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Was glad to pick up another 2 M today at 4.. adding to my 7M accumulated from 2s
Have a feeling i will be averaging up here for quite some time yet to come.
XCLK
Check my recent posts.. some here thought I was kidding today.
Hate to be the bearer of bad news for longs, as I strongly believe in the company but I will always speak the truth.
Those who hold will be happy next week but today/tomorrow they may not want to watch if they are all in with no dry powder left.
NGCG
Funny how a 500K buy @ 0.0005 moved several million off the ask.
Next leg is coming soon
XCLK
Lol. EOM
NGCG .025 printing. Confirmed bottom is in. Lets rock and roll folks.
Agreed, the bottom will not be as obvious as the current 0.0241-level is... this is a head-fake so retail runs out of dry powder and cant buy as much while MMs are actually accumulating the bottom (and also helps accumulation by panic selling for a quick loss) IMHO.
Expecting a high close today may bring sore disappointment. I am looking for the RSI to go back toward 50 and the price to at least come back into the BBs before the next leg begins.
NGCG
They are supporting @ 0.0241 to make retail buy above before dropping it lower.
Watch and learn.
NGCG
Glad I unloaded everything at the top yesterday... I don't trust the non-retail MMs at all when they show up in numbers like they did late in the day. Reloading some at very low 2s and then the rest at 1.7-area
This is a SLOW WALK DOWN... supports will hold only to make people "buy the dip" until they don't hold anymore (0.025 is the case in point)
NGCG
Perfectly engineered double top @ resistance (0.0315)
Now they will slowly walk the price down, make fake recoveries gain momo and sell to retail at the new lower highs. They have all day to take this back to the BBs, and perhaps eventually, close the gap.
NGCG
Yes, I am looking for a gap and trap today... then a dip to test supports and possibly close the gap with a paint below higher bid support.
NGCG
Seems to me that ASCM is the one loading at 0.027 -- he does not load to take losses.... he loads solely for large profits.
He consistently is trying to make the higher asks at 0.028 area (which has already significantly thinned out since the leg to 0.03) come down to 0.026-0.027 where he remains top bidder. large asks that pop up at 0.027 are gone before they are shown on L2...
NGCG
Yup, accumulated 1.65M -- now to move higher & profit on it.
Nice and thin to get above 3 before close.
NGCG
Like TH<Z but way better management, SS, and business model/growth.
NGCG
Agreed, I think half of the delay is so they will have more data to put in that Subsequent Events section for us to base our speculation on!
XCLK
The ask has really thinned out. Expecting a near-HOD close with a gap and run tomorrow morning!
NGCG
I have to say that I am thoroughly impressed by the management, business model, rate of progress, transparency with shareholders, positive cash flow and legitimate growth potential NGCG has.
Here is a short, simple list to elaborate on the above points:
1) Company primarily issues restricted shares (for "Monster" acquisition, services, executive salaries and incentives)
-- The sole exception being a court ruling against the company for defaulting on a convertible note
2) The authorized share count has been reduced to 750M from 2B (nice move!)
-- Of roughly 490M shares in the OS, 440M are restricted until at least October 2015
3) Management is clearly highly-qualified for their respective positions
-- They've proven this with their transparency and overall operating efficiency/speed. Very lean.
4) Their desire to be audited and file a Form 10! (transparent!)
-- To me this is management telling us (in the least fluffy way possible) that they intend to uplist and get some major financing (or a line of credit) to help them deal with cash flow issues which will arise from dealing with large retailers (accounts receivables).
5) Delivery on every promise has been stellar. No fluff!
-- Adding products, getting distribution deals (apparently they were not joking)
6) The consumer products offered are clearly well-informed by research on the given niche they are delivering to.
-- Combining growing industries with quality products is very wise
7) Profitability, high margins, bigger revenues than the 10-K makes it seem
-- The first few Qs are all dashes on the revenues/income balance sheets.. I can't wait to see what an actual full year at this rate will yield.
The full package here: food, alcohol, MJ, marketing expertise along with intelligent and qualified management is a signal screaming to buy and hold. The fact that there has been enough action to warrant meaningful PRs almost on a weekly basis should not be overlooked. This is a model of how a business should ideally be developed; they are making it look easy!
NCGC
Perfect balance of volume, float, and price appreciation here. This is consolidating as it rises.
Expecting an awesome power hour and close with a gap&run again tomorrow.
NGCG
On super-bull runs like this it is not uncommon to have 3 or more consecutive gap and runs.
I think there is a good chance for that here with NGCG this week.
Really like today's news. There is not a single puff of fluff in Todd's updates but it doesn't take a genius to see that he has major developments in the works which have been planned for a long time and are just about to come to fruition.
EDXC
Credibility = gone.. you are ignored.
This has plenty of room to run still.. RSI at 40 is a joke. This is going to pennies!
KATX
Sellers are going to want-to-throw-up-by-Friday. Heck, probably much sooner even!
