All I can say, go to SEDAR and check out the filings. Then go to SEDI and check out the insiders.
You paid $0.14 which means you value CULT around $14 Mil. I can’t see any reason why this company should be valued any higher than cash.
Only found one NR on SEDAR to back up any of their claims. It covers the Jamaican pot and it’s a rather strange deal. I cannot find a NR about PredictMedix nor anything about the Hinalco deal. Neither can I find any info on the Dazed Leaf and Vicir Cosmetics ownership situation.
Also can’t find any technical information on PredictMedix aside from what is here predictmedix.com and that’s pretty well nothing.
As far as Kales’ insider buying goes, that’s meaningless imho in light of the seed shares which he got for something like $0.000001 per share.
Anyway, I have already spent too much time on this / enough time to convince me to stay away from this "CULT".
PS: Have a look who has been the largest seller since it started trading.
House Positions for C:CULT from 20191220 to 20200122
|
House
| Bought
| $Val
| Ave
| Sold
| $Val
| Ave
| Net
| $Net
| 1 Anonymous
| 2,398,986
| 175,756
| 0.073
| 9,001,000
| 727,092
| 0.081
| -6,602,014
| 551,336
| 89 Raymond James
| 0
|
| 450,000
| 64,309
| 0.143
| -450,000
| 64,309
| 13 Instinet
| 374,500
| 41,412
| 0.111
| 469,000
| 53,527
| 0.114
| -94,500
| 12,115
| 22 Fidelity
| 0
|
| 87,500
| 13,185
| 0.151
| -87,500
| 13,185
| 85 Scotia
| 227,180
| 27,445
| 0.121
| 310,000
| 36,830
| 0.119
| -82,820
| 9,385
| 59 PI
| 13,000
| 1,950
| 0.15
| 73,540
| 9,601
| 0.131
| -60,540
| 7,651
| 76 Industrial Alliance
| 0
|
| 25,000
| 2,500
| 0.10
| -25,000
| 2,500
| 36 Latimer
| 1,071
| 93
| 0.087
| 15,515
| 1,801
| 0.116
| -14,444
| 1,708
| 33 Canaccord
| 25,000
| 1,800
| 0.072
| 20,000
| 2,000
| 0.10
| 5,000
| 200
| 19 Desjardins
| 7,400
| 1,073
| 0.145
| 0
|
| 7,400
| -1,073
| 18 Echelon
| 81,000
| 3,310
| 0.041
| 0
|
| 81,000
| -3,310
| 124 Questrade
| 244,142
| 16,638
| 0.068
| 66,800
| 4,505
| 0.067
| 177,342
| -12,133
| 88 Credential
| 182,100
| 12,909
| 0.071
| 0
|
| 182,100
| -12,909
| 80 National Bank
| 655,700
| 64,895
| 0.099
| 1,200
| 60
| 0.05
| 654,500
| -64,835
| 79 CIBC
| 764,455
| 63,985
| 0.084
| 32,510
| 1,463
| 0.045
| 731,945
| -62,522
| 2 RBC
| 944,169
| 108,389
| 0.115
| 198,200
| 21,642
| 0.109
| 745,969
| -86,747
| 83 Mackie
| 1,737,500
| 140,020
| 0.081
| 549,500
| 56,738
| 0.103
| 1,188,000
| -83,282
| 9 BMO Nesbitt
| 1,220,525
| 99,166
| 0.081
| 21,000
| 2,930
| 0.14
| 1,199,525
| -96,236
| 7 TD Sec
| 2,891,138
| 302,867
| 0.105
| 447,101
| 63,532
| 0.142
| 2,444,037
| -239,335
| |
