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We do look like we are ready to pop... Let's see what happens
Could there be some interesting news released over the weekend?
I would hate to be short!
Those who are not in will be paying up.
Next level .34-.36
getrdun
Could mr blackbeltman man be at it again? 100 k on the offer.
You can drive a semi thru that spread!
.225 - .2375 !!!
To all dedicated EDXCers...I have heard that several companies have approached EDXC and asked about their tracking technology. I would suspect that Todd will be developing relationships with other growers.
I hope we hear soon.
I truly believe the key to the success of the growing operation and the compliance with the government is EDXC! It's a small price to pay for peace of mind, efficiency, compliance and profits!
getrdun
Lack of volume and the market makers are trying to protect themselves with the volatility. When volume increases the spread tightens.
getrdun
I can answer that. A lease is cheaper. The risk with a lease is the terms can change over time as business develops. Having a family member as the land owner is the best of both worlds! Don't have the large outlay of capital to buy the property and have the family as the owner so the terms can be reasonable over time.
getrdun
Right on Cem1!!! I agree. Bill has a large ego and CEOs with large egos can be dangerous. That's why I respect Todd so much.
He is grounded and doing the right thing for his shareholders.
Hands down a much better quality CEO than Bill Chaaban.
Under
You make a good point!
Bill really mis spoke last night. He was blabbering. There is a deal with edxc. He already agreed to it. And the fact that he said he could write the code is quite comical. Todd's system is state of the art and actually increases efficiency in production/distribution.
For billy to do it on his own would take do long and cost so much they would be out if business.
The reality is bill just mis spoke and his very large EGO got a hold of him.
Ty
Answer to your question
I agree and he was when I played the recording last night
Free there already is a deal. Bill was tired and really mis-spoke. Todd was not aware of his comments. I did make him aware though.
It's a fee per touch which equates to 12-17%
I would not be surprised if there was a statement by Bill in e immediate future mentioning this fact and clarifying.
I Really do believe something will be said very soon.
Another way yo look at it is... If he got the company into an agreement that he feels he is unreasonable.... What does that say about him as a leader?
I do believe he will walk that statement back.
getrdun
Escobar
I listened to the interview as well and thought the same thing. I actually thought the message was positive until Bill started blabbing away. He must have been tired.
If anything... The message he conveyed about EDXC is that they will be making ALOT of money. So much that he feels they may need to renegotiate the agreement.
That tells me that EDXC is in a good spot to make good money.
As for the "we need to re-negotiate the agreement" ... If he made a deal and now realizes that EDXC will be making some good money... Well that's Bill's fault. If there's an agreement then time will tell how it unfolds.
The positive on this is that EDXC will be making serious coin!
Bills comments that if he wanted other tracking software they would write their own... That's a joke and will cost him in development cost, compliance delays and cost as well as reduced efficiency. Using EDXC will have higher efficiency rates than the other tracking software.
I don't believe Bill meant what he said.
That's my take...
getrdun
FYI-
WORL- World Trade Financial Corporation 858-454-9729
http://www.worldtradefinancial.com/
They are known for doing 15c211's and uplisting companies to the OTCBB... just some fun facts!
getrdun
That's huge! I believe when people realize what we have here they will buy the crap out of this company.
getrdun
I completely understand pump. For our services it equates to 8% to 10% of the sales of FITX. There is a more complex formula based on touch-points. However, this is a reasonable barometer...
do you disagree??
getrdun
Thanks blackbeltman!
