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It is true, and the word is out.
What is this business about whales and lightbulbs?
They've been "contemplating" this for 6 months...
It's when high-school let out at this rich enclave in Marin County, California - when everybody lit up.
I now have a gag reflex every time I see "DD".
Market makers must post a bid and ask - that is their version of free parking.
Delware's so-called medical marijuana law is TOTAL CRAP. Anyone that supports that pile of steaming ... is a prohibitionist. It throws 90% of medical marijuana patients under the bus.
Well, I've recently demonstrated that my predictions are completely WRONG. Like when I was expecting fire-works on Friday.
So I'll spare you my advice. Except to say that based on the total nonreaction to the announcement of the signing of the joint venture, I don't expect any more dramatic runs for this stock, nothing that would produce a pull-back deep enough to warrant selling with the intent of buying back in.
What I expect is a very slow, gradual, increase.
No, it was published yesterday, May 7th, and corrected today, May 8th.
But you're right. It was originally published yesterday, not today, so I guess it is old news.
No, actually the New York Times article was published today, and the Arizona Journal article was published Friday.
BTW, read my post again. I think you missed a thing or two.
But you're right, in a sense, I see the letter was sent to Arizona May 2nd: http://www.huffingtonpost.com/paul-armentano/medical-marijuana-obama-_b_858204.html
And the Huffington Post article was published Thursday, May 5th.
I think this explains the dip at the close.
New Federal Crackdown Confounds States That Allow Medical Marijuana: http://www.nytimes.com/2011/05/08/us/08marijuana.html
Medical Marijuana Is Not Legal, Says U.S. Attorney Dennis Burke: http://www.azjournal.com/2011/05/06/medical-marijuana-is-not-legal-says-u-s-attorney-dennis-burke/
Using the same logic, we're all (shareholders of marijuana stocks) just as guilty as ... well, as anyone else.
I say spread the guilt!
It is the most recent post on their home page http://trader.trading-the-forex.net/ dated May 8th.
I'm thinking that must have been written in december. When did the stock do 14 M shares before noon?
It was december: http://www.cleanpowerconcepts.com/211210.php
I don't see that it will do much of anything:
Taxing medicine? So the sickest and poorest pay the most tax?
Allowing local jurisdictions to ban medicine?
Is this what you want for medical marijuana in 50 years? http://www.abc.alabama.gov/%28S%28fbjbnwqa0bxldx2x0cmlqni0%29%29/wet_dry.aspx
Why don't you tell us how much Merck, GlaxoSmithKline, and Pfizer pay in sales taxes?
I'm sorry, but the schwag grown in mississippi isn't strong enough to have 5 levels.
And PTSD patients don't use cannabis for PAIN. Nope, that ain't why they use it. People who use it for pain are PAIN patients.
But thanks for the info.
I'll say one thing about NORML & MPP, when it comes to drumming up business for lawyers they can't be beat.
If you Google "tornado bridgeport alabama" you will find a number of videos and some news items. They are calling it the Stevenson/Bridgeport tornado.
One report says a tornado touched down 9 miles southeast of bridgeport and proceeded north/northeast through bridgeport. Another says 3 swept the area.
In any case, Alabama Bio Diesel is most likely scattered across half of Georgia - the tornado(s) began south of Alabama Bio Diesel and swept up the river. It was along the path.
The PR was carried by the Street and is on Bloomberg, what more could you want?
As for the Alabama plant, are you sure it's still there?
Googling the plant, it appears it's in Bridgeport, so there's a good possibility it's no longer there, perhaps scattered over Georgia.
I don't know, off the top of my head, if there were any tornados in that area, but it is in the track - more or less - that they took across the state.
checking some more, there were numerous tornados in that area, I recall there was at least one reported in Chattanooga.
They would tend to go up the tennessee valley.
That part of the state had extremely severe weather. The fact is, no one alive today has ever seen anything like it.
Here's a video:
I'm totally baffled.
If this were a marijuana stock it would be worth 42 cents by now.
What has me most baffled is the volume, or lack of it. No volume, not worth mentioning.
