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Eric - Stock trading is rough, full stop. Wherever you are, it's ultimately a gamble. It's only money in the end. Not worth worrying about too much. Kurt is trying hard and we all think we could do better (well, a lot of us do!), but ultimately, it's not our business. It's his. It'll of course be a relief when something positive happens, but you can say that about at least a thousand companies out there and for the corresponding investors in those companies. One day, something will happen here and everyone invested will smile. Those that aren't (for example, myself) will be kicking themselves.
OD- I'd suggest that you are much better in SEED than in Premium Bonds. The excitement level is higher here than Premium Bonds and if you have a spare £50k from selling your Premium Bonds, that would give a welcome bolster to the optimism surrounding SEED.
We'll see how the war in Ukraine goes - that's eating up a lot of Germany's EU bandwidth. But once Germany sorts out what appears to be just a process issue (given willingness seems to be there), then the rest of Europe will likely tumble soon after. Meanwhile KNB, CBX and MGC all seem to be perking up. But it is all about Ukraine for SEED at the moment as far as I can see. This is an interesting article, a little old at one week, but a quick read: https://www.euronews.com/my-europe/2023/01/27/in-the-weeds-germanys-plan-to-legalise-cannabis-in-2024-likely-delayed
Good to see O Donnell has finally off-loaded from here. Not sure how many he off-loaded, but with any luck , the tiny volume of selling recently was his selling. Separately, KNB has gone up sharply this morning. Just wondering if anything is up? Anyone heard anything?
Slightly worried that everyone has been banned and even OD is getting his posts deleted. I’ll soon need to actually work if I’ve got a wfh day rather than enjoy the discussions here. Come back all! All is forgiven! It was the best board on LSE, for laughs sure, but also for some great research. Two posts a day ain’t enough!
Quite interesting trades today. Small slices of £5k a pop. Someone nervous about the price getting bumped up too quickly? Someone building a position? Last week looked like a tree shake from where I'm sitting. Hope it was.
It'd be good to see Alfredo put some cash in. I wonder what's holding him, Lance and Luke back too?
The CFG story is good, but we've got such a tiny position, it won't be game changing even if it does take off.
GLA
To be honest, I'm rather disappointed that so many posts have gone missing. (a) why did someone squeal? (b) aren't we real men that can take it? (c) what retribution is in store once the squealer is found? This is one of the best boards on LSE for banter, second only to the office and provides an excellent substitute when I wfh. THAT'S MY STAPLER YOU @%&*<$%**! And finally, let's make sure we don't let our wrists slip when we contract the word 'have' after 'should'. It's "Should've", not "Should'of". That sound after 'should' is a contraction of the word 'have'. I know you know that and are brilliant in so many ways, but to be one step closer to God, you just need to get that right. And you all have my utmost respect. Love ya guys. See you down the pub at 4pm.
I wouldn't get too dispirited if you don't get a better day today. The view to take may be around 12 months and work within that. When it does go up, it'll pop and you'll be glad you didn't do anything. The fundamentals remain promising here, not only with NAV but what's happening on the wider Cannabis front. There is movement in one direction only (towards the market exploding), and it's only a question of how fast now. Alberto Pascual is an interesting guy on Twitter to follow, if you're not already. He provides both the good and the bad on this front. My money is a shift in Germany first (before the US) and that'll provide the shift in sentiment which will create the significant bump up and restoration of sentiment in SEED's board.
But there's always the counter sentiment (this time in Germany):
https://www.zdf.de/nachrichten/politik/gruene-beschleunigung-legalisierung-cannabis-100.html
There is a lot about timing of news/announcements/IPOs etc. Putting out an RNS at 4pm on a Wednesday is going to have less impact than putting it out at 7am on a Thursday. Best time for positive news to come out is 7am on a Monday or Tuesday. Plenty of space for the market to run with it for the week ahead. Still, we'll see the impact in slower time as the news sinks in via various routes.
Directors' buys bring attract plenty of publicity as various mags list them, and that spurs pieces on whether the shares pose good value. The low SP here is a good story for us from that perspective - there wasn't anything fundamentally wrong with the company, and we all knew NAV was/is around 3x from here. So my guess is that we'll hit 5p pretty soon as plenty of punters want to get in as close to the bottom rung as possible.
NovumBoy - You're right. I never have rushed to your defence. My post an hour or so ago wasn't really to defend anyone else here. It was more about how you're presenting yourself - and to offer a word of help to you. It's more because while you are trying to lay into someone, you are just opening yourself up to more abuse. I don't know you. But you come across as someone who has a brain who doesn't do themselves justice. It's a shame. Beating people up on social media is a bit of an art Novumboy. You really don't do it well at all. You'd do best to stay away from that sort of behaviour. You're just going to get bullied more. I'm offering that as a caring fellow poster, somewhat worried about you. Which is odd, as you're a complete stranger. But your post was a bit sad. And I'm not part of any group btw. So don't think that this is someone trying to kick you while you're down. And keep posting - but not those sort of posts. I enjoy your other posts - even the ones about when you meet various board members.
Hi Novum Boy. I agree with your trading style. I do the same. But your manner of addressing others on this board is really really pompous. I'm sure you're not like that in real life (unless you live in a 1970s sitcom), so stop doing yourself a disservice. You're embarrassing yourself and only making enemies. You're a smart guy. You don't need to make enemies. Stick to comments about shares, companies or make jokes to make others smile. Thanks buddy.
So what if there’s no RNS? I’d suggest that it’s riskier for a PI to put so much money in than a Director who will know the company back to front. But if a PI has put that much in, they can’t be looking for a small return. The spread and volume would make it prohibitive. So it’s still good news even if it’s a PI. And would generally just show the general i uselessness of the board if they haven’t.
I'd doubt that the SP will move with the LEAP sale news. It'll be good to have it out of the way, but of course the key is what is the board going to do with the money? Sentiment is, I would say, the key driver to SP. Around Cannabis (the really good story in Germany and europe at the moment) and of course, what people are saying about the board (not good). It'll be nice to turn the latter around with Ed achieving better than £6m for LEAP, but I wouldn't hold your breath. It's inevitable that Cannabis will be big money in ten, twenty years. A good chance that SEED should profit from that, and of course, the certainty of not getting that twenty bagger is by selling your SEED shares. GLA.
It's interesting to see if we can guess what the rise in price is attributed to. Various scenarios:
a - US - Biden's message the other day suggesting a step change towards legalisation, and so general positive sentiment returning to Cannabis sector. (Look at Tilray! Up 41% in a month!).
b - Germany - similar to US. It is around now that action is expected.
c - Sale of LEAP imminent? Whilst this would remove a degree of uncertainty, I'm not sure it would cause an increase in SEED share price.
d - Let's face it. 3p for something worth 8p is just dumb! Of course the price will rise back to 8p!
e - Removal of Kwarteng/Truss, acceptance that reality needs to be accepted restoring risk appetite, no deal BREXIT and other such idiocy will no longer be tolerated.
f - Ukraine: Are we witnessing the slow collapse of Putin? It's better than expected, come on lads!
g - Absence of O'DONNELL. I miss the ol' fella!