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The fact that releasing good sales numbers really isn’t having much effect on the price might explain why they are not wasting $ dropping news about it. I’d rather them save the $ then drop fluff news anyway. We’re going to get those numbers in the Q regardless. Lots of volatility here and seriously if they dropped major news everyone knows the price would climb a lot faster than it’s been dropping. Imo the only way one can’t win at these prices is if they just completely go dark. I don’t see that happening. When they got something worth saying imo they will be saying it.
Buys are keeping up with the sells. Not 50-50 today. But wasn’t fully lopsided either. Volume less than .01% of the float. More sideways trading. Down a little on the price today. But I see no cause for concern with that when the volatility has been the way it has been here. More people holding and waiting than dumping.
My guess is slim to none. Many feel this issue should be left up to the states. Progress has been made. But still a ways to go before full blown legalization. I live in NE. The people got enough signatures here to get med on the ballot, and the governor took the issue to the State Supreme Court and shut it down. With many elected officials working against the will of the people on this issue I think we still have a ways to go. If they would just remove it from the schedule 1 list that would be major progress.
I'd say that's already happened. The loose hands have all done dumped. Volume isn't indictive of any form of storm. Spread is tight. Blue sky's ahead. Fuel the rockets, takeoff is soon. Loads of support where it's at. IMO news is just around the corner, and will hopefully provide enough spark to ignite the rockets north. Everyones just waiting.
Prob won't get another day of volume like last Monday without news. Doesn't appear it's being flogged with current holders selling though. Seems everyone is holding on waiting to see what happens. Buys and sells still evening out. With the support being shown, imo the divergence will take a little while still to drag the price down, or it will eventually disappear with news. With some good news volume will easily pick up.
Price up on very little volume.
Would have cost me less so far.
Not going to happen. I’d be satisfied just knowing the crop didn’t go up in smoke with the wildfires. Be nice to be given an update on the LOI as well. Even if nothing is final, just knowing that it’s still in play would eliminate some anxiety.
It would open a lot of doors for them. Price would bounce up quick.
IMO a current true value even with the sales they have is between .07-.10 I think there's a lot of potential for a higher value or I wouldn't be in it. Again IMO to get that value they will need to expand, or better manage the $ they are getting from the sales to reduce the liability instead of continuing to add more on. I'm just hanging on to my shares to see how it all plays out.
So quiet I can almost hear a pr coming.
The dollar idea was tossed around in the comment I replied to. Going to need major news to get to .20. However, the right news may drive it higher? I’m neutral on this at the moment and holding...
I don’t see how this gets back to a dollar+ anytime soon. Acting on that LOI would go a long ways. But investors would still be leery from all the previous added liability. Currently without action on that LOI, the real value is no where near a dollar per share imo. I’m a shareholder, and not trying to down-play, bash, or disturb what’s going on. But just being a realist. I think seeing a dollar+ even with action on that LOI might be a bit of a reach until they can become self sustainable and stop outspending their earnings. If they do make action on that LOI, then there will still need to be calculations of the unknown offering to begin to find a true value. If no progress on expansion is made, then the offering is only going to lower the current true value per share.
Imo Simon has to be working on something that’s going to completely blow our minds. Otherwise, when he commences the offering, he’ll just be sending the price per share down the toilet. If it goes down how the summary proposes, the markets going to feel 170 million shares being added to the OS here.
Also there is a major lacking of transparency in the uses of the funding from the offering. They claim they can continue operating if 25% is raised. if 50% is raised they can do this or 75% is raised they can do that. But if 100% is raised the whole plan can be done. That all sounds great. But what exactly is the plan?
I agree many would assume the worse with no PR. My guess is Aug sales #'s will again be good. Maybe even higher than July. Their not required to Pr that info. So the fact they haven't released it, isn't overly bothering to me. I'm sure there's some form of sales numbers there.
I'm just trying to figure out what they are doing. It doesn't make a lot of since. IMO the timing of the 1-A is horrible. The 1-A is for a $5mil offering. They claim they need at least 25% of that offering for operating cost for the next 12 months. But isn't rent alone for the farm going to cost more than that?
Also, 25% of $5mil is only $1.25mil. If they're capable of bringing in $2mil+ a month in sales, they couldn't cut spending from somewhere, and find that $1.25 mil in profit somewhere in 12 months instead of diluting the price of the stock by issuing more?
