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Green Friday, just like the good ole days.
I plan to sell 20% on a nice run and hold 80% long term.
NTEK 5 days down . . . rebound tomorrow?
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Yes, today is the bottom, look at the Volume!
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SPLI market cap now 1/10th of mci* market cap.
This will not stay down here much longer.
SPLI will go up HUGE and FAST when the shorts decide to cover imo.
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I bought before the name change, still holding all.
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TRTC, ATTBF, TAUG, TTDZ, SPLI.
Absolutely agree with your post.
I am working on my income taxes this weekend (never waited this late before) and took a break to view some boards.
I don't have time to provide dd on the 5 I listed except some quick comments.
TRTC - Excellent CEO, will be profitable this year with veggies, expect them to get a Nevada license to grow and open a dispensary in Las Vegas.
ATTBF - They should get a controlled substance license this year and a grow license. They will be involved in every aspect of MJ rather than specialize in one area.
TAUG - Doc Greens brand in 100+ dispensaries in Cal, will expand to other states and international. Will probably make much more money from the other side of the company. (water treatment)
TTDZ - Might be too early to include this as a top legit company but with the new CEO they could end up near the top of the list.
SPLI - A vapor ecig company that will of have their products bought by MJ users also. I include them here because they are already showing a profit in their first year.
Now it's back to income tax work for me, YUK!!!
Yep, buy and hold, profits will come.
If current shares are 199 million after the 200/1 split there would be about 1 million shares.
Then issue 87.5 mil shares.
The 1 mil would then be about 1.2% of outstanding shares.(88.5 mil)
That is my understanding.
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The 5 stages of a Reverse Merger
Stage 1: This would be a dormant shell who is suddenly reactivated
Weakest one, could be a year+ before they do anything.
Also, a shell who suddenly raises their A/S or creates some new Preferred shares would be a stage 1. Still weak.
Stage 2: This would be filing a 15-12g
Still very weak, might be nothing more than someone who couldn't afford their auditor anymore, unless coupled with a name change. Or somebody who just wanted out of the expenses of being fully reporting.
Stage 3: This would be a change in officers and company address or a new website coming online.
This one is a decent place to real radar this one, maybe nibble a bit. What you want to see is the new officers have a decent track record on past business deals especially if they did a successful merger in the past.
Stage 4: would be a name change or Change of address.
(I split this stage into two groups).
A)Weaker: One's I can't find any info on new company. These I watch but don't buy.
B)Stronger: These are my favorites and where I am willing to take a chance. An exact match between the new listed address/phone and a real company who is already doing a lot of business. A company like this should be all over google. The good one's are the one's where new company name is all over google and or appears to have decent revenue. The sexier the story for the new company the more powerful.
*Now even if you make it through these four stages, Stage 5 is the make it or break it stage.
Stage 5: Final Terms and details of the merger are disclosed.
How do they structure the merger?
What percent of new company do shell holders end up with?
20-30% of new company is a dream split. 10% workable, less not usually a good deal.
Also, do they do a R/S a deal killer almost every time unless there is some interesting wrinkle or twist thrown into the deal to bring in buyers.
Bottom line until you make it to stage 5, get the answers you need regarding share structure after the merger, potential revenue going forward and get a feel whether new management is shareholder friendly....these are lotto's you throw a few dollars at hoping to get lucky. After Stage 5 you can find some life changing deals after filtering down to a few strong one's who are about to be up and running.
Credit for this writeup goes to Rainmaker.
VKML is giving current shareholders less than 2% of IGA.
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So the current market cap is 700 million?
.04 after a 200-1 reverse split would be 8 bucks.
8 x 87,500,000 = 700,000,000.00 market cap.
Is this correct?
Is IGA on the NYSE worth 700 mil to start?
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Most have no clue what VKML is about to become.
Wait for the first PR. When the market learns what we already know is when the fun begins.
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Added a few more today, many green days ahead.
Thanks for that, it's all good here.
I'll hang at 19th hole with Gregg the Greek
FUZZnBUZZ gonna be good.
I do miss your posts here ddm, wish I could join the chat but my day job does not allow.
Keep making bank.
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TRTC nice bounce off 50 + bullish engulfing.
GTRQ reverse merger completed.
Current market cap is 6 mil, per todays pr.
http://ih.advfn.com/p.php?pid=nmona&article=61774224&symbol=GTRQ
Current market cap is only 6 million.
