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clock Created with Sketch. 23/01/15
20:47
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Originally posted by abdm
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Hi soulblighter, I should've probably extended my opinion to say, "News will be the predominant price driver over these next 12 months, but revenue will be the predominant driver during 2016, 2017, and 2018 I took a small short term punt on PYL yesterday which was heavily reliant on the consistency of the above-mentioned backward mentality. I plan to sell in the next couple of sessions but god help me if any of them actually do learn how to do a google search over the long weekend and come to realize that the medical cannabis bubble around the world actually burst at the beginning of 2014, with every listed medical cannabis stock around the world today already in a massive downtrend. There is absolutely no doubt that Medical Cannabis should've been the gold standard of care many decades ago for the sufferers of many serious illnesses, but those who make the rules in government are controlled by pharmaceutical lobby groups, who in turn are controlled by big pharma. And, to my knowledge the shareholders of big pharma still vote in favor of making a profit.
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"News will be the predominant price driver over these next 12 months, but revenue will be the predominant driver during 2016, 2017, and 2018" Source: http://www.pg.com/en_US/downloads/innovation/factsheet-ioc.pdf
(20min delay)