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From the looks of the stock price there is going to be a "failure to launch". He did not mention on his email that the launch is coming at the end of the month. IF that is the case, they need to set something NOW. They continue to LIE to us. They have delayed this launch so many times it is ridiculous. I cannot believe that people with the kind of resumes that they have can fail so miserably.
I listened to it, didn't sound like he was on. That is why they did not provide a link on Twitter, they didn't get any air time. Must not have paid the bill.
I wonder what happened to the BigBizShow interview that did early this month. Haven't seen any links and has not been posted. Maybe they ran out of cash.
they are really trying to hold this down. no matter how high it goes, $100 drops it back down. Technicals are out the window, now they need news and the launch for this to move.
A shiny dime somewhere else. Obviously a shareholder has an interest in another company, has some nice gains even at .50 and needs to get out. I know, I wouldn't put an ask that low below the next highest ask. You would have to look at a 50% bump minimum in your new holdings. With almost 2 million shares traded well above 40 over the last couple weeks, we are building a base much higher than where it was.
CDEL is in full control. Not sure how many shares they have but they have been the lowest ask for days.
CDEL is really trying. Looking at level 2 why would you put your ask at .50 when the next ask is at .6879. Put the bid at .67, don't know why, but they are trying everything to hold this down today. Wonder if they will run out of shares.
Why can you only do one post per day? There will be strong support at .50 going forward. When you look at the float and the volume of shares around that price, there are going to be far fewer shares on the ask below that level. I think they wanted to pull it down one last time before launch to load up. I am guessing they will announce the launch next Monday.
That I do not know.
David gave me this email response on the 13th. It sounds like this launch could break the technicals
Hi Mike-
Thanks for the email. As shareholders of the company, we too want to see success and higher market valuations of our company. That is why we announced a Private Placement Memorandum (PPM) to raise capital through equity rather than taking on convertible debt that eventually needs to be paid back at much higher terms - or heavily converted into the market. As you know, we retired every single convertible note (most of it inherited from Textmunication). If one note would have been converted into shares, our OS would be well north of 100M shares today.
We will be making announcements on our PPM success and the launch of our highly anticipated Cordial product line this month. Companies are public to raise capital. We have kept our OS/Float intact while paying off convertible debt and reengineering the capital structure of our company. Insiders receive equity grants once our market value exceeds $100M, so we are in this together.
Our new PPM investors are committed to our success. We have brought on several high-level investment bankers and influencers from the cannabis sector into our PPM. They want our equity (stock) instead of being paid off in cash. That alone should tell you where they think we are heading.
Going into our launch, we will be debt free with cash reserves - and the launch completely funded. We feel our actions support shareholder value.
Thanks for reaching out.
David Thielen
Chief Investment Officer
phone: (571) 888 0009
email: david@resonateblends.com
www.resonateblends.com
LOL They have an 8K for PPM's worth $3 mil. Accredited investors found by Boustead Securities on a fully reporting company...doubt it. However, they are not good at their jobs. They could have easily made that and more in revenues by now if they had launched the product when they did. Doesn't matter to me, I only have a $6k investment. With all the flipping I have done I could sell this a .05 and still make money
They need news, the technical charts just got really ugly.
We will find out over the next 4 weeks. They have continued to say that product launch is this month so I am going to assume they are serious this time. If they can give us an idea of contracts they have with sellers or pre sales or any kind of revenue in the first month, we will see where it goes. HOWEVER, the two future dumps will be January of 2022 when warrants are exercised and $2.61 when a ton of shares are given to management for the market cap bonus.
We will find out over the next 4 weeks. They have continued to say that product launch is this month so I am going to assume they are serious this time. If they can give us an idea of contracts they have with sellers or pre sales or any kind of revenue in the first month, we will see where it goes. HOWEVER, the two future dumps will be January of 2022 when warrants are exercised and $2.61 when a ton of shares are given to management for the market cap bonus.
CDEL and PUMA have really killed this one. I have always hated CDEL, but they are good at what they do.
You would think with all the delays in the launch by now the launch would be an insanely spectacular event because they have had SOOOOOOOOO much time to prepare. Looks like the shareholders think it will be a false start.
Buy on rumor sell on news, kind of surprised they sold before news. The PPM closing was pretty big along with the notes paid off, but I am shocked that they are not waiting on word of the launch. As I mentioned, if they have pre sales that launches quite well, there will be some pretty positive press. Did not sell very much over 70. Buying a little today because this stock does not do well on Fridays. I will be interested to see if they bring us any news on Monday.
