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Took a small position here this morning at .01
FDA answer by next fall? There is a 6 month turnaround. With Covid we don’t know if they will be held to the 6 month review which would be in February. Very few submissions so we don’t know.
I said this before, I’ll say it again - I’m impressed with the CEO’s story, and with what FDA approval could mean for CHUC, and I considered making a sizable investment in the stock, but then… I did my own dd, which everyone on this board should do as well.
CHUC’s annual sales are $22MM, Net Income is NEGATIVE $2.1MM (even worse, last quarter the company lost $6.8MM). Granted, FDA approval should help the top - and bottom - lines. BUT, since two weeks ago, the company’s stock price and overall market cap have gotten completely ridiculous.
For most of the last twelve months, the company’s stock traded at 2 TENTHS of one penny (a market cap of $30-40MM)… which was reasonable… and gave investors at least some potential upside. The Company submitted its PMTA last September… and likely expects an FDA answer by next fall. But now, out of the blue, for no reason other than the fact that pumpers all over this board are talking about a $.50 price target (which is not supported by any analyst report that I can find… and which would equate to a $14 BILLION market cap!) the stock has risen to ridiculous levels.
At today’s price of just over one penny per share, CHUC is valued at $200Million (10 X SALES)! Come on guys. I like the story and the management team at CHUC. A lot. But I know and you know that today’s CHUC stock price makes ZERO sense. Even assuming (optimistically and hopefully) that FDA approval is granted (which is a BIG assumption), CHUC is worth less than $100MM… which means ½ penny ($0.005) is where the stock should be trading! I am NOT short CHUC. I am NOT a basher. I am simply a student of the market who hates to see so many investors duped into buying a stock that is overvalued by more than 100%.
CHUC...0107...Bullish Pole N Flag Reversal to the Upside setting up here...on the Overbought Retrace...Looking for .05 Breakout...imo...we shall see...
Previous alert ran from .003 to .04 range...
georgie18 ...12/16/2020
CHUC...filled a 1 million starter here from .0028 /003...will add accordingly...
Chart... https://schrts.co/TRyvJZES ...
Loaded more yesterday on that dip. Expecting fda approval by March 1. Filing spooked some yesterday because they didn’t read it in it’s entirety; but was just an extension of an old note. Paying $25k to push it back until feb 15 tells me they may be getting additional financing to wipe this note out to prevent dilution or fda approval before then. . Otherwise why not just let it bleed out ion Jan 1? I saw it as a positive so grabbed more.
I agree. But I will gladly add until the next big CHUC run.
CHARLIE'S HOLDINGS, INC. : Entry into a Material Definitive Agreement (form 8-K)
Yes that guy posted fake news
CHUC Charlie Holdings Company
https://stocktwits.com/cjstocksup/message/274305637
I am planning on doing the same. Adding cheap shares ahead of the next big CHUC run. My other play got all the volume today. It was insane. I have a few pennies and CHUC should be running big soon also.
Going to sleep - I’ll do it tomorrow. Goodnight CJ
I might buy more cheapies because of it
No I meant her on this board. I am asking admin to remove my reply to your post you might want to get them to remove yours. I was super busy with my recent tock flyer so I had no time to check it. It I sad when people post fake news on those sites. Just wait for a real PR from the company.
Don’t want ask Twitter censor community anything - they’ll end up removing me. Lol
You should ask the admins to remove it, it is fake!
I think this tweet was a fake. The guy who tweeted this is not a nice person to say the least.
Thanks. I have had no time to read the 8K. If anyone get's to it looking forward to the DD. CHUC is still accumulating nicely after our massive run to .0461 recently from subs. Other stocks have been getting all the big daily volume as of late but CHUC is due gain soon.
https://www.otcmarkets.com/stock/CHUC/disclosure
Exactly, in am it was .0194 but now held down to .016..
pr from company should establish why this means for the company now and in the future
Great news, expected it to fly , what's holding it ? no pr?
FDA APPROVES MARKETING GRANTED ORDER:
https://twitter.com/longsnoshorts/status/1351515634455220229?s=21
FDA APPROVES MARKETING GRANTED ORDER:
https://twitter.com/longsnoshorts/status/1351515634455220229?s=21
Better positive thoughts on ...hoo..ya finance conversations about it, nowadays better imo.
$CHUC
Jan 13, 2021 - Low 0.0305 - High 0.0496 - Volume 324,807,500.
With 500.000.000 volume we will reach 0.06+ EASY.
1800 watchers Jan 13.
3118 watcher Jan 18.
First spike was only the beginning.
I agree. CHUC hit .0461 last week breaking .05 to .10 ahead soon should be easy.
Short term look forward for .04-.08
#DDAmanda Chart (CLASSIC Insider Play) on: $CHUC :
You can find these before they run:
What the Fact (Factor) Column is:
The Factor is a proprietary indicator used for scanning in #DDAmanda.
It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).
SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.
That's significant, and many times indicates that a run in the stock is coming.
So don't invest. I do not go around posting on boards of stocks I have no invested in.
All those shares are restricted the float is very low. Only a couple hundred million shares.
CHUC !! SCARY...gl
CHUC !! ITS A PROBLEM MANY EYES SEE !! Unreal ....
CHUC !! EXCUSE ME GREAT INVESTMENT !! Please cj i have know you for years why is this a great investment ? 19 billion o/s that tells me if they decide to dulute it it goes to .0001 i guess i dont understand the share structure maybe you or somebody could convince me this is a good share structure . Otherwise i will in no-way support such company or is it a share selling scam ? ty i know your a type a person that tells you strait ......gl
CHUC Charlie Holdings Company
https://stocktwits.com/cjstocksup/message/274305637
I agree. CHUC is a great investment stock.
For me I’m in until at least the FDA approval which would make this company one of a handful of companies in the USA that can sell their products legally. Very little competition which makes this a long hold to a dollar. FDA approval will take up to 6 months from time of application submission which land in February. Obviously, it can happen at any time.
I agree and any dips have been great places to add. Next week CHUC should move over .05 IMO.
I agree with that. It comes down to a political decision w.r.t. whether regulators want to drive vaping underground. Just as many states are legalizing cannabis ...
Huge for Chuc; fda update from yesterday: https://www.fda.gov/news-events/press-announcements/fda-warns-firms-remove-unauthorized-e-liquid-products-market-first-letters-issued-manufacturers-did
If they don’t get approved, no one will. They are the first to submit their application with clinical trials. I believe the only one. Everyone else just had literature on scientific data, not human trial data. So if they don’t get approved, this vape market is dead. That is why the percentages are ultra high Chuc gets fda approval to move to market. And my guess is before Spring.
They’re real. I visited the management at their offices. If their PMTA is approved, they will gain significant market share in a growth industry. Also, the margins are great.
When FDA approves then .50+
That rev is why otc has them registered as penny stock Exempt status. Ive never seen that before. But then again, I don’t buy a lot of pinks.
There’s a $750k note with Red Beard that expired Jan 1. I think the last of this dilution is what we are seeing this week if it wasn’t restructured again. $750k is nothing. It should be near done soon which is why it’s not over .02 steadily. Soon.
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