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.
almost there, .0032 and dropping like a rock!
I bought this POS at .0075, any chance I ever get back to breakeven?
You are totally wrong. One more week until the end of their fiscal year, they may not report the results for at least a couple more months after.
Now at .018 (down 6%) with a bid of .0173 on 2 million shares. Looks like selling pressure is increasing today?
You mean even for the day.
getting closer!
spoke too soon, they just dropped it to .0183. They always seem to increase the spread and drop the price to the bid price late in the day.
Yeah, its rangebound right now until significant news comes out, just hate to see it dribble lower towards the close each day. Seems to trend sideways all day then they close it lower on a few small trades at the lower bid price.
The quarter doesn't end until June 30th, so there is no way they can report on the same date. Seeing that they just recently reported on the first quarter, they probably won't report on the second quarter for a couple more months.
Are you saying that this quarter they are going to show revenue of $105 million? You are kidding me right? The $105 million is the total value of the contracts they initiated, quarterly revenues will only show what they actually sold during the quarter. They just started selling in Costco last week, so revenues this quarter will still be very low, it will take time to gain sales traction at Costco as there is a lot of competition and their product is not known yet. The good thing is that they are at least finally showing revenues which will grow quarter-by-quarter, the unknown is by how much.
I opened a sell order for all of my shares yesterday (450K), 1/2 of them sold at .02 and I still have the other half open with a .02 sell order. I said I would bail if it broke down below .02 cent support, so I guess I have to stick to my plan.
So who wants to volunteer to "paint the tape" at the close today so that we don't see a .0195 cent close?
Still there, its just that volume has dried up, no more buyers willing to take his shares at .02 I guess. Eventually, this will break it, question is will it be to the upside or to the downside?
2 weeks running now, wonder who/why the dump at this level?
Notice when volume dries up like this how they widen the spread between the bid/ask? About a 10% difference between the two this morning, I took advantage and add some more shares at .021 today.
Volume has completely dried up, otherwise it did appear that an uptrend was in place. Now it simply looks like its trending sideways in a range from around .02-.024 or so until more news of some sort comes out.
Agree, today appears to be the turnaround day. Last week it would sell off on increasing volume at the end of the day, but that trend ended this week.
Its sad that it no longer seems to be able to hold any gains, it opens up, then stalls, then drops into the close each day. We will be lucky if it doesn't close red today!
I had bad timing when I last bought in and was pissed when it dropped the way it did last week (eod selloffs). Anyway, thats the past, I'm back in at a great value price and will hold and possibly add more depending on how future events unfold. Costco sales will take some time, but good to see that they did initiate in some stores. The financial reporting seems to be the current issue holding the stock back, otherwise it would probably be holding onto more gains today.
That was my bid and I got filled at .02 cents so I am back in (and I plan to hold this time since I got in lower than my previous buy!).
How can they talk Costco sales figures next week when the f__king product isn't even on their shelves yet? Lies and deceit are driving your stock lower every day!
lol, sure they did. I called back to the store in Industry, same response as yesterday, no delivery and no date of delivery!
High selling volume into the close again, so I bailed to!
Yep, guess it depends on entry point and I got in too late. But, if they do follow thru on what they say and show some decent revenues numbers over the next few months and a continued ramp-up in distribution, then the stock will go higher. It's all a matter of doing what you say you will do.
We are down over 20% this week and the technicals have turned negative, thus it now appears that the stock is going sub 2 pennies leading into next week. It appears the stock is going the opposite direction as the perceived news should be driving it!
Oh its going alright, going DOWN! Red over 20% for the week!
Marani advertised that they would be selling Marani Vodka in 13 Costco locations effective the beginning of this week. So I called the store in the City Of Industry today to confirm. The person I spoke to informed me that they were contracted to start selling the product this week, but the company never delivered the product to them to sell, nor have they provided them a date as to when they plan to deliver it. So why would they inform the public that they would be selling in 13 Costco stores this week, but in reality they have yet to deliver a single bottle or even contact Costco with a valid date?
Marani advertised that they would be selling Marani Vodka in 13 Costco locations effective the beginning of this week. So I called the store in the City Of Industry today to confirm. The person I spoke to informed me that they were contracted to start selling the product this week, but the company never delivered the product to them to sell, nor have they provided them a date as to when they plan to deliver it. So why would they inform the public that they would be selling in 13 Costco stores this week, but in reality they have yet to deliver a single bottle or even contact Costco with a valid date? Smells fishy to me!