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I thought the Las Vegas lab was supposed to be fully operational by now.
Why does it need to? At $50 oil is marginally profitable to producers. Below $50 and nobody makes money. These prices are hurting a lot of economies in the middle east.
I bought 2.90 and sold 2.85 same day. Bought back in 2.24, 2.oo, 1.90. Will only add under 2 if it gets there. Imo short term anything under 2 is a buy.
Does Pazoo own Steep Hill?
A watched pot never boils.
This will take a couple months to get back to $3-$4.
VMGI straight to .0001 weeeee! New unnamed partnerships and promises of more stocks weeeeeee! Words like "valuable" yayyyy!
I don't know if I've ever seen a company that makes as little sense with as much effort as this one. Enjoy your ride.
Seriously...and if decay is keeping this down what is keeping DWTI from falling more? Antidecay?
Exactly what I mentioned happened on a smaller scale this morning. Premarket from 1.95 to 2.15. Small selloff in first 10 minutes. Now gaining a bit of steam back. Typically when a gap occurs in the morning, the best time to buy is the first dip within the first 15 minutes of trading. Not much you can do after that. Good luck.
Quite a gap that was too.
I see it hitting 2.20 without enough steam to close over it.
It's a knee-jerk reaction. Oil is going to close below $30 and WW3 starts tomorrow. We're all going to die.
It will trade up premarket. The chart will show a gap up when the market opens. Unless you have access to buying premarket you won't have a chance to buy low. If it keeps running up after the gap don't buy you've missed the boat. Look for the gap to fill and on the dip is when you'd want to buy.
Maybe if it were a stock. Not here imo. No ride coming but back down for a while.
Will be a red day for UWTI tomorrow and Friday. Get out your life jackets.
2.25 if we can break through 2.12
This ETF is just like my old lady...[insert analogy here]
If prices keep going lower with our reserves filled I don't see how the major oil producing countries can keep up with their costs being that for the past several years they have been budgeting off of $100 oil. This dramatic decrease will have to hurt their economies.
You have to research etn and etf decay to know the answer. Without quick spikes up or down etns and etfs gradually decline. They are like circling planes that eventually run out of fuel. Then, when they are low on fuel and something causes the price to want to rise it usually is so out of gas that it won't move up very far.
Close above 2.10 would be nice. Hate the trading pattern this has seen the last week eod. Hold the pattern and then drops in the morning.
Curious to see if it moves on this news. Any thoughts?
Nobody knows an answer to that. If we did we'd all be rich by now.
Interesting play here imo. Surprised no one is watching this ETN.
How long you talkin?
5 Years? 5 years ago this was trading at $55.
10 Years? 10 years ago it was at $52.
Time isn't going to promise any gains. This could just as easily drop into the $50s and never in your lifetime climb back up to $100.
The current market is creating too many optimists and not enough talk about how this could just be a long awaited correction.
Times are changing that's for sure.
This will be an interesting stock this week. A drop below $1.16 will send it down to $1.08. Any break from there and we see the $1 mark and a small bouncewith the bounce. With no real updates I think we saw a small dead cat on Friday. Downward trend unless oil upticks. Staying sidelined to see what this does throughout Monday morning.
Everyone? How about very few. At $25 oil is no longer profitable. Producers have to make money to cover costs. No way oil ever gets this low.
Big question is if you're Steep Hill Labs and MMJ is forecasted to be legalized everywhere why would they not want to be in every state?
Harris Lee, LLC can only exist if Steep Hill lets it. This isn't a joint venture between the two. One is just allowed to use the "best in practice" protocols of the other. That's like saying one hospital is allowed to use the same methods as the other.
They intentionally word the news like this to sucker you in to buying the stock.
Decay yes...both DWTI and UWTI are ETNs that experience decay. But to say that long term UWTI won't see big gains due to decay is to say last year that DWTI couldn't run from the low $20s into the mid $100s due to decay.
You won't see UWTI in the $100s but long term most certainly you could see this in the $10s. Even at $4.50 we're looking at 100% ROI...easily reached within next 1-2 years. Patience is key here. This isn't a penny play.
Big news.
Heck of a bounce! Still not in but that came out of nowhere.
Whoever started this must've seen the news clip tonight in the NY/NJ area.
Nice. Still not in. Waiting to see the close today. Maybe tomorrow before close if it's still around this mark. We shall see.
You want good advice, don't invest in penny stocks. Invest in oil now and forget about it for the next 5 years. You won't regret it.
Nice. I'm still on the sidelines for another day or so. Keeping a close eye here and on HERO. Looking for a good entry to point to make 10-15% roe.
Oh you mean the small appliance store at 2009 Western Ave when you Google Earth the new lab? Yeah, interesting. No other pictures out on the www that we can find. Good luck buddy.
Lol has anyone see any pictures of the construction? They are building right? Anybody look into this? Usually you'll find some evidence they are building a lab.
One that has no financial backing and has tested 100,000 samples of MJ since 2008 (THAT'S 7 YEARS). Lol. PREDICTION: The facilities they are building keep getting delayed, and delayed, and delayed. Then comes the Q.
You don't think there are much bigger fish looking to get into the MJ game that easily have the funds to build better facilities and still have capital in abundance?
Ridiculous. Just trying to help you guys see the light.
Net Loss. Our net loss increased to $2,472,292 for the nine months ended September 30, 2014 from $377,557 for the same period in 2013, which was an increase of 555% . The increase is primarily attributable to an increase in selling, general and administrative as well as a loss on derivative liability on convertible notes which did not exist in the prior year.
Liquidity and Capital Resources. In the nine month period ended September 30, 2014, we issued 100,000 shares of Series A Preferred Stock and 100,000 Series A preferred stock warrant to ICPI at a price of $1.00 per share, the proceeds of which are to be used for the furtherance of the business and the financial improvement of Pazoo. This issuance was pursuant to an Investment Agreement dated March 13, 2014 ( See Exhibit 99.1) in a transaction that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Act") in reliance on Section 4(2) of the Act.
Our total assets were $438,679 as of September 30, 2014, which mainly consisted of a deposit for an equity interest in MA Associates, and $59,964 accounts receivable, the majority of which was advertising revenue.
We had negative working capital of $1,490,038 as of September 30, 2014.
Our total liabilities were $1,928,717 which was mainly comprised of derivative liability of $1,302,003 and convertible notes payable of $554,782 and accounts payable/accrued liabilities of $68,932.
Our total stockholder's deficit as of September 30, 2014 was $1,490,038 and we had an accumulated deficit of $4,992,658 through the same period.
We used $891,272 in net cash for operating activities for the nine months ended September 30, 2014, which included a net loss of $2,472,292 and loss on derivative liability of $557,747 .
We used $279,180 net cash for investing activities in the nine month period ended September 30, 2014.
As of September 30, 2014, we had no formal long-term lines of credit or bank financing arrangements.
So great of news that not even Steep Hill would mention it on their site. Pshh chance of a lifetime HA.
News out today fyi.