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Satori Resources HALTED TODAY
http://tmx.quotemedia.com/article.php?newsid=66689072&qm_symbol=BUD
i think my money is gone
dam...that's shitty
i think .04-.05 looks right for the bottom. i've been reading on our ceo. she sounds like a bulldog, hopefully she can work some magic here. it'll be fun for me either way. i'm casting a wide net on many weed plays and so far the gainers have been much better than the ones i've had too stop out on.
Indeed, without news i think it will bottom around .04 or .05 before a next leg up... looks like too many daytraders got on this early imo.
we shall see I suppose..
very nice trading on this today in canada... strrf is churning here... sleeping giant i think.
I know..Just being difficult..its going to go where it goes. refer madness seems to be in a lull so far this week
oh comeon its harmless banter.. and at least im honest and not bashing like most of ihub. i have a starter here but yes i would like to bring my average down below $0.10... go BUD :)
How about hoping the price goes up instead of down...How would that be for a though?
didnt get a shot at single digits... maybe later his week... im buying under .08
Im experimenting here with 20K shares I have 10K up for sale at .11 now just to see if it sells and it hasn't. This one here reminds me of a stock I once owned, it said I made a ton of money but it was hard to sell it took days, Just saying our other play is liquid.
The same 2 big buyers who were buying all week in Canada are loading today, they are making a bigger move IMO.
selfishly i hope they panic sell this so i can load up in the single pennies...
Definitely a swindler on board this a.m. on the TSX.V. Bids have been increasing in price and size since I first looked 45 mins ago, but still a monster sell at $0.09:
Level ll Quote
Bid Ask
Price Size # Orders Price Size # Orders
$0.135 47 5 $0.09 1174 1
$0.13 3 1 $0.105 22 3
$0.12 330 7 $0.12 139 1
$0.115 440 8 $0.13 33 2
$0.11 409 14 $0.135 60 2
$0.105 265 7 $0.14 132 2
$0.10 330 5 $0.145 170 3
$0.095 126 4 $0.15 274 8
$0.09 200 7 $0.155 240 5
$0.06 8 1 $0.16 80 1
nice to see you here SA... i started a position here on friday myself... not a huge position but very interested to see where this sits a month from now... if this drops today on the injunction news i will buy more. Im hoping this makes a big run and i can put the profits into more attbf lol.. GLTY
I picked up 10000 shares in the .09's the other day its performed well, I wonder when they'll take it off the grey and give it a pink current. It's not like its some BS company, LOL; its listed on the TSX.
looking red this morning...The injunction, though good may be off putting for some folks looking for exclusive big businss coup in the canadian weed market..
T
Risk not, want not
are you kidding, this is the grey markets and people here are buying?
$STRRF
Head Office
Satori Resources Inc.
401 Bay Street, Suite 2702
P.O.Box 86
Toronto, Ontario M5H 2Y4, Canada
Tel: 647 430 0966
Fax: 647 430 5676
Email: jennifer@capexgroupinc.com
Auditors
MSCM LLP
8th Floor, 701 Evans Avenue
Toronto, Ontario M9C 1A3
Tel: 416-626-6000
Fax: 416-626-8650
Listing and Symbol
BUD on the TSX Venture Exchange
Transfer Agent
Equity Financial Trust Company
200 University Avenue, Suite 400
Toronto, Ontario M5H 4H1
Solicitors
Getz Prince Wells LLP
Suite 1810 - 1111 West Georgia Street
Vancouver, British Columbia V6E 4M3
Tel: 604 685 6367 / 604 685 6367
Fax: 604 685 9798
Key Contact
CEO: Jennifer Boyle
Email: jennifer@capexgroupinc.com
Cell: 416 904 2714
http://www.satoriresources.ca/corporate_directory.php
it's certainly moving fast... dont blink! STRRF
... thanks for the info
$STRRF - Hola liodog! I love the idea of re-opening the Flin Flon mines to grow again!
Satori owns 100% of a mine not far from a Hudson Bay Mining and Smelting facility in Flin Flon where government-contracted mine-based marijuana grow ops supplied around 20% of the regulated Canadian market before they were shut down in 2009.
As far as Mr Walters, he is the man of the moment! The man with the golden touch! Every company he is involved with is going up! He even turns $hit green!
What a great person to have as a special advisor whom is a senior management consultant to private and public companies within the mining and agricultural industries, and specializes in due diligence as it relates to a variety of consumer and agricultural products, particularly in relation to Marijuana for Medical Purposes Regulations (MMPR).
He has great contacts and partners world-wide so it was a no-brainer for us to give him 500,000 stock options exercisable at $0.05 per share for five years.
