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LMAO, surely Wayne has been arrested or had a lawsuit filed against him for something. Maybe a PIC of him smoking a big cigar!
Seriously though, he'll get this tightened up and do a better job with websites and PRs. MJ sector is watched so he has no choice. We'll have something more relevant that better lays out a more accurate plan B soon.
My 8s still haven't filled yet. Where are the bashers when I really need em.? I can't get a break on this thing lol.
Greed and Fear
You got it Charles. Both have burned me and I don't let it affect me much after hard lessons. I don't hype or bash here. I let others do it for me and I usually prosper from it in the end. This one has been tougher so far lol.
It's a good addy, Darth and I are chatting.
And RE .0009 being bottom. Hope you're right but I got your support at 8 if you're wrong lol.
yup, but you gotta pick a number. I may be in and out of this numerous times during the volatility. Trust me I have a core position to hold a while.
We are approaching the pps where you and I can go public, post a PIC of a half nekkid chick posing with a pallet of energy drink and outperform UNGS pps. :)
not sure it is OK to do that, but I got your email addy before deletion and dropped you a note.
Always hard to know when to get in, but the collapse was too violent. Lows almost always take more than a day to establish. Fear is even more powerful than greed.
Yup, somebody will get lucky, but it is almost impossible to get those low of day orders filled unless you only want 50 bucks worth lol.
1990, you got time. Flippers will rule this for a while. You'll get chances everyday for awhile to get in. A lot of us got in this too deep and there will be negative posts here for a while. Hypers turn to bashers after you get stung. Do our own DD. UNGS is worth less than it was two months ago, but IMO if won't take much to rise from this low pps.
Trying to load up my truck with 8s linkvest. Today isn't the day to worry about selling anything so I might as well byy some traders if the I can before the fear subsides. Wish me luck, then we can launch lol.
I agree with buythemil, online sales are a much quicker path to revenue than vending. I do think vending will be huge in the not so distant future, but it will take time to ramp it up, even if Signifi was still involved.
Share count was never released. They usually aren't until a deal is actually consummated. Signifi was going to have majority control but there are numerous ways to accomplish that with voting rights of the various kinds of shares..
You'll get your updates, but not likely tomorrow IMO. Next day bounce back to realistic value is just not how this usually works. Believe me I'd love to be wrong.
You know I'm long as hell Skills. I suppose that was a not so subtle attempt to warn those who have not been through this before.
Be wary of the 50 dollar trades at ridiculous prices that you can't buy or sell a real position at even if you want to.
I'm going to try to add cheap for a bounce play but I doubt I get filled. I know the longs don't like flippers but look at it as support because that's what it really is tomorrow.
And I agree we are good real soon, but we likely have to endure another day or two of this.
Sorry, that's a not an answer. I know you tapped out already. But if you have evidence to back up your statement please post it up. I would have done the same for you or any long who endured this.
Longs, what do you predict for tomorrows trading session?
Personally I think we have another round of fear cashing out for a big loss. I think there will be some pops throughout the day as the traders move in for the bottom bounce.
Will my order for 8s get filled? I'm fine if we bottom north of 8s, but if not I intend to S/T trade my basis down a few points during the panic selling.
please post a link or whatever info you have regarding this.
I'm admittedly ignorant of the trend in European MJ laws but they are typically more liberal than the US. I can't imagine MJ would be any different.
MJ legalization will obviously be a gradual but worldwide trend. Makes sense a Hungarian vending machine manufacturer would have interest.
Thanks Flex, I have learned to only buy the open on an unexpected "sale". I know the MMs will swat the opening gap up right back down on a fairly regular basis.
Who knows. Before we take over the world, some functional quality websites and a short term plan on the way ahead would suffice for now. :)
I'm in tomorrow for my first Flex trade FBEC, unless you guys have managed to pop this thing out of reach on the open. :) Not going to chase.
You guys might go to the company section of Signifys website. I only clicked on a couple. Razvan Anghelidi got his BA in Romania. He is Signify's software developer. Interesting coincidence?
Shamira's comments on Artemis likely have some cred. Seems likely they told Wayne were to look for Plan B.
The hourly updates on progress will be painful to watch. Whether you believe in our future or not, it is clear to most that what is presently going now, has only been in progress a few days, or weeks at best. I'm hesitant to use the word patience because nobody wants to hear that, and don't blame them, but it is what it is for the moment. Soon we should know where this is headed, approximately where we are in the process, and we already know the price to stay or enter.
Have you done any DD to see where the other MJ stocks that trade for a penny (and previously much more), are at in their business plan execution, share structure etc? I found it helpful to do so.
I have much respect for Flex and his stock picking abilities. I signed up for his alerts recently. I make my own investment decisions. But truthfully, he pumped this thing as hard as any other long on the forum and he knows he is followed. Nobody gets them right all the time. He should post up on this board what he posted on his Flex forum regarding UNGS. Until then it will just look like he is hiding. His decision of course.
I won't like what it does to my overall position value short term if it happens, but I dare the MMs to let this hit 8s on Monday. Most of the scared money will be gone by Monday mid day.
This is a lot more fun if you're excited about your investments. My portfolio is very diversified so I almost always have something doing well and that takes your mind off a laggard. PPBL was a small buy and forget about it for a few years type investment for me. I did some heavy DD on it a few months ago and they do have a firm commitment to this industry IMO. Having spent time in Asia I am confident their target sales area is not misguided. That is what attracted me. I have zero interest in fashion personally. Then again oil and utilities are boring too, but having some in my port has served me very well.
dgor
Dead money through a strong bull market can be very frustrating. There is patience, but it can cross the line to lost opportunity in a more timely stock. I held a few stocks for over ten years after the techs crashed around 2000, and that was a mistake in retrospect. I haven't held PPBL for long, and it seems solid enough but it will be a while for real sales so I kept the investment modest. You might consider leaving a small part of your position behind if you choose to move on.
