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The PR is late because they are making it a good one. They have heard our concerns regarding their lack of professionalism in the recent PR's, and are not just whipping this one up and clicking send. Many people no longer have RSII on their watch lists and don't know about the symbol change. The old ticker didn't change to RBII, it is gone, and RBII is new so you have to actually add the new ticker on your list if you know about it. The PR they are releasing is their first one for the new ticker, it must be professional and include all information up to date.
In my opinion, it will make the price spike, maybe even set it on a run up to .02 because of the volume rush. Also in my opinion, I don't think we will sustain gains until we get solid news about Cannophen sales being confirmed for a specific date, or some huge news related to Cannophen, but prepare for a run up anyways.
x100xPercent
You should definitely sell then
If I were Jimmy Chan, or any CEO behind on things and trying to catch up, I definitely wouldn't have a phone number that investors, especially IHub users, would be able to contact me on.
Hopefully the PR is taking longer because they're making sure it's a good one that doesn't say the word "revenues" more than 3 times, the number 420, or "stay tuned".
Haha mudpuppy just found out about this stock like 2 days ago from the sugarmade board, he doesn't know anything, just looking at a chart and making a prediction. He's just an average Joe in the world that thinks charts tell the future and posts about a stock going lower when he wants to buy it at a support level.
Mudpuppy, charts tell the past not the future, that's why you're wrong more than 50% of the time.
New website coming in June
Sugarmade Facebook Post at 10:15PM PST :
"Watch for our new Sugarmade, Inc. (OTCQB:SGMD) website. So much happening at the Company our old website just would not do! Coming soon. Better, Bolder and Growing faster than ever before. Come "grow" with us!"
http://sugarmade.com
There's no way they told him this information, he's talking about sueing SGMD and shows frustration in his posts. Information about CEO change needs to be made public.
Nice scare tactic, beat your opponent while he's down, because you sold in this sell off and you want cheaper shares. You just posted a couple days ago that Mr. Chan needs to go, now you're saying he's gone? Yea right
Also don't need clinical trials unless you intend to make it a pharmaceutical drug. Cannophen's only chance is to be sold alongside edibles and other recreational products at dispensaries.
The dump on news is usually when the price is high, .013 is still low, so any good news could make it go at least a bit higher. The ticker change itself apparently is a catalyst as well. Whatever happens it will be interesting to see what happens.
Yes but I don't care about fundamentals or facts, I care about short term share price.
Ok thanks. By the way, thanks to you I became aware of this stock yesterday and got an entree under .05 this morning. Cheers!
True but that's revenues, not profits, correct?
Can someone please explain the advantages of and reason for a symbol change and how it can or should affect the share price?
Are they going to dilute to get the cash for the next cash payments? They owe 4 million.
It's highly unlikely they changed the time due to quality of news. They have had "good news" for over 2 weeks now, likely about Cannophen because the Cannophen samples were in the same post when they announced the existence of "good news". And if the CC time change was because of the quality of news, why did they make it earlier in the first place?
My opinion is they changed the time because they are busy in the morning with something important. The call is still during trading hours and plenty of time to buy or sell before close. I'm guessing most people on the call will know if they want to buy or sell within 20-30 minutes. It's possible they are delaying this call/news for this long because they are trying to finalize something or get as close as possible to the goal before telling us about it, delays in a business such as this are common and should be expected. Those who believe Cannophen should already be on shelves or will be in the next few days are thinking unrealistically.
All speculation
I was responding to drew's post on the topic of FRLF. An investor spoke with someone that said by end of week.
We're down on doubt. Have a little faith and close it green. It always goes up 30-50% from this price.
Did everyone already forget they just got $5 mil? That's huge. Just have to wait more than only 2 weeks to hear about how they're going to spend it. Surely they're not going to just sit on it, and if they are, it's probably worth the wait.
Me too. And they just became late on 10q but apparently it will be released by friday
He may have bought 100k, there was approximately 100k volume minutes before his post
Refer to my post 11525, MJ stocks is all I trade but not necessarily hemp
I think this goes up more tomorrow
I agree a push is likely before dropping below .055
I believe you, thank you.
to get to 10's, have to go under .14 first, then .13, then .12. Those are huge hurdles.
Who thinks FDA approval of Epidiolex will make OWC's stock go up?
mary777 thank you for the message, that's exactly what I wanted to know and is as I suspected. I really don't think he's telling lie after lie, just makes no sense. About the harassment, I thought about that myself... would be bad for investors to know too much.
WOW, I don't think I've ever seen sector recovery so much in one day! It was down all day, big time and closed positive. Power hour there must have been 10x more buying than selling to close positive for the day. Believe me as someone who monitors the marijuana sector as an index, this recovery after being down all day is highly unusual. I'll take it as a sign for a great week next week, just to be optimistic.
I'm living in Waipahu for the summer, but staying on Eastern time of course
I think if someone brings either selling or buying volume in during power hour, it'll get things moving and it won't be a poorer hour.
Nobody wants to sell when up 16%? Come on!
Why would you have to cash out your 401k? I trade my own 401k on OTC, maybe it depends on the company you work for?
Ok I bought half my shares back, hopefullly it goes back down then i'll load
Damn now I feel like buying back my shares + more.... ugh this video ruined my plan to buy back cheaper.
Yes I love LVVV and what they are doing but I'm also a trader on OTC markets not an investor, gotta pull the sell trigger when it makes sense to me even if I don't want to, there's risk in both owning a stock and not owning a stock, it's all about timing and your plan of execution.
Comparing to the rest of the sector is a very good indicator, for some reason when sector is down it brings 90-95% of other stocks with it, and vice versa. We are up big (~20%) and everything else is either down or not even up half this much. Sure we can pop over .06 but I think less than 40% chance it stays up around .06, should be next week when we continue up IMO but nobody knows.
It's up too high at .059 for such a huge down day for the sector.
I think it's too risky buying higher than .055 for short term. I was loading yesterday and today under .05 and dumped .059