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DAM EV! what are they paying you, $3 per post?
EDDYF (EDDYD) just did a 1/8. I may have to short that ticker at $.16 My daughters agrees when she says "mommy why do you always say people love to lose money" I say because they do.
Cannabis to energy to real estate? what next? MUSHROOMS!
I see the website has no items for sale. Oh well
Make Hunter Biden the CEO but he would use all the merchandise instead of selling it.
Stockstobuy, He never bought shares, he's a pumper that posts he's glad he bought shares to get others to say they also should have. He owns no shares in the company. It's just marketing the doomed shares to make a few bucks before they are worthless.
Your 100% wrong again. Not really the truth. A CEO like anyone else can buy on the open market. But the CEO can then put out a BS press release and sell those shares at a higher price. Or flood the market with shares they currently hold. So let’s stop feeling bad for Gunther and show how he is benefits from his lies.
This is the problem again with sub penny retailers who just don't know the facts.
1) If the CEO buys shares and then resells them higher the CEO has to fill out forms with their intentions. If the SEC does not get those documents the CEO is arrested for insider trading. Since GNGR's CEO has no record with the SEC of that action the CEO would have been arrested.
And further proof your assumptions are wrong thus proving you need to know the facts. Also during the time you say the CEO sold shares higher, the shares never went higher so not sure where you are getting your data from.
2) If the CEO did flood the market with shares as so claim (False with no proof) you would see the float rise above the current level that hes not happened, meaning no flood of shares sold to the market that would have shown in the increase to the float.
SO back to my previous post, you need to know the facts and stop guessing and trying to be SAVVY when you have no clue how the markets and rules work as proven by your 100% incorrect assumption posts that are all 100% wrong.
Who is feeling bad for the CEO? Who are you addressing your issues to, other IHUB retailers who also are clueless about the markets and how they work? Good audience.
He just posted the other day and said "Affiliation" Learned. The previous post said affiliation KAY, I'm guessing Learned is a company or ??? Kay HR said he is no longer with the company.
I am trying to find Curtis Higgins who wrote that, if anyone knows him or if he posts here send me a PM
You are aware that when you buy shares on the open market the money does not go to the company or the CEO. That is the issue with the OTC and the sub penny players, they have NO clue how the markets work. The only way a CEO makes money is;
A) They earn it (Like GNGR does) by selling products not shares like a pump and dump does.
B) They are a pump and dump (That GNGR is not) that sells debt for shares and dilutes the float.
So please learn how the markets work before you look foolish stating what you have no clue about. So sad how everyone thinks they know it all when they know very little.
We worked with GNGR's CEO with no problems. What is it you are referring to with the WTF? Have you called or emailed the company your concerns or issues? IHUB is not the place for news or advice or answeres. IHUB is where the low lever investors hang out to bitch and make assumptions out or hysteria not logic. But that is what each one has to deal with in they're own way.
Better then a PO Box like most OTC tickers.
The POT delivery cars "Bud Cars" did not exist, they were photoshopped VW's. Google BUD cars and you only see 4 images of cars that did not exist except on the desktop of a graphics designer.
One of my partners just called, Grant is alive and well.
Last time we met him he was OK. Here is his contact info.
www.GUGR.com
+1 631-413-5813
gunthergrantinfo@gmail.com
I do not think FINRA will approve another forward split. But my guess is they just reverse merge into a new ticker.
I think he was looking for a CEO but so far none have proven they can even get off a chair let alone get out of a basement. I think two people did want the position but they also wanted $100,000 salary or something like that and had no way to get the company moving or bring in capital.
Every one wants to be a CEO and own a public company but no one understands how the markets or being public even works. Well maybe a few but they are too smart to get involved in the OTC since it is so corrupt.
I think GNGR is still looking for a CEO but they are not easy to come by unless you look at who is incarcerated by the SEC. If you or anyone wants to be CEO send him an email or resume. Maybe someone who is familiar with the jewelry industry
Stockstobuy, You just said it all! Since every ticker has that disclaimer you just hit the nail on the head.
