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Toxic financiers are licking their chops waiting for HMNY's arrival to the otc pinks.
I see where you guys got the $2500 from. IMO, someone was ripping those people off big time. $2500 for an ACRE!!?? LMAO!
In comparison, a pound of mj cost $3000. That's according to the website linked below which I'm basing off of the lowest price per ounce of $186 in Oregon. $186 per ounce x 16 ounces (1 pound) = $2976
I'm no expert, but I'm pretty sure hemp has more uses than marijuana, therefore should be more expensive.
https://honestmarijuana.com/what-does-weed-cost/
According to a Kentucky farmer, 1 acre of hemp equates to $30,000. Where are you guys getting $2500?
"Brownlow’s fields followed the progression of tobacco to soy to hemp. He says an acre of soybeans he could only get him $500 today, but an acre of hemp—dense with flowers rich in CBD—could yield as much as $30,000."
https://qz.com/1483381/the-2018-farm-bill-could-make-hemp-the-next-tobacco/
It's America's turn now. Farm Bill passed. Hemp/CBD is going to explode. If it's true that Hempistry has 23,000 acres at its disposal, that makes Canada's top producer Canopy look like peanuts. Canopy is projected to have roughly 5 million square feet of grow space.
23,000 acres equals over 1 billion sq ft.
1 acre equals 43560 sq ft.
23,000 x 43560 = 1,001,880,000 sq ft
Great!!!
Goes to the House next, then Trump.
https://www.washingtonpost.com/business/2018/12/11/congresss-billion-farm-bill-is-out-heres-whats-it/?noredirect=on&utm_term=.aed689605217
Based on HMNY being delisted to the OTC Pinks by the end of December, .009 seems about right.
Whomever updated HMNY's INTRO page should have also mentioned...
TED AND HMNY ARE BEING SUED BY 3 DIFFERENT SHAREHOLDERS
NEW YORK'S ATTORNEY GENERAL IS CURRENTLY INVESTIGATING TED AND HMNY FOR FRAUD
HMNY HAS UNTIL DECEMBER 18TH TO BE IN COMPLIANCE WITH NASDAQ'S LISTING RULES OR THEY WILL BE DELISTED IF NASDAQ CHOOSES NOT TO GIVE THEM AN EXTENSION. AND IF THEY ARE GRANTED AN EXTENSION, THERE WILL BE A VOTE FOR ANOTHER REVERSE SPLIT
MOVIEPASS HAS SEEN A SIGNIFICANT DECLINE IN SUBSCRIBERS DUE TO THE RIP OFF THAT MOVIEPASS/HMNY/TED ARE
MOVIEPASS/HMNY ARE LOSING 10'S OF MILLIONS OF DOLLARS EVERY QUARTER AND ARE SOLELY RELYING OF UNSUSPECTING INVESTORS TO FOOT THE BILL/LOSSES
Call it whatever you want to call it. Once this farm bill passes, the institutional investors will be lining up. Retail is but a grain of sand on this beach.
According to a Kentucky farmer, 1 acre of hemp equates to $30,000.
https://qz.com/1483381/the-2018-farm-bill-could-make-hemp-the-next-tobacco/
If the 23,000 acres is for real, Sugarmade and Hempistry stands to reap $690,000,000 per harvest.
Good luck to everyone invested here.
With 3.4 billion shares reserved until the next reverse split.
Whomever updated HMNY's INTRO page should have also mentioned...
TED AND HMNY ARE BEING SUED BY 3 DIFFERENT SHAREHOLDERS
NEW YORK'S ATTORNEY GENERAL IS CURRENTLY INVESTIGATING TED AND HMNY FOR FRAUD
HMNY HAS UNTIL DECEMBER 18TH TO BE IN COMPLIANCE WITH NASDAQ'S LISTING RULES OR THEY WILL BE DELISTED IF NASDAQ CHOOSES NOT TO GIVE THEM AN EXTENSION. AND IF THEY ARE GRANTED AN EXTENSION, THERE WILL BE A VOTE FOR ANOTHER REVERSE SPLIT
MOVIEPASS HAS SEEN A SIGNIFICANT DECLINE IN SUBSCRIBERS DUE TO THE RIP OFF THAT MOVIEPASS/HMNY/TED ARE
MOVIEPASS/HMNY ARE LOSING 10'S OF MILLIONS OF DOLLARS EVERY QUARTER AND ARE SOLELY RELYING OF UNSUSPECTING INVESTORS TO FOOT THE BILL/LOSSES
December 18th will be here before we know it. Look for a decision by Nasdaq on the 19th. It's unfortunate, but a lot of people buying now, based on falsely hyped up posts by you know who (name rhymes with "who") will get burnt.
I'll post this message once per day until HMNY is delisted, Ted gets indicted, and/or this POS goes under.
Unless one of the mod's stickies my post :)
Whomever updated HMNY's INTRO page should have also mentioned...
