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I think the Rico girl on the left is sending me a message. Between that and the Celebrity Apprentice live finale tonight, I can hardly contain myself. BTW, boom time is upon us, GRCU longs.
GRCU
*All images are for entertainment purposes only. Please also note that in reality, the Rico girl has absolutely no interest in me!
You are correct, junebug3211. Here are some customer testimonials, taken right from the website:
"These jeans fit really good. I love the amount of stretch they have in them. ."
~ Ty Alexander - Fashion Blogger
"ALL I CAN SAY IS WOW THE ZMJ’S JEANS ARE GREAT THEY FIT PERFECTLY, FINALLY PLUS SIZE GIRLS HAVE JEANS THAT FIT US RIGHT! NO SAGGING CROUCH, LOOSE WAIST; EVERY THING FITS JUST RIGHT. I CAN’T WAIT UNTIL THEY COME OUT WITH MORE CLOTHING."
~ TaRhea (Los Angeles, CA)
"IM HAPPY TO SAY I WAS ONE OF THE MODELS AT THE GRAND OPENING OF "ZMJ DENIM". IT WAS A BLAST. WALKING DOWN THE RUNWAY IS A RUSH ESPECIALLY KNOWING I WAS WEARING "ZMJ JEANS" THAT MADE ME LOOK GOOD! ZMJ'S JEANS MADE MY CURVES LOOK GOOD AND MADE ME FEEL SEXY! THAT’S WHAT "ZMJ DENIM" DOES. SO LADY'S, GET YOUR "ZMJ DENIM" JEANS, YOU WONT REGRET IT!"
~ Yolanda Dominguez (Lemoore, CA)
"Thank you so much for these jeans! They are so comfy!"
~ Anita Renfroe (Comedian)
"I love ZMJ Denim! I currently own the Mini Skirt. I love so many things about my ZMJ denim mini skirt, but mostly, I love the fabric, it stretches to curve along with my curves, it hugs in the right places and is comfortable along my waist line. I also really love that ZMJ products are jeans for plus size women that are still sexy and cool. The ZMJ mini skirt is short enough to show off my legs, unlike many plus size jean skirts that are down to my knees or below! I also truly love the detailing on my mini skirt- it's so chic and eye catching without being over the top. Thank you ZMJ for finally keeping the customer in mind when making your awesome product"
~ Trinity Rubio (Los Angeles, CA)
If things unfold as we have anticipated, and you end up getting that Cessna I placed you on (in an early episode of The Adventures of GRCU), I'll be expecting at least one ride (on the wing - I'm crazy like that)...
Those who are students of the american automotive industry know that at one time there were nearly 2000 automobile manufacturers (in late 1800s to early 1900s). There are now less than a dozen, of any consequence.
One of the keys to successful investing is placing an early bet on the one who will not only survive, but will thrive. And those that invested in the early winners were handsomely rewarded.
In some ways, the cannabis/mj/mmj industry resembles the turn-of-the-century automobile industry. Hundreds of companies have entered the space... most of whom will eventually fade away.
But I believe that Green Cures will be one of those survivors, and here's my rationale. Previously at the helm was Robert Calkin, a pioneer and educator in the cannabis/mj industry. When he was in charge, I always felt he had the capacity to be a rainmaker there. Unfortunately, his was somewhat distracted from a singular focus at Green Cures because his aspirations and focus were more aligned with his growing educational business.
So we now have Dr. Trent Jones in command of the ship. I like that he has been a legislative advocate (on the state level) for mmj/cannabis. I also like that in addition to having real business experience as an entrepreneur, he has proven he has mental sharpness by conceptualizing innovation in the area of aquaponic production. While a rudimentary foundation has been built for Green Cures, I think Dr. Jones will bring this company to a whole new level, beginning with a the roll-out of the Rico Suave beverage line.
Investment vision could be defined as the ability to see a future potential empire, even as the foundation is being poured. I think we have a real winner here, and with time the charts will make that point indisputably evident.
As always, simply my opinion.