Investors are stupid who buy into these 1,000's of hot pumped tickers with the same disclaimer meaning all investors are stupid. Now you get it.
Investor’s money does NOT go to the company, all these 1,000's of pumped stocks are all run by the same source and making billions for only and few.
These pump and dumps are no better then a lotto ticket, they are worse because they are set up so invest CAN’T win! It’s not a true investment strategy; if it WERE a strategy they would buy $1,000's worth of stock not just $100.
As I have said before, Investors are not mad they lost $100 they are mad they lost the DREAM of turning $100 into $1,000,000 so they blame the CEO for them losing $1,000,000 not $100.
These pump and dump schemes know full well when you invest $100 that investors will have spent $1,000,000 in their imagination. Once they allow that dream to settle in, they kill the price knowing the dream will not ever happen unless you buy MORE shares to cost average to keep that dream close, as the shares drop more shares are purchased to regulate the dream to become reality by closing the gap with cost averaging.
The fact is more of investor’s money is not going to the company so how can that dream be financed if the company gets NONE of investors money?
This was posted in their news release.
Jonathan Foltz and Matthew Lally's union under the Bergio umbrella heralds a watershed moment for the company as it embraces a new era of technological integration and A.I. advancements.
the umbrella is a way that the company issues free trading shares to someone who puts some asset (AI) into the company. That new person then creates websites pumping AI with no reference to jewelry or BRGO's issues. Since investors never look at data, 1,000 will jump on the new BRGO AI news that only focuses on that and nothing else. The umbrella scheme dumps 100,000,000 shares for $1 and the umbrella is closed up and the AI link to BRGO is eliminated.
Umbrella is a now term that allows the company to issues shares to a 3rd party who then pumps them privately and not as a company affiliate. Umbrella is used when they company can no longer file for a new ticker or file with FINRA new changes due to the structure of the company. So they switch to the umbrella that is similar to a merger to a new company when its just an addition that makes new investors think its is an AI company when it is not.
In fact most of you wont even see the new marketing that is probably already being sent to new investors with the HOT new AI interest.
I see BRGO is moving (merging) into an AI (Artificial intelligence) scheme. I bet a friend it would be either AI or the new MUSHROOM farm merger.
So like always I am RIGHT yet again.
I don’t buy into these schemes they are used shares from non company associates that are just selling the shares like used NIKES as a flea market.
They had to do a huge reverse split so they can change the float to 100,000,000 and sell off $1 shares to the new AI suckers. They will raise $100,000,000 then add debt and 10,000,000,000 more to the float.
Once the AI pump on the new low float starts I will jump in and short the shares and buy them all back for $.0001
And the sad part is YOU all will still buy the shares.
My jets are just fine. Please post the actual 10Q he lied on and for that matter even if he DID not lie and did not dilute the shares, they would have never risen up anyways.
Legitimate companies with higher share prices are of no interest to retail bottom feeders who only want shares at under a penny so they can to keep believing they will turn $100 into $1,000,000.
As long as SUCKERS keep paying for shares that the company is not even selling that have already been sold for debt (Used shares), investors will continue to lose money and I'm staring to believe they LOVE losing money just so they can say they were right when they say the CEO is a crook and scammer.
Imaging that! Investors can't say they were right when the stock goes up because it never does so they claim victory being right as the stock tanks to $.000001.
I can't imagine but now it looks like a fact, Investors buy $100 in pump and dumps knowing it will drop so they can say HA I KNEW IT!
Crazy investors.
Stockstobuy, PLEASE post ONE lie not from your interpretation or what you think you read or heard but an actual document written by BRGO that shows that lie.
Also you have to find what BRGO wrote that does not have the disclaimer and why they post those disclaimers.
