Empire Building 101
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Going to call today the bottom PPS. With the "bought" dealing closing and over prescribed we are off. Also don't forget they already announced they would beat revenue expectations. What we don't know is by how much?
Check out TRUFF. However the safe money is right here IMO.
Dumb question but with the NASDAQ getting creamed especially EV stocks what are the chances that somebody was called on margin? Sometimes things appear stupid but they are not always what they appear to be. Your thoughts?
Totally agree. WE are currently in a bubble for a lot of these penny stocks in this sector. A majority of them will not be around within a year. Surely high pot prices and dilution have kept them a float. This is not a prescription for thriving but a destination to the end. AS I have stated SHWZ is the best of the best with cultivation and retail. It won't be long before this story unfolds as Dye himself has said their is much more coming after Star Buds acquisition.
The more eyes the better. Yes I've been watching stocktwits for awhile and 315 is definitely the highest I have seen. The more eyes the better. I would be happy to see $3.25 taken out but still believe we need news. However Doc you worded that very well and could be the invite we need. GLTA
PS We break $3.25 will add another 5-10k.
After closing Star Bud's and a couple more accretive deal anything is possible. This really sums things up and the management itself.
Dye added, "As we proceed with our acquisition strategy, we’ve also taken definitive steps to reduce corporate overhead which further strengthens our financial projections. Specifically, we recently eliminated 15 positions at our headquarters and significantly reduced other spending that results in an estimated $5 million in annualized G&A savings beginning in 2021. These efforts are in addition to the elimination of one-time expenses as well as other deal-related expenses incurred in 2020. In the best interest of shareholders, the Schwazze team is constantly evaluating opportunities to streamline operations and implement additional efficiency measures as needed."
With this statement and the huge revenue increase look at what Dye himself is telling shareholders.
Hooparena appreciate everything you add to this board and your complete transparency. The turn around is obvious since Dye took over and without him this company was doomed.
The key to any successful business is management. While Dye is a talented CEO the fact is we have "thy" retailer Brian Ruden on board along with Joshua Haupt as cultivation adviser. From seed to distribution with the best of the best.
Dye is smart and assembled a team from executive board to board members that have experience and vision to get to this next level, The money Dye has invested here is no small potatoes and more about the vision than the money.
With the team assembled I believe $20 PPS will be a dunk shot. Why do I think Dye put so much money here? With the preferred shares and all management can control any votes to stop a takeover totally to the best of their ability to full fill the vision statement.
"Schwazze's vision is to build the most admired cannibus company in the world by devoting its resources to recognize the full potential of cannibus and provide high quality products to improve the human condition."
I see the minnow swallowing the whale here in time. The plan is there and IMO management is just working out the details. This story is being written and will be told by all of us many times over.
Dye knows what he is doing is virtually not possible without a dedicated team and kodos to him for bringing others on board where he has that trust. Many egoes involved when you have money and to have loyalty and trust is a rare trait these days.
Not at all I think Hoop is right the news can drop anytime. I just don't think(opinion) we will go above $3.25 until news drops. This news could come today or next month. Remember their is only a little over 5 weeks before 10k is out and hopefully Star Buds closing expectation.
Exactly and I did say that. I only pointed out their is dilution coming although it will be quite awhile before it is tradable shares. At least 18 months IMO and then limited to how much can be sold.
On another positive note, that article that I posted earlier today was showing all the equity offerings by other cannabis companies which are totally diluting their shareholders without enhancing share price for those holders. With these Starbuds deals, Dye hasn't diluted our equity once and when the company comes out with the next financial report that will blow the doors off in my opinion (I am expecting a big surprise), the market will finally realize what is happening here and the blastoff will really begin.
To say that DYE has not diluted once is totally false. These preferred shares gives the holders the right to convert at $1.20 a share. If the PPS is at $8 do you honestly think they won't convert? Yes their is time frames and provisions where they can't be dumped all at once. Yes the deal is good for shareholders and the preferred holders. Without this incentive it really makes no sense for preferred holders to only receive 8% as without the deal their is no Star Buds.
This without a doubt was a win/win situation but to say no dilution is not true.
