Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It is certainly interesting, and a bit sad. The Akerna thing is wild, and I don't see them holding on, just my take. Their entire cap is ~15M, they have what 20M is notes due soon and the current drop happened BEFORE they reminded shareholders of an upcoming split (their last press release I can find). I have to assume some really poor leadership on their behalf as well as at Forian. BioTrack, Forian's cannabis arm, has won multiple government contracts and converted some medical only into recreational markets, further expanding a foothold. Barely any mentions and zero company hype, despite what records show as positive growth at the company level. I'm holding on because of where I bought in, I'll be at a great enough loss anyway so riding for shits and giggles.
Hi. I don't know who is left. I haven't forgotten about it. I see that an analyst slapped a buy rating here with a $9 target a few weeks ago. Still very high p/s but stock is much higher than KERN, which just had to be eventually. But both dropped significantly.
I'm going to sit out longer, but they do seem to have a great growth rate and some cash. In this bear market, there are some great baragains out there, and I want 1,000 shares of QSR and a few other things. Can't grab this opportunity yet, but I haven't forgotten...
I noticed this forum seems to have somewhat dried up. I'm curious if things are about to shift in Forian's favor. In the last several months they seem to have won 2 more government contracts. I see metrc just won NJ, but it looks like their Biotrack arm has won the Florida and Connecticut tracking contracts. History seems to indicate they also gain a majority of the market share in areas they also do the gov side, so that's looking better. I ignored my shares and didn't prepare for such a plummet, so I'm looking to any good signs. :)
So now fora and mnmd are partnering in psychedelic therapeutics.
I would love hear some comment from some knowledgeable experts
Looks like mnmd has a billion dollar cap and no revenue??
Regards
It wasn't an RBC analyst who asked that first question. It was a financial advisor from RBC's wealth management group. It was kind of funny though that the first question was from anyone RBC related.
Transfer Complete
Buy 1000 CHMI Executed @ $9.1093Aug 16, 2021 10:08 AM ET
Sell 1000 FORA Executed @ $10.1077Aug 16, 2021 10:07 AM ET
That kinda hurt. $2,000 down the drain for no reason, but it's all my fault. Again, nothing bad to say about FORA. I may be back.
I'll definitely keep this on my radar. I just wish it had an options market. That would make things so much better. Maybe in the future it will. I'd like to reserve a price that way.
CHMI is just a REIT that has a really good yield, and if interest rates slowly climb over the years, I think that will be good for them. But with the bond market seeing deflation fears, and the stock market worried about inflation, I don't know what the future holds.
I also wish we had analyst coverage like KERN. KERN just recently got a buy rating with a $7 target price. And they have an options market. In best case scenario, I'd love for KERN to come up to meet FORA so I could transfer KERN to FORA.
We'll see what the future brings.
A Transfer
I tempted to move my 1000 shares of FORA over to a buy of 1000 shares in CHMI. I just like that REIT. It is down with FORA and had a tough year recently. But it has a great dividend yield.
I don't have anything bad to say about FORA. I'm just liking the value of CHMI better and want a REIT. Wouldn't mind taking a little tax deduction here at FORA. I'm welcome somebody to talk me out of that.
I could be back. I really love everything I have. I just can't have everything I want yet. I also don't ever want to be a landlord again in the foreseeable future. I like the prospects of a no-maintenance good income stream from a hybrid REIT that's small like CHMI. And I slowly want to build that REIT up to $100,000 eventually. CHMI has less units and more everything else at this time.
It seems like FORA still has a lot of work to do to catch up to their valuation. They didn't really sound all that confident about our HLIX software between the lines to me, but I apprecaite this mgmt. honesty. I prefer honesty over telling me what I want to hear. It just sounds like they see a very competitive landscape, and our sales are still low for this market cap. Insiders do seem aligned now, and I don't know if this is the best decision. I just feel like CHMI is calling my name right now. I can't think of anything else I want to sell right now.
That's great! Honestly, I haven't even begun to look. I've been so distracted wtih other things. Work. Earnings released for TAST and NROM -- both yesterdya as well. And ARCO the day prior. I haven't read ARCO's conference call yet. Work has me swamped!
I need some time tonight or tomorrow morniing to sit down and just digest it all. FORA is fun. It's not even that maerial to me one way or another. Whatever happens, happens! It's interesting!!!!! I just like having 1000 shares here as my Cannabis space.
And that's very good that RBC is even interested. Just interest woudl have been enough, but as a shareholder, that's just icing on the cake. I'll have to read it later.
