Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This sector is a very sketchy sector at the moment, people in charge have to be VERY careful what they say, until MJ is federally legal, every public company is walking on a "legal tightrope". That being said, we have acquisitions IN the MJ industry that are providing services to private MJ companies. These management service companies are all operating under IGRW which is providing us with cash as per the financials.
I understand, it's not fun watching your holdings vanish, but that's where risk management and knowing the field that you're playing on comes in BIG down here.
Never load up your whole portfolio on one stock and always have extra powder to avg down at ridiculous prices, smile at those who cry when there's blood in the streets and reap rewards when everyone starts buying IGRW T-shirts b/c they love being a stockholder
Pred
Sorry guys, but I whole-heartedly disagree.
I read the financials, see the PRs, the share cancellations, etc.
He is doing things right, he's planning on going to the OTCQB which will make this even better.
It's simply obvious, there is either a big hand that has been selling or market makers are just utilizing this stock as an opportunity to make money on the short side. Either way, given the O/S we are at a price where the market cap is so cheap it's close to being done on the sell side from anyone.
The market cap is now just $5mm and we have NET assets of close to $1mm and cash flows that are positive from operations. I see companies day in and day out that have NEGATIVE op cash flow that trade at market caps in the 100's of millions and billions.
Simply said, when the MJ market takes off again, this will be one the of the lowest float LEGITIMATE MJ stocks out there...
Many short-term penny stock traders' pain will be my gain.
Pred
Some retard at TDAmeritrade w/ a huge block just dumping at record lows...
Rather get out these large hands down here than up higher.
Pred
Such an insightful post..
Thanks for your valuable addition to this forum.
Pred
Anyone look at the filings today?
Umm positive operating cash flow? In a penny stock? Why are we at .004?
Highlights for those that can't read financials here are some highlights:
From the balance sheet:
Cash - $103,000 (up from $396 a year ago)
Property Plant and Equip - $1.6 MILLION! What?! There is something we dont know about yet IMO, that's a lot of PPE.
Also from the balance sheet, the O/S is now only 2.826 billion shares with all the cancellations.
Now to the cash flow statement:
Cash from operating activities is profitable! 33k in net cash from operations! Most companies in the early stages like IGRW would have a negative operating cash flow. It could take years for this to happen. I'm absolutely blown away.
The cash flow is negative for investments. A GREAT thing showing that IGRW is investing and GROWING as a company.
Cash flow from financing is up which makes sense because they are leveraging equity AND Debt to finance the acquisitions and investments they are making.
We are so damn undervalued here it's retarded.
Pred
Why pay any attention to those blog sites?
It's simple really. Selling > Buying. When Buying > Selling then the price will go back up :)
Pred
I wouldn't use Etrade a source of that info.
Use OTCmarkets.com
http://www.otcmarkets.com/stock/IGRW/profile
The OS is posted as 3.5 billion as of 6/2/14. There should be another update soon to the filings so that number will be updated to include the last couple share cancellations.
We should closer to 3 bln even.
Pred
Super low float is right.
I actually wouldn't mind it hanging out in the .006s a little longer. I'd like to see all these silly hands sell their shares so we have them all soaked up for when it moves back up.
Pred
Soooo what you're saying is that IGRW looks like the next FITX?!?!?!?!
YES! Sign me up!
GREAT DD SAM! This company like you said is cancelling shares from those big holders, they are dedicated to shareholder value!
Pred
Yea this is primed for a bounce, we could continue to slide a bit more, but this is low volume panic selling at its finest.
It's so quiet and so low float, noone knows about this and everyone forgets that we have legitimate brick and mortar operations that are expanding.
Huge opportunity here.
Pred
I'm not an English professor, but noone is making excuses, buying more is not an excuse for a lower PPS, it's an action under circumstance.
Not sure why I ever read your pointless dribble.
People buy low and sell high, that's how money is made (You're welcome for your first lesson in stocks!)
For example, buying at .03 and selling at .02 is a LOSING strategy.
Pred
No doubt the price is down from the highs, the MJ markets are slow and not many eyes are on IGRW.
When the inevitable happens and we get another big MJ sector news storm of more states legalizing or even FED legalization this sector will BLOW UP.
Like Warren Buffet says: "Buy when the PSP's of the world see blood in the streets!"... or something like that.
Pred
So if I am reading b/w the lines correctly here, it appears that IGRW is shaping up to be a Pharmaceutical company focused on cannabis based products...
With Obama's arguably retarded obamacare in effect forcing millions of americans to pay super inflated premiums, pharmaceuticals will bank! I'll use the gains on IGRW to offset the increased costs obama is forcing on me
SIGN ME UP!
Pred
My dad used to tell me that you can't fix stupid, so WDCO will just have to run out of shares.
Pred
what are you referring to about a new CEO?
Let me know!
Pred
I agree, it's capitulation man... people who play in penny land aren't patient, hence the volatility warnings we all get from our brokers on penny stocks.
I have faith in the management here, I've seen this before in other MJ stocks, sellers will run out and the sector will catch fire again and every stock will be high (pun intended)
Pred
Looks like capitulation is starting to set in for these hands who can't wait...
Like i've said before, this has happened about a year ago inbetween the MJ sector runs, people get impatient and dump and then when MJ sector runs again, they puke their brains out due to the lost potential they had...
Look at Hemp. Similar SS, was at .07, fell to .0085, ran to .35, we're just one step behind that's all. Waiting to see the whole story here and we'll be off and running HARD when investors get back into the MJ sector
Just being patient and not watching every tick,
Pred
The MJ sector still needs a breather it looks like...
The first MJ run that I was paying attention to occurred from November of 2012 thru February 2013. After that it seemed like many MJ stocks were dead, to never return.
