CGB 0.00% 2.1¢ cann global limited

Nothing to do with fundamentals., page-13

  1. bma
    12 Posts.
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    I bought a small amount at 11c and have no one to blame but myself. Didn't do the right amount of research and paid the price for it.

    In hindsight this stock was clearly not worth 11.5c (double what it was prior to the announcement). Proper reading comprehension would have shown that the product being hyped is very far in the horizon and the revenue of the company doesn't justify that price. It doesn't seem fair to blame instos for my own shortcomings.

    That said, I see the floor of this stock being ~5.2c at the worst, and I still consider the announcement to be positive news, and wouldn't expect to see it drop much under 6c, if at all.
 
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