My last post was moderated - unsubstantiated info - which is fair enough, I was given that info by a reliable source, but is very hard to substantiate. having said that, all trade info is available to brokers. I think most people that have been on the RGI thread for a while know I don't post speculative info.
Great to see the buy side far outweighing the sell side. That 2 million crossing last week would certainly have cleaned out any bigger holders wanting to reduce. I'm very surprised they found that may shareholders willing to cross. IMHO those sellers were very shortsighted. Each to their own, there are a myriad of reasons why you need to cash up. Interestingly with the limited sell depth, the placement was done not much below market prices, with no shortage of buyers. Also whoever bought into last weeks 2m cross had to do it off market, as the sell side simply wouldn't allow such a buy. Contrarians would say for each buyer there is a seller, true, but we've has a 20% appreciation lately, IMHO the educated buyers are taking advantage of short term profit takers.
As the Freshero testing gets underway, Gibio construct their grow rooms, interest in this stock will only intensify which combined with the tightness this stock is held, will only mean one thing.... These are 2 massive contracts, of which just one alone will set RGI up to be a multi bagger. Then there are the other fresh food opportunities and RGI's stated objective to get into cannabis cultivation, in an environment where Canada goes recreational in just 2 weeks & the rest of the World will not be far behind.
Certainly exciting times. That thin sell depth will very quickly vanish on any positive news.
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