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There are large investors who are controlling these pump and dump scenarios that we continually see with this stock. Some people are making money but obviously there has to be those who panic and lose their shirt.
This will not stop until they show solid financials. Reducing cash burn rate being the big one. It has been a fascinating ride over the past years. There has been a huge change in direction since the management turn over. I think 2020 will be a big year for these guys.
Most of the big LP's have expenses two and three times their rev's. Namaste should be able to show a profit in 2020.
Lol, NO
We are back to obvious manipulation. You sell it to me then I sell it back to you . Then repeat, each time dropping it's price. At the end of the day we all have the same number of shares.
Infused sugar could be the biggest mover for Choklat. You will be able to put that **** on anything.
I have zero problem with Brad talking about product. How it's made , why it is better quality and so on.
What I worry about is when they make statements about such things that could be deemed pumping. Saying that there is big deals coming or huge news. Talk product , talk shop but leave the rest to material releases.
Meni has cleaned house of anyone who has loose lips. Remember the statement from a manager that there was news on UK coming. Is he still here?
It is in Brad's best interest to fall in line with company policies.
The Sp will take care of it's self. Better to under promise and over deliver.
Less lawsuits that way.
We don't want CEO's pumping or even being perceived as doing so. We want them quietly executing. Meni is a good example of that.
Brad needs to be reminded that he is now part of a public traded company. What they say can and will be used in a........
So, Brad. Where is this BIG news that you promised?
Meni runs a tight quiet ship. They need to get motor mouth Brad under control.
There is a steady flow of products going through the BC cannabis store. Even the flower is moving.
There is real shortage of oils and extracts though. Every wheres.
Tik tok, tik tok.
Slacka; If you look at the lawsuit settlement info released back in August I think. It showed that a lot of the payout is cover by insurance. 500,000 by the company.
Most of those lawyer experiences should have been covered in q3. The burn rate showed improvement in q3 so I expect to see more of the same in q4. I am not expecting them to balance the books yet ,just continue to make improvements. Balancing the books by end of 2021 would be good.
Lobster007; I am actually looking forward to the year end. For me it is less about seeing huge increases in rev's as it is about cash burn. Meni has been preaching the need to strip the fat off and focus only on profitable adventures. I want to see "progress" towards being in the black. Q3 showed a marked improvement and I am looking to see that trend continue. You don't need to have three hundred mil in rev's you just need to spend less then you make.
Dudeman41; TSX venture requirements says so. 60 days for quater and 120 for year end. 4th quater is always released with year end.
Unless the company decides to release earlier. You should always expect the longest time allowed.
That means we could get our year end end of March and then the q1 would be due end of April.
This would be a good scenario because the q1 is the one that should show the best and it would be 30 days after the year end.
I work for a living. I don't always have time to day trade. I have a few long term choices that I try to manage through the week. Stocks are not my living but rather I hope to see it grow over the years.
Way better then interest.
Where is the release saying finacials are next week. Try end of March.
All of the positive articles that have come out lately created a bit of a buzz and excitement. But without solid financials yet it also sets up the perfect scenario for the pump and dump artists.
Until we see a solid increase in rev's and that they are getting spending under control we can expect this to continue. If you have the time and nerves of steel it is a good opportunity to increase your shares.
None of this changes the fact that the news coming out is real and bodes well for the future.
Findify ; The purchase of findify was when my wife and both decided that this was a long term hold.
There we go. Profits , profits. Lol.
Some solid runs over the last few days. Moving too fast?
Today, are we seeing shorts covering or is there big news in the wind. Remember last year when they said that there was someone kick their tires. They also said that it would be revisited in 2020.
Updowntrader: So that is why all the nasty tasting chocolates are siting on the shelves. There will always be the die hard users who will consume anything for a high. LOL
But if you want to sell to the main stream clients in a big way then they need to develop high quality products. Ones that taste "GOOD". :)
What is wrong with some of these companies. Why would you market products that taste awful? At least Canopy delayed releasing their drinks.
No one is going to buy products that make them gag just because is has marijuana in it.
BC government site stocked two flower products and they are struggling to keep them in stock.
New investors need to understand that the revenue growth for namaste is not just about marijuana. Cannmart will slowly see growth but there is so much more to be excited about. This is also a tech company.
Findify will be the driving force. NamasteMD and Uppy will be a big part of the 3.0 market.
The AI will play a role in customer satisfaction but also in trimming costs. The investments that we have seen in the AI over the last year will pay off big in the future.
As you are hearing today Findify is adding to a revenue stream that is not related to the pot industry at all. The tech side of this company has potential to dwarf the rest.
This should be an interesting day and week. Will the manipulation continue. Will we see this pushed back down or will the demand continue. US is closed so if it continues to run we could see a short squeeze for our US investors.
Fun, fun ,fun.
I wonder where they will get the extract?
Our stupid government is doing their best to ruin a beautiful scenario.
I hope Phyto has been working overtime.
Reading some of the other sites I see there is a lot of new faces. Hopefully more long term investors. Less pump and dump. A little pump and dump is OK.
Lots of positive articles. The new investors need to realize that yes this is an LP but it is actually more of a tech company. 3.0 could be big for these guys.
I wonder how many people are getting their shorts all in a knot!
Should you wait until next week hoping for a reversal?
Let me know when it hits $3:00 can. Gets a solid investor who purchases 35% of said company. Then it heads to double didgets.
The it hits the Nasdaq.
Until then I only look for opportunities to increase my holdings.
Kief expansion. The problem with investing in companies looking to raise capital to expand is what we investors now know. It is going to take you two years to get your new products to market.
Raise the money, build the buildings, apply for your license, then wait and wait and wait and wait and wait some more for the government to get off their *** and give you a license. Then you must submit your new products and wait another 60 days.
Lol, how many companies can survive that. At the beginning no one new any better so huge amounts of capital were raised through all the hype and excitement.
OCS sold out on chewables in 30 minutes. That shows that there is a real lack of product. We are seeing this with the BC website.
Products sell out and then it seems to take too much time to restock.
NO Cannmart products on OCS. Please correct if I am wrong.
My gut is very seldom right. LOL
This baby is feeling like it is brewing for a run. Not just your normal pump and dump nonsense. Maybe a run back towards its highs.
30163; These new products show up under 1204581 b.c. Ltd.
I can't see a government license for that number.
Eric dosen't either. LOL
No surprise there.
No I don't.
Can anyone find what numbered bc company Phyto's license is under?
Lol, q4 and year end are always done together.(as far as I've ever seen) This is a venture stock so they have up to 120 days to submit their year end.
That's not to say that they will not submit earlier.
Q4 is on or before end of March.
Illegal dispensaries, if they are brick and mortar then they only take cash. This makes them a focus for people of a criminal nature. If they are an e-commerce site then you are risking giving them your financial info. IE credit cards and addresses. The local neighborhood supplier will always survive.