I've been buying up TAST today 3,000 share between two brokers bought today. Making that 6,000 total for me! Special one-time dividend of 41 cents announced. Margin compression, POPEYES comps down, missed revenue and earnings expectations, etc. etc. But analyst lowering targets with BUYS.
I love over-reaction in the market place! And I'm subtracting my .41 cent dividend mentally from my purchases today.
Now my margin debt is up to $37,000 on my Etrade acct. I don't know how Whatsup is going to pay for this. I'm starting to worry he's a bad account.
The first question on the earnings call was from a RBC analyst! Commenting positively on the Company’s progress
Go figure!?
Not that it matters but since earnings release is tomorrow I was looking on Yahoo Finance at FORA (Forian) to see a list of institutional investors and I see the Royal Bank of Canada owns 6,748 shares of Fora.
So maybe RBC buys all FORA stocks? (Toronto and Nasdaq?)
I’m very uneducated on these matters but I’m curious And long Forian!
Best regards to all
KMP46
Thanks for clearing up the confusion, UH. Too bad. It threw me for a loop too.
Thank you for the clarification
Best regards
The RBC coverage and price target referenced is not on Forian. It is on Vertical Scope Holdings which trades under FORA on the TSX.
Dear NobleRoman,
Thanks for your perspective! As usual I’m holding my position. You know my basis more or less….
Looking for a move in the second half and as you know I don’t trade.
But I’m enjoying the ride-
I think that these folks know what they are doing!!!
We will see
Best regards
KMP46
I'm revisiting our persecutory analyst friend Alan today. I said this at SA:
@Ted Ohashi @Alan@Alan Brochstein, CFA
Alan, will you be attending the FORA conference call on August 12?
NEWTOWN, Pa., July 22, 2021 /PRNewswire/ -- Forian Inc. (Nasdaq:FORA), a provider of software and technology-enabled services for the healthcare and cannabis industries, will announce its financial results for the three months ended June 30, 2021 on Thursday, August 12, 2021 after the close of the market. The Company will host a conference call at 4:30 p.m. (ET) on August 12, 2021 to discuss the results.
This is HLIX that I brought to you and Ted to look at when it was coming through an empty shell. I said look at the evidence please. Now they are FORA and on the NASDAQ. And they didn't get there by shady means on a SPAC like your #6 recommendation that's "not a recommendation" on #6 in this article.
ed was very polite. Sadly, however, he didn't want to look. Instead, he took a trip to South America to look at KHRNF which is now 24 cents, an all time low. How much time would it have taken just to look, Ted? You could have opened your laptop in the airport lobby.
But you, Alan, chose to belittle for no reason. You said "we (speaking for Ted) don't look at companies that don't report with the SEC." Then they reported on the OTC and you called it "third grade accounting." Yet, you follow Jessica around at KERN like a schoolboy crush. She placates your questions and yet the stock is in the gutter.
Don't you think it's time to grow up and seek truth? It's more important to be right than it is to be not wrong. The Royal Bank of Canada has just issued coverage with a $31 price target for NASDAQ.
Third grade accounting my #$#. I do remember you asking, just how are they going to acquire BioTrack? If you recall, my answer was high finance. Over your head?
Link: https://seekingalpha.com/article/4357282-cannabis-investors-may-be-overlooking-this-part-of-market
I get tired of arguing with the vacuous all the time. It's like talking to walls 24/7 over there!
The die has been cast:
1000 shares:
07/15/21 13:20PM EDT Buy 29 PCYO Executed @ $13.77
07/15/21 13:20PM EDT Buy 38 PCYO Executed @ $13.77
07/15/21 12:59PM EDT Buy 1 PCYO Executed @ $13.77
07/15/21 12:57PM EDT Buy 1 PCYO Executed @ $13.77
07/15/21 12:43PM EDT Buy 1 PCYO Executed @ $13.77
07/15/21 12:42PM EDT Buy 100 PCYO Executed @ $13.7699
07/15/21 12:42PM EDT Buy 10 PCYO Executed @ $13.76
07/15/21 12:42PM EDT Buy 100 PCYO Executed @ $13.767
07/15/21 12:42PM EDT Buy 100 PCYO Executed @ $13.7699
07/15/21 12:42PM EDT Buy 100 PCYO Executed @ $13.7699
07/15/21 12:42PM EDT Buy 100 PCYO Executed @ $13.7699
07/15/21 12:42PM EDT Buy 5 PCYO Executed @ $13.7699
07/15/21 12:42PM EDT Buy 100 PCYO Executed @ $13.7699
07/15/21 12:42PM EDT Buy 100 PCYO Executed @ $13.7699
07/15/21 12:42PM EDT Buy 5 PCYO Executed @ $13.7699
07/15/21 12:42PM EDT Buy 100 PCYO Executed @ $13.7699
07/15/21 12:42PM EDT Buy 100 PCYO Executed @ $13.7699
07/15/21 12:42PM EDT Buy 10 PCYO Executed @ $13.76
That's $24,000 in DEBT now. I actually find this WATER utility company more interesting than FORA. Both small caps, but PYCO is really really interesting. Real estate company in disguise. Selling the water! Now I'm in everything.