GRCU
*All images are for entertainment purposes only.
Rico and *Absinthe... perfect together.
*'Absinthe (Listeni/'æbs?n?/ or /'æbsæn?/; French: [aps?~t]) is historically described as a distilled, highly alcoholic (45–74% ABV / 90–148 U.S. proof) beverage.[1][2][3][4] It is an anise-flavoured spirit derived from botanicals, including the flowers and leaves of Artemisia absinthium ("grand wormwood"), together with green anise, sweet fennel, and other medicinal and culinary herbs.[5] Absinthe traditionally has a natural green colour but may also be colourless. It is commonly referred to in historical literature as "la fée verte" (the green fairy). Although it is sometimes mistakenly referred to as a liqueur, absinthe is not traditionally bottled with added sugar; it is therefore classified as a spirit.[6] Absinthe is traditionally bottled at a high level of alcohol by volume, but it is normally diluted with water prior to being consumed.' - wikipedia
GRCU
*All images are for entertainment purposes only.
I believe that longymickshort's point was that if you place a market order now, it would be time and date stamped (as to when the order was placed), which would put that person ahead in the cue. And that would give the person a better shot at filling before others who may wait until tomorrow to place their buy order.
As always, simply my opinion.
Rico Tick-Tock - an Original Poem by Odessa99
A descending timer,
such anticipation.
A stabilization to stock price,
forthcoming amancipation?
Rico's launch provides an avenue,
for the Dr's fresh start.
Should I have loaded millions more,
would that have been smart?
I have a good feeling,
I can't explain why.
Our hemp darling's on the runway,
and we're about to fly.
GRCU
*All images are for entertainment purposes only.
Tractor beam or not, Rico cannot be tugged away.
'Aim for the moon. If you miss, you may hit a star.' - W. Clement Stone
Those who are students of the american automotive industry know that at one time there were nearly 2000 automobile manufacturers (in late 1800s to early 1900s). There are now less than a dozen, of any consequence.
One of the keys to successful investing is placing an early bet on the one who will not only survive, but will thrive. And those that invested in the early winners were handsomely rewarded.
In some ways, the cannabis/mj/mmj industry resembles the turn-of-the-century automobile industry. Hundreds of companies have entered the space... most of whom will eventually fade away.
But I believe that Green Cures will be one of those survivors, and here's my rationale. Previously at the helm was Robert Calkin, a pioneer and educator in the cannabis/mj industry. When he was in charge, I always felt he had the capacity to be a rainmaker there. Unfortunately, his was somewhat distracted from a singular focus at Green Cures because his aspirations and focus were more aligned with his growing educational business.
So we now have Dr. Trent Jones in command of the ship. I like that he has been a legislative advocate (on the state level) for mmj/cannabis. I also like that in addition to having real business experience as an entrepreneur, he has proven he has mental sharpness by conceptualizing innovation in the area of aquaponic production. While a rudimentary foundation has been built for Green Cures, I think Dr. Jones will bring this company to a whole new level, beginning with a the roll-out of the Rico Suave beverage line.
Investment vision could be defined as the ability to see a future potential empire, even as the foundation is being poured. I think we have a real winner here, and with time the charts will make that point indisputably evident.
As always, simply my opinion.
GRCU
*All images are for entertainment purposes only.
Thanks for the compliment, Hanover1. BTW, for those wondering why BTZO has not yet had the large breakout to the upside, I've seen it play out this way time and time again.
First, it begins by showing signs of life by bouncing off of the no bid/0001 status. It then oscillates in the low trip zero range (in this case, .0002 - .0004) for several weeks.
Then, out of nowhere, some additional 'large block' buying demand causes a noticeable breakout to the upside, which attracts enormous attention from the OTC trader community. That fuels the upward momentum. And shortly thereafter, you have big blue skies.
As always, simply my opinion.
I can't disagree that Jim Cramer often behaves like an idiot (on air). But once you get past the theatrics, there's a wealth and depth of knowledge in that man's head.
