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.
Just curious why if a Company knew that a group of investors were going to short their stock that they would not head it off by buying $40M-$60M of their own stock (at the best time) and burn these manipulators. That would teach them a lesson and would stay away from ACBFF
I did lower my risk of an event considerably, would be sitting in a much better position if I had sold 100% at that time. I think we found some support, the stock bounced back pretty fast once it dipped below $8.00
I sold half on Monday, then bought back in today at $8.00. Still took a beating with avg price of $11.00
I also have Golden Leaf Holdings GLDFF $.3366 which seems like a pretty solid play.
Great time to buy ACBFF, just loaded up
A couple US stocks that I hold are
GRNH GreenGro Technologies $.052 per share
Terratech TRTC $.294 per share
Huge pullback of around 20% so it's a great time to get in.
From The Fool dated Jan 8th 2018
The marijuana stock with the lowest forward P/E ratio is none other than OrganiGram Holdings (NASDAQOTH:OGRMF). My bet is this wasn't your first, or even 10th guess. Wall Street's average 2019 EPS forecast suggests that OrganiGram has a forward P/E ratio of just 27.3. That is cheap relative to its peers.
Hmm, greenhouses. What could they grow in these greenhouses. GreenGro need to focus on growing as much cannabis as they can. Then they can make some serious cash.
It appears that the T. Rex did not partake.
Why? because you are holding the other 95% of the shares?
I do not agree with you on that one Dogger. The reason that stock took off was due to the purchase interest from Aurora.
I am usually suspicious of those expensive consulting fees, especially when they are going to cousin Vinnie or another family member.
Would it not make sense to walk from the deal if Cannimed gets too greedy?
Walk from the deal, let their stock tank and then accumulate it back at a huge discount.
Aurora should announce that the Cannimed deal is dead, watch their stock tank. Wait a bit then buy up the shares for half the price.
GreenGro should get some grow licenses and start becoming a major producer of cannabis. They could become their own best customer by buying their own green houses. This is what I would be doing if I were the CEO.
This stock would go through the roof just with the announcement.
Aye, that is some good news. I was taking a hit on my gold stocks these last few days.
Wow almost 3 Trillion shares. Reverse stock split of 10,000 to 1 to get it to 300,000 authorized shares
at $17 per share
If they really want to make a crap load of money start growing cannabis in some of their state of the art green houses.
Well Dezzy I think you have a great chance here especially when the USA legalizes cannabis. I think that this stock could easily get to $5.00 a share in the next couple of years.
here is a nice YouTube video from Judge Napolitano
I would much prefer to see a stocks price go up organically. I am long on TRTC and would like to see them grow into a powerhouse cannabis company.
They are off to a great start and I am feeling good about my investment here.
I'm excited to see what happens to the stock price once productions starts and the money starts to roll in
I'm not following your math. If TRTC did a 5:1 reverse split at current price it would be $.38 x 5 = $1.90 per share.
Just a basic move that has worked out well in the past. Not saying that it will every time. Seen too many companies lose half their market cap after a RS
Aye, I agree. Normally at first wind I sell. Then wait for the dust to settle and start scooping up cheap shares.
Whoops sorry, at happy hour
Decide number of shares by 5 and then multiply share price by 5.
It’s a wash
Divide share price by 5 and then multiply the share price by 5
Market evaluation would be the same
I sure hope so, I’m sitting on 10,000 shares. As soon as the stock market bubble pops you will be pleased how much this stock goes up. Probably 1000% or more
Ahhh, wouldn't that be sweet !
I agree Bro, just adding to my stock pile.
Thanks for straightening me out, I was getting ready to dump TRTC lol.
Now I'm adding
Still working on my first cup of coffee lol. Oh, my apologies I was 903,170,577, almost a billion shares
A 1000/1 reverse split would mean if you had 10,000 shares before the split afterwards you would have 10 shares. At current price those 10 shares would be worth around $370 so you are really not making any profit on it, its a wash.
The reason that my scenario came up with 1000/1 is that almost 1 trillion shares is astronomical and 1 billion although a lot is a little more reasonable.
Aurora Cannabis has 448,000 shares outstanding. For TRTC to get to that level it would either have to buy back a crapload of shares/retire them or do a 5000/1 stock split which would put the stock price at around $1850 per share. Remember though in this scenario if you owned 100,000 share before the split you would then own 20 shares valued around $1850 per share.
Just to put it in perspective if TRTC went to 1$ per share it would have a larger market cap than Apple Computer.
I hope this explains things a little better.
As long as revenues continue to sky rocket the stock will be fine for the time being. They will be accelerating now due to recreational coming on board and has not had time to reflect on the balance sheet
You are correct after the reverse split the value remains the same for the stock holding. the share price will go up to whatever the ratio is
1000/1 reverse split would leave 990,000 authorized shares
1000x $.37 or $370 per share.
And you should be able to get 3 harvests per year for a total of 570,000 lbs. Now thats a lot of weed
Thats funny time traveler, I was going to say the same thing about the next gold rush.
GreenGro is #2 fastest growing Company in Orange County.
Been a stock holder here since last Friday and pleased to be on board.
Terratech is #1 in OC which is one of my top California Picks
https://investorshub.advfn.com/uimage/uploads/2018/1/8/oixgu26220268_918134061671365_1120414924931263766_n.jpg
I see my Greengro is #2 which is nice to see.