IMO they are creating a cluster of a mess. Even if they now drop a PR saying they 100% are for sure expanding, until the offering is handled and those shares are issued establishing a true value for each share price and a market cap would be a major headache.
Whatever the plan is, it would be nice to be updated on it. It would be good to know with the offering that’s coming out, that we are at least still looking at trying to expand. Imo it would make that 1-A offering taste a little less salty to those of us who own and currently hold.
I’ve never tried to contact them. But I think they should buy instead of rent. Right now renting NUGS farm north cost if I remember correctly, $250k+ a month. Renting is nice in the aspect it gives them a place to start. But owning their own facility would create more value for the shareholders. I’d be fine if they ditched the LOI offer to rent another spot, and used the financing they were going to use for that to buy their own land and build their own facility.
Simon needs to give us something. Latest release was the 1-A. & before that was the Q that let us know another 1.5 in liability was added onto us all while acquiring record sales numbers. Bullets hurt and cause bleeding. Where’s the bandaids? Surly Aug sales were at least kept good???
Without good news for holders soon, I’d say you are probably right. I hope not cause that’s a long ways down for me to avg to. From what I was reading the 1-A form should get qualified by the SEC shortly after 21 days? With them saying they’d be ready within 2 days, if they have a buyer or buyers already in mind the offer may go quick? If happens quickly it will probably commence on the lower end. If it plays out by how the summary says with 168m shares @ .0385 it still wouldn’t create a share structure that’s unheard of for this type of company. Definitely going to put a dampener on existing share holders feelings. Sure hope there is some form of plan in place. If there really is no plan; or whatever plan they have fails, falls through, or turns negative for whatever reason, it could get worse than .02. I’m in it to win it though going to ride with it and see how it plays out.
I don’t like it none either. But might be a reality. The 1-A summary kinda looks like to me that to get their $5million they’d be ok letting about 168million shares go at .0385. Raising the OS by that much is going to vastly dilute the price of the shares that are already issued. In the long long run, adding 168m to the OS won’t stop the growth Or price rising eventually with continued positive sales. But it sure is going to slow a lot down in the short term.
Sounds like the price will be determined at the time one makes a move to fill some of the offer. It doesn’t say it will be .02 or .50. That’s just the proposed offer. What it does say is that it will be in between. Their language here is interesting. They go as high as .50? Since the offer is suppose to last a year (365 days with a potential of 90 more). They make it seem as though they believe within now and the next year at some point, the price could be gearing north towards .50? They may be able to achieve a price per share of this just off continued good sales numbers alone? Even with massive dilution the price per share is going to hold onto value as long as they continue with good revenue from sales.
Also, I wouldn’t count out the LOI yet either. Just like the north farm, many of these types of places are ran on lease contracts. There may have been months of unfinished business that needed to be completed before any finalizations can be made. I don’t feel this 1-A form gives us much insight either way on what happened or is happening on the LOI efforts.
I’m not fully getting the idea of what is really going on here with this offering. Their only looking to raise $5million. With the last 3 months reported sales numbers the way they have been, I would think that coming up with an extra $5mil there within a year wouldn’t be unheard of? Be nice to see them do something good for shareholders with some of that revenue that they are generating from the sales. Imo they should abandon the LOI of leasing a new farm; buy land in the county where they already have licenses, and build their own facility.
I’ve heard a lot of the work on these types of operations are done through subcontractors for company tax purposes. It seems like with the good sales numbers, they must be having acceptable work being done. However, with comments on the last Q, it seems to me that they don’t believe they are running at max capacity or full potential yet I’d like to find some time this evening to read through all this before establishing an opinion. I’ve merely skimmed and as you said there seems to be a lot of info here.
I didn’t write it. I’m just trying to get thoughts on it. Im not 100% sure what’s going on with it, or why they are even doing it? I haven’t had a lot of time to read through it since I found it. But what I did read, didn’t seem overly transparent. Could be this many shares, or this many shares. And anywhere from .02-.50 for a price per share? More liability on to the shareholders? This might explain the decline from the mid .07’s to where we are? Along with the sideways trading going on? Imo still seems primed for a lift up looking through the charts. But will be reading through all this and trying to figure out what exactly is going on here.
