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$3.36? You aren’t waiting for $7.26? That’s mine.
I said it before and I’ll say it again. $ffrmf reminds me of $axim. I was trading frequently a year ago and bought and held last December. Rode out the ups and downs and name change. Will not be surprised to see $5-$9 a share within the next year. I made a bet with my friend that it will touch $1.40 before years end. I think he’s going to owe me a drink.
Got it, trying to drum up some for a pump and dump. Guess they don't know who stays in here.
What do you mean multimillion dollars? The market cap is already multimillion. There are 35390000 shares and the value is at $.20. If you think you'll make multi millions then how many shares do you have so I can gauge what you estimate the price to be?
80000 shares away from the most traded week of this company ever both $agstf and $ffrmf. It was Election Week. 6.76mm shares traded. We are currently at 6.68mm shares traded.
Have to hold, that's what gets me the most.
Every day that goes by I feel more angry. I've lost so much money on this thing. I felt so good about the direction this company was moving. The lack of transparency, after they pledged to have transparency with their new pr firm is laughable. I have no idea what's going on anymore. Are they supposed to make good on delivering this Friday or not at all? What in the fuck is happening is all I ask myself every day. I feel like the shareholders deserve a certain level of communication and there are Crickets.
Also, the audit is likely to be related to the upmost from the otcb to the otcbqx I think it is.
Also, yes bill replied personally:
Thanks Mike. The filming and editing is taking longer than we expected, but the final product will be well done. Should be done in a few weeks.
Bill
The article that I read from the 29th or something like that stated that they were delayed and they had till the 17th to release them. I've been running over what it might mean, and what I wondered was if they wanted the extension to get a months worth of wax revenue. We have 5 more days till we find out though.
https://www.stockhouse.com/companies/bullboard?symbol=ffrmf&postid=26447851
Apparently bill the CEO emailed this girl back.
I agree with you, and the only thing I could think about is that they wanted to include some of those profits on the balance sheet to show that they are making money. If it is true and all is well, then their one month profits should gauge the value of the stock in the near to long term. Until then I think that their pointless releases don't do anything for the street and I beeline that people are as worried and are comfortable with taking losses and that's beating the stock down. I still stand to make a substantial amount of money if this does well and if it goes bust then so be it. I agree that it's a lot of work for a show and they were doing to much right for it to be wrong.
No response on the email. I took about a 1400 loss today reducing my holdings. I'm not sure will happen but, if this turns out to not be good I wouldn't be surprised if we are looking at another 40% drop from here.
Mook, what do you make of the insider cease trade before filing good or bad?
Just emailed them:
"I am contacting because I'd like to know if we now have an alternative timeline for the release of the extraction facility video? At the time it was announced that the video would be commissioned in mid May, it seemed to suggest that the production would only take a couple of weeks. Since then there has been a handful of what seems to be redundant press releases from the marketing company you all have commissioned and I'm interested if there is fresher content to deliver?"
I contemplated emailing the office manager and CC'ing Bill Gildea for an update as to when we could expect the video to release. It has literally been 1 month and 2 weeks since they announced that the video will be done. I think that the marketing company they are dealing with is garbage because I'm noticing their name coming up on spammy websites. Typical of a shitty marketing company trying to do SEO. They could also be looking to hold off on the news and drop multiple PR announcements back to back to back. I've held onto mine as well even though I'm about a grand in the red. I wish I would have taken profits at $.50 and bought back in now but that's the name of the game.
I'm sure they had to jump through hoops for California laws to run just "a" business that was manufacturing. That post about the the facility and when it was up and running was like 3rd week in march. They have one more week to deliver on that. Additionally they have till next week to deliver on the video. By the end of this month, I'm going to be annoyed if they haven't made significant strides. Albeit I won't sell, just be irritated with it.
I believe 1 & 6 are your most potential. The apps are garbage and not a revenue driver. Their PRs I agree are worthless as well. The only thing that's going to drive this stock is, showing income and showing their operation actually running.
More red days as current news states absolutely nothing about what they are doing to make money. These press releases are getting to me.
Just a little math I was doing...
The machine in cali processes 20lbs an hour and the wax sells from 9-15k. Good trim costs around $250 per lb. so if they make somewhere in the middle of 9-15k let's say 11k then their profit after employees will probably be somewhere along the lines of 5k per hour. If they process 6 hours a day, then they will make $30k a day and $150k a week. If they do that for 50 weeks out of the year that puts them at $7.5mm revenues for the year. Currently the stock is running at 54 times revenues while others are in the 80 and some like Axim are even higher. $7.5mm * 54 gives this stock value at $405mm. Divide that by the 35.39mm outstanding shares and that puts this stock at around $11.44. By the time this thing pops it will be too late for the people who weren't in and holding since the beginning.
