Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
WOW...look at level 2! No one wants to post a substantial bid. I am surprised the ask has any shares under $1. I have seen this before where people want in and suddenly the bid dries up completely. MM are not showing how many shares they want. They want in and are hoping to see any kind of drop. This is going past $1 soon.
I have never seen a run like this with literally just a handful of people on social media talking about it. Even IHUB has only has 5 people talking about a 10 bagger.
Wrong on so many levels. Where is your proof? Haven't you been following their announcements?
I just said that was how many I was putting on the ask, I did not say that was all my holdings. Now I am really being serious, why are you so obsessed with me. You are creepy.
Fine, I will give you something that will make you happy. Don't say I never did anything for you. This is from David:
Hi Mike-
Thanks for the email. As shareholders of the company, we too want to see success and higher market valuations of our company. That is why we announced a Private Placement Memorandum (PPM) to raise capital through equity rather than taking on convertible debt that eventually needs to be paid back at much higher terms - or heavily converted into the market. As you know, we retired every single convertible note (most of it inherited from Textmunication). If one note would have been converted into shares, our OS would be well north of 100M shares today.
We will be making announcements on our PPM success and the launch of our highly anticipated Cordial product line this month. Companies are public to raise capital. We have kept our OS/Float intact while paying off convertible debt and reengineering the capital structure of our company. Insiders receive equity grants once our market value exceeds $100M, so we are in this together.
Our new PPM investors are committed to our success. We have brought on several high-level investment bankers and influencers from the cannabis sector into our PPM. They want our equity (stock) instead of being paid off in cash. That alone should tell you where they think we are heading.
Going into our launch, we will be debt free with cash reserves - and the launch completely funded. We feel our actions support shareholder value.
Thanks for reaching out.
You're going to see how real it gets IF it turns out that they have been able to sell all their product on pre sales. If they are sold out in a week, bring in $1 million for the product, we could easily see rev's of 52 million in a year and price it at 5x earnings, which is low for a pot stock, you will see $6 quickly. That is as real as it gets.
No, you said there was a difference between Reserved and Authorized. Reserved shares are part of the A/S. They cannot have random shares floating out there to no ones knowledge. Refer to the SEC guidelines.
I never posted that I had 175,000 shares. I have more, that is only the amount I was going to put up on the ask. I also have shares in my Niece's UGMA account. I don't know why you are so obsessed with me.
I am up over 2000%. It doesn't mean shareholders can't call out management
Reserved shares are authorized shares that are set aside for issuance in the future. Most common are the stock option plans. The reserved shares are part of the total number of AUTHORIZED SHARES, but the corporation may not issue them, except under the stock option plan or for a third party. This is when a corporation issues a warrant to a third party to purchase stock. If such warrant holder exercises the warrant, the corporation then needs to have enough shares reserved to issue to the warrant holder.
Once the corporation raises money by issuing preferred stock, a certain number of authorized shares must be reserved for the conversion of the preferred stock into common stock. I was registered with the SEC for 13 years. I am right you are wrong.
I guess this puts them at 30 million times earnings
You just showed your hand. So you are not an accredited investor? I fall under that category. So why should we take advice from you. I showed you my account and my 2 year gains, show me yours.
WRONG: they said they were issuing 100 million shares to the A/S to cover possible conversions. Now that they SAY the notes are paid off, they have not dropped it at ALL. You guys are also wrong when it comes to Reserve Shares. Reserved shares are authorized shares that are set aside for issuance in the future. Most common are the stock option plans. The reserved shares are part of the total number of AUTHORIZED SHARES, but the corporation may not issue them, except under the stock option plan or for a third party. This is when a corporation issues a warrant to a third party to purchase stock. If such warrant holder exercises the warrant, the corporation then needs to have enough shares reserved to issue to the warrant holder.
Once the corporation raises money by issuing preferred stock, a certain number of authorized shares must be reserved for the conversion of the preferred stock into common stock.
I was registered with the SEC for 13 years. I am right you are wrong.
As I mentioned before, they did not go by share price, they went by Market Cap. At the time, they would have needed a $5 share price. Now they only need a $2.61 price. They had a company with $1 million in annual revs. They could have paid it off with that OR launched the product when they said they would and use those revenues. I have displayed my account on this one and how I am up over 2000% on this one. Why don't you show me your results, then I will take you seriously.
