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Never. No real company would touch this sham with a ten foot pole. They have no business and only revenue is from selling discounted shares.
Not a coincidence that the stock turns red after that ridiculous announcement.
Just more BS and admission of guilt for all the blunders. What you need to focus on is the "$17M of capital raised/warrant exercises" and to who exercised these warrants. I venture to say 80-90% of them were to toxic firms like Chardan, Maxim and Dutchess and the scary part about it is the company probably has less than 1/10th of that money in the bank as it is obvious they do not have a clue as to how to run a profitable business. Where did all the money go? Last call the CEO stated that they would not have to raise money and issue more stock again - more BS in my opinion and he is misleading shareholders the way I see it.
The only thing this company knows how to do is pay for fraudulent stock promotions and frivolously spend money on non-essential, non-revenue producing things. I am having my associates dig up the real story on this Odava and the principals behind it as I sense this will turn out to be another "execution" blunder.
Stock will never positively react as the market knows what a chewed up POS this company is due to their focus on BS promotion and inability to make a dime.
As expected, the public markets are not sold - stock did not react and nobody trust this company due to their lack of execution, history of stock promotion and dealings with the likes of Chardan, Maxim and Dutchess.
Lets just watch how the public markets accept this and by the looks of today's trading, NOT GOOD! Too much mud under the bridge with this company and nothing will revive it!
Nobody of relevance has ever heard of them. They have minimal clients in one state and there are bigger more reputable players in the space with real revenues. They are a 2 man operation with no sales team and we all know how pathetic MSRT sales staff is by the looks of their pathetic sales history.
I'm sure...Probably at industry conference in which they were begging for money. LOL
Nothing but smoke and mirrors. Two no name companies merging with neither having any revenue, neither with experience public market management, neither with any justifiable path to revenue and just another reason for MSRT to issue more stock to hit the market. You see how that Whaxy merger turned out, NO REVENUE!!
Who is Odava and what kind of revenue do they have? Nobody has ever heard of them. Made 2 phone calls to individuals very knowledgeable in the SaaS space in the industry that helped launch MJ Freeway and they never heard of them. If you look into the company they look like a 2 man operation with a handful of clients in Oregon. Much like this company, it looks like they lose money and the announcement makes zero reference to the effects on the bottom line. Once again another blunder by this company as this is nothing more than another attempt to put out manipulated PR while the company continues to lose money and make mistake after mistake. Just watch how this does nothing in the long term for the stock price.
Who would buy a micro penny stock in the cannabis space?
This scam is being promoted by promoters and nothing but a strong sell into any volume.
Just more BS out of the company to make it appear they are in business. Very typical for this industry!
Exactly! This company is nothing but a sham. No business and only can stay in business by selling cheap paper to scumbags that flood the market with their shares. They have no operational revenue or path to revenue. This pothead that runs it should step down as he has no clue what he is doing and has done nothing but disappoint shareholders. Our firm has spoken to many credible industry leaders and they all laugh at this company due to their constant series of failures.
When the "price" is artificially inflated due to constant promotion, charting is thrown out the door and considered artificially tampered - bottom line.
Stock that constantly get promoted do not trade on technicals. This sham of a company is run by a reckless, inexperienced, unprofessional management team that does not have a clue how to make a dime except sell low discounted stock - just look at their announcements and SEC filings.
Just more gibberish and stuttering by management and absolutely nothing regarding a concrete revenue strategy. This company is all smoke and mirrors as evident by their need to constantly promote their stock with fraudulent websites in an effort to juice the stock and move paper for penny stock scammers. They have no business, have lost all credibility with the industry and wall street and will never regain it due to focusing on non-relevant PR rather than fundamentals. Watch how the stock falls back to where it belongs as word is out on the constantly promoted stock.
Company has no business and is a complete scam! They have no business and have to resort to stock promotion to mask the scam.
No anger, simply have uncovered this scam and look to expose the people behind it.
Absolutely nothing. Nothing material as always and nothing credible regarding the ability of these clowns to make any money. And do not be fooled by the inflated stock price. The stock was promoted again - such an amateur move trying to make them look good by juicing the stock.
NEVER! Just look at the company's financials (or lack thereof) and you will see why this will never move forward. All they know how to due is make money by selling cheap stock and warrants.
