up. we shall see.
, i mean *when*, the price of the equity will have already adjusted.
If you believe you are a buyer.
Temporary sale price can not last unless the business implodes.
and there is a buyer in the weeds
you are both being silly.
when things get sorted out, this is a very nice business.
until then its a quagmire, but it is all a matter of perspective.
CR has hurt a lot of people who should not have been hurt, because he is not logical nor business savvy, but the underlying demand and metrics, ex K, are not a disaster.
go see my reasoning and summary thesis I just posted after a careful examination.
i am long MJNA already. Sold some CBIS to get a couple blocks of ERBB this am.
and landmark Yale study just out last 36 hours.
Bernie is pro
Mj as well....and likely others.
Liz Warren, may run for prez, has high ratings, just went pro legalization (MA likely to pass fully next year)
Oregon starts Oct 1.
National Geographic expose on MJ, vaping and cancer, etc. Big documentary and cover story recently out.
Political will for reform gaining and gaining.
There will be some big winners. ERBB may be one. Clearly a takeover candidate with the patents etc.
vaping MJ for rec or medicinal will become de riguer as the socially acceptable, 'safe' intake and absorbtion modality. ERBB with the patents re vending is in a great spot. Partnerships will create value.
Political tailwinds along with the largest hospital in Israel utilizing vaping in house for its patients (and Successfully) will put a company like ERBB in the spotlight as people put all the pieces of the puzzle.
im in on our patents. long 2mm so far thisz am.
you dont have beverage stocks trading at 8. Some stocks trade at less p/e. Comparing different sectors' p/e just shows a certain level of stock market naivete.
they had 200k cash, said they would not dilute.
NP, you know they have all their loot tied up in inventory waiting for plant completion. And we all know the cash cycle of the biz. You left out the EBITDA incentive and the nature of this is just a bridge loan. Millions of dollars of inventory just waiting for that elusive completion of East and West plants....and whatever else they cant announce because they cant fill orders....yet.
Sad? Certainly. The end of the road? I guess you can tell us how that will transpire.