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Looks like the MM’s just can’t leave this stock alone, trying to milk the weak hands it seams. I’m looking forward to next week should be an exciting one waiting for the Q Report to surface.
Fisherman: I can understand where you’re coming from but don’t get to greedy enjoy the season. Myself I’ve maxed out on buying, actually broke my discipline over bought NNRX, try to keep and equal amount of $’s in risky stocks so as not to get hurt if things go South, learned my lesion with a stock called Sonus Networks years back. Myself I’m looking for some good news before Xmas to make it that much merrier. I’m still looking for that “New” camper van for traveling this coming spring. After all it’s a long trip to Las Vegas for the get-to-gather when NNRX gets to the double digits and higher, want to travel in comfort.
Morning All, Looks like we’re settling into a wait and see mode. No action on the trading for NNRX this morning, even the MM’s are quite and the boards going back to sleep. Looks like a good day to finish the outside decorations for Xmas, cold but a bright sun, sort of like NNRX today.
That answers that question for sure. And raises another, who is doing all the buying? Could there be that many retail traders out there buying or is the buying coming form big block buyers or MM’s.
That infers that the 1.5 billion that was on the bid just before it went blank again were sold in short order and that orders are being fill as quick as they are entered. Are there any other opinions out there on the subject? Has anyone on the board placed an order today that was filled right away?
Is there someone out there that can explain why the level 2 quotes are not showing any bids? I am not that versed on the working of the level 2 quote screens. There is buying going on which is showing up on the trades screen.
I see the plant has changed the look of its website again keeps looking better.
The answer to that is YES I believe it could move the pps depending on the content of the Q report. First and foremost it has to show continued growth and a continuation of the income growth (follow-through on last month). I’m expecting an increase in share count, hopefully not to large, around a billion plus or minus. The forward looking statement must be good and some mention of increasing the price of the 1-A or the suspension of it. Also, showing some interest in another state would be a welcome bit of news as well. Each of the above items will help the pps but the MM’s have to loosen there hold on the stock as well, I think this will happen in the near future.
One thing you can count on in the OTC is that it wont following in lock step with the major markets, the mind set and money flow of most OTC traders is quite different.[/b
Bones, You do remember the reason for the “1-A Pos” in the first place don’t you? It was to be able to purchase “The Plant” by selling shares, what you are calling dilution is shares being sold to increase company value. It’s not being done to dilute the share price, that’s the only way NNRX had to buy the plant. What’s holding up the pps now are MM’s playing around and the current price on the 1-A. Just hold tight till next week when the Q Report comes out, pps can’t bounce around any lower till then. I’m think we all will be in for a surprise. If I'm wrong it won't be the first time but I'm betting for the up side.
Any one take notice of how NNRX is described on OTC’s company profile page lately? It doesn’t talk about Supplements and Vitamins any more. just describes NNRX and a Holding Company the way I read it, going to have to reread there website again to see if anything has changed on it.
“Products and Services”
NutraNomics is focused on empowering our partner companies and subsidiaries with critical investment funding and vertical integration resources, in their efforts to excel in areas of organic plant-based nutritional science, innovation and production.
I’m guessing 90+% of the action were seeing in MM’s moving shares around and rebalancing there portfolio’s around, also trying to shake out shares some weak hands. It can’t be from NNRX selling 1-A POS shares they are at .0001 any thing below that is MM’s trading. We will know something for sure by the 15th, I’m guessing again but I’m thinking we are going to have a very nice Xmas this year.
Morning All; Of all the possible news that could come out by NNRX the one that I would like the most is that the 1-A Pos has been rescinded or limited to 1 billion dollar blocks, I don’t think it would happen though it would let this stock run on it’s own. At best guess it will most likely be raised back up to .0004 again, just guessing of course. It sure would be nice, may happen when banks are allow to finance pot companies. KEEP THE POSITIVE VIBES IN NNRX AND LIFE GOING, makes for a brighter out look on life and lets you sleep better.
Morning All, looking forward to a good week lets keep the positive vibes going this week.
