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LOL!! Good point!
Remember what LIEb tweeted on 15 May?
Quote:
"We don’t have a guaranteed timing. The issue is not something that will take long for the auditor to sort through once they receive the added information in the correct format and file type.
Could be as little as a few hours or a few days, we are all focused on it."
Is 20 "a few days"?
Cigawatt is a chip off the old LIEb.
DAY 20 of the missed hyped and pumped 15 May RM and hard close.
Looks like a long summer for the cult of LIEb as they wait for their prophet (aka Rackets Investigator Brian ConWay) to deliver a "deal". Of course in the past it was failed deal after failed deal after failed deal. But this time it's a done deal!!
Simply delayed due to a audit you see.
Auditing 2 tiny stores in 2 small towns in the mid west is a major undertaking I guess. Still counting the fidget spinners maybe?
Perhaps Rackets Investigator ConWay should send his crack undercover team in after store hours and count those fidget spinners for the incompetent auditors.....
Cigawatt has NO nicotine products, then has "some" nicotine products, all on the same day.
Cigawatt is a private company owned by Squires, yet also a public company already under LIEb, all in one day.
Cigawatt will RS 2000 to one, yet not RS, all in 2 days time.
Conway is CEO of LIEb, yet no longer CEO of LIEb, all on the same day.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149156146&txt2find=RS
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149040033
Some say LIEb is a cult.
LIEb becomes more bizarre by the day.
Day 19 of the missed May 15 RM and close date.
Thursday dollar volume was $105
Friday dollar volume was $0.0
Todays dollar volume was $142
Investors and gamblers are trapped here with no way out. The bids are at .0001.
Some people claim that LIEb is a cult.
Constantly Unrelenting Losing Trades? Washed down with Kool-Aide perhaps.
Look again. I found them in 2 minutes on the on line store. The FDA even officially warned them about selling it to minors! DD is important.
The claim was that Cigawatt had no nicotine products. That has been proven false.
They were even WARNED by the FDA for selling nicotine products to children!!
Day 19 of the long pumped and hyped 15 May RM and hard close. Very reminiscent of Peppermint Jack.
Empty shell for 5 years now. Failed deal after failed deal after failed deal.
Some say LIEb is a cult.
The falsehood that Cigawatt has no nicotine products was corrected. Then the tangents started.....
I recommend doing neither.
So you retract your claim that Cigawatt has zero nicotine. Good. Reality.
My standard for stocks is pretty simple.
Never buy a empty shell with zero products and zero revenue based only on hope and insane ridiculous "deals".
And certainly never keep such a scam stock for year after year and failed deal after failed deal after failed deal.
Here's what happens to investors who buy empty shells based on hoax and hope:
Average .02? 99% loss
Average .01? 98% loss.
Average .005? 96% loss.
Average .002 to .0002? 89.99 percent loss
Average .0008? 75% loss.
Average .0005? 60% loss.
How about .0004 average? 50% loss.
LIBE is bouncing between .0001 and .0002. 19 days now since the hyped RM date of 15 May. Zero shares traded on Friday. $105 in trades on Thursday.
3 mg:
http://www.cigawatt.com/store/ballistic/72c279b5-22c7-47aa-b086-12b698fcbc76?category=all
http://www.cigawatt.com/store/baku/2ec51d94-9d79-4dac-a3d9-a689189d017b?category=all
First 2 I looked at. I have no intention of looking at all the products they sell.
Point PROVEN.
If they sell the derivatives then they obviously endorse it.
Sales to Minors Violation
FDA’s investigation of the website http://www.cigawatt.com
External Link Disclaimer
revealed that you sold an e-liquid product to a minor. Specifically, during our investigation of http://www.cigawatt.com
External Link Disclaimer
, a person younger than 18 years of age purchased Vaporlush Fog Sauce 10 Cent e-liquid from your website.
No retailer may sell covered tobacco products, including e-liquid, cigar, pipe tobacco, waterpipe tobacco, and dissolvable tobacco products, as well as electronic nicotine delivery system (ENDS) products that contain any tobacco derivative, to a person younger than 18 years of age under 21 C.F.R. § 1140.14(b). Under 21 C.F.R. § 1140.3, a “covered tobacco product” is defined as any tobacco product deemed to be subject to chapter IX of the FD&C Act by 21 C.F.R. § 1100.2, excluding components or parts not made or derived from tobacco. Before 21 C.F.R. § 1100.2 became effective, only cigarettes, smokeless tobacco, roll-your-own tobacco, and cigarette tobacco were subject to chapter IX of the FD&C Act. 21 C.F.R. § 1100.2 deems all other tobacco products, except accessories of such tobacco products, subject to chapter IX and its implementing regulations. The product cited in this violation is a “covered tobacco product.” Under section 903(a)(7)(B) of the FD&C Act (21 U.S.C. § 387c(a)(7)(B)), tobacco products are misbranded if sold or distributed in violation of regulations prescribed under section 906(d) of the FD&C Act, including those within 21 C.F.R. Part 1140. Because this product is sold or distributed to persons younger than 18 years of age in violation of 21 C.F.R. § 1140.14(b), this product is misbranded under section 903(a)(7)(B) of the FD&C Act (21 U.S.C. § 387c(a)(7)(B)).
https://www.fda.gov/inspections-compliance-enforcement-and-criminal-investigations/warning-letters/cigawatt-llc-546330-02092018
What are Cigawatt’s basic fundamentals?
