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?
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 !!
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?
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.
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 ?
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.
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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