Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yeah, see that. Let's goose this thing!
Big volume trades all of a sudden!1
It makes all the sense in the world for Altria to move forward with Lexy. Unless the pot has been so poisoned by their Juul disaster. Common sense dictates they still move forward. This investment is minuscule for them and the rewards can be enormous.
We are. We should hear any day. Lexy needs the credibility a continuing relationship with Altria would instantly give them.
Short term the stock price will be controlled by what Altria decides. Premarket gap down looked like maybe they decided. As frustrating and disappointing as it has been, if Altria says "no", there will of course be a sell off to some degree, but it won't be a death knell for the company.
No volume cascade which was my biggest fear. Still looks like business as usual for the sector and the general market.
That's a good point and I'm in total agreement. Perception is so important, especially in the crazy world we live in today. This guy Mandel was up to his dirty tricks long before the two companies got together, but a PR would have been smart. I was actually hoping for one this morning.
What a horror. What else can go wrong? I don't want to know.
Not to defend management, but the whole market is getting incinerated today. Today's drop is largely a result of that. It's important .30 holds again. This would be the third time if it can bounce here. Maybe the last.
Ted said a few reports ago that he had another interview scheduled with Bunka before the end of February. Maybe we'll have more insight in tonight's report.
We thought that before the state of the company pr in early January. Now the feel good reaction to that pr has all but evaporated and those scary thoughts start to seep in. I doubt Altria is pulling the plug, but it's been a brutal period for them. Would feel a lot better if JUUL never happened.
Probably means there's nothing meaningful coming soon.
I think that would juice the price. How much nobody can say. A lot would depend on the tone of the announcement and what else is in there. Let's face it, in spite the patents and the other agreements which are still relatively small potatoes, it's Altria that stirs the drink. Until Lexy is able to expand their reach the stock price will be held captive by Altria.
The market is clearly waiting for news. Need something more affirmative in regard to Altria. Abundance was correct yesterday when he said this would be much lower if it weren't for the Altria association. At the moment the whole game revolves around Altria and the lack of tangible information.
It's coming. Starting to bubble like a simmering volcano.
That was an excellent call. Perfectly timed. Let's see where we go from here.
It's been a long road. It's not easy to wait. Have to be patient. Tangible developments are taking place. We're getting close. This year should be a big year for the company.
The PR last week alleviated a lot of concern shareholders and investors in general had about the company. That coupled with yesterday's very positive PR built on that. Strong volume so far today looks to be building on the positive vibes from the last week.
Congrats to you! When I read your post I thought you had too much to drink, or smoke, or both,lol. But it happened. You're right. We've been fooled before. We need confirmation. I think we'll get it. Today kinda looked "v" bottomish to me. We're due for some fun with this thing.
No doubt this whole situation is troubling. The only thing that keeps me off the ledge is the whole sector continues to struggle.
Reading Ohashi's report last night was somewhat uplifting, but he's been the eternal optimist throughout this carnage.
After that 100k buy in the first 30 minutes, the action hasn't exactly been scintillating. Volume since then has been a little more than an average day and the price hasn't moved. Still, it's something and we have to see if it be built upon.
Keep in mind, the cannabis sector has been struggling badly for quite some time. People tend to be myopic when it comes to stocks they own. There are many, many cannabis stocks getting the crap beaten out of them. This isn't Lexaria specific. It's sector wide. Lexaria has to start cutting some deals outside of the sector to change investor perception and broaden their appeal.
You're right. We're all a little antsy at this point.
That would be an absolute disaster. It's puzzling (troubling maybe) that 11 months after the first million from Altria, no movement toward the other eleven. Might not mean anything. Just seems odd.
You and me both. I was hoping for some movement on the pharma side by now. Like everyone else. We need more to broaden our appeal and further separate from the cannabis sector.
If it's bad news, it's probably Altria. If it's Altria this thing loses half of what's left of its value in an eye blink. The tea leaves don't suggest that though. Not sure why management has been so quiet and unresponsive. Let's hope as Billy suggested, it's for a good reason.
Don't see anything yet that would indicate that. Still a slow drip on weak volume. It looked like the bottom a few months ago when the price spiked from the low .50's, maybe even 40's into the low .70's. That euphoria only lasted a day or two. I'd like to see a bottom put in on heavy volume. Anything meaningful will probably hold off until January. Dead day. Dead week. Dead month. Lost year.
From what I understand, they play a lot of poker. How well, we’ll soon find out.
Could be just about anything. They have a lot of irons in the fire.
If it's bad news as in Altria, we're cooked. I don't think that's the case. I think good news is getting close. The first and second quarter next year may be bursting with news. Especially when you compare it to the morgue like atmosphere now.
Brutal! The next year will tell the tale on this one. I'm expecting (hoping) some material announcements to start coming during the first quarter. This year has been a major disappointment obviously. The silence coming from the company is deafening and somewhat concerning.
They have to close a deal that will separate them from the cannabis sector. It's that simple. This has been a brutal year for the sector and if they don't spread their wings they'll continue to be subject to the vagaries of the sector. It's time.
The open I've been dreaming about forever! Price is strongly attracted to .60. Need a move into the .70's to put it to bed.
It's easy to become paranoid in this environment. In June or early July, Bunka said he was hoping to release an updated status report in regard to progress being made with Altria. I realize that Altria holds most of the cards here and Lexaria would need their approval to release anything. Still, in the light of what's happening to the share price I think it's incumbent upon management to go the extra mile and tell shareholders something, anything. I find the complete lack of information concerning. It will be nine months in late October since the deal was signed. Not one meaning update from the company.
Knife, thanks for the comprehensive analysis.
The Juul deal blowing up for Altria is on the surface a good thing for Lexaria. Just how cautious this will make Altria going forward is a question. It's a total disaster for them. A hemorrhage. I think they were sloppy.
Chris said in June that an Altria update could come as soon as late August. Reading between the lines, I think something with Pharma may be relatively close. Say by the end of the year. Just a guess though really. I think we've all fallen victim to wishful thinking. Again, reading between the lines, something big internationally could be percolating. Like Abundance said yesterday I think, Lexy has to separate itself from the cannabis group and the carnage taking place there. In a big way. A perception change is needed. That being said, the price action doesn't reflect all the positives seemingly taking place at the company. Hard to look in day after day. On the positive side, much different industry, but this reminds me of all the hand wringing from JAZZ shareholders not that many years ago. Maybe 6 or 7. Anyway, just like here the shareholders were aware of many positive developments within the company and yet the stock price was mired at very low values for a long time. Then it began to move. It eventually went well over 100. Once it started to run,it ran hard and fast. I didn't hang around for most of it, but enough. It was the same thing, day after day as here and just when things looked darkest, it went BOOM!!
When the right news is released and it will be, nothing will stop this.
I believe his father passed somewhat recently from lung cancer. Strong motivation as well.