Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
So much has been said during the past 8 years and I’m sure there was some negativity he reported. It’s just that the pumping overwhelmed everything. No question the reverse split crippled the long term holders. Maybe we can still pull a rabbit out of the hat. Not putting more good money after bad in this thing. Did enough of that before the split.
Based on what? I would question his judgement and expertise more than his integrity. It’s true he’s been pumping this thing for maybe 8 years, but I think he’s been sucked into the potential rather than being willfully disingenuous.
Like a freight train blasting through resistance. Fundamentals trumping technicals.
Let’s go parabolic and really have some fun!
For the time being today’s action is all the chatting we need. Great to see.
The more things change, the more they stay the same. We’ll see if this is different.
The more things change, the more they stay the same. We’ll see if this is different.
Ohashi has been pumping this dog for seven years. “The train is leaving the station” was his big mantra five years ago. His pump piece interviews with Bunka are nauseating. There’s no accountability in this business.
Because he’s a charlatan. The guy has misrepresented just about everything. He’s punished his long term shareholders and enriched himself on our backs.
I would be happy to hold $7, but the "feel" has clearly changed in the last few weeks. I've been nibbling here and there to bring my cost down.
Yeah, $10 would be .33 pre split. Nothing to write home about. Bunka felt he had to do what he did to survive and in the process he destroyed the pre split shareholders. All the while paying himself like he was running a profitable company.
Since Friday, May 21st, this has been quietly accumulated into the close on most days.
It did not finish red that day. It closed well off it's high for the day, but still finished substantially higher. You were the genius who said it wouldn't hold 6. You were wrong. It closed over 6. You were wrong.
Unfortunately, Lexaria is trading. It's too bad a mercy halt can't be initiated.
When you look at last weeks volume, I think the odds are heavily skewed toward lack of interest.
Progress has been nonexistent so far and it's been very disappointing, but we have to let it play out. They have the funds now to be more aggressive with all sorts of trials. Problem is long term investors have had their positions gutted and will need something from this company that they haven't so far been capable of delivering. No way to sugarcoat it. This investment has been a disaster so far. It may turn out to be okay for post split buyers, but that remains to be seen.
Looks like an all out jailbreak today. Sellers savaging this thing. You don't need high volume to walk down a stock. Is the bugle player getting ready or can the gods summon up a miracle V bottom explosion? Without positive news a V bottom explosion won't happen. Bunka, where are you? Say something. Anything.
Maybe Billy's right about the tech not being what it's been thought to be.
So far it's been a royal money flush for us. Nobody put a gun to our heads to force us to stick around. I had an exchange with Bunka in June of 2019 when the price was around a buck. I decided to stick around. Oh, if I could only go back there. We were seduced by what we thought was life changing technology. Something still doesn't compute. Like Pots said, it could go further down the cesspool and they'll reverse split again. Still looking (hoping) for that lightening bolt, but the realist in me keeps saying it ain't happening. Small float, life changing technology, this should be an investors dream and not the nightmare it's turning into.
Very sad state of affairs here. Bunka is either inept or a charlatan. Maybe both. His lapdog, (palms greased ?) Ted Ohashi has been in permanent pump mode for the past five years or so. Bunka has only delivered disappointment. Always alluding to something going on and nothing changes. In retrospect, Altria may have been the Hail Mary. It's been roughly two months since the reverse split. What happened to all the big boys we were told about who were chomping at the bit waiting to get in? What happened to the 10 or 12 interested entities Bunka alluded to a few years ago who he was talking to? I got a kick out of the guy who showed up here a few months ago who said he used to work with Bunka and extolling his virtues. A prop if I ever saw one. Bunka gutted the long term shareholders while continuing to pay himself big bucks. What happened to the resident pumper who would lash out whenever someone was critical of Bunka and the company? It's sickening. I would love nothing more than to eat crow, tomorrow, next week, whenever. The only thing we have right now is complete and utter failure to capitalize on what is supposed to be groundbreaking technology. That's the only thing real now. Where is BAT? No updates, no nothing! Maybe they'll leave Bunka holding an empty bag like Altria did and like Bunka appears to be doing to us.
$90 would be exciting and with the right news and the small float maybe not as unattainable as it might seem. Now $90 for someone who just bought for the first time, well that would be a totally different category of exciting.
Bunka sure fooled everybody with the Nasdaq move. Certainly thought he would have had some meaningful window dressing to go along with it. If meaningful news of real substance ever comes again, it will be interesting to see how it moves with the current micro float.
Nostra is probably the same guy who was here a few years ago using the name Nostradamus. He went off spouting some junk about Lexaria/Canopy. Spoke in generalities then, like now. The same cryptic nonsense. When what he was alluding to didn't happen, he vanished.
You're right, Sanderson. Most doctors don't have a clue or want to learn about it. I feel sorry for their patients. I think K2 is a miracle supplement with many components within the umbrella. Some think MK-4 is most important, but I'm with you. I think MK-7 is most valuable. I've read recent studies which indicate around 300 micrograms of MK-7 per day may confer relative immunity from heart attacks. Fascinating stuff.
