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Share price is a function of several things
1) Expected future revenues
2) Market position
3) Assets
4) News which is yet to be announced
5) Premium relevant to the sector
6) Demand for shares
7) Short squeeze
You will see every low float big board stock that runs gets shorted and then when shorty has to cover the price runs exponentially.
This stock went up another 110% on Friday on a day when the Dow fell 1000 points which was it’s biggest daily fall since June.
A very selective article which concentrates more on sweeping and wide generalisations. None of it is specific to this IPO and the circumstances surrounding it.
You have your opinion and I have mine. However, I’m still a realist. I’ll ride this run as high as I’ll go.
But.
You need to factor in that Jorge Olsen has himself tweeted that since they filed the S1, both HPCO and GGII have been in an DEC stipulated “quiet period.” That’s a very long time during which they’ve still been running the company, developing even more new products and selling products etc etc etc!
Nick Ross has an agreement with the company but clearly is doing his part in not saying anything about the company until the quiet period ends on Tuesday.
SILVER BAR’s posts are a must read folks to understand the potential here and the wider tobacco industry and market.
Then extrapolate that information to the potential that Hempacco has and is already up, running, producing and selling to retail buyers!
Well sunshine the thing is that at least two twitter accounts with more than 40,000 followers are actively alerting, commenting on and following the trading in the stock.
One of those twitter accounts - Moonmarket has been actively promoting IPO’s to his followers since HK*D had its meteoric run a few weeks ago.
You can subscribe to upcoming IPO’s and get shares on Webull. Several of his followers have done just that. But they only go for the ones he recommends. After all there’s a lot of safety in numbers! Oh I forgot Moonmarket’s You Tube channel just passed 120k followers over the weekend! Guess what he’s talking about in his videos amongst other things?
If you watched the tape on Friday there were, in general lots of small buys and often off odd amounts. That kind of buying pressure is a strong indication that it’s retail. However that buying pressure was consistent all day once the small dip at market open was done and the price went green.
StockTwits followers have increased by another 100 or so overnight. Its now 7300.
Then the real big following is Rick Ross. In total 20m social media accounts spread out over Twitter (4.7m) Instagram (12m) and others follow Mr Ross.
That’s potentially 20m new shareholders of GGII. Quite possibly but allowing for duplication of people following Ross on multiple accounts lets say 12m. That’s still 12m potential buyers of the stock.
Another twitter account that I’ve already commented on has analyzed that GGII’s market value increases by $110m every $5 HPCO appreciates in value.
That will be reflected in the share price and retail demand for shares in GGII. It’s that simple. Don’t overthink it!
Stickied! AN ABSOLUTE MUST READ FOR ANYONE READING THE BOARD.
Many thanks for your excellent analysis and insight. Much appreciated Sir.
Want in slap the ask like everyone else sunshine. That other one was already at nearly two dollars before the reverse split was implemented - with a similar share structure and no revenues.
Slaperty slap sonny if you want a piece of the pie.
Rick Ross is already active on twitter holding the company’s products. Soon you might be competing with 4.7 m new buyers trying to get in or is it over 20m new buyers if you include Instagram et al!
I’d be laughing my socks off at the furus who’ve shown up thinking their usual tactics might work here - but I’ve already taken them off! Lol. Too funny. Nobody’s daring to flip because they can see how thin level two is and how thin the ask is.
Translation it can take off any time and it did without warning on a day the Dow fell 1000 points! Think about that.
It jumped from high 90’s to 1.08 in one go on Friday. Then closed the gap down to 1.03 then carried on look at the chart sunshine it’s stair stepping all day.
Diperty dip, riperty rip, diperty dip riperty rip.
Want in sunshine slaperty slap or get left behind!!
Rick Ross PR
https://www.otcmarkets.com/stock/GGII/news/Hip-Hop-Icon--Entrepreneur-Rick-Ross-and-Rap-Snacks-Founders-and-CEO-James-Lindsay-Partner-with-Green-Globe---Hempacco-t?id=325553
They’re already making 10m Hemp Cigarettes a month
https://www.otcmarkets.com/stock/GGII/news/Cannabis-Startup-StickIt-Signs-a-Joint-Venture-Agreement-with-Hempacco-a-Green-Globe-International-Division-to-Produce-1?id=333027
Going into Neutrceuticals and beauty products
https://www.otcmarkets.com/stock/GGII/news/Green-Globe-International-Inc-and-Curated-Nutra-LLC-Announce-Joint-Venture-to-Develop-and-Manufacture-CBD-Nutritional-Su?id=342499
Already have their products sold in vending machines
https://www.otcmarkets.com/stock/GGII/news/HempBox-a-Wholly-Owned-Subsidiary-of-Green-Globe-International-GGII-Enters-into-Partnership-with-High-Street-CBD-for-a-P?id=336819
Wrong TS*NP ran to nearly $2 with no revenues. Just on hype with a similar float.
