Make it, but not at another's expense
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Qtr 1, 2021 will shed light...
https://www.sec.gov/Archives/edgar/data/1527702/000107878221000071/f8k012121_ex99z1.htm
Hoping they avoid the Reg A infusion for capital, and we are solvent and profitable moving forward...
Owning a business myself, I know you write off expenditures everywhere to lower to "profits" to limit your tax liability, but the profits for this company stay somewhat stagnant due to the expenses trailing the revenues very closely
I also noticed, that their financials are UnAudited, which was not the greatest thing to see in a quarterly report...arrrghh
Time will tell folks...buy the dips, hold free shares, and BEST TO ALL!
Agreed...that is how Pink's operate, through the liquidity of their shares. Either way, I love to speculate on OTC companies - the potential is HUGE.
Monday and next week will tell for sure. Twitter says next week they will announce updates...hopefully good news (we'll see).
I think the rise in price is great, but when the company says target of $0.61 near term and $1 long term, and we blow past that in 2 weeks, that is not good.
Slow and steady wins the race...meteoric rises KILL Pink Stocks - leaves investors with a sour taste in their mouths.
I speculated a pullback on friday, and at the last moment due to stochastics and MACD, it started pulling back. We should be sitting around low to mid $0.50's and build the base and hold, with slow and steady growth, otherwise this ends up being another Gamestop.
Think of how that stock will be affected L/T...I want this to pop BIG, but not all at once.
I want to be one of those that said they were there when the stock was pennies, like Amazon, Microsoft, Apple, Yahoo...
Best to You All !
If I had to guess, his "submit" wasn't responding and they kept hitting it (has happened to me).
That said, I agree, most (if not all Pink's) have that caveat, however the point of the debt is different...3.5 mil debt is not like a few thousand...if they are holding shares, they can liquidate, but I think the March report will shed some light.
I did check the 10Q, and it does say what was posted...and also says:
"The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish its business plan and eventually attain profitable operations.
During the next year, the Company’s foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing and marketing expenses. The Company may experience a cash shortfall and be required to raise additional capital.
Historically, the Company has relied upon funds from its stockholders. Management may raise additional capital through future public or private offerings of the Company’s stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Company’s failure to do so could have a material and adverse effect upon its operations and its stockholders."
I am Long on this, and my shares are free at this point, so I will wait it out. The potential is there, but their point is valid on the debt, and your point about Pink's always saying their ongoing concern is also valid.
Best to All!
dh, definitely agree. yes, when you get an oversold indicator, that is typically triggered from dumps which are the result of an overbought scenario. The technical fundamentals on this one are very good, but March will be the first true indicator in 2021.
I expect a pull back to below the $0.61 guidance of the company...we have to remember the O/S, revenue and the P/E...thinking this is a 10X company, but last year was tough on a lot of companies.
I do not want to be the guy that hypes or bashes for my own personal gain...too much bad karma for that.
I know the stop sells are viewable, but unless you are constantly monitoring this stock, you can see your portfolio drop 25-50% in an instant in the penny world.
Just want others to be aware...most may not have excess funds to buy on dips...so you counter this with sells, and then buy back in when it drops to increase your share count.
best to you!
That definitely looks good, and I am in on IQST, but reading the MACD & Stochastics, it shows oversold and trending to a strong price drop.
Not trying to be negative, as I think this is a winner, but I am not one to pump up a stock to my benefit (my brother's keeper) or bash to bring it down...
best to you and hope I am wrong on Monday...
Chas1, you are correct, volume and speculation are driving this up, but remember the fundamentals...
Penny stocks are volatile, although this one is unusual as it has good fundamentals, but the year end results are needed, and a good 1st quarter will determine the direction.
remember, $0.61 is the company derived number, with $1 this year...blowing past that with no news is likely due to short term traders...today will be the biggest indicator.
look at the volume...it is slowed, and the price is holding...tells me that EOD there will be a pullback...
HOPING I AM WRONG, but if I am not, I will be selling and rebuying to increase my base.
Always good to hope for a nice run...have to let fundamentals run legitimacy. News is what is needed. This has BIG potential, but it is always good to have dips to buy at...my suggestion, if/when this drops, pick up shares and set the sell price high so they don't play with your shares and short.
Average down if you bought high...me, I buy/sell using the swings and let direction/logic drive my trades.
My gut says a drop, but I am not 100% on that. You could easily be right, but remember, with the company setting $0.61, and the price being over that mark with no news, the likelihood is that no news will create a sell and pullback...traders like to close their week and set up for monday.
IMO, of course :)
I believe we will see an EOD pullback, albeit slight, to around the 0.50 range. Initially I anticipated news this week, and thought we would be around $0.80, but no news.
volume has stalled a bit, some are holding, but my guess is that traders will sell out by EOD and price will drop slightly..
