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Okay. Thanks, I'll get it from her later. Just to be clear, you are confirming that the letter exists?
Check your inbox . . .
When they let it loose, it think it hits .04 pretty quickly. Someone just bought a sh*tload. If there is no dilution and the company is buying shares out of the market, this could be getting locked up for a massive run. The sector is hot - all we need is that stockholder letter to verify the verification!
What's going to be epic is when we find out this was the final buy back to lock in a separate class of shares for the company.
Per the twitter account:
"
3.We are in the process of purchasing shares out of the retail market.
Shares will be assigned to a new class of preferred shares and locked out of the market.
An official statement will come out at the end of the process.
Link, please!
It seems like MM CDEL has an unlimited supply of shares no matter what "offer" he shows.
(SCAM) Some Capitalists Acquire Millions
Damn, son! Put the crack pipe down for a minute or two at least! Look on the bright side and buy some stock here. Great opportunity - don't turn up your nose at it!
Well, interestingly, the morning gap down created another gap that now needs to be filled, on the way back up soon.
Only added to my few million - haven't sold since first purchase. Time and dips are your friend. Read David Hume sometime on the role emotions play in our lives . . . or Joseph LeDoux "The Emotional Brain"
The newsletter isn’t out. Why? Companies need to learn to not give time estimates they can’t keep. At the very least, if there’s a delay, provide some update or explanation. Follow through matters, especially with these types of companies with not much information out
There is no doubt the gap filled. None. It is done. Blue skies ahead. Now for that shareholder letter . . . Raul???
Value of one square foot of marijuana production
At production of 60 grams/sq.ft. and price of $3.00/gram = $180/sq.ft.
380,000 sq ft x $180 = $68,400,000
At production of 150 grams/sq.ft and price of $7.50/gram = $1,125/sq.ft.
380,000 sq. ft. x $1,125 = $427,500,000
At production of 300 grams/sq.ft. and price of $10.00/gram = $3,000/ sq.ft.
380,000 sq.ft x $3,000 = $1,140,0000
How many shares did they buy?
Company buying shares out of the open market . . . well, they just got one helluva deal! Only time will tell how many they bought. I think I remember them saying they will let us know when they are done. They may have picked up 100M this morning around .02 for a measly $2M. How deep are those pockets?
Okay, gap filled. Can we get on with it?
got some .019s! Thanks, market!
It will be easy to sow seeds of doubt until details start arriving . . .
Look into the following:
Clean shell
Reverse merger vs. IPO
"Oh, what a feelin'" when you realize that the DD you had handed to you was accurate after all, and you still had millions of shares in the boat. Time is your friend.
Whos the best trader on all of ihub???
Looks like they want to keep this range-bound .05-.06 until news breaks.
about to blow by yesterday's volume in the first two hours!
Bounced nicely off 50SMA and back above VWAP - good set up for the letter release . . .
Has the letter been released?? LOL big swing!
How's this gonna work?
If I understood correctly earlier, the website needs to be updated before the shareholder letter is released (the letter is set to be released on the website). So, as soon as we see the website go live, we can anticipate we are that much closer to the letter.
Do I have that about right?
Some of you are great traders and know how to nibble, buy, add, add more, etc. Not me - I'm a wait, wait, wait, wait, ah, there it is! All in! - type of guy. Ride, ride, ride, ride, and some day when the itch to buy elsewhere overrides the potential here, I'm gone.
I added this in all the accounts I manage and called others to do the same.
So, the order of events to unfold shortly here is:
1. Shareholder letter (tonight or tomorrow, possibly Wed. a.m.)
2. Get OTC current on filings
3. Announce company with which they are merging (may happen via filings with PR released simultaneously).
Congrats! I know that is a load off of your mind!
They really need to drop updates
Don't be afraid you are getting in too late. No way.
And we still don't know how many shares they have removed from the open market . . . that may be bigger than we are even thinking.
Shareholder letter due out early this week (today? tomorrow?) that will explain what they have done and what they are doing. Want to bet against clarity?
So, you're basically telling everyone to sell first thing Monday morning or totally miss out on a opportunity to buy more shares at a lower price?
WOW! Just WOW! Monday morning . . . BEAST mode!
Here comes the "I ain't holding through the weekend" dump.
Maybe that $5-$10 BILLION revenue number that NP threw out yesterday as potential if approval is granted for COVID got some folks "woke."
Of course they did - they had no choice. The sky is falling all around in hyper-media land and the control they have over the minds of many Americans demands some very "sound scientific" response to this horrible disease that is decimating the population at a rate nearly as bad as the seasonal flu . . . But the hype has been created and it bubbles and simmers afresh each day at 5:30 p.m. when the programmed robots begin their emotional appeals to America to cower behind closed doors and breathe once or twice an hour to prevent inhaling this "nightmarish scenario" of a mild flu bug. I was in a meeting today where an official said with a somber face: "have y'all heard about the study out of Korea? 10 feet may not be enough space for social distancing . . . it's more like 40 feet"! WTF???? Science is definitely gonna save us all! lol
Well said!
I would have canvassed the iHub message boards for the "right" way to do it before opening my mouth. I would have the call live-streamed so I could get instant feedback from iHub gurus on what I was doing wrong and change it mid-stream. I would also be sure to share my performance bonus for getting the EUA before EOY with those with the best "how to speak like a 'true' CEO" tips.