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shorts are getting fried now.
I bet any money Tom will put out a press release on Tuesday morning before the open about the closing being done on Friday.
he is also not a fool. he knows SEC is watching every move.
he has to do this by the book. and he has to be truthful.
when he says that both sides are happy with the progress being made with due diligence, he is calling it exactly like it is. this deal is happening.
they are progressing just fine.
shorts are out of fuel.
this is about to absolutely explode.
it is going to run right over the petty penny flippers too.
the payoff is to big.
it is going to be well past .06 by the end of the Tuesday session.
smart traders know that.
who wants .03 and more.
it is coming. who is buying the drinks?
prepare for glory fellow Spartans.
it is going to run like a cyclone today.
just looked at the update again.
this deal is happening.
we are well on our way to .03 now.
go ahead and try to stop this stock now.
a storm of buyers is coming. shorts will be skinned alive and then buried today.
so the slow climb to .03 finally begins.
we set up camp at or just north of .02 shortly and then we blast off just past of .03 today.
fortune favors the brave.
scared money makes nothing. scared money mostly shits.
prepare for glory fellow Spartans.
with the short squeeze today, we will most certainly close north of .03 today.
this is about to get really interesting.
we have the update from the company and the closing is on.
this is not looking good for the shorts.
there will be a short squeeze today.
it is looking like a perfect script.
if it works out, we will be just north of .02 in a little bit and then we may be able to sustain that for a little while.
that will force the shorts to cover in the end today.
that is exactly right.
it is looking good for the squeeze today.
if we can get up to just north of .02 and stay there for 2-3 hours, shorts will have to start covering.
this is looking really good.
you just saw the shorts do all they could. now they are out of fuel.
stock consolidating a bit before the explosion to .03.
shorts are making that one last ditch effort.
cowards and weak legs will feed them for a few minutes.
remember that this stock has relatively low float.
this wont last much longer today.
I think this stock will close north of .03 today.
we expected this temporary dip.
there will most definitely be a short squeeze today.
shorts make that last ditch effort but it wont work this time.
now the buyers are stepping in and cutting them at the pass.
8 million traded in a matter of seconds.
game on.
lets party.
and there you have it folks:
shorts have managed to keep this stock price down artificially.
it is now a coiled spring ready to absolutely explode.
this deal is closing in a few days.
it is going to be hard to stop this stock today. it is certainly looking like it.
it is looking strong right from get go.
shorts will try to hit it soon enough as they can see that volume is not quite there again.
still it will have no effect this time as it went as low as it could yesterday. all that is going to happen is a temporary dip that does not last too long at all.
it should close around .03 today.
cheers.
ok. I will just charge you a bottle of 12 year old scotch then.
cheers.
cheers SCOTCHaholic.
we are winners already. we were lucky enough to discover a great Canadian company like Abattis.
ABATTaholics.
we are master ABATTaholics.
I am going to have to start charging you for my opinion.
where can I send you the bill?
my opinion weighs more and has better value.
ATTBF:
even without the license we are worth about $3 right now.
that was one hell of a press release today.
at any rate this is still the best in class stock. I like the company and I like the brilliant leadership. business model is engineered for success.
all that is needed is patience and some belief. I have that so I will just kick back and relax and sip scotch.
I will let others worry about the current weakness in the cannabis sector.
it is allowing me to be buy a lot of stock of quite a few companies.
my firmest belief is with the Canadian companies so I am very long in a couple of them. ATTBF is one of them. SPRWF is the other.
ATTBF remains my largest holding. I will be looking to accumulate tomorrow.
prepare for glory fellow Spartan.
and we are getting NASDAQ.
fellow Spartans:
prepare for glory.
why are you even here?
state your business shorty.
surely there are million other stocks. go worry about them instead.
why worry about FRTD at all if you have no use for them?
oh I know. you are here to save us from losing our few precious pennies.
that is just about correct.
except you will get "in kind" exchange of shares. no money or cash.
now imagine if that new stock takes off.
so this is really a no brainer. you are getting an almost instant and guaranteed return if "12 cents is on the table" and cant fall off.
also remember that they guaranteed 12 cents so they are not going to run.
they approached FRTD and not the other way around.
they could have easily guaranteed nothing and just said that lets just wait until all the due diligence is done.
and now Tom is saying that 90% of the due diligence is done.
