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I am in the mountains so maybe it’s just me. And thanks for the Night Flight info, sounds like those crappy movies have kitsch appeal....
Ok finally went on the site...might be my connection but am I wrong that it runs a little slow?
Also what’s with all the sh*tty b-rate movies? What does that have to do with MJ?
I agree crypto is a super duper long shot...
Aurora (ACBFF) is like $8m per quarter of revenue and valued at $3.5 billion so not sure why $6-8m per quarter for this stock couldn’t validate a $285m valuation (aka market cap of 10x annualized revenue)...and please give an answer besides “no way bro, LMFAO”...
You’re basically saying a $1 price or ~$285M valuation...to pull that off you need (guess) $6-8 million per quarter...possible but will take some time. At least a year or two as a total guess...
Only way it gets there quickly is if they get into crypto or an ICO IMHO.
B&C, I don’t get the point of your continuous arguments here...of course there’s not huge revenue, the venture basically just began a month ago...as StockRocket showed from his example there’s a number of advertisers on the site so now we know new revenue is incoming and the cost basis is and remains low, close to profitable.
Worth $3.7m on call it $250k of annualized revenue right now based on Q3 numbers, so call it 10 cents if they get annual revenue to $2.5m to $3m...seems do-able given the business is now up and running...the Q4 numbers are the only ones relevant at this point in my opinion and then really meaningful numbers probably not until Q1 2018.
B&C I just don’t understand why you’re so down on this stock...because you lost money here previously or know something we don’t know? The DD case by StockRocket seems pretty compelling.
As far as news/story, I think starting your main business in the last month is probably sufficient news for the present.
Happy New Years to all my fellow Kong’s! Great end to 2017 and here’s to a highly profitable 2018!
But that’s the problem there is no proof of even funds to finish the existing condo build. It’s campgrounds and no news on how the one in OR is doing.
Yes 19k shares is super duper light weight. Want to get to 200,000 ASAP but trying to do DD and time and entry point.
I just realized this stock may be the canary in the coal mine for the MJ hysteria. Because it moved on no change in a bad story I believe all it’s moves are tied to flows in sector money.
Thanks for the info. So is he planning to grow his own hemp or just process imported hemp stock or what?
Can you provide a link please
Are you expecting anything materially different than what they’ve been reporting quarterly? I’m not...
Moderator or someone please go to INMG and look at the top of their message board at the first sticky post...a beautiful summary of why someone should invest in the stock...WE NEED THIS KIND OF GREETING FOR NEW INVESTORS...I’m not a moderator, so will SOMEONE PLEASE DO THIS FOR US...30 MINUTES OF WORK COULD MAKE YOU THOUSANDS OF $$$’S...PRETTY PLEASE!
Thanks but that doesn’t help me understand why my $20k became $200k...seems like that doesn’t happen by accident. You’re saying the “rising tide lifts all boats” theory can cause a 10x move? Again, hope you’re right, I’m just a very cautious optimist.
I hope to heck you’re right on $1 by end of March but that’s a pretty aggressive target, what is your thinking behind that? What are you basing it on?
Also, I believe POTN has an office in CA in anticipation of going legal...someone help me confirm that but its been discussed on the board, its in Beverly Hills or something??
Yeah but as a CPA I know that is a super aggressive timeline for an audit. I hope that early but I would expect it takes a bit more. My company’s audit takes several months.
Thanks! Trying to make the case for jumping in big on this. Like that CEOs compensation is 100% stock. Aligns his incentives with ours. Do I understand right that the machine is expected to produce $700k/mo of revenue? If so we should see a big pop in stock price. My existing cost basis is .009. Do we think we could see a move back to .008? I will put in a huge limit buy on that. Should have already. I think huge upside possible given the risk/share price. Any agree or disagree?
Agree all hype. Haven’t filed financials since March, CFO quit, toxic financing instrument, insiders were selling, they’re running a campground in Oregon and building a set of grow spaces in Oregon. I don’t see how MJ sector hype changes their story here. I bought at .11 cents on the $1.5 advisor valuation and watched it go to $.01. Just be careful. Nothing changed since then and it ran 20x. It can fall just as easily when the hysteria stops.
Why don’t the 3 billion show up on the 10q. So value of over $30m?
They’re doing an annual audit due out in late January they said.
