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Looks like the manipulators didn't like the 25,000,000 share purchase and are pecking away with their $300.00 sell orders (1,000,000 shares).
I will rephrase my last response so that it has a chance of not being removed:
Only some one who has not been paying attention would miss the fact that this was spun off less than 1 year ago. The PURA ticker was from another defunct company in the past, that has no relation to this company. Many people have iterated that ad nauseam while complaining about their shares being locked up. Look no personal attack.
Yes, click their name and on the left there is and ignore this member. I have several people on ignore.
Go ahead and believe, not stopping you.
Hopefully this response is not "Off Topic" and will not be deleted (posted yesterday):
The financials are the EXACT same numbers as Last Quarter (Q1:2017). The OTC site is the only place Q2 results exist. There has been no acknowledgement from PURA that they released numbers. No other news organization mentions it. To give the benefit of the doubt, it may be a mistake that the site uploaded numbers automatically and used the last quarter's numbers. Seems fishy to me...
Heavy Dilution occurring right now!!!
There has been a huge dilution over the past several months of PRManiac's rantings. He has been issuing unprecedented numbers of new posts with no increase in value of content. With every post, the informative value drops more and more. His original 2 cents is now worth only .00000001 cent. Be warned to stay away from his posts lest you become dumber for having read them. You were warned.
The reason that this is not shooting higher all of a sudden is that there is no "Unknown"/"Potential" giant catalyst that some of the other MJ stocks have. Most of those stocks fail, but still appeal to many investors' love of gambling and the big score. This stock has steady growth/profit and will definitely increase in value at a measured pace. Not an inferno, but a very hot smoldering burn.
They have not applied, that will change with the nursery acquisition, and I am betting that they will get one of the very next ones. Besides they are not going for a THC license but for a CBD license.
Good luck, without a legitimate ability to grow (on a large scale), he will never get one - he can apply all he wants. Otherwise (since there are limited numbers of Commercial grow licenses in most/all states - I am not talking about growing 4 plants in your closet), you will not get one without proof of the capacity for a LARGE operation. Otherwise people could vie for the licenses, get one and Sublet it to the highest bidder. Also since tax revenue is based off the amount of MJ sold, why would they give the licenses to any but the largest facilities? The majority of licenses issued in Florida seem to be given to established nursuries, or multi-million dollar investors like the company that converted a Sealy mattress warehouse into a grow facility for $5 M.
For anyone that questions why PURA has no grow license in TX: it is because, just like every other state that legalized growing either Recreational THC, Medical THC, or CBD (Hemp), you don't even get to apply for a license until you have the facility to grow. You must meet all requirements from size and buildings to security and environmental impacts, etc. before you can even apply for a license. PURA is fulfilling the grow requirements to apply. Once they apply they most likely will get the coveted license. Can't put the "Cart before the Horse" even if you wanted to. It is not like building a home where you get approval before you dig and throughout the process; you essentially have to build the house and then get approval.
My guess is that NCM's royalties are around 10 to 20% of the revenue related to the sale of CBD oil used. PURA said they have a 75% profit margin so I don't think that it could be much higher than that. NCM is trying to get into the Prescription CBD market, they must have made this deal with USMJ/PURA to get some revenue to help fund R&D. NCM may have made a better deal than they planned if PURA can run up sales.
Wait until they announce that because since they already have a relationship with NCM Biotech and they have a large enough facility now, that they are already in a position and are qualified to be licensed to start growing MJ in TX right away.
Ha Ha Ha Ha!!!
If this post gets deleted, it is not because it is not relevant. PURA is getting beyond the control of those trying to keep the price depressed.
Ha Ha Ha Ha!!!
A few unlucky souls sold at .0004 on the day it dipped hard. No one bought at .0004 and will not be able to again. There are 35,000,000 shares Bid at .0005 while most exchanges today have taken place at .0006.
The negativity is cranking up, that means that even the most stubborn PURA denier(s) can feel the energy building for a run, and are panicking. Go PURA next stop .10.