This is the only new hemp/ mj IPO for several years
This company is already selling products direct to consumers. So it’s already generating revenues.
Rick Ross has 4.7m twitter followers.
Even if 5% of his followers decide to buy that’s 235,000 new buyers.
Here’s his Twitter account
https://twitter.com/rickross?s=11&t=jKqF3eSfR_sM3SXJ50oP2g
There’s a very well known phrase:
“The sum of the parts is worth more than the whole.”
Simple answer to your pm - yes.
If TS*NP Can go to nearly $8bn valuation with no revenues and multi Dollars in the share price anything is possible for GGII Hempacco!
The big difference with Hempacco is that we know revenues will catch up with any premium on valuation attached to the share price of Hempacco/GGII - remembering that GGII owns 79% of Hempacco.
Respectfully, I think that you are looking at it the wrong way round my friend.
The share price of a company is always a function of multiple things.
The easy ones are
Price/earnings the PE ratio.
Current Ratio = current assets/ current liabilities (that’s usually liabilities falling due in less than one year)
Gearing = debt/equity
But but but here’s the thing like certain markets, there can be a premium attached to the share price of a company which is not reflected by the numbers on the balance sheet.
That’s quite simply the meme stock factor.
Look at the price of Facebook in the early days before they had even floated. It was valued in the billions of Dollars. It wasn’t until Sheryl Sandberg arrived from Twitter and added advertising to everything that Facebook does that they started to bring in serious money.
Then of course the big meme stock is TESLA. In no way is the market valuation justified by the revenues they bring in.
Hempacco and GGII as it’s parent company is on the verge of becoming a meme stock because of the sheer number of eyes that will be cast on the IPO because of the wider market and the huge number of followers that the influencers have.
Here’s something else to think about. The IPO and how it went will probably get reported on Bloomberg and CNBC. I’m presuming that GGII as the parent company will get mentioned as well in the fullness of reporting. Not to do so would look like poor research on the part of the respective media organization!
Just think about what follows for a second.
TS*NP was valued at billions when it had a similar float to GGII and absolutely NO revenues. I believe that company is just gearing up to having some revenues, finally. That’s two years AFTER it ran to multi Dollars!
Just think now what position GGII is in compared to all the other mj runs in the past.
Admittedly TL*RY squeezed to $300 with a smaller share structure but you can see a theme building here. GGII has quietly been under accumulation all week. I keep pointing this out but it trades like the float is 50-100m outstanding shares. The ask was ridiculously small all day on Friday. Any walls got taken down.
1) They have set up a manufacturing facility and have a working supply chain. So they’ve sorted out any ingredients sourcing problems that they may have had.
2) They’re already selling the product. So they’ve sorted out any manufacturing problems that they might’ve had.
3) Like previous mj runs the share price appreciates on the expectation of future revenues. This time round revenues will start coming in because of the huge numbers of social media influencers with millions of followers that they have teamed up with.
4) A ready market for the product.
Moving on, a lot more States have legalized mj hemp products so the market is getting bigger and that’s just in the USA.
Just think about the world wide possibilities! Especially in Europe. The EU alone covers 320m people in Europe!
Once they start sales more proactively, I believe that they will also be able to use revenues from sales to help fund expansion. It’s all about horizontal integration in each country they’re operating in.
They can do it by either exporting the products to each market or setting up manufacturing facilities locally or have others to serve regions say something inside the EU to avoid what’s called the “common external tariff” Others for Asia and Africa.
In my view they can do it - but that’s if they take the right advice. If they haven’t done already.
Once they’ve secured their local supply chains they need to ensure quality is uniform.
If I were them I’d look very closely at the way some of the big tobacco companies are structured and take the best from each of them in manufacturing, distribution and marketing etc etc etc!
I think around the time of the first run it came up that Hempacco had received offers to buy out the company for big bucks but they turned them down as they could see the potential.
So all this time later they’re ready to move forward and firing on all cylinders. I really hope that they took professional advice from a top level Investor Relations or public relations company as to how to move forward with what to put in news releases and their timing.
There’s now a telegram room as well!
As I posted yesterday don’t forget that this is the first new listing of any hemp mj related company in a very long time.
Add in to the mix that they already have agreements in place with Cheech and Chong and Rick Ross. Ross alone has 4.7m twitter followers.
Then the Stock Twits board board has 7318 followers which is up 300 since I last looked yesterday.
