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Didn't get the chance to get to full position yet. suspect, I'll get another chance on a Market RED day. so far at 60% target size
share price behaving nicely
Started Adding Back today .84
added at .87 also. Figure this is a good enough pullback to get back on the table.
I don't see any lightning bolt moves in the near future but like the long term prospect.
will add every .10 lower if shows.
insider buy was great but also you need to realize that by buying those shares, he is saying that nothing material is forthcoming and that although he is bullish, it's a bullish feeling rather than inside knowledge of closed deals etc
What a great run that was. reality is that they are pre-revs and have a ways to go.
Added some .10 today... little bit at a time
I fully expect to see lower prices and will keep adding a little.
I like what I see in the industry. from a small to medium size processors perspective.
Demand still there for CBD products and wholsale prices for commodity is going up. 20% in last two months. Isolate & Distillate.
smokeable flower supply drying up.
We are still a couple/few months from 2020 harvest also.
I think we will see some promising messages from the industry. as such I'm buying half a dozen speculative plays.
just bought the crap out of TLRY at $8.31
CRLBF at $4.20
good luck to all
Based on Posts here it's going to Zero.
can't seem to find one positive sentiment...
We even have a disgruntled employee as a moderator... didn't realize that at first. That is an interesting twist and I think a first I've come across.
might as well just sell, take whatever cash is left and move onto something that is not dead money?
IN $10.22 Ticker lagging behind SPY which it tracks pretty well on these no news days.
we should see a good and hard pop here as the S&P heads toward green
Actually.. it's testing the $10.13 FIB now.....
Keep selling, keep selling....
no end in sight. I'll keep picking some up as people capitulate and sell at big losses. have a target position and less than 30% there as of today. difficult one to accumulate on. just have to leave it few days at a time and see what the new lows are showing...
got some more .112
still expect to see a drop on .10
thesis:
all on 'some eyes on the ground with' a view that once more CBD Co's BK, those left standing will reap rewards in a market that will not be going away anytime soon
YTEN moving up on Air here.. pre revenue, no revenue, no history of any commercial acumen Nor Success.
personally, I think this should be trading well under $5.00
but what do I know after 8 years+ of speculating in and out of this ticker
I expect bit more pain before we see results.. IF results are forthcoming.
Caveat Emptor, but this company has a chance when and IF conditions improve
patience grasshopper "a multiple awaits"
OR
take your cash now "what are you waiting for? Zero??"
Signature Block = Hemp Industry Prince
Based on High of .97 the retracement is on the 50% FIB now. if this fails its back to .74 on the 4hour chart which is based on a $1.21 high point.
give me the .70ss and I'll start buying back in. .60s and I'll load up
If news comes, it rockets...
If not it bleeds as all the good news is out for a few weeks.
buy the pain, was once said.
Didn't like this move under .90 on a green market day.
just makes me think there really isn't a lot of buying support, that this run up was fickle retail buyers swaying with the wind.
took a whole bunch off, time will tell if that was a good move.
Like the prospects here, but they are still pre-revs with a bad track record of execution-ahead-of-schedule, let alone on-schedule.
If.90 recaptures and holds in the short term, I was wrong... but I see lower until we get more news.
It was a big ride up from the .40s, & I'm grateful for it.
$1.00 is just a psychological barrier here. sure it topped out there back in January, but it was psych then as well.
We should get to a point that we fill the gap up to $1.20s'ish. as a start
all dependent on news which to date has been good after good
my 25K shares say we go higher. much.
only caveat is if the contrarian short group perk up to this. they have fire power. who knows maybe an algo will squeeze them
I'm deep into this industry on a daily basis dealing with major formulators, processors, growers etc across the U.S.,Canada,South America, Europe and Asia
Biggest case we see for backdoor legalization is that groups across the country are currently doing conversions. It's the hottest ticket item right now.
You can Convert in the lab:
-THC to CBN for compliant CBD material (When you process CBD flower you always end up with 2%-4% THC in your crude/distillate. You have to take this out before you sell that CBD commodity.
-THC(Delta9) to Delta8 which is not illegal but gets you high.
-CBG to CBC for physcoactive molecule from CBG
-THC to CDBv
In almost every state right now you can buy Delta8 vape cartridges which do give a psychoactive affect just like THC(Delta9)
....and this is the big one.
CBD to THC. Yes you can take CBD flower and molecularly convert this "legal" material, legally grown in pretty much every US state to pure THC.
NOW the Hemp bill legalized hemp and all derivatives from that grow.
many I know see this as a back door to selling THC across the US. There is no legal challenge to converting CBD to THC at the moment. You can grow CBD and legally convert and "sell"??
