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Now that's a great post!
While the revenue number is underwhelming it's important to note that this is the first time I've seen ANY revenue posted in the two years I've been holding shares. This is a turning point for the company. As Greenleaf signs more contracts, the CBD and edible divisions launch, and Autospense (if it becomes MED approved) is accepted as the MJ vending standard I believe we'll be seeing this number continue to grow from this point forward. I'm not very experienced reading these reports but it's curious to note the big jump in R&D costs. As a long term holder here I'm also happy to see the company sticking to it's policy of minimal dilution. Valuations are tough on a developmental company in the red, but even with the sector in it's current slump our two closest competitors have market caps of 4-6x ours. I believe that comes down to awareness, volume, and business execution. If Todd can continue to put together all those puzzle pieces he's been gathering the past few years to become profitable, complete this incredibly drawn out audit, and possibly uplist I don't see anything preventing us from reclaiming the 200ma and slowly chewing back up through the .10-.20 range later this year. This is still a slower longer term investment and lacks the volume of the exciting day trade tickers, but EDXC really needs a greater focus on awareness in my opinion. That being said, it all goes out the window if the sector has another rush. I don't believe .50-1.00 would be out of the question in that case. We should never underestimate the wild movements of these stocks in either direction anytime volume pours in.
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I'm disappointed with the delayed financials as well. In order to reverse this downtrend we need to move up and establish support on the 50ma and begin testing the 200ma. Barring a sector run that's only going to happen with some management follow through. Todd's timelines have been overly optimistic in the past. The company is moving in the right direction, but in order for the PPS to do the same traders and investors must be aware of this. I believe that is the goal of the "Digital Marketing Agreement" announced yesterday. Awareness brings volume and volume should drive price upward as long as Todd accomplishes what he has set out to do. Let's see some progress updates $EDXC
Great DD Ty! If you want to throw that altogether into a post with a bold heading I'll get it up there in the stickies. $EDXC continues to grow a well-rounded business model. This added awareness can only help the cause.
Good luck to you as well. I think we'll all be locking in some nice profits this year and next
Any sources for either of those statements? I.E. what makes EDXC non-compliant and what makes the "competition" compliant?
Nice! Caught someones small 25k whack myself near the end of the day. Just a waiting game for the fireworks to return here. Go $EDXC
Sacramento judge to defense: "Are you asking for rescheduling or decriminalization?"
Defense: "Decrim, your honor."
#Schedule1Sacramento judge to defense: Are you asking for rescheduling or decriminalization? Defense: Decrim, your honor.
— Jeremy Daw (@weed_the_people) February 12, 2015
Great point! The enormous amount of $EDXC shares the CEO himself has held onto through the development phase in this sector is one of the many reasons I'm still holding long.
Fantastic group of investors on this $EDXC board the past two years. Todd's reported shareholder increase seems to confirm what we've been seeing in that A/D line for the past few months. I believe those new to the ticker will find great company in the longs here.
Sounds like Todd knocked it out of the park! Thanks for the awesome summary for those of us who weren't able to watch. This could shape up to be the most exciting quarter for $EDXC yet!
Promising news today for $EDXC although I think the best releases are still yet to come. Right back up to #6 on the breakout boards also.
Imagine if the financials from the last three months continued that impressive turn around that $EDXC finished in September! Looks like Todd continues to deliver for shareholders
Yessir! Hoping for a year of fireworks for $EDXC. Audited and sustainable (i.e. contracted) revenues could prove to be our key determinants for staying power when the sector runs again. I know many here have amassed a boatload of shares over the past couple of years. Our huge return could be lurking just around the corner.
Looks like we may be nearing completion of the elusive audit...with revenues to boot! Our faith in $EDXC appears to be well founded going into the new year
http://www.marketwired.com/press-release/endexx-provides-shareholder-update-2014-2015-otc-pink-edxc-1980863.htm
Endexx Provides Shareholder Update 2014/2015
http://www.marketwired.com/press-release/endexx-provides-shareholder-update-2014-2015-otc-pink-edxc-1980863.htm
Looks like more tax sellers. Got the last of my fills early. Happy New Year $EDXC. Can't wait to see what's in store for 2015
Nice buy! Hoping to pick up another 50k tomorrow here. Big things coming in 2015 for $EDXC!