Somebody has to pay for my debt. Probably NROM will, but I sill think YOU, Whatsup, should pay! For all your transgressions and falsehooods and bad behavior on our conference call, and negative aura!
I want you to go home tonight and think positive thoughts. It'e never too late to change! You don't have to be a negatron all your life!
So, I have a feeling the show is going to start "soon." Hopefully before Jesus gets back. I want over $30 by end of year.
Actually, make that one more thing:
I need to buy 1,000 shares of PCYO tomorrow:
https://www.purecyclewater.com/
I'm tired of waiting for that price to fall. There was indeed just one more thing I wanted to buy. But that's all I need!
That will push me into debt further. I'm putting that on Whatsup's tab too.
Okay, this is for you, KMP:
Buy 1000 FORA Executed @ $12.5651Jul 13, 2021 3:38 PM ET
I'm taking a $1,000 "loss" and charging it to Whatsup. Somehow, and I don't know how yet, but he's going to pay for that. I made $1,000 and then just lost $1,000 by coming back in at $1.00 higher than when I left. So a big FORA wash.
Let's hope we go to $30 and above; otherwise, I'm also tacking on extra penalties to Whatsup's tab.
Rough day today. Everybody is down except for FORA. Now I have NOTHING I want to buy. Everything is in the oven and baking. And I'm also in debt now. Pure FORA debt. Once again, somehow, Whatsup will pay for that too!
Dear Noble Roman
I read your narrative with interest
This a repost from June
https://www.americanbankingnews.com/2021/07/13/forian-inc-nysefora-director-purchases-12935-00-in-stock.html
Stay tuned
Best
Oh my gosh! Thanks for the heads up on that, KMP. I think I'll just bite the bullet tomorrow and go $12,000 in debt. I spent all my $120,000 in less than one week! As noted here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164861884
All my cash up in smoke! Back in debt if I buy FORA. So be it! I'm coming back in. HOLD THE LINE! I'm missing the show thanks to Whatsup. He can't even hold my place in line. I'm not sure what contribution he's making.
Dear Noble Roman
$31 price target!?
https://www.americanbankingnews.com/2021/07/09/royal-bank-of-canada-begins-coverage-on-forian-nasdaqfora.html#!/history
You know my views
I continue to watch patiently
Best regards
LET ME BACK IN:
I just put a limit order in for 1,000 shares at a price of $11.27.
My time stamp on this post I'm referring shows I left at $11.28. Dang it, Whatsup! I told you to hold my position! I don't think I should pay a penny more. In fact, I should pay a penny LESS! For making me miss the commercials.
I just made $120,000 in profit on NROM this morning. Time stamped here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164802002
Ooops, not NROM. That one is up only 100%, but it's coming too. As I always said. THE CHINESE LADY THAT CAN'T GIVE BIRTH didn't give birth. She was actually fired. But today, a man gave birth! And they say men can't give birth... I bet to differ. Caie was relieved of her duties by this man. Thank you! I like people that WORK!
FINALLY. I've only been accumulating there for 10 years. Sheeze!
Now, somebody give me my FORA back!
May take a little longer.
I'm being delayed at Blackberry. I'm going to allow 1,000 shares to be put to me tonight so I can go long Monday with 2,000 shares. As I explained to my nemeses in another forum:
-------------------------
SPECIAL ANNOUNCEMENT:
Estimated commission
$20.00
Estimated proceeds
$2,479.39
I'm RIPPING my contract up with bears. And I have extended our terms to put 2,000 shares to me at $12.50 6 weeks out to August 6.
Buy 20 BB Jun 25 '21 $12.50 Put Executed @ $0.6Jun 25, 2021 10:56 AM ET
Sell 20 BB Aug 06 '21 $12.50 Put Executed @ $1.86Jun 25, 2021 10:56 AM ET
MORE EXTORTION money. Thank you. Another $2,500 NET proceeds. I'll throw $500 of that into escro for taxes and make it a cool $2,000 for easy math. Bringing my avg. cost down to NEGATIVE ($34).
