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  1. #141
    Legend Balance's Avatar
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    The desperation of the incompetents at the NZX is laughable but in the end, tragically is destructive for the future of the NZX. Another 1454 mugs to the slaughter, courtesy of the misfits at the NZX.


    "Despite this, there is investor appetite around the sector, and according to the CBD chairman 1454 new shareholders who took part in the IPO process, implying an average holding of $6,800.

    This is a good time to mention a major flaw in CBD’s IPO structure - there is no escrow to stop major shareholders from dumping their shares.

    Usually in IPOs there is a commitment for major stakeholders to hold on to their stock for at least 12-months."

  2. #142
    Guru Xerof's Avatar
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    You'll recall another IPO that suffered (partly) from the same fate, of foundation shareholders cashing in big time, Balance. DIL, but then look what eventually happened there? 7c entry might be worth a dip of the toe

  3. #143
    Legend Balance's Avatar
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    Quote Originally Posted by Xerof View Post
    You'll recall another IPO that suffered (partly) from the same fate, of foundation shareholders cashing in big time, Balance. DIL, but then look what eventually happened there? 7c entry might be worth a dip of the toe
    Agreed - case of monitoring developments to see what happens.

    Never get too negative or too positive about any stock.

    DIL became a BUY when the Americans move in with additional capital & their connections.

    Brian Henry will be regretting to today his decision to sell out when the sp moved back to 38c from the lows after the Americans bought in.

    He only left $7.01 per share behind!!!!!!!

    Long way to go for Cannasouth sp to go down to - no product, no market, nothing!
    Last edited by Balance; 06-07-2019 at 03:45 PM.

  4. #144
    Ignorant. Just ignorant.
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    If you were one of their suppliers, what credit terms would you have them on?

  5. #145
    Legend Balance's Avatar
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    Quote Originally Posted by GTM 3442 View Post
    If you were one of their suppliers, what credit terms would you have them on?
    Like PEB, COD or prepayment!

  6. #146
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    Another glowing article:

    https://www.stuff.co.nz/business/mon...ash-of-its-ipo

    This is the saying it reminds me of.... https://www.youtube.com/watch?v=pG0yq2ATWbc

  7. #147
    ShareTrader Legend bull....'s Avatar
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    The proposed regulations, out for consultation now, are part of the work the Government is doing to establish its Medicinal Cannabis Agency (MCA) ahead of the Medicinal Cannabis Scheme anticipated to come into effect in 2020.

    https://www.stuff.co.nz/national/hea...nabis-products

    submissions open now
    one step ahead of the herd

  8. #148
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    Quote Originally Posted by Balance View Post
    Agreed - case of monitoring developments to see what happens.

    Never get too negative or too positive about any stock.

    DIL became a BUY when the Americans move in with additional capital & their connections.

    Brian Henry will be regretting to today his decision to sell out when the sp moved back to 38c from the lows after the Americans bought in.

    He only left $7.01 per share behind!!!!!!!

    Long way to go for Cannasouth sp to go down to - no product, no market, nothing!
    Never under rate hype and market sentiment. It can be worth more than product and market capability. At present the North American gold explorers cannot raise funds because so many investors are putting their money into cannabis stocks. Which further adds to the incompetence of NTL making an issue just after the CBD IPO.

  9. #149
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    Someone asked me about investing in this industry. I think its a good case of the old addage "sell the shovels to the miners"..... ASX:HRL gold star to the one that figures out the connection..... P.S. is there a 'Monsanto' equalivent for cannabis? That'd be a better punt.

  10. #150
    Legend Balance's Avatar
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    Quote Originally Posted by kiwidollabill View Post
    Someone asked me about investing in this industry. I think its a good case of the old addage "sell the shovels to the miners"..... ASX:HRL gold star to the one that figures out the connection..... P.S. is there a 'Monsanto' equalivent for cannabis? That'd be a better punt.
    https://finance.yahoo.com/news/canna...142214171.html

    One way to get global exposure instead of this CBD NZX mickey mouse rip-off BS.

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