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The only problem with that theory is that in the meantime all of the shale oil speculators are losing money at the same time they have loan payments due. This is a push out by major oil now that most of the exploration, speculation and excavation is done. Maybe 10%
That's the main problem here. Everyone wants to use Bill's script of hypothetical scenarios to refute the facts of the matter and what truly is...
You mean aside from the fact that the property is only zoned for 5 employees and 60,000 sq ft of agricultural use, they haven't applied for any changes in the zoning permit and they've never employed even 5 people ever across the dozen or so corporations, shells and trusts they've created? Then I guess...nothing.
Because in every HEMP PR, they include the ticker and description of the members of the IHMMCC: HEMP, DEWM, REVI, NSCT, HIMR, LIBE, WBXU, LKEN, GLCO, VAPR & STBV. ALL of those tickers get HEMP's PRs... It's kinda obnoxious but it's iHub doing it, not HEMP or STBV.
I see two 42.3M buys this morning. Not sure what you're looking at to say otherwise.
This also isn't Bill's only, or even primary, business interest in the US or Canada...
Ahhh, didn't know Sykes had his hand in here too.
My take on it is that despite a lot of strong fundamentals, the pps HAS dropped this far. As the article states, the behavior of the stock over the last two months has mirrored a pump and dump without any preceding pump... The article seems to attribute this to WoWS losing interest in the stock post-merger. There is no other tangible catalyst to account for an 80% drop in share price with revenues increasing quarterly.
Everything looks legit about the article. The numbers from the 10Q are accurate. The A/S is accurate. The convertible shares look accurate... Nothing particularly stellar or damning in there about VPOR.
I made about $85K here as well. This has been far from a bad investment to many people this year.
I remember it being a way to make Jim a 1% shareholder of FITX... That field has got to be one of the most expensive pieces of real estate in Ontario for what you paid for it...
Haha, I had completely forgotten that they were "leasing" the land to begin with. Good call!
Two words for you : site selection.
They are planning to grow indoors, correct? I'm sure there are ten thousand better places to set up your indoor facilities than cousin Jim's empty field...
Do YOU mean the same "seed" money he had in January which was invested by anonymous sources during their initial interviews? OR the "seed" money he announced he got from PHOT during their meeting at ARCview? Or the seed money they just got from selling part of the company? Its so hard to keep track these days...
Only different situations in that one of them was interested in obtaining a license to grow and one of them was interested in obtaining investors at the end of last year...
I recall they made the announcement in November and were licensed in January... But that's obviously impossible since it apparently takes 6 months to even build a fence in Canada...
I see a whole list of approved growers that didn't seem to have to much difficulty obtaining a license. Tweed took what? 10 weeks from announcement to leasing the building and retrofit to getting a license. It is not this clandestine process. The rules and regulations are clearly documented for all to see on the internet, unless you want to drag it out for months or years...
I'm not following "how" in the least... There are like 8 companies that are cooperating together in the OTC market. Hemp seems to like to flaunt it and STBV just happens to be one of them...
As I said, iHub attaches it to this board because their search algorithm finds "STBV" in the body of the PR. Has nothing to do with any action on the part of either company. ..
STBV's ticker, along with several others, is now in all HEMP releases because of their affiliation to the hemp/MJ committee headed up by HEMP's CEO. They are sorted and attached by ticker symbol, not content.
Exactly how many times and ways can you "restructure" a company to manage 5 employees?
They have been dumping US and Canadian investor's money into that lot for a decade. Nothing new...
HUH?!?! Companies with absolutely ZERO revenue have market caps in excess of $100M all over the OTC but STBV with $3M in liquid assets, profit and an actual, functional business is over-valued at a $10M market cap?!?! Please, do explain...
Yes, it's been established that 30 billion shares were sold top accredited investors during that time period and has been validated by the O/S increase to reflect the same.
ACTUALLY, what it proves, if anything, is that Andy didn't just give them to STBV insiders to get rich off of.