Just for everyone's insight as to what those requirements entail, of which includes an approval of an investment bank.
https://en.m.wikipedia.org/wiki/OTC_Markets_Group
Email the CEO. Research every single one of the members in their management team. Also, if you searched the address correctly -> 5 - 9079 Shaughnessy Street Vancouver, British Columbia, Canada V6P 6R9 you would see an alternate view from just the address using suite which shows your warehouse picture. It is a commercial park with also offices. Inside the park there is LED Canada which is part of their group. I've already had your fears, but trust me you have not done enough research to instantiate any fear mongering here.
This is the biggest problem with this stock. Changing their ticker destroyed it. Additionally their doing big things to manage the business end, however they aren't doing much on a marketing and seo end to have made a transition and keep their name out there. This was on a rise and was bust because of the ticker change. Then "poof" no one knew the new ticker. This is one of the annoying issues I have as a shareholder.
There are 29 states with marijuana programs and several more on the docket. An initiative against it would only push this subject into the limelight and be regulated, not the other way around. This is a bipartisan issue now, Jeff sessions can quite frankly take a hike.
First congress has not provided a budget for Sessions to allocate resources enforcing federal policy with regards to marijuana for states where medicinal policies are in place. Secondly, there is a bipartisan effort to institute policies for either legalization or medicinal, both of which have tax implications for the states they are set up in. This isn't a fight that should be fought. The democratic system that was set up in America has taken its course with this subject. To take an approach against it would be political suicide. It's a matter of revenue, and ill-weighted racial disparities of socially constructed deviance driving this agenda, and the industry can only prevail.
According to other forums, people have been posting that President Trumps comments addressing Medical Marijuana were in a negative light. It isn't really true, it was basically him dodging anything specific. It isn't on his list of things to tackle. Additionally people think that Florida is taking way too much time dealing with setting up a framework on how the medicinal system will work. The in fighting with regards to this is worrisome to people on other forums. Florida was always a long play, the revenues for this company will come from their partnership with the grow operation in California and that operation supplementing their wax production at their other facility. Really, from a shareholder perspective, $ffrmf needs to remain transparent on every step of the build out for current and potential shareholders to weather any baseless political rhetoric.
I think that when they tell everyone what they make off the wax in July then the value will skyrocket
This was the news mook806 referred to with his previous comment I replied to. It came out a day ago and nothing happened to he stock.
In my opinion there hasn't been enough news that has saturated the proper channels for exposure. I believe this hasn't happened yet because there aren't the financials to go along with it. Currently the company is running around a 50x multiplier with respect to revenue and market cap. They are setting up a wax manufacturing facility which I know an individual who managed a facility/lab in Denver. The profits $ffrmf are estimating are true, albeit the likely run time is probably around 5 hours per day and 5 days a week though it could run theoretically all-day-all-week. Anyway their lab construction should be done in a couple of months and in addition to the profits they will receive from selling the raw material, i.e. wax, they will brand a further processed material themselves. I think people are playing with this stock that's why you see the ups and downs. Also, we are in a consolidation period. When they post profits, and they show that they are inside the industry making money, then you can just look at their revenue and estimate their worth. Till then I have my stake, and will hold it for quite some time.
They probably will, he was reading from a prepared statement. If you fill out the name and email and phone number though the next screen is literally the MP4 of the audio.
http://cc.readytalk.com/play?id=b28cko
That's what they sent me but I haven't logged in.
I just emailed them and they said they will be posting to the website soon.
Ya it is great news. I think their head is in the right place. I have spoken to many people in the industry and was only concerned about whether they would create their own branded products. They will have multiple revenue streams in the next few months. If you look at the multiplies that some of these companies have for their valuations from revenue, some are in the 80s or high 100s and currently $ffrmf is like 59x revenue for the market cap valuation. If they are pulling $2mm a month then you can do the math by the end of the year what they should be. AXIM is $700mm market cap and so is Aurora Cannabis. We are like $10ish mm. These guys have one thing in mind right now, create value and make a profit off of this growing industry with their "collective experience".
FYI I listened to the conference call and The CEO explained the timeline that the concentrate facility would be up and running by the end of June and producing in July with profits shortly after that. They also said they received their certification for their grow lights. I was the only one to ask a question:
"Do you plan to process the concentrates further and create your own branded products?"
Mr. Gildea explained that that is the plan and they have contracted a company to produce the creative and brand for the products that will come from the facility and more information will come within the next 45days.
$ffrmf
Somebody trying to get rid of 73000 @.31 $ffrmf
Has the vertical grow been up and running for 90 days?
Will we? With sh*t like this coming out of this Jeff sessions absolute imbecile mouth. "Marijuana only slightly less harmful than heroin"
http://www.bostonmagazine.com/news/blog/2017/03/15/jeff-sessions-marijuana-slightly-less-awful-heroin/
$FFRMF bull flag setting up
$FFRMF to manage cannabis cultivation facility. https://www.otcmarkets.com/stock/FFRMF/news #news up and running in 3 months. We are on the right track