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The OTC is backlogged. It isn't rocket science.
This is market manipulation, low volume during the summer, and people chasing reverse merger stocks. It is also penny players who have no understanding of market cap. $GMER should be trading 500% higher right now.
There is a backlog at the OTC right now. They are being overwhelmed with applications I am sure.
It's very apparent that penny players don't understand the meaning of market cap. It is ridiculous for this stock to be trading at this level. Only a $25 million dollar market cap. Completely undervalued here.
$GOFF has a $44 million market cap. $GVSI has a $73 million market cap. And yet GOFF has a better share structure and no debt. GOFF should be the one trading higher
GOFF is undervalued compared to its sister stock. GOFF has a better share structure. No debt. And yet it's sister stock is trading much higher in terms of market cap. GOFF should be trading higher than the other stock
$INQD is one of the best risk/rewards in the market today. You can invest in a stock with a $20 million dollar market cap today that could be worth billions in the not too distant future.
I see $GMER as a win-win proposition. If the game does well, which I fully expect it to, the stock will be meteoric. If not, then the CEO will reverse merge an already successful company into the stock. Remember, in the video interview with the CEO, he said he regularly gets contacted by companies who want to reverse merge into this shell. He said he would only consider companies that can scale up to $50 million dollars in revenue. He also said, for now, he would rather put his sole concentration into making the game as successful as possible. That is, unless another company comes around that blows him away. The point is, with this share structure and the impressive management team they have, this stock has a very bright future and it should be a win-win situation for shareholders.
Because people are waiting for Leslie to produce filings so the stock can become Pink Current ahead of the late September deadline.
"Creates a Profitable US MSO - with combined estimated 2021E Adjusted EBITDA of approximately $50 million with exceptional growth prospects moving forward"
https://finance.yahoo.com/news/demand-brands-dman-lucky-chief-123000799.html
$DMAN
The market looks forward.
Absolutely spot on
The market cap is only $17 million. That was a great buy on your part
$ not #
People who don't understand market caps sold very low this morning. Nice to see a rebound
Some people have contacted other brokers and have been told they are abiding by the late September deadline
Other brokers don't appear to be following suit. Other brokers will abide by the September 28th deadline, which gives Leslie plenty of time to get filings done
This stock definitely moves like a low floater
Very interesting theory Killa, one I hadn't thought of. Leslie was an advisor to INQD prior to becoming the CEO. So he knew the stock and the main players very well. I still think the delay has more to do with putting a complex merger together, but one never knows.
The market cap here is only $20 million. This stock is significantly undervalued at this level.
Look at Killa going positive on INQD..
I thought the videos were excellent. It was one of the reasons I bought more stock
Belfrics Group does $6 million in revenues according to Zoom Info
https://www.zoominfo.com/c/belfrics-group/372790539
The volume seems down across the OTC. It's the summer doldrums
A little Friday consolidation taking place here today. Very predictable.
What is far more important than the investor deck is announcing that the acquisition is closed. That would put them around $50 million EBITDA for 2021 and it would make this stock significantly undervalued at this price level.
Then maybe Leslie would do a share buyback and retire a billion shares. Either way its a win-win for shareholders
Great post
Yes the reverse split is July 19th according to the filing
#cannabis investing: ...but the trade is NOT about federal legalization. In fact as US earnings season commences cannabis stocks will better highlight growth a much more reasonable price. Cannabis sector begins 2Q reporting in a month.
#cannabis investing: ...but the trade is NOT about federal legalization. In fact as US earnings season commences cannabis stocks will better highlight growth a much more reasonable price. Cannabis sector begins 2Q reporting in a month.
— Tim Seymour (@timseymour) July 13, 2021
Yes, it is a very big deal to have Justin Wu on board. The management team said they would be using influencers and it is very apparent they have big time connections in this sector
Yes, I agree. He didn't become CEO to go small. I think he has some big things in mind for this company
So yes, my prediction is that Leslie will incorporate some Blockchain and DeFi into his business model. He is a very cutting edge CEO with a brilliant business mind. This will not be a run of the mill pot stock.
Looking forward to some acquisition news soon. This management team appears to be very well connected in the marijuana sector. $DMAN
Shares are looking very tight here...
Yes, particularly with the launch of their Crypto/NFT game coming soon. That is when the real move should begin.
It is also nice to be in a stock that is pink current.
The press release today shows how well connected management is at $GMER
I wonder if Leslie is going to incorporate Blockchain / DeFi into $INQD. The reason I mention it is Justin Wu is considered a foremost expert on Blockchain and DeFi and Leslie follows him on twitter. DeFi is supposed to be the next big thing in Blockchain. It means decentralized finance. It wouldn't surprise me if they incorporate DeFi into FinCann
Here is an explanation of DeFi
https://www.investopedia.com/decentralized-finance-defi-5113835
He doesn't need legislation to become Pink Current.