Hardly Breathing
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.
it is not legal in Canada. Canada recently extradited one of its own citizens who was growing and selling medicinal pot to those in need of it. He himself was in a wheel chair. It is not legal in Canada at all. The Chief of Police Association in Canada has recommended it be decriminalized but the feds are not budging on it at this time. The dumb thing is that here we are seeing states decriminalize pot but the government in Canada did not want to do that for fear of pissing off the Americans so they keep throwing people in jail. In some places like Vancouver the police may turn a blind eye to it but it still is not legal. I read an article that said it is British Columbias biggest cash crop but it is illegal.
He did say the fence is nearly complete and they are working on the vault on the interior of the building. they did not build that building for Creative Edge but built it and sold it. the picture on google was from 2012 but the number on the sign was valid which is what I called. So all of this work being done appears to be extensive on the outside but puzzled as to why the building permit officer did not say anything other than it was a storage building. that part of the country was known for tobacco so growing weed should be a snap and a boon to the local economy if they are approved.
I talked to the contractor doing the work and you can see from my other post what he said. He was the owner of the company who is doing the work. Those pictures were from Ontario as Bell is a Ontario company and there is a Bell car in one of the photo's. Also searched Google earth based on the road signs I saw and they correspond to the address and the building is in the google earth pictures and the road signs are european in khm so that is Canada for sure.
even more interesting is I went to Google earth, saw a picture of a building but noticed a sign advertising a a building they had just constructed and it was for sale at the time. So I got the number off the Royal Lepage sign which is a real estate agent and talked to a guy from the company that built the building. he confirmed to me over the phone they have almost completed the fence, and they have laid the concrete on the interior of the building for the vault. the number I found on the sign was 519-735-6606 caled JSE. You can call them and verify. what i found interesting is the town said one thing but the builder said another. Also the address comes up as Maidstone, Ontario. So it looks as if those pictures are real. I asked the townside for clarification and hoping they reply tomorrow. the webiste address is www.jseltd.ca and I think you can see one of the company buildings in their pic gallery.
interesting because I checked with the townsite of Lakeshore, Ontario last week and they indicated the company only has two storage buildings. As they told me:
They have a permit for a Agricultural storage building on the property and they do have an existing Agricultural building on the property. At this time they have not applied to our office for site plan control.
So what those pictures show is they have been working 24/7 since March 17 to do all the work they have pictures of on their website.
For doubting thomases please contact the town of Lakeshore, Ontario yourself. Unless those pictures are not from Lakeshore, Ontario.
where are the pictures or information on the build out? Fences, barb wire, who has this informaton and where can it be viewed outside of this message board.
The first step would be getting approved an given a license to supply. I don't think the Canadian government is basing their granting of licenses on the amount of barb wire and the height of your fence.
You are correct to be sure but moving averages used in isolation are not as reliable as some may think.
Level II can provide some clues as to direction. If you begin to see large bid levels away from the current inside bid, and those levels are getting thicker as you go lower, that often can be an indication not of support but of weakness and what you see is short players looking to cover at lower prices. If those levels begin to thicken as the price levels drop on the LII, the direction is lower. If the price levels away from the inside ask begin to thicken at levels higher than the inside ask, look to the price to rise. Quite often users of LII misinterpret large bid levels as support and large ask levels, all away from the inside as being resistance.
The 50MA means nothing in isolation from other moving averages. Of all the moving averages commonly used, the 50 day is the least accurate being correct in its predictive results only 16% of the time. It is most commonly used because it is an even number and is the MA most commonly used by the media. In terms of its accuracy, it has no relevance.
Not worried at all. The sky doesn't fall, we all just get taller now and again. I am not a gambler, I am an investor. Invested amounts are related diredtly to the risk and anyone who states or foolishly believes there are risk free investments, well, I have seen the empty bank accounts of traders litter the side of the road after those risk free tradest they entered into. Whether the message board is for a penny or for the big boards, the messages are the same. The biggest risk in penny stocks is they are penny stocks; the biggest plus of penny stocks is you can volume up at little cost but that does not change the risk. The only risk element specfically is to an investors ability to absorb a loss.
good luck with the rest. hope it works out for you.
I don't care about Hipple either. The key to successful investing is to pay attention to what the major players are doing and to trade on the same side. And remember, you have not made a penny on any stock until you sell. You are up on paper but if this were to be halted today, or any stock you owned, and came back, you might see that paper profit vanish. The two most difficult things and investor can learn is when to buy and when to sell. Those are the two most overlooked aspects of trading. Good luck with your hold, hope you make a million on it.
the first part was the reality. The second part about Hipple was to prove a point. Some here said the story was made up but it was in fact filed only yesterday so if by old you mean a day old, then yes, you are correct. No intent here simply that just because people have not learned the facts does not mean they can make up their own to suit their own lack of research, either someone who is pro this stock or anti this stock. But here it seems easier to let the "facts" get in the way of truth.
