Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wow! I missed a lot over the last week or so just reading a bunch of posts. What a group we have here at IH and team at NGW. A very special thanks to HD! ..and of course Mike Jennings for taking the time to write that out for us. Amazing stuff, really.
and, just remember we're just getting started on the BILLIONS... so Cannabis may not be the investor flavor of the year right now, but it will change.
https://finance.yahoo.com/news/state-ballot-measures-to-legalize-cannabis-could-add-9-billion-to-us-marijuana-market-111548141.html
“The 2020 election could be one of the most consequential and historical events to change the landscape of the legal U.S cannabis industry,” New Frontier Data CEO Giadha DeCarcer said in a release. “With $9 billion in new revenue from 2022-2025, should all five states ballot measures pass, New Frontier Data estimates that revenues from all legal U.S. markets will reach $35.1B in 2025.”
I doubt they will all pass, maybe NJ. but with pandemic crushing state budgets and possible majority D senate maybe this map has a chance to fill in faster then we think, even with another 4 years of Trump-
Nice job with those trades HD. and SPOT ON - "While virtually every big cannabis play seems fixated on market domination without any regard to managing costs and turning a profit, NGW has been incredibly prudent with their cash. As a result they have kept their G & A expenses in check. And unlike any of the companies I've mentioned above, they turn a profit. Their growth seems to be carefully planned and tightly managed."
Yes, NGW couldn't be more polar opposite that ACB. This is the conundrum of the large Cannabis sector. Mergers, acquisitions, expansions, debt dilution, monster loss, ..how to get out from under it?
NGW is on the other side of the equation- Mike and team building brick by brick, very conservative growth, calculated expansion (plus Mike's experience and growing caliber like no other!) and now they are running a profit! Small as the profit may be comparably you are right its a profit... they aren't even close to losses like this- 2.5 billion $$$ That's 2.5 BILL USD OUCH!!!
I agree Harpo. None of their PR's ever hit the main news streams. It's a shame, it would be definitely nice to see this happen and help with eyes and attention. I have no experience with this or know what it takes to make this happen or if there is cost involved??
My TD Ameritrade and eTrade have never picked up a nice new PR by NXGWF, ever... The only thing recently was the seekingalpha transcript of the conf call. (and I was amazed to see that lol)
Clone I think HD got confused with Buhlz who sold at .05. Are you back and looking to add or just warn us? I mean really what is not to like about NGW and their team, the changes they've made, the growing rev's and new products, the business plan they have set in motion????
Of course the fires are horrible, for so many. I appreciate those on the west coast giving us the updates and pray for them. It is so terrible! As others have explained here though they are in no way a risk to NGW facility.
With that said there are always risks, anything can happen at anytime. In the whole scheme of life NGW doesn't really matter much, it just has presented us with an opportunity and I think most would agree this is a great company preparing for a great future.
Welcome back and good luck to you.
Crazy... I hope you and your friends/family are OK HD! We are praying for the people of CA and West Coast.
HA I'm with you.. However things do change quick too;) I think NGW will be no exception. When some $$$ returns to the sector NGW will rise, but when investors realize what they've been up too, well, this stock won't be so hidden anymore... in fact probably ever again.
In other words- ENJOY this while it lasts (and it still could last a while). But HARPO says it best "continue to add as funds become available". I'm following that plan, still. Added 35k yesterday to my stockpile at .17.. next few weeks I will be adding more.
Have a great weekend everyone!
Yes we do .18 area strong resistance so far. Lets see we have some volume today and I just got a fill! :D
hang tight...
nice! I am about to put in a 35k bid at .17
I bought more today :))
Yup... today only 36k traded so no one is interested either way today. The good news is any selling is being supported and this is very nice to see at .15-.16 instead of .05-.06!
Given the progress NGW has made and guidance they are suggesting straight from Mikes mouth - the additional extraction facility Q4 and multiple product category revenue coming on very soon we will be on the way up again, and again.. and again. (with selling along the way)
great stuff thanks Harpo always appreciate it. From just a technical standpoint alone we are holding support here and due for a 50%-100% pop I think regardless of news. It's even more clear than ever before that this is undervalued now and everyone holding knows it. Why sell? No reason to until we get some movement up.