Once the quiet period ends on Tuesday and the social media people start tweeting about it or saying that they are using the product orders will flood. The big thing is that GGII can name itself as the parent company of HPCO which I’m expecting to bring even more buying pressure.
Not sure exactly when the quiet period ends on Tuesday whether it’s from market open or literally from the exact moment that trading in Hempacco’s shares commences.
This IPO compared to the rest is different for that reason which as everyone knows is why it’s been reflected in the share price appreciation of GGII.
GGII $4,700,000 in Dollar volume traded today.
Follow the money!
Yes BUT it’s funny how you guys only ever show up after market close.
Everyone knows it’s the outstanding shares that matter. The float is 3.2bn.
TS*NP ran way over a Dollar with a similar amount of outstanding shares.
Want in slap the ask. The momentum is too strong and level 2 is very thin.
Folks another reason that this stock is running is because HPCO and it’s IPO directly impacts the value of GGII.
See this guy’s EXCELLENT tweets and analysis.
https://twitter.com/nxtplse?s=11&t=scHTdUf4Go--mk5htWvzbQ
The point he makes is that even if HPCO closes at $5 on Tuesday, it increases the valuation of GGII by $110m in one day!
Way higher but how high depends on how well the company handles it’s marketing on and after Tuesday.
I’m not making any predictions I’ll be watching to where market sentiment takes the price.
Saying that GGII is currently the second most mentioned stock on twitter.
Rick Ross the company Ambassador for GGII has 4.7m followers on Twitter.
This is now a meme stock.
Now I can understand why people were posting about a TS*NP type of vibe here last night.
Here’s a link to his twitter account
https://twitter.com/rickross?s=11&t=scHTdUf4Go--mk5htWvzbQ
Just looking at the tape 15 minutes ago you’ll see there were six buys at.0095 all the exact same time.
That’s market makers breaking up a larger order so’s not to push the price up.
The thing is I’ll be shocked if the company doesn’t have a PR scheduled for release next week which states that GGII is the parent company of Hempacco.
Apologies. I forgot the link to the S1A clearly showing that GGII owns 79% of the shares of HPCO.
https://docoh.com/filing/1892480/0001477932-22-006381/HPCO-S1A
Here’s the thing. IPO’s are red red red hot at the moment. I cannot stress this enough.
So the JZ IPO at $5.00 purchase price opened at $160! I kid you not. So the next IPO is next Tuesday and it’s HPCO - Hempacco which GGII owns 79.% of.
As you can see that fact of ownership is already being reflected in the way THIS stock is trading.
Hempacco is only issuing 1m shares. But here’s the way I see it.
1) Even when this stock ran to 15c it traded super thin. Despite being a fatty any buying pressure then and NOW takes the stock up.
2) There hasn’t been any new IPO’s listings for MJ/Hemp related stocks for a good few years so folks from that investment community are also probably taking a strong interest even if they aren’t posting anywhere on social media.
3) This stock has 7100 followers on Stock Twits!
4) The recent insane runs of IPO stocks will be reflected in the share price of the holding company.
5) I’d also expect some kind of news release pointing out that GGII is the parent company of HPCO.
This has 7100 followers on Stock Twits!
Lets also remember that this is the first Hemp/ MJ related new listing in a very long time.
So it will attract both the IPO investors groups as well as Hemp/ MJ investors.
The other thing to remember is that when a stock starts to run at this time of year, any sustained runners are few and far between.
So when something does start to move it will attract a higher percentage of the liquid funds available.
The thing I noticed on the last run to 15 cents and yesterday is that this stock trades like the share structure is much smaller.
Any buying pressure takes the price back up. As you can see it traded and stair stepped up perfectly yesterday.
Excellent this explains the link very nicely!
Ty for posting this. Your hard work is appreciated. Make sure you hit it up on twitter as well and tag @bmoe and @KickoStocks and @SarahGoingUp
That’ll get the word out and bring some more buying pressure.
Don’t forget to spell it out in your tweet! People need to be spoon fed on social media!
Very interesting looks like this is headed way higher to multi Dollars just to reach fair value. Perfect time.
Right sector right time
Not sure would need to check company website and SEC filings
Oil sector reverse merger. Perfect storm brewing. Right sector right time tiny float forward split!
What’s not to love!
Fifty cent break coming up. Moving much more smoothly today and setting up new trading levels as it moves higher.
With the share price rising to multi Dollars with this deal and them SEC reporting, surely an uplist is also in the works.
Company is an SEC filer/ reporter. Don’t worry 8K will follow in due course. They’re probably saving it as a news event to keep momentum going.
EVTN Microcap Daily article explaining the reverse merger.
https://microcapdaily.com/enviro-technologies-us-inc-otcmkts-evtn-the-banner-midstream-corp-oil-gas-reverse-merger/