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I'll take a slow and steady increase over a speculative pop any day
Maybe this time we will have something sustainable instead of up 200%, and then crash back down to new lows.
goodgodyall, sorry, what is significance of this?
Expansion of current services? Does 'light' represent an important service/ underserved market?
JMTco - That's actually quite brilliant
My general sentiment is that the continuation of a state-by-state approach is a good thing for Surna while it is this small and my hope is that by the time we do see national legalization Surna is has scaled up or is ready to scale up and compete with these players. Or, that it'll be established enough by then that they'd rather acquire Surna vs compete against it.
Only one concern about the election
Honestly, even though it might help the stock price a bit, the democratic party has proven themselves to be a bunch of ruthless, shameless, dishonest, unethical group of dangerous narcissists.
Democratic victory in November will cause much bigger problems and legalization is inevitable, so I'm voting Republican across the board, as these democratic party Marxist drama queens need to pack it up, and go back to their cities that are on fire.
Exactly !
I am merely saying that every stock I buy continues to go down, even it it looks like a compelling bottom.
SRNA seems like a possible gem though, don't be discouraged by my silly remark.
I can probably make the selling start again
If I buy any shares over $.02 :) I'll spare everyone and just hold for now,... you are all welcome.
Federal legalization needs to happen already
As a republican, their arguments make no sense. This is also a key issue in police reform, as it eliminates an irrelevant reason to harass someone who is otherwise in no way criminally dangerous.
Weed has been used for thousands of years with perhaps a few known fatalities, while the pharma companies crank out dangerous rubbish year after year. Richard Nixon hardly got anything right, and his criminalization of marijuana is one of the crown achievements of his worthless legacy.
'It seems the MM's are going to walk this down under two cents.'
Surprised to see my bid hit at .019 today. goodgodyall called this on 8/21. Hope he/she is right about the next possible move up.
goodgodyall, makes sense
I'm gonna to put another limit order in at $0.019
Yes probably
Had mine sitting out there for a few days. Good luck to us!
I got 50K more today
at $.022, and I am never patient, but figured put a limit order out there, and see what happens.
However, I am also short on AAPL and TSLA, so this doesn't completely neutralize the fact that I'm an idiot. :)
I hope we are right
$1+, Let's do it!
Sorry, couldn't hear you
I was busy doubling my position
Hey look, Babblin Joe Biden's running mate stopped by to share some happy thoughts.
Isn't there a protest that you are late for? We will wait here as SRNA makes it's way to $1+.
ALL-IN888, Hope you are right
Just wonder when the total market is going to finally melt-down. Let's hope the S&P final top is somewhere north of 350.
If this was 1999, SRNA would be a $10 stock already
Alas, we are in a different type of bubble now, but $2-$3 does seem entirely reasonable.
If there is no r/s then there is a bombshell coming that will make the share price and market cap skyrocket in order to make the qualifications for the exchange.
R/S without financial performance won't matter, as you pointed out. So let's hope for your bombshell.
In the Aug 20 conference call, Tim Keating said they "we're not thinking about a reverse stock split at all right now. So it's not being discussed in the board, not on the table."
Amen to that!
daystreaming, totally agree
I do not want to see a reverse split to get to required bid price, with no other qualifying factors in place.
Bingo, let's just hope for slow, deliberate positive momentum that's legitimately derived from earnings and not a reverse-split parlor trick.
Edro, look up the history of reverse splits
They NEVER benefit the current shareholders, and in the case of penny stocks this is probably 100% true.
Most recently, I recall TRTC (Terra-Tech) pulling the 'we want to list on Nasdaq' scam. After they did the reverse-split, the stock has gone from $8 to .28 cents.
There are very few exceptions. For example Priceline and Citibank. BUT, these situations happened at the bottom of epic macro market crashes (Priceline - Nasdaq bubble crash, Citi - Financial bubble crash).
I don't give a s&it if the excuse is to list on the 'Red Carpet, Imperial-Awesome, Utopia' stock exchange. If SRNA does a reverse-split, we all get screwed, and if you hold a fair amount of shares, you should be vehemently against it.
No reverse split please!
No reverse split please!
Better to hold a larger block of shares then a 10-1 R/s split.
Exactly right.
R/S = BS
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. Also, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Thank you for posting this.
A reverse split does not address any of these requirements:
minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years Nope
its average market capitalization over the prior 12 months must be at least $550 million
Nope
revenues in the previous fiscal year must be $110 million, minimum Nope
Hopefully McDonald is referring to the potential of the company to meet these legitimate performance goals. We all know a reverse split does not help anyone but those who want to jump on a higher price to short it back into the ground.
Pop goes the bubble
Yeah, buy some more of this falling knife, that should work out great. :)
Best to wait till after the dust settles. This company has negative operating profit, and could very well fall to $2, and stay there for years until it shows earnings power.