Im in it for the big money!
glta
what do you think about this one wlm? know anythingabout this walters fellow?
I love these guys who open an etrade account and think they know the game. Education is not free, once you've been to a few rodeos you will find that out.
LOL! That's funny fiction!
I got in at 2 cents and out at $2, if you were stupid enough to sell when guys were trying to shake out shares, that's not my fault dude. No one held a gun to your head to sell.
Investing in marijuana this year? http://thetradersdigest.blogspot.ca/2014/03/who-uses-medical-marijuana-people.html#links
Should be an interesting two weeks...And then the future could be unbounded...
Listen to myself? Yes I did and I still do. Did you? I don't get your question. Lol.
im having a hard time linking the withrow connection. please link me.
thanks.
:)
That one sounds a little too swoovely to me.....
Then jump on hysyf and hope a mj company buys it, same ceo as attbf right now
I don't disagree but I am searching for the pennies to dollars levels....can't get them all...GL...
too late for attbf?? i am still buying any dips .... i got in early but if not, i would still be interested. it is a monster!
I agree...by the time I saw attbf it was too late...hope to catch lightening here...
I agree...by the time I saw attbf it was too late...hope to catch lightening here...
ATTBF is a heavy hitter and will continue to be imo. This STRRF here is so far a big unknown although with the SS here any substanctive news can send this one flying too... jmo
The question is did you listen and miss it....
Aren't you the same guy that told me $AATBF was worthless st .05. Your DD is worlthless!!!
They will just miss it. The key casting a wide enough net to just be in at least one that hits....
I was reading on some Canadian chat boards and it seems posters don't really know what are sitting on, It seems larger group are trying to fish out the weak sellers with broad fear mongering tactics. Some even try to claim the whole marijuana movement is a hoax lol.
Some people never open their eyes to the world around them I guess.
Interesting...in general...would have been great to get a direct mention but a rising tide is good
Canadian MJ Article.
MONTEVIDEO, Uruguay — In about a month, Uruguay’s revolutionary new cannabis law will go into effect. In addition to allowing citizens to grow, buy and sell weed, the government will also set forth on its mission to grow its own fields of marijuana, which will then be harvested, taxed and sold in neighborhood pharmacies.
At least, that’s the theory.
But growing weed takes a while. Cultivating fields of it, figuring out how to keep the fields safe from poachers, harvesting vast amounts of cannabis, packaging it, taxing it, distributing it and selling it take even longer.
Long story short: Uruguay’s government is not going to be producing much of its own cannabis any time soon. So, where is the official stash going to come from in the meantime?
Maybe Canada.
According to senior-ranking officials in the ruling Broad Front Party, including Sen. Lucia Topolansky, who’s also Uruguay’s first lady, Canadian medical marijuana producers could provide this tiny Latin American nation with a stopgap until it figures out how to grow and harvest its own crop.
“To start with, we will have to buy cannabis,” Topolansky said in an interview last week. “I think that we’re going to buy it from Canada, because that’s where the best quality is.”
Image: Uruguayan Senator Lucia Topolansky ALVARO SALAS / AFP - Getty Images
Uruguayan Senator Lucia Topolansky's comments suggest she's a fan of Canadian cannabis.
To be clear: This is still just an idea. Neither country has announced a deal to ship pot from Vancouver to Montevideo. A spokeswoman for Health Canada wrote by email, “There are currently no plans to encourage the export of cannabis to Uruguay or any other country.”
But could it happen?
Well, it’s complicated. Let’s take a look at four key questions.
1. Does Canada have weed to sell?
In short: Yes, but not a whole lot — yet.
Under Canada’s latest medical marijuana laws, there are about 10 companies currently licensed to grow pot. Marc Wayne, president of Toronto-based Bedrocan Canada Inc., one of the biggest suppliers, said the companies are struggling to meet demand inside Canada.
The Canadian law governing medical marijuana has a provision that allows the government to issue export licenses to growers. However, the authorities will not start issuing export licenses until they're satisfied Canadians have access to all the pot they need.
“There won’t be any export to Uruguay, or anyone else, any time soon,” Wayne said.
2. Is marijuana import and export economically feasible?
In short: Probably not, at least not from Canada to Uruguay.
The Uruguayan government has announced a lofty goal to sell cannabis at $1 a gram. That’s the price point at which it will be competitive against the black market, national drug czar Julio Calzada has said.
On the streets of Montevideo, poor quality pot, most of it from Paraguay or Brazil, currently sells at about $100 for 25 grams, or about $4 a gram, according to research by Insight Crime.