Toxic debt is not a death sentence...example on link
https://finance.yahoo.com/news/agritek-holdings-inc-announces-deal-133000617.html;_ylc=X1MDMTE5Nzc4NDE4NQRfZXgDMQRfeXJpZANlcHQ0Z2t0ZDRnOGwwBGcDZFhWcFpEeHVjejR6TmpVMllUWmhZUzFsWVRWbExUTTFObVF0WVRSaU1pMWpNMkZqTXprNE1tVTNZekIxZFdsa1BHNXpQa0ZIVkVzPQ0KBGxhbmcDZW4tVVMEb3JpZ19sYW5nA2VuBG9yaWdfcmVnaW9uA1VTBHBvcwMzBHJlZ2lvbgNVUwRzeW1ib2wDQUdUSw--?.tsrc=applewf
You’re right! That can’t be right. If the Market Cap is $150k, then this stock is probably the single greatest value I have ever seen. Do you think they mean $15m? That would make more sense 1.1b sh x 1.3 cents
Thanks. Can someone help me calculate the market cap. I see 1billion shares in the 10Q but the press release says 6B being reduced to 3.7B. This would value the company somewhere between $10-37 million??
Ok I own a small position here and am thinking of expanding. Will start my DD now.
Any summary info for this stock available?
Million dollar question...the MJ sector has gone nuts but excluding today, this one sits flat...why? I am heavy in POTN and had the same issue and then it went up 80% yesterday out of nowhere.
Thanks all for the responses. Love the wisdom of the group. happy New Years all. I think I will log off for a bit and try to actually enjoy the beauty of life (been obsessing on stocks and the such too much lately)
Why is mine showing 10.85 vs. 11.4...
What are seasoned investors making of today’s action. I lack perspective. I am a little nervous that I held today vs selling and buying back in later. But I hate timing markets. Could use some reassurance.
Take out that crazy end of day spike up yesterday and look at how the two day price forms a straight line pointing up over the last two days. STRONG!
This issue has been litigated on this message board already for months and my feeling is that it’s priced in. Hence it was trading for 1.5x annual revenue two days ago.
Two of our favorite longs got out of the stock because of it a few days ago and missed an 80% move.
Back to 12 cents! We rode out the morning sell off....off we go to new highs!
Heavy dilution? They just retired half their outstanding shares (technically converted to preferred)
Agree! I’d make a horrible day trader...probably have a hard attack on day 2, I’m not wired for that...I think I’ll put the computer down and go watch some tv.
But looking at today seems to be a strong floor in the high 10 cent range which seems promising...if that’s our new floor vs. the 5-6 cents range from before, I’m a happy camper!
TD ameritrade
It went up 80% yesterday right at the end, there’s bound to be a small pullback as some traders cash in.
Someone smarter than me please interpret this mornings trading for a stock rookie...ok a risk averse stock rookie
Congrats, you deserve the big win, you put it all on the line for this and didn’t waver in challenging times.
Don’t let it get you sick, you were not alone. I came super close to doing the same thing...been holding my 200k shares for a long time and then recently everyone talking about day trading this and I just couldn’t bring myself to do it for fear I would miss a day like today (which never came)...so I put in a standing .07 sell order for 1/2 my position, but after a couple of days cancelled it and wanted to “play it live”...then it closed at .068 yesterday and had it jumped to .07 and sat there or had the normal ceiling I might have sold to buy in lower again, but by the time I woke up and checked it was in the 08’s and the rest is history...
Get in now, not too late IMHO...I probably would have bought 100k more had it dropped into the mid 05’s but it didn’t...in hindsight the difference was immaterial and I should have just bought more, but HINDSIGHT IS ALWAYS 20/20...your trading logic was sound and you just have to move forward and add this to the body of knowledge that in time makes us all wise (if not wealthy) investors.
260m or so outstanding.
Ok time for price guesses for tomorrow. My safe prediction is .15 with an “outlandish” guess of possibly .18
Thanks, it took believers like you to help me keep the faith! You’re the big winner today, you own 1% of Frito Lay.
Not me! Didn’t sell 1 share! Today is the day that puts it on a wider radar. Tomorrow and going forward people start taking a look. My thought is at .24 cents to sell 1/4 of my position and full recover my cost basis and then let everything else be house money and enjoy the ride. Thoughts on that strategy?