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FYI on new upcoming rules that will affect Pink no information securities like GL Brands. Given there were only 5k shares traded today, I'm guessing GL Brands has already been impacted. They need to obtain at least an OTCQB rating now to even be listed on the exchanges. GLTA - Links below to the upcoming changes.
New rules will affect your ability to buy and sell “Pink No Information” securities, including at E*TRADE
On September 28, 2021, new requirements take effect that will impact the market for—and value of—certain “over-the-counter (OTC) securities” you currently hold or have held in the past. The new rules apply to “Pink No Information” OTC securities of companies that fail to publicly report and keep current financial and other company information and will restrict the ability of U.S. brokers, like E*TRADE from making these products generally available.
Some background on the new requirements
The Securities and Exchange Commission (SEC) recently adopted amendments to SEC Rule 15c2-11 governing the submission and publication of OTC quotations. These amendments will prohibit broker-dealers from submitting or publicly disseminating bid/ask quotations for OTC securities of issuers that do not meet enhanced information filing requirements.
Securities of issuers that make the required information publicly available by the deadline in the rule should not be affected.
What these changes mean for you
Starting September 28, 2021, you will no longer be able to buy or sell “Pink No Information” OTC securities through E*TRADE. Other restrictions related to the purchase of these securities may apply sooner. Please keep in mind that the upcoming changes will negatively affect the value of any “Pink No Information” OTC securities you hold now or in the future.
https://www.sec.gov/news/press-release/2020-212
https://www.federalregister.gov/documents/2020/10/27/2020-20980/publication-or-submission-of-quotations-without-specified-information
I received in the mail today, as a shareholder of GRLB myself, a copy of the chapter 11 filing out of Texas.
Got nothing left to lose on this pile of **** company, so I'll hold @ the whopping .01 mark and see what happens. LOL
I had a dream (actually 2 dreams about a week apart) about Choom a few weeks ago just before the price dropped off.
The first dream, I saw the price drop by nearly 40% and rebounded just as quickly as it fell.
Second dream, the price rolled back up to .14-.15 on momentum (on a mini H&S pattern on the rebound gain), dropped again to around .11 and continued on upwards from there. I'll be taking some profits at .14 and buy back in at around .11
My average position price is .055
I had similar dreams on previous positions I had, like ADMS a couple of years ago, just before the stock doubled in price and rose from $20 to over $40 in 3 months.
Let's see how accurate these dreams will turn out to be.
GLTA.
Come on FOMO! LOL
New Jersey Governor Signs Marijuana Bills After Lawmakers Send Him Latest ‘Clean Up’ Measure
https://www.marijuanamoment.net/new-jersey-lawmakers-send-marijuana-compromise-bill-to-governors-desk-setting-stage-for-legal-sales/
Yep, exactly. I've always had an eye on the end point fully licensed retailer. Doesn't matter how much product is produced, those who can legally sell the product are the gate keepers.
This is just the beginning. Back when Organigram was around $1.20, (before they went on the big boards) I bought a ton of it and told people these types of companies were the early cannabis incarnations of what big breweries are to beer.
I was literally laughed at by two brokers. See, when people laugh at ideas of impending change, I know to some degree that's the time to buy.
3-4 years ago, cannabis legalization was an "idea". Speculative investments are based on ideas that have not yet proven themselves. If one invests in 5 ideas and just one of them hits, it will more than cover any losses of the others by 10-fold.
Today, cannabis is an inevitable reality and those of us who bought early in the cannabis idea will make small fortunes on that emerging reality.
Cheers to my fellow cannabis investor. Our speculation will pay off big time.
Nice trading volumes lately.
This kind of volume is indicative of large investors getting wind of something.
Those of us that bought in on the .04 and .05 bottom will make a lot of money.
The Choom Train!!
Indeed, I'm like a packman eating up shares. LOL
Looking at their Twitter feed, looks like they are focusing on pricing and marketing.
Vapes have a lot of liability attached to them. In their effort to dump as much liability as they can under Chapter 11, the vapes are going.
I'm always of the mindset, lower prices brings in more customers which ultimately moves a lot more inventory.
I may up my position on these guys. It's a long shot, but there's a lot of money to be had on long shots that pop.
