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given every reason in my previous post and this going at highs of the day, no reason it shouldn't absolute surge into close for another pop tomorrow.
Reasons for this pop and why it could continue.
other then the chart being well set up for this the last few days before the breakout and then again holding its RSI on the initial pull back. The reasoning i can see from this is a few pronged.
1. they diluted enough last quarter to cover several quarters of operations if they were making zero profits.
2. they announced they released the product which helps 1. even more as they will have profits on top.
3. They announced their new loyalty program but more to the point the emphasized twitter and Facebook and using their data to be a more universal company which brings them into tech side of of marijuana.
4. 2018 will be the year of weed the sector as a whole will rally this is extremely depressed and has a history of huge runs that put the current to shame still.
5. those previous runs had far less real facts behind them meaning this could be larger.
First decent shake out let's watch and see how much the bid builds
Guy, I've gotten 3 different CT messages already this week don't expect an announcement saying that we are now launching.... expect "we launched two weeks ago and have sent 100,000 deals to be the way it is announced, this is the run from their launch
wouldn't think for a few more days, it isn't needed to keep the rally going. Also i have gotten 3 texts from 3 different dispensaries in the last 6 days so they are pumping up their activity on schedule.
IMO the big pops are still yet to come this week before some sideways after that and retracement.
lol spot on.
Just to give the lot of you piece of mind, their arrangement with dilutors per their 10Q is any shares issued to them they can't sell for 6 months.. so the 500 million they diluted in 3Q can't even start to be issued until mid-late January and most of it was back loaded meaning feb-march. So lets see what this can do.
if this starts finding some air pockets and jumping more then .0001 before it runs into resistance even i will be a believer of the run.
well its spiked like this several times in the last few months and did nothing every time but go back down. lets see how your dice land this time folks.
Rs then another 80% crater as they release 5x more shares then are currently trading
100-1 odds that the next update touts the success of another 80 dollars made doing a one time job for DrHempMds which doesn't have a search result older then 2 months.
you will never get an update state law. not a real company just sucking shareholder funds, they have no product, no release, and no pr wing. they rely on this board to pull in a few million shares of dilution every day to keep the 1-2 man operation going.
same deal they offered for months, its not a deal either its what they are offering on their own site. even their cyber monday deal has ended with the website they ran it with. They are doing 1 deal a month max now and nothing even mentioning Colorado or repeat business with companies.
some legitimate reporting would be useful, i've bashed this as much as the next guy, but the one key piece is no one can has shown a link of their texts from livwell or any other dispensaries for months. enjoy the trip
when they release a product and talk about recurring revenue instead of a small time random website sale once a month i think then it could come down. as for now they are full of hot air and haven't shown any profitability. That being said the chart is in their favor if they don't dilute for 30 days
They had over $250,000 worth of dilution in one quarter, if anything they are going to go the acquisition route again. their yearly burn rate is less then that and they already diluted far more then they needed for this year. either they will keep diluting and pay themselves or something big is coming. I would give even money to both on a bet.
That was never in my message they need a saturated market to have a chance at making a market for themselves
I slight this stock as much as anyone but you just said that in long standing legal states shops are everywhere (elbow to elbow), how do you think they become more competitive in a saturated market, by offering incentives and by advertising, offering deals through their own front and third parties.
So much first level thinking on bear and bull side.
Lol good come back happy thanksgiving
Per their 10Q on page 22 They raised over $293,500 through dilution of shares. that is an incredible amount both diluted and raised. for a total of 518 million new shares on the market. again per their 10Q page 22.
now this is share price crushing dilution, however, that is already factored in with the depreciated share price and that amount raised in one quarter says that either they are going to stall dilution for a while to get the share price to bounce back up or they are going to announce acquisition or expansions.
The stock price has behaved well for almost a month with minimal forced selling. looks to me like you bulls might have a few weeks of appreciation in your future.
they announce they have a revenue stream now and are expanding to additional areas with concrete description of the expansion..... pretty much the only way.
The only way this becomes multi pennies (the rest of the pot sector is already flying) is if they release their product ASAP and announce that they have $XXXX amount deals already signed on for, that puts it on the way to profitability. Saying that this will be worth 10's of millions or much more for the valuations I see pushed here without an update is fool hardy.
As he proceeds to harass me now quality guy, only sees what e thinks and everyone else is a liar and a fraud
Right here sends those out to everyone.
So they are saying Alpha before the end of the year, that is great just tell us how many blasts their beta partners have agreed to do as part of the alpha?
https://fintel.io/doc/www.sec.gov/Archives/edgar/data/1417028/000144586617001643/mjtk_ex99z01.htm
In what way are you getting close, they have announced nothing substantial since the 10 billion raise months ago, hoorah a $50 commission of an ad lol. This goes no where till they prove they are still a real company and this makes
Money
No the opposite, you are confused. When he R/S lets say 10:1 the 12 billion O/S becomes 1.2 billion which is roughly 2/3 of where we are now much more controllable. He will still have 1 billion shares to dilute (current a/s 1.8 billion shares and will become 180 million in my scenario) in order to dilute and get money they need to be able to for lack of a better way of saying it dilute. at .0001 they can't sell shares to anyone. but after an R/s at .0007 now they are at .007 and dilution of 500 million shares and an 80% loss in stock value still leaves them at .0024 with more dilution to follow.
see how this works create tons of shares, R/s them to less shares, and carry on as a going concern and your pay doesn't change. the share holders pay most certainly changes unless you manage to 6x the value of the company to offset the dilution.
They need an announcement of recurring monthly income from this product that is meaningful even $10,000 will do or this isn't going anywhere higher.
See everyone that says an R/S isn't going to happen is either willfully ignorant, new to this, or intentionally acting uniformed.
updates have done nothing for this companies stock price, if everyone wants to make some of their money back, they need to announce substantial say $10,000 per month recurring revenue and growth promised from there.
Shares outstanding up to 1.83 billion per td Ameritrade today
by this logic right here anyone negative on a stock shouldn't post and this should just be a love fest, not helpful either. trying to run off competition instead of taking them down point by point like some try to do is dumb. beat them don't silence them.
i'm not long this stock and i have posted about why i'm not anymore after a loss just as a disclosure. moved on to happier environments with real products. but this is always a board worth checking as it houses so many new traders.
Here you go
http://quotes.wsj.com/MJTK" rel="nofollow" target="_blank" >http://quotes.wsj.com/MJTK
1.69 Billion as of now
hows the dumpster fire going class?
lol hateful incoherent response, enough said
10 billion is available and will be in the mix whenever they decide to. pay attention to news releases before you flame. also when they release the 10 billion they will 100% absolutely guaranteed do a reverse split to bring the number down to a manageable level and bring the price up to a point where they can dilute. Keep living in your fantasy world of MJTK Pennies without a reverse split. I'll hang out back here in reality.
100% agreed but lets be honest it isn't getting smaller. they didn't increase o/s by 10 billion to buy back shares.
have a feeling the updated share count will be hilarious when it shows itself should be in the 2.5 Billion range (so that they can release their product wide (HAHAHAHA)) only 9.5 billion to go after that.
oh in that case then they aim to please, just hold tight.
5$ with 12 billion shares, $60 billion valuation good luck on that. 5 cents is a $600 million dollar valuation off a company that makes 50 bucks a month, its a joke move on.