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How exactly do you think these scams work? One google detective can crack open the nut?Joel and MJMJ are intentionally vague so they can have their way with shareholder money. Don't believe it? Want proof? Sorry, don't have it, keep your money here if you really believe this is a stand up business.
All signs point that it is not, but proof? That's not so easily acquired as this is done through legal channels. This has stunk long enough, toxic financing, misleading statements... who in their right mind would be on this stock? The only rationale could be to capture gains from a dead cat bounce.
buyer beware, RS IMMINENT HERE
This stock has stunk for months , there's just a few bag holders left that won't admit they've been had. Maybe this runs again if the pump gets going but I doubt it. Sentiment is too negative. Joel has failed on multiple fronts (exorbitant non-itemized costs in 10q, allusion to R/S, canna camp debacle, endless dilution, toxic financing). It's a plain as day con, but as they say you can only lead a horse to water
Tis why you are a baggy - the conference call was a lot of hot air with thinly veiled ass-protecting. R/S will be the next announcement, and that CC foreshadowed it.
Joel is a con-artist. The fact you are still here shows you have a long way before you actually make any money.
Fool me once, shame on you. Fool me 150 times, call me a penny stock investor.
Indeed - bought this as a momentum flip (and wagering on canna camp news), big mistake! Immediately after, I vetted the 10q - their costs are inexplicably high and veiled (under G&A). This was most major red flag, along with several others. Sold at 40% loss and never bought back in. I've been following this ticker a while and unfortunately this appears to be no different than other scummy pink sheet CEO's and stocks
don't quit your day job... if you can't understand why this is a BAD investment, then you can't be helped.
ls
get the cheapie boys, to da moon
jk, don't buy this toxic PoS. Joel is a fat turd who's been sketchy for his entire career. If you couldn't tell he was a corrupt moron from those interviews, I don't know what to tell you - don't invest in people FYI because your judgment is poor. fat lazy PoS couldn't create shareholder value is his life was on the line - he'd just get stoned and end up passed out in the gutter getting mauled by rabid parakeets
IMHO
Ever heard the phrase about putting lipstick on a pig? Ya.. OK whatever, MAN that's like, your opinion. The rest of us have stopped making excuses for this pig of a ticker and CEO because its costly to live with beer goggles
In no way shape or form was that a 'good' 10Q. Operating loss was 4-5x revenue which is fine in early start ups except 80% went to G&A without itemization. Him/family taking a huge fat salary and screwing over shareholders. Pfft to you and misinformation
I sold after I read the 10q and canna camp fell through. Pinkies don't get a second chance.
glta
LS
Writing on the wall with this one for months explaining the continual downtrend:
1) prior 10Q sketchy - G&A cost exorbitant and unexplained, accounting for majority of spending and operating loss (major red flag)
2) Cannacamp deal announced before finalized - falls through and price tanks (major red flag)
3) Joel casually mentions R/S on conference call mitigating his upcoming culpability in the case it does happen (this is a major red flag)
4) dilution has continued for months - some date soon (not sure when exactly) another 1 BIL shares authorized for toxic financing (major red flag)
If by now you haven't figured out this company is another typical pink, you are living in la-la land.
I'm not saying a massive run isn't possible, but i'd wager the odds are 10:1 this will trend down to 0001 and R/S. Not worth it, IMHO
ls
Sentiment is at an all time low for this stock, that's why you're seeing stagnation. It's going to take more than good news to re-ignite interest. It's going to take game-changing news.
omfg WOO HOO CHEAPIES ARE FINALLY HERE BACK UP THE TRUCK
I'm laughing at their relentless attempts to put lipstick on a pig. (mjmj)
I've gotta say that does sound awesome. I'd love a wedding where folks could get stoned instead of hammered. Would be so much more fun (unless you are the paranoid sort)
if cost haven't come down in Q this company is toast, 2.1 MIL G&A in last Q stinks. Doesn't matter if they're making 800k if they're losing 2MIL. I'm hoping that was associated with key business growth levers but there was no clarity so it probably went to him/friends/family - crony as f*ck. i won't touch this; history here has been cruel to shareholders. i hope it runs but i won't risk it. imho
And how, exactly, with an operating loss 3x revenue in prior year would they be able to finance a share buyback? History has shown us the last thing this company does is protect shareholders. R/S Imminent
imho
Joel mentioned R/S in CC to cover his ass because he knew he would dilute this into the trips.
lobotomy?
dccpoker is right - they have another 1b waiting in dilution ; you're a fool if you think they won't use it.
edited to add this is approximately 5 months away; so the stock has potential for major swings before then. but come that date, i wouldn't own a share of this.
