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What would be great for shareholders would be if they launched it when they said they would.
and whoever sold the 100k shares thought that .125 was all it was worth.
They also announced 2nd quarter of 2020, then they announced 3rd quarter of 2020, then 4th quarter of 2020 then January of 2021 and now it is SUPPOSED to be 1st quarter of 2021. I think we all know why 350,000 shares were dumped on Monday.
Have you been going to their website? Since it was first up there was never any mention of vaping. Their system has is all about blends.
Vaping was never a big part of their business plan.
They didn't have any vape pens and they were supposed to launch their product. Shareholders job is to call out management when they don't do their job. I am not a weak shareholder, I am not afraid to call out management when they don't deliver.
You are aware they made product launch promises last year that they reneged on?
Public companies have something called....revenues.
I don't deal with spin. When you sell off a company or split and have shares retired that doesn't mean you can issue the same amount that was turned in to the treasury. Sounds like a CNN story to me.
The launch was supposed to be last year which didn't happen which is why they are issuing shares.
No, 5 million shares issued is NEVER good. It's called launching a product and using the revenues like they promised. Promises made, promises broken. That is what KOAN is all about
Wrong, they gave back 5 million shares to the treasury when they let 1 million in revenues walk out the door.
number of outstanding shares increased by another million. more dilution
It will be at least $3.00 at the end of 2021
I'll give you street cred Moose.
LOL, yes because it is such a popular stock right now. I give up, go with what you do and I will trade the way I do. This is why I am retired.
Sounds like you should do some research on Citadel Securities
CDEL is on the bid at .11 and on the ask at .125 soooo you don't see what they are doing and you think that 330k bid is serious? You think that maybe CDEL is going to buy their own .125 for .11?
LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL
Not looking for 12's, its going lower
Yes, a buyer is there for a low price. How low can we go
CDEL has 325k on the bid at .12 and 30k on the ask at .1399...you don't see what they are doing.
goes to show how much they have short. They just showed their hand. This is going much lower.
It is not a new company until they start selling a product. And the difference between MD and myself is I state the truth. The company has no product for sale generating revenues and they promised this last year. They kept making excuses for the delay but now there is nothing until march. Once the seller is gone that has to sell no less than .10, this will go down to .05
They were 5 million shares and debt free. Now they are 26 million shares and rising because they don't have any revenues and have to make PPMs. They still have 200 million on A/S
yes, when they have revenues. SMH
They are not desperate sellers, they have been issued shares at a discount and they are selling as per the agreement. IF there were 300k buyer at .30, then that would be good. However, they buyers are sitting at the same price this was at a year and a half ago. That is what happens when you don't deliver on your promises.
It is my responsibility as a shareholder to call out management when they are doing a horrible job. Why start dealing with a marketing company now when they have no revenues. Why don't they get a product on the market first. There are many companies that put their product out there BEFORE they go to a marketing company because you get the low hanging fruit and use the marketing company to get you into places you can't. Instead, they are spending money they don't have. They are doing PPM that is diluting the value of the shareholders. When they did the reverse split, they were around 5 million shares. Now they are up to 26 million. Why, as a shareholder don't you call out management? Below is what a professional investor does. Maybe it will teach you something
That is over 3 months old. Getting a little desparate.
LOLOLOL Well it shows me like it shows everyone that there is a big block of 125,000 shares on the ask that is the second lowest price. Knowing that there are shares to dump on the leak out, they will have to be below the current ask. That 125,000 shares have been getting lower and lower each day. They started at .18 and were at .145 yesterday. They will keep going lower until the new batch of shares are issued at the beginning of each month. Rookie traders have that figured out. LOLOLOLOL
every time they have a new filing there are additional debt holders or shares issued
Half of the clients are struggling because you can't go to theaters anymore. I am sure KOAN will not be at the same capacity as Universal. It is probably some lone person that worked with Pandora helping them out. I doubt they would be able to go from Hollywood to Pot stocks. Totally different type of marketing.
At a very low price.
Okay, so when it drops another 30% on that last 30% drop we can wait for them to buy God knows how many shares theeeen we will see it move...okay. I have a feeling as soon as that happens, the will issue more shares again.
So I guess we need to wait for the settlement sellers to get out before this stock will be worth anything
I guess that means we are going down to .11 for a while
There are several classes online. You can even get a tutorial from IHUB. They have Level2 at a cost, but it is well worth it. So, five decades ago when you were calling a broker for high trading fees, they did not have level 2. So this is a much different time then the 70's. I would recommend learning as it will be a big help for you to trade KOAN
The 3 major shorting MM are on the bid and ask. They are taking this lower. That is why they dropped to .11 Look at NITE, you have them constantly as the second or third highest ask at 125000 shares for a couple weeks now. That is keeping the price low so when the "leak out" shares hit the ask, they have to go lower than .15 Now look at the bid, they are keeping it low so they know they have to sell close to .10. This is not going to stop until they refrain from issuing shares to people that can sell at any time and start using revenues from PRODUCT sales rather than SHARE sales.
Maybe you should learn how Level 2 works, you would understand.
I guess that is what buyers think it is worth right now.