Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Dude...
That's where he said he saw it and that's why I said he full of it.
Was a SA/420 investor article...
The only recent publicity I've seen for FITX...
Capitalizing On Cannabis: Mountains Of Money Amassing For Marijuana Investment
Jan 26 2014, 14:59 | by Alan Brochstein | includes: CANN, FITX, MNTR, PHOT, TRTC, FULL
(Editors' Note: This article covers stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.)
The cannabis sector is off to a great start in 2014. I will provide my typical monthly review next week, but I wanted to address a key issue separately. While ending prohibition, which Colorado has done and which Washington is currently implementing, is an obvious first step, it takes a lot more than legal change: It takes capital. The mainstream media is certainly picking up on this, with Time Magazine recently discussing it in a feature story.
The industry is in transformation, with production shifting from the black market to the for-profit sector. As I will describe, this is creating opportunities, though perhaps more for private investors than public investors. Still, as I detail, some publicly-traded cannabis stocks appear to be poised to capitalize on these changes.
I just checked pumpsanddumps.com
http://www.pumpsanddumps.com/search?q=trtc
= No posts matching the query: trtc
I am...
I'm quite concerned about it actually.
CNBC covered the Arcview conference at the conference. They interviewed Steve DeAngelo live on CNBC on the 22nd about the conference. The only person I've seen get any publicity from it is Arcview/Harborview. The only way that FITX gets any coverage tomorrow is if they call a live press conference and CNBC picks it up as it happens. Unless a SPECIFIC show is going to be recapping the event, to which there has been no official or unofficial statement even made on FB yet, no one is tracking this beyond IHub. This was a rumor put out in a post on another stock's message board and transported here.
CNBC already covered the event. Unless a specific show is going to focus on Bill and Sterling, they've already been there, done that on the 22nd. And if that were the case, then said "leak" would work for Suze Ormond or Cramer, not CNBC... I'll be ecstatic if we just hold in the .04's tomorrow. I'm not basing this on the available technicals or the RSI or the future. I'm basing it on momentum and unless a OTC is being talked about, it's being forgotten.
A $12 million dollar investment in Essex DOES buy a lot of jars lol
Nope, I got it from a Time magazine article link at the beginning of the month when all of the news was that CO was running out of weed already in the first week.
Every major operation I've seen in CO hangs it upside in a dehumidified room... They also see approx 1,000 - 1,200 lbs per 10,000 plants. They also produce 325,000,000 tons every harvest. Nothing about this sounds as far fetched as your days of scoring quarter bags would lead you to believe.
CNBC was at least there...
Considering they interviewed Steve DeAngelo LIVE on the 22nd during an 8 minute segment, I find it highly unlikely that Bill and Sterling get their own coverage on Monday...
http://video.cnbc.com/gallery/?video=3000236963
http://www.cnbc.com/id/101350386
Not pissing on anyone's parade. Just giving you the scoop so you aren't surprised on Monday when the IHUB rumored CNBC segment doesn't materialize.
The only thing known for certain is that CNBC was at least there. Considering they interviewed Steve DeAngelo LIVE on the 22nd, I find it highly unlikely that Bill and Sterling get their own segment on Monday...
http://video.cnbc.com/gallery/?video=3000236963
http://www.cnbc.com/id/101350386
Not pissing on anyone's parade. Just giving you the scoop so you aren't surprised on Monday when the IHUB rumored CNBC segment doesn't materialize.
Yeah the "private investments" that I've seen any public information about are in the $1 - $1.4 million range for start-ups. There doesn't seem to be anyone on the outside of the industry prepared to personally gamble more than that on any of these dozens of contenders hoping to pick one that survives into the next round.
Serious question...
First: GNC contract is on consignment, or not?
Second: As a cannabis product, it can only be sold in GNC stores located in states where it is legal, or no?
Can't say I agree there...
Until someone shows me otherwise, last I heard, they lost almost $6 million last year.
I watched 250,000 / 500,000 / 1,000,000 shares getting swallowed whole at the current pps and above the last few days. The resistance to panic held much stronger Friday than Thursday. IMO people are sitting in a comfortable position and wouldn't toss their hand without making a significant gain. We may not be able to control the bids but we can stick to our individual sell price.
350 million shares traded Thursday. 200 million Friday. I think there is still tons of momentum and support throughout the 04's and 05's already.
As recently as Thursday, millions of shares got vacuumed up at .03 during that dip so it's still certainly possible to walk the price down to incite a panic and still be making a profit all the way down and then back up. That type of weekly manipulation may sucker a few people. But it's going to do more harm than good this year by ensuring that new money avoids it like the plague.
Do not be overly zealous about the bank news...
There is a HUGE area to cover between allowing them to have corporate accounts that are knowingly funded by money from MJ and any bank anywhere issuing to small business loan to an up and coming entrepreneur who wants to start a grow farm. Fast Food Franchises are considered high risk by bank standards. Just imagine how volatile and risky they think an emerging underground industry will be in the first decade.
Growlife is voting in 2 weeks (Feb. 7) whether to dilute THEIR stock by 2 billion shares to raise the capital to create a turn key franchise fund (GIFT) with other industry components so they not only exclusively supply the growing equipment but also collect revenue from the grower. So far, the general consensus is that the vote is a yea and the program is going to be a go.
