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Ur not understanding... Adp etc make way more. Call the company they are doing it with. I did... this isn't anything ground breaking they are basically what's called an ISO... like a sales person where 90% of the money goes to actual company. Also I'm sure u guys don't know anything about FinCen, Or what KYC is (know your client) rules related to all this where as I happen to know because I've been doing this much longer than mcig has. They also don't have a compliance engine for processing which is the main thing you need because if u don't have that u have a service that will be canceled and interrupted...More importantly banks will take the money if you have a compliance engine as well as over 15 years of a banking relationship with zero issues. That is the only way you can do payment processing in mj effectively.
Did anyone here see a Legal Opinion for all of the banking and processing that outlined the business model etc? I didn't, but would think that would be considered a material event because something like that is unbelievable to have. It's like having a license to Sell Cannabis legally in 50 states, it will also cost you 6 figures+ and that's after a review that what you're about to get reviewed has a shot. Anyone on here can become an independent sales agent for a MJ processor. You will have a job for a month until u get shut down, interrupted or canceled.
So to respond to your post, I don't think you understood the sentence, but also those companies mentioned have $100m dollar compliance engines and back ends, mcig has at best a white labeled processing component. And FYI the rate they are getting is terrible when u consider an ISO in this field is making 2% or higher which leads me to believe someone is getting the lions share of that.
The technology is junk and the job recruiting platform is going to fail because it doesn't really do anything. Payment processing company at most make a literal .05% call them. They don't own anything proprietary, zero... they will book a loss on this 100%. I'm not someone that would fall for that post.
The pumping and cheerleading on here is nuts. Not everything the company does will be good. Trial and error is expected, just like late reporting with mcig, but don't make it sound like it's this great thing that they overpaid for when it's off the shelf tech.
No just a trade
Agree and a RS would only be good unless it was tied to a major investment dedicated to a grow. But they wouldn't need to RS because they don't have toxic debt, which is the saving grace for mcig because it will never get smashed like everything else. They will be fine, I'm banking/betting on it. Good luck longs
No, because with the share count that market cap would be over $400m which is higher than Canadian LP's that are growing weed legally. At the end of the day it's a construction company and it's price to earnings (P/E) is already inflated (like most otc companies). The market cap is 65m right now and their annual gross profit as of April for the year was 1.8m. Only way they can reasonably justify that market cap based on those numbers is if they are making 7m+ a year in profit, but when u consider how this market reacts it wouldn't shock me to see a 3 bagger with a catalyst. But the only way $1 happens is if a massive chunk of shares were retired permanently so the O/S was smaller.
I'm very familiar with their divisions (except for the tech and jobs which I don't like) because I was working with them for last year. They should be focused on Nevada and California and getting a grow. That's the only thing that will justify valuation. And I more than anyone want to see mcig do well because of our position (check disclaimer on Mj stocks).
The company needs to have tunnel vision in Nevada and I think an app for any company that's public is a bad idea if it doesn't have millions of users and clear path to revenues. Ma$$roots has proven that, and there's a reason Weedmaps & leafly are private, plus no one in MJ industry can compete with their user bases...
Not arguing that I was just pointing out the levels of support based on a .16 break (which has held twice)
Long haul, I know more about MCIG than any person on this board... Les & Bubba included. Check my disclaimer on marijuanastocks.com
Those are the numbers, they are iron clad.
A break under .16 will leave support at .125, then a soft .10 followed by .08... .0258 is 52 week low on mcig.
Is it...
Yeah I don't see an $8B market cap in the future, I think u guys would be happy with .20... not sure where the selling pressure is coming from but mcig has reset a few times in last 12 months
If .16 breaks ur looking at .15-.12, if .12 breaks ur looking at a .08 bottom... and if god forbid that happens and the market for PotStock's is moving I think the fatigue would be too much and then ur 24 month bottom is .0258... hopefully Q is good and there's some material events for investors...
Emmbf looks good. Hold a core and trade a core as it's trading on technicals it seems. I trimmed a percent and bought dips. Always pulls back after big runs
Les, let's be real... they also had an amazing marketing company at the time that could get their message to biggest portion of the MJ market, which they no longer have...
Lol
Why try and compete with leafly or weedmaps when they can give away the same thing for free and still be pulling in 7 figures a month. Massroots has spent 250k a month on marketing and development since going public and they keep going lower and lower and lower.
There's nothing proprietary for this app, it's all off the shelf tech. If I want to focus on positives mcig's position in Nevada is where it's at. Acquiring websites or apps is not what drives this. It's construction and cultivation mgmt. job placement is also an uphill climb especially when their are private firms already in the space like Vangst (they were just on Time.com) and they have offices and recruiters specifically for the industry. The reality is if u took the construction/cultivation and cbd away and were left with apps and a job recruiter site this would be a $1m market cap company.
So keep ur eye on what matters... Nevada and grow contractors etc.
Even if it wasn't illegal to grow weed in Nipton, ERBB doesn't have the 50b shares to sell in order to fund it. Don't take this carrot folks... ERBB can't execute on anything they've ever done. Gl
U need to understand health Canada and all the LPs and what happens in a recreational market. On that alone emblem is under valued. Share structure wise it's much better than many public LP's
1.15-1.18
Sure... I added this am
Hahahaha to people that can't read financials on $emmbf $emc.v pic.twitter.com/7vQBFDpzKN
— Jason Spatafora (@WolfOfWeedST) August 29, 2017
Sure... I added this am
Hahahaha to people that can't read financials on $emmbf $emc.v pic.twitter.com/7vQBFDpzKN
— Jason Spatafora (@WolfOfWeedST) August 29, 2017
Is June 1st 2016 considered late?
Strong accounting
I'm sure the financials will be steady and the cash position over $20-30m, but more interested in patient number increases and guidance on divisions... mainly Biotech. They have John Stewart who was ceo of Purdue pharma (makers of OxyContin), it's time to unleash him...
http://www.bbc.com/news/amp/world-us-canada-38083737
They don't own the creme... it hasn't been transferred over (yet?). Why it hasn't been done is the question, I'm guessing there will be more clarity via in next report.
Les, when is that 500k note due exactly in September
Added 5000 yesterday at 1.45
Here's what I wrote today http://marijuanastocks.com/emblem-corp-why-im-long/ remember Earnings are the 28th
Has anyone on heee reached out to mgmt to see what is going on? Someone pick up the phone.
That 3000 print and 15,000 print at .0343 was a cover.
So dumb... shake them out.
Grabbed some let's go!
Getting smashed this am, gonna have to trade my way to break even
Gotta watch the options...
https://finance.yahoo.com/news/options-traders-betting-big-move-123712863.html?.tsrc=rss
2:56pm tweet on $zyne about $20 call options for 8/18, this is the intrinsic value of the #Hive https://t.co/PpZuvMBxLb pic.twitter.com/Kf7M6tf8QY
— Jason Spatafora (@WolfOfWeedST) August 12, 2017
We get a good result this is back over $15
Grabbed some here, should move up next 1-2 weeks over $10 if the pattern holds.
That 72,000,000 shares was sold by a debt holder (diluter) its called a desk clear. So basically someone sold/dumped $129,000 worth of ERBB stock...
I would call the TA and see if the company has gagged them that way you can get an accurate look at the share structure. Call the company and ask them to ungag the TA if they want to be transparent... if not than just play the trade.
I grabbed 2m 5's... now we just need to get through trips