No problem though...we have a good base around $0.50
If this hits, this is going to make a lot of people a lot of money. Right now, news is needed to sustain the price.
News can set this up for Nasdaq listing, but this current price is above their $0.61 set price, and no news...
likely to slip back a bit, and then rev up again post news.
trading sideways at the moment. News is needed to sustain. my guess is this will pullback to the 0.5 range and then once news hits, this will continue its steady climb.
Best to all! Long on this, but willing to trade out/back in to pick up free shares.
This one has big potential, but it will be out a ways. IQSTel put a short term of $0.61 with their financials, and $1 year end.
when you blow past that with no news, it is likely to see this pull back.
Play it safe and monitor this, and if/when it drops back a bit, sell and get back in to pick up more shares.
Looking like a small reversal...you might want to put a stop limit in just in case IMO...majority of trades are sells right now.
best to all!
I don't think that is an unpopular position...it is best to remain grounded and avoid speculative talk...daytraders kill stocks through huge swings, and a lot of times they never recover.
Think of how Gamestop will be viewed once the dust settles.
right now, the Bid/Ask is closing...
Bid x size 0.665 x 25500
Ask x size 0.67 x 24307
Hoping this develops a solid base with new resistance points. $0.0571 has some teeth to it.
Not sure what is going on with one of my other picks, but the volume is 3X at this moment, and not a peep...PTAM
slow and steady...might see a slight dip towards EOD to help load up on cheap shares...there will be takers looking for the quick buck and not realizing the potential.
Most ALL Cannabis Stocks are lighting up...with Dem's at the Helm, this sector is a hot play, both short and long term
Looking at the last 100 trades, 90% buys...MM's will need to pull back a bit to load up for the next run
would need to close above $2 and sustain for filing...then more steps beyond that.
slow and steady wins the race...
gonna trade sideways for a bit, then after lunch should run up a bit more...
hopefully not too much...need a cooling off. daytraders can kill this run up with overhyping...anyone who has played pennies knows this happens all the time
Bid x size 0.0565 x 10000
Ask x size 0.057 x 21052
small pullback to load up for another run...IMO, this will likely hit .08/.09 today, and then a bit further tomorrow.
Gotta get past the resistance at $0.0571 and hold...that upper resistance level is pulling it back
the $0.6413 still has a bit of teeth in it...I will be happy to hold and trade sideways for the day and resume a slow crawl tomorrow...
should that happen, Next week could be $0.75/$0.85
Must be a lot of sites taking notice of this stock. If you bought in, hold your shares. Yes, you can make a nice 25%-50% instant play, but long term you can do much better.
Need this to slow a bit more...blown through the $0.61 point already...
Bid x size 0.64 x 1000
Ask x size 0.6429 x 50000
Bid x size 0.051 x 153010
Ask x size 0.053 x 100000
Bid x size 0.0499 x 20000
Ask x size 0.05 x 10000
Thanks Tyrus! With the Money One coming up, and Telecom, Fintech, Technology & Blockchain and who know what else is going to be part of this monster, the earnings and setting a nice P/E, that will help to settle the dust and stabilize the price.
As with almost all pennies, the volatility exists to ruin a quality stock through P&D teams.
so far, that hasn't torn this company up...we have a published goal by the company at $0.61 with $1 within the year...
Like Warren Buffett, hold onto quality for the LONG term and you will be much happier.
I have seen price points @ $70+ for this year, and while anything is possible, $1-$4 tops is where I would safely put this inside a year...of course, that depends on the economy, jobs reports, etc...
Bid x size 0.5499 x 5250
Ask x size 0.55 x 1000
completely agree...I have alerts and prices set just in case this spikes. However, hopefully clear heads will prevail and this will be a monster in 1-2 years
Agreed...just don't want a spike to $2...those typically don't sustain. slow and steady, and big money will hit
Tyrus, the only way we keep a solid base of LONGS is to slow and steady rise this stock...a spike will shake out LONGS, and likely bring in short investors, which creates a volatile stock price.
I would LOVE to see $4 this year, but I think the goal is the $1-$2 range.
Need support @ $2 to list to Nasdaq
Needs to slow and grow steadily...rapid rises, mean rapid falls. This company has the potential to be in the $1-$3 range with fundamentals. Looking for 5-10% slow rise, not huge spikes.
Spikes kill stocks (Gamestop?) and slow growth prevents nervous investors from bailing out, and loading the MM's with cheap shares
Needs to slow and grow steadily...rapid rises, mean rapid falls. This company has the potential to be in the $1-$3 range with fundamentals. Looking for 5-10% slow rise, not huge spikes.
Spikes kill stocks (Gamestop?) and slow growth prevents nervous investors from bailing out, and loading the MM's with cheap shares
$0.5342 is the next resistance point. should likely hit mid to upper $.50 range tomorrow.
This week will be important to secure new support points and determine next week.
