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In other words, "we won't restore MoviePass until the summer blockbuster season is over, after that time, we will restore service and continue to offer limited movies and times all while we continue to rip you off. Thanks for your support. P.S. We'll allow 5 of our subscribers (5 of whom we personally know) to use the service while our updates are in process to make everything seem on the up-and-up. Again, thanks for your support, we can't stay listed without out you."
News out! VFRM to reach 25 million followers via social media influencer.
Gap up to .2615
LOL
Do you know where I can see Canadian tickers in real time.
If not an acquisition, at least a deal with a big US company.
So here's what I think will happen tomorrow since Canada had a holiday today.
MTLO will gap down to at least .28
OR
DRKOF will gap up to at least .2775
Open should be a good one!
You do realize that the price difference between the two tickers is due to the USD/CAD currency exchange rates and not because one ticker is better than the other?
Thanks for the info.
I went back to the previous holiday of July 1st to get a sense of what happens. I used WEED/CGC instead of MTLO/DRKOF because there wasn't enough data/info to get an understanding of those.
Just my opinion, but when a dual exchange ticker has a holiday, the next trading day one of the tickers will gap up/down to reflect the current currency rate.
So since WEED is off on Monday, on Tuesday, WEED should gap up/down based on 2 things: CGC's Monday closing price and Tuesday's USD/CAD currency rate which changes frequently.
(Just had a flashback of when I wanted to do FOREX trading...lol)
So I've come to the conclusion that there are no advantages that a trader can take advantage of when dealing with dual exchange tickers when it comes to holidays. No one can determine which ticker of the two tickers will gap up/down or by how much...at least not in real-time.
"Go Martello go !"
I know you don't mean that. I've seen your posts on the MTLO board. Lol
With 4000 global clients, Martello is an acquisition target. Q1 numbers coming around middle of this month. So yeah, go Martello go!
What was the closing price and volume?
If you believe in the stock/company slap the "ask" as your belief would be the price is going up regardless.
If you believe in the stock/company and are conservative, put your buy order in trailing stop loss at 5 cents below the bid. If the stock price declines your price moves with it until the stop price is reached.
Conditional orders are your friend :)
Charts farts...
Currency exchange rates controls the spread of the 2 tickers; Volume dictates the outcome.
Most volume between the two will also have the higher/lower percentage gain/loss between the two.
Same reason why stocks trade afterhours while companies are closed.
When the US has a holiday, does that stop the counter CA ticker from trading?
As long as there are buyers and sellers for CGC, the stock will trade, and WEED will adjust accordingly come Tuesday.
I guess STZ/CGC attorneys made them take it down.
Yeah he did mention a woman, but not her appearance...pretty sure an "ugly" one would do just as good. LOL
With dual listings, the exchange ticker with the most volume usually dictates the direction of the stock.
CA:WEED volume 2,213,300 +4.55%
US:CGC volume 3,894,800 +4.91%
CGC dictates. Take CGC closing price of 32.71 and input it into a USD/CAD currency exchange rate and you'll get 43.22 (43.27), WEED's closing price.
https://www.google.com/search?q=usd+to+cad&rlz=1C1CHWA_enUS625US625&oq=usd&aqs=chrome.2.69i57j0j69i59j0l3.3264j0j8&sourceid=chrome&ie=UTF-8
So whatever CGC does on Monday, WEED will catch up to on Tuesday...CGC might wind up unchanged...lol
STZ has some pretty powerful investors/institutions. You don't please them, you won't have a job.
Sometimes I think Bruce is scared of the American market, because at one time during an interview, he mentioned how being US listed, brings the potential of lawsuits from investors, and lots of questions from FINRA (this was in reference to the Canntrust situation). I guess in Canada, companies can't be sued. Lol
Anyway, hope Bruce beats his fear and brings Martello to a US exchange (lol)...or at least gets DRKOF to the QB or QX. Maybe not...He might also fear this being shorted if it gets US listed. When it comes to a dual listing such as US/Canada, the ticker with the most volume will control the price movement. Example: If CA ticker MTLO has 100K volume and US ticker DRKOF has 500k volume, MTLO will move according to DRKOF price at current USD/CAD currency rates.
