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ask looks to be getting thin... can possibly see a big pop soon without needing much volume to accomplish it.
someone should push this all over Robinhood. Anyone familiar with their platform that can spread the word?
I like your math but I would suggest two tweaks.... (1) the $1.2M doesn't consider income taxes that they would need to pay and (2) I think your P/E ratio of 10 is very low for a high growth company in a compelling industry. I think 25 would still be very conservative but a good starting point. These two changes would mostly offset one another but will help in the modeling going forward.
Just went through .12... I put a market order in and it got filled at .1168
At this stage, I figure whats the difference in a 1/4 penny given the upside.
This is the best part of the PR....
"The entire NGW team has been working tirelessly to meet our continued growing customer's demand as we are sold out of product week over week. The rapid expansion into retail is in full bloom across California including Oakland, Los Angeles, San Joaquin Valley and San Diego areas," stated Mike Jennings, CEO.
I just added some more to my holdings
You're clearly living in the past b/c while Trump makes those comments, there has been a void in approving anything federally. Many states have waited for federal legislation before passing anything on a state by state basis. That's the issue.
Did you hear Trump speak earlier on CNBC? If not, let me just say he has the vocabulary, grammar and presence of a 4th grader. It's pretty embarrassing that he is currently the face of our country. His own niece is coming out with a tell all book later this month to raise the veil on how destructive a personality he is.
I would rather not make this board political, but another Trump term and this country could be swallowed by it's national debt and the stock market will fare much worse in the future as a result.
Considering they did $1M in revenue in each April and May, any guesses what revenue could be once fully operational?
the bid on .0002 is building. If someone wants it they're going to have to hit the ask.
The bid is now building on .0002 - would be interesting if a big flow of volume comes in at some point that pushes this to .0010
.0002 x .0003 now on tap!
Big volume starting.... two 10M blocks just bought at ask. 100M shares on the bid.
The actions of this current administration contradict their actions. They're complete hypocrites in every fashion. A democratic win will result in a more liberal approach to cannibus & CBD, but if Trump wins then it becomes a 4 year wait and likely consolidation of the industry.
Nice to find a board with educated conversation on NXGWF.... one point I'll add is that we should all be hoping for a Democratic win in this years election (which is what the polls are currently showing). If so, then all weed & CBD stocks will have a major rebound b/c democrats are in favor of removing roadblocks for the industry.
.0002 was thin yesterday.... will be interesting to see how quickly this can rise. Get your popcorn ready b/c the boatload of shares traded the past couple weeks need to mean something.
The bashers are out in full force... The volume the last 3 days is in excess of 110M shares!! This is more than volume over any 3 day period in the history of the company. If volume was a mere 5 or 10M then I would say a pullback is inevitable, but volume of this magnitude suggests a strong move higher. Try to play the spikes if you'd like but the investment strategy is to stay long until atleast .15 or watch from the outside.
on a positive note... T*RA was on the move down when it started it's rebound.... VLCO has been in a upward trend for quite some time before it spiked... very bullish consolidation and then uptick to come IMO
I wonder what the impact of reduced government spending will have in the long-term
I hate to say it... but this is much more than a shake of weak hands.... this is significant selling pressure possibly accompanied by the selling of additional shares considering they just raised the A/S to over 4B
You're def right on that... I just can believe ppl are surprised the company sold shares when they made it very clear in a PR that they were doing so in order to raise $1M. They never lied to us or delayed the truth until it had already been complete. Management has been very upfront with its investors and the potential of the product itself is very obvious simply based on where it is currently located. Revenue/growth are undoubtedly around the corner, for the short-term we just need to get around all those who are surprised the company sold shares to raise $ thatthey told us they were going to do...
This may prove to be a very interesting afternoon.... lots of support and buys coming in ... could see a technical bounce back to the .003's by EOD
definitely some accumulating going on at .002
This is the second 5M share bid in the last 20 mins there... anyone looking to play technicals, now may be a good time to get in at .0021
one green day will change the short-term psycology in SAVW... there is going to be a point where sellers just say I'm not liquidating at this level... and then we bounce
as will I
I don't disagree.... but for the time being ppl are playing the game
I think ppl are dumping b/c they can buy back 30 - 50% more shares with the same $ in the .0012 - .0018 range.... I do think this will go back up but it's going to take some consolidation down where we are now.
While I've been a SAVW supporter... in the short-term I expect a drop back below .002 to possibly retest the .001 based on the pressure in recent days .... after that we should get a technical bounce that could sustain itself if accompanied at any time by some substantial PR's. Remember, the 1.3B that was diluted transferred $1M to the company or about .0009 per share. This is why I suggest a test of .001 b/c the investors that converted debt for shares are not going to watch it go below their break-even point.
At the end of the day though the company does have a viable product that should be welcomed by most as we approach the end of the year and new government standards are implemented. we'll see... still believe a great risk/reward when we drop to the .0015 area.
I honestly don't think they'd buy back shares at this level b/c the average price they received for what they sold was around .0009.... $1.1M in cash received vs 1.3B shares sold. Once we the 1.3B shares sold to investors have been fully liquidated as they are the only ones who can still profit, then we will move back up... waiting game for now though. Time to accumulate when we drop below .002
magical 4M on the ask
we may tap below .002, but there is no way this does not snap back in the coming weeks when news starts coming out.
I'm sure they had a reason to increase headcount from 23 in May to 30 as of today in their recent release.... those extra heads aren't there to answer phones IMO
They clearly haven't released anything yet, but their products are real (as evidenced by the fact that they're in front of the DOT building) and so is the fact that they just entered into a new lease to support their production facility.... pretty easy to connect the dots from there.
That would make no sense b/c .000 would mean that the market cap of the company is $1.7M or less.... that is absurd considering the prospects at hand.... so they dumped shares to raise $1M, they told us they were doing this!!!
I like how those who never say anything suddenly have a ton to say.... how about this - company is trading at .0025, assuming they have 1.8B shares outstanding that means the company's market cap is only $4.5M.... that is very low for a company with these prospects. They told us in a PR they were selling the shares 2 months ago, why are you so surprised!!!
I don't get the prob... the company said they were going to sell shares to raise $1M... now they do so and everyone is surprised and pissed off
they have nothing to do with SAVW... stop making things up!
This is for the StarInvestGroup and not SAVW... stop posting unrelated items.
definitely going to help remain cash positive.... very good for the company to help reinvest in its growth!
here is the link to their 3/31 financials.... $2M in total liabilities (that's peanuts!)... maybe you should be doing a little more research
http://sec.gov/Archives/edgar/data/1385305/000116552711000489/g5137a.txt