Mainly for legal reasons, public companies publish some kind of warning in their brochures and on Internet sites. The objective is not only to explain to the investor the nature of the risks involved in the particular kind of investment being offered, but also to ensure that there can be no lawsuits if things go badly. The warnings are either in a separate Internet link, or printed in additional pages
Some of BRGO’s disclaimers include;
Forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors.
The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 (the "Act") protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
IF BRGO says they WILL make $50,000,000 in sales, that can be true even if they plan on that figure being achieved over 2,000 years, they don’t have to post the time it will take and because it has not happened yet they are protect by the safe harbor laws.
If they posted they DID MAKE $50,000,000 in sales, they must then prove it as a posted fact that has happened.
If BRGO says they plan to expand to 10 more stores and each one WILL do sales of $10,000,000 it won’t matter because they would have to first open the 10 stores and by not opening them they can say they won't be able to make $10,000,000 each store because they don’t exist.
It’s like me saying I will be able to mine $500,000,000,000 in diamonds from the surface of the moon but if I can't get there how can I make that happen?
SO with that PLEASE post an actual LIE that does not have the safe harbor disclaimer.
He’s not stealing or the SEC would have had the DOJ arrest him. He stole nothing. Investors handed him their money reverse split or not. He did not force anyone to give him money and he stole nothing.
The money was handed to him by people that were told YOU would probably lose it all.
Saying in the disclaimer you will lose all your money and you still invest.
YOUR FAULT!
If he does a LEGAL reverse split one or 20 times and people still buy into the stock,
YOUR FAULT
If he said he tried and failed, failing at business is not illegal and CEO’s are allowed to take a paycheck even if they don’t do anything. He said give me money that you will likely lose and people said OK.
Welcome to the OTC penny stocks.
I get it your mad and that is not because of what BRGO did, it’s because every investor is frustrated that every dam ticker they buy into flops and they lose money on. If everyone just said NO MORE and stopped giving money to someone that says I have a plan it may not work and you give him money its buyer beware.
People won’t stop buying pump and dumps same as they will never stop buying lotto, but you have to know you would NEVER spend $10,000 on a lotto drawing because you deep down know it won’t win but $1 is not a risk but you know you will still not win but you can dream about it.
Same as people who buy $100 in these tickers, it’s a lotto play. IF they truly believed the company would do what they say, you would have seen many buy $10,000 worth but they know like lotto it wont happen.
The problem is, OTC tickers are a lotto play and the proof is the biggest complainers in these pump and dumps are those who invested $100 or less. The reason those that spent $100 are pissed is because they thought those 1,000,000 shares they paid $.0001 for would go to $1 so they are not mad they lost $100 they are made the lost the potential $1,000,000 dream.
No one dreams about what they could have done with $100 but they do when they dream they could make $1,000,000, that is why people are pissed, the dream is taken away. New house, cars, vacation or retirement. You cant dream that with $100 on the night stand so you invest in what remains a dream, the imaginary $1,000,000 that never arrives except in your dreams.
Until investors change the markets will not change either. And NO investor wants to NOT get in on the next HOT ticker just in case that one does hit it big and whey they never miss a lotto play each week.
I hate to say it but you have better odds playing $1 lotto to win $200,000,000 then you have investing $100 into an OTC ticker that says to the moon!
Stockbuy, He is NOT taking any ones money! Investors are giving it to the debt investors WILLINGLY and they can read on the disclaimer that they will likely not achieve the goal and investors can lose all their money.
He is not a crook or criminal and broke no laws. When investors keep buying shares and the money is NOT going to the CEO or the company they have to know they are tossing their money into the pockets of others not affiliated with the company. Read my last two posts and stop blaming the CEO, the only ones to blame can be seen in the bathroom mirror.
This is 100000% the investors fault not the company not the CEO.
Definition: ALL the money investors pay into these tickers, NONE of the money goes to the company, you are giving it to a private individual with no ties to the company.
OK. If people know ALL the stocks they are buying into that none of the money goes to the company you think they would just HOLD off on buying. These stocks are a lotto play not an investment strategy. They play just to gamble and know full well they will never win. If they thought for one instance they would win on any given ticker they would invest $10,000 not just $100.
