Going Green
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Yeah, if the last two days are any indication: "amateur hour" is about the best way to describe it; that seems to be when we dip!
Aye, yesterday's close said it all. It would take an awful lot to pull this back to sub .004s, imho... Still some ballsy shorts satisfying some of the bids though, I think... Otherwise there's a lot of hesitation pre .0055.
These are my thoughts, anyway! My targets at .0125 and .05, then we'll see what happens...
Grabbed a few .0047s. I'm thinking we'll see another rush of trades past 10am, like the last couple of days... Morning dips and afternoon RIPS seem to be the trend.
GLTA
Good morning, folks! Cheers to a good day. Enjoy:)
Aye! Maybe tomorrow we'll have a similar trend....Early morning dips and a strong finish....UNLESS....catalyst!? Either way it's impending. This company should be worth a nickel.
Agreed! Adjust the limit on your two-million order ;) haha
Interesting bit of sudden movement there! Very few available in the half-penny range as well!
I would love to see that get modified and clean out the ask. Another 90mil day must be impending, with more news expected! And not many shares floating around, either!
Yeah I noticed that. Definitely explains the rush of .0040s that got dumped when we looked so thin to .0052 and beyond!
Looking forward to seeing what happens tomorrow. A news release would drive this crazy...
Could we see a nickel or dime before the summer's through?
Thanks, by the way, Smitter, for your thoughts (re: Friday's close), and for the super (stickied) DD appended to the message board. Very nice to see the number of restricted shares being held here, too!
Good luck, everyone!
Thanks for your thoughts, Smitter. I've been following around here for a while, and was trading this today. Do you foresee us churning around the .003s-.004s until the next catalyst (mid July, I believe was quoted for more news)?
GLTA
$GEQU
No volume makes this look a little grim; it is in serious need of news, that's for sure...
What's the EOD prediction for this guy?
Thanks for the welcome, but I'm afraid that I can't join the party: Royal Bank of Canada says that I can't trade this because I'm Canadian ;)... Does anyone else have information on this? I've never had an issue with trading OTC through Royal Bank... I'm very interested in buying PMCB. Is there somewhere else I can move my money so that I can trade this thing?
Any Canadians having trouble trading this thing? My orders don't seem to fill, regardless of my limit price: it seems incongruous with what I'm seeing on Level 2. I'm with RBC, by the way, and haven't had problems with OTC before.
Ask must be pretty thin: my order has yet to go through. Looks like a nice little gem here, with a very solid management team. Technology looks very promising. Plenty of media buzz concerning CBD and cancer, and the DEA approval is exceptional (and rather uncharacteristic, I would assume).
How's everyone this afternoon? It looks like I'll be here a while.
GLTA.
GK
I agree with the above: being bought out by TWD, BED, etc, would be pretty cool....a fast-track into the market...
But, I don't think 'scam' and AMMCAN really fit in the same sentence. These folks are inspired by personal reasons to jump into this industry. While the corporate world doesn't often mesh with the 'compassion' MMJ users are seeking, there certainly exists a profound chemistry with this group: you've got a mix of those who are very intimately involved with the MMJ community, and, hopefully, the business plan and corporate structure that will propagate the Supreme dream!...
Even I'm capable of thinking up much more sophisticated 'scams' than the one you've described...
Unlikely.
Load and hold, folks. See you in a year or five! The dream remains the same! I'm holding the bag, sure, but for something I believe in, and something that I'm very happy to be apart of. Gains will come, eventually, although our timing may have been a little off.
See you all at the open house:)
I feel bad for the guy...Everything he seems to have been in on has been a real tragedy (SL included, although I know it will be an excellent company one day...)
Thanks for your reply, Brent,
I completely agree: very thin profit margins. The customer base isn't there. The outcome of the Allard trial will be interesting...But I totally agree that the holders here are holding out for recreational MJ. I think that is on the horizon, though, with the incredible media publicity on MJ, effective regulation in the States, etc.
I do like Bedrocan, but I'm not sure that I'd call them the flagship: I know that TWD is holding a pretty tight minority of the 13K+ patients, as you've said. Perhaps a Bedrocan valuation is a bit too optimistic for SL, at least on the licensing. Furthermore, they'll have to get a license to sell... So that will be yet another hiccup in the process...
But I can't foresee the market being 'flooded' with LPs overnight, given the current pace of HC, unless the Allard trial really gyrates things...
I hope you're incorrect about the move to rec MJ... I was unduly surprised by the Alberta verdict on the premier... Perhaps the most conservative of provinces voting in NDP? It's uncanny! There are plenty of Harper haters...So perhaps shortly after October we'll have some serious changes in that department. I suspect that the Conservatives are wising up to the weed game as well: alongside the oil conundrum, I think MJ is a pretty key component in the election; they would be wise to warm up to it. From some of the more recent articles I've read, I believe they're realizing that they CAN do that, at least to a degree, while maintaining their strict vigilantism...
