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Yeah, kind of sucks to be bleeding on a day the rest of the MJ sector is doing very well!
You broke your promise to go away.
You broke your promise....
I'm not 70% by any means but I still got a decent stake in this one, unfortunately I'm averaged on the high side (pun intended) at .081 so I feel better when it's above that!
Hopefully I'll keep feeling better and better
23+ mil and not moving, when will the wall of shares tumble???? I've got a significant interest in seeing it come down.. all this action the past few weeks has put a lot of new shares out... that sucks , I get it, I do, still sucks... there gets a point where too many shares will wreck it all though... News would really really help now....
Exactly what we seeing again today, toxic dilution that doesn't give a crud they crush the pps just as it gains momentum.... .0018 to .0014 in the blink of an eye ...sigh....
Picked up 4 more million at .0014 , time will tell if that was a smart move or not...
I don't get concerned with that, they engaged a specialty website developer. Stick to your core strengths and outsource for expertise outside of that. That is extremely common.
That said, I just think of what costs are involved with doing it and does it get them closer to making money?
In theory they have been selling hempsmart for several months. I hope we get a financial update soon on progress of revenues. I don't expect much at all, but they post they sold $50k worth and gaining traction and more products (with launch) dates I'd be good.
We need to see the path to revenues, not 'we are getting a new coat of paint'
Seems like the past two weeks the whole industry has been on a backslide, a few pops here and there that are short lived and then retrace. Nervous about Trump / Sessions? Despite what everyone predicts, maybe still need to hear it from the horses mouth, and haven't yet. I see all the news about potential regulatory solutions but no acknowledgment from Trump / Sessions about them. Just expected Feb to be more friendly overall and it has most certainly not been... Ride it out, continue to add I guess , and a small prayer cuz it's still higher risk investing....
Well here is hoping, still never fun to have the down days! My stake is significant and I agree but the dips but I've put in all I'd like to (8 mil shares) for this stock so for me it's just hold...
Why is it that sometimes the smallest of volumes move the price a ton and often millions of shares don't budge an inch... the only thing I can think of is dilution when it's a wall of new shares.
So Sleek picked this out as a 'salami' stock based on a certain set of parameters. Like 420 million outstanding shares. Debt conversion old and new, etc. what I want to know now is if he re-applied his methodology, does it still come out as a salami stock. New debt and a billion + o/s changed the landscape....
I'll call it a non day... oddly enough I'm currently invested in 2 MJ stocks and both had high volume and 0.00% change on the day....
Here's hoping for a penny.....
I hope so! I'm in for a nice chunk averaging at .0023, hopefully will get to that penny by 4/20. I know folks hope for more and more but I think a penny is reasonable. At some point in the future it's got to trade on more fundamentals and less speculation (as with all these weed otcs)
I do get concerned the volume is more dilution that isn't recorded yet vs pure trading interest. I imagine the folks in early early do want to sell a bit and get that first round of profits
Question, I hadn't thought about it, on 4/20 do companies in the industry historically make big announcements? Is it pretty much the 'big convention' for all of them, yes?
Question, I hadn't thought about it, on 4/20 do companies in the industry historically make big announcements? Is it pretty much the 'big convention' for all of them, yes?
X20 in 3 years is certainly not nothing.... folks in otc land get ahead of themselves on valuations and multiples, yeah it happens I get it for that first initial push. While it starts out on speculation and potential , it changing over to operating fundamentals once they start selling and reporting more consistently. $20 dollars, you really think this company can worth $10 billion in 3 years? No freaking way even if every single Starbucks is selling it they wouldn't be that high.
10 to 20 dollars.... lets not get ahead of ourselves. In three years if was .20 I'd be very happy.... Even $bux from lowest to highest isn't near that multiple and the market cap won't be in the billions.
Just as much sense as the reverse situation which we see all the time
Strange, I'm using Scottrade (I know not the best for OTC) but under PURA it's got two new news articles today two both mention ALKM. Under ALKM there is 'No new news' :(. One of the articles has the list of mentioned stocks and doesn't list ALKM even though it is clearly stated in the article . Sorry I'm on mobile and working so can't post like but anyone with Scottrade maybe check it out?
Anyone know why MCOA bid and ask spread seems much wider than most? E.g. $.0824 Ask $.0824 I'd expect Bid $.082 but it's $.0811! That's ridiculous. I don't see this big of spread in other stocks
Finally! It's freaking ridiculous the manipulation that goes on in otc land. I know I know it's part of the deal. But just looking at the trades, 10x buying to selling and not budge an inch.... I'm guessing the first 30 mil shares were a bit of dilution. It's gonna happen to pretty much all MJ stocks to some extent, can only hope for its within bounds of reason for getting a Start Up going.
Wow 20 mil shares and stuck at .002, let us go already! Such a wall....
