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0.0009 has been major resistance for RSHN, a break through 9's and things could get very interesting.
GLTA
Here we go, convertible notes/dilution. See you at 0.0001. Game over.
POS
I don't understand why some folks feel the need to twist the facts.
We can hope and speculate, which is the premise of putting money in these flailing "companies" to begin with. A purely speculative bet.
here's a possibility: maybe we get lucky and they get a big order from a legit food chain like Walmart, let's say. Ok great if that's why you're here. Is it likely? No. But ok you are willing to roll the dice.
But to say this company is profitable at this point or that certain people are working for UPZS , or they are doing MJ pizza when they are not are nothing more than falsehoods.....LIES.
Dude there is MJ infused everything....including pizza I'm sure. Anything edible can be and is infused, they are called....EDIBLES
What I'm arguing is that UPZS has no particular advantage/ability in that market. They are not located in a LEGAL recreational use state, there is no demand/incentive for MJ businesses in legal states to purchase from UPZS even if they could and the permits and paper work for legal MJ sellers is vast and expensive.
don't shift the argument to whether there is MJ infused Pizza, the argument is does UPZS have the ability to include MJ into it's products and the answer is......NO
Oh and while they are at it, they can do a crypto pizza too....right.
No way. You have to spend hundred of thousands to get a Cannabis license to sell weed (including on/in pizza) in the states where recreational use is legal.
Don't you think every pizza spot would be doing it in Colorado and Cali if they could?
Oh and let's not forget all the legal issues surrounding age requirement. You can't sell MJ laced pizza to minors, right?
how would they get around that. MJ PIZZA= NO CHANCE.....
Well said and thanks for doing the research. It benefits all who own this thing.
Also, Copper stated they have revenue increase last 10-Q, which they did but UPZS still did not turn profit as cost of business etc. had them over $100,000 in the red.
Hoping for a miracle here, but hope is a terrible metric to invest in.
GLTU and all
Links to the filings please. Validate your claims and be more specific. What are their revenues/profit margin? I see no PR that verifies they have products in any of the places you claim.
If a company had products in big retail chains i would imagine they would be shouting from the roof tops. I can't find ANY PR's for this company.
"Ive been here for years".... your IHUB account born May 2017.
Call it what you want. These stocks have little buying pressure from retail investors so MM's like NITE and CDEL, make a market by selling to themselves (you will find them with big blocks on the ask and bid) with some retail mixed in.
They make money when the stock goes lower. Retail can't do this, only these financial entities can. If they made money for the stock going higher we would all be rich. Or if we retail could short these stocks, we would all be rich. So there is shorting or the making of money by an entity when a stock goes lower, at the expense of the retail investor. However they are also responsible for the parabolic runs we see when positive news and retail buying pressure forces them to cover.
As of now the combo of the converting notes and the short MM's in the absence of heavy retail buying is and will continue to drive this lower.
Whether they eventually R/S....nobody knows.
A note holder is converting. Read the top sticky for the actual share structure. I'll buy back in when they are done converting, hopefully.
Does anyone know the specifics of the due note(s)? Clearly yesterday was note holders converting. With the current share structure we should not be seeing so much volume and t trade to take this lower.
TIA
wow. this is tremendous news!!!!!!! Chit = BIG TIME
no no. just tell him what he wants to hear. IT'S GOING TO $50.00 A SHARE. LOL
cool, good luck to you and all on the board.
VNDM is dumping, NITE and CDEL are absorbing the shares so they can short further and if they need to cover their shorts. MM's make the market especially down here. They will always be on the bid absorbing dilution.
No retail investor is selling 1's except a few who got caught in this when it was misunderstood as an MJ play, and wanted out. I'm in that camp, glad for the opportunity to get out with minimal loss
VNDM on the ASK with 10,000. never good.
Don't understand the obsession with the PPS predictions. Nobody knows and is silly to try. Safe to say it will be a miracle if this thing leaves the trips without a RS.
Only chance EHOS has is if they incorporate crypto into the next PR and hope the algos are still programmed to buy anything that has those buzz words in them.
To leave a hot industry like MJ and pursue this horse stuff is just crazy and apparently the market feels the same way hence the no bid.
CBI* a cannabis stock put out a PR Thurs. mentioning BLOCKCHAIN.
It's up almost 50% in two days and was trading in the 0.05 range.
C'mon ehorse get with the program. giddy up!
Agreed. Blockchain is best but they should have mentioned it in previous PR.
