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NO surprise there- this is exactly why I’m leaving my money here!!
Well still have some bids in case this drops a little.. Love the consolidation here. I am surprised that we didn't get a little more of a push with the little Bidden Cannabis explosion... goes to show you how many people just day trade these days. I don't blame them, I almost bought ACB a few times but I couldn't bring myself to do it knowing I could just leave it here safely :) We'll get our day(s), for now just holdem and buy'em when you can.
Hey maybe its good news, nobody knows.. Looks like 11/9 has come and gone and it's trading today still on Nasdaq, very interesting.
The company has steadily provided updates for an entire year right up to the day they were due and Nasdaq kept granting them extensions. I'd expect nothing less even though its a day late my guess is expect a PR any moment.
Until then I'm just holding and waiting to get value for these old shares one day, maybe, please? lol
Yes indeed!
Keeping at it, GO MIKE and team!! Great news!!! Thanks for the update
https://finance.yahoo.com/news/2020-elections-marijuana-on-the-ballot-in-these-5-states-173753954.html
2020 elections: 5 states pass legal marijuana measures, potentially growing industry by $9 billion
Still waiting for recreational, still illegal in a lot of states here but on ballots all the time... Baby steps are good because you can see they are going in a clear direction. The next years are going to be exciting times for NGW and all of us, no doubt
While the election is happening 5 states passed legal marijuana measures. Again I think it is a mistake to tie legalization to one party exclusively...
"The once widely controversial issue of marijuana legalization has been decidedly eclipsed by this year’s divisive presidential race, though voters in five states broadly adopted legalization measures Tuesday. Recreational or medical use, or both, were on the ballot in Arizona, Mississippi, Montana, New Jersey, and South Dakota."
Good stuff! I was just on their site for the first time in a while looking around. Looks great! Nice page upgrades and features, really pushing the Next Green Wave product image well. If you compare this to what it was with all the SDC line and crazy branding it is way more focused and clean cut. They are cleaning up all around and pushing hard on all fronts, I personally love it.
I like the location tracking and ordering as you scroll down on home page where it says Find us across California. I do think there's a typo tho- "view wedmaps" button should say "view weedmaps" I think -- Right??
Anyway I've been crazy busy I haven't been on their website in probably 3 or 4 months! I guess I've been busy watching the shares rise... :)
well, my bids are lined up, all the way down if someone(s) want out, I'll gladly have a few more... GTC ;)
That’s what we’re here for, since .04-.05 ;) I’m sure this changes really, nothing. In fact I’m so sure of it my bids will be in on Monday in hopes some investors follow your lead. ...Now if Mike got up and left, different story lol
Yup.. I only continue to be more convinced than ever before ever since I first bought in here.
Ones like ACB and HEXO are played out and on the way down and out for investors. This should only bring more eyes to rising stars like our NGW. With continued solid execution by management they're on the way to be a larger player across the nation, one day (Mike's word west to east)...
That's why regardless of who wins the election Cannabis will make its wave across the country. I think it is a mistake to tie it directly to a specific party. Sure the stock price will fluctuate because of that (that's just how it is) however it won't matter all that much. Tax revenue and jobs are big deals, so each party will get it done, maybe one a little faster than the other. Who knows, and what do I know, nothing really- just hold out and hold on. We have THE winner.
Excellent, thanks!
Hi Cresus, I wouldn't sell 1M in one shot, ever. Probably 50-100k at a time... I expect by then, whenever then is, we will have gained more liquidity so that a 100k share sell won't budge the price all that much. I know you've watched this trade long enough to know a 100k sell can wipe out the bid since not many buy orders are lined up, I can't imagine what a 1M share market order would do right now lol. But thats a market order, I try to always sell at limit also, especially with a stock like this.
All of this volume lately is wonderful though. It's what we've been saying for at least the past year or more here, about volume increasing with increasing investor interest, looks like it is finally taking some shape!
