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Thank you Gogo, this is extremely helpful!
It might help the board/new investors a bit (definitely me)...to understand how a Budbo ICO would generate returns/wealth for INMG...
Aka isn’t an ICO like an IPO (but just digital coins vs. stock)...so the issuer gets some amount (say 20 cents per coin like you paid), but all the wealth is made by coin holders trading on the secondary market, right??
What is INMG’s role here and how does it make money from this (if hypothetically involved as a sponsor or some other capacity)?
Also I found your statement below intriguing, can you expand on it...
“It is hard to hold fast in exponential growth so develop a thesis and hold to it.”
Got myself up from 20k to 169k in the last week...I’m locked and loaded and ready to go!
Are CEO Tom’s shares restricted or part of the float?
Ok, I throw this out because I’ve been on here so long (for me) that I think of you all as investing family, but if this is not the place, let me know...
I’m focused solely on MJ sector investments now, and while I’m rock solid in POTN as my majority holding (by far), I’m branching out a bit and looking for others, buying the Sessions Dip...BUT, my caveat is, I as an investment strategy won’t chase stocks that have already had a run up (a number of times to my great great detriment)...I try to buy them at the bottom (like POTN at .06).
So, what I see as ones that haven’t had a 50% increase in the last 3 months (rare I know) but are still solid, and I have been focused on 2:
INMG - on their message board the top sticky says all their is to say about this stock and why to invest...(MJ media/ad company with website, but no “illegal” activity)... .0157 today but been in the .01 - .016 range for several months
HMPQ - about to go live on a 700 liter CBD extraction machine, pretty good story (not as good as INMG in my book) and stuck at .01 for the most part...
Both just started but show great promise and I think could “pull a POTN” and take off.
Any thoughts on these and any others to add to the list (that have not already had a run)?
Here’s my “conspiracy theory” guess on Sessions...he either a) did this at the instruction of Trump to take attention off of this new book coming out/Russia investigation or b) did it without running by Trump to force Trump’s hand to fire him (or in defiance of him) where he could leave saying he stuck to his principals and be in the good graces of Big Pharma (maybe to take on some cushy advisor role after he leaves office)...
I’m not political so not trying to start a debate, I just think what’s really at play is something like that...
My understanding is that MMS can report trades that happened during the day up to like 15 Minutes after close so not true after hour trading just reporting.
Not nearly as cool as going all in at .14 (your timing is amazing, wish I had your discipline, and welcome to a great community)...
But did stay disciplined (first time as an investor besides 401k and a few losses over the year) and sold 7,500 shares at .19 such that I now have recovered 2/3 of my cost basis while keeping 83% of my 200k shares...
I now have my “I can sleep at night” position...where I now have an effective cost basis of 2.6 cents on remaining shares and can stay in for the long run where a $6 price makes me a millionaire!
Not as cool as some of the others who have millions of shares but I’m happy to remain on board this great ride and have learned so much from you all and look forward to celebrating future successes!
Thanks for all you’ve taught me!!
So do you think that means higher highs in price then we would have had without the shakeout?
Oh, I’m just holding tight from the .06 days...hard for me to buy into fear...
I wish I had the intestinal fortitude to buy these dips like some of you but I consider it a major victory that for risk averse me, I didn’t sell some when I saw a 30% loss this morning.
Here’s my take on all this let me know if you agree:
Its basically Sessions against the world at this point and the market has priced in that Sessions wins...and even if he does it doesn’t mean anything happens.
That means that any change in where we’re at now will be positive (Sessions has done his “worst”) and prices will spike up on that...
Yesterday’s drop makes sense and this morning was after people had a night to process the news and the weak hands who fear the worst sold out. We’re left with a group that thinks this is the bottom and is ready for a move up....aka the “fear selling” is pretty much done and now there’s a lot of upside.
I tried and didn’t see anything...what did Senator say?
PS, 3 times this morning, had sell orders out for .15 or lower for a portion of my position and all 3 times cancelled the orders before they filled and GLAD I did...”I can’t quit you POTN”!
Most of my MJ stocks are up today. This one has always lagged a bit. It will catch up
Agree, but also thinking of putting in a stop loss sell order around 13 cents...want to lock in a 100% gain on investment...but also don’t want it to touch 13 cents and then take off...Thoughts on what to do??
I see several stocks with big gaps developing between the bid and ask for MJ stocks. What does this mean?
Given the way we ended yesterday thought we might have a correction day even before the Sessions news.
Looks like a rock solid floor at .18 forming.
Not too dissimilar from the pullback we had after the 80% run up day just a little more.
