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Bash and Buy. I like that!!! I’m gonna start a firm under that name ;) Although I’m more of a buy and bash type.
Fr tho, I bought a decent amount of RONN at .009 last week, dumped 75% this week at .018 to clear the position and used the proceeds to buy 25% back at .0085. When it comes to the true penny/sub penny trash I’m in n out in days. I’ve never seen a true penny/sub penny stock worth holding long term, RONN is no exception. However, if you’re able to clear the position and ride freebies, I’ll hold this thing till it moons or becomes a random number sequence in my portfolio.
The other company were both in, well that’s a long hold for me and I’ve used derivatives to build a nice position there. We both know that’s the future of mind medicine ;)
And some really desperate pumping
All weekend there were posts about .03, .05, .10 and the moon. Then the company releases a boilerplate PR about an MOU that will likely never be executed followed by Twitter teases about subsequent PRs that fell equally as flat.
Pure comedy for those who have seen the dog and pony show too many times before
Oooof any OTC company “pre-announcing” a PR is a MAJOR RED FLAG. Seems to me like this is a pure pump and dump in the worst of ways. Ronn Ford is the Lady and the Dale.
And man did this recent PR land like a ton of bricks in a canoe.
Adios!
.40 to .70 per share IF the Rana and First Nations MOUs are legit but that’s a BIG IF.
$350-500mm MOUs / 872mm shares = .40 to .70 range
Of course this is the OTC and MOUs or LOIs have a mysterious way of never coming to fruition so this would be a major IF
Hop on the RONN run. Make them monies. When you have the Taste for Silver pennies won’t do
New Strikes for Monthly Call Options
The strike prices for monthly calls have been extended by $1-2.
Makes one wonder if market makers are anticipating a big move after earnings are released…..
Yeah man. Get some.
Always happy to hear of folks making good monies. I know the other one we’re in is gonna be a big winner. Not sure about BEGI but I’m feeling good with the unrealized gains.
Let’s do this!
When You Have the Taste for SILVER
Pennies Won’t Do
Lets get some Silver
Geez Man. Act Like You’ve Made Money Before
After our exchange on another board I came over here and decided to get into BEGI; 2mm shares at 0.0014. Sure it’s nice to be up 100% or a whopping $2800 in unrealized gains but chill out. Who cares about what the clowns are saying on the message board circus circuit?
I’m not sure where this is headed. $1 or a $1.7b valuation and beyond is a remote possibility if the patents and tech is viable, as is floundering at .0001
Regardless, let’s not freak out and get distracted by the clown show. At least not until $1!!!!
Have a nice day
KABOOM Goes the Dynamite
The MJ boom has officially begun. This is the spark that will engine an explosion!
See, as a Schedule 1 narcotic (I gagged writing that ignorance) cannabis is deemed to dangerous for society. Therefore, public and mostly high profile companies cannot be involved with entities that are close to the plant, meaning banks, hedge funds, venture capital firms and the like must stay away from cannabis related companies.
This all changes when cannabis is rescheduled.
The result will be billions upon billions of investment dollars pouring into the cannabis sector. Companies like Sundial will now have access to bank loans, lines of credits and other traditional financial services previously unavailable. That access comes with a major windfall…..NO MORE NEED FOR DILUTION AS A MEANS OF RASING CAPITAL.
Replacing dilution with bank loans will create a much more stable equities market!!!!!! I cannot stress the significance of what I just wrote!
And of course, Sundial, having NO debt and a small hoard of cash…..well, that’s just an absolute powder keg!!!!
Huge people, this is absolutely enormous!
GREEN DAYS ahead around the sector ;)
Supposed “Special Meeting” on June 9
As seen on Reddit/WeBull
Only if Re/De-Scheduled or Major News
This was overbought after the FDA breakthrough announcement, and rightfully so because barring the dilution MNMD would probably be on the moon by now at 25-50pps
I think MNMD drifts a bit and worst case closes the big gap at 6-7pps. This is only short term as I full expected a moonshot here once Phase 3 news starts to materialize and eventually more info on MM-120 getting to market.