New Jersey LOI
https://choomholdings.ca/news/Choom-Signs-LOI-to-Enter-US-Market
Florida LOI
https://choomholdings.ca/news/choom-signs-loi-to-enter-florida-market-through-investment-in-vertically
Any news from here on out will lift Choom quickly. They are on the verge of being profitable, well positioned in the market and always looking to expand.
I bought a stack of shares at .05 and I thank whoever sold me all those little bundles of joy.
Full PR news release line up here.
https://choomholdings.ca/news
I've been quietly buying Choom up the last month. Once some news comes out about their Vancouver store and New Jersey interests, I'll ride the swing waves up adding shares along the way.
Keep in mind, the stores currently open are in Canada. Choom also has vested interests in the U.S. as well. New Jersey just being one of those.
I'm accumulating more and more shares as well. I see the writing on the wall.
Once Choom announces a strategic presence in the U.S. recreational cannabis retail market, $1 minimum from then on out. Get the shares while they're cheap.
https://www.prnewswire.com/news-releases/choom-signs-loi-to-enter-us-market-through-investment-in-new-jersey-cannabis-retailer-300810293.html
https://www.marijuanamoment.net/new-jersey-lawmakers-advance-revised-marijuana-sales-bill-with-floor-votes-expected-this-week/
Yeah, GL investor relations is in the sewer at this point. Not even a solid hope turd left, it's all liquified and twirling down the drain.
Oh well, win some, lose some.
LOL, $3.50
In case Choom investors may have forgotten, good news looms for a Choom U.S. presence. This will only strengthen the acquisition of Phivida position already in the U.S.
Go to Monthly Updates
https://phivida.com/investors/
Choom has a stake in New Jersey's legalization, which passed by at least 67%, possibly 68%
https://www.marijuanamoment.net/new-jersey-voters-approve-marijuana-legalization-referendum/
Choom's LOI with New Jersey MJ retailer.
https://choomholdings.ca/news/Choom-Signs-LOI-to-Enter-US-Market
I'm personally strengthening my position with Choom while it's dirt cheap.
Since it's $2 peak, CANB has lost over 80% of it's market cap.
I sense a lot of bag holders wishing and hoping.
90 share volume today?
Holy Moly, at .02 a share, someone either spent a whopping $1.80 or sold $1.80 minus any transaction fees. LMFAO!
GL Brands is starting to look like a dead carp laying on a lake shore.
In regards to wishing and hope.
Wish in one hand, crap in the other. See which one fills up first.
Wow, they are greasing their palms at the expense of the existing stock holders by more than doubling the common shares.
"smart money buying it up"
.02 speaks for itself. Coating .02 with powdered sugar doesn't change the fact. The reality is, GLB is .02, fact. No matter what anyone says, it's .02 and in a falling wedge pattern trending into sub-zero territory.
With no financials, news or statements. What exactly is positive about .02?
Even if there is a bounce by some miracle, most people will abandon ship once they can recoup some losses.
I'm sticking to no news is bad news until I see otherwise. If I'm wrong, I'll eat crow, no biggy. We are all wrong from time to time.
Bad news is bad news, at least we know. No news is bad news as well, but we don't know.
Since GLB refuses to give any updates on anything, I'm going to assume the worst. Until they at least give us some news, anything at all, this is a dead horse and my GLB position is a rotting horse carcass - decaying away into sub-penny oblivion.
So goes speculative OTC investing.
I've been on this scam since last Spring. I got burned on the R/S (like many others). And I see people in complete denial about CANB's M/O.
Like you, I saw .50 coming, I was just off by about 4 weeks.
It's going lower than .35 in my opinion. Lower revenues, over paid board of directors, dilution of existing stocks (gee, this is what CANB does on a regular)
Some of my posts.
It will sink down to .50 by end of July, I said this in a previous post
Ignoring fundamental financials results from a state of cognitive dissonance
I'm not overly excited about CVS.
1 whole product.
CVS Green Lotus
Can't say people weren't warned on here. Ignoring fundamental financials results from a state of cognitive dissonance.
Hence, the denial and rejection of the fundamentals about canB.
No matter the denial, canB is NOT yet profitable, nor is there are reason to believe they will be anytime soon while building up more corporate bloat. canB did not focus on product and marketing those products, but focused rather on establishing a bloated and over paid BODs. canB has continually, and continues still, to dilute the shareholder value to pay for it all.
