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He is laughing all the way to the bank as his credit to date is almost $10M in debt, minimal revenue and he and his staff keep collecting a paycheck for running a money losing business.
Keep buying. Plenty of inventory here. I think these frauds are promoting another penny stock with no revenue as well.
Great analysis and I have been singing this tune for over a year. Their constant need to promote and inability to post any revenue is a recurring theme here.
And by the looks of things (down in pre-market), all these non-material news announcements were nothing more than a coordinated effort with the fraudulent promotional campaign to move more insider or seedy investor paper. You really have to question managements decision to allow this to happen. Writing is on the wall when NOTHING has been said about revenues, or lack thereof!
Cat is out of the bag on this one. Just another Canna-Sham!
Which tells you that these fraud promoters are doing nothing but moving paper for someone - if not themselves!
Plenty of stock for sale right here and every penny from here to $1. You would think with all this HYPE and PROMOTION, it could easily break through this level with all this volume. Smart money knows to get out here it appears.
Company has no business. Just a bunch of potheads trying to mask an elementary technology into a business when the reality is this company was nothing but an ATM machine for Dutchess Capital as the company cannot make any money on a consistent basis.
I like shorting this stock because I think it is extremely overvalued and does not have a valid business model. How much more money did they lose since they raised all this money?
Considering they still fail to monetize on another 100,000 potheads, the number could be 10M. The fact that the company has to resort to promotions surrounded by non-material news is a major red flag. When the music stops, watch how hard it falls...AGAIN!
You fail to realize that if they supposedly got rid of all their convertible debt (as stated in their last non-material news announcement) and the stock is trading 400K shares a day, who is selling. Either they are not being truthful or insiders are bailing before the bottom falls out. If their were not any more cheap shares being converted or insiders selling in volume every single day, the stock should go up $0.05/day until the remaining balance of the $0.90 option holders convert and put more pressure on the stock around $0.98-$1.05 again.
Something really stinks about this one!
NEVER!!!! Stock may not get above $1 with all this suspicious trading going on. Compound that by the company's inability to sustain any profitability and this "dog with fleas" may test the $0.50 levels again!
Nothing but a paid for promotional report (read the disclaimer) that was most likely paid for by one of the scumbag firms looking to liquidate their cheap priced paper issued by the company. Probably Dutchess, Maxim or one of the usual suspects.
Still quite of bit of stock at these levels.
Just insiders...
More frivolous news that does not mean anything more than one of the scumbag firms they are forced to take money from and issue low price paper to converted more low price paper and flooded the market hence the reason why the stock has been under constant pressure. Just look at the pre-market, another 20K on the offer at $0.80 so someone is not a believer!
Just watch how the stock still goes nowhere as this news, much like the past 5 announcements, all do not state any concrete facts on revenue or company's ability to be cash flow positive. All this announcement means to me is that these potheads raised more money to keep their jobs a bit longer.
I see this sham of a stock trading almost $700 worth of stock today. Things are looking up for this scam. LOL
But the underlying problem is that this company has not made any strides regarding exemplifying that they are a real business or have the ability to show and maintain any assemblance of profitability. They have lost millions upon millions and have not provided any credible proof that they have any revenue. They raised all this money at the expense of you long shareholders and appear to be spending it on nothing more than salaries to keep these potheads employed and collect a paycheck. ZERO has been done to show that they are focused on making a real business out of their elementary technology in an ever changing, suspect industry.
Lets see about that. Keep buying this garbage and at the end of the year lets see where you stand.
CA Cannabis Business Expo - what a joke. I am sure that will be covered by CNBC! - LOL. Name just one credible, sophisticated investor that will be in attendance. I am not scared of pot, I am very suspicious of the public companies because 90% are all stock scams, have to use paid promotion and run by pot heads that have ZERO experience in the public markets. This industry was and still is a major target for all the stock scammers and bogus promoters.
Proof is in the stock price, trading volume average and acceptance by mainstream investors. This sham has not one of those! Keep supporting this scam, you cannot get that hurt when playing with a "trade by appointment" $0.10 canna-scam stock.
