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The reason is that TMXN is in a prime position to settle after the New Year. The closer we get to Jan. 25th, the better it is for shareholders because it shows TMXN is not settling for some crappy amount. TLRY and the other defendants' acts were so egregious that a judge or a jury - and I do think this case is better suited for a jury - will do right and justice will be served. Correct me if I'm wrong, but we know TLRY didn't really put up a fight. I mean, how can they deny what happened? I guess they can, but all evidence shows nefarious acts by all defendants. When someone sees something like this happen, especially a jury, they're bound to award the plaintiff 2-5X the amount due to punitive and compensatory damages. TLRY needs to be concerned about that. They know it. This goes to jury, I'm guessing the settlement will be $100 million+. TLRY would be better off settling for $50 million, which to them right now seems insane. They know they're chancing it especially given all evidence points against them in this one.
Look at PTSC back in 2006. See what happened there. But this is bigger because it didn't deal with some patent infringement. It deals with questionably legal at best actions that deserve punishment. They got caught. Someone stood up to Goliath, and all shareholders expect them to pay.
It's smart of TMXN not to settle before the New Year. It's the holidays. Next thing you know the first Monday is January 4th. Only 21 days away from Judgment Day. The closer it gets, the more TLRY will be on its heals and will want to settle.
I got in around $7.90. It went to $12, but I didn't get out in time. I thought they were getting their mojo going again and would create new highs with the space they're in. I did not expect it to drop so much, but even then, I was cool with it. But as the PRs came in, no financial terms were disclosed. I've been there before with stocks that won't disclose agreements with dollar amounts. Then, I saw that some of the PRs were the same as a few years ago in which nothing tangible had really been beneficial to the company. I felt this wasn't going to pan out, and so I sold.
Hey, maybe they'll finally get their ducks in a row and begin to show the world what they're made of, and at the end of the day, they'll show that they're getting close to profitability. But all I have learned is that as of this point, they haven't done enough financially to show they have the type of company worth investing in. I ended up putting my money in ETHE and Psychedelic stocks, which proved beneficial. Then I was able to play with some of those profits and put them into some pinkie-land MJ stocks, which has also benefited me. There's no momentum with this stock whatsoever...and that isn't because it's in the dollars or folks haven't discovered it; it's because there's no interest in a company that has failed to really deliver over the last few years in ways shareholders deserved.
Someone on Twitter said Matt Dwyer is no longer part of the company as he took a Leave of Absence. Curious as to what the facts are concerning this detail.
Maybe. Or maybe they’re painstakingly covering their shorts. Not many shares traded. It’s been a grind. That bodes well for those who bought higher.
Also, keep in mind, folks don’t pay attention to volume nearly as much as they pay attention to price. Most of the first 110 million shares traded were above .01. Only 12 million have traded since, and we see the push back down. Most aren’t selling.
Shorts need to do what they can to bring this down. They were short 96 million shares headed into today. Can’t blame them. So they’ll play amongst each other to get what they can. And along the way, some folks will sell. They know how the game is played. They’re masters. Look at TMX*. Short 76 million headed into today after an 80% from-its-high bloodbath yesterday. They slowly climb it back up trying to recover what they never had on the way down. It’s slowly recovering today. So will IGPK.
I’ve never seen a stock so bouncy as this one, especially with substantial volume. It’s very interesting. But it actually bodes well for such a stock. This is going to fly today!!!
The game playing on this stick is transparent. But it is what it is. They control the narrative right now. It’ll be interesting to see when that subsides and we get “normalcy” back.
This move doesn't mean jack. Their PRs suck, as I have learned along the way. Details of partnerships, namely $$$$, is never disclosed. They have recycled PRs. It's very disappointing. So many other options that will make you money.
You could very well be holding for a while. I still believe a settlement is in order. The closer to Jan. 25th they get, the higher the amount settled, especially if it becomes a trial by jury. Tilray knows they're dead. I think this type of case with all of the scandalous moves/crimes committed ("allegedly") screams jury.
Unless they read these boards, someone needs to tell Trimax to put out a press release. Even if it's limited in information. Inference skills are sorely lacking these days.
It's simply a gamble that the judgment comes TMXN's way. If it does, SCORE. If it doesn't, GUTTER. That's all.
HAHA!!! Man, neither do I. My heart is about to jump out of my chest. LOL. I’ll never dorget this day as long as I live.
Even the board has gone quiet. I swear everyone can't type because they're too busy biting their nails!
I think we'll close in the .007s given more and more folks are holding strong. The tweet just gave holders confidence that it will indeed be an awesome Christmas gift for all of us.
All who got in now are now going to have a 4-5x on their hands if/when it hits a dime. As opposed to those who got in at 4-5 cents. We should be hearing something any minute on the judgment/settlement.
I agree with you. I'm thinking they came out with a modest settlement that makes it advantageous for both parties. I don't think it will be $300 million, or they would have fought it. I'm expecting $25-$50 million along with some type of partnership or buyout. Tilray needs to move on. So does everyone at Trimax. If Trimax was smart, they'd give .10 per share. If they loaded up, they make their money back, as I'm sure they loaded up sub-penny.
The spread on this is a flippin' joke, especially after 100 million shares traded. Just as much fascinating as it is frustrating. You might as well call this a halt.
