You can't deny me and many other investors our experience, we were screwed by the directors and owners who issued many millions of shares to them selves for next to nothing and sold us out, fact.
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Out of interest and not trying to mock but does anyone have a list of the worst IPOs? CBD has lost nearly 50% of its IPO price in next to no time.
Sp now 28 cents and heading towards 7c in a big hurry as it's clear that those who got their shares at 25c are bailing out while they can.
So question is when those who got their shares at 6.7c join in the selling before it's too late for them!
At 28c, the cannabis-induced 50c IPO punters have lost 44% and now needs the sp to rise 79% to break even,
What they are up against is that those who got their shares at 6.7c are still sitting on 318% profit.
Very clear where the sp is heading - and it's not back to 50c!!~!!!
I read something the other day that Callaghan Innovation are going to be granting them some money. So not only are these guys destroying (new post-IPO) shareholders' money, they are also robbing the taxpayer.
http://www.scoop.co.nz/stories/BU190...an-funding.htm
Fourth grant. First harvest only 2 moons await, its all a happening!
Plant material from Cannasouth’s Waikato-based cultivation facility will be used in its Waikato Innovation Park laboratory to extract cannabinoid compounds for the proposed projects. The first harvest of plants growing in the facility is expected in the next two months, it said.