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When will this officially be declared worthless? Yes I actually have a small position from years ago and just want to dump it to take the loss. Looks like I am in zombieland here. Anybody know anything at all on what is going on? I guess I could file in my taxes and try to justify it as worthless but want to find out anything I can first. Thanks!
Add in those short term capital gains taxes and you made a whopping $70 for taking such a big chance on a POS penny stock. I made a killing here last year when I really believed in the weed movement/momentum as well as the company. Averaged in .10 before we hit the big 1.40. Paying taxes on all those gains now -ouch! I still check back every once in a while out of curiosity but my hunch to sell was correct. This turned into the typical penny dilution turd. Just my opinion...good luck!
DJ TSX to Delist San Gold on Jan. 28 for Failure to Meet Listing Requirements
Took a chance to see if gold would come back before these guys went belly up. I was wrong. Lands gotta be worth something but unfortunately creditors get anything of value and all shareholders get is the shaft (mine pun intended)!
New life -let's get this thing propped back up! Now if only the POG would cooperate...
Investing 101 says for me to take my losses and at least limp away w/ something but this is my gold hedge for long term and I am prepared to go the distance. I just hope these guys can stay afloat and not go bankrupt before the POG goes up. Hey, the land has to be worth something at least. Blah...
Sell Mortimer sell! Get back in there and sell! Turn those machines back on, turn those machines back on!
Lasermymcig is not part of Mcig correct? Would actually be a nice addon to customize one when you place your order as part of the main si. Price should be no more than another $6-7 imo.
It's been looking real bad lately. I had to bail. Made some good cash but man am I kicking myself for not getting out @ 1.40. I just got too greedy and thought this was going to pay the house off. What happens to greedy little pigs?....they always get slaughtered, especially in the POS penny space. Ugh.
I will jump back in when the conditions are right.
Been riding free shares for months. I'm out. Can't watch the profit evaporate like this even if it is only funny money.
Maybe I'll be back in single digits and if circumstances change. Sux...
I jumped in today with some shares. I'm in NY and they opened one up in a very hispanic area. Seems to do well and the food is pretty good. Reminds me of Breaking bad...
Did not expect the dump to happen right out of the gate...
Cant make the open house so I appreciate any photos. Holding almost a year. Loooooong TRTC!
Of course. Wasn't trying to be a troll, just calling it the way I see it. I see too many roadblocks w Mcig stock IMO. Good luck.
Except that the Mcig doesn't really work that well. Weak hits at best. You get what you pay for. Vcig seems a novel idea and will be great until the news report shows some cancerous compound being ingested. Who knows...
I am almost a year long holder so I don't pay attention to these swings since the tax hit equals the gain/loss on short term. You know this is going back up after Q1 revs. People love to panic. Good opportunity to pick some more up.
TRTC is going to pay off my mortgage. Early retirement here I come...
True. I was not talking IRA or any sort of retirement. This type of micro high spec investing should not be part of a core retirement program IMO. This is fun money you can afford to lose (not that we ever want that to happen). Thx
Been here almost a year. Finally sold my original investment in the .60's so riding free shares now (avg .06). I didnt want to do that since I feel positive that this could be a life changing stock but you have to be smart about it. I think people who are really long need to consider the tax benefits of waiting a year as well. That is some big money to leave on the table when you know this stock is just going to keep climbing (assuming no stupid penny stock antics). This is a real biz with real assets not just paper shell garbage.
Long TRTC!
Diego Pellicer, eat your heart out! Nice to know that Dereck is laying plans on that front and will not be outflanked by a media blitz on the DP brand (assuming it ever really gets off the ground). Long TRTC!!!!
I'm with you. This is going to pay off my mortgage...
Cramer does not touch penny stocks and usually nothing under $10 per share. He has said this countless times.
My .02 is that TRTC is setup to be one of those candidates. Dilution? Sure but we see tangible results via the 5 acre facility coming on line which should bring in REAL financial results. Some more strategic moves and a grow license would really capitalize on "first mover" momentum in terms of public companies and really gain that "mind share" that MJNA had. I don't think people realize how much private venture money is out there and it is all competition...
