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One should not put to much stock into what Charts look like for most penny stocks in the short term. Most penny stocks are too volatile to have accurate chart reads. And a short term chart of a couple of weeks would not be indicative of the performance of a penny stock.
That makes two of us. Remembering that there are still over 50 billion shares that could be sold sitting in NNRX's treasury, not counting any income NNRX will be seeing from "The Plant" in the future.
If you look at the last trade of the day that went off at 3:57pm for 15 million shares at a price of 0.000492 it undercut the 5’s just so whoever made the trade would be fairly sure it would happen. The last couple of trades before that were 6’s, who ever it was that made that last trade was dumping his shares which is indicative of a short covering. A long term trader that owned many shares would not be gambling with them to be able to cover a short position with all the positive news that has come out, hence I am assume it was a naked short trade.
That last trade of the day looked like a naked short panic sale to get out of his short position; 15m@0.000492
Just took a first look of the day at the trades page, to me it looks like day traders taking profits and shorts using the day traders to get out form under there orders. We move up in pps when this is done and new positions are taken by the above and new buyers.
Looking way ahead, I’m thinking that Bishop’s next endeavor after the ink dries on the plant and things start moving forward will be to re-energizes NNRX’s store/product line, maybe even give a new name for the store and its products or even a new name for the parent company and keep NNRX and the store name. This is going to get really big in my opinion and turn into a conglomerate with Bishop at the head and us early buyers of the stock as huge winners. It’s sort of like buying Apple while they still worked out of a garage. “If one can’t dream big one will never grow bigger/richer” just my quote.
All good things take time; wait for the ink to dry on the deal and The Plant’s new equipment as well as new orders to take hold. The pps will take care of it’s self as more and more PR’s/News comes out, and the interest grows. I for one don’t want to see a large gap up in price which most of the time has to retrace it’s self. Prefer just a slow and steady clime up the ladder in pps. Of course I am expecting to see a large jump in price when the EOY Report comes out, for now I’ll take pennies for starters.
Those things are the reason he has added Geoff Bazegian onboard for but will be overseeing, he has a lot BIGGER plans for the use of his own abilities. Right now he is being slowed down by paper work in the finalizing of the acquisition and getting The Plant off and running in a much larger direction with a lot greater income for all.
Here are just some of my thoughts on what’s happening so far in this and my following posts. Reading through NNRX’s PR as to the status of the “Acquisition” to me it seams that the licensee for the production methods will remain under DHS’s name for the processing of the raw materials, which is alright with me. What we don’t need at this point is Bishop getting tight up with just one track of thinking, he’s has a bigger picture in his mind I think. Manufacturing is only one part of his plan, though it is a BIG part for starters. This will afford NNRX a source of income and validate his future endeavors with NNRX as the core (Parent Company) of many more companies under its wings and many more sources of income for NNRX.
Joined a few years back, haven’t bothered with using it though has been to one sided with its opinions’. I like hearing both sides of an argument to make up my own mine. Maybe the new member on the board of directors can influence a few changes in the way it’s run.
Morning All, I’m off the road again, been riding around for almost a week. Looks like the board has picked up here, lot of new and old names are back on the site. Just skimmed over the post headings will take a while to get up to speed on all of them. Mostly all I’m seeing are positive vibes in the posts out there with a couple of exception that I won’t bother to open up and read and we all know who they are. Liking what I’m seeing though.
I can’t complain House in NJ and an understanding wife of 47 years that doesn’t want to travel. A 34’ trailer in Florida on a permanent lot. Between the trailer and the camper van I’m on the road between 5 and 6 months out of the year. I keep the house and property up and all her worldly need satisfied. I’ve traveled all my life working staying in hotels and trailers, so my life style now isn’t that much different with the exception I'm getting to see all the things I want to see when I want to see them.
If this goes the way I am hoping, I’m going out there after the 4th of July. Have to be around family for the 4th, and then I’m free to travel again in the Camper Van for around 3 months or so. That’s the good thing about being 78 and retired with nothing but time on your hands.
It seams I may have been low balling my end of day expectations of closing in the 6’s already there and we haven’t even gotten to power hour yet.
