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Yea. They're not binding.
That's my problem with this company. They present stuff like its dead set and in reality it isn't. If everything they told us about Brazil was in a legal, binding contract then we would already be in breach
My favorite is that the FINRA approved them and then MRIB immediately says that delivery has to be delayed.
What will you all do when the license is approved and the sp still doesn't go up?
That means we should be getting information about the revenue form the trial shipment as well as projections of the size and frequency of future shipments.
I was okay with sideways and low volume, but the recent lows are concerning. Lower lows and lower highs.
We got news Tuesday that said "36 metric tons of stibnite ore are being shipped this week," and specifically called the shipments "trial ore shipments."
This is where they are, I guess. While a lot of people did not apparently like the news, management probably did not want to leave us hanging for another couple weeks because we were expecting news. Are we not just waiting for the trial shipment to get to the customer, be evaluated, and all the details be agreed upon?
A statement with all the details of the trial shipment as well as some future projections of the frequency and size of upcoming shipments might stop the selling and convince people to hold their shares.
I would hope that they are preparing a second, fuller shipment as we speak.
Nobody is going to look at the NYE pictures anymore and you have about one week of exposure for the Vogue event before nobody cares about that anymore. If we were in stores and in those markets I would agree with you, but we are not available anywhere.
Adstock only goes so far before people forget.
Going along with your theory... If there was a picture of Bieber in Brazil drinking marani we would probably all be millionaires.
The NYE event did nothing and the london event will do nothing. It is so stupid to market in markets you're not in or won't be for a while. They may as well just buy ad space in the book of Mormon.
Here is what I don't understand...
They have a contract for Brazil and where do they do their marketing? NYC for the NYE event.
Then, they say they are delaying Brazil contract to focus on US demand. Where do they do their marketing? London.
What am I missing? They would be better served just to have focused on marketing and distribution in california.
With my income, the two tax rates are not much different.
I actually like where I'm at right now. This will recover.
I was able to dump after reading the PR, with full intentions of getting back in, which I did. I hold my same position but freed up some cash.
With a PR like that, its almost like they wanted the sp to fall. I'm confident we get more information in the next week or so. Im just glad they broke their silence.
They said hopefully an update this week, right? It would be silly to sell before that update, though it might get really ugly between now and then.
Anybody have any guess about when our update will be released?
I like the "on all operations" part.
All consumer packaged goods are about distribution, branding, and price.
8 states may be enough distribution, but we don't know what their distribution will be with in those states.
I don't see branding... Nobody other than the handful of people here and the handful of people here know what the hell it is.
It is priced a little aggressive to appeal to the average consumer of you ask me. I'd like to see it priced about 25% less.
They still need traditional marketing to make this successful. The average consumer does not walk into a store and buy a $30 bottle of vodka they never heard of. Put it out there for $30 and run sone kind of $5 off promo on it... Then you might get some trial.
I've said this before, get it on store shelves, let me make my 200%. I won't be around to see if there are reorders.
Bashers are letting up...
I'm not getting excited until there are pictures of it on store shelves.
It concerns me that they have to delay international launch... But that also makese feel like something unexpected happened on there side, like a deal with a major retailer or something.
I can see a company buying shares in a company they intend to purchase being okay. But can indivuals from that company buy it? Wouldn't that be insider information?
I like the quiet.
This early in my career, and this being the first stock I've really took a long position on, I'm either going to make a lot of money or learn a valuable lesson... Hopefully both!
So, potential buyout interest? What would be a fair price per share?
Is this an opinion or did you hear something?
That was just a run because the revenue numbers were coming out. This board saw tons of action that day... now no body is talking about it.
The revenues were probably a little short of what this stock needed to really bust through. Hopefully we get an update from Rich, as promised, and future projections look very, very good.
If the update is garbage, then this thing will continue to sink until there is real news.
JUST TELL IT'S IBM ALL READY!
I guess nobody is very excited about this.
Do we hear from Rich tomorrow or Friday? Any guesses?
This stinks!
The sideways movement for this long without news is reassuring to me. A PR with revenue from first shipments and expected future shipments combined with the proper promotion of this stock will give us the volume we need to get to the rightful stock price.
This seems like such a safe long play considering the product and the progress they've made. I'm sure this is on a lot of peoples' radar, but we knew there would be a lull after the last PR. Selling on that news was probably the proper play. Seems like a prime scenario for the big boys to take advantage.