There are quite a few things blocking the pot market from taking off big time, read the article below, I’ve quoted two paragraphs in the article also below.
Quote from New York Times article: https://www.nytimes.com/2021/05/22/nyregion/marijuana-ny-nj-weed-pot.html
"Because marijuana is illegal under federal law and cannot be transported across state lines, marijuana products sold in each state must also be grown and manufactured there.
Federal banking law also makes it nearly impossible for cannabis-related businesses to obtain conventional financing, creating a high hurdle for small start-ups and a built-in advantage for multistate and international companies with deep pockets."
This will change with time but for now is one of the biggest problems facing NNRX's interstate growth.
Any thing is possible, I’m getting the impression that they help NNRX finance buying “The Plant” that’s the reason that the 50 billion shares were not all used in the purchase of The Plant as was suppose to have been the reason for the 50 billion. It is still illegal to move pot across state lines even if you own stores in both states; this is one of the big things holding up the big boom in this industry. No matter which state NNRX goes to next at present they would have to buy out and existing business or start from scratch in that state. It is very possible that NNRX could use “RE Strategies, LLC “to open a place in Colorado or any state where it’s legal. RE Strategies, LLC appears to be able to finance a project for NNRX in any state, myself I would like to see NNRX get a footing on the East coast, a state like NJ where it’s legal now and ripe for the picking with not many manufacturing plants there now.
Where they just came out with the news Tuesday on the alliance, I’m betting on middle to end of next week for another news release. They have to also be working on getting the Q report ready as well, which would be more important than putting out a PR in there eyes. A good Q report a week before Xmas would make my day for sure and hopefully get things rolling on the pps.
I see the MM’s still want to control the pps, how can you tell when you see a bunch of trades go through go 1 and 2 dollars total it’s flat out called manipulating stock price. A retail trader wouldn’t do that it would cost him 5 to 6 dollars to place those 1 and 2 dollar trades. If the volume keeps up and some good news comes out next week I'm thinking the MM’s will be forced to back off and let this run for a little bit. Should be some news before the 1st Q Report comes out in two weeks, would make for a nice Xmas bounce and a very happy New Years.
They wouldn’t have to rescind the buy back, just announce that they are not selling at the present time and that they will be amending the 1-A upward to match market prices in the future. That would have the same effect and keep all there revenue sources in tack for future use if they would need them.
Don’t forget about the 1-A which is still sitting at .0001. We’re not going to see any big swings till there is news on that front. I would like to see something saying that they have suspended sell of the 1-A shares for the present or a revision of it back up, preferring to see a suspension of selling the 1-A shares. Suspension of selling 1-A shares would mean that they have a new source of cash which would let pps run. I'm guessing that they are not selling 1-A shares at present, but that sell price is still out there and would be holding the price down which for now I think would hold back large buyers in the open market when they could by the 1-A shares. I’m looking forward to seeing PR/News of a suspension of sell in the near future to boost the Xmas rally. Volume today is showing a follow through in trading which means that there are some positive vibes out there which I welcome, it’s a nice change from last month. Looking forward to a lot of movement from now through the end of year and beyond, KEEP THE POSITIVE VIBES GOING LOOKING REAL GOOD HERE NOW.
It’s December now let’s have our own Xmas rally, with some 25K trades @ 3 & 4’s to get the ball rolling at the end of the day. I'm thinking the MM's are going to let it run for a while.
Looks like the MM’s are finely going to let this start running, 5 digit trades pushing the price higher for a change not lower like it has been doing. Could be some good news will be coming out today or tomorrow.
11:31 .0002 crossed the board on TD
Wish All A Great Thanksgiving. Also, remember to leave room for !!!PIE!!!
Looks like the MM’s are still playing games.
You are correct; NNRX hasn’t had a positive cash flow in quite some time years in fact. I’m referring to increase in revenue quarter over quarter, orders and the paying down of old dept as well. Along with that news of new customers and a reasonable increase in share count which will continue until we start seeing income outpacing cost of income, Also, as well a very positive outlook for the near future.
