The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Ive no idea whether this is good or bad news for Seed Innovation. As I understand it recreational exposure is at a minimum anyway and anyone wanting to smoke weed recreationally isnt going to pay through the nose from a dispensary when they can get it from the lad who's been growing it in his mums attic at a better price.
https://www.proactiveinvestors.co.uk/companies/news/1041691/germany-legalizes-adult-recreational-use-of-cannabis-1041691.html?viewSource=TwitterUK
With regards to any comments I left on CTAG. I know a few blokes from Twitter who lost a lot of money on it. Some professionals and some amateurs. My own understanding is that its a con and someone's taken over the website and is winding holders up. Would love to be wrong on that score for their sake but feel its unlikely.
He doesnt get picked on he gets well deserved criticism for his handling of a portfolio which is lacking.
Every year same story, every year same promises, every year same excuses.
And nothing to show for his disturbingly excessive remuneration to produce negatives.
Morocco-Russian relations are still in constant development, while trade between the two countries reached over two billion dollars in 2011. In March 2016, King Mohammed VI of Morocco visited Russia and met with President Putin. Both sides signed an agreement on mutual protection of secret information.
Ive suggested to Ed that medicinal psychedelics was an area of interest for me for a long time before LGP was a thing. Id been researching it for years. It came as a surprise when LGP showed an initial interest. However in this climate and with this team. Im not sure it would benefit us as everything they touch falls through.
For the people talking about people who invest large amounts of money "without it being worth it"
Go to Seed Innovations and look at Jim Mellons holdings. look at Peter Saladinos holdings, and look at Norbert Teufelberger's holdings.
Millions spent and not an ounce of profit.
It's a Tax loop. and they're playing the proletariat like pricks.
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There will be a video release announced in the next day or so where the CEO re-iterates the vote is to allow for a raise "should it be needed" and is there as a failsafe for the creditors.
Then there'll likely be a lot of buying pending whatever comes next.
There's a few reasons. Despite their being a lot of paperwork and legislation surrounding what you can and cant do on AIM. When was the last time anyone heard of an AIM CEO going to prison for being a dishonest person or misleading Investors.
It doesn't happen so there's nothing to dissuade crooks from starting companies and rinsing people.
On the other hand, This is business and there is so few options regarding financing that they tend to get funnelled into these same moves hence all the longtimers and experienced traders investors knowing what moves are likely to be played.
This creates two tier shafting for newbies because experienced people can and always will play peoples fears to their own advantage.
It's a cruel game of wits.