Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Rat does a major disservice to ERBB. We all know this company is a scam but when you see utterly moronic spam on a message board….well, that is a major red flag.
Rat has lost all credibility and his very presence on this message board reinforces that ERBB is a complete scam.
Not sure why iHub allows his spam. The exact same copy pasta messages are posted 5x a day. The page is full of the same repetitive nonsense. Anyone can see that the info is suspect and a pure pump job. Pretty silly stuff
Man alive!!!!!! This board is TRASHED! Fitting for a company that is an egregious scam but one single person has polluted this forum beyond reason. How do iHub even allow 10 years worth of spamming nonsense such as this?!??
My Take on What’s Happening with MNMD
Share price is steadily increasing because someone, possibly FCM or insiders, is trying to scoop up a controlling percentage of shares. Essentially, the buyer purchases a decent amount of shares on one day, then turns around to sell a small percentage of the shares once the price has run up. This basically funds the accumulation of shares.
For example, buy 100,000 shares at 3.75-4 then sell 30,000 at 4.35-4.50, maybe sell some covered calls as well and sell to open some puts for extra liquidity. Rinse and repeat as share price rises, keeping the foot on the gas pedal.
This is a classic technique for establishing a position.
Also, MNMD has massive potential. MM-120 could be a truly revolutionary medication. The medical conditions (anxiety, mood disorders, ADHD) targeted by MM-120 already have numerous multi-billion dollar medications. MM-120 could be a $10b plus medication which would value the company around 2x+ revenue or $20-30b giving MNMD a share price north of 100 (as high as 300+).
Obviously pie in the sky numbers but worthwhile throwing some money at MNMD. I’m sure if someone told you GME would go from 3 to 300 in a little over a month you would have just laughed at them.
Anyhoo, happy weekend!
True. State and Federal Goverments have Mismanaged Legalization
The mismanagement of legal cannabis is just a long line of issues with how states and the Fed have handled the situation and ultimately has been a massive drag on how publicly traded companies can participate in the legal industry. The Schedule 2 classification prevents federally regulated banks from participating which forces the legal cannabis industry to primarily use cash for all their business needs. Absurd taxes have murdered the legal market. Cannabis is taxed anywhere from 10-100x higher than other “sin” taxes for liquor, cigarettes or gambling. Even more absurd is that while the feds consider cannabis illegal on a national level they are all to willing to take some of those oh so sweet tax dollars.
The beauty here is that the markets will dictate the outcome, not stuffy old institutions, and as long as one can hold out long enough there will be hope for reform. Prior to legalization cannabis was so ubiquitous in California that the state was basically forced to legalize, first medically via Prop 215 and later via SB 420.
Same thing is happening with psychedelics. Many dispensaries in the LA area already openly sell mushrooms.
Once all the federal and state bullshit is washed away, the floodgates will open. Banks will open their doors to loans, financing and capital investment. There will be a medical, recreational and Industrial revolution all wrapped into one juggernaut once cannabis and psychedelic prohibition is lifted
Anyone Else Notice This?
For the Sept monthlies are missing the 6 strike options? Oddly enough there is a pretty significant gap in the chart at 6
The Numbers are Based on Industry Comps
Obviously it’s quite impossible to come up with numbers for psychedelic drugs that aren’t at market yet so I’m basing numbers on comparable drugs already on the market. Zoloft, Paxil, Xanax, Adderall…..medications such as those bring in about $3-7b annual revenues.
If MNMD is able to market an anti-anxiety/PTSD/ADHD medication similar to those listed above then I think $3-5b revenue would be possible. Of course with that sort of revenue MNMD would likely be valued much higher, say 2x revenue for $6-10b
Big pharma is scared about psychedelics. For decades they have used law enforcement, the legal system and propaganda to suppress psychedelics. I mean the US and other governments did loads of testing with LSD, psilocybin, mescaline, ecstasy….and what was the result….they freaking banned it. Sure, smoke ciggys, drink booze, take our pills/medicine that you cannot make on your own….but LSD baaaaaaad?!?!?!?
The walls are coming tumbling down. By all means it seems the US is more likely to ease restrictions on psychedelics long before the end cannabis prohibition. And let’s hope MNMD is in good order when the day comes…
In the Meantime, Here are Some Basic Numbers
MNMD has a float of 32mm shares. At 75pps that gives MNMD a valuation of $2.5b which in my guesstimate is actually quite low. Should the LSD based anxiety medication be a winner I think MNMD could actually be worth $5-10b based on comparable drug revenues.
