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I wonder whether he really did go to Harvard ? Who in the right mind propose R/S 1:50 when stock trading at 6 cent, hardly any proven growth and dreaming about Nasdaq? Why can't he focus on organic growth first bring stock price above .40 cent and then do R/S.1:10. Nasdaq is good for super growth companies and not for stagnant companies.
I hope not. I think they should have waited until it reaches .40c on its own before doing R/S. Then it should have been okay. But R/S at this level, existing shareholders are fked.
Why not just figure out why the current shares are not valued appropriately
All MJ stocks including MSO's are in bearish mode. May be investors are focused on S&P/Nasdaq which is doing very well and no federal legalization is in sight. Also, Surna hasn't proved as hyper growth company yet even after few years in the business. If they double sales very qtr, share price will be above $4 by itself, without R/S.
They can do one thing - insiders should buy back some shares to show confidence in the company.
Other ancillary stocks if you are interested - AGFY,HYFM,GRWG,UGRO
Are you saying company should buy back shares ? I don't think they have enough cash to do that. Best thing to do is exponential sales growth every qtr. Stock price will correct itself.
Another big contract news.
Thanks. Post it here your findings. Coinbase, for example, did add their BTC holdings in IPO price and indicated BTC price fluctuation as one of the risk factors.
Interesting...can be largest IPO in the history. Will that affect XRP price or XRP price at that point affects IPO ? If XRP goes to $10 before IPO that itself makes $500B mkt cap or more for Ripple assuming they still hold 50B XRP. If they sell 1B xrp, then $10B revenue per month. Probably it doesn't work that way. I am not sure. Tesla earning report did show BTC sales contributed to profitability.
Nasdaq listing probably helps the stock. I was looking at another ticker listed on Nasdaq CLVR which had ~13M revenue in 2020 and mkt cap is $270M(20 times). Even if SRNA makes $15m sales this year, 10x =$150M mkt cap . Almost 10times from this level. OTC definitely sucks.
Not sure about your intention but this is $100 stock easily. Growing, profitable what else you expect ?
I haven't voted yet. Will wait until next qtr results. I'm leaning towards voting 'NO' for R/S. The only reason being, historically, most of the stocks got crushed after R/S. This could be exception but you never know...
Can you share reasons ? Trying to understand how someone can make money on this unless they timed perfectly.
Remember:
"Bulls make money, bears make money, and pigs get slaughtered."
Asset buying/selling is not gambling but calculated risk/reward action. I'm with you on the bloated market but SQQQ is not the right choice. Earning season is here. All the tech stocks are going to report blow out qtr and end less dollar printing.TQQQ is going to fly. SQQQ may pop up one day and then go down straight 4 days. Best time to buy is mid of May or June. Or buy TQQQ June put options. That's what I did after losing big on sqqq. Never touch this again.
Yeah, I learned it hard way. Got burned in last few weeks. But I'm going to buy all I can put options on TQQQ, UPRO, UDOW expiring in few months down the line.
Stock market likely going to crash sometime this year but holding SQQQ is risky . Just wait for bear market to start. Most likely after earning season .
I added as well. Surprised by decline in spite of great industry news and financial results.
Yep. This whole plan does smell like stock price enrichment scheme rather than business growth plan. I don't think getting capital is that difficult under the current circumstances if they have good business plan.
Check out another ticker - LEXX. What R/S, NASDAQ listing did to the stock price.
Correct. This has been a disastrous stock from the beginning. Just can not digest the fact that they have not been able to generate $25M annual sales while MJ sector grown exponentially in the last 5 years. Well, I can not blame the company but myself getting into this.
R/S in no way make money faster or profit exponentially higher.
Dollar gain/loss will be same as pre-split if the stocks move 10% up or down.
John,
Not sure if these meet your criteria but like to see your opinion on
1. Hydrofarm Holdings Group Inc NASDAQ: HYFM
2. Innovative Industrial Properties Inc NYSE: IIPR
Thanks.
Thanks for breaking down the numbers. I'm not worried about their last qtr results. More interested in backlogs and any future guidance they may provide
Not sure by end of next week but have a good feeling .40 - .60 in next 6 months. We need more consistent volume though.
Right. Absolutely.
This is not the stock you want it to be in your 401k but kind of volume we seen so far looks like big run coming. Just ride the herd mentality and enjoy the ride. Who cares whether it is scam or not . If you look at that way, everything looks scam to me - dollar printing machine, crypto, derivative markets etc..
