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Well there is over 3M on the ask with nothing on the bid so some may beg to differ
Major volume in first 45min already 3.3M. Wouldn't be surprised if it crashed to low .003's and then recovers. we will see what the short volume looks like at EOD but this has been the wildest morning in a while.
With the short interest they must keep it down to cover, it is not a demand issue it is a supply issue as there is not shares for them to cover. They must sell it down to cover it risk loosing big time.
Looking at L2 there is a lot of posturing going on to close of the short as the bid is starting to flip. Almost 2M on the bid with NITE at 1.2M at .0037, me thinks they need to cover
Does anyone have a clue what the O/S is as this point? As of May 2nd there was 1B and the A/S is 7.5
Can you post a screenshot of email, with personal info blocked out of course.
Low float OTC stock up from trips with no news. Just like we gamble it will go up the think you will cave if they show weakness in stock. Plus it worked couple times with run up over .004 then back to .003. Though I think low volume and lockup of float could cause problems for them to cover
I agree, but i'm getting tired of people saying thin thin thin. I think it's great that this has held its gains from the initial move from trips. We have been churning here for over a month and have built substantial support at these levels.
the volume has been consistent but small, I will agree again that another 20M volume day will send this rocketing. I feel good about the gamble with the DD that has been presented but this is far from a given and could hit trips any day just like RM news can hit any day.
It was due to lack of bid support and it was all retail bid support most of the day. this has held nicely but the ask has been stacked for the past couple weeks without much MM bid support. Hoping we here news soon before bottom drops out
So where is that bid support? looks like we might finish in the .003's if people feel like selling before EOD
Do you have a L3 shot as on L2 there is only ETRF 227k and not much else, ask is over 900k
I wouldn't be surprised with a close at .0035-.0037 as bid support is gone and ask is still pretty heavy. One thing even with it over 4's still no selling. People are white knuckle gripping their shares thats for sure.
They are on track for at least 4m in sales this year. That is just based on Q1 revs. They will most likely be closer to 7m in my opinion.
So they are obviously doing something right and are more than just a pump and dump. Estimates for the industry are billions a year in sales. Say 3 years from now its 5b worldwide and vpor gets just 1%, thats 50M a year in sales. I feel they will be better positioned for future growth as they are already compliant with fda proposed regulations and ejuice where the real money is made is manufactured in the USA with all organic materials.
Then the added benefit of being public which gives you better access to marketing and promotional campaigns then smaller operations. People forget they have been in business for a year and public for six months. They have done a lot and are making all the right moves to be major player in an explosive industry.
That would be just as good in my opinion. A foothold in the north east in NYC will go a long way to establish a brand.
that would be insane and make Q3 mind blowing. Would make sense once again with hanover's willingness to lend 1.2M under the terms
And reinforce the claim that is unique and the best portable vaporizer. No others can claim government contracts
Pure speculation, maybe a distribution agreement with the State since they just passed medical MJ and do not allow smoking but vaping
Main benefit is the ability to charge more for advertising. How many people show weekly at Toys R US, Benny and team can tell advertisers we will get this many eyeballs on the ads per week. And this is just the first large distributor. Benny has stated before that they are not a competitor of Marvel/DC/Image they are here to help the whole industry. this is why Marvel/DC might see Red Giant as an ally they would want to assist as this will only have the potential to get more kids into comics and this is what the industry needs/wants
the added bonus is more awareness of Red Giant IP that can hopefully translate to cartoons, video games, movies ect.
"Here is the first of many big news releases"
Its going to be a fun summer
Here is the first of many big news... http://t.co/mXOJGVgb1W
— Red Giant Ent (@RedGiantEnt) July 11, 2014
Giant Size line to be distributed to Toys R Us stores starting in first week November, the best part is its freee
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10092073
6.4M in volume in first hour with mainly buys. Def interesting move on a friday in the summer with a subpenny stock. Perhaps some news next week. Though we will have to see how it acts towards the end. If we hold strong and get >11M in volume and finish green, things def look intersting for next week.
There are not SEC reporting companies but FINRA is in charge of ticker symbols so the sale of one via reverse merger is in their hands. Think of it as FINRA let's you play the game SEC enforces the rules
Nothing is 100% certain as FINRA can be a dick sometimes. To me they are the only thing in our way. Which is why you are able to purchase subpenny. Once FINRA approves this will go copper and then silver if all of the DD here is even remotley true. The only thing is the waiting game as FINRA is on no timetable but their own
These types of plays do not take off until everything is released. There has been no official PR from FINRA, once that hits it will move. This is why it is a big risk/reward you are jumping in early before everyone else knows whats going on.
So far we have a signed form with Nevada SoS with name change of GLGT to Turbine Aviation signed by Victor Farias and now news from MM saying that the shell was sold and merger complete.
I bring up SPLI as that was the last RM play I was in. Even after the company PR'd the merger it still traded right where we are at right now. Once the news started perculating, they went current and started talking financials the stock took off.