It is for that reason that I pay attention to what his experience has taught him. Now as to his specific stock picks, I often find his timing suspect. For example, I believe that he was recommending a sell on Sirius/XM while it was in the pennies (and even as if began recovering after the rescue by Malone, as I recall). I'm really glad I ignored his advice on that one. I always believed that someone would be smart enough to rescue a monopoly that held between 15-20 million loyal customers, and that the recovery which followed would be large. I feel very fortunate the way that one turned out.
I know that Bitzo is a very different breed of company, since it's on the OTC. But there are huge gains to be had by timing the ins and outs of a triple zero OTC holding.
As always, simply my opinion.
You're welcome, pennyrain.
Here's my thoughts- Scaling in or scaling out...
There are a number of effective strategies that can be employed to hedge (reduce) risk. One strategy, which has been proven highly effective. In the past, I was one of those traders/investors that was either all in or all out of a security. I can't really tell you why that was my approach in the past. I can only tell you that that was the way it was for me.
That approach (buying all of the shares I would ever own in one transaction, and exiting from all shares in one transaction) proved to be difficult mentally, and undoubtedly hurt my portfolio balance. For example, I would own an OTC stock that would be up 10 to 15x, but would be very hesitant to sell because I knew that if/when I sold it all, if it continued to climb, I would have severe regrets. Conversely, when I would establish a position in an OTC security, I would take a huge hit if my timing was off because I bought all of my shares at that one price.
Over the past couple of years, I have learned that a much better approach (and one that is also recommended by portfolio mgr extraordinaire Jim Cramer of 'Mad Money' fame) is to divide your buys or sells into steps, at various prices. And better yet, to dollar cost average at each of those steps (meaning a fixed dollar amount rather than a fixed share amount). This allows for a lower cost per share, and cumulative avg share cost (and a greater quantity of shares), should the security decline in price after your initial purchase. And should the security begin to increase after the initial purchase, you probably won't mind too much spending a bit more on the subsequent purchases, because paper gains have been realized on the earlier (and cheaper) purchases of that security.
Exiting a security, in the same step-like fashion, makes it easier mentally to let go of shares while the security price still has upside (because you have not made an all-or-nothing gamble at the singular price).
It is for these reasons that I now use the scaling in and scaling out approach, rather than a complete entry into a security or exit out of a security. I feel that overall, it works well, and used it while initially accumulating my BTZO shares.
*Although I know that many are already using this approach, there are probably others that are not, and it is for the benefit of those people that I have posted this info.
As always, simply my opinion.
There are plenty of automobile manufacturers out there. And they have existed for a very long time. A few have even dominated the industry for a very long time. They have even produced electric cars for many years. As a matter of fact, electric cars have been produced since the 1880s.
Along comes Tesla in 2003, with a dollar and a dream (after several dominant players had a 50 to 100 year head-start). Tesla is now a publicly traded company, worth about $25 billion.
In America, the next big thing very often emerges from a newcomer. That's what makes America the land of opportunity, and keeps the American dream alive and well. Rico is coming...
As always, simply my opinion.
You are 100% correct, speculator. My apologies for any confusion that my statement may have caused. In my statement, I was simply trying to point out that the entire relevant time span of the period of measurement was a short 7 days; not that 7 closing bids were going to be averaged together to arrive at the target figure.
I appreciate that you have clarified, for those that may have misinterpreted my post.
Just to expand my original point, the reason why a shorter period benefits shareholders, is because only a subset of the days within the period will be used (in this case, the 3 lowest). So any extension to the 7 days, could only hurt you as a shareholder, but never help you (because the extra days with higher closing bids will be ignored, but the extra days with lower closing bids would then be included in the calculation, resulting in a greater number of shares being issued for the funding).
Best of luck to you.
It is a truism in the OTC that if there are convertible instruments involved, the holder will desire the lowest share price as the basis for the conversions. Without, of course, breaking the share structure/perceived value so much as to render it impossible for a share price recover at a later date. For that would defeat the purpose of the investment, and prevent a desirable return when the shares are ultimately sold.
