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NOT!
PHOT could easily go to RSI of 90 before pullback. On the last run the RSI was above 70 for a week and then pull back after Sessions made his famous speech. Regardless I am holding my shares. I did not expect this to run this early, but a lot catalyst are being announced each day. PHOT will be between a nickel and a dime when Canada comes on line. I think that behind the scenes, the FEDs are trying to determine the MJ excise tax. Federal cigarette tax is $1.01 per pack and MJ will be taxed by the ounce.
RSI sitting at 74
PHOT not too long ago was on the grey market. To me, PHOT is in the start up phase. Revenue will grow exponentially with all the catalyst going forward. Now is the time to be in PHOT. No one really knows how to value these companies because the industry is new and when restrictions are lifted, revenues will definitely increase. Until then, you have to pick an entry. You cannot compare 2014 to 2018 (industry and catalyst wise).
BTW, what about $$GWPH$$ revenues of $64 and MC at $3.8B???
Also, $$$AMZN$$ $511 thousand of revenues during 1995. Everybody thought their MC was also overvalued at the time.
Welcome to the board! What criteria do you base your assessment of PHOT overvaluation?
BTW, do you think $$GWPH$$ is overvalued? $64M in revenue and $3.8B MC??
PHOT is a definitely a long term hold. This green rush reminds me of the DOTCOM days. There will be a lot of money made regardless of intrinsic valuations. Congrats to all who have made money (on paper) by holding and to those that have made money by flipping.
Thirty three more pennies (.33) before the next reverse split countdown begins. Reverse split, dilute, rinse, repeat...
Only one way to make money on HMPQ. Sell now, buy back 10000000M shares at .0001 and wait for the next pump and sell those shares fora profit. The mini vest ever is the last ditch effort to get money out of this ticker ($20,000,000) to be exact.
The HMPQ scenario has been played too many times. Let the ticker go up, promote the hell out if, do a little work (buy some equipment, build a little building, do a little work and let the whole thing fail. In essence, spend several hundred thousand dollars for millions in profit. If you want another example of this scheme, look at $MELY$. I will throw $1000 at this and wait until the next pump when they come up with a new idea. These companies create scams based on whatever is is hot. Bitcon, MJ, you get the idea.
CE was placed on this ticker for a reason. It also remains there for a reason.
The past is the future! The future was suppose when FDA products were approved. They have all been approved and guess what, no one is really buying them. Just think, any company could buy AMDA for 100% premium of $2.78 a share at $11.80M. That is chump change for many companies. If the products were that great, why hasn't anyone snapped up this company? Because no is interested in their products. You are a great debater, but you cannot debate falling sales and diminishing share price. The market has spoken and it is saying, "no thanks, I'll pass." Since IPO $1100 to $1.39 ridiculous.
Keep adding and keep losing money. No one in their right mind would continue to add to a losing position. There is no safe way to play this issue or to make money on AMDA. Reverse split dilute, rinse, repeat and continue. SP now .115 cents pre split. Market cap $5.9M. Rigged or not, the market does not care about AMDA.
Here is stock price history since 2014 and this is really pathetic. How can anyone support such a losing ticker? Split adjusted from $80.85 a share to $1.39. Sonny keeps getting paid, the toxic financiers keep getting paid, but the shareholders, not so much.
Start date: 02/13/2014
End date: 04/03/2018
Start price/share: $80.85
End price/share: $1.39
This is just a 4 year snapshot.
If the market is rigged??? How can you or anyone argue anything??? All points are moot! All research by a certain poster is moot. With your thinking, everything anyone says is void and meaningless????? That is your argument? Come on man....
My point was that the poster was relying on the AMDA's loss carryover of $200M to help rationalize a higher share price if the there is a merger buyout. All the DNDN shareholders were also relying a higher SP because of the loss carryover. That did not happen. AMDA's SP price reflects their value. If there is a buyout/merger, there will not be a big increase in SP. They are also similar to DNDN because they let the market catch up to them and other competitors are taking market share from AMDA. In my opinion, the market opportunities have sailed vis a vis AMDA IP. This stock has so much debt that it will continue to dilute and reverse split. No one that currently owns shares is making money on this stock. Good luck to those "who continue to add at these levels."
