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Agreed. Even if you buy into the dubious argument FONG is a serial dillutor, why would he with only 200M shares outstanding and good things coming. No sir, FONG is more clever than you think I bet he still have a few surprises left in him this year.
Young industry. I bought for the upside. It drops any lower, and I will continue to load up. Value is right here. Right now, imo.
Yeah buddy this is just the beginning! Love to see some news on Thurs or Friday when the market is slowing down for the weekend. Big weekend for CHONG. Let's go FONG!
Completely agree. This baby is gonna blow up. If it drops to the basement, I'll be loading up.
Not really. All these shares were purchased as a result of the 900% spike. I am on all house money, as it were.
I can afford to sit back and wait to see if I was played a fool or FFFC takes off. Worst case scenario I've only wasted my time. Which pretty much puts me in the same position that you currently sit vis-a-vis FFFC.
I see value here. That's my play. That's why I am here.
Time will indeed tell.
Regardless, I wish everyone success in all trades.
GLTYA.
This is not dilute. Not the past few days it has not been.
I have to figure the source. All you guys got toasted for one reason or another. Bought into tulip (MJ) mania last year. I am here to play the value which I still believe exists.
So feel free to waste more of your time harping on the past. It won't do any of you any good, imo.
Reverse spilt? Lol that's the dream of a few bitter ex shareholders!!!
Less than 2ooM outstanding shares.
Quiet before the storm...just like early April, imo.
<a href="https://twitter.com/EncantoGrnCross/status/605024612624289793">May 31, 2015</a></blockquote>
Encanto is helping get the word out. I like it!
I'd love me some news this week. I have to people a lot of people sitting on the sideline waiting.
Looks like any serious dilution has abated per the press release. looks like the man kept his word.
Let's go FONG and CHONG!!!
Let's see what may happen in advance of the CHONG event. Giddy Up.
Bitter ex wife. That's all you guys sound like.
Feel sorry for you.
I like it!
I predict world peace by mid June.
I have a sneaking suspicion FFFC is going to go bonkers this month, imo. FONG has stemmed dilution--which confirms the April 2015 press release addressing the same. The stock has leveled out the past 2-3 weeks. The MJ Twitterati investors (by doing a simple Twitter search) are watching, ready to pounce.
CHONG has the Arizona Wellness Festival next Saturday, June 6th. That is why the press release issued this week specifically addressed the FFFC equipment installation and staff training for what will surely be gobs of MJ dispensary owners in attendance as FONG AND CHONG showcase the CHONG Green Card.
MJ dispensary owners, I believe, will also look at this as the CHONG GREEN RISK MITIGATION CARD. The sheer dollar volume currently passing through dispensaries is enough to give pause (and security heartburn).
MJ dispensary owners know it.
Cash is King, truly. But dispensary owners also want peace of mind--which means a purchase and payment system that relies less on cash and more on electronic transactions.
Call me crazy, but I think FONG and CHONG have identified a tremendous pain point in this nascent industry and are poised to capitalize. Good for them.
I'm hoping to tag along for the ride. If equity investment is predicated on potential future performance, FFFC sitting at $.001 is certainly worth the priced of admission. At least that's the way I feel about it.
GLTYA.
http://georgiamarijuana.org/2015/04/15/tommy-chong-on-his-marijuana-empire-new-green-card/
Tommy Chong recently did an interview with Yahoo Finance about his new “Tommy Chong Green Card“. The article is titled “Tommy Chong’s solution for pot’s banking problem” but the card is more like a frequent buyer’s club with perhaps a pre-paid debit feature. It wasn’t clear on how this would help solve the marijuana banking problem which is an area entirely separate from a marijuana buyer’s club (We’ve previously touched on some of the financial burdens that legal marijuana businesses face as a result of the federal prohibition).
The interview also briefly got into his marijuana “empire” building. Just in the last few months, he has come out with “Tommy Chong’s Smoke Swipe“, Tommy Chong branded strain of marijuana, and now “Tommy Chong’s Green Card“. He states it’s all “coming along really well”; perhaps “unfolding too fast“, but that “you gotta try it all if you’re gonna be in the game“. Who said stoners aren’t go-getters??
The interview is included below. Check out toward the end where he says we need the states to “decriminalize”. Did he mean legalize?
We are very pleased to have Encanto be our first Tommy Chong Green Card client and serve as our showcase as we prepare to roll out the program. Their recognition of the value it brings to their business in terms of customer convenience, rewards and retention validates the Tommy Chong Green Card program and will serve as a model for future adopters. In addition, having the system up and running for the Tommy Chong Wellness Festival next month will allow us to provide hands-on demonstrations to other potential marketers, commented Kurt Martig, President of CMFS.
When does that get underway? Is there a link you could share?
