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the AS is 3 billion, fully diluted at .0001 that's a market cap of 300k, we'll be fine, this should bounce to at least a 3mm market cap (.001)....
Trying to get some .0001s and holding for a 10 bagger
Pred
Whatever... just light a fire under it would ya? I want to see this thing fly!
Give me a $10-20mm market cap and I'll be happy :D
Pred
LOL that's it?
I've seen stocks with 3 billion to 4 billion OS run to $0.10 and then settle at .01-.02 for over a year
This is retarded low OS for this price range.
Pred
No problem my friend.
Now I'm not completely sure on the convertible status of that note, meaning, I'm not sure if he has to wait until the note has matured or not to convert the stock.
For all we know all the Convertible Debt has already been converted (best case)... But you are right, we will find out in the next couple of weeks what the deal is with this note.
Also, They should be filing their year end somewhat soon? That will also show us what's really going on.
Pred
In the 10Q you're going to want to go to page F-9 and read Note 7 Convertible Notes Payable. Read the last 3 or 4 paragraphs of that note.
Based on the recent trading and volume it's definitely those jokers ("accredited investors") that dumped on this on the way down looking for an immediate gain on their shares...
Either they're stupid or there's a reason for this.
And EVERYONE LISTEN. THIS IS A GOOD THING THEY DUMPED. We don't want them blocking any potential runs, a fully diluted stock always runs the furthest, it's when there's more dilution that runs get screwed up and momo vanishes.
Pred
I hope it's that high... that way it's fully diluted and when we run there will no stopping it ;)
Pred
There are 2 things about this post I will address, 1 you won't like, the other you will like.
What you wont like is that I'm going to say the OS is much higher now, in fact i believe it's probably closer to 4 billion than the 1.4 billion you have in your post.
That puts us at .0081 with a 17.8 P/E (don't worry, it's still a 40 bagger from here ;) )
What you will like is that P/Es usually trade MUCH higher in pennies, it's not uncommon for P/Es to reach 100, 200, sometimes 300 in the penny world. Hell some of the trade at ridiculous multiples from negative earnings!
Either way, with a low P/E from here, we are looking at 40 bagger from the .0002 level.
At a 100 P/E that is not uncommon in the penny world, the price would be at .0455.
I'm sure you can do the math from there if it hit a PE of 200 or 300 ;)
This thing just needs to catch on and the momo will follow.
Pred
I've had a bid for .0001s for over a week that haven't been filled yet... Luckily I did get some filled a couple weeks back.
Pred
I doubt the price will stay low enough for it to be worth their while doing a share buy back ;)
I dont think people realize what's going on here... this has been forcefully pushed down here, we are so damn undervalued
I keep saying FULLY DILUTED this market cap is $420k
I mean, I don't even know where to begin saying how ridiculous that is. EMPTY SHELLS with NO VOLUME are being sold on the secondary market for that much money, if not MORE. HAHA I mean, it's really hilarious.
I'm buying all the .0001s that they give me.
Pred
I'll tell you why, they had some debt conversions where the seller just dumped immediately... They crushed this stock from .002 to bidless in a month.
Either the seller has NO CLUE what the hell they are doing and missed out on a TON of money by dumping this into the .000s OR there is some reason why they did it, my judgement is that they are just clueless to the possibilities that the market offers.
Given the volume I've seen, however, I dont think they have anything or much left and most if not all of that debt has been converted.
Now, all we have to do is clear out the flippers in the 2s and 3s and the 4, 5, 6s etc should be clear to for a shot at .001 and beyond.
Just a matter of time IMO
Pred
I agree, they had revenues of over 200k and have had 2 consecutive profitable quarters...
The fully diluted market cap is $420k at .0001, that's stupid low.
Only a matter of time until this gets to the $10mm market cap it should be, which is around .0025
Pred
got 4.8mm today, have more bidding, but tough to fill
$BTZO
Pred
I'm fine with. Got a partial fill on my order... only 4.8 million :(
Pred
I know what you mean...
A 10 bagger from the .0001 level puts us at a market cap of $4.2 million FULLY DILUTED.
I mean, Come on! lol only a matter of time until this thing runs, momo itself will take this to a $10 million market cap, which is around .0025
$BTZO
Pred
me too man, the .0001s were a gift from the retards today
$BTZO
Pred
I can agree with that, and if the A/S remains at 4 billion and they keep filling my .0001s then I will gladly buy all I can of this public company currently being valued at $400k fully diluted ;)
Think about it, EMPTY shells with no volume, no assets, NOTHING are being sold for 300k-500k on the secondary market.
We have an active company that is public... you do the math
Needless to say, these debt converters are retards, that or they have something lined up and this is being done on purpose.
Pred
OK I guess we had a miscommunication of some sort. Bottom line is that we should be watching that A/S count. I really think it's almost done being fully diluted (which would be a good thing).
All we'd have to do is clear out these the .0001 to .0002 flippers and it'll be off to the races.
Pred
It's LESS risky now, if you're at .01 and the O/S is 100mm while the A/S is at 2 billion, you know there is room to dilute.
Based on what we've seen here lately, the 4 billion A/S looks to be almost fully diluted, 4 billion shares at this price is NOTHING, this thing will be super thin once it's done being sold on and cleaned up down here, this can hit .002 in a hurry.
Pred
I'm confused, are you trying to tell me that the CEO can raise the A/S without filing it anywhere?
I'm sorry, but I think this is way off base. TA won't issue any shares above the A/S count.