The patents they have are worth much more than 6 mil.
Happy to have shares here at this price and looking forward to the next pr.
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09 held again, let's go red to green today.
Yes, the translation is "Made in China"
Shorts don't have to cover, but they do have to pay the dividend.
I never received a cash dividend from shorts before, looking forward to it.
Added today
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September 11th, 2015.
September 2015.
I'm gonna need a bigger boat!
Excellent DD today Walker.
This board has had the best DD of any I've seen.
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You guys had fun last night, fantastic DD
Great group of people on this board, the mods gave this to us on a silver platter and now others joining in the fun.
I think you found our Whale.
Next week will be great, can't wait for the next 8k and a PR.
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Canaboom . . . . . . . .
Citizens from all walks of life are entering into the Canabis Growing Industry! Several unknown variables, could and will cost new growers "The Farm" Let Indie Growers Union help provide you the proper Industry level tools, resources and MJ Consultants.
http://www.indiegrowersunion.org/
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Washington Pot Tax May Be Short of Hopes, Treasurer Says
By Peter Robison Mar 25, 2014 6:22 PM PT 0 Comments Email Print
Washington, one of two states to allow recreational marijuana use, may see only a fraction of the tax revenue anticipated when voters legalized the drug in 2012, according to Treasurer Jim McIntire.
Initial revenue is forecast at $20 million to $25 million a year, McIntire said yesterday in an interview at the Seattle office of Bloomberg News. The state Financial Management Office had estimated revenue of as much as $1.9 billion over five years.
“If all you read was the newspapers, you would think half of the state government is going to be funded by the lottery and by cigarettes and liquor and cannabis taxes,” McIntire said. “It’s going to take a little while for that industry to take off.”
The black market will be one hurdle, likely undercutting prices of newly legal shops, he said. Store owners may also find it hard to get bank financing, because of concern over federal laws, he said. Marijuana remains illegal under federal law, though the U.S. Justice Department says it won’t challenge the state measures.
“There are all kinds of things that are going to be slow,” McIntire said. “People in the production and sales part of this are going to need to make investments; it’s hard to get loans to do that.”
Colorado, the other state to legalize pot, has said January’s first month of recreational sales brought in about $2 million in tax revenue, roughly in line with what state officials projected. Retail pot prices doubled when the first shops opened in January.
June Sales
In Washington, retailers will begin selling marijuana around June, according to the State Liquor Control Board, which is overseeing the industry. The agency limits retail licenses to 334 statewide.
Washington’s pot producers, processors and retailers each must pay the state a 25 percent sales tax, unless they hold both producer and processor licenses, which allows them to pay the levy once.
LOL . I guess this guy does not know about Indie Growers, they will be glad to help with start up money.
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I gave you a member mark sir. . . .
Thanks for that screen shot.
Like the name, like the doggie pic.
I live with a stubborn and loyal dog like that.
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DOLPHY read the sticky posts, the 5 posts at the top highlighted in yellow.
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Another solid day today, love my VKML
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I miss those days, seems like only last week.
This is trading good this morning, but it would be nice if our mechnical buyer would pay a visit this afternoon.
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I added some this morning . . . NTEK
moving up again soon
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Good Post. I agree this IS what's happening.
As you posted:
The new management (Coleridge and whoever backs him, if any) are currently trying to buy up a control position of the outstanding shares.
I'm sure they were trying to do it quietly and at the lowest price possible, but some annoying little IHubbers (aka my heroes) figured out what they were up to and the price has gone way up. So they probably don't want to drop news ahead of acquiring a control stake, and cost themselves a ton of extra money...duh.
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I bought monday, tuesday, thursday, and yesterday.
Have not sold any.
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Nothing wrong with taking profits, we all will at some point.
Congrats, you can now buy back much more of that other stock than you sold if that is what you choose to do.
Glad you kept some for the continued ride up.
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VKML is on the Buzz Cloud today. . .
I believe today is the first time for that.
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Finished reading "Reminiscences of a stock operator" this weekend.
Awesome book, written 90 years ago and talks about just what happened here this morning.
I highly recommend this book to everyone especially those that sold below 9 today.
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Dollar value comming into this stock rising daily
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Added twice .09 and .0843 did not get any of the cheapies.
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