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I'm surprised this stock doesn't run up prior to results similar to a biotech would in anticipation for FDA approval. Different circumstances I get. But similar unknowns.
Trading on this has been stronger than anticipated today. I thought we'd shoot up quickly in the morning and then struggle to stay green. Consolidating nicely.
$10 a share from $2 in a few years is meh? Boy, you are on fire then! What stocks do you recommend? If you are making 400% gains like it's nothing then I need to follow you immediately. I also never hold on for that long so not sure it'd matter but shoot me a PM with what you are buying. Be able to retire very soon :)
Nice call MX. Seemed inevitable with their silence.
Mueller looked like a lost sheep. Guy did not want to be there one bit.
Up big AF. There is lots of news that can make this move upward fast. I'm ok with gamble. Almost back to break even with all the averaging down :)
You and I lodas are on the same page. We still have not heard the full story. There's always 2 sides.
My biggest complaint since being a shareholder is that why on the 17th of July did they not communicate to all of us they responded to the HC letter? Why wait for 4 days after to issue that press? That gave us no firepower. If anything it lost us 15-25% of the shareprice. My nerves are generated from them not being the best communicator to shareholders and not that they'll lose their license IMO.
I quoted your post directly. Not much room for interpretation. If you meant something else, you never said it.
Honestly don't need luck. I don't invest without knowing my limitations. As should be anyone's rule of thumb.
This is post 652
Depends on what really happened. What we know I agree with you. What they know, it may be a whole different situation. Maybe HC allowed them to temporarily run these unlicensed rooms while they were in the process of getting them licensed? However there was a leak from within and HC had to react. Could be egg on both sides. I'm just speculating but there's always 2 sides to the story. So far we only know 1. Why we don't know managements side yet is beyond me. Maybe an agreement with HC not to disclose? Either way, there is lots of risk involved!
This coming from a guy who said last week you "heard" their license was revoked. Give me a break.
Also, same could be said about the Washington Post or MSNBC who all believed Trump colluded with the Russians. Reporters are always innocent right? No agendas? Why not release all the emails on this?
The biggest worry is that the shorts within this sector are extreme. Even the news yesterday had no substance to it (similar to the Mueller report) but yet it went down 20+%. The people who reported the news historically have been negative with CannTrust so it was no surprise it came from them.
When I say no substance, I mean that we did not see the full emails and the context of them. Stringing a couple sentences together doesn't necessarily mean it's the truth.
Same. Added more at 2.03. This is quickly becoming a heavy investment for me with all the averaging down lol. I'm still very confident this passes through HC with a slap on the wrist. I've been through these many times in my professional career. I've never had a government or municipality push for destruction of the company unless you are a prick to them. They typically are workable even if they are unlikable.
Have these emails been posted anywhere? You have to pay to see the Globes article. Curious if they are within there. Otherwise hard to know what exactly was said.
I don't understand. In a previous post you said you hear license is revoked. Wouldn't you know timing then? Why would you post information with no support. If you want to be a short, do so without being so shady. Present facts and make your case.
You're doing better than me. My average is $3.26. I keep averaging down at the dips. Honestly I'm happy with the red days. Let's me accumulate more. I would have felt uncomfortable if this kept going green since there is no update or news that really should make it green. Not 18% worth at least. 1 or 2% sure.
If management is not working with the HC, then this company will fail no doubt. If they are, they will make it through the licensing fiasco. Whether they succeed after that is not the concern. I'm out post licensing announcement. Good or bad. The fact that they voluntary took steps to comply lets me confidently invest on the side that they are working with HC and this will get approved.
That's news to me. Great info you posted.
Very odd you'd consider my post as either of those. You're entitled to your claims that the world is ending because of a licensing issue and I'll go off my experience that it very rarely results in revoking it if management is active. Sorry to upset you.
Sorry buddy, think I have a lot more experience in how business, licensing and how municipalities/governments operate than you. Gone through this situation a bunch of times in life. It happens. It will pass as long as management is working with the gov't. Seems like they are at this point. Worth the risk because once they get the license, easy 50% gain overnight.
lol you cannot be serious. This is a license violation. I bet you can't find many companies out there who have not had this happen to them. Definitely will not cripple them one bit. Gov't is not in the business of putting companies and people out of work unless it's maliciously performed over and over again.
Wait for a reversal in the chart....hasn't came yet. Was looking for one at .30 but it couldn't hold. This will probably dip into the teens before I see anything bouncing back up.
Nice little article. Still looking for an entry point but stock needs to stabilize first before entering. If it can hold .30 than we have a good signal here but if it dips below it, it'll continue to drop.
