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This stock is undervalued. The retail team that is running this company and the fact that the Schottenstein‘s are financially backing this stock makes this a guaranteed winner. IMO, the reason the loan terms are so favor is that the money being lent to the company for these acquisitions is coming from the Schottensteins. One of the recent deals was financed at 3% and even one of the convertible loans was convertible at $7.00. You never see loans that favorable on a penny stock.
As I said before, I know people who have worked with this company (before they went public) and their vision is to be the leader in the sector. I am frustrated that the price has dropped, but I also see this as an opportunity to buy at low levels. IMO, this is easily a $20+ stock in a few years.
The two market makers OTCX and VALX are playing both sides and IMO have driven the price down. Every day on level two they are on the buy for a considerable amount of shares and also on the ask for the same amount they are on the bid for. Here is a screenshot I took at the end of May. Of course the Market Makers excuse would be they are trying to find a price range where retail buyer consistently buy the stock, but IMO that is BS. Sorry for the large picture. Posting from my phone and can’t resize.
Very strange trading since I can’t find anything new anywhere. I think you may be right about some group trying to move it. I know at the end of this month the business license on NVSOS will go into default if it isn’t updated.
I went ahead and sold my 2,279 shares today at around .33. Hell, a week and a half ago those shares were worth $22, so the $700ish I got for them makes me pretty happy. Of course now it will probably go to $5.00.
The MM OTCX seems to be behind the move, which is odd since I don’t believe that MM is used by any of the regular retail brokers. I going to keep and eye on it. Maybe I’ll buy back in if it drops back down.
Seriously, if you make your decisions using barcharts, you will lose money. They only take into account charting, which is fine for established stocks, but mean little to nothing for new emerging stocks that are constantly making acquisitions and revenues are growing exponentially.
I’ll take the company that actually has assets, millions in revenue, unlimited favorable credit (no toxic debt), and is run by billionaires who can put their products in the thousands of stores they own.
Nice. I had a feeling Fl. License was coming. Great time to announce it.
I think we hear some news today or tomorrow. They need to stop the fall. Announcing something big could reverse this trend.
The company you linked to has $600 in assets according to their last 10q released. They also only have a license to grow and cultivate hemp, not medical marijuana.
I don’t believe he is “bashing” this stock, it just sounds like he is frustrated. I completely understand why too. I personally look at this stock three or fouryears down the road. You can bet that by then they will have the revenues and meet the requirements to be able to uplist to a Nasdaq by then.
Look at the daily naked short interest. This is basically OTCX and VALX selling shares they don’t actually hold. In other words, non retail selling.
https://www.otcshortreport.com/company/GGBXF
It trades on the Canadian stock exchange but it is duel listed on otc exchange. Many investors stay away from otc listed stocks. Yes, all the information we are talking about is “out” there, but it isn’t like this stock is being talked about on financial networks or Bloomberg. So basically we get PR’s released through Global Newswire.
Frankly the only reason I know about this stock is I have a friend who was working with them a few years ago, before they bought Xanthic. He kept telling me their vision and their plan for their company. Of course I just kind of blew it off, but when they bought Xanthic, I started watching closer. Unfortunately I waited too long to buy after the stock started trading and I am underwater myself.
The point I am trying to make is the stock isn’t widely known about. License acquisitions will put this on more people’s radar. Unfortunately MM are in control of the stock at this point and until we get retail buyers it is anyone’s guess where this will go.
Good points. schottenstein family is behind this company. That basically means unlimited low cost credit line. Their long term vision for the company is extremely encouraging.
Nothing until they want to drive it back up. Of course their excuse would be they are just trying to find a PPS range where retail buyers come in and consistently buy. The trying to stabilize volume and price cause. The good thing is if they are “short”, big news (Florida Cultivation license), could completely trap them, so to speak. What the stock needs is more retail buyers.
They just did a huge share buyback and their are not financing their operations with toxic notes. I would argue they are actually care quite a lot about their shareholders.
It seems to me that two Market Makers (OTCX & VALX) are the ones “manipulating” this stock downward. Level two shows that both these MM are on the bid and ask with the same shares on each side. For example VALX had 13000 on the ask and 13,000 on the buy and OTCX Had 3,000 on the ask and 3,000 on the buy. This occurs throughout the day all day.
That number only accounts for the licenses and subsidiaries they currently hold. A lot more acquisitions coming. Fl. License to grow IMO will be announced this summer, could be as soon at next month. That alone would change those projections.
From what I hear their goal is to secure licensing from every state where growing is legal. By 2024, this stock could easily double the projection those analyst are giving today.
Two months isn’t long term.
In all honesty it looks like market maker manipulation. VALX seems to be playing both sides and they are not a typical retail MM. They also seem be a major player in other MJ stocks. This stocks is going to be huge IMO. Buying the dips is the best strategy.
Better to use restricted shares than pay cash they need for operations. I believe they have also been pursuing acquiring a FL license for sometime. Dave Grutman got some ownership according to an Instagram I saw months ago and the Shottensteins yacht has been spending a lot of time in Miami. The clues point to FL license. IMO we could here something soon on it. That would give the stock a big boost.
