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i know that steep hill had an agreement with them that went sour and it is also my understanding that the reason steep hill went with the agreement was to possibly go public thru them
Just don't know the size of the CDEL liquidation wall. If its a note, there's a lot more than 15,000 waiting to go. Interesting but frustrating being stuck in limbo like this.
What does anyone know about this company Digipath and how will it effect Evio? https://www.cannabisindustryjournal.com/feature_article/digipath-expands-to-california/
You got that right; 15,000 shares stacked up on the bid wall.
https://www.otcmarkets.com/stock/SGBYD/quote
* I think we have nothing to worry about, IMO.
Because there is no guarantee that prices will move higher. They have a profit target and that is their goal. Their preference is to find a level of strength and sell into that. Therefore they get off volume without further crushing the price. Remember- the goal of a note holder is to get their money back out and an acceptable profit that satisfies the risk/reward parameters of their investors. They are not speculators. If they make their investors lets say 30% profits, then those investors and many more will invest with them next time they want to write a note to a company like EVIO.
You read right, IMO.
OBV is my dilution canary in the coal mine. It also tells us when registered shares are being sold like Form-4 "D" of a 5% holder or shares becoming unrestricted and being dumped.
OBV calculation.
http://stockcharts.com/school/doku.php?st=obv&id=chart_school:technical_indicators:on_balance_volume_obv
What I don't understand is why cdel doesn't wait for share price to move higher. Would they not make more profit.
This is a bit hi-tech for an old timer but if I get your gist, there could be a lot more dumping coming. If I read you wrong, please advise. Also- I measure all technicals for a penny like this with a little skepticism since openings and closings are so often painted.
As always, thanks for your efforts.
A lot of accumulation at .82 lately. Just an observation. Hopefully we can hold until some good news comes out.
Gotcha so CDEL could very well be retail selling.
Really the only MM i know of is VNDM.... 99.9% it means a big steaming turd of toxic note dilution.
There will certainly be some dilution on this one but I don't see any on the docket near term. We know about $1M worth of notes were put on the books but they are due quite a ways out.
Not sure if WW plans on raising funds in another fashion to squash those notes or just let them convert. Either way it'll cost shares but I would prefer equity financing of some sort as the notes must typically be held for 12 months.
Most of the brokerage firms use several mm's. I've seen my orders (through TDA) be routed to NITE, ETRF, CSTI, and many times to CDEL. So its hard to tell much. Finding out the current O/S count and comparing that to the last Q or 10K would be helpful.
CDEL has been selling for months on end. The only thing I could think of was a set of large shareholders from last year.... potentially even converted notes from last year cashing out on LTCGs.
I don't know which brokerages use CDEL. I know scottrade uses NITE but I don't know a whole lot about MMs.
I'm just trying to figure out the CDEL relentlessness. It can't be just a large shareholder. The notes issued last March had a six month hold and so it makes a little sense that they are cashing in these days. As I said, its just a guess. If I had to further guess as to cost basis - and this is a rough one that I don't want to explain because it is so rough- I'd guess an adjusted cost to the holder of around $0.60 perhaps. So liquidating at anything over $0.80 is a pretty good profit.
Problem with this guesswork analysis is that with this low volume environment, it could another month for them to be done. Good news is that they won't sell at a loss so maybe there is a floor not too far below here.
GLTA.
I don't believe that recent dilution is the case here. I'm going to email pacific here we'll see if they get back to me.
Do you know what those shares were sold to them at?
Here's a theory: There are $500,000 worth of notes due in March,2018. I believe that by provision, they have been eligible for conversion this month. My approximate calculation is that it could be around 1.2 million shares (post RS). So, if I knew how many shares CDEL has sold in the past month and then assumed (very rough technique here) that say half of those sales represent the dilution sales of the note holder- then I would have an idea how many more sales they have to go.
Idle minds need things to think about. Anyone wish to jump on this is welcome.
GLTA!
Currently you are so correct. Would be nice to know how many shares are really available and if this is the floor. Personally IMO their is a lot but who knows it could be mm's exchanging shares with themselves luring in the weak hands to sell. Currently not a clue.
Status Quo: You can buy as many as you want @ .84 or sell as many as you want @ .82 The occasional false break (like on closes) just to send shivers up your spine.
GLTA!