You're comparing apples and oranges. Shareholders of record is an aggregate of holding entities and you'll find many OTC companies at or near EDXC's range. The beneficial shareholder number of 56,000 you're quoting from the filings is right above the shareholders of record number: 423
Nice attempt though...
So you're considering a completely different product a "logical improvement" that will be covered under a patent that only specifies two regulated products? I don't buy it. I still stand by my belief that this talk of patent infringement will go absolutely nowhere.
What led you to believe that was an indication of interest in the stock? Did you check that same number for the two competing MJ vending machine stocks? I did: 408 and 419
I think there is much more to patent law and interpretation than the simple spin you're providing. You're placing heavy emphasis on overextending the title of the patent to mean any regulated products when the patent specifies "providing a vending machine having an identification card reading device and a finger print scanner, wherein said vending machine vends an age restricted product selected from a group consisting of cigarettes and alcoholic beverages. Whether the patent would hold up or even be worth litigation against an automated beer or cigarette vendor is a reasonable question, but the Autospense subsidiary has already proven more than willing to go up against a heavy hitter in court if the need arises. I don't believe Todd Davis will be too concerned if American Green uses their shareholders' money to bring a frivolous case to court. Just my opinion of course.
Best news we've seen in a long time. Nice clarifications on the current projects. To paraphrase it: "here's why we're the best and should be trading 5 to 10 times higher than we are currently". Go $EDXC
A ton of potential in that chart! A solid business foundation being built over the past couple of years only adds to what we already know we can expect from $EDXC
As always I'm very excited to see what behind the scenes developments will be surfacing from $EDXC as we roll into the new year.
If the MED gives a positive compliance confirmation at the end of the machine pilot, I still firmly believe all eyes will be on $EDXC to become a sector leader.
Great news once again! Todd is hitting this from all angles and building up steam. Let's keep the focus here on the growth and development of $EDXC. Please don't feed the trolls guys
Once again your false statements are going to put us to the break out boards. GO $EDXC!
And we know who's been working on their CBD products don't we?
http://www.marketwired.com/press-release/endexx-to-develop-consumable-cbd-products-pinksheets-edxc-1897600.htm
Go $EDXC
3 locations could mean 2 more easy machine placements in the next few months if the pilot is well received. I'm guessing we'll see much more than that when it gets the MED stamp of approval though.
Machine in CA, machine in CO...looking good $EDXC. Keep it rolling!
The panic sellers of today will be the panic buyers of tomorrow, next week, next month, or next year. No worries here. Still business as usual for $EDXC growing an ever stronger foundation in the industry before the next big wave up.
Final day of the hearing today. Would love to see this eventually turn out to be the MJ equivalent of Brown v Board of Education or Roe v Wade. Looks like Madras was outmatched yesterday.
http://theleafonline.com/c/business/2014/10/medicine-trial-cannabis-scheduling-hearing/
Could be huge for $EDXC as compliance will be at the forefront of this movement.
And now the government appears to be in a position where they're forced to admit that they either have maliciously misconstrued the issue for years for an ulterior purpose or that they're factually ignorant of many of their very own studies and policies. I'm sure they'll weasel out of it somehow, but these little victories will ultimately allow us to win the war on cannibus (and make a boatload of money in the process). Go $EDXC!!!
Notice how through all three days of testimony so far the proponents of MMJ appear both highly knowledgeable and intelligent while the prosecution comes across as ignorant, misleading, and accusatory. It will be very interesting to see if the defense can tear apart Bertha Madras' exaggerated concerns for public health.
That pattern just keeps on repeating. Happily still holding a boatload of $EDXC here. It's only a matter of time before the next explosion.
Up 20% and in the top 10 on the breakout boards again...Not a bad way to start the day for $EDXC