Any stock I mentioned, post my opinion about or my DD is not a recommendation to buy, hold, or sell. Trade at your own risk.
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This is exactly what happened today...
Great 1st post MADDSTACKER! Welcome to NGCG!
Not TRUE! MMs would just drop the price to your stop loss order and take the shares. It looks like inexperience trader has followed your advice today.
NEVER POST A STOP LOSS ORDERS ON OTC and even on NASDAQ!!! Only people who want to steal your shares would advise you to DO that. The MMs are also appreciate such orders, it's the same as to give a license to steal.
You're absolutely right - the deal is closed. My understanding is that some logistics are still being discussed, otherwise why all key management would fly to China again?
Thanks HorT - you've posted many great posts here.
This is my opinion only: this what's happening now:
1.Manufacturing product cost $$.
Although NGCG is very frugal and Monster Marketing is not only generating the revenue, but also packaging and marketing without cost to the co. Still additional funds are needed to manufacture and launch the products.
2.This is a very important agreement and it takes time to negotiate all details. This is not the case when the speed is more important than careful reviews before closing the deal.
3.In the meantime NGCG is launching new products, collecting more revenue and lining up vendors for high volume production.
4.The current longs (including myself) are already loaded and over loaded. Some have accumulated MMs (in plural) of shares.
To move the pps up we need new investors. My guess is there are lots of whales and elephants eyes are watching NGCG. They're more risk adverse and willing to pay higher pps when NGCG get all i's dotted and t's crossed.
Personally I'm also tired of waiting just like everybody else here, but at this time I still feel it's worth the wait.
IMHO we're pretty close to a big finale fireworks.
DITTO! THANK YOU FOZZIE! GLAD YOUR POST IS ON STICKY now so everyone can easily find it.
HAVE A GREAT HOLIDAY!!! Relax and enjoy it with your friends and family!
That is true. With more buyers and strong hands it would be harder to do.
We made triple bottom yesterday, so technically, especially with the great fundamentals news, it's unlikely that we'd dive into sub-penny again.
Those, who are flipping at these sub-penny profits may live to regret it. I'm sure some of them are regretting already.
It's pretty good for starting a recovery. 0.01 was a big support which became a big resistance. Now it's back to being a support.
Next step - we need to get over 50MA (0.012). I like the current ask at 0.0125.
Chart: Bullish Engulfing - VERY BULLISH! On 4.6M Volume - looking good!
We made triple bottom! Ready to build up this huge cap!
Thank you for your research!
Where did you get an idea that they are going to sell only tea tree oil? Sorry you misunderstood. Tea Oil would be in addition to other products.
That would move the pps way up!
No doubt! Besides many good news are coming...
I believe we will Hammer!
Spot on! Neither did I.
Once again HorT - YOUR DD IS AWESOME! Every serious investor would want to review your multi posts quoting facts from the Conglomeration Partner's WEBSITE!
HorT took a lot of time and effort to go through Google translation from Chinese to post all this info for us in the MULTIPLE number of messages!
THIS IS JUST ONE OF THEM:
HUBEI Company Facts from Chinese:
Agricultural Science and Technology Co., Ltd. Hubei Yan (Yan called the company) is a collection mushroom research and development, production and sales as one of the provincial agricultural industrialization of key enterprises. She is located in the birthplace of Yandi Shennong --- Suizhou, the company was founded in July 2010 with a registered capital of 60 million yuan, covers an area of ??608 acres, since the purchase of acres of forest near the mountain. Now a total investment of 1 billion yuan, more than 600 employees, including college education 135 people, Dr. 5. The company planning a total construction area of ??380,000 square meters, planning a total investment of 2 billion yuan, annual output will reach 10 billion yuan.
Good for you!
YES, and all the selling MMs are racing to up their bids against each other. 40M volume spells a lot of interest and a lot of buyers are grabbing the oversold stock.
Good for you! Welcome to the board L4W!
Funny - now all of the 4 sellers have raised their bids to 8. CSTI wants to buy 900K back. It looks like they would have to raise their bids again.
Ha-Ha - now NITE posted a 1M bid at .0074. CDEL,ATDF,ETRF keep raising their bids and jump above NITE.
Yes, I agree. The good thing is - he's gone.
I wouldn't be surprised, if we'd close green today.
Now all those MMs that were selling in the 6s want to buy back at 7s.
Right - we've got great news! My take is someone, who's been shorting all these months is manipulating the stock to cover.
MMs see the news and also want to cover and also fill their buckets with plenty of shares. The volume speaks for itself over 23M by 2pm.
I hope we'll hear from Des soon to stop this senseless sale.
Now once again NITE put a 1M ask and immediately took it down when 213K where bought. They keep playing this well coordinated game. Unfortunately some selling into it.
Yes, somebody is gobbling up all these super cheap shares.
That is for sure! I've been watching L2.
CDEL is putting fake 9M - 10M asks and than immediately taking those down. What they're achieving is scaring investors into selling.
Good to have your confirmation Hammer!
dare, you'll never convince him, but your information is very valuable for investors here.
Makes total sense to me.
AWESOME DD! THE PARTNER IS LEGIT!!! THANK YOU daretodream!