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clock Created with Sketch. 11/03/19
21:57
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Originally posted by rjbr:
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I have been buying at 0.4 and under thinking it possibly cannot go any lower but after witnessing the SP action today I am convinced that this will keep diving. This selling pressure from seed investors seem like they want to completely exit WBT, not even thinking about free carrying the rest which was my line of though until now. I decided to look for a possible explanation of this illogical situation and was able to dug out some information.the numerous levels at which the family is involved are a red flag " so my theory is that these seed investors qualified it as a red flag and decided to exit. If you look at it, the companies listed in the Everblu website are currently either at their all-time low or suspended by ASX. This would also explain why there is hardly any buying pressure from the so-called institutional investors and family offices despite the "Sale of the Century". Check out Victory Mines, Creso Pharma, Roots, Hardey Resources, Cannpal, Angel Seafoods, etc. It makes sense to me that the consolidation was just to mitigate this inevitable decline.
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Exactly. We've put a lot of faith into the words from Coby's mouth that may or may not happen as stated and by the timeframe stated. My fingers crossed it will happen as all timeframes have been met before by WBT but wouldn't surprise me one bit if it doesn't, I'd be used to it... haha
(20min delay)
