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Hey Nerds: Blockchain

Preston

The Artist Formerly Known as Goldust
It would be like buying Verano right now at a $2.8b market cap. Shit will skyrocket on day 1.
 

Preston

The Artist Formerly Known as Goldust
To put it in perspective... GTII trades about $12m per day. Jay Z, for the last 5-6 days was trading $60-65m per day. For a weed stock on the OTC/NEO/CSE, that's a lot of moolah. Lotta demand for a stock that tutes do not have access to.
 

CH1

The Artist Formerly Known as chiggins.
To put it in perspective... GTII trades about $12m per day. Jay Z, for the last 5-6 days was trading $60-65m per day. For a weed stock on the OTC/NEO/CSE, that's a lot of moolah. Lotta demand for a stock that tutes do not have access to.

exactly, why didn't the price go up during the last 5-6 days?
 

Preston

The Artist Formerly Known as Goldust
exactly, why didn't the price go up during the last 5-6 days?
Redemptions, which expired yesterday. It wasn't going to move until it churned through the $575m or close to it or till the redemption deadline. Tutes/SPAC arbitragers, with no interest in anything but SPACs, redeemed and MJ retail investors bought, but the buying was not enough to offset the redemptions.

Many likely kept the warrants, which was always another clue anyway. They blasted off.
 

Preston

The Artist Formerly Known as Goldust
And you can see the volume really pick up post-GA runoff. It was always a fairly good deal at those levels, but the GA runoff re-priced the entire sector 20-30+%. It became a no brainer, hence the uptick in volume and buy interest.
 

CH1

The Artist Formerly Known as chiggins.
Redemptions, which expired yesterday. It wasn't going to move until it churned through the $575m or close to it or till the redemption deadline. Tutes/SPAC arbitragers, with no interest in anything but SPACs, redeemed and MJ retail investors bought, but the buying was not enough to offset the redemptions.

Many likely kept the warrants, which was always another clue anyway. They blasted off.

I get that...but redeemers could have waited another day or so, no?
 

Preston

The Artist Formerly Known as Goldust
I get that...but redeemers could have waited another day or so, no?
1. Not if they're institutions and aren't allowed to own pot stocks.

2. For retail investors, selling the shares and keeping the warrants is a risk-free solid upside move. May have gotten spooked by the stagnant price action too.
 

CH1

The Artist Formerly Known as chiggins.
1. Not if they're institutions and aren't allowed to own pot stocks.

2. For retail investors, selling the shares and keeping the warrants is a risk-free solid upside move. May have gotten spooked by the stagnant price action too.

should have maxed all my credit cards/credit lines and bot SVG for a day
 

Preston

The Artist Formerly Known as Goldust
The better the rest of the sector does, the better Jay Z will do really. The more it will need to re-rate. Price target is 15 at minimum tbh unless the sector or broad market tanks. Could be a double or better though.
 

CH1

The Artist Formerly Known as chiggins.
Today is good on all fronts. Except Tinley. **** you Tinley.

I got zero TNY right now....it's like having a savings account in one of those Euro countries with a negative interest rate

It might have it's day soon...but too much action for me to tie up any pot $ in a dead stock.
 

Preston

The Artist Formerly Known as Goldust
I got zero TNY right now....it's like having a savings account in one of those Euro countries with a negative interest rate

It might have it's day soon...but too much action for me to tie up any pot $ in a dead stock.
Yeah, I'm just waiting for them to put out SOMETHING to create ANY hype. Give me some SHG hype. Go on that stupid fucking pump show for all I care.

Meh. It's by far my smallest position so it's not a big deal. I kind of believe in them but god damn, I've held it for like a month and I'm already losing patience. They haven't done anything in 3 years so I can't imagine how the longs feel.
 

CH1

The Artist Formerly Known as chiggins.
I basically poured any cash I had in JAyz...so after today's move, stuff like TNY became 25% cheaper for me.
 

CH1

The Artist Formerly Known as chiggins.
Yeah, I'm just waiting for them to put out SOMETHING to create ANY hype. Give me some SHG hype. Go on that stupid fucking pump show for all I care.

Meh. It's by far my smallest position so it's not a big deal. I kind of believe in them but god damn, I've held it for like a month and I'm already losing patience. They haven't done anything in 3 years so I can't imagine how the longs feel.

they're not hype machines, tho...which is good governance
 

Preston

The Artist Formerly Known as Goldust
they're not hype machines, tho...which is good governance
It's one of the reasons I went in on them. They seem genuine. Every interview I've seen with the CEO is just pure misery. He always looks depressed and beaten down from the regulatory hurdles. Poor guy.
 
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