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Totally agree on that. Remember that OW(P dove down to .003 before going to over $3 merely 2 months later. If there were any patient ones that made that whole trip, they made 1000x their money.
There were 2 of them. One was for $66k and they had already paid off $38k last quarter. The other was for $90k. I'm not sure how much of each of them were paid off as of yesterday. If they paid both of them off completely before now, then it's a moot point. We'll only know when they file something or announce it.
The good news is that there is no more convertible debt due this year and the company had already started paying off next year's notes in the last 10Q.
I'm so glad the new CEO is getting rid of all of this debt. These note holders seem like real scumbags. To clarify my previous point about the rush to .0051 earlier this week, right at the market open, there were light sells (150k) that dragged the PPS down from the previous close at .006 to the new low of .0051. Then the buy orders from the previous day appeared, including a 1M bid at .0058. I'm not sure if that constitutes as MM collusion, but it was extremely suspicious in the very least!
Possibly the last conversion of the year selling. Whatever was left on their note today converted at a 55% discount to the lowest price over the past 20 days, which was .0051 a few days ago that conveniently happened at market open before all of the bids got in. That would mean the remaining principal and interest on that note converted at .002295. Hopefully there wasn't much left, and hopefully the note holder will be gentle. Once they are done, we shouldn't have to deal with any more debt for the rest of 2017.
VNDM retreated after a 10k slap?! That just wreaks of attempted manipulation.
I asked Patrick about the remaining debt last week and he directed me to GRCK corporate. That tells me that either he doesn't know how to give the proper legal answer due to this being his first public company, or he isn't that involved in the company's daily finances. I'm leaning towards the latter, and based on our discussions, he's very much focused on the business development side of things.
MACD daily trend has changed to positive today after 8 days of negative!
We should see a slew of updates soon. We should see a Form 3 regarding shares for the new CMO. I imagine that we'll see a convertible debt update on Friday or early next week after the last CD conversion of the year happens on Dec 1. We could see an update on potential partnerships formed or CBD.co vendors added from MJBizCon. We could see an update on sales or a distribution network update. Now that dilution has slowed (or possibly stopped), it would be a great time for a catalyst.
WDCO is moving up on the bid and retreating on the ask. That’s def a good sign.
I don't think there is any reasoning with you. You created a straw man argument by switching to the term "legitimate companies" instead of what we were talking about with inventory or established companies. Again, if you're looking for established companies, look elsewhere. We haven't even gotten a 10-Q from this new company yet, so no, it is not an established company. Most of us are investing in the new management. That's all I have to say about that, so feel free to respond, but I'm done with this conversation.
Correct, that was last reported when the acquisition was first announced. That is a great amount for a brand new company on the OTC. If you're quibbling over $150k in inventory for a 1-month-old company on the OTC, then go invest in established companies like Apple or Amazon.
Selling at this price presents a lack of insight. What is your purpose here? Are you bored and decided to troll this board because you lost some money? Are you wanting cheap shares? You're not presenting any new information, just conjectures and scare tactics. Present some sort of factual data that this is a pump n dump and then we can start a real conversation. "There's dilution and the price is down" is something we all know on here, and that's part of the reason we're here accumulating. We're excited because the dilution is almost over, which we can back (and have already) with factual numbers. Some of us are excited because this is a real company with real products and real ambitions. Go talk with the CEO and you'll get a feel for where this company is headed. Go review the 10Q and you'll see what we see about the dilution. Go review the background of the new CMO and you'll understand what's going to happen with CBD.co over the next year. Or do none of the above and move on to the next play. I said good day sir.
Thanks for your contributions. Very insightful. Reminds me of Deep Thoughts, by Jack Handy... Good day sir.
It also shows that they didn't just sit in the hotel room and smoke pot for the duration of MJBizCon lol. They were actually getting quite a bit of business done and moving the company forward. Only good things coming in the future for $GRCK.
Actually, there is a 90 day "curing period" if they stay below .01 for 30 days. I don't think we'll have to worry about it, but from the OTCQB requirements (https://www.otcmarkets.com/content/doc/otcqb/standards.pdf) under section 4.1.b:
I agree with that as well. I grabbed more at .0062. I’m just sharing my findings. We’re only on lap 25 in the Indy 500. Almost forgot ... $GRCK to da moon!
Totally agree on that. There are 2 notes due on Dec 1, so it looks like a desperate attempt to push the price down before then. Combine that with some dilution and this is what you see. I wouldn’t be surprised if we see more shenanigans before Friday, but it should calm down some time after that.
There’s that cross trade. Maybe it will start moving now.
I've been chatting with Stiles over the past couples weeks, and he's a really sharp dude. Someone mentioned on here that he reminds them of Tim Ferris, and I totally agree. He knows how to build a brand, and I'm fully confident that he can build the Eqova brand into what we're thinking it will be. I wouldn't be surprised at all if they announced things like creative marketing strategies, a cbd.co app, etc. over the next year. To ... Da ... Moon. lol
Happy Thanksgiving $GRCK folks!