That having been said, the terms of the 'put' agreement are actually quite reasonable, relative to the vast majority of funding agreements that I have seen in the OTC. Here's why I hold that view.
For starters, there is only a 15% discount applied to the lowest avg trading day bids (I've seen as much as a 50% discount applied). Secondly, the measurement period for the computation of the avg price is only 7 days (the more days, the worse the agrmt). Thirdly, the period covered is 36 months long. This means that Fresh Promise can wait for the share price to recover for much of the capital raising, and then 'Put' a whole lot of those recovered-price shares to J.P. Carey Enterprises, with a higher cost basis. Fourthly, it provides for more than $1 million, so it is deep funding.
Additionally, the financing is structured as a 3 year 'put' option. For those who are unfamiliar with how a 'Put' option works, it is the right (but not the obligation) to sell a certain number of shares at a certain price. Since FPFI holds the 'Put' option, all power and timing is with FPFI. They can 'put' none of the shares when the stock price is weakest, and 'put' many shares when the stock price is strong.
For this reason, it is far more favorable than a convertible note, where the share price may be in the dumps (despite the best efforts of the company) just as the note due date is approaching.
While there is still some degree of uncertainty with this specific agreement, because the put share price will be determined by 7 days of trading after notice of the intent to put by FPFI, 7 days of uncertainty is far better than the 6 months to a year of share price uncertainty on a typical convertible note.
The one caveat here is that since this may not necessarily be an arms length transaction (due to the history between JC and FPFI and/or predecessor Stakool), it's hard to predict with any sort of certainty the timing and behavior of the funding actions that FPFI is planning.
As always, simply my opinion.
FPFI
You're welcome, Andyhighhat. I agree re: the potential impact to credibility.
My understanding of how a dutch auction would operate, in this instance, is as follows:
All of the share quantities of the willing sellers of common shares would be sorted in order, by price. Then, the willing sell quantities would be stepped though (and added together), until the cumulative billionth share is reached. The willing selling price for that offered billionth share would then determine the amount that would be paid for all billion of the shares offered at that price and below. So if, for example, the billionth share in the sorted offerings was at .005, then that would determine the price the company will pay for each of the 1 billion shares offered at .005 and below (even if some of the shares were being offered for sale to the company in the low triple zero range).
Here's an example to illustrate what I have described above:
50 million shares offered at .0005
300 million shares offered at .0015
200 million shares offered at .0030
400 million shares offered at .0040
100 million shares offered at .0050
200 million shares offered at .0070
If the above represented actual shares offered for sale in the auction by current shareholders, the person offering 200 million shares at .0070 would not participate in the company's share purchase/buyback program, but all other offers would participate. Addtionally, half of the 100 million shares being offered at .0050 would be bought by the company (because it only took 50 million of those shares to bring the total (of the lowest price offered shares) up to 1 billion shares.
The 950 million remaining offered shares (offered below .0050) would then be bought by the company for .0050. So in the example I've provided above, the company would need to come up with $5 million to fulfill the share buyback. Do these guys really have the financial backing to pull this off? The actual amount needed could of course be much more or much less based upon the actual shares offered and the prices of those offered shares.
This is my understanding of how this share buyback auction would operate. What I find most fascinating about this, is that the real-time share price will be fluctuating every day in between now and the close date, which makes any sort of static (unchanging) offer to sell by a shareholder relatively difficult to come up with.
As always, simply my opinion.
WNTR
GRCU... Rico Suave hemp-infused beverage launch is imminent.
'Aim for the moon. If you miss, you may hit a star.' - W. Clement Stone
Feb 11 PR:
'Beginning February 16, 2015, consumers will be able to purchase Rico Suave at convenience stores, grocery outlets, hookah bars, and restaurants in selected cities throughout the County of Los Angeles, state of California. Each can of Rico Suave contains 8.4 fluid ounces, and will retail for $1.85. Additionally, on the date of launching, Rico Suave's 12 Pack will be available for online purchase for $22.20 and the 24 Pack will be available for $42.00, plus shipping through www.ricosuave.us.'
link:
http://www.otcmarkets.com/stock/GRCU/news/Green-Cures--amp--Botanical-Distribution-Inc--announces-launching-of-Rico-Suave-is-on-schedule?id=96999&b=y
GRCU... Rico Suave hemp-infused beverage launch is imminent.
