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That's right. 6 TIMES the 100 day average in volume in one single trade. Someone sees SWRM stock going places... way up!
How is there anything on the ask AT ALL below $.50 is what I'm wondering... Should be logjammed up at $1 instead looking at valuations.
And SING has 902M shares issued with $100M market cap. SWRM has $2M market cap on only 66M shares so about 50x worth of growth to match the company's to an equivalent is what we're seeing...
50x @ $.05=$$$, heck even 10x $.05 will be a win.
Agree, wayyyyyyyyy undervalued!
Need some help from fellow forum followers. Please go to stockcharts.com and request the symbol SWRM be added... TIA!
That's great news, that should help this stock...a lot! I'm thinking between now and July 2018 we'll see big block bids come in as institutions jump in not wanting to miss next years boost and deregulation. Now it's over to the Senate to pass... (that was only the House of Commons that passed, not "Canada" as a whole...yet)
In addition, from the big picture view it's good that they're looking into this and showing self-auditing and findings that are consistent with a growing business.
From the amended Annual Report, "we identified the following material weaknesses in our internal control over financial reporting as of December 31, 2016:
·We have difficulty in accounting for complex accounting transactions particularly in relation to complex equity transactions.
·Documented processes do not exist for several key processes.
·Lack of segregation of duties
So a)interpreting business requirements is tough, b)we need easy to follow processes documented/created to comply as needed, and c)we need more staff or to re-assign staff to cover requirements.
So...<yawn>. Tell me something new about doing business in today's world... :-P
First the rule they are complying with Exchange Act Rules 13a-15(f)=
"SUMMARY: As directed by Section 404 of the Sarbanes-Oxley Act of 2002, we are adopting rules requiring companies subject to the reporting requirements of the Securities Exchange Act of 1934, other than registered investment companies, to include in their annual reports a report of management on the company's internal control over financial reporting. The internal control report must include: a statement of management's responsibility for establishing and maintaining adequate internal control over financial reporting for the company; management's assessment of the effectiveness of the company's internal control over financial reporting as of the end of the company's most recent fiscal year; a statement identifying the framework used by management to evaluate the effectiveness of the company's internal control over financial reporting; and a statement that the registered public accounting firm that audited the company's financial statements included in the annual report has issued an attestation report on management's assessment of the company's internal control over financial reporting. Under the new rules, a company is required to file the registered public accounting firm's attestation report as part of the annual report. Furthermore, we are adding a requirement that management evaluate any change in the company's internal control over financial reporting that occurred during a fiscal quarter that has materially affected, or is reasonably likely to materially affect, the company's internal control over financial reporting. Finally, we are adopting amendments to our rules and forms under the Securities Exchange Act of 1934 and the Investment Company Act of 1940 to revise the Section 302 certification requirements and to require issuers to provide the certifications required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 as exhibits to certain periodic reports."
Explanatory Note on amended 10Q/A=
"This Quarterly Report on Form 10-Q has been amended solely to add a disclosure entitled “Evaluation of Disclosure Controls and Procedures” to Item 4 of Part I. This Quarterly Report otherwise is as originally filed."
Item 4 Part 1. In part="We are a growing company and we currently lack documented procedures included documentation related to testing of processes, data validation procedures from the systems into the general ledger, testing of systems, validation of results, disclosure review, and other analytics. Furthermore, we lacked sufficient personnel to properly segregate duties."
Translation (imo)=meh, no problem, understandable. They might want to put a staff position on the wish list for bureaucracy in the near future.
Why do I come to that conclusion? ACOL is very fast growing company; they're saying they don't have all the rules/regs and procedures documented in nice, neat binders that sit on the shelf in the office. They also don't have dedicated staff for administravia, disclosure controls, and procedures...yet. It's kind of expected that information flow within a small, growing company isn't as efficient as it should be and they need to implement staff to cover as growth supports.
My guess is someone asked why ACOL didn't have a statement about what controls are in place on their filing report and someone responded with, oh crap you're right, that's actually a requirement so let's amend it to include the bureaucratic statement.
The good news is that compliance statement requirement is there to protect us investors as much as it can. But even ACOL observed the inherent weakness of that requirement with the comment, "A controls system cannot provide absolute assurance, however, that the objectives of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected. "
So... "Meh, no problem, understandable." Press on doing good.