TED AND HMNY ARE BEING SUED BY 3 DIFFERENT SHAREHOLDERS
NEW YORK'S ATTORNEY GENERAL IS CURRENTLY INVESTIGATING TED AND HMNY FOR FRAUD
HMNY HAS UNTIL DECEMBER 18TH TO BE IN COMPLIANCE WITH NASDAQ'S LISTING RULES OR THEY WILL BE DELISTED IF NASDAQ CHOOSES NOT TO GIVE THEM AN EXTENSION. AND IF THEY ARE GRANTED AN EXTENSION, THERE WILL BE A VOTE FOR ANOTHER REVERSE SPLIT
MOVIEPASS HAS SEEN A SIGNIFICANT DECLINE IN SUBSCRIBERS DUE TO THE RIP OFF THAT MOVIEPASS/HMNY/TED ARE
MOVIEPASS/HMNY ARE LOSING 10'S OF MILLIONS OF DOLLARS EVERY QUARTER AND ARE SOLELY RELYING OF UNSUSPECTING INVESTORS TO FOOT THE BILL/LOSSES
First was Constellation, now Altria, all we need now is big pharma. Hopefully a big pharmaceutical throws some cash at Emerald...they too are part of the top ten producers.
https://www.investopedia.com/investing/10-canadian-marijuana-stocks/
I see premarket has sucked in some newbs. It's obvious they don't have a lot of subs and are in desperation mode.
Pay more to see the same amount of movies...lol
Good luck getting people to come back...but I guess they can use their old tactic and just sign up everyone who canceled without his/her permission.
Shut this POS down...the sooner the better.
Good news does this sector no good. I've seen mj companies release all sort of good news and the stock and sector still continues to drop. Market Makers are in total control of the sector.
Huge News!!!
"Emerald Joint Venture Receives Licenses from Health Canada to Sell Proprietary Products Supporting the Endocannabinoid System..."
https://ih.advfn.com/p.php?pid=nmona&article=78814778
Look at all the trademark names...(I like them!)
"The products include Endo SleepTM, Endo InflameTM, Endo BrainTM, Endo BlissTM, and Endo CalmTM"
If the Farm Bill passes, our joint venture with San Diego based EHB should be beneficial.
WOW! That news did absolutely nothing!!!
All they did was promote someone to a new position. The guy already works at the company.
They could have saved that news as it really was NOTHING, other than to try and add a penny to the pps. Which didn't work. NY AG is going to shut this POS down.
The only question is what will come first...a delisting or an indictment?
Nasdaq will start the delisting process tomorrow.
Both foreign entities. Probably don't want to be bothered with the SEC filing requirements.
I should have said American companies.
Per last Q..."significant decline" in subscribers.
"Significant" is the key word.
Yeah, you're right. Just like...
"Discover and enjoy the latest movies at your local theater"
That's purely BS.
False advertisement. Either that or no one works in IT to update the website.
I wonder if that can be considered fraud for knowingly lying / deceiving the public about "Join Over 3 Million Subscribers"?
I wonder how many subs they have now? Maybe 50K or less.
They'll be lucky to be listed on the Nasdaq by the end of the month.
Are there any otc pink sheet stocks with a $5 pps?
It's going to be a long 3 months until the next report. I don't see this doing anything until then...probably won't see $3 again for awhile.
I've noticed that any good news from other MJ companies really doesn't do anything positive for that company's stock price. The sector moves in unison...all up one day, only to be all back down the next day.
IMO, their earnings were not good.
Yeah delisting proceedings.
Market value requirement is $50 million, so that's out of the picture. Current market value is $27 million-ish.
Not sure. Was basing my opinion on their cancellation history.
It will be canceled, count on it. LOL
Ted will feel right at home on the pink sheets...possibly the grey market, depending on what the NY AG finds.
Thanks for the response.
Found this...
"Since the Company will not be able to effect a reverse stock split ten business days prior to December 18, 2018, absent an extension by The Nasdaq Capital Market (of which there can be no assurance) the Company believes that our common stock will be subject to delisting from The Nasdaq Capital Market, which would adversely impact the liquidity and marketability of our common stock."
So delisting is up next!
"If we choose to implement another reverse stock split to regain compliance, it must be completed no later than ten business days prior to December 18, 2018."
10 business days prior to December 18th is next week Tuesday December 4th.
Look for an SEC filing next week regarding a letter from Nasdaq.
I bet if shady Ted wasn't under investigation by the NY AG, he would have put out phony sub numbers in the last Q. But since he's under the microscope, he's treading carefully. Actual numbers are less than 1 million subs.
Ask shady why hasn't he released an updated sub count? Because that would be the nail in the coffin.
The quarter ended September 30th. They may include recreational sales info from October to November 29th under "Subsequent Events".
A subsequent event is an event that occurs after a reporting period, but before the financial statements for that period have been issued or are available to be issued. Depending on the situation, such events may or may not require disclosure in an organization's financial statements.
**MP would be better off selling itself as the $1 movie theater. Remember when there were theaters that showed movies at the end of their runs at the $1 theaters? That's pretty much what moviepass is now.