1st Food Group (FIFG)

[Werbe]

Expert Market tomorrow.

[wooqa]

FIFG .0005

[wooqa]

FIFG .0002

[rodgranite]

Well, we are still operating

And we have gotten into a lot more places in the last few months. We will start to see it reflected in the financials soon.

[rodgranite]

Earnings soon

I hope that there is a reason for the buying. This stock has a history of accumulation over time and a sudden rise.

[rodgranite]

Something will happen ahain

With this stock. It follows a pattern that is in motion for the 3rd time. One or two buys a day, with some no buy days, and those 2 daily purchases range from 100 to 100,000 shares or more. If you own it, be alert. It won't be long.

[rodgranite]

Well.....

We are back to erratic, even number of share sales that are, most likely, a single person or small group. There will be another move up fairly soon.

[Hooparena]

It appears year end tax loss selling has arrived

[rodgranite]

Damn

I missed the whole thing. I am minding my father in law who is at the last few months of his life and he had his worse day yet so I couldn't even look at my phone until it was over. I'm retired and my wife works so it is left to me. Until next time.

[Hooparena]

Amazing, we basically don’t trade for weeks then we run from $0.065 to $0.32 yesterday on over 1 million shares and now we hit a new low of $0.055

This stock can make you insane!

[Hooparena]

Amazing, we basically don’t trade for weeks then we run from $0.065 to $0.32 yesterday on over 1 million shares and now we hit a new low of $0.055

This stock can make you insane!

[rodgranite]

This is what amazes me

Somebody just was perusing the barely traded stocks and said..."I think I will drop $80k on this company"? Hard to figure.

[Hooparena]

What a surprising and fun day. Over a million shares with no news.

[Awl416]

If you can sit for 6 months without volume

I’ve sat for months - yes it’s a QB ticker risk reward….

Simple answer move along if you’re looking for a quick flip

[madras50]

this worth a buy at .09 or is it done?

[Awl416]

That was fun LOL

[Awl416]

Mm on call with ASCM crying for help

[Awl416]

Poke it

[rodgranite]

I should have checked EDGAR.

I get so used to seeing them pop up in the news feed that I just look there.

[Hooparena]

The financials came out on 8/22. They lost -$.01 vs -$.04

[Hooparena]

The financials came out on 8/22. They lost -$.01 vs -$.04

[rodgranite]

I believe the financials are due today

Sep.1 would be 15 days from the due date. Hopefully we will see some improvement.

[Hooparena]

I hope the sellers of the two trades today didn’t spend their $40 and $20 all in one place?….jeez….no wonder it is so hard to make money in this stock.

[rodgranite]

I know

I was joking. The percent increase meant nothing because it was only 100 shares traded. I am patientky waiting as well.

[Hooparena]

Yeah, but it dropped the same $0.06 cents yesterday on 1,100 shares. Percentage moves mean nothing in my opinion, only the price changes matter. If this upcoming proposal cannabis bill gets passed, this can be a home run because I believe THC chocolates will be coming in the future in addition to the current CBD chocolates.

[rodgranite]

86%, one day increase? Are you kidding me?

Only on 100 shares traded however.

[rodgranite]

No, I missed that.

Damn, somebody wanted some shares badly. This is pretty brutal but a lot can change really fast. Onward!

[Hooparena]

Have you seen the bid for 1,000,000 shares?

[rodgranite]

Yep

Florida is considering medical marijuana. If that comes to pass we could legally make the chocolates. It will happen....the only question is when.

[Hooparena]

First, their chocolates are outstanding and the best I have ever tasted. That being said, their business plan is the CBD side and it is a slow growing and positive business.

Where the real explosion potential is the future possibility of THC inside the chocolates. When cannabis becomes legal (hopefully in our lifetime), the demand for the THC infused products will blow off the charts. Currently the company is not taking on that sector due to the legality of cannabis products crossing state lines so the company can’t pursue this business line. Notice that in every financial report they specifically state they have no immediate plans for THC infused products but realize they have it in the future plans when cannabis legalization does get passed.

The cannabis sector reaches new lows every day so I believe that is the reason for the stock price depreciation. When you look up the corporate website of First Foods Group, they have numerous other cannabis stock companies prices scrolling across the screen. So the company views itself as a cannabis company despite the fact that CBD is not affected under Federal cannabis laws. That is why I believe the company’s future plans are for THC infused chocolates in the longer run.

