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I have no expectations for price action, I just make sure my position is in the same direction as the trend on the daily chart. I have no issue at all with FSPM spiking to $20, I would then just have a higher entry price for my short on the next down leg.
Good luck to all, especially to longs who don't understand the rules of the game.
My short position has been very productive, thanks. I would prefer that you didn't buy 100,000 shares until after FSPM has returned to up trending on the daily charts.
Are we trying for the rare triple bottom pattern now?
FSPM price will rise when there is news of actual sales to companies that are not part of the FSPM "family". Why is there no news of sales that identify the customer, number of units ( or contract value) and expected delivery dates?
Buy the rumor, sell the news!
OK, sorry, my fault. I misinterpreted what you said.
I suggest you listen to the interview again. If you insist I will directly quote what Scott said about the numbers and timing of the sales to Greenway Wellness in Michigan, which does not line up with the wild claims made on this site.
OK, now I'm really pissed. I stand accused of being secretly long biased!
That's OK, I have some good friends who trade on the long side..,
Disclosure - short FSPM for as long as the downtrend on the daily chart continues.
I reserve the right to initiate a long position on a price breakout above the 52 week high, which IMO would be super bullish!
Nice gap up! I know at what price I will cover and have no problems taking a loss on a trade. I only get upset when I don't follow my strict trading rules.
Thanks for the compliment!
Bring on the good news! I react to price movement, and will cover my short if the trend turns up.
When I say GLTA, I especially direct it to those longs who are out of their depth.
GLTA!
Perhaps I am just trying to counteract some of the wild unsubstantiated cheerleading on this site from all the moderators who appear to have significant long positions. For every wild unsubstantiated claim made by an FSPM cheerleader I post information extracted from FSPM company disclosures to try to temper the wild enthusiasm.
LOL you must have a different L2 than I have. My L2 is showing a spread of $0.19 with the best bid well below Friday's close.
Go FSPM rah rah rah sis boom bah!
It's not an exercise in futility for the insiders. In 2013, one of the three holders of preferred shares, Scott Dittman, his brother Robert, or Microcap Management (William Sears managing director) converted 20,000 preferred shares into 2,000,000 common shares and added them to the float. If these shares were sold during the recent share run up, the person who converted their shares will have pocketed more $$$ than the projected FSPM revenues for 2013. We will know which of the holders of preferred shares converted the shares when the Annual Report is filed.
News of a sale to an arms-length customer would be the best way to boost FSPM share price!
Go FSPM!
Unfortunately, we have no way of knowing what today's share count is. The only way we get to know the number of shares in the float is from the disclosures made by the company. The last known share count is for the quarter ending September 2013.
The current sales center is unable to generate much news of sales, why should another sales center do much better?
News of a sale would be a little more impressive than news of a sales center.
If you take into account that there are about 1.5 million preferred shares that are convertible to 150,000,000 common shares, the float could quickly grow to 155,000,000 shares. Even with a massive increase in sales and revenue, the current share price would be too high.
A chill wind descends... I would be interested if someone could refute any of the facts that I have extracted from FSPM's own filings and from State corporate databases
Fair enough... Sorry if I overstepped the line...
I have found clear evidence in my research that one lot of eight PharmPods have been manufactured.
I find it very strange that FSPM has no marketing material that shows them being used in commercial production by a happy client.
I see that almost all of your PharmPod you tubes have been taken off- line (you missed one). Why would you be posting promotional marketing material - are you paid to do so, or are you simply promoting the stocks in which you hold a position?
And I apologies for dissing the production quality, but I really think you could do a better job.
Well, that's odd because you state on your SeekingAlpha profile that one of your interests is shorting stocks.
While you are at it, ask the company why they chose Meadpoint Venture Partners as the exclusive licensee and distributor of PharmPods.
Meapoint is a strange choice because it is foreign owned, registered in Nevada, but managed out of Thornton CO by stock promoter William Sears.
This is also strange because VertiFresh, a company that made a large purchase of PharmPods, is also managed by William Sears, and is located at the same address as FusionPharm.
So when FusionPharm sold to Meadpoint who the sold to VertiFresh, did the pods ever have to even leave the yard?
Well, let's pretend you don't know anything about shorting over valued penny stocks.
First, open an account at a brokerage that allows shorting of OTC stocks. The best brokerages for this are Interactive Brokers and SureTrader. ST is offshore and therefore your account isn't protected. if you have $50,000 you can open an account at centrepoint.
