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"You [Hunterdog] and I get it. Most of these fools have never run a business and they are looking for a quick buck because they spent their rent money on Ngw. They have no concept whatsoever. I wish the weak hands would liquidate and move on. Look forward to meeting you at the shareholder meeting one day." -
Clonemaster
11/22/2019
I don't know how anyone can say they'll have the last laugh when they sold at 0.10 instead of 0.70. I mean really...you sold at 0.10 rofl.
"This is not a pump and dump stock, hopefully, but is the OTC after all. You have one of the most highly regarded cannabis breeders on Earth, you have state of the art production facilities, and the largest cannabis market in the USA, which has a shortage of product. Production has ramped up and distribution is happening to retailers that have been begging for their product. I'm very optimistic NGW will move to Nasdaq within the next 1-2 years and with that institutional buying. The stock is has been on my screen for awhile and a very possible acquisition target in my humble opinion as well. Looking forward to next earnings announcement!" - Clonemaster 10/28/2019
I think when the stock hit above 0.90, it probably triggered a lot people's limit sell order.
I agree with Sam. Prices can vary wildly with small trading volume, especially with OTC. I wouldn't try to read too much into it. As a matter of fact, I don't really pay much attention to day to day fluctuation because I know it'll be years before I actually sell. It's been a nice run-up but far from where I hope and anticipate the stock will be.
I give up.
Congratulations!!! No one will fault you for selling. Well deserve!!
He probably left or is lurking around. It's hard being reminded everyday that he sold at 0.10.
I don't have any problems with people buying or selling at any point. They all have their reasons. It's just funny that he should sell at 0.10, come back and tell people they are foolish for sticking with the company when the price went up to 0.30.
Seriously Chuck. He was referring to Leigh, not to you.
It is exhausting to have to respond but I guess I will. Simply having debt will not turn away smart investor. If that is the case, then no one will invest in Apple because they also have debt in the form of corporate bonds. Sheesh!
Great link. This is exactly the reason why people should look at the balance sheet. They've strengthen their balance sheet this past year with tremendous revenue growth while staying profitable. If the concern in 2019 was whether they can stay afloat, 2020 should put that to rest. If there is an inflection point in this company, it would be now.
Chuck, imagine if you had listened to all those people who were whispering in your ears to sell sell sell. You could have sold all your shares at 0.10 just like clone.
I hope people don't assume my comments regarding their $20mil a year revenue means I'm bearish on the company. I'm not. I was just commenting how the company is not large enough to be really be considered by large institutions.
I also get a sense that people are looking to see a run up on the stock. I would love to see that too but we need to temper expectations a bit. It's probably hard to do that given we're in an unprecedented bull/bubble market where some stocks have return 100%-600% a year simply on hype. In any other time, 400% return over 5 years would be spectacular. I think this company will produce at least a 400% return by the end of 2022 ($1 pps if you bought at 0.25 pps). I would be very happy with that.
As much as I like this company, I don't think institutions are going to invest in companies that have annualize sales of 20mil. A lot of companies can do that easily or more. Unless, they can show they can do much more revenue than that or have concrete plans to do it, it'll be the small investors that really carry this company. If everything goes right with expansion, I would expect revenue to be around 20-25mil in 2021, 35-40mil in 2022 and 50-65mil in 2023 (without any further expansion plan). This is going to be a long-term investment and I hope people realize that.
Ordinarily I would agree that it's overkill to halt trading simply for an expansion plan announcement, but in this case, I can see the value in that. This stock is undervalue given it's current financial situation and it's simply a lack of investor awareness. How do you get new investors to take the time to look? Sometime doing something like this causes more investors to say "hey, what's going on with this company." Maybe they'll say it's nothing and move on or maybe they'll take a closer look and find the value in investing. Maybe they don't invest today but maybe in the future. If it simply gets more eyes on the company, then I say it's a win.
Just like I would be kicking myself for selling at 0.10 instead of 0.30. You're right, talk is cheap.
The problem is that Chuck is looking at the exchange rate between CAD and $US in absolute terms instead of as a percentage. As the price of the stock goes up, the difference in price between CAD and $US will increase. It's really just a simple math problem. For example:
If the US stock price is $0.10 and the exchange rate is say 1.3, then the stock price in CAD will be $0.13 CAD. This is a difference of 0.03 in absolute term.
If the US stock price increase to $0.20 and the exchange rate is still 1.3, then the stock price in CAD will be $0.26 CAD. This is a difference of 0.06 in absolute term.
CFO Matthew Jewell purchased some more shares yesterday. I think there's a mistake/typo in the filing per share price though.
Chuck, given how you began your post to Michael, I can understand his reaction, though he could have done without the initial comments. He was simply posting a study on cannabis and your reaction is what does that have anything to do with NXGWF and oh, by the way, why is your share price so low. It's like asking a Tesla executive what a study about electric cars have anything to do with Tesla. You would also think that if Michael knew the answer to your question, he would have done something about the share price by now. He has no control over the share price.
Generally speaking, founders of companies are not born, trained or educated to be CEOs. They are the people who came up with an idea, a product or a better way of doing things. Jimmy Lovine and Dr. Dre are not executives or CEO. They are producers and musicians who knew a thing about music and branding. They had to be CEOs of their company. They took a mediocre headphone product and turned it into a multi-billion dollar company that eventually sold to Apple. I'm not saying that NXGWF will become the Beats of headphone. I'm saying that the expectation that a founder of the company somehow miraculously becomes a great CEO is unrealistic. That being said, it is incumbent upon them, that they do find someone who can fill that role. I do give Ryan credit for attempting to appear professional in the most recent promotional video. I think he took some of your guys' comments to heart. Though, I find it interesting that he still received criticism for attempting to look professional--the very thing he was initially criticized for. It's damn if you do and damn if you don't.