You too. Nice to see a day where the bleeding stopped for a bit. Unfortunately projections still looking not that great for Gold in 2014 but you never know with this metal. This was my gold hedge so although I am down, I will just continue to wait it out another year if I have to. The claims these guys have are producers so we just need to wait for the price to go back up.
Unfortunately a lot of people have bailed and the volume and activity show it. Even that guy "Blue" why brought a lot of people into this stock a few months ago does not hold it anymore. It's a legit outfit which is good and I think they have the resources to hunker down and wait it out. Good thing I don't need the $ right now...
Me thinks we are going below the 52w low here in the next week or two. Buckle down and ride the storm out peeps. Gold will have it's day again and this outfit luckily has enough reserves and potential to ride it out. Tough to watch though if you need the money anytime soon. Bleah...
Tripp was their Poster-boy through Dixie and now even he is saying fraud. If it looks like a duck...
I see it as dilution which is never good. It looks like they are hunkering down and preparing for the future when things turn around. They let some exploration options expire which I can understand since it isn't that profitable with the current price and near-term expectations of gold. Good time to average down but I'm done with that for now. Oh well, I'll check back in a few months...
Holding long for the next run (whenever that will be). Company is solid and not going anywhere so plenty of resources to weather the downturn. Should I have bailed when we made it back to .19 recently? Sure, would have been a good flip but I am down too much to take the hit so best to just sit tight. Just hate to have dead money lying around. Gold will always come back, just might take a while...
10Q looking good for future. Hopefully people read it and see that this is a real start-up company with great potential. Not your typical shell/dilution machine. Sure as a young co they need $ to cover expenses but they are gaining traction. If i didn't see that I would have bailed a while ago.
I'm really looking forward to the first crop once the new facility opens. I think pps will start rising big time in the coming months. :)
Because there is almost no volume on this side if the TSX. Sell 10K shares and watch it sink, buy them back and watch it pop. This stock will only pay off when Gold gets out of it's current funk. This is a looooong bet that the future of gold will see those levels again. Short term is not looking good for gold so maybe in a another year or so. The good news is that this is a solid outfit that has enough resources to weather the downturn and will certainly be around for the bounce.
.51? Damnnnnnn....we can only dream it ever gets to that again. That was when the whole sector was exploding. How things change.
San Gold Announces High Grade Drill Results at Depth
http://finance.yahoo.com/news/san-gold-announces-high-grade-130000146.html
Marijuana Market Poised To Grow Faster Than Smartphones
http://www.huffingtonpost.com/2013/11/04/marijuana-market_n_4209874.html?ref=topbar
Seems to be stable after 2 days. I got in and out on Thursday for a quick 10% flip. Keeping an eye on it now since it does have the possibility to breakout in the coming months IMO.
I already did that twice and yet still down 30%. Not going to keep throwing good $ after bad. This stock continues to frustrate but I am holding out for results once the facility is finished and it is up and working (next year). Taxable gains will be cheaper for me by then but hopefully the PPS won't be .02. Ugh....
Was an awesome play yesterday if you got in at the early buzz but looks the party is over. Glad I was disciplined not to chase this morning...
I was sooo close to pulling the trigger this morning for a taste and then got spooked just before the mouse click. Lost out an an easy couple of grand. Oh well, there's always the next one. GLTA!
I like the transparency and CEO as well. I also like the "simplicity" of the biz model unlike all these other pot plays (crazy shells with a gazillion sub-brands and companies). I just think you can't compete with a Chinese factory cranking these things out. There isn't even a patent to at least cry foul. If it hits, I see a ton of these on the counter of every convenience store but not with the mCig logo. Hey, I just bought the $49+ iPhone HDMI adapter on ebay for like $3 with shipping! Crazy knock off but it works and they still make money...
Staying away for now but if I was in, I would take my profits as soon as it gains traction. JMO so good luck!
I bought one and it seems an OK product but there is nothing stopping a gazillion chinese knock-offs if this starts to gain traction. Seems the only play is to hope it pops to that point then get out before the clones come out. I doubt there would be much brand loyalty or quality difference.
I follow your comments and i would be curious about your opinion on TRTC as well (although I suspect you dont have one since the volume is not there yet)