As my accounts for shorting are both at Interactive Brokers, I can only speak for their fees. You can only short stocks for which there are borrows available.
The transaction fees for shorting are only very slightly higher than going long. There also may or may not be borrow fees depending on whether or not the shares are considered to be easy to borrow (ETB) or not. Borrow fees can range from zero to over 100% annual rate.
You also need sufficient margin in your account to short. The margin required is either the value of your short position, or for shares under $2.50, the number of shares x $2.50.
Holding a short position is like trading futures as each day after the market closes, your position is marked to market based on the closing price. If you have made money, the profit is added to your account, if you have lost money, the loss is deducted from your account. If you are short and the price goes up, you take a double hit, the margin you require goes up AND the loss for the day is deducted from your account. This explains why everyone wants to squeeze the shorts, if you can create a price rise, over-extended shorts eventually have insufficient margin in their accounts, and are forced by their broker to buy shares to cover their position, which if this happens to enough shorts at once, can cause phenomenal price spikes. It is thought that market maker WDCO go caught with a huge short position with LOTE, and the price rise caused the mother of all squeezes and put one of the WDCO trades out of business. Same with the original spike on LEXG.
Any other questions.
Please identify one arms-length company that is actually using PharmPods to grow something on a commercial basis, besides Groundswell. I do not consider VertiFresh to be an arms length company as it shares the same mailing address as FusionPharm and is managed by the stock promoter William Sears.
I am not surprised they took the video down. Most companies would have been too proud to post a video of that quality.
FSPM marketing fail!
I am Short.
I trade eight different pot stocks. Seven are in down trend, one in an up trend on the daily charts. All of the pot stock charts are similar. Volumes are way down and price is declining. Momentum traders trade mostly on the long side, and left after the initial price spikes. Swing traders are cashing out as the trend turn down. That leaves the "investors" and the longer term shorts. The investors already have their long positions, so who is left to buy? For the price if FSPM to start moving back up, there needs to be either big sector news or big FSPM news. JMHO
Well, I don't marry my short positions either. For OTC stocks I am only short if the trend on the daily charts is down. During the last period of up trending of FSPM price, I think I made it clear that I was flat, and only someone with suicidal intent would short an up trending stock in an insanely hot sector like this one.
Although I am short biased, I think there is a good chance of FSPM spiking to 10 or 20. I am not predicting this will happen, but I would quickly exit my short position if the trend turns up again.
Let's be clear here, these 2,000,000 shares added to the float in 2013 are not coming from the company as a result of an equity offering, they are coming from one of the three holders of preferred shares: Scott Dittman, Robert Dittman, or the unknown third shareholder holding less than 2% of the preferred shares.
I am also looking forward to the filing of the annual report, because then we will know where the 2,000,000 dilutive shares that were added to the float in 2013 through the conversion of preferred shares came from: Scott Dittman, his brother Robert, or the unidentified third holder of preferred shares.
If there is news about a sale, I am hoping that they indicate the actual value of the signed contract, not an "anticipated value" as was provided in the Greenway Wellness PR.
It would be nice if the customer is an arms length customer, not like VertiFresh which has the same mailing address as FSPM, or Greenway, where the CEO of FSPM is a director.
So far, all sales of PharmPods seem to have been made to friends and family.
Can anyone point to a sale of a PharmPod that was made to an arms length entity?
Good nose!
Go FSPM! GLTA longs!
Disclosure - still short.
Any shorts still out there? Is this failure of support the real thing? Is OCTX finally toast? Have all the Fraud Research crew given up and gone home?
Interesting that there is no mention of FSPM or PharmPods anywhere on the Circle Fresh Farms website. My understanding is that one point in the past, FSPM supplied some products to Circle Fresh through VertiFresh, a company that shares the same address as FSPM.
I con find no evidence of a PharmPod used to grow anything that is not in Scott's back yard!
Do I need to check the Colorado Secretary of State website to confirm ownership of VertiFresh, or will you save me some time and just admit it is not at "arms length" from FSPM.
Interesting coincidence that Scott Dittman sits on the board of the only company that FSPM has issued a PR about a sale in the last year.
Have there been any legitate "arms length" sales of PharmPods to date? Evidence would be appreciated.
Why is there no phone number on the VertiFresh corporate website? Is it because they share a phone line with FusionPharm? Same address after all...
If Vertifresh is in California, why is their mailing address the same as FusionPharm's mailing address?
Can you give me an example of somewhere that is not in Scott's Dittman's back yard that actually grows things in a PharmPod,