Honestly I do not see this breaking out until Star Bud news or earnings report. Just not enough volume.
No margin account? I have one but never use it directly but I do as I do not have to wait for settled funds. Can use the money without waiting for settlement. Never use margin as it may very well be part the problem as a margin call get be nasty.
Probably not going to happen. The sector is getting hard hit today and to run against the tape isn't likely IMO. Many try to find a bottom before entering and this could very well carry over tomorrow. However any decent buy as you said could definitely change in a heart beat.
PS Everything I own in this sector is getting creamed.
Think a little longer than today. It takes one PR and this pops very hard IMO. Me nor anyone else really knows when they close on the Star Buds acquisition nor what the stock price does immediately as it could release on a big down day within the sector. This is a 6-12 month buy/hold for me. Look no further than the sector today and the PPS will never fight the downtrend on a day like this. Know what you own based on fundamentals and you will win!
IMO, Star Buds adds huge but what is really missed is going to be the organic growth from Purplebee's. Certainly someone who knows about the industry could chime in here. Edibles and vapes are the real story everyone is missing.
So much for TLRY ER giving the sector a lift. In fact it has sold off a lot already today. Sure would be nice to have some cash laying around.
Wrong. For OTC companies it is 90 days for audited year end financials. Last year they filed on March 30 which I posted last week and a copy of the signatures and dates. Really people who are investing in stocks especially in OTC really should know this. NASDAQ and NYSE listed companies have 45 days. This rule has not changed to my knowledge in the last 40 years.
No 45 days after March 31 or May 15th to be exact.
Overall I would tend to agree but...they obviously are close to profitability without the merger. IMO, with the merger the synergies instantly puts them very profitable immediately. Fixed costs and the elimination of duplicate costs and variable costs will be impacted with lower COG as volume increases. The fact that they instantly become very profitable changes absolutely everything IMO. Think synergies alone and redundant cost here is a game changer as they will be profitable now whereas CGC is talking next year.
Hope to see the TLRY effect here. They were up over5% last time I looked. Being 100% invested in this sector my hope is we should have a decent day tomorrow. We really need some volume to sustain any rally from here.
TLRY reported after the close today and beat huge on bottom line. .02 loss vrs. .14 projected loss. This should bode very well for HITIF. Being Canadian I believe this is relevant to HITIF.
Penny flippers or mm's can manipulate so easily. However, IMO a good buy. 71 stores and an entrance in US e-commerce.
Just got a 5k fill at .62 It should go down now...lol
My confusion on this board. Most everyone is talking $20+ PPS in a year. If you are truly investors why would you not buy when the PPS is within a penny or two of your buying point? To risk losing out on 1k shares for a penny or two is $20 or $40. How many times have you not got a fill? Probably more times than you can count. Traders and flippers trade in a range and obviously they are buying sub $3 and selling around $3.08-$3.10. Jus my .02 cents
Seems like simple math tells you to save $20 or $40 on a 1k and miss out on $17K if it goes to $20 seems pretty idiotic. This is one of two stocks I am accumulating long term and as funds are available I dollar cost average at the current PPS. With that said I always try and keep a few bucks for an attack on the sector itself. Thus I was able to pick 1k at $2.67 last Friday.
71st store opened today. We should get a PR tomorrow. GLTA
Earnings supposed to be March 8th.
Anyone have any idea as to the huge increase in volume and PPS increase afternoon today. Just bought in today ad it took right off with a huge increase in volume.
Not facing a mirror. Nobody puts 40K on the ask with something traded this thin without a motive and that being to stop the run. IMO
The large quantity ask was put up to stop the run. When someone puts up 40k and another one puts up 10K ends all buying immediately with a small cap stock like this. The manipulation is being done right here. Dead obvious now. Sell on the run up put up a big ask and scare away the buyers when it drops rinse /repeat.
The big question is who is selling through these through Vert Cdel etc and whomever. These are investers ,traders, flippers who happen to be going thru these various houses.
50k is 25% of average shares traded per day.
Just as I thought the flipper was right here all the time. Sucks when the wolf is in the hen house posing as a sheep. Disgusting.
Probably mad because someone beat them to the draw.
