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That may just be enough to send the stock up somewhat...given this is a growth stock...the first thing that has to be there is topline. I'm sure if this stock starts to move up ...a number of factors will be waiting to dampen that move...dilutions and short term flippers primarily.
8K told us nothing new. The stock has flatlined over the last few trading days
Paid operatives by the company to pump the stock in here
So far without the outrageous volumes of a couple of days ago (due to dilutions) this stock has flatlined
you're right about the pumpers with multiple aliases ..maybe even paid or working for the CEO. you can spot them by their non-sensical claims about how the stock is just about to take off and you better buy now...without offering a shred of evidence or logic around those claims
The June actual revenue # was already reported by Jimmy @ $500K which means $6MM Annualized...this # was attributed to Bud Cars growth. So all of this discussion Bud Cars revenue appearing in the financials seems to be moot at this point unless you think Chan just flat out lied in reporting June results
Don't hold your breath
Talk and PRs are cheap. Hire a public accountant to audit your June results and publish them in the next PR...watch the reaction on the stock after that....unless of course the PRs are bllshtt
Lets face it. This stock should have tripled over the last few days when the dumping was stopped or slowed. The fact that it didn't just points to the fact that nobody believes the PRs anymore or this CEO. We have a real credibility problem that is simple to fix if this is a serious company and CEO
10 days to close of July.
This stock is just barely keeping it's head above water daily now in absence of massive dumping by the CEO.
What exactly is the CEO waiting for to publish some tangible proof of his recent growth #s he reported...I'd like to see $500K revenue in June verified via prelim audited financials. This will benefit all stockholders including him.
Has to be true or else CEO would not have reported $500K of revenue for June month through Bud cars growth primarily...or unless everything he says is bllshtt
Yeah....but flatlining or slightly recovering is still not where we need to be...CEO owes us some real news in the form of financials ...if he can deliver on this...I suspect the stock will jerk upwards even if there are some more dilutions along the way. Right now there is a CEO credibility issue at stake in addition to the recent dilutions hurting the PPS
Looks like the massive dilutions going on recently have been curtailed or stopped (based on volumes traded) ...so PPS seems to be stabilizing
Apologies if I hurt your feelings. No worries. Your not the only person on this board that posts in broken English which is what I meant to say
You may be right...the 52 week low is below $.002
I'm hoping we make it till the next earnings announcement early August and possibly something on the LA Hub Opening... and this thing spikes abit..for me to dump and run.
If I were a new investor /trader looking at this stock..I would wait to invest after July results are in...at the earliest. It may look like a cheap price now...but we've only had one green day in the last few weeks and the downward trend has still not been reversed.
This CEo could help stockholders and himself greatly by publishing some prelim financials for June showing $500k in revenue. All of these questions around his credibility would at least temporarily go away
This CEo could help stockholders and himself greatly by publishing some prelim financials for June showing $500k in revenue. All of these questions around his credibility would at least temporarily go away
Sound advice for every investor. Time has come for this CEO to put up or shut up Publish the prelim audited financials for June ($500K Revenue)...we can't wait until October to find out that all of the claims made along the way were false
Less than 40MM shares traded and still closed down for the day...which means in the absence of major dumping /dilutions (apparently) still can't close up for the day??? WTF??? Nobody buying this turd stock now believes that there is anything but short term flipping profits to be made. Which means the CEO's credibility is ZERO
CEO should put up (prelim audited financials for June month at least showing $500K in revenue)...or shut up and stop diluting
Hope you're right so I can dump this shtt of a stock and run the other way
Bottom feeding is a tough going today with the CEO apparently on holiday and not dumping cheap shares
It's pretty obvious from the volumes today. So now we're looking more at what investors are willing to pay and what they are willing to settle for
We need a strong spike/run to leave all the bottom feeders behind
Unless we get July results reported and better yet...a prelim audited financials for June or June/July timeframe backing up the CEOs claims, there would seem no real interest in buying into this stock...unless it's below $.003
There's only one MM and it's the CEO who owns 71% of the shares/stock last report I saw and has many billions more registered to issue going forward. He's the only one that has enough shares to tank this stock with cheap dumping in order to fund expansions
Debtors that chose to convert their debt to stock show faith in the company's longer term future. I'm however surprised that many would want to do this given the downward spiral of the last few weeks
What makes you say that? We're still 12 days from month end where we get a July close update (hopefully) that could show good results (if you believe them)...In the meantime, not sure we will see a slow down in dilutive financing which will continuously put downward pressure on this stock PPS...I don't see an upward push until July results are in or there's an announcement on the LA Hub being successfully launched..which should have already happened based on prior announcements...so no explanation of the delay for that provided
To go to .01 ...with approx. 2BN shares outstanding..would mean a market cap of $20MM ...or 5X what is has been in the recent past (now even lower)
Unless profits/sales go up 5X what makes you think it will get to $.01?
