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Right, and the were parked at 19 and 20 last week and the stock blew right through them. Meaningless.
Hey CB! Nice entry here. What are your thoughts?
Is that 6M on the ask from Vince?
This info is just repeated from the June 24th press release. Some web sites do that.
Agreed! Here is the opening of the June 24th press release from 13 days ago - I think we can give them a bit of slack on the 1 week delay!!
LOS ANGELES, CA--(Marketwired - Jun 24, 2014) - United Treatment Centers (OTC Pink: UTRM) (PINKSHEETS: UTRM) DBA PotNetwork.tv provided updated information today regarding the re-launch of the Company's web site and upcoming streaming video news and content. "The Company's primary focus of being the go-to media source for everything cannabis remains constant," said James Wright, the Company's new CEO. "The Company's new staff is dedicated to the development of content streaming to all platforms, such as computers and smart phones, as well as television distribution. Revenues for the Company will be advertising driven as it rolls out its content to both the web and television viewers."
LAUNCH of a NEW network including Internet and TV scheduled in about 1 week from now, exciting time for shareholders.
I hear you...there are never any delays when companies are launching major new products. Are you ok? This is a TINY company, Fortune 500 businesses have delays all the time. Sheesh.
LAUNCH of a NEW network including Internet and TV scheduled in about 1 week from now, exciting time for shareholders.
MJ, great and informative post!
Are u ok? The stock went to "$14.60" on share retirement news!!! Imagine if a real decent product comes to fruition!
IF the shares were maxed, the equivalent is 6M shares outstanding at "$2.20" per share right now. With a successful launch, viewer building, advertising, internet, TV, etc., this could easily IMO go to "$15 - $20" per share.
Why shouldn't it only take 3 weeks to establish a new online network with the addition of TV as well? Did you think it should only take maybe a week? You guys hoping for lower numbers due to a delay which is obviously necessary in order to have a successful launch, is wrong. There is so much rooting for a lower price around here. Vinny already stated in a previous post he is hoping for another flip from lower prices. This insignificant delay is a good thing!! Also, everyone thinks management wants a LOWER price. If that's so, why not release a piece of crap network and web site, watch it crash, then keep working on the upgraded site and re-release v2.0 and watch it soar? Why not? Sounds easy. What people post here is so illogical it makes your head spin. The company wants a great product release, PERIOD - hence this minor delay. Incredible.
Question: this should be simple, but from reading the posts here today it may be tougher than I think....here goes, and please don't think too hard - - - - - Do the insiders and management of UTRM want the share price to GO UP, or GO DOWN?????? No long answers, no need to be wordy, please just a simple yes or no. THANKS:)
P.S. I'm only asking about the insiders and management, not a general shareholder who posts on iHub.
Vinny, WHY does it belong at such a low price?
Good point Win, I just think 48 hours from the opening of trading Monday to launch time is only a reason to buy, not sell. Delays happen in all walks of life. I want Mr. Wright to get it right even if it takes longer than the original projection.
You think it will tank Monday with a pending launch only 48 hours later????? Why????
I agree, the new release date is better timing!
Exactly Ducky! What's going to happen Monday? Some think it will sell off, why, so THEY can pick up more shares??!! Because everyone realizes that come Monday, we're only **** 2 **** days from launch!!!
BIG PICTURE: New NETWORK - Internet and TV!! Minuscule picture - a less than 1 week delay???? I can't believe I'm reading such posts. Mr. Wright wants a clean launch, professional product with a first impression that all shareholders and consumers would be super impressed with. And we're upset about a few days delay for what we all hope will become THE GO-TO network for all marijuana news? Ridiculous. I actually thought 22 days from our change in CEOs was aggressive in the first place, so a minor delay of a few days is meaningless and only points to them wanting a good, clean launch.
Does 6M shares for an entire company scare you at a price of $1.60 per share? A 9.6M market cap??????? For this potential????? That is what this company is in effect if it is fully diluted. IMO PotNetwork will command a price of "$20-$25" if it truly becomes the go to place for marijuana news, with "6M" shares outstanding.
Exactly, and if they spent thousands and it was a kick a_s holding page, ALL we'd hear is WHY are they spending money we need to pay correspondents!!! Ridiculous.
Looking for gains from here as well Vince. Your older post is applicable now.
IMO this is just beginning. The issue of dilution from possibly large shareholders is what has hurt this stock. If this didn't occur, the anticipation of a more professional rollout would have this in the 30's. I think Mr. Wright is the right person at this time to set the course.
24M bid from CSTI just hit the board.
Write the new CEO and let him know your thoughts. He may disagree.
FWIW, ETRF bidding over 10M at 14.
So Flem, do ya think that these major holders want to see UTRM succeed or not? You just proved the longs argument that this is going up and for good reason. Where did Mr. James Wright come from? IMO he was recruited, and not by someone with 100 shares. The potential here is waaay to big to ignore at these LOW prices.
Thanks for posting Brian. Actually it's good that he didn't put a definite date of a release as many times these were not met. James sounds like a stand-up guy and the fact Chris is working the transition I feel is also a good thing. Looking forward to PNTV being back online and much better than ever!
...and with many large shareholders counting on success, I think this is why Chris was moved out. James has the expertise to lead the original goal of being the media go-to outlet for marijuana news. Imagine if he succeeds even on a small scale, if the mainstream gets wind of PotNetwork.TV, it can be awfully exciting around here, for sure! Many of us are on patience pills waiting for this to develop.
MAXM back on the bid. They are the ones with the large sell sitting at 52. They have confidence this is moving higher down the line.
Someone's accumulating, MAXM on the bid heavy again. They picked up 5M earlier today at 21. Now back for another 3.5M at 21 again.
Lasur, please forward to the new CEO. These posts are filled with slander unless they can be proven. They are hurtful to the new CEO, Chris, shareholders, both new and old. We have freedom of speech, but there is a limit.
Carlo, I think it's ok for an insider to tell a shareholder not to panic sell, and they're working on a web site. If he told him that they have a deal to be announced next Monday, that would be an issue. Please jump on board at these low prices.
Why? ...and please be specific. The new CEO has been in place for about 10 trading hours.
From the 6/13 PR: The appointment of new management was made in preparation of the Company's next phase in maximizing growth strategies included in its business plan. The Company endeavors to become the primary source of news and information on the cannabis industry. In doing so, the Company will develop a video format that supports a "news network" platform. Distribution of its content will be made available through internet and television sources.
It actually puts things into perspective. The float is "1.4M" with a stock price at $2.50. I don't see an issue with this moving to $20-$25 with new professional management and a kick butt plan set into motion. For all the naysayers, um I mean shorters, time to cover and watch Chris' vision take hold. I too am expecting a PR by the end if the month with details on their plan.
Everyone wanted Chris gone, now a new CEO with experience is here to lead and you're forecasting a bad week? Come on.
Makes a lot of sense, the new CEO works 25 years in the entertainment field, makes a name for himself, retains high profile customers, takes over a tiny company trading at "$2.50 per share with 4.4M outstanding" and is just "a front man"????? Totally ridiculous - LMAO!
Makes a lot of sense, work 25 years in the entertainment field, make a name for yourself, retain high profile customers, take over a tiny company trading at "$2.50 per share with 4.4M outstanding" and is just "a front"????? Totally ridiculous - LMAO!
Why would we lose? Right now UTRM is the equivalent of 4.4M shares at at $2.50 share price. If the company moves forward with Chris' vision, why couldn't the "share price" move to $20-$30?