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  1. #106
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    Quote Originally Posted by winner69 View Post
    Good news coming in August I reckon .....maybe even late July
    Crikey......What year are you talking ???

  2. #107
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    So does anyone know anyone of the 1400 " investors " who put their hard earned into this outfit ?

    Im wondering now if they would pile into it at .40 ?

  3. #108
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    Up to $0.41 this morning. Wonder if the publicity of listing bought in a new round of punters??

  4. #109
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    I've completely stayed out of this and didn't bother researching until today for a bit. I don't need an answer to this but how the hell did this get valued at $50m??
    Now that I got it out of the system I move on to better things.

  5. #110
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    Imho this is the type of crap float the desperate NZX takes on whereas a higher quality float from NZ these days would head to the ASX

    It's an existential question for the NZX and its reputation.

    Quote Originally Posted by silu View Post
    I've completely stayed out of this and didn't bother researching until today for a bit. I don't need an answer to this but how the hell did this get valued at $50m??
    Now that I got it out of the system I move on to better things.

  6. #111
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    Quote Originally Posted by Arbroath View Post
    Imho this is the type of crap float the desperate NZX takes on whereas a higher quality float from NZ these days would head to the ASX

    It's an existential question for the NZX and its reputation.
    NZX has zero credibility and its reputation is that of an old has-been hag standing around street corners touting for business.

    It's little wonder it only attracted CannaSouth - they are all high on something!

  7. #112
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    Director Ho bought a bundle of shares

    Buy when insiders are buying they say
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  8. #113
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    Sp at 36c one week after listing and the cannabis-induced investors who paid 50c are down 28%

    Much more pain ahead as those who obtained their shares for 0c, 6.7c and 25c will look for every opportunity to lock in their gains.

    At 36c, those who git their shares at 6.7c are still sitting on 437% gain - but how many will they be able to sell before those who paid 50c wake up from their cannabis-induced hypnotic state of mind?

    http://nzx-prod-s7fsd7f98s.s3-websit...688/302469.pdf

    Page 17 - IPO publicity photo which never made it to the NZX website or media. Wonder why!
    Last edited by Balance; 27-06-2019 at 08:24 AM.

  9. #114
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    slip sliding away ( again ) imho CBD will drift down to its real value sub .10 it might take a while but who would buy this cr@p with no real numbers !!

  10. #115
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    Quote Originally Posted by whatsup View Post
    slip sliding away ( again ) imho CBD will drift down to its real value sub .10 it might take a while but who would buy this cr@p with no real numbers !!
    Down down indeed to 33c, looks like those who were allotted shares at 25c are trying to get out?

    Guess those who got their shares at 6.7c are beating them to the smokehouse?

  11. #116
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    Quote Originally Posted by Balance View Post
    Down down indeed to 33c, looks like those who were allotted shares at 25c are trying to get out?

    Guess those who got their shares at 6.7c are beating them to the smokehouse?
    Here's how it looks for the cannabis-induced shareholders who paid 50c :

    - they will need CBD's sp to go up 52% to breakeven,

    - but those allocated shares at 6.7c are still sitting on 393% gain.

    Not too hard to figure out where this sp is heading towards!

  12. #117
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    Reminds me of 42 Below, issued themselves millions of shares at re 2 or 3c from memory then sold out early screwing most of the shareholders that had supported them.

  13. #118
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    Quote Originally Posted by Joshuatree View Post
    Reminds me of 42 Below, issued themselves millions of shares at re 2 or 3c from memory then sold out early screwing most of the shareholders that had supported them.
    Correction - 42 Below was actually sold to Bacardi & anyone who invested in the company and not sold out earlier made money.

    I think you may be referring to Snakk, SeaDragon, CERE, Plus SMS ?

  14. #119
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    Quote Originally Posted by whatsup View Post
    So does anyone know anyone of the 1400 " investors " who put their hard earned into this outfit ?

    Im wondering now if they would pile into it at .40 ?
    https://www.fool.com/investing/2019/...h-in-july.aspx

    While investors in other Cannabis stocks are making money, the Cannasouth investors who paid 50c are down 34% in one week!

    At this rate, it will be 10c by year end as those who obtained stock at 6.7c continues to sell down to lock in their gains whenever there's an opportunity.

  15. #120
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    Quote Originally Posted by Balance View Post
    https://www.fool.com/investing/2019/...h-in-july.aspx

    While investors in other Cannabis stocks are making money, the Cannasouth investors who paid 50c are down 34% in one week!

    At this rate, it will be 10c by year end as those who obtained stock at 6.7c continues to sell down to lock in their gains whenever there's an opportunity.
    This is ridiculous to say the least..

    1.No Escrow period for the shares bought at 6.7c...
    2.Cannabis stocks funded through crowdfunding or through NZX are all in gestation period.So will take a while to see real money.
    3.The referendum also may have an impact on these companies.
    4.NZX was so desperate( I guess..) to get new companies on board and it ended up getting this mutt.
    5.I still recollect companies like Hirepool was pulled from listing because of its price...Those times were different...

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