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This is a great chart set up guys. First resistance is near $1.50, $.80 is a gift
Good is the enemy of Great
Nice job today fighting off the sell call from that other house. Other tickers did the same but the bull run is in charge! 10mm shares traded today shows the strength. Eyes are on you
It’s a good day boys when they send in the B Team on a high volume +10% day saying this POS can’t make money. Just makes me want to slap the ask harder at the open, lol
Yep, let’s get some!!
Fundamentally that is correct way to look at it. Add in the possibility of getting acquired if they meet those numbers and you can add a 100% premium to it. Fischer Assets took a position on that theory. Technically, setting above the 50d and neutral on oversold/overbought territory sets up the traders to enter. As Sirrom said, are you ready...
I dusted off my stripes, sold my MJ*A and now parking here ready to ride!
Pull up the 5 yr chart and $4 makes sense.
Is this dog dead?
Skimmed the 52 week low. Looking good here guys!
Where is everyone? Up 70% in 2 days should have traders all over this!
Yep, 25% of the company was turned out to pharmacan.
Up 30%
You saw they just made a $680 million JV with a large producer, right? Won't matter what their cut is when we're splitting 2 billion in sales.
What's the damage, friend? Not seeing your concern.
Should be, once trading shares hit the float this ticker is going to ratchet up
Thank you! I would personally like boots on the ground input.
Yep, with $150 million just signed, domination is near!
No problem. If you liked that, take a look at this....
https://us.v-cdn.net/5021759/uploads/editor/qu/bh608zkuljnv.pdf
Hey Mod, you can use this for the intro
https://www.planet13holdings.com/wp-content/uploads/2018/09/Planet-13-Corporate-Presentation-September.pdf
Well, I did try to warn you...
Post #4242
Hello people of the Planet. What's up?
did well today amongst the blood bath.
Dipped below the 10 day couple of days now, but closed above. Trend is up
https://stockcharts.com/c-sc/sc?s=MMEN.CA&p=D&b=5&g=0&i=t03268846542&r=1536902430377
buyers are coming...
Mayor of LA Board member, done
Capital raise, done
Treadwell closed, done
Opening of 5 retail store fronts, coming soon to a high roller neighborhood near you.
Where is everyone? This thing is about to take off
I'm a betting man myself, but also a realist. I'm in at .27 so .54 would be first line of trim for me. But it is going to the moon with its patents and compounds, so play it as you see it
Just some drywall and paint
https://www.nola.com/health/index.ssf/2018/08/get_a_first_look_at_one_of_lou.html
Looks like some adjustment buys after hours. That beats sells
Bulls need to take control. Where's your boyz, Stacker? Traders want this to run
Churned through quite a few of those pesky note holders getting out of the way today. Nice volume, this should start running hard soon...
This is what I was talking about:
https://www.theadvocate.com/baton_rouge/news/business/article_5f3296a4-a008-11e8-89ef-9b01911775f5.html
Its not me who says they are underperforming, its the company:
LAS VEGAS, Oct. 23, 2017 /PRNewswire/ -- GB Sciences, Inc. (otcqb:GBLX) projects sales of $500,000 in October and continued sales of at least $500,000 per month over the next three months. GB Sciences recorded unaudited sales of approximately $320,000 in the three months ended 9/30/17
The company is operating at 200 grow lights, which is only 30% of its expected final capacity after build out is completed. After the final build out, cultivation revenues will continue to increase with a target flower capacity of $18Million annually. The company is expected to open its production facility in late November or early December of 2017. This operating unit should generate additional significant free cash flow from oil over 2018 at a steadily accelerating pace.
I did, must have been a Freudian slip, or wishful thinking.
You didn't answer the question posed?
Glad I could provide you with a laugh. Correction was made.
Please explain the under performance of expected revs.
Sorry typo, I edited the correction. Thanks for catching that.
I took a break for awhile while LSU was being formed. Got a link to the estimates?
Correct, they were the original investors and operators of Teco. An associate of PLV is also the owner of the Teco facility and we pay a capital lease to him. You all should know his name.
Note 5 – Capital Lease
In July, 2016, an entity associated with Pacific Leaf Partners, LLC completed the purchase of the building housing the Company’s cultivation facility at 3550 W. Teco Ave., Las Vegas, NV. In connection with the purchase, the Company entered into the Amended Lease Agreement for an initial term of ten and a half years with one option to extend the lease for five years, or until December 31, 2030. The monthly rent payments per the Amended Lease Agreement are $40,000 through December 31, 2017. Commencing January 1, 2018, the monthly rent payments will increase by 3% per annum through the expiration of the lease.
Guidance was $500K per Q.
What do you see?
There were 198,964,930 shares of common stock, par value $0.0001 per share, outstanding as of August 14, 2018.
The Company has sustained net losses since inception, which have caused an accumulated deficit of approximately $66.2 million at June 30, 2018. In addition, the Company has consumed cash in its operating activities of approximately $3.5 million for the three months ended June 30, 2018, compared to $2.2 million for the same period last year
Subsequent to June 30, 2018, the Company entered into the Amendment and Termination Agreement with Pacific Leaf. Pursuant to that agreement, the Pacific Leaf Royalty Agreement was terminated in its entirety and the Company is to pay $1 million of the $1.5 million balance due to Pacific Leaf on or before August 31, 2018. Contemporaneously with the Amendment and Termination Agreement, the Company issued a Promissory Note for the remaining $0.5 million due to Pacific Leaf. The Promissory Note accrues interest at a rate of 6% per annum and matures on November 30, 2018. In consideration for deferring the payment of the amounts due to Pacific Leaf, the Company issued 100,000 shares of its common stock to Pacific Leaf on July 31, 2018. On August 7, 2018, the Company made a payment of $750,000 to Pacific Leaf in partial satisfaction of the $1 million balance due on or before August 31, 2018.
During the three months ended June 30, 2018, the Company received notice from convertible note holders of the conversion of a total of $1,298,500 face value and $46,449 in interest accrued on the related convertible notes. Accordingly, the Company has issued 5,379,798 shares of its common stock based on a $0.25 per share conversion price. In connection with the conversions, $1,023,134 in unamortized discount on the related notes was recognized as interest expense and the Company has reduced the carrying amount of convertible notes payable by $275,366.
Preach Brother! Seriously though, these types of facilities are delicate and need to be balanced to run optimally and to pass inspections. Its not like a storage shed or something.
Don't forget the multiple harvests to get the plants right as well.