5X sales from the last reported # (I think it was around $4MM/yr) would mean the sales # should be around $20MM /year. That would take organic growth + opening of LA Hub to get there. Not seeing any news on the latter and they are late in that.
I'm sure what's attractive is the business model of delivering weed to the home in times like this. It's a no brainer if you have the supply chain and infrastructure to do that. I still have my doubts whether this is just a small company talking big plans that in the end will deliver little or nothing... or it's a legit small company starved for funding (thus dilutions) that will in the future be a big one delivering on it's strategy. I tend to believe the former based on the track record of this CEO, but time will tell
At some point you run out of runway (through downward pressure on pps) if your funding through dilution and your price has to start to go up or you risk completely destroying your market cap
I hope we are there now..and the dilution machine will at least slow down and let the PPS uptick. If not, I see $.001's in the near future
And yet we did see a spike in prices during this time...so at some point the results or expected results overwhelmed the dumping of shares. Problem with that model is that we may now be at a point where they need to report some results of all that dumping (funding their expansion) to help overcome the price weakness since end of June. If they've invested in bud cars expansion and their topline and GM% begin to reflect that soon..we could see some shareholder value/pps go up...but they've got to show it soon
Valid points. But it's also time for chan to show more than just tweets and news articles. Take some of those funds and invest in publishing prelim audited financials which would help him in future fundings and existing shareholders rewarded. Would be a win win
Valid points. But it's also time for chan to show more than just tweets and news articles. Take some of those funds and invest in publishing prelim audited financials which would help him in future fundings and existing shareholders rewarded. Would be a win win
Hoping the latter so I can dump my remaining small lot before he does his shtt
There's a form file with the SEC that shows he registered 10BN shares with a par value of $.001. Which means he can offer that many shares. It also shows he owns 71% of the outstanding shares at the time. He's the only real MM
Chan has billions of shares waiting to be dumped if any upward pressure appears, so not so sure this goes up from here. If not Chan, the flippers will be ankle biting this shareprice all the way up delaying any movement upward as well
Did Chan throw shareholders a bone today..or did his printer just break?
Anyway not the time to spike the football...after hours trading the stock is down 9%. A one day green close does not make an upward trend. Don't buy anymore of this stock unless it gets below .0015 (if that). The risk of dilution remains. Better yet..lock all your shares at an ask of $.10 and go long and move on to something else until this stock shows further life
I keep posting this..but until the CEO releases audited financials that show the revenue and margin growth he's boasting about...nobody knows for sure if this is just more propaganda to spur investors to buy while he dilutes further
Even though the company isn't due to report financials until Oct. A CEO interested in preserving shareholder value would and should publish prelim summarized, audited results at the end of July for June/July months to help boost his stock price and credibility
You're on the few real investors on this board. The rest are Chan bots and paid posters to pump up this loser
The only people crying will be those that didn't sell three weeks ago when it hit it's peek