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This stock is a pump and dump and is likely to crash big soon. Could even get halted according to this. Stay safe!
$JBCT on suspension watch
— OTC Markets Reporter (@OTCreporter) January 10, 2018
Stock got labeled caveat emptor because of promotional activity, tomorrow is gonna be a bloodbath.
Good summary of the promo activity can be found here:
https://www.goodetrades.com/
I'm guessing this just keeps bleeding steadily lower. Those financials are a joke!
The stock is likely a pump and dump. If you go to the beginning messages of this board you'll see the research that was done. Essentially this company has no operations and insiders have warrants that convert in $0.15-$0.30pps CAD range (meaning they're up ~1,000% on their shares).
Suggest saving your money for something else.
Thanks for posting, found the landing page by going to that website
Thanks for the additional info. It's a pleasant surprise on the rare occasions when the ihub community posts rational comments about an otc company.
Has anyone gotten any pump related messages on it though or knows one of the execs has a sketchy past? Agree it looks like a P&D chart, but haven't seen any mailers or excessive twitter spam or anything.
At the very least is way overvalued, especially on a fully diluted basis with all those warrants.
Also have 26.7 million warrants that convert at $0.30 per share (think for Canadian stock price but not positive).
https://www.bloomberg.com/press-releases/2017-09-25/carrus-closes-non-brokered-private-placement-and-appoints-van-der-linde-to-the-board
Bitcoin prices moving lower on JP Morgan CEO calling bitcoin a fraud. Could drag down MGTI too.
BREAKING: JPMorgan CEO Jamie Dimon says bitcoin "is a fraud" that will eventually blow up https://t.co/ZnbSx16LT9
— CNBC (@CNBC) September 12, 2017
$385K is a lot to most people...
Another insider selling his MGT shares.
https://www.sec.gov/Archives/edgar/data/1001601/000149315217010183/xslF345X03/form4.xml
Feel free to trade this because it still could spike higher, but please just realize this is a pump & dump and will likely be trading below $0.50 in 1-2 months or sooner. Seen too many individuals wiped out to not saying anything. GLTA.
Company tweeted that they are going to appear on Fox News.
https://twitter.com/agritekholdings
The teaser video is password protected which was stupid of them to post since can't view it, but if it's legit, this thing should hopefully spike on that amount of publicity.
Seems like a PR stunt. It gets his name back in the headlines to try keep him relevant. Also seems like a good way he can begin his exit from MGT, for "safety" reasons.
He said he had spots all over him that would bleed a lot, including his face. Anything that bad would still leave some signs of scarring, but his face looked fine. Also he conveniently couldn't go to a hospital because the ominous "they" would have been checking every hospital to finish the job.
While at the very end there is a sentence saying he remains committed to MGT, he also in the video seemed to decide he is going to stay in hiding for the time being. Likely how he can begin to separate himself from the MGT scam. For those still drinking the MGT kool aid and think it's not a fraud, how is John going to operate MGT if he is in hiding?
This stock sure has the highest entertainment value I've ever enjoyed from investing!
Watching closely, but got out of this for now. Not enough people taking notice.
Can anyone give me a quick description of what these guys do? And why you do (or don't) like them? The partnership with BITCF caught my eye as interesting...GLTA!
This just got on my radar. Nice breakout!
How do you know Sentinel is coming out on July 27th? Can you include a link? Thanks!
Someone tried to kill McAfee. He survived but was hospitalized.
http://www.zdnet.com/article/john-mcafee-reportedly-lands-in-hospital-after-attack/
Hey, welcome. I got into this recently too, think it could really start picking up in the next couple weeks once people learn the story.
They do testing of cannabis in Nevada. All legally sold weed needs to be tested for chemicals, pesticides, etc. So they stand to really benefit from Nevada's recent recreational legalization.
Just got their NV license to test recreational weed which you probably know is a big deal if you're following PNTV:
http://www.prnewswire.com/news-releases/digipath-receives-recreational-testing-license-and-renews-medical-license-as-retail-cannabis-market-launches-in-nevada-300484994.html
They also though aren't waiting and have been seeing revenue grow really strong so far this year. Also what's nice is no toxic financing. Really clean balance sheet and growing revenue. Most recent 10Q:
https://www.sec.gov/Archives/edgar/data/1502966/000149315217005083/0001493152-17-005083-index.htm
The only negative I have is lack of investor awareness and volume. The name "Digipath" doesn't make it clear that they're a NV weed play. Hopefully though as people do research on this, volume will pick up! GLTA
Volume has been picking up here the past few days. Already today's volume has passed the avg volume for the day. Hopefully bodes well for things to come.
Get excited, this is the furthest sentinel will ever make it into actual production! Clearly seems like a stable man...
Looking for a place to put my Sentinel tattoo. Running out of skin. pic.twitter.com/SLb1tS4qU8
— John McAfee (@officialmcafee) July 14, 2017
NV approved emergency regulations to help meet the strong demand. Indirectly would think this will help DIGP since more sales would also mean more tests that need to be run.
http://www.latimes.com/nation/la-na-nevada-marijuana-hearing-2017-story.html
I feel like if they just changed their name to something like "Marijuana Testing Labs" and had a ticker like MJTL or something they would be up 5x in the span of a couple months. From the current name it's just not obvious what they do.