NGCG
The float is locked.. NGCG will rise-to-THCZ-levels-in-short-time.
Such a small float for these prices.. and on good news like we had today.. should be nice green legs on her... separated by short consolidations
KATX
Glad I got a measly 100K at 0.0046 today
Definitely holding for pennies here.
Weed 3 was extremely well done. Despite the fact that many of us who are invested in the sector already knew most of the data presented, seeing it concisely presented to the masses on television was great.
I like the compassionate perspective taken; capitalizing om cannabis (on now) is basically the exact opposite.
Had to stop watching it 15 minutes in cause the constant flashing of $$ and theme/perspective of pure greed, seeming to lack substance was too repulsive.
Dr._Sanjay_Gupta: It's_time_for_a_medical_marijuana_revolution
http://www.cnn.com/2015/04/16/opinions/medical-marijuana-revolution-sanjay-gupta/
Excellent article, thank you Neo
Imagine if Obama just reschedules (perhaps even legalizes) MJ by himself next week
In an interview that will air for the first time this weekend as part of CNN's latest installment of its medical marijuana documentary series "WEED 3," President Barack Obama signals support for medical marijuana and for rolling back the federal government's war on drugs.
CNN's chief medical correspondent Sanjay Gupta, a vocal supporter of the legalization of medical marijuana, asks Obama in the documentary if he supports the goals of a historic Senate bill introduced in March that seeks to make several major changes in federal law, including drastically reducing the federal government's ability to crack down on state-legal medical marijuana programs, encouraging more research into the plant and reclassifying marijuana as a less dangerous drug.
"You know, I think I'd have to take a look at the details," Obama began in response, "but I'm on record as saying that not only do I think carefully prescribed medical use of marijuana may in fact be appropriate and we should follow the science as opposed to ideology on this issue, but I'm also on record as saying that the more we treat some of these issues related to drug abuse from a public health model and not just from an incarceration model, the better off we're going to be."
Obama went on to use current tobacco policies as an example of a model the United States could employ to move away from its punitive approach to drug users.
"One of the great victories of this country has been our ability to reduce incidences of smoking, increase the incidences of seat belt use," Obama said. "You know, we save tens of thousands, hundreds of thousands of lives every single year. We didn't throw anybody in jail; we just made sure that they were well-informed and if somebody has an addiction, we made sure that we made it easy for them to get help. And I think we need to re-emphasize that approach, because we don't want to encourage our kids to engage in drug use, but there are going to be more effective ways than, too often, the approach we're taking today."
The U.S. has the largest prison population in the world -- housing 25 percent of the globe's prisoners, but only 5 percent of the total world population. That figure has been boosted by often harsh and lengthy sentences for nonviolent drug possession or distribution crimes. According to research from the Sentencing Project, a prison sentencing reform group, there were around 40,000 drug offenders in U.S. prisons in 1980, but by 2011, that number dramatically increased to more than 500,000.
Obama's comments to Gupta echo sentiments he voiced in February backing the removal of criminal penalties for nonviolent drug offenders.
Sen. Cory Booker (D-N.J.), a co-sponsor of the Senate bill Gupta was referencing, also sat down with Gupta in CNN's new documentary and slammed the federal government's marijuana laws as hypocritical.
"We now have had three presidents that have admitted to smoking marijuana," Booker said. "People that are in public office all throughout the Senate have said, 'Hey, I've smoked marijuana recreationally.' How much of a hypocrite do you have to be to say that I broke American laws using pot as a recreational thing and that I'm not going to support this idea that as a medicine for severely sick people, that they shouldn't be able to access this drug?”
Dan Riffle, director of federal policies for the Marijuana Policy Project, told The Huffington Post that U.S. tobacco policies could be effectively applied to marijuana nationally.
"I’d agree with President Obama that we should look at how we've reduced cigarette smoking rates to historic lows, and apply those same tools to marijuana," Riffle said. "That would require moving marijuana out of the Controlled Substances Act’s list of schedules altogether, just like tobacco, and instead using taxes, honest education and sensible regulations. That’s what’s working in Colorado now, and what every major poll shows the majority of Americans are ready to do."
Under the Controlled Substances Act, or CSA, the U.S. has five categories for drugs and drug ingredients. Schedule I is reserved for what the Drug Enforcement Administration considers to be the "most dangerous" drugs without currently accepted medical value. Marijuana has been classified as Schedule I for decades, alongside substances like heroin and LSD.
Riffle says the medical marijuana protections bill introduced in the Senate last month is a "great" bill, but also explained that he's critical of one provision that only moves marijuana to Schedule II -- the same schedule as cocaine and methamphetamine.
"That’s obviously not the appropriate category, and moving it there wouldn’t address bigger obstacles to research, like the DEA and NIDA’s control over the supply of marijuana available to researchers which the bill does separately," Rifle said.