You guys lied to me! You said I could buy at .0003 or .0004! Nothing you say is ever true! You guys are a SCAM! I want my .0003 shares now. Ha Ha Ha!
I can't verify for certain, but I believe that to apply for a grow license, or have a realistic chance of getting one, you need to have a running operation (i.e. a facility ready to grow) as opposed to a guy off the street just applying for a license to grow hemp/mj. The purchase of the greenhouse facility puts them an advantageous position to get a license. I really believe the guys at PURA and USMJ know what they are doing and are executing beautifully.
USMJ did not take over ALYI as they had planned months ago, they instead purchased the POS business for MJ that they wanted and ALYI is now off on their own. USMJ spun off PURA and kept majority ownership of it. Their real connection is that they license the extraction process to PURA for which I am sure they get a cut of everything that PURA will sell using it.
drugemporiuminc.com
Not: drugemp.com
You have the wrong Drug Emporium.
I know, PURA supplies the CBD extract via licensing from USMJ via licensing from NCM. Americanna Cafe products, EverX products, Spanish Peaks products, et al, are all going to get the CBD extract from PURA. Within the last few press releases PURA indicated that they are getting requests from Hemp and MJ growers to extract oils like a processing plant - High Margin business. People want the pure pharmaceutical grade/consistent PURA extract for their products. PURA can set up anywhere in any state to produce the extract like a contract manufacturer. This is the Grand Slam business unit that will make USMJ money from the sub licensing of the patented extraction process, that will fund their incubator companies: Americanna Cafe, American Seed & Oil, Payment of Service/Cryptocurrency, and other start up R&D stuff. In Colorado they will be making this stuff in the new building that ACI will fund where tourism and edible productions will take place.
Anybody see the 2 Million shares waiting on the Bid?
Good Luck with current shares and I hope you get your sub 2 cent shares.
Where are all the Bid/Ask guys? Bid of .0005 is up 700% from Wednesday while the Ask of .0006 is down over 30%.
When they open their first extract site in California to help keep up with the massive demand for high quality CBD oil and it all becomes real with revenues in the $10's of millions or $100's of millions, you will be kicking yourself for missing the boat trying to save $35 per 10,000 shares.
What Percentage growth is $84k from $0k? They just started. The money will be made in supplying CBD oil to others, not in selling water. They could grow 10X revenue or more per quarter potentially. PURA stated that $3 million in contracts are already in place with many more likely. Just because you think it is impossible doesn't mean it is.
Show your reasoning for this evaluation. With $6 million in revenue at a 2.5x multiple that gives $15 million market cap divided by 300 million shares equals $0.05 price. Conservatively at that revenue if they make $1 million profit times S&P 15x multiplier you get the same result. Show me your math. Since the value of this is heavily weighted in potential, the price could skyrocket on increased forward revenue and profit margin.
Amen brother. Running a scam would be harder than making an honest go of it. These conspiracy guys obviously have never tried to create something from the ground up.
So if you truly believe that the recent activity and price drop is due to Dilution of the remaining 1.8 Billion shares not already issued, that represents about a 12% increase in shares Outstanding. Do you think that 12% Dilution will result in a price drop of up to 57% like some of you are predicting (Drop in the Ask from .0007 to .0003)? I do not know for sure if this activity is dilution or not, but even worse case scenario it is way over done. I believe that the MM's have been selling this stock heavily since the last run-up and are now cashing in by repurchasing those shares are bargain prices. Look at the last hour of trading today, all buys in large chunks. Looks to me like whoever you believe (or whatever force you believe) drove this price down realizes that it has hit bottom. This bowstring is very taught and you can choose to be the arrow or the target...
So any of you who think PURA is a water company, you are wrong. They may sell everx products directly, but this is going to be a cbd oil factory (supposedly a very high quality cbd oil product). Their main revenue will be from extracts being sold to food and beverage manufacturers, as well as other uses. The margins should be massive, maybe 80% of revenue when full efficiency is achieved. They look also to be contacted by mj and hemp growers to process the extracts for them st a high cost. Revenue and profits could grow exponentially. They can also help their partners USMJ, MLCG et al by providing free or at cost extracts to help get them to profitability quicker. With 300 million shares, this is a great small company.
