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Awesome!...that makes sense. I also agree with your second piece of advice.
As always I appreciate the investment advice.
I know when shorters are wrong everyone says it's a good thing for those that are long. Can you explain that to me? Obviously they gain if the stock falls and they lose if the stock gains. But how does it make it a win for longs? I assume their exiting their position boosts the share price...but if we are long isnt it just a tentative boost until they are gone?
Knife, burned out yet from all your recent research and analysis...not just on this forum? To anyone who believes in this company shorting it does not make sense...however, the only reasons why I can see someone shorting this stock is, one, hedging their bets that, like the last time, the bill wont be passed by the Governor -- I know this time is different including terms of the bill. Two, when the bill is signed into law, the assumption that dilution will be needed to raise the funds to complete/close its acquisitions. And finally, since the companies focus will be on integration, their consultation company will take a hit financially.
I add like you do but I am no where near 10K. I started this not so long ago as a fun money investment. At the time I didn't realize how 'invested' (not necessarily money) that it would cause me to be.
Honestly, I probably should have figured it...considering 'research overload' and my competitive nature were two of the main reasons I quit fantasy football...This has reopened that can of worms.
Since then I have invested about 5 times the amount (across my entire portfolio) that I initially planned on investing...but at the same time it is hard not to add more when you are confident in a company and believe in their direction.
I have obviously made some mistakes because when I first started I didn't really have a game plan. That has since changed.
If my investments turn sour then you will probably find me in an Investors Anonymous meeting.
I dont know if I am supposed to thank you...or hate you.
I still have the ability to avg down...but I added to another position yesterday figuring I had some time left to add under $1...
It's a double edged sword. I want it signed because I expect good things to happen once it does...but the delay is providing additional time to add more when I can.
Anyone in Colorado? If so stop by the Governors and drop off a box of pens because his must have run outta ink.
I wasnt bashing...just an observation. I am mad that it turned out to be right, but happy because I was able to pick up some more 'cheap' shares.
In addition, they are on the OTC Market and most institutional investors are skeptical, at best, when considering an OTC stock investment.
Thanks.
Future, I've been meaning to as you. Did you end up celebrating 420 with MMDenver? If so, how did it go? Did you meet or talk to anyone from the executive staff?
Knife, lucky you. I sat at 3.27 for almost an hour...eventually moved it to 3.35, when the ask was 3.30, and sat there for 25 or 30 mins. Thankfully at 4pm my transaction went through at 3.33.
Thanks for the laugh!
Andy did not. He talked about the cost, testing and independent testing. I know Joe mentioned something in his presentation at the conference. I didn't realize it was years though. On an unrelated note, and just wondering...not sure if or how this may come into play, but did you see that ChineseInvestors (CIIX) and MDCL have significant history? Someone brought this up on the forum back in 2017. I wonder if something will happen down the line between the two.
I am trying to remember what Andy said and get a general feel for the timeline he assumed. I think you might be right regarding the Medpharm and independent study piece. I pulled this from the FDA webpage. I would think they would qualify for priority review designation:
Standard Review is applied to a drug that offers at most, only minor improvement over existing marketed therapies. The 2002 amendments to PDUFA set a 10 month goal for a standard review.
Priority Review designation is given to drugs that offer major advances in treatment, or provide a treatment where none existed. The goal for completing a Priority Review is six months.
Not to play devils advocate...because you're right, it would be awesome and a total game changer, but R&D is a very long and expensive process...and that is without the additional funds required to seek FDA approval. If they go decide to go that route, and I sure hope they do (I had a grandmother that suffered from Alzheimer's...not to mention several elderly friends), patience is necessary. Fortunately, unlike most pharmaceutical companies, MDCL has other avenues, including other Medpharm products, that will generate revenue to help offset the cost and/or unnecessary dilution.
Sorry it isnt working for you. I just tried it again. I went to wallstreetreporter.com and searched for medicine man technologies and it loaded/played with no issues.
Thanks IP. It sounds like we should have plenty of opportunities until the completion in Feb 2020. Obviously stocks go up and down...but I figure that there will be pops with news, whether it be Bill related or acquisition, as well as dips when money is needed to complete the transactions.
It is crazy though, they always talked about how Brett was heavily involved in the Development of the cannabis industry in the U.S but I spent the last few hours just reading/researching his name just keeps popping up...and where you find him you also realize how integrated Andy is, if not also mentioned.
Patience is key.