Not that I know of. It has bounced off this base almost every time in the last 2 weeks so it should make a nice flip for a few dollars IMO.
Looks like a run to the proverbial $3.25 Kind of wished we had a little more volume. I believe we need some real volume to get through $3.25 in order to make that the base.
PS Nice sell for 9.5k at $3.10 or almost $30k
Back in here for 1k at $3.72 seemed like the bottom.
Anybody buying here today or just talking about it? I just bought 500 shares.
Unfortunately not due till end of March as they have 90 days to report year end audited numbers. Did you listen to Justin Dye speak on the 11 minute clip? If not stroll back a few posts and listen. Very clear where this company is headed.
Talking Q4 21 run rate as that would be in between guidance of $115Mil -$125 Mil. Sorry about the confusion. I like how he talked profits and actually I believe said Q4 20 was positive in either cash flow(EBIDTA) or net income. Sometimes I have to listen a couple of times to be sure of what I heard and what I thought I heard...lol
vblack75'my thoughts too. My guess if they are proform numbers a good CEO always will underestimate and over deliver as that is what brings eyeballs. Hope to see early numbers as I really want to see what last years acquisitions add to the top and bottom lines. The key word Dye uses about any acquisition is accretive. If he does this as he is really indicating on this video others may want to come under the umbrella. With good management synergies are huge without the redundant fixed costs. My understand is a lot of mom/pop dispensaries are struggling badly. Get the numbers out early is always helpful when they are good.
Me to almost sure of that. However I can see a huge pump on the news coming. Purplebee's could be a big surprizse for Q4 revenues and surprise us. I figured $8.8 Mil while another poster said $9.0 Mil. Well Dye said Purplebee's was growing wildly. So if profor numbers Q4 21 looking at $30 Mil.
We are so under followed we may still get some cheapies tomorrow. IMO, the company will start promoting itself very soon especially now that their is a real story to tell. Getting the PPS to $10 and then do a secondary of 2 Mil shares would be huge! They have the management that could pull this off and get a real jump. Another $20 Mil cash infusion would do wonders and possibly make this a $350 Mil dollar company by 2022.
Some will disagree and say management would never do this but if they can get the story out this would be in everyone's interest for a much higher stock price.
Honestly the criteria you go by is almost the same as mine. The $100 Mil revenues or close is very big and profits in our Cannibus sector have been very elusive although some are getting close.
Here is a recent interview with SHWZ who I know you are very familiar with. This is only 11 minutes and well worth listening to. I have been buying and have mentioned many times. IMO it now merits an extra look and worth listening to. The float is #28 Mil with the total O/S 42 Mil.
Yes we did and quite often 2 people can hear the same thing and get a different mean. It sounds the Mesa and Purblebee's are doing awesome. Purplebee's could be $50+ Mil themselves in 2 years. Obviously the selling pressure subsides tomorrow. I've got a few more junk stocks and they have to go!!
Just listened and a little bit confused. He said $60 Mil for 2020 and 115-125 Mil for 2021. My thought is a $60-Mil Rn rate as we had discussed $60=$65 Mil run rate with the 6 new dispensaries for Feb. with nothing added. Now we are talking $115 Mil-125 Mil for 2021. Do you think he meant $60 Mil sales for 2020 and not run rate? That would imply much greater sales than $9 Mil. IMO it has to be run rate as that would imply $40 Mil for Q4 to get to $60 Mil sales which is actually absurd. If that assumption is right on my part they are assuming about $30+ Mil Q4 2021.
If I am wrong and we realize $115 Mil to $125 Mil as Dye said we have not any sales from the last 5 dispensaries or cultivation Q1 to speak of and that would put Q1 sales of $18-19 Mil Q2 $30 Mil $30 Mil Q4 $40 Mil=$119 Mil Sales.
Also mentioned Purple whatever is growing "wildly" Mesa is doing terrific. Used the words profitable quite freely. Dye used the word I have mentioned here frequently and not common with pot stocks and that is fundamentals. This is why I bought in. Your self and others are more chartist and tech guys which I believe are important but a real investor is looking at fundamentals. Things here are changing fast.