Hardly Breathing
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based on what?
I tried to apply and the process was pretty transparent. I did not get far mind you as I could not provide verification as a medical mj user and had no credentials so the application process was stopped.
I wonder how many here think anyone can buy pot from pharmajanes?
I dont think that simply because we have no way of knowing. Do you think the SEC or any other regulator takes one day looking at these companies. They could be looking at all companies but that takes time, manpower, meetings with legal to see if you can order a halt. It is not that simple. They told me by the time an annoucement is made about a company it can be more than a year, sometimes shorter, sometimes longer they first looked at it.
the company has a responsibility to be able to confirm otherwise why announce it? If you cannot substantiate the release then releases become meaningless with no accountability.
what I don't like is what is not said. Our partner puts out a news release today about a new partner without naming the partner. So that is about as good as somone stating the SEC will halt the stock. No proof, no name of the comppany. It looked like a promo release to me to keep interest up. The other things that bug me are Benz is part of both players so his silence on the Canadian issue concerns me as AEGY because he has skin the other side of the game so what does HE care? One of the drectors of our soon to be partner is with Novation Holdings, which is part of the Gelmon web and Gelmon was part of AEGY. Too many tentacles out there to make me feel overly warm and fuzzy. And novation hodlings is also under a Canadian cease trade.
the thread became confusing. Someone posted AEGY could ship to Canada, I said likely not as the market there is run by the feds then someone pointed out FITZ which is where it became confused with AEGY.
it was in response to someone claiming they could ship to Canada
but they cannot sell in Canada.
but they dont have any products. they dont even have a license fromthe feds to grow it never mind supply it.
that would be an important fact in a pr otherwise companies could say anything and never back it up. Fluff post to try to support the share price.
Boom you did not see my message last week about the Alberta regulator. I called them and checked things out. What you said doesn't add up according to them. They told me they would never let anyone know if there was a complaint about someone like you said in your post and was also told that unless you can prove the Alberta regulator was being seen as not being fair and going outside their own rules they cannot be sued by anyone. Even if they charge you and you win your case you cannot charge them. I mentioned the 30 dya cooling off period you mentioned ot me and the response was no way they would say that because they have no authority to say that. They also dont comment on complaints or investigations and wold not comment to a lawyer.
would love to see your license or permit or card you have. Scan it and post it and leave out your name.
so that one is a big if. No license yet, nothing, no production, only the ability to produce if they get a license. They have an order form but no product.
Where is the name of the new distributor.
sorry my cryptographer is over in the Ukraine for the moment trying to figure out what the Russkies are up to. Can you give me a hint?
not going to happen in Canada. Feds in Canada control the distro of medical pot ending this year and then companies in Canada have to apply to the feds to be a supplier. The land of red tape for this. I have a friend in BC who has medical mj and she cannot take it to Alberta as she can be charged if they wanted to get mean. You have to jump thru a ton of hoops to get approved in Canada. My buddy who cant trade this stock from Canada has been looking for a play there and there are none at the time as the feds run the show there.
Your monitor is upside down.
will do that when I get back have to run my granddaugher to school. Will do it later.
Bloom, got a message back form my call into the ASC about your law suit. They don't comment on complaints they get and I was told if the ocmplaint was launched as you said from disgruntled people they would not even comment a complaint would be received. They are not allowd to comment to public or to lawyers about information they have unless the lawyer is defending someone in a hearing and the compalint is part of evidence then it has to be given. Also told the ASC cannot be sued unless under very special terms it can be proven they were acting outside their rules for another reason so your lawsyuit if you even had a lawyer would not get off the ground. I passed your cooling off for 30 days comments to them and they said no such thing would have been said by them. They simply stand by their reasonings under Canadian law as to why they did whta they did and they are within their powers to do so. I asked them if anyone from AEGY had got in touch with them and they cannot comment. So i fyou peaid a lawyer 3 grand as you claimed you should hire a lawyer to sue the lawyer cause it smells like bs to my nose. You must have a legal document from your lawyer so post it and show us the lawyers name and office and your claims to be suing.