"so when does sylios.com go live?"
We might not be at .0011 if we knew that lol. We don't like deadlines anymore. Now go sit quietly in the corner or sell.
Just playin, but the deadline game and penny stocks in general will stress me no more. We can believe it's gonna happen in the end, but some of this is barely started IMO.
Fair enough. I thought you might say resistance at 24, but "because I said so" is likely just as valid after watching this defy TA for months. :)
I'll always wonder what would have happened if the MMs and Wayne had just let this fly with no dilution for a week in June. The crash now would have been epic, but I know I would have gotten nervous and locked some profits as I always do.
I agree with you on the big OTC bet. There are plenty of smaller bets to be made with a much higher percentage of payoff. I will spread out my wagers more from now on. I got greedy with all the free time on my hands waiting for take off. I've never seen a stock sit on the launch pad so long with excellent technicals.
As far as .0022-25 just one last time. You base that assumption on what? I'm expecting a bounce to the mid teens if Wayne will work through some details I don't think he has to this point, and then a much less ambiguous PR r two. Going to take some work to get it back in the 20s. All IMO, but I'll just be shocked if we don't get a bounce.
At least I now know what all the UNGS BOOM!!! posts were about this all summer.
My bad, guess I misunderstood :)
Hello guys. I purchased some PPBL back in the spring after doing a little DD and speaking with an IR guy. Looks like it's time to catch up on my PRs as I was not even aware of the RS. I kind of expected one eventually though. Glad to see there is an active iHub board now.
Yup, its way too late to not be "long" now. Many were long, and selling just a few ticks before a likely bottom bounce won't fix it now. Nobody here knows how low it goes, or where it is headed in a few weeks or months. We'll have many new traders in here when the hysteria subsides, MMs that do whatever they want to the pps etc.
Brady
I think that is a sound plan. I can't promise you that not panic selling will be the best move this time. I can promise you that you can't constantly sell into fear, or over time you absolutely WILL lose ALL your money on stocks that rebound within hours or a few days. Most traders have no business in the OTC and few survive long.
Don't expect UNGS to get any love on their board anytime soon. A lot of people got stung. Many don't want to take any personal responsibility for buying 10-20 million shares. All UNGS rallies will be met with selling for a while. At some point it becomes as good a pinkie as most any other IMO, but NOT safe for a long term hold and a big position.
Dewayne
You are correct Relativity. Fear ruled the day and peeps did what they wished the had done a few days ago. The build up was was too long and many had too much time to average down and buy WAY more shares than they should have.
And Ant is right, most of us had numerous chances to cash out.
For those who have or are leaving, don't fool yourself into thinking you have found a different clean and honest pinkie that would never deceive their shareholders? Find a different exchange for that, and prepare to wait years to recover your losses.
This will bounce around and I believe I can get out with a minimal loss if I choose to if I don't see progress and much better commnunications. Sure I would feel more urgency if I owned 20 million shares. I'm pretty confident there will be some forward progress and PRs in the near fture. To not do so at this point would be putting himself in danger of litigation or sanctions. Because the MJ pinkies are under the SEC microscope is why I believe this.
What Ant said. You'd have to suspend a thousand OTC tickers a year if putting out vague PRs and selling paper to shareholders were not tolerated by the SEC.
Darth I don't really know. I suspect business as usual in pinkie land. We'll soon see if the websites come up and get acceptable in a short period of time. I still have a position so I want to know too.
Agree with you Lucky. Not at all thrilled with this whole deal but IMO the only thing that is over now is the masses predicting this is going to a penny next week. This one taught me to not stay in a pinkie so long with a large position. It just ties up our funds that could be put to more efficient use on short term plays, where the odds are much better. Or at least the risk IMO.
You can pull up a long term chart on most any pinkie and see the same thing. The CEO is selling paper to hopefully fund a real business if we do good DD. Few have any meaningful current revenue let alone profit. In spite of that brief pps pops occur along the way. Exceptions of course, but very rare to find one it is wise to hold for months. A merger with Signifi would have been one of those rare exceptions, but in the end we still have a regular pinkie. And the door is wide open for many PRs in the near term. Much more money will be made by folks trading UNGS this year. Some of them starting accumulating today IMO.
Agreed Skills. We may not get our lotto payoff but we'll be OK on UNGS for those who can afford to ride it out through peak MJ season and some PRs I gotta think are coming. Not a chance I will lock in a big loss anytime soon the way it bounces around on news. The bargain hunters will be here soon enough.
That said, I agree with Flex and this is my last big Pinkie long play. Small position perhaps I might do that. But to tie up the entire gambling portion of my portfolio in a single long play was a really bad idea. There will be some opportunities lost while I wait.
Water over the dam now. Guess I better research the Nation's latest play and only take a small position as my punishment.
Good weekend to all!
Good post Critter. I do hope he has learned about promising exact dates. It seems that absolutely nothing he announced went quite as planned (that's business), and he backed himself into a corner over and over. It does appear he tries to overcome each and every obstacle though. He could have just sold shares for months, done nothing about the problems and then told us sorry it just didn't work out. This is pinkie land, be would have gotten by with it.