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Are people really trying to justify this?!
Selling the farm at the bottom of the chart is “exactly” what he had to do?! I 100% disagree... This is blatant mismanagement
A#FE was at these levels and has achieved significant amounts more with the fraction of the shares, because they chose to only dilute when necessary/prudent, especially while the price was at the all time lows. Because of this, the stock is up thousands of percent over the past year and holding.
Why Is Troy trying to acquire a half a dozen crap companies as such destructive price levels?! Why not acquire one, use the hype of that deal to move the stock up. Then acquire the next one at higher price levels, reducing the dilution with each acquisition, while maintaining growth momentum?.... Instead, he’s locked every deal into a .001 price, which is just a few ticks off the all time lows. This is absolutely stupid
It’s starting to look like this dilution deal is about hooking up his family and close friends with cheap shares they can dump into the hype.... I’d rather see him directly issue shares for these acquisitions, instead of raising the money at the lows. The people selling these company might hold onto the shares longer than three months.
Has anybody actually looked into the companies they plan to acquire? They’re all crap. I have yet to see anything that suggests this guy has any business sense.... In fact, It looks like he’s a blatant pump and dumper. He always leaves out significant details in each PR. What are the terms of the donut deal?! How can nobody know this VERY Important info?!
For someone to sell the farm at .001, it tells me they don’t see much value in their stock long term. This is absolutely the worst way to try and grow your business... Long term, the common shareholders are toast here imo. Don’t fall in love with a mass diluting POS ran by a cash starved CEO with bankruptcy’s and foreclosures. He’s likely pumping and dumping to support his personal failures. SNMN appears to be his only source of income, which has zero revenue and only a couple hundred dollars in assets. Desperation can lead someone down a dark path.
This is why investor sentiment is important even in pinkyland and how easy it is to read flippers and baggers pumping a bogus deal. Before you pump next trading day, prove your ownership
I'm holding 1.2 million shares averaged out at .005. I know, not very good, but the 61% drop Thursday really caught me off guard. Anyway, while there are tremendous gains to be made in these pennies and sub pennies, (boiler room scam or actual company trying to do right)the risk of losing it all is real. Holding hundreds of thousands or millions of shares of one of these when they are climbing rapidly is exhilarating. I've experienced this on a 10 bagger not long ago only to lose most of it while having visions that it was going to make me a millionaire. Of course I should have taken my profit. I know that now. IMO, these "pump and dumps" as we like to call them, will keep coming from now until the end of time. In general, the principals of these "companies" are shady and have cloudy business histories. That's OK because all we're really looking for is some profit. Seriously, how many of us will ever use or buy the goods or services of these so called companies. If you happen to hit the .5% of these that are real, it could be a zip code changer, and that's a pretty cool thought. I only use my "Vegas" money with these. Generally, the odds here are pretty much 50/50 with limited losses. Not bad. Much better than Vegas. I admit, this one caught me off guard and it did hurt a bit. Like most of you I hope to recover my initial investment and move on. Keep trying and stay out of your 401K's! Go SNMN! GLTA!
Looking forward to A/S news this week. That is all I will said. All the noise is now getting nervous b/c of A/S reduction PR is coming this week. Hence, trying to get more or back in. I will take 100%, 500% or 10,000%. SNMN will definitely make people money that bought in at this range. If SNMN or Troy sucks, then just find other plays... there are over 9,000 plays in otc. Don't be hung up on a bad ceo
Likes I mentioned, I think only 60-75M from long dumping Thursday and everyone was trying to find bottom aka 350M volume.
Mj, A/S reduction. Reduction to A/S is still a huge deal. A 6Billion O/s and 3billion float and it's at 0012 and people thinking penny. I think 1Billion float and 800m or less float should do at least that anyway with rule 144 locking 1.9B up for 3month min.
There is no guarantee. If we wanted to play it safe, then we all would have invested in Nasdaq not subpenny. Get that gambling blood boil up and lets go or go find what is more within that gambling blood.
Good luck all.
IMO, Troy did EXACTLY what he had to do for the long term benefit of SNMN. Many posters here seem to think Troy should have tweeted or PR'd that he needed to lower the offering price to .001 to raise a million dollars that he needed to raise. So, if he did tweet that, many are saying you would have been happy and held on to your shares, LOL. Many would have dumped so fast and driven the stock even lower and then Troy would have to have given 2 billion shares at half the price he did it at. Oh, and by the way we now have $1 millions dollars of working capital. The mistake Troy made was tweeting at all about the deal, IMO. But he had to take what he could get for the first round of capital raising.
It will be easier when he needs money again as our SNMN share price should reflect the use of the $1 million of capital we now have to get some of our term sheets funded. Very few sub-pennies have a million dollars to work with and some good deals in the works too. Patience will pay off here, IMO.
Long and still strong, no panic selling here. Wish I had more money at these gift prices.
I use to enjoy your posts here but you’ve pushed the limit...
