Hey guys,
Broker data from Oct 24 (when the $5m CR was announced) up to Tuesday this week:
- Assuming sophs and instos from Peloton are clients of Pershing, they have accumulated another 28m (average 6.7c), all up their holding should now be close to 100m shares (excluding options), which is 1/7 of the company as of today.
- Top 20 unchanged, there's not a lot of free floating shares around, should be a good setup for a move to the next positive catalyst.
My last email communication with Joel was back in mid Nov, he said that they are in final stages of receiving import permits and final approvals from the DEA on their shipment of Dronabinol and CBD materials for clinical use, so we should hear some update on that very soon.
AC8 and CAN had some news this week regarding their MC products, hoping that will bring back some overdue positivity and much needed attention to the sector in the near future.
This will be my last post of the year, merry xmas and have a happy new year everyone, stay cool from the heat and be safe!
Hez
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