3cents, it's really not a tangled web, it's just 3 or 4 people running the scheme with Jimmy being the least paid. Hes just the patsy CEO who makes very little to issues shares to the debt investors. I posted this over on another ticker page, Maybe this will sink in the reality of it all.
There is no limit to the shares that can be issued to the float.
The company puts fake debt on the books.
Debt investors agree to pay $20,000 in debt for 100,000,000 restricted shares
As the shares are diluted to the float, the debt investors pay less and less for each 100,000,000. As the shares drop the float increases and the company CEO keeps the debt payments and does not use the money to help the company.
The debt investors file 3(a)10 to have those shares made free trading
The shares the debt investors now own that YOU are buying, are NOT owned by the company. You are giving you money to a private individual not associated with the company!!!!!!
The SHARES YOU ALL BUY, none of your money goes to the CEO or the company. You are buying shares that have no longer a link to the company.
That is why all these TICKERS drop to red red red.
As long as retail suckers keep buying these stocks thinking it’s going to the company to make their scheme plans work, they will keep having shares to sell.
As long as there is debt with no limit to shares, the float will rise and the stock will fall.
The company says they are going to expand but the money you all invested does not go to the company.
Can’t you all see that when these stinky pinky’s raise $50,000,000 or more you never see the money on their financials because the company did NOT get the money.
Am I the only one who sees this?
ALL YOU INVESTORS who are buying shares, the money is NOT GOING to the company! AND the CEO's are all in on the scheme.
Get it through your thick heads. GOOD LORD!
There is no limit to the shares that can be issued to the float.
The company puts fake debt on the books.
Debt investors agree to pay $20,000 in debt for 100,000,000 restricted shares
As the shares are diluted to the float, the debt investors pay less and less for each 100,000,000 as the shares drop the float increases and the company CEO keeps the debt payments and does not use the money to help the company.
The debt investors file 3(a)10 and have those shares made free trading
The shares the debt investors now own that YOU are buying, are NOT owned by the company. You are giving you money to a private individual not associated with the company!!!!!!1111111
The SHARES YOU ALL BUY, none of your money goes to the CEO or the company. You are buying shares that have no long a link to the company.
That is why all these TICKERS drop to red red red.
As long as retail suckers keep buying these stocks thinking it’s going to the company to make their scheme plans work, they will keep having shares to sell.
As long as there is debt with no limit to shares the float will rise and the stock will fall.
The company says they are going to expand but the money you all invested does not go to the company.
Can’t you all see that when these stinky pinky’s raise $50,000,000 or more you never see the money on their financials because the company did NOT get the money.
Am I the only one who sees this?
ALL YOU INVESTORS who are buying shares the money is NOT GOING to the company! AND the CEO's are all in on the scheme.
Get it though your thick heads. GOOD LORD!
Besao, quick reply.
1) How about you come back to me when they DO get FDA approval for the cancer cure and not FDA approval on the method of its delivery (Oral or by injection) I can get DA approval for a new way to dispense water from a bottle its that easy. Show me the FDA on the cancer cure or treatment then well talk about that.
2) The ONLY way debt shares are issued that is the ONLY way shares are diluted and drop in price is due to DEBT 3(a)10 rule that allows someone who pays debt to get what ever amount of shares they want so they can dilute them for less then the bid and add to the float killing the price.
Get rig of 3(1)10 so you cant get shares free traded when paying debt and the OTC will lose 5,000 or more tickers the next day. But the OTC charges $10,000 annually for each ticker so they would lose in revenue $50,000,000 annually and the 5,000 pump and dumps would lose about $100 BILLION annually combined in sucker stock buys from 100's of millions of sucker retailers.
With that much money on the line, Regulations will never change.
GoSing, it was a type-O, It was 450,000 not 450,000,000, but you just made a point to all my other posts. I made a mistake and put 450,000,000 and you jumped on the BS wagon.
Here is my point.
