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Agreed, lots of media attention and truly meaningful catalysts for the industry are happening within a short period.
Now throw some EDXC news on top of that and we have ourselves a nice bonfire.
EDXC
You got it brother. Will take a look at SAMP tomorrow.
Yes, I believe that would be a requirement. Couldn't be a better time for that.
Any of these well-connected management can provide the capital to the company with no interest.. just to front the money - knowing revenues are forthcoming - so the buyback happens in the trips would be nice.
However, having previously mentioned that they would do that, they may not need to re-state it before doing the buyback.
XCLK
Yes very interesting wording for this 8-K... makes me think a merger or something is actually a real possibility. Anything positive is welcome of course... soon to be obviously undervalued in the trip-zeros.
XCLK
Boom!
XCLK
I wouldn't call this a decline, brother.
Nice channel here with a clear intent to load by what seems to be some kind of non-retail entity.
Volume up for sale is running awfully thin but he sure is happy to grab what he can here and now.
EDXC
Gotcha, the twitter guy was quite confusing.
Sigh, well let's see what the written ruling says -- there must be a reason she took so long. This can still be net-positive for the sector.
Timing is right for positive news with all the other stuff happening lately and Gupta's "Weed" documentary marathon this weekend.
EDXC
Perhaps she is going to recommend rescheduling instead of initiating a several year-long appeal to the 9th district then supreme court.
EDXC
Confusing but Judge Mueller will be releasing her written ruling at the end of the week.
http://edca.typepad.com/eastern_district_of_calif/2015/04/schweder-marijuana-motion-denied.html
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John Balazs
?@balazslaw
Oral ruling marijuana motion to be denied, final written ruling by end of week.
Mueller hearing set for 1:00PM EST
http://edca.typepad.com/eastern_district_of_calif/2015/04/schweder-marijuana-hearing-reset-for-10-am-today.html
EDXC
ARCA has been very regularly trading this stock and disguising himself as other MMs.
He has been VNDM's right hand man on the ask. The fact that the 74K bid consumed the 111.9K whack is a potential sign that he has just switched sides.
He would be able to see how much VNDM has left and may use the opportunity to accumulate the last big block and run it up to make a profit. If I were him, I would do the same thing.
EDIT: Now he is using retail MMs to instantly jump and retail bids.
RXMD
That ETRF block at 0.0138 is not retail. I bet it is ARCA.
Perhaps one of you has that order there but if you do, you just got front-run by an undisclosed non-retail MM buying that 111K sell there.
This is extremely bullish in my perspective after watching L2 for years.
Non-retail MMs like ARCA: NEVER LOAD TO TAKE A LOSS.
Some people just like to whack the bid and get out at the bottom right before a major run.
We will move up even easier without them making speed bumps along the way.
RXMD
The chart is setup brilliantly for an explosion once we get through VNDM.
In light of the info in the 10-K I believe VNDM is almost done completely.
This is a great place to be buying!
RXMD
Really smells like a major reversal is just beginning here.
Anyone who is on the sidelines or has dry powder has an opportunity to buy at ground-floor prices IMHO
RXMD
As of April 8th the OS was 90M +13M in treasury -- the A/S is now 500M (more than enough will be unissued after the terms of the Tarpon deal are completed)
At the end of 2014:
-- 41M O/S
-- $1.4M left of Tarpon deal
Given that we have had higher prices since the new year began, and that 50M shares were issued, I would think we are getting awfully close now to being released from the Tarpon-induced dilution chokehold.
We're still on track to have less than 150M O/S IMO and showing good trends as far as the elimination of convertible debts, the accrual of debt-related interest, and best of all, the growth of revenues with new deals to boast as the company moves forward this year.
RXMD
Major corporations have been backing Hillary for years - and they have often put their money where their mouth is.
http://www.zerohedge.com/news/2015-04-13/are-these-everyday-americans-hillary-clinton-running
If anything I would think their interest in her success will translate into increased success for XCLK as well.
XCLK
Agreed, Neo. I am loving the recent action and consolidation after coming off the mid-2s. The chart and action seen on L2 is strongly hinting at a major move just ahead!
