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Never saw anyone on ihub tell so many different stories,
it's actually amazing, does he keep track of himself ? lmao
Mc is now $27M. Theyre pumping it to schedule an offering to fund the next product. No way this is worth $10M. They sell sleep aid. Over the counter sleep aid isn’t worth $27M. This is way over priced. And the funny thing is the last month double is done by less than $10k in volume. Do the math. From $9M mc to $27M mc with around $10k in volume.
Nobody watching a ticker with $500 volume daily dude.
What industry? Not psychedelics? That requires psyclobin. This is an FDA approved food shroom.
No... it won't just "pop" ... It WILL LAUNCH into the Stratosphere!!
BesaoT35, LMAO... dont try to figure out that fool. He'll tell you a different story every 5 minutes. He just makes them up as he goes along. He's been doing that on all the boards.
But I will admit, it's some funny entertainment. LMAO.
No but Jeffey is playing it close to the vest. Developing everything behind the scenes quietly and methodically. Once PSYCF starts rolling, there will be No stopping it.
First to market advantage with a unique product/products will make Psyched Wellness the Leader in the industry. ✌️🍄🍄
Are you Jeff pumping your own stock?
omg, you're so silly. Ugh
You have a narrow view ... expand your view and you'll see what's happening. :)
2 things:
1. Cash is still around 50% of the market cap. Is it really valued that high?
2. Sales are starting to snowball. approx. 6,000 bottles were sold from Jan, 2023 to Feb 29, 2024. Since then an additional 4,000 bottles.
Do some math and you'll see that sales have gone from averaging 500/mo bottles to 2,000/mo over the last few months. Once we see that on Q2 financial statements it will help. If the company can continue growth and we see perhaps 3,000 or 4k bottles /mo by Q3 we will be laughing. Prove to the market you can have exponential sales and it will reward you.
No way. Just want out of short first. Hard to tell. Mc is so high compared to sales so the value is priced high. Maybe bc of the possibilities of AME-1. If so, so much is priced in. This is not a psyclobin shroom so I don’t know why it’s valued so high.
Are you still accumulating shares in your long account? What do you think is the fair price for PSYCF?
It’s just otc. I don’t like otc these last few years. No interest in start up companies with rates so high
I didn’t know that you also have a long position as well in a separate account. You are looking for volume to close out the naked short from 48 cents. You now seem to be thinking that the pps is too low so you went long.
Almost all of your posts are negative however about the company. There is a lot of complexity to your trading.
The ceo pays himself too much. Most otc CEOs do. That’s why they’re public. They can always dilute
It’ll pop if they put this juice in a beverage.
At .50c there were millions traded daily.
My long account has avg of .18
I don’t know if it will ever hit.
So let me get this straight.
You shorted a Canadian Penny stock on the OTC which has next to no volume. Now there is insufficient volume to cover.
What is your plan if the Canadian ticker goes up on volume and the OTC ticker trickles along with next to no volume? You'll be stuck in a naked short without the ability to cover.
Quite the precarious position you put yourself in. No wonder you are constantly bashing the stock...
Hey Dumb Dumb... are you happy now you have someone to tell all your dumbness to?? Lmao ugh
To go short an investor would have to know that sales would never materialize. A CEO salary of $450,000 a year would also be a solid tell that disaster is the obvious outcome when there is no profit and severely deficient sales.
IPO opened at .35c popped to .55c now .06c and investors are all out. Market makers took this purchased OTC to the grave. No buyers will come in.
Be careful. This has gone from .028 to .061 with less than $3,000 valuation. It’ll go right back to .03 in a flash.
They won’t go bk. They filed 2023 to stay in the game.
If you hold your short until PSYCF were to go bankrupt and the stock gets delisted do you have to pay taxes on your profits since you technically never covered to close out the position?
If this had around 50-100m share count it might be decent but they have nearly 400m.