That would be great. Today was a very good, solid day full of buys. We get some great news, or Tommy starts the social media campaign (hopefully next week) and BOOM! We get legs!
I'd love to see a nice uptick at power hour! Be a good way to end the week.
Baller. I like it!
Green. It would be nice for you to call a power hour today. It's been awhile!
Selling has dried up the past three Fridays. FONG, save your news for FRIDAYS! lol.
Nice. There are so many zeros on that buy it makes me say "Oooooooooooh" LoL.
Anything drops to .0008/.0009 and I'll beat 'em like a baby seal!
Yes, because a Partner at DLA Piper--one of the preeminent law firms in the United States would jump right into a scam and risk her entire career, disbarment and possible civil and criminal penalties for a penny stock. LOL. Thanks for the chuckle.
No scam, imo. I just find the timing of the stock promotion a little curious.
GLTYA. I will check back here on my core holding in a few months.
Giddy Up! What do I spy? Is there pre-market action going on with FFFC? Haven't seen that in ages.
FONG AND CHONG baby! I'm calling a good day--particularly power hour. Going to end the week on a very strong note, and going to start next looking for more, IMO.
Excellent and insightful post. AND IN ALL CAPS TOO???
Watch today as this puppy ends in the green.
BOOM
I also see that FFFC is on the Breakout Board. I just get the feeling that tons of money is sitting on the sideline watching FONG AND CHONG...and at this level, and with the right news? KAPOW, imo.
GLTYA.
I pulled chunk the past two weeks...the opportunity cost of sitting and waiting vs. other equities has become crystal clear. At least to me.
Absent unbelievable news--and we're just too early for anything earth shattering (imo)--I've enough skin in the game to be happy if this puppy pops soon.
Otherwise, I am just going to track it and buy in heavily once the reverse split amount is announced. It will take a hit. They all do.
That said, I still believe there is potential for a 10 bagger, just not in the next 3-4 months. I think things will start to tighten up in September, as I have said before.
I have plenty of faith in Cataldo and I think the man will deliver. If you recall, they are only making their second payment (June 10) on the Research Agreement that continues deep into 2016.
I'm hedging I've got some time before this thing launches the way I expect it might.
GLTYA.
I suppose just two sides of the same coin. I'm betting 2015 is going to be strong for FFFC. The MJ sector is still going to remain strong until at least the November 2016 election. Even then, I think the cat is out of the bag for those States who have already legalized. I'd expect a larger market bounce going forward if/when the uncertainty about legalization on the fed level becomes more clear.
I don't even partake, but I like the sector and I like the CHONG!
Sorry about the dilution bombs, that's gotta blow. I have to believe history won't repeat itself.
GLTYA
Agreed. I could not help taking a little nibble--as did many others. IMO, this price is just giving it away.
LoL! I've been going over their filings recently and I think i'm going to take a position in the AM. Very low float in a pretty niche market. Given the current economy (which probably won't improve substantially any time in the next 2-4 years), this could be a little sleeper worth taking a flier on.
We have our positive catalyst: Econ Student is back. Any time he shows up the stock loves to head north.
Why did you not load up the truck after the 600-1? I know one could see it as throwing good money after bad, but I saw a stock with 14 million outstanding shares and a mouthpiece in CHONG.
Sorry to hear about that dilution. But I still think the girl has some Giddy Up. And if/when CHONG starts his social media campaign, it is going to spell good news. I like that roll out, albeit small, in Arizona for the Chong card.
I am watching Sanidor Systems LLC and watching to see if the website goes live in 60 days as promised. I am giving FFFC 2015 to prove me wrong. I can deal with dilution if there are business ventures being engaged. Though my personal preference would be to stick with 3-5 core functions and go from there.
If I were FONG, I'd ride CHONG as long as hard as I could. I think they are going to do good things this year. And if I'm wrong, then I guess I'll have been FONGED!
Fingers crossed!!! The old girl aint dead.
FONG AND CHONG
No way 6 billion shares were issued in 3 months.
I am. I bought another 760K today at .0008. Booyah.
I'll continue to add on any drops below .0008
Train derailment, lol. Well played sir. Look, all of shares I have were accumulated as a result of the whopper 900% gain. So I'm not looking at any type of loss, particularly if I don't sell.
At the end of the day, I would love to see another 900% but it would take jaw dropping news. I am not holding my breath.
I've never met the FONG, but I have to believe he doesn't wake up each morning to say "Ah, can't wait to fleece investors". All of the concerns mentioned in folks posts are in the SEC reports. There is no deception (sorry, Lured). If he is selling shares to pay for potential business deals that may draw revenue downstream, that's the name of the game.
And I have to believe the CHONG isn't his evil sidekick, plotting to drive shareholders to the poor house.
I mean, it's a sub sub sub penny stock. As such, Res Ipsa Loquitor.