Look forward to your post. The sooner, the better. LOL. Thanks for your perspective.
These small figure asks that suddenly appear are the hands of the MMs trying to hold this back. Now, suddenly a million shares show up at .025. Didn't see that for the last hour. And the ask climbs. We could all be fools...but for those who stick today out for the settlement news, you all have balls of steel who deserve every multiple. May it be a 10-100x, a la PTSC back in 2006.
Sensing the last shake before we head back to .03+. Barely any shares have traded for the last 20-30 minutes. Not many shares on the ask (mostly 10K-50K). Thinking the MMs are playing with each other with the sudden 700K ask going from .026 and .0265 to see if this can get brought down one more time. When it heads back up this time, I believe it's going to fly.
LMAO! Tru Dat! I'd say that's most definitely more accurate. Looks like the turnaround is about to happen. Congrats to those who double their money when we get back to even today.
We're all on needles and pins at this point. LMAO. What a frickin' crazy ass ride. It took 94.5 million shares - one-fifth of the O/S - to finally stall. This is the tug-of-war we prayed for. Still could fall, but I'll take a pause in the action over what we saw this past hour. Wow.
Off Topic: What is the best site to look at the daily trading volume history for a stock like this? Thanks in advance.
There were funny games this morning out of the gate the way it traded. I truly believe there are things at play here to shake out the weak hands, as anyone who sees a dip of 50% would likely want to get the hell out. Looks like the reversal is about to occur right at .025. Good luck to all of you.
That's awesome! Man, I remember how these patents were supposed to be a gravy train for PTSC. Then they were settling for like $50,000. I'm like WTF? LOL!!! Congrats on all your success with that ticker.
Man, I was so wet behind the ears back then. I made a profit. Just going down memory lane. I was a moron back then, LOL. I hope the same happens here for everyone. GLTY.
Holy crap! Patriot Scientific! I was in that back in early ‘06. That baby flew and crashed back down. We thought all of these cases and settlements were gonna bring millions and millions and that it would turn into a legitimate company. Come to find out, they were baby settlements that never made a hill of beans. And back down it went. Now it’s sub-penny. Still, thank you for bringing me back down memory lane.
So glad I got rid of this POS. So many other stocks moving in the space as well as the MJ and Psychedelics space. This is a complete waste of an investment. Glad I saw the light and sold for a loss in the $6 range before it plummeted further. I made my money back and then some.
EXACTLY. See?! Now, you get it!
Absolutely. Short position on this is an absolute powder keg. Filings going through any day now only add more dynamite to the stack. Go on Twitter. You’ll see not too many have this on their radar. Give it a few days. But by then, this thing will be pushing 2-3 cents. Prime example: ARCS. I wanted in this morning because it’s a solid pick that hit more radars. And it flew up 250%+. Missed it by a day. Well, I see this as my second chance to capture what I missed with ARCS (and a few others). I believe it to be a diamond in the rough. I’m actually dumbfounded this hasn’t caught the well-known Penny Stock movers and shakers on Twitter. But that bodes well for those who got/get in early. How do you think these guys score the 10-baggers anyway? I believe I have finally found mine here.
He might be off a day or two...or not. But I expect something to drop this week or next week. I’m chill regardless. Why? The shorts are getting killed. It’s a slow death for them. CEO knows it and has got to be enjoying them writhing in pain. If/when it hits this week or next, this is going to fly like ARCS did.
Something tells me with all of these other weed stocks’ filings gong through to become current, we will eventually see this being picked up by someone wanting to turn this around. Be ready.
CEO Matt Dwyer has something planned to make sure shareholder value is met both in the short-term and long-term. Not much selling going on. He's not teasing us for no reason. I expect an early Christmas for all IGPK holders.
Sleek done messed up on this one.
Absolutely, it has, and my apologies for not being more specific. This is penny land. And many in penny land fail to appreciate quality stocks that will actually sustain gains and go to levels 99.9% don’t ever come close to attaining. For those who got in low and already saw 3-5x gains, awesome. Congrats to them for having gotten in early. Many followed your lead and bought higher. Someone said this is unchartered waters. He/she is absolutely correct, especially in this space. For most, this range is risky. I believe there are many who will get in and out. But for those with wider vision, especially for those who got in early, this is going to help towards their retirement plans. GLTA
One day, this will run. And when folks look at this message board when it inevitably becomes more active, they’ll see they could have had this at $1-$1.50. 3-5x lower in price. I believe the new year will bring major new investment to the space, particularly this gem.
Even if shares increased over that time, I can’t imagine it was increased much more. 300-400 million shares isn’t insane. What is insane is the .04-.05 price per share with a low share count. I find it shocking this isn’t higher. When the CEO tweets other stocks that have blown up, he is giving the biggest hint anyone can give as to where this is going.
Yeah. PayPal. How many years have they been in business? And then there's Venmo. And a few other minor ones. Then you've got DeFi products in the crypto space out there right now like Coti, among others. Before asserting that the cost to gain that market share to get to $100 billion is unrealistic (and even if it were realistic, would take gobs of money), I should first ask you when you think they'll hit your $100 billion mark?
Let's get to $100 million first. I mean, seriously, you just said $100 billion. What in actual F#@K.