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Excuses are like...pot companies did very well in CA last year. Well, the ones that were actually selling product. Multi Billion dollar industry just in CA. SMH
Well, to get investors they tell people they will have a launch at a particular date. If that date does not happen, the investors sit on dead money. When they keep pushing the date, they lose confidence of many shareholders to do this little think called EXECUTION. It's what you do with a business plan. I have to take a breath, I am laughing so hard tears are coming from my eyes.
Tell me how the share increase does not dilute your shares
That is fine that you feel that way. FACT if you have not traded this stock during the ups and downs your shares are diluted because they failed to launch the product when they said they would. Fact. Do you you ever listen to 10Q calls and hear institutional investors make excuses for management?
PPM = increase in shares so they can get money and your shares are diluted. If they had revenues and this would increase revenues by the same percent plus some that is okay. But when they issue shares with no revenues that is pure dilution.
Boustead should not have been brought until a product was available. Most of the moves they made they could have made after they had a product on the market. We don't even know if they will deliver in March. The date has been moved so many times.
never sold my shares at a loss. Always sold them high and bought back more at a lower price. That is how you hedge against dilution. Hence why I am retired
Like a broken record. IF MANAGMENT HAD LAUNCHED WHEN THEY PROMISED THEY COULD HAVE USED REVENUES TO PAY THE DEBT NOT ISSUE MILLIONS OF SHARE DILUTING THE SHAREHOLDERS. If I had known they were going to lie so badly to the shareholders I would have sold and walked away last year. If they took heat from CURRENT shareholders, it would have put more of a fire under their but to move quicker. But because of the passive shareholders with not guts, they were able to get away with dragging things out.
On Monday I will put 175,000 shares on the ask and drive the price down. Not trying to get in, just calling out management like a RESPONSIBLE shareholder
can you imagine how it would have been paid off by revenues if they had launched the product when they said they would
That is why people like you do not make money. You ride these stocks until your shares are diluted and don't bother management. If you don't flip continuously...like I have, your original amount means 30% less than what it did last year. You have to trade at a minimum of 30% growth just to break even when they issue this many shares.
Toxic lending. The restricted shares are up 3 million since they announced PPM and the UNRESTRICTED is up by 3 million as well. When they turned in the Textmunications shares to the treasury, they had 19 million outstanding. When they do a PPM, they give out a million shares like candy so they can be dumped for a measly 20% interest. As I mentioned, they said they were going to launch in JANUARY and they FAILED again. Bet we will see nothing in March as well while the companies that KEPT their promises are making insane money right now. HORRRIBEL MANAGEMENT.
I was wrong about dilution. It has REALLY bad now. 4 million more shares outstanding this month. This is way too high. If they don't actually get revs next month it will not go well. Too many excuses, they need to deliver now.
I don't know about them, but I am not playing with this one anymore. We are so close to launch. I have to think they have several pre-orders. If they sell out of their first shipment within a couple weeks, it will never be under $1 again. Also helps that the 120k share leak out is over.
No you don't
Well I am holding tightly. Everyone knows I was flipping this during the leak out. The last .1173 price were my final buys. I am not selling one share before launch. I am still expecting an announcement of pre-orders. The big game changer will be if they sell out of their initial product supply the first month. If that happens we will remain in dollars for the next 3 years. For some of you folks this could be a retirement stock.
If this is what is going on the Friday before a holiday weekend...I am going to bet NEWS ON TUESDAY
If they have pre orders and sell out their supply (140,000 units) in the first month, this will soar to dollars. If they only sell 1000 the first month, it will not be so good. So, because they have had the word out for so long, it will be interesting to see how the first month goes. If they sell out in a week, it will jump dollars immediately.
It broke through the top Bollinger band so it could pull back. However, the leak out is over AND I think everyone is looking to have their positions for the launch next month. I have to think that they have preorders to fill. If they sell out all product next month, we will go to dollars and stay there.
Well, if they have 140,000 units as mentioned in the podcast, I will be very interested when they reveal their pricing and how long it takes to sell those units. I am in Michigan so if it is possible for them to ship to me, I will buy some to see if the product is as good as they say it is. If they sell out their stock in one month...I will probably turn my trading into a hold until it hits $4. I will probably sell a few to see how many shares they get for the 100mm market cap, watch what it does to the price and once the shares are absorbed, buy in. The three year plan, if they can accomplish what they want could drive this to $20.
If their "Calm" anti-anxiety works as well as Valium or Klonopin without a prescription, that would carry the company past $20. Especially Klonopin, people are really getting fearful of narcotics even if they are legal.
So now it is early March. Well I hope they are serious this time.
I've been picking up .11's. After I did my sells in the .17's and .15's. It all depends on how many more shares Boustead needs to sell.
Dumping is still going. Look at it this way, there are no more shares being issued on the leakout for February. January was the last month for that. My guess is this is Boustead selling shares for their services.
I think we will hit a bump around $4 as the $100 million market cap stocks will be issued. But that PPM that has been done recently speaks volumes. You don't get PPM investors like this hoping to unload at .1, I really don't think they would want to unload at $1. The new PPM's are really promising for a big rally into dollars after launch.
the big sellers are gone, this one is going to the moon. $1 by March
This is a $20 stock
Those were mine, I wanted them at .11, but I settled for .1173 I was able to pick up quite a few. I am pretty much full from this dump so I will stop complaining and start pumping again.
Well, I can tell you I dumped a ton at .175 on 7-29. Most recent sells at .17 were on 12-1. 12-10, and 12-21. Yes, you can count on one hand in December. I find that buying on average between .8 and .1 and selling at .17 and higher is a good trade.
LOLOLOLOLOLOL yes LOLOLOLOL all those good traders are true ethical boy scouts LOLOLOLOLOLOL Hedge Funds, Money Managers all profitable traders they are the most honest people LOOLOLOLOL Wow, I can't stop laughing.
LOLOLOLOLOLOLOLOLOL I can't believe you just posted that
Because when in pops to .17 I sell then buy back at .12...that is why I am retired.
12 is not nice. pretty much where the bids were yesterday
Just one of them. Not sure with all of the shares handed out for the PPM, there could be a huge wave of sales.
No, PUMA is at .1205
Nope, no one is bidding over .125
No there isn't
Depends on if they delay the launch for another year like they already have.
I wasn't proven wrong at all. I was right.
They used COVID as an excuse. They were not ready to go. Several Marijuana companies made a killing while they were sitting on the sidelines.