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Agree on the pps target of $6. This is drastically oversold IMO. They just need to report some good news for a jump.
There was a large rise in pps recently as well. Might be a bit of profit taking. In general there is a holiday jump of 20% so might be a good entry point. I am surprised they have not reported their cyber Monday results though. Should have been out by now.
True. May I ask your opinion on the high short interest and its impact on the pps over the coming weeks/month? That remains my biggest question here.
Ty
The volume is low. Buying now is a bad call. As reality sets in with continued missed deadlines this will dive below .001. How about those tours?
Ye who has little faith :). Just kidding. Agree it is fast but in a larger context it was so far down it had to come back. We aren't at pre recession multiples yet. When it gets past that I will be more skeptical of the run. I do expect another pullback this week though but anything is possible. Best of luck
Any company needs a building to work in. Where is that basic need? It is a fundamental that eludes them.
The perfect storm. All republican govt, deregulation, smart biz tax policy, strong fundamentals, undervalued pps (as measured by book value), good economy, rising interest rates, strong management and flight to quality (US stocks). Hard to beat that. The analysts can't keep up and all look foolish now. DB upgrade today was laughable. One further dimension is the large short interest. Either they are right in the short term or they will scramble to cover soon.
Well across the street on one side is Shamrock Farms factory and on the other side is a storage yard for large construction vehicles. Maybe you can get someone to wash the Windows so I can see inside. Was thinking about taking the tires and offering on eBay though :)
Got inside pics?
Supporting evidence of pps reaction to recent events differ from that. We are down from $.40 to $.15. $.06 is not far and outside of precedent. Whoopsy, gee, bs, fos, seen that since $.06 if that assists in translation.
You have some inside pics for us or just PRs?
The call options have very odd pricing. Seems very illiquid but ITM seems simple to exercise
No kidding. It never happens in reverse where you ask a finance professor to be CEO of a company.
But, the run is back on. Will see how it goes. The large short interest is unnerving though. Can help or hurt come Friday. Ex div today too! Beer money :)
Ya, that was a distraction. I used it when I lived over there and never really found it useful.m. The best thing to happen to GRPN would be to report great holiday sales and get a takeover offer from the big guys (Walmart, Amazon, target, etc). Just a rumor and we jump like TWTR did.
Forgot the part about looking at recent pps trends.
Was $.40 in July.
Is $.14 now
Current revenue does not support the current pps and the probability of Sequestox approval is a significant proportion of it. Any hiccups (which keep happening) will cause it to drop drastically.
No comment does not equal approval.
How does the math work on revenue vs float?
Nope. They approved nothing. Go back to research. No proof of any approvals.
It fits with what has happened so far.
Divide their new revenue $1.5m by the float and you get $.0001. Good luck with the math.
Good luck proving that to the FDA.
Why can't others including the owners / employees produce pics from the inside? There was a tour supposed to happen recently as well. How is that going?
Without Sequestox approval there is little value from ongoing operations. The pps is dependent upon its approval. Worth sub penny if not.
More like laughing stock. They can't hide everything in fake PRs. Sooner or later they will have to show results (like the missing pics from inside).
They just need to start reporting holiday results. Should jump on that (should, key word).
Short interest jumped so they may be protecting their position. It also makes them vulnerable. Also a lot of profit taking for the end of year fund reporting.
Ty! Any option players here?
I am playing both the stock and options on this one. Entered at $4. Like the historical 20% holiday pop.
Wrong place to ask for expertise. Technicals are meaningless in a low volume stock. The hype is losing value and fundamentals barely supports a penny. The majority of the pps is a probability of Sequestox approval. This is decreasing monthly. Under $.10 is the highest spot for re-entry. $.05 or thereabouts is better if at all. Then you are less reliant on a home run.
Holding strong here. Don't think it will continue tomorrow but who knows. It is a wild ride. Doubled my GRPN position though near day lows.
So far they have none of that and it is $1.5m annual revenue, not profit. Divide the profit (30-40% at most) by 14b A/S. If and that is the key word, if they get the planting going it will be 2-3rd qtr at earliest. You will get a partial year of that only.
Not a real comparison. The companies listed had revenue and a proven growth model. ERBB has no revenue and no proven future revenue.
Well best of luck. I watch the stock but sold at $.15. I might come back in at the now infamous $.06 or some positive news. The lack of updates on progress is letting the MMs walk it down.
Ty. There are other MJ stocks out there that aren't scams. GLTY
Agreed. I also liked their story but the pps told a different one. I took my profit here and moved to other stocks that are making money now. Good luck to you!
And how has the pps done in that same time? Last I checked that us how investors make money. Holding on to facts that have not moved the pps won't make anyone money and that is why people invest.
Well pps is where we make or lose money. If all the efforts of ELTP don't make it go up then they are wasted.
Living in the past doesn't make you richer. This stock will be $.06 again and when it is it will be like nothing happened. In that same time an investor could have made more money investing elsewhere. Blind faith is never a good investment strategy.
I won't restate my prior posts but you can see I already tried that at their Warner office. Pics are in Twitter.
The pps tells a different story. Was $.40, is $.14. Nobody can avoid that fact.