There’s a lot more traders out there than the ones that read or are on this board. Penny stocks trade in three countries that I know of and I’m sure there are more. Word is just getting started, that’s why I’m hoping for a slow and steady growth, don’t want any gaps that have to be filled, which is one of the thing shorts look for.
Thinking they will wait till end of day or tomorrow to see which way the wind is blowing.
Liking what I see on the Level II’s; Ask at 6’s, 300mil sitting on the 4’s hoping for a dip and a mil on the ask at 5’s. They may catch a few before the power hour this evening. Sure would like to see a close at .0006 but may be asking too much. Think it will take a while for the word to get around. Don’t expect this to run to the pennies over night, would prefer to see a steady climb. The big push most of the time means a big entrancement; don’t want the volatility the big money is looking for the steady move up. The day traders will be moving in as well as the shorts I’m thinking.
To the Board, How about thinking Bishop a little, he did all the leg work Most of you just bitch or kept doubting, just look back to even last week. To the Strong and Long Holder’s congratulations your waiting and holding strong is paying off for you.
! MR. BISHOP IF YOU READ THIS BOARD ![/b] Congratulations to you on your closing this dead with The Plant. I know you’ve been trying for many years to get NNRX moving to something more than just a vitamin store, keep dreaming big. Hope you still have your contact in the vitamins/health products for supplying your NutraNomics products with CBD infusion. I remember your efforts form the past and hope you’re still planning on fulfilling them (Farming Co-Op for hemp, contracting farms, seed propagations and growth of plant variants) I remember them all. I’m Wishing You All the Best in your future efforts. I have been with you from the beginning of your involvement with NutraNomics and long before. My first shares were converted from Buka when NNRX was first registered on the exchange. Just one thing don’t move to fast and over play your hand, I know this has to be an exciting time for you. At you closing party, have one for me, I favor Glenfiddich Grand Cru Scotch, you deserve it.
I would rather see them under play the news and hype and have a pleasant surprise than have them overplay the news and hype and under perform. You don’t need the hype when you do DD and read between the lines; like statements that use the word “OUR” and using The Plant’s tweeter address when posting on tweeter “NNRX@THEPLANTCA”.
Such an honorable man that all he wants is to lead us capitalistic heathen to the right path.
That's the way I see it. NNRX has the potential for some real big money. Bishop has been talking about this happening for years; Contracting farms, bulk processing, forming a co-op for farmers to bring crops, etc… This could be the beginning of his big dream that he has had and is finely going to succeed at starting and we will be in on the ground floor.
The way I understand the deal, NNRX will own the company, but it will still be run by the same management team and employees that they have now. NNRX will be the parent company and The Plant a subsidiary. I have a strong feeling that Bishop has found a silent partner with very very deep pockets for finical backing.
If I remember correctly they said that the Plant’s income would show at the end of year (fourth quarter), which would be reasonable considering the changes that will have to accrue in both The Plants and NNRX’s book keeping.
My self I’m thinking its done deal and just waiting for all the paperwork to go through, maybe there's a name change involved that's holding things up a little. Notice in the tweet they keep saying “our”; “starting with our clean cultivation practices all the way to our compliant packaging”
After Noon All, just sign in for a look see, like the volume I’m seeing. Looking at level II 3’s are just about gone and 4’s up, would be great to see a close in the 4’s for a change.
Let’s put that in perspective, traders that bough NNRX in the 2’s five years ago and if it goes up to the 5’s by the end of the year have 150% profit on there investment in 5 years. The market has gone up about 75% in the past 5 years, if you had put it into savings bonds at 6% it would take 12 years just to double. So those that have been holding haven’t lost money they will have beat the market in the long run, with the potential of making 1000’s of percent profit if NNRX does really take off like everyone is hoping.
Morning All, another day another dollar as the saying goes. Looking like we are defiantly in a holding pattern now waiting on news, the volume has dried up and holding at the base pps of .0003. Have two orders in at .0002 going on a week now not getting filled, I have to be moving up in the stack. Hoping to fill by the end of week or that NNRX takes off already have plenty of shares 24+m. That time of year for me to be heading back North and get ready for taxes, will be back South for top water bass this summer. The good thing is most of my investments have been in the energy sector which has save my putt in the market still holding around +16% for the YTD on major accounts. Markets are enough to drive a man to drink, wine market making a killing on me.