Maybe they are looking to be bought out? But that won't fix what has already happen to existing shareholders.
I'm staying for the long haul, really have no choice at this point, as anything I pull out won't amount to squat at these prices.
If they release solid revenues and at least get back on the QB listings, I'll have a bit more optimism.
I remember they had trouble with their books after the merger/acquisition of Green Lotus.
Perhaps the recent partnerships have created another accounting dilemma? If this is the case, they really need to rethink their accounting personnel and auditors.
At the very least, they need to keep the investors informed of setbacks and delays with this process. I think most of us can all agree on this point.
I'm not trying to b%llsh%t anyone. I have a long stake in this outfit too. I tend to invest as opposed to day or swing trading. So I expect ups and downs, but this stock? LOL
No matter what anyone says, they have once again been pink listed for failure to disclose revenues. This is just unacceptable. Plenty of other OTC companies keep in good standing with less resources and backing. Two times for GL Brands in the last year. Doesn't look good if you ask me. Not a word, nothing, nada, nope. Those of us who went long have held bags for long enough.
Give us some news for crying out loud. Good or bad, I can handle it. News either way will be fine, if bad, I'll strike this one as a loss and call it a day.
Am I wrong for stating this? Seriously, this is no joke.
Stock is $.03 and struggling to keep even this number.
Last I looked, there were 570+ million outstanding shares, something like 104 million in float. They need at least a 50 million/year revenue stream to make this stock move. Do they have even 1/2 of that to look forward to?
I should have bailed when I was in the profit zone back in the fall of in 2018. I was up a nearly 15k on this lack luster stock. LOL, I should have listened to my gut instinct instead of these boards.
I'm just being real here.
It's looking like an incoming reverse split. Seen other companies do this. At nearly 600 million shares, this doesn't look good.
No news from the company, massive stock float, diluted shares. I'm not optimistic here.
"Smart Money" is in cognitive dissonance. CANB did the same thing before the reverse split. They ended up issuing a total 1.5 BILLION shares, diluting the existing investors into oblivion, then jacked them over again with a draconian 77:1 reverse split.
And they are doing it all over again, but yet there are still individuals proclaiming "smart money" is in play on this stock.
So the reverse split gave us 3 million common shares with an almost non existent float to attract new victims, which it did. Now, CANB has diluted those shares with an additional 13 million shares that can be issued, 4 million of which are pouring into the float as we type.
With this type of systematic dilution of the stock, no way it will ever reach $5 to qualify to be listed on the NASDAQ, not going to happen with the current business model.
As far as I can tell, this is a scam. If it was legit, they would have focused on product sales and revenue before hiring an extravagant "independent" BoDs.
LOL
Providing they stop diluting their stock, it could be a winner.
When they issue those stocks (max issued this round is 13 million shares), that is how they pay their expenses, most notably, the Board of Directors. Many of these shares are being sold off, they want their money.
When, or if rather, they break even on revenues, that's when I'll buy in, until then, this stock will bleed out. I expect at least one more spread of stock issuance once they drain the current offering dry.
With this many shares being issued, it could dip below .50, just saying.
Volume today: 11,631, price remained flat on a falling wedge. With 4 million shares being flooded into the float pool, price is coming down.
I can see with some sense of assurance they will eventually climb back up to 30+ million shares of common stock.
Yep, bye bye for sure.
It will sink down to .50 by end of July, I said this in a previous post.
Everyone ignored CANB's stock dilution back in June yet again. From 2020-06-03
This is CANBs M/O.
Can B¯ Corp. (herein referred to as "we," "us," "our," "CANB," and the "Company") is offering up to 4,000,000 shares of our common stock
They are dumping 4,000,000 shares on the existing 3,000,000 share market cap. Total creation of 13,000,000 shares.
In a month, this stock will be less than $.50 cents.
(1) All amounts in this chart and circular are in U.S. dollars unless otherwise indicated.
(2) The Company’s Shares will be offered on a best efforts basis by the Company’s officers and directors. Accordingly, there are no underwriting fees or commissions currently associated with this offering; however, the Company may engage sales associates after this offering commences.