-- Store number one: Blue Springs MO population 54,431 (2016).
-- Store number two: Warrensburg MO population 20,251 (2016).
-- Small on line store: http://www.cigawatt.com/online-store
-- And upon RM (***IF*** it actually ever occurs): three billion plus shares outstanding.
-- Unknown gross and net income for the 2 stores and online sales.
Will there be a run **if** we get a hard close and RM? Very likely yes, a short term and somewhat limited run will occur based on the hype of RM.
Will the short term run leave lasting PPS gains? Extremely unlikely.
Why?
-- See the footprint of Cigawatt at top.
-- Consider 3 billion plus shares outstanding, and adding salaries for new company officers.
-- Longs have been trapped with large percentage losses for a very long time and will dump to recover losses during any run.
-- Short term speculators will dump during any run to lock in the gains.
-- Shorts and longs dumping will flood the market with shares, possibly hundreds of millions of shares - and thus PPS will plummet back down to match reality of the Cigawatt footprint.
Results?
-- Short term speculators will make money, if they sell early in any run.
-- Long term longs will regain some of their losses – and a few longs possibly may actually have a overall profit if they sell before the run collapses.
-- Anyone who holds too long, or buys during the run-up will become trapped and unable to sell with a break even - IMHO.
-- CWAT will remain a sub penny play for months, and more likely for YEARS to come - IMHO.
It’s the OTC, a tiny vaping company, and a sub penny triple zero stock. Expectations for massive long term gains do not match the reality of the situation.
My thoughts are opinions and no one should quote my thoughts without including this disclaimer (like that is some legal requirement, eh?)
Tobacco and nicotine are extremely bad for health. And Cigawatt chose to push it onto children.
DAY 19 of the missed long hyped and pumped 15 May hard close and RM.
Is this delay REALLY to complete a audit of two tiny vape shops in two small mid west towns? How inept the management and book keeping must be for it to take this long.
Cigawatt is a chip off the old LIEb. Inept, incompetent and missed deadlines.
Here in 2019 LIEb is bouncing between .0001 and .0002.
Friday volume was ZERO. Thursday volume was $105. Day 18 past the long hyped and pumped hard close and RM.
2018 is over. How can one make 100% profit in 2018 now?
All I see is a bunch of cherry picked and blacked out "data".
I don't buy LIEb. It is just a cult following.
LIEb certainly has
Look at all the losses since 2017.
And anyone using a 20 percent stop loss would have sold ALL shares HUNDREDS of times since 2017. In fact, in just the last 10 trading days, a 20 percent stop loss would have been triggered many times with the .0001s.
I don't buy it. I mean LIEb of course. Don't buy LIEb.
Hard to make 100 percent profit in 24 hours when trades are zero. Hard to make 100 percent profit in 24 hours when trades are $105 total on a trading day.
Meanwhile the paper losses of longs are truly horrendous.
***IF*** pps manages to reach .0004, longs can recover a portion of the losses they have experienced. "Recovery" is a better word than "profit".
Average .02? 99% loss
Average .01? 98% loss.
Average .005? 96% loss.
Average .002 to .0002? 89.99 percent loss
Average .0008? 75% loss.
Average .0005? 60% loss.
How about .0004 average? 50% loss.
LIBE is bouncing between .0001 and .0002. 18 days now since the hyped RM date of 15 May. Zero shares traded on Friday. $105 in trades on Thursday.
Thursday, 05/30/19 11:52:34 PM
Many longs have a high average. Thus "recovery" is a better word than "profit".
Average .02? 99% loss
Average .01? 98% loss.
Average .005? 96% loss.
Average .002 to .0002? 89.99 percent loss
Average .0008? 75% loss.
Average .0005? 60% loss.
How about .0004 average? 50% loss.
LIBE is bouncing between .0001 and .0002. 18 days now since the hyped RM date of 15 May. Zero shares traded on Friday. $105 in trades on Thursday.
Many longs would love to be in the same boat with you. Consider other PPS averages with tens of millions of shares in the accounts.
From .02? 99% loss
From .01? 98% loss.
From .005? 96% loss.
From .002 to .0002? 89.99 percent loss
From .0008? 75% loss.
From .0005? 60% loss.
How about .0004 average? 50% loss.
LIBE is bouncing between .0001 and .0002. 17 days now since the hyped RM date of 15 May. Zero shares traded on Friday. $105 in trades on Thursday.
Whales? At .0001???? LOL!!!!!!
Must be a
Bids? Not .at .0003. Not at .0002. All those bids - at .0001.
Zero shares traded on Friday. $105 traded on Thursday.
Thursday, 05/30/19 11:52:34 PM