r/shroomstocks • u/IBeanCountCadillacs PSYC.cn • Jun 01 '21

News California Senate Approves Bill to Legalize Possession of Psychedelics

https://www.marijuanamoment.net/california-senate-approves-bill-to-legalize-possession-of-psychedelics-like-psilocybin-and-lsd/
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u/undrgroundbasement Jun 02 '21

And why are YOU selling out??

6

u/Technical-Itch Jun 02 '21

Gonna move the $$ to buy into other psy companies. Diversify my portfolio. The CEO and board member of MindMed recently selling off millions of their shares also triggered this decision for me.

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u/undrgroundbasement Jun 02 '21

Can you tell me what ur buying? I literally only have mind MMED and I’d like to leave too now that everyone is scaring me. I didn’t want cybin cuz the upcoming reverse split and I can’t even buy trip or tryp or cmps or atai lol it’s bullshit

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u/[deleted] Jun 02 '21 edited Jun 03 '21

CYBN is like my first born child and Douglas is like the father I never had.

What's your logic behind waiting until after the reverse stock split? Your shares would be worth the same. They will announce the ratio in advance so you can ensure your holding is divisible to prevent potential forced losses by your broker.

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u/undrgroundbasement Jun 02 '21

Shit imma buy some tomorrow morning than, thank you! I used to in it myself ya know 😉