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I agree.. We may have seen the "bubble" bust on MJ.. Investors will probably want companies to a have a strong foothold in the industry before jumping in. Such as a licensed producer. IMO we trade at these levels until the license is approved. I hope i'm wrong.
Share structure is the same. Something else is going on.
Thought this news would get us in the .06 to .07 range.. Especially since we hit .07+ on pure speculation. Kind of weird.
Just need some good exposure and volume. (Mostly volume) One more step in the right direction. Can't wait to see the "Supreme gets MMPR license" news release. Probably a couple months out though.
SPRWF long.
SPRWF news out. Facility one purchase option complete. MMPR license application submitted.
Right here waitin' got a sh$t ton of cash locked up on this one. This week will be very telling whether or not this is being manipulated in some way.
.035 just sold on etrade
Outstanding! You beat me to the punch on most of this. Good work!
P&D alert!!!!! Get out
Excellent information on licensed companies and the process.
http://www.hc-sc.gc.ca/dhp-mps/marihuana/info/list-eng.php
I hope it works out for SPRWF!!
I'm going to file a public records act request to see if a license has been applied for. It's free and could settle any pumping rumors. We'll see how that goes. Still have faith! SPRWF long
I like your thoughts.. I'm doing some DD on who's buying and selling at these levels. That should provide some clarity on the .05 warrants.
I may just find out there are folks content with flipping for a penny here and there.
SPRWF long!
Even at fully diluted we should see .10+ on license news IMO. I'll reserve some statements until next week to see how this plays out.. Kind of a weird gut feeling. I need to do some more DD.
Another PR by the end of the month stating the application for MMPR has been submitted would do some good.
For now I think we trade in the high 4's to mid 5's on low volume for a while..
Long play here folks. SPRWF.
Are you upset because of the pps? Do you have any facts to back up your claim that this is the scam? Has any of the owners/management ran a scam in the past? Are there any legal issues with the company or its management?
I wish the pps was higher too. Trust me. Nobody likes to be red.
Expect sells from 1. Short term profit takers and 2. From folks who got burned on the last major dip. There are some who just want out. I on the other hand, will be here until this hits at least a buck. SPRWF LONG..!
We need volume or a major stock promo with the latest news.
A kilo of MJ (or 2.2 lbs) has a street worth of around 2,000 USD. So that would mean the facility could make about 90,000 USD per month on the low end.
High grade medicinal MJ costs around 1,700 USD per pound. If the facility is producing high grade it would be able to make at least 153,000+ USD a month or 1,863,000+ per year. Based on 45 kilos per month.
Regardless this news is a great step in the right direction. Now we need the license and close on the facility in 60 days. So I think there will be some interesting trading on the future of this stock.
Hopefully this is just one of many facilities SPRWF is going to acquire. Eventually becoming a multi-million dollar MJ company.
All in my opinion of course. Thoughts?
Patience.. The company doesn't owe investors any acquisition news until the 29th. Anything before that is a gift.
Now trading on the same exchange as ATTB$ .. and able to move right into the MJ biz. Dollar land in time!!
No worries here folks.
I believe DD was extended to the 29th. They really don't "owe" the investors a PR until then.
Trading in the same channel. Until we get news this won't go up exponentially. Buy the dips.. Patience
I can't freakin stand the wait.. This is going to rock!
Anything under .10-.20 in the short term is a steal. 1.00+ after acquisitions and projected revenues come in. I think we'll see some short dips in the .057 to .07 range as folks sell on emotion. All IMO.
Is it Monday yet!? Big week coming up IMO.
Agreed. Once SPRWF closes on the MJ deal this should fly over a buck. The second facility may put this stock in 2+ range. I'm holding until I see a well over a buck pps. Getter done !!
Out freakin standing! Dollar land folks! SPRWF LONG
Nice to see .05 again.. Keep on chuggin'
Hang in there bro.. I don't use private messaging. SPRWF is solid. Management is working their butts off to set things up just right for the long run.
Okay people. Please read prior posts and posted news. The same questions have been asked and answered. It would also behove you to do your own DD.
1. IMO the company used .05 warrants to finance the upcoming deal(s).. Therefore no need for private placement. Which is very good for investors.
2. The halt is standard operating procedure when a company has a major change in the works. ie becoming an MJ company or a complete merger.
Patience will pay! SPRWF long.
They are going to pay cash from the sale of .05 warrants.. We will get a grow.. Just be patient.
Darn good point..
News is coming.
IMO we'll get news this week.
Those types of halts are focussed more on US companies that are trying to get in the MJ business. In the US MJ is still illegal at the federal level. The feds enforce laws in regards to the financial exchanges. SPRWF is getting into the Canadian MJ business. I don't think they will be halted like US companies. IMO.
From everything I read the halt is standard operating procedure to ensure investors know the company is changing something in the business.. Such as the entrance into MJ. IMO..
Yes the last PR took me buy surprise.. I wish there was a little more detail.. Still long on this one.. Didn't really lose much of my initial buy in..
The good news is that the PR did not say the deal was off. Glass half full on this one. We seem to be holding 4's..
IMO it is probably a cash deal.
Maybe they are getting a better deal from the second grow they were looking at.. I have to be honest folks I this news took me by surprise.
Uh oh..