Nice pick up in volume today compared to average. Hopefully continues tomorrow.
Followed this one off and on over the past few years. The Canadian listing is interesting.
How do you know it'll be 6 weeks? Any links you can send with their submission to be listed there or anything? Thanks!
Thanks for the list, that's helpful. Will take a look at TRTC. Hopefully people start to notice DIGP soon too!
I am just starting to look at PNTV as a possible short actually, but need to do more research. $100+MM market cap. $457K in assets and $91 dollars (not in thousands) of revenue in 1Q'17.
Does anyone know if there are any other MJ companies that focus almost exclusively in NV?
Seems like a pretty good niche DIGP has carved out for itself amongst public MJ companies. Now just need people to notice this one...
Just got into this one. Think it could really start moving in the next couple weeks as people start to notice it. Company just did PR yesterday and sales in Nevada are already creating a shortage.
PR from the company yesterday about it getting its recreational testing license for Nevada:
http://www.prnewswire.com/news-releases/digipath-receives-recreational-testing-license-and-renews-medical-license-as-retail-cannabis-market-launches-in-nevada-300484994.html
And the fact that Nevada is already running out of MJ and think of declaring a state of emergency over the shortage only bodes well for the demand of DIGP's testing:
http://www.npr.org/sections/thetwo-way/2017/07/12/536805816/marijuana-shortage-prompts-emergency-in-nevada-tax-officials-weigh-changes
Got it, thanks.
New to this stock board so just getting up to speed, sorry for the old news.
Can you re-share a prior post where it was pointed out that John McAfee is not in fact the CEO if Robert Ladd is signing regulatory docs as CEO? Thanks!
Found another red flag. This one is bigger than the ethereum sham news...
So I think we all know John McAfee is the stated CEO of MGTI. The company issued PR in November 2016 making it official:
http://www.prnewswire.com/news-releases/mgt-officially-appoints-john-mcafee-as-chief-executive-officer-300365926.html
However, what is missing is any regulatory document with John McAfee's signature on it. Robert Ladd is still the only one signing the regulatory docs. Robert Ladd is even listed as CEO in one doc from Feb 2017, AFTER McAfee is supposedly CEO if you scroll to the bottom of this:
https://www.sec.gov/Archives/edgar/data/1001601/000149315217001906/ex10-2.htm
You'll see Robert Ladd signs everything and has various titles. Someone feel free to prove me wrong and post an SEC doc with McAfee's signature as CEO that I missed. Without that it doesn't even seem like McAfee is truly CEO. Seems like his only real role is promoter in chief.
Thanks for the response. Yeah there are just a lot of red flags like the ethereum one and the one you just mentioned on the bitcoin mining as I've dug into this one. Based on past posts that's probably old news to a lot of you.
Also the address of Bit5ive LLC (the company MGTI partnered with to mine ethereum) is a joke now that I look at it. Wouldn't be surprised if there's no mining operation in that house at all, just a front to help issue PR. Link to picture below.
https://www.corporationwiki.com/Florida/Miami/2226-SW-57th-Ct-Miami-FL-33155-a253673.aspx
Got it. Why isn't the SEC halting it? Guess they got a lot of crap like this to deal with...
Hey, re-posting my question from the other day to see if anyone has any thoughts. It looks like the ethereum pr they did is highly misleading, unless I'm missing something which someone could point out to me what it is.
MGTI in their press release on piloting ethereum mining talks about an agreement with a company called Bit5ive LLC. Link here: http://www.prnewswire.com/news-releases/mgt-capital-launches-pilot-program-to-mine-ethereum-300478827.html
Bit5ive LLC is registered to Robert Collazo:
https://www.corporationwiki.com/p/2j7pxh/bit5ive-llc
Robert Collazo is listed as Director of Operations for MGT's Bitcoin mining operations:
http://www.prnewswire.com/news-releases/mgt-capital-updates-shareholders-on-bitcoin-mining-operations-300337882.html
So while Collazo isn't mentioned in the PR, he essentially announced an agreement with himself. That makes me highly suspicious that the agreement is in fact legit. Let me know if I'm missing something...
Hey, just started to follow this one.
I was looking at the news the other week that they are starting to mine ethereum and announced an agreement with Bit5ive LLC to pilot that. Did anyone notice that the Bit5ive LLC is registered to Robert Collazo who works for MGTI? Is that sketchy and they're basically doing a deal with themselves or am I missing something? Link to the LLC registration below. Thanks!
https://www.corporationwiki.com/Florida/Miami/robert-d-collazo-1543052.aspx
penny stocks aren't exactly known for their huge profits...care more about revenue growth at this stage
pg. 4 of link below has IS data on revenue. They are up to date on all their SEC filings...
https://www.sec.gov/Archives/edgar/data/1502966/000149315216012508/form10-q.htm
Nice uptick in volume today and latest polls show the vote will pass in NV. Feeling this is going to be a big week for DIGP!
Agreed, should get a nice pop post vote. nice to see an MJ stock with actual revenue already too
I wonder if part of this run is from the announcement recently on their medical patent applications. Could be big business since its in the same area as what the $3B MJ company GW Pharma does. Go gblx!!!
http://www.prnewswire.com/news-releases/growblox-sciences-announces-patent-application-for-treatments-of-parkinsons-disease-alzheimers-disease-huntingtons-disease-and-dementia-300343440.html