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I'm on your side, I agree with you.
Who you posted is a result of "full steam ahead." I pointed out the uncertainty of federal acceptance and/or reclassification) of MJ in the U.S. Once that happens, the floodgates will open on the entire sector.
And that includes GRNH, which is positioning itself nicely in the industry.
With a couple of exceptions, the entire MJ sector is a crap shoot and completely illogical. Companies like PHOT can file a 10K, as they did yesterday, with 65% decline in revenue and mentions of more dilutive stock, and being sued by a few companies (and anticipating more), and STILL trade in the green during the day, but only be down 5% at the end of the day. Technicals right now in the MJ sector are just a suggestion.
There are facts that can back up almost any MJ stock. With GRNH, they have revenue coming in, as seen with Friday's news. GRNH was up 12-15% at the beginning of the day, but ended up only up 3%but was green in the end, despite a pretty much lousy market overall. Three percent is small, but good when everybody else in the sector was down.
The market is overbought and overdue for a correction. MJ rescheduling in limbo, the current political climate and uncertainty hurts everybody -- hence the only 3% jump yesterday. Haas needs to get financials out soon, I hope the news on Friday is going to lead to financials coming out soon.
Good analysis.
It is an interesting device, I hope in v2 they shorten the time to analyze. Right now, per the video on their website, it takes three minutes to run an analysis. IMO, that's unacceptable in today's world.
GRNH was up despite the sector and market overall being in the red.
That and 300% higher than average volume are called strength.
GRNH finished in the green today. Unlike the rest of the MJ sector and the DJIA overall.
GRNH $7,400,000 deal announced today, and the CEO has already said he received the check.
No doubt $7,400,000 GNRH deal is a win for CEO James Haas.
GRNH $7,400,000 deal today
PROVE how that will fall.
GRNH $7,400,000 deal announced today with CEO announcing today he has a check already.
$7,400,000 deal with a check already signed.
No doubt $7,400,000 deal with cash already in hand is good.
Prove it.
1 great deal
very good news
makes GRNH look good
another deal done
now we sit back and enjoy today
James' "incompetency" landed him a $7,400,000 deal, with initial down payment already in the bank.
Thanks for the reply.
I agree there is question as to whether how much and what kind of debt Phoenix got.
Given the way the PRs and 8Ks were authored and their timing, I do not discount the possibility of Yazbeck doing creative maneuvering to get Q4 '16 and Q1 '17 released concurrently.
But the optics of a delayed release is very poor, at best.
The subject of which debt was settled is at the heart. The 8K is very specific in saying it got rid of that specific toxic debt. The company could very well be completely toxic debt-free, but it's not 100% clear. Again, it just said "key liabilities," not all.
Omitted from that post quote was how I said I agree that being in debt is not bad and to be expected. If there is proof the company is completely debt-free, I would love to see that information. But I don't think we're going to see such info until the 10K is released. Further, I do not think (nor do I expect) the Q1 '17 10Q to say the company is debt-free.
This run, IMO, has been all about carefully-worded PRs that make investors think the company is debt-free. It sure isn't by the financials, because the last one that came out, Q3 '16 showed a revenue decline of 41%.
I wouldn't be here in the first place if I was not interested in the product. The smarmy feel of the PRs and other DD (you can look it up in my post history) keep me from buying. I come back here to seek a reason, or at the very least a lead to a reason, to get in. I'm not buying mentally or monetarily, this at this very second.
It also shows James is determined to be transparent about things, a very good sign.
I completely agree with you that companies have debt, that is to be expected. In fact, it SHOULD be in debt because that's the only way they're going to pay bills such as R&D (most important to me) and promotion of the product at this stage.
I have a problem with a company's integrity when they author such PRs giving the impression they are completely debt-free. That's the first red flag to me of a possible P&D.
The "cleverly worded" point is what I have been saying all long, and I think a lot of buyers have the false impression they are completely debt-free.
However, it's also going to show debt. We know it's all paid off now,
All the more reason to be suspicious. An earlier post mentioned financials were being prepared in February.
Again, it could all be perfectly normal. However the optics are bad, especially for a nano-cap stock in the highly, highly volatile MJ sector.
But we're talking about the period ending December 31, 2016. The settlement was done in March 2017.
There is a possibility that things are complex even without the settlement factored in, but consider the hype the company generated. And then to file an extension, which carries the perception of delaying bad news.
Then why the delay to report such good news?
I have been interested in this stock, but not fully convinced about the product or the message behind the 8Ks earlier this month, so I did not buy. I wanted to wait for the financials.
Have to agree, this is not good.
And I will give complete credit where credit is due to you YoTRacer, you have been pro MYDX, and you have the objectivity to admit when something probably doesn't look good. Kudos.
It's not good news. Period.
The only indication about financials has been very positive with the contracts GRNH and business coming in.
When the CEO swallows his ego and openly admits he can't handle the workload with all those contracts and needs to hire a financial guy, that says something.
The answer to you're question is no.
The last time the same kind of wondering happened, GRNH increased its share price with three consecutive days in the green.
4,490,000 shares sold AH, as told by nasdaq.com.
Call it whatever you want, but don't call it dilution. Nope, not at all.
Other than yesterday's price being 132% higher than what it is now....yeah, trading today a lot like yesterday.
Missing between the decimal point and two is an additional zero.
Because this jump has been all about well-written 8Ks, and not revenue increases.
Which means a lot of selling today.
GRNH more than quadrupled in Spring 2016, an easy check of the chart shows that.
Strange, GRNH CEO has stated on the record he's actively hiring people to keep up with all the business demand.
Hmmmmmm, several multi-million dollar deals have been announced in the past 12 months. Those deals are conveniently available through Google.
Hmmmmm, Google search results fail to show any evidence of dilution. But the search results do show several deals with millions for GRNH.
The significant interest in this board and many other investments, press releases and ZERO DILUTION shows there is very high interest in GRNH.
Intelligent investors use Google to seek out information about the company, such as GRNH's increased business.
Intelligent investors also read things about the GRNH CEO going on the record to admit there is too much business for him to handle and he needs to hire more people.