I am sorry, but I cannot imagine they would not have a provision as being part of a PPM that would allow them to short before exercising the Warrant. Usually the PPM agreement has controls against any manipulation to the stock.
At least they have exercise restrictions as far as the date is concerned. They can't exercise the warrants right away.
They can't exercise the warrants right away. The price will all depend on the launch. IF THE FRIGGIN LAUNCH A DARN PRODUCT. If the launch is successful and they sell their units quickly, it will not go down to .30. The launch will show us if they have actually been working or sitting on their buts living off of PPM's. If they sell out quickly, then they actually have been doing something this year. However, it will be years before it is a $5 stock.
CDEL has been working this all day. This is what they do. When you see CDEL, CSTI, and GTSM working the Bid and Ask, timmmmmbbbbeeerrrr. However, management has made it pretty clear that they will announce the launch on March 31 at 11:59. I mean when you say a 1st quarter launch and you go this deep into first quarter, you might as well say the launch is at the start of the 2nd quarter.
You hit the nail on the head. I am amazed at how this ran with literally no one talking about it. There is about 5 of us on IHUB, probably the same number talking about it on Stocktwits. Almost no one on Twitter. If their launch goes well and they sell $1 million in product quickly, the technicals will mean nothing.
I had to. I would rather buy and hold but when management does what they did, you have to in order to keep your investment from being diluted with the increase in o/s. After the reverse split they had just under 5 million shares. they are up over 7 fold. Anyone that bought after the reverse has seen their investment dwindle.
Wrong. They told the shareholders they were launching a product, then delayed for a year. If they had told everyone that the launch would not be until 1st quarter 2021, they would have gone into trips. They lied and strung the shareholders along to keep investors. You don't know the parameters of the private placement. My guess is they got a better deal than the original shareholders. That is why I flip, loyalty means nothing to them.
The third choice is the best choice. That choice is when they launch the product when they say they will and pay off the notes with the revenues brought in by that product. That was supposed to happen.
PPM IS OVER! That is HUGE news. Now the O/S is going nowhere. No more reg d's, great sign as now they sound confident that after the launch, they will have enough revenues to support the company on its own. Moose, your dollar prediction could come true sooner than later.
Would not be surprised if we see another Reg D. That is the problem with PPM's, they can sell. With this kind of run and the millions of shares they were given, they can drop this and still make money. That is why I am worried about the spread at the end of the day. Ask was at .75 and you still had selling at .62. This is why I complain.
GTS Securities bought Cantor Fitzgerald. GTSM along with CSTI and CDEL are known for short selling on the big runs. They are not toxic diluters, as we know they can't do it with KOAN anyway, but when the three of them are together, they tend to short and shake out people that will capture their gains. Although it concerns me that they would do this so close to the product launch. I would think people would be taking their positions because their could be some serious news that would make this run. This much volume in one day this close to big news breaking within the next 2 weeks is concerning.
CDEL, GTSM and CSTI top bidders...not good.
great what price. You invested more money today than my original investment in this stock.
Well, it also broke the bollinger bands a few days ago. Hence why I buy on pullbacks. The .55's I bought today are already up. How much did you buy?
Besides, this is all CDEL doing this. Everyone else ended their asks over an hour ago.
Now the ask is .629
Isn't funny how quite everyone gets on the dips. This would not happen if they would tell us more about the launch. Fine, notes are paid off. However, could this selloff mean they have to wait another quarter for launch?
Yes, .5995, basically .60. So what is your point? I already bought .55's in my account, as I mentioned and I bought .615 in my Niece's account, as I mentioned. So at what price point did you buy today?
The ask is at .65, I never hit the ask.
I don't know about that. I had my order filled and just tried to do a buy in my niece's UGMA account. The best I could get is .615
WOW! to whomever sold, THANKS FOR THE .55's
Looks like CDEL and PUMA are trying to cause as sell off. Shares are held a little tight seeing that the launch is less than two weeks away. I have to pick some up on this little dip. I don't know why they are giving away shares at this price.
Nothing showing on the bid, yet a 7,000 share buy. NO ONE IS SHOWING THEIR BIDS! THEY NEED SHARES AND NO ONE IS SELLING!