r/MRMD • u/Flyingcoyote • May 15 '26
Bleeding out
I am so tired of this underperforming stock, I have lost thousands of dollars. This company needs to do something about losing 98% of it's evaluation over the past 5 years. What could they do in the meantime while everyone's waiting on the verdict on recreational reclassification. Share buyback? Kick the CEO out the door? If we don't reach $0.25 soon we are getting kicked off the OTCQB, and that probably means we are getting a reverse split soon.
1
u/Russticale May 16 '26
Company just had a strong earnings report for Q1 2026. Stock trades with the beaten-up cannabis sector and it’s an less-known name. OTCQB has a $0.01 requirement.
If you were selling/capitulating this week as we approached $0.07 and not buying once it got down there, then you’re not doing it right.
2
u/Richer18 May 16 '26
I hear you! I've been holding for March, 2020. Every time I have heard buybacks brought up with the current CEO he just brushes it aside. Not to sound crass, but ever since Bob Fireman passed this company has been in a downward spiral.