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I believe the announcement was made last Friday that a, 10 for 1, R/S is scheduled to take place on December 4th.
I hope for the longs here that the company releases news with the R/S and they can have the opportunity recover a substantial portion of their investment.
Good luck to all.
My take on the current situation, numbers are how I see than and may not be correct, again this is my opinion.
A/S increased from 500 million to 2.5 billion per filing in late summer.
O/S is still unknown, what has been stated here and sounds correct is the number 1.8 billion add to that the 600 million owners gifted back and we are close to the A/S of 2.5 billion.
Reverse split will only affect O/S, the A/S will remain the same 2.5 billion. If there are 1.8 billion shares outstanding this will be reduced to 180 million, yet the A/S will remain at 2.5 billion, giving the company 2.32 billion shares to issue onto the market through convertible notes, gifts to themselves, sponsored athletes, board of directors etc... Dilution
Remember we are in penny land, where up is down and down is up. It is a manipulated market.
I am sure they initiated production in June or July as they stated in PR, initiated in the sense that they may have made a call to inquire about production fees, or any of a thousand different scenario's that would constitute initiation of a product. Just as I am sure they have continued to move forward with getting product to market, which is a far cry from actually putting anything in a bottle, the bottle in a case, the case on a pallet and the pallet sent out for distribution.
Everyone can read the same PR and get a different message, the message we usually receive is the one that benefits us, we all want to hit the game winning shot, we want to believe we can turn $100 into $10,000 or $100,000 the reality is, it just doesn't happen, that often, if ever.
Be realistic in your expectations, more importantly believe ACTIONS not WORDS.
Good luck to all.
Sell off is not as bad as I expected. I figured we'd see 3s and a strong possibility of 2s being sold into, in the first 30 minutes.
Welcome to Penny Land, as in life, the most important lessons are learned at our own expense. Like all who trade for any length of time at this level, I have had to pay for my education as well.
Most who trade at this level, including the much younger me, are looking to hit the game winning shot, with every stock purchase,
when in reality the odds are 1000 to 1 (at best) against us.
My education has taught me the following:
HAVE A PLAN..... STICK TO MY PLAN
I used the KISS philosophy (Keep It Simple Stupid) as the basis of my plan. Everyone's plan will be different but they all should start with.
1. Make money
How you decide to get there will be your PLAN, without a plan, your chances of making money trading pennies is no different than buying a LOTTERY ticket.
My most difficult lessons to learn:
1. SELL at a LOSS.
2. TAKE PROFIT: SELL for a GAIN,
this sounds silly, but too many times I had a chance to take profits of 100% to 500 %, but held all my shares only to see the pps fall back to my entry level or below, which typically lead to discontent, which lead to trading on emotion, which lead to larger losses versus smaller PROFITS. A small PROFIT is better than ANY LOSS and there will be losses.
3. Do not get emotionally invested in any stock, as the markets are manipulated at every level and in Penny Land there are less rules and guidelines leaving more gray area to manipulate.
4. PATIENCE when buying. (this is still my biggest weakness) I never wanted to miss the next run, which usually lead to me buying on the ask versus setting my entry price and being patient for order to fill. The runs I have missed are meniscal to the money I saved by buying with patience.
Growing up we all have been told at one time or another "Learn form someone else's mistakes" unfortunately most of our species, myself included, have to experience the mistakes first hand, before the lesson is learned.
Trade here or invest here for the long term, just do so REALISTICALLY and you will have a better chance to make a profit and keep your sanity.
Longs stay strong, traders trade, flippers flip, whichever you are, STICK to YOUR PLAN and respect the right of others to disagree.
Good luck to all.
As CADDIE stated they have already had product on the market, therefore production contacts are in place, any and all approvals have been meet to take product to market.
In my opinion, producing the product is the easy part, . The difficulty lies in getting consumers to give it a taste and then to make repeat purchases.
Good luck to all.
Regarding Monday's news:
Monday's news will be, what it is! Great, good, ok, bad or delayed again. Make your decision, PLAN, now and Monday will be a better day as will the days that follow.
Make a trading plan and stick to it and you will be able to remove the EMOTION from trading and the stress associated with it.
We all have sold shares to soon, held them to long and second guessed ourselves. A PLAN eliminates the second guessing which for me eliminated my mood swings and let me trade with a clearer mind and develop a plan that, I believe gives me the best chance to make a PROFIT.
Reality is, the PPS of TBEV will fluctuate greatly north and south over the next 1 -5 years or go broke.
Put a plan in place and the ride will be less stressful.
OH,Don't be afraid to make money along the way. You can sell shares for a profit and still be LONG on a stock.
Good luck to all.
Is it Monday yet??????????
I believe the private financier is providing the $1.5 million as a loan to be paid back along with the 1% interest rate.