AME could. But not through a 380m penny stock. I would not go long here. Canadian penny stocks are typically scams which is why I shorted it. I do expect this to be .0007 soon.
From 48 cents to 2 cents that was a hugely profitable trade for you. You are saying that the volume is too low however to close out the 850,000 shares at 2 cents. If you were to buy a lot of shares to close out your position the stock price would go up and damage the potential profit that you could make by slowly covering. Congratulations on your savvy trading.
Nobody wants to be long because it is common knowledge that PSYCF is a scam. I thought that there was a chance that AME would catch on. This is all very educational for me.
The volume was when the IPO in 2021. Since then it’s dead. This is a shell company. Institutional investors got out in 2021. This otc was bought by psycf and the insiders had shares of the previous ticker.
I banked on rolls royce so my bag here in short is ok for now. I bought 850k short at .48-.36 range. I need buyers to fill my position. Out of the float, 80% is short.
Doubled? On what? $300 a day in volume? There’s nothing interesting with this stock until they get volume. Want an OTC stock to trade? Buy ROLLS Royce RYCEY. 23k shares Friday. Do the math. This is not an investment. Maybe throw in $50 for fun I guess.
The stock price has doubled in a month. Was this a good thing or a bad thing for your trading strategy?
Thanks for the input Copilotdog. Given the preponderance of posts that you write that are negative, and this may be justifiable, what is your trading strategy with PSYCH?
Surely you would have a sizable short position. It is my impression that such a position could result in massive losses if something positive were to happen. How do you manage that sort of risk and the large percentage of margin required to hold all those shares short? Also there is a cost to the brokerage to have borrowed all the shares and then sold them to have a short position. I am trying to understand what the savvy investors do with stinky pinkies.
The fda doesn’t care what they do. This isn’t a psychedelic. It’s a food item mushroom.
I wouldn’t give much thought in this stock with only a few hundred dollars traded daily. Most days there are no trades. CRO salary should be $180k at most. Last years sales were 375k. They’re burning money and will need to dilute soon.
If they were to double the dosage and put it in a drink it could help some more people who would then actually feel the calming effect, sleep better and then tell their friends and family.
The Calm product can be dropped into a drink as it is now. I have not done that yet. Four full droppers perhaps. There would a much better taste this way.
Does the FDA or another agency limit the dosage allowed in a beverage that could be sold commercially?
Foraging for these mushrooms must be expensive versus the cost of farming the mushrooms if it became commercially possible. It would be a great research project for a mycologist to learn how to grow Animita Muscaria.
What would be a normal CEO salary be for a start up micro cap or nano cap company like PSYCF?
No products only calm. The worst, over used name in the market. They will probably change the name. They should. They spoke of tea bags but nothing. They have a patent on a vape pen but they can’t afford the research. Looks like they might infuse calm in a beverage. That’s all they got. If it works the distribution could spread nationwide. That is if they can forge enough AME1
I still laugh at you saying this will get to $50. Clown number
They might do well but this is not ever getting to a 25m mc again.
The company they partnered with makes coconut water
We all have to double the dose to feel effective. AME. Is Amanita muscaria Extract.
I did not know about the coconut juice. Can anybody elaborate on that product and any other products in the pipeline? What does the acronym AME stand for? How effective is AME in actuality for sleep or anxiety? These are both high value indications if a product were to be safe and effective. I bought the Calm tincture but had to take twice the recommended dose to feel an effect. Thanks.
Sell me some at .05 my order to Buy is in!!
Someone just bought my 10k. Need 78k more so I can go long before they potentially launch the juice in coconut water.
This is like a bank where they don’t let you take your money out. All those buys and sells from .50 down to .03 were naked shorts. Now it’s up to new buyers to cover them. Millions of shares on the ask all the way to .10c
Put ame1 in a vape but that won’t happen for years
It’ll take them 6 months to formulate a beverage and brand. Would be nice if they get it done in 2mo
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