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Lol. Weren't you pumping this a year ago?
Lol. I can tell you what's not up.......this stock. It reverse split, and really would be at .008. Lol
I doubt they will be saying much anymore
I feel bad for everyone that thought they were gonna have 10-20 stores by this time.
You're right it's everyone's choice. But the chances are that a price increase to 18$ per share is highly unlikely. So your betting against the odds. I was in this stock back when it was csey. Probably 5-6 years ago. The problem is the management. Say what you want about their backgrounds, but they have not produced anything significant. They know nothing about social media.
The definition of insanity is doing the same thing over and over, but expecting different results.
That is to say you're expecting the same management to do something they haven't done to date!
This company has very little to offer. They did nothing with it when it was csey and continue to do nothing. This thing will be lucky to get any traction. You're dreaming, and misleading people, by suggesting this could be over a few bucks. Lol. What's the earnings per share for the companies that are at $18 pps?? Pumpers. You guys mess everything up for actual investors.
10:1 reverse is dumb. Shoulda done 3:1 at the most. Although splits in either direction are strictly for psychological benefits for appearing stronger(reverse split), or more of a bargain(forward split). We shall see what happens. Could be decent for new investors, but sucks for current investors who would need pps over $1.00 just to recoup their investment. Lol
Just the way it goes. MM's gotta move shares.
They're all profitable til they file bankruptcy
Haha. That's why everything I've said has happened. While everyone like yourself (aka pumpers) were saying, "expect to see .15 cents", or "just talked to a sales rep, who said expect big things in the future", and none of that happened. So go ahead and fluff up your stocks. I'll sit back and give people real advice!
While iron ore isn't worth as much as precious metals, it is far more abundant, so I believe it is still relevant to any mines prosperity. Imho
Copper isn't an ore??? Lol
I'm not saying the company is bad, obviously metals are worth money, but it is going to be tough to start one now. Plus interest rates are probably going up soon. So to borrow additional capital will be more expensive.
Haha. So explain what you know!
Three mines have been idled, and one filed bankruptcy. The economy just won't support it at the moment.
For metals; demand and price are both down
I'm just being honest. I'm just presenting opinions based on proven facts. Not hype based on hopes and dreams. This thing could get online, but it's going to be an uphill battle.
"Good things to come", doesn't mean much.
This could have been a viable project when it first started. Now with the price of metals falling, and plm's surmounting debt, the odds are against them. Not to mention their product could have a lot more value if they were to sell a higher grade product, as opposed to liquid form. The state has been against them the whole time, and with many mines filing bankruptcy and idling plants in northern Minnesota, it's going to be an uphill battle on many fronts. I'd like to hear what positive upsides there may be to starting a plant like this during these times?
But the final product will be aqueous solutions. Which is less valuable to the end user.
Unfortunately they aren't making solid metal products. Only secondary products in solution, that do not have as much value added, especially with metal prices at their current level.
They have NOT posted financials....is what I meant to say.
There are some things that are for sure. They have posted any financials on time. They aren't adhering to (or updating for that matter) their financial projections. They have been around for over a year. None of the current "franchisees" are bringing in any money at all.
Things are heating up here, boys. Lol
The pps doesn't make it a bargain.
How many small bets do you need to put out until one hits?
The problem is that over time, especially in penny stocks, 99.9% go to nothing, probably simply for the fact they are mostly scam companies looking to P&D. Lexg, csey, ntek, pspw, mjna, atig, vrni, etc. etc. If anyone doesn't have the emotional detachment, you shouldn't be in stocks. You should be in bonds, maybe mutual funds. And if you've only got a few hundred bucks, pay some bills early, it'll work better in the end.
Agreed, another vague statement. Real businesses deal in specifics. I feel bad for the sales reps, as they won't be seeing commissions for a while!
Absolutely not. Do not hold for long term ANY penny stock. You're betting against the grain of the MMs. At these prices there should be 5-10M shares trading if there is any validity. And trade into potential good news.
Not "virtually" all, definitely all, all. Every financial projection used the full 20% of revenue and $2,000,000 per store. Also, I thought the fee was $25k per store. What's with the $50k franchise fee?
Exactly. Didn't we question this early on? Lol
So 20% of revenue isn't the current model?
My biggest issue is the 20% of revenues they take. That's too much for middle man fees. It's coming off the wrong end. They should have a fee for each service, vs all or nothing.
Full rec has wayyyyy more taxing tho
Don't you think you'll do better in the long run playing a short term approach vs hoping for a lottery ticket? What % do you like to make before exiting penny stocks?
I see it like this: if a store is successful already, why would they want to rebrand and give up 20% of revenue?
Exactly!!
Investing is about hype only, when it comes to penny stocks. Show me how that's off basis or uncredited.
Nearly every MJ stock is down from the time Obama deregulated it in 2013-2014. Mjna, phot, cbds, etc.
http://www.marketwatch.com/story/why-its-still-dumb-to-invest-in-marijuana-related-penny-stocks-2015-03-24
The problem is that mmj has already been deregulated by pres. Obama. So there's no hype left. Just like alternative energy, otc stocks, soared five plus years ago. But now they are all down. In five years, maybe, big tobacco will start pushing, aka lobbying, for it to be a regulated substance, like alcohol and tobacco are now. That's the next big step. Till then there's no gun powder behind the shot.
Yeah but does insurance pay for mmj?