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Just read the Q and you will see all you need to see. This sham has less than $35K in the bank (did any of you listen to this clown of a CEO claim in the last investor call that they were in "the best cash position of the company's history") as of June 30th, paid $60K and issued almost 3M shares of stock to the clowns from Whaxy which has not brought in a penny of revenue, increased payroll by almost $700K for the first 6 months of 2017 compared to 2016 and increased G&A expenses by almost $1.7M for the same time period ALL WHILE REVENUES DROPPED BY ALMOST 50%. THIS FRAUD OF A COMPANY IS LOSING HUNDREDS OF THOUSANDS OF DOLLARS PER MONTH. Who in their right mind would ever invest in this garbage? The CEO and Board should be fired and charged with mismanagement of shareholder funds and locked away with Madoff! Typical Dutchess deal and would love to find out how much money that crook Leighton walked away with while using these clowns as pawns for his toxic scheme. And you people wonder why I have advised you to stay away from this pig.
This chart is about to take a turn for the worse.
Real investors in real cannabis companies that attended a conference in Boston last week. Just look at this company's public financials, complete joke! What has Whaxy brought to the table? How much revenue does Odava currently have? Three people I spoke with last week from the Northwest never even heard of Odava and they own dispensaries in Oregon and Seattle.
The only technicals you should concern yourself with is the fact that I sense that something is fundamentally wrong with this company. They like to claim how they have raised millions of dollars from issuing low price paper that constantly hits the market and causing the price to constantly fall, have no revenue or sustainable business model, have consistently made mistake after mistake, make stupid acquisitions that bring nothing to the table (Whaxy was a bust and Odava will follow in the same path from what I hear) and probably have burned through any money they had in the bank by paying these same worthless employees that have no clue how to build a real business. They have no credible business to sell to either businesses or consumers and the pot fad has died out. Watch how this drops to the micro-pennies and they shut the doors and go back to living on the streets with the rest of the potheads in Colorado.
When a company constantly raises money by issuing low price paper and diluting the company multiple times a year, allows it stock to be promoted and has no business, technicals go out the door.
Technicals do not apply to scams like this.
The only thing to snif is the smell of trash that surrounds this company. Company has zero business, has done nothing but spend millions of dollars on worthless employees and technology that cannot produce any revenue.
Let me finish your sentence, "..is a sham!"
Probably a short covering due to the lack of volume. This company is a fraud!
There is no fear, rather the onion is being peeled back on this sham and the truth of what a farce this company and its management has turned out to be is surfacing. They have no business, unable to make any revenue, run by a bunch of inexperienced, unprofessional potheads with ZERO experience and now going to get their lunch handed to them in the markets as the word is out. CEO has done a great job at burning relationships, misleading investors and running the company into the ground.
Just sit back and wait. You can pick it up in the $.30's tomorrow.
Down another 5% today. Should be in the $0.30's tomorrow then hit an all-time low. My firm is going to send an attorney we know in Denver by their office just to see if there is any life there of if they are even in business. If I was a long shareholder, I would look into a shareholder suit against the CEO and Board for misappropriation of funds, the hiring of web promoters and overall negligence. Only way you will get your money out of this sham before they go under.
Nothing to learn from anyone who thinks this is a real company. Read my post, you could of rode this down from $1.50 down to these levels. Between a bunch of buffoons running the company, their immaterial acquisitions, constant dilution, relationship to Dutchess and Chardan, this had disaster written all over it.
Great support? You are 2 days away from $0.35
I would save some buying power for the upcoming lower prices...
Looks like it is "Trash Day"....
I have been nothing but spot odd regarding the trading of this pig and mismanagement of this company by its screwball of a CEO and telling me to "get a life" is nothing short of a cop out and submission to my facts. Get ready to average down in the $0.30's as it is time to front run the onslaught of paper about to hit the market! There is no news or promotional efforts that can window dress it this time. Game over...
Chart is pathetic. Not sure which one you are looking at and charts do not account for dilution. Do your math bud. Simple economics - supply and demand. Technicals do not apply when you involve a company in website promotion and toxic financings.
I'm sure! LOL This company has done nothing but disappoint investors and is a typical Dutchess deal that is a text book short play - no fundamentals, puppet of a CEO who is nothing but a shill for Leighton and crew, massive amounts of free trading paper issued to Dutchess and then they bring in the toxic financiers like Chardan and Maxim to join the selling in return for a few bucks thrown the company's way in an effort to portray that they are in good financial condition all while they liquidate their shares onto the investment public. Seen it a dozen times and short every deal they are involved in.
