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catalysts move penny stocks. What better catalyst could a hemp company get than full Hemp legalization??
Lol it already did. Corrections and retractions. You mean it won’t happen again. Which I would agree. It’s unlikely to to see that big of a jump, but going from heavily restricted to legal who knows how high this can go.
Could have one or two 100 mil volume days. The biggest part of the run will still probably be closer to the actual vote on the bill.
3000% for Hemp. Is that too small of a gain?
Just like December lol. I still can’t figure it out. Did they dilute a bunch of shares that month or did they stop?
Nice day so far. Tomorrow should be fairly good in anticipation for next week. Monday could easily see over 100mil volume if that’s the day the bill is introduced.
Hemp is just leading the charge for CDC oils lol. They are getting a head start over everyone else.
When this takes off, i don’t think people will care about grammar.
Hey if the president can make grammatical errors why can’t Bruce??
When I emailed 21 of the establishments that previously sold MHBA, the link below was the hemp beer that most said they would be selling around 4/20. I only got responses back from 10 of the 21 and only 1 confirmed they will be carrying MHBA.
https://www.thecannabist.co/2018/04/03/new-belgium-hemperor-hemp-beer-kansas/102915/
I’m sure you will see crazy predictions coming in the near future on how high the pps will go. Some will throw out .50 and even $1. Realistically I expect nothing lower than .06, with a decent shot at somewhere around .15. Only if there is a third leg to the run will this go passed .30
I expect very few to oppose the upcoming bill, which hopefully means they can vote on the bill quicker than normal.
https://amp.desmoinesregister.com/amp/484563002
The vote was 49-0 in the Iowa State Senate. The margin of vote tells people where politicians stand on Hemp. Next week starts the process for national hemp legalization.
Financials are by no means meaningless, they just pale in comparison to legalization catalysts. A better report wasn’t going to shoot this stock up tomorrow but it would have helped out for the run.
That’s actually a question you are going to want to avoid. If you say a lot of shares were sold, well then it’s been proven HEMP can spike even on massive dilution. If you say few shares were sold, well then it kinda kills your whole “this company/CEO never stops diluting”
How much was diluted last December??
Again, you literally can’t get any better catalyst for a hemp company than the one coming up.
Some people are trying to make dilution sound scary, when it’s not. It’s equivalent to a baseball player who strikes out a lot, yet hits 50 home runs in a season. You take the good with the bad. We are on the verge of great.
Sounds like a marijuana company I know that was even halted by the SEC a few years back. That company was up over 1000% during this latest marijuana run.
Insignificant for long term investors, helpful for those that aren’t.
Dilution is the name of the game. Just like catalysts, runs, and spikes are all part of the same game.
Lol $150k daily is somewhere around $36 million a year. They may average $150k for a week here and there.
Most of the time you shouldn’t hold onto penny stocks for more than a few weeks. The only time to hold on longer is when you know there is a catalyst a few months out. And that’s exactly what we have here.
I won’t be one of those people claiming to still be accumulating, or telling people to buy now or you’ll be chasing shares. I’ve got all the shares I need, for what’s coming up. Maybe some sell because they don’t like what they see right now.
Dilution is still occurring, and as I’ve said this could see high .01s. But just as with Canada, it will come.
I get that you don’t want that to be the reason the stock ran, but it was.
The CEO won’t let this stock run, except for the times that he lets the stock run.
.017 to .0595 in December.
For the whole dilution/CEO keeps selling shares crowd, there isn’t much to say after that.
It was the main reason.
Thanks for the info.
How many companies have a stop sign??
For Hemp companies there literally can’t be an better catalyst coming then the bill that is about to be introduced and later signed into law.
You mean a company that dealt in a federally illegal and heavily restricted industry saw little revenue. Call me shocked lol. Maybe you know of a few good shroom or LSD companies that are killing it right now?? Or is that darn Schedule 1 hurting them too.
Agricultural Act of 2014 = 3000% increase (.01 - .30)
CA Marijuana legalization = 300% increase (.017 - .0595)
National Hemp legalization = at the minimum this should go above .08, with the potential of a lot more.
If I sell some time later this year I might try and say the same thing and see if anyone buys it.
As I’ve said before this potentially could dip into the high .01s, and if you got shares at that price then you are better off then most. But anyone who has purchased shares and those who are purchasing are almost certain to make some great money in the coming months.
The timing of the run could hinge on how quick congress can vote on this upcoming bill. Generally it takes many months from introduction to the signing of a bill. However since it is the Senate Majority leader introducing the bill, there is a much higher chance it only takes a few months until a vote is taken. Also, there is very little concern of congress opposing this bill since it has such a strong republican backing and democrats will almost unanimously be in favor.
Next week the bill gets introduced??