They did. But the government supplies 80% of the water in Wash. State and is threatening to turn off the water to any MJ farm because federal resources won't be used to facilitate breaking federal law. They are attempting the same thing in Colorado but Denver is on private water so it wouldn't have the same level of impact.
With the new threat from the Federal government to turn off the water to MJ farms, that could be a considerable wait since about 80% of the state's water is provided through deals with the federal government in Washington state. They are attempting to do the same thing in Colorado but it wouldn't affect Denver or any of the immediately surrounding areas. The areas around Peublo and beyond would be though.
There are profitable companies that trade under a penny... For a startup company doing about a million in revenue a quarter right now, VPOR is trading just as you'd expect it to.
It's a combination every day... There are always 8 - 12 separate brokerages playing both sides because they represent more than one person... For instance, ETRF, is E-trade. There are usually 200 million or so being bid on at .0002 and being sold at .0003. It's EVERY E-trade customer combined to total that amount, not just one individual. NITE is Knight Securites, they are owned by a trucking company and manage those assets but also facilitate soft dollar transactions so they are used as an MM more than a brokerage around here usually. BMAK is BMA Securities and is also used as a clearing house. Their bid stays 10K on bid and ask even if they have 3 billion shares behind it.... They never show their hand. Fidelity is similar, they only allow 10K trades of OTC stock. You can buy as much as you want, just 10K per trade. Everyone is buying and selling based on the first come, first serve age of their order.
Both retail and MM buyers and sellers are visible in L2. You see the accumulated volume of buys and sells from each at the best buy/ask.
While everyone seems to go with the opinion that the seed investors have made a killing here... What a lot of people don't take into account is that people with money understand that Uncle Sam gets more than his fair share of it. The more they make from selling it here, the more they owe back to the government.
It is advantageous for the billions of shares to get unloaded at these levels because it severely lessens the tax burden and also allows them to move more quickly. I, for one, don't see this price point as the stock collapsing as much as I see it as a means to an end. People would still find reason to be irate if they were selling these at .002 instead of .0002 or .0003. It's the best compromise for everyone right now.
Eventually, they too will run out of shares and it will move to 4 etc, etc, etc. At this point it is difficult to believe there are many gaps left to be filled down here so movement should become more fluid once inventory of .0003s had been exhausted. By my count, there are only about 2 billion right now and we move almost that much in a day most of the time. I think 500M a tick or less will be common in the near future.
Over 900M in shares at .0002 flashed across the trade screen yesterday and no one got any. The bid volume did not even flinch for a moment. Around 600M sales at .0002 today as well and the bid continued to grow, not shrink. By my count, that's around 1.5B shares that could have satisfied the equally as massive bid for shares at .0002, yet no one is getting filled. Because the bid remains a daily spectacle and my personal orders are not seeing any shares deposited into my account. Watching these dumps of 9M and 90M shares at 0002 is a result of the continuous accumulation at 3 and 4. The shares eventually have to come from somewhere...which either requires actually buying more at some point or releasing more into the wild from the offering. BMAK, VNDM & VFIN can't just endlessly sell shares they don't have.
They showed almost a billion 2s yesterday too and it didn't touch the bid. I am of the belief that those shares are being "sold" to bring them into inventory to be bought retail at .0003 right now.
Last buy for me was at 4 and if I could get my 2 bid filled I'd still be very much green instead of down for the moment.
Well it hasn't been very difficult at all actually and they haven't been diluted by 12000% that's a ridiculous exaggeration.
Guess we'll just have to buy at the bid and sell at the ask and settle for taking profits every trade...
Not gonna happen. Current share price is secondary to building a successful revenue base right now. Best we can hope for in the next 3-6 months is that sustainable revenue is achieved to mitigate the need to release even more shares and bolster shareholder confidence in sticking to their personal selling point. Just my perhaps insightful opinion though.
I think everyone is waiting to leave those 2 bids behind instead...
They loaded what, 900M shares yesterday @ 2? We're almost through them but 4s will probably be light. I'd like to see them disappear and become 5s instead personally...
Icebergs...
217M miles is what they said on the radio. Closer than the moon... But other meteorites hit Earth almost daily.