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Froggy $

13,218 Posts.

274

07/02/19

17:11

Post #: 37366795
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Originally posted by dmaivn ↑

Originally posted by Bilson
In 2022 everything should be well and truly up and running. That will be the 6 year mark for me holding so thats longish term in my mind. Im thinking between a 5 year and 10 year hold for me. Its been hard to watch the swings but ive never been to worried as i was lucky enough to get in during the twh days at 12c. My thoughts on if they fail are along the lines of.. they'll always be able to fall back on their licences. If their hope to develop a successful pharmaceutical product doesn't work out, we will still be able to grow and manufacture for other companies that do have a product.. there is also ththe chile side to keep in mind. They are the only licenced company in the whole country... thats huge!
If you got in at 12c, you would be laughing regardless! And if you sold at 1.8 to make a kill and come back to get at 50c you would laugh even louder. And if you do this a few times selling on high and get some back on low you would not need to hold this stock for 5 years. But the poor retail investors jumping in when the stock was over $1.60 are now under water and may never recover the loss. The institutional players who got in early almost always win. They are winning now and locking away the profit. To them, it does not matter if it's chicken or ducks or coffee or weeds, as long as they make a profit, it's a profit.

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Maybe we could diversify and get into growing hemp as well? Sounds like it will go off. Recreational pot legislation changes would be awesome if we could sell into that as well. Be awesone if we could distribute into canada seeing theyre running/ran dry.
Aimo

AC8 Price at posting: 47.0¢ Sentiment: Hold Disclosure: Held
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where to next?, page-616

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