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90-95% of pot/cannabis OTC stocks have been tanking for months. Things like revenues, uplisting, expansions, etc have not made 90-95% of stocks gain and hold gains. Nothing wrong with most of these companies, it's the market and sector overall that is suffering.
Ronnda was just a sales person, she hit up easy targets to carry Apple Rush - car washes, liquor stores and other small "mom and pops" stores. The revenue those accounts will generate over time is very small, maybe double or triple what they were paying her, who knows, but a couple hundred thousand dollars is SMALL. Those who think she was so important or crucial to the company is wrong. There are many great sales people out there, some of whom can be way better than Ronnda that can land larger accounts. Maybe Leonard Marshall will do something big for the company. Or maybe Tony will land something big. Without something that means Apple Rush will be making millions of dollars more per year, the share price will not sustain multi-pennies unless there is another major catalyst. With the market the way it is, I don't even know if the share structure update will help the share price very much.
I'm not talking about a day's drop in price, dilution happens over time, it's the increase in share count and forces stock price to plummet when it occurs. I'm talking about the difference between .017 and .20 which was recently a bottom price for this stock. If dilution is in fact an issue, this can continue going lower to sub-penny, which is why I'm asking.
.017! Is dilution happening or is this just going down by itself?
Why do you guys think Tony is tweeting a new tweet for every new location? I don't think it's to actually get people who follow their twitter to actually drive to that location to say hi, take a sample and buy a 6-pack of juice, do you? If there is a big deal in the works, I think it has something to do with that. My thoughts are simply to be transparent to anyone and everyone that is interested in Apple Rush, basically tweeting the locations for the record. One can see they have a great product just because of how easy it is to get the drinks in new locations. There must be a big deal in the works, because the product actually is good and it's only a matter of time before a large company wants it. Only a matter of time and that time can be very short. I heard Tony wants his share price to be .10 this year, and I believe he will PR when things are finalized, as he has said before he doesn't want to announce anything that isn't for sure. He will make big things happen and make everything come together at once to drive attention to his stock. He might be trying to make the fins, big deal, and new locations in a set of PR's drive the volume, so that might be this month.
Other thoughts of mine: The cans were produced, so either they were sold or are in storage being saved for something big. Either way they will get sold and we will find out where they went or will be going.
The cbd/hemp/mj sector of stocks, including 90-95% of OTC market stocks has been bad, down most days since January. The few up days this year so far have been very small. All of the good companies are affected by the market as a whole, and have seen large declines in prices, I know because I watch about 115 of them and daytrade 20-30. Apple Rush's low volume and price decline is nothing out of the ordinary when comparing to the rest of the market. Most of the gains seen this year are on excitement or hype, and with low volume bringing down stocks, high volume going into a stock makes huge gains in 1-2 days. I know this is going to happen to APRU because the price is still low and may go lower. Stocks go down then they go up, unless the company dilutes their shares which is not the case here. So either when we get exciting news, such as a large deal that will come as a surprise, or the sector sees better days and market makers start to buy, we will probably not see any gains... this play is about timing.
x100xPercent
Looks like you only sold 200k shares. Was that your entire position?
Most stocks on my list are taking a beating today, to me, this explains the large ask. Likely to see some bid whacking in these conditions, get ready for that ask being lowered.
Today's news wasn't really great news, it was just some minor information that wouldn't affect the price. However, I've been watching this stock along with nearly a hundred others, and have been trading my money in other stocks until the last couple days. The sector is very stable with many good companies at low prices right now. It's very hard to choose where to put one's money when there's so many low prices to choose from. Lately, exciting news has been creating rallies, and I believe SGMD's time is coming soon so now I have a healthy position (again, not because of today's news). I don't know if it will dip back down to low 4's again so I'm getting in early and if the price rises for no reason I'll start trading it here. I believe as soon as they prove revenue recognition and get their 30 mil + revenues on paper this will fly, but until then I'm hoping for a nice trading range between .04 and .10.
Investors.... or a hitman
Bid down day for pot stocks, but APRU wasn't dumped
Today was a pretty big down day for most pot stocks. I had a feeling MM's would dump GRCU just as they were dumping other good companies. Excited I got .0024 fill at last second before market close. Monday probably won't be another dump day, if so we will be back over .003
True, things are going fine with the company, but the market/sector in general is still low volume and the APRU stock still low volume. It makes sense to go up, but market makers will maintain control here and they can easily push it down to 004's if they want with this low liquidity. I mean look at the daily spread, always over 10% spread, doesn't take much to move the price.
News isn't necessarily overdue. There just isn't any news for which to put out a press release. It could be weeks/months before something big happens that's worth putting out a PR, and even when news is out it may not be exciting enough to move the price up and maintain that price.
What I believe will be good for the stock price, other than distribution news on a larger scale than local stores, is an official share structure update that shows on OTCmarkets.com. Currently it's still showing 50 billion A/S and over 30 million market cap. Most know this is outdated, and the ones who don't know is even worse. Also, most know that Tony is against dilution and toxic funding, but that needs to show in the financials, along with the share structure. Currently there's just a lot of uncertainty with the current state of the stock which is why I think the volume is so low. But the fact is they have a great product that is spreading rapidly, there's no way it won't eventually pop even if temporary and that's why I'm accumulating as low as it'll go until it happens.
I still think odds are in my favor for getting 006-007's without major news.
Please stop increasing the bid, I never got my 0061's and only partial fill of 0065's the other day.