In the meantime, this volatility is excellent for generating cash. I’m not usually a day trader but it’s pretty easy to scalp a couple hundred $ and sometimes a few thousand per day by selling covered calls. I would never short the equity or sell naked calls on a biopharma but sell covered calls, close the intraday or next day, rinse and repeat.
Good times!
Devin Nunes’s Cow and Mom to help bring DJT and Truth to its full potential. To the moooooooooooo n!
Trump is like manure and the US is like ice cream. They don’t mix!!!! Combining the 2 may not ruin the manure but it sure does destroy the ice cream
Closed the Calls at .4
I’m happy with the returns but not too happy with the overall close for the week. Losing the 10 mark is always unsettling. Short term I would not be surprised to see MNMD drift lower. There are rumblings about significant federal action next week to re or de-schedule cannabis and psychs but that’s nothing new until the government finally takes action with legislation. For reals tho, if the FDA is saying psyches and cannabis have medical applications it’s about f**king time to do something. It would be incredibly embarrassing, and a potential liability if MNMD had a great Phase 3 trials and was ready to go to market but inane, outdated laws prevented the company from doing so!
Saving Grace, Are You Legitimately that STUPID?
Or are you paid to say such stupid stuff like that?
I mean, it’s incredibly easy to verify. You can read ERBB’s own earnings reports and see they are being sued by several entities for non-payment and breach of contracts. The company hasn’t released press in well over a year. Recently ERBB was delisted from the Pink Sheets and demoted to the Expert Market due to non-compliance.
Yet here you are acting like none of this is reality. Either you are truly a brain dead moron or you are a paid shill trying to mislead people. Regardless if you are the former or the latter, you are an insufferable asshole and this board, along with the world is worse off because of people like you.
So Close to Covering My Short Calls
Since the FDA BTD designation I’ve been hammering the Apr 19 10c….sell to open, buy to close, profit, rinse and repeat. Easy money with the recent volatility. I’m on what will be my final trade on those covered calls….sold to open last week, 10 contracts for 1.75per. This dip may be the opportunity to close but I’m looking to cover at .50 or lower. Even though I’m fine selling at 10pps I really don't want the shares to be called away. Either way, I’m stoked and this volatility is awesome!
So Close to Covering My Short Calls
Since the FDA BTD designation I’ve been hammering the Apr 19 10c….sell to open, buy to close, profit, rinse and repeat. Easy money with the recent volatility. I’m on what will be my final trade on those covered calls….sold to open last week, 10 contracts for 1.75per. This dip may be the opportunity to close but I’m looking to cover at .50 or lower. Even though I’m fine selling at 10pps I really don't want the shares to be called away. Either way, I’m stoked and this volatility is awesome!
News Coming Over the Next Few Days?
Rumblings about some major changes coming to over the next week.
Some of the CA dispensary owners I consult with have been told by the state that there is eminent federal action.
Not sure what this means but might be the big one we’ve all been waiting for
What kind of idiot thinks people short ERBB?
Most institutions have restrictions for shorting stocks under $5 and 99% are not even allowed to trade penny trash like ERBB, much less short the equity.
I find it comical when people make such stupid suggestions because it shows a stunning ignorance about how the market works. Amateurish retail stupidity, and you know who I referring to.
Saving Grace - What a A$$H0LE!
Seriously dude? Are you really this pathetic? Why are you desperately trying to sucker people into this scam?
People like you are the reason humanity is doomed.
The Hits Just Keep Coming!
Meanwhile the legit cannabis space is about to go stratospheric.
2024 is recreating 2014 when the penny pot stocks blew up except this time it’s legitimate companies with real revenue.
Massive gains coming!
2024 is Gonna Be EPIC for SNDL
Look at today’s reaction to Germany….SNDL up 20% while other pot stocks up 60%. And that just Germany. NY and CA alone have the population of Germany.
100 years of prohibition is crumbling down and the results will be glorious!
Once rescheduling occurs SNDL is gonna tear like no other. Banks, financial institutions and the like will legally be allowed to flood the sector with investment capital, loans, bonds and other financial services previous denied to this sectors.
