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Notice the big bid/ask spread this am. Currently over 8%, and was higher than 9% moments ago.
'The wide stance squat is a great lesson in true functionality: while it does not outwardly resemble anything you'd normally do in sport or life such as jumping, kicking, or running, in truth, it can improve your functioning in all of these skills far better than more traditional squatting methods that emphasize a narrower stance and increased knee flexion. That's because the wide stance squat promotes obscene levels of strength in what kinesiologists call the "posterior chain"...'
And in this case, I believe it is used to discourage buying. I expect us to close in a hue of green.
As always, simply my opinion.
GRCU
Agreed, BigJuan. Warren Buffet was quoted as saying "The stock market is a device for transferring money from the impatient to the patient."
And it applies in the OTC, more than any other place on earth. Each of us, who has been in and out of OTC stocks for several years, has witnessed the following happen over and over.
First, a stock is worth one hundredth of the fair value of where would think it should be trading. And then, out of nowhere, it is worth 10x where we think it should be trading. Mathematically, that move from one hundredth to 10x value equates to a 1000x move, or 100,000%.
I've seen that happen numerous times (where an OTC stock goes from .0001 to a nickel or a dime). And that is the type of move that you'll likely never see in the NYSE, AMEX, or NASDAQ large cap universe (in an entire lifetime).
I believe that is why most of us are here, and why those that can handle the timing properly can benefit from almost unimaginable gains. Time it wrong, though, and you can see a nickel or dime quickly shrink down to .0001, rendering an OTC holding practically worthless.
I've chosen to be patient with BTZO shares.
As always, simply my opinion.
BTZO
Here were my thoughts on the subject, philipt631, which I posted yesterday:
I noticed there was some dust swirling yesterday regarding a bankruptcy in the past, for our current CEO Dr. Jones. I do not know whether there was one or not. But if there was, he's in very good company. Below are some well-know individuals who had declared bankruptcy, before going on to achieve greatness:
Abraham Lincoln - after bk, went on to become president and to change America forever
Henry Ford - after bk, went on to build an automobile company that continues more than 100 years later
P.T. Barnum - after bk, went on to create the greatest show on earth
Walt Disney - after bk, went on to build one of the leading media and entertainment companies
Milton Hershey- after bk, went on to build an incredibly successful chocolate company
H.J. Heinz - after bk, went on to build a dominant condiment company
Many of the most successful people have been asked, when interviewed, what single factor has contributed most to their ultimate success. And very often, the anwer given is that their past failures have paved the way for their eventual success.
We never learn more than we do from having failed at something... the process is integral to our learning development.
As always, simply my opinion.
Plenty of automotive companies out there. They have existed 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.
In comes Tesla in 2003, with a dollar and a dream. Tesla is now a publicly traded company, worth about $25 billion. While I appreciate the advice, I'll stick to my knowledge, and research regarding the potential market for Green Cures' products.
Thanks Rick. It would not surprise me, if once people here are satisfied that the support holds at or above yesterday's closing share price, we continue right back up deep into the sevens (later today), as we had earlier in the day.
As always, simply my opinion.
Sometimes I express my thoughts in shorthand, and it results in confusion rather than clarity (for the reader). I'm going to expand upon my original post below, hoping to achieve better clarity.
Within the first minute or two of trading, the share price had popped to .01 (on tiny volume), yielding more than a 50% gain from yesterday's close of .0065. So although the trades really did occur, the price action wasn't quite authentic (it didn't pass the smell test).
That percentage gain, combined with the increased number of postings and reading of posts, most likely caused many people to take notice of GRCU, and investigate to see what was going on.
Since the price had already moved down significantly from the .01 high-of-the-day, it would appear to anyone not watching the individual trades that the pop would not be sustained, because it had already pulled back so significantly. Meanwhile, the reality was that after the anomalous first couple of minutes of trading, the stock was actually performing rather well, moving steadily from the mid sixes to the high sixes to the low sevens to high sevens.
So for someone watching all of the trades from the start (like me), it was obvious that there was a steady uptrend, with very good volume, beginning 2 minutes into trading. But to those who simply viewed the summary of the action, where the high-of-the-day was .01, and the stock was currently in the low to mid sevens, there would be no sense of urgency to buy shares at that moment, because it would appear the pullback was rather significant from the high of the day, and perhaps they would have an opportunity later at a lower entry point.
Without a sense of urgency to buy in at that moment, it allows GRCU to fall back down until it finds its price support. And while that process is occurring, it opens up an opportunity for those looking to accumulate more shares (or cover a short position) by temporarily killing the momentum. BTW, if I am correct about the strategy, it appears to have temporarily worked.
Sorry for the long winded explanation, but I hope it does make my view of what happened a bit clearer.
As always, simply my opinion.
My original post:
Evidence that it wasn't a glitch was that there were a couple of small buys at the ask of .008 just prior to small buy at .01.
But knowing that there is usually strategy behind every action, I believe there was some strategy employed here. By establishing the high of .01 within the first minute of trading, others taking notice of GRCU (in places such as most read boards, etc) will be given the impression that the price action on GRCU is now fading (because of the decline from the first minute trade of .01). This would give those that would like to accumulate more (or cover a short) a little time before others catch on to what has actually occurred, which is actually an acceleration in the momentum of buying.
As always, simply my opinion.
Evidence that it wasn't a glitch was that there were a couple of small buys at the ask of .008 just prior to small buy at .01.
But knowing that there is usually strategy behind every action, I believe there was some strategy employed here. By establishing the high of .01 within the first minute of trading, others taking notice of GRCU (in places such as most read boards, etc) will be given the impression that the price action on GRCU is now fading (because of the decline from the first minute trade of .01). This would give those that would like to accumulate more (or cover a short) a little time before others catch on to what has actually occured, which is actually an acceleration in the momentum of buying.
