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Where do you get .80 ?
I think you are off by a decimal place. .08
Chart looks like drop in pps eminent. Sell now and by in much lower. Large amount of electric and hvac needs to be completed prior to final hc approval. ta+fa=down for now, back to this level in a bit IF things go smoothly.
Rich,
This company will see a bump off of their financials related to their seafood business and probably off of a pr for a land aquisition to grow in Co. The reality is that you are correct and it is all about dilution and profiting off of os.
Thanks for your persistence. Fool me once, shame on me- fool me twice...
Very happy with LATF. Profitable company that is doing or exceeding what they say. Delivery website rock solid. This company is what people were hoping to find by speculating on other companies like PHOT and FITX. This is going to pop, GLTA.
So if they are not shut down by Windsor for not following the regs, they are going to germinate seeds and have cured product to sell in 6-8 weeks. Lets do the math. Germinated seed after 2 weeks-2 inches tall. 5 weeks flowering- immature flowers. 1 week trim and dry. No time to cure. Estimated harvest per plant- 1-2 gram if lucky.
Yes Yes Yes !!! This is exactly what I have been saying. This is by far one of the best stock in the mj sector. I am surprised we have not seen an increase in pps. The rest of the sector is overvalued. At this price, latf is a bargain. Rock solid fundamentals. The math doesn't lie. Great job on this earlyret. The index is correcting and should make this stand head and shoulders above anything else in this price range.
Yes misinformation is correct. You want to believe but the math of growing 1.2 million pounds with a facility of this size is unrealistic. The best of the best growers with the best genetics could not touch these false projections. Do some research into the botany of this plant. Try to find anyone growing 4 lb plants indoors. Welcome to reality-back me up dispensary owners and legal growers. PLEASE shed some truth on this.
zupe,
if you did your homework, you would know that this facility will/could only produce a fraction of what they are claiming. This is a shout out for anyone that understands the mathematics of a grow of this size and what it will really produce. Come on , dispensary owners and legal cultivars- chime in on the real potential for a grow of this size. 4lb plants in 38 days?
The rumors about future of this business already made stock blow up. The facts will not improve pps. Resistance is broken. Maybe stops at .0759 but probably going back to next resistance around .045. The mythical super grow with 4 lb plants has already run its course. Fade to black. There are still a few good plays in the mj sector. One very exciting play moving to Denver with actual revenues and a foot in the door on the massive Orange County market. Do your homework.
Massive dilution coming with hc permit- classic setup-bait and switch-real future earnings of this stock will tell real value-mjindex getting in touch with more realistic but still overinflated pps- bubble bursting-LATF only undervalued stock- FITX overvalued along with PHOT and all of sector
Don't be too excited about cen/fitx bringing this company up. They are basing their numbers on growing a plant that would go from seed to 4 lbs. in 38 days. They would be doing way better than anyone else in the world if they could pull off 1 oz. in 38 days. The licensing day in Canada is just a big set-up for PHOT and FITX people to hang on while these companies embark on massive dilution of shares flooding the marketplace. Donkies chasing a carrot on the end of a long fishing pole.
Phot post $21,000,000 loss for 2013. LATF post $900,000 profit and trades at 10 x earnings. You do the math.
Broke resistance @ .58. If it breaks .54 (or gaps down below .54 in the morning)it could easily build steam and crash through the final resistance @ .50. Looking at the past month, PHOT is on the cusp of a complete potential collapse. If we go below .50, the self-fulfilling prophecy attached to a more realistic pps could plunge this stock at a tremendous rate. Keep your finger on the ask button. This looks very similar to the average life of a pennystock. Hope you guys enjoyed the ride and get out on top! The poor financials (8,000 x earnings) are about to devastate this stock in the a.m. There are a lot of skilled traders that have been holding this ace card waiting for the financials to come out. I would be very surprised if there isn't a newsletter released in the next 24 hours with a very strong short interest. Sorry to all the new /young investors-welcome to the game.
10 x earnings would price this stock around .055. That's a nickel per share. Don't be tommorrows April Fool. PHOT is going to gap down bigggg tomorrow. Shares to short are out there. How can any of you guys be happy with these earnings. Are you guys on pot?
Trained monkey. Your math equals a few million. Got ya
Exactly! I love mj too but you guys are pricing this like a multi billion $ company. In reality, this thing is not even close in future earnings to a million $ company. I challenge anyone on the bandwagon to prove me wrong with numbers or facts.
According to my math and a generous 5x future earnings, this stock should be trading for less than 1/10 of the actual price. Where can I find shares to short? This could make a LOT of money on the way to the basement. Looks like it is going to come down for a long time. GLTA
CNN is airing "weeds 2" tonite w/ DR. Sanjay and a focus on CBIS. Is MJNA also going to be mentioned on this show? I have put out post on other boards but can't find out who else is going to be mentioned on the show. Does anyone have any info on any of the other companies in the sector that are going to be mentioned?
