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In 2010 there were a ton of undervalued NASDAQ stocks. I can agree with that. But not currently sorry to say.
I also still disagree there are 100s of undervalued stocks on the nasdaq. None of any value at least LMAO. Maybe a few diamonds in the rough on NASDAQ but I doubt you would know about them IMO. BETS
LOL BETS has no assets other then a franchised website. So sorry I would disagree. Companies have assets which is what another thing is that can make a market cap. Currently that website is not worth much. They have not even updated it since inception other then adding a few casino games.
Heavy dilution stops any PPS growth. Simple supply and demand. When supply exceeds demand price drops all there is to it. BETS
I own shares and thankfully because I loaded a ton at the 52 week low I actually made back my previous loses on BETS. I will probably forever be stuck with the 500K shares I paid over 2 cents for and held onto.
100s of stocks on Nasdaq o really? I will take your word for it.
Yes good luck I do hope it all works out. Just to risky currently for me to invest.
No I own BETS at over 2 cents. I will never buy another share I can assure you that. Maybe after an RS I might consider it.
They would have to be positive cash flow producing $600K a year to have a market cap of $6 million with a 600 million OS. That would be 10X the year take in and is reasonable for a market cap. Currently as we know BETS lost $700K last year and the OS has grown by 460 million shares. So not sure about all that again BETS
LOL ok now you accusing me of dirty card. I suggest not going down that path. As talking people into buying this now is much dirtier IMO. BETS
Well IMO this price won't climb for over a month maybe 2 at which time conversions may have killed it. I feel it may see a new low actually. As there is a bunch of dilution about to pour down from Iliad and after all this millions of shares traded and no gain demand will dwindle by the time Iliad converts so short term I see price going down. I am sure the company will release some good news right about the time Iliad in converting to kill any run but help them get rid of there shares.
There is no way they could know the PPS of tomorrow. No way. I know it is obvious the company has been promoting but question is, is it working? Things are not going as planned IMO it is an OTC and the market knows what it is worth and right now at a 700 million OS it is not worth 1 cent that would be a $7 million dollar market cap and the company lost $700K last year. So that is not happening right now IMO. But I could be wrong.
Only one of the main three toxic lenders has been announced as finished which means there are 2 more to go. That is not including Iliad. That is the reality of it as far as I know. Then we have yet to deal with Summit so your AS scenario is looking pretty grim. Maybe they will reduce the AS to 1 billion and I will buy the possible story. $BETS
If the OS stopped growing right now then your 550 million OS number would be realistic. But we still have 2 weeks before Iliad converts and I would bet the OS is above 550 million in the next two weeks then Iliad converts and it is about another 50 million shares added. So yes if the company does not issue one single share in the next 2 weeks you scenario is feasible but the reality of what is happening is not sinking in for me. As I expect the OS to be near 550 million by end of next week if not by end of month for sure at current rate. So we will see $BETS
I am not denying the company does wish the PPS would get higher on the string of news they wasted money on. But fact is market knows they can not survive without dilution so market is not going to let the PPS rise IMO all there is to it. Why would they the OS grows nearly every day and the market cap gets smaller and smaller every single day. $BETS
So you are telling me if they max out the OS in the next couple months people are going to keep buying and absorb this at this PPS. I am not so sure about that. The OS has not stopped growing for nearly 3 months now so my question to you is when will it stop. I don't even want to hear conversions are done and all that nonsense. Because the OS is growing nearly everyday. Not to mention Iliad converts in 2 weeks $37,500 in shares. So we will see. I am not nearly as optimistic as you. The PPS has only gone down on supposed wonderful news. 100s of millions of shares have been traded in this 17-20 channel which IMO is a joke so not sure how you going to get that multi penny when it is stuck sub penny no where near a penny. How many shares would it take to trade in a day to move the PPS is another question I have. a few days BETS traded about 1/3 of its float and the PPS did not budge. So not sure about all those hopes of getting the PPS up. We have no clue how the company will convert with Summit until the S1 is filed all there is to it. But if they convert immediately with the summit money then we know reserve will be spent and RS is coming IMO. Lets wait and see. The current OS and AS reduction are not adding up especially when the OS is growing every day and Summit is not even in the equation yet. 500 million OS now only 150 shares till AS is maxed if they drop the AS to 850 million that is adding in the Summit 200 million reserve of course. $BETS
I never said at the moment the S1 has not even been approved yet. We will see is all I can say. We will see. IMO it is for sure something to be skeptical of especially since the OS keeps growing and the PPS is not moving with a string of news. Just saying $BETS
If BETS converts with Summit right away and they spend out the reserve put aside for Summit then BETS is doomed short term IMO. They will just max out AS and RS then continue as planned. I would bet this stock hits triple sub penny by the looks of it $BETS
I think the big plus is the $5 million line of credit could last them 4 years so maybe just maybe they can manage at least another 2 years maxing out the AS we will see how BETS and Summit work these conversions on the borrowing or what happens? $BETS
??? How you figure? Currently the OS is nearly 500 million with the 200 million reserve they are filing for with the new lender in the S1 that will put the OS at 700 million. If you look you will see last year BETS had loss of $700K. Lets say BETS gets cash positive they would have to make profit of $700K just to have a market cap of $7 million dollars and that would put the PPS at .01. So that being said currently if they lower the AS to 850 million that will mean they will be 150 million shares from maxing out the AS. There has been steady dilution this week alone the OS grew. So not sure how they plan on not maxing out the AS especially since the S1 may take some more time if it has been filed and if so Iliad will convert another 50+ million come April 1st. So curious to see what the company does next. I would bet BETS does an RS after AS is reduced so they can bring themselves back to the OTCQB or a higher tier of trading. Especially if they want institutional investors to take them serious IMO $BETS
I really liked how this story was written as it explains in more detail from another persons viewpoint the whole situation of the Marleys. They are now big capitalist and this is why I like JAMN:
http://www.theguardian.com/commentisfree/2014/nov/20/bob-marley-legacy-cannabis-smoke-reggae-dopeheads
Here is a little story for you so you can understand the Marley family. Now you may think different.
