I think this stock won't move much until GHS stops issuing new shares. I would believe most longs are holding their shares (I know I still have all mine), so most of the day to day volume is coming from day traders and/or new shares issued through GHS. I don't think GHS will stop issuing new shares until we have enough money in the bank to run our operations. How quickly that will happen will depend on when we get the PO from CBD Life, how large that PO is, and what the payment terms are. The other alternative is when Hempd, Fitwhey, and ESSW can generate enough revenue to support the business on their own, or other private label agreements happen, or a combination of all of the above. Now unless anyone knows how all those scenarios will play out, any time frame for a rise in stock price is merely a guess.
I see a lot of people concerned about the number of outstanding shares. In my mind, this isn't that big of an issue. Even if we have to keep issuing new shares until we get to say 2.5 billion shares, Mike Welch has targeted a market cap for RMHB of $250 million by 2021 (I believe was the date). Even if we had 2.5 billion shares outstanding by that point, that's $0.10 per share, or 10x where we are now. Also, I think he set that target before he knew the full potential of everything we have going on, including the Mexico deal, South America, Europe, etc. We also have the Farm Bill coming to open the entire US for CBD/hemp sales, and that may open other options for financing. And again, when things get rolling, they can always buy back and retire shares.
I believe if you are here for the long term, have the patience to hold through the ups and downs, and believe in this management team to execute (which they have to date), then I think you're in great shape. If you're looking for fast money, either in day trading or options trading or shorting this stock, then good luck guessing what it will do on a day to day basis.
All this is my opinion only, of course.
GLTA Longs
Go RMHB
I see a lot of people concerned about the number of outstanding shares. In my mind, this isn't that big of an issue. Even if we have to keep issuing new shares until we get to say 2.5 billion shares, Mike Welch has targeted a market cap for RMHB of $250 million by 2021 (I believe was the date). Even if we had 2.5 billion shares outstanding by that point, that's $0.10 per share, or 10x where we are now. Also, I think he set that target before he knew the full potential of everything we have going on, including the Mexico deal, South America, Europe, etc. We also have the Farm Bill coming to open the entire US for CBD/hemp sales, and that may open other options for financing. And again, when things get rolling, they can always buy back and retire shares.
I believe if you are here for the long term, have the patience to hold through the ups and downs, and believe in this management team to execute (which they have to date), then I think you're in great shape. If you're looking for fast money, either in day trading or options trading or shorting this stock, then good luck guessing what it will do on a day to day basis.
All this is my opinion only, of course.
GLTA Longs
Go RMHB
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