Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I wish more shorts would follow your lead. But, it appears the short push throughout the sector does not think much of poor little ICBU...
Why does the article list HEMP as (OTCBB)??? A glimpse into the future???
OTCBB is a stronger market than Pinks...
HEMP has yet to deliver on any of its supposed products to this point. Each year Bruce or one of HEMP's consultees says "Coming Soon" and lists a hemp-based product for consumption, and still we see no product revenues.
Folks are selling because they believe that trend will continue in a cycle until HEMP burns out like most pinks.
Not me. I think Bruce is making all the right moves for the long run and you're going to see this ticker for a long time to come and at an exponentially higher PPS.
This current uptick in PPS I would attribute to election season, though. Prepare for lots of shorting before the year is done.
#HEMP Long
November 5th, lol. I don't expect it to happen.
Exactly, this is why hemp goes hand-in-hand with mj legalization.
See post I replied to.
I expected it would be a low number. What is your catalyst to hit your mark?
What would you sell your .01s at?
1/4 of a cent increase after a long barrage of PPS drops... Hard to cheer yet.
When this stock was at .34, people were cheering for dollars. I expect those days to return and remain.
Good start, keep it coming. Elections are at hand.
Yes. Unless it is not. But, election season for an otherwise illegal industry coming into its right seems as good a catalyst as any.
I am holding out for HEMP to start producing products instead of PRs. But I expect the big rush to come before that gets announced, so my electoral catalyst is what I expect for the next bounce... just hope HEMP can sustain a higher PPS.
Go Long, baby!
Pending elections. Shorts are trying to time the bounce on HEMP like heroin-fiending gremlins...
Every stock dead in water, right now. Markets that are illegal in the majority of the country are going to be questionable no matter who runs the show.
Should not be putting money anywhere except the bank today. Or, you can hold if you're brave.
Yes. Smart traders. I am not a smart trader.
I am guided by the Warren Buffett rule of investing. Buy stocks you believe will do well over the next 50 years.
I am almost positive that the majority people who have money in the market are not as smart at trading as they think they are. I know some are, but I know most are not.
I find HEMP a comfort in the long-run, but the day-to-day activities and short-cycles make the pot sector look shady now. If I were a smart trader I could have many more shares of HEMP, had I shorted when it hit .34. Alas, I stayed long because I believe this stock has potential to generate more value over the years to come. Even, if right now (2014), smart traders see this as a roulette wheel with a defined cyclical pattern.
We don't understand math as well as that big NYSE bank that recently misreported $4 billion on their balance sheet, right?
And you question the worth of the only decorticator in the United States rising to a value of $2 billion? Maybe not now, since it's illegal to produce the material, but if you're only looking at the here and now, how do even bother to "invest" in anything?
These are real questions for a financial genius such as yourself.
Must we rely on the "professional" reporting of the accountants at the B of A's of the world? Or, is it smarter to think freely?
For now, hopefully. I haven't seen a single stock in this sector actually excel beyond a huge short push in the beginning of the year (aside from maybe GW Pharma, which can survive off its other business interests).
We are all in a weird space with these pot stocks. Every single stock in the sector looks just as much like a pump 'n' dump as HEMP.
So, the question really is, WHO is going to succeed once this industry really takes off.
When I think of it that way; I don't feel so slighted by the falling PPS. But, since no companies have made themselves more legitimate than any others, all we can do is slap down a few dollars on all of them and wait, right?
Or, are you guys really that good at timing the market? Because, I do not share that confidence.
Only Bruce. And, he is too busy to respond to anyone. Even those who contact his website. I don't have a personal cell phone number, but I am sure that would go to voicemail, too.
Oh, that's sad. It's amazing that HEMP has been running for so long without any real products... and that selling real products would actually drive the PPS down.
That math seems fuzzy, D_R_T.
Good eye. You should follow D_R_T for future negative press. He at least backs up his viewpoint with facts. And, it provides valuable talking points.
He's even noting that HEMP will likely rise in 1Q of next year. He says so for more nefarious purposes instead of this stock being 'good'. But, at least he acknowledges that this ticker is not 'dead in the water' or 'going to trips'
Those comments are as laughable as, 'to the mooooon' or 'she's gonna blow'.
You should not sell. You should not accumulate. You should see where this train is headed.
It, of course, has the chance to become the primary player in a very popular new industry that is garnering all sorts of positive legislation over the last couple years and is improving.