I was around in 2014 when WA and CO legalization sent shady, fraudulent penny stocks up 10,000% in a few months. I made so much money then I bought my girlfriend a car, a wedding ring and I still have cash leftover today (and also the wifey ;)!
Fortunately I cashed out then because those penny stocks were a joke but SNDL is for real. The company already has nearly $1b in revenue, no debt with $170mm cash.
10 years later this boom is gonna be absolutely epic and I hope everyone has enough fuel for this ride. Hold on to your shares and take a seat cause we about to blast off. 2024 will be a year to remember!!!
Stephy You Off the Sauce Yet?
Finally kick the booger sugar? Get your license back? Staying away from high school girls? You still sticking around that shithole Nipton or is Vegas your new sleeve central?
Comedy Gold from David Gwyther
This is from a 2017 email exchange with Gwyther….none of this dipsh*ts “predictions” came true;
DEA Rescheduling is Imminent
Moments away folks……..
ERBB is Illiquid TRASH
We all saw it coming, some before others (looking at you Rat Fink!)
ERBB is on its way to delisting and becoming a random sequence of numbers in the portfolios of anyone stupid enough to still be holding.
Lindel, that means any stock based compensation you’ve received for your participation in this scam will be worthless. And good luck with any lawsuit you bring against ERBB or the criminals who ran the scam since the company is insolvent. Next time choose your business partners better and maybe listen to those who have experience.
VMan, I can only hope your work on this board has prevented at least a few others from being ripped off by the criminal likes of Gwyther, Jacobs, Piglet Jillian Skye Jacobs, Shearin, Manley. The aforementioned people belong in jail but they will receive their comeuppance.
Anywhooooos good times. I made a ton off ERBB in 2014, lost a little over the following years and got out on the Nipton pump. I had a blast chronicling the scam on Seeking Alpha and chatting with disgruntled insiders like Sheelah Goligee, Chris Ramondetta, even Shearin but I was happy to move on when it became apparent this was not a real company by any means.
Sadly, No. These people are proof of how stupid and delusional some folks can be. Although my guess is they are compensated to post their idiotic messages. Even ERBB’s most historic and notorious pumper Rat Fink is starting to see the light.
Anyone still pumping ERBB is either 1) a blithering idiot or 2) an active/paid participant in the scam.
We All Know it’s Gonna Happen
Congress has numerous banking bills for cannabis they’re just dragging their asses as they do with everything. My guess is that the election cycle will provide some mono as politicians up for election will tease federal legalization.
As for LSD, if the FDA is allowing fast-track status the DEA will be forced to get in line. Not only is it bad optics to have the DEA saying LSD is Schedule 1 while the FDA says it’s effective medicine but there are potential lawsuits from companies like MNMD for not allowing the medication to market
You Should - But Be Prepared to Sell Shares
I got super lucky, sold 30 Mar 15 10cc before the run up for $450 in premium and was able to close them yesterday for a meager $140 gain. I would’ve been happy selling the shares at 10per but I’d rather hold on to them.
I did manage some intraday scalps with cover calls over the past few days and I have a nice chunk of Jun 21 7c that I’ve already cleared some with 1000% gains so riding free money.
Oh, and I have some Mar 15 10p that I sold the other day on the drop. I’m debating whether to close those or let em ride until Friday. Either way I’ll either be assigned the shares or use the profits to buy more shares.
Like I said a few weeks ago, it’s nice to see the options premiums heating up. Great way to hedge and generate cash
Another Round of Financing?!??? Not Likely
I’m gonna give that one the ol Jim Mora “playoffs……? PLAYOFFS?!?!”
MNMD just raised nearly $200mm. The last earnings call the company said it will be liquid through 2025/Phase 3 and that was BEFORE the recent offering.
Don’t get me wrong, saying they had the cash through 2025 and then offering shares for more capital is a bit of a sleezy move but I don’t see another cash haul any time soon, if ever at all.
