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Yeah I agree. But it would take an mm accepting a limit order on the ask and not having a spread to make money on. They'd rather sell on the 5th and 6th decimal to a market order and cover the ask
Yeah it's pure manipulation. Market orders are rare on pinks so if the mms keep on the bid/ask they can kinda box out bigger buyers
Can somebody get on the bid?
Also means nobody sold!
We hit .01 on Monday in the morning before forming the bearish engulfing candlestick and bullishly reversing yesterday on a piercing line
We tickled a penny yesterday morning.. then mms walked it back down
Nice close
FDA approval is a monumental step forward for any company/product. Buyout speculation should already be considered now that there is a product fully ready to take to market
Geeze fink- thanks for the brain dump. Takes a brave soul to be that candid.
I can't help but sense frustration; I hope it's just anxst.
Good luck today
Party didn't end. It's the mms manipulating based on generic trading fundamentals. We may pull back a little more tomorrow but when the news comes in from Dubai on Wednesday, anyone on the sell side will be left envious of those more patient
To all sellers: thanks for leaving!
Now the drop makes sense. Congrats on the profit. You're missing the big leg but I can't blame you.
Good luck going forward
Yeah this is just a little shake down before the next leg up. Hold strong everyone, don't dump
A buyout typically appraises at the industry standard of 10x forward earnings. So if we assume a 10% market share on a $10B industry then we value at $10B spread over 1.5B shares is about $6.67/sh
Thanks for the very thorough research and analysis, fink, you're an excellent asset to this board.
That's awesome irrefutable evidence!! This is the real deal. I am amped up about this one
Yeah. If you're not in, sub pennies are running out. Ask is super thin going up
That is some promising info!!
Fink, your profile picture is incredibly distracting
That's heavy dude. Good luck with all of that.
If they capture 10% market share and we valuate them at 10x earnings (conservative) then they're a $10B company and this stock is worth dollars per share over cents
Trading just like I expected. Still need to finish testing 44 then it's off to the races again
Well said. Don't be a prick for a tick, my friends and I always say to each other
Yeah my bad, I meant Morocco. Dubai isn't until next month.
Thanks Fox! This is a huge competitive edge for Medifirst products over the rest. Today's conference in Dubai should be a huge bolster to the company's future success
Thanks Horus, good analysis and I like your outlook more.
Good luck today!
Good observation. I try to loosely apply the boiler-plate traders analysis to keep me from getting too rosy or dovish on any one play.
Good banter here; I'm excited to see the action today.
RSI and MACD point at slightly over bought. Strong hands will win
So today was a good consolidation day. Fundamental trading analysis tells us this long legged doji could mean a near term reversal. Watch for the continued pull back tomorrow to test lower limits .0053 and even .0044. Still looks like a mid term buy given the speculation of new orders and the recent FDA approval.
Just my humble opinion
Yup yup yup; slingshot is loaded now
There hasn't been an increase in OS/AS in years and this thing was hanging out over a penny with less going for it.
Looks promising
This thing is light huh? Wow super low valuation. Genetic standards are 10x earnings potential and these guys are easily worth projecting 10x where they're at.
Beautiful share structure, thanks for posting that for us.
Go MFST!
News of legalization in California for recreational use. But everyone forgets that cbis is a biotech research company that can't apply for FDA approval unless they continue NOT to sell or generate revenues on cannabis and if the us govt removes marijuana from being a schedule 1 drug which will never happen because big pharma has way too much to lose from that and way too much money to make sure it doesn't happen
The aptly named Kane
Great share, lucky, not enough is publicly said about the benefits of MM over just about all other options we are using. Mostly this is because of the money big pharma has and uses to beat down these low cost solutions to their expensive designer addictive drugs. They make more money treating us than they do curing us. Hopefully a company like cbis can help turn the tides on this corruption.
Also, I noticed you mentioned being a veteran; thank you for your service.
Most all marijuana companies listed as penny stocks aren't actually marijuana companies. They're shells with bullshit press releases and cooked books
Haha. So are we being slaughtered or fed? And if we are being fed.. Who are we being fed too?
That's the useless lawyer
He's late cuz he doesn't want to post bad news when he's priming to take a trump all over cbis shareholders
Not yet. That's what tomorrow's ex date apparently is. But they still haven't announced the pay date (assuming this will work the same as the intended dividends)
They have two historical dividends to honor as well, the oldest is a 1 for every 10 as of 12/31/10 and the last is a 1 for 30 as of 10/15/15?ish? And so I would imagine tomorrow's ex date to be more like 1 for 30.
This is not a reverse split; it's a dividend issuance