Looks like sellers tried to shake with a unexpected 500K share dump to take it to .0139, but buyers showed No Fear and absorbed it all and then some. Exposed .0148 now.
I forgot to put the /snark or /sarc afterwards. I hope they enjoyed the free cup of coffee with the chump change. LOL! :-P
Flips come and get out of the way, Longs have this ACOL stock figured out...
Whoever just picked up at .013 to sell at .0144 has to be happy with the day.
Looks like the wall relented and just raised the bar again too.
This ought to test $.10+pps in Jan/Feb imo...
Throw the period on weekly for ACOL at stockcharts.com to get a good picture of the RSI over time and how it looked for the run. That's a good picture for how it still has LOTS of room to run still.
RSI was buried in the red zone at mid 90's for multiple days during Jan/Feb run to a nickel. That's most of what surprised the shorters and burned some of them. Soared up until someone market dumped rather than limit dumped their shares like an idiot. Time to put it back up where it belongs in next several months.
Better have that spare pair of pants ready... :-P
ACOL=$$$
ACOL might be a, (what did the naysayers call it? Oh yes...) a "slow bleeder" between news releases; but wow these transfusions are doing good keeping it alive until the big runaways coming up can take over. She saw $.05 before, now she's starting from a much higher baseline; let's see what she's got...
That's pretty standard for these stocks... almost a boilerplate statement requirement for penny stocks and even legit stocks moving out of the pennies too. (And been part of documentation from the beginning if I recall correct).
Zagdad, you might not be far off in that thinking. O.O!
Checkout this news report for SWRM mating smart phone apps with "last mile" delivery services. Can you imagine a marriage/merger/agreement between ACOL and SWRM and SING? Boom!
They probably will be working grower to delivery logistics this coming year.
https://ih.advfn.com/p.php?pid=nmona&article=75935520
Connect the dots between studies like this and the EZ deal. Quite a picture emerges for 2018+...
https://hightimes.com/medicinal/study-shows-nearly-half-of-cbd-users-stop-taking-traditional-meds/
"without Shaark, this board would have no meaningful direction"... you mean like up?
"How else is the company supposed to know?" Ummm, direct them here so they can read the board themselves and know exactly, nearly real-time, what the concerns of their shareholders are...?
They might even glean some recommended solutions that have been offered as well.
Volume tells me most everyone is sticking to their guns and just patiently waiting until the news/fins drop... with a little beer money passing the time.
ROFL! And no-one wants to blink...
Tidal wave forming up for the day term. 1.5M on top Bid, 400K on bottom Ask. $.001 spread. Just a matter of time.
C'mon news drop... LOL!
We all are...
Waiting anxiously for a series of good news...and fins... to drop. Hopefully on schedule.
You asked, I'll answer. First thought is WTF?!? No big change? Since 10 months ago in Jan 17 we went from $.003 to $.05 for a 10x win and created a big stair step at $.01-.02 for the next big leg up. For a penny stock proving itself time and again as it grows itself into the market, it's making the right moves. Could it be better? Sure. See several recommendations, to include Share Structure below, but it's far from the worst bet I've made in pennyland. I pretty much agree with Darkmanq on his outlook. How much more of a window gain are you looking for in order to call this a "change"?
As Kutthroat has implied and touched on. Read this story and keep in the back of the mind all of this being stored, sold, shipped, ground, and transported in Medtainers starting 2018... $$$ incoming! We've heard of the 'gold rush', we're at the leading edge right now of the equipment supplier of the 'green rush' of this century.
http://www.latimes.com/local/lanow/la-me-pot-jobs-20170930-story.html
Yes. Smart ones are getting in now and positioning before the curve and won't need to chase later. It might still drop a little between now and then (especially for shakes before a run!). But for those that have a hard time timing entry it should be "good enough" now to after earnings show up for 3rd QTR and annual reports in April as potential sell points for the short-termers. Another record year in the making! Add all the pending deals mentioned sprinkled on top and maybe an OTC uplist and...well, it's looking good.
Imagine those that bought in at $.008 in Jun and even if they missed/held thru the recovery spike later that month or again in August here we are at $.0113. Today would be +29% in 3-4 months...not bad. But wait til it's $.10 at some (hopefully) not too distant date and that's a ten-bagger win!
WTB volatility...
All IMO of course.
