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As a follow up from my statement yesterday evening and SEAN mentioned this on the last 420 video Wednesday but Bonify wasn't specifically named on the video.
Me >>> "everyone is bitching about how slow things are moving I.E. Cannmart products and so on ...but they are dotting all their Is' and crossing their Ts' to make sure everything they do is legal and above board for Health Care Canada which has complete authority to pull any companys' license which would be detremental;Stick a fork in the company ....they would be done.
People should be Happy that they are NOT jeopardizing anything by doing things very strictly by the book , if that takes a little longer so be it"
......
The video is about a recall from Bonify and we do business with them but it's not just Bonify.
Quote from this video at 1:20 >>>
GEOFF CONN Owner of the Pot Shack states "There's a lot of recalls going on and the thing is it's going to be on going because of the rules with Health Canada are really stringent.There's recalls on packaging,recalls on labels,there's recalls on products,there's recalls on everything "
https://www.ctvnews.ca/health/health-canada-recalls-two-cannabis-strains-sold-in-sask-pot-shops-1.4217112
This should be a good thing for Namaste
Continued and increasing pressure on the black market
"Judge orders dozens of illegal Vancouver marijuana dispensaries to shut down"
https://globalnews.ca/news/4760226/vancouver-dispensaries-injunction/
I wish the FEDS would just get their heads out of the Arses and remove Cannabis from being a schedule 1 drug equivalent with Heroin
It's stupid ,it's insane and ludicrous to say ,
"THERE IS NO MEDICAL USE FOR MARIJUANA"
Seriously? I've seen the feds hold onto some ridiculous ideas but this one simple has gone on long enough .....
Am I gonna have to run for president ?
"Schedule 1 (I) drugs, substances, or chemicals are defined by the federal government as drugs with no currently accepted medical use and a high potential for abuse. Schedule 1 (I) drugs are the most dangerous drugs of all the drug schedules with potentially severe psychological or physical dependence."
Since anyone with a brain knows there are many medicinal uses it's obviously more about jockeying with special interests // Big Pharma .... Big tobacco etc.,than it is about sanity and what is right for the American people
I really wouldn't give a chit if there was an actual lawsuit because I think the case could be made that "losses suffered by shareholders" because of something,(if anything),the company did wrong were really not significant and worst case scenario they lose a few million in a settlement which is peanuts in the bigger picture
In fact many have repeated that Andrew Left may have created more loss than Namaste ever may have,some may be true ,but some of it not and was simply puffery to grease his short wheel .... plus the fact that every pot stock in Canada has dropped 50% or more in some cases since legalization on OCT. 17th
"Where's the Beef" ? Not a big deal in my opinion
In fact companies do make mistakes and Namaste is not alone in that but I think they learned a lesson that was cheap if anything comes of the "lawsuits" and everyone is bitching about how slow things are moving I.E. Cannmart products and so on ...but they are dotting all their Is' and crossing their Ts' to make sure everything they do is legal and above board for Health Care Canada which has complete authority to pull any companys' license which would be detremental;Stick a fork in the company ....they would be done.
People should be Happy that they are NOT jeopardizing anything by doing things very strictly by the book , if that takes a little longer so be it
For awhile I've been trying to see which,if any,canadian or us/canad. stock NXTTF might be following but lately I'm just looking at the ETF "MJ" and so far it appears it's just trailing fairly close to that.
I don't think there's a one size fits all mirror image exactly
Today we were down 3.83% US and MJ was down 3.3% but matched % a lot of the day
Obviously not an exact science
I thought we were getting ready to rip higher yesterday with a break of 1.00 and close 1.01 US Tuesday,,,,,,3 days up and they took it all away yesterday and today
Back to square one ...
Wondering when we will see movement like pre- and post-party in Quebec .... volatility was huge and not uncommon for this to be moving .50 cents in a day
At 40 minutes plus on todays "420" Sean Dollinger mentions doing Due Diligence on I think this company ,specifically I believe he was REFER ing to coopers' business model and Namaste emulating that ?
https://chwinery.com/menus
Everyone has an opinion and they are welcome to it
However, at this juncture for Namaste
You might consider the old adage/expression
Never ...say "NEVER"
I "think" it should be over $3.00 but that's not what we were talking about
LOL!
