Under 3 for sure and not so fast up, maybe 9 by the end of 2020 or early 2021. This company is a cash bleeding cow.
Gold_Rush
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@ABG1968, ya I'm just estimating based on TA people can push the price up even if the company is trash look at penny stocks it's all about what price people are willing to pay at the end of the day when this thing pumps nothing else will matter... Traders and investors will jump in causing a chain reaction.
Do you think the fact they’re killing a lot of expansion plans will help them stabilize the burn rate and then what affect that will have on its market value
ABG1968
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@hrzogg, I think the expansion plans were made in mind that the US as a market will be open to business by now, therefore they ( the industry, not in particular ACB)pushed for a lot of inflow of cash after sold in US market. That did not happen and i don't think will happen soon, we can talk about why but for sure not under Trump or not in this mandate maybe next ( religious vote, uber-conservative vote, etc). To correctly answer your question the answer is ABSOLUTELY YES. But for that, you need balls. ( and I'm not sure they have it)