I just put in a bid at .0005 when there was less than 10 million on the bid to be first in line to buy if these manipulating pricks got it to flip to .0004/.0005 for a short while. Since it never did, I was shocked to see over 4 million filled at .0005. I had about 900,000+ left on my order and was about to change it to .0006 because I hate having non-whole shares (I keep USMF on the 5 millions), when it filled too. If anyone thinks the last 2 days have been normal trading, you are blind. Yesterday started a concerted effort to move this stock lower. I hope it is just for them to gain shares at a lower price for a move up. BTW I now have 60 million USMJ shares and will hold the majority for the long haul.
What is Dinostar? Is it train based tourism? Cool to see a mj train like napa valley wine train, or maybe one that goes from CA to WA; or CA to CO and other states. Just wild speculation since no news lately. I am very anxious waiting for my Spanish Peaks stock dividend. Got 50 million shares that are underwater at .0004 average wanting some good news soon.
I bought 5 million shares at .0005, was surprised it went through. Not all .0005 activity is sales.
EverX Wishes and Gummy Bear Dreams. I have 50 Million USMJ and 1.2 Million Pura. I was going to buy an island too, maybe we will be neighbors.
Check the website, they updated the estimate of $3 Million forecast to a range of $4 to $6 Million forecast for next year based on contracts signed and estimated additional sales.
I believe that the increase in common shares of MLCG authorized is in conjunction with the ACI take over of 4 companies (USMJ, PURA, MLCG and Spanish Peaks - used to be 5 but they opted to buy ALYI technology and not integrate the whole company). This makes it easier when MLCG pays the share dividend of Spanish peaks for ACI to own the majority of Spanish Peaks through MLCG (they already have the control of PURA portion of the dividend). My theory is that ACI will purchase the 8 billion new shares without them ever hitting the market (at market price, they could infuse $2.4 Million Cash into MLCG). This would allow them to ramp up the edibles production and the tourism sides of their overall plan. The synergy/vertical integration of products, cafes, and tourism will be a winner in the future.
I believe that the increase in common shares of MLCG authorized is in conjunction with the ACI take over of 4 companies (USMJ, PURA, MLCG and Spanish Peaks - used to be 5 but they opted to buy ALYI technology and not integrate the whole company). This makes it easier when MLCG pays the share dividend of Spanish peaks for ACI to own the majority of Spanish Peaks through MLCG (they already have the control of PURA portion of the dividend). My theory is that ACI will purchase the 8 billion new shares without them ever hitting the market (at market price, they could infuse $2.4 Million Cash into MLCG). This would allow them to ramp up the edibles production and the tourism sides of their overall plan. The synergy/vertical integration of products, cafes, and tourism will be a winner in the future.
Volume drying up. The group that has been manipulating the stock price to keep it in the .0006 to .0007 channel is running out of ammunition (Yes there is a concerted effort to suppress share price). I believe that the Jeff Sessions appointment and anti-Marijuana speech, along with the issuance of the last of the Authorized Shares, they hoped USMJ et al would disappear, and they bet on it. Now they are in the unfortunate position of having no exit strategy and their only hope is to keep prices down until something might happen to save them (recent events show otherwise). They keep shorting/selling to keep the buy pressure down, but there is a limit. Imagine (for example) if they sold 1,000,000,000 shares short over the last months, every .0001 it moves up cost them $100,000. The irony is the only way out is to join in the buying which will drive the prices even higher. That's alright, their loss is my gain.
So does anyone think that ACI is just being handed control of the company without bringing anything to the table? They have come in with money, financing, and/or resources to take this company to the next level. USMJ is not in the same position with different management, they have been given tools to grow the business. We will not know the quantitative effects until 4Q results unless they disclose them sooner. So if you were a fan of USMJ before, you should be a bigger fan now. If you were a naysayer then you should post more frantically and in "BOLD" type.