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It says deal for premiere hemp company in its filings
Hemp may not be a pure MJ play but related and also a hot field and may be both
186000 shares traded
This is about 7% of float
Keeping an eye on real vs reported out
I can't see bids - but the drop to .016 and continued pop up volume sitting on lower ask seems off
i saw some offers in the mid/upper .03's yesterday that did not fill....
some shares to blow through....may need news and volume $ to push through...
Big spread...the bid at .0225, and no sellers....something needs to give
The mgt seems to be south east / NC, SC, FL etc
There are a couple of active companies in the area
Great news is part of this insane election is an expanding hemp / mj legal status
A recent poll - 60 % of the population supports legal mj
The opportunity is a real mgt, with resources , and experience .... this could be .50 or .05
Exciting !
Looks like we don't break out today....
But bid has moved up day to day
looks like we see shares dangling in the .04,s - .06's
may jump....still no one selling
what's interesting is how tight this remains
been bidding for a few days no fills...the .04's and .05's may wind up being cheap soon....cant see level 2 volume....but clear no one selling even in .02's ....only moves on asks
I do believe the DD
But have seen all sorts of evolutions in all sorts of plans both big boards and even more in PS.
So I plan for what I can figure and then account for latitude and ''contingencies' .
The DD - if they drop a thriving premiere hemp co, that is making money, w plan and market and execution savvy would suggest a cap on relative near term of 3-5mm and could be much higher
Based on that assumption of total effective OS of 10mm then we look at .30/.50 value. If twice the OS then still incredible upside.
All a total speculation until we see company, closing numbers and projected biz - but potential is huge.
.05 seems very reasonable prior to filings next week
All imho
Sobek
My back up protection calculation includes a large margin for share 'adjustments' as the deal finally unfolds - including considering if the verbal agreement with 'Ian' of 80mm does not happen
Let's look at
OS of 100mm
Float of 15mm ( totally random)
.05 x 100mm = cap of 5mm ( still tiny for real premiere co
Again this is NOT based on anything other than a what-if scenario, but goes to how amazing the opportunity is....
in either case retail or inside - doesn't look like any coming free.
As mentioned I focus on cap (since many times a gazillion or a few shares in PS)...
IF they do all they report to do
total OS of est 8-10mm out - then .04 is only 400,000.
We could see this and 5x10 times that if the company is real....and then STILL have a ways to go
These guys have set up a great situation....again IF....
my feeling is that the early volume under .012 may have been by insiders and not by traders.
I dont see any share volume until we approach old RS holders and for me seems in the .04-.06 area (sort of where the old pre Plad fell apart).
What may be great is that this could set the stage for a foundation to stronger boards with higher prices and then use that as platform to raise funds.
Just a thought
Thanks for the chart
this affirms our discussion targets...the asks seem to be coming in at .03/ .04 and for me i assume volume if/when solid above .04+
A small order went off high///made it exciting this am....the bids still hanging low.
My guess are traders see if some come free...my sense is we wont see cheapies under .02 in volume again. I picked up a few a few days ago and will shop in low .02's.
What do you know about specific hemp companies and market.
Was sleuthing ( simple Google - ' premiere hemp companies' ) and top of list was Carolina Hemp Company, then Florida hemp co and on.
Curious as Plad is/was a Florida co, and the Ian person mentioned was N Carolina.
Maybe a company in that area ?
Agree on both
Agree
Clearly the deal is not even done, so premature.
Just hope they do have the firepower once things become clear
I agree the set up is great.... Just looking fur signs of scale and $
A little concerning....
one important criteria is a company or team that brings eyes to a situation. It looks like with the former company Plad - there was simply no activity. Nothing wrong with the co it seemed but boring and no interest.
The bid have dropped off. It could be slower going if no internal interest or goals by new and former co.
Certainly better than before , but was hoping to see support and interest.
6750 or about $170 is all today
now bid .016 by .0245?
i just don't think there is much of anything out there...
if interested (not traders) bidders are looking to control or take bigger positions they need to push this higher....
retail does not have enough info except for the tease of new co, mow cap alue and statements of share retirement
I have nibbled at this - but while all the signs look good , given history here unless i know they are past the old mgts and issues (which very much looks like they are), hard to plunge in bigger $, alos like to see more volume on bid
My guess is that this needs to be at .04 or .05 before we see older shares begin to free up...and if new co is good may still hold..
huge spreads
looks like most bids are really under .02....be nice to see some $ larger support....pretty thin?
i don't have level two or deeper
only see the 10k bid @.02
First timeline
report published 10/11/16
"The Company has entered into a Letter of Internet (LOI) with a premier Hemp Company. Once the fifteen
(15) day due diligence period is up there will be a final Agreement put in place that will include a name
and symbol change to better reflect the Company’s new direction. "
this puts Oct 26 as the date when we should hear something (or prior)
I appreciate the information
And agree, however for my approach in PS land it goes to $ volume and also special circumstances
In this case a dormant co that RS months ago and left for dead. 100 k days at .01 will feel much better at .05 and he more meaningful the more real $ skin in the game
If this has earnings and a clean balance sheet and a plan - we should see this move forward quickly - I assume mgt does not want lots of shares going off down here. Harder to break out.
That all said another comment is this is likely why they did the RS in the first place - weed out fair weather holders and set up for this
some indicators -
continuing strong bid - indicating new mgt and support having some confidence in the value we have discussed. If this crashes - or begins to act like PS with small ball trading then will be sign that either not enough resource $$ or mgt experience, or that the company may be less than hoped for.
along with the above steady moves up - indicating value well above where we are
volume - we havent seen volume yet - the first base should be where we see old shares come out and taken in. Right now hard to know what the 'first' base level is - so could be great opportunity...
remember that old holders are pre RS
A warning sign is if all of a sudden more shares seem to flow in...without any report.