This is not a real company. It is run by a very inexperienced, non-professional management team that are a bunch of potheads. There have done nothing but disappoint shareholders by their lack of execution and inability to generate any revenue after a few years of pissing through millions of dollars. Just look at their SEC filings and history of non-material news, pretty much sums it up!
I told you this was a complete SCAM!!!
Some people do not get it. This company has no business and does nothing but lose money and issue stock to penny stock frauds like Dutchess
NEVER. Listen to your comment, "it will be promoted again". Do you realize that their constant obsession to promote this sham of a company is the reason the stock is in the toilet?
Listen to the conference call, the CEO sounded flustered when asked about cash position and need to raise more money. He states that at the end of Q1 they had the best cash position. That all came from selling low priced paper and warrants (right out of the Dutchess playbook) - nothing from operations. The company has no business. With the stock in the tank, minimal revenue and continued negative cash flow operations, lets see how much these potheads have burned through to support their fraud of a business at the end of this quarter. This is a short's dream - We have made more money going against this company and its pathetic, non-professional management team for the past 2 years.
Overrated!!!
Don't you love how this scam is unraveling?
An email from who? Another promotional firm?
Please share with me the rational behind this BS investment. The potheads at MassRoots probably just pissed away more of shareholders money. This means nothing to the bottom line and the market could care less by the looks of today's trading!
I am sure you are not alone as this company has no business and all they know how to do is issue stock at below market prices in an effort to keep these worthless potheads employed. There is not one person in their organization that has any public market experience. I just saw today in another senseless industry news alert that their "Director of IR" made a comment. Who is this guy and what are his qualifications. Sounds like just another pothead with a fictitious title.
They cannot get them done because they still have to come up with them. This is just another BS canna-scam run by a bunch of clowns.
The only people that made money on this scam were the crooks at Dutchess and their fellow stock scammers and the insiders that have sold off low price paper - and the shorts of course. That was the easiest money we ever made.
The only "big trades" are the ones of people getting out of this pig of a stock. Stock looks like it will be in the $0.20's in no time. The buffoons running this company have no idea what they are doing and could not run a lemonade stand much less a public company.
Stock will drop to $0.40 and below based on the negative sentiment for the company and trading trend lines. This company and everything about is a complete joke!
"G&A" expense if I read the Q correctly. These potheads that run this company think that making $134K when you spend $2M is a good thing. They have not done anything but cater to scumbag firms like Maxim and Dutchess in assisting them loosen up on their zero cost and low priced paper. They have no business, have a horrific reputation as a public company and are run by an inexperienced pothead that is not only unprofessional, but thinks attending senseless pothead conferences is a news making event when all it is a waste of shareholders money and a reason to commiserate with other senseless and worthless cannabis companies.
Hope your stop loss got triggered! LOL This company is a complete sham and the truth is being told by the mouth of the market. This company is run by a complete buffoon with ZERO public market skills and is nothing but a brainwashed pothead that has been schooled by the likes of all the penny stock scammers like Dutchess Capital and their band of promotional tactics. If I was a shareholder, I would be furious at the comedy of errors, false promises, lack of execution and continual fascination with dealing with promotional services. Wouldn't you think this clown would realize the damaging effects of utilizing these efforts after watching his stock fall EVERYTIME he pays for those efforts? This pothead is a short's dream CEO!!
Everything is smoke and mirrors with this company. They have no clue how to run a company. Made an investment in High Times, just another way to spend shareholders money trying to support a worthless and irrelevant movement and give money to fellow potheads at the shareholders expense.
Depends if you are a trader or believe in the company. If you want to own for the company for some bizarre reason, buy on these dips. You will never hit the bottom but keep some powder dry for the dips like you saw this morning. If you are a trader, I would wait until this starts moving higher on a consistent basis.
Stock dropping like a rock. Not sure what chart you are looking at. Trust me, it is on its way to the $0.30's and below. No believes in this company and there is no reason to. Failure after failure, delay after delay and inability to make any revenue has taken its toll. All this company know how to do is sell low price paper to scumbags, pay for promotions all in an effort to keep giving these worthless potheads a paycheck every week.
Has nothing to do with the constant supply here at these levels. That is probably due to all the low priced and zero priced paper Dutchess and their cronies have and dumping into the market.
That is because the company is once of the classic CANNA-SCAMS!