I think people will anticipate the jump and buy beforehand... look for ramp up to release of fins. And then a chase spike up to new level.
IMO.
I agree completely. Having watched this (and other) stocks trade for years now it seems there are 2 categories that make for big jumps in ACOL. 1. When MMs want to move it and, 2. When public pressure overcomes MMs resistance to move it.
Looking at the volume bars there was a lot of volume (100s of millions) and then a drop to 20's million right before the run up to $.05 on volume that ramped up to around 400 million.
Where are we now? Less than 10M... The public pressure to overcome resistance just isn't there right now. So that leaves MMs desire to move it. So when they are ready to change it, it'll happen. Catalyst news (read: buyers) can help get that for both scenarios but it needs to be good and plentiful to get the numbers where we want to see them ($.10+). You could have a company making $10M in pure profits but without any buyers it could still sit subpenny.
Either way, it's been quiet way too long and hopefully the calm before the storm has passed, time for more movement very soon...just not soon enough...imo LOL!
Best guess? 14 Nov or before at 45 day mark. Last 3 years posted 11/18/2016, 11/12/2015, and 11/17/2014...but involved extensions which ACOL has already stated that they want to stay away from using and plan on staying on-time for filing deadlines.
Source: http://www.globenewswire.com/news-release/2017/09/27/1133726/0/en/Acology-Takes-MedX-Labeled-Desiccare-Delivery-Begins-Global-Delivery.html
"The retiring of the third-party conversion note, announced 3 weeks ago, has enabled Acology to accelerate this planned expansion and has drawn the interest of other potential business partners. Strategic moves, such as the partnership deal with Desiccare Inc., changing Acology’s OTC status, placing new emphasis on the traditional medical industry and concluding additional partnership agreements with one or more prominent national and multi-national businesses are now the next steps in this expansion."
I've wondered this myself about the copycats. Let's add patent enforcement lawsuits against competitors to the mix of possible accouncements. That could end up being a nice chunk of change even if it's just a settlement...
It's set up for a nice jump if there's any buying pressure at all...
Weekly bolly bands are getting squeaky tight again... last time that happened we went from .0006 to .05. Looks like she's setting up for another breakout with the chart primed up.
IMO, there's plenty of awareness, patient folks, and money waiting on the sidelines for the right catalyst(s). Just waiting on the MM referee to blow the whistle to start play again. They'll be ramping it up to spike above the next step and back down to a new higher level here before too long. Where that new level is puts a lot riding on the profits and annual report.
Should be a good volatile time between now and April with expected/possible news on Canada, worldwide distribution, EZ Health, retirement of shares, adoption as shipping container of standard, new patents/formularies, debt removals, etc.
Should be overall positive! Market cap has a whole lot of growth room to catch up to worse companies...
You mean the OWCP that's sitting at $42M cap? I see that stock made it to a high of $3.23 which with 146M O/S shares puts the market cap at almost $500M (low end of range I'm expecting from ACOL). Not seeing a $2B valuation anywhere...
But ACOL is leaps and bounds a better bet with products, market, placement, strategy, and further down road toward profits and blue sky.
Keep in mind $.50pps would mean an ACOL market cap of more than $2.5 Billion...! Let's see it somehow get to $1B market cap at $.20pps before we go overboard and see unicorns roaming the land first.
IMO $500-750M is a realistic window once profits start recording. That means this is a strong bet on a ten bagger as it sits now for short term... before they attempt any uplisting in the long term.
Sounds like the "Hide Intro/Show Intro" button on the upper right of stock page...?
ACOL "...the winners of Expo Weed’s Best Product Award." Nice!
Not much longer now... I'm looking forward to 2q2017 AND 3q2017 now! Apparently industry (and ACOL's) business is too good to keep under wraps. Look at this news (below link).
LOL! "State of Emergency declared" ROFL!
Just think, all that product needs to be packaged in or be accessorized by something like the Medtainers...
http://www.foxnews.com/us/2017/07/11/nevada-marijuana-supply-running-low-state-emergency-declared-governor-says.html
It's good to see SWRM issue that statement on ETrade's problem. Now hopefully they'll get that resolved for that platform's users. Scottrade is/has been working fine for this security thankfully. Also good to see that SWRM is responsive and followed up to define and locate the issue rather than let it drag on indefinitely.
Agree. One positive of a red close will be cooling the RSI for more push long-term.