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Notice-Buying-Stops-Above-A-$0.01; Buy-In Going On ...
USMJ Trades like crazy at a penny, but stops at $0.0101.
Whoever's stock got cancelled is trying to buy back and doing darndest to hold PPS down (IMO).
If Genuine Buying Stars and PPS Increases, the cancelled shareholder is toast and will have to buy as much as fast as they can before it goes higher ... which of course will help it go higher.
Probable-Manipulation-Due-To-6M-Share-Cancellation-&-Buy-In; Temporary
Somebody has probably got to go buy 6 million shares in the market due to the 6m share cancellation announced today.
The announcement comes out and naysayer/bashers show up to the board in mass.
Coincidence ... I don't think so.
It's only 6 million shares. The culprit will buy them back and quit paying the naysayer/bashers.
Sorry it's only a temporary gig bashers. We'll miss you when you go.
MJMJ Announced-Similar-Share-Cancellation-Yesterday-& PPS-Doubled …
Looks Like USMJ Did Deal W/Blackbridge That Went Bad …
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10722611
And Thats Why We See The Court Ordered Share Cancellation Today.
Looks Like Blackbridge Also Made MJMJ Unhappy And Got Similar Cancellation Response …
http://www.otcmarkets.com/stock/MJMJ/news/The-Mary-Jane-Group-Inc--Announces-Conversion-and-Elimination-of-Toxic-Debt?id=107610&b=y
MJMJ is a lower priced security, but their stocked doubled on the cancellation news.
USMJ Shareholder-Base-Getting-Into-More-Hands-And-Building-Strength
Healthy Volume At A Steady Price After A Big PPS Increase Is Stock Getting Distributed Into More Hands.
The List Of MM’s On This Stock Has Doubled In The Last Week. The New MM’s Aren’t Just Watching. They’re Accumulating Shares.
USMJ PPS Long-Term UPTREND …
Thanks for posting buydontborrow!
USMJ Management Answers Questions …
Do tell jojo … don’t keep us in suspense.
USMJ STARBUCKS-OF-CANNABIS; PPS-OUTLOOK $0.11-$0.29 ..
Very Comprehensive DD Overview …
Good Work and Thanks Marketraider ...
USMJ Way-Undervalued: Should Be $0.11 At-Least …
You can’t explain away the market valuation of other Cannabis Sector Stocks.
The Average-Market-Capitalization of Cannabis Companies comparable to USMJ is $40 million.
USMJ is currently less than $1m.
The analysis here is pretty solid and well articulated:
http://dearmaryjanedoe.tumblr.com/post/121356589200/usmj-updated-comparable-market-sector-analyst-pps
50 Million-Shares-Of-Profit-Taking; See Trading-Vol & Avg-PPS ..
45 Million Shares have traded at an Avg PPS of $0.007.
Over the last 90 Days only 91 Million Shares have traded at an avg PPS of $0.0148 compared To the 54 Million Shares in the last 7 Days of trading at an avg PPS of $0.01593.
With 45 million shares at an Avg PPS of $0.007, we should expect to see some profit taking.
USMJ simply has not had much trading volume until last week. Now that it has meaningful trading volume, it's developing a base. Some people are taking profits. New MM's are moving in. The shares are getting distributed into more hands.
It takes a little patience to build a rocket ship. Relatively speaking, USMJ is building pretty fast.
$Vol Share Vol Wtd PPS
Last 90 Days $1,344,800 90,875,784 $0.01480
Zub 0 Portion $317,416 45,353,494 $0.00700
Since June 10 $857,764 53,840,150 $0.01593
USMJ Trading-$Vol-Passed-THCZ-Yesterday; MM's Getting In Position
The List Of MM's On This Stock Is Longer Than Yesterday W/New MM's Still Showing Up
I See A Dramatic PPS Climb Is Building
See USMJ vs THCZ Comparison: bit.ly/1GeWgMF
USMJ In Top-100-$Vo- On-OTC Ahead Of THCZ: USMJ #99; THCZ #107
USMJ ranked 99 in top trading volume in dollars out of all OTC Stocks to Include OTCQB and OTCBB.