If the FDA trials result in approval the DEA will literally be forced to reschedule to allow MM120 access to markets. Once rescheduled MNMD will have access to traditional banking (loans, bonds, institutional investment) and the need for dilution goes bye bye…..
Loving this Pullback
Closing the Mar 15 10cc I sold last week. Closing some intraday covered calls I’ve sold over the past week. Continuing to sell ITM puts in hope the shares are assigned. Also selling more covered calls, mostly Apr 19 10c. Still holding the long Jun 21 7c with no intention of selling any more after shedding a few at 4/contract which cleared the position with 1000% gains, paying for the rest of the contracts to ride.
Still haven’t sold a single share and would never short the equity.
What panic sellers and scalpers fail to recognize here is that the roughly 25mm shares recently offered will net about $185mm in cash so for every bit of dilution, book value is added. The cash bolsters MNMD’s ability to prevent major debt which becomes more attractive to buyouts.
The next major catalyst will be rescheduling. Everyone knows it’s coming. Pelosi, Schumer, McConnell, Taylor Greene and the Congressional Crooks just need to get their trades aligned so when rescheduling finally does happen, the shady politicians can profit.
Also, to add…..
The main reason MNMD must dilute to raise capital is because the company deals with a substance that is designated as a Schedule 1 narcotic. Therefore MindMed cannot raise capital by traditional means….bank loans, angel investors, bonds.
Once LSD is rescheduled those financial options will open up a floodgate for investment
Hammering the Mar 15 10p - Selling to Open
I made the “mistake” of selling 30 Mar 15 10cc before the run up. Don’t get me wrong, I’m happy to have pocketed the $450 in premium and I am will to part with 3000 shares at 10pps but I’d really like to keep the shares so I’m shorting (selling to open) the Mar 15 10p.
I’m ok being assigned the shares at 10 since it’ll be at a 10% discount from the premium and will only raise my cost basis by a tick.
New Options for Dec and Higher Strikes
Previously 10 was the highest strike price. Now strikes go all the way up to 22. Plus Dec 20 contracts were just added.
I’m kicking myself for selling Mar 15 10cc last week for $450, missing out on about $3k in premium. With any luck the contracts won’t be exercised but I’m happy to sell some at 10. I have a nice hoard of Jun 21 7c to cover. I sold some of the Jun 7c yesterday at 4/contract which 10x what I paid and I’m riding the remaining contracts so I’m pretty happy.
What a fine week we have seen here.
Oooohhh New, Higher Strike Prices for the Options
Delicious!!!
I’m happy to be under the radar
Gives us more time to accumulate before MM120 is approved/LSD annd other psyches anre rescheduled by the DEA and the dam breaks.
This is a rare chance for us little players to get in before the big boys
Up Nearly 400% in a Month
Yet MNMD barely shows up in trending stocks on financial sites. After a 50% bump yesterday alone couple with a fantastic CNN article, MNMD is still flying under the radar.
Wait until this little gem is exposed to some light!!!
Insane how much this could (and will) run
North of 25pps
But but but It’s NOT a scaaaaaaaaaaam!!!!!!
Hahahahahhaaaaa! Can’t say we didn’t see it coming old friend!
I wonder what scam Jacobs, Gwyther, Piggy Jilian, Shearin and the other crooks will run now. I wonder, but I don’t care!
Entirely Possible
I just re read my post and noticed I accidentally added a 0 to the per contract cost. Regardless I sold 30 Mar 15 10c for .15 per = $450 premium. I’d be more than happy selling the shares at 10 mostly because I am covered with 50 Jun 21 5-7c and my cost basis is about 4pps.
That said, I genuinely think the pps could blast off pending great news tmrw. The $1.2-1.7b valuation seems quite irrelevant since there are no current revs but if MM120 is half as effective treating disorders I think MNMD could be worth $5-15b easy based on revenue streams from comparable GAD, ADHD, PTSD and depression medications. That valuation would put MNMD north of 100pps.
Of course, if the trials are successful and LSD, psilocybin, MDMA and DMT are rescheduled, I fully expect a buyout before MM120 even gets to market