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Let me get this straight... You're saying you bought shares at $1.50 in 2012, meaning the shares went to $34.50 post 1:23 split in 2013? Can you pull up a chart where shares went for $1.50, let alone $34.50?
Check this out...
We are at the bottom of the chart thanks to the note. Once the note is done, we will start making a big price correction. There are actually gaps to fill in the .03s and .04s. Someone else said also in the .08 range, but I didn't take the chart out that far. The price correction is barring any news. If we get an 8k or more news, with so few shares outstanding, we could move up to multi pennies in a matter of days!
I don't see any dilution from 2013 until now. Even still, as of Monday we only had 132 million shares out... maybe another 30-35 million shares when the note is completely done. That is a tiny number of o/s, especially for a stock trading .00s. Maybe it's just me, but I wouldn't call that a "penny dilution machine". lol
Sorry... I'm trying to catch up, and I missed that post. Please accept my apology.
Ok, you were referring to the company's long-term notes. The amount of long term debt is not a big deal, and there are no toxics on the books, so we are in good shape!
More sideways movement on a day when other MJ stocks are tanking is not a bad thing. We are just continuing to form the handle of our cup. A long period of consolidation after a stock moves up significantly from a bottom is a really good thing in the long run. That's why stocks often move up hard from cup and handle formations. A little patience will pay off big here imo.
Nice to see you, Daan. Yes, OWCP is a definite winner!
Nice to see you, three! The last note is almost done. Although it's impossible to know with certainty, my best educated guesstimate is that Monday should be the last day to pick up any sizable position at these prices.
No, you can have assets, cash, profits and debt. It's like owning a home (assets), having cash in the bank, and a car loan at the same time.
Excuse me for being blunt, but what the #!%*%!# are you talking about???
It's due a major price correction first of all. The company also recently released big news about new contracts with 17 airports and those numbers obviously haven't even hit the books yet. It's a growing company, so it's natural to expect more news in the future as well.
Man, if we could finish churning these .02s and close above .03 on a Friday, we would have to endure one long weekend! lol
In any case, the worst case scenario is that as of 10/31, only half the debt remained. It would only take a few more days to convert the rest at 5% of the o/s per day. We are close... extremely close!
Oh, please do! The sooner we get the rest of the shares in this range into better hands, the sooner we can break out of here! I will continue to add as I'm able.
I guess MCOA didn't get that memo because it keeps going up and almost hit .20 today with 1.1 billion shares and no revs!
Lots of accumulation all day long then taken down eod on nothing.
I think we turned a corner today.
Reg SHO data flagged OWCP even before today. Loading zone here.
They can't let you buy before they cover. lol
Great stuff, cj. People should definitely take a few minutes to read.
If a company with billions of shares can get to those levels in a short period of time, how long do you think it would take UBQU to get there with 95 million shares? All we need is some volume. Hopefully, some profits will move in our direction. People have been so focused on the runners that they probably don't even know UBQU exists.
It's time for people to take profits from those hyped stocks and put them into a real company like UBQU.
I do too, Hana... and not too long from now either. If people knew how big CBD products are going to be, they'd be loading the boat. UBQU is on the ground floor of an exploding market. They already have products developed, and the fact that they are already profitable with modest sales is extremely impressive! They also mentioned that they have reduced their customer acquisition costs from $200 per customer to $20 per customer, so expect to see better profit margins in the future. Here's information about CBD oil from a reliable, government website:
https://www.drugabuse.gov/about-nida/legislative-activities/testimony-to-congress/2016/biology-potential-therapeutic-effects-cannabidiol
Yeah, I'm watching some of that. We are holding gains nicely.
This seems to be trading differently today. Dilution usually occurs in the am with lots of volume and downward pressure. Seems to be leveling off imo.
The company just gave us a crystal ball, but some people are blind. lol
News this morning shows company is working diligently to improve customer experience. Fast shipping is crucial to be competitive these days. Thanks to Amazon, people want things fast. I order so much stuff on Amazon because I can have stuff at my door before I can find time to make a trip to the stores. I don't even think about comparison shopping because the convenience of having my stuff within a day or two is worth more than a little savings elsewhere. When people are shopping for CBD products, they will order from the merchant that can get the product to the door fastest.
Nice to see some volume coming in. Reversal confirmed today. We could see .031 break.
Freaking insane! I don't get it.
Anyone willing to buy shares that are restricted for two years must have confidence in their investment.
No idea. Private placement at .13 was a discounted price, and those shares are restricted for TWO YEARS! I guess people would rather trade bloated pigs. I'm doing a lot of head scratching watching some of those others with BILLIONS of o/s run on NOTHING! lol. OWCP is obviously being shorted, and they're going to have to cover at some point.
Aren't we all. Premarket sounds like a good time to me. lol
Share price has nothing to do with whether people bid sit or ask slap. It has everything to do with whether there is more buying or selling. Don't worry... buying will outpace selling once the note is done, which is SOON!
If they release an 8k like that, we will go ballistic!
Their market cap is over $130M and ours is less than $20M. lol
Check this out:
MJN* with over 2.8 BILLION shares closed around .23 today for a market cap of $457M with revs last quarter $1.7 million and net loss of $4 million.
MCO* with over 1.1 BILLION shares closed around .12 today for a market cap of $82M with no revs so far.
UBQU with 95 MILLION shares closed around .028 today for a market cap of $2.6M with revs last quarter $904K and net profit of 81K.
If a stock with 2.8 BILLION shares can sell for .23 with less that 2x our revs and a net loss of $4M, does anyone doubt that UBQU with only 95 million shares and a net profit each quarter can trade for at least .23 per share? How about $1 per share? It’s plain STOOPID that we are at .028 per share! Guess who's gonna keep loading?
I'm sorry, Allen, I don't understand your question.
Still here, MADD? Nice to see you!