Wish I had more money, but I'm just starting out in the investment world. Damn those student loan payment!
This is a little concerning.
At this point, I may as well stay in and hope they come through with US distribution.
It's not manipulation, people just don't trust management... Especially when they are out there throwing around $30-40 million in contracts and give zero details about it and predicting eoy sp 2500% higher than where they are. Too good to be true.
Such boring days.
Looking forward to news. One thing I don't see is a sell the news scenario here.
There's nothing wrong with the bottle, but when they said new a lot of us didn't think they were talking about their old new bottle.
The website on the other hand is a complete disappointment.
Yep. That's why I'm out after and if it hits shelves. Won't be around for the failure.
I've raised this concern before and people laugh. Why would anybody buy it? People don't buy things when they don't know what they are unless there is a pricing advantage and $28-$32 a bottle is not an advantage.
The "new" website is as disappointing as the "new bottle."
Well, that would be great! Right now I will settle for revenue numbers.
Do they have rights to all minerals in the mine?
I appreciate your perspective.
I'm young, just got out of grad school and finally have money to invest. New to the game and just trying to learn all i can about this. Im just throwing my thoughts out there and do appreciate sincere responses.
I read a lot of stuff and call and email a lot of people trying to get info about different companies. MRIB admittedly seems like it can work out...
Maybe I just need more patience with sideways stocks.
Good point on that one.
Dan Senters is the only reason I'm here.
I like to be on both sides of the argument... Helps me keep the emotion out of it.
Everybody talks in such absolutes around here. There's a lot of reason to believe them and there's a lot of redon't want to not to.
The whole license thing is hard to undthstand. You would think they would have applied for it along time ago whether it was a legitimate business or a scam. I think I read it was like $450. The fact that they did apply means that they obviously need it. You guys used to argue that they didnt need it.
It makes me think that they had some stuff to clean up first.
It concerns me that a CEO would put a share price target of 20 cents on a stock where the company hasnt even proven it can generate revenue. There is nothing wrong with being optimistic, but I think its a little irresponsible for a CEO to talk about a 20 bagger.
It concerns me that they are launching in 3 or more countries when they haven't proven they can move product.
To me, this is a play on hoping their product is on store shelves in 30 days and make money on the upswing. I dont want to be around when there are no reorders.
They way I read this, its funny to me.
PLPED minus the D = VAPE. Lol.
I do feel like time lines have shifted also. Do you guys start worrying on February first when the new website still isn't up? Or in 30 days and there is no marani on store shelves? And the stock is subpenny by them? What do you think at that point?
Again, I'm a share holder and I think this is a 50/50 shot.
The story goes like this...
Okay, okay, you caught us. You can't blame us for trying. We will listen to what you have to say to shut you up for a whichanges we can't promise any changes.
Realistically, we are about the 52 week high prior to the Brazil news... So the news hasn't done anything.
On another note, the recent days do look remarkably similar to what they lookee like prior to the last run... Only with a lot less volume. So again, I give this a 50/50 shot.
You have to admit that PR after PR and no reaction from buyers has to make you doubt management a little.
It is starting to smell like a steamy POS.
It will break out next week... Or next PR... Or when the website launches... Or it will go to zero.
So disappointed with today.
I agree. Its a little concerning that a CEO would make such big claims.
Like I said before, the website might matter. It might help legitimize them.
In my opinion, the only reason this stock isn't higher is because there are legitimate reasons not to believe them because their PRs have been predominately fluff. Nothing substantial yet, like actual revenue coming in.
I've gone back and fourth here with this one. I'm in right now because I think (i) I think the price will go up on this even if in the end the company turns out to be terribly misleading us and (2)I think it is a 50/50 shot that the company will actually be in US stores and will deliver on the Brazil contract. The upside outweighs the downside.
Looking at the PRs, suppose they are true. What should they have done? Not released a PR until March? So from that perspective, I'm okay with the fluffy PRs... but I won't believe them until they actually happen.
I think where it is right now is a fair price considering the risk.
The way this works though is it will hit US store shelves and then we will still all be waiting for revenue numbers.
Fact is, this probably won't be in the 5 to 10 cent range until there are revenue numbers reported.
Personally, I won't be around here long enough to find out if anybody buys the stuff. They didn't buy it last time... what would have changed.
Give me a 50-100% return and I'm out.