Will see.
I'm deep into this industry on a daily basis dealing with major formulators, processors, growers etc across the U.S.,Canada,South America, Europe and Asia
Biggest case we see for backdoor legalization is that groups across the country are currently doing conversions. It's the hottest ticket item right now.
You can Convert in the lab:
-THC to CBN for compliant CBD material (When you process CBD flower you always end up with 2%-4% THC in your crude/distillate. You have to take this out before you sell that CBD commodity.
-THC(Delta9) to Delta8 which is not illegal but gets you high.
-CBG to CBC for physcoactive molecule from CBG
-THC to CDBv
In almost every state right now you can buy Delta8 vape cartridges which do give a psychoactive affect just like THC(Delta9)
....and this is the big one.
CBD to THC. Yes you can take CBD flower and molecularly convert this "legal" material, legally grown in pretty much every US state to pure THC.
NOW the Hemp bill legalized hemp and all derivatives from that grow.
many I know see this as a back door to selling THC across the US. There is no legal challenge to converting CBD to THC at the moment. You can grow CBD and legally convert and "sell"??
Will see.
10bux or broke. Been adding to my position last couple weeks.
getting little more active
Next Catalyst? just starting to conduct DD around revs, pipeline, forward marketing statements, broken promises, disappointments etc. you name it.
That ER/CC just doesn't smell right. seems like they come up with same excuses over and over again. Nigeria in itself ( scam capital of the world ) should be a red flag within itself.
I wanted to see real tangible proof of these contracts.
smokes and mirrors in my opinion. Not worth my money. good luck to all others
Took 500 shares at 114.77 avg today. Swing trade. should recover unless the markets tank in next week.
caveat: I've never owned this stock before in my life. purely a technical play. buying blood in the street
Took Starter at .17
Finally an Uptrend. either an Institution is accumulating or an Institution is covering their Short position.
Either way the message is the same. Some large group with insight has made the call that it's time for this to go up in market cap.
sitting on large position that I don't intend to sell this side of $10.00
ohh my, talk about greed
Price has dropped through all technical support levels since its move to $2.50 .
The question has to be where all these shares are coming from that sell into any chance of a move higher.
I take it back. NO real company would trade like this. Something not right at all.
Got lucky to get out of this on a little pop after hours on friday.
Now just sitting and waiting for the bottom.
contracts cannot be real, or the company has some ATM facility or something they are selling into.
JMO
My DD says real company with around 30 employees, software engineers, security specialists, encryption experts, marketing, sales etc. Looking through their profiles lead me to believe that this deal is real. time will tell.
I took 5K shares on the pull back to the last FIB retracement at .95
will see how it opens on Monday.
on the 5D/5M technicals holding up here. VWAP support and volume good. my avg now down to just under $1.20 time will tell if that is bad or good. needs to clear .54 for a new high or this run will fade
trading room pump. looks. no news
Shorts/profit takers should push this down the VWAP for a test.. what happens there will tell the story on this pop
I took .47 lets see if holds
I'm not saying $1.20 is remotely possible in the immediate term, just saying at some point I need to do something about this $2.00 avg. I'll be out there visiting a large Hemp processor down the road from them in January... will swing by and see, what I see.
and hopefully, that is not some empty, abandoned, burnt out building.....
Nice Volume at close, but still did not add yet.
I know NSOM. I have just been watching and waiting.. seems like .30s will come. my avg is just over 2.00 but luckily not for a lot of shares. I'll double down for cheap here at some point and give myself closer to $1.20. not betting the farm, but will see what the insurance adjusters come in with.
If anything comes back dodgy on the Fire.. this is full and instant BK. Right?
conversely if comes out ok and they rise from the ashes, so to speak, the risk reward case would be well rewarded on any dip into the .30 or god forbid .20s etc
I give it to the low .30s the notion of selling IP to some foreign entity for pennies on the dollar, taking the insurance money and running must be on the mind of management after laying off 60+ staff.
That is if the fire was truly an accident and not some get out of jail free - insurance job...
either way future very unclear until the fire marshal comes back with an 'all clear'
At Full dilution with warrants, I need a $92M market cap to exit solidly green.
pretty shitty as no way in 2020, maybe 2021 if company hits a few home runs.
IP was worth more than what this deal represents. agree.
sad day. they have thrown us under the bus
Canola results should be out before Christmas, Bayer's research license expires in 2021.
Bayer will most likely buy the company then.
LOL .. bagholder talk