(3) We expect to incur approximately $50,000 in expenses relating to this offering, including legal, accounting, travel, printing and other miscellaneous expenses.
1-A form below notice of risk to shareholders.
Any investment in our common stock involves a high degree of risk. Investors should carefully consider the risks described below and all of the information contained in this prospectus before deciding whether to purchase our common stock. Our business, financial condition or results of operations could be materially adversely affected by these risks if any of them actually occur. Our common stock is quoted on the OTCQB under the symbol “CANB”. This market is extremely limited and the prices quoted are not a reliable indication of the value of our common stock. As of the date of this Offering Circular, there has not been significant trading of shares of our common stock. The trading price could decline due to any of these risks, and an investor may lose all or part of his, her, or its investment. Some of these factors have affected our financial condition and operating results in the past or are currently affecting us. This Offering Circular also contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including the risks described below and elsewhere in this Offering Circular. In addition to the other information provided in this Offering Circular, you should carefully consider the following risk factors in evaluating our business and before purchasing any of our common stock. All material risks identified by the Company are discussed in this section.
3 month chart is suggesting another lift in price tomorrow or late today. MACD is on the upswing again. RSI 14 is holding the line around 50. Technicals look solid, but who know with stocks. Short term is so volatile and hard to nail down.
GLTA
How so? They have filed to issue 4,000,000 common stock.
This will dilute the existing stock by over 50%. I have said this a few posts back, this current pump is to help dump this flood of shares onto the market. By next month, the price will be half or less. I canceled my buy order at $1.02
Canbiola has done this time and time again. They hired the board brass before they have the revenue and the stock holders are paying for it all.
1-A Regulation A Offering Statement
2020-06-03:
https://app.quotemedia.com/data/downloadFiling?webmasterId=101679&ref=115054856&type=HTML&symbol=CANB&companyName=Can+B+Corp+-+Ordinary+Shares&formType=1-A&formDescription=Regulation+A+Offering+Statement&dateFiled=2020-06-03&CK=1509957
Just be careful on these "fully vertically integrated" companies. Many others have tried this strategy only to find themselves dumping the liability of the growing side of operations.
Producing quality hemp is no easy task.
For extracts such as CBD, it's much more cost effective to buy source product in bulk from dedicated supplier(s).
Until solid financial news comes out, I'm skeptical about CANB and will maintain my buy order at $1.02 (perhaps revise that down to $.95).
How does it make one smart to buy stock that has performed a draconian reverse split (-77 to 1) on it's share holders, and continues to dilute the fresh RS with board compensation in the form of more and more equities?
This current rise looks to me a like temporary pump to issue more stock for the board's salary. BEWARE!
I mean, we still have a company that has a very low revenue stream that is losing millions a year. All of which is upheld by continued dilution of the stock. Take head on this fact. It's not hypothetical or theory, it's the reality.
At today's closing price, the EPS stands at (NEGATIVE) -$1.98 LOL, this is the reality. The higher the price goes, the larger the divergence between EPS and actual market price. What goes up, will come down if it's inflated beyond reality.
Moving average, MACD, almost everything is pointing to a temporary dip to the lower end of the current trend. Look for under $1 buy on the near term. I have an order in for $1.02 but may revise that to $.95 to $.99.
Short answer, YES (edited), and what Aurora does will not affect Choom. Aurora is locked in on this one. In 2022, if Aurora is still viable, they have the "option" of acquiring 40% interest in Choom. All stock dilution from this is already accounted for, we share holders of Choom are good.
Edmonton, AB and Vancouver, BC – November 5, 2018 –Aurora Cannabis Inc. (“Aurora”) (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and Choom Holdings Inc. (“Choom”) (CSE: CHOO; OTCQB: CHOOF) ( “Choom”) an emerging adult use cannabis company that has secured one of the largest retail networks in Canada, are pleased to announce that the companies have completed a non-brokered private placement of a debenture (the “Offering”) in the principal amount of $20,000,000 in Choom by Aurora, convertible into common shares of Choom (“Common Shares”) at a conversion price of $1.25 per Common Share, with a four year maturity date. Aurora has also secured the right to acquire up to 40% of the Company at $2.75 per Common Share.
Aurora secures right to increase ownership to 40% of Choom at $2.75 per common share