EDXC
Found this thread of posts on a different site somewhat informative -- in case anyone hasn't already reached their capacity of legal jargon. This discussion is primarily in regards to the legal implications on marijuana classification if Judge Mueller rules that (general) scheduling of MJ is unconstitutional.
EDXC
From: http://www.theweedblog.com/a-federal-judge-could-rule-in-favor-of-rescheduling-marijuana/
Forgive the (lack of) formatting for this wall of text:
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Von Helen • 9 days ago
That's not exactly accurate. If she finds it unconstitutional, it will only affect the courts under her district. If it's appealed and goes to Supreme Court, and they rule it as not unconstitutional, things go back to status quo. If Supreme Court rules it unconstitutional, then the DEA's power to prosecute marijuana goes away, as all federal courts will be required to follow the Supreme Courts previous ruling. The DEA was created by congress to be controlled under the president. The courts ruling on it, is the balance of powers that our nations creators placed to prevent a congress and president from becoming too powerful. Specifically thou, the CSA states that rescheduling can be done by the DEA, AG, President, congress, and or the Supreme Court.
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Helen Von • 9 days ago
Also, the Supreme Court cannot reschedule or deschedule.
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AJ Helen • 9 days ago
Read up on Judicial Review please. It doesn't matter what the law says because the Supreme Court (ultimately the court system) gets to choose if that law stays a law or not.
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Helen AJ • 9 days ago
AJ, I read up on Judicial Review in law school and in my years of legal practice, so let me help you understand this. The SC can declare a law unconstitutional, but that's not the same as re-scheduling or de-scheduling. It just means that a prosecutor will not be able to get a cannabis conviction under the CSA. Only the Executive or Legislative branches can re-schedule or de-schedule cannabis. If Judge Mueller deems it unconstitutional, it will affect no one other the defendants in that case - absolutely nothing else will change. If, on appeal, the 9th Circuit deems it unconstitutional, prosecutors will be unable to get a cannabis conviction under the CSA in the nine Western states covered by the 9th Circuit, but nothing will change in the other 41 states. At that point, the DEA or Congress might decide to re-schedule or de-schedule. If on further appeal the SC deems it unconstitutional, prosecutors won't be able to get a conviction under the CSA in any state, and the DEA or Congress will definitely re-schedule or de-schedule if they haven't already. But the Supreme Court has zero power to re-write the CSA.
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Nathaniel Helen • 9 days ago
Since we are speaking literally, you have a point, but the power to alter the course of conviction makes the written law moot.
What good is a law on the books that can't be tried? It is fine we are arguing semantics, and you are right by the letter, but does it really matter?
Laws on the books are only as good as the society that follows them. Once enforcers can no longer place penalties on people a law just becomes empty words, right?
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Helen Nathaniel • 9 days ago
Please let me clarify. First, regarding semantics, this discussion was initially about what affect Judge Mueller's decision will have. Some suggested that her ruling would have, as you put it, the power to alter the course of convictions, which it will not.
You are right, and I explained this too, that the 9th Circuit (in Western states) and the SCOTUS could indeed render the CSA temporarily meaningless with regard to cannabis by finding the classification unconstitutional, but - if you want to leave semantics aside - what would happen then? Any such finding would be immediately followed by DEA or Congress re-scheduling it to Schedule 2, making cultivation, sale, and possession every bit as illegal as it is now in Schedule 1. So, both on the books and in effect, the courts cannot de-schedule or re-schedule or otherwise legalize cannabis for anyone but the defendants in the particular case at issue.
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Nathaniel Helen • 8 days ago
Fair enough. However, along similar lines I would ask this.
Isn't it essential that courts begin to side with state marijuana laws, eventually pressing the discussion towards how much power the federal government should possess over states?
Like it or not, the evocation of the 10th amendment is imminent in states where medical or recreational uses of marijuana exist: legislatures owe it to their constituencies to shield them from wrongful prosecution.
Isn't there a case to be made for federal overreach here? Doesn't the ball get rolling with the aforementioned presumed ruling [hopefully rulings]?
