Don't be a FOOL! Stop averaging down into downtrenders.
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"After my mtg last week with the Insurance broker we came up with a new product Bfoundmobile for heavy equipment and received an initial order for 250 units to start"
omg, honestly: 'had a mtg, invented a product, got immed orders'
ha.
Catch up Mate - everyone knows this version of events.
And it doesn't attempt to answer the question I raised, but I know perma-posters here don't really care other than to repeat the promos.
I haven't bashed, I've asked pretty simple questions.
Please re-read #195079 and explain why this debt hasn't been paid if it's a big deal to the company.
"We know what’s public" - which is nothing really, if we limit ourselves to knowing what is factual, independently verified details.
But that's OK for traders right? We like price action, so a good move on increasing volume gets our attention and we're in... then we're out.
"it’s a penny stock. It’s not very well regulated, and the financials are unaudited." Agreed - could be a great trading vehicle, but doesn't sound like a very smart investment.
"We are here before the big money joins because that’s the benefit of playing penny stocks - we can get in on the ground floor."
Big Money, or Smart Money, will always be there before you, IF there's a reason.
Where IS the ground floor I wonder?
Best to your trades, and because this stupid board has some of my attention I hope this thing actually kicks into gear. I don't see a REAL catalyst yet, tho the constant promotion may be enough to get a 2nd run for us some day...
Insider Trading? I'm very familiar w/ Insider Trading rules (and all sorts of other frauds), but not sure what you're referring to in my post.
"with over 6 million in revs and AR. This is as of last quarterly."
You state this repeatedly as if it's 'fact' - is it? How could you possibly know?
IF this were even CLOSE to true, can you explain why the company is unable to find a reputable auditor who will sign their name to actual, legally-acceptable financial statements?
IF that occurred, it's possible real-money would flow into this. Otherwise its just another sub-penny nothing-nothing, trade-able for sure like many others, based purely on PRICE ACTION, which I like. But certainly not 'investable' like so many here pretend to do.
"Some say ONCI will make $ 100 million in 2019" ha
If that's anywhere CLOSE to the truth, there would be a good & close relationship w/ banking (cuz who wouldn't want a piece of THAT?) so that he could EASILY pay off "Delaware debt" whatever made-up number that is.
There are REASONS this isn't happening. Understanding those reasons equate to DD.
Would LOVE to see somebody answer these easy questions... but nobody will.
Thanks for your reply. You DO realize otcmarkets.com is a marketing platform correct? It is NOT sanctioned by the SEC or anything like that to provide accurate financial data. For a fee, they repost company-provided PR & un-audited financial claims.
What some of you folks call "DD" is simply re-posting promotional tweets, un-audited financials, and claiming to have 'insider' info thru direct phone calls w/ some guy called 'Steve Berman.'
That's NOT Due Diligence. DD is AUDITED financials at least, and additional FACTUAL information verified by a 'trusted 3rd party' (NOT someone who makes those claims on msg boards).
Of course this is a sub-penny stock, that did all of $10k in volume today. Just imagine if the financials were REAL, or the product was REAL & moving! Don't you think 'those in the know' would be all over ONCI buying more than $300 worth of stock at a time?
Hmm.
Would appreciate an honest reply to this
Gosh, if the CEO wants to move the share price higher he should use a tiny portion of this claimed massive revenue... and hire a reputable financial firm to perform a real, actual audit of all financials.
THEN... gee, maybe somebody w/ pockets would show up and actually accumulate shares.
But it appears the CEO WON'T do this for some reason. I've asked the board many basic questions that nobody will answer but maybe someone will answer this one:
Why don't we, or can't we, see Audited Financials like a real company?
You could say this board has been out of hand for over a yr - look at share price trend, look at daily avg dollar-trading-volume, and ask a simple question:
Why are super-small-retail-traders the only 'smart people' who see the genius in Steve & this so-called-company? Why are average trades in the hundreds of dollars? Why isn't ANY big or 'smart' money buying this? There are actual answers to these questions...
Of course, many pennies have their runups, as ONCI did, typically followed by nothing. Watch price, trade it well, occasionally or often, and make some money.
"I was ALL-IN on this at .0008 and continued to buy on the way up."