To date, 23 states and the District of Columbia have legalized marijuana for medical purposes, and 13 others have legalized the use of limited marijuana extracts for certain conditions. Multiple studies have shown a range of potential medical benefits, suggesting marijuana combats aggressive cancer, slows the spread of HIV and stunts the progression of Alzheimer's disease.
Recent polls suggest a vast majority of Americans approve of legalizing, or at least decriminalizing, medical marijuana.
CNN's "WEED 3: The Marijuana Revolution" premieres Sunday at 9 p.m. EST.
After reading over pretty much every filing and PR.... I could find about the company -- now that I have finally had a chance to really do some serious DD since learning of this company last night -- I have to say that I am thoroughly impressed by the management, business model, rate of progress, transparency with shareholders, positive cash flow and legitimate growth potential NGCG has.
Here is a short, simple list to elaborate on the above points:
1) Company primarily issues restricted shares (for "Monster" acquisition, services, executive salaries and incentives)
-- The sole exception being a court ruling against the company for defaulting on a convertible note
2) The authorized share count has been reduced to 750M from 2B (nice move!)
-- Of roughly 490M shares in the OS, 440M are restricted until at least October 2015
3) Management is clearly highly-qualified for their respective positions
-- They've proven this with their transparency and overall operating efficiency/speed. Very lean.
4) Their desire to be audited and file a Form 10! (transparent!)
-- To me this is management telling us (in the least fluffy way possible) that they intend to uplist and get some major financing (or a line of credit) to help them deal with cash flow issues which will arise from dealing with large retailers (accounts receivables).
5) Delivery on every promise has been stellar. No fluff!
-- Adding products, getting distribution deals (apparently they were not joking)
6) The consumer products offered are clearly well-informed by research on the given niche they are delivering to.
-- Combining growing industries with quality products is very wise
7) Profitability, high margins, bigger revenues than the 10-K makes it seem
-- The first few Qs are all dashes on the revenues/income balance sheets.. I can't wait to see what an actual full year at this rate will yield.
The full package here: food, alcohol, MJ, marketing expertise along with intelligent and qualified management is a signal screaming to buy and hold. The fact that there has been enough action to warrant meaningful PRs almost on a weekly basis should not be overlooked. This is a model of how a business should ideally be developed; they are making it look easy!
NCGC
Spoke with the old IR today... he was very friendly and shared some valuable information with me. I just want to also say that he seemed trustworthy and doesn't seem to have a position here (which may otherwise present a conflict of interest).
He said the added OS since year-end was stock incentives for management and was done with restricted shares. The float is about 50M and, due to their corporate status, they can't dilute shares on the open market to raise operating capital (explaining why they've done only private financing lately).
I honestly think that there is a major promotion coming here and the group running it has intentionally acquired a major chunk of the OS so they can run this thing really hard.
In light of the fundamentals and other available information, NGCG will probably harder than THCZ did.
NGCG
What a move today. Relentless buying whenever volume was available.
Amazing amount of panic buying to close the day. I would be surprised if we don't open and get above 0.02 quickly on Monday in light of volume, momentum, and MJ industry catalysts this weekend.
NGCG
Comparing this to THCZ... this one is way undervalued fundamentally.
Big moves are coming with a little exposure.
NGCG
Wow, great DD post, this is awesome.
So glad to be here today before next week.
NGCG
Everything about this play is positive:
Small SS, cash-flow positive, minimal liabilities, perfect story that OTC -traders like (including the big ticket items: currently in stores, MJ-related, alcohol, food), major recent volume and still essentially near the ground floor, chart is screaming buy as MAs were just crossed and tested and RSI is only now just leaving oversold territory.
Huge moves coming here next week, IMHO.
NGCG
Very interesting daily and weekly chart here.
With 80%+ of the OS held by the two executives as of February, this seems tight.
My only questions are regarding the terms of the ~$300K convertible debentures and using that info we can arrive at a reasonable estimate of the current OS.
KATX
Not worried one bit. Sellers here will be crying soon.. and they are only helping us setup a higher base by selling 5s and higher....
higher highs higher lows, lads.
XCLK
Likewise, waterpro, I think we are in for a nice ride here in the short term.
Someone clearly WANTS shares and is seemingly willing to buy an unlimited amount in the 0.009 - 0.01 range.
NGCG
It will be very hard to release any of my shares before we see 0.01
XCLK
Very interesting moves here, glad I got in at 0.0092 this morning..
There is something very big brewing here... can't quite put my finger on it yet but all of the elements for a major run are present.
Run may begin as soon as Monday next week and will likely see nice gains from here.
NGCG
You ain't kidding. This has hardly been PR'd let alone pumped and there is going to be enormous exposure and revenues for this company for the next 18 months and beyond.
This is an easy hold for me, glad to see you made it in while we sit in the trips and only at a fully-diluted market cap of $1.5M -- lol, they've probably done that much revenue in just this week alone.
XCLK
Looking good here brother. I loaded up 2s last Friday in the closing feeding-frenzy, hbu?
XCLK