Apparently the algos are programmed to buy anything with the words CRYPTO, BLOCK CHAIN, etc.
Please EHOS capitalize on this before the SEC catches on....PLEASE!!!!!!
Here's your story. "Ehos has developed it's own crypto currency designed specifically for horse gambling. It's called EHORSE CRYPTO."
Boom we are up %50,000! You're welcome ehos management. Now make it happen. Merry xmas.
Dear EHOS Santa,
Here is my Christmas wish.
Please change the name of the company to a name that includes any combination of the following words: ...BLOCKCHAIN, BITCOIN, CRYPTO CURRENCIES, MARIJUANA, CANNABIS, HEMP, MJ, HERB..
It doesn't matter if you're business has nothing to do with the aforementioned words, as long as these words are present, your stock price will rise and I can sell and make money.
Thanks in advance, merry Christmas to me.
Yes I was good this year.
Hope you're right but don't see it that way. Debt is ALWAYS repaid.
Issue new shares and they can be sold at any price to repay the debt.
Company is failing on every metric and they need money to continue. the only way to secure the money is by issuing more debt cause apparently their products are not resonating with the public.
Barring of course they pull off a miracle which seems highly unlikely.
Right. The only way up is a breakthrough like a cure for cancer or something as valuable.
Otherwise NPHC will have to issue more debt. which unfortunately is the more likely outcome.
I expect an increase in A/S and more toxic debt. Sadly
Ehos slogan : YOU BET ON THE WRONG HORSE!
Is marijuana legal or illegal?
Is VNDM a diluting MM? Because he's been dumping shares for months while only showing 10,000 lots on the ask. That's proof enough for me.
DD claims it's an old note now maturing. Either way, the only proof I need are L2, volume and PPS. The SEC means nothing to me here in sub penny world.
Filings and regulations don't concern me when I see the action we have seen.
Look at the MJ stuff. Federal government declares it illegal yet some states are clearly breaking FEDERAL LAW.
Listen I'm gonna make this statement knowing it's not going to change what you believe, and that's fine, not trying to change anyone. But here's how i see it and this makes sense to me and doesn't require links nor filings. The trading volume, PPS, and L2 tell me what I need to know.
If company was buying back shares, the PPS here would be higher and with over 3 billion shares traded in a week, I think, for me, that's clear indication no such thing is occurring. I don't need a filing or link to prove that in my world.
Now in terms of dilution and I had this debate with DD Dempsey months ago. There are 2 kinds of dilution (1) when the company officers sell their shares (form D, etc per filings) or when convertible note(s) mature and the note holder sells. Either way it's dilution because new shares are hitting the market. As far as SEC regulations, I agree with Rawman, I don't think they apply with EHOS being dark. But even if they did something isn't adding up with the volume last week.
L2 proves this when one sees the usual suspects: diluting MMs (VNDM,VERT,BKRT, CANT, etc) dumping high volume and PPS going down because of abnormal selling pressure into the bid.
either way hope we get a christmas miracle with this one cause that's what it's gonna take to get this moving North.
Ya peeps are just reaching at this point and understandably so. Most stunned by the PR's change of direction.
People are using "ifs" as a defense of their arguments but it's not much of a defense.
YES it's all "ifs" at this point but we are also looking at probabilities and likely outcomes. That's a bit different.
Does EHOS management own most of the O/S?...a definite NO.
Will EHOS buy back shares? hell no.
Will EHOS R/S? 50/50 chance.
Will EHOS continue to DILUTE to fund operations? Absolutely YES.
The only ifs are will they R/S and will they be able to put together a profitable business.
Probability: not looking good for shareholders.
Why do buy backs occur? They happen when several elements are in place.
(1) First, management has to have the funds to buy back shares EHOS likely is in debt and will be in more debt once they start buying horses etc...all things in the future will be financed through convertible debt.
(2)When management is trying to increase shareholder value. OTC companies have no regard for it's investors, quite the opposite. These "companies" don't have shareholder pressure and have no accountability to us.
(3) Why buy back shares? OTC companies just issue debt and dilute when they need funds. This is like printing free money anytime you need money. (at our expense of course). Again shareholders are at a disadvantage and we have no legal recourse down here.
A R/S ...no one knows but always possible when the PPS is this low. In my opinion a R/S is way more probable than an unlikely buy back
L2 was showing a little under 500.000.000
that's not the only reason this crashed. Dilution is also helping. Yes the PR also had a big impact.