It's right there in the trades , you can see it at 12:32 17 mil shares bought. It's in ihub , check the 'trades' tab
It's available right in ihub, and the stocks news tab.
I see someone posted they paid for some news, but where is the news? Pretty nice up tick today.
Which MJ stock are you referring to? I'd be interested in taking a look.
Again I do believe the truth is in between. Can this go up? Sure? Will it be based on anything other than hope? Not really. I made good money already as I was in at .002 and got out. So just house money now, certainly interested in other play you refer to..
Well, the truth is in between. Niostar is completely correct folks here are generally unable to understand what the filings are telling them. This is a highly risky investment. The timing of the 'hype' coinciding with the dumping of shares well isn't illegal, feels a bit unsettling. I don't believe there will be any buyouts anytime soon and things always take much longer than anyone would like.
That said, I don't see them, in any worse shape than most of these risky plays. So the risk is can they generate income, they do you win. They don't not so good.
He's not wrong, just added the shares given out from yesterday's 8-K filing, was 420 mil before and they disturbed out another 300+ mil , a lot starting 1/13 and at the beginning of this run. They put the shares immediately in the market for their profit. Part of the reason the volume is so high here lately. It's a typical way companies finance and early stages not necessarily a scam just reality of OTC stock. Long-term sure the company could go with you up just understand the risk you are taking here.
In order to be worth a dollar the company has to be evaluated at $721 million. So doubt that would happen. However it's reasonable if they can show progress and profit to be $.03-.05 in the short term and $.10-$.20 in the 1-2 years time frame
'Debt owed to investors' (not inspectors) sorry for the typo
Debt owed to inspectors was converted yes, but at the cost of dilution. The 52 million shares were issued at .0004 and immediately dumped on the market. So they collected about $5.18 mil and the O/S share count went up by 52 million. So investors got paid, not the public common shareholders. Not sure why that's hard to understand. I'm not saying 'scam' it is just of the basic ways to finance a company in its early stages. It can come off scammy but just a reality for otcs. Doesn't mean the stock won't go up a bunch in the long term. But just saying what happened...
My guess would be 'he' is a software program. :p
Who/What is BMAK? Thanks.
I'm very bullish here, and happy with my investment averaging .0021 so all good.
While speculation is great, the company will still need a path to profit eventually. I get these otc generally won't have good fundamentals, I've worked in Silicon Valley Start ups my whole life , I get it.
That said, reading the yellow posts, has the Mile High / Gridiron Patch launch as stated Q42016? I see the statements of trying to figure out how to monetize the core apps of the company but any updates since then?
Or just have to go a bit on faith? (Well I know we have too on some level)
I do like the companies charters for ethics, whistleblower , insider trading etc. available on the website. Sure anyone can call 'BS Scam' on those things however they lend to much easier legal liability if there ever is shenanigans.
Again outlook very positive, I appreciate Sleeks analysis, just hoping folks can lend info to 'why the company will be worth a billion and a couple years' vs just 'it's an MJ play!' Having been in Silicon Valley you can believe I've seen many many companies come and go...
Thanks,
PM
Regardless of current momentum and I'm happy with my investment so far, icing on the cake would be some nice news from the company. Don't like to go on too long without hearing anything and it's been a while.
True, he certainly has a set a trend for fast action. He'll probably have to settle in a little bit once an office but I don't imagine it's going to be that long.
But yeah the economics of weed long crossed the chasm so he's going to take advantage of it.
Oh I'm not losing sleep about trump and sessions. There were more raids under Obamas rule than ever and the industry continued to thrive.
Sessions simply can't afford to wage war on the public, the demand isn't changing so any gap in supply create more cartel money. So wage a war on the public using taxpayer to benefit cartels? Never happen.
The whole doomsday 'he could send a cease and desist letter to the states' lol the states would turn around the say 'kindly f- off'
So absolutely not worried about that. It was more speculation on the very short term effect on the market, it is a big event and people simply react in funny ways.
I'm not expecting any announcements for a bit though from his administration. They going to think a little first. Now I suppose the April law might not get renewed. But even then it doesn't matter, ok Sessions now you can spend money but still doesn't have any, and he he spends in unwisely Congress going to slash his budget to the core.
Cheers
How does anyone feel about the impending Trump inauguration on Friday impacting this stock? In some ways I feel like any major event that people perceive (real or not) can impact the market in a major way will make movement. So a set of folks think 'Trump will finally make a statement' that will change the MJ landscape. They get in before Friday, so stocks rise right before then and will pull back mid Thursday as the folks get shy, take profits etc .
Just like previous November. Long term is different but there has to be some 'effect' here.
So I'll throw in my guess for the week. A few ups and downs intraday each day but overall up. Sometime on Thursday peek somewhere .02-.05 and then pull back to close lower maybe end of week .01. After that continue to stair step up until April or major news for a new rush.
Thoughts?
Here's hoping for a new 52 wk high! ;)