This week should clarify...i picked up a little and will continue if the bid holds
a few thoughts back to you Sobek,
first a disclaimer to any reading...all the information shared is my opinion and based only on close review of the information publically available .
The new company mission detail listed in OTC is an edited version in the last week or so that now includes the mention of acquiring a 'premiere hemp co.' Prior it was the same copy but looking for a company to merge into and expected to have have LOI in 90 days. It tiik the team about 45 days longer to do.
My sense is they explored options, so no telling how lon spent on the mentioned hemp company
The share issue and return is a little puzzling, I ten to think it had to do with technicalities of company transfer and re capitalization.
You mention the retirement of shares is a catalyst but strictly speaking had no impact on cap. The issue happened driving cap value to 5mm from 50k (estimates)...but the share price remained stable. My feeling is the retirement is meaningful in tandem with the acquisition - and for me a key way to assess some reasonable risk to value.
I dont have any clue about the other share classes, and assume this is the core of the ownership.
The 80mm issued to Ian is NOT a former manager (to my knowledge), but appears to be an associate involved with the transaction - he has his own investment consulting company and is a new name in the mix.
There is however a 50mm share lot owned by James Gaspard, a former president who did nothing but preside over the destruction of value in the former company along with another. This led to Scott Forsyth and team taking rhw company back and now to this. Gaspard did nothing beneficial to earn those shares - so would be great if there was a claw back possible.
Right now it seems in a really great postion
effective 8-10mm OS
effective 2-3mm float (i think may be more out but still tight) // note - the past RS after current mgt took the company back earlier this year would have shares at .20+
at price of .025 this means a rough cap value of 250k +/-
There are IF's
the return of shares
the quality of the 'permiere' hemp company (size, growth, resources, experience etc)
Ethics - is the team really growing a new company - or another PS mixed bag
Mgt - quality mgt and board
Transparency
Timely reporting and accuracy
But right now looks to me that a .06 is possible...even could be this week....again this means a cap of only 600k or so and would still be a fraction of where it could go.
I gave the other Hemp co example at a 180mm cap...so it is possible!
Fun to look at
Love charts but not meaningful here...
With one exception the huge burst of selling at the RS. A question I consider is with only 2-3 mm in float ... It seems like old Plad vencor holders are mostly gone. Where is activity to come from.
Serious buying now will push this above .10, and if serious company is squires then could see multiples of that.
Right now the company factors a value reflecting the inclusion of almost all the issued. But the qtr release states that most will be retired leaving maybe 10 mm out and 3 mm in float... Or about 200k cap
Easy to see how this can explode IF
The company executes share retirement ( including ' verbal' agreement to retire 80mm free)
Brings in strong healthy new hemp company
New ethical experienced mgt
Aggressive attainable growth plans of scale
Once we see trading really start ( currently just pennies) with some new history then charts will be more meaningful
Likewise to you
Have a great weekend
Nice to have a civil smart board... Been on some that are pure scam pump style.... Refreshing
Hope the company and growth follows suit....
Well that's a first .... She wouldn't love you if on the wrong end!
But I think the key is looking at the numbers - if the bid remains strong and walks up... Then the whole range in the .02's are really the bottom...and worth accumulating
Really the $$ below has been small ... Any size will jump this in big increments
But still blind... Just the release and no one knows the co... Once whispers appear if real then you want to be holding
Makes sense
If this is for real .02's will look like a steal pretty soon
Was hoping we'd break .03
But creeping .... Scored a few under .02
I agree ... Unless some unreported shares or sleaze... There should be clear sailing as far as the eye
We won't see real challenges until the RS holders ( maybe .20+ averages), or new buy flip traders get in...
This could / should move above .10 by end of next week if new team is taking over
FYI
I have a handful of tiny orders out under .02 all day w no fills
So as noted before this seems like we should see this move pretty quickly ... The co won't want to have lots of penny traders grabbing them down here ( even if they could)
I would expect some big jumps ... First to .05's then to get over .10 for launch base.
Just my guess and again IF IF etc..
Yes - could really scream IF the company is real ( mgt, plans, $, ethics) and IF they hold to share structure outlined
I posted an example of a MJ co at $2.00+ with MORE shares out
----
CGRW - with structure of
Share Structure
Market Value1 $183,732,181 a/o Oct 12, 2016
Authorized Shares 300,000,000 a/o Jun 30, 2016
Outstanding Shares 102,073,434 a/o Jun 30, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 25,762,901 a/o Jan 31, 2016
Par Value 0.001
Trades over $2.00
Hemp to be precise
Could also be MJ but release stated hemp
14 days so maybe 2 weeks from now
Small open orders .015+ no fills
Reminder this traded att he .02 level post RS with no company....drifted down to trips on sells,,,,no real trading....so this level seems like a move but actually there really are no shares down here...this needs to get much higher to spur trading from the few holders out...
This may jump to new levels soon (again just my speculation)
If we see this quickly get above .05+, get solidly out of the trips, with minimal volume then we have new floor for news - and real sign it is for real
If the asks come in and bid stays this low.... Suggests others see the value ... Not worried about bid ... Holding
Interesting
This seems new $, not PS penny trading.
The potential here is crazy
IF...the OS and float are as tight as discussed and retired really happens, then I would guess we build to a cap of 250-300 k over a very short period
That means possible .20/.30
IF company real and IF share structure holds
Sounds crazy but this is what the numbers show...