Uh no. Those figures I posted here were missing 3 zeros.
600,000MT/year gives about 219,000MT oil and 394,800MT meal...
...and that is based on multiplying the capacity of the regina plant (219,000MT/year) by 3. Which is why the tonnage of oil+meal is greater than the tonnage of crush.
At the time, the only way I could figure how much oil and meal you got out of the crush was the figures quoted for the regina plant at 150MT/day (54,750MT/year).
So I extrapolated those values to the capacity of 600MT/day (219,000MT/year of crush) for the Regina plant, and then mutiplied that by 3 to get values for the joint venture of 600,000 MT/year.
And, the yearly crush capacity for the Regina plant was calaculated as 150MT * 365, so the real capacity would probably be what? How many days a year would they actually run the plant? 200?
I noticed that earlier, bid for 124000 at $0.10.
BTW, it appears I extrapolated my numbers for the joint venture from the figures they gave for the Regina plant, which at capacity of 600MT/day would crush 219,000MT/year. I multiplied those figures by 3 to get thumbnail values for the joint venture of 600,000MT crush per year.
My figure of $0.03718 earnings/share for the joint venture was based on 600MT/year giving 219MT oil & 394.8MT meal, with revenue of $226.6M and $92.1M respectively.
However, if you give CPOW profit for all the meal, that brings the value of the joint venture up to $0.12 earnings/share.
I just noticed that I only gave CPOW 10% of the meal...at least that's what I think. I feel like I shouldn't comment at all, because I haven't reviewed this spreadsheet in months and haven't compared the numbers to the SEC filings. But now I've got $0.24 earnings/share.
Now we see some fireworks.
BTW, I think sending the press release out at high noon on Friday is a good move. That means the most impact will be realized Monday.
OK, according to my spreadsheet, which i haven't looked at in months, the JV with CPOW getting 10% was worth $0.03718 earnings/share.
The earnings/share from all announcements came out to $0.16112.
No matter how you cut it, the stock is currently significantly undervalued.
I'm not saying anything except that profit and revenue are not the same thing.
And anybody that doesn't know the difference shouldn't be trading stocks.
I've got a spreadsheet where I calculated the earnings/share based on their announcements, but I don't feel like looking at it right now.
However, it does appears to me this is a buying opportunity at the moment as the news obviously hasn't hit the street.
Earnings would be about 20% of revenue. They claim a 28% 'core margin'.
I must admit, I was expecting CPOW to be trading at 20 cents by now.
Best I understand that JV, they can't PR it without CGG's OK.
They haven't sent out a press release yet.
So what's the price gonna do tomorrow? And next week?
I haven't read the full version yet, but it appears CPOW has veto power...that could be worth a lot more than 5% as things play out over the years.
I think this pretty much guarantees that CPOW will be a going concern for the foreseeable future.
Haven't thought about CPOW in some time, except to notice the floor seems to be pretty solid.
I was just thinking it's time they issued some sort of press release, which is why I'm here looking over the posts.
I'm sure the pharmalords are toasting Huntington Woods, Michigan at this moment.
Maybe it means there is news out that's not so awesome: http://www.rawstory.com/rs/2011/05/04/exclusive-doj-plan-to-arrest-state-licensers-tax-dispensaries-could-doom-medical-marijuana-industry/
I'm not in the desert. I'm in Santa Cruz, and the weather is magnificent.
hahaha
Right, no real "dd" allowed on IHub. Not even if CMSI has a "joint" venture with MJNA.
OK, fine. Please list the officers here if they're in that press release.
What it says is "to be announced April 15th."
I'm surprised the stock is worth more than 2 cents at this point.
"DD" is not typing "slap that ask", no matter what the MJNA admins say.
Last night I tried to find a list of the new officers of MJNA, with no luck whatsoever: not on their website, not in their press releases, not in their SEC filings.
Nor have they followed up on any of their other half-announcements.
So, they say they aren't buying companies that have dispensaries or grow-ops, and then they say they're gonna buy GWPRF?!
Huh?
Another cease trade? I had no idea, until now.
That makes 4 over the past year. Is that some kind of record?