In Canada, weed is much more expensive than that. Currently, a gram of medical pot sells for a minimum of about 7.60 Canadian dollars a gram (about $6.80), said Steve Thomas, general manager of the Whistler Medical Marijuana Co. His company’s cannabis, which is grown organically, sells for about CA$10 a gram (about $8.95).
Once the cost of shipping and jumping through regulatory hurdles is taken into account, it probably wouldn’t make sense to export to a country like Uruguay, where disposable income is low compared with more developed countries, Thomas said.
He said his company is certainly eyeing the export market, but he’s looking at countries with higher incomes, such as the Czech Republic or Israel, as possible targets for growth.
3. Is shipping marijuana actually legal?
In short: Kinda.
There’s no easy answer to this. Two shipping lawyers GlobalPost contacted both explained that shipping marijuana is illegal under different United Nations conventions on transporting narcotics. But one company, Dutch-owned Bedrocan, is already shipping cannabis as a pharmaceutical.
The Canadian government has given permission to Bedrocan BV in the Netherlands to ship cannabis, via a government agency, to its Canadian counterpart, Bedrocan Canada Inc. The shipments have also been approved by the UN’s International Narcotics Control Board (INCB) in Vienna, said Tjalling Erkelens, the owner of Bedrocan BV. The UN body approves a certain amount of narcotics for each of its member countries to import and produce based on INCB estimates of need. (The INCB didn't immediately respond to a request for comment sent Wednesday.)
Any company in Canada hoping to export cannabis to Uruguay would need permission from both countries’ governments, as well as approval from the INCB for Uruguay to import cannabis, Erkelens said, adding that the INCB has already said it’s not happy with Uruguay’s marijuana “experiment.”
4. How would the pot get to Uruguay, and would the US intervene?
In short: Probably via a small boat, and probably not.
First, logistics: If Canada’s growers were to export weed to Uruguay, they’d likely use converted fishing boats or smaller vessels rather than big container ships, according to Craig H. Allen, a professor at the University of Washington School of Law who specializes in shipping law.
That’s important because a smaller boat would have to stop at least once on the way south to refuel, Allen said. And that means Uruguay and Canada would need the cooperation of a third country, probably a Caribbean island nation, he added.
Landing a vessel full of cannabis at a US port would almost certainly result in seizure of the vessel, said Tina Loverdou, a lecturer in shipping and insurance law at Queen Mary, University of London. That could pose a problem for a boat that hit bad weather or other trouble on the voyage south.
“If the ship was in major danger and needed refuge, the third country might say ‘you can’t enter my territorial waters,’” Loverdou said.
If the shipment was legally sanctioned by both Canada and Uruguay, the legal experts say it would be unlikely for the United States or other countries to intervene if the ship stayed in international waters.
As for quality: Keeping weed fresh over long distances isn’t a problem, said Mark Kleiman, public policy and marijuana expert at the University of California, Los Angeles. Even newly harvested cannabis would stay fresh over a weeklong journey south, he said.
In conclusion:
There’s a legal framework out there to ship cannabis from Canada to Uruguay.
Theoretically, licensed Canadian pot producers could get to the point where they have enough excess weed to sell it south. But the economics would probably get in the way, with companies having to jump through legal hoops, only to export a product to a country at far higher prices than the weed already available there.
Kleiman, the UCLA professor, said it’s much more likely that Uruguay ramps up its own production long before the international pot trade grows into a viable model.
“The Ministry of Agriculture just needs to put up a greenhouse today,” he said. “Marijuana is a cheap and easy crop to produce.”
This story originally appeared at GlobalPost.
More from GlobalPost:
Ukraine Needs Money, Fast
Why the World is Worrying About this Not-So-Precious Metal
Thailand's Upcountry is Preparing for Civil War
http://www.nbcnews.com/news/world/uruguay-canada-sell-us-your-best-quality-cannabis-n57656
That is pretty bad...At least this one has a frame of reference since it tracks BUD.V...
Jeez that is ugly. I am going to gamble with a little bit of cash and see how it goes. Crossing fingers here.
Great call Mr. Schmid! Looking great here.
really tricky i had a bid on HYSYF all day at .03 got zero.So at the end of the day i moved my bid to .05 got-em ....lmao Then look where it closed !! Right after my buy they took it to .0001 funny chit...
Huge short with this kind of volume?
Sounds like there may be a huge short position growing on this story. If news pops out Monday look out.
Are you not able to get into the TSX or TSX.v (or even CSE) from the US? I access all CAD and USD markets through one of my discount brokerages. In another I can even access Hong Kong.
Now I got you...somehow we need to get that kind of attention statetime. Maybe they need to get off the greys...
T
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400
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02/10/14
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