Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I agree, however I think now is a good time for a starter position. I am in for 1 million @ .029 and will look to buy more soon, as the legislative path for hemp brightens into September.
My guess is that since they have so many shares, they just want to free up some cash... who wouldn’t?
Especially if the CFO recently resigned, he may be old and would probably rather have the cash then “gamble” his shares.
The guy had over 100 million shares a month or two ago. I don’t see it as a big deal that he’s taking some off the top.
Anyone want to fill my bid?
1MM @ .029
That’s because I’m here... you’ll see...
Do you know if these are sales on the open market? In other words, are they part of the daily volume?
Also, do you know if the company itself is issuing new shares as well, in other words, gradually diluting?
Thanks, new to this company.
On a positive note, it’s nice to see that the president owns so many shares.
Very helpful. Do you think he will continue until all shares are gone?
80MM is still a lot more to go...
I wouldn’t say “very” liquid. Lack of liquidity is a big reason I haven’t entered this one yet. HEMP has 3-4x the volume, and I have trouble getting in and out of that sometimes.
I guess proper liquidity is relative though, as my avg swing trade is about $100K. Gotta be discreet and not make waves when playing these pennies with a heavy wallet.
You are NOTHING. Real farmers work ALL DAY LONG... they don’t post on message boards 10x a day.
What a stupid PR, come on. Why are we mentioning “nickel bags” and referring to our shops as “humble?”
I’m trying to keep the faith here, but Bruce seems to be way more into fantasy and pseudo-philanthropy than running a profitable multimillion dollar business.
Shaking my head...
Thanks. If that’s the case, why are people worried about an R/S?
And if by now, you are unaware of the real reasons why cannabis has been outlawed for so long, you really aren’t worth talking to.
You obviously didn’t read my post.
I was referring strictly to the legalization of hemp in general, via the 2018 Farm Bill. Nothing necessarily anything about Hemp Inc being a slamdunk. I was addressing the fact that there will be some companies who do benefit from that, and some that don’t... what we all need to ask ourselves is: what companies?
Everyone mark my words...
Hemp will be legalized in this Farm Bill. I have followed the legislative path of this for long enough to almost guarantee it.
But that’s not the issue here.
...The real question is, what companies in this space will benefit the most? That’s all the matters.
Dude that’s a stretch and you know it. Your many bullish prior posts say so themselves. Hemp will be legalized in this Farm Bill... NO DOUBT...
...The real question is, what companies in this space will benefit?
Hey man, please see my prior post about MCOA. You know anything about those guys?
What is the A/S and O/S?
Panzer, Curious, and others... (I especially appreciate the opinion of skeptics and cynics)...
I’ve been looking for other companies in the hemp space, so as to possibly find a “safer” way to take advantage of the upcoming legislative advances... and I have come across this company...
What do you think about MCOA?
Price action is very similar to HEMP’s (charts almost identical), but they seem a little more diversified with a footprint in both hemp and marijuana. Also, this company isn’t potentially vulnerable to the “felon amendment” that has recently come along.
Seems to have all the upside of HEMP, but with less downside.
Anyone been following this company or have thoughts about it?
Closed my position to salvage $50K net profit. I don’t see anything that is going to drive this stock upward in the next 1-2 months. I will be back in September, or, when this hits .02 again. Good luck to everybody.
Only two things control Wall St...
FEAR and GREED.
Fear = opportunity
LOADED up in .0270’s. Now sitting on 5 million shares. Let’s ride.
Ummm, that’s exactly what I did. Bought 5 million in February for .02 and sold everything at .0380 avg a couple weeks ago.
This is now Phase 2 of the play for me. So while you can speculate losing, I prefer to demonstrate winning.
Another 500K more cheapies for me. This is too easy.
Effectively, it’s the same thing. An RS lowers the OS which leaves more room to issue new shares. An RS however, usually results in a more negative knee-jerk reaction from the market, so IMO, increasing AS was a better move.
Don’t worry about an RS anytime soon. The total Authorized Shares were recently raised to 10 billion. Outstanding share count was last reported at 3.1 billion.
“Cramer, Peterson (both hemp supporters) named as farm bill negotiators”
https://www.google.com/amp/www.inforum.com/news/government-and-politics/4474500-cramer-peterson-named-farm-bill-negotiators%3famp
“Comer (hemp advocate) gains seat on farm bill conference committee”
https://www.sfchronicle.com/news/article/Comer-gains-seat-on-farm-bill-conference-committee-13086145.php
I’m pretty slick.
Added a couple million today in the 3-teens.
“We will get Farm Bill done by 9/30”
https://www.axios.com/rep-conaway-we-will-get-farm-bill-done-c9a3aae2-9afc-4148-adff-55bdb7cd2215.html
Bought another 500K at .0322.
Haha, some of that was me EOD, but not all of it. It’s very hard to buy/sell a lot of shares without creating a “stir”, so I have to do it in lots, spread out.
McConnell cancelled August recess for the Senate, but he can’t control the House.
What you are saying may be true, and it may also not be true. But the fact is, in this particular case it doesn’t really matter either way. Because “rational” and “fundamental” things like this don’t always affect stock price, especially in the OTC. The ability of a stock to produce money for it’s shareholders is not always correlated with it’s long-term income potential, financial stability, future market sustainability, etc.
The fact is, most cannabis are moved by external factors & macro news events that usually have very little to do with the companies themselves. So even if HEMP was a share-selling scam company as you say, that doesn’t mean they aren’t perfectly positioned for what could be massive upward movement in stock price, within the very short term.
This stock has another run left in her, and fundamentals, good or bad, will be of little significance. I intend to make one more chunk of profit before I move on to my next play.
You too can make money here, watch me do it again...
Thanks, but this isn’t my first rodeo...
I love these “shady” OTCs and have made almost $500K trading them part-time since 2012. I’m a big boy and understand the risk:reward.
Nice work, Cashton.
I will definitely keep adding as/if she dips. Probably 500K at .029, .028, .027, etc.
I will also add once she starts showing more strength, like if she closes back over the 50-day SMA, which is .0320 right now.
Can’t argue with that, Curious. See, you ARE a smart guy, so I’m gonna continue to call you out when you pretend not to be!
Re-entered, first 500K lot at .0302. Goal is to get 9 more 500K lots before September.