BUT nearly a year later, it was revived for a MUCH larger run which we are all aware of that happened in January, February, and March of this year.
It could be that it'll be another 4 months before life comes back into this sector, it took about 10 months last time before it roared back to life. It could be a little while, but IGRW will roar back to life and be primed to run to .10+ Hell, if HEMP could run to .30+ this sucker can!
Pred
Good move, looks like there are some impatient hands that can't wait for more states to legalize Marijuana.. people selling down here will be sick!
Shouldn't be many more shares down here anymore.
Pred
15 minutes into the day and you're already claiming that the whole day it will go nowhere, you're already wrong. Just like how wrong your entry at .03 and exit at .02 was .
Also claiming "scam" is retarded, simply put, the here we grow store is a real, physical store unlike the 90% of the pennies out there.
Swatting away the mosquitos in our ears,
Pred
Looks like the entire MJ sector is finding big support on the MA 200. This should be the bottom here, only a matter of time before the MJ sector is done consolidating and the next major MJ run comes.
I'd imagine that with the share structure and everything else IGRW has going for it it'll be one of the hotter ones on the market.
Pred
Looks like this is getting SUPER thin. Stupid impatient people look to be getting cleaned up in this PPS range.
Is .03 the new low? Looks like it...
Pred
A year ago IGRW was at .005. 6 months ago the PPS was at .01.
We hit a high at high of .07 recently and closed today at .034.
I'm no rocket scientist, but the fact that the PPS has been rising since a year ago tells me that IGRW is in an uptrend. Not sure how you can call this a pig.
Even people who bought at .03 are in profit here! That is of course if they didn't sell for a loss at .02 and then watched it run to .07 shortly after...
Pred
Some retail dumped on that bid support. They couldn't wait any longer, people in this market have no patience...
Oh well, they'll be sick soon enough, just like PSP was when he bought at 3, sold at 2 and watched it run to 7.
Pred
LOL at least that paint is high quality!
I've seen stocks do this before, it can go for awhile where it locks in this higher base and trades real quiet and tight (sometimes for a few months). And then kaboom...
Pred
The good news is that it looks like .04 is the new base, if we trade here for another few weeks I think the sellers will dry up again and hopefully march up to .05-.06 and consolidate there.
Of course any sort of volume and this flies to .10+
Pred
The market has no idea this even exists... Need to spread the word to people, this is a real company, i've told my friends and family about it, I dont usually tell people about my penny trades, but this is one is different.
Pred
Smart money sees it, there are nice bid supporters on this eventho there is NO buzz on this stock whatsoever.
What IF, what if this thing did get the attention it deserves... it would fly so damn high.
Pred
The foundation of this company is being built up strong. Fred is serious about increasing shareholder value and a long term outlook.
This is a rare gem in this market.
Pred
Not many shares out there anymore, looks like we're cleaning up shares at a new base of .04. We might have some noobs or impatient traders pop up here and there as we've seen the past week, but any buying volume and this takes off.
Pred
Headed back UP boys, no surprise here! Just broke over .04 and closed at .044!!!!!
Looks like you spoke too soon... again.
Pred
Has anyone here actually looked at this conference that IGRW is presenting at?
Here's the link again, the same link from the PR: http://www.marcumllp.com/MicroCap
I STRONGLY recommend everyone here go thru the website. A few key notes I'll put here:
Copied from the website: "This invitation-only event attracts top fund managers and qualified high net worth investors who focus on small cap equities. One-on-one meetings are available for company management teams and qualified investors."
"Launched in 2012, the annual Marcum MicroCap Conference features presentations by CEOs and CFOs from promising high-growth companies, the top picks by some of the most astute analysts following small caps, and thoughtful commentary on successful investment strategies and sectors."
Invitation only, hand picked, something is going on IMO.
Also, I ran thru the Agenda to see what other companies are on there. Just so everyone knows, IGRW is the ONLY OTC Pink stock in that list, the rest are OTCQB or higher (such as NASDAQ).
This is a real event, real companies, high standards in the microcap industry. I think that PR is a gem that none of us have really realized yet.
Pred
Still 100% higher than your exit price and 33% higher than your entry. IGRW is doing GREAT!!!!!! (For those who have held and not bought high and sold low)
Pred
ATDF is a market maker for TDAmeritrade. That's the market maker that some big money has been accumulating IGRW with.
Follow the smart money...
Pred
Here's the current share structure that was update on May 15:
Shares Outstanding 4,101,039,521 a/o May 15, 2014
Float 849,288,712 a/o May 15, 2014
For future reference you can do your DD at OTCmarkets.com lucky for you I was curious to see if they had updated the SS there so I figured I'd save you the 2 minutes ;)
This isn't trading like a float of 850mm, it looks like many people who have been buying lately are holding tight onto their shares. We traded 55k on Friday at a price near the all time highs. Something is going on...
That O/S is supposed to come down as well per the PR, there are supposed to be 2 more share cancellations coming.
Pred
We are at a high PPS considering where we've been. We spiked a high of .069 and we all know that .05/.06 is big resistance.
HOWEVER, this low volume at this price range which is basically knocking on .05's door tells me that the resistance in this range is basically gone. There are NO MORE sellers.
If we get some buyers in here, .10 will come fast.
Pred
Yep, no movement, just high level consolidation. Sometimes this is a must after a stock moves up over 600% in 3 1/2 months. I'm up handsomely on this one, you could've been too if...
Just trying to teach you some things, hope you dont lose anymore money from buying high (.03) and selling low (.02)
GLTY
Pred
Don't mistake your portfolio for IGRW...
Looks like we're finding a new base here at .035 to low .04s area!
Pred
Looks like our whale(s) have another week before more retail see this under-followed company.
Pred
+3% today, why are you lying to us?
Pred