I'm for that! It's all the better... the fact is that we can now start to make valuation assumptions based on this one piece of business...
getrdun
Let’s play with some numbers:
FITX can grow 1.3MM lbs
Assumptions: they only grow 500,000lbs; sell for $50/oz(ultra ultra conservative) (50 x 16oz/lb = $800/LB
500,000lbs x $800 =$400MM in Revenue for FITX
If we make 8%-10% = $32MM - $40MM with margins at 50%(tech software that’s low)
$32MM to $40MM X 50% = $16MM to $20MM in profit for EDXC
70MM shares outstanding $16MM = $.22/share @ $20MM = $.28/share
Slap a 15 multiple on that puppy and $3.30 to $4.20 share value just for this one piece of business and only with 500,000lbs! add the other business segments etc. and well… this is just AWESOME!
getrdun
From the news release today...if people only realized what this means... and the $$$$$ it will produce...no one would be selling
[color=red]M3Hub creates a web of traceable connections between all the critical touch points in the supply chain processes, tracking all activity from the origin of the seed to germination, cloning, nutrients, pesticide, fungicide, soil management, space conditioning, plant rotation, bud tending, "scrogging," harvesting, drying, processing, packaging, shipping, receiving, and sale to the end user/patient.[color=red][/color][/color]
M3Hub also integrates security monitoring, personnel ID verification, RFID and barcode technology. The features provide a level of compliance that exceeds government level requirements. The touch points are varied and complex and the M3Hub platform offers the quickest path for licensed producers to efficiency and compliance and gives them the tools to optimize quality control, yield, growth cycles, strain management, processing, packaging and client management.
getrdun
blackbeltman.... I believe we will get 8-10% of the revenue of FITX. If they grow 1.3MM pounds ... it's ALLOT!!!
Stop sign will be removed after the close.
getrdun
we are so close...
the link: http://www.theweedblog.com/michigan-company-will-grow-and-sell-marijuana-in-canada/
Michigan Company Will Grow And Sell Marijuana In Canada
Posted by Rick Thompson at 6:35 AM on January 2, 2014 Marijuana Business News
First, the Canadians sent one of their companies to Michigan to grow and sell marijuana; now, a Michigan company is doing the same thing to the land up north.
Forbes magazine reports that a company based in Michigan has been approved to compete with Prairie Plant Systems in the growing and selling of medical marijuana to registered Canadian patients. Creative Edge Nutrition of Madison Heights makes health supplements in the US and through their Canadian subsidiary, CEN Biotech, the firm announced in November that Health Canada had given them the green light to get growing. They will be the first US company to do so for the Canadian market.
Construction is already underway on a marijuana manufacturing center that is so close to Michigan we can probably see it. The 58,000 square foot facility in Lakeshore, Ontario will be producing cannabis in 7 months for a market that will include Israel, Uruguay, Iran and North Korea. The facility will feature laser sensors, night vision cameras and a radio frequency tagging system for the plants.
At a cost of $16 mil Canadian, the investment is a drop in the bucket for Creative Edge. CEO Bill Chaaban told Forbes, “By the end of year five we’ll be doing $100 million in sales.” The article lists the major players in the Creative Edge investment as “companies that deal in alcohol and tobacco, entertainment industry players and sports figures.”
CEN plans to produce cannabis at a fraction of the cost reported by the companies currently distributing to the Canadian market, who currently sell marijuana for between $5 and $6 Canadian per gram. That’s roughly equal to $4.75 – $5.50 US per gram. Chaaban claims he can produce marijuana for $.80 to $1 Canadian per gram, which would be welcome news to that country’s registered medical marijuana patients.
Prairie Plant Systems is one of three approved and producing companies currently supplying the Canadian medical marijuana market; in 2013 they successfully used lobbying efforts to jam a bill through both housesof Michigan’s legislature within a month and a half. That bill creates a law that would establish industrial cultivation of marijuana distributed through big-box pharmacies; a last-minute amendment from Governor Snyder cemented the need for a federal rescheduling of marijuana to take place before cannabis can be cultivated and sold in this manner.
Governor Snyder signed the bill, SB 660, into law before the end of 2013. It is now called Public Act 268 of 2013.
Source: TheCompassionChronicles.Com
getrdun
Vapor
I know for a fact that they are not diluting the stock! As for PR's...I believe they should be giving updates next week.
Just need a little more patience.... nothing worse than throwing in the towel and then the stock launches.
The Canadian deal will be a big deal I believe. That will put things in perspective and unleash the potential.
getrdun
the .049 level fills the gap from Nov1/Nov4 close/open... FYI.
getrdun
New buyers will arrive with the perception of increased value. Stocks trade on forward valuation and potential.