When folks post entries, basic msg-board protocol 'requires' posting exits as well, or in your case since you state you 'continued to buy on the way up', please let us know your avg cost-basis.
Thanks!
And if MODs want to delete this msg (like they have w/ several of my responses here) they really should delete the msg it refers to.
IMO.
MJ had a monster run, now it's cooling off a bit as mentioned in my prev post. TLRY's monster move was awesome, but possibly caused more harm than good in that it 'screamed' mania, and now many MJ traders are back to watch-mode.
Earnings are on-tap, market as a whole 'feels toppy' to many, and for those of us who trade price-action, we need to see 'EXTREME VALUE' or price AND volume at least moving in the right direction.
I don't see either of those yet, so still waiting.
How do you guys 'value' Canopy? What 'should' it's market-cap be? and based on what?
If you can't put a meaningful 'value' on it, then you NEED to see something else don't you? Or what makes you pull the trigger to buy THIS instead of something that's actually moving UP?
Not bashing, I intend to get onboard... but haven't seen a good reason yet.
makes sense, thanks
thanks for taking the time to write a sensible reply
Would love to hear a well-thought thru answer as to WHY a company name-change will affect share price? Should I care or be excited about a name-change or 'move to Colorado' for some reason? Why would this be a catalyst for price action?
Thanks for any response!
(I don't need a response from those who DON'T think it will make a difference, trying to figure out why bulls keep pointing to it as a 'game changer' or whatever?)
I know folks have been talking about Name Change & Move to Colorado for over a yr now, but I'm not sure I understand what that would translate into for the shareholder.
Can someone please explain how this would impact share price?
Thanks!
Mate, I'm not that poster ('nodummy'), I just googled the name and that post came immed came up.
Cleaining out my mailbox, here's one from 2010 that's worth a look:
http://learn.advfn.com/index.php?title=Do_your_DD
I would think smart bulls would be bidding in mulit-MM blocks say bid .0017 then partial-sells .0019 to .0021 and banking it, always holding some in case it goes, but cashing in partials for the rinse/repeat until then.
Anyone else ACTUALLY trade like that?
AWSM Promo, 17 Sep. This is the article "everyone" saw; read the 1st paragraph at the bottom of the paid titled "Paid Advertisement".
$400k not a bad payday to write a promo prior to additional shares being issued. Turns out they earned it! Well done promo.
http://www.marketoracle.co.uk/Article63142.html
I originally got it in an email, as did thousands? millions? of others.
I tried. Not a single attempt at an intelligent or factual response, just continued promotional re-posts from the same new accounts. Those accounts will disappear, and other new ones will take their place in time. Same ol' same ol'
I'll go back to watching price & waiting for trade setups.
Trade well.
Hopefully you're right - I love success stories, and if even a tiny part of what the promoters claim is true comes to pass, then the price will start a meaningful move higher and those of us waiting for that can jump on and we'll all be rich. Lake Houses for everyone!
But if anything posted here IS true, then I'm really really curious why 'smart-money' hasn't discovered what a steal this is. For low 7-figures you could easily buy a huge percentage-stake or controlling interest.
Why haven't they, and who is this 'smart-money'? Any of these guys for a start:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143880264
Think About It
$1600 you can buy 1MM right now which surely you can afford or how can you successfully trade?
A couple $MM and you can control the company... which you'd think ANY ONE of the many, many PR'd companies would throw at it... if anything posted on this board is in fact real. I wonder why that hasn't happened...
If price starts moving meaningfully I'll possibly get onboard as well - but because it's unclear to me what is real at this point OTHER than price action, so trading discipline forces me to watch and wonder.
Why don't I "buy cheap"? I do, in real things that I trade like coffee & hog futures, things that have known real value (cost of production, etc).
Also options I consider meaningfully under-priced based on some basic statistical analysis I go thru. But 'Stinky Pinks' w/ zero fact-based due-diligence available to me, that move on paid-promotion and rumors force me to wait for price-action.
Think About It.
"It is a government approved legal entity."
What is? What are you talking about?
DewmBoom wrote, "If you want to discuss OTC pink sheet penny stocks, file a complaint with the government. They create it and companies follow"
I think you may be confused. OTC Markets (where all ONCI's UNAUDITED "financials" (ie, zero verification) are filed is a PRIVATE COMPANY. It is NOT Govt sponsored.