'Aim for the moon. If you miss, you may hit a star.' - W. Clement Stone
Feb 11 PR:
'Beginning February 16, 2015, consumers will be able to purchase Rico Suave at convenience stores, grocery outlets, hookah bars, and restaurants in selected cities throughout the County of Los Angeles, state of California. Each can of Rico Suave contains 8.4 fluid ounces, and will retail for $1.85. Additionally, on the date of launching, Rico Suave's 12 Pack will be available for online purchase for $22.20 and the 24 Pack will be available for $42.00, plus shipping through www.ricosuave.us.'
link:
http://www.otcmarkets.com/stock/GRCU/news/Green-Cures--amp--Botanical-Distribution-Inc--announces-launching-of-Rico-Suave-is-on-schedule?id=96999&b=y
GRCU
*All images are for entertainment purposes only.
A case for Green Cures...
Those who are students of the american automotive industry know that at one time there were nearly 2000 automobile manufacturers (in late 1800s to early 1900s). There are now less than a dozen, of any consequence.
One of the keys to successful investing is placing an early bet on the one who will not only survive, but will thrive. And those that invested in the early winners were handsomely rewarded.
In some ways, the cannabis/mj/mmj industry resembles the turn-of-the-century automobile industry. Hundreds of companies have entered the space... most of whom will eventually fade away.
But I believe that Green Cures will be one of those survivors, and here's my rationale. Previously at the helm was Robert Calkin, a pioneer and educator in the cannabis/mj industry. When he was in charge, I always felt he had the capacity to be a rainmaker there. Unfortunately, his was somewhat distracted from a singular focus at Green Cures because his aspirations and focus were more aligned with his growing educational business.
So we now have Dr. Trent Jones in command of the ship. I like that he has been a legislative advocate (on the state level) for mmj/cannabis. I also like that in addition to having real business experience as an entrepreneur, he has proven he has mental sharpness by conceptualizing innovation in the area of aquaponic production. While a rudimentary foundation has been built for Green Cures, I think Dr. Jones will bring this company to a whole new level, beginning with a the roll-out of the Rico Suave beverage line.
Investment vision could be defined as the ability to see a future potential empire, even as the foundation is being poured. I think we have a real winner here, and with time the charts will make that point indisputably evident.
As always, simply my opinion.
GRCU
For the time being, it now appears that the official closing price for GRCU stands at 0.00645 (according to OTCmarkets, and several of the charting sites I use).
I'll tell you one thing, though. All of this share price confusion and transactional mishmash does not instill confidence in an already shaky and shady OTC market. If my bank was so confused regarding transactions and balances, I'd probably withdraw all of my deposits, keeping half in the mattress and the other half in a paper bag in the wall.
I just hope all relevant entities agree on the GRCU share price, when I sell some for a dime/shr. And they better be extra careful and precise on the day I pull the trigger and sell some more for .25/shr. After that, I'll still be holding a bit for when the fun really begins.
As always, simply my opinion.
(this is my last allotted post for the day, so no more images until after midnight)
What's worse than the move in the last 5 minutes, is how the 1000 share paint trade went off at .006, which bypassed two market makers (on L2) that had bids in at .0061 for more than the paint quantity.
I'm not sure I've ever seen such desperation to get a share price lower on an OTC company. I can only assume that someone needs to cover a very large 'non-existent' short position. And many GRCU shareholders are not cooperating (by holding tightly to their shares), because they believe in the future of this company.
On a positive note, the closing price of .006 virtually ensures a green price for most, if not all, of tomorrow's trading.
As always, simply my opinion.
GRCU O/S common shs stability is quite impressive.
When performing an analysis of an OTC company, most areas of discussion are highly subjective. Since this is the case, any objective measures that exist become critically important in the overall assessment of future potential.
