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Good question. Impatience is a sad thing in investing. Into stronger hands those shares go.
Getting impatient apparently. And that is where the bid is for a large out. This is bottom though we have support here at the 200. News any day and we are back in 3s or higher
It is just general sector momentum. Similar to the alternative "Green" energy sector when Obama was elected. Not all of those companies had a chance of seeing a dime from it, but it was good for the sector in general. I don't personally believe GRNH will run quite like a couple of the others, but the momentum should definitely carry us into profits. This is such a tight float, with any interest and volume we should see some big moves. JMO
A slap 21% above the close hardly seems like a dump...
So much whining and negative talk on all the mmj boards, but I don't think anyone can deny if we pass in even one state none of these would be a bad play. I believe a couple in particular will be to the moon, but there won't be losses on any of these plays imo with passing in 1 or 2 states.
Yeah it has been SO hard for people to get out of this stock with ONLY 150 million shares trading since the suspension. Must be SO hard for us to cope with.
I am thinking maybe they are waiting till post-elections so the news lands rather than being brushed over by all the attention the elections will be getting.
Couple of ask slaps and we are off
Gentlemen start your engines. Feeling good about this week! Call it wishful thinking but I think we see some big news with election week and all. We are due!
There aren't many better buys than this right now. People get so discouraged by red days after so many green ones it is kind of sad. I feel bad for anyone who sold before tuesday, every stock in this sector will see positive results from the elections imo.
Good to hear from you doog! Hope all is well. Still churning
Yes sir, maybe even a Veteran's Day present! Haha. Judging by the previous 4 months, seems me never go more than 2 weeks without news. Given the storm and all I expect something next monday/tuesday
Getting a little impatient eh? haha. The market was closed for 2 days and we got our last PR just 12 days ago, as Bigz and I said, something is brewing for sure. November will be a BIG month for LGBS. Filings possibly coming in December, news of the testing results. Tight float in longs hands. Everything is pointing to the run coming. Jmo
Yes, I suspect you are correct in that. The nice thing to see is some sideways trading on low volume, bid whacking appears to have dried up. I think people finally realize this can go places. The storm was sad to see but should bode well for the energy sector and efficient devices such as the chargers LGBS is producing.
How goes it Mr. Bigz?
Morning team, big week ahead imo
Fox Petroleum, Inc. is a Nevada corporation based in New York
Seems kind of obvious to me.
Should be any time, month is almost over and the company seems to update about every couple of weeks, could be any day now.
Right now a derivative shareholder lawsuit is looking a lot more likely than a class action lawsuit ; )
My point is that I fail to see how him not being in that office is a guarantee that he did anything fraudulent? He likely opened that office simply to have a main office and address for legitimate business purposes. Given how much he travels, the fact that they don't produce anything out of that office and that most pinks are operated out of someones basement I just don't really see this as the nail in the coffin. If I could do my work from a cell phone, lap top and airplane/car, I would never go into a physical office location.
Yes sir, we have been brought down now several times from .0032 to .0025 and lower on tiny less than $100 trades, there is just not much going on at the lower levels. There was some nice accumulation in the 2s though so whoever lost interest is gone and now we have a strongg crew.
And what legal action might that be? That he doesn't use his office there?
I agree and am not saying I wish Jeff would have done that. However, his story, whether true or false, is very believable to anyone who has worked with any government agency before and coincides with some of the brief emails heard from Jeff around the time of the original suspension and in the post suspension PR.
Agreed! And hate to be a broken record, but I would be surprised if we don't get another PR early next week.
That is in no way true. Read the blog written by MIK* CEO. It is very possible that the companies were suspended without warning.
You forgot to put the part in where he also stabbed someone to death...seriously, if you are going to repost what was said by the SEC, then please post it correctly. "Questions arose" that is not a definitive statement.
~110 million traded since the suspension...sounds like plenty of bid to me.
Well I did get a response from them for a shareholder inquiry this morning. It was a general reply by letter but it is nice that they continue to communicate with shareholders and in a timely manner
Everyone waiting on news. This thing is wound tight.
I am a little confused Think or Swim. You are an intelligent fellow and did a large amount of DD before your investment in KMAG IIRC, but the instant we were suspended you did a 180. Do you really doubt all of your DD so much as to believe the SEC is perfect in their convictions?
Good post and dead on. Insider trading is probably the most difficult thing in the stock world to prove. Martha Stewart wasn't even convicted of it, but rather obstruction of justice and fraud.
It takes longer than 4 weeks...
Shouldn't be long now. The company has been very consistent with PRing, definitely should see a good one by EOM. "With the conclusion of the agreement Legends will provide the testing company the MFCC and begin performance testing right away with the results expected to be completed by mid October."
Once again...it is not correct to include shares that HAVE NOT BEEN CONVERTED YET. That is where your whole theory falls apart, Jeff would have to file to increase the A/S again (which he just recently decreased) to convert anymore shares, that was the whole point of taking a power position with the shares he did convert.
Good post and I agree, thank you for the rational thinking.
Yeah you are correct, my assumption was just based off of the spike in volume at bid levels. Could be coincidental.
I agree doog, unfortunate that they ran out of patience but I believe we will be rewarded. I don't love this pps but I do love this volume, people are indeed interested and wouldn't be buying if they didnt believe a run was on the horizon. The thing I feel most confident about is that this is a very real company with great products not just some P&D.
Yep, some aren't patient though, new holders will take their place, it would just be nice if they were respectful enough to not bid whack the crap out of it. This stock is in no way at true value, once we get some solid news from the company we will be off. They have a huge incentive to drive price up since they can start diluting if they choose after filing for the fourth quarter.
Interestingly enough it seems certain large holders are no longer posting here.
There is a lot of interest, just seems like a lot of spectators. We are about due for some news from the company and I have a feeling that will be the catalyst to get people off the sidelines and in the game. Technically it doesn't get much better, like you said, we just need the volume.