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FDA Approval came across EF today, for Metoprolol Injection.
Anyone else see the news? Looking for a nice bounce play from here once the news hits all the wires.
Shares are tight around here huh? Expecting to see a run as shorts cover.
I'm going to add a bit here, Have a pretty sizable position already but see this going to .02 quickly.
glta.
Next leg up coming!! .013's
I Like what I see here. Moving very smoothly today. Nice and steady!
What's going on here? News coming out this week?
TECO Low Float, RUNNING HARD!!! Up 30%
LEGALLY, where shareholders can profit. My dealer isn't publicly traded like CMSI. Not sure who you dealers are, but I highly doubt that they are running a legitimate business let alone publicly traded.
I think that it will pass with overwhelming support. I think that some of the media outlets and surveys are not representative of the voters that will be showing up to support Prop 19. CA will not let the country down on this issue. The Pro Prop 19 campaign is way stronger than the opposition's.
It is going to be an exciting time in the US after November 2nd. It will be the end of marijuana prohibition, something that people have been working extremely hard to accomplish for many years. NOW IS THE TIME.
Cannabis and Hemp will be the #1 cash crop in the US by 2020 IMO.
If weed was legal, this stock would make a killing if they went out there and approached all of the new client base. If they secured even a fraction of the new industry they would have residual profits in the tens of millions each year. CC Processing is a HUGE business and legal Marijuana will be too!
The PPS of this stock could be in the dollars if the management pursues new clients in CA like they suggest in their last PR. They have to time everything right and act accordingly when Prop 19 passes on November 2nd.
Great post! Time has come for an evolution in the medical world.
Number 13 Most Active Boards, more and more eyes watching this with all the hype surrounding the MMJ stocks! Next week is going to be exciting!
Number 13 Most Active Boards, more and more eyes watching this with all the hype surrounding the MMJ stocks! Next week is going to be exciting!
The Feds threatened the same thing when states started allowing the cultivation, distribution, and consumption for medicinal uses. Since then 13 other states and Washington DC have passed similar legislation. Have the Feds done anything to prevent that? NO.
Marijuana is still listed by the DEA as a schedule 1 drug which is described as; "a drug or other substance that has no currently accepted medical use in treatment in the United States." Furthermore, it is also stated by the DEA that no prescriptions of schedule 1 drugs may be filled.
Unfortunately what we are witnessing is the DEA trying to use scare tactics because they know that they are up against a wall. Jobs will be lost from Prop 19 passing. It is another example of the drug propaganda that they have been feeding this country for decades. They are embarrassed that they are about to be defeated by a bunch of pot smoking hippies.
On a side note, CA would riot if Prop 19 passed and the Feds came in and started arresting everyone. It is not possible for them to follow through with these claims.
Prop 19 stands an amazing chance to pass this November, even more so now that the DEA is challenging the voters. Fuel to the fire in my eyes.
Here is NORML's response to the FEDS statement today:
http://www.norml.org/index.cfm
The fact that Schwarzenegger decriminalized possession will cause more people to vote for Prop 19 IMO. If it is going to be punished with just a fine, then you might as well legalize it and tax it. The state of CA is in a bad situation financially, as we all know, and could certainly use the increase in revenue that would be generated by marijuana.
I agree with you that Prop 19 will pass by a landslide victory. CA will not let the country down on this issue. They have been working way too hard to get to this point. GO PROP 19!!!
It's not going to work, Prop 19 is going to pass. People are really supportive of it and younger voters are rallying behind it.
I really believe that it is going to pass.
Didn't copy and paste anything. My own words. Used to work in the industry so I know quite a bit about it. Figured I would share how it all works for people that may have been confused on the dynamics of the industry.
I will not provide you with all of the DD that I have done. How would that make any sense for me to enlighten you with all of the info that I have tirelessly worked to gather?
I think you are on to something by calling the company. You have figured out step 1 in the DD process. Congrats!
