Not sure why the new financing is good news, they want to accelerate the dilution. I have no position here but be careful. Price will be driven up and then chipped away at when they do an A-1 and offer shares to raise capital.
an offering that will not be for a retail investor. You do realize the dilution factor as been out since January and is why we have dropped over the past week?
Listen, to throw $5k in here, buys about 11,000,000 shares. if they can really produce weed and harvest by Q4, as they hope, there is no way you will ever see this stock at it's 52 week low. So worth the risk, as the risk vs reward is ridiculous. haters, bashers, cheer leaders....just wait and lets see what happens.
Dilution wise...if you could not tell they had offered a boat load of shares than wtf. When you see hundreds of millions of shares lined up on the bid and ask, clearly the float is not 207.1M as it shows!
I think some of you are confused when you see pre/after market ask and bid prices. What this means...
There is a market maker who dictates +/- during regular hours. In the pre/after market that does not exist. What you see is what an actual person is putting up. The price you see is the best price, closest to the prior days closing. For example, I have 10 shares. Pre market, I want to sell them for .30. If there are not other ASK prices pending, you will see .30x10. Now if someone else came along and put 10000 at .29, what you would see as the ASK price, .29x10000. Just the opposite for the bid. The bid price is what someone is willing to BUY the stock for. So, I want to buy some stock. I am only willing to pay .10 and I want to buy 10000 shares. You will see this as the BID price as .10x10000. Now if someone else came along and said they will pay more, for example, they want 20000 at .11, you will than see that as the BID price. These prices really do not mean a lot unless there is VOLUME to support it. if 10000 shares trade at .50 that is no guarantee the stock will open there. You can actually play around and put an order in and you will actually see YOUR bid/ask if you are the most competitive. That is no guarantee it will trade though, you actually need a physical buyer/seller on the other end willing to buy your stock. Hope this helps!
This is how it works. Pre/post market sale prices are not made by a market maker. Those prices you see are the "best" prices put in my an actual investor. If you put in a bid price (the price you are willing you BUY the stock) of .11 and there are NO other offers out there, you will see a bid price of .11. If I go in and put it to .12, that is what you will see (with the amount of shares I want to buy). On the other end, the ask price, is what an investor is willing to SELL his shares for (you will see the amount of shares listed, for example, ASK .32 x 10,000). Means if someone wants them, I will sell you 10000 shares for .32. Pre/post market is tricky and not always an indicator of where a stock will open.
Hope this helps!
I cannot agree more. New to this stock, small dollars to see what happens. Regardless of what the Senate does, this stock is on it's way. There is no way around it. Big news will be once HEMP is listed and I would expect that within the next couple years. Hold this stock now and hopefully all you longs will be retired in a few years!