So if Americans short DRKOF to hell, so goes the MTLO stock price; thus not letting Americans play, thus keeping DRKOF on the grey market. All just my opinion.
Proud to say I discovered this on 6/18 Lol.
$1 billion market cap coming. GLA
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149456510
Martello needs US money behind them and they have none. That's one reason I think they are not listing on the US exchanges because they don't have a footprint here. I got that sense when Bruce said they will list Ruckify on the US exchange because the majority of Ruckify's business will be US based.
I don't know how many clients Martello has that are US based, but I doubt it's significant.
He probably won't. He's not obligated to. I must say it's rare for company directors to buy their own stock unless they really have to to appease shareholders. I don't get that feeling about this bunch.
It doesn't even need to be a major purchase. 500,000 to 1,000,000 shares would be enough to show investors that insiders are confident in the company.
I wonder how many shares Bruce already owns?
These low prices should be very attractive to insiders?
Bruce and/or Terry needs to show some confidence by making an insider purchase. That would be huge if Bruce makes an insider buy.
I'm in silence mode on SGMD for the time being, but I must say, YOU'RE THE MAN!
At the rate this is going, the market cap will soon reflect only the $5 billion STZ investment.
Just so there's clarity, the related post pertains to Ruckify possibly going public in Q1 2020.
Bruce said they are aiming for a US listing in the 1st quarter of 2020.
Of course it's fake. Why would Ted be sending investor relation matters to MoviePass subscribers. Makes no sense. That's what an 8k is for.
Most customers don't even know what a reverse split is. LMAO
Exactly...broken = replaced....missing limb = insured zero liability.
Maybe I should go spend $5000 on essential items and Ruckify them. Shouldn't take long to make my money back.
If I list 100 items on Ruckify and rent each one for $1 - $2 per day that's $3000 - $6000 a month.
Surely I can come up with 100 essential items at $50 each :)
It would be nice to be an early investor and get some shares before they hit the market.
I bet there will eventually be companies listing items on Ruckify. One can make money buy renting by the day or by the hour.
"For events, Ruckify!" (grills, propane tanks)
"Just had a newborn? Ruckify!" (cribs, strollers)
I can come up with many slogans...lol
Lol. It was hypothetical.
I meant that if they ever had/gets a deal with Ruckify, they should announce it in that particular way.
During the video I noticed Bruce said Martello had a good quarter. So I'm thinking the August earnings report should be good.
Martello has 4000 clients and growing. Hope they are working on some US deals/partnerships.
Ruckify appears to be the Ebay of rentals. Should be huge. I hope there is some sort of software in the Ruckify app that's associated with Martello software. And if so, they should make that announcement...
"Ruckify has signed a 10 year subscription deal with Martello"
100% sure this is why stock moved today...
https://www.bnnbloomberg.ca/bruce-linton-on-canntrust-fiasco-being-fired-and-where-he-goes-from-here-1.1293159
I'm not that good with charts, but if you are charting, I'd be using the MTLO ticker information versus DRKOF.
LOL. I don't mind blowing through my post...the quicker they are gone they less time wasted. The only reason to subscribe to paid service is for unlimited posts, I wouldn't need all the other things that come with the paid sub because I have all that via my TD brokerage account.
No other info other than what Morningstar said. Just the .81 CAD .61 USD. conversion.
Morningstar is credible...so we are undervalued...even Proctor mentioned that.
I don't know if one can short TSX venture stocks, but if so, maybe some Bruce haters are shorting MTLO. Just a thought.
We have to realize that the way TSXV: MTLO moves, we move. If MTLO is down, DRKOF has to be down. The computers are set where 100 shares of DRKOF whether bought or sold basically corresponding to what MTLO does/did.
If MTLO drops 10%, 10% of value also has to come from DRKOF stock price; just to be in sync with currency rates.
The same who hold true if DRKOF was the volume dominant stock then MTLO would move according to the USD rate.
2 post left :)