A couple of people have asked me to post some of the examples I used when teaching technical analysis to traders but no time for that now (the most important lesson was on averaging down/up) but I can do that when I have more time. Here is the first lesson I taught. I told them they can put as many technical indicators on their charts as they wished and they could use their favourite time frames and signal lengths as they wished. I gave them 45 minutes to set up their screens and to provide me and the class with their analysis of the Nasdaq stock HOPE.
Over the course of 45 minutes no one said much as they were busy but I soon began to notice a lot of perplexed looking favourites and hear a machine gun staccato of finges typing on keys.
After the 45 minutes were up I picked on one student who told me his feed was not working because he could not bring up the symbol and then a quick chorus of similar comments. Finally one student said this. I think I know what this lesson taught. I asked them what that was. She said (yes it was a girl).."hope doesn't trade on the markets!". That was the correct answer and then we began to work on how TA really works and how to use it.
So remember, HOPE doesn't trade on the markets. First free lesson.
The problem with message boards is they become predictable and self-perpetrating and sadly in the end do not mirror reality at all. Take for instance the constant story here, and on every other message board where the share price is stalling or falling back. It is always the MM's holding it back so they can get rich later. So many fall into believing that story; they continually add shares on the lower end with the vast majority of them never seeing a profit. Girls and boys, the MM's don't care about this stock, or any stock for that matter. Since they make the market they can easily bid the price higher, lettting it roll, sell into the rise and then short the stock. They can go both ways and care not where it ends up and who gets hurt. You are saying professional traders are listening to the pulp put out by fluff pr's, bogus financials, unaudited financials all in the hope of cashing in big. They make their money from order flow, from liquidity trading, from block purchases for a client. They are not investors, they are traders and purchase inventory for others including their house. Until you understand how the market truly works you will continue to believe the myths and legends perpetrated here as gospel...not just AEGY but any stock. Go and look around and you will find the MM bogeyman under everyones bed. I can truly say that after 25 years the content of the message boards has changed little. My favourites of course are those who use the jargon which seems to provide them with some sense of leigitmacy on the boards using terms like "slap that ask -<you slap it not me, I don't want to get burned on the trade>), or "buy more brotha <as if he is really your brotha> but ou might be his pimp" or "the chart is looking good for a strong run brotha!" but are usually new practitioners of the dark science of technical analysis without really having a clue other than what they read on what a signal is supposed to tell them. As I said, it all can be very entertaining. I checked out the links yesterday from Florida and it is right there in plain English, Hipple is there. So a quick run down.
Michael Choo is in. He is also on the board for SKTO, board of Novation (run by Gelmon under a trading halt in Canada), and is on the AEGY board now. Benz was listed as legal counsel but now Hipple is. Benz is not a securities lawyer but an entertainment lawyer (which makes sense give much of the humour on this board coming out of AEGY/SKTO) but he was listed as counsel for both AEGY and SKTO. Hippe is new legal counsel and Manager and signed for the company. Now, unless he has ben dis-barred, the way I read his ban is he cannot be a director or officer and he seems to be legal counsel but he then signed on behalf of Manager which could be just the fact he has Power of Attorney to sign. What is interesting is the address in Florida. That building contains mailboxes and a medical centre so in all likelihood just another virtual office mail drop off. There is no corporate office other than the booth they are sitting in when they talk on their phones. It is a small circle of the same cast of characters moving from one to another. There job is to create the "facts" and the second part of their job is to unload their own holdings.
But thanks for the entertaining reads. Go and slap some ask instead of a$$, sing He Ain't an Investor, He's my Brotha till blue in the face and take comfort in the fact that the big feeders school their meals to make it easier to eat.
If the market makers are professionals and professionals always seem to have the inside scoop then doesn't it seem foolish to be trading contrary to the market makers? I mean, they make the market and could care less if this goes up or down since they trade profitabyl in both directions so would it not make sense to try to determine what the "market" is doing overall and trade in the same direction?
Question fro you. Why do people use the 50 day ma?
you and old Bill are buddies right? Just called up bill last night and he tells me things he hasn't told others.
Have you sold yet?
This can get interesting for FITX because if they begin producing mj in Ontario they are going to be classified as a Canadian company and will be subject to Canadian regulator rules and requirements which means they are going to have to file annual audited financial statements and will be treated like any other stock in Canada on thier stock exchanges instead of on the pinks or QB. AEGY is under a Canadian trading halt for failing to let the regulators see their financials as they must be audited or they get shut down which means Canadians owning the stock cant buy it or sell it any more.
Home growers must dispose of or turn in to police all materials still on hand after April 30, 2014. April 1 feds no longer provide.
just saw this. As of April 30 all Canadian medical mj users must either turn in thier seeds, anything growing, or any finished plants or risk being charged. This is part of their process for turning this over to private enterprise. Now medical users after April 1 cannot get a supply for their needs.