As always, simply my opinion.
•••>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 developing ideas in the area of aquaponic production. While a rudimentary foundation has been built, I think Dr. Jones will bring this company to a whole new level, beginning with the the rollout 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
Indicated in the 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'
link:
http://finance.yahoo.com/news/green-cures-botanical-distribution-inc-150000583.html
I am reminded of a quote by Sly in the movie 'Rocky Balboa'. Here's what he says, passionately, to his son:
'Let me tell you something you already know. The world ain’t all sunshine and rainbows. It’s a very mean and nasty place, and I don’t care how tough you are, it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain’t about how hard you hit. It’s about how hard you can get hit and keep moving forward; how much you can take and keep moving forward. That’s how winning is done!'
CEO Dr. Jones now has it in his power to write an entirely new chapter in the book that is his life.
As always, simply my opinion.
I noticed there was some dust swirling yesterday regarding a bankruptcy in the past, for our current CEO Dr. Jones. I do not know whether there was one or not. But if there was, he's in very good company. Below are some well-know individuals who had declared bankruptcy, before going on to achieve greatness:
Abraham Lincoln - after bk, went on to become president and to change America forever
Henry Ford - after bk, went on to build an automobile company that continues more than 100 years later
P.T. Barnum - after bk, went on to create the greatest show on earth
Walt Disney - after bk, went on to build one of the leading media and entertainment companies
Milton Hershey- after bk, went on to build an incredibly successful chocolate company
H.J. Heinz - after bk, went on to build a dominant condiment company
Many of the most successful people have been asked, when interviewed, what single factor has contributed most to their ultimate success. And very often, the anwer given is that their past failures have paved the way for their eventual success.
We never learn more than we do from having failed at something... the process is integral to our learning development.
As always, simply my opinion.
GRCU
The Ford Motor company had been doing business in the automobile industry for about 30 years, before Datsun/Nissan decided to build their first auto.
It seems as though Datsun/Nissan made the right decision, when they decided to challenge Ford in the automobile space (although Ford was already around for about 30 years, and Ford Motor had also invented the mass production style of manufacturing). I say this because Nissan is now a company worth about $40 billion, with about $83 billion in annual sales.
Once dominant companies are unseated all the time by newcomers. The beauty here, though, is that Green Cures does not have to unseat a giant like Monster to make the GRCU shareholders a great deal of money. All it would take for an exponential increase in the GRCU share price would be simply making any sort of dent in Monster's market share, with the new Rico Suave energy drink.
As always, simply my opinion.
Thanks for the compliment, longymickshort. Don't think they could afford me (which is sort of a strange thing to say, since I am doing it for free - lol).
Your estimate of .01 by Friday is definitely possible.
BTW, there has been a rumor floated that your (patented) algorithm is actually patent-pending (which sometimes means a status of 'final rejection'). Just kidding - lol.
Victor Hugo (french writer and poet) is credited with saying (translated into english):
'There is one thing stronger than all the armies in the world, and that is an idea whose time has come.'
Green Cures is in the right place, at the right time. It is about to get interesting.
As always, simply my opinion.
GRCU
*All images are for entertainment purposes only.
Thanks, mrcheap.
VMGI
Money manager and high-energy financial TV personality Jim Cramer has mentioned something several times on his 'Mad Money' show (on CNBC) that I think is relevant here. In his early days of investing, he noticed that stocks which hit $80 per share almost always continued up to hit $120.
I have observed that this same move often occurs with penny stocks, where they will usually make the move to at least .0012 shortly after hitting .0008. I see that VMGI hit .0008 yesterday, before pulling back a bit. I think entering VMGI now at the current level (less than .0008) will yield more than a 50% return in a very short time. It could eventually go significantly higher, or course, but I would say that an exit point between 50% and 100% above the current level would be what is commonly referred to as 'low hanging fruit'.
As always, simply my opinion.
VMGI
In the ocean of the OTC,
the waters, they are rough.
To navigate the crashing waves,
the skin, it must be tough.
Glimmers of hope, follow despair
projections a dime-a-dozen.
A million made, a million lost,
so claims a distant cousin.
So then, the question does remain
why are we all here.
Because volatility is our friend,
or so it would appear. -Odessa99
Rico's coming...
GRCU
*All images are for entertainment purposes only.
I was elsewhere much of the day, junebug3211, but I was watching L2 at one point today when trip 3s were being devoured like whole turkey legs at a medieval festival.
As I've expressed here before, the trading indicates to me that BTZO will be going significantly higher.
As always, simply my opinion.
To your point regarding my assumption with RC and his acceptance of a fixed number of shares (and the confidence that agreement represented), I have not changed my view. I still believe that type of salary agreement represents a great deal of confidence within an OTC company.
As some here have expressed, it may very well have been the board of directors (and others in power at Green Cures) that determined RC was too distracted with his other enterprises/ventures, and released him for under-performance. If that was the case, his confidence in Green Cures (as represented by his acceptance of the fixed share salary) would play no part in his departure. I say this because his confidence does not necessarily mean that others in power there had that same confidence in him.
Time will tell how good a replacement Dr. Trent Jones represents. A good test of this will be how the launch of Rico Suave goes.
As to your point about the share structure, I have had the benefit (and curse) of watching the changing share structures on many, many, many OTC companies. And the stability, thus far, of the Green Cures common share structure has been one of the finest I've seen.
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
Updating his bio may be his first order of business, after distributing 14,400 pallets of Rico Suave help-infused energy beverages into the marketplace...
My suggestion would be that he simply remove it from the bio.