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RS maybe, but not before the price is
Agreed, this is why I am buying as many as I can. Not much downside at this level, but plenty of upside.
PR came out about the State of California ballot items this November, expecting next news of 10k and name change.
Don't think the name change will come until the price tops a half penny to draw more revenue than levels we are at now. Company may even do a buyback to get it there.
Name change will be huge, this makes it an almost new IPO , so expect new big money to at least run the number and place on watchlists. Any breakouts and major buying starts bringing it to
$.05 - $.06
I did sell about everything except 1200 shares, and broke about even, thanks to picking some up right after the reverse that someone forgot to cancel their ask.
Now I'm looking to average the1200 down and build a nice position for a long investment (around 1-2 years). By then we should see either some dilution or FDA approvals.
Just need it to drop a little more and then I can start the average down process.
Looking to make a few thousand in the next two weeks.
Very Bullish!
Would like to pick up some more so the downturn today is nice. Almost at my goal!
Only 35% shorted today, looks like buying is picking up.
http://otcshortreport.com/index.php?index=WOFA
Expecting news, 10k should be right around the corner.
That said, we should also see a huge PR once the 10k hits to show the new path forward.
Best case scenario, 10k -> PR -> Name Change!
Also believe that the OS and float will surprise everyone for the best. Next voting move should be an easy approval for reduction of the AS and another future approval for a 1:5 reverse not latter than December 2018.
GL to anyone grabbing these up below
$.0050 my expectation is that once all is said and done with the word getting out, this will be at least $.05 and after about a year and closer to a reduced AS and second reverse $.35.
After second reverse expect to see $1.95 - $2.15.
California is only the beginning, betting on after the first two quarters of real sales the company moves into the other States with medical marijuana passed. If they are lucky enough to get into a State with both medical and recreational use passed then the market will turn towards a youthful generation, who are waiting for this product.
Very much doubt it.
Phoenix project still shut down
Gold down and could continue especially if we see a recession
Still waiting for the 10k for year end of 2015,which will show how much in debt this company actually is and how low the revenue is
I'm going to say that, until we go sub-penny it's not a good buy. That said, once the sub-penny mark is hit I'll be a buyer again
20+ million debt since inception and already 877 million AS .
I'm seeing a big dilution coming and could see the price going below the penny mark.
Revenue has not been as high as expected, so glad I got out at $.07s.
If the price goes sub-penny then I may be a buyer again.
GL to anyone still holding!
It's going to be averaging up and I surely hope you have done the DD required MMs.
Last few months have been a constant battle to keep the stock price low enough for a few dollars of profits each day. Can't be going too good for them as I see an average of 99% shorting here. Must be hard buying/selling to each other on a daily basis.
Even if converts are happening, until the name change and new earnings are reported, can't see any new money risking anything here.
PS: keep an eye out for the short position, big drops without reason, only means a pump and dump. Don't get caught up in one of those, just wait a week or so and the price will steady.
Feeling like a bounce coming. Could get back to the $.0050 mark.
Still awaiting the new name change. Hoping for some light today.
$LSDYF continues to grow and has had a +9.5% bid price for over a month. Should see some carry over here too. Especially when news and orders keep coming.
Super high A/S and O/S, gold has steadily increased as this has continued to decrease.
Not even sure how it bounced last month to where it did.
Still thinking that it should be $.01 * $.02 max and maybe even lower.
Best case for the company is either triple zeros or a 1:100 reverse.
1$ this will be down to $.09 again just wait and see
This stock is doomed to be in the
$.01 - $.01 range sooner than later.
BMAK needs to get ran out, for this to start to move.
The only way I have seen BMAK leave a situation is a nice squeeze.
Somewhat big news here, kinda interested where this goes Friday.
A push back to .25s and there may be reinstalled faith of shareholders!
1.6 Million shares after hours. Look for a squeeze early then closing $.001s.
Next week could be triple zeros, but with such a huge A/S this is doomed for the basement.
Pending a few pumps with marketing [paid with shares] I cant see this ever getting anywhere unless the BOD reduces the A/S.