Having the CE removed is all up to HMPQ Management...The CE is there and will remain there until HMPQ addresses the OTC inquiry. So if HMPQ never addresses the questions, the CE will remain forever. You guys should be contacting HMPQ and get them to respond to the inquiry.
"The difference between having a skull and crossbones for a few days or forever comes down to whether an Issuer respects the process enough to respond properly. Hoping it will go away doesn’t work. Management hiding their heads in the sand won’t remove it.
It is not the goal of the SEC, OTC Markets or any other organization to blacklist companies for life; those with good management and transparent numbers, that take the time and demonstrate good faith by cooperating fully are often rewarded quickly. There is nothing to lose by responding and Shareholders have a lot to gain if the stock can start trading again.
Even if there was a legitimate public interest concern which caused the Caveat Emptor warning, once the Issuer takes affirmative steps to address past problems, it can distance itself from bad actors or past mistakes. This process is all about disclosure, and more transparency is always better for both Management and Shareholders."
I would not look at carryover losses as an asset in a sale or merger. All you have to do is look at the acquisition of Dendreon (DNDN) for some insight.
June 2014 Dendreon's balance sheet is a mess. Per the first quarter, the company reported a net loss of $36.4 million, or $0.24 per share. While Dendreon's cost-cutting measures have helped to shrink this net loss by a substantial 50% year over year, you should keep in mind that the company now has an accumulated deficit of $2.3 billion.
Feb 2015
A bankruptcy judge Friday approved the sale of the assets of Dendreon Corp. , a troubled cancer drug maker, to Valeant Pharmaceuticals International Inc. VRX +0.19% for $495 million.
Everyone in that stock thought they would at least get the value of the tax deficit. DNDN was trading at a low level prior to the announcement of the acquisition. However, the SP did not move up after the acquisition was completed. People lost a lot of money believing the tax writes were going to save their investments.
Accumulated deficit equaled $2.3B
Acquisition total 495M
Good luck with AMDA. The stock trades at this low price for a reason...that is all the company is worth.
COPIED FROM ANOTHER BOARD
This may be why all MJ stocks were up on Friday afternoon. Next week will be interesting!
BREAKING NEWS
WASHINGTON -- Federal prosecutors won't take on small-time marijuana cases, despite the Justice Department's decision to lift an Obama-era policy that discouraged U.S. authorities from cracking down on the pot trade in states where the drug is legal, Attorney General Jeff Sessions said Saturday. Federal law enforcement lacks the resources to take on "routine cases" and will continue to focus on drug gangs and larger conspiracies, Sessions said, speaking at a Federalist Society event in Washington, D.C.
https://www.cbsnews.com/news/jeff-sessions-doj-prosecutors-will-not-pursue-small-marijuana-cases/
sssshhh...let's not tell everyone. You don't want the line to be too long. PHOT$$$$
AMDA=Dilute, reverse split, dilute, reverse split. Hard for shareholders or traders to make money when AMDA continuously goes down. However, management and toxic debt holders seem to be doing ok. They keep getting paid. I am going to go out on a limb and predict there will be at least one reverse split again this year, 2018, when the SP price falls below $1.
I predict a close of .019....
MJ vs alcohol study reveals shocking results that alcohol causes structural damage to the brain while marijuana does not....shocker!
https://www.yahoo.com/lifestyle/smoking-pot-easier-brain-drinking-alcohol-212923850.html
.019 close three days in a row. Has anyone seen this type of action before on PHOT or any other issue? Seems to be odd...
That is because your broker is protecting you from potential losses. You should call and thank them. Seriously.
Please read this filing. After reading, let me know what you think about HMPQ.
https://seekingalpha.com/filing/3866187
Please notice the date of the filing.
