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OWCP is going to change many lives!
Flippers and panic-sellers out. Shares now in better hands. Seriously, if you don't see dollars written all over this, well... I won't say it! lol
I agree $OWCP. I see dollars written all over it. I haven't seen a stock with shares so tightly locked up in a long time... and with HUGE upcoming catalysts, it's a winner! People should really DD it to understand where it's going.
Wow! I love the way this is moving today!
How ridiculous is it that UBQU's market cap is less than 1x revs? An MJ stock that is grossly undervalued!
UBQU market cap less than 1x revs. An MJ stock that is grossly undervalued!
UBQU market cap less than 1x revs. An MJ stock that is grossly undervalued!
It's been a long time since I've seen a stock with shares so tightly locked up and people wanting MORE. It's going to dollars for sure, especially with all the upcoming catalysts!
This stock is a tank. Even panic can't stop it! LOL
Old conversions that finished October 3.
Why? It didn't stop the sp from going past .20. lol. In other words, all those shares got easily absorbed and are already fixed into the share price. In case people haven't noticed, OWCP is much bigger than iHub! This dip won't last.
No, it wasn't. Two separate issues. They had notes on the books that had to finish converting... and they did by October 3rd. Once they had the Medmar funding in place, they announced there would be no further convertibles and canceled additional shares.
Not to mention they've already been absorbed.
At this rate, we're going to be at .004 even before the cc.
A little mojo coming in.
.03s thinning out nicely. People are gonna be kicking themselves when we're at a nickel VERY soon... on our way to silver. It's inevitable, folks, based on how undervalued we are!
Who is this ARXS anyway?
Looking great already. Can't wait for the cc.
Broncomya exiting. lol
According to this article, mj stocks trade at an average of 35x sales due to it being such a high growth sector. Last quarter sales were around a million (rounded) which would be $4 million annual if sales remain flat, but the company projects sales will triple in the coming year. Therefore, multiply $4 million x 35 to value us similarly to other mj stocks.
http://www.cannabisfn.com/cannabis-valuations-are-lofty-now-but-could-be-cheap-long-term/
Exactly. And at least they don't use death spiral financing, which is extremely rare on the OTC. They have been very conservative. It's not as if they've been selling hundreds of millions of shares at that price. Even with past dilution, the o/s is tiny compared to other stocks down here. Look at some of the MJ plays with ridiculous share structures that have run hard. At least we have revs and a better chance of not having to dilute compared to the rest. Fundamentally, we are more sound than the majority of stocks on the OTC, MJ or otherwise.
No way! That's a real low ball figure. This has got to reach fair value by then, especially with increasing sales and new products. I would expect over $1 by March.
Is it Monday yet?
Especially with more and more legalization occurring state by state. For those who understand what's happening and can differentiate real companies from shells and scams, this rush is going to change many people's lives!
It's going to be FUN! I wasn't around for the first green rush in 2014, but I was told stocks ran practically non-stop for months at a time... even shells. Imagine a stock like ours that's real and severely undervalued to begin with! This rush will be better because legalization will continue for awhile.
Oh, c'mon... the company has revenues that are growing, and it is also profitable... a lot different from many of the shells that suddenly decide they are an mj company with no products, no revs, and just a lot of forward looking plans that never materialize. lol.
Keep in mind that stocks in the MJ sector trade for 35x revenues on average due to it being very high growth. We are not even trading at 1x revs. lol. Do the words "grossly undervalued" mean anything to anyone?
http://www.cannabisfn.com/cannabis-valuations-are-lofty-now-but-could-be-cheap-long-term/
Exactly! People who think the share price is dependent on the settlement are mistaken. It will be icing though!
Thanks.
This company has one of the lowest market caps of all the MJ companies I looked at. That tells me we are not even on the radar yet. Hopefully, the name and ticker change will fix that. You make an excellent point though: It is INSANE that the market cap is lower than revenues! How can the share price go anywhere but up from here?! Let's also not forget to mention that the company also shows PROFITS! Show me another MJ stock that is showing profits and selling for less than .03 per share! I dare anyone! In fact, I double doggie dare!
You make a nice couple. lol. I hope she treats you well and that it turns into a fairy tale romance. Just so you know, she likes to run. She also likes to be held tightly.
I somehow missed the "rejoicing at every upward tick" part... lol.
"Keeping the reality on the board" wouldn't have anything to do with you wanting to create fear so you can buy shares back cheaper after you sell, would it? Don't worry... we can keep a secret. It won't go any further than the 177 of us!
People have various styles. Some will sell, some will hold and add on dips. In any case, those of us who are in at these levels can't go wrong. A retrace from .40 to .50 will still be much higher than here. lol. This stock has a tiny float, and if you've been paying attention to OWC*, any profit-taking is immediately met with buying so that flipping more than just a few shares at a time becomes impossible. Most people are afraid of risking their shares by flipping. That could very well become the scenario here too if our tiny float is held by mostly strong hands. Bottom line is people can't go wrong if they are buying shares of a company based on fundamentals, rather than hype. It may take a little while for people to grasp the difference between UBQU and some of the others that are running on hype. Much will depend on how well the company communicates with shareholders.
I hate to say it, but I feel the same way. lol. I'm hoping the timing of my stocks work out so that I can sell high there and buy low here. In any case, even current prices are low enough for me to want to add, which I will as I am able.
I agree that the sp should be closer to $1 right now. If the company succeeds at tripling its sales next year as they stated, it should be closer to $4 or $5 by this time next year.
Welcome, Cheds. Great entry!
Awesome close! Can't wait for the CC!
Nice close! We did it... closed over the 200 MA!