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Crazy shit. Gonna be another big volume day. Who knows where the line in the sand will be. It was 36 for awhile. Maybe it’s 31 today.
That was good shit. And I like that the guy made Cutchens answer a question. He wanted to hear it directly from the CFO.
Most of the others we complete ass kissers who seemed just fine that their Verus acct was down 85% in the last year.
This is all on Anshu. He made some really bad decisions in the last 10 months and it has cost us. Not him. Didn’t cost him anything. But it has cost us.
CFGN squatting hard. For a few days I thought 36 was as low as he wanted to sell. Apparently that’s not true.
This seller has a score to settle with Anshu. That’s how it appears to me. It’s ugly and it’s ruthless.
Someone is trying to run this into the ground and their is only one person I can think of with enough shares to do that.
Ooof...
That didn’t take long.
We may breach .003 today. I think smart buyers are waiting for this dilution end. And I’m certain there is big money waiting to flood into this. But they aren’t gonna load until this bleeding stops.
That remains to be seen. But it sure does look like we will hit new 52 week lows today.
If CFGN is looming all day today, we will likely see .003 break this week.
Very interesting theory. So you are saying small dilution now to cover penalties and fees etc?
Do you recall how much Monaker had left from their most recent filing?
I wanna say it was only like 40 to 50 million. If they were selling last week, they are done. Monaker is the least of our problems and their filing showed they have sold in very small chunks each month.
Unlike Garnock dumping 23 million in two days. And somebody (maybe Garnock) dumping hundreds of millions in 3 days last week.
I never got my masks. I purchased on April 6th. I filled out a form on PayPal and it took several weeks, but I actually got my refund on Thursday.
I’m still very skeptical of TAM and thought it was odd that Anshu even stated “if we don’t make another dollar from TAM it was a great deal”
He actually said that in the CC. That tells me they are really struggling to finalize deals.
That’s where you are mistaken. It’s the OTC and rule number 1 is “don’t get married to a penny stock”.
There are plenty of people here who believe this company is, at the very least, semi legitimate. That alone separates Verus from 90% of the other OTCs.
They had their chance to be the one in a million that actually goes from OTC to big boards and they screwed its up when they allowed dilution. They also pissed off Garnock in the process.
The issue isn’t dedicated shareholders. The issue is management isn’t dedicated to “their” shareholders.
Can they still turn it around? I think they could. But now with Covid and people fighting in the damn streets every night, there is so much uncertainty. Anshu had a small window to really make shit happen and he didn’t jump through it. But he sure as shit paid himself like he made this a billion dollar company.
Do we hit new 52 week lows in the coming days?
Or is CFGN going to show us some mercy and move along?
Totally agree. I think we get that news soon enough.
Very interesting thoughts.
As for the Texas plant, I do t think they ever got the manufacturing equipment in. So that facility can be for whatever they want. Sounds more like storage for the CBD right now.
I don’t think Monaker has anything to do with this recent down turn. They disclosed how much they still held in their recent filing. It’s not that much. Nothing like what we have seen between the dilution and the insider selling the last 6 weeks.
Wouldn’t that be something!!! But still doesn’t change the fact that someone with hundreds of millions is selling. That’s a short list.
But that would be great news if that was the case. Doesn’t quite jive with his recent disposal of 123 million shares though.
Then Berdon is... clearly someone with hundreds of millions of shares is liquidating.
To the naked eye, it looks like dilution. But Anshu said the notes in default are already converted and sold. So I will take his word on that. But it’s possible he is wrong. I don’t know.
I’m leaning more towards Garnock because he already sold 123,000,000. He could very well be done with this little side project. Didn’t go as well as he planned for sure.
I also firmly believe that there were early plans to utilize this company for Garnocks CBD business. But something didn’t work out. And we may never know. Maybe Garnock wanted too much stake in the company. Who knows. All speculation. It for him to be selling while we are announcing CBD business is more than curious. Not concerning to me. Cuz I dont give a shit about Garnock. Let him sell. I’m tired of the pumpers using his mere presence as the sole reason to buy this stock. We will be better off without his presence if he is in fact getting out. I hope he lost his ass.
Impossible to tell. If CFGN keeps the pressure on for another week or so, I think we bleed into the .002’s. I’m ok with that. Except that buys in the 002’s are 100% gainers below a half penny and it makes it harder to move up.
I think if Anshu can put out definitive news on how the notes are getting paid, that would produce quick volume from the .003’s that could potentially help eat through Garnocks shares.
Ideally, Garnock (or whoever) is done selling by end of July. Then we would have all of August and 2 weeks of September to climb into that filing. I would think we could get back to a penny before that filing if... if... if... CFGN can finish his business by end of July.
