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if that's the case, im going away for an hour, and i will come back,
you guys keep this above 005 when i come, nothing less
Setting up nicely, and technically, we still dont know what the company does through an official pr, that is the best part
Go away for a few hours...Please...I need this to hit about 25 cents...lol
like i said, shares are tight in this range....was time to get out of the 3s....stayed there too long
shares are tight in this range, next leg up coming...
Nice Close...not the biggest green, but still green.
Would have like to hit the 0.004 today, guess we wait another day.
lets try to get out of the 3s and close in the 4s today
I will tell you why no financials, they didnt even have an OTC membership.
Now they say they do,
takes them a day or two to upload everything if its all done.
OTC verifies it and makes its current. My guess. By Monday we should be current, but as early as Thursday. This assuming that everything is done, now that I cant verify. Just have to wait and see. What a couple more days, been here for 4 months already.
Price has doubled, since you were last here, last week.
I call, 0.0078 in the next 7 days.
Go bogdanANT
NO not a lot left, I think when this hits the masses, people are going to pay through the rough for shares.
Nice,
This shouldn't take more than a couple of hours to upload all the data, if it is ready.
Then OTC reviews it, could have the current symbol on as early as a few days.
I am guessing they know what they are doing here in timing everything together or the timing in superb.
My intent was to lighten the mood around here.
Safe to say one pound is 15 ounces. 454/30. A fluid ounce is 28 (if ur measuring via english system), a solid ounce is 30g.
Still 58.1 million according to your post. Not to shabby,
After say a 25% pure cut after, taxes and expenses
0.025 Per operation X p/e value x # of operations
Things certainly looking on the upside
Pr Pr, come out wherever you R?
That almost like zero exposure. Good news for us. More eyes more money.
Here we go,
Lets get past the 3s today. Momentum is really picking up here.
BGT, Is Incc the first company on the market to be an actual growers?
Everyone else is either making candies, or vapor cigs, or bongs?
Do you know of any company in the MJ sector trading that actually owns the crop it grows or has a percentage in it?
Only reason I bring this up is because, if INCC are the only ones, then we cant compare our share prices to others. INCC may pass them as a grower very easily.
Yes sir. Hate that its friday though. Incc should trade after hours on sat and sund. Lol.
Gonna guess, some late afternoon buying. Close at 0.0035.
Gonna be an epic run...now I feel bad for complaining about the delays.
filling the gap?
Nice Volume today...impressive for the first 30mins.
I am sure 003s wont last long....surely next leg is up soon.
I cant see why not, look at mjna, they have 2m in revenues per quarter and they trade at 20 cents, with same shares structure. We will be getting that out of each 5000Sq facility per quarter. 2 Facilities we double the quarterlies. Its very achievable, just need production to start, so sales numbers can be recorded. If all that is being said on this board is right, we should pass mjna on revenue, and we should have a great share price.
Lets see it all happen.
Nice close today.
Let's see if we can hit a 003 close
With news and updates, more slappage...
It is coming...
Cost is 8500 plus 500 fee..if he got the full package. Peanuts when you look at what they can be making soon.
Nice close today.
In the big green tractor, I believe.
Show me the light.
I nominate you to be a mod, you have done a fantastic job keeping us upto date.
Big green tractor for mod,
Who is with me?
Agreed, but it does look appetizing
Don't make fun man, I'm slowly accumulating this...lol
Nice,
These facilities growing 19200lb pounds a year, will bring us a lot more than pennies i think. Just my opinion.
I guess of September safe to say we will be in business. Which is what he stated earlier, launch by end of q3.
I am just wondering how many facilities we can get going. Each one is a cash cow.
Anyone have an idea what the p/e value for MJ companies is?
This is an interesting read....
http://www.theweedblog.com/how-much-will-legal-marijuana-really-cost-in-seattle/
... Two-Thirds Of Californians Say Legalize Marijuana How To Make Marijuana Popcorn
.How Much Will Legal Marijuana Really Cost In Seattle?
Posted by Russ Belville at 9:08 AM on October 20, 2013 Marijuana Business News.Oct 202013. October 20, 2013
Now that marijuana has become legal in Washington and Colorado, reformers are drawing battle lines over its taxation. Anti-tax libertarians and medical marijuana industry opponents of Washington’s I-502 are now raising fears about $17 to $25 gram after-tax prices and the destruction of the medical marijuana industry. Sadly, they are using the same sort of scaremongering tactics opponents of marijuana legalization use to maintain prohibition in other states.
Jacob Sullum, a writer for the libertarian Reason.com published an article this week in Forbes entitled “High Marijuana Taxes Could Derail Legalization Plans“. In it he describes an analysis by BOTEC, the consulting firm handling Washington’s legalization rollout, which explains, “based on a production cost of $2 per gram… the after-tax retail price will be $17 per gram, or $482 per ounce. Another projection, based on a production cost of $3 per gram, puts the retail price at $25.50 per gram, or $723 per ounce.”