Not sure but...the fat lady is warming up behind the curtain
Could be show time soon....
or not
LOL!
Thanks for figuring that out for us
Was beginning to think I was seeing things
If you're talking USA dollars and not Canadian ....Refering to "trading days" ...... Also 1.15 was the "high",not the close
On Monday Dec. 3rd USA it hit a high of 1.15
Plus USA was closed on Wed.the 5th of Dec.for George Bush which adds a bit more confusion
No offense and I'm sure you're good at your technical analysis etc.,but I don't see 1.03 as an issue .....should blow through like butter
Simple reason is the stock was 1.15 only 6 days ago.... so there shouldn't be much resistance at all
Maybe a bit of a struggle at 1.10 (american dollars)
Just my over-optimistic opinion
Many times "less" is "more"
Namaste putting out a press release every day didn't do any good,granted the sector is partly to blame there/pullback from oct.17th/bottom finding etc.
I kind of prefer some longer timeframes between Press releases as it adds a little Fomo(feeling of missing out) or (what are they up to?) to the equation and actually can push a stock up
Lots of peeps are "buy the rumor sell the news" .,... so the price never gets off the ground even with constant Prs because peeps start selling out of habit .....
NXTTF chart
We all know there are many indicators for bullishness and bearishness;One that I keep an eye on is the PSAR (Parabolic stop and reversal) or sometimes as in this case called the SAR for stockcharts . com
Here is an explanation for those wanting to know >>>
https://www.investorsunderground.com/technical-indicators/parabolic-sar/
..........
..........
Basically, when the dots are above the candles it is bearish or the stock share price has downward pressure and when the dots are below the candles the stock share price has upward pressure (picture the dots pushing "UP" on the candles).
We have had an unusually lengthy time frame of 34 days straight with the DOTS above the candles,showing downward pressure;I am expecting a change of "course" very soon,and in fact I think the bulls have arrived,it's time,barring any bad news bears propaganda;This is a lagging indicator,so the stock may start to rise and the dots not change to below the candles for a day or 2.
Also you can get some false starts like all indicators ,nothing is carved in stone ,,,for example ,you can see several time frames on this chart where the dots switched to below the candles but only were there for maybe 4 days and then it reversed back again;You can also move up or down during the time frame that the dots are on the bottom or top so ....it just kind of gives you an idea of where the momentum is going and as I said ,it is only one of many indicators in your stock charting tool bag;There is no set amount of days the dots will stay on top or bottom;I've seen 1 dot and then it switches back the next day.
My main point here is 34 days straight of dots on the top is a freekin long time and we are way overdue for some upward movement
Good video ..... I'll give it 3 Cs' Clarifying ,clear and concise
You were the 21st post today
Bwahahahaa !!
Scout72 and Agreg ,,,You have now entered the twilight zone
At least someone has besides me
I posted this a day and a half ago on the 3rd of DEC. and never received any comments at all;Here's what I posted and still has me wondering why the difference >>>>
A bit of confusion for me is when you click on this link then click "ALL FLOWERS" you get 91 strains >>>>
https://www.buds2go.ca/product-category/flowers/
However,
When you go to this link and click the same "ALL FLOWER" you only get 8 strains >>>>
https://shop.buds2go.ca/
Also note the first link has an "s" on the end of Flower ,the other doesn't
They are two different URLs' for sure but who what when where which what kind of and how many?