I have been thinking those same thoughts over and over and over. I think it is finally becoming apparent to the investing community now as the word is getting out and as maybe investors are turning back to look at Cannabis again. Just feel so blessed to have been able to be here early with all you all. To say I’m excited about the next 12-36 months is an understatement. I don’t think I’ve ever seen this much potential for earnings growth and profit for a company and early investors as this in all the years I’ve been in stocks. I did hit other big ones early and did well a few times, but nothing ever where I held over a million shares around .10 with a very real possibility of multiple $1+ share price down the line!!! What!? Crazy..
Thanks CF just got a chance to listen - LOL love the beginning Mike stopping and repeating himself, yes you heard that right- we are a Cannabis company, with profit, we are cash flow positive profit cash flow positive.
I believe he said margins 42%, and then 60% on sauce carts. Really the best move ever to go at it with the NEXT GREEN WAVE brand and ditch the rest. We are on track for explosive growth... now we just need another facility (sigh)
and that will be the story of the future over and over again, but with expansion and margins like that we will be sitting pretty and hopefully no need to cash raise with diluting shareholders all that much. <--which as been the story thus far and a huge part of the reason I've stayed in this from my first buy in. Mike and management continue to do a great job and have not shaken my confidence in their success one bit, only make me want more shares, all the time. (LIKE ALL OF YOU HERE!)
Lol true.. yea wonder what happened to him
Another great day! Love volume like this on the way up, shares sold being bought up and held onto... And we finally hit over 1 Million shares for the day! First time ever since I’ve been here I think, and many many more to come in the months ahead.
Nice day! Can we get to 1 Mill+ volume for the day?!?!
Yeah maybe it coincides with the lawsuits, maybe not, maybe the restatements are already done, sounds like they’re not. Lol.. bottomline is NASDAQ is allowing them to trade still in anticipation they will file at some point, this time Nov 9 is the day. We will see. Pareteum is till very much in business, NASDAQ doesn’t just keep granting extensions for the heck of it ;). Well, we will see how it shakes out.
I read people saying restatement deadline is today on yahoo finance board but I thought it was end of Oct...? Although I don't pay attention to this stock much I see it is at .66 again, likely downward pressure until something comes out.
Anyway my guess is IF nothing comes out today expect a plunge tomorrow or for a few days. IF something does come out, short covering could move big.
As for me, for now I put all recent gains into my NXGWF pile ;)
I'll wait before I add in .50's or under again here. GL!
Yes good point!
Excellent! Well done again Mike & team!!
Yes Craig, sorry I didn't get back on here until this morning. YES this is all very good, insider buying and options. I'd add that a lot of companies will give incentives like this to their employees like HD said BUT I've noticed a lot of times the options are grant at $0 per share, yes $0.00! In this case however the options exercised at .25 are considered very bullish since the current pps for NGW.CN ticker is just .265!
Hey Harpo, I always check SEDI Insider filing here:
https://ceo.ca/api/sedi/?symbol=NGW&amount=&transaction=&insider=
Looks like he executed options at .25 to grab 400k shares. NICE!
HD – very informative and exciting posts about your tour HD! Thank you SO much for your efforts for accepting Mike’s invite and keeping us up and up on the facility by taking your time to not only visit but put these posts together. As others have expressed here the tour couldn’t have went to a better man for the job!
Bottomline is expansion has to happen and will be interesting to see how Mike and co decide how to do this like you said…. I know there were talks of leasing space but I think that can be troublesome given the high level of security and features you noted- they are obviously heavily invested into this facility to make the best Cannabis and products as your tour noted. So, I’d imagine if leasing they would want to assemble the same equipment to grow and enforce the same policies and procedures into a leased space in order to carry out the level of operations and QA they currently have. How easy is this to do with what is out there? Maybe lease with option to buy? They really need an exact clone of this facility, but then it sounds like if things continue as they have they will need another, and another, ?? Either way Mike and co have proven over and over they can get the job done so I am confident they will make the right moves.
Too many things to mention about what I loved about what you said, just a few that come to mind:
-Shipping department: You said WAY more than you expected. Amazing! Question just CA cities yes?
-Branding: you said EVERY product bore the NGW brand. So happy to hear this, and this is PERFECT!
-NGW was ranked as one of top two growers in CA. WOW, (Who is the other??)
-Confirmation that there is a shared passion and knowledge and respect for Mike and how you said it resonated from those employees you met. HUGE deal for future success of company.