I was a trader on the Nas and nyse for over two decades and have seen this type of "irrational enthusiasm" during the dot com boom. So many of those IPO companies did not last a year and the investment mentality based upon projected earnings rather than real earnings cost many their life savings. It is almost a mark to market mentality on these mj stocks. The ones which will thrive will find themselves in the research driven side as they explore the potential for products from the plant rather than the smoke 'em if you got'em mentality investors. We are talking medical mj, not recreational mj.
Nothing like a well thought out response to a post. Please, keep it up. I do so enjoy your prose. It makes a long day fly by. Cheers.
I really cannot speculate as to what the town may or may not do but simply wanted to clarify some points. The town may well grant this zoning if the company application to the federal government is successful. A Canadian friend has done some research and much of south west Ontario was once a thriving tobacco producer but that crop has vanished and this new crop may be of economic assitance to those communities but until they are granted a federal license to produce everthing remains speculative. I dislike pumpers and bashers and only wish to post the facts as they are uncovered. Nothing more. Just a reasoned approach.
I am assuming the company they referred to but did not name is FITX. I asked if that ocmpany had applied but they responded only that a company has. I would not place too much stock in the claims about the mayor, RCMP etc being behind this. I read a report on Canada and medical mj and the police chiefs recommended they stop issuing criminal charges and instead only issue tickets for simple possession but we are talking two different things altogether which many dont seem to get. Medical mj requires an application process and many doctors still are reluctant to provide patients with this access because there is no control over quality, dosage, and so on and they do not want to be held accountable. But many think this means you can score your weed for a party from these firms and this is different. The government in Canada who controls this will grant medical access but not recreational access and these firms cannot sell to the general public. Also the cost is going to be high once corporations get control and many drug plans will not cover this cost initially. There will be liability issues to deal with such as a drug plan covered user selling their acquisitions in the illegal market so there is much to do before this becomes standard practise. there will only be fewer than twenty companies supplying medical mj in Canada but it is not for recreational use and with the feds involved there will be many obstacles to overcome in that country. As to exporting it, good luck with that.
The feds there also provided seeds etc to grow your own but that has ended or is soon ending and medical users are screaming their projected costs for medical pot is going to quadruple because the feds getting out of the supply chain side.
then the employees should speak to one another.
Here is the reply. I much prefer having things in writing as anyone can say anything on the phone or it can be made up so the numbers are below, the email is below. I have nothing to hide here and simply posted what I was told. See below. The top reply is their second response and below that their original reply.
As I said before, they have a permit for a Agricultural storage building on the property and they do have have an existing Agricultural building on the property. At this time they have not applied to our office for site plan control.
Thank you
On 17 March 2014 13:37, Morris Harding <mharding@lakeshore.ca> wrote:
Good afternoon XXXX XXXXX There is a company that has applied to Health Canada for a license to grow medicinal Marihuana, but they have not submitted for permits or site plan control at this time. There currently exits a permit for a agricultural storage building at 20 N Rear Rd.. Thank You
Morris Harding, C.B.C.O.
Chief Building Official
Town of Lakeshore
T 519-728-1975 x258
M 519-796-5376
mharding@lakeshore.ca
I was in touch with the village/town of Lakeshore and they did confirm the company has two buildings but they are zoned as storage only at this time. To get things up and running they are going to have to apply for permission to convert/build and so on. I sent the info here about the mayor being a supporter and so on but they would not comment on those comments at all and only said they have two buildings zoned storage only.
There is a lot of work yet to do but it is going to be a field cluttered with activity as shell companys become mj companies. FINRA has issued warnings about the medical marijuana scams already plauging the market. I bought this stock on a flyer, for fun rather than deciding what colour my yacht will be and in my opinion this stock is not going to deliver the kind of returns the pumpers here are touting. One thing I learned after more than two decades in the trading world is the market is always right even when it is wrong. Big money talks, pumpers walk.
they first have to apply to the exchange for a listing, satisfy the listing requirements, while at the same time requesting a new ticker symbol. The symbol change likely will not change until they decide what exchange they will become listed on. With funds in short supply at the early stages it would be my bet they will take on OTCQX listing because it is cheaper than going to the NASDAQ or NYSE or AMEX. They then can switch exchanges over time if they feel it might benefit the company. The OTCQX requires audited financials, an application for a listing and other very similar requirements the other major exchanges have. If they feel they want to attract bigger fish to their pond they might opt to go immediately to the big boards as the OTC boards are not really recognized as exchanges and could prevent funds from investing in the stock if the business picks up steam.
what a joke you are.
boom you lied about speedtrader, you lied about the lawsuit, you lied about owning 50 million shares and who knows what other bs you have placed here so why would anyone believe you now? you just posted about Canadians being able to open an account and now you say you are going to move there. You just lie and lie and lie.