USMJ Traded over $500,000 Today.
THCZ Traded under $500,000 Today.
USMJ Attracting Attention For Acquisition Announcement ...
We all know about the acquisition, but USMJ is trying to win attention of those that don't know yet.
This is the first press release ever dedicated to the destination beverage business.
Not only did the Company put it out through PRNewswire, but USMJ has also bought further media placement.
See Link: http://www.financialnewsmedia.com/profiles/usmj.html
I bet USMJ has more media placement than just the link above.
I think the Company is playing it smart. I bet this news attracts more investors today and has more eyes on for the pending acquisition announcement coming ... soon ... maybe next week???
USMJ Cannabis-Sector-Comparable-PPS-Analyst-Report Updated ...
http://dearmaryjanedoe.tumblr.com/
USMJ #22 On OTC-PPS-Gainers W/Most $Vol In Top-100 ...
#1 Yesterday On InvestorsHub Breakout Boards.
#22 On OTC Markets List Of Highest PPS Increases.
More $ Vol Than Any Other OTC Advancer In Top 100.
USMJ Grows-Hemp-And-MJ: USMJ Interviewed On NPR ...
Remember ... New Name In Cannabis Sector 18 Months In The Making
USMJ under former ticker and under American Seed & Oil Company subsidiary was actually interviewed on NPR for there hemp growing in Vermont:
http://bit.ly/1HRErsX
The Company has financing to build 12 MJ Grow Facilities:
http://www.americanseedandoil.com/news/12mmjgrowops
USMJ: New Name In Cannabis Sector 18-Months-In-The-Making
North American Cannabis Holdings, Inc. Launches New Website
A New Name In The Cannabis Market Sector 18 Months In The Making
DALLAS, June 11, 2015 /PRNewswire/ -- North American Cannabis Holdings, Inc. (OTC: USMJ) today announced the launch of a new website. The new website comes in conjunction with a recent corporate name change and corresponding new ticker symbol.
www.growusmj.com
North American Cannabis Holdings initiated operations in the emerging, legal U.S. cannabis sector eighteen months ago. Today, the Company's operational focus is founded on the core belief that cannabis makes people's lives better. Cannabis can fight disease, improve wellness and do so in an environmentally sustainable manner. North American Cannabis Holdings is dedicated to developing the best possible applications for cannabis to serve consumers.
Learn more about the Company's recently announced destination beverage company subsidiary on the new website:
AmeriCanna Cafe
North American Cannabis Holdings' original entry into the cannabis sector was through the 2013 launch of its American Seed & Oil Company subsidiary founded to conduct various pilots in the legal cannabis sector in order to explore a variety of high growth potential business opportunities. The Company will continue to develop existing and new pilot initiatives under the American Seed & Oil Company subsidiary.
Full Release: http://finance.yahoo.com/news/north-american-cannabis-holdings-inc-123000373.html
USMJ FULL DTC ELIGIBILITY
Many OTC stocks have problems with electronic clearing do to the evolving OTC environment.
USMJ is NOT one of those companies.
USMJ has full DTC Eligibility. No Chills; No Freezes; No Locks.
Well before the recent name change, USMJ cleaned up all DTC potential issues.
http://www.americanseedandoil.com/news/dtc
More USMJ News: Ecommerce Site Enhancement ...
USMJ's Online Sales Partner, Hippie Butter, Has Published News Highlighting USMJ Partnership And Announcing Updated Ecommerce Site:
http://bit.ly/1JMxclS
USMJ I/O 48 M According To Last RPT ...