I've been saying this exact thing all along, mods here don't do shite
The philosophy of bagholders
Mods on this board doing a shit job. Should've banned CyberTrader a long time ago. he's clearly trolling, spreading hype and fear in equal portions.
did you look at the 10q? G & A cost was almost a million dollars, stinks to high heaven
speaking generally, 1 average sized/strength joint has stronger intoxicating effects than 1 average size/strength beer unless maybe you are a 2 foot tall asian lady allergic to alcohol , oh shit, is that you? my bad
real groundbreaking stuff here
Good DD - smart money will listen. flippers will flip, pumpers will pump, retailers should vacate
after listening to joel in this youtube video and the sketchiness around canna camp, i took my stake out of this dog, stinks like a 3 day old sun baked coon
the spin doctor is in!
You're right, 'fluff' is the wrong word, it's more like a life raft for a sinking ship.
Fool and their money soon part ways. Joel laughing his way to the bank on this one.
If you take the time to look at the past 10q, you'd know.
MJMJ ($$)
no actual news, just confirmation of the known.
thats fluff,
price going down
ls
mjmj ($$)
They're just mad because they rely on deception to make money.
Thanks for keeping it real.
LS
We'lll see if the pumpers reign supreme. They're a relentless bunch just like the bashers. I play around in OTC with leftover money from index fund / blue chip dividends. it really is a casino down here. you buy a story in anticipation of some emotional boiling point that leads to a run. and this had a great story, world class PR, real revenue, nice reviews on hotels.com. but most veterans have been burned down here at one point, and so this story becomes exponentially harder to sell after any scent of a scam or sketchy activity takes flight - ala Joel speak out of both sides of his mouth about canna camp and also dilution, it seems, which clearly isn't over - because this reminds of those old scars and the ultimate truth that 99% of these companies are pieces of shit. maybe this one isn't, but the odds are not in its favor.
glta, i'll be watching for my entertainment. ;D can the pumpers outweigh the negative sentiment from dilution/magna/cannacamp? only time will tell. its his a real, viable business? bring on the 10-q joel
scared isn't the right word, when you're lied to by the leader of a company, you become skeptical of their entire operation. that's why most folks dropped out and lost interest. that and dilution - which seems endless; why risk it?. imho
ls
Who's ruining this run?
VFIN, BMAK -> Dilution
Impending Toxic Financing Via Magna
Low credibility CEO speaking out of both sides of his mouth (i.e. CannaCamp)
2MIL loss last 9 months ending Mar 31
Known paid pumpers
So what if there revenue is up to 200K (if that's even true). it must be tempered with actual cost of business operations.
Don't believe anything you read here. Do your own DD
imo today's run was a blessing for those wanting to exit. This will settle back in the teens.
The only way this really runs if they significantly reduce cost, end toxic financing, and show progress towards profitability. Won't be known before 10-Q. Only way Joel re-establishes credibility is with the numbers.
ls
out at .0022 GLTA
you realize all of their exact costs are in the 10q right, and the costs vastly, vastly exceeded their revenue (was like 400k rev 9 mo. ending mar 1 vs 2mil in cost)
in the 10q it said they had about 400k for 9 months periods which would translate to about 530k in annual rev for the first two properties alone.
Death spiral financing if Sason and Magna are really involved
http://www.prnewswire.com/news-releases/yippy-inc-ceo-files-50-million-lawsuit-against-magna-group-llc-300104501.html
Sorry for your pending loss, Quickdraw, if it does happen.
After looking over their 10-Q and watching Joel speak, I became suspicious and started "bashing" which really was just me trying to be honest about what discrepancies I saw. He doesn't seem like an honest man, doesn't take care of himself, just speaks in hyperbole mostly. Red flags painting a scum bag. Nonetheless, I grabbed 1mil shares Thurs betting on a decent PR over the weekend and not 24 hours later we do get disastrous news revealing Joel to have manipulated his investors and the marketplace. Should've trusted my gut but I'm a gambling man and this thing has insane attention - 1 big PR and it would've run.
If he had integrity, he would've released the downward news about CannaCamp immediately but instead use this week as an opportunity to dilute... such is the risk with these fucking pink sheet stocks.
My only hope is they put the dilution money to good use - concept seems sound, lodging has legitimate reviews and ratings on booking site, and grow the business through hard work. If I had to wager, though, this'll see trips before it sees pennies, if ever.
ls
they had* 1 bil to dilute, should almost be over. need 2 mil to finance 2015 operations, they should be approaching that figure shortly.
i bought 1mil shares at .0029, betting on news next week, if so, they will probably finish dilution by Tuesday, and this could run. however if no news, stock will continue to trend down, and ill probably get out. IMO
glta