FACTS. A/S still 200,000,000 shares even after they said 35 million returned to the treasury. Facts. Truth hurts don't it
LOLOLOL I did not say reserve shares were part of the OUTSTANDING SHARES LOLOLOL I said they were part of the AUTHROIZED SHARES. Because they tweeted that the notes were paid off and they could return 35 million shares to the treasury, that would go to Authorized Shares or A/S like I said LOLOLOLOL. SMH. LOLOLOLOLOLOLOLOLOLOLOLOLOL
A/S still reads 200,000,000. Their tweet said they were dropping by 35 million. That is a lie because it did not happen.
MORE LIES, remember this tweet:
By retiring our last 2 Promissory Notes, 35M+ reserve shares were just returned to our TA treasury. #CapTableCleanUp #CannabisInvestment #CannabisStocks
As of 3/12/2021 200,000,000 shares available.
DILUTION, 6,000,000 MORE SHARES ADDED IN PPM! NOW THERE IS A $30 MILLION MARKET CAP WITH NO REVENUES. MANAGEMENT IS ADDING SHARES TO GET THEIR FREEBEES WHEN IT GETS TO A $100 MILLION MARKET CAP. AT ONE THE THE STOCK PRICE WOULD HAVE HAD TO BE $5 NOT IT ONLY HAS TO BE $2.61. NOW THEY HAVE PUT THE NAIL IN THE COFFIN. MANAGEMENT HAS ADDED ALMOST 20 MILLION SHARES. THEY HAVE DOUBLE O/S. IF YOU WERE AN ORIGINAL INVESTOR YOUR INVESTMENT HAS BEEN DILUTED BY HALF. THAT'S WHY YOU DON'T BONUS MANAGEMENT ON MARKET CAP, YOU BONUS THEM ON STOCK PRICE.
Their product launch is this month. They have 140,000 units ready for sale. If their beta testing and marketing is providing the results they expect, they will sell out almost immediately. If that happens, they start bringing in $1 million per week, you tell me what the stock price should be.
I wasn't wrong. You see my account, you see the total gain over 2 years. I have been right all along which is why I have made so much money off of a small investment. Oh, and that is in my ROTH so the gains are tax free.
Looks like the PPM's have told their wealthy friends about this one. Big money is adding. That is why having PPM's are solid, they bring big money to the table. Dollars soon!
They have 140,000 units ready for sale. Well over $1 million in revs. They have confirmed the launch is this month with pre sales on the books. IF they announce that with the presales and new products they have been promoting are sold in the first week. Well, over $1 million in a week could be followed up by an easy $5-$10 price point.
LOL that is why the flippers make money and the buy and hold guys stay broke.
My ask did not fill because I pulled it. I showed you my account for KOAN show me yours. You what I started with and my gains. I am the real deal. That is only one account of several I have. As I have said before I only have a couple penny stocks and that is it because they are not liquid and can be risky. Show me what you got.
That's what drives me nuts. The kind of swings these stocks make an half the people posting are just holding and waiting. So much opportunity missed on this one. This has been one of my stronger holdings and we haven't even got to the product launch.
Good grief, as I said, when it jumped this morning I pulled my order. If it's going up, I am not selling. I showed you my gains, show me yours.
I am a trader. When it moves, I raise my ask price.
Well, 7800 at .53, like I am going to hold an ask. LOLOLOL I am a trader.
I will post 175,000 shares at .59 this morning to see what happens. If you have $103,000 for them I will sell them to you.
I will post them first thing in the morning and see what happens
All of mine have shown through NITE. I was flipping this quite a bit last year, especially 4th quarter, and I always saw it on Level 2.
Something is going on. NITE is usually the one that will put my ask on Level 2. So, just for the heck of it I put 175,000 shares on a limit order at .59. They are not posting it on Level 2. This is the second time I have put that many shares on the ask and they are nowhere to be found. I have a feeling they want to show as few on the ask as possible.
No I didn't. I never said. Only thing I ever said was I would put 150,000 shares on the ask, which I did, they were never bought because I kept them above CDEL. I told everyone once the leakout was over, I would hold until product launch. The last trade I confirmed was the 48,000 share purchase I made at .1173
Flippers already made money on this. I have made a handsome return. Buy and hold is the way to go broke in pennyland.
This month. They have 140.000 units that will be ready for sale. They confirmed on Twitter today that the launch is definitely this month. They have not hinted about the pre sales. However, if they sell out quickly, we are looking at dollars by next month.
No I didn't.