But in doing that, they've really F#$KED things up with the MMPR / MMAR thing.... Are pharmaceutical-grade facilities necessary to produce pharmaceutical-grade MJ? Probably not.
I like what you're saying about exportation; after all, that IS one of their goals: to become a leading local & international supplier.
Anyway, I'm used to holding the bag on things like this, unfortunately! Ha ha! So I'll be around these parts for a while. The whole sector will get a boost eventually, and things will be re-hyped like they were in the beginning --- but who knows how long that will take? Buy on fear & sell on greed, I guess!
While you were on the ledge, did you happen to see Bgrass? Haven't heard from that fellow in a while ;)
Hopefully soon -- but the customer base isn't there yet. If we're at just over 13,000 in the MMPR, with another 50,000 riding on the old system (and rightfully so), then an MMPR license isn't all that terrific anymore. (Just my opinion). Since we're not back in the early hype days of the business. The license will certainly make them jump, I think. Brent suggested .30-40/share on license -- but I'd think we'd end up getting closer to a Bedrocan valuation, to be honest with you, at closer to .70...
In all honesty, I suspect major changes this year, given the Gov's position on this thing. The Conservatives cannot continue to be dyed-in-the-wool prohibitionists, especially when western provinces are contending against the GOV's policy. Also, we now have our first NDP Premier in Alberta since 44 years ago (or something close to that?) ?? That's an eye-opener right there. With the advent of bill C-51, Canadians are losing freedoms by the minute, eeking ever close to revoking the right to protest (if we're not there already). People aren't happy.
The weed thing falls along the same trajectory: we'll be thrown into a legal market sooner than later. October and beyond, irrespective of the election outcome (Conservative or Liberal minority), this thing needs to open up. The real gains will come when these guys are supplying thousands of dispensaries across the country, and that's what I'm holding out for! The MMPR is but a blip -- and a prime example of a f$cked up one foot in / one foot out way to regulate one of the most benign --yet powerfully palliative-- plants in the world. Hold out for the rec market if you want to retire early...
EDIT : Sorry I meant to include that TWEED has over 3,000 of those 13,000+ patients --- so that, again, just goes to show that the customer base SUCKS with the MMAR conundrum. Even with a license to grow and sell, SL won't be able to scoop up a fraction of those patients. Doesn't matter where the license ends up in the interim, except to uninformed investors. Because of that, it'll still spike high enough on MMPR for you to break even.
Hey TFN:
Good to see that you're still here :). I agree with your sentiments, as usual! It's a shame that we haven't seen the mega returns we've been looking for, but we can, I think, take solace in some of Canada's shifting polity... The government's breaking apart on the MMJ end, with the dispensaries being controlled/regulated in BC, a new NDP premier in Alberta, and a forthcoming federal election (Oct.).
This project is WAY too huge for it to be dumped. I don't think Stadnyk was a good front man for this show anyway. His talk at last year's Conference revealed his MJ know-how: it's better that Fowler & Herberger run the show, methinks. HC will get them licensed, and soon enough there will be more 'patients', as long as the Allard trial falls our way.
However, dispensaries, I think, are a fundamental piece of the puzzle, too. You need those Mom & Pop shops that are able to provide the customer care that folks need -- but the BEST dispensaries will want to hang onto a variety of product. People love the community feel of a dispensary, and while the LPs are integrating terrific customer care programs, there's still the inevitable distancing that happens with mail-order MJ...
Like my earliest posts on this board suggest: the LPs will become our mega suppliers that stock these places, and the dispensaries can purchase kilos, add a mark-up, and sell to 'patients' / rec-users, whatever. Everyone will get a slice of the pie, I think.
People who need to eat a 14gram cookie before bedtime will, undoubtedly, always remain an exception. No wonder why these folks would like to grow their own medicine; it makes perfect sense. They, I believe, will need to fall into a special category. Just like in Washington state, we'll see a drop in medical users when they break into a legal market; the REAL medical users (using ounces per day to mitigate pain) will need to be reclassified, and in collaboration with their medical professionals!
Otherwise, I don't think HC will want to contend against the hundreds of companies that will be ready to litigate, assuming this all goes South! Lots of big money moved up here for this thing, and this is only the beginning.
I agree with your thoughts: the chips are down, so we've gotta see the river!
Just my .02 anyway! I've been lurking, reading, and thinking a lot about where we're headed from here. I'm looking for exponential gains over the next five to ten years, though, so I'll be around :) I might be a little more happy-go-lucky, even as a bag-holder through and through...Lol.
Good luck, everyone!
Seriously! LOL. Surfkast, you've dedicated much of your time to telling us how big of a POS this company is... So I'm especially interested in your more recent sentiments, Surfkast :). Been holding for a long time, since the last large run to over .006!
Thanks for your insight.
GK
I've been lurking around here for a while, and I'm very surprised to hear you say that! What's the deal?
