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Great opportunity to add more at these levels. It's a gift.
Pullbacks are healthy for stocks. Ones that tend to go up parabolic (see tilray) seem to crash hard. This stock is going to continue to climb. Should consolidate in this range and leg up again.
Looks like NGW will catch HEXO at this pace.
"Typically, when we see a cannabis stock that has rallied more than 300% in less than one year, we consider the opportunity to be overvalued and overhyped. When it comes to Next Green Wave, this could not be further from the truth and we are bullish on how the business has advanced and believe that it has substantial potential catalysts for growth."
Great Read.
I grabbed another 20k shares. Averaging up. No way this stays lower than $.50 for too much longer.
Yep. I can see this in the $.50 range by EOY. I'm hoping we clear $.30 and establish a support.
I'm curious to see what happens after we break $.30. My gut tells me we are on the verge of a massive tick up. I wouldn't be surprised if we run to $.40 quickly. I was invested in VFRM (cbd stock on OTC), and watched it run from just under a $1 to $9 in a matter of months. Float was less, but overall company is garbage. Burning through cash left and right. Then you had TLRY which ran from $15 to $300 in months. I prefer a steady healthy climb, but anything can happen. ADDING MORE and will continue to average up.
Indeed. The volume increase is very exciting to see. The days of 50k shares traded are over. Exposure has commenced and Mike has done a great job making this company more known. Exciting future ahead.
I wish we could see LVL 2s on OTC stocks. Price movement has been great, steady gains and no massive jumps. Interested to see the $.30 mark and if it poses any resistance. I project we break through soon and run to $.35 and establish support at $.30.. I also get the feeling we may see a big move of 30-40% in a day. Buyers keep coming in we can double from here in a very short window.
He means that sometimes investors look at the CEO or insiders selling shares as a bad thing. Tilrays CEO sold 200k shares this week. It’s how they make money. Mike selling 1 million out of 30 million in a private sale is a nothing burger. When Millions of shares are sold and the stock price takes a major hit, that’s a worry. I’ve been in those situations. This isn’t one of them.
This is just the beginning. Ready for the day $1/share is the floor. Cannabis sector hot today. NGW one of the only profitable companies in the sector. Wait until the news spreads, and it's starting too. Helluva job Mike Jennings!
True. But he had 850,000 at $.15. So how I look at it as he sold 300k at $.29 that he made $.14 profit on and was granted an additional 400k last week. He may have needed money, so he sold. Doesn’t mean he doesn’t think the price is going higher. He still has 950k shares.
Dzisaik was granted 850k shares in January for $.15 Canadian. So it wasn't a $.04 profit. It was $.14 profit from what I am seeing.
Someone is trying to pin it under $.21 today. 415k wall.
Easily. Soft launch did $100k, so I can see $500k very acheivable.
Just slapped the ask for us a couple of times. Try to build this momentum up again.
Yeah. Interesting day for sure as buys have been heavy. problem was the morning dip and the buys scraped up the lower bids. Then we had small sales that drove down price to lower bid. Still 2 hours left. Great to see the volume above average. Lots more attention on this stock now.
Large Volume this morning...
The worst is when a company has to do a reverse split to stay compliant to remain on an exchange. Luckily for us NGW is on the OTC. Being in the OTC of course has a lot of negatives as well. i.e. exposure to more investors, less constraints on transparency and reporting. NGW will issue more shares at some point for growth, imo. As long as they use the money wisely, it will be a positive for long term investors. That being said, I don’t anticipate dilution anytime soon.
Great day gents. Bullish pattern very much in tact. Should see new 52 week high very soon.
Spot on. I concur and can say that the fact that Mike came on this board and delivered his message speaks volume. Very appreciative Mike and keep up the good work. You have a devoted group of investors that are behind you.
Insider buys, volume increasing, financials shortly. All seems to be bullish on a nice quarter release.
Very good chance. Glad I've been adding. Just wish I would of double or tripled my position at $.05 :)
Next leg up is underway. Solid financials and we can double from here. Whoever was keeping this pinned down, has now lifted his sale orders or sold his shares. This stock will be over a dollar in the in less than a year and potentially sooner than that. Keep believing and accumulating. Mike has us going in the right direction. Feels great to be out of the gutter and feel confident about the future.
Nice bid at $.175 Hopefully this is the start to our next run. Good earnings and may hit that 52 week high again.
Yeah, he's not going to do it before the election. Too many other things going on at this point. Full attention on campaign, supreme court nominee, debates, and playing with the media.
Yeah. I'm holding out for a lower price. Trend is going lower and we have sellers trying to drive it down currently. Problem with penny OTC stocks, very easily controlled without volume. Big reason we dropped down to a measly $.035 low. It's going to take consistent growth and positive PR, plus a more bullish sentiment on the sector as a whole, to get this stock going north.
It would also insure him a win in November. I've been saying this for the last 3 years.
This stock is going to $.05... Only hope is to average down significantly and get the hell out.
Not there yet. Another year and buyout will be on the table.
NGW is moving down because someone is trying to push it down. Obvious in the bid/ask. 200k ask has been moving blocking and moving us down this past week. ACB doesn't have anything to do with it IMO. Someone wants to take this lower and unfortunately the bids have dried up over the past four weeks. On the note of ACB - they suck! Fortunate to have gotten out of all the cannabis stocks except NGW a while ago. Wall street is certainly not a fan of cannabis right now.
Unfortunately, no one has been willing to eat at the 200k ask in the past 3-4 trading days. We have a standoff.
Someone is playing the wedge between $.16 and $.18
Biggest downside is it’s a micro cap on the OTC and no one knows about NGW. It’s a minow in the ocean. Very difficult for the minow to grow into a bigger fish. If you’ve dabbled in the OTC you know that the majority don’t survive or move to a large exchange. That to me is the downside. All that being said, I’m betting on NGW and am very impressed with the direction we are going.
Yeah i took a beating in this POS. Didn't even know about the call. No emails, nothing. Worst IR team in history. What did they say on the call? Anything?
Lots of shares to eat through and appears no new money coming in for past three weeks. Gonna take some PR from IR.
They’re just lowering it. 500k up for sale
Someone wants out today
Need to break this channel. Over $.20 we run again
Ask 480k shares at .1786 need that taken out or taken down