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gymula, I wouldn't concern myself about this rumor.
As you can see from the previous posts (#5768 and #5769) knowledgeable investors here do not taking it seriously.
OWESOME!
Thank you for your reasoning 136! Great post!
I don't want to bother.
If you believe that it's going to be a reverse split, please sell your shares at the bid. I'm waiting to add more.
Nice to see intelligent and knowledgeable posters here, who have done their DD.
lowman, your post makes total sense.
MODS, PLEASE PUT A STICKY NOTE on this one:
LYONS POST #12977
"CFO BUYS 31,000 shares at 15.5 cents !!!!!!!!!!!!!!!!!!!!!"
They've been shorting non-stop, while insiders have been buying.
They're in trouble now already. One can see it even without today's data:
Historical Short Selling Data For NHMD
Nov 21 39.10% NA NA NA 409,025 1,046,101
Nov 20 73.19% NA NA NA 458,381 626,248
Nov 19 51.77% NA NA NA 540,791 1,044,562
Nov 18 48.39% NA NA NA 1,334,635 2,757,835
Nov 17 18.93% NA NA NA 544,675 2,876,672
Nov 14 38.51% NA NA NA 1,054,855 2,738,854
Nov 13 45.78% NA NA NA 808,138 1,765,314
Nov 12 49.63% NA NA NA 360,458 726,269
Nov 11 31.33% NA NA NA 611,955 1,953,004
Nov 10 32.54% NA NA NA 1,175,401 3,612,585
Nov 07 36.33% NA NA NA 1,349,595 3,714,475
Nov 06 28.27% NA NA NA 713,837 2,525,324
Nov 05 52.78% NA NA NA 544,597 1,031,897
Nov 04 50.61% NA NA NA 1,187,874 2,347,194
Nov 03 70.89% NA NA NA 677,736 955,991
Oct 31 70.42% NA NA NA 663,749 942,507
Nov 03,04 and 20th SHORTED VOLUME was OVER 70%!
Nov 3 the pps was 0.0370 and Nov 4 - 0.0445
I feel sorry for those who have followed their lead.
Technically it's a very good sign that we closed at the support level - 0.122, in spite of all shots efforts.
Yes, they put a disclaimer "in the next 72 hours" and most likely short the stock the second after they press that "post" button.
In many instances they have been putting a tiny type disclaimer that they already have a short position in hope that most would not read the small type. Lately longs have exposed them by quoting these short positions disclaimers in large block type.
True, no doubt about it. Those, who have followed it most of the time are paying a heavy price - shorting and loosing $$.
Now we've got a few clues from Paul T. Wylie, CEO of Med Can Marijuana Inc:
"...there are going to be some major changes that at this time I am not at liberty to say. I can say this it will be to all the investors best interest. The train was slow getting out of the station but it gave me time to see the bottlenecks and now to do something about the problems.
Until we get all the legal issues sorted out I think we'll leave the site down until we can come out with rapid fire announcements that will turn heads!"
http://medcanmarijuana.com/
Interesting. The current bid is real, but the 2.2M ask is not. Nobody, who really wants to sell would never flash such high ask. Usually it's mm/short that are flashing a beg number on the ask. It's done to scare inexperienced to sell.
I'm putting 2 and 2 together:
- The last two short reports are indicating THE LOWEST EVER SHORTED VOLUME for two consecutive periods 7% and 10% (in the past the shorted volume has been much higher:
Nov 04 32.08% NA NA NA 1,562,282 4,869,820
Nov 03 25.43% NA NA NA 571,067 2,245,369
Oct 31 35.00% NA NA NA 422,700 1,207,670
Oct 30 18.15% NA NA NA 604,158 3,327,982
Oct 29 23.40% NA NA NA 1,319,190 5,637,026
Oct 28 40.33% NA NA NA 6,294,189 15,605,982
Oct 27 38.00% NA NA NA 7,658,890 20,154,225
Since Nov 10 the shorted volume has been declining.
- Now we see 2.2M shares on the ask. They're resorting to their well known trick to scare longs into selling, so they could cover at the lower pps just before the news.
Usually when someone is trying to buy at their ask, they immediately take it down.
We'll see what will happen this time.
THE SMALL FLOAT IS A BIG PLUS. This is what happened a month ago, just on the rumor that the news are coming, without any clues from the company:
10/22 the price went up from $0.0025 to $0.0046 on 4M volume
10/23 V 21M x $0.0084
10/24 V 10M x $0.009
10/27 V 21M x $0.018
Small float, but A HIGH VOLUME.
Hi Johnie, have you received any responses?
FRIDAY's AFTERNOON CO's UPDATE:
Nate’s Food Co. Announces Orders Have Begun Being Shipped and Update on Grocery Placement
Nate’s Food Co. (OTC: NHMD) announced today that it has begun shipping orders that were purchased this week. The Company has sold approximately 10,000 cans of Nate’s Pancakes.
