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That's because most traders know the paid pump is for the benefit of the $65M note holder. I estimate another 20M shares will be dumped over the course of the next month or two, and no trader who knows what they are doing will risk their capital knowing that.
Incredible to think people still believe the mall business model is a winning strategy. Only benefit is possibly getting product in front of otherwise uninterested eyes, but online will continue to reign supreme.
Anyone see the nearly 300,000 shares dumped today on the bid. That's dilution...
Sub $.10 split adjust price, yet again! Bwhahaha, one of the worst MJ scams of all time.
Lmao, everything you write literally makes me chuckle. You'd rather have more shares out now, making it more difficult to move the stock upwards, instead of them dumping after you theoretically should be out of the stock for a nice gain and at a higher price?
Wow, just wow, I guess without guys like you I wouldn't be able to make a living so thanks.
LMAO, another pump article. Guess this is what $180,000 gets you these days.
Only time I'd over go "long" on this garbage would be if management agreed to lock-up and took a pay cut. Overpaid "retail" know-it-alls clearly have no idea of convertible debt servicing in the OTC works.
You are also not trying to be correct in your previously stated assumptions so congratulations on the humility.
Thank you, I've been told that many times but it's nice to read that and have it affirmed by some anonymous person on the internet. It's ok to not be good at trading, someone has to buy shares at the high point.
Sadly this is nothing more than another paid pump article written by MJ stock shills.
Why add now when you can get $1.60...
Educate yourself...
They aren't selling at a loss, not sure where you got that from. They are selling for a significant gain right now and will not sell for a loss unless it's under $1.80 CND or $1.30 USD. I don't personally think they'll sell it that low, but I do not think the blood shed has ended. Two more weeks...
Because it's not manipulation, it's dilution. The $65M note is being sold into the market and the market makers in charge of liquidating those shares are also short selling at the same time knowing they can drive the price lower. It happens all the time to MJ stocks, but it doesn't mean it's manipulation. I'll be a buyer sub $1.80 as I've called from the beginning.
You must be kidding, that's exactly why there is selling pressure. If you loaned $65M to a company that was generating a $10M+ quarterly loss you'd convert those shares and dump on retail with every chance possible. Very bright, thanks.
Still want to make that wager of $4 by 9/13 with millions in dilution still coming?
And a new 52-week low printed, lmao, with over 150,000 shares dumped. I anticipate at least 20-25 million shares still being outstanding from that convertible debt. Moving my bid to $1.25 USD
Bwhaha, look at that new low of day. Considering $65M is converting at $1.80 Canadian, I fully expect a low of $1.50-$1.60 by next week, company is just terrible.
Will you look at that chart, another incredible bearish engulfing candlestick. But yeah, kiosks are the wave of the future.
Anonymous selling the living heck out of GGB today. Someone wants out before the rug is pulled...
Of a five-tier display, which literally is nothing. Best case scenario is a $1000 a week, if they are lucky.
FWIW - having a five-tier display rack in some clothing stores across America and some cheap mall "kiosks" is hardly worth a 500M market cap...and of course the market is acting accordingly. The market can sniff out a sham with relative ease.
Lol, no they aren't, the stock is acting according to the CSE price action. If you look at the CSE tape, multiple clearing houses have been dumping shares ALL DAY. Get a clue...
Looks like I was right, yet again. Kind of gets old...but be thankful the gap filled now and not in November. Fully anticipating a fade to sub $1.80 by mid-August.
LMAO, you do realize VALX and OTCX are merely the MMs in charge of making sure the US market trading coincides with the trades occurring on CSE market right? They aren't manipulating anything if you actually look at the CSE book/tape. Apparently it's amateur hour around here...
And ANOTHER low for today, will continue to wait for the drop to $1.80 or lower...
By the way, anyone see the court ruling declaring the Florida law limiting the number of licenses in the state unconstitutional? Looks like that $50M spent by GGB is going to be a write down now as licenses will become a dime a dozen. Where's the peanut gallery?
Anyone notice how several MSOs are up today while GGB plummets more and more? Again, maybe that should tell you something about the company and it's standing in the MJ investing community. It's merely a vehicle for the rich to get richer via securities and nothing more...
Weird how I'm right almost every single time about these MJ plays, but that's what happens when you play them since 2013.
Another gap to fill at $2.10, enjoy...
Gap filled with a nice 57,000 share dump, again, for probably the tenth time in the last three trading days. LMAO, hilarious there are still believers out there with the clear evidence of dumping...
Oh, and look at the Accum/Distribution indicator, another tell tale sign that the company is doing nothing but dumping shares...sorry for your losses.
I fully anticipate this being $1.80 or lower within the next two weeks. No catalyst, no real earnings, inept management (or crooked, take your pick) and the company has decided to dilute shareholders again.
The aforementioned is a recipe for disaster...
This is your typical Kramer pump, putting retail shareholders at risk for the benefit of wealthy cohorts. The tape clearly shows large blocks of shares being dumped, which isn't retail.
Considering the last time Horvath was on Mad Money the stock quickly dropped you'd think retail bagholders would catch on that the market doesn't think the business model is viable.
I mean, they paid $50M+ for a license to "potentially" grow in Florida, that's all you need to know at this point. And as I type, more dumping...
Just as I suspected and called out, Kramer pump and dump. Every bid has been destroyed, market still clearly thinks the CBD kiosk idea is nothing more than smoke and mirrors.
Coresight Research is a start, and Kramer is the #1 pumper on the planet, LMAO. Great track record on pot stocks, my gosh that's hilarious.
Incredible how data points that are easily accessible via research eludes "savvy" investors, yet the market clearly is pointing to failure. Not saying this won't pop like every other MJ stock that has been pumped, but it's not a long term winner.
Maybe you should actually research the statistics of mall foot traffic.
And no I don't believe it's snake oil, I consume Blue Bird Botanicals 6x Concentrate everyday. I understand this market far better than most posters, I just don't sugarcoat things...
How does it make sense when the company just diluted shareholders to the tune of 100,000,000 shares? LMAO, that's nothing to be excited about as it puts the OS to nearly 300M shares, which is why many bloated MJ stocks aren't moving. Another shinning example of over-promising and under-performing from GGB management. These guys are guppies swimming among great whites and their "retail" experience clearly means nothing to the market. Kiosks will be a bust as malls continue to close down throughout the US.
Bwhahaha, how predictable. Buying tomorrow for the $2 magnet play on dead cat bounce. Once trash, always trash...
Easy $.80 just based purely on correction of MC, but I agree, $1 is more than possible.
Sub $2 coming, as I predicted!!