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Looks like the gap from yesterday's opening filled and the tree was shaken to dislodge weak hands even. On it's way back up now.
As indicated by others already, in answer to your question, yes there would need to be an R/S in order to realistically hit that PPS price target.
I can't tell if you're trolling or not, but I'm bored and can answer some of your question.
The value of a company is determined by the market cap, not the PPS. Say you have two companies, both $100M market cap exactly. One has 100M shares and the other has 1B shares. The PPS for the first is market cap divided by # of shares or $1 PPS, the second is the same formula (market cap/no of shares) for $.10PPS. In order for the dime company to get to $1 and have the same PPS as the first it'd have to grow to 10x the market cap or be a $1B market cap company. Applying to MDTR as an example, $1PPS would be a $5.5B market cap company...just not going to happen. However, here in this market 500M to 700M is very doable on speculation which puts a good target range of around a dime per share. If they R/S, then it's a matter of the ratio. If they do a 1:100 the PPS equivalent would be today's trading of about $2.50/share IF THE A/S IS REDUCED BY THE SAME RATIO DURING R/S.
So in short, when we compare companies (ie CBIS or MJNA to MDTR) we should be comparing market cap to market cap and then dividing out among the different share structures, NOT one share price to the other share price.
IMO. Hope that helps clear the mud.
You both are right from different perspectives. The stock A/S is 6B, the O/S is 5.5B; Camaro has that correct. Let's go on though. The "security ownership of management" in restricted shares of that is 3.7B (that doesn't trade on market). That leaves about 1.7B available as the float. So Stocksplit, you are correct that this isn't trading like a 5.5B S/S stock, it is trading like a 1.7B S/S stock.
Even if fully diluted to match A/S this only has 2.2B available to the market to make these movements. Whoever locks up the shares gets to move this up/down at will basically. Once they are locked or the company stops O/S growth then we see PPS movement.
That we are seeing price movements like we are with "only" 50-200M shares traded daily should tell everyone just how tightly locked these shares are.
IMO.
Looks like a gap up kinda morning...
BOOM! I like that news!
Sounds about right. Might have early vote (4/20? haha) with an implementation date of 1 Oct 2019 to match gov fiscal year. I'd believe that as being possible. Hopefully sooner though.
But they are moving at the speed of bureaucracy...unfortunately.
The only thing Sessions said was that he would enforce the law already in the books (and passed by Congress); something that is expected and required from anyone in that position and the DOJ in general. The news/memo release was designed to get Congress off their butts and fix what's broken. The resulting up-roar is what's necessary to get representative movement because states don't want the heavy hand of Feds involved, so it's in their best interest to "quickly" (we are talking bureaucracy here) correct the rescheduling categories. It takes Congress to create/amend/remove the law and I think we are already at the point where support is there, just need it to appear on the floor and a vote...soon.
The market just got freaked out because they didn't realize the play called by DOJ still leads to the same endzone for a score. The saying is, "There is no faster way to fix a law than to enforce it". So rather than a slower ramp up starting last Jan this instead makes for a steeper rise as the market catches up and catches on to what's happening later on (hopefully now). The Sessions confusion just bought investors 9 months to jump in at lower prices before it gets to the same price point long term. That long point should be when reschedule is done,however many states go legal, and MDTR orders/contracts/sales skyrocket. Then it's just skies the limit on what the company can/can't handle.
Hopefully that's what and why we're seeing the latest moves.
Can you imagine the movement if the news announces Congress voted and rescheduled to put MMJ/MJ in the same category as tobacco and alcohol? Wooooo! Ain't seen nothing yet to match the market move on that one... That'll be a GREEN day! LOL!
All IMO.
Once again...it is not Jeff Sessions's "war" on anything except being between rocks and hard places.
You cannot have a Fed law that says no-one is allowed MMJ/MJ and then have some states that do and some that don't.
All he (and anyone else that fills that position) is pointing out is that the law needs to change. Whether that is or isn't to be enforced is going to be decided by Congress; through law. If Sessions is removed from office the exact same situation is still there waiting for the next person to fill that chair. If that person chooses to ignore the law, then it's ruling by policy and not ruling by law which is another whole big nightmare can of worms. Ruling by policy is a recipe for disaster.
Discounting the already legal aspect of senior care, tobacco, teas, etc, MDTR is positioned to do well with states that legalize MMJ/MJ to ANY degree and stands to gain in a HUGE way if the law changes to a more permissive control. States are finding it impossible to say no to the tax revenues because of the binds they've made for themselves if nothing else.
All IMO.
That may yet still happen (and I hope it does!); however keep in mind if ACOL/MDTR was tied only to volume it would've already been at $.05+ and rising at this point based on history.