I also agree with Buck: I like seeing at least two sequential quarters of gains and a positive outlook, so far it looks like we’re going to get them reading September and October’s PR’s… Myself, I’m looking for that Xmas run and being back in the double 0’s by the end of this year. There are a lot of people who are getting nerves about the dollar and looking for not only safe harbors for there money but quick returns for the short run as well. They will see NNRX as a short term return with some good news early in December and another positive quarter on the 15th, I’m guessing/betting on that happens.
How time flies, little over three weeks away from the report, looking forward to seeing what the forward looking statement will read in it. Also, I’m waiting to see the final numbers for September and October’s income. Maybe NNRX will amend the public offering price upward before then, so we can get out of the 1’s and start moving pps back up before the end of the year.
I see the MM's haven't let up yet, 20 shares @.00005. Wondering if there is some way to find out who's making these 5 and 6 digit trades. Seams like with the amount of MM's direct influence in the stock price that OTC or SEC would be looking at these action.
The pps is .0001, when you’re seeing the .000001 that’s the MM playing around holding the price down and picking up shares at .0001 from weak hands.
MM’s are working NNRX hard today; I’m thinking when they finely give this a chance to run we’ll move up quickly. Just me guessing of course, but why would the MM’s be trying to hold this down?
Always the positive vibes, I imagine it running every day. Keeping things positive makes for a warm sunny day and a good night’s sleep. This morning its 30deg, but the sun is out and feels warm on the face going to be a nice day for NNRX to start moving up.
It just moved back to .0001, after that MM made that stupid trade at .000001 yesterday. Now that’s something the SEC should look into, MM controlling the pps of stocks for there own profit.
Wouldn’t it be nice to see a Great 1st Quarter report come out mid Dec., and the buying pick up, which would make the MM start letting the pps go up. Imagine another break out like back in Feb 2019’. Now that would be a Xmas present!!!!
P.S. to whomever; I would rather dream big than have night mares, so i'll keep dreaming and keep the positive vibes going,
Also, just weak hands, or they could have even bough at .0001 and are tired of waiting and moving on to a stock with some action go on.
What you see on the level II bid screen are back-orders waiting to be filled, if there are no back-orders waiting, then nothing shows. At present buy orders at .0001 are being filled when placed.
I’m only guessing of course; As long as there is selling going on at .0001 the pps is not going to go up. Online trades go through Market Makers, that’s why trades are executed so fast. If someone sells out there shares market makers buy them and hold them, when you buy shares you’re buying them from MM’s. MM have control, they can put shares up for sell at .0001 which will show on the Level II and hold the price down. If someone is selling a large amount of shares the market makers pick up the shares and hold them, then they will turn around and sell smaller amounts to buyers like us who only buy couple hundred dollars worth at a time. That way they can keep building there stock pile of shares, when they think the time is right they will quit placing sells orders at .0001 and let the ask dry up which will let the pps start to move up and then start selling the shares they are holding back onto the market at a profit. Just me guessing of course couldn’t prove any of it.
You are not allowed to place a 5 digit bid on the open market and no one is going to bid.0002 when the asking price is 0001, market makers can place 5 and 6 digit trades but they do not show on the level II quotes.
Delusion was always part of the equation for acquiring The Plant which was understood form the beginning. The part that no one is bringing up is that of the 50 billion shares that were added for acquiring the plant, NNRX has held under control and not just Willie Nellie sold on a whim. NNRX has been very controlled in the way that they have released new shares to the market.
New Share Count is out and only 1 billion shares added. This sort of puts a damper on those crying large amounts of delusion doesn't it.
Just my opinion of course; but I can not see a reverse split in NNRX’s near future; it would serve no purpose at this time. The wording in the 1-A -Pos did not say they were doing a reverse split; they just notified SEC that the Board of Directors had approved the ability to do one. There was no date given, they are just getting all there ducks in a row. The only reason in the near future that I could possibly see for a reverse split would be if and when the banks are allow to loan monies to pot companies they may require a minimum pps, but I dough it. A reverse split is very far down on my list of possible things to worry about with NNRX.