No problem. I keep forgetting myself with old age creeping up on me.
Lets hope the CO lab is working on getting accredited as well.
Thanks ford
Yuma City Lab test for:
•Visual Inspection and Foreign Matter Screening
•Cannabinoid Potency
•Terpene Testing
•Pesticide Testing
•Solvent Testing
•Yeast/Mold Enumeration
•Bacteria Screening
http://www.eviolabs.com/sacramento-valley.html
PhytaTech in Colorado test for:
Potency/Cannabinoid Profiles
Residual Solvent Contamination
Microbial Contamination
Pesticide Contamination (R&D only)
Heavy Metal Contamination
http://phytatech.com/Test-Pesticide.php
Does anyone know if yuba city is accredited for pesticides? Colorado?
Exactly. We will not see anymore PR’s until then.
Get cheap shares while you can.
Once the name finally goes to EVIO, that’s when the pr will start rolling. The interest will build and the pps will climb imho
Hope ur right but you do realize their was (1) trade end of day(1,000 shares) for .90 and the rest of them were .81-.84 GLTA
Your right about the 80s, looking like
we'll be closer to 1.00 plus
it looks that way... sad
This chart is depressing.... four labs in Oregon and they all suck, because they can't test for pesticides. Meanwhile, the management of the competition seems much more capable.
http://www.oregon.gov/oha/PH/LaboratoryServices/EnvironmentalLaboratoryAccreditation/Documents/canna-list.pdf
It's only 2 more trading days. Says October 3rd.
i think we have had panic selling already and a lot of pumper are gone but they'll be back soon
May not hold the .80's for 2 weeks. If we do not it could cause some panic selling. Where she lands nobody knows. Really not sure I would even buy then unless we get equipment certs.
Hopeful that with next weeks ticker change and official share reduction there will be some interest brought back and possible updates on fiscal year ending revenue.
nothing to say really steven .im hoping to get some updates soon
We need some updates WW. Another lab acquisition along with equipment cert would probably do the trick reversing the PPS. Looks like the board is officially dead with no post in 15 hours.
Your way out there my boy, WW has already addressed
these issues, go back to the CC and relisten
to what WW has said, your way off,
Yes the revenue is a problem. With that said we have new labs that will address the revenues plus the equipment cert alone adds $250K a Q. Sorry but WW has already addressed this issue. The 2 current issues are 1) equipment certs 2)the fed stance with the AG
PS Revenues are poised to go up 50%+ for the new fiscal year. GLTY
The greater problem from pre r/s has not changed the revenue base which was too low to support the share price pre split and remains to low (more so) to support the post split and that is likely the reason the share price is dropping. In time it will be just as low as it was and bs will not change that. I think WW knows that.
I thought the whole idea of the reverse split was to get out of penny-land? It seems like we are now in dollar land, but the same MMs are here, screwing up the market.
Thanks for the clarification.
If you have access to Level 2 quotes you can see the best bid and offers that they want to broadcast by each of the mms(only shows the best on their books, not the rest of their orders). You can not tell anything more than that. All retail customer orders must be shown as long as they are of the minimum volume standards for each exchange (mostly depends on the share price). An institutional or private client order or an order for the mm (and these are so much less than people think)can remain hidden.
There is no way to no for sure when a mm is finished with a large, say maybe a liquidation or dilution, order. Sometimes they lay back and let the market breath so they can smack it again, sometimes they are finished. As I said, its their world and we just try to get through it. Trade volume is always the answer to mm manipulations.
GLTY
Noob question: how do you determine a mm is in play and how do you know they are done? Are the selling for a seller or their own?
Thx
I've got a bid in let's see if it fills today $SGBYD
It's CDEL's world and we're just passing through it. Very annoying but that's life in the pennies.
if already long and want to add better to add above support for reverse than wait to help it go under when new peeps can easily buy lots of shares lower than your average..of course it all depends on the chart engineers.
the company reported 1.5 million dollars in revenue in their Q1 2017 financials for last year’s harvest season from four analytical laboratories testing cannabis samples in Oregon.
Totally false. They have done $2.2 Mil for the 9 months and probably do around $3 Mil for year ending 2017. Everything else appears in order.
Great article BC. Thanks for posting.
thank you for posting it.... soon a lot of money will come our way,no dought
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