This stock is so cheap right now, heading to $11 this year IMO.
Apparently Workhorse isn’t even the company in negotiations. It is another company owned by the co-founder. Workhorse would only be a minority holder in this company.
https://finance.yahoo.com/m/fe1e3176-f71d-3016-bdcd-c4b58871fa44/workhorse-spokesman:-postal.html?ana=yahoo&yptr=yahoo
How many shares were shorted yesterday?
One more note on the PLKD reverse merger. They did a 500-1 reverse split and the the stock was trading at .0001. The Split put the price at .05. After the D was removed it dipped to .01 and then Skyrocket to .41. PLKD also had a ton of toxic debt on its books. Outstanding shares after the split was 14,000,000.
If this dips on low volume once the D is removed I am loading. I think the company will soon become current and start releasing some PR’s.
I also think once the D is removed we probably will see a pull back before any run, but I believe the float will be roughly 500,000 that will trading. The rest of the float are probably dead shares that won’t ever trade.
PLKD went up over 500% after their reverse split. This has an good chance of going up short term. I agree Long term, it will probably go down.
Usually these companies reverse split because they have diluted and maxed out their shares. This is a different scenario.
There are now 1,009,000 unrestricted shares in the float. Since the stock was dead for for years there are probably more than likely half that amount still being traded. The company has zero toxic debt or notes. This still could go up quite a bit, especially if it is manipulated by those behind the stock.
After split 4.5 million shares will be outstanding, with 1.1 million unrestricted. 25 cents a share after split if it goes through at today’s closing price. If the company doesn’t diute right away, which they shouldn’t since the company has zero notes outstanding, this could run.
Hopefully the people behind it will manipulate the price to a few dollars. I was in PLKD when they did the reverse split and reverse merger and it went up something like 1000% after the split. Hopefully the same happens here.
They can list the stock split all they want on NVSOS, but it has yet to be approved by FINRA, nor will it until they become current and then apply to FINRA for one.
That being said, they are obviously doing a R/S because there are 400,000 restricted shares. I think we see a 50/1 split, which is the ration that Lazar did with BESE. After split non restricted O/S should be around 2,000,000. This could easily still reach pre-split highs.
Probably still 500,000,000 unless they change the number in NVSOS filing. They had to do a RS since the shares were maxed out and a majority of the outstanding were restricted Fromm the previous company. This wipes them out. 50-1 is pretty generous IMO and we may see this actually run with a legit company.
Looks like the original founder bought the company back from Bluepoint in 2016 and took it private. This makes sense since the last filing with the FLSOS was 2016. https://www.bizjournals.com/austin/blog/techflash/2016/01/telecom-veteran-mike-dance-buys-back-brookside.html
Here is the private company
http://www.brooksideus.com
The guy is a tax attorney, so who knows. Sounds doubtful though.
Any news or filings and we go to .02 immediately. Heck, we clear those .005’s and get some support and we should break .01 fairly easy.
Doubt anyone has made a mint here yet. Most of the buying over the past 8 months were at higher levels then the selling over the past week. There has also been very little volume over that period, so unless a few thousand dollars is a mint to you, little has been made.
IMO, it is just people closing out their position for tax purposes or impatient people that thought they were going to make a mint over a few days and when that didn’t happen, they decided to sell. The company also isn’t selling as the float hasn’t changed since the custodial filing. The share structure has been updated by stock transfer agent every month and it is exactly the same each month.
We also have to remember the average otc investors doesn’t have a lot of money lying around. A lot of time they can’t afford to let the money sit in one of these stocks for a week, let alone a months.
This board has also been quiet over the past eight months compared to stocks that groups tend to pump to dump. This is a buy and hold stock. I bought back when the custodial filing first came out and sold most in the .015 range. Buying at these levels is a no brainer. Once news and filings come out this will go well beyond .02.
Looking really good here. We should see filings soon.
Awesome. Glad I bought more. Remember, this went to .02 when Lazar filed for custodianship. I was expecting to hear something or see filings right around the new year and this development indicates that this may happen.
Hopefully the Chinese will start buying shares. Hell, DOL* went to almost .20 and it had over a billion outstanding. This could easily surpass that with the right news and filings.
Grabbed some .0024’s. When we get merger news this will fly past .02
Really? I went to the website and there is nowhere to make a purchase. Also the company was just set up not even three months ago. This has penny scam written all over it.
So that website was started 7/25/2018 and you can’t even purchase CBD OIL from it. Why would they do a deal with a company that seems to have no inventory and zero history? It would be better to just start your own company. It literally cost max $10k to buy a wholesale shipment of CBD oil from a wholesaler in the US. This is a total scam.
Well, NVSOS still says 7.5 billion and OTC markets was just updated today and it states 7.5 billion too
Almost 4 billion outstanding and 1.6 million owed in notes that are convert at 45-60% discount. This is never going to a penny. Hell, they would need to convert 3 billion shares to just pay $150,000 of that debt. No way this company can lower A/S either.
Weird that their twitter account has gone quiet three days ago. No mention of the share reduction on twitter!