Of course this is exceptionally optimistic but not outside the real of possibility. The pie in the sky share price could be $100+
Low Key Accumulation Happening with MNMD
Since the FCM spat was resolved there seems to be some low key accumulation of MNMD shares. Considering the small outstanding share count (less than 35mm) anyone trying to establish a position would likely do so in subdued increments otherwise they run the risk of a frenzy that might drive up the price.
Maybe FCM is making a takeover play? Maybe info for Phase 2 trials is coming in the back half of 2023 and insiders are optimistic? Who knows?
Get in, sell covered calls. If this one rips, being a biopharma company, share price could easily shoot north of 20pps. I’ve seen it happen before will other pharma stocks, going from 5 to 25 over nice and then 75 in just a week
Looking to Fill the Gap at 6
Seems doable but not sure after that.
You’ve been hurt. Badly. It’s okay. Someday you’ll get over it and move on
Potentially Interesting Setup Here at MNMD
Over recent weeks there have been significant high volume price spikes. Nothing sustainable but still rather odd activity. To me, this signals that somebody wants in….perhaps FCM buying to increase their ownership/voting rights for MNMD or perhaps some other entity (hedge fund, pharma company looking to buyout).
Regardless the buying says to me that someone is trying to acquire and hold a significant amount of shares. This isn’t some day trading or flipping because the volume is usually a spike followed by ho hum activity.
With such a low float it would be quite easy to lock up shares here so if/when news hits the pps will moon
It’s about time ERBB goes bye bye
This fraud has gone on long enough. Lies about vending machines, growing eq/medium, buying towns……Shearin, Gwyther, Jacobs….time to put them all out to pasture
No doubt Shearin still on ERBB payroll
AG has to pay him to keep quiet. You don’t unwittingly commit the high profile, well documented fraud perpetrated by Shearin/AG and not get paid hush money.
Plus check the IP on some folks…..consistency = confirmation.
So far? ERBB has been a scam going on 2 decades
Looks like 3 million shares traded today?
Earnings delayed…..again
BellRock is Dead
No path forward here except bankruptcy and restructuring. They should also rebrand because I wouldn’t touch one of their products on the shelf, much less buy it or ingest it
MedMen is Gone
No way to stop this from going to zero and eventual bankruptcy. No freaking way.
Any suitor would absolutely demand bankruptcy if the were to commit capital to or acquire MedMen.
There is no possible way this company/stock can survive
News Flash - Who Reports Ordering an AC?
What’s next, ERBB issues a PR saying they secured a toilet for employees?
No kidding environment control is essential to growing, it’s just embarrassing that ERBB has to make an official press release about it.
SCAM!
Breaking News - American Green Leased an Air Conditioner
I can believe this fraud still exists. Dumbest fool this side of Jupiter
Poor SNDL
Every time the industry or peer stocks pop SNDL is a total laggard. Every time the industry or peer stocks drop SNDL leads the race to the bottom.
Basically Sundial is a joke and is viewed as such. The CEO is a bungling moron who wasted ill-raised capital on a floundering liquor distributor instead of waiting for opportunities in the US or global cannabis space.
Kick that hack Zack to the curb and give the keys to someone who knows the cannabis industry.
For Reals….Send Zack Packing
Dude blew hundreds of millions of dollars along with completely pissing away any shareholder confidence. The purchase of Whateverthef Floundering Canadian Liquor company is what did it for me…..what a colossal waste of capital and an idiotic pivot into another industry when SNDL can’t even establish a strong foothold into its primary (cannabis) industry. I support the cannabis movement sweeping the globe but companies like SNDL are just shady leeches who will be long gone when the real players come to market. No respectable institution would buy SNDL because unwinding this turd would be far more time consuming than just spending the capital to build from the ground up.
Zack can’t handle the green, and he also can’t handle the liquor. He’s a junior high punk who needs to be sent off to reform school
Hahahahahhahahahha!!!! LMFAO!
Suckers bought in again?
Breaking News - O’Leary is a Clueless F**kwad
Take it from someone who is in the industry, O’Leary oozed his way on to Shark Tank as a nobody who got lucky with a hit show and has parlayed that fame into a psuedo-successful personality. He was a relative nobody prior to Shark Tank and since has become a household name, using that recognition to release a bunch of financial nonsense including some underperforming index funds, half-assed “brands” and recommendations that carry weight for those foolish enough to think he has cared because he’s on TV.