Figured there ought to be an LDS message board, as there was not an active Kariana Resources board either =D
Likewise. I've got 50s and 40s and now I'm waiting for 18s! ;)
Looking at the inevitability of law reform (discounting all this MMAR vs MMPR bullshit), these companies will be the largest suppliers in the game. It's all a matter of keeping their heads above water in the process of cutting through all the red tape. As long as we can sustain ourselves in the interim, with all the cash being burned in the process of being open without producing/selling, then we'll be OK. I just don't want to see more and more shares being printed and sold off at lower premiums to the big fellas just so that the company can keep above water. THAT would be at the fault of HC and the bloody Canadian Gov... And not to mention, it burns the little guys who have been here since over a year ago.
However, even the Conservatives are beginning to warm up to MJ, although it is not in their primary agenda (as it isn't exactly congruous with Mr. Harper's dream of a Canadian military state). Unfortunately, as has been stated, the Liberals do not have a good reputation up around these parts, and that has been their own doing... So we'll have to see what happens.
The law reform, though, is inevitable, and the profits from our American brothers to the South are being realized...
Well said, sir. It's still early yet, I think!...
Join the faith train, brother! It'll work out. Don't mind daily blips and make sure you can afford to hold...
DISASTER!!! ;)
Long and strong, iHub!!!
Play the trends, smart guy.
Nice to see some positive movement post-Bedrocan approval and a strong quarter for TWD. My household is locked and loaded on BED, TWD, and SL, so we're ready to rock... Admittedly, though, I was hoping to get some more SL either tomorrow or early next week, so I wouldn't be upset if we keep around these levels for a little bit --- we all know where these guys are going! It's not too often you get an opportunity like this. I'm just glad I went to Greenrush with SOME prior knowledge on these guys and avoided some of the many companies that have been green 'flushed'; however, I hope for a pleasant and profitable year for all!
Very funny to see Parry's reaction to the TWD reps who are criticizing his earlier accusations. Nice enough guy, but I think the Q4 on TWD made him choke on his words a bit, and it's certainly a good representation of where SL can be in the not-so-distant future once this MMAR conundrum gets solved.
Not to deviate from SL, though... I found this bit from a local on Stockhouse. Not that I'd gamble on it, or anything like that, but it gets me thinking, nonetheless!:
Supreme Today
There are two places trying to open up near SL, one in Owen Sound and one down the street from SL.
Maybe HC was finaly up in the area checking out the sites. They are both looking for the okay to buiild.
Word on the street around here is something is up but I haven't been able to find out what yet.
There was a hole lot of cars around SL today on the way home. Usually there is only a few but today the parking lot was full.
Read more at http://www.stockhouse.com/companies/bullboard/c.sl/supreme-pharmaceuticals-inc#la1cu2Ld7ysDeGis.99
Ahh same old shit on here, I see. Average down, close your eyes, and wait two years... That's the answer here, methinks. I can see us cutting around this MMPR bullshit, especially considering the more we're seeing our brothers to the south beginning to legalize in certain states... The benignity of the plant as well as the supreme profits have been realized. Maybe we'll skirt around the MMPR after stagnating for so long, and will open up into a legal market before you know it. Then the largest companies with the lowest production costs will be sitting pretty.
....There's so many things wrong with your posts that I won't even begin to comment... You clearly lack significant knowledge on both the greenhouse space and, more importantly, the cannabis space. Neglecting, for instance, the rigidity of the cannabis plant, and the sole function of the greenhouse in harsh weather conditions are some of your primary ignorances...
I learned from video-games in my childhood that we can grow plants in the winter thanks to a greenhouse.... You, sir, are autist-to-the-max. God bless.
Agreed... Nice article posted by Wiseguy on the HC situation. The government is messing things up here... I would be surprised to see many sell below the .25 mark, though...Even with short-term opportunities. This sector needs to heat up, and HC needs to pull their heads out of their arses and get going on this. However, with that said, there's likely not a great need for more LPs since I've been hearing the supply is now outweighing demand; I guess as a result of the court injunction partly, and not enough patients in the MMPR program either...
They need to bloody well legalize it, cut all the red tape, and let the producers flood in...Then we'll have a whole new selection of retailers purchasing from companies like Supreme...
I'm staying tuned to load up on some low .20s just in case...
And with that said, hopefully we see some change with the federal election...
Excellent post. And a very applicable analogy for the pink sheets. Thanks for posting.
Hmmmm nevermind then, making this post seems to have retriggered all the madness and heresy that is iHub ;) cheers!
Are we dead here? I can't seem to see any new messages around these parts ;S could be a forum technical issue? I don't know. Thanks and best wishes for 2015 everyone!...
A Sticky-worthy report for sure...Thanks for sharing, Silly. Holding on tight over here....Hopefully time to buy more :)
Long and strong, my friend! I haven't unloaded any. Wish I would've been flipping some around the .50 mark...could've had some cheaper shares...But I wasn't ballsy enough. We're getting too close to that critical time!
Best wishes and happy holidays, folks!
GK