Replies to post #10670 on Cann American Corp (CNNA)

[timetomakemoney]

contact the company you will be surprise with their prompt reply.

[flicker]

Again, BFLX is likely falling because with the ATM in place the company will be selling 100's of millions of new shares, no amount of potential good news/PR's will change that likelihood.

The volume is very low, trades for 5k or 10k are worth a night out on the town. Hardly worth noticing. You can raise, or lower the BFLX stock price by 5% or more with a few dollars in trade and I've seen a few go across for 100 shares. When real volume shows up we will be better able to discuss what is likely behind it.

Also, the current daily drop implies to me they are already selling or the funds are in full short mode.

They don't need to sell because they have funding. If they do sell they have to report it. Who would want to file reports on these small trades.

The amount of money the would be getting from small sells like this would not even be enough for petty cash, which is assuming no one else is interested in selling 5k lots of shares, like the day traders who got stuck with shares during the pump and dump, or people who just don't have the patience to wait for a month or two to see if the company performs as predicted.

According to the available information from the company, the managers are still traveling to finalize marketing agreements.

The amount of money they would be getting from these sells would not even be enough for petty cash, which is assuming no one else like the day traders who got stuck with shares during the pump and dump are selling. Chances are people just don't have the patience to wait.

"contact the company you will be surprise with their prompt reply"

Their reply is more like a wish or dream, the company is here to pint new shares.

The company has been performing exactly as they said they would in announcements per the business plan.

[surf1944]

Enjoy your BFLX investment, I have never understood why someone watches their funds go down day after day. Penny stocks are almost never an investment, they are a trade. The longs have been on the wrong side of this trade.