New eyes and news to create interest will get us to the promised land
getrdun
This is the precursor to the Canadian News... are you ready? I know you are...
The stock has lost some momentum and remains stagnant. We need new eyes looking at the stock and when the stock stalled out(thanks blackbeltman - sorry to beat that dead horse) there is no reason for any new investors to get interested.
It just changes the time frame a little... but we should be in the .08's easy.
getrdun
I expect some news today... and I believe that we hear even better news in the very near future... load up the truck folks... just like the Jeffersons...we're movin on up!
getrdun
You guys are only talking MJ... What about any other controlled substances? What about areas where items need to be available and there are many people involved... For example hospitals... The ability to track who took what when would be very valuable. The system(s) in place now are not controlled well.
There are many other areas that this can be used... I can think of several.... Now let your mind wonder and think of the places where this can be useful.
The cost for the system versus the exposure from a legal, liability perspective etc.
Think BIG folks....
This is ?..in the words of Donald Trump...HUGE!
getrdun
BBM
It depends on where the dispensary is located. In some states there may only be a few allowed to be licensed. If that's the case then there may be a long drive from one to the other. Market share will be driven by all involved.
Exactly Ty! he has more shares and the stock stands still. Previously motivated people are now NOT-motivated to buy and even more motivated to sell.
The driver of any stock is not news or earnings....it's people or institutions that are willing to buy! It's the number of shareholders that will send this stock to new ground.
There was some good momentum developing but now??.....
getrdun
blackbeltman:
if you wait and buy the stock at .06 1mm is $60K
if you step up and buy at an avg cost of .07 that $10K more
when the stock goes to .50 and on that one position you have $500,000. Does the $10K really matter? Now if it takes 3-5 months longer to get to .50 because of your game playing?.... is it really worth it?
You can be the king and own all the stock. But without new shareholders you can be king and hold all the stock without any movement. I have seen this happen on low float stocks... we need new shareholders and you are deterring them from buying.
agreed.... I have a feeling that we might hear news either tonight or in the morning tomorrow... that should blow thru his offer...
I see that thanks Ty
his bid is gone....
if he is a long- he doesn't know what he is doing - we need more shareholders to drive the stock price higher. He is stopping that by his huge offer(s)
if he is a seller then we will see the bid price removed and the stock can go lower. Why would he just want to buy it at .06? why not .03 or .01? he is selling not buying...
this is what is happening.
getrdun
that's also blackbeltman...
Just figured it out...
blackbeltman is a seller not a buyer... that last offer just confirmed it. News will take those offers out. And that will be very soon I believe...
getrdun
MADD-
Stocks trade on forward expectations. The comment that revenue won't happen until 2014 so I can sit and take cheap shares from impatient investors is a huge mistake.
As soon as Canada is announced... the anticipation of the potential revenue will drive this stock much higher. The individual with the large stock on the offer will get taken out very quickly and the stock he has on the bid will be left in the dust. He will be paying up big time and I'm A-OK with that.
The fact that he is holding the stock back is deterring others from buying the stock. And in some cases there may be some larger investors willing to throw in the towel and sell all.
The come back to that is... well then I'll buy up all of those shares too.
The problem?? without attracting any new investors there will be no stock movement. There is no guarantee that a stock price will rise. Even with revenue to support it.
But, it's a free market and we will all suffer because of this tactic...
And that's too bad!!!
getrdun
blackbeltman-
When someone takes your shares on the offer then you are out a half million. You will be pissed and then try and knock it down to get those and more back. This is counter-productive!
Just step up and nibble at the offer... remove the huge ask and just watch the good that you do for yourself and the other shareholders. It will actually bring in new buyers and reinforce the story.
getrdun
Imablackbeltman
You really don't realize the damage you are doing for everyone... Including you.
I highly suggest you call Todd and have a quick discussion. We should be over .08 and based on the chart if we can stay above .08 for a couple days then we are off to the races.
getrdun