Maybe Troy will be sober come Monday and be able to go to the “office” since his Washington Redskins don’t play tomorrow....
Lol Troy - the joy of running a company on the OTC market...
“I truly appreciate this shareholder. The horrible texts, emails, and messages I have recieved the last 48 is demoralizing”
Your soft as F
I have a feeling that we will be pleasantly surprised by unexpected news and things will get back on track. Since I have skin in the stock, I will try to stay positive till things definitely materialize good or bad. The stock has been a target of negativity and I think that means there is a lot of money to be made here IMO...
This stock has dropped from 0.0075 to 0.002 insane drop by any penny standard. MM have accumulated ton of Shares in last 2 days and ready for huge bounce
Expect bounce to 0.0036-0.0037 minimum
Most penny stocks bounce to 50% of high price after such severe sell off
Most bounce without any news because MM want to make money and sell these cheap shares they have bought. Look for Bid to start moving up quickly. In fact MM do that on purpose just like they were doing it while driving it down
99% of penny stock bounce to 50% , even scams, this is far better, and if you get news MM will pump 100% on little or no volume
Smart money does not get caught up in emotions but looks at opportunity
Dumb money thinks it will keep going lower and instead chase it much higher
This stock is now extremely oversold and ready for 100% bounce from the base
My guess this will hit 0.0037 - 0.0038 on bounce
That's the nature of penny stock markets
Bounce are vicious, this was at 0.0075 last week and heading to minimum 0.0037 on bounce. 50% retracement. The smart money knows these things and that's why you saw massive 10-12 million buy blocks around 0.0019-0.0022
Next week bounce starts
Good luck
Don't get caught up in emotions
Think practical and play penny markets without getting emiotional
Nothing goes down straight and now these guys have million dollar and any PR will create vicious bounce because it has dropped too much in short term
MM will rapidly move the stock on low volume, nowvthey havevshares and move ask rapidly in next few days
Watch how it unfolds
MM are not one way street, they have to sell these cheap shares and make money
They know how to play this game
Even with junk stocks, this is far better than most garbage OUT THERE with 6 billion OS AND STICK AT 0.006, last quarter revenue was 0 and market cap 70 million on all hype
Check out bvt@
Good luck
Check the stock price two months ago. The stock has moved a lot. Regaining 0.005 is a great start to launch, but lets get there first. The market has been shacked by last move from the company..
From what it’s sounding like people are anticipating the good new to take us back to .005? We were already there. We are just retracing our steps instead of climbing the mountain higher. That is where pessimism gets the best of me
I really appreciate your enthusiasm-optimisim is a virtue. After things start to settle a bit, I am optimistic as well. I held through last Thursday, but I was not really happy at all. I believe that he will rectify the ship. I hope that this was a good lesson - much better communication is needed as the CEO seems to have some enemies. I hope that he regains the lost trust ASAP.
Lets go Mr. Troy. Time for actions-that tweet was a great start especially when be followed by action. Market will remember the most recent positives and all rest will be forgotten. A couple positive firm confirmed news will put us back to 0.005 IMO in a flash..
SNM Global Holdings
@snmglobal
Expect official AS reduction news this week!
https://twitter.com/snmglobal
On another note if I was asked to invest a million dollars in this company with a pps of .005 I would want a billion shares to. That is just smart investing.
What about the 506. That is how we were supposed to have raised money to fund the first couple of purchases.
what facts do you have to support this can't go to .01+
Upped my bid from .0011 to .0015. This should get seriously pumped soon but I believe true value is much closer to .001 than .01. This will give me a smidgen more shares than I had before Thursday's train wreck and I'm willing to gamble in the .0015 range. Not paying any more because this can just as easily go to .001 as it can to .005. AIMHO.
I was not here at the beginning of 2016 bro but I am heavy in now. I sold but bought back 1.8 times as many shares already and will be backing up the truck the next two weeks here. I am grateful for the opportunity and am still going to TRUST Troy!
I am looking for over a dime a share by April 2018 at the longest now.
What do u mean we just started. The chart will be fixed next week watch . Nothing over night bro been n since 2016 feb
SNMN is still going to silver per share bro. Watch how Troy turns this lemon into lemonade bro. Have faith just a bit longer. We had to get rid of a few bad apples here.
I also like to think we will see .10- .20 I really do. But we are struggling progressing into a penny. It will take some serious game changing to reach a dime at least.
This week get ready for the Prs to start. And if they don't I will never post here again. This company has much price to go up massive runs will happen and I'll still be here. Snmn is going to be bigger than MWIP was and that co only had a MJ payment system. No movie no tv show, no restaurant, no doughnut shop with booze and chicken which will be awesome in KC I went to a place that is the same this and its like a start bucks but with booze and doughnuts. Line out the door at 11 pm on a Thursday .
We have so much and u think this is it that this company paid to remove 2.2 billion then going after another220 million in court to end it here lol great real people
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..
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