Not sure who but it sure is frustrating. Had they just let it ride for a couple days, they could have sold for much higher gains than within the 4-5 cent area. Even if it is further dilution....why not just wait? After the WAG settlement was announced, this easily could've reached a dime without any massive sell-offs to block it.
Welcome back in. Based on today's performance, no reason why this can't test the 7s with minimal resistance. Obviously with the upcoming approval, this will continue to rise but with a couple dips along the way. I for one am done playing the dips and am holding through post approval. Too risky to be on the sidelines as this creeps closer to 4/15.
One step at a time....we broke thru the major 5.86 resistance this week and stayed above it for a few days. The 6.15 area is the next one we need to break through and I'm expecting that to happen by Wednesday. I'm shocked that this stock has stayed down for so long considering the all but guaranteed approval of AFREEZA since it has already been approved but went back for testing due to the change in the inhaler method. They've already spent significant capital to put the product into production and have spent a lot of money obtaining a partnerhsip. These are all signs pointing to approval (and yes, they at this point have a great understanding of whether or not it'll get approved).
Conference call was a great win for investors I thought. Most importantly the cash burn won't run out until Q3 2014 which gives them plenty of time to find a Partner to take this to the moon. You could also tell based on how they worded their replies, that they are extremely confident in approval of AFREZZA and are already spending money to put this into production for 2014. Great news.
Good article however I don't think you read further where the lawyer basically sided with mmrfs case as bl and company are actively trying to bring the patent to society.
You would if there was true potential. Nobody knows that bettrr than high ranking workers within a company. Much more insight than you'd have.
Correct. There's no way in the world a Company of Walgreens size would ever settle and go down lightly on these type of claims. They get sued all the time and usually they push it as far as it goes to the point where the other party settles for a lot less than what they were originally fighting for since they ran out of money.
Granted if it came down to that scenario....it'd still be a lot of money compared to where we are now.
I know this is late in reply but since MMRF is a public Company, then their valuation of the options would have to be audited by the Independent auditors. So while they can put together the valuation themselves, it still has to pass the test. Normally people take options because of the sheer potential of the Company. Just like all of us investing into it now, all expect in some time, the Company will grow revenues and trade at much higher prices than today.
Plenty of companies with a variety of situations can be valuated. It's just developing the assumptions and a forward looking plan that is realistic (passes sensitivity analysis). Without reading through the 10-k, it is typically required of companies to disclose their assumptions used in valuations such as an option. Factors like the volatility, risk-free rate, term, dividend yield etc should be stated. A company like MMRF will have extremely high volatility due to the uncertainty of its stock price. Due to that alone, you could put it through a lattice-modle option calculation (Monte-Carlo approach for instance), run it 50,000 times and some values will say the Company is worth $0 in 5 years and others will say $200m. You take the average of that and an option value spits out.
When an option is initially granted, you still have to value it at a future date. You run it through some kind of valuation of the Company forward looking at point in time through a variety of methodologies and then you throw it into some kind of option-pricing model / black scholes calc and it spits out a # of what those options are worth in 5 years, etc. So today they are worthless but in their forecasted valuation, they are probably worth something.
Good day here. Just the beginning and have no problem being around for the long term with such great promise.
Great news today! Add that to the # of them we have around here. The fact that this is still so cheap, is highway robbery honestly!
That's cuz people would rather invest into a company like Bloaq which has 0 chance of commons recovering. People that MMRF have to deal with as investors currently, do not want a small volume stock with actual revenues. They want super hyped stocks with lots of outstanding shares and volume. Stupid but true.
Disagreed. If you understand pumps - they don't let them die just after 1 day. If you still have massive interest and potential, you keep it going. If this is due to a pump, there's no way they're dumping it just yet. Not with the volume and upward movement this showed in the last hour.
A lot better position here than Blockbuster ever was once it was sold to Dish. If that can run to .30s - this should be able to easily to .60s. Will it? Who knows.
As a CPA, issuing a going concern does not necessarily mean it's a "serious implication" as you say. It just means that there's question about whether or not the business can stay afloat with it's current condition however there's mitigating factors to help bring them out of a going concern such as mmrf pro and the biotech assets. For a start up Company like MMRF, a going concern is almost a standard procedure as it has very little revenue and lots of capital raising/debt issuing to become a profitable entity. Hope this clears the air on that one.
This bad boy runs pretty hard once it gets rolling. It's whether or not it can sustain the movement over a period of time.
Unfortunately MMRF has real revenues and real storylines and nobody in pinky/otcbb land like that. They want made up stories of Companies who magically have 100s of millions of revenues in a quarter from their super product.