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One of the best things about PharmPods is the fact that they are so easy to steal! Let the other guy spend all his money setting up the grow, then break into the yard or building in the middle of the night and load the pod on to your flat bed. Don't forget to disconnect the electrical connection first! Then just drive to your own secret warehouse and you are in business!
This post may be in jest, but I have worked at sites where thieves have stolen the tool crib trailer by busting down a chain link fence and loading it onto a flat bed and drove away.
In the Cannabis Radio interview, Scott Dittman states that he took FSPM public on the advice of his brother in law. What Scott did not mention in the interview is the fact that his brother in law William Sears, is a stock promoter!
Once again, patient shorts are rewarded. Not really much technical support left on the daily chart.
What do you mean shorts coming soon? I have been shorting FSPM for months!
How can customers beat the door down to get PharmPods when PharmPods.com does not even give the address of the sales center? It is difficult to beat the door down when for some strange reason the company doesn't want potential customers to know their location!
Meanwhile, the price decline continues, and the patient shorts are rewarded!
Also well rewarded are those who have converted preferred shares and convertible notes into common shares and are selling the shares into the market - Scott Dittman, sister Leanne, and stock promoter brother in law William Sears.
Any shorts planning to hold through the R/S?
And even past news is getting worse. The big sale to Greeneway Wellness is probably on hold as, according to the Greeneway website, they do not yet have the local approvals required to proceed with any of their dispensaries. No dispensaries, no cultivation, no delivery of PharmPods, no revenue as yet from this highly hyped sale. For those unfair with GAAP, revenue recognition requires delivery of the goods or services!
Trading in the direction of the dominant trend is more profitable and has less risk than trading against the trend. I want to be short stocks that are declining, not going up.
Why, I believe them. If you have doubts, you should call!
If you want to verify FSPM sales in New Brunswick, Canada shown on the FSPM sales map, the Health Canada website lists only 2 licenced growers in New Brunswick with phone numbers and website links. It would be easy enough to call them to determine which one is using PharmPods.
No I am not saying that at all. I am saying the potential market for cannabis related PharmPods in Canada is very small.
Contined... The health Canada website also gives the websites of each licensed grower. No sign of the use of PharmPods on any of the sites. Those that give photos of their grows show large grow areas, not small enclosed areas. Canada is NOT a big market for FSPM.
Canada is not a massive market. Health Canada has only issued 13 licences for growing medical marijuana. All companies are listed on the Health Canada website, as are the websies
I hope you are patient. I have been shorting MDBX on and off during downtrends for over a year, and it refuses to die!
If you replace the word "investor" with "trader" I would agree 100%. There are few if any investment opportunities in the OTC markets. There are many excellent trading opportunities, including FSPM.
OK, if you are going to be late, you have to let us know.
PharmPods.com does not include the company name of the company selling the product, nor the address of corporate offices or show room. Have you ever seen a corporate website that does not list the company name and address? WTF?
Accomplished investors become accomplished investors by staying our of the OTC swamp!
If you buy the fear, you are too early. You have to wait until the blood is running in the streets!
You might want to refrain fom postings like this that could result in criminal proceedings by the SEC.
My interpretation of the map is 8 customers (or 7 customers plus FusionPharm HQ) where pods exist today, plus three customers (or two customers plus Seattle sales office) where contracts for future delivery exist. In any case, there is a huge discrepancy between what the map says and the constant cheerleading regarding never ending streams of orders flowing into FSPM.
Those are the locations of clients that have bought PharmPods, that is my understanding. And it's not a very long list of locations, is it...
No, I try to never have more than 5% of my trading account in any one position, and I let the price action dictate my actions. When the trend is no longer down, I will cover my short. This could be tomorrow or two months from now I have no idea. Any trader who has lived through a black swan event knows that you never go all in, and you never mortgage the house. The stocks you own don't know you exist, so it is a waste of energy falling in love with them!
Second lowest volume in the last three months! No end in sight to the downward spiral!
The short position in FSPM has been stable for the last two months, so it is not shorts that are causing the continued decline in share price.
http://www.otcmarkets.com/stock/FSPM/short-sales
Dilution is transparent in the annual report. Scott Dittman converted 20,000 preferred shares into 2,000,000 common shares, and another 3,000,000 or so shares were added by conversion of notes during 2013.
Holders of preferred shares can convert their shares into another 150,000,000 common shares, and Scott's sister and brother-in-law hold notes that can cause further dilution. It's all in the Annual Report!
And will we then "sell the news"?
It would be great to see a photograph of a PharmPod actually being used for production by a client that is not close family! But even a photo of Vertifesh pods in use would add to investor confidence!
So does this mean they have now been working on the audit for three months? So why are there no audited financials? Are the auditors refusing to sign off? If Scott is so busy building the company, why did he do the Annual Report himself? This all sounds a bit fishy...
How are those three third-party auditors getting along? Are they almost finished? Or did they finish and refuse to sign off? Or were they never there in the first place?
No, 900 shares available to borrow at Interactive Brokers to establish a short position. When a stock is as over valued as CANV, the supply of borrows is always limited. If you want to buy some CANV, I am sure you can easily find a seller!
Disclosure - short.
What do the FSPM share price and I have in common? We both keep getting whomped!
Oh well, I suppose we will just have to wait for the next disclosure of financials to be filed. Your enthusiasm for FSPM matches that of the poster back in March who kept insisting that there was a three man audit team on site diligently working on the audited financial statements, and we know how that turned out!
Well, so far there appears to be ZERO demand for PharmPods for growing anything other than weed. Only sales to date for veggie growing have been to VertiFresh, a company run by Scott' stock promoting brother in law William Sears, which shared the same Vine Street address as FUsionPharm. If anyone lives in CO, why not drop by VertiFresh to see their thriving operation ;)
Well, since the company has provided no evidence of any other sales lately, I am not sure what other conclusion can be drawn...
Revenue is not recognized until the goods or services are delivered under GAAP. A deposit is not revenue.
To me, that looks like Q1 revenues will not include revenues from the Greeneway Wellness sale, as Greeneway has not yet been able to get the local approvals for their dispensaries. Given the large Canadian sale to the mystery customer also did not start shipping until March 28, it looks to me like Q1 revenues will be very disappointing. But who knows when we will see Q1 financials, as they have been chronically late. Any sign of those promised audited financials?
Agreed, that's why I will be covering my short if the move upwards continues. Never fight the primary trend!
Still here, lurking in the shadows, doing research. I am still short, but will be covering if we get HOD into the close.
FSPM doing well today relative to the rest on the pot sector..,
Stocks come off the greys to the pinks all the time. Of course that is true, but only in extreme rare circumstances does a stock that has been suspended by the SEC come off the greys to the pinks. But you knew that didn't you ;)