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Should be an interesting week. I wasn't here for the sub pennies, but I'm sure people were saying it'd never hold its gains when it left there, and it's held and consolidated for months, ready now for higher highs and higher lows. I've been look at taking positions in a few other Canadian companies as well, "competitors" as some are calling them. The people saying Cen Biotech will have twelve companies to compete with are underestimating how unbalanced the supply and demand currently are in Canada. There's plenty of room for a whole bowl full of companies to absolutely kill it in Canada. This is just one of the more doubted companies with their hat in the ring right now, which is to say that its shares are selling at a discounted rate :)
Still, it's much harder to gain trust after losing it the first time. What needs to be changed is that investors still remember how easily this can fall more than readily than how easily it can run.
We won't get up to $18 unless they do something to get people excited again, it'll be a tough road after what's happened.
They usually do lag a day ahead or behind a reversal, but I think their algorithms are pretty conservative in regards to how safe a chart is looking. It's an interesting site, I'd love to know how the algorithms work.
I see where you're coming from, investing is often a question of if the glass is half empty or half full, and we're just seeing the glass differently. I won't argue that there isn't downside here, there always is, but so far FITX has shown to follow through with their plans in their PRs, and the time frame, after being delayed, is now on track with what Bill's been saying the past couple months. Plus, their board is starting to look very impressive.
I don't think this is baked into the pps. With their license, the money won't need to come from more dilution. They'll start growing in building #1, and they'll be using revenues to expand, which is why it'll be a slow process, and why Bill is looking at a five year plan right now.
This is a very different case. This is my take on it: FITX couldn't possibly have anymore exposure. Behind GWP*, it's the most widely seen stock in the sector. A lot of people are betting that the license won't happen, or are standing on the sidelines until they get it. There is a general consensus that this stock is dead money until the license comes. So, when that license comes, it'll make heads spin. From my DD, I'm confident the license will happen, so I'm holding tight here to avoid the premium that'll come with waiting for news.
Awesome. It'd be really cool to at least see a Coming Soon page or something next week.
Maybe IGU did have some contacts and contracts in the works, and IGA pulled a bait and switch: Offer IGU 85 million shares of the company in a deal that gets terminated, then get their clients and ideas via DeWitt instead for 10 million shares instead.
Approximately 20.5 million dollars for three years of work? Yeah, that might be a bit excessive.
Very interesting. In the video, I heard somebody (Coleridge, or somebody else on his team, can't remember who, but it was the guy that was talking about the vaporizer company with Moreno) say that they would be able to through "another million" into the IGU plans if things were going well. Makes me believe these guys do have some money saved up, but it would make me feel a lot better if the guys supplying the funding were also holding shares.
Cramer loves this sector, he's just been a bit nervous to talk about it lately. If Cramer doesn't own some STEV, ya better believe that ol' Todd Harrison does.
Yes! It has become safe again to discuss the Vegas trip! Never been to Vegas before, let's do this!
I've used GoDaddy before to host a page that I built myself (it wasn't a great site, haha, but I wanted to learn a bit of web design), they can handle a good deal of traffic, and I'm sure they're just being used as the host and George's team has built a fantastic site with their own tools. Very excited here, I've been disproportionately excited about this website.
Haha, American Bulls kept reading as "Stay In Cash", and I kept thinking "silly American Bulls, there's no way it goes even lower", but then of course it kept going lower, so I just kept accumulating. Always fun to try and beat that site. I've always wanted to take a small part of my portfolio and follow the site's calls to the T to see what would happen. It makes me happy that we've finally satisfied their algorithms, and, to people watching on the sidelines, I know a "Buy" signal from them can be a nice catalyst for us.
Oh, I was only worried for a split second. Fears eased when I attempted to buy the domain and they said it was taken, fear turned to excitement very fast. Came to a similar conclusion you came to, although I wasn't sure if they were testing it in China, or if they were in the process of moving the back end to a new host that could handle their traffic better. Either way, BOOM!