But, I'm going to let you put 1,000 shares to me at $14 today, bringing me up to 2000 shares long at NET average per share cost of NEGATIVE $20. (-34 cost on 1000 shares plus 14 cost on 1000 new shares) == That's 2,000 shares that bears have PAID ME to take the course of my BB journey. And YOU paid for them. 2,000 UNRESTRICTED shares on the house! NEGATIVE ($20) cost per share -- new cost average.
Thank you very much. Been a pleasure serving you!
-----------------------------------------
Whatsup YOU'RE FIRED! Again! I'm firing you a second time. You did a terrible job a holding my place here. I'll be back!
Oh, and NROM is up 100% this week. That's because truth always comes out in the shake They hired a professional IR man. Looks interesting. Some DD on that in another forum as well. If that goes to $1.40, I'm going to cash in with a $100,000 in profits and put 1000 shares back here.
So, HOLD!!!! Do NOT leave without me. I'll be back! That too is the truth. IFF you hold my place in the line. I don't think I should have to pay higher. That would not be fair. Or, at least, it wouldn't be prudent. Well, maybe it would be fair and prudent. But, just hold the movie please.
WHATSUP, you're fired a third time! Just because!
I'm in a war with shorts! :)
I probably should haves stayed put here, but FORA is not marginable. Wish it had an options market.
This week, it's possible that I'll have 3,000 shares of BB (Blackberry) put to me: 1,000 at strike $14 and 2,000 at strike $12.50. That would bring me up to 4,000 shares of BB at an avg. cost of $2. That's actually my best scenario.
But if it doesn't happen, I need to decide if I come back here or extort more money from my mortal enemies. That decides on FORA's price. I need to come back in at same price I left or lower.
I'm playing with fire, obviously. Living life on the edge here! At least my movie is full of action. I just want this show to start. BUT NOT YET. Can you roll some commercials first? Wait for me!!!
Sitting tight
Russell here we come!!
Sorry, I'm on extended leave:
I'm in a bear fight, so I need a two-extension please. Hold down the fort. Don't let the stock go anywhere. I'm still using the FORA capital as collateral. I've extorted over $3,000 from adversaries so far.
A synopsis of my battle in another land:
===============================================================
ATTENTION ALL TROUBLE MAKERS.
You have less than 8 business hours to put BB to me at $14 per our agreement. This is what I think of your current .20 cent offer to let met out of it:
They just got put or there getting put on the Russell 3000 that means liquidity good luck
HOLD MY SEAT, Whatsup
06/04/21 15:34PM EDT Sell 10 BB Jun 11 '21 $14 Put Executed @ $2
06/04/21 15:32PM EDT Sell 100 FORA Executed @ $11.285
06/04/21 15:32PM EDT Sell 100 FORA Executed @ $11.285
06/04/21 15:32PM EDT Sell 800 FORA Executed @ $11.261
Watch my seat till I get back. I didn't meant to go, but I have to leave for a bit and take over $1,000 profit with me real quick. But I'll be back.
Just wanted to use it as capital for a week as I collect $2,000 for giving a short the right to put Blackberry to me next week (in 5 business days)
Don't let anybody have my seat. I want to come back to the same place or lower. So, I'm counting on you, Whatsup. Make yourself useful here please.
Your long that’s nice
I'm 99.9% percent certain that "long" to you has an entirely different meaning to me.
Your going to be waiting along time better get a hot dog and a soft drink also
Short . Short . Short under 2 million revenue keep shorting
OS -- It's also good to note what the exact official audited count is as of 3-31-21 just prior to the PIPE:
29,824,424 shares.
So trustworthy market cap. Way more expensive than KERN is today. Right on target. On the time-stamped record, I said HLIX would be more expensive than KERN by the Summer of 2021. I didn't expect it to be this much more expensive. I said I dont know how it will happen, but it will happen. Either KERN drops or HLIX raises or some combination. So now FORA is expensive and KERN better valued perhaps.
I sure never saw it happening anything remotely like this at all. Nonetheless, truth comes out of the shake. And small barking dogs continue to bark. We have the cash Mr. Whats allegedly said he offered HLIX. Then changed his story and said his friend offered it, but HLIX walked away. No corroborating evidence of course.
And here we are with that cash. I guess they didn't like Mr. W and his friend. Might as well add that ending chapter to his fairy tale as we embark on a new journey! Ahead of KERN! Ownership in KERN as they fall as well, and had their crew pay me some royalties for all their smack talk over the years.
My prediction of how KERN and FORA will look next year: I have NO IDEA. Foggy seas ahead! But I'm very confident that it's going to be interesting. And this time, our PIPE investors are our hostages. If we lose, EVERYBODY LOSES to my understanding. As it should be.