Morning All, Spring has sprung; let’s hope NNRX is getting ready to Spring as well. This could be the week for the good news fingers crossed.
Good late moring All, just getting settled in form a trip I took. Liking what I’m seeing here with NNRX this past month, price is down and very little volume compared to where it’s been the month before. There are a lot of eyes on the stock and every one is sitting in a holding pattern. When and if the news comes out and it is even marginally good where going to move up in pps. When the acquisition gets finalized and we show some income in the end of year quarter report as expected, that’s when the big investors will start and we see the big price move up the ladder. Everyone’s seems to be looking for a big price jump; I’d rather see a steady increase rather than rapped increase which is usually followed by a retracing decrease in pps. A steady increase in pps and income is what moves the price up and attracts the big money investors. That’s when we’ll see the double digits and more.
MORNING ALL! Looks like the DOW is going to start out a little on the positive side this morning, let’s see if NNRX can do the same and see the 4’s today. Let’s get the positive vibes going early this morning.
When you look at the NNRX Security Details page, take note of the following.
Unrestricted Shares count is: 10,647,507,905
FLOAT IS: 5,733,547,268 and Restricted Shares: 180,269,140
The 80+ mil in new additional restricted shares I am assuming went to Geoff Bazegian.
This leaves 4,733,691,497 billion that is either held long term by The Plant or tided up in loans and not being traded. Since it appears that NNRX is starting to pay down it's loans that leaves The Plant or a silent beneficiary Something is defiantly happening and we will know when it is settled in the near future. Like others here I’m holding till the “cow’s come home” as the saying goes.
Sorry was looking at wrong ticker symbol, NNRX not updated yet.
New Share Count is out is a bit confusing though, not showing restricted and unrestricted share count. The Total Outstanding Shares now stands at 10,668,617,932.00 with a float of 2,724,489,329. Outstanding shares up 877,858,887 and the float is way down? Something is defiantly in the works here and is not completed yet according to these numbers, defiantly peaking my enthusiasm in NNRX. Following my own penny stock buying limits I have set for myself I’m peaked out at 25 mil shares, sure am thinking about changing my max on the number of shares I will buy.
Markets are moving into safe havens as well as cash now waiting for things to start calming down in the world, which doesn’t look like any time soon. Health care products, food, energy and stay at home media seem to be where the money will be going for a while as prices keep climbing including gas. As prices go up spending goes down, people will be looking for the quick buck and NNRX will be in the right spot at the right time if this deal goes through very soon, the money is there sitting on the side lines waiting for any news. Just my opinion of course and I've added another 5mil to the twenty I already had betting I'm right and NNRX will close deal soon.
Morning All, New week ahead with a lot of promise for good things from most posters, Goods Vibes brings renewed interest. New share count should be out towards the end of the week; this would be a good week for a PR. Looking at the Year to Date Chart we have set up a strong base at 3’s; Accumulation and Money Flow Index are both showing a positive trend as well as the Williams %R is showing as being oversold for the last few days. A positive PR right now would have to raise pps everyone is set waiting. Lot of money moving around in the market with all that’s going on it the world now days and will be looking for somewhere to go in the short term.
I read that too, not quite sure how to take that, “Acquire 100% of the Membership Interest of Three Companies” was going to wait till I heard a little more about “Membership” before I commented on it. First time I’ve heard the term membership used.
Guessing we could see a little pps move up tomorrow, I think were getting close to some real News on the Plant soon. Noted it only took 30 days for NNRX to come out with this Q Report, a lot quicker than normal for them. I’m guessing there getting most of the T’s crossed and the I’s dotted by now.
Thanks for the tip, have a few things to take care of in Sarasota first then will take your advice for a visit. Was going to head over to the big lake and work my way back North to Haines City where I have my Trailer parked year around for when I come to Fl. I spend about 6 months a year here now.
Morning All, another day another dollar, as the saying goes. Let’s hope today is the start of the big push upwards. Positive news on Friday would make for a great Monday trading day and would end the month in a grand fashion.