I was going to post this, but ran out of free posts! I was initially worried when I saw the GoDaddy page, thought they'd lost the domain, but I tried to buy it and, rest assured, it's still taken. Launch is imminent!
He's absolutely right. If this stock gaps up 100%, I will eat my shoe. Temper your expectations. As a long, I would actually be scared if we gapped up eight cents. Something would definitely not be right.
Now, eight cents over the next month... that's doable!
We might not end green today. If not, no biggie. When something's about to come to fruition is when people get the most nervous. Just wait until we start getting pictures of the grow op construction inside the building...
I can't prove you wrong on this, nobody can, and I'm sure that's why it's such an attractive argument to bring up on here. But if this project isn't real, Bill is going straight to jail. The DD and the amount of work Bill has put into this project makes me believe this isn't some massive share selling scam. I started accumulating a week ago, and, if it drops, I'll accumulate more. I'd have paid a lot more for my shares if it weren't for people doubting this company, so... thank you.
bid/ask looks like an uptick is imminent...
My average is... let's see... .165
CBD is what I think they've got their eyes on with Hemp Technologies :) But, hemp fabrics and building materials... not a bad thing to be quietly working on for the future, either.
The houses are cool, but I don't think FITX acquired this company and agreed to pay the executives for five years solely for the hemp houses.
Oh okay, thanks eelfland, I forgot that the company has been lying through their teeth in interviews/photographs of their patents, but yet somehow you've got the inside track to the truth with them.
Why? Look at the rest of the sector. FITX did MUCH better than the rest of the sector throughout April, many big names are much further behind in recovery. 5% down? 3% down? In this sector, that is neutral day. I'd even wager that it's a fantastic day considering how some other fantastic companies are doing. Don't get blindsided by retail action here, we won't be moving into the .2's off of retail. It'll be the whales that'll move this ship, and it's smart be in here when they come swimming over.
When debating valuation/market cap, everybody's been concentrating mainly on their grow operations in Canada, but I think we'd be missing out on a lot of potential revenues if we didn't factor in their hemp acquisition. Supposedly, Sam was even more excited about this acquisition than he was about the Cen Biotech marijuana grow operation. Here's a great article, and, personally, I think this is a billion dollar company in a few years, and, when we factor in the patents owned by FITX, the sky is the limit folks.
http://www.stuff.co.nz/business/industries/9835941/House-made-of-hemp
Well done with sticking through the mess, folks! Great Friday, here!
They could receive deficiencies after their application is approved. I hope people don't panic over that, because it's completely normal. If that happens, and people do panic, that'd be a great buying opportunity. Because Bill's getting this license. Wouldn't bet against the guy.
Putting in higher lows throughout the day, looking good for power hour here!
Sam has worked out a cyclical growing cycle, and I believe the plan is to harvest once every thirty days. But of course each harvest would be a fraction of the total plants growing at any given time. Still, they plan to be efficient with their space.
We could see some more heavy volatility, always possible with this kind of float, but I would be VERY shocked if we saw .10, and somewhat shocked if we don't see many strong green days before we face any blood again.
Very, very glad I added at .118 and .1281. Probably wouldn't have without the awesome work of this board.
Wait until a lot of companies are bumped off the otcqb before announcing that you're joining... makes yourself look pretty good :)
That's what I'm finding also.
Looking fantastic on our consolidation, ya'll! If we hold .085, and put in a higher low at close today, we're tightening the springs very well for a hop upward! If we get news on uplisting to the OTCQB, we'll be riding on a rocket.
Whew, it sure makes your losses go away faster if you double down at the bottom!
Oh yeah, EOD yesterday was a nice surprise, I just use Scottrade and, with very little volume, it'll just show yesterday's chart in a purple line, which, in this environment, makes me think there's a halt haha.
I thought this was halted when I first looked at it. Then I saw the price drop and realized "ah, phew, it's just VKMLD being VKMLD."
Haha, I wish so hard that there was an edit button on here. Looks like we're putting in higher lows, go FITX!