This page may be worth your time:
https://www.otcmarkets.com/risk-warning
1. "OTC Markets Group does not review, and is not responsible for confirming..."
2. "THERE CAN BE NO ASSURANCE THAT THE INFORMATION PROVIDED ON THIS SITE IS ACCURATE" and "INVESTORS ARE URGED TO CONFIRM THE ACCURACY..." (ie require AUDITED Financials).
3. "issuers are not required to maintain SEC registration" and does "not in itself create any ongoing filing or reporting obligations with the SEC".
Pinks can say what they want, and apparently are readily believed.
Trade Price, not Promises.
Think About It.
"And no one is even talking about this one .... yet:)"
I'm hoping it goes much lower first, as I would prefer to have a significantly lower cost-basis. That's why I'M NOT TALKING about it. Also my gut says cannabis stocks are due for a breather, so I'm thinking I'll get that opportunity to buy lower, but who knows? Not me, I just trade 'em as I see 'em.
Can someone explain why my post #192974 was deleted? Is this something moderators do at their whim?
Don't think I've ever had a post deleted before... curious what rules or boundaries I may have crossed?
You haven't even read my posts mate, which I guess is why you haven't responded except with more of the same.
I'm not a "shorter" which I thought I made clear, but whatever.
You clearly know what you're doing, and I've wished you well. Not sure what else you need.
Now, I could go back to YOUR posts and rip 'em apart line by line, but that wasn't my intent here.
Again, good luck w/ your trades.
That's interesting. I apologize for not posting facts, please point out what I've posted that isn't factual so I can correct it.
Good luck w/ your trades.
For others who DO hope to learn: shorts are longs best friends; shorts are future buyers, and are often the ones who kick-off a good reversal higher and continue to feed the fire when they're forced to buy-in.
Nearly EVERY good bottom is formed when shorts are forced to start covering. The ONLY time shorts are a problem is when they're right and YOU'RE wrong. But if you've done PROPER diligence, and you have the REAL FACTS, then that's no biggie cuz shorts will pay.
Trade 'em.
rather than reply to the quoted post, I would be more interested in your reply to MY post.
Why is the average daily $USD volume ~ $40,000 USD? (and I generously bumped that UP for you).
If you believe Steve's UNAUDITED FINANCIALS (but be mindful there's no such thing as "due diligence" on invented numbers), then what SHOULD ONCI's market cap be?
Should have added, "Think about it"
ONCI - "i would hate to have to admit that all of those annoying terds on the ONCI board were right all along"
EVERYONE on that board should post waaaayyyy less, over-the-top Bulls & Bears.
And never be afraid to admit when someone else is right; that's how we all learn plus it shows a litle class.
That said, I don't expect any of the garbage from either side to diminish, which is why I generally stay out of posting and just trade 'em.
"chances of a CRCW acquisition of RMRK"
see post #229.
Reading thru this board from the beginning, & RMRK board, it appeared many thought it was a "plan" or even a done deal. I'm not convinced.
Re RMRK, originally CRCW was going to close acquisiion this 4th QTR. Now this gives me pause:
"The Company expects to consummate the acquisition in 2018 and does not currently have plans for future operations of Rimrock. No definitive agreements have been entered into and no assurance can be given that we will successfully complete and close the proposed acquisition or business combination
rumors? why not be mores specific?
blackmail? please explain more clearly.
"Was referring to our CEOs impressive resume"
I know, my point was... it's not impressive, but that's just my opinion.
I'll end with this: shareholders of aapl or amzn don't refer to "our ceo" or "our product."
You'll notice penny boards are full of those types of posts. Good traders make good money trading, but they remember every penny stock is garbage and will take everything away from you that you let it, so don't let it take anything away from you.
Buy 'em and sell 'em. Ignore any "DD" posted on an ihub penny board.
Look at ONCI's chart: when should it have gotten your attention to buy? when should it have gotten your attention to sell? Ihub is useful to discover what garbage is in-play. Get on fast, then have immediate plans to monetize your trade, ie buy 10X shares, then immed start scaling out 1X at PLANNED intervals as it goes your way. Or not... it's your hard-earned money.
Or you could choose to listen to incessant cheerleading (or bashing) but that's not how traders make money.
Best of luck!