Until earnings are release, there's really no point in lamenting about the share price. It's not going to move until we see solid earnings and a good balance sheet. You won't get any sense of that until they release Q1 and Q2 earnings. Yes, they will eventually have to show us the numbers.
I suspect it's a contract dispute with some of the original members of SDC. The original SDC purchase agreement price was contingent
on meeting time-specific revenue goals. Maybe it's a disagreement with the interpretation of the purchase agreement. Maybe some of the original members were let go because they weren't needed anymore (like the scary people chuck saw at the CBD store) and are salty about it.
Look, it could be anything. Getting yourself tied up in a knot about a lawsuit that may or may not have any merit is pointless. It will get decided one way or another years from now. All the while, business will continue as usual.
I appreciate it whenever a celebrity endorses CBD or cannabis. However, sometimes they go a little too far with their endorsement. The statement, "And the doctors continue to tell us they’re the healthiest kids they’ve ever seen and they refuse to give them flu shots, refuse, because their immune systems are so strong", makes me cringe. Doctors don't refuse to give flu shots.
I will say that if NXGWF were to be sued, it probably won't be their last. Companies get sued all the time, whether the lawsuits have any merit will be up the courts to decide. Lawsuits will come in many forms, from disgruntled employees to contract disputes.
As to a group of employees being laid off or fired (use whatever term you like), the reasons behind that decision, though difficult, might be necessary from a business standpoint. Is it a decision that is necessary to ensure that the company reach profitability or to even continue doing business? Are those business concerns further amplified by the coronavirus?
From the standpoint of a laid off employee, yeah, it does suck! Nobody ever believes that they should fired. You might be angry. You might even file a lawsuit and you might even win your case.
All these things might point to a young company in trouble or it might point to a young company wrestling with hard decisions and making those decisions in the best interests of shareholders. It might even make the company look selfish and greedy.
Look, the company's share price has already been beaten down. The share price already reflects all the concerns, known and unknown. I mean the market cap is less than the cost of their land and facilities. So this altruistic desire to warn shareholders sounds to me like someone who just wants to burn the house down.
Nobody is saying they know the inner workings of this company. There's certainly a lot of things they could have done better. I for one wished they didn't let Leigh go without having someone to replace him. This company may go bankrupt like a lot of new business or it might overcome its early struggle and succeed. I might lose all my investment or I might make a fortune. That's the risk I take when I bought shares. I just hope management does not give up despite their early struggle and to continue to make those hard decisions in the best interest of the company.
It's happening to a lot of businesses in California that are forced to shut down. Close business, let employees go so they can get unemployment benefits, and rehire when shut down is lifted, assuming they're still in business.
As long as NXGWF can becomes profitable and able to expand, we'll all do very well.
You're right. Investors are not paying attention given the current market distraction. This should be at least 0.15.
Based on these numbers, I would expect revenue to be around 1.5 mil USD for Q1 and 2.5-3.0 mil USD for Q2.
Like I said before, I think HartLuck could be an even bigger piece of the revenue pie.
That kind of statement by that CEO really does a disservice to the CBD industry.
I agree with Hunterdog's assessment regarding NXGWF.
Their recent corporate update seems to indicate they have it implemented as of the new year.
I know a lot of people talk about flower as the main revenue and it's important, but I think the HartLuck CBD brand could be the biggest driver of revenue. If they can get it on as many store shelves as possible, it has the potential to be really big.
I don't think he can answer that question to anyone's satisfaction. The stock price is a reflection of investors' perceived value of the company at any moment in time. Right now, there is no meaningful revenue to accurately value the company, so the price is where supply and demand for the share meet.
What I would like to see is some guidance on revenue, at least for the next quarter. Leigh tried to do that but his guidance were probably too optimistic and did not fully reflect the regulatory risk of bringing product to market.
Chuck, you've become the biggest mouthpiece for anyone who has an agenda.
If someone wants to get people to buy shares, just tweet to Chuck, "they did $5 million in revenue last quarter."
If someone wants to get people to sell their shares, just tweet to Chuck,
"they're running out of money" or "they don't like Mike."
How can these "insider information" be correct if they're not even consistent?
How do you allow yourself to be so easily manipulated?
That extraction site was an existing building that was purchased and retrofitted for extraction and distribution operations. That's why it's not next the main facility.
I agree with Chuck.
Strathmore is correct about the logistical issue faced by Cannabis companies. See articles below about those issues.
https://mjbizdaily.com/confusion-california-marijuana-inventory-tracking-system-metrc/
http://www.oaklandmagazine.com/September-2019/Is-Track-And-Trace-Bringing-the-Cannabis-Industry-Into-the-Daylight-or-Keeping-it-In-the-Shadows/
Two comments I saw from what seems like small business owners:
"This is dope! Id like stock it in my store where do I inquire for wholesale?"
"I was thinking same thing for my pharmacy"
Sorry Craig. Can't figure how to link specific comments.
Interesting comments made on that Hartluck inhaler post. Business owners are asking about stocking Hartluck products.