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!
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Director Ho bought a bundle of shares
Buy when insiders are buying they say
Sp at 36c one week after listing and the cannabis-induced investors who paid 50c are down 28% :eek2:
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? :scared:
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! :D
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 !!
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.
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...