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I wouldn't sell for a penny but that's me. I will sell in the 10-20 cent range and that's going to happen. Maybe not tomorrow but will happen. It will have to or Troy fails and I believe he's not going to let that happen before .10-20
I told everyone that's what it's was a massive flip. Most got played here. Took the first thing they could spin - against the coming to pull it back. Snmn birthing has changed
From where I'm sitting, that's four times my money. I'll take it.
Spot on post. Personally I think there will be enough positive news to pump this junk back to .005. Especially since a bunch of longs including myself got flushed out. Only questions for me at this point are if and at what PPS to reenter?
Your guess is as good as mine. Never get a real PR here only tweets. You’ll make money here if the tweets can get the hype up.
How can you trust anything Troy says now, he didn't mind screwing the longs here what makes you think he wont do it again.
True, breakout board flipper crowd, when does the Billion shares hit the market ??
Ceo has been working on his master plan for a long time. There is no way he wants to be seen as a failure. Lots of surprises on the way and I'm stoked when it all comes together.
The most reasonable and logical guy on this thread is saying this thing will hit .01 tops. Wow. What a F@$king waste of time. Give me my .01 and I’m never looking back. F@&ck this company
If this is true then what that was just a massive panic selling? Glad I added on the dip! SNMN
This will set most of you all straight "yes, I will screenshot share structure on Tuesday to show no shares have been issued yet"
Per the snmn twitter
Really good and well balanced post. Bro I'm completely lost here. I went all in at .0032 and added some along the way up. I swore I'd never get shaken but by the time I was able to log on Thursday and saw this shit dropping like a rock down a well down into the the .002s and the news of a billion extra shares hitting soon I panic sold. I'm down a couple grand or so which really sucks but I see more tweets coming to pump this back up and honestly trying to find a good reentry point but would have to dip under .0015 to get the million and a half shares I had before this crap. Might miss the ride back to .005 or so which will suck but I don't see this ever coming close to .05. Trying to decide whether to buy back in or try to find more solid play. Thought this would be the play of the year which is why I added in .004s instead of doing the smart thing and taking some profits. Live and learn unfortunately.
If this doesn't hit AT LEAST 5 cents this will feel like a waste of time. If people are saying .01 thats sad some companies hit .005 to .01 in one day like BYOC. just wanting patiently
Just to be clear, I neither like the CEO nor trust him. I just believe that lots of money can be made here. I also like to argue with balanced views...
To cut it short, the stock will go up with any positive news and massive money will be made. This is my opinion as there is no rule apply to any penny regardless with the SS. It is all about timing if it is even a scam. People will come and invest with the first positive news. If no news, it will go down. End of story. There is no need for back and forth. Pennies move by news...
I don't agree basically with anything you said. The reality is that in pennies, tons if money can be made scam or not. No one can argue with this fact.
Well the owner of it was on the news and stated snmn and so was Troy on the same news Broadcast
Massive weeks coming snmn
I'm a long and still have sold a share of snmn u will see y soon
I'm not going anywhere and I've been here since feb 2016 snmn
The AS reduction is just a BS pump tactic to try and divert people from the fact that he has committed to about 3.5 billion shares outstanding.... Not including the preferred conversions
How much could he reduce the AS?! A few hundred million shares? Does he really think that will excite the market?...
Its an obvious ploy to divert peoples attention from the mass dilution. This CEO has a long history of bogus claims, bankruptcy, foreclosures, etc. He’s desperate for $$$ and will say/do anything imo
They won’t ungag the TA. Not with the OS about to balloon by billions of shares.
If the Longs are bailing, that means it’s filling with traders looking for a quick bounce. Theres going to be a lot of people competing to get out into any increase now...
How much DD he have you done on this CEO? I recommend doing it
New Tweet regarding AS reduction. Things could get interesting this week
If this tweet doesn't materialize, I would have a firm and clear idea by then about this company - this will tell me all I need to know. We will see what are all these tweets about: real company or ......I am not sure how the AS will be reduced, but we will see. It is time to rectify the ship.
SNM Global Holdings? @snmglobal Sep 20
Look for TWO big openings from our 7 underlying companies in October as well as more MJ news and a more detailed picture of reducing AS!
https://twitter.com/snmglobal
TA needs to be ungagged IMO. The market now has doubts about the CEO, and this action might help to instill some confidence so that we can know whats going on and where are all the available blocks for sales coming from..
I agree with all of your logic in your balanced posts. The only problem is that he changed the term of dilution. When you had an initial idea that the dilution will occur at 0.01, that means everyone who bought below this value will make money. Now, the value of the dilution was almost 80% of what the stock was trading, thus the panic as not everyone here bought like yourself in the trips. This is why many are willing to gamble close to the offering price, and not higher, since they might have a better chance to make money. Look at the change of the board now and this is an outcome of his poor move. The way he dropped the news was one of the poorest I have witnessed.
