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Just got here. Wow! News is fantastic! The best part is profit margins on software is huge. The CEO last predicted $10M revs 2017 with $5M profits. This is 3x more than originally announced. The other best part (yes, there can be more than one) is that we can now add A&G to our list of clients which should boost confidence in our product.
I was discussing technicals. You are aware that not only MJ companies run, right? LOL. The only thing missing here is hype. OWCP has a $300M market cap with no revenues... just a lot of speculation. We have a $1.5M market cap, which is less than half revs. We have 3 subsidiaries making money, and the company is already profitable with expected growth this year. My point was consolidation, even a long period of it, is not a bad thing, especially during an uptrend. In fact, consolidation adds strength as shares trade hands. Oh, and we will survive without hype because we have fundies on our side.
Compare this chart to our chart. A golden cross formed at around .15 after an uptrend. It consolidated for quite awhile before it broke out. Today it hit almost $2. That's 13x from golden cross. We formed our golden cross at around a penny and are now consolidating as we form a cup and handle. With cup and handles, the longer the consolidation phase, the bigger the spike usually. Notice that we also have a double bottom working in our favor. Anyway, 30x from our golden cross would take us to around .30 which is totally doable once the company starts announcing new revenue streams. As OWCP has proven, patience has its rewards. They consolidated for a couple of months!
Did you notice that the company is now current on OTCM?
This is not one you have to watch every day. We all know where it's going. I'm glad I'm fully loaded here.
Looking great here. Gap filled, VNDM gone, and ask is super thin. Looks like go time approaching.
You're warning people while you buy up to .0013? Somehow we already knew that.
SANTIOWNZ Member Level Tuesday, 02/07/17 10:21:22 AM
Re: Curt D post# 33586
Post #
33589 of 33604 Go
i'll be buying up to .0013 no problem.. but in till then .0006 bid is for me.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128491514
Yes, and with all upcoming catalysts, this could move as hard as MCOA with similar share structure because float is only 575M. Most here have bought several million shares each. There aren't as many shares available as some would like to paint.
I agree with that and your last post that we are very undervalued. Even the chart is pointing to a move much higher... and soon.
Ok, in that case, don't let the door hit you on the way out. LOL
Did you miss my last post? I pointed out MCOA that ran to .20 with similar share structure. We will see who has the last laugh. LOL
You were the one who brought up share numbers. I simply responded.
Most traders here are experienced. See you at a penny first stop.
Doesn't matter. Look at MCOA with similar share structure at .07 and was at .20. This company is under new management that is working on many huge things.
WRONG! The DD is out there. It's your choice if you want to remain uninformed, even when the information is being spoonfed to you, but don't spread around your misinformation. Read this post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128473716
What a beauty! And we're just getting started. We haven't even gotten the news yet. LOL
I agree current valuation .15 using 10 p/e. Then new locations take us much higher.
No doubt. $22.5B Sodexo partnership is a huge development!
I agree. I pulled out of the other one due to market cap being too high relative to current revenues although I understand people expecting more. GIGL market cap too low relative to CURRENT revenues and profits not only o mention future growth. Lots more room here (no offense to those still in other one).
You're kidding, right? You don't even have to connect the dots. Someone else has already done it for you.
.001s about to fall. Bye bye trips!
Looks like shares are starting to dry up for the V twins.
Don't worry. It's all about supply and demand. This one is just starting to get noticed. People will have no choice but to hit the ask soon.
Really good DD going on here. I'm in!
Good morning Cheeky and other RJDGers. Feeling good here!
How do you figure? Show me in their filings where you see that. Otherwise, you're just talking out of your emotions.
Emotions will kill you in penny stocks. Maybe this isn't for you. Use your head! If the company was diluting us into the ground, we would be closer to a billion shares like other scams. Right now we are at around 100 million shares at the end of the note. Do you know how small that is for a penny stock?
Not sure. The company has no history of massive dilution or reverse splits. Share structure has remained relatively stable for awhile. 52 week high only .0174 tells me the company and stock are largely undiscovered. We are currently in a quiet accumulation phase as a few traders have taken notice. The steady upward movement has been on very low volume so you can imagine what will happen when we get real volume, which we will as the company continues its updates.
Without news, we might end up hanging around this level which is not a bad thing. It gives people a chance to accumulate before we run. When we do run, we will run hard with a measly 37M float. In the meantime, we might just form a cup and handle to go with the golden cross. .01 seems a safe level to accumulate. All signs bullish
There are a lot easier ways to scam shareholders than by building brick and morter businesses. They have millions in revs, post a net profit, and only had a small convertible loan. OS still only around 100M. If they wanted to scam shareholders, they would be selling billions of shares from a vape business in their basement. Anyway, I think I will forward your post to the company.
According to the CEO in an email to me, they took out a small amount of convertible debt last year with the intention of paying it back once they raised additional capital. They weren't able to get the terms they were looking for at the time and decided to look for alternatives. In the meantime, they got caught with their pants down. He said they learned their lesson. They're not happy about the damage on their share price either, Now with free funding for build outs, we are in great shape.
Just checking in. Meetings again (Friday). Nice price movement today.
It's a very temporary situation, as some are waiting for confirmation that dilution is over. If anyone has watched the stock, they will know that shares are very difficult to get when Iconic is not selling. That is why it's wise to load up while there are shares available.
Can't get to the site, but the last time I looked, the share structure was not yet updated. Maybe OTCM is in the process of verifying... not sure. Otherwise, they look current to me.
You are right. The ones here are early to the party and aren't going to sell this cheap.
Dude, get real. It was a $150,000 note that has been converting since November. It's almost done.
Nice grab. The only thing needed here is a little patience.