What have I posted that is not true. Have you even at the least read the PR's issued by the company? Please point out where I have misguided anyone with my information.
Sounds like you got served by Ihub and are still in shock over it! Have fun trading away your meager savings little one.
You are implying that I am a scam artist because I won't do all of the DD for you. That is laughable. Your trading strategy is top notch.
I'm playing the big leagues while you're playing slow pitch.
Some were named for you. I don't feel that it is my responsibility to do the DD for all of IHub. If you have an issue with their business then move along. I, for one, am happy with the results of my DD, and feel completely comfortable with my investment in CMSI.
GLTY.
I thought it was helpful information as to how the industry works. If you didn't think so, that is your opinion, and I respect that. But to not do any DD and just demand answers is lazy. Be an informed investor/trader and do your own DD.
I'm not here to do your DD for you. Go ahead and research the company yourself.
VISA will direct you a merchant services company. Visa doesn't do their own processing. Like I explained, it is a string of people that have a hand in it.
I used to work in the industry of processing CC. Do your own DD.
Let me explain Merchant Services/CC Processing for you.
CMSI is a third party processing company or Independant Sales Organization also known as an ISO. They are the middle man between the parent processing companies(i.e. First Data Corp) and the Merchant (in this case, Marijuana Dispensaries).
CMSI provides this service for a fee which is usually a combination of a percentage of the total sale and a flat rate transaction fee. Transaction fees can be as high as .35 and the percentage can be as high as 5% of the total sale. CMSI keeps the entire transaction fee for themselves; which equals a lot of dimes and quarters adding up everyday.
Now with that percentage it is broken down like this:
2% of the total sale goes to the card issuer (i.e. Visa, MC, AMEX)
The remaining amount of the percentage is split between the ISO and the parent processing company. So for instance if someone were to buy an ounce of Medical Marijuana for $400 and used their debit card for payment, then CMSI would receive roughly $10.25 for doing virtually nothing.
This is a VERY lucrative business, mainly because merchants have to accept Credit Cards/Debit Cards. And the contracts that are in place offer residual income. It continues for the life of the contract.
Just think if you received even just .10 per transaction and only 1% of the total sales of Walmart! That is HUGE MONEY for securing that contract. Now think about CMSI's contracts that they already have in place with the dispensaries, every swipe of the card is more and more money piling up with little to no overhead cost!
CMSI also makes money by selling and leasing CC machines. And the mark up on them is close to 100%.
If Prop 19 passes and CMSI can secure their place as the premiere MMJ Processor than they have a whole new world of opportunity opening up to them with "coffee shops" and "head shops" offering marijuana for personal consumption.
This is a huge market that has yet to be tapped into. I betting that means BIG $$$$ for CMSI.
All IMO, GLTY.
same pumper different board. Go UWRL!!!!
This party really died. Dilution may have struck again. Why has this not gone to the moon like cjstock had promised?!
So move along and troll another board. Why bother hanging around? I've never understood that on Ihub. Why would you waste your time?
This is the next MMJ stock to run!
Great management and business plan that isn't hinged to Prop 19, but will definitely benefit from Ca passing Prop 19.....WIN WIN!!!!
Company to Immediately Expand Operations in California as Proposition 19 Vote Approaches
http://finance.yahoo.com/news/Cannabis-Medical-Solutions-pz-2722517832.html?x=0&.v=1
LOS ANGELES, Oct. 4, 2010 (GLOBE NEWSWIRE) -- Cannabis Medical Solutions Inc. (http://www.cannabismedsolutions.com/) (OTCBB:CMSI - News), a leading company specializing in merchant payment solutions and products for the medical marijuana industry, today announced on Thursday of last week, California Governor Arnold Schwarzenegger (R) signed into law, a bill that decriminalizes the possession of up to one ounce of marijuana. The bill reduces simple possession from a misdemeanor to an infraction. Under the bill signed last week, SB 1449, by Sen. Mark Leno (D-San Francisco), marijuana possession will be treated like a traffic ticket. The fine will remain at one-hundred dollars, and there will be no arrest record. The law goes into effect January 1, 2011.