In any case, it will take time to either regain trust or completely lose all the remaining trust, up to Troy. His actions, will either invite investors who hold for long time back or lose the rest of them. Let us see the decrease AS reality and lets finish up the 7 acquisitions he mentioned in his latest tweets that will be funded. Action time. Like he was very quick in filing this dilution stuff, he needs to be quick in filings the positive things as well for credibility.
I don't agree at all - most of the heavy longs here disappeared as they sold out and they were holding millions per person. The stock will rebound although I am not excited about anymore like before. The rebound will not be as expected also before, but there is money to be made and this is the name of the game.
I am having a hard tme finding info on the Donut deal. Just some PRs about the opening... Where is the substance?! What did investors pay? What do they get, etc? What do the past revenue figures look like? Nothing worth bragging about?! Positive details are ALWAYS spelled out in PRs, theres nothing?
BTW, it looks like a chunk of stock will soon be paid out for past debts as well... This could be a conversion in the trips. Pretty sweet deal, for them...
NOTES PAYABLE
Note 5.
During 2016 and 2017, the company sold $405,000 of agreements for future equity. Under the
terms of these agreements, if there is equity financing before the determination of the agreement,
the company will automatically issue to the investor common stock. The number of shares of
common stock issued shall be equal to the purchase amount divided by the discount price. For
every two shares of stock issued the investor shall receive a warrant with an exercise price equal to
the discount price. If there is a liquidity event prior to the termination of the agreement, the investor
at his option will receive the purchase amount, or automatically receive the number of shares of
stock equal to the purchase price divided by the discount price. The investors' shares are locked up
for three month after a public offering and then may be sold subject to the volume limitations of
Rule 144.
From 2pm to 1030Pm DD on SNMN, I'm getting tired. I will go to bed. I don't have such luxury to keep DD on SNMN. Hopefully monday will correct the Chart a bit.
No clue why I even talk about this when it was actually my least favorite in Troy acquisition.
Here goes - Any common sense would know that you need to sign a lease for naughty girl shop.
Security deposit + 12month lease. Typical would be $2k-$3K a month for business front. All the inventory, the worker to remodel and such = $10k min. Anyone hired people to do a bathroom remodel? The kitchen is where it will cost a bit too.
Need upfront money to do all these. And they got upfront money. Just simple read and we already looking at $2k rent since May or july? = $6k to $12K rent. Already looking at $40K+ expense. Anyone wants here dropping that kind of dough? Money is there.
Do you have the proof to back your claims, please?
BTW, Im on the West coast. Still early here
Keep up the midnight discussion of SNMN. I love reading all of them pro or con. To help me better understand the recent filing. I'm here all weekend to discuss SNMN up coming A/S reduction PR, MJ news, finalized funding.
SNMN
Rather be optimistic in what you hold then be pessimistic, imo. I will wait for this to go back to 20M daily volume. I think there was like 50M to 75M dumped by long Thursday and people kept trying to find bottom/flip. Just need to weed that out and let the dust clear. Only pessimistic from me is, Troy sucks at PR. Haha... not once has his PR make PPS jump really good like a typical scam stock. It's always red. 1 time it was green but 3%. But yo never know, now we have different type of fish in this pond. Where PR should jump it
Its possible that $150,000 is how much they did during the first 5 months of the year, or annually... but there is no logical way they do that per month...
It shouldn't be called a "Fact"...
Look at what other popular/high volume fast/casual franchises do in sales. NGD's does LOW 6 figure per year, no doubt...
http://www.statisticbrain.com/restaurant-franchise-sales-statistics/
year chart shows a consistent gap up followed immediately by a strong pullback up to higher levels. Maybe this is just the next step for the next big run, Maybe my optimism is getting my better judgement. well see
Lets keep discussing SNMN at midnight. I'm glad I'm not the only one that reading SNMN filing and dicussing pro and con of it. I'm glad I'm not the only one has money in SNMN to be wasting my time at midnight instead of going to sleep or at the bar drinking with friends. Next week hopefully Troy will release the A/S PR. I always thought it would be like 1Billion. Somehow other will still looking at A/S reductin as negative going from 4B to 3B. However, going from 10Billion to 8Billion look more attractive on certain ticker recently.
have a feeling we may see one those famous Long green candlesticks SNMN is known for in the next weeks.
Look at selective on this board, Oddly the 1.9Billion shares is real but the $150K funding is false. The IMBD $1.5Million is false. If I don't trust a CEO, then I would said everything is false. I would think Troy would BS and tell everyone it's 500Million shares not 1.9Billion. We all been in one of those where no CD but end up getting reamed for 1Billion to 5Billion dilution.
snmn
I know exactly why I watch SNMN board all day and would post late at night b/c I have investment in this. Just food for thought. I guess, if I wants to get my bid filled, then I would definitely spent my weekend trashing SNMN instead of spending time with my friends and looking for new tickers to invest in.