It is equally possible that Bruce is still being a criminal and has switched from smuggling pot to misleading investors.
I prefer to believe the former, holding a LONG position as I do. But, only time is going to tell with this one. Hope that helps not make your mind up either way.
Agreed. Awaiting more info on old deals, lol
Kudos on the article find. I posted it a few days ago. While the article states that the deal is to be a 3-year commitment, an article does not a 'binding contract' make.
The article makes it look like REVI is in breach of contract. But, it would make no sense why they would do that to themselves...
I can only imagine there is a clause in the ACTUAL SIGNED DOCUMENT THAT NOBODY HAS A RECORD OF ANYWHERE that provides for early termination of the contract.
If that's the case, the separation of HEMP and REVI is really a non-starter for a catalyst.
Were you able to find the signed agreement, yet? As was being rattled on about when we found out REVI and HEMP were concluding the agreement early.
Only D_R_T was able to post a copy of one of HEMP's agreements (and it was for HIMR, not REVI). In the agreement for HIMR, it said the deal could be cancelled anytime, but the quarterly shares due to HEMP would be paid on the calendar year when the deal was ended. We could assume that REVI had the same deal and HEMP might receive some compensation for this year without REVI being in breach of contract.
Again, until we stop spouting off misinformation and not posting sources, we should not assume anything from this.
As a note of conclusion, REVI is STILL going through with the HEMP magazine with the partnership of HEMP Inc, but no longer require the consulting services which was part of the agreement they initially signed for what would have amounted to (3) years.
Hmmm. I will have to watch for that to transpire. Is that what happened with Cleanpath Resources (CLNP)?
Yea, now that D_R_T posted the agreement signed with HIMR as a reference point, it makes sense that REVI wouldn't breach a contract to their own detriment.
But it looks like they would still pay til the end of the year. I hope their stock explodes in that case, because (again, if deals are similar, there is no confirmation they are) they would owe 10 million of those shares to HEMP each quarter of this year.
Go everyone in the sector!
And kudos, D_R_T, for the info. You're still wrong to be a hater, though.
So, HIMR will be in breach of contract by the end of year if they do not pay HEMP what is due for the current year?
Sounds like HEMP could absorb that company for some goodwill on their balance sheet.
But, if the deals are the same, then it does not reflect as poorly on REVI as I initially thought. I guess REVI still pays HEMP for the year but that is the end of the revenue stream from those guys. I gotcha. Sounds fairly legit.
Really wish we could see these signed agreements, though. Can't confirm these speculations without the actual documents.
D_R_T, you never let me down. Can you post that entire document you got that quote from? And, if you are able to find the document signed by REVI and HEMP, could you post that as well?
Am I wrong to think that the signed agreement should be made public for investors?
You don't find it strange that this only occurred after REVI's president fell ill?
Bruce Perlowin is still, and always has been CEO of HEMP.
That an interim president would cut this deal is highly suspect.
This is an MJNA product, though. Despite the name HempMeds.
But, the agreement signed in February states that the agreement for consulting services was to extend for 3 years. It has been only several months since this agreement was signed.
I do not think that finalizing this particular sale will makeup for the 10 million shares a quarter for the next 3 years...
See if you can find more. I am very intrigued by this.
It appears that REVI has suggested they are breaching their contract with HEMP Inc.
From article about breaching contract:
"The Company is very pleased with the current direction of working in the cannabis media and publishing arena and will continue to do so. However, given some external considerations and regulatory issues, the Company has determined that it is in the Company's best interest to discontinue the Company's consulting agreement with The Industrial Hemp and Medical Marijuana Consulting Company, Inc."
http://finance.yahoo.com/news/revi-appoints-interim-president-sights-201500141.html
From the article about the agreement:
"According to the agreement, Resource Ventures, Inc. (OTC:REVI) will receive professional consulting services in the Industrial Hemp/Medical Marijuana Industry, specifically in the areas of sales and marketing strategy, press releases, public company venues and overall general industry specific business guidance, on a continual basis, for the term of the agreement.