Mind you, I think Anshu will have lots of news between now and then. BLF store placements. Elephant Drugs news. Financing news... who knows. But any of which would help eat through Garnocks shares faster.
Correct.
They will file on time and Q3 will show over $10 million in revs.
1. GCC- $7 mill estimate. (Based on Q1)
2. Vivamil Cares- $1 mill estimate (based on Anshu’s quote in the CC)
3. Elephant Drugs- $1.2 mill (based on Anshu’s quote in the CC)
5. BLF- Wild Card... if we get candy into TJX before end of Q3 then could be decent. Maybe $100k plus.
Add those together and I think we can get to $10 million. Any other big deals in any of those sectors could propel that even higher.
Q3 of 2019 was $3.5 million. So a $10.5 million Q3 for 2020 would be a 200% gainer. That would be HUGE
As for price movement between now and then... CFGN owns this bitch. It can’t move with him there. We did 250,000,000 shares in two days and couldn’t budge it.
That is Garnock liquidating in my opinion. If it’s not him, it’s Berdon or another insider. Time will tell. But I know this, it’s not typical retail. That’s where Anshu is full of shit. He knows damn well who is selling but can’t say. If we would have had 250,000,000 in volume in two days last summer this would be at .05+. That’s a fact.
I sensed that as well. Maybe Garnock is selling to that individual in the open market now.
I was astounded when Anshu said he doesn’t really follow stocks. That explains a lot.
For now, this is CFGN’s world and we are just living in it.
Or drowning in it. All a matter of perspective.
There was no gap in the chart. Gaps are based on the high of the previous day. Not the close. So our open at 42 was still within the high from Wednesday.
Lol.
Street credibility? Coming from the guy who has no idea how a reverse split works mathematically...Lol. And he wants to talk about street cred. You lost all credibility regarding stock knowledge when you literally argued your ass off on that point a couple weeks back. Utter embarrassment.
Pretty sure I said we would test those 52 week lows again even after the “big news” yesterday while others here were calling for a run to a penny.
How’s that for street cred.
Exactly what I expected. If CFGN is present, there is no news that will move this.
I think we have another month or so left of the dilution / selling. Likely to experience new 52 week lows during that time.
Then I see explosive PPS growth leading up to the Q3 filing in mid September. From those lows we easily cruise back to half penny and likely higher depending on the revs and BLF progress.
I think it will. Flippers who entered this morning will get frustrated and bail out end of day.
No worries here. Q3 filing should be the beginning of our next rise towards a penny.
I can see on the label that those are produced in Orlando. Very interested to see how this all came about.
You were very close!
Those were great questions.
Won’t likely go red because I just can’t imagine it doing that on big news. But I can see it closing flat on high volume today and then testing that 52 week low a few times in the coming days.
If Garnock or Berdon is selling shares (or whoever it is that happens to have hundreds of millions) this won’t move.
It will take the better part of a month to get through this.
I think our next big climb is when we are preparing for the massive Q3 filing. I suspect $10 million plus in revs. That will be our next big run.
CFGN won’t allow this to go above half penny today unless he runs out of shares to sell. So get prepared for a long day. Massive volume. Little movement. It’s great for the buyers. That’s for sure. They can accumulate as much as they want at .004 today and likely the remainder of the week.
I may add more myself.
All possibilities. But Anshu made it clear that Garnock has nothing to do with Pach Labs in the CC yesterday.
You want a prediction on the closing price today?
Wherever CFGN wants this to close.
Could be 40. Could be 70. Could be 36.
Whatever he wants. He is running this bitch. Period.
Uh... same guy that’s blocked the ask for the last month. Form 4 coming in a few days for sure.
CFGN gonna try to ruin all the fun. Clearly they know there is a PR out. Why not sell higher? I think it’s a deliberate attempt by someone to hold this back. Only one person I can think of who would be upset by our entry into the CBD market.
Andrew Garnock.
Yesterday’s high was 43 I believe. Needs to open at 43 or lower. We don’t want a gap in this chart.
Yep. Lots of pics of the gummies on twitter as well.
You could be right about that. Somebody clearly sold over 100 million but it almost seemed coordinated as if a buyer was lined up to absorb them. It was wild to say the least.
Maybe AG is butt hurt that Anshu is now selling CBD and didn’t use his products? Who knows. Seems he would have been totally in board with this new line of products.
He sold 23 million very near the low.
I think he is pointing to the fact that Garnock has disposed of 123,000,000 this month. And CFGN is heavy on the ask. It’s logical conjecture. Time will tell.
That’s very possible. If that’s the case I’m glad he is selling at 52 week lows. Screw him.
From a chart perspective, there really is no historical support between here and .002 area. And if Garnock is liquidating, that’s where this will go.