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News caught my attention. But there seems to be a lot of indifference and skepticism by current shareholders. Looks like nobody trusts this company
OTC companies are seldom ever on time for anything...
Guess we are all in this boat together until Monday. Good luck to us!
btw, why does everyone say 'fair' value is $.07 cents? doesn't anybody think some multiple is appropriate? I think it's worth between $.10 - $.20
News seldom comes out on Fridays, so if we don't hear anything today it will likely not be until Monday. I do believe this is going to go through but don't be too surprised if it takes longer than they thought.
JB, it's an illusion. It didn't really go up yet. ;) At least no compared to what it's getting ready to do.. hehe
Let this baby rip!
Looks like confidence that the deal will happen is growing. I can only hope and wait at this point.
So, i'm reading the Fader news trying to understand what it all really means. I'm no expert at this stuff but it sounds to me like we just engaged in a contract to buy advertising in their magazine and that no competitors will be advertising in that magazine. Is that correct? Please someone enlighten me if I am not seeing this correctly.
Any news is helpful, but it still seems that they are focusing on the poor, broke-ass, 'authentic' crowd and not the demographic that actually has money. If they want to offer brands they should think of it in terms of fine expensive wines, not wolf dogs and skaters.
tmaler, that's exactly what i'm saying. there is no way they would do a RS at these prices. they are waiting for the pop which they expect to happen after acquisition is complete. so it's a 3 step process, complete, the acquistion, do the RS, then uplist.
If you multiply the current ask by 500 you are not going to get $1. Clearly they know this and are anticipating the possibility of doing an RS at some point after the acquisition. Otherwise it would be pointless. I'm pretty sure i read somewhere their intentions to go on the NAZ and with an acquisition under their belts it seems like it would be the right time to do it.
bought more at .0015 this morning.. thank you for that dip! I'm averaged in at .0022 now.. i should be able to make a little money on this
Dag, i was in a meeting and missed the dip to .0018. Hope i get another chance
Its all a calculated risk. What are the odds that they will do a RS in the near future? Frankly we don't know but I'm guessing it's 50/50. If an RS is announced what are the odds that the stock price will tank before the RS? Seems like 90% to me. And then, what are the odds that the stock price tanks further immediately after the RS? 90% again. This is all behavior that I have seen many times before. It's true that occasionally a RS goes through smoothly and the damage is not great and then it's all happy sailing from there, but the odds are against it. I think the best time to buy more is going to be after this tanks from a RS and i'm sitting tight until then
You have to ask yourself, why would she sell shares at these ridiculous prices if she believed the deal would go through?
Are we at the point of capitulation yet? Could be the best buying opportunity ever. I'm no fool, i see what's going on, but these guys built a weed grow from nothing. They are still so young as is the entire MJ industry. If you have the balls this might be the time to buy. I'm definitely looking to buy more soon but i'd like to do it when i think it's at rock bottom and frankly i think we are about there. As HD has mentioned their book value is more than the market cap and really they don't have much debt compared to peers. I think worse case is they get bought out and that's not a bad proposition for shareholders at all
NGW looking like a perfect takeover target now. Someone is going to be able to come in and scoop up this company very easily. If management doesn't want to sell a hostile takeover would not be too difficult at the levels this stock is likely to see before the end of the year. I'm wondering if P13 needs a mature grow operation with their new location they will be building in CA
I see the tension is increasing here. No need to make any enemies and have regrets later on when this stock resumes it's inevitable climb up. I've seen this before where everyone is freaking out, sensitive and worried when a stock is scraping along the bottom. Know what you own folks and show a little class and confidence. One day we may all meet somewhere to celebrate and don't need to have any fights in the meantime
Hi JB, good question. I'm not sure about .25 anytime too soon. But I am very comfortable holding for $.10 - $.20 which I think will be soon. GLTA
Welcome aboard Quid. You got in at a very good price. See you at the top!
Very good news indeed. If this actually goes through then we should be seeing $.10 - $.20 easily
If there is one place in the United States that the liberals can destroy an entire industry it's California. MJ should thrive there but with the fools running things there who the hell knows.. Bunch of dumb-ass politiians
tdameritrade shows someone just sold 100 shares? i've heard that ridiculous trades like this are actually the MMs communicating with each other. By law they can't open discuss any coordination as they are supposed to be independent but they signal each other with these kinds of actions
Everyone had to know they needed cash to maintain operations and payroll. All in all I don't see this financing as being all that bad. It could have been a hell of a lot worse.
Why are people buying? looks to me like dilution happening and people should be selling. What M i not seeing?
Chuck, you need to be out of QBIO by around $6 unless some bigtime additional good news hits.
Anybody have any information about when they used to be SHGE ?
Chuck, Hopefully everybody understands that we are waiting on 4th quarter results, not 3rd quarter. But any revenue showing for 3rd is a positive.
Harpo, the image of Ryan Lange meeting with and trying to convince Mitch McConnell of anything marijuana related crossed my mind while i was reading your message. Thank God that's unlikely to ever happen
Yourmomennem, You may have something there with the outstanding shares. I could have sworn it was about 126mil not too long ago. Now it's about 156mil. I could have just remembered incorrectly but i am definitely curious now.
Not sure if this has been said before, but we would all support a RS if it was for the intentions of uplisting. Just saying...
I thought it would have gone lower. Glad i doubled up at .0011
RS or no RS, if the acquisition happens this will be worth 10 - 20 times more than it is now. It's a calculated risk of course but I think the odds are in our favor. As for me I'm hoping for some serious panic as I would love to average down
PSully, we don't know what prices NGW is charging dispensaries for product. It's entirely possible that any given retail outlet could have a bigger margin realized by selling more of a competitors product. I'm sure they know that if they wanted more they could get it.
Realistically, i don't expect "good" numbers for 4th quarter. Any revenue is going to be looked upon favorably but it may or may not affect the stock price much. "Good" numbers are closer to a year away. They are proving right now that they can execute on the early stages of development and production but they will need to make something solid to happen indicating that expansion is going to happen with measurable milestones. Some of us have been in this for a while now and it's hard to be patient, but this baby is still a baby. The next steps are really where it's at and i expect that even a potential buyer would be hesitant until steps toward expansion are taken. It's possible that someone partners up with them to help make that happen as NGW certainly could use the cash but all this stuff is at least a year away. So right now, NGW has proven that they have the right to exist, but they need to do more before we can reap the rewards of real growth. If you were hoping to 'trade' this puppy then you might have picked the wrong stock. If you are actually investing then you might have picked the right one.
If you had followed the analyst that gave an $11 price target on RBZ and purchased all of his recommended buys you would be down overall more than 23%. At this time his price target record is only around 24% which means that around 75% of the time he has been totally wrong. Just letting you know so that you don't put too much faith in the RBZ price targets.
https://www.tipranks.com/analysts/allen-klee
We desperately need a CEO. Someone that knows wearing a T-Shirt or hoodie is not appropriate to gain the confidence of investors at a business meeting. Preferably someone with already well established connections.
I won't have any more cash for a couple weeks. If its still at these prices I'm going to buy the hell out of it
Looks like something is getting ready to happen.