[rodgranite]

Not at all.

But I can report that I look at the "locations" tab to see if there are more. I would guess that there are 10-15 more stores than last time so we are growing. At a glacial pace.

[Hooparena]

Not looking or trading well buddy. It is going to be a much longer wait it appears. I really thought we had a hidden gem here.

[rodgranite]

I have never got the way this trades

You could easily have somebody but at .15 and pay fifteen cents. No rhyme or reason.

[Hooparena]

Yesterday anyone could have sold 50,000 + shares at $.12 and they do nothing. Today the buyer doesn’t come back and now we have two sellers at $.12.

I have been trading a long time but these penny stocks are so frustrating. You don’t unload over 1/2 of a cent, no wonder why they can’t make money.

PUMA is only offering at $.1250 because he bought 5,000 at $.1205

[rodgranite]

We're on fire!

[Hooparena]

Woohoo, first trade in 8 days!

[rodgranite]

We should also bear in mind

That they do not sell shares on the open market for operating expenses. It is 100% funded by insiders. They have taken shares and warrants in lieu of pay and there are warrants out to salesmen but that seems to be the extent of it. We simply need results.

[buxmaker]

Thanks Hooparena. I hope I am wrong. Would love to see this company become a success. I will definitely keep my eyes on it.

[Hooparena]

Buxmaker, I am sorry to see you get out but understand your reasoning.

I always have one or two companies that I have a risky investment in because of the possible upside. The amazing thing is that insiders have been keeping this company afloat with their own money and taking shares. The question is why? They must see or realize something that has huge potential. Losing 500k a quarter is a numbers game (accounting write offs). How can a company lose that much money with only 6 employees and have limited expenses? Pad the expenses so when they turn the corner so it can improve the bottom line in the future.

The company still has a low share float and with any progress can be a huge mover. My personal thought is the payoff will be when cannabis becomes legal and then they can produce chocolates with THC ingredients in addition to the current CBD chocolates. The question is when will cannabis become legal?

When and if that happens, you can always jump back in. I am willing to wait it out longer and see what transpires. Wishing you all the best.

[buxmaker]

I think we need to come to grips with the fact that while this may be an interesting company, with an attractive product, it is a terrible investment. They have less than $6000 in cash and over $4 million in current liabilities. They are losing nearly $500K per quarter. They only had $14K in sales over 3 months? Ouch.

How will they stay in business? The only way to stay afloat is to continue to use shares to borrow money. Since management can't be bothered to issue press releases or even the occasional tweet, the stock will continue to decline and the dilution will accelerate.

I started selling after the last filing and am now completely out. Hopefully they will make a splash the announcement of the NFL player as their spokesman.

[Hooparena]

Agree, it was disappointing. I really thought we would see some progress in sales but now will have to wait until next filing. I would like to see who the NFL celebrity is?

[rodgranite]

Well, on to the next filing.

They have engaged a bunch of salesmen and the NFL player so that is whereas at it appears. Disappointing numbers to be honest.

[Hooparena]

True, but we never get a big buyer paying up at higher prices. We always get a seller taking it down to hit a big bid.

The only time we got aggressive buyers when we got the Costco news and that quickly faded a day or two later. We need some aggressive buyers and have others follow the lead to keep the price higher.

[rodgranite]

Also

Somebody wanted to buy the shares. Should have the filing by the 30th.

[Hooparena]

Well today confirmed someone wanted out of their position. We rarely large trades like this. Let’s hope when the earnings get posted, they will regret their decision to sell and we will be on the right side of things.

[Hooparena]

We just can’t catch a break. Strong market today and someone has to bail.

This being a very speculative company, so we know that there is some risk but with such a low stock price and float, worth a shot.

This company is so unknown but if they can come out with a nice earnings report or some new deal, we could rocket.

I am staying positive but sometimes it is hard.

[rodgranite]

Very strange

This company is so small that it is hard to imagine them having much trouble rounding up numbers.

[Hooparena]

The company just filed that the report is going to be late. Very unusual this report and the last report are late considering how consistent they have been historically filing on time. My personal thought is that the growth of the chocolate division is going well and it is taking more time to file.

[rodgranite]

<fingers crossed>

[Hooparena]

We should get earnings out either tomorrow or Monday if they file on time. Let’s hope it is surprising good.