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That would be an interesting turn of events. It's still dilution though. Although at least it would presumably bring some value with it. That would be the best case. Especially if the new company had a ceo that could get Ballas in line.
Really those accumulation numbers are misleading though. It's just comparing how many shares were purchased at the ask vs the bid. So when it's market makers doing it and when billions of shares are being cycled through like that, the numbers are mostly meaningless.
They need buyers. Pumping the price by cycling their own shares accomplishes nothing. They need investors willing to pay the price. Right now nobody will even pay .0002. I had my .0001s up for days and they just don't move at all.
Or you think private investors came in and bought 7.5b shares? lol
MM's have them. It's part of their job.
Lol "son". And if they all get filled, what has that done for the price? Nothing. Keep begging Ballas to throw you a bone and pump it up with another BS PR. Any investor with deep enough pockets to move this stock up is also smart enough to read the financials. And anyone that takes the time to read them will run from this company as fast as they can. All that's left here is people that didn't get out when they should have, so they are stuck, and bottom feeders trying to flip .0001's to .0002s. How anyone can actually expect this company to do anything to benefit investors is beyond me. It's trash, and all of the hoping, begging, praying in the world won't change that. But you keep being emotionally invested here and we will see in a few months who was right.
That's less than 30000 dollars. Of course a cpl years ago that would have been worth millions.
I'm starting to think it's just too late. Dumping those 10b shares on such a small company was beyond stupid. To do that after all of the stupid shit over the last few years was probably the final nail in this coffin. And everyone is saying "All we need is good news!". Lol, good news didn't help it when there were 500m shares, how is it gonna help with TEN BILLION! It's like nobody here can do math.
Ppl trying to flip .0001s to .0002s. Until they find out you can't actually sell anything at .0002.
Unless you got some .0001s, it’s basically worthless now.
Yep. But it's gonna take some serious growth to get out of this hole they are in. At 10b shares, every million dollar increase in value (above the current 1-2m valuation) will bring the share price up .0001. So when the numbers show a value of 3m, the share price should rise to .0003.
Right now any value in the sales is just offset by years of lies and failed endeavors. It will take big efforts and accomplishments on managements part to overcome that kind of distrust.
We are past the point of no more dilution. I mean they have 10b shares available. They have diluted this thing into oblivion. They have to add value to the company to even justify the current market cap. So much debt, such small profit margin. Ridiculous.
Their last earnings post was the yearly, for which companies are allotted extra time.
That last sentence says a lot...
And then it gets knocked right back to 1 with a 70 cent trade, lol.
Nice. Sadly that's only a 2k trade but it's better than nothing.
Every time the " last trade" on my ubqu row in my portfolio changes from .0002 to .0001 I want to throw an accounting for dummies book at James Ballas.
Not even a slim chance. They have not reduced debt at all in the many years I have been following them. A cpl times they chose to spend their money on fake projects instead of paying off their debt, then went out and borrowed more money to further those same fake projects!
These guys really should go to jail.
Np. If it's a buy order, you're probably making the right choice, lol.
You keep what you have. As it stands the rest won't acquire any more fees when they are purchased. If you cancel and later resubmit the order, new fees will apply.
Greens fees add up.
Lol, when does it turn into denial?
I don't understand the idea that keeps floating around that 1. We are at the bottom because it can't go lower, combined with 2. the stock is being shorted.
It just makes no sense. Nobody in their right mind would short this stock here. The people with the money to move this stock up are smart enough to not short it at these prices, and they are smart enough to not run it up to some insane valuation. .0001-.0004 is where it belongs, and where it falls in that range will depend on how management communicates their initiatives and progress and how well they follow through on their promises. We are at .0001 now because they have completely failed in that regard. Hopefully they can step it up and get us a more reasonable valuation closer to the .0004-.0005 range which would be in line with yearly gross sales.
Just my .0002 cents.
Definitely.
They take out loans from their buddies to be paid off with convertible shares. Up until recently it was making them all rich. Now they have the problem that their scam company became popular and attracted attention and they're stuck with a profitable company that has been diluted to the point that shares can never be worth more than maybe .0005 - .001 each. And that would put it at a 5-10m valuation (way above current sales).
And of course that means even when they get to that point, the stock will only move .0001 for each million dollars worth of value they add to the company.
This is what happens when you put selfish idiots in charge.
How does 50k increase in ambassador sales make the market cap go up 300%?
I don't think that's how it works.
Cpl weeks ago.
It's tempting. I bought back in for a measly 1m shares @.001 just in case a miracle happens and right now it's my most embarrassing position.
Thats similar to what they pulled last time. They make these announcements and get everyone excited for a little while, until it becomes clear that they were just scraping for a press release. They never follow through on any of their promises. If you're lucky, you will get your gummies, but they pulled the same pre-release stunt last year and it's been so long they were able to do a similar one again.
It seems they don't actually have the production or the supply to just post the shit on the website and sell it like a legitimate company.
I just searched ubqu board for "craig" and grabbed one. There may be more if anyone wants to search it and scan through the results.
Found this on the board.
Craig Fischer 786-375-0556
Luke Dreyer (COO) 727-565-2920
Yep. A 5 billion market cap would be awesome...
They have been hearing that for almost 4 years now and clearly couldn't care less.
They haven't filed any financials since 2014 so maybe just an old connection.
Well, they are claiming it.
http://globallinkscorp.com/home/hemp-life-today/
In the voice of Brad Pitt from Inglorious basterds:
"You prolly heard we aint in the cbd business, we in the share selling business. And, cousin, business is a boomin'".
They started the day with 4m .0001 dump right out of the gate. Or someone needed that 400.00 right now.
Several on here have done it. I haven't heard any real updates from them, which is probably good. I would imagine if something went wrong this would be one of the first places to complain.
Their competition is everyone that makes cbd products. They had a jump on the market when they started out, but they blew it with their insatiable appetite for personal wealth above the success of the company. Now they are left with a company that makes good products and managed to split their tiny little market cap between 10 billion or more shares. Perfect example of how to screw investors.
I don’t want to sign up. I wanted to know what the two new products are.