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Posted On: 05/19/2018 11:54:06 AM
Post# of 15624
OWCP has been trading in a narrow range for several or more weeks. Support seems to be at .22/.23 and strong resistance at .29/.30 There are strong headwinds and they are mostly coming from the Federal Government . Until Congress and the Trump team helps the field of medicinal cannabis our stock and the common stock of similar companies are going to be stunted. The type of news everyone here has been waiting for is unlikely to occur in the near future, whenever we get close to a 10Q or see any other SEC filing many of us get excited but the pps barely quivers.
Foreign sales may occur in the next year but American companies are still faced with the problems created by our government, eg. banks are not comfortable doing business with our industry, always the threat of government interference that spooks experienced investors, etc.
While I am confident we will have a successful company it is going to take time that goes well beyond a few more weeks or months. Of course, Sessions could be dismissed (unlikely) or Congress could really get going and push for favorable laws and rules that will facilitate our industry; the FDA might even step up (showing some signs already). And that would change everything................
Foreign sales may occur in the next year but American companies are still faced with the problems created by our government, eg. banks are not comfortable doing business with our industry, always the threat of government interference that spooks experienced investors, etc.
While I am confident we will have a successful company it is going to take time that goes well beyond a few more weeks or months. Of course, Sessions could be dismissed (unlikely) or Congress could really get going and push for favorable laws and rules that will facilitate our industry; the FDA might even step up (showing some signs already). And that would change everything................
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