The 123 million shares of stock currently (.0006) valued at $73,800.00 are given in exchange for the low interest rate 1%,
In my opinion they're basically paying the majority of the interest with shares vs. a higher interested rate. the lower rate will leave more cash ( once they start making cash) for operational expenses, production, distribution, advertising etc...
If this assumption is correct, I believe its a win / win.
Company get cash with little cash interest to pay, financier makes an additional $12,300 for every .0001 of a move in the stock price vs a set rate.
If stock actually reaches .01 they would make $1.23 million on a $1.5 million dollar loan or 82% of original loan amount.
Or company continues to miss target dates and delay production and stock falls and financier gets stuck with worthless stock and out his $1.5 million.
If Mr. Franklin is the financier he would have known about the R/S before agreeing to terms as he is listed on the SEC filing. Which I believe, is a good thing regarding the reverse split, if there is a good thing about a reverse split. He still believes enough to hand out $1.5 mil????
time will tell, I'm along for the ride as well. good luck to all!
Update from the midwest, Iowa and Nebraska, on the Walgreens roll-out. Dont have store number or phone numbers, i stopped by all in person over the past 10 days while traveling on business.
Cedar Rapids, IA manager not sure what i was talking about, but admitted that they recieve most new products without much notice from corporate ( this seems to be consistant within the walgreens operation, quite surprising for such a large company) He did state that they would be re-formatting the floor before the 4th of July weekend and was expecting new items, not sure if Fuse was one of then or not.
Iowa City IA, store manager knew they were receiving new product for placement "something to do with Tiger Woods" didnt know the name. They are also resetting their floor before the 4th of July weekend.
Omaha NE., Fremont NE. Council Bluffs IA all similar stories to above.
It seemed to me that the stores receive the new merchandise, with a placement diagram as to where it goes in the store and not much more from corporate. Not only true for the Fuse roll-out but all new products they receive.
I will be leaving again in the morning for the Omaha / Council Bluffs area as well as Sioux City Iowa area. i will let the board know if i find out anything new, good or bad.
Peace
Long Fuse
can you send me a link to this new product that explains how it sucks thc out of the air.
thanks
Must say quite impressed with the interview this afternoon. Unlike the last interview with Tuffin and DJ, DJ's commitment and matter of factness makes me once again excited about the future of FUSE.
This must have been what i was looking for in their first interview, solid work on Tuffin's part as well.
Long Fuse
Peace
I am hoping so as well. Im not trying to rain on the parade, i just didnt get the wow feeling most everyone else got from the interview.
As a investor, i have heard the message before, i was looking for something more from DJ. I'm not sure myself what, it just didnt get me all excited. Maybe my expectations were to high.
For anyone who seen the show and it was the first impression of Fuse, i hope they do some DD and buy.
Long Fuse
Peace
I am hoping so as well. Im not trying to rain on the parade, i just didnt get the wow feeling most everyone else got from the interview.
As a investor, i have heard the message before, i was looking for something more from DJ. I'm not sure myself what, it just didnt get me all excited. Maybe my expectations were to high.
For anyone who seen the show and it was the first impression of Fuse, i hope they do some DD and buy.
Long Fuse
Peace
Are they also not parntered with all the atheletes, how much cash did they invest?
Do you assume they all got out their checkbooks and bought shares?
Or are they being compensated with shares for the use of their name?
Why would DJ be any different?
JMO
Long Fuse
Peace
Assumption is to assume and we all know what it is to assume.
I was looking for more definitive statements, something that said
" I AM FUSE HEAR ME ROAR" what i heard was the same thing i heard in the other interviews, only this time it was DJ sitting there looking bewildred instead of Tiger.
I am more inclined to believe DJ is working on commission or shares, not someone who bought into the company with cash.
Of all the endorsers DJ has the best chance of making a true difference on the bottom line. The exception would be if Tiger was used in commericials, if that day comes we will all be in a better place finanically.
Just not what i was looking for, not a DISASTER as I am sure will be posted later, but nothing to make me buy more shares tomorrow. If I didnt already own shares and i seen this interview, then yes i would be looking at the company for investment opportunities.
Long Fuse
Peace
I must disagree with the excitement regarding the Fox Business report with DJ and Tuffin. Nothing new that i seen, DJ seemed uneduated on the products and Tuffin reiteriated the same vague information, although in a more professional and confident manner.
If you where wondering DJ's involvement in the company it seemed pretty clear he is on board to market the products only, which is what he is good at. I didnt get the feel that he had invested any of his own money into the company. I also wasnt aware he was a partner in the CrossFit centers Fuse just signed a distribution agreement with, so he is already putting the items in new markets. The big question I have, what's his cut?
As much as its pains me to say, I find myself agreeing with bgrass's posts earlier in the week, not much new here.
The exposure is always welcomed, but at what price?
Time will tell.
Long Fuse
Peace
Thats a given, increasing my shares tomorrow at open. Not sure what will happen due to the mjn# mess going on, but holding enough capital back to double shares at .065 and .04 if need be.