Not sure if you can call it transparancy or not. Looks more like a pump when the owner is posting PR on facebook and then selling $3 million dollars in shares. I would like to be optimistic on this but... What do you think?
CNN is airing a special tonight called "weeds 2." Looks to be about the medical side of MJ with interviews w/ Dr. Sanjay and a focus on CBIS. Does anyone know if PHOT is also going to be mentioned on this program (or who else?) Does anyone think that this stock is being manipulated on level 2 to pump it up (in conjunction with the airing of this show ?) Just wondering what people think. If it is being manipulated - would it be better to take profits before or after the show? I will be in and out of this play, just wondering what other traders are thinking.
CNN is airing a special tonight called "weeds 2." Hopefully going to give the sector a bump. Sounds like it is going to focus on the med side and the benefits of MMJ. Speaking by Dr. Sanjay and discussions with the companies that are trying to create medicine. I know that one of the featured companies is CBIS. Does anyone know if FITX is also going to be mentioned on the program (or who else for that matter ?"
Great week for shorting. Bill Chaaban sold enough shares to not only cover his investment but made a 76% profit. Actions speak louder than words. Looks like the captain has jumped ship.
LEDS technology creates a cooler grow environment and a much lower electricity bill. The technology is still improving but has a way to go. It will definitely not grow a 4 lb plant in 30 something days. If it did, global food production would have changed on a large scale. The food producing giants would have already latched on to it. It would be nice to hear from other people with knowledge of horticulture. I like to dream also, I just can't believe people are buying in to this. Somebody show me a production facility growing 4 lb plants indoors in 30 days, or 90 days, or 120 days.... It does not exist.
toobam ,
I do not have a position in this company long or short. There is no technology on the planet that would make a mj plant go from seed to 4lbs in 30 something days.
Just calling a spade a spade. These numbers are not even remotely close. Would any people with knowledge of this please chime in.
fitx owns 75% of an 80,000 sq. ft. grow. This gives us 60,000 sq.ft. to work with. If you take away a small 5% for egress around growing areas we have 57,000 sq. ft. to work with. A conservative footprint for a 1,000 watt light is approximately 36 sq. ft. This gives us 1,583.3 lights. The best growers on the planet could get close to a gram per watt, or around 2 lbs per light. Multiply this by 4 harvest per year and you get around 12,666 lbs per year. These numbers would be for the best growers on the planet. A grow of this magnitude would be awesome and difficult to maintain at this level. People have been perfecting grow enviroments and the science of this art for years. I do not see anyone topping this by a multiple of 10. I challenge anyone to show me pictures of 4 lb plants being grown on a large scale in an indoor environment.
Show me any one growing 4lb plants grown indoors, let alone consistently. They do not exist.
Yes, you are correct. And that 2lbs would probably be quite a few plants- even for a master grower. To fill a warehouse with 4 lb plants would be like every person that comes to bat in the mlb hitting a home run. DD on PHOTs other gift recipient is showing a 4 yr. old company that has had multiple owners, is not profitable , and has had a hard time staying in compliance with its oil production facility and difficulties with staying current with its paperwork (it also has been rejected for recreational.)
4 lbs per plant in an indoor grow is not realistic. The best growers can pull off 1 gram per watt( approximately 2 lbs per 1000 watt light - this is not done with 1 plant. The 4 lb indoor plant does not exist in a mass production facility-not even close. Photron (phot) does not have a secret technology that would allow this to happen. If they did, they would have blown up a long time ago. If FITX can produce 1,000 lbs per year, they would be in the upper echelon of indoor grows.
This stock is going to be uplisted in the near future. Fully reporting. This is going to bring in the forbes/wsj/cramer/cnbc/... crowd in from the sidelines. Then the license is going to blow the roof off.
This is exactly the direction Health Canada is heading into. The license will happen. Five times future earnings puts this stock at over $2/share. Twenty times future earnings would put this stock into the stratosphere. The initial economic thrust that I have witnessed in Colorado is going to put this company in an amazing place filled with big opportunities. A large distribution network is the key to domination in this industry. I like where this is headed!
Ocean,
Rock solid TA on this. I was seeing the same thing on the charts. We are hovering a little too high above moving averages but the price of this stock is nowhere close to the potential of future earnings (especially when you bring in the concept of multipliers x future earnings.) I agree that after the smoke clears on the open house, we are going to see a nice bump in the near future. The DD I have done on Canada and where they are heading with the licensing looks extremely favorable for these guys at this point. Exciting times ahead. Just have to remember that we are in pennyland and anything can happen.... Thanks Again for the post and Good Luck.
WB