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You're only angry because I'm right a lot. The price did drop as I said back around 1.20(US) which of course was met with ridicule and dropped exactly like I said it would testing lows....which it did in the .60's. Sorry you didnt have the foresight to sell and up your share count for free by 80%. I'll let you know again next time when i see it coming.
45k shares at .84ish average, tyvm. You keep bag holding. I keep buying/selling when it moves. You play your game. I play mine. About darn time this company has some sort of direction. Good PR today. So needed.
A bunch of buying. In at .82'ish for a lot. A whole bunch =)
Makes the legit CBD companies all the more valuable. People will flock to this.
Our last quarter sales wise was dreadful so we haven"t showed good sales....yet. 18 mil a year sales for a 200 million market cap could still be considered overvalued. Namaste has shown nothing concrete to merit their market cap. The market is looking for results, not promises. Infancy phase is over.
They(Forbes) dropped their value of Namaste by 70%. From 7 dollars to 2 dollars. Could be nothing, could be another buying opportunity. People really talked about that Forbes 7.00 article a ton when that came out. Still did....up until today.
An odd trading day for sure in US. The MM NITE put in an order for 160k or so on the ASK near end of day. I never seen NITE place an order that big. They rarely trade and when they do it's always 1k, 2k 5k etc on the NXTTF level 2. That told me, "welp here comes a small selloff of some sort". Then, the stock jumped up a couple cents end of day and did the opposite. Who knows.
This sector is the Wild Wild West. It demands high sales. CVSI has good sales and not a ridiculous amount of shares. Good combo.
The numbers scream undervalued.
This thing is dying a slow death hoping for financials that has close to 0 MJ sales "while" being sued for the past 5 months. First step is denial.
The share price reflects what people think of this stock. When the whole sector recovers but Namaste does NOT, doesn't that tell you something is not right? Something is not right man.
Very bullish hitting 4.78
There is nothing speculative about being constantly lied to.
I just saw that exact thing you are talking about and did a happy dance.
.31 was the magic number back in November or so of 2017. .55 is this years magic number. I am looking between .31 - .55 for re-entry onto this fiery asteroid.
How about making an intelligent argument to my concerns?
Only stock in my watchlist down today. Every other major LP has recovered from December except Namaste. Still down 80% off of it's highs while every other major LP has fully recovered poised for new highs. I cannot tell you how disappointed I am in this company.
We have been lied to all year last year with phantom numbers and countless PR's where maybe 25% of them have come to fruition, while the other 75% just get conveniently ignored. You can't even get a straight answer on cash in hand? How scary is that? Some say 70 mil, some say 50, some say 30 - 40 mil. Now they say large cash position. How convenient is that? Now they don't have to give any numbers. Yea, we have a large amount of cash. What is that? Ridiculous.
How can you not know how much cash you have? How can you not have met the board members who fired you? How can you not know how many items are on Cannmart and you run the business? Seems like a circus to me full of hot air and exaggerations. Where are the veteran programs, indigenous program, needle free injections, pay to click, 50 items in Cannmart, 100 mil in sales in 2019 and they can barely make 4 mil on the best month of the year. So many lies.
"Yes we are ready to roll out the moment we get our license" This upcoming quarter revenues will show almost 0 MJ sales. Mark my words. Almost 0. How is that roll out working? Hundreds/thousands of items on Cannmart but they cant even get a vaporizer on there. A tech company that is still working on their websites they had all year to do while we waited for this license. All year they had last year to make a website. They are burning through their money while their share count is getting uglier and uglier. Now way over 300 mil outstanding with another finance deal incoming this year. We are basically a glorified drop-shipper.
Looks like we are closing in on another bottom. Starting to accumulate slowly.
Because Sean considered registered users to be patients.
24 items on Cannmart.
I believe I saw that they(ACB) only upped their patients by about 7k for a whole quarter. I was looking for it again last night for verification but couldn't find that stat on the Sedar report. If that is true they are lagging indeed.
It is unbelievable what has happened in the past 6 months.
I smell a sector wide dip
Yet another buying opportunity incoming? This is madness.
Looks like chart wise it is poised for a bump up on the next stair of the ladder. Thoughts?
It's 30 minutes into the week and I can already hear the circus music going off in my head. What are they thinking putting themselves in that sort of a situation to have release that ridiculous PR today?
I'm nervous that if one more bad piece of news comes out about anything fraudulent type it could be terrible for the SP. If Sean is on Facebook parading around acting a fool, what is going to happen on this week's episode? I'm treading carefully avoiding landmines and picking up the loot off of carcasses.
Took profits again. Too chaotic for me. Bird in hand.
Would be nice if the .97(US) ASK holds up somewhat for the opening bell.
All ready for another crazy week. Got my orders in, bowl packed and my smoothie made.
I beg to differ. I believe the 1.02 gap will fill, then it will tank =)
Ready for the gap up on Monday?
See that's the thing. We don't know. This week has changed everything as we know it. We are being sued again by our former CEO if you haven't heard while he is under investigation for fraudulent activities. If this doesn't warrant some sort of debate or discussion then I don't know what does. With that being said, it was nice to see Cannmart finally break the 21 barrier after months with 18 - 21 items and have a 22nd item =).
Sean had his chance to step down quietly and respectfully. They made him an offer from what I hear. The fact he is done what he has done shows the shareholders are the least of his worries. Under his supervision at one point we were down 90% off of our highs. 90%. He, himself had to know it was game over but nah, he rather drag this out to keep the SP in the can even longer.
Yes I do flip flop weekly. I'll fully admit that. It's a love/hate relationship that drives me nuts.
That's another thing that annoys me. 20 countries, 20 countries, 20 countries. Been hearing 20 countries for past 2 years. Wouldn't it be 19 or 21 countries by now? I hate rehearsed banter and numbers that never get upgraded told to me like I'm som,e idiot that doesn't know basic first grade math. It's like the washed up door to door salesman that is using the same pitch he used selling aluminum siding in the 70's in 1992. Rant 2 over.
Utterly ridiculous they didn't have the website up and ready around legalization time. They had all year waiting for the license and didn't have anything ready when it finally came a whole year later. A tech company still working on their websites. It infuriates me how many times we were lied to in 2018 how they were up and ready to go as soon as they got their license. They were not. Fml, restaurants I worked at have/had better websites.
Then they made an excuse they needed to change things for Health Canada. I'm tired of all the baloney and excuses. They need to stfu and produce. Sick and tired of hearing that things will come and they never do. How are those 50 items on Cannmart by end of year? How are them oils doing? Where are the hundreds of partnerships to sell product? I only see, what, one this year so far? Heck, they don't even have a namastemd link on namastetechnologies..com. I could pick this apart for hours. Once again hopefully Meni will grab this bull by the reigns.
How is that health line of foods with a chef that has no idea what they will make(listen to last interview on Midas). I will treat this like the hoe it is until they start producing results. Hopefully Meni can steer this ship so it stops looking like amateur hour. I'm glad Sean is gone. Couldn't stand his empty promises any longer. The fact that meni said "large cash position" already tells me they have burned through most of the money. Lots of questions will be answered in the next couple months. I am treading carefully. Market cap wise it's worth where it is right now due to vape sales unlike so many, so that's some comfort.
I think people will have a tough time with the financials incoming. Most don't realize that they are I believe for September October November of 2018. This will show almost NO Cannabis sales at all. Nada, zilch. People will cry bloody murder when they see no cannabis sales. Now the quarter after this quarter 4 months from now. Mark your calendars if they are still around. This will be the financials I am looking for. Anyways, looking for gap fillage around a dollar on Monday or Tuesday. Lets see what drama next week brings.