The first thing you need to know and read is that HMPQ has 2 employees. Guess who they are? The other thing you needed to know about this company is the "CE Mark." For newbies, next time you see the skull and crossbones flying high on a OTC issue, sell first and ask questions later. Peeps saying "CE Mark" was all about volume????? Now you know who sold all those shares on that huge volume day.
Good luck to those holding.
Thanks. I think there will be a lot news released between now and the July event and PHOT SP will see sustainability around this .02 area and then there will be a substantial run to the July event. If however, PHOT announces better financing and/or cancelation of shares and a reduction of O/S, all bets are off and there will be a lot of people will be chasing.
So signing deals (like the recent contract with Denver, Colorado-based Green Man Cannabis and opening a store in Canada and conducting other business activities are in reality designed to encourage people to buy diluted shares? Did Marco bring PHOT back to life just to dilute and make more money diluting than making money conducting actual business?
So you think PHOT will make more money printing shares than in their actual business execution? Do you think this is the basic premise of pink sheet stocks? Come up with a good idea, do a little business and do a whole lot of selling shares?
Billy, do you see a time when PHOT can become self sufficient or do you think dilution and toxic financing will be perpetual?
Buy volume 9,048 Sell volume 36,969 No manipulation, just plain ole selling.
BTW, the MM threw that T-Trade of 417 shares at $3. Sneaky, sneaky and deceiving.
The price action does not say...M/A activity. The price action indicates bad news is coming. If there is any dilution, AMDA goes below $2. This company has great products, but horrible management. BTW, pre split price is down to .21. Just my observations and opinion. Good luck to those holding and waiting and waiting.
I would not kick myself if I missed out. I don't trade on the FOMO theory. I would kick myself if I bought at .02, 03, 04, 05 and PHOT went to .008. There will always plenty of opportunites to make money in the market. Again, .012 is what is comfortable for me. Everyone has to pick what is comfortable for them. As far as how high, who knows. Again, i have a price target to sell. After I sell, I won't kick myself if the price continues to rise. The only objective here is to make money and to preserve capital.
.012 is MY price target to start buying. I am comfortable buying at that price and below. I think the absolute low will be .008. So I am comfortable buying between .008 and .012. I don't know if the share price will get there, but those are my targets. BTW, only the lucky people pick the exact bottom to buy or exact the top to sell.
My buy orders start at .012. I will buy some each day PHOT is at .012 or below.
Read my post 6016 and 6017.
Read my post 6016 and 6017.
Do you think an email will assuage your concerns. The id was created today and has only two posts. That should tell you all you need to know. Buy HMPQ at your own risk and do your own DD. Why don't you just visit the company site or have someone that you trust visit? BTW, you do know HMPQ has a CE mark on the OTC site don't you?
Caveat Emptor is Inevitable When Issuers Ignore SEC Inquires
In many cases, the existing Management or prospective Buyers of Caveat Emptor pubic vehicles will discover that the source of the skull and crossbones is a matter easily explained when a securities lawyer takes the time to follow the process.
Another way of looking at a Caveat Emptor is that the skull and crossbones is the inevitable result when an Issuer ignores an SEC inquiry, even if there is nothing whatsoever wrong.
What Does Caveat Emptor or Skull & Crossbones Mean on OTC Markets?
caveat-emptor The Caveat Emptor or “Buyer Beware” warning on OTC Markets means that there is a public interest concern involving the Issuer, its Management or Securities.
Although the skull and crossbones implies that there is something possibly toxic about the stock, and looks scary, it really functions to alert the Issuer to provide documentation requested by a regulatory authority like the SEC in order to clear up what might just be a misunderstanding.
POTN RSI of 85 doesn't bother you???? I will wait and start buying my starter position when RSI goes to a more reasonable level of 65 and below.
MJNA has exceeded POTN. Look at the market cap! I am hoping MJNA drops back down. My price target is around .075 and lower.