Grabbed a small position at .16. Finally on board after not pulling trigger at .03 and .05
Bought more at .012...had an old buy order that I forgot about that got picked up while I was taking a shower. Nice!
One Wall Street analyst downplayed the impact of the decision, saying the legalization movement won't be affected.
"We don't view this as terribly disruptive, as enforcement decisions will seemingly be left to state-level AG's," Cowen analyst Vivien Azer wrote Thursday. "In legal adult use cannabis states, given the tax revenue generation, we believe local governments and AG's are largely on-board with legalization."
V shaped recovery on a lot of the MJs. I didn’t have the “grapefruits” to buy at the bottom this morning but I did have the stones not to sell! Did others buy or just hold tight?
Bought a few this morning on INMG and HMPQ and they’ve popped back a bit. Should have probably grabbed more POTN at 16 but at least didn’t panic sell which was a temptation for a minute.
I agree this move by Sessions will probably scrape the “froth” off the sector (see NUGS) but the rock solids will climb a SUSTAINABLE path back up.
Also took a little off the table today. Sold 26,000 at .25 to recover half my cost basis but still have 174,000 left to enjoy the ride. Love this great stock! See you all at .40 (and then again at $1!)
Please explain what do you mean above resistance?
.22!!!!!
Easy we hit .40 in the next few months.
Amen!!! Me too!! Gonna be another MONSTER day! If you aren’t already part of the ride get on board now, last train to $$$ is leaving the station!
A StockRocket post from 12/32 said that Float on Dec 18 was 234m shares. Now I see 178m or something. I am trying to understand why that changes.
Please help me understand how the float changes in real time. Wasn’t it a bit higher a few days ago (I believe it was like 233 million a few days ago). So how did float go down to 177m or whatever? How were he shares taken out of circulation?
Moderator can we get this Business Wire post up on a sticky. We have new visitors who should see the great things going on.
270m shares outstanding x .185 = $50m.
I know nothing of technical trading. Can someone who does besides Clay give their hougjts and interpretations in the POTN chart.
Good info. Additionally subsequent to 9/30, approx 300m shares were converted to preferred so outstanding shares is about 270m now.
A rising tide lifts all boats I guess. Even if that boat is riddled with holes like this one. Another PR here would do a ton of good for the stock price.
I want all the feedback possible!!! I HATE chasing but the market cap is cheap and this hasn’t really run yet. I will try to get myself up to 100k shares and then see.
The big block selling has ended so you could be right. We have a winner on our hands!!
Please don’t kick yourself. I am guilty of doing the same on these stocks but it’s impossible to get it right all the time. I bought a tiny position at .01 but then never added on the dips and now chasing. Now have 65k shares at a .0132 cost basis. Want to get to 200k and if it falls back to the .008 range get to 500k.
So the question for us Droid is what do we do now? If it goes to .04 or .05 these small price differences will just be noise.
You buying at this price or watching ?
I tweaked it a bit and sent this to the “contact” at the Potnetwork Holding website. You all may wish to do the same.
This message is directed to management and the board, the volume is up so is the PPS, I see no reason to keep using Sign NOTE any longer, if you need $500,000 dollars all you need to do is sell about 3.000.000 at the current price which will take about 1 hour to sell at current the current volume of shares sold per day and we stop the toxic financing altogether. It you retire that note the stock price goes to $1 easy and we all win. Please make eliminating that note a highest priority. A lot of investors are rooting you on! We are on InvestorHub and are rooting for you to get this Note eliminated. The day you make that press release the stock will be unstoppable and make 18 cents look like chump change.
TD for me shows .0165. I rediscovered this stock this weekend, bought a bit more today but wish I owned more! Only at 65k shares. Any hope for a pullback so I can get more?
POTN is my big holding and had an amazing 70% increase today!
To those who hung in before the run (aka BC...Before Cha-Ching) congratulations we all shared unwavering faith in this and it’s finally happening. This is big time now and with 270m shares outstanding x 18 cents still just $48m Mkt Cap on around $20m of revenue annualized ($1.6m last month x 12 months)...
A $200m mkt cap puts you at a 4x increase in prices or .72 cents and that’s still a reasonable valuation.
TD Ameritrade shows a beautiful $.185 close. Up another 70%. 20million volume at these prices means many times more money coming in vs 1 week ago! Where do you think we go from here? (Aka how far up?)
In the meantime...I’ve almost tripled my money! Get on board.
Touched 15 cents!!
Why doesn’t INMG make the CannaNet site a platform for MJ industry companies to issue their ICOs? Is that plausible? Or at least an info hub on ones going on then it has another way to get site traffic from MJ investors. Or have an area where MJ investors can gather and chat or get industry info.