Here's an objective evaluation of one of the most success determinant measures for an OTC company... the growth of the common shares outstanding since inception.
'On February 25, 2014, control of the Company was transferred from Gregory Lykiardopoulos to Green Cures, Inc., a California corporation, pursuant to a Stock Purchase Agreement entered on February 5,2014.'
There have been three quarterly filings, since Green Cures took over the ticker (the qtrs ended March, June and September). The total common shares outstanding, reported on these filings, is detailed below.
Total common shares outstanding: 1,633,695,597 as of: 4/23/14 (filing for the quarter ended 3/31/2014, filed on 5/15/2014)
Total common shares outstanding: 1,636,233,097 as of: 07/28/14 (filing for the quarter ended 6/30/2014, filed on 8/14/2014) - less than a one percent increase in common shares outstanding, over the quarter
Total common shares outstanding: 1,660,316,671 as of: 11/14/14 (filing for the most recently reported period, ended 9/30/2014) - less than a two percent increase in common shares outstanding, over the quarter
In the fog of the OTC, some things are truly telling about the essence of a company. As is detailed above, total common shares outstanding for Green Cures has increased by about 2% through three fiscal quarters.
So here's the objective question I would ask, for those that have had numerous positions in other OTC companies in your trading/investing history. How many of those companies have a similar history of outstanding common share increases as I have detailed above for Green Cures (GRCU)?
As I've opined before, 'Investment wisdom could be defined as the ability to recognize the building of a future empire, even as the earliest bricks are being laid.' I believe those words hold a fundamental truth.
As always, simply my opinion.
GRCU
So what he has done recently negates the history of what he did to make money in his early days (originally using his bar mitzvah money), engaging in a 'mythical' activity?
I'll stick with my research, knowledge, and experience over yours. GRCU is going much higher.
As always, simply my opinion.
TraderPilot, with all respect...
While you are correct regarding the widely accepted definition of 'penny stock', here's some info re: Timothy Sykes, and the OTC.
Timothy Sykes article, entitled 'Who Wants To Buy The OTCBB Market With Me?'
link:
http://www.timothysykes.com/2010/07/who-wants-to-buy-the-otcbb-market-with-me/
Exactly, BOBMOTBA. We appear to have a fundamental impossibility here. We have a known gentleman that earns a living via short-selling (in the OTC), yet shorting in the OTC is a myth.
We have OTC market makers that can sell shares they do not yet own (to re-purchase at a lower price later in the day after a bit of panic selloff ensues) yet short selling is a myth.
Oh the wonders of the universe.
As always, simply my opinion.
Short Interest Unmasked: For those interested in understanding the apparent discrepancy between the bi-weekly FINRA short report and daily share shorting tallies, I'll do my best to explain the difference.
Market makers, operating within their obligation to keep an orderly and liquid market in a stock, often sell shares they do not currently own. Most of those sell transactions will not show up in the bi-weekly FINRA short report because it shows net short positions. Since it is very common for the market markets to buy back later in the same day, the shares that they shorted earlier in the day, short transactions of that type will never appear on a bi-weekly net shares short report (although these shares do show up in the reporting of daily shorting totals).
So if an OTC market maker covers most of their short sales within the same day, why should it even be of a concern to the shareholders of that OTC stock? Here's why. Because of the low level of investor confidence on most OTC companies, a market maker can create the impression of lack-of-demand for a stock by selling short against many of the retail buys as they are coming in at the ask, which keeps the ask from rising. As a result, other retail investors tend to become nervous and some lose confidence in their otherwise long holding, and as a result sell into the bid. It is at this time that the original market makers that sold short at the ask can then cover at the bid. That allows the market makers to make money for their work. But it also generally leads to the stock going lower. But because the short sold shares were covered during the same day, the will have no visibility on a bi-weekly net short report. And IMO, this process has undoubtedly contributed to the downward slide in Green Cures & Botanical Distribution (GRCU).
As always, simply my opinion.