Just trying to figure this out ... feeling like I've entered the twilight zone
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145242555
I wish I had been the buyer that bought 25K shares at a $1.01 I believe when the stock was trading at .97-.98 this morning
They might have fat fingered that trade but not necessarily
It was a nice chunk that went through on Level IIs'
FOMO is coming ...... I bought a few more yesterday and I'm just a poor dirt farmer, but a farmer with confidence in Mother Nature ... you know,,,,You can't fool Mother Nature bwahahaa!! (sorry for the Parkay butter reference...I couldn't help myself) .. it will run its course
Gonna have to quote Greenwillow here "in time" It took a bit of "time" for me to see why Green kept saying "in time" chuckle
Well,there's enough already to be trading much higher than it is imo
I think it should be over 2.00us now but most times if there is a catalyst usually it's $ ... and I mean in the door ...not speculative revenue in the future
I think we may have already got that yesterday and there is simply a delayed reaction ... a holding back by ? A way for some to pick up more shares before they let her rip
Once the action begins ...it should ,just as the discussion of break away gaps and exhaustion gaps was being discussed a few posts ago by Hippd ... it should fly
People are watching ,.,,, just as I ....but not necessarily commenting ... Once it starts moving Fomo will kick in
Keep in mind .. in my stock trading world I seem to be over-optimistic once I get married lmao
Imagine ,,,if you will ,,,,, The Namaste birdie flying away from the pack (let's just say up 50% to a $1.50 USA) (Today would be good) and immediately becomes the talk of the town
Hell with all the news that has been accumulating .... I hate to use the coiled spring analogy here but, it seems to fit
Note to Namaste (the stock) Listen up ...smack smack smack...you DON'T have to follow the red POT stock market
You have healed your wounds and can fly again
We've opened the cage door .... all you have to do is take that first step and you'll be able to fly
Don't be sceered ... you're not quite like dem der udder boids
A bit of confusion for me is when you click on this link then click "ALL FLOWERS" you get 91 strains >>>>
https://www.buds2go.ca/product-category/flowers/
However,
When you go to this link and click the same "ALL FLOWER" you only get 8 strains >>>>
https://shop.buds2go.ca/
Also note the first link has an "s" on the end of Flower ,the other doesn't
They are two different URLs' for sure but who what when where which what kind of and how many?
Just trying to figure this out ... feeling like I've entered the twilight zone
Fairly soon these stocks should all start strutting their own stuff.... on their own and stop with the "group" movements in share prices.....it's a shame that peeps are just looking to see what Tilray or Aurora are gonna do for the day before they decide whether they are a seller or a buyer .... on the other hand if peeps want to hold the price here or lower it is simply opportunity to load up on what I have to agree is going to be a long term winner in the field;How can it not be?
It's time for Namaste to start showing what it's got and I'm sure it will be much more than 1.10
PSAR (parabolic Stop and Reversal) has been in a downtrend for 14 days
It is overdue for a flip
Touching the centerline of the Bollinger bands now
RSI is still below 50 ,plenty of room to run
Since Namaste is different from any other MJ play I wish the stock would act differently
When MJ stocks are down we get dragged down with them
NXTTF should be trading on it's own
Market is virtually ignoring those numbers we just got 28K registered etc.
At least so far .... lot of Red in MJ today (stocks pulling back from yesterdays green)
Although nxttf was green yesterday ...we're getting robbed because it was just as high the day before yesterday and fizzled
Hoping this pattern changes soon and I think it will ....just might take some time for people to realize we aren't your everyday pot play
We're still trading at 50% from the highs of $3.00+ last month
VALX CAN kiss my ask ... I think they are the problem child here ...seem to be controlling the stock ...I agree with your thoughts on VALX HIPPD
Been watching them for days ....
I don't think it would be to big a leap to assume that once all of their AI(Artificial Intelly) links start to expand and grow ...
Those numbers will ramp up into larger and larger numbers at an exponential rates ....
similar but even more intense and rapid than a subscription service like Netflix,Amazon Prime or any other you could possibly compare with
Haven't seen Meni Morim before ....this is a smart dude (bought right before the move to 3 month ago... so haven't been here as long)
Gonna have to listen to this segment again...
LOL I was right behind you.... thanks for the confirmation
28,000 REGISTERED PATIENTS?
The market has thrown the baby out with the bathwater with all the pot stocks;Many probably don't deserve it ,however,I'm sure quite a few do
Since they all have been taken down .... now starts the real dynamo trading in these companies
The ones that have the shizzle aren't going to fizzle but the ones that were just being propped up on hot air are going to the dumpster,most likely permanently.