What’s everyone’s thoughts on this? https://sec.report/Document/0001213900-20-023993/
What kind of platform are you using to conduct such small trades? I use etrade, and every trade I make cost me $7 in brokerage fees. So buying 50 shares with that kind of fee makes no sense to me. I’ve played around with Robin Hood. But it didn’t really let me get into the otc world like etrade has.
Agreed. This is currently way undervalued and oversold. Trends up should be coming no matter what. Should get August sales numbers any day and that should be enough to reverse the downward trend. They get finalization on that LOI I don’t see how it don’t move up 500%+ from where it currently is.
Averaged down again today. I picked up some more shares right at .06 I’m sure August numbers are in. News should be coming any day. Hopefully we will get some updates on that LOI. I wouldn’t say I’m betting the farm on this. But sure seems the hole I’m digging myself is getting deeper. IMO big moves up coming soon. Go $$$NUGS$$$
In the last Q it said Yu had like over 20 mil in temporary financing. I don't think the financing is going to be an issue with these people if they find something they believe will work.
So now you calling me crazy? Lol. So you’re telling me there’s a chance. :)
Same here. My pops always told me I was blessed with good looks, not good luck. But I’ve had my days. I think this will turn around and eventually give us both something to be happy about. Obviously I wasn’t blessed with the smarts. Definition of stupidity is doing the same things, and expecting different results. I’ve done nothing but lose on this one so far but I bought more today so...
I don’t foresee it getting much lower. RSI indicating it may be being oversold. I’m hoping for some good August numbers and a trend reversal on the price any day.
IMO The A/D line shows massive accumulation over the last few months. So there should be a lot of underlying strength here. But the A/D doesn't control the price per share. With the A/D line looking like it does tho, it seems to me like the MM's are at a stage where they are trying to shake as many loose hands as possible before the next run up. August sales #'s should be out any day. But if 1 bought at the height of roughly .12 after they released their LOI. With the price where it is, the MM's are making all those folks question that move. I started at a little over .11 on the fall from that LOI news. With my latest order filled today I have averaged down to .085 I'm a huge gambler with my investment money. MM's going to have to let the price slip a lot more than they have to shake me off at this point.
It could be. But I hope not. I just bought more lol. Their LOI looked pretty vague to me. Kinda sounded like a plan that is still in its very early stages. Kinda was like "we'd like to do this, yet haven't found anything that's going to work yet. But we are working on it." I wouldn't count it out yet. Took almost a year to get the #'s they are getting out of the North farm. If they do get another farm, it's going to take a little time to get those numbers up too. Accomplishing what they are trying to accomplish is no small task. I'm still willing to give it some time to transpire.
It really just depends on what’s going on and being done in the LOI. I’ve seen them issued and actions on them made within a few months, and seen them issues and take nearly 2 years to get something done on them. I’ve seen these kind of LOI’s issued and no progress ever made on them. I’d say if they are serious about it we should get some form of update on progress within the next 2-4 months.
If they make progress on that LOI, this will get a huge jump up. If they don’t, then to get that investor confidence they will need to keep pushing out those good sales #’s, and find a way to knock about 2m off that deficit this next Q. If neither of those happen, imo this will be back below .05 after or maybe even before the next Q drops. They have the ability to make this a great company to be a part of. But they have to begin to figure out a way to keep the investor confidence up.
Looking at the Q’s, The dilution hasn’t been extremely excessive for what they have been doing. However, I can’t argue that it hasn’t been occurring. The bigger issue is supply and demand. With prices falling the MM’s will shake off loose hands creating massive supply for them. Until the company gives reason for excitement, I’d expect price and volume to continue to head in the directions it’s been going since the fire of the Loi has cooled off.
If you have an operating costs of 2.3m, but only have 800k in sales. It’s the same as having 3.5m in operating cost with 2m in sales. A net loss is a net loss no matter what the numbers are. A raise of the sales numbers means nothing if you’re constantly outspending whatever it is that you’re earning. Investors want gains. Throwing execs 30% sales bonuses off large sales numbers without figuring out a way to at minimal maintain the current deficit is like a poke in the eye to the investor.
No investor confidence. Giving execs 30% sales bonuses, while adding another 1.5m in liability isn’t the kind of news investors are looking for. However that is the news that they have given. The volume is way down. I’m stubborn,; hate being wrong, hate losing money even worse so I will probably average down again soon. But the bleeding has hurt. The market is a world of what have you done for me lately. Next to the LOI that’s now a few months old, they really haven’t given the investor much to be excited about.