Market makers bring down prices of good stocks to control the price during times of low volume. This is normal. Nobody can make money without buying low. It's not going down from impatient investors, although some investors will sell assuming there's some sort of problem. When the market makers decide it's time for an upward fluctuation, they will bring the price up and then bring it back down if volume drops. IF the catalyst is strong enough, the buying will be too great and the price will be able to go higher than their control.
This stock is behaving normal for the amount of news and current market conditions. It will pop over .01 with exciting news, or much higher with very exciting news that points to millions in revenue. Getting the product sold in local grocery chains isn't that exciting even though it's very good. No dilution is HUGE and the price will bottom out around here, very soon if it hasn't already, and will continue to be a normal stock and fluctuate upward.
This price drop is exciting. I knew it would drop even though I'm a "long" and bullish, because the market is low volume and many good companies' stock prices have been dropping. I'm anticipating 005's or 006's to be the bottom before a big jump. The lower it goes the bigger gains there will be from the bottom price, whatever that is.
I don't think Amazon helps much with sales, I've seen many companies put up their products on Amazon and hardly sell any, it sounds better than it is. Also being a follower of over 100 cannabis/hemp stocks, when they put news of their products launching on Amazon, it never affects the share price in a positive way.
I think Tony is thinking bigger distribution so that he can do production runs of the cans on a larger scale.
Been trading and following over 100 penny stocks for over 2 years now, and for the first time just found out what it looks like when a stock sells out of shares at .0001. Some very terrible stocks that are major scams I've seen drop to 0002 temporarily and stay 0002-0004 for a very long time, but never seen bid and ask both at 0001, didn't know that was possible!
Usually when a stock rebounds there is little or no sign of it.
The sector is bringing down this stock - low volume = volatility, market makers can push stocks any way they want. During low volume they like to push stocks lower so that when the time is right they can pump them up and make big $.
Yes I think he means how to get away with massive dilution. Looks like XREG is having trouble, based on the fact it has a stop sign and half million market cap, they are probably in desperate need of funding and want to consult with the master diluter.
rmn is correct about the sector, and that many great stocks's charts look very similar due to the sector. There is low volume across the board and only a low number of stocks have been running each week. Right now timing is very important with these stocks if you are not just investing for the long term. I'm a trader and I learned to be diversified and trade according to what the market is doing. Currently I'm looking only for stocks that are either very cheap compared to the past 6-12 months or stocks that have gained a lot of attention from exciting news. Without excitement mj and hemp stocks are not running more than 10-30%.
I don't see anything wrong with SGMD except for the consistent delays on everything. I don't doubt the excitement is coming, but I'm done predicting when that is. I'll play the smaller fluctuations until something exciting actually drops.
x100xPercent
I took a starter here, will continue to add if .05's continue to hold.
Out of that 1.2 billion dumped at .0001 yesterday, it seems only a fraction or maybe even none of it is for sale at .0002
Anyone know why someone or some entity would sell 1 billion shares at 0001? I don't understand who could have had that many shares to sell and why they would sell at 0001?
Wow 200m dumped and another 200m stacked on ask all in under 2 minutes
I got 1/3 of my shares back at 0092, I will double my position every .001 it goes down
Sounds like someone is trying to get more people to sell after seeing their account down another 25% all day.... 100% of everyone who owns this stock is down another 25% today when they spend that $3.00
Sorry had to dump 600,000 today, REALLY didn't want to. I'll pick them back up in the next few days, more shares if lower price than .01.
Below .01 is called sub-penny. Trips is 90% lower than .01
My thoughts are still no real revenue from Bizrite recognized, so I sold all my shares at .062 for a small profit from .06 and now I don't have to think about it
Yea really! I guess when issuing convertible notes at .0001 with no conversion restrictions, the noteholder could just convert it the next day for 100% minimum returns. Geez, can I buy a convertible note with no restrictions, please? How can I do that?
Picked up a starter today, half the shares I used to have at half the price. Looking forward to delayed fins or other disappointments to bring us down to .05. With good news or fins I'll load up the ask the day of.
With so many shareholders down so much $, seems like someone would find Ballas and hold him hostage or for ransom or somethihg. Someone should do a ransom for 95% of his own money which is about exactly what he deserves, and make him disclose the details of everything, or else. I hope someone does this.
1.5 billion on the bid at 0001. Seems like a lot? So did the 750 million on the bid at 0002. Same dollar amount!
Compare:
UBQU :
Market Cap 1m-1.5m (.0002-.0003)
4.9b O/S
10b A/S
Has excellent CBD products anyone can buy at any time and now has around $1 million quarterly revenues
APRU :
Market Cap 53m
4.9b O/S
50b A/S
Has no CBD product yet, only juices sold in local store chains on the east coast, CBD beverage in development.
The huge difference is one does lots of toxic lending the other does none.
Where do you see last quarter revenues of 50k?
The company is fine and will be fine. It's the shareholders that have been and are being destroyed
Also I forgot to ask about the billions of shares that Livewire owns that are being "returned". I don't understand how those shares equal over 14 billion but the O/S is less than 5 billion? Shouldn't they be displayed under restricted shares? Help!
I'm a little confused about something, can someone with knowledge about this tell me what you think and why? On OTC markets, the O/S shows 4.83 billion, but the date next to the O/S is 03/2014. They are pink current so why isn't this date more recent? What is the most recent update from management regarding the current O/S? The market cap is 54 million at current price based on that O/S, is it likely to be higher or lower than 4.8b? Thanks for any solid info you can provide!