Betting against this trash of a company and it's idiotic management has been many people's treasure since the company went public! This company is a complete joke and is comprised of nothing but smoke and mirrors. They have no business, no revenue, no credibility, no Board, no seasoned management team, no sales, and no business being in business!
Investing in this company is a waste of money!
All while the stock moves lower and lower and the supply seems endless. One day you guys will learn that this company is the only sham to reference. They must of freed up paper for Dutchess or another scumbag financier, employee or board stock options or some zero cost paper as the recent supply is constant. A colleague of mine in Seattle said he ran into one of their former employees and said that the company is a shambles. No leadership, accountability, a worthless board and losing employees left and right, which may account for the falling stock price - probably an ex employee who knows that this pig has limited life and attempting to get something from his stock before they go out of business. I guess I cannot say "out of business" when they have never been "in business"!
Facts lie in the stock price - that's what markets are for... Read the filings, they make no money, have pissed through $15M+ on pothead conventions, frivolous travel and hiring of a bunch of junkies that do not have a clue how to make or run a revenue generating business. This is nothing more than a case study of what not to do when it comes to running a public company!
Assets? The have no assets. Bongs and dab devices are not considered assets. They have no technology and make ZERO revenue.
Let me save you some financial pain, the stock will continue to go down and go into the $0.20's. This is not a real company, they have no business and is run by a bunch of morons. Many people have uncovered what a scam this is and will not take their foot off the throat of this stock.
What do you think of the recent free fall?
My perspective has been spot on regarding the fate of this company and stock. Just look at how it is falling daily and they have ZERO fundamentals and have mismanaged every dollar they have raised by selling cheap paper to toxic firms and individuals. This clown of a CEO likes to bark about how much money they have raised but the real question is what was it spent on as they have nothing to show for it, no business or revenue and probably have less than $500K in the bank.
It is a warning sign of things to come. When are you guys going to learn that due to constant dilution and ZERO fundamentals, all combined with the fact that these potheads were nothing but shills for the Maxim/Dutchess stock machine, that this stock will do nothing but go down. Who in their right mind would buy this toxic company run by inexperience, immature, unprofessional, uneducated potheads?
Stock going back to the $0.30's and below. This joke of a company is nothing but a shell for Maxim, Dutchess and their band of stock thieves to rob from innocent shareholders that got duped into believing this sham of a business. Management should be fired and hung from the highest tree for playing along with those crooks.
Company would have an obligation to notify shareholders if this was true.
Best of luck but you did the right thing!
And instead it sinks further. Just watch how the breaks $0.50 once these clowns on the board start liquidating.
Unfortunately these clowns have no clue what they are doing. You will have plenty of supply to scoop up as they just issued 2.4M shares at $0.50 that will be hitting the market and it looks like 2 of their non-vested board members are about to liquidate some zero cost paper on the market. Just look at the recent S-4 filings. I heard this clown Keber cannot even run his own company and Seeb was another flop within the industry.
As stated a thousand times. This company has no business being public and is a complete sham.
How can they say in one sentence that they are in the best cash position ever, NEVER make a reference to whether they have any revenue and think it is acceptable to continue to sell stock for cash when they have proven that they have no clue how to make money or even have a business? How is Whaxy turning out for this company? How is attending conferences and have shareholder calls doing regarding reducing the excessive burn rate? Watch how this latest acquisition does nothing to the bottom line. All they know how to do is issue low priced paper to stock thieves like Chardan, Maxim, Dutchess and others and piss away the money on non-revenue related things. Complete joke. Volume is low for now as when these 2.4M+ plus get registered and into the hands of these crooks, they will all hit the market.
Considering I have been spot on regarding how this company is a sham due to its inability to make a dime, constantly raise money by issuing discounted paper and need to constantly promote the stock with web promoters and non-material news announcements, current and potential investors should appreciate my opinion on this sham. Why don't we go back on your post from last fall on what a great company you thought it was and look at the stock price then and look at it now.
Saw what? Just watch how these clowns play right into a shorts hands.
Appears to be an endless supply here. Whenever you see VNDM on the offer, you know there is a wall of paper in front of you.
What you fail to accept is that this company is all smoke and mirrors and has no substance. Their so-called "community" is grossly inflated and the number you should concern yourself with is "active everyday" users of the app - which is probably less than 5,000. Just look at how they are unable to make a PENNY of their community which you think is so valuable. They have done nothing but make mistake after mistake!
Or....The company paid for another web promotion. This company does not have any fundamentals and any general industry growth or positive news does not have an impact on their bottom line as they have a long history of failures, bad investments and inability to make a dime.