Basically, O’Leary is a Kardashian with half the money and following but none of the hair. Although he may s*CK a mean D like a Kardasian…..
Yup. Share selling scam to be precise.
Zack has no vision for this company other than more dilution. The reverse split did 2 things;
1. Kept SNDL Nasdaq compliant (for now)
2. Paved the way for more dilution
The real problem is that Sundial has no path to profitability or viable business model, Zack is a clueless monkey who cannot fix that problem.
So yeah, SNDL will drift sideways and eventually down. The company will piss away the remaining $300mm in cash and before long there will be more dilution.
Stock price indicates the company is trash
Technicals mean squat with penny stock junk like SNDL. All that matters is the company is a penny stock trend scam with no path to profitability, much less a viable business model
SNDL: Share Selling Trend Scam
The company makes squat selling cannabis. All management has done is sell shares and pissed away the money buying a liquor company that is equally as unprofitable.
Zack George is an ass clown and he has driven the company into the ground. He hasn’t developed any credible source of revenue or business model. Dude knows nothing about cannabis and even less about being a leader.
Cut this turd loose and stay away from SNDL as long as he is involved
Like I said PURE JUNK
Ha!!! You do you and I hope it works out.
Alcohol has traditionally done well during recessions and depressions. Hopefully cannabis will do the same and SNDL moons but I am certainly not confident here.
The USA is a mix of 1860s USA social troubles, 1929 USA economic troubles, 1930s Germany political troubles and 1970s Iran religious trouble.
We’re in for one hell of a ride and I hope we make it to the other side without another Civil or World War
Dips buying the dips….
Smart money was never here in the first place
SNDL is a gambler’s den. Institutional money here is non-existent, < 3%
Degenerate money is here, me self included
Full Disclosure
Over the past 15 months I have accumulated 85,000 shares at a cost basis of .64 but since many of those shares were acquired via assignment from shorting puts and in turn, I sold covered calls against the shares, the cost basis is effectively zero for the position.
Unfortunately at this point, even though the position is paid for and now a net profit because I have 750 open covered calls that are deep in profit, I just want to liquidate the SNDL position. Once I cover the 750 covered calls I plan to then sell 850 calls in the .50 strikes to get rid of this hot mess of a stock.
Sundial is a horrifically mismanaged company. The board has one sole focus…..line their pockets. They know little to nothing about cannabis or the respective industry and this is especially so for the CEO who is a rich kid turned subpar hedge fund guy.
I have zero belief that this company can turn around and I’d like to get out before the inevitable reverse split because it will decimate my ability to sell calls in decent volumes
No chance.
First of all with 90%+ of SNDL holders being retail already it’s pretty comical to think there will be some surge when SNDL reports. Second the report is gonna be a joke because the revenue may have increased with Alcanna but that still won’t make Sundial profitable, just more bloat for the inept management to struggle with.
This company is garbage. Their management is garbage. And in turn, the share price is garbage
Only Meaningful Action for SNDL is Reverse Split
Nothing to prevent the rs. That will probably be the last of SNDL…..reverse split, flounder for a bit, get absorbed with another crappy Canadian LP
SNDL is Pure Junk
No chance SNDL gets over $1 and a reverse split is inevitable. The Alcanna acquisition brings little value to SNDL as it just adds a bloated retail liquor business which is yet another “division” that SNDL’s inept management will certainly just fumble. The acquisition artificially inflates SNDL revenues but doesn’t bring a profitable business to the table.
Let me say that again……SNDL is NOT profitable. The company operates at a loss meaning they are spending money with no foreseeable path to profitability. The only way SNDL has EVER generated money is by diluting shares.
At this point I doubt even full scale US legalization will help SNDL. Maybe a merger with another crappy Canadian LP?
Aside from being a crappy company, SNDL is also likely being kept down by political, social and economic forces working against cannabis reform or at the very least, being beat down by folks who want to control the industry before legalization. Either way, this stock is trash, SNDL management are dumpster divers and this will reverse splitting in August, if not sooner
If losing money is good, then we great.
SNDL is a joke. Thankfully I’ve been hedging here since day 1 so the losses have been minimized but at this point I can’t even give away covered calls any more.
In English dead call option premiums mean SNDL traders think the stock price is not going up any time soon because reasons.
Daaaaaang, Call Option Premiums are D-E-A-D
Future is bleak here folks. Very bleak
Ha! Wouldn’t surprise me if they offer retail coupons to SNDL owned dispensaries as a divided.