Being most active is a marketing tool for Ihub. The public are like sheep and go where the wolf drives them. There were message boards in the past with high fliers and the price fell constantly and the message postings began to dry up. You went from feeling special to feeling like a cheap date when you put out. Look at the message boards in this manner. They are a cheap form of prayer. You have a position you are losing on and wish to be right so badly you begin, along with many others to post only positives, claim MM's are holding the price back (of course they want to accumulate stupid! That is why they hold the price back on EVERY stock from the NYSE to the OTC that should be higher in the opinions of those who bought the stock. They are not going to make money if the price goes up silly!)or there are paid bashers (there are also paid pumpers but that point is forgotten when the wolf is nipping at your heels!) So you post and post and post and pray and pray the price goes up and you don't lose your shirt. If you are making money you post and post and post hoping the price inches up a bit more so you can sell and make your profit and move on. Of course some shorted and post and post hoping to influence the price so it goes down and you can cover. Profitable trading is boring. The excitement only really comes when you get lucky and hit a big winner by luck or you are in such dire straits your heart is pumping because the stress of losing is hard to bear.
I should post the best lessons of trading sometime from a master technical analyst I studied under for over a year. The guy was brilliant and I learned more from him than anyone I have read or heard talk since. He just made so much sense that on the surface he made no sense at all until you stepped back and looked at it then you finally got it.
sure, okay, will get right on that. Love the transperancy of the message boards. No one has a motive, we are a collective. Thanks for making that sacrifice for us all. Love the term as well..."slap the ask". I love jargon like this, it makes investing worthwhile. LOL
SLAP THAT ASK BRO!
SLAP THAT ASK WITH MEq!
WELL SLAP MY ASK IF THAT AIN'T A SLAP THE ASK ASK.
Jay look away form the inside ask. Look at higher ask prices and note how thickthe bands are at each different price level. If you see the ask price higher than the inisde beginning to show a collection of sellers at higher prices, and no similar banding showing on the outside bid, then the price will rise. If you see the outside bid prices gaining lower buyers and those bands begin to thicken, you will see downward price pressure. Looking away from the inside bid and ask is a good way to use Level II.
hey boombab what is the latest on the lawsuit against Alberta?
Shorting is healthy for the market. The percentage of shares compared to the float is small. The issue is naked shorting where the broker cannot locate shares to loan but do so anyway; and that is where the damage is done. They enforced the uptick rule which meant if you were going to short you only could short a rising market and did not allow shorting on the downtick. There are stocks which are hyped mercilessly, pumped, to levels they should not be at with the risk being some buyers are caught in the elevated move higher and when they sell, they lose their capital. It is just as bad for a stock to be beyond its realistic price as it is to be below. The DTC is not efficient in balancing end of day transactions which is why naked shorting has become an issue. Natural death of a species keeps the speciies in check; hunting to extinction is not good for the species. Only the fit should survive on a level playing field.
If you look at options, strike prices, derivatives, the vastness and sheer volume of different ways to make and lose money in the market is incredible. Just look at the ABCP scandal in which securities were being bought and sold by professionals who had no idea, none, zip,nada zilch, of what made up those securities and the risks they entailed. In comparison,legal shorting is not an issue.
If you are attempting to prevent your shares from being used short, you should check with your broker on your price. The way it used to work is if you were more than 10-15% away from the inside ask and there was little likelihood of your sell price being hit, your shares would be loaned out. If for whatever reason the price gapped up suddenly and your shares were out on loan they would then call the shares back, force the borrower to buy back and return the shares to the owner to sell. You might want to check your price to see if what you are doing is effective to prevent short sales.
Maze, if you have Level II do this. Check the ask levels outside of the inside ask- in other words check the levels above he current askand see if you begin to see sellers piling up at higher levels. Then do the same below the inside bid. If there is no building of levels below the bid then the concensus is the price is going to rise. Look for concensus away from the inside for clues to future price movement. In short, if the concensus is building higher that is not a wall but projected pricing.
Just place your order about 15% outside the inside ask and refresh it as the price rises.
Iwould not get excited about every little news release like this. There are a lot of products out there like this and they may be propietary but that is the extent of it.
Anyone can claim to have a drug that may help, quite different from it does work.
BOOMBABY I cant reply to private messages so posted it here to reply. In your private message to me you said this:
paid a bloody lawyer $3000 3weeks ago... ASC requested 30 day cool down to allow them to sort it out with registrant.... Lawyer indicated merger creation of new company will set us free... Also verified that with sibling who is CEO of a fortune 500 company... From his experience we should be in the clear very soon... ASC from my past dealings are the ones always with an agenda and from what they indicated this resulted from a complaint about Gelmons residency probably from a spurned former business partner... Get the impression Benz won't even address ASC and will let the merger clarify any discrepancies..
I am going to call them today and ask about the above. It will be interesting to see their reply.