Even the scummiest Penny scammers can't get around this.
Correct me if I'm wrong, and if you plan on doing so, please provide substantial evidence of such.
Pred
Doesn't bother me, I'm assuming the A/S is going to be fully diluted and 4.2 billion is NOTHING...
We will see if they up the A/S, they have to file with the state and we will see it immediately.
Pred
Anyone know if the A/S has been raised from the 4.2billion?
If not then, this is just one of the final rounds of dumps that is left on this stock.
Seriously, people, think about it. We traded nearly 10% of the AS so far in ONE DAY, we had a similar trading day like that last week. The Market Cap here is so damn low it's retarded. 10-20 bagger just to get even market cap with most other penny stocks out there with zero revs.
Pred
I'm thinking of selling half at 10 bagger status ;)
Pred
$IGRW, VNDM backed off to .004, Looks EXTREMELY thin to there.
Pred
If the OS is now at just shy of 2 billion this could easily bounce up to .002 if someone farts or sneezes.
20 bagger on nothing really.
Beyond that would take more of push, but it's extremely feasible for this to go to pennyland if this catches fire...
$BTZO
Pred
$BTZO Sorry Dude, Took the last 5mm off the .0001 ask :-P
When .0001 fell, BKRT totally disappeared, is the seller done?
This is retarded low here, at .0001 a fully diluted 4.2 billion OS would put this company at being worth $420k LOLOL stupid low!
Does anyone know the O/S as of right now? This should be super thin once everything is cleared out down here.
Pred
Hey guys, Pred is still here, never fear!
What many people aren't realizing here is that we have a REAL company with a REAL team.
They do REAL RISK ANALYSIS and determined old operations to be too risky given the potential legal implications and are maintaining a course of action that allows the company to continue to operate.
I am loving this, VNDM is holding us down to ridiculously low levels, once he's out of shares we'll be back to .01-.02 with the rest of the MMJ sector (based on market cap calculations).
Not to mention most of the MMJ sector is full of lies and scams... Not this one tho!
Pred
I have a feeling your "logic" on what's actually happening with this debt is flawed. The debt is being converted into preferred stock... Does anyone here have a freaking clue what preferred stock is???
Look it up people, preferred stock is a form of ownership that IS NOT traded on the exchanges. It's simply a type of ownership that gets priority to dividends.
This is not a dilution deal to get rid of debt.
Good lord people on this board are uneducated.
Pred
This is simply not true and you are posting false information.
OTCmarkets.com has them as current status.
Just because a company doesn't release PRs every week doesn't mean it's "dark" Most big board companies don't release news ever. They just release financials.
And to further prove how wrong and false and lack of DD you are, the latest report IGRW has filed was on September 24th, just over 2 months ago.
They are still active, and dont post that kind of crap on my board again.
Pred
CEO owns 20% of this company... yea he doesn't care at all (rolls eyes)
If I owned 20% of a company I'd let it waste away as well... yea sure, that sounds like a grand idea.
Disclaimer: This whole post is sarcastic.
Pred
Not to start a pissing match here, but my post is based on facts. OTCmarkets has them as current as they are up to date on all their filings. Go on their website, it's Pink Current, if they weren't, they would have a skull and crossbones on it saying "beware"
I made no mention of PRs coming or speculated on the topic. I just said that just because there aren't any pumping PRs coming out it doesn't mean the company is "dark" as in a shell which means a public entity with no operations. I was merely correcting what the poster I had responded to was claiming.
Frankly, I'm confused with your post as a whole, bud.
Stay Grounded,
Pred
Company HAS NOT gone dark... going dark in this market means no more filings, not being current, etc. etc.
Just because a company isn't pumping BS out the PR machine doesn't mean it's dark, it most likely means it's real.
OTCmarkets.com has them as CURRENT. There will be another filing in the next couple weeks for the operations thru september 2014.
PR Pumps aren't our CEO's style.
Pred
Great day today! I'm loving this action, keep it up IGRWers!
Pred
Whoever tries to post a sale that is roughly 50% or more of the avg daily volume and then tries to sell it on the bid has NO idea what they are doing.
Do you hear me!?! Whoever you are! You have NO IDEA what you are doing! Please go find another way to make money, investing in illiquid markets is not for you.
The world needs less stupid.
Pred
Looks like the circus is back in town... Can we get this clown banned?
Pred
Still too many of that older generation that's on their last breathe who hate change living in FL.
If this votes happened in a few months I bet it would've passed with 65%!
It's coming folks, nationwide movement and IGRW to above .10 will happen, just a matter of time!
Pred
This has been my target since I first got into this stock over a year ago... That selloff was a HUGE opportunity to add, hope the longs here got some cheapies before this bounce started!
MJ sector is just getting started.
Pred
If people want shares they'll have to pay a higher price which results in me making a profit from these levels, which puts a smile on face, which allows me to buy a nice boat for the backyard..
Pred
Nice add, I've been collecting as well...
Based on the O/S and Float #s we have, this volume is insane, whoever is dumping (whether big hand or MMs) is absolutely retarded. It could also be MMs just exchanging hands w/ each other to create volume and commissions. MMs are dirty SOBs down here.
we've traded about 1% of the O/S and about 2% of the float today... That's A LOT. Only a matter of time until the ask vanishes.
Pred
Public companies can't own weed until it's federally approved... until then all they can do is provide equipment (here we grow store) and management services (TBLO and BIOTEL)
Pred