Even if the company has issued more stock since the last report, I/O is still probably under 100 M, which is exceptionally low in the OTC market.
http://www.otcmarkets.com/financialReportViewer?symbol=USMJ&id=138938
DuBe Sales Started February: Available Online ...
DuBe Launch News:
http://finance.yahoo.com/news/american-seed-oil-company-introduces-125500984.html
Online Sales:
http://www.americanseedandoil.com/hemp-edibles/
USMJ LOI To Acquire Operating Health Beverage Cafe ...
BBDA looks like an interesting company, but I think its unlikely the USMJ announced acquisition target.
BBDA doesn't seem to have a operating 'Cafe' as mentioned in the USMJ news.
The USMJ news also mentions the acquisition target has 10 years of operations and BBDA has not been in the beverage business for 10 years.
Maybe we should call USMJ and suggest they look at BBDA?
USMJ: Debt-Reduction; Authorized-Reduction; Destination-Beverage ...
DJPB1984 ... I've been watching this company since early on in its move to the cannabis sector.
Regarding your beverage question - Company is much more than hemp energy. They have announced an LOI to acquire an existing health cafe in order to accelerate the introduction of a cannabis cafe. I think the destination - like a Starbucks - strategy differentiates them from the other beverage companies ... not to mention having much more than just another hemp energy drink.
See News:
http://finance.yahoo.com/news/algae-international-group-announces-loi-120000203.html
And New Company Website:
http://www.growusmj.com/americanna/
Regarding financials - Most recent financial report shows a $1.5 million net debt reduction on the balance sheet and a 1 billion authorized share reduction.
Compare this report to the previous to see debt reduction and scroll to the end of this report to see authorized reduction:
http://www.otcmarkets.com/financialReportViewer?symbol=USMJ&id=138938
I think this management team is taking their time and doing it right by piloting various cannabis sector businesses first before concentrating on any one business.
Management Team Leadership (Note DEA Experience - Particularly Valuable In This Sector):
http://www.americanseedandoil.com/management
TDAmeritrade-Still-Shows-ALGA: USMJ Changes Will Take Time ...
My TD Account Still Shows ALGA. It will probably take a few days for all the brokers to make the change from ALGA to USMJ.
New Name: NORTH AMERICAN CANNABIS HOLDINGS ...
check out the FINRA daily list: http://otce.finra.org/DLSymbolNameChanges
The new symbol is USMJ ...
ALGA Ticker Changed to USMJ ...
Checking out the FINRA Daily List of Symbol Changes
http://otce.finra.org/DLSymbolNameChanges
Company's Name Now NORTH AMERICAN CANNABIS HOLDINGS
Quiet Pending Name & Ticker Change ...
ALGA has announced a name change a ticker change. Such a change requires regulatory review and approval. I imagine ALGA's silence is in conjunction with a laying-low strategy until the name change and ticker change is approved.
Tremendous-PPS-Potential Pending Story & Exposure - Read Here
The numbers below represent the ALGA challenge.
Laid out below is a comparison of ALGA to THCZ (See Below).
You will see Total Volume of shares and dollars for the last 60 days and the 60 days preceding the last 60 days. Accordingly, you will see the Average PPS and the Average daily trading volume in dollars.
THCZ had plenty of sub-zero trading volume in the pervious 60 day period.
If you look at THCZ's public filings, you will see they had a negligible balance sheet and a negligible pnl. In fact, they still have a negligible balance sheet and pnl. You will also see THCZ has a much higher issued and outstanding and over the last year has issued much more stock than ALGA.
THCZ went from 200,000,000 I/O to 350,000,000 I/O.
ALGA is in the 50,000,000 I/O range.
I believe the conclusion to be drawn here is that ALGA needs a dramatic increase in daily trading volume.
An increase in trading volume requires a compelling business story and exposure of that story.
THCZ's beverage story seems to be compelling. The meat - actual distribution agreements - not actual distribution - came in late February. Hence the increase in trading volume and PPS.