In addition to the $2/gram production cost and 25% excise tax at the producer, processor, and retailer level, BOTEC assumed a 100% double-your-money markup at each level, too. Sullum’s mistake, and those who’ve latched on to the $17/gram figure to frighten consumers, is failing to read the report’s explanation of that 100% markup figure.
“A review of retail markups across 53 sectors find an enormous range of average markups, from 14% for gas stations with convenience stores to 139% for optical goods (e.g., glasses),” writes BOTEC. “[I]f we replace the arbitrary assumptions of 100% markups with the processor markups typical of a dairy (34%) and retail markup typical of beer, wine and liquor stores (31%), then the numbers would look very different. The projected retail price would then be less than half as high ($7.46 vs. $16.99)…”
And what’s this $2/gram production cost, anyway? Really, it costs over $900 to produce a pound of marijuana? We consulted this RAND analysis from 2010 that analyzed figures from illegal grows. They found “a well-run 5' x 5' hydroponic grow producing 4 harvests per year might yield 10.5 pounds per year with tangible costs of $225 per pound.” Jorge Cervantes’ Dutch case study revealed a long-term cost of $238 per pound.
So it appears the cost of growing marijuana – even under the restrictions of prohibition, unable to grow at large, industrial scale and required to take precautions to hide the activity – turns out to be somewhere around 52¢ per gram. Plug that 52¢ into BOTEC’s inflated 100% markup scheme and you get weed at $4.42 / gram. Bring your markups into the 33% real-world range and you get weed down to $1.95 / gram. (Do it yourself – online spreadsheet available at http://rad-r.us/botec.)
Now, we don’t think (in the short term) we’re going to see retail $2 grams. Legal growers will face regulatory, security, licensing, and employee costs a typical 5' x 5' grow doesn’t incur. But even if weed costs $1.32 per gram to grow (Colorado State University’s estimate for Amendment 64), at 100% markups the post-tax cost is still just $11.21/gram. Since the market will bear people paying $7-$15 a gram, that’s where it will be priced. No tokers in the Pacific Northwest are going to spend over $300 on an ounce of cannabis. Growers, processors, and retailers who want their business will be forced to reduce production costs and markups.
But the $17/gram exaggeration won’t die because it fans the flames of hatred some in the medical marijuana industry had for I-502 all along. Sullum explains that the untaxed, unregulated medical marijuana dispensaries in Seattle charge $250 per ounce. Already the Seattle City Council has called for merging the recreational and medical markets. This is the “I told you so” moment for the No on I-502 crowd who claimed all along that legalization would harm medical marijuana patients, blaming the regulation of recreational marijuana rather than the lack of regulation for medical marijuana.
The real fear for medical marijuana dispensaries in Seattle is that taxed recreational marijuana may come in at a reasonable price. Then many patients decide the annual medical permission slip they buy so they can shop for untaxed medical marijuana isn’t worth it. Then there are fewer registered patients, meaning fewer people to fill in those untaxed 10-patient 45-plant collective grows that feed the unregulated medical dispensaries.
Sullum’s title warns high taxes would “derail legalization plans”. In another article, he worries that Colorado’s marijuana taxation would “preserve the black market”. Yet nothing about taxing of marijuana is going to repeal Initiative 502 or Amendment 64. If the taxes are too high, those states may not realize the tax revenue they hoped for and the black market might continue unabated. So then states will be forced to lower those high taxes to capture more market share, just as the cannabis market will have to adjust if their markups are too high. These tax rates aren’t commandments; they can be changed. If they are as odious as predicted, the support for lowering the taxes will be substantial. The black market isn’t the boogeyman; it’s the leverage that forces legal marijuana prices lower.
It’s strange that the people who usually preach about the corrective power of free markets are making an exception for legalized marijuana.
Probably just annual reports and then the quarterlies this year.
Yes filling all the gaps..crossing the t's and dotting the i's.
Incc coming current soon. I think we should be ready to go as the mj stocks come in to play again later this year.
Very good update. Thanks for all your hard work and efforts.
Much appreciated.
Joking around man. We are all in here to make money.
Back to your posts. Not sure about august first. It can be as early as tomorrow or end of August. Very hard to predict this company but atleast communication is there.
Im guessing the website will not be done by the end of this month either.
As long as the price holds at 002 level im ok to wait it out another month. Then re evaluate my position
Dude chill. Stop predicting. If you dont like timelines then just sell and move on. Lol.
Wow. I need to put a sock in it. I had respect for your posts before. But I will keep my frustrations inside. That was not cool. We are all here to make money. Didnt think we were gonna start insulting people.
I know but there is no time line to follow in our situation. July 31st is if your already current and want to remain current.
We havent been current for a while, so this can take as long as it needs to. Once we become current, we can follow the 35 day rule for quarterlies. Thats why we cant be current by next friday, as you posted.
I just dont want anyone to think if we can make the Q2 deadline we are good.
Yes he did say we will be current on share reduction. WE have heard of either. In any case, as long as the company keeps working. Todays posts were encouraging. The numbers look good. Just need to get there.