Considering the pace and increase in S/S it is possible that it does another ten-bagger by launching off the new low of $.008'ish to around a dime this time if CDEL gets off the ask and dumping shares. This thing loves to fly but only after all the available shares dry up and shorts are convinced it's financial suicide to get trapped in an elevator going to the top floor rather than the one going to the ground floor.
Other than when the market got spooked by Sessions (Dec/Jan 18) this is the first real ramp with the news that legislation for legalizing within the US at the Federal level is really gathering speed and rescheduling. Seeing as how it is a truly bipartisan, public-driven issue helps. With some states already breaking away it's already at the point where the Fed HAS to remove or resched to lower controls because if Feds can't hold everyone to the same law it has to, by definition, hand control back to the states for individual implementation. That'll be another catalyst for BIG business here for MDTR.
At this point, only time will tell. News should be GREAT though this week. We'll see together if it's enough.
All IMO.
ACOL/MDTR run to $.05+ was early 2017. Per 10-k (Dec 17) O/S was 5,249,511,270. Per 10-q (Jun 19) total O/S was 5,524,636,434. We're seeing a record-setting volume ramp that has already spiked over what was seen in 2017 (~175M vs ~200M; set ihub chart to 2yr to see this). Only time will tell now if this level of trading is sustained for as long or longer than it was in 2017 of approx 1 month.
Way more catalysts, secured int prop/patents, and successful sales records from then to now makes this stock play much more appealing and is likely to achieve new heights (I hope) even though share count did, in fact, increase which is what I think you were asking. Note-They had to buy the patents with something. Those new shares are already open trading and did not affect restricted shares held by company.
Good company track record so far, rumors abound though (especially with this latest movement starting with a spike to 200M day), now it just needs to play out into the news, legislation, and let the markets answer.
Good luck to all, playing it as we see it.
IMO.
Where did it go? A: Check the ticker. It turned into a 3m block buy AT ASK of .0246. Someone didn't want to be left behind for next week...
In addition to Camaro's answer... here's an alternate.
https://www.stockcharts.com/h-sc/ui?s=mdtr
Trading sideways with sudden drop in volume probably translates to MM's and "big money" having the price right where they want it for now with push/pull fluctuations provided by retail.
Just waiting for catalyst(s), news, events, buyout, financials, etc for the train to leave for the next station... (or "big money" to get a wild urge or catch wind of a rumor)
They drive the train, we just ride it til our stop shows up.
Still a green day is a green day...
MDTR shaking the tree looking for low hanging fruit and weak hands.
I find it interesting that MDTR has done as well as it has and hasn't made the breakout board. I'm wondering if the symbol change broke the stat weighting or links this week.
Granted there's never a straight MDTR apples to apples comparison but what do you all think about this apples to oranges test case?
Currently if we just look at market cap alone for another (as close as possible, in the same sector at least, 5B+ share structure) MJ-related company, MJNA is at about $300M and MDTR is at $125M. That means to be equivalent MDTR can go to 2.4x current price to match market cap 1:1. Digging into the financials, while both co's have sales MJNA has $2M loss which puts it worse than MDTR. Even with losses MJNA has been as high as $660M market cap (an equivalent of 5.28x MDTRs current share price). So a realistic range that is achievable as demonstrated by another company is $.0548 (2.4x) to $.1204 (5.28x) since MDTR is in a better position and showing better COGs ratio, business model, and is a prime candidate for acquisition...? Seems like a dime is well within the reach of MDTR if/when the right storm conditions lines up.
All IMO of course. But looking for long target points. What say all of you???
I would expect periodic shakes on the way up to be the norm, just to get rid of dead weight and weak hands. Whether stair step, ramp, or surge/pullback/surge higher is yet to be determined. But general direction should be defined as up. imo.
And that was $.05 WITHOUT the 2 years of sales growth record and the IP ownership and all the other positives in the past 2 years...
This will need to fly past $.05 in the next 2 weeks if in fact they are moving it to a new fundamental price point. I would think if it goes to $.10 it'll settle back to $.05-.06...until financials post to support higher level that is.
IMO
Welcome to penny/nickel/dime land where 2-4% sales to market cap is better than most.
WOW, you have high standards if you require 40% of market cap in gross annual revenue! Not even Nike or Microsoft has that benchmark. WTH are you invested in that meets that requirement??? LOL!
Funny how the ACOL market works sometimes...
Proposed sale of securities filed last week.
Shorts="The sky is falling, the sky is falling, get out..."
Longs="Meh, 55M is 1%, no worries."
