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Where did you read the house will vote on it today? I read that it is possible, but I am watching the stream (on recess now) and have heard no mention of it yet.
Farm bill means EVERYTHING for a company that is involved in selling a product that contains something that USE to be under prohibition for 100 years
They are expected to vote on it as soon as today
last year i remember the first big green day to the run was +80%
you are right! Hemp has been under prohibition for about 100 years. Banks were not able to finance any company that has anything to do with the sector. That all is changing now. Legitimate financing will now be available along with better raw material sourcing and most importantly public awareness, which brings about increase of use and sales. Absolutely monumental event. Just needs to pass the house and signed by the president yet. We are now at the finish line
Passes 87-13? Talk about a landslide victory!
it was a $250 sell. Very tiny amount that was done to try and manipulate the chart. And they said the average buy yesterday of $1,000(which includes MM's buys and sells of small $1.00 transactions) was small. Well that end of day sell was laughable! What is clear is we had almost a million dollars of trading volume on a bullish day. Looking good imo
I saw Pat Roberts and multiple others say its at 3:45 est
RSHN actually just bottomed the other day. Check the volume. Capitulation. It ran on hype and rumours, now its making moves on actual PR's. Another one thats too oversold
I think it will end up hitting new all time highs honestly. I sat down and thought about it. Last year before any type of run this trading at the .06 range. Since that time POTN has substantially increased revs, completed an audit verifying numbers, settled a portion of the debt, added 400 new retail clients (should be reflected in Q4), applied for uplist, and now the farm bill legalizing hemp is almost finalized. Its currently trading at only 2x revs, which is extremely low. This can blow past that $1.00 range and hit multiple dollars all in my opinion. It has progressed since last year pretty well and with hemp being fully legalized this company should shoot through the roof. I'm back looking at this bullish and ready for the ride
It looks like that to me as well. I just read that last January they forecasted 22 million in sales for the year. They did 18 million as of Q3 and aare on track to beat that forecast substantially. Currently trading at only 2x revs & with farm bill almost done. Easy buy here
Also last fall I thought it was possible for this to hit $10.00 per share in the next 10 years based on how much this industry is expected to be worth and for POTN to capture 10% of that market cap. Things have changed since then, but a few dollars per share is not unreasonable when they clear up the debt.
they issued that .40 price target and it hit .95. Before SeeThruEquity even put that .40 price target article out people were expecting it to go higher than that target bc of them wanting to retire shares. The run had nothing to do with some price target article. I was here during the run and was long POTN at the time and am fully aware of what made this thing run and it wasnt that.
"At a time when farm income is down and growers are struggling, industrial hemp is a bright spot of agriculture’s future. My provision in the Farm Bill will not only legalize domestic hemp, but it will also allow state departments of agriculture to be responsible for its oversight"- Mitch McConnell
At a time when farm income is down and growers are struggling, industrial hemp is a bright spot of agriculture’s future. My provision in the Farm Bill will not only legalize domestic hemp, but it will also allow state departments of agriculture to be responsible for its oversight
— Leader McConnell (@LeaderMcConnell) December 11, 2018
Honestly I wouldn't be surprised if he is right based off of technicals and now the farm bill too. Dangerous to be a bear at this point imo
What it ultimately comes down to is the fact that there was half a million dollars worth of shares bought today. When looking at average size orders, it includes market makers small $1.00 buys as well so that has to be taken into account.
I agree with your sentiment. I am not intending to hold for multiple years like others here, but I am starting to look the other direction now with stuff coming up in the near term future
I'm looking for a reversal here as well at least short term. I just read that the farm bill will allow hemp farmers to have crop insurance, which may not pertain to this company specifically, but a great benefit from the bill. Also NJ set to legalize recreational as soon as January and it looks like that is highly likely as well. I have a position now ready to ride th e momo hype
Not true. He popped up on rshn and it had a green day. He is a day trader, which means when he shows up there is more trading interest. That's all it means
estimate on what? the stock price hitting that?! LOL! Im bullish here and honestly thats a huge joke to think its going that high. That would be a 1000x run intra day. Be real here. Thats not happening
diamond cbd is actually real. Shannon Sharpe drinks it on the tv. Its been covered by news outlets on tv in florida. There are pictures of their stands in malls and more. I dont know how anyone, even a bear, could say they arent real. It honestly makes you lose all credibility with any statement you make
I locked in my gains. Cant go broke locking in profit
no support on the daily until .07 Its scary to even try touching this thing here honestly. Every big bid gets taken out.
Taurus was right all along...heading back down to .06 I didnt want to believe him earlier this year, but the guy called it
now almost 2 million in volume in just one hour of trading. Still being taken down with "low volume"?
100% fluff
I wouldnt say zero volume. Both yesterday and today about a million within an hour. I remember you saying that was high volume back early this summer. Fact is people are tired of the nonsense here. We want to see debt gone and them to actually follow through on their promises *cough share buy back*. Thats why it ran so hard last year bc people expected that to happen and some of us quickly realized it was all a load of crap
yes that would put them at fair value to me. They never retired shares in over a year like they promised. They still havent uplisted, which can take as little as a week, another failed promise. They invested in a crypto mining facility, which is a horrible waste of cash that could have been used to pay off the debt. That facility is now unoperational since it is no longer profitable to mine so if they are still mining they are incurring more of a loss. Also the future of crypto mining will continue to get harder, which means that if they continue with it and not just cut their losses they will continue to acquire more losses and will have to upgrade their mining equipment to keep up with the increased difficulty of mining. They also are now taking on a huge expense with those vans. Payments of them, insurance, employee wage to drive them, gas. All that could have been done in a normal shipping method at fractions of the price.
Once it hits .07 and looks stable I am a buyer. Not before. Who can trust a company that does not make good on promises stated over a year ago and keeps toxic debt around only to fund worthless projects?!
these shares are expensive here imo. I'll wait for it to hit single digits
I've wondered the same throughout the year, but eventually just came to the conclusion that those words were just talk and had no intention of follow through. It's been over a year since they said they were going to buy back shares and what happened? Nothing. This is clearly a company that makes many false promises.
without any competition?! you are kidding right? There are CBD companies already that are worth billions...this is the get rich quick, used car salesman brand except the only ones getting rich here are the note holders.
and another 103,000 sell order at .126
except for when we are on the brink of a recession. check the s&p500
it went through a few seconds before I posted that. I watch every tick
it ran during that time last year bc of California's first day of recreational sales. The charts also looked a hell of a lot different and favored the bulls last year. This thing just looks ugly on the charts this year. I wouldnt even anticipate a run
202,000 sell order at .126 OUCH! Going to set new lows in 2018 still for sure
Some time? It's the newest low hit just last Thursday lol. It's been setting new lows all of 2018.
Also might want to go take a look at the daily chart for the s&p500. Things just got ugly. Penny stocks are not safe havens in times like this