We consolidated nicely in the .15-.17 range, should move to test recent highs again... get past that and we are in the .30-.50 range soon enough. GL
Yes volume = shares traded bought/sold. Really there isn't much to talk about here volume wise ever yet. We have seen a few larger days (and a large day for NXGWF is 400k+ I guess I would say) which is really nothing in comparison to stocks trading in the millions of shares per day. We will get there, we need more eyes and more investors and all that can change pretty quickly.
So far today a total of 180k traded, which totals about 30,000 bucks for the whole day! peanuts...
not much volume yet.. but technically this looks like its about to move up again. Chart is basically a mirror image from right before the last move - check it out:
https://ibb.co/qrBRw2j
I'm not the best at this but I've done better in recent years with these reads - Harpo I think it is you that gives the technical updates so maybe you can confirm?? The things I like here- the bollinger bands squeezed tight usually means the stock will break one way or the other, but since the squeezed bands line up with the fact the MACD is about to cross and we have good support here my bet is this moves UP similar to before, another 50-100% from here very soon.. not down.. GL just IMO
Congrats to you! (Lots of crap out there I agree lol) HOLD onto these shares!
Hey everyone! Just put an order in for another 20K at .176 (I really don't have money freed up so I just put that in to support bid a little). Shares are being held very tight here, so great to see!
We of course need some new eyes on this and more big investors to move the share price.. but I'm more than convinced that the NGW team is lining it all up nicely. They are carefully executing their business plan and now we have audited financials which = accountability. Mike and team doing a stellar job to prove they are the real deal!
And not for nothing, this was a pretty timely release (considering others were very delayed) so I'm happy with that especially with the update and another conf call tomorrow. Really nothing short of amazing for this gem of a company. My opinion- if you haven't yet grab as many as you can while you can for these prices... Then... all that is required is patience:) Good times coming!
Probably obvious by now but I 100% agree with HD here- regardless of Leigh or whoever selling it won't be me. I'll tell ya, I saw someone(s) bidding up shares over .20 to get in at whatever price and same thing happened at .25, .26 that day. Sure they could be novice trader who wants in quickly but the bottom line is anything bought here (with some patience) will net you some big profits in the years to come, regardless of whether you bought them at .15 ea or .25 ea.
Also, right now anything sold off is being accumulated in the .15-.16 range instead of the .05-.06 range. That is great!! So, just for fun- another 300% from here is about .60 which is right back where this stock started in the beginning when they had some investors buy into nothing but an empty building with some big plans.... A lot has changed for the better and here we sit, for now, at .16. **IT WON'T LAST**
No way! I didn’t get any this time
My GTC orders were in yesterday and didn't get a fill, I guess they put me at the front, for a few minutes anyway.. Still didn't get all my fills but hey I'll take it.
Wow thanks! I just got a partial fill of my 58k order sitting at .144 at .124
Filled Buy 10698 NXGWF Limit 0.124
and then partial fill of my 42k order at .15
Filled Buy 24521 NXGWF Limit 0.15
LOL who's dumping at .bid? THANK YOU!
just lined up some bids today in .14-.15 range in case we get a seller or two who want out... anyone? please? I need more shares!
Happy Friday... catching up this week. My answer to the selling is the same ole “nothing goes straight up” especially a penny stock LOL. My guess is we bottom out here between .12-16. Sideways action is great and an opportunity to add for those of us in this long term. Let’s see what happens.
and how much rev's are they generating now?
Well hopefully this is some indication that business is doing well...
https://www.pareteum.com/tutela-us-cable-mvnos-find-extraordinary-value-in-wi-fi-offload/
"Of course, we at Pareteum believe that Wi-Fi is one path to the future — for MVNOs, MNOs, IoT, Enterprise, Loyalty, you name it. We maintain the world’s largest aggregated Wi-Fi network, with footprint at high demand locations and venues in more than 200 countries and territories. This includes tens of thousands of hotels, over 5,000 aircraft, nearly 700 airports, and tens of millions of business and leisure venues all over the globe."