Market="Hold my beer and watch this". 55M ends up being less than 1/3 daily volume...AND up 100+%!
LOL!
Based on volume alone, ACOL should've already surged to $.03+. Hard to convince me that shares aren't being sold here...and artificially suppressing price jumps. Volume unseen since the run-up into $.05.
If that's your net=you sold too soon. If you're referring to ACOL=how many penny stocks have made it to the point of millions in sales with an enviable growth curve; and plenty more growth in the near future?
They're well on their way and doing fine by the looks of it.
Plenty of people playing it as they see it...
ACOL #9 on Breakout Board. Lots of eyes and money jumping in here for run up.
Now that they secured the IP rights/patents, I was hoping to see a campaign of product protection mounted. News of an aggressive cease/desist and damages effort against rip-offs would be welcome too. That's what a real company would be striving towards.
Yes.
$.10 is ~$500M market cap and $.15 is $750M so still in the ballpark for a surge peak range. Depends on interest, momentum, and willingness to move bids up...
If they announced a multi-million unit/dollar contract with a partnered provider it'd jump FAST.
IMO
Reps/Dems don't seem to really make a difference as it's been bipartisan acceptance lately. Mid-terms won't derail, only distract and soak time/effort. The key is to get MMJ off the Fed Scheduling list and out to the states for control... something that BOTH parties agree on and has the public support for.
llcoolm11- What, how, and/or why are you drawing basis for this particular number range before launch upward? Is this a chartist marker that I'm missing? (2nd week Apr support maybe?)
Other than that I agree on upcoming. The combo of legal and rescheduling will drive major demand for companies just like this. That's why I'm wondering if this isn't brewing for a buyout (preferably at $.05-$.10 pps; avg $.075) during the low+slow calm-before-the-storm time. That range puts market cap at $250-500M which is not out of the speculation realm at all for penny stocks...especially if in high demand emerging markets and even without an R/S. The big companies have been in vacuum up mode absorbing/merging all the smaller companies as much as possible to clear the field. But ACOL has been successful enough, and has the future path secured enough through IP/patent/molds/distro/etc, to make the price tag much more valuable.
4th quarter and annual reports should be phenomenal. And if congress reschedules before year's end...watch out, she's going to fly! All IMO.
Fire him, don't fire him, doesn't make a bit of difference other than maybe an emotional, short-term play that'll bump and die out when folks realize he isn't the real problem. Removing him does NOT change the Federal law. The follow-on guy/gal has an obligation to enforce the laws on the books still. It takes CONGRESS to put real change in place and not the half-assed restricting enforcement funds political game they've been playing. That's why he (Sessions) rattled the sword last year, he's trying to spur Congress to update the law and stop having a "some states do, some states don't, but Feds say no to all" rock and a hard place they find themselves in.
When, not if, MMJ is rescheduled to a lower level on the controlled substances list (ie. to match alcoholic beverages or tobacco)then, and only then, will the rocket break the bonds that hold it down.
All IMO of course.
ROFLMAO! I love your sense of sarcasm.
Those of us that have been around long enough know we've made good money with ACOL by doing the exact opposite of what Shaark says. :-P
Somebody said wake up, it's time to move everything up; big chunks biting now. People want in and don't want to miss or chase the train. Now just don't stop until dime station this time...
Who the heck is "Silex Interiors Inc" and why are they preparing AppSwarm's financial PDF documents for past 2 quarters?!? (under document properties)
Silver...again. As long as it doesn't stop til ACOL hits my target of a dime this time.
Maybe dummies will learn how to use limit orders this time on the rocket up. LOL!
This is pathetic volume for profit-clearing news 10Q...
Where's everyone gone? There's more interest in the scam stocks than this one lately. So counter-intuitive...
Good grief it's in the latest news article...at least do some amount of DD! Here, I'll even call out the entire paragraph so you can find it easier when you pull up post #19942...
"The Canadian patent allows Acology to move forward with their plan to become the primary packaging solution for the Canadian recreational and medical cannabis market. Business has sharply increased over the past 60 days, as orders from Canadian LPs (Licensed Producers) are up over 25%. It appears that this trend will continue for the foreseeable future. "
Invoices...geez.
How do you justify "No orders coming in" with the PR of "Business has sharply increased over the past 60 days, as orders from Canadian LPs (Licensed Producers) are up over 25%."
Easy answer=MM manipulation.
Compounded by hesitancy by investors due to share structure...imo.
Hard to get traction for climbs up when there's billions of shares; makes for dampened movement unless there's 50M+ shares of volume a day. Can't overcome one party's manipulation without volume.
WOOT! Now they can defend intellectual property and file suits against infringers too. They're firmly in control of their product now.