-Instagram and press: confirmation that their pics and the news they put out is LEGIT. Sounds like their facility and security really is state of the art and immaculate and serious.
We all know and have even more proof now that NGW is all about NEXT LEVEL craft Cannabis from beginning to end... If Mike and team got us here, it's only a matter of time before the masses of investors catch on:)
Overall Conclusion: I need more shares
Thanks again HD!
So awesome! I wasn’t sure which weekend it was. I’m excited for you and excited for your report back to the board here. Enjoy!!
Nice! When is the tour again HD?
Thank you to Mr. seller person... I couldn't wait any longer for an even number of shares again lol
I just put up an order for another 21k at .21, why not make it grow some more:) Happy Friday everyone
Yea sort of, its a way to raise money. they are loans and NGW needed this cash raise to expand etc. It's a way to grab cash at low rate when a conventional lender might want nothing to do with them (i.e. risky Cannabis industry). The risk the investors take is they are unsecured, so if for example NGW was to have gone under they will have to wait behind secured creditors to get paid, if anything down the road.
The investor(s) bought them really for the option of converting them into stock (shares of NGW) because upon maturing they could cash in for stock of which they believe is a promising company (so they make more money).
So YES, now that they are shares this will dilute their ownership of the company, which is what this release is saying happened. However I believe in NGW's case this was a great way to go and for good reason early on. It was in the best interest of all parties since low rate vs conventional (which was probably a tough way to go) and timing wise it worked out great for investors (and stockholders)- now NGW has Rev's and headed up vs diluting on way down.
Question for board: since this is saying they have shares now were the possible big blocks for sale we saw recently some of these investors that cashed in recently for stock and sold?
What is a Reverse Merger?
A reverse merger process is carried out to merge a thriving and potentially scalable private company with a dormant or “shell” company listed on the exchange. The foremost objective of a reverse merger process is to bypass the extensive procedures and regulations imposed by the government on a company seeking to issue an IPO. The private companies achieve this by acquiring greater than 51% of the equity share capital of the public shell company or commanding a control over the board of directors.
Think of a reverse merger as a back door entry for a private company wanting quick entry to the arena of listed entities. The private company is able to save on significant amounts of time, money and management expertise when it opts for a reverse merger against an IPO. Also, going for an IPO does not always guarantee a listing on the exchange. Insufficient funds raised during an IPO may cause all effort to go in vain. A reverse merger is therefore, an inexpensive and simple route to gain access to the exchange.
yep... Well in all the years I've seen this maybe twice before. Both were reverse mergers, where they have a shell left over that was trading at some point and a new company transfers stock and takes over same ticker. I'm no expert but in both cases the stock went up, then quiet for a while and then BOOM and news. I guess I just hold these good ole shares...
yep... Well in all the years I've seen this maybe twice before. Both were reverse mergers, where they have a shell left over that was trading at some point and a new company transfers stock and takes over same ticker. I'm no expert but in both cases the stock went up, then quiet for a while and then BOOM and news. I guess I just hold these good ole shares...
actually Harpo as far as I know yahoo finance always picked up their news under Press release section, not news section, right?
I also just checked and same- didn't get their updates on my TDA news stream... that would be nice to see.
Either way this is more than ready to go again. :)
Nice!
Im with you! Have 88k still, every single one free, all gains:)
Just flipped my 40k shares from .60 at .85. for another 10k. FREEBIES
my pile is big and all free, gotta love this stock!
I just saw! ...WOW!
Yes.. this should get real interesting again very soon. Oct is the month of restatements apparently. We'll see!
Interesting I have 50k shares here left over from YEARS ago... no activity, the stock was dead now I noticed it is trading? Over a mill volume last few days. Very interesting. I haven't noticed because it is such a small part of my account and wrote this off long ago. I do remember when this stock was trading it had a lot of attention and volume at one point and they were making big bucks for a while. I traded it a bunch of times and these are left over nothing shares, really it must be like 7/8 yrs ago lol. I do remember them merging or being acquired after it all went south. Is this the start of DHR trading?? To move from grey to pinks means something is happening. But what?