Out of all SNMN long, I am probably the only one that posted on other boards to spread the words aka pump. Troy and long just have zero clue on market awareness. Thursday that sure is some market awareness. With SNMN turning red, I would not post chart and such on other board. I only spread the words when I feel other buying in would be profitable. Now, it's 50/50, hence, I won't bother anyone and just risk it myself.
Look at the trade volume. People acting like this is a pump? This is probably one of those weird stock that gained 900% since July from 0008 to 0074 and had zero interest. Thursday was the first time it actually had interest. Unfortunately, wrong direction. Avg volume is 19Million a day. Some day it's at 5M. It's not like it's consistently doing 100M+ with $300K cash flow but PPS not moving up.
SNMN was actually the perfect retail controlled stock. If you have 10M, then you control SNMN. Put 10M on the ASK at 005 and it drop to 0042. Put 5M at 006 and you get your bid filled at 0055. Spread had been thin going up. Just juvenile to be coming to SNMN board and call this a pump n dump.
Troy sucks at PR. I kept saying that. He just sucks. If he was a pumper, then I would be cashing out more in the pennyland than this. WHo botch a 2Billion O/S retirement? 2Billion shares retired and it loss 80% value.
Troy is far from a pumper and 18months history show far from a diluter. ANyone that traded OTC for a long time, should always be aware that Troy seeking $10M for 1Billion shares Reg A was sign of future dilution. No one care then but act like it's end of the world now.
The highest volume subpenny today has 3Billion FLOAT and 9billion O/S but somehow that is more attractive. Traders will said anything. I rather stick to logical fact. B/c 8 years in this and I already hit 7 figure profit with that. Dare I said not many I seen with me 8 years ago are in the 7 figure range b/c of the daily flip or scare tactic trading. That just tiring.
I am beginning to admire you and your opinions
I think they are spot on and so impartial
Keep it up
Great voice on this board with a great sanity check
Balanced views with no to da moon or da to trash opinions
I like that
Since you haven't been here that long, here is the dilution history of SNMN since Troy took over the last 18months +
approx.:
5M in Aug 16
17M in Jan 17
1M in Mar 17
1M in Apr 17
That is it. Acting like there are so many insiders. Why not worry about retail such as myself that have zero avg and holding free shares the last 18 months buying in the triple. Somehow retail buying in triple are not as dangerous as other. You know how many time this stock bounced for 100%+? How many time all of us long flipped it? People scream dilution but it's just retail long lowering their avg while PR comes out. Am I an insiders? I already made close to $50K with this while other people in the red?
SNMN had been doing its thing for 18months+++ Nothing change. There was nothing to hold on to 1 year ago. Just Triple zero lotto.
Anyone see the contradiction? I won't buy this b/c wow it's so bad but if it's few ticks cheaper I would totally gamble and buy back in. The 1.9B is still there. Why take the risk for minor gain? Best invest in company that isn't a risk I would assume. Why waste time on such a huge POS RISK, right?
In other words, the dust is settling and more are seeing float is still the same. O/S will be locked up like just like before. B/c no one was worry when that 1Billion shares was bought up? Everyone suddenly expect dilution right away but somehow buying 1Billion at 001 wouldn't have dilution. Some even think buying 001 will make SNMN go to 0005/0001. However, buying 01 dilution would make SNMN go 05/10 instead of 005/001.
Look at all the contradiction and spending so much time on all that contradiction. All I see is potential PPS will not be 5cent+ like I thought but from 0057 to 01 is doable and a nice bounce from 01 to maybe 015 and settle back to 005 or so.
You forgot there was a huge Dip in Sept too. However, no one seem to care when they bought int at 005+. It dip from 0052 to 0024. This dip was 0052 to 0015 and now it's at 0022. There were base at 004/5 few weeks ago too. Float is still the same as it was few weeks ago. Everyone was happy to get 1Billion shares increase back then which I didn't like much but what a start up company could do? Whole point of stock is to raise some capital for start up
snmn
All the PR was pending the funding. That is given. No clue what is the point of the useless info quoting an old fin. Naughty Girl Donut did get $150,000 in May. That is fact. Spin it however you like but that is fact. They are remodeling the place. You could visit the place if you like. $150k is about right for a shop. I personally never care for the doughnut shop. Long are the one pumping the donut shop like there is no tomorrow.
Of course rev isn't in. Make zero sense looking for rev and last I checked, unless you have fin filing for 2018, then most likely it will be zero.
SNMN
Out of all the PRs/deals, the Assets still total $239 and revenues are "0".
Who was posting about the CEOs extravagant lifestyle?! How do you think hes paying for it?
This company looks uglier the more i dig. He doesn't even pick good ideas to pump. "Game vodka"?!
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