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That just goes to show that people are trying to artificially keep it down. Good sign as far as I'm concerned.
Small bid whack to .0001 convinces me that there is a lot of interest in buying and people trying to bring it down to load up on 1s.
Or perhaps all the talk of RS has spooked some people. There is just too much unknown right now, so I don't blame those who got spooked and left, but I've also seen dips before big runs. I'll hang around a while longer.
I would say that 500 million shares is pretty low for a scam penny stock, but not for a legit company. Reverse splits, from what I have seen, have been a cheap and slimy way of raising money at the expense of share holders. I don't think this RM move is being done as an opportunity to make money through an RS, but rather an opportunity for bringing WeedLife under a publicly traded company. That is the benefit of an RM in the first place.
Now, assuming we are in fact at 500M A/S, and assuming the O/S is maxed out (although iHub is currently showing 395.60M), the current market cap would be $150,000. Given the current and projected traffic numbers for the WeedLife network, I have to imagine the price here will only go up.
Robert Stevens, President and Managing Director of Somerset Capital, was awarded receivership of Sew Cal. Somerset Capital manages Sew Cal.
It looks like Somerset Capital is revamping their website, and WeedLife is already on their portfolio page
http://www.somerset.vc
I don't know what is going on, but I know SOMETHING is going on, which is a lot more than I can say for most OTC. Hopefully something good...
I brought it up to 3 yesterday. I can help bring it to 4, but I won't do it alone.
I have been waiting over a year and a half to see what happens with SEWC and hoping to see if a R/M would happen. Now that I know that the wheels are in motion + the fact that the company is a pot-related company, I'll gladly wait another year and a half.
Now sitting at 20M shares...and counting
SEWC
No intention of flipping (at least not for cheap). Been holding since July 2014 and I'd be gone already if I wanted out. If we hit .002, then I'll start thinking of exiting, but not lower than that.
If people are impatient enough to sell down at 2, then I'll take them. I already had 10M and I'm just looking to add more. No worries on my end if I don't get anymore.
Darn...I was hoping the rest of my order would've filled. Oh well, maybe tomorrow.
That was me. And if anyone want to fill the rest of my 10M order I'll happily take it.
As we wait for a PR, here is some info I put together based on some research.
WeedLife Network claims to have 6619 Businesses in its network. They have a facebook page at www.facebook.com/WeedLifeSocial. The network is comprised of other sites such as:
www.weedcircles.com (social network)
www.weedworthy.com (news site)
www.weedealio.com (e-commerce)
www.weedlive.com (cannabis search engine)
Life Marketing, Inc is not just the owner of WeedLifeNetwork.com, they are also a digital marketing and design agency. You can see the company's website and services by going to www.lifemarketing.us. Many of the clients they claim as customers include CNN, GE, DirecTV, CBS, Mitsubishi, Yahoo, Dell, and others. The company is comprised of 47 staff members (pretty decent size).
Recent PR about weedlife (http://www.prweb.com/releases/2015/09/prweb12943936.htm) indicating "As of August the network had outpaced its original projections of online traffic and is now generating more than 4.5 million page views per month. And company executives say that rate is growing by a steady 25 percent each month" and that they "project ad sales to exceed one million per month by early 2016"
Good msnbc interview of the founders and the network found at http://www.msnbc.com/reporters-notebook/watch/-weed-life--makes-high-culture-more-social-430795843856
If this is a scam, it is a very well orchestrated one. If, however, it is legit, we could be sitting on a very profitable play here.
Nice website
https://www.weedlifenetwork.com/
I bought 10M shares in July of 2014 and have been sitting on them ever since. I'm really hoping my patience with them pays off (not that I could have sold them anyway)
Can anybody explain this? I don't believe I have ever seen this before.
"The Company's current projection is for a July 4th Grand Opening for the GCC Superstore. The Company will be providing a detailed update on the automated dispensing kiosk the week of June 1st"
Looks like two good reasons to hold on for a little while longer.
Seems like it can't decide which way to go at the moment. Good chance that how it closes today will dictate how it moves next week.
SEWC
I saw the email too. Helps verify that something is brewing for sure. Why spend money on attorneys if there are no plans in place.
$SEWC
It's a bug in the OTC site. Looks like other symbols showing the same links
Changed my mind. Just bought more 11s. Couldn't resist.
UNGS
I'm not buying more today, and I'm not selling today either. Just can't tell where this will move yet. I'll wait until Monday to see how it opens, as I think that will be a good indicator on the short-term future of UNGS.
Something odd happening here. I put in a buy order for 5k at 18 and it fills at 16, even though the ask is 17. Odd.
Depressing. If the company is truly dumping with every PR, they have to realize at some point that this pattern will become obvious and even their PRs will have no upside effect. Hopefully this pattern is only retail flipping, and the company will produce a significant PR that no one is expecting. THAT will make this pop to a new, higher level.
Now that communication lines have opened up with the receiver, and clearly something is progressing with the company, it makes no sense for people to bid sit at .0001 when no one holding .0002 or higher is going to sell. Anyone selling at .0001 will take a loss, so no reason to do it.
Oh, I see. I need to post on this board for a while before I point out an issue with etiquette. Got it. That makes perfect sense since this is a private board for a privately traded company. Jeez, I guess I should take my "petty posts" and my money to another board.
If you like people randomly posting "News!!" on this board when no new news is out, you can have it.
In the time it took you to post a reply to me, you could have posted a link. Who's being lazy now?
You can't exclaim "News!!" and then tell people to go to otcmarkets.com if someone questions you. How about a link to specifically the news you are referring to? Save people time and effort.
Btw, the only news up there is from yesterday, so posting it today the way you did implies something just came out. Did something just come out today?
Bid is now larger than the ask. Very positive sign for a move up.
SEWC
Why would anyone bid whack 100 shares right at the close? Think about it. And then tell me someone doesn't want to artificially keep this down to load up more.
Amazes me how there is 1/2 Billion shares on the bid and only 19 M on the ask. How do you bid sitters think 1/2 B shares will get filled at 1 when less than $4K will take out the 2s. Take out the 2s and let's get this moving already.
114M on the bid, and someone with current shares is bid whacking 100 shares to keep the price down. Plus, I wouldn't be surprised if that same bid whacker (or whackers) are putting up a wall at 3 to discourage buying.
Folks, shouldn't that tell you something? Even if nothing ever comes of this stock, there is some serious interest in buying and the game right now is how cheap can you get it.
Oh well, the 23 close would have looked great on the chart and would have sent a technical signal to potential buyers. Too bad we had a late seller dump to 18.
I guess we will have to wait for this to go up naturally :)
BYSD
Anybody got enough paint to take us to 23? ;)
$BYSD UP 53%
$BYSD UP 53%
We also have a short trading week, so hopefully people keep that in mind.
Seems clear to me that someone is trying to walk this down with large ask blocks. Hit it a couple of times and it will disappear.