All of this is expected. If the company is strong, these drops don't matter. As long as they keep churning out deals...the revs will follow.

This stock is very volatile, especially on the "Grey". There's no bid, no ask. If someone wants to sell, they have to put their sell price below the last price thus dropping the stock.

Just set your sell price high to balance out the iffy Grey market...next tick could be your sell price.

I'll be joining the conference call tomorrow :)


Conference Call Details

Date: Wednesday, July 17, 2019

Time: 10:00 AM EST

Canada/USA Toll Free: 1-800-319-4610

International Toll: +1-604-638-5340

Callers should dial in 5 – 10 min prior to the scheduled start time and simply ask to join the Martello call.

If a filing doesn't exist, it didn't happen. That's considered a "material event".

Good stuff.

The more deals the more revenue and profits. They are slowly adding companies...companies with thousands of customers.

Hopefully someday they can reach 1 million customers across all the companies they have deals with.

Are those revs for the quarter, or for the year?

More promoted fluff.

Jimmy needs to quit wasting money (or possibly shares) paying for these fluff PR's and put that money towards closing deals that were supposed to be closed awhile ago.

Maybe all those shares that were dumped over the past few days was a part of compensation for these promoted posts?

Huge...because they are also the SPONSOR of the event.

They're buying for $1 (cost of goods) and selling for $1.01 (revenues)

LOL

Annual out!!

https://backend.otcmarkets.com/otcapi/company/financial-report/225365/content

I don't know why or how, but I realize that if there's volume here or no volume, DRKOF moves according to its Canadian ticker.

A flip might work...but I don't think it will be a day trade.

You know the saying..."an investment is a day trade gone wrong". Lol

Unless they go the MCOA route.

I wonder if Bruce will be on the conference call?

Filing will come out after hours. Bad news drops this to the 20's tomorrow.

Wow! How do you find this stuff!

They have a crooked auditor on their team. Probably why the audits aren't getting done...dude doesn't know what the hell he's doing.

Lol. I know. Just waiting for the week to begin.

They go Nasdaq, I think the ticker will be the same as the Canadian ticker (MTLO)

There's always a space (or market) for the unknown.

https://www.cnbc.com/2018/11/11/sap-is-buying-qualtrics-sources-say.html

An article I read on Yahoo a few weeks ago...

https://finance.yahoo.com/news/high-multiple-canopy-growth-stock-172007117.html

"...trades at more than 80 times its sales"

Unfortunately the article was posted just a day before Bruce was let go.

Martello is still in growth stage. No one really knew of Martello until Bruce wore the shirt.

Martello is in the industry of "Software - Infrastructure"; and the sector of "Technology".

The technology sector ranked 2nd as the best place to invest in 2018. And with Martello essentially being introduced to the world, they should be able to get some of the world's market share.

Technology is a billion dollar business and I'm thinking surely Martello can be worth $1 billion. A market cap of $1 billion gives Martello a pps of $5.

The biggest technology company out there is Microsoft; they have a market cap of $1 TRILLION.

I like to dream big...if Microsoft decided to buy Martello for just 1% of their market cap, that's a $10 billion acquisition. That's a pps of $50...don't wake me...lol

https://finance.yahoo.com/news/best-sectors-invest-2018-185828365.html

"Did the firing of Bruce signal the end to hype pricing
and return to good old earnings pricing ?"

Good question. Good point.

If the Constellation brass didn't intend for such a scenario, they may have well just caused it. And that would suck for the whole sector.

Canopy is trading at an 80 multiple.

Has there ever been a person that's taken two companies public on two different US exchanges; not to mention two Canadian companies. Canopy is on the NYSE, and if Martello gets to the Nasdaq, that would be a huge accomplishment for Bruce.

That would also be a huge win for shareholders because in order to list on the Nasdaq the minimum bid price has to be $4. So if Nasdaq is in Bruce's site, he obviously believes the stock price will be at least $4 in the future.

Which brings me to OTC ticker DRKOF. DRKOF would have to be the ticker that gets converted into a new Nasdaq ticker because DRKOF is the US representative ticker. It would either be a new ticker with the same CUSIP number as DRKOF, or a new ticker and new CUSIP number. But either way, a Nasdaq listing has to go through, thus eliminate the DRKOF ticker. All the more reasons why they need to get their OTC status straightened out. They might even use the upcoming annual statement as a regulatory filing requirement to get the ball rolling. We'll see.

GL

Quick note: Canopy's OTC Pink ticker was TWMJF before converting to CGC for the NYSE.

All my opinion...

Wednesday's annual report gets DRKOF to at least .75, if we don't hit that number before then. Then I'll say before the Q1 comes out in mid August, DRKOF gets its OTC status straightened out adding more intrigue, eyes and value to Martello from US investors who are currently hesitant to invest in a "grey" listed ticker...(hence the low volume).