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Helen Nathaniel • 8 days ago
Absolutely. I agree completely. The courts are there in part to protect the will of the people from Congress when it passes bad laws, or fails to pass necessary laws, or when the Executive Branch overreaches. And like you, I believe it will be the courts that force the other branches to reform the CSA, beginning, I hope, with Judge Mueller's ruling next week.
I was thinking about her opinion. I hope she addresses all three prongs of the Schedule 1 test: no accepted medical use, high potential for abuse, and no accepted safe use under physician supervision. She doesn't have to; she could pick just one and find the test is not met, e.g., there IS accepted medical use, therefore the scheduling is unconstitutional, case dismissed. But here's the interesting part: if she doesn't stop there and goes on to find there is also NO high potential for abuse, and then the 9th Circuit affirms on appeal, the DEA would have to drop cannabis down to Schedule 3 if they want to get back into the cannabis-prohibition business in those 9 states, because high potential for abuse is also one of the requirements for Schedule 2!!!
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Von Helen • 9 days ago
As of 2014, the United States Supreme Court has held 176 Acts of the U.S. Congress unconstitutional. Many of those where portions of a law. They can and have the power, it's granted to them by the us constitution.
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Helen Von • 9 days ago
You are confusing the power to declare a law unconstitutional and the power to re-write the CSA by re-scheduling or de-scheduling.
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Vinod Bhat Helen • 9 days ago
assuming that supreme court will rule schedule 1 unconstitutional, What does it mean ? whole classification is void - same as de-scheduling.
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Helen Vinod Bhat • 9 days ago
If that happens, DEA will likely drop cannabis down to Schedule Two immediately, and cultivation, sale, and possession will be just as illegal federally as it is now under Schedule 1. So you can see that the courts really have no power to de-schedule or re-schedule.
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Vinod Bhat Helen • 5 days ago
The judge took the case based on supreme court foot note below . So, the ulitmate result should be people can grow marijuana at home. DEA can not make it schedule II. It will be just like alcohol (atleast I hope). Can DEA randomly say , you can not grow carrot at home or brew beer at home ?
Gonzalez v. Raich, where U.S. Supreme Court Justice John Stevens opened the door to a scientific review of treating marijuana as a Schedule I drug:
We acknowledge that evidence proffered by respondents in this case regarding the effective medical uses for marijuana, if found credible after trial, would cast serious doubt on the accuracy of the findings that require marijuana to be listed in Schedule I … Respondents’ submission, if accepted, would place all homegrown medical substances beyond the reach of Congress’ regulatory jurisdiction.
That is precisely what it meant. Now that she is indeed running, the entire "disclaimer" for a cliff-dive in revenues is good as gone.
Instead, the company is entering a rapid-growth phase fueled by campaign-related revenues and exposure to new clients who need the services offered.
XCLK
I just read this article, which was insightful, but also worth a good chuckle at the end.
IF you can get through all the "lawyering" jargon to reach the end, I would say it is well worth the read.
http://theleafonline.com/c/politics/2015/02/final-arguments-schedule-hearing-decision-expected-march/
EDXC
Very nice day. Lots of strength shown today. Loading the ask and almost zero bid-whackers or sellers (for that matter) left at these prices.
Set to launch on any catalyst from company/industry OR BOTH!
EDXC
Agreed, nothing else can reasonably explain such a high level of urgency, "saving" longs here to sell and save their souls!
Especially since this one is basically maxed out (O/S = A/S) -- therefore each long soul they save will only "damn" another; they have zero credibility. In fact, the more they negatively post the more I am going to buy.
XCLK
Not that it really matters but I was surprised to see zero shares sold into the bid at 2, especially considering that the spread was 2x3 for hours today.
Higher highs and higher lows it seems... and very far from any type of panicked sell-off as some here want us to believe is happening.
