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For their to be trouble the OS would have to go up and as of today it hasn't
Late filings are pretty common especially with the changes in accounting
Check the share structure it is unchanged
It is plain easy to see that it broke the 50sma which triggered a short and a chart breakdown
Nick 100k slap
Ss unchanged as of today
Share structure unchanged
There is still millions of dollars flowing through the ticker daily
Share structure verified today on otc markets still 144 million os
People scared of the 10k
A lot assuming the worst because no reports and no extension filed yet, however they have done everything they have said so far so I'll give them the benefit of the doubt
There could definitely be something good in there, if they are still debt free that would be a huge lift
2 million dollar volume . That shows stock still has legs, which direction is the question
Market makers make money on volume, when volume dries up they will move a stock up or down to find the volume
This has been a cash cow for market makers with millions of dollar volume daily for a month or more, they are going to keep it going as long as they can.
Look at the dollar volume for The Whole qb market and you'll see there are a few tickers that make up the majority of the money flow Owcp has been one of them
And the testing is complete and they have stated preliminary info regarding the testing so they have done everything they said that they would
I'm pretty sure the company said the study would be complete by the end of march, I didn't think I read anywhere they would release a report about the test in march
Good marketing can be better than patents anyway because by the time they market the cream someone else can reverse engineer and copy it but they will be years behind in testing
They are conducting phase 1 tests according to the clinicaltrials.gov site, this is not new information
For a start up company trying to gain a place in the market and becoming revenue generating, the patent process is extremely expensive.
Not only procuring the patent but defending the patent.
Also they will not get a patent unless they prove the drug works
Nite is really sucking up some shares
They could reverse split
Also the status of mmj is changing rapidly in the us so who knows where it stands in 6 months
You can't say they are not attempting to get approval either, however they don't need it to sell in mmj legal states
They can sell the cream where mmj is legal without FDA approval.
However they are conducting phase 1 tests, starting soon.
That is only to sell with prescription
That is why most longs don't post here anymore
We will break out of this wedge before Friday unless there is some really boring days
I wouldn't be all excited for the 10k not much more is going to change other than the restricted shares and maybe some stock for the new advisory board members
Good thing friedland is on our team
The double blind testS are for FDA approval
They have also already initiated the double blind test for psoriasis which could be accepting participants any day now
They got the safety approval, now they need the governments blessing to export is my guess.
I wouldn't be surprised if the next news we hear is orders
I don't know why people can't understand they stated one preclinical test and one parallel test on human tissue and as a result of the testS will do a double blind test for other skin conditions
Don't forget state depending where your at
The Macd boys will be here soon
This is called quiet accumulation, there has been a couple head fakes or liquidity checks in the last few weeks, with a little buying pressure pps will jump quite rapidly
Yeah that ticker looks like a dump fest
Almost 500 million shares traded and red, a/s is probably 2 billion
Why would you look at a 5 year chart when these guys have only owned the shell for less than three
Pop to .20 retrace to .10 run through.20 to .95 retrace to .45 run to 3.23 retrace to 1.10 next? I don't know what you ar looking at but the history of this run shows different than you say
Not if the chart history repeats itself, the first time it has come down but the second time it hasn't looked back.
They don't have any debt