Hey! (I think it's just me and you here LOL) have you checked out the yahoo finance board? Some good info there. It seems the sentiment of recent motion to dismiss by TEUM is very positive.
With that we also have a bullish chart and that huge reduction in short interest. Also if you look at others in the sector like APPS and TWLO they are FLYING HIGH.
TEUM will rise!
know what you own Chuck! Don't be steered by day to day emotion based on others selling. Let them sell. The same thing happened at .05/.06 you talked about this dumping and look where we are now.
This has more than quadrupled from previous lows, it needs a breather. Who knows, it may bounce back later in day too. Either way we have been trending up, with higher volume lately. This is always good sign as buyers moving in on shares at higher prices...
Somebody or a few somebodies buying heavy at HOD, didn't care what price. Nice to see!
here we go! little BOOM .26 on deck!
hey missed this last week was away, but did see there was some decent volume here and gains. Parateum has some big connections and lots of day traders move in with volume and right back out.... but one day this will move and trend higher. Each day is a day closer to restated financials too.
It almost looks like there is a little trend up on the chart last few months, and with short interest dropping I bet that trend will move past a buck soon again.
nice. I was just curious figuring you'd been here a while so you must have a decent pile by now!
Hey Harpo thx for update. How many shares you up too?
Yup I think we are on our way to lots of cartwheels...
Looking good! Like many here I'm in the green now...at $0.224 I'm currently up 132% on my shares! that's +$112,000
Honestly if this money was in anything else I'd be running to the bank with those gains. AM I CRAZY?? PROBABLY LOL, but like those of you here I'm HOLDING ON TIGHT!
And...planning to hold into the months and years ahead. Loving what I'm seeing being built with NGW brand and the way this is trading here. Anything sold is bought up!!
WE HAVE A SERIOUS WINNER HERE!
Man awesome over .20 close?! I’ve had spotty service camping on beach all week with the fam and haven’t been able to check in until today. Looks like all is well with us and our little gem of a company! I’ve said it over and over that I think management has done very well through it all so far and I am happy to be here and hold my pile! ... and we are still just getting started;). And I’m still short 60k shares from my 1 Mill mark. BUT no complaints!!!
You got ur .18 today HD congrats!
I was down over 60% at one point and now as of today’s close I’m up just over 100% on my pile of shares. It’s awesome to see this fine company we all own get some respect!!
And... I still believe “we ain’t seen nothin’ yet”
:D
yes it is! Of course I wish it stayed there a little longer too but also happy to see the needle moving!! So close to your .18 now... shouldn't be too long.
940k.. almost there!
Awesome!! You got me curious so went back in my purchase history this morning to see. The lowest fill I have is 2,500 shares at .035 LOL. Wish some zeros were attached to that! Happened on 03/19/2020 that was a partial fill I bet, I didn't even remember that. I did manage to add probably over 500k shares in the .04-.06 range.... and now it's starting to look nice. Currently up 63% on my shares:) and I have no intentions of selling anything anytime soon.
Thx BGP great read! I've heard all along Mike is the man in the industry with knowledge, drive, and decades of experience. Sounds like a lot of that comes from generations of growing and working with his father. Did not know he went to law school but fell back to his passion. Awesome... I'm happy to be invested here.
Mike always sounds very proud of what he is building with NGW, and they have quite the backstory from what it sounds like.
I can picture the Netflix documentary now....
"That being said, the main obstacle we have in the short term is supply, because we are consistently 100% sold out of everything we produce, sometimes weeks in advance, so we need to expand capacity and fast. As far as stigmas go, that’s so far in my rearview mirror I don’t even see it. Honestly at this point the best thing I can do to reduce the stigma, or any other cannabis CEO for that matter, is to continue to operate the most compliant, efficient, profitable company I can, period. In those terms the only thing that’s going to remove any remaining stigmas on the cannabis space is legitimacy."