Penny stocks are and always will be a very risky move. This stock has a history of continued movement downward, not that you can't make some money when it's moving down, but better be sure what your doing if you want to keep sane.
However if it's the companies product you believe in, then it could be worth holding long term.
If physics can cross over to this stock, then what goes down, will come back up.
Pre-reverse the valuation was around 3-6¢ so a buy here below .001 could turn into a great buy. However it is all possible that we see .0001 then another reverse.
The product demands at least 600K the first year, and increased sales for all following years.
I could see expansion of the sales area, as more States allow for medical sales and word of mouth from the medical community.
Can anyone confirm, that there are also orders in Oregon?
Not 100% sure you're not in the red even if you did sell prior the reverse. I took somewhat of a hit prior the reverse, but was able to make it up since then.
Still like this but need to wait until I see the bottom. Thinking around the $.04 mark like last year.
$LDSYF has nobody selling in the last year and $WOFA looks to be heading there also. Could mean that long term relationships with either of them could pay off tremendous!
I'm still seeing, soon as revenue starts flowing in and the management begins to get out of debt with liquidation of equipment, land and reduction of personnel from the modular home business, a valuation of the cannastrips distribution business @ $.65 - $.75.
That would make a purchase of 1 million shares today @ $.001 ($1000) and with a 3000% increase alone ($.03 par share) (which is where the stock was sitting pre reverse,and no further dilution happened after reverse) you'd be looking at around 30k in your port. Now imagine if it could ever get to the valuation level, we're talking 650k almost to the millionaire mark! So why not just get 2 million shares!
The $.04 is way too high for the amount of authorized shares and amount of outstanding shares. Not to mention the amount of restricted shares and warrants out there ready to cash soon as movement start.
I'll be a buyer around $.02s again. Or something
Looking like we see $.10 soon LOL so glad I sold
More games again today with ones and twos being bought to lower the ask LOL!
Guess we'll see next week if there's news coming
Funny games begin played here with last two sales being exactly the same.
Think that people are selling and buying from each other keeping this low for them!
Still looking forward to this week, think there will be some news coming.
Expectations are in the $.0035-$.0055 range
$WOFA Begins Receiving CannaStrips Orders via @YahooFinance
http://finance.yahoo.com/news/wofa-begins-receiving-cannastrips-orders-130000206.html
Would be great to see how many and also projected revenue from the orders, but guess that will be coming out directly from the company.
Anticipating some of the orders were semi big for it to make the third party news!
Go $WOFA should be plenty of green from now on
Buying green today for Saint Patrick's day!
DD shows that this company is coming out of the fog and has an understanding of what it will take to get to the next level as the US medical distribution company.
Slow growth and a focused strategic plan will immolate many highly successful historical companies.
In addition to this new business plan, lifestyle is verging towards their focused niche of eatable medical product, and hopefully will see newer flavoring in the future.
Mid to long term outlook derived from DD is $0.12 - $0.25
Does the bid and ask continue to go to near 10K because the manipulators don't want to get stuck when the news comes?
A nickle would be nice, but I wouldn't be surprised if it goes to new 52 week lows.
I'm expecting it to level out around .02s....hope I'm wrong.
Was able to pick up another few hundred thousand today!
Keep slowly realizing my goal of 10MIL, average is down to even now, in spite of the RS.
Soon as this does break, I could be looking at a gold mine!
If I am right and we soon (nlt Sep) see the nickle level, I'm looking at a 300K win!!!
Good luck to you all who are here and sorry for those who are not!
Link to news please
Today's the day!
Hopefully it won't get deleted again!
News today and this moves!
Need to knock out the .001s
Ask should move up their price there we go higher
Expecting a large move here soon, more news expected this month
FDA approval won't be there until late September at the earliest I expect!
When is the reverse scheduled? Hearing 1:50 is that correct?
Let's see if it can show some more support today. A slight increase will lead into a positive position for a end of week close in the green.
I have no doubt, that's exactly what will be going on here!