Some of us Longs would like to see the pps closer to .50 while we wait patiently for news that will trend the stock upwards. Others are just going to wait and not care much what the stock is currently trading. I am in the former group as I do not want the stock to be so cheap that the Company can not negotiate a good deal when attempting to coral additional capital. Also, below .15 could make our Investor nervous although the rich dividend is still in play.
Concerning the current pps, we seem to be in a new trading range of .09+ to .14; a close above .14 could bring us back to the recent range of .13 to .20 which would feel much better than where we are today. There are so many things that could bolster the entire medical cannabis field, eg., Congress or FDA changing drug status based on legislation or clinical studies, respectively.
There sure is an increase in stock volume over the last five or six trading days.
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