Wrenchman, you are so correct. Many people do not
Post# of 85234
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Posted On: 08/23/2018 5:39:16 PM
Wrenchman, you are so correct. Many people do not understand what happened during the dot.com era, and the similarities now envisioned for the cannabis industry. So let me give a generic example.
First, one must understand that in the beginning of the computer revolution, there were quite literally hundreds of start-up companies all trying for a foothold in that industry. Many of these start-ups sold stock for sub-pennies and pennies per share, and almost all had extremely bloated share structures.
Company A then developed a new product that sold very well. The stock for company A easily shot up 20 to 30 fold in just days. Company A was then eyed by a larger firm that wanted in on the action, and that company paid a premium for the opportunity to buy them. Anywhere from 10 to 100 baggers were common in these deals. Then, that combination was in turn bought up by another even larger company, and the stock soared once again. This same merger and acquistion activitity continued for about three years, and people who had only invested modestly became rich beyond all dreams.
Naturally, boom did become bust and those overextended did lose huge amounts of money. Yet those who were not greedy still have all their millions today, and are part of our country's mega rich. This is not out of the question with cannabis. The potential for riches is greater with cannabis then with anything I have ever seen, and all one need to is go for the gusto. The prize is out there.
First, one must understand that in the beginning of the computer revolution, there were quite literally hundreds of start-up companies all trying for a foothold in that industry. Many of these start-ups sold stock for sub-pennies and pennies per share, and almost all had extremely bloated share structures.
Company A then developed a new product that sold very well. The stock for company A easily shot up 20 to 30 fold in just days. Company A was then eyed by a larger firm that wanted in on the action, and that company paid a premium for the opportunity to buy them. Anywhere from 10 to 100 baggers were common in these deals. Then, that combination was in turn bought up by another even larger company, and the stock soared once again. This same merger and acquistion activitity continued for about three years, and people who had only invested modestly became rich beyond all dreams.
Naturally, boom did become bust and those overextended did lose huge amounts of money. Yet those who were not greedy still have all their millions today, and are part of our country's mega rich. This is not out of the question with cannabis. The potential for riches is greater with cannabis then with anything I have ever seen, and all one need to is go for the gusto. The prize is out there.
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