For anyone looking to buy this, please realize that ultimately MJ is a commodity. There was the Canada stock bubble phase, but that is over.
What does 'real' have to do with anything?
If you haven't noticed, we currently have imaginary digital currency that sells at around $14,000 for each illusory vapor unit.
Nope, sorry MD-420
That's just the way it's probably going to play out. Canada stocks have seen their best days.
Feel free to elaborate on your argument, and I'll tell you why.
Canadian Pot stocks have peaked, are played out and crashing
If MCIG was a Canadian stock, it probably would have hit $5-$10, and then started to crash already.
Stated another way, for Canadian Pot stocks, the barn door is open and the horses, the chickens, the farm maids, the tractor and Harry S. Truman have left the building and are on their way to Vegas.
For example, look at Canadian stock Canopy Growth Corp (TWMJF). It peaked on Jan 9th at $35, and is now $25.
Jeff Sessions presents an opportunity. Because when he gets the boot, you will wish you owned MCIG and other domestic cannabis stocks.
BubbaInSC, you may be right
It's a matter of trust with MCIG, you either have faith they are progressing in the right direction, or not.
Whatever they are doing, you can't dispute the EPS difference. If TWMJF is so awesome, and situated in the perfect political climate to succeed, then where are the positive results?
I'd rather buy the MCIG lottery ticket, then a $5 billion market cap hype stock. Just a personal preference, but we'll see what happens.
GV, Congress needs to change the law, period...
It's the only solution. Call your Congressman.
btw, it's fascinating to track the stupidity of marijuana's current illegal classification.
1) When Congress first classified MJ as an illegal substance back in 1970, they admitted they knew nothing about the substance, so 'The Shafer Commission' was created to research the plant.
their work is still the most comprehensive review of marijuana ever conducted by the federal government.
2) President Nixon was staunchly anti-marijuana, and tried to stack the commission with over-zealous 'drug warriors'. It didn't help:
After reviewing all the evidence, these drug warriors were forced to come to a different conclusion than they had at first expected. Rather than harshly condemning marijuana, they started talking about legalization. When Nixon heard such talk, he quickly denounced the Commission -- months before it issued its report.
3) Nonetheless, Nixon thought he knew better than what the facts were suggesting.
He warned Shafer that the Commission would "look bad as hell" if it came out with recommendations different from the direction of Congress and the President....Nixon warned Shafer that he "had very strong feelings" on marijuana. Nixon and Shafer also discussed Shafer's potential appointment to a federal judgeship.
4) If it was up to the Shafer Commission, a.k.a, the experts assembled to objectively examine the facts, marijuana would likely not be illegal. So the current state of affairs is 100% dogmatic Nixon stupidity.
... in the end, the Shafer Commission issued a report that tried to correct the "extensive degree of misinformation," to "demythologize" and "desymbolize" marijuana. They reported finding that marijuana did not cause crime or aggression, lead to harder drug use or create significant biochemical, mental or physical abnormalities. They concluded: "Marihuana's relative potential for harm to the vast majority of individual users and its actual impact on society does not justify a social policy designed to seek out and firmly punish those who use it."
Italicized portions found in this article:
https://www.alternet.org/story/12666/once-secret_%22nixon_tapes%22_show_why_the_u.s._outlawed_pot
MD-420, Here is an example of Canadian MJ stock overvaluation:
Take Canopy Growth Corp (TWMJF), for instance:
Price appreciation since 2016:
Jan16 - $ 2.00
Jan17 - $ 7.00
Jan18 - $28.00
This company now has a $5 billion market cap, with an EPS of negative $0.12.
MCIG has a market cap of $100 million, with a slightly positive EPS of $0.01.
If the market afforded the same valuation to MCIG as it has to Canopy, MCIG would be a $12 stock.
Which one would you think has the higher potential? Either Canopy is gonna crash, or MCIG is gonna sky-rocket it seems.
Problem with Canadian MJ stocks is:
That ship has sailed, and pretty much all the big gains have already been made. You may as well buy Dow over-priced junk like CAT or BA and hope the market remains delusional until you get the chance to sell to the next sucker.
The appeal of MCIG, and select micro-caps, is that 64% of Americans disagree with Jeff Sessions, who is from the generation who still doesn't understand that 'Reefer Madness' was a propaganda film, and probably still thinks Vietnam was a good idea.
Here is how to make Jeff Sessions irrelevant
Congress MUST finally remove MJ as a 'Class 1' Controlled Substance. Then Jeff Sessions can go back to ignoring the big problems like the Clinton crime family, and the rampant abuses of the pharmaceutical industry.