Everything in investing is all about first mover advantage whether is getting in or getting out. Its all on FINRA right now but once the approval goes throughwe are golden
Yup, I just email the confirmation number, hope to get it on Saturday as I paid a couple bucks for first class shipping, if i didn't care shipping would have been free.
They are not at of stock as much as backordered but either way i take it as a succesful launch.
I think they have a lot more up their sleeves as there was a reason Hanover was ok with .18 conversion rate and Vapor set the due date after Q3 earnings
Ordered mine 2 hours ago and already received an email that it shipped. These guys are pro's and one of the only penny stocks that acts like and is a legit big board company
Reverse Merger is complete, can any one argue that it is not?
Wow, sold out in a day. Glad i ordered mine ealier today when i did. can't wait to test it out.
http://www.thevapor.com/store/starter-kit/the-vapor-box-thb.html
Did not part just ordered VaporBox, will post review next week after i receive
another example of how thin this trades
People on here have questioned the validity of the news from MM about the sale and completion of the merger. However, if you look at the list of company's 4 out of the 7 have already gone through name changes in bold and the other 2 have filed attorney letters to go current and announced merger/acquisition news. So they may be lieing about GLGT as that is the only one on the below list that have not officially been approved
finance.yahoo.com/news/mina-mar-group-mmg-lead-183000340.html …
Infinex Ventures, Inc. - SOLD - INFX
MONARC CORPORATION - SOLD - MONA
Resolve Staffing, Inc. - SOLD - RSFF
SENSOR SYSTEM SOLUTN - SOLD - SSYO
PTS Inc - SOLD - PTSH
THIRD MILLENNIUM IND - SOLD - TMLL
GLOBAL GENERAL TECH - SOLD - GLGT
Mergers Completed and all records updated on the above lot
If everyone wants to help the stock and company they can do 2 things
1) Buy a VaporBox or other Vapor group product
2) instead of promoting the stock, promote the company and its products. Blast all weed/vape message books, forums, websites, emall high times or any other place you can thing of to get them promotion and eyes on their products. Post youtube reviews on VaporBox and how it is better than the competition
The best thing that can be done is to give them market awareness and draw people to them early in this movement. All of this will allow them to become a Brand Leader. The share price will follow if they make all the right moves and continue to grab market share in these explosive industries
If i remember correctly, I think Wolf or someone else mentioned hooking Vapor Group up with a couple of Colorado shops during denver conference a couple weeks back. I would imagine this would be for the distribution of the VaperBox. Also, Hanover was their at the conference and someone with as much money and clout you can assume the could/would flex some of their influence and help Vapor Group secure distribution. They have more money in the game than all of us and I think they would like much more than 30% on their return.
Heck, we even have Bear on here trying to start up some franchises and assist Vapor in their growth. They have some muscle behind them and continue to make the right moves to establish a name brand and grow revenues.
I know, just tired of the arrogance. He adds nothing to the discussion. If he wanted to contribute TA that would be fine but he just comes across like a dick version of claytrader without the charts to back it up
Yes i am set on being long till at least March. I have tax reasons to hold as if i sold now i would end up owing too much taxes due to bracket issues. I have reasons to hold besides the company's fundamentals and i like to make that clear. I did well on the run from sub penny to .30's and hold about 600k free shares that i am willing to loose everythnig on for the big score.
I do believe in the long term prospects of the company and have every reason to believe that the price will be higher 6 months from now.
I am in for the long haul at this point for tax reasons, if i sell now i will get screwed this year so I am happy to wait it out.
I feel things will turn around and the stock will be trading in the .12-.15 range after Q2 and will really see the momentum for Q3 when store fronts are open and we are getting the full effects of American Smoke.
I would hate to miss out on the next Concur, Monster Energy, Pier 1, True Religion and many more. but i know there are no penny stocks worth going long on.
Guess if it goes below .05 it will be great buying opportunity. At that point it will have market cap of $16M, if the do $5-$8M in revenue with their profit margin of 55%-60% then this will be greatly undervalued and a takeover target as they will have a market cap of 4 times gross profit.
You are assuming that nothing will change between then and now and are basing your predictions on the chart, if you only listing to the chart you would have missed a run from .003 to .40
Where do you think the PPs will be on 10/31
The company has done everything they said they would and more. They sad 7 figure revenue, they got it, name change done, canibus cup check, acquisition check. They have done everything and then some to grow this business and give themselves a competitive advantage over the competition.
Everyone is spoiled from the run to .45 and expect it to jump right back up. With the fallout of the MJ sector there is hesitance in all stocks affiliated with the sector. A PR will not shoot this back up to .45, continuous quarterly growth will. Just need to remain patient and understand that nothing has changed.
We are trading purely on TA right not that is all.
During this stage of their business i am happy with them focusing on growing the business and increasing revenues. Penny stocks that manage the stock price are not good, these guys conduct themselves like a big board stock.
When there is news to PR i am sure they will issue one. As we have seen with news that does not mean the price will go up.