What I find funny is that when a debt scheme pump and dump ticker posts that once they get FDA approval for a new cancer drug that they will generate $450,000,000 in sales or that their lithium mine will be bought out by Elon Musk for $450,000,000, everyone jumps into the shares believing that but when I (By accident) posted I sold 450,000,000 not the truth 450,000 you did not hesitate for one second to cry FOUL!
That point you and I both made public proves my point. Any OTC ticker can post a lie but unlike my mistake I posted as a fact and that caused you to say BS! If I had posted it this way you would not be able to say that.
"Our anticipated holding of 450,000,000 shares will likely be sold to generate significant revenue for us. We could generate massive wealth by possibly selling those shares once accumulated."
Then I would have put the disclaimer.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
What I find interesting is that investors will JUMP on what they are told could happen and avoid what they believe that is the same BS but mine was a mistake that did not affect you or others while the company BS was by design to get investors to say WOW they may do $450,000,000 in sales, quick where is my checkbook!
And unlike my post with no disclaimer, the debt pump lies are protected. The fact is you will never find ONE of these tickers say, we do not need a disclaimer because it is a fact we WILL make $450,000,000
SO your post and my mistake and comment after the fact prove how this market works.
I agree. I told people to buy in at $.014. I sold half my 900,000,000 for double my investment and holding the other 450K.
NWBO is a development stage company (Means they have and do nothing) they operate out of “YET AGAIN” an office suite.
They have 1 billion shares in the float and 1,700,000,000 authorized (For now). That means they have 700,000,000 to use on debt conversions.
5 ticker changes.
They have massive debt and no cash! With no cash they have no choice but to debt dilute, take the cash and blame others to divert shareholders from a class action. Although some have and are suing the company. Seems like your typical debt diluted scheme.
As per the SEC;
SEC Files Settled Action Against Biotechnology Company Related to Unremediated Material Weaknesses Spanning Twelve Years
ADMINISTRATIVE PROCEEDING
File No. 3-19582
October 10, 2019 - The Securities and Exchange Commission today filed a settled action against Northwest Biotherapeutics (NWBO) for failing to maintain internal control over financial reporting (ICFR) for twelve consecutive annual reporting periods. In each of its annual Form 10-K filings with the Commission over more than a decade, NWBO disclosed material weaknesses, many of which recurred year after year, with insufficient effort at remediation.
ALSO! $41 million in stock options to debt dump to investors.
A Northwest Biotherapeutics Inc. Investor sued members of its board in Delaware, claiming they gave themselves nearly $41 million in stock options in an “unprecedented and indefensible” effort to offset the dilutive effects of a financing transaction that caused them “absolutely no economic harm.”
The lawsuit, made public Wednesday, alleges a “gross abuse” of fiduciary power by the directors who engineered the “true-up” deal after issuing equity on terms that equally diluted every stockholder while increasing the company’s overall value. The board members and general counsel, who also participated in the true-up, had no right “to own a specific percentage ...
Andrews & Springer LLC announces that it has filed a class action lawsuit on behalf of Northwest Biotherapeutics, Inc. ("NWBO") and minority shareholders in the Delaware Court of Chancery - Case No. 11179. NWBO is a biotechnology company focused on developing immunotherapy products to treat cancers more effectively than current treatments without toxicities of the kind associated with chemotherapies.
The complaint alleges that NWBO's Board of Directors along with its CEO and Chairperson Linda Powers ("Powers") and entities under her control -- Toucan Capital Fund III, L.P., Toucan Partners LLC and Cognate Bioservices, Inc. ("Cognate") -- breached their fiduciary duties by causing the Company to convert some of Cognate's outstanding invoices and future invoices (for prior services provided to the Company) into NWBO equity at an unfair price at the expense of the Company and minority shareholders.
Paying off debt to convert to debt shares to sell cheap, that was a company action not the MM's.
