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Yes, and all three were obvious scams if you did any DD.
There will be more suspensions as well. I'm guessing HEMP, RFMK, etc will be in there at some point.
But again, that doesn't mean that all MJ stocks are scams.
Check out the Canadian companies.
Again, SPRWF, ATTBF, and NXTTF are the ones I'm looking at. Also when Tweed goes public soon (they already have a canadian grow license).
IMO that's just ridiculous to label the whole sector as scams because one of them got suspended. There is plenty of money to be made from reputable companies in this sector.
There are definitely a lot of scams out there so it's good to proceed with caution and do plenty of DD but there are solid companies as well.
Canada is giving grow licenses to a handful of companies and they will be poised to make huge money. Speculating on those companies is a reasonable investment in my book.
Again, this could totally effect confidence in the MJ sector. This is the 3rd MJ stock they've suspended.
As I posted before, I'm sticking with Canadian plays. SPRWF is my favorite at the moment.
CANN - here is the info from the SEC no the suspension
http://www.sec.gov/litigation/suspensions/2014/34-71814.pdf
"The Commission temporarily suspended trading in the securities of Advanced Cannabis due to a
lack of current and accurate information concerning the securities of Advanced Cannabis. There
are questions regarding whether certain undisclosed affiliates and shareholders of Advanced
Cannabis common stock engaged in an unlawful public distribution of securities. Advanced
Cannabis common stock is dually-quoted on the OTC Bulletin Board and OTC Link. This order
was entered pursuant to Section 12(k) of the Exchange Act."
SPRWF - I think with the news of CANN suspension, that Canadian MJ plays might be a safer bet. SPRWF looks ready to run.
With the news of CANN suspension today, it seems like Canadian MJ plays might be a better choice.
SPRWF
ATTBF
NXTTF
are all worthy of a look.
We really don't know that. They could be doing a lot to secure investors behind the scenes. Hopefully that is the case. I'm still willing to give management the benefit of the doubt based on my experience owning this stock.
FLPC
Nice, The company hired for investor relations hasn't even taken the time to read the 10Q yet? This is what we'r dealing with folks.
FLPC
It seems like this is all exactly what we expected. I don't see any surprises. Is that right?
FLPC
lol, of course you do!
FLPC
huh? Not sure how that effects free trades.
I don't pay taxes on trading fees, do you? THey are an expense.
$FLPC
Has to be a new account. I opened a second account (a Roth IRA) and funded it and got 500 free trades.
FLPC
Old old news. Not relevant in the slightest.
Merger is happening.
$FROZ
One of the main lessons I'm trying to learn:
Logic is one of my best tools for making money on penny stocks.
Also found this part interesting. Didn't know it was a different process.
"lithium isn't extracted via traditional mining (though it can be) but rather through an electrolytic process that separates lithium salts from brine pools and brine deposits, a flexible and scalable process that requires a fraction of the sunk costs associated with traditional mining."
FLPC
Nice Article.
This caught my attention:
"From a supply-chain standpoint, it would make sense for Tesla to look for a domestic supply partner for its Gigafactory, which will be built somewhere in the American Southwest. "
FLPC
FWDG #23 on Breakout Board
Yes, very annoying. News looked good today but they totally killed it
LOL. Oh no! I'm selling all my shares at market value first thing in the morning!
Carini's gonna get you!?
$FROZ
You didn't lose any profits. You don't have any profits until you sell.
FLPC
I still don't get it. If you think it's going below .02 then it would be smart to sell at .025 and then buy back in later. Otherwise you're just going to be saying the same thing then as you are now about .075
FLPC
If you really believe that then it wouldn't it be smart to take DDM up on his offer?
FLPC
Fantastic DD! Everyone should read this.
$FROZ
"Once in a while you get shown the light in the strangest of places if you look at it right!"
$FROZ
Great DD Stukture. Good to see that they have learned from their mistake and trying over with a more solid shell company in FROZ
$FROZ
#2 MOST READ!! - #3 MOST POSTED!!
Lots of eyes here this weekend. Should be a nice day on monday.
$FROZ
$FROZ #1 MOST READ on iHub!!
#2 Most Posted as well!
Love your charts Struk. Thanks for sharing.
Keep talking. Every time you do, DEWM share price rises!
Thanks
%DEWM
I have to disagree. You claim there has been a substantial decrease in share price since Murdock has been involved but looking at the charts, that isn't so.
The Murdock announcement was on Dec 10th. FLPC closed at .0276 on Dec 9th. since that time it has fluctuated between .021 and .028 with a couple of dips lower and a couple of runs into the 3's. One as high as .0379 (on Jan 22nd).
We are trading fairly in the same range as when Murdock came on board. At this moment it is at the low end of that spectrum but it's been pretty stable fluctuation in that range.
FLPC
If you really think it's tanking then why not sell and get back in cheaper? Especially if you think it's going back to 00's
FLPC
I'm not totally convinced that Murdock is all bad. On the PR front they certainly aren't helpful for keeping shareholders informed or boosting share price but If they get us financing like they are supposed to then that would help a lot.
We don't really know what's going on behind the scene. Of course that is part of the problem but I choose to have a certain amount of faith in management.
FLPC
You are wrong butI have no idea what "the syrup company" is. I'm guessing you're talking about Koma right? That stuff tastes like ick!
Try Purp instead. Tastes amazing and really works!
DEWM
LOL your link shows that way back in August there was a small amount of Koma in two Walgreens stores. Most likely it is all in the clearance bin now and the shelves are filled with LEAN!
DEWM
Understood. My only point is that FLPC isn't the onlyLithium out there so Tesla might not be as likely to want to take a company through the process when there are already other companies up and running.
However, I hope you're right and Tesla partners with FLPC.
Love it! Taking the bull by the horns. Great idea GO4!
FLPC
That would be a game changer for sure. I'm just not so sure that Tesla would do that while there are other companies with mines already producing Lithium.
Would be incredible though!
FLPC
I hear you and I would love to see that as well but I wouldn't get your hopes up too much.
From what we've heard from management it sounds like they have a plan and they are busy implementing that plan and are not concerned even a little bit with media plays for the purpose of boosting the share price.
Antimony is their business right now and for the foreseeable future until they get enough money to explore the Lithium mines. Until then I wouldn't expect much talk of Tesla and Lithium.
Just my take. I hope I'm wrong.
FLPC
Nope, you never made a profit because you never sold. Had you sold, you would have made a nice profit. Sorry you made a bad decision not to take profits when you were ahead.
Sell on the way up next time! Take profits!
Still, no loss until you sell.