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No clue, but my guess is soon
I'm starting to think that the time to trade and accumulate this one at the current level is coming to a close. Volume the last week or so has been consistent with a big spike two Fridays ago end of day, touching .0395. The channel Oxis has been in is exceptionally tight and I feel like the .04 level will be retested sooner rather than later. As for my position it's still intact at 750k, and the reason I've been In this as long as I have is that I like Biotech, but mostly because I feel like there are trials and drug results out there that we don't know about. Throw into the mix the info from the CC while using LBIO as a baseline for what was done previously (with the exact same funders + people that missed out) and this could be the makeup for something similar.
My hunch is that MGMT isn't standing idly by. I'm using PMCB as a reference not just because it's biotech but because the share structures are somewhat similar, float wise. PMCB's float is 529m vs Oxis 500m. There's also an O/S difference of about 107m with Pmcb at 707m and Oxis at 600m even. When it comes to the A/S Oxis wins with an A/S of 600m vs PMCB 1.49 billion which is good considering Oxis can't dilute. PMCB does some promotion, but also got orphan drug status and I think that's in the cards for Oxis as well (obviously).
Oxis CEO Tony Cataldo can build a biotech company like LBIO because he has the formula and all the variables that are needed. Not sure there are many people in the MMJ space that can show a formula that actually works. Food for thought I guess, but I like Oxis going into the summer and I think the spring is loaded for a run as this channel gets tighter. Time will tell- cheers
Wolf
Yes... I've stayed at the adagio, I enjoyed it. I like Joel & his family, but I look at downtrends objectively.
Still holding... But I am a patient wolf
Agreed
This is why u trade spikes. Investors/traders have to be realistic about gains that are rapid as there are people making money on the way up and on the way down. There seems to be some confusion about a note that's matured and possibly being converted. These can be opportunities for people that hold a core and trade a core, but u must be patient. No 1 investor is going to prop this up, it takes continuity and a plan.
Here's the news today that it will be trading on the OTCQB http://marijuanastocks.com/nhlsplif-announces-otcqb-listing/
I got some at .07 today... u can call your broker
Rome wasn't built in a day
Best name in MMJ I love a good Splif
All about the base bout the base... No tremble.
Looking good guys, ur doing a good job of trimming on spikes and buying dips. That's what makes a stock rise so just wanted to say congrats.
Those notes getting taken out is very positive for everyone involved.
http://marijuanastocks.com/pzoo-confirms-paying-off-note-to-eastmore-capital-llc/
I have 750,000 shares if that answers ur question.
Haven't been following this much here u go http://marijuanastocks.com/enrt-announces-newly-updated-website-and-educational-blog/
really reaching on these PR's http://marijuanastocks.com/fwdg-futureland-lands-grow-lease-opportunities-with-second-sun/
I'm here, I just don't feel the need to post. How about that volume end of the day
U don't talk about fight club
Lol this isn't news, this is a desperate cry for help.
All about the base bout the base...
Lmao
Nice churn today.... Build that base!
It went up 50% dummy.
Coolio I have to talk to Stella this weekend. I'll have a better sense of things
They have some legacy issues that are being taken care of to my knowledge. Patience
Yeah OTC markets seems to have quite the racket going. U have to pay to get some of those things removed.
Vpor check the disclaimer it's all there. No way I would pay for that lol when I had 10k worth of stock at .0043
Serious. No one was closer to the co than me. When it was clear it wasn't being paid we sold. That was 5 cents ago
Note holders weren't friendly and financing had bench marks they could not meet. This led to dilution and an A/S raise to cover reserves for toxic debt holders. Had the debt been paid off in September as was promised this would be a different story. Now the SS is terrible and shares that were restricted are going to be free trading in the next few months. They have a good product but that doesn't translate into a high pps.
This is the best news they put out this week and I'm glad they did it after close so the market could digest it.
http://marijuanastocks.com/pzoo-form-8-k/
They are making a concerted effort to clean sh*t up and are make the transition from a phase 1 company that needed to raise $ initially to a phase 2 company that is revenue oriented via strategic partnerships. And yes I'm aware that was a run on sentence. GL
This is like catching a falling chainsaw that's on fire over a pool of piranha's... Where are all the longs?
P.s not one fitx long took my challenge
Not 1 $fitx long took the challenge! I rest my case, no one is up except Bill Chabaan @ChrisParry @matt_finston pic.twitter.com/Y9rJqVp3LH
— Jason Spatafora (@WolfOfWeedST) April 9, 2015
No this is going to $10 because it's the biggest grow in the world (without a license, equipment, under investigation) who cares what people say FITX long!!!! I'm loading all the way to no bid!
Curve your expectations the only way a squeeze like that will happen and cause shorts to cover and short simultaneously is if a massive amount of money comes in heavily slapping the ask. Even then eventually shorts win because valuation gets top heavy. U want this to be a smooth incline not a rocket ship. Hold a core and trade a core, sell spikes buy dips it's simple. Increase the shareholder count etc but be realistic, excitement is ok but I thought news today was unnecessary, this can move on it's own.
That's exactly what I saw as well TrueTrader. There was a big short position the night before trading was suspended on the Euronext and this is what caused out squeeze to .07. Had the market reacted better off the cc and not just taken RS from it (which is dumb) this could have trapped the shorts into a monster squeeze. That's why we had so many bashers jump on here with some fear mongering. That's fine, u can't win them all but I think this will trend up nicely over time. It's a marathon not a sprint. Board admin sticky true traders post please.
It's basically a reset. We know where this thing can go on strong moves and volume. U think the guys financing this Cataldo deal are sweating? I doubt it.
Guys remember this happens every year in the OTC and the markets in general. People pull out profits to pay taxes. Even I did that.