The Company is meeting with its master food broker next week. The Company expects to get additional information regarding where the product will be roll-out initially and the size of the initial order.
About Nate’s Food Co.
Nate’s Homemade pancake and waffle batter are a ready-to-use, pre-mixed pancake and waffle batter delivered in a pressurized can. Our pre-made batter makes light and airy pancakes or waffles that are fun for the entire family to make together, and are a great way to start your day. With no preparation and no clean-up, we’ve made making breakfast easier for your busy mornings.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual and interim reports.
Contacts:
Nate’s Food Co.
Nate Steck
(661) 418-7842
info@nhmd.net
Nate’s Food Co.
Nate Steck, (661) 418-7842
info@nhmd.net
http://ih.advfn.com/p.php?pid=nmona&article=64525223
I see... Now I understand where you got your super creative gene. It's amazing what you can do practically without any formal training.
I would suggest to make a "fake" video by morphing your creations one into another and post it on the uTube. I'm sure you'd get a lot of hits. It would be a fabulous promotion for Nate's pancakes.
WOW! I love the Paris still life and background! FABULOUS!
I hope you're sending them to Nate's marketing guy. The ad agencies would charge a lot for such original ideas and they may not be as good.
lennya your frustration is understandable.
I used to manage a marketing group in a Fortune 100 Co and know that you may think that everything is done, but the legal would still nitpicking and make more changes. In this case there are probably multiple companies involved i.e. multiple lawyers, so it takes time.
Personally I don't mind. At this point I clearly see that the things are moving in the right direction and I just have some extra time to accumulate.
ONE MORE DETAIL FROM MR. WYLIE's MESSAGE:
"it gave me time to see the bottlenecks and now to do something about the problems."
Do you remember this statement:
"Under the terms of the Distributor program, Megola will provide all necessary training and product support for their Physical Water Treatment that will enable new distributor's immediate penetration into all markets. Through Megola's new web site, an exclusive online support system for its distributors will provide them secure and private access to product documentation, marketing material and technical information."
http://finance.yahoo.com/news/megola-inc-announces-introduction-national-123000332.html
What it means to me is: they're expecting big demand from RESELLERS that would create BOTTLENECKS, if the right steps are not going to be taken now.
My guess is that the number of the distributers who in selling Megola's products is now reached a critical mass and the system has to be automated.
YES, I DO SEE THAT THE NEWS ARE COMING:
"I can say this it will be to all the investors best interest. The train was slow getting out of the station but it gave me time to see the bottlenecks and now to do something about the problems.
Until we get all the legal issues sorted out I think we'll leave the site down until we can come out with rapid fire announcements that will turn heads!"
Looking forward to see more of your original, clever, beautiful and very entertaining ideas!
All excellent and fresh PROMO IDEAS!!!
Hi Veets. You brought up a good point: "I hope they are working on how they will implement their marketing, sales, and distribution structure once all this becomes a go."
It looks like exactly what Mr. Wylie has been working on:
"The train was slow getting out of the station but it gave me time to see the bottlenecks and now to do something about the problems."
OUR PATIENCE IS GOING TO BE REWARDED!
My gut tells me: "buy as much as you can" :)
Good to see you here Charlie!
Message from Paul Wylie.
I've emailed to Paul a couple hours ago and didn't have much hope to get a reply, but here it is.
xxxx, there are going to be some major changes that at this time I am not at liberty to say. I can say this it will be to all the investors best interest. The train was slow getting out of the station but it gave me time to see the bottlenecks and now to do something about the problems.
Until we get all the legal issues sorted out I think we'll leave the site down until we can come out with rapid fire announcements that will turn heads!
I will keep you in the loop.
Best,
Paul
Thank you Tree Rollins. I may be wrong, but I have a strong feeling we're going to make a lot of $$ investing in this co.
They don't print fluffy PRs, but once we'll see the next one, it should be a very important one.
I think this is a lame reason. Those who are not acting now may regret soon.
It would be hard to place a trade when the volume will go up crazy and the pps goes up every second.
This is what happened a month ago, just on the rumor that the news are coming, without any clues from the company:
10/22 the price went up from $0.0025 to $0.0046 on 4M volume
10/23 V 21M x $0.0084
10/24 V 10M x $0.009
10/27 V 21M x $0.018
If you can't buy on line, you can call in and place an order. Etrade will charge you the same commission as on line. At least that is what those who have etrade posted.
Easy to find out. Please let us know.
My broker is Fidelity. No problem there. I can buy unlimited number of shares for $7.95.
According to email from Green Relief, they're already asked for the inspection ANY TIME AFTER JANUARY 15th.