Sorry boom, Canadians not allowed. My buddy already tried this.
You might try to jump through hoops like starting an LLC in Nevada, have a mailing address but you are still going to have tax issues with trying to bring the money back into Canada. He has opened accounts in a few different places in the US and he gets shut down everytime if he gets past the application process first. But I am sure they will take your account since you have 50 million shares, are suing the Alberta regulator and have a medical pot license. You are privileged indeed.
Do you accept foreign clients?
Yes, except for Afghanistan, Albania, Algeria, Angola, Antiqua and Barbuda, Argentina, Bangladesh, the Balkans, Belarus, Burma, Cambodia, Canada, Congo, Cuba, Democratic People's Republic of Kora (DPRK), Ethiopia, Ecuador, France, Ghana, Indonesia, Iraq, Iran, Ivory Coast, Jamaica, Kenya, Kuwait, Kyrgyzstan, Lao PDR (Loa People’s Domestic Republic), Lebanon, Liberia, Libya, Mongolia, Namibia, Nepal, Nicaragua, Nigeria, North Korea, Pakistan, Sao Tome and Principe, Somalia, Sudan, Syria, Tajikistan, Tanzania, Turkey, Venezuela, Vietnam, Yemen and Zimbabwe.
it just keeps getting deeper Boom, you really are good at this. Ever think of becoming a politician? bs seems to come naturally to you.
nothing worse than fake 73's. Not as bad as a fake lawsuit though.
I also said I had no idea if they were negatives or not. It was an observation. Nothing more, nothing less. I am not whining about it, simply stating a fact, which around here is hard to find.
It is a small world though 0001. Benz is legal counsel for both skto and aegy, Michael Choo is with NOHO and SKTO, Gelmon is head of NOHO. These guys never stray far from one another. No idea what that might mean in the grand scheme but it makes me nervous seeing what a small incestuous world a few of these companies share. Negative. No idea, only if the SEC decides to sniff around. Positives? Who knows although the You Tube show could be interesting but I think overall many believe if you are a non medical user you can still get the pot. Really, how many people in Cali have licenses to purchase so all the zip codes might mean nada, or Cali has the highest incident rate in the country for medical pot! No idea, it will all come out in the wash at some point.
All I know is one of the SKTO directors also works for NOHO which is associated with Gelmon.Gelmon is also associated with FGLD Solar, and others all of which have been halted in Alberta. They are busy up north, must be a way to keep warm. They burn all these stocks. I think Gelmon is associated with five or six of those including NOHO.
Crown City Pictures, Inc. 3/11/2014 Cease Trade Order Crown City Pictures, Inc.
First Star Resources Inc. 3/7/2014 Cease Trade Order First Star Resources Inc.
Asia Packaging Group Inc. 3/7/2014 Cease Trade Order Asia Packaging Group Inc.
ProSep Inc. 3/7/2014 Cease Trade Order ProSep Inc.
SAMEX Mining Corp. 3/7/2014 Cease Trade Order SAMEX Mining Corp.
Banyan Corporation 2/20/2014 Cease Trade Order Banyan Corporation
Golden Patriot Corp. 2/20/2014 Cease Trade Order Golden Patriot Corp.
Desert Eagle Resources Ltd. 2/18/2014 Cease Trade Order Desert Eagle Resources Ltd.
Delta Uranium Inc. 2/18/2014 Cease Trade Order Delta Uranium Inc.
Centor Energy, Inc 2/7/2014 Cease Trade Order Centor Energy, Inc
Deloro Resources Ltd. 2/6/2014 Cease Trade Order Deloro Resources Ltd.
Salmon River Resources Ltd. 2/6/2014 Cease Trade Order Salmon River Resources Ltd.
Magnum Energy Inc. 2/5/2014 Revocation/Expiry Magnum Energy Inc.
Armadillo Resources Ltd. 2/3/2014 Cease Trade Order Armadillo Resources Ltd.
Focus Gold Corporation 2/3/2014 Cease Trade Order Focus Gold Corporation
Algae Biosciences Corporation 2/3/2014 Cease Trade Order Algae Biosciences Corporation
Franchise Services of North America Inc. 1/29/2014 Management Cease Trade Order Franchise Services of North America Inc.
Noveko International Inc. 1/24/2014 Cease Trade Order Noveko International Inc.
Adama Technologies Corporation 1/15/2014 Cease Trade Order Adama Technologies Corporation
Alternative Energy Partners, Inc. 1/15/2014 Cease Trade Order Alternative Energy Partners, Inc.
Solar Energy Initiatives, Inc.
Novation Holdings, Inc. 1/15/2014 Cease Trade Order Novation Holdings, Inc.