Looks like there was a disagreement with Zac and Ogur over some shares but got resolved in all of this mess. A few lawsuits, but forward we go. With a plan. A high tech plan written in hieroglyphics. An intelligent road map of some sort.
10Q Review.
First, our troller is not being honest. Staying true to his form. Everybody that listened to him lost money. I know I for one made good money buying HLIX and selling higher at .20 and then .30. And every long that ignored him came out great at today's price. I should have never sold and been off better. And we never could get any corroborating time-stamps from you. Only thing on the record was shorting for losses and never covering on the record.
Whew. Now time for facts. They start with $12M, just what they said would happen. End the quarter with $10M cash. Then later in April, they do a PIPE deal for another $12M, which means they have about $20M in cash now even though that cash probably hasn't hit their coffers just yet but maybe it has. That's the good thing about PIPE's. Fast cash.
That's like KERN's war chest that they had when we were getting fleeced by predatory lenders. In my view. The BOD and accredited investors put up that money. So, the stock does look expensive to me. But very, very foggy also. A lot more than KERN. However, I love the vested interests and so I'm not worried.
So, we are EXPENSIVE with vested interests. To be fair. And that revenue is meaningless because it's not a full quarter. It's an increase to FORA, not HLIX, which I don't even know. That's just a fog to me on a skim.
BUT, have an excellent current ratio of 5. Thanks to all that cash. I could be unorthodox and throw in long term liabilities into that denominator and come out with a ratio of 3, which would still be excellent.
Then we have a nice professional conference call that got typed up fast. Meanwhile, I have a company called NROM that types up its conference call one every 3 years if you're lucky.
https://seekingalpha.com/article/4429300-forian-inc-fora-ceo-daniel-barton-on-q1-2021-results-earnings-call-transcript
Talking in technical tongues, but at least HLIX understands that language. And we have a Gerard Heymann from RBC that asks questions. A professional. Unlike when Mr... Ahem -- the one I'm responding to, showed up to act up.
That would be this man here:
https://us.rbcwealthmanagement.com/g.heymann/
Intersting is all. Hopefully, confused analyst Alan doesn't come to our future conferences with his passive aggressive nonsense. HOpefully he stays far, far away and bothers Jessica and company at Kern instead.
I have a hunch lots of noise is going to come once all the dust settles here. As I said, I'm ready for show. With all that cash and now on Nasdaq, they can start moving aggressively like KERN I think. And maybe, just maybe, it can become a marginable stock and have an options market on it not too far off into the future. :)
I Told you great short again
1.6 million in revenues lol for the quarter
Great patience!! Sit back and enjoy!!!
Merging
Since I'm viewing KERN and FORA as my Cannabis partners now, I'm going go ahead and reduce my avg. price in FORA (as I see it in my consolidated compartmentalization) a buck.
Sell 10 KERN Jan 20 '23 $2.50 Put Executed @ $1.16
May 11, 2021 3:31 PM ET
No options market on FORA yet. But that's $1,160 received for selling somebody the right to sell me KERN at $2.50 at anytime between now and January 20, 2023.
It probably won't get assigned. If it does, that's fine too.
SOLD! POPCORN IN HANDS
Let the show begin!
05/11/21 15:03PM EDT Buy 50 FORA Executed @ $9.805
05/11/21 15:03PM EDT Buy 50 FORA Executed @ $9.805
05/11/21 15:03PM EDT Buy 50 FORA Executed @ $9.805
05/11/21 15:03PM EDT Buy 50 FORA Executed @ $9.805
05/11/21 15:03PM EDT Buy 100 FORA Executed @ $9.81
05/11/21 15:03PM EDT Buy 100 FORA Executed @ $9.81
05/11/21 15:03PM EDT Buy 187 FORA Executed @ $9.81
05/11/21 15:03PM EDT Buy 88 FORA Executed @ $9.81
05/11/21 15:03PM EDT Buy 225 FORA Executed @ $9.809
1,000 shares of Fora owned now a $10.27. 1000 shares controlled in KERN, and 1000 shares owned in FORA. Let the cards fall where they fall. Both companies should have lots of cash and both acting agressively. Maybe they can get a fist fight or something. I don't care!
:) I have no more loyalties. People are fickle, they betray you. YOu have to walk in rooms backwards. My loyalty is to Mr. Benjamin!
I'm getting an itchy trigger finger. I raised my bid to $9.81 this morning, but they moved up on me. So, I went back to to $9.01.
Reporter out next Monday. Should provide some clarity, but I expect lots of fog still.
One thing for sure, they should be flush with cash like KERN. I'd really like control of 1,000 shares in both for a few years at least. I have KERN under my control. Having both would be real nice! Have the market cornered, so to speak.