“Hit the bid.”
“There isn’t one!”
These words are all too familiar to anyone that invests (or speculates) money in speculative high risk junior companies.
And this is especially true for anyone that puts money to work in companies listed on the Toronto Venture Exchange (TSX-V).
This exchange is home to the serial start-up entrepreneurs looking to get their next big resource, tech, or cannabis company off the ground.
One difficulty with early stage companies is that they are not well known out of the gates. These are the companies you hear about in an internet chat room, from your brother-in-law, or from your barber.
It’s the hot tip of a company that will shoot to the moon once it gets a permit, approval, or a grant. Or even if it hits a drill hole or puts the dog collar supply chain on the blockchain.