ALGA's American Seed & Oil incubation story has not been as compelling - though I believe it has been a good business development model.
Now ALGA is on the verge of launching it's own beverage story. A story that is differentiated from THCZ because it is a 'destination' beverage model - like a Starbuck's beverage model.
ALGA has announced a pending name and ticker symbol change and an LOI to acquire a destination beverage business it plans to use as a foundation for building a cannabis beverage destination business around ... to include cannabis infused coffee and cold pressed juices.
ALGA looks like its going to announce a name change within days and the acquisition shortly thereafter.
ALGA can't do much more to deliver a better and more compelling story.
I bet ALGA is building an equally strategic plan to get the necessary exposure.
THCZ
Last 60 Days (March Through Present)
Total Shares Total $ Avg PPS Daily Vol $
374,703,944 $7,226,141 $0.02 $120,436
Previous 60 Days (December Through February)
Total Shares Total $ Avg PPS Daily Vol $
925,562,452 $143,190,181 $0.15 $2,386,503
ALGA
Last 60 Days (March Through Present)
Total Shares Total $ Avg PPS Daily Vol $
3,915,288 $643,511 $0.16 $10,725
Previous 60 Days (March Through Present)
Total Shares Total $ Avg PPS Daily Vol $
74,516,164 $1,326,537 $0.02 $22,109
Great Financial Report: Debt Reduction; Share Reduction ...
Pending Name Change To North American Cannabis Holdings
Authorized Shares Reduced By 1B Shares
Debt Reduced By $1.5M
Link To Report:http://bit.ly/1Kp7yoJ
Compare Balance Sheet To Previous QTR
Scroll to very end of report for name change and share reduction
Nice ALGA Coverage - CNBC & CNN ...
http://www.cnbc.com/id/102694341
http://money.cnn.com/news/newsfeeds/articles/prnewswire/enUK201505208486.htm
ALGA LOI To Acquire Beverage Company ...
Just Got This In Email From The Company.
Destination Nutritional Beverage Company W/10 Yr Operating History.
Algae International Group Announces LOI to Acquire Nutritional Beverage Destination Company With Plan to Introduce Cannabis Beverage Café Franchise
Target Acquisition Is Fitness Nutrition Industry Leader With 10 Year Beverage Store Front Operating History
PR Newswire
Algae International Group, Inc.47 minutes ago
See Full Release: http://finance.yahoo.com/news/algae-international-group-announces-loi-120000203.html
See THCZ-vs-ALGA; THCZ Was-Subpenny-In-Jan; Now Look ...
See Side By Side Comparison of ALGA to THCZ ... Issued and Out; PPS; Trading Vol.
ALGA seems to be a better platform than ALGA ... Just a step or two behind in execution.
Follow this link and scroll down to see THCZ comparison and PPS outlook:
http://dearmaryjanedoe.tumblr.com/
Dilution-Not-Explanation; THCZ Issued 164,000,000 Shares In-6-Months...
THCZ Traded @ Sub Penny PPS in January 2015.
THCZ Increased I/0 From 200,000,000 to 364,000,000 In Last 6 Months
In February, THCZ Signed a Distribution Agreement For Their Rocky Mountain High And The Stock Launched On Fire Going From Under 1 Million Per Day Avg Trading Vol to Over 20 Million Per Day.
Summary:
1. THCZ Had Way More I/O To Begin With
2. THCZ Issued Way More Stock Than We've Seen ALGA Issue
3. THCZ's Pre February I/O was about what ALGA's is Now
4. THCZ's Trading Volume Increased 20X
It's not dilution. It's market awareness. Awareness will come with 1) Time and Continuous PR's and 2) Striking the Right Cord with The Market.
W/Substantially Less I/O Than THCZ, A 20X Increase in Trading Volume Will Take ALGA Much Higher Than THCZ.
BIG Blocks On Bid!!!! ...