I think $0.45/$0.50 is a good close. Been checking the VisaMoneyOne site...should be up and running soon.
Financials are going to rock
Looking to Nasdaq this year
1,070,000 is not a ton of shares, roughly $400K. That sell would not constitute "dilution" since we trade at 4X that daily on average.
Aside from that, I hope the Breakout board doesn't overheat this too quick. This should be a long play with the hopes of Nasdaq listing this year. I think of Gamestop and the damage traders have done to that reputation.
5-10% per day...this helps create strong LONG holders and screws the MM's
Expect this to sit down for a bit until MJNA issues there own PRNewswire on earnings.
IMO, this one is a winner, and Cannabis is King. If you are looking for another winner, take a peak at IQST...I'm in both LONG...
Best to all!
Aphria Inc., Canopy Growth Corporation and other key market players.
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February 03, 2021 05:17 ET | Source: Fortune Business Insights
Pune, India, Feb. 03, 2021 (GLOBE NEWSWIRE) -- According to the report, Medical Marijuana market size is projected reach USD 26,920.4 million by 2026. Global Medical Marijuana market was USD 6,338.1 million in 2018 and is anticipated to exhibit a CAGR of 20.4% during the forecast period set between 2019 to 2026.
Geographically, North America earned the maximum medical marijuana market share with a revenue of USD 5,994.9 million earned in 2018, that is anticipated to reach USD 24,578.3 million by the end of 2026.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/medical-marijuana-market-102609
Medicinal Properties of Cannabis to Propel Growth
The increasing demand for legalization of medical cannabis across various states is a major medical marijuana market growth driver. Besides this, the rising prevalence of diseases such as Parkinson’s disease, cancer, neurological disorders, and acute pain diseases is also expected to aid in expansion of the market in the forecast period. On the contrary, increasing application of marijuana beyond the required dose may result in side effects such as hallucinations, dizziness, low blood pressure, and others. This may stand as a major challenge to the market in the long run.
Growth of North America is attributed to the rise in the number of legalization of marijuana for both medical and recreational purposes, coupled with the presence of major vendors in the region. Europe ranks second in terms of cannabis cultivation and is expected to witness significant growth owing to the increasing investments for research activities by many public and private entities in the forthcoming years.
On the contrary, increasing application of marijuana beyond the required dose may result in side effects such as hallucinations, dizziness, low blood pressure, and others. This may stand as a major challenge to the market in the long run.
INDUSTRY DEVELOPMENT:
September 2019 – The first ever medical marijuana tablets were launched by Curaleaf in Florida and is available across 26 Curaleaf dispensaries across the U.S.
March 2019 – Harvest One Cannabis signed an agreement with Health House for distributing Satipharm CBD Gelpell Capsules for carrying out business across Asia, New Zealand, and Australia.
Click here to get the short-term and long-term impacts of COVID-19 on this Market.
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Increasing Awareness on medicinal Properties of Cannabis to Offer Lucrative Growth Opportunities for the Rest of the World
Geographically, North America earned the maximum medical marijuana market share with a revenue of USD 5,994.9 million earned in 2018, that is anticipated to reach USD 24,578.3 million by the end of 2026.
Furthermore, the market in Latin America and the Rest of the World is anticipated to witness lucrative business opportunities in the years to follow. This is owing to the rise in prevalence of chronic ailments, psychiatric disorders, acute pain diseases and the increasing awareness about the medicinal benefits of cannabis.
Quick Buy - Medical Marijuana Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102609
The rapid developmental pace of medical marijuana and its wide expansion has propelled many players to enter into this market and make heavy investments in research and development of the same. Although the most crucial part is its production and cultivation, significant medical marijuana market revenue is derived from the pharmacological organizations.
Aurora Cannabis
CannTrust Holding
MedReleaf Corp
Emerald Health Therapeutics
The Cronos Group, Green Relief Inc.
Medical Marijuana, Inc
ABcann Medicinals, Inc.
GW Pharmaceuticals
Aphria Inc.
Canopy Growth Corporation
This one has the potential for a HUGE spike, but I would rather it go slow and steady...5-10% at a pop. This will keep people engaged and avoid huge selloffs like a spike would.
slow and steady keeps the MM's from manipulating by removing available shares because they can't shake them loose.
IMO, we will file to list on Nasdaq this year
Just from the upper management side, 14. That in itself is a lot, especially for an OTC company.
My guess is that this will uplist to Nasdaq this year...just need to close at $2 or more
There is ZERO evidence for a R/S. You may hear chatter, but you know gossip is for old ladies at tea parties
You have to remember, IQST is in 4 sectors, Telecom, Technology, Fintech and Blockchain.
Looking at Visa (NYSE: V), the credit card sector for Visa is worth $349B, so $51B for a company focused in that same sector and 3 others is plausible.
Would take years, but the potential is there.