Company is garbage. Just look at their past CEO, minimal liquidity and lifeline of dealing with a bunch of non sophisticated potheads that are in this industry.
This company spends more time attending every BS, promotional, stock pushing conference such as that one and the worthless ARC View conferences and NOTHING comes of it. The stock always gets hit which tells me it is a desperate attempt to push insider or one of their unscrupulous funding sources paper out the door. They need to spend more time behind their desk trying to operate a sustainable, profitable business rather than wasting money on these worthless events.
You are better off playing the penny stocks that have real fundamentals and trade with volume so you have liquidity. This dog has way too many fleas - just look at how they went public, the players involved and the legal issues of the last CEO.
Which big trading outfit do you work for that your would be "high" on a fraud of a company such as this?
Just look at these piss-ant bogus companies such as this one and other public ones. All scams that will never make it out of the shadows of the micro-cap frauds and be recognized by real bankers and investors.
Surprise, surprise...Sub-$0.80. It appears company is just sitting back smoking pot and collecting paychecks from the last funds raised at $0.50 in which all those shares hitting the market. Company still is not in Google play, still not making money and still had not shown a path to cash flow positive sustainability. Something very fundamentally wrong here!
As predicted, we should be in the $0.70's today as constant selling (probably by insiders and people frustrated by the lack of execution and ability to communicate fundamentals of the company) continues everyday. With the promos over (they were probably paid for by Dutchess and others so they could move their large blocks) and the industry out of favor, going to be a struggle for this one to move higher.
Just exposing these canna-scams and the entertainment of hearing how naive people are regarding this sham of an industry.
I will take my chances. This is nothing but another canna-scam. Industry is out of favor and nobody cares about this company or industry in the REAL public markets. They are nothing but a breeding ground for scams.
As I stated for months, nobody cares about this sham of a company. The public vehicle is nothing but a trap to put money in the pockets of the few sharks that hold all the cards from years ago.
I would be very concerned here as it is obvious someone is dumping shares at every opportunity, the company has nothing material to say about the actual business and the sentiment for these pothead companies has subsided.
This company raised money from short term funds that promoted the stock, flipped their shares and now left the carnage to the public. It appears that the company is just milking the cash in the bank to draw salaries and not focusing on becoming a profitable, sustainable business. Stock will be in the $0.70's tomorrow at this pace.
Quite a few things do not look right. More non-material news that is ambiguous when it comes to their fundamentals.
Millions of shares been traded at these levels. The fact that the company reuses to divulge any material information regarding their actual business (that is if they have any) - they only talk about industry related topics and websites and never about actual numbers should be of concern to everyone. They raised all this money and many are curious if they are just going to squander it away or not.
You must not of gone back far enough. I posted that MSRT was way overvalued at $1.50 and shorted it all the way down to $0.50.
This company will go under soon enough. Has scam written all over it.
Lets really see if they are cash flow positive this quarter. Looks like they are spending money on new hires but no validation of making money, user growth or quality technological advances with the platform. Went to a conference in NY a few weeks back and what I learned is that many dispensaries are struggling making ends meet and concerned how that effects their ability to spend on marketing and mapping services.
Ton of supply here. Going to be tough to break and maintain $1.10 anytime soon. They wore out their welcome with the promoters as everyone has move on to their next scam and now lets see if it can maintain the volume surge caused from the promotion.
Just look at the outcomes of the companies I post about. This one will end up the same!
Stock is a sham. No business, shady players and in a very suspect industry that is run by traveling car salesmen and potheads that have no clue how to run a business.
Company, management, shareholders are all a scam. This company does no business and the truth about many of these canna-scams is all over the street. Party over potheads!
Considering the company conveniently post rather non-material news when the stock is being promoted again this morning tells me they are in on the promo and unloading paper for one of their non-credible, toxic financing partners that keeps putting money in to keep this non-profitable operation afloat and taking it out at profit from the market. Why have not we heard anything regarding business or user growth? Maybe because there is none!