Guys, if you're not aware, there is a strong correlation between blood levels of vitamin D and MS. There's been a ton of research on this in recent years Not only has research shown that vitamin D may prevent it, it has also shown that it can help manage the condition to some degree. Please note than high intake of vitamin D can cause free flowing calcium in the blood. The way to control that is to take vitamin K2. Please do your own research and if you have it, talk to your doctor.
You don't have to justify your posts to anyone. They're fine. You're just voicing the angst and uncertainty that most long term holders of this stock have and feel. Like Agent said, if he doesn't like seeing them, then block you.
That's not his style. He won't do it unless he's shamed into it. Yeah, he has all those shares, but he's not hungry enough.
Ohashi has been writing puff pieces about/following this stock for maybe 5 years. With the exception of the run from around.20 or so to around $2, his consistently wrong, pie in the sky price predictions should be an embarrassment to him. There's a lot wrong here and criticism is totally warranted. Altria made Bunka look like an amateurish fool.Speaking of an embarrassment. Ohashi continues to parrot Bunka's so far empty schemes and dreams. They both have no credibility.
Some positive volume came in just before the halt for whatever that's worth.
My answer is no. Everything you say has merit. The truth hurts. Can it still be turned around? Yes it can, but to this point whether it's management or circumstance, it's been a major fail and disappointment. Bunka has not delivered the goods. He's given the impression at times there have been more interested parties, but very little has happened. There's something missing here and waving a magic Nasdaq wand may not be the answer. It's Bunka's job to unlock value and he's been a total fail in that regard. I wrote him a scathing email exactly one year ago. He didn't like it. The price was around a dollar US at the time. I should have sold then. Instead I watched the share price turn to dust from my high priced ringside seat. My bad.
It wouldn't surprise me if they go higher than $4. If this thing doesn't show some giddy up soon, the split numbers will be beyond ugly.
Anything even close to 30 would be a disaster. Any reverse split at all has the potential to be a disaster. At this time looking like like maybe 1 for 10-15 range. Not good. We still have a little time to get it down. Almost need a miracle to get the price up to a livable area in the next three weeks or so.
Think about it and I'm not for one second diminishing what's happened to the people who have died from or contracted this virus. My figures may be off a bit, but in the US I think roughly 100,000 have died from this. Of that number around 30,000 have been over 65. People under 50 have about a 2/10 of percent chance of dying from this. I believe around 2 million people in the US contracted this thing. That's out of maybe 350 million people. This has to be put into perspective. A lot of the deaths to the elderly were caused by inept politicians sending Covid positive people into nursing homes. Fauci, the supposed expert has waffled all over the place. As late as January 25th he was playing it down saying not to worry and go about your business. No masks, then yes masks. Self isolate, then maybe that's not a good thing either. The media has run with all this crap and scared the hell out of people. Not saying it's not something to be ignored, but some of these measures have been over the top and seemed to be panic driven. Of course it's easy to second guess now, but at this point the numbers have to be better analyzed to put this in better perspective.
Volume has picked up considerably in the past hour. Price has gone up with it.
Up 30%
I agree. If nothing materially changes with the company (like a blockbuster announcement) a reverse split will be a disaster. You can bank that. If we do get that blockbuster announcement, the stock price will take care of itself and no reverse split needed. The market is not buying what the company is selling now. If the fundamentals don't change the market interest will not be any different. They need meaningful deals and meaningful revenue. No band-aids or hocus-pocus please.
Thanks everybody for all the good information today. Looks like tomorrow could be the day when all hell breaks loose. This thing looks pregnant!
They can't do a reverse split at these levels. It would be destructive and short sighted. They would need some material news to goose the price higher first. If they are considering a r/s, and right now that can only be considered a supposition, that would mean to me that they do not see a natural event coming in the next few months that would push the stock to the levels needed on its own strength. You're right in that it would have made a little more sense if the stock price was higher. Still all the potential in the world hasn't moved this at all during the past few years. Just the opposite. Who's to say a Nasdaq listing would change that? Like others I've seen this scenario too many times. A company engineers a reverse split and after a short period of being at higher levels, the share price sinks back to where it was and the shareholder get a major screwing. I've seen some work, but my impression is the vast majority don't. The company badly needs some positive news. We're flying blind with Altria. What the hell is going on with that? They need affirmation from Altria about what's going on. The market has to see some credibility coming from somewhere. You would think that if Altria wanted to move forward they would have communicated that by now. Then again, you could say the same thing if they weren't. They seem to be waiting for the last tick on the clock to make their intentions known. Unless Bunka already knows.
I've never liked reverse splits, but the tea leaves may be pointing in that direction. Depending on various criteria a company can get listed at $2 or sometimes they need $3. At the current price it would take a 1 for 7 to get over $2. That would take the outstanding shares down to a little over 11 million with an even lower float. It would suck the liquidity out of the stock. I don't like this. Am I missing something?