"Gov. Schwarzenegger deserves credit for sparing the state's taxpayers the cost of prosecuting minor pot offenders," said California NORML director Dale Gieringer. "Californians increasingly recognize that the war on marijuana is a waste of law enforcement resources."
"This act is further affirmation of CMSI's business strategy within this sector as a provider of financial security products on behalf of the medical marijuana industry, eliminating cash only transactions often leading to theft and fraud. We will continue to offer financial software applications that prove these medical transactions can be properly tracked, licensed and can create taxable income for states with approved legislation, while paving the way for further approvals in additional states. We expect our business model to eventually expand into all areas within the medical marijuana sector not only including financial security applications, but ownership, infused beverages, edibles and nutraceuticals through our client dispensary networks in California, Colorado and Montana,"stated Michael Friedman for CMSI.
Website looks great. Very professional looking and easy to navigate. Not sure what the problem is.
This is the next MMJ stock to run. Legit company that will profit off of Prop 19. Keep an eye on CMSI as November 2nd quickly approaches. Recent poll shows 48% (yay) vs. 41% (nay) of people are in favor of Prop 19!!! California will be the pioneers of legalized marijuana in the US.
http://www.surveyusa.com/client/PollPrint.aspx?g=610b53d5-5fd1-4039-b4c7-4ae7aad0efdd&d=0
Great day from a TA perspective!!!
We filled the gap, consolidated with a healthy pullback, low volume on a down day, MACD is crossing back up, and we finished the day heading in the right direction.
When news comes out about the reverse merger candidate and share reduction this stock is going to take off IMO. People are holding there shares pretty tight around here, and all the indicators point NORTH!
Speculation on either side of the fence does nothing for the PPS. Only time will tell who the company is and why the are interested in GLGT. And you can't deny that a SS reduction and R/M candidate is a bad thing for erasing the past.
I believe that this will be a breathe of fresh air for GLGT. Thank you for updating the iBox Southern Gal.
Can we please get the latest news sticky'd to the board. I think it is important for new investors to look toward forward developments and have the privilege of doing so in the same manner as all of the other iHub boards . Thank You. Maybe we can tone down the iBox too.
It will probably pull back a bit tomorrow to the .0008 range, but then the momo should pick back up and put us over today's HOD of .0014. I would hold onto your shares, this thing is going to fly once people start rolling in. Once word gets out on iHub and other boards and screeners pick it up tonight!
It's important to realize how many good things are headed our way in GLGT, Reverse Merger news, SS Reduction from retired shares, Merger candidate company info, etc. From the looks of how this moved today on very little volume I would say the float is already very low. The share retirement will just prove that they have no intentions of diluting this stock. The new company will want to reward the shareholders, they said it themselves in the PR.
I see very good things for GLGT in the very near future. This board will start ot fill up with people begging for our shares as soon as they see us making 60-100% gains day after day. Maybe even more when news hits! Today was just the beginning IMO. GLTA GLGT shareholders!
Wow! A Low Float R/M Play with news coming soon, this thing should take off in the next few days. Moving already on such low volume. Imagine how it's going to take off when 100-200 million shares are traded.
Added benefit is the SS is being decreased as per the PR today. Retired shares means no dilution. Once this news circulates this thing is going to fly.
GLTA!!!
GLGT Low Float Reverse Merger play!!!
R/M news and SS reduction news. Once volume hits this thing is gone for good.
This is going to a penny very soon, It's moving on air right now. Quick 8 bagger from here! BOOYAH!
GLGT Low Float R/M play!!!
News today confirmed SS reduction and reverse merger candidate. This is heading to a penny very soon!!! * bagger from these levels!! You heard it here first.
GLGT Low Float R/M play....
News today about reduced SS and R/M. This could fly once news circulates. Moving on air right now. You heard it here that .01 is coming soon.
GLGT moving on air! R/M play.