I just keep wondering about the new entity.
this could be a massive deal.
imagine this scenario: 12 cents are already on the table and it cant go any lower. that is the clause in the letter.
you get "in kind" exchange of shares of the new entity and that stock starts to take off.
this is why it is well worth the risk. also the new entity may have deep pockets as well as access to capital and equity markets to raise funds for expansion and growth.
Tom is making this work for the benefit of the shareholders. also this deal is going to make him very bloody rich so there are incentives all around.
12 cents are in the bag people. what part of that do you now understand?
all that has to happen now is for the deal to close in a few days.
so if you want to benefit from this deal, you are going to have to be a fairly large current/existing shareholder of FRTD.
do your own homework. talk to Tom if you need to. send him an email.
as for me, I have done all my DD. I am all in I want the shares of this new entity.
I am mega locked and loaded and I may even accumulate some more tomorrow.
fortune favors the brave.
scared money mostly shits.
do your own homework. I am not asking anybody to buy or sell. that is your own business.
thanks for posting that.
now people can clearly see the deal:
no tax consequences either with the "in kind" exchange.
12 cents are already on the table so you know you are getting that.
now if the stock price does well for the next 2-4 trading sessions, that might strengthen Toms's hand in negotiating an even better value for his shareholders.
so we win no matter what. all that has to happen is for the deal to close on the 30th.
every indication is that the deal is happening.
he cant wait until the 30th to announce the deal.
he already said that the due diligence period was 10 days and that 90% of it was done already.
he also has no choice. the way the stock price is behaving right now, he will take that 12 cent deal.
the cannabis sector is not doing all that well right now. volume is picking up a little but vast majority of the cannabis stocks are hurting.
we need make some major bucks with this deal.
lets just do it.
we most likely are.
today's price behavior is sending out a signal.
it may end up being a great day. great way to start a memorial day weekend.
with a bullish/positive press release tomorrow, I can see SPRWF making a little run to 15 cents or better.
that is more than just possible.
have to like these prices anyway.
we all know they wont last. just imagine the price of this stock about 2 years out.
check this out. this is just another reason why FRTD is doing everything by the book.
there is zero hint of any wrong doing or deception.
http://finance.yahoo.com/news/finra-sec-deflate-marijuana-stocks-201642771.html
this deal is happening. it has not sunk in with some people but it will when this stock shoots up 300% in a single trading session.
next explosion is going to be much bigger than the last one which was 203%.
given the fact that 90% of the due diligence is done according to Tom (CEO) and also given the way the stock price is going,
I think they might make a joint statement sooner rather than later.
it could come within the next 3 days.
either way this stock is setting itself for an absolute explosion.
sooner or later it has to give and blast off.
very simply because this deal is happening.
this is good stuff.
this is why I placed this bet.
its the shorts.
it is to be expected. their game is about to end.
also there is one other thing to note:
look at the beginning and the closing price today.
what the shorts are doing is very risky now. they can only drop the price momentarily so to speak. by the end of the trading session it is right back to where it started.
that dynamic tells us 2 things:
1. shorts are taking too much risk. you know they had to open a margin account to be able to short. they can lose considerably more than their initial investment. for example the shorts got butchered on the day the stock jumped up 203%.
2. at the same time our own risk is reduced now to some extent.
price really cant go much lower. dips are temporary at best as you saw today.
perhaps it is this particular dynamic that the potential buyers were waiting to see. this leads to me to believe that would be more willing to jump in and take a shot at this.
so in other words the risk is substantially less at snatching up a few hundred thousand shares at this current price.
this particular window---to snatch up the shares at the current low price--- will close very shortly as sooner or later this stock is going to explode again. and this time more than 203%.
very simply because it is being held down artificially.
we just need a catalyst and this stock is gone. even the slightest hint at who the acquiring company is will sent this stock soaring.
buyers are just looking for a little more concrete evidence that this deal is happening.
I personally think it is because it puts the company in one hell of a legal bind if they wait until the last minute to announce that is there is no deal.
and not only with the stock price drop to near zero, they will also find their stock halted and their CEO behind bars.
so the deal is happening.
I am ok with my bet. I will take the risk.
the longer the shorts keep it down the greater the explosion.
shorties taking advantage of low volume today.
not enough buyers willing to bite yet. they were biting 2 days ago when the stock scored 203 percent gains.
evidently they took their profits and now are on the sidelines waiting for more concrete info on the acquisition from the company.
Tom is going to hit them with a press release in a day or two.
so the next 200 percent explosion is going to happen when we least expect it.
I think it's a good bet. Tom is probably working on that press release.