There is plenty of low priced buying power here. Interesting. Almost like somebody knows something.
POOBEAR Could-Have-Point; MrktMaker Shorting; Goodnews Longterm ...
The list of MM's on level 2 is increasing. MM's are not confined by REG SHO. They can hold short positions longer in the name of "making a market." With the stock going up yesterday, it gives MM's opportunity to short today and accumulate shares at a lower price level with the proceeds from selling at a higher price level.
I still think there may be an old operation guy selling, but the MM issue could be adding to it.
Either way, the float is tight; The I/O is small and this has now where to go but up.
$ALGA Up 53% On-High-Vol; Picked-Up on Stock-Haven ...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113031969
Nice-Buying-This-Morning After Going Sideways w/Vol Yesterday ...
ALGA clearly had a paid media blitz yesterday. Unfortunately, the buying interested generated by the media blitz was overwhelmed by liquidators. As I've mentioned in previous posts, it looks like to me that ALGA has some old shareholders probably from previous operations - Africa and Algae - that are showing no interest in the new business and getting out. Good news! The issued and out is so small that what ever selling pressure they apply here is very recoverable. Today's trading is on the buy side for the most part today. Maybe we saw the last of the liquidation yesterday.
$0.05 PPS No Problem; $0.50 Well Within Reach
The I/O is only 50M. With Comparable Marijuana Stocks Having An Average Mrkt Cap Of $50m, ALGA could be a $1.00 PPS at the existing I/O and be $0.50 even if the I/O doubled.
There appears to be a sloppy careless seller. Given the abandon the seller has for smacking bids, I'm guessing this seller is from one of the public companies former business operations - Africa or Algae - and that the seller is 1)desperate for money or 2) fed up with being on a second or third business operation.
We probably have to watch the trading wade through what ever amount of stock the seller has. Until he's gone, new buyers might be nervous as to what kind of damage a careless seller can do.
I'm not worried. The I/O is so small compared to your average OTC company, particularly in the MJ space, ALGA has got plenty of staying power and price rebound potential.
Pulling Back The Bow String To Launch Skyward ...
THCZ is a good example Drakon ...
ALGA is only 50m I/O and THCZ is 350m I/O.
ALGA has to old failed operations - Africa and Algae.
My Guess is the New Business is Shaking Out Converted Debt From Africa and Algae Operations.
Even if the I/O doubled, it would still be way less than THCZ, MJNH, HEMP and Other MJ Stocks.
Good News: Awareness is Increasing. Now that ALGA is on the Hot MJ Stock Watchers List, would be buyers want to watch and gain confidence that a boat load of shares are not going to get issued.
My money is on this not being a blow out the shares game. The ALGA team has been working way too long on this for it to be a game. Heck, that actually planted and grew hemp last year with out the Company being DTC eligible. They didn't even apply for DTC Eligibility until December. I think the ALGA team is the real mccoy and I think the market will continue to become aware and confident and that the PPS will react accordingly ... an arrow into the sky.
When was last time ALGA updated Info on IJJP?
ALGA has multiple PR's on Dube, Hippie Butter, Epivape, Hempster, but only the original PR with IJJP. ALGA wasn't on the second PR put out by IJJP. That should tell you something.
Having said that, I'm a moderator here. You have to stop personal attacks. You can't keep calling POPE names. You may not like the Company's performance - fine. But you can't assert POPE as a criminal or even insult his integrity.
Most small businesses fail w/in 3 to 5 years. That's a statistic. God bless the management teams that try. As investors we can make money even on the ones that don't survive. And the economy needs them to keep trying and try again on the next one and the next one.
Maybe IJJP's not going to make it. Try to give POPE the benefit of the doubt. Maybe he didn't do something you would have done in his shoes. But he is the guy in charge and he had to make decisions.
Again, disagree with what he did. But don't assume and assert he is a criminal or a scam artist. Personal attacks are not worth while and won't be tolerated here.