Any of the news about this being the market makers fault may be true but the company set them up to debt dilute. I thing the company is just blaming others for actions they did to get sympathy from investors to prevent another class action while the company unloads more shares to get out before they ticker is deleted.
Its ALL ABOUT self enrichment nothing else. https://nwbio.com/Stipulation%20of%20Settlement.pdf
Are the market makers largely incentivized to collude with each other most of the time or do they sometimes try to fool each other to make more money?
From what I know, if any broker, market maker or debt dilution schemer deflects from the norm and tries to fool another MM or broker, they will be cut off from the pump and dump money. If a market maker does fool anyone in the group, brokers will not buy debt shares from that market maker and the ones selling debt shares will not sell to those market makers essentially putting the MM out of business. Besides there is so much money to be made there is no reason for a MM to fool others to make money when there is enough money for everyone already.
What are the qualifications to become a market maker?
If you want to be a MM on the OTC (Under $5 stocks) you have to pay $1,000 for each ticker you want to make a market in. Plus you need capital like $100,000 and fill out forms with FINRA. I don’t think it’s to hard but you likely will have to let go of your morals and enter the slimy world of the dirty markets.
Thanks
Glad I sold half my MMNFF but still holding 450,000 I still have a feeling about them.
Besao, not sure if you know the MM signals. They use these share trades to send signals to all brokers and market makers. They do not want to send emails or any recorded tracable data that can be illegal market manipulation so they instead put in buy and sell orders for specific round figures.
Also know that when you saw 100 trade the other day was not a trade at all but a market transaction that was never filled so they can send the signal 100 to other market makers. Today 300 traded but again it was not a real trade but a quote only. The other day 100 was posted meaning a market maker needed shares and today 300 that means take it down 30% so well see if the stock drops 30% then you will know more about what to look for and how this crooked market works.
When you see 600 then you can worry. I tested this and on some other tickers. I put in orders to sell at 700 and another ticker 777 and BOTH tickers moved up and I sold and made a good profit. Then as soon as the market makes found out it was not another market maker they quickly posted 300 for 3 days straight. fooled them!
1. 100 - I need Shares.
2. 200 - I need Shares badly but do not take the stock down.
3. 300 - Take (or I am taking) the stock down at least 30% so I can load shares.
4. 400 - Keep trading it sideways.
5. 500 - Gap the stock. Gap can be up or down, depending on direction of 500 signal.
6. 505 - I am short on shares
7. 600 - Apply resistance at the ASK to keep the price from increasing.
8. 700 - Move the price up.
9. 777 - Also recognized as a signal to move the price up.
10. 800 - Prepare for an increase in trading volume.
11. 900 - Allow the stock to float and trade freely.
12. 911 - Pending News/Press Release On The Way
13. 1000 - Don't let it run
14. 2100 - Let it run
Besao. if you have $100 laying around, buy DMAN (demand brands) they have low float, and not to much debt but like always, you never know. But it could be another 40% hit. 2023 DTC shows only 500,000,000 but the 248,000,000 float data is 2021.
They may try an aggressive pump to move them up so get in and and be ready to get out. Just like MMNFF. I'm into DMAN for $.0006 so I am already up but watching them carefully.
Beaso, 40% when have you ever head that was made on the OTC? Glad you MADE money. I'm holding my other 50%. The shares are just too cheap with to much upside. I would not buy at $.0001 and hold for $.0002 with SGMD, 1000's of holders with billions of shares will be doing the same and the market makers will not load up on garbage they cannot resell.
If you like many want to turn $100 into $200 by buying 1,000,000 shares for $100 keep in mind that with 10 billion in the float +- there would be 10,000 investors trying to do the same and the market makers will not buy them all.
Besides the market makers get debt shares for much less then the bid sellers so level two will keep everyone at a loss. You can take the position and say, its only $100 but when you say that 50,000 others say that and 50,000 x $100 is $5,000,000 more paid to debt holders not to retailers selling on the bid.
This is not the stock market, it’s the manipulation debt market, once you understand it and learn how to play the game that is when you will WIN on others LOSSES. It’s the sad truth.