XCLK
IF the A/S was fully diluted, the market cap would be $900K-$1.2M -- way undervalued any way you cut it for a call center company that:
1) Does not have to pay its employees hourly or by salary, but rather, pays them commissions on their successful volunteer work
2) Will receive a % of the total campaign funds raised for Hilary Clinton's campaign, estimated to be in the ballpark of $2.5B
3) Has other clients, valuable services, and a revenue-generating business which will grow as they receive increasing exposure due to their high-profile ties with Hilary, Telepoint, and other influential/powerful people
4) Is going to do share-buybacks as a profitable triple-zero pink sheet company, suddenly capable of making millions in revenue
I think my favorite part is that the company has set its own costs of doing business via the commissions, and therefore, they will do quite fine over 18-month term of Hilary's campaign.
Consolidation was not only expected, but it's normal when you come off of no bid to 0003x0004 so quickly. Showing strength in the bid at 2 and the fact that virtually zero trades will even happen this week @ 2, which was the high last week.
XCLK
Welcome back. Knew you'd return. No one knowledgeable about Endexx ever ventures too far.
EDXC
It's nice to see BKMM loading lately - he is still trying to hide it but not as hard today. You can bet that the non-retail MM is NOT loading at 3 to sell for a loss!
Once he has accumulated enough, he will likely buy the 4s and 5s by himself.
XCLK
I like how the bid at 3 (with only 4M showing) just scooped up over 10M and went unscathed.
Someone is stealth loading for sure.
XCLK
Thanks for the heads up brother.
Will check you out and keep you marked
OMID
Good pints by CT, but what he doesn't know is that Friday the 0.0003s were up and today we barely traded any 2s at all.
Lots of strength here. Should be a great buy for anyone buying in the trips.
XCLK
Considering that almost no .0002s traded today, and any .0003s that were put on the ASK got loaded with major bid support showing, I think this consolidation is about over. Can't wait for company news, bout primed for the next move here.
It will only take a single smart buyer to realize this and take us to 5s.
XCLK
Expecting a close at 0.0005, maybe higher
XCLK
Yes, there are very few shares outstanding relative to 2 years ago; the OS only increased by ~30-40% as the company was in growth-phase.
The cherry on top is that the equity issued for acquisitions and working capital were done at the then-current market value and were non-toxic AND restricted (this type of financing is very rare in the OTC markets). Not least of all: back then prices were quite a bit higher, so as shares become unrestricted those who hold them will not be able to sell for a profit (which I doubt they'd sell even if they could profit).
I believe we will be getting some audited financials shortly along with a Form 10 to up-list. Time to load at these really cheap prices is running out... it will not be long now.
EDXC
Looks pretty interesting on L2 at the moment.
RXMD
Boy, shes looking pretty. Bodes well for rest of the week!
XCLK
I will admit that I was afraid you guys might have thought I had abandoned you so now you know that I still have hope... I'm just quiet (here) as I try to remain active only where my focus is most required.
Just waiting for a reason to post, bro
The only thing keeping it down is a mismatch in the amount of sellers vs buyers. Given that we all are well-aware of why there are "sellers" here, namely and almost exclusively due to the Tapron deal to relinquish all the debt. Things are bound to get better very shortly after the keg runs empty on cheap shares.
The real question that I would consider is if the recent PRs over the last 2 quarters are legit or now. If these deals happened then this is way undervalued here. So far, there is nothing to suggest they aren't other than the fact that management has been wrong (borderline lied) on time-frames for PR/news.
RXMD
Believe it or not I am still watching this. Waiting for this management to give us the revenue news that they verbally promised (me) was coming in February, and then again to others in March.
Still can be a huge success just taking longer. Not sure I am a fan of the fact that they came out of the dark and then went straight back into it (via not having to report).
Only time will tell here. There may be more darkness before we can see the light at the end of the tunnel but I will be watching, albeit quietly, for quite some time here yet. I don't feel any need to post constantly unless there is something going on.
RXMD
This is definitely a rare opportunity in the OTC-world. Been snooping around at this level for years and have never seen anything else like this -- not only tied to the presidential elections but an integral part of it.
XCLK
Wouldn't worry too much about THCZ, that is a pump and dump from the start.
Companies like EDXC will find the necessary financing on good terms as there are countless deep pockets scouring the marketplace looking for exactly the type of business model(s) that Endexx has to offer, free of the dilution and toxic debt to boot.
EDXC