Look at it as a "cleansing" OF SORTS
"THE 2018 CLEANSING" Good movie title
Revenue will definitely be the driver going forward;You can have a press release every day, but if it isn't a money PR the market will shrug it off
I think Nam will be in the winner circle
I assume Eight capital had access to earnings we are getting soon,
as well they had access to first cannmart sales
She wants to go green ... red in the pot sector I think holding her back
On the low side I'm expecting a rise in the 1.85 US area ... high side maybe 2.10
Waiting for the sector to go green I think ... unfortunately !!
Eventually NXTTF should trade on its' own and not look back ...still seems ludicrous what took place over the last month and here we are still at this price compared to the highs around $3.00 US
Back to my cave ....
Alrighty then
Thankyou for a respectful response wrioter
There's some rumors floating on the Namaste FB pages and other message boards
I see no one has brought it up on here ... yet ,(unless I overlooked it)... but the rumor is BUDS2GO has some kind of advertising on their webpage ... IF YOU GO ON THEIR SITE IT STATES
"Buds2Go.ca has partnered with a leading Medical Practitioner to provide all of our members with ACMPR Licenses. Find out if you Qualify"
I can't seem to find any information on who they partnered with?
One post states this supposedly from Namaste
Person posting >> Alain Chenard on Namaste Technologies Shareholders Group >>
It’s true, not sure how either, got the list yesterday.
Below is our list of available Licensed producers you can choose to order from ??
Please let me know which company you are interested in so can move forward.
You can choose up to two
Cannmart
Buds2Go (Cannmart)
Medreleaf
Tweed
Maricann
Tilray
Bonify
James E Wagner Cannabis
Flowr
Peace Naturals
Aurora
Broken Coast
Canna Farms
Emerald
Organigram
THC Biomed
Aphria
CannTrust
Emblem
CanniMed
RedeCan
Weed MD
Whistler Medical Marijuana Corp
ABCann
Canada’s Island Garden
Delta 9
Green Relief
Hydropothecary
--
photo
Jesse Lavoie
Namaste MD Manager
1-204-891-5901
jesse.l@namastemd.com
jesse.l@namastemd.com
https://www.namastemd.com/
Toronto, Ontario
TSXV: N | OTC: NX
The discussions range from Buds2go is an illegal website and how can Cannmart be selling or from/through them when they list illegal MJ products not approved by ACMPR ?
As well as ,,,
Christopher Smith STATES >>
It could be an illigal dispensary now wanting to play by the rules. They have a large database of clients and they are referring them to Namaste. Maybe that site becomes the REAL Cannmart site. Didn't Sean say Kory was in Kelowna this week? This site is registered in BC, maybe related.
(There's others ... just getting the conversation started) Also,,,why would it say cannmart after buds2go if that list came from Namaste or cannmart peeps? Also if that list is true then it has grown ... thought they had only about 10 LPs lined up so..... hmmm
And the post I made about 3 days ago ... which had me thinking then and even more so now (see link below)
I'll let you all sort through everything ... just wanted to get this mentioned to see if anyone else was reading or hearing or thinking about it ... just throwing it out there because it could be important on the Buds2go thing
I don't know what's fact or fiction at the moment ... so I'm not getting super excited but if there is some kind of deal with Buds2go they have a huge customer base I guess that Namaste might be accessing? Taking over? Merging with? Or It's nothing at all
Post I made a few days ago on speculation >>
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144440217
Back to the cave ....
Okay ... I feel better I just relistened to that 420
He does thank PWC et al, in getting the financials ready ...so
PWC must have been instrumental in the financials we are about to receive
Yes ..say it like your blessing before the meal
I think I'm running out of posts
Thank goodness huh?
Oh wait ....I have 7 more
Ihub is so generous
ahhhh
To be absolutely fair though
The 420 today was touted as
Namaste 420 Live *Special Edition*
Sean Dollinger, LIVE from Cuba
So ....expectations were for Sean to speak to the masses lol!
They should have tested it before or something in that regard
So ,you can't blame people for their expectations that the CEO himself planted in their brains prior to the broadcast ?
I don't really care about the 420s' either but like I said a few minutes ago ... I'd rather they hadn't even anounced one ... should have been tested in advance and also ,,,
to be fair to Sean ...... we don't know the situation there or for Kory
All this could have been avoided .... maybe another lesson to be learned
make mistakes
fix them
don't do them again
learn
grow
expand
$