Tren level 2 is only 100 shares and after the 100 smokescreen NOTHING! I think they are doing the paper work to set up the debt dilution! MONEY MONEY here I come!!!!
Smoke and Mirrors my friend. Only 100 shares traded to give you that false data as if the stock is taking off.
When stock start to become stale before the dilution the company associates will buy $100 worth knowing no one will look at the volume trying to fool people into thinking they missed the boat.
Also they do that to move the shares UP higher before the debt dilution so when the stock tanks, investors can say what if it goes back to $1.92 and they buy more cheap diluted shares.
If a pump and dump started at $.01 and the priced dropped people won’t think it can go hither so they move the shares UP higher knowing people will buy more cheap shares thinking they will make that much more when it goes BACK to $1.92
The bid is only $1.18; if someone sells even one share the posted price will drop in half.
MJ
Cannabis is HERE TO STAY! It’s the pump and dump scams that are in free fall that is also passing that decline to legitimate cannabis companies. When the smoke clears cannabis companies will survive that are operational while the scams are cleared out.
Tilray could eliminate debt, they have some cash but still we don't know what goes on behind closed doors. I don’t know who owns MMNFF debt or at what price point. I looked at data but did not really search debt holders in the filings but ill look today unless you know.
Debt holders may be into the warrant for more then $.03 and if that is the case they would be selling at a loss. If they do the typical give the MMNFF CEO money on 3rd party debt reduction and the CEO issues them LOTS of shares then it would look like the typical pump and dump.
One other thing to look at that I have seen happen first hand. A company I know raised capital but they knew CMGI was going to buy them out and do a stock swap. But CMGI was if I recall (It’s been decades) was at $5.00 per share. The company being bought out figured just sell what ever they can at any price because they knew the shares would be cancelled and CMGI would issue CMGI shares (is CMGI even in business any more?)
I think they sold millions cheap and when CMGI did the merger they issued one shares of CMGI at $5 for LOTS of the private company shares and then CMGI tanked to I believe $.10. That means for every $5 you invested in the private company you got back $.10. If MMNFF does know Tilray will buy them out and cancel the shares, they could just dump billions cheap knowing a stock swap will happen. If Tilray goes UP we make money, it Tilray goes down we lose money.
Of course that is contingent if MMNFF is going to fold the ticker or let Tilray buy it then merge it and cancel the ticker and swap stocks. If it were me as CEO of Tilray I would use my company assets and capital to make MMNFF expand to all states that legalized marijuana since MMNFF has all the certificates in place.
If I was MMNFF and know Tilray was going to buy MMNFF out I guess the CEO would just dump shares for exit strategy money and not care about shareholders. MMNFF CEO can just say they were voted out and Tilray took over so any issues call Tilray. That of course depends on if the CEO was not going with the MMNFF to Tilray.
If I were Tilray I would rather make the MMNFF shares rise back to $.50 from $.03 knowing if it did that I would be able to sell millions of shares for millions of dollars and expand. It’s obvious the MMNFF shares can rise up 1000% from $.03 to $.30 before Tilray will see $19 as quickly if even ever. If Tilray had 1,000,000 Tilray shares to sell for capital they are worth about $2,000,000, if they have 200,000,000 MMNFF and they rise to even $.10 they have $20,000,000 ($18 million more then their stock).
If MMNFF goes to $.50 they have $100,000,000. And I am sure MMNFF will rise up 1000% to $.30 or even $.50 before Tilray hits $19. If I were Tilray I would not toss that capital away so fast and work to make MMNFF rise and have that be easier then to try and move Tilray to $19 per share. I guess we have to just wait and see.
I know what I would do but also MMNFF and Tilray knows that many who are jumping in now at $.03 will crate mass sell offs when the stock rises creating more sellers then buyers and cause the shares to drop. Also many own MMNFF at well above $1.00 who never cost averaged down so they would have to wait and the few getting in now will be the big winners.