I hope it doesnt see those numbers again, I'd rather buy on the way up, but not opposed to picking up another three or four hundred thousands shares at rock bottom prices.
Peace
D and Others
Looking for quality advice as to what programs, if any, you use to evaluate stocks for your day trading.
Also what services do you use from Ihub?
I played with the market from 1998 to the 2000 bust. When you could throw darts at the market section of the newspaper and make money, after the dotcom bubble burst I went back to investing in what I knew, me.
I have some deposable income, and would like to see if i can educate myself and make some money on my money, through day trading.
I am long on PHOT as well as a few other mmj stocks, as i believe this sector is a WHEN not a IF, it will become the next big market mover.
I fully understand i am soley responsible for my decision when buying and selling stocks.
Thanks in advance
Good luck to all.
Peace
I had no trouble purchasing shares friday with my Scottrade account!
Peace
I have a degree in education, since i havent used it in 15 years i didnt see a need to spend the time and energy to take the required CEC to keep it current. I or my employees dont see this as a reason that i cannot continue running a successful business.
If anything i find it reassuring that she not only has a degree in law, has passed the law boards and has practiced law. Has to be a asset when running a company with all the possible legalities as the MMJ sector. I believe her knoweledge of the law, how it is applied, how it can be interpeted is a distinct advantage for MJNA. JMO
Peace
Agreed, didnt really want to sell today, but from my past experiences its never a bad thing to take some profit, or in this case get on a free roll and see what happens.
I hope im buying more shares at .30 cents and not .15
Gonna let this news settle and see where it takes the pps over the next couple weeks.
Definately will buy more shares before The Masters. I believe they will utilize Tiger after his next major win, which i hope is Augusta, just my opinion.
Go Fuse
Peace
I thought .224 was the high of the day not .21. I couldnt resist the opportunity and sold half my shares when they doubled at the .22 mark sold them at .221.
Still holding a large amount, at least for me, no 2 million shares but over 100k and its comforting to have them at no cost.
If you are correct, which you aren't very often, i will glady purchase more at the .15 range. For everyones shake i hope it continues to climb.
Go Fuse
Peace
.16 cents is only bad if you got in during the pump and dump and forgot to dump.
I am happy with my entry price and could even turn a nice profit if i decided to sell. Instead i continue to purchase more, additional 24,000 shares today at .162 and .163 which raises my average cost per share. It's all a matter of perspective.
Peace and Patience
Thanks
Just received my back ordered Power Fuse. It was shipped from Smart Wharehousing out of Lenexa KS. All my other orders have come from Florida. Has anyone else received orders from locations other than Florida?
Maybe Fuse has been busy getting stock to various warehousing companies located in different regions for smoother, faster and less expensive shipping?
Peace
Thanks for the well wishes.
He has 4 more collegiate tournaments this spring for the University of Northern Iowa. He and his teammates will be using all three of the Fuse products.
I am really interested in their feedback pertaining to the Electro Fuse and Power Fuse, they have used the EnerJel and love it. Most all the collegiate tournaments are 36 holes on the first day followed by a 18 hole day. The 36 hole day is a grind both mentally and phyically, hopefully the Fuse products will keep their bodies replenished and minds focused.
Just added another 25k shares today, will be adding more again next week, and every week there after. Hopefully someday I can complete with the 1.3 million shares owned by bgrass.
Peace
Hello board, i am LONG Fuse. I have been following this board since March 2012.
I am a novice investor and have learned much from this board over the past 11 months. Thanks for all your informative posts.
On a side note my son will be graduate college this spring and will enter into the golf world as an Assistant PGA professional as well as continue in his pursuit of playing professionally at the top level. He had the privildge of attending the PGA merchandise show in Orlando at the end of last month. Seen the Fuse POS display and asked questions about Fuse to many of the other merchandise booth representatives. The majority knew about Fuse and many own shares. Like the rest of us they are waiting for the Fuse to utilize Tiger, once that happens they as am I are confident this goes from the pink sheets to real dollars, not in weeks but in days.
The pharma deals will take time and if proved successful takes this to a whole different level. As for now, I am more than confident putting my money on Mr. Woods, the power of his name and endorsement of this company.
Once again thanks for the education. I will continue to be following, and posting when i think i can add some value.
Peace from the Heartland (Iowa)
On February 7 2012 Hudson Bay and Sander Gerber went into agreement with Fuse, at that time there where 114,728,501 outstanding shares. Fuse's last SEC filing stated their outstanging shares at over 181 million, the additional shares led to the decrease in the overall percentage of Hudson Bay and Mr. Gerber holdings. Information from the SEC Filing March 29 2012 on the Fuse Science SEC fiings reports.
Are they selling or is there now more outstanding shares? lowering their pecentage in the company to less than the 5%?