"what kind of sophomoric tactic is that? And you don't negotiate corporate deals over Las Vegas conference rooms on party napkins...you bring back written contracts and have lawyers pour over them, send them back, look at the edits, and back-and-forth, and once more for good measure."
You spell it out in your own post. A deal was struck on Thursday. Now contracts have to be done, reviewed, edited, etc. Everyone is sooo pissed off that it didn't happen by lunch time while at the same time understanding that it takes time... Completely bi-polar logic...
For what it's worth...
That WAS NOT Bill speaking in that video. In case you have some doubt, the presenter introduces Bill and Sterling who were standing behind him on stage until he started his presentation. I'm pretty sure he was senior management for CEN Biotech but definitely not the CEO of FITX. CEN is only a subsidiary of FITX, not the parent company
Completely agree 100%!
Everyone is squabbling over whether to buy in at .03, .04 or .05 because of a shitty 4 minute phone cam video that maybe 2000 people will ever even care to see. Point is, they have a market, they have clients and they have partnered up with their equipment supplier.
If you want to put your money into Phillip Morris or any other tobacco conglomerate at $81 a share and bank on them changing their operation to incorporate pot then go right ahead. If this makes it to $0.07 EVERYONE made money. If it hits $0.10 EVERYONE made money. If it hits $0.50 EVERYONE made money....
Unless my memory fails me, this happened sometime in the last few days....
You'll notice at the bottom of the web page that it clearly states: Date Modified: 2014-01-10
I too can not believe that Canada doesn't have someone sitting in front of a computer just waiting to update official government web pages by the minute but alas it appears to be the case
Maybe APPLE doesn't, but TOYOTA does!
Stock is down 8/10 of a whole penny. OH NOES! Yesterday they managed to drop the stock 50% and it recovered in what? 15 minutes? Today it was trading almost as high as yesterday. Even after the massive share grab I still see shares and volume rising. In case you didn't realize it, pretty sure we're just fine, folks.
I'm really not sure WHICH huge announcement in the last 24 hours has everyone running for the hills...
The announcement by Holder that they are going to allow the banks to conduct business with MJ companies in the US legally...
OR
FITX doesn't need anything from ARCview, but it would still be nice, since they just partnered up with PHOT who has already announced that they are doing a turn key financing program.
OR
News from Texas to New Hampshire that everyone is laying off the pot smokers
Take your pick but it's ALL big news for this industry
Those 4+ million shares snagged at .032 during the 15 minute raid yesterday just got dumped for a profit at 0.04 and everyone thinks the sky is falling haha
They couldn't keep this stock at .03 for more than 30 minutes even if they were buying their own shares back to stall it... That being said, I wholeheartedly agree that it can hover between 10% up and 2-4% down all the way up to NASDAQ status.
I admit I thought it was a violation at first too but then the fact that it was announced in a public forum just like any other made perfect sense to me. In today's world, Facebook is as likely, if not more, to reach the same number of interested readers as posting it directly in a newspaper.
Perfectly comfortable riding this wave all the way down and back up. The bids down get eaten just as fast the as the bids back up do.
Maybe "BOOM" "POW" "SHAZAM" & "HOLY F&^K!" Don't get people excited...
But THIS should!
Should be obvious to everyone...
The only way this stock sinks today is if you give into the nay sayer trying to steal away your investment at your expense... If you don't sell below $0.05 then the price doesn't drop below $0.05. Period. Ignore the "indicators". If a company can go up $52 overnight during a market selloff then this one can be sold for $0.06 today too.
Should be obvious to everyone...
The only way this stock sinks today is if you give into the nay sayer trying to steal away your investment at your expense... If you don't sell below $0.05 then the price doesn't drop below $0.05. Period. Ignore the "indicators". If a company can go up $52 overnight during a market selloff then this one can be sold for $0.06 today too.
I'm not saying that you don't know EXACTLY what you are doing, Supertrooper. I fully believe that you do. BUT...You have been posting missed predictions ALL DAY all over this sector.
I'm not knocking your game plan. However, considering the cliff dive that took place over there and the immediate rebound, AND the general steadfast position most of the investors seem to have about Bill and his nearly infamous FB page AND the fact that they are DIRECTLY involved in the MJ business now and not just supplying growing equipment... I'd say that any change in regulation benefits them far more directly than PHOT. I'll be shocked if this news doesn't guarantee that everyone who's holding stays put and the day traders are the only ones selling so the price is going UP, UP, UP. No one invested in this industry is going to sell at a significant loss with increasingly positive news coming out almost daily...Especially not at the .02 pps you have been suggesting.
3pm was a raid on all of the people in this industry sector that had a price point trigger set to automatically sell if the price dropped below a certain point. People were spreading fear all day that the bottom was going to drop out from under these stocks and then they created the drop to buy more shares at a 50% discount. The hardest hit dropped 50% and then still bounced back up to a new record high... It was based on nothing but grabbing millions more shares to unload tomorrow at the same, if not higher than today.
You are LITERALLY making up numbers you are pulling out of thin air. You have no knowledge or figures to base your .02 pps on. They could issue them shares at .20 pps and they could still earn multiple times their issue value just as easily. Your entire argument is entirely your OWN speculation.