I have never seen a good timely recco. from CITI - bunch of over paid wet behind the ears finance MBA who "Manage By Arithmetic" and have absolutely no sense of what happens i the real world markets. - Other than that go ahead and follow their recommendations.
Less than $25 MM market Cap Now - Don't you think there is more value than that in the real-estate. - and then you get what is left of the company and cash for free.
Between the two they now own just short of 32% of the company. I can't imagine that they are happy campers fright now. - I wonder why we don;t hear from them? Any one know why the silence? - Or have they been activist behind the scenes. - they certainly have enough shares to effect a change of ownership / board control if they want to. - Interested in thoughts on this.
low demand? have you looked at the volume of shares traded? - The legal Pot market is not going away. - It is exploding!
$.20 is now the 200 day average - I don't think you will see $.13 again. There will be major support in the low $.20's - Could have another manipulators rally soon. - Might dip down again after that. - Remember the trend is your friend!
If an offer for the company was made at $2.75 per share - Do you think the board would take it? -Do you think there would be shareholder action if they didn't? - With the concentration of ownership it would be pretty easy for them to survey the largest holders to get their preference.
All the big wire houses have positions in stocks that they manipulate for their own benefit. - Do you thank they really care about the individual investor? pump and dump...
That may account for a lot of recent downward pressure on the stock.
Half of the shares of this company are now with just 20 funds/individuals. - Concentration of ownership is setting up for a sale. With the shares they control they could probably drive an offer for sub $3 right now. (Maybe sub $2.25) - How many people wold be happy with that ?