Interesting. I wasn’t in the market today. So, I missed the news. Someone knew about this news last month and ran the stock up. Correct me if I’m wrong but this news seems bullish. Remains to be seen how this trades tomorrow and for the rest of the month to close 3Q23.
Is that from Trader’s Notebook? 80% seems like a lot. Hmmmmmm.
RIP Bob Ross
Not sure what happened to many of GCAN’s cash generating products. Begs the question if they managed to corner the market for hemp hearts. If so, we just need someone on the inside to blow the whistle on the stash location.
Yep...that scam has brought in $0 revenue in its 3 year life with GCAN. Just one of many such scams.
He's just a troll , got no $$$ , got no cents
You should buy then.....a LOT! Because barcharts is always right for a pinky scam.
Makes no sense. Why would they change the A/S. They have approx. 1.3b to go. Just look at today. Peeps not falling for the news out today. Why buy 3.7m at .001 if they're just going to get scalped at the .001 bid.
Barcharts now 80% Buy..hmmmm
Those trials are in US or Israel? That could make a difference. Amiright?
Phase I clinical trials cost about $2.4M. Phase II clinical trials cost about $13M. GCAN has paid ZERO.
There will never be a selling average of .001 at those volumes. The more they sell, the more the price drops.
If they are now selling shares to fund trials then past filings would not show it. As was stated in prior posts: Remains to be seen.
Let’s say GCAN sold 100M shares at an average price of $0.001. That would be mean $100K for trials. If that in fact happened, I wonder if it would be enough money for said trials???
If not, how many more GCAN shares do they need to sell???
Interesting take. Better for company to be selling shares than changing share structure via increase in A/S. Another way to look at it is to guess how much money the company needs for trails. That might provide a window into how much they’ve raised and how much more they need. An estimate of shares would follow.
OTCM Used to say Transfer Agent Verified. No update to O/S since July. Company announced something about trials in Israel. Company obviously needs money for that. Company has no money. Several big dumps when bid gets around .001 or higher, like just now. Tells you everything you need to know.
Pretty sure lots of shares traded hands though. I don’t want to be too optimistic. But, it seems like accumulation. Price drop could be consolidation. Remains to be seen what happens next. In any event, my golden shares are still golden. ;)
MMs pulled their little headfake raising PPS to bait some suckers..it failed and now back down, oh so tricky.
Has it been 5 years already? Golden shares are selling just like in days after divvy. Remember, volume precedes price. This week may be loading extension. Remains to be seen though. Tick tock.
5 years of "remains to be seen". Music to a scammers' ears.
Is it "next week" yet?
Remains to be seen if it’s still a scam. Full 5 days of trading in about 14 hours. Shorts may want to cover. Tick tock.
Yep......maybe we can learn the same next week....again......that this is just a scam.
GCAN=WE SEEN THIS BEFORE,INSIDERS BUYING CHEAP SHARES,SOMETHING COMING SOON,VOLUME UP .NEXT STOP PENNYLAND.
gcan IS A FATHER TIME CERTIFIED, INSIDER ENRICHING, SHARE DUMPING, DILUTING SCAM!!
There are much better Pinkyland scams to try to bank on.
The stench of gcan is now (hopefully) well known by Pinkyland traders.
Newly created bagholders are always welcomed by aitan and his pumpers though
Good luck to all.
That is always a possibility in OTC. Based upon this weeks volume, they are catching lots of suckers. It’s that or it’s a legit run on some yet to be released news.
Latest volume and price rise is same repeated tactic by MMs to catch some suckers, pump it up then drop it, no other reason, repeat and rinse.
I could be oblivious to the plots and schemes of the scam. But, recent price action seems legit. Watching 52-w high to get taken out. Could happen in the next few trading sessions.
That may be true for some. I heard told of a dude who sold at the top. Legend.
Interesting. I didn’t think it was dilution. It looks like loading ahead of major news to me. But, I could be wrong.
GCAN=LOOKS LIKE DILUTION TO ME,TIME FOR SOME GOOD NEWS TO COME OUT.STOP THE DILUTION AND LET IT GO.
Old buyers too. They lost all their money here.
gcan is a long running Pinkyland scam.
Nothing more-Nothing less
Always has been, always will be.
Play it as such and bank profit if and when able.
Agreed, show me the money. Soon the chase will be on. Dare I say: the cheap Moon tickets are gone.