https://420101.com/marley-family-sells-bobs-name-to-corporate-cannabis
Again the Marley name could be leased to anyone for the right price. I am sure the industry has to be something reputable but they will put there name on anything. They are not the good people many think they are. Bob Marley was cool he used to support 1000s of families with his minuscule wealth. His kids and extended family are greedy fools and are no where near righteous individuals. So that being said pay those Jamaican fools some money and they will sell you there last name.
Well your opinion is noted and not taking to heart as I whole heartedly disagree with your assessment of the Marley Name. Up to a few years ago the Marleys had nothing nearly broke they have built there greedy empire by selling out. They sell out everywhere they go.
The January numbers were important as it is the first month of the new year. Also from what I saw in this January numbers in comparison to last January numbers were BETS brought in less Revenue then last January but they took in more profit then last January so I am assuming that is what they are trying to point out. From past filings we see monthly revenue and profit has been consistent so I would no worry about that. Come Q1 and Q2 report it will be more of a surprise IMO so I like it that way personally it can give the PPS a big surge quickly come fins. $BETS
Well I would rather see money spent on a revenue PR then the BS PRs that have been being put out. Never the less I agree somewhat not many companies do monthly shareholder revenue reports. $BETS
LMAO ok so why JAMN so special. They are shareholders so I doubt they will turn down money. Most of them pretend to be Rasta but they eat meat and do all the other stuff normal greedy people do. So I don't even listen to that nonsense. Marleys whole name is pure sell out just plain silly to see it any other way. $JAMN
The only reason BETS PRed revenues heavily last year was because they were behind on 3 filings and the shareholders had no clue what was coming in and going out. So fact that company is not PRing news on revs every month is not a surprise as the surprise should be in the Fins IMO. $BETS
AS is available shares not OS which is outstanding shares. So no cash will be needed other then paying whomever to file the paperwork for them. Reduction was advertised as going from the current 2 billion to 850 million. Which currently the OS is 490 million give or take plus the new loan has a 200 million share reserve so basically OS will be at least 700 million when new loan takes affect after the S1 is approved. So basically from this point on BETS has about 150 million shares before AS is capped out. However 200 million share reserve is supposed to be for the $5 million dollars and we could hope it takes BETS a couple years to spend that $5 million as last years burn rate was $700K so I suspect we can expect them to be using about $1.5 million a year till they become cash flow positive which with the current marketing budget that could be by next year. At drawing down $1.5 million that would take over 3 years to use up al the current line of credit. So the key for BETS surviving is that the PPS increase and bring value otherwise it may be difficult. The problem I see is with say 700 million shares at 10 cents is $70 million dollars at 1 cent it is $7 million dollars. So IMO BETS would have to be cash flow positive taking in at least $700K year profit to be worth 1 cent $BETS
So looking forward to it. $OCLG
I am guessing the float here is so low they can manipulate it very easy. Judging by the average volume the float is under 100 million IMO and maybe closer to 50 million. So that being said strange things happen when volume is low with low floaters. This is not the first time I have seen this exact action every time the scenario is the same low amount of tradable shares. $OCLG
We have a catalyst coming in a month for sure with the fins. So if we get the acquisition news anytime between now and the fins it should be another catalyst. So two catalyst back to back should be impressive if they are timed out well and not to close to each other it would be better. But hey either way I will take the appreciation in PPS, it is coming either way shortly. OCLG
That is why I recently added JAMN. $JAMN
Well it is riding the 52 week low. The 52 week low is pretty silly because very few trades were executed there however it is still the 52 week low. Never the less IMO anything below 16 is pretty solid. This coming year IMO will open many new doors for this company in terms of growth and revenue. It takes time for large plans to manifest and truthfully I would never rule out a buy out especially if this year grows as expected. $JAMN
All I buy is downtrend with a sexy story. That is what OCLG is. Not sure how to invest any other way. OCLG
Like I said one mans loss is another mans gain. Simple as that. OCLG
Doesn't take rocket science to know buy when everyones selling and sell when everyones buying. You seem to understand the game so much but yet I don't understand your messages one bit. OCLG
It is to funny how thin OCLG is to .01. This is why you see selling pressure tiny. Not many shares to shake lose here especially when they go into stronger hands IMO $OCLG
What are your valid concerns again? OCLG
Who is laying it on thick me or you? OCLG