See info on previous posts.
I agree with you wallstreet.
This time on the factual news it may go way above $0.20.
BTW pps went up to $0.19c this year in May of 2014.
Now the pps is dirt cheap. I don't think you have too much time to be accumulating. My guess it may be at the maximum a few days. In the mean time the ask and the bid IMO are going to go higher every day in the anticipation of the news.
Even the smart shorts have stopped shorting.
The shorting volume used to be 40% and higher. For the past reporting it was the lowest:
Nov 20 10.25% NA NA NA 50,000 488,004
Nov 17 7.05% NA NA NA 50,000 709,500
Looks like only a couple fools have still shorted some shares.
Off course it's all my own speculations. Everyone have to make their own conclusions. I put my $$ where my mouth is. Cheers!
It's a BIG CHANGE, which is about to become a HUGE ONE!
Thanks for discovering this one MONEYMADE!
Keep in mind that just last May the stock went up to $0.16 cents only on the announcement of Letter of Intent. Now this intent is about to become a reality - make a best guess of how high the pps will fly up after the news.
Here is that PR that skyrocketed the pps :
http://finance.yahoo.com/news/megola-inc-explodes-onto-medical-151000722.html
Megola Inc. Explodes Onto Medical Marijuana Stock Index
MISSISSAUGA, ON--(Marketwired - Apr 29, 2014) - Megola Inc. (OTC Pink: MGON) (PINKSHEETS: MGON) through its wholly owned subsidiary, MedCan Marijuana, Inc., announced its investment in Green Relief, Inc. today, in what is believed to be the world's largest federally licensed, purely organic Medical Marijuana producer in Canada.
Green Relief has entered into a Letter of Intent with Health Canada to launch a massive Canadian operation based on Megola's cutting edge technologies that will significantly reduce operating costs while yielding higher production output.
Megola's breakthrough technologies in air and water filtration will be extensively utilized in Green Relief's 100,000 square foot state-of-the-art aquaponics production facility. As the only grower of "organic" medicinal marijuana strains based on aquaponics technology, early projections for Green Relief suggest first year sales of $25 million with a market valuation in excess of $500 million.
Megola President and CEO Magaly Bianchini commented, "We're very excited to have the opportunity to deploy our water and air filtration systems in such a mission critical function, along with the extraordinarily lucrative position that co-ownership brings."
Bianchini emphasized that "our position with Green Relief is an example of how Megola's technologies can be applied to new and emerging industries, and Megola will continue to invest in companies that can achieve more by using our technologies in tandem with theirs."
Megola's website (www.megolainc.com) has been relaunched to give shareholders a transparent look into MGON and its new ventures into the emerging MMJ industry.
About Megola, Inc.
Megola Inc. has been in operation since 2003 and has recently adapted its expertise and technologies in air and water filtration to the newly emerging Medical Marijuana (MMJ) industry. MedCan Marijuana, Inc. is a wholly owned subsidiary of Megola, Inc. located in Burlington, Ontario that exploits ready-to-market technologies designed to support the newly emerging MMJ industry, the first being the Green Relief, Inc. aquaponics production facility. Megola Inc. is a Nevada Corporation with head office in Mississauga, Ontario, Canada, and trades on the OTC under the symbol MGON.
For comments and media engagements, please contact Eddie Cruz at mgonir@megolainc.com.
Safe Harbor Statement
Sections of this press release contain forward-looking statements, which reflect management's best judgment based on factors currently known but involve significant risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including but not limited to risks more fully described in the "Risk factors" section of the Company's Annual Report and other risks. Forward-looking information provided pursuant to the safe harbor established by recent securities legislation should be evaluated in the context of these factors.
Contact:
Eddie Cruz
(877) 238-3173
mgonir@megolainc.com
Actually they say "take a minute".
The news may be here sooner than later. Finally, it's about time!
Right, and it's the lowest ask. The next one is 0.012.
NEWS ARE COMING!!!!
Now you know it for sure. It gives you a few more days, or may be less, to load up!
"...Medcan Marijuana is down for just a routine maintenance work and will be back up and running in no time. In the meantime chill, put your feet up and take a minute. Then come on back and see whats new with us."
http://medcanmarijuana.com/
Fantastic Promo and very professional. Most of my career had been spent in marketing, so it's my educated opinion.
You're very talented Lyons! I would hire you in a second if I still was in business. I'm happily retired now.
Thank you for doing that. Whether you have a lot of shares or not - all longs are benefiting when all of our holdings are locked.
The latest short volume reported was only 8%. It's the lowest shorted volume that I've seen for MGON.
PLEASE LOCK YOUR SHARES so mm would not be able short them.
Remember less then a month ago, when the stock started moving, not only the pps, but the daily volume went up in the range of 5M to over 25M.