But wait, maybe this confirmed racist dwarf has a point, remember back in 2014 when he said this:
Jeff Sessions: Marijuana Can't Be Safer Than Alcohol Because 'Lady Gaga Says She's Addicted to It'
Really jackass? is that the depths of your legal reasoning?
Congress, you had the right idea back in March, now pass this thing already:
H.R.1227 — 115th Congress (2017-2018)
There is one summary for H.R.1227. Bill summaries are authored by CRS.
Shown Here:
Introduced in House (02/27/2017)
Ending Federal Marijuana Prohibition Act of 2017
This bill amends the Controlled Substances Act to provide that the Act's regulatory controls and administrative, civil, and criminal penalties do not apply to with respect to marijuana.
It removes marijuana and tetrahydrocannabinols from schedule I. (A schedule I controlled substance is a drug, substance, or chemical that: has a high potential for abuse; has no currently accepted medical value; and is subject to regulatory controls and administrative, civil, and criminal penalties under the Controlled Substances Act.)
Additionally, it eliminates criminal penalties for an individual who imports, exports, manufactures, distributes, or possesses with intent to distribute marijuana.
The bill does, however, make it a crime to knowingly ship or transport marijuana into a state where its receipt, possession, or sale is prohibited. A violator is subject to criminal penalties—a fine, a prison term of up to one year, or both.
Jeff Sessions is not the AG of Canada
His medieval opinion therefore should have zero effect on Canadian cannabis stocks.
Why they went down at all today just shows the utter irrational nature of the market.
And this market is perhaps the most irrational ever witnessed in world history. Think about it, we have imaginary units of money selling for $14,000... things have never been this stupid. :)
BubbaInSC, good point
They absolutely should.
Thanks TinMan
"Cities exercise this authority within their boundaries (known sometimes as 'incorporated areas' reflecting the notion that residents voted to form/'incorporate' the city). Counties exercise this authority in the areas not within cities (unincorporated areas).
This seems to suggest that incorporated areas, within Kern County have the sovereignty to ignore/abide with county regulations.
County regulations preside exclusively in areas that are not 'incorporated'.
Sound about right?
RSI means Squat
Sure things can reach severe oversold under 30 and even stay there for a while. Or bounces can happen at RSI 50.
Conversely, APPL has had an over-bought RSI over 80 for about 30 days, are you going to short that?
As usual, what is your point?
Oh yeah, that SeekingAlpha article really nailed it
Note that MCIG was around 3 cents at the time. What a prescient call.
Wow, that's brilliant Arthur Anderson
Do you have any other accounting advice on what's 'overvalued' in this market? How about virtually everything?
Also note that at least MCIG is at least talking about potential financial progress:
mCig, Inc. Announces Preliminary Record Numbers for Third Quarter
1 day 5 hours 13 minutes ago - DJNF
mCig, Inc. Announces Preliminary Record Numbers for Third Quarter
Best quarter in corporate history; 1.3mil in revenues
HENDERSON, NV--(Marketwired - Feb 6, 2017) - mCig, Inc. (OTCQB: MCIG)
-- Net Sales increase to $1.3M, a 546% increase year to year comparison and
a 204% increase from previous quarter
-- Net Income of $845K with an Adjusted Net Income of $118K is highest in
company history for single quarter performance
-- Cash position increases for third consecutive quarter with $341K
generated by operating activities
-- 4.3:1 Current Acid Test Ratio signifies healthy company with strong
ability to pay current liabilities
BubbainSC, in case you didn't know
The whole stock market is based on fictional numbers and exuberant valuations. This is thanks in part to suspension of mark-to-market rules in 2009. So, once again, what's your point?
JimmyG, you never lose
taking a profit. For all we know this could be take to $0.03 tomorrow.
Hi Bubba, Sorry, I'm new here but what is the point ? They signed away the trademark rights, but this is unrelated to whatever financial remuneration that may have been given? (Sorry, I am not sure about the original arrangement) Did Rosenberg lie about still owning the trademark? Certainly it is public information that mCig then acquired VitaCig in June 2016?
Sorry, I am missing the scam, please explain?
mCig Acquires VitaCig Business and $3.95M in MOQ Contracts
[Marketwired]
MarketwiredJune 27, 2016
HENDERSON, NV--(Marketwired - Jun 27, 2016) - mCig, Inc. ( OTCQB : MCIG ), a leading distributor of technology, products, and services in the Cannabis industry, recently filed an 8K announcing the acquisition of VitaCig, Inc. ( OTC PINK : VTCQ ) e-cig and CBD business. VTCQ recently announced the acquisition and merger with Malecon Pharmacy, Inc., a premier anti-aging pharmaceutical company. MCIG acquired the original VitaCig business, while maintaining approximately 10% non-dilutable interest in VTCQ.