Anybody can call them toll free and the number is 1-877-355-4488. Be curious to see what they are going to do about this halt as the price picks up steam.
notspamming but I know there are a ton of Canadians who cannot trade some of the pot stocks because of trading halts and they can only watch this one so maybe they might have a shot at trading a pot stock in their own country in the future. Probably going to take a lot of time to get it up and running so they are still months away from that company becoming traded up there.
okay I will admit that response left me speechless. Let me sum it up. Huh?
my Canadian buddy just sent me this.
CanShell Summary for March 7, 2014
2014-03-07 21:02 ET - Market Summary
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Stockwatch Business Reporter
The TSX Venture Exchange added 3.65 points to 1,043.01 Friday, ending the week up 17.64 points. Chuck Rifici's Tweed Inc., the qualifying transaction target of Larry Poirier's halted capital pool shell, LW Capital Inc. (LWI), says it does not have an exact date for listing on the Toronto Stock Exchange, but it expects to have details about the deal soon. In less than one month, on April 1, a new law will require Canadians with a doctor's note to buy their medical marijuana from a commercial supplier that is authorized by the Canadian government. So far, Health Canada has approved nine companies that have applied to grow and sell medical marijuana. Tweed, one of the nine, is the only one with plans of going public right away and has attracted plenty of interest from investors. It will be Canada's first publicly-traded pot shop.
You have to read the ASC pr. The 8K says they contacted the ASC to clear this mess up but the ASC says the company never contacted them and the docuements about the trading halt sent to AEGY came back as undeliverable. They used the address on the SEC 8K and OTC filing system to send it to them. The ASC also said the company did not return its phone calls to them and email came back as undeliverable. Since the ASC put that release out on February 28 the company has not said anything which might cause the SEC to take a look At worst it is only a bad mailing address and bad email they left on file with the SEC and OTC. At worst, I do not a any idea.
Interesting as my biuddy is in Ontario and cannot trade it and he also owns a stock the British Columbia securites regulator cease traded and he can't trade that either even though Ontario did not halt it. He was told the other regulators obey it. His brother bought AEGY and lives in Manitoba and cant sell it or buy it. Weird.
I hope so. My buddy will like that news but he did ask that last week and is still waiting for an answer from the ASC but they did say they would get back to him and last Friday still no answer. Probably a good question to ask them. I have the number here and people should call and ask that and maybe someone here can post the answer when they get it.
1-877-355-4488
The only thing the ASC order might do is get the SEC to take a closer look but I don't see anything from the company that sets off bells except for the pr they stuck out they got caught lying in. What I mean is because the SEC and the Canadian securities commission seem to talk the action in Canda might get the SEC to take a look but they won't comment unless they do something. The rest of the hype is here on the boards.
Wrong. Alberta issued it but the other provinces all obey it. I checked on that already with them.
that is a big move. I went to Montreal once oh man, probably about 40 years ago. Really liked it then and went to Quebec City to. That was cool. I only got to Boston once in my life back in 1976 and saw the big Fielder pops music show down by the harbor. Remember going to Harvard Square and the cool stores they had. Dont even know if thye are around anymore but would like to go back. I grew up in upstate New York.
Thanks for the replies guys. Helps to know who at least some of the sane ones are. Off to get some things done and see what tomorrow brings. The only think I know is it will but what they are is anyones guess.
I will ask him and let him know. Thanks. What part of Canada are you in. I went to university up there in Ontario for one year to play football before getting hurt and finishing up my school down here. Way back in the start of the 70's.
Emerald, actually useless info as he is wrong. Simple. Dont be fooled because the Canadian regulators have been clamping down and the SEC is listening to some of what theyhave to say. For AEGY the SEC might just say hey why is your address on file with us wrong and minor things and hav them correct it and move on. Fraud is too hard a word to use right now. No one has proof they did or did not. That is the job of the stock regulators. The Canadian regulatros shut down CNTO this year and still Canadians cant trade it but the SEC let it go back to trading and it fell from three bucks to two bits. How is that protecting the market? At least the Canadian regulators arent letting insiders profit from the pump and dump scheme but the SEC is.
Nothibng to argue about there for sure but you know what even brokers lie to each other. I have been doing this for many many many years and brokers dumping shares of a loser to survive is common. Just look at the dumping of real estate shares on the markets by companies lying to the buyers - human nature to want to survive and many are willing to sacrifice others to protect their profits instead of realsing they were wrong and learning from it and moving on. The stock market is the great deception. Message boards a hive of lies and deceit either for or against a stock. It is entertaining though. I love the crap with the smiley faces and dollars signs and bold caps and all the other means they use to appear smart and helpful.