Also before mid August, I suspect a clientele deal or two to get done, and maybe another acquisition, adding more value to the pps.

Then comes mid August, which Martello will release its 1st quarter numbers. That then leaves them with September and October to continue to add to their client base right before the Q2 numbers are released mid November.

If they CEO says his company is undervalued, I believe him...he sees the numbers firsthand.

At the moment, while Martello is just now being exposed, I'm kind of glad this is trading on the grey market, because only the brave will buy from the grey. Hopefully by the time DRKOF is QB or QX, the grey market will have yielded DRKOF a pps of well over a dollar. Then once a more comfortable crowd jumps in due to the OTC status update (and perhaps a ticker change), it's off to the races...but we will have the usual pull backs from profit takers.

So to reiterate...

Annual numbers on Wednesday, July 17th

Q1 numbers mid August

Q2 numbers mid November

In between those releases, there will be an OTC status update, along with deals and/or acquisitions, thus making Martello and its pps more valuable.

All just my opinion :)

:)

CEO knows best? Proctor feels company is undervalued.

-Q4/annual report on Wednesday the 17th

-1st quarter report due August 14th - 19th

-Deals being made

-Acquisitions being considered

I'm calling $5 per share by end of 2019 and a Nasdaq or NYSE listing in 2020.

Are the quarterly/annual filings for Canadian only listed stocks the same as in the US?

45/90 days for smaller companies?

35/60 days for bigger companies?

If you have money to invest, therefore not in need of it for awhile, this is the place to park it. Martello is maturing and will be a multi-billion dollar company long term.

Same thing I was thinking...maybe they are not waiting for K&J.

I wonder how much more they have to pay BZRTH?

If you take the volume for the past 3 days and multiply that by the average 3 day stock price, that's less than $500,000. That tells me that it's the company selling shares. OTC should update OS by the end of the month (unless a new filing comes out before then with an updated OS). Right now there are 692 mil outstanding (per S1). Next update, OS will be higher.

You said, everyone will be dying to get out of their position, but if STZ is outright buying the company, wouldn't that benefit Canopy shareholders?

Also, if you wont ever buy this stock again, wouldn't you be enticed to buy at $20?

So if STZ "buys" Canopy for "under $20", wouldn't Canopy's stock price shoot up on the deal? And what would such deal do for ACRGF shares with a trigger price of .5818?

STZ buys the rest of Canopy for $29 billion**, Canopy's stock price at that time rises 5x, while ACRGF essentially rises 10x? Sounds good, but I wouldn't be surprised if the trigger is never pulled on Acreage, only costing Canopy/STZ a $300 mil loss.



**17% of company cost STZ $5 bil, so 100% will cost $29 bil

I wonder how all those shareholders at STZ feel now...if they thought Canopy's last Q was bad, they're probably wetting their Depends right now.

FYI

For anyone trying to buy DRKOF, since this is "grey", you'll have to buy at or higher than the "last" price. There is no bid/ask.

Hoping for a Good Friday!

Sometime in 2021. Everyone should just get in the mindset of this not making a run anytime soon.

https://www.barrons.com/articles/marijuana-supplier-canopy-growth-stock-profit-earnings-51562875552

World's most famous CEO's (IMO)

Steve Jobs ................. Bill Gates ................. Warren Buffet .................. Jeff Bezos ................ Elon Musk ................. Mark Zuckerberg ................. Bruce Linton

Good find.

It's good they included the ticker symbol. Most people in the US don't know the OTC ticker.

Once more people in the US become familiar, the volume will be in the millions not this <200,000 volume.

Next Wednesday, earnings will be strong, IMO

I re-watched today's backyard show and Bruce hinted at possibly selling Martello once they're big enough...

"...Big software acquirers out there, they like if you do all the lifting and smashing altogether, shows that you're actually a very creative transaction."

Actually mentioned selling something to Microsoft, I guess early in his career. So I'm pretty sure he has lots of connections outside the cannabis sector.

If only they can get their internal act together with the "grey" status on the OTC. As I've said before, many US investors are hesitant to jump in because of the "grey" status.

They need an updated status and ticker symbol to reflect their current situation. The DRKOF ticker is a carry over from their reverse merger with New Castle Energy (Derek Oil & Gas).

Imagine the hype around Martello in the US and doing some research and see an updated OTC page with a QB or QX status...this thing goes nuts. US institutions are waiting to jump in on this.

Backyard replay...

Earnings next week will rock!

Bruce's priorities...

Martello first

Ruckify second

US cannabis third

Earnings next week will rock!

Bruce's priorities...

Martello first

Ruckify second

US cannabis third

Midas Letter about to go live with Bruce Linton from Bruce's house.