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In otc land the Q is pretty good,
I would crap my pants for 5$
Just as a comparison
Alcoa with 10 billion in revenue has a market cap of 5+ billion
A share price of 25$ gives Owcp a market cap of 3+ billion
I would think it would take an act of god and the devil combined for someone to pay 3+ billion for a company that hasn't done anything profitable yet,
If Owcp managed to get an offer of 2$ I think they would take it
If it wasn't for Owcp that v one and 90% of the other mj stocks out there would be in the gutter but pumpers keep spewing "the next Owcp".
Not saying you can't make money there but it is a pink sheet stock the OS is @450 million the AS is 500 million which compared to here the same AS but the OS here is 145 million and an otc qb stock with no convertible debt.
I would watch for the AS increase over there because that means the dump is coming
Which is why reading the latest financial report is critical to buying otc stock, imo you can skip all the other bs and read the convertible note section to see the chances of getting dumped on
Yes that is the one
The fact that Owcp has cash and no debt is what separates it from others, some were wondering why that V stock is stuck under.03 , we'll just read the fins which aren't filed with sec but someone converted 75 million shares at .0005 in the beginning of the year and that is not all of them, that one is destined for sub penny while this one is destined for dollar plus
Exactly, to insinuate that the company wants to dump now because they delayed the filing makes no sense, if it was such bad news they would have dumped long before
Why would that be the key phrase
I would bet the percentage of otc companies that file late reports is pretty high
I would think it probably costs more to guarantee a report on time
I think you're wrong there but what the hell do I know
Isn't it the first quarterly report by the new auditor
Very true
They are comparing vdr..m with owcp
That one has 3x os which is almost maxed out they will have an AS of a billion soon
Pink sheet also
In reality they only need a few states in USA anyway, California, Florida Colorado and Nevada would be enough and add in Canada. I know if I needed mmj meds and I didn't live in a state where it was legal I'm pretty sure I could acquire it
I agree revs are needed but patents granted on myeloma treatment would give a huge boost, also orphan drug status would be huge for a disease with a high mortality rate like myeloma
What about patent grants
There is not enough volume to confirm anything the chart is telling right now
Some small cap analysts gave axim a price target if 17$ which would give them a 900 million $ market cap, Owcp is at 100 million $
It's nice to see l2 with the big players back, certain mms were gone for a while and arca is still gone which is a good thing
After hours news is coming
That's good I like that better
As in cup and handle chart pattern
Look at marijuana index chart. Whole sector been down. But looks like a huge cup and handle on the 3 year chart
Now dr rosenblat is on the website under the team
The sector is starting to bounce let's see if Owcp follows
There must have been slot of bids hidden below.65 otherwise puma and vert would have kept shorting
To sell today under .70 at the open when there were huge bids over .70 yesterday at the close indicates to me some are running to buy something else
.66 = lower bollie
They will put out news when they have news to put out any fluff will be dumped on so I hope they don't put out any
The sharks smell blood and will continue to short as long as retail keeps undercutting the ask
I would expect if they get patent approval, that would be the catalyst that makes this a 5$ stock. If you read their patent documents there is plenty of novel claims especially on the multiple myeloma
I see retail selling, if you know what dilution looks like this is not. Last week when cant sold to every bid looked like dilution
The Whole point of being a public company is to raise money by selling stock, the manner in which the company does this is the key, an increase of 600k shares is negligible and no one knows what that is for yet.
Could be for a deal we haven't heard about yet or anything.
The sector is down but if you look at marijuana index , the chart has formed a huge cup and handle over the last few years
Looks like a gap down today
Plenty of bids up there for anyone looking to get out