Good list.
I hold bunch of other penny stocks but largest holding are in this order
TCNNF
HRVSF
CRLBF
SRNA
GRWG
CURLF
CVSI
JUSHF
ITHUF
CNTTQ(Canada ) - wild random bet.
GTBIF - Was it in my watch list always.Missed it. Should have added long time back.
It's risk vs reward. Depends on how much risk you can take and how long you can wait. Case is against Ripple not against XRP. Long term use case for XRP remains intact. However, since trading is stopped in US, it is difficult to go up significantly for some time. If BTC goes to 100k or Eth to 5k you will regret not buying those. IMHO
My XRP money turned into almost 10 times within 2 months by another token. Now I can buy more XRP when case settles.
What meant Garlinglouse and Larsen being greedy since SEC asked pay fine for their personal sales. I do support need for a SEC clarify on crypto. However, I do not see how court or SEC can allow a company to sell tokens to build their company. What if company becomes multi billion dollar company 100% owned by insiders and tokens go to zero ? It is not that simple case here. I will just wait and watch. Keep funds to be ready when XRP starts trading again and take off. Until then park the money in safe coins, transfer to nexo, earn 5% interest.
Understood.
It seems to me that SEC gave options to settle in earlier days Ripple being greedy, refused. Because Garlinghouse initiallly tweeted that they had option to settle but didn't do it. Ripple tried to negotiate in last minute and SEC refused. Now in the court.
I think Ripple should have settled the case somehow even if they had to pay fine and losing authority to sell some of their remaining XRP. There is no way court or SEC to allow Ripple to sell XRP to build their company. I initially bought XRP thinking that Ripple's success will drive the price of XRP. May be others also thought the same. What I didn't know that may be interpreted as investment contract under Howey's test. Ripple's own public statements added details for SEC to file a case. I still think XRP will survive and prosper but Ripple's future is uncertain.
Real winner in this whole thing is Jed Mccaleb, sitting on 4B+ XRP and no SEC case.
Thought they tried to negotiate...
Q: Why didn’t Ripple settle with the SEC?
— Brad Garlinghouse (@bgarlinghouse) January 7, 2021
Can’t get into specifics, but know we tried - and will continue to try w/ the new administration - to resolve this in a way so the XRP community can continue innovating, consumers are protected and orderly markets are preserved. 2/10
Curious thing about this is amount is so small and why.
I'm sure they receive some down payment when they sign new contracts.
How is that 155 trillion a year remittances happening now ?
As of January 6, 2021, there was $2.04 trillion worth of Federal Reserve notes in circulation.
https://www.federalreserve.gov/faqs/currency_12773.htm
155 Trillion remittance doesn't happen in a single transaction instead million/billion smaller transactions reusing same XRP/Dollar for example. Ripple claims transactions completes 3-5 seconds. Point is you don't need $155T worth of XRP to do $155T remittance.
There is an excellent post on reddit for you to understand circulating money vs transactional money
"
Seems like people should talk how much global money they think will go into xrp.. for reference the global supply of USD is around 1.6 trillion, which is an incredible amount of money. If xrp grew to replace the US dollar over 10 years (and that isn't likely to happen) and at the same time all the xrp came out of escrow it would be $16 bucks.
1,600,000,000,000 (amount of USD in circulation) / 100,000,000,000 (number of XRP) = $16.
So I think people should be more realistic with their moon numbers. And remember, that even if there are $100 trillion in transactions a year with XRP, that doesn't mean that the value of money going into xrp is 100 trillion, and that by the math above XRP becomes 1000. Because you don't need supply of money/currency to equal total value of transactions since 1 xrp, or dollar, can be reused many many times in just a single day. So $2.5 it seems to me would be a great long number showing excellent growth of XRP.
"
https://www.reddit.com/r/XRP/comments/7kwp54/is_ripple_going_to_worth_1000_within_3_years/
LOL...
Yep, I agree. For whatever reason, market is ignoring this.
Yep. Adding every pull back. If Eth 2.0 and DeFi takes off this token is real deal. Will hold this at least until 2022
Looking at the current boom of the DeFi space, we can see how important it is for developers to be able to freely access blockchain data. Making the process faster and less difficult for everyone could potentially influence the growth of the space as well as its reliability, security, and capacity
https://boxmining.com/the-graph-grt/