Absolutely awesome "im"erview...abvious typo. A little bit of what we know and a lot of Andy's future expectations and overall goals for MDCL. Obviously the acquisitions of Medpharm and MM Denver...his expectations on wrapping them up by Feb 2020. Some thoughts and goals regarding Medpharms Altzheimer and Dimentia tincture...that he would like to develop into a drug. His hope of also acquiring a Columbia company that was a process Medpharm initiated...while at the same time expand and acquire others, as deemed fit (and welcomes a pharmaceutical partner). Finally he talked about wanting to stay profitable throughout the entire process and his intentions on limiting dilution. He was very honest, as always, and also admitted that there will be an expense period to finance the upcoming major acquisitions.
I agree. I had an email conversation with Chris at end of May/early April. I left with the same feeling and have been adding to my position when I can and while they are cheap. Right now any add helps me cost average down.
Oh no, getting close to the under $5 mark...expect some type of news to pump the stock back up. SSDD.
Dang, 20M in share volume today including a 2.25M buy near the end of the day. I just hope this stock doesnt play out like most of the others that I am in. They run up a few days before their earns report and then fall right back to earth the second the report ends. I know I know KGKG is different. Yes, I am aware of all the effort and progress the company and shareholders have accomplished...but I have seen this same result with a company that had 9M in revenue last year and made the announcement that, with upcoming acquisitions, next years revenue should be 40M. A day later the stock fell 20%. Plus, didnt this happen with this last quarterly report? This is starting to feel like deja vu.
It's getting to be a good time to buy back in. Pied, check out MDCL. They are like the central U.S. version of MRMD...but soon to be a little more than just consulting.
Wow! Thanks...that's honest and ballsy...and I appreciate it. Could I see that happening, I would hope not...but in truth I would be fooling myself if I said nothing concerns me about this company. At the last conference they talked about Nevada and Massachusetts. Next they broadcast their 1 million in sales in one month between the two locations. Then they release their 4/20 sales along with the revenue from those sales. If everything is going SOOO well why the convertible debtiture? It is not a small number either. $0.04...I figured more like between $0.10 and $0.15...but that was pure guess. They NEVER talked about their future plans or the need for the money. That's a red flag in my book and what makes me uncomfortable about this company. Plus, in addition to the US, they are also listed on a Canadian exchange. What is happening with shareholder dollars? What's the plan?
MDCL has been on a run for the last month and a half. A bill is waiting for the Colorado Governor to sign...gonna happen any day now...that could turn this company from a 9.4M in revenue last year to a 40M in revenue by 2020.
Thanks DD. Anything said about listing on a Canadian exchange. I know it was something he didnt entirely rule out when asked in an interview. I had to exit the webcast early due to business. How long did the Q&A last? Any other good questions asked/answered?
Solid shout out to the shareholders at the end of that document!
I am on the webcast as well but trying to listen between items as work. I heard some ask if they were going to "uplist" I am assuming that the question was regarding the NYSE or NASDAQ...which ANYONE who does research should already know the answer. Did anyone ask if they planned on adding shares (I would surely hope not) and/or listing on one of the Canadian stock exchanges?
Great! I am glad that it was a win for both of us. Within 20 minutes of moving the funds I was able to make up the difference and then some. I plan on buying back in sometime down the line.
I pulled the plug yesterday, took the loss and moved it into another investment. I still think that this company will succeed but I also think that there will be several buy-in opportunities presented in the future.
So what time of the day should we expect to hear that the Governor signed the bill? I assume that is why they rescheduled the end of year financial update.
The only Vegas pot company that I know is Oasis Cannabis...which is run by CLS Holdings USA. They also have a site outside of the Boston area.
i sound like your buddy. let me know if he finds a way to rewind time.
it is times like this where i feel like a fool. i expected this news to come out tomorrow, figuring that would be when the governor signs. sat at 3.07 hoping it would drop. i am really regretting that 2 cent difference right now.
And instantly the stock popped from 3.09 to 3.37.
I am with you...makes no sense.
Also, it's $8500/month...and the ridiculous thing is another competitor in the space saw their stock jump 25% when they hired one person to their board of directors as well as made the comment of the 'expectation of appointing an advisory board'. Meanwhile LXRP receives an R&D investment from Altria, hires a marketing firm, signs a beverage licensing deal and appoints an advisory board...and we continue to see red.
SuperDB, I dont think that applies anymore. I read an old article, probably around the same date as you the one you posted, linking KGKG and SIPC to the hemp supplier GRCU. I was uncomfortable about GRCU as a business. I questioned this forum back in January and this was the reply I received:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146246773