CFGN was the highest bid at close?!? What did I miss today? Friday could see some movement if they want shares bad enough or if WDCO jumps up on the bid like they did last week.
Many of us on here do appreciate you guys posting your insight on here. As with all info on the Internet, people just need to keep a level of discernment to determine what info they should ingest. In other words, if they are investing, they need to put their big boy pants on and make their own decisions.
Regarding the “math is not a skill in the age of the calculator,” show me the convertible debt function on a calculator that tracks all of the convertible trading. Pretty sure that doesn’t exist.
Haha, that's the ticket. I sent a message to the CEO seeing if there is any update on the debt, plus a few other questions about cbd.co that will be interesting to share if he is able to answer.
$GRCK TO DA MOOOON!
WDCO has been the axe the majority of the time, so I'm thinking we'll go to .005 since his/her/its bid is parked there unless he/she/it comes up. After we find that bottom, we'll be ready to test .008s and .01 again shortly after.
I expected to see some form 4s by now as well to confirm the purchases. The 8k from yesterday showed a minor stock transaction to a few of the execs. Maybe we will see more of those in the coming days.
CEO Update about MJBizCon results:
What I don’t understand is why someone would hang around a chat room on here and continue posting about how bad a company is if they have no skin in the game. Seems unproductive at best, deceitful at worst.
Why are you basing your investment decision on the 10q? All of the Eqova actions and transactions happened after the 10q period. Before Eqova, this was a failing company, as was seen in the 10q. After Eqova and the new CEO, this is a completely different company with a responsible leader that wants to extinguish the debt on the front end. He and the other leaders in the company are also acquiring more shares during this process, so they aren’t cashing out, but rather cashing in. Soon to be debt-free + actual products + hot industry = future success. Regardless of your decision, best of luck.
Anyone else notice that the insiders share counts have gone up pretty substantially between the 14A PRE on Nov 3 and the official 14A on Nov 15? These guys aren't using the stock as an ATM. THEY'RE STUFFING THE PIGGY BANK!
14A PRE (Nov 3) to DEF 14A (Nov 15):
Patrick Stiles - 30,965,526 -> 37,636,645 (21.5% increase)
Matthew Grabau - 21,295,806 -> 25,883,710 (21.5% increase)
William Bossung - 16,449,131 -> 19,299,175 (17.3% increase)
Fred Covely - 7,074,183 -> 7,736,476 (9.4% increase)
THESE GUYS KNOW WHAT'S COMING!!
I agree. I was hoping they would make a few social media posts at least, but if they are using the time effectively, I'm good with that instead.
Close to $27k on that T-Trade. I bet that happened when the MMs all backed off of .0085 late in the day. Either way, we're that much closer to dilution being done. Once we break out of this flag on the daily, we should see the true value of GRCK being realized and those who have been holding will see our accounts getting fatter over the next few months.
WDCO gets it. They got over a million shares today at 0.0085 - 6. They were also the ones that created the initial panic selling below .01. Stoopid retail be stoopid.
Here are Thoth's calculations: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136105223.
My guess is that most people are missing the debt clearing because the small statement about the efforts in Oct and Nov is not as visually profound as the listing of notes and most people are overlooking it. Only my 2 cents.
Look at all those big MMs waiting to eat up the scared sellers at .0085. If we don't get another wave of selling, I think they're going to start moving up.
WDCO scared the mess outta people by putting the ask at .0107 initially, selling ensued, and would you look at that: WDCO just bought a nice cache of shares at .0086. MM games to scare people out of their shares. Classic.
Flippers be flippin. That 500k that was at .0095 is now on the ask at .0105.
It's pretty unbelievable that you missed:
- The OTC Markets TA verified update over a week ago: https://www.otcmarkets.com/stock/GRCK/profile
- The sticky post on this forum (that has been constantly updated, thanks to KIR):
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136142944
- Numerous posts on this forum:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136168818
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136155972
- Thoth's awesome post going over the predicated convertibles left:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136105223
- Their company Twitter update:
This is correct! https://t.co/STSBjMKFe6
— GreyCloakTech (@GreyCloakTech) November 7, 2017
I can only imagine how many products they will get signed up to sell on their cbd.co site this week! MJBizExpo is the absolute BEST venue to be making this announcement at!
Nice! Same here, except I still require my degree to fund my account. I've only been trading for 2 years, so I still have a ways to go before I'm able to be self-sufficient. GRCK seems like a great company to invest in to get to full-time investing a bit quicker, but still a lot to learn.
Are you a software dev, or was that && just a typo?
People may be selling because of the report of the late 10-Q filing that came out today: https://ih.advfn.com/p.php?pid=nmona&article=76104450. My guess is that they want to squash the debt before filing, but that's just a guess.