90% of all sub penny stocks are stock selling scams not just the MJ/Crypto ones. However even scams have runs when the short MM's are forced to cover if/when retail buying pressure occurs which is why we see big runs when they do occur.
Showing 500,000,000 2's on the ask and no doubt if buying occurs at 2 they will stack it further.....you are right no one knows the SS being this is dark but VNDM is diluting. Share structure is much higher than most thought previously
1's gobbled up by the short MM's who only stack the ask. Gotta eat through 500,000,000 2s to have any chance.
Agreed and EHOS is an example that proves your point. There are and have been new shares entering the market regardless of the dark status.
Agree with you including the skepticism in regards to EHOS struggling as an MJ play but this has to be stated and is obvious to those who were here prior to that ridiculous PR this week...
Any PR that reinforced that EHOS was doing ANYTHING in the MJ sector would have sent this higher. That's what people were waiting on. That's what our DD pointed to with the limited info that was available, The MJ sector is hot along with crypto currencies. Not this mysterious horse non sense.
So ya, you may be right that they would struggle in the MJ business but these stocks run on speculation, they are rarely legit nor profitable. so at least we would have made some kind of run.
For God's sake all they had to do is say they were getting current and not mention any business plans this would have run!
Instead we get that bombshell and the market spoke with now almost 3 billion volume to no bid....nice.
Those "buys" are the MM's who short....the MM's that make money when the stock goes down in price.
There is not enough retail buying in any of these sub penny stocks for them to increase in PPs and STAY at their increased prices. Which is why they almost always fall after making runs...short MM's (NITE CDEL, etc) and dilution (VNDM CANT etc).
There are a few exceptions however, if a company shows revenue and profits but that is extremely rare down here.
For most of these Sub penny stocks, the MM's who are short rule because they hold (buy) the majority of shares that are available and absorb (buy) the majority of shares that are diluted into the O/S
It doesn't matter what the "horse industry" is worth. What matters is it is clearly expensive and super risky, plus:
(1) MJ sector is one of the hottest sectors and that's what we thought we bought into especially with new legislation going into affect in 2018.
(2) This "horse" stuff is a total mystery, I can't distinguish a thorobred from a donkey.
(3) No matter what they PR from this point forward no one will have a clue if any of it makes sense or not. No way to judge or measure their decisions or directions in this murky venture.
At least with MJ you can form an opinion : "oh their going into liquids, or their doing dispensaries, or their making hemp socks"...then at least you can decide if you think the company is making good decisions. Horses??????
Don't these race horses cost millions each? And then we have to hope that the thing actually wins races? Pay a jockey? Have stables and land with employees to tend to the things? Sounds awfully expensive, which means more debt and more dilution.
I mean it's comical....
Right. I've been saying for a while that there is dilution and I should have run when VNDM returned last week.
Now some will say it's old notes or whatever but it doesn't matter.
NEW SHARES SOLD BY ANY OF THE DILUTING MM'S IS DILUTION.
Ya my hunch is that these guys lost their shirts at the race track and had to give the bookies shares to pay their debts so to not get a visit from Rocko the concrete shoes guy. We are paying off someone's gambling debt.
Here is how i see this.
Most know nothing about this mysterious "horse" market. I certainly don't. Seen horses in parades, police riding them and on TV. I know absolutely nothing about them, especially as a business model. Those who bet on them seem crazier than we who buy sub penny stocks.
We (with the exception of the new folks who bought in today) thought we were investing in some form of MJ company...no one knew exactly what part of the MJ business EHOS would be in, but some form of MJ was the consensus.
And let's be clear. The MJ industry is one of the hottest relatively new markets along with Crypto...So this change is truly shocking.
Now on the very unlikely rare chance that this becomes the hot new industry and the PPS skyrockets, (i hope it does because I'm now a bag holder)...great. But I'm beyond skeptical and truly upset. Just when i thought I've seen it all...wow.
And one more thing in regards to "for every seller there's a buyer". Down here in pinkyland that buyer is MM's like NITE and CDEL who just absorb huge amounts of shares so they can sell short and destroy the PPS because they make money when PPS falls. Yes some retail bought but do you really think retail bought over 2 billion shares today? Did retail stack the ASK to no bid? All the while VNDM is dumping....what a shame and most likely, what a sham.
And you bought in at those prices thinking this was a horse company or did you think you were buying into a MJ play? Honestly....