Per the agreement, Resource Ventures, Inc. will pay an initial professional consulting fee of 30 million shares of their common stock and then for each term of the Agreement (a total of 3 years) an additional 10 million shares made payable to Hemp, Inc., on a quarterly basis. "This agreement has created substantial revenue for Hemp, Inc.'s first quarter. It also creates a stable 3-year quarterly revenue, adding great value to Hemp, Inc. and its shareholders," said Bruce Perlowin, CEO of Hemp, Inc. Hemp, Inc.'s IHMMCC also has a similar agreement with Dewmar International with similar terms."
http://globenewswire.com/news-release/2014/02/07/608562/10067520/en/Hemp-Inc-Signs-Lucrative-Consulting-Contract-With-Resources-Ventures-Inc.html
I found it! It looks like an absolute breach of contract by REVI.
"Per the agreement, Resource Ventures, Inc. will pay an initial professional consulting fee of 30 million shares of their common stock and then for each term of the Agreement (a total of 3 years) an additional 10 million shares made payable to Hemp, Inc., on a quarterly basis. "This agreement has created substantial revenue for Hemp, Inc.'s first quarter. It also creates a stable 3-year quarterly revenue, adding great value to Hemp, Inc. and its shareholders," said Bruce Perlowin, CEO of Hemp, Inc. Hemp, Inc.'s IHMMCC also has a similar agreement with Dewmar International with similar terms."
http://globenewswire.com/news-release/2014/02/07/608562/10067520/en/Hemp-Inc-Signs-Lucrative-Consulting-Contract-With-Resources-Ventures-Inc.html
Thank you for pointing that out. I should have mentioned that little tidbit instead of just posting the article.
But, I would really like to know if REVI was in violation of their contract for this. And, I wonder why I cannot find the signed document...
Should that not be public knowledge?
IHMMC signed an "agreement" with REVI on Feb 5, 2014... if you are able to find a copy of this signed document, please post it. I will race you.
I cannot find anything but the article stating the agreement was made. No specifics on time frame...
http://finance.yahoo.com/news/ventures-inc-signs-services-agreement-130000951.html
It is ponderous. HEMP seemed awfully proud of REVI, didn't they? And now that Kaiser is 'ill', the interim president has cut the contract with HEMP.
Makes HEMP sound kinda 'stock promotion-y', doesn't it?
Gonna have to wait to see who comes out more legit after this breakup...
I'm not selling but REVI just cancelled their consulting agreement with HEMP. Read below:
http://finance.yahoo.com/news/revi-appoints-interim-president-sights-201500141.html
Speculate on that as you will. I thought it should be noted.
Sorry, cheerleading will come to a halt until Perlowin gives us something tangible.
I still won't knock HEMP like the bashers, because the opportunity for massive value still exists. And, that is the real reason I am here; I see potential in spades. But, I got into the stock on some good DD leads that seem to have evaporated as the PPS dropped.
DSTAT: If Bruce does a split before providing the actual infrastructure, then I will join the bashers, but not before I short the living @#!$ out of it. Hoping it does not have to come to that.
BRUCE IF YOU ARE READING THESE POSTS: GET ME SOMETHING TANGIBLE I CAN BOAST ABOUT!!!!
Don't I know it. I am one of the chief cheerleaders on this board, but the DD I went through today has D_R_T's words in my ear.
I'll go down with the ship if I must, but I had hoped to not see the same cycle of events surrounding HEMP at the end of this year as there were the last.
I can only defend HEMP so much with its failing mini-partners every year. One has to become legitimate. I liked HERB for that and now they seem to be out of the picture. I've been waiting on Cartel Blue to launch in "Spring 2014", but now it just says 2014 with no reason as to why.
I may not be getting out, but how can I recommend getting in until HEMP shows some professionalism and not just positive rhetoric spin...
I visited the Yasheng Group's new website and I don't even see a mention of their transaction with HEMP Inc. from earlier this year.
It looks like they are distancing themselves from HEMP Inc. They are still proud of being a hemp exporter, but I find no mention of HEMP Inc as a partner. I guess I will stop linking the two together. Which is sad because both HEMP and HERB changed their tickers at around the same time as what I viewed was a genius marketing ploy.
I think either Bruce or Craig is tackling it on their own. Or, they're using a friend who isn't quite the "professional" I had in mind.
Sites don't usually go live with broken links, unless it's done by an amateur. The informational stuff is all well and good for an amateur doing it, but I hope they hire a firm to do their web store.
D_R_T is thus far spot on with this one. No record of any contract after the first shipment of hemp hearts.
They were said to be negotiating, but I have not heard of any new developments since the February shipment.