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Told who what? We closed up today. Also, Canada wouldn't have a big impact due to the simple fact that trans state trade is difficult and highly complicated. Trans national trade is nearly impossible at this stage for most OTC sized companies. The fact that there wasn't an outsized reaction is good. The last thing we need is another run of overreaction causing a bloated bubble like last time. Slow growth
I never said anything about the market "rapidly responding". Just that the sec claim has been made and that I hope that things will get done. I like a clean fight
Excuse me? I'm unsure of your implication.
Nothing says defensive like 10 consecutive posts with no responses. I'm uncertain of your relation to and motivations regarding EDXC but the argument is deteriorating quickly. We should all try to uphold a level of quality in due diligence when providing input. I think many here are holding large positions and are willing to take these bruises early for yue potential of large returns.
Name one profitable company with lower normalized float.
I agree, this is a legitimate concern. There is not a huge amount of spending at this point and I think the audit report will be a huge catalyst. I think then there can be hope that money can be placed appropriately. I'd like to see some endexx lines become fully developed.
Perhaps shareholders like what they're holding and understand that investing in a company that is yet to have a foothold will incur serious risk. Perhaps some investors here are intelligent. Perhaps they know what EDXC offers in potential. Perhaps they know something you can't see. Perhaps you're just flat out wrong. Stop belittling investors here by implying that they don't know what EDXC offers and what it does not. Worry about your own DD, decide whether to buy or pass, and watch and wait to see whose right. I know what I hold. There are several people here who are savvy, intelligent, and articulate. Some have better restraint than I to engage with this banter. EDXC
No one is ganging up. Don't relegate some of the members here who have done their DD, know what their invested in and are happy to hang on until their investments have realized returns. If you want to spread the truth, do so in a coherent and factual manner, not through slandering, talking about a CEOs character and not showing us a single number that support this (and don't say the PPS because I can point out a ton of tickers in the sector who have been hit proportionately way harder). I'm sick of the lack of objectivity on both sides. Also, if someone does not like a stock, they don't buy it and move on. Rather, it seems some have a goal of attacking this ticker - unusual unless there is a vested interest in bringing this down. Sound like someone is disgruntled, not "helping us". And don't insult people here by implying this.
If you are right, that this is a scam, explain how there has be virtually no dilution? One impressive feat.
Yes that is exactly what happened. Either he's slandering Todd or he has implicated himself in security fraud on a public forum. Which one is it?
More like someone bought to flip in the last few weeks - more than the daily average volume dumped in the first 45 minutes and were down 15% which is not more than 1.5 standard deviations above the volatility in the last few weeks. So we held pretty well. Edxc
Really? Complaining about a sizable move up? The probability of holding high of day is slim, look at the standard deviation of returns (or log returns rather). I'll take several deviations to the upside any day.
Lol really? I'm fairly certain the precedent has been to leave it to the states
Not worth the argument. Youre 100% correct. We have done real homework - not riding the coattails of a few disgruntled board members. What edxc needs is some new interest to shake off the people dragging it down. Edxc
That is a statement, care to provide a thought? A stream of logic? It somewhat odd that some people come out of the woodwork and the pps crawls down. You spend a lot of time here, do you have a vested interest in EDXC? I'm interested in the dynamics of the "facts" you so graciously supply the board.
Hardly a step away from slander. The Republicans are coming? You mean the freaks how headed by Trump and Carson spewing trash from his mouth? Let be real, that argument if insanely hyperbolic.
That simply doesn't fit the bill in terms of the big picture. The share structure does not indicate a large portion of dilutive debt. The numbers are the numbers (to hell with opinion). As LORTAP said, we are seeing capitulation on the lows. This is normal in the pinks and typically attracts the sort of numerical/quantitative minded investors who look for unusual activity. Think about it, we have seen high volumes and strong down up down moves after virtually no motion and no volume. This is meaningful. This industry is split between large corps and small growers. Both demographics need time to digest changes that m3 is bringing. Moreover, the cbd line is selling. News will drop soon, I'm glad the need for patience has dropped some of the loose holders. Edxc.
I'm sorry but I don't understand your polarization. You said that it may be a good idea to take a position here and then state that this is a scam. I understand that people have lost money here but lets face it: anyone buying this sector on the peak or downslide of the hype is going to be down. If bubbles exist then the mj sector was in fact a bubble. The legit companies are finding their lows and we will see consolidation on fundamental value rather than hype this time around. I urge everyone to offer rational and though out opinions from both sides. We are investing in a company, not cheering on or against a team. Edxc
No one talks about it because this board is a near 50/50 split of fear mongers and cheerleaders. Instead of doing proper DD and understand issues of why the price is depressed (lack of PRs, lack of liquidity, ECT) they rather shake shares or try to pump. I've been in this for a very long time, the fundamentals line up, the scam hypothesis is rejected easily once looking at the share structure - it couldn't support a dilutive scheme. What is actually happening is a line of businesses that are taking time to grow - expected in a heavily regulated, relatively new industry.
Agreed. Ideally we would not have any dilution. Thankfully we are far below the typical threshold of debt for operating cost vs dilutive scheme.
You have yet to actually compare. Now do this calc for each in the sector. Average those numbers, subtract the average from each, take the sample standard deviation, and then divide. You'll get a curve that is approximately Gaussian and will see the 7% is very tame for a small company trying to gain a hold in a relatively new market. This is not surprising.
If anything you should note that this number is meaningless. Without context, one does not say whether 14 million is a large number of shares. Large is meaningless too - a mountain is large relative to most things on earth. Our sun is small relative to many suns in the observable universe. Our sun is absolutely massive compared to a mountain on earth. Point is, first look at the dilution of most companies in the sector normalized by the float. This metric will actually derive context. Then, compare this to EDXC and we will see that this number is in fact quite small. EDXC
After looking at the order book I don't think that manipulation is the heart of the issue (although it does seem present). The real issue is illiquidity. Volume will be the keep here. Historically we see better volume September through May. Once the volume picks up the spread will tighten and we will avoid the large volatility in price moves (both up and down). Edxc
I'm not quite sure what timeframe you are expecting this all to materialize . I don't mean to single you out, but I have noticed that the time horizons for several people seem to be less than three days. We just received some great news and we are waiting for revenues and more news shortly. However, a 20% move up on that news is significant, the increase in average volume is significant, and these all indicate a change in the fundamentals of EDXC. What we cannot expect is a definitive move upwards in the presence of news, this must all build over time - especially to avoid the synthetic (bubble) market that we saw at the MJ sector highs.
In standard quantitative analysis, equities are expected to move as geometric Brownian motions with a particular drift and volatility. These parameters allow us to calculate the probability that a particular sized move up (or down) is to occur. While OTC markets are challenged by liquidity issues and over sensitivity to order flow (typically a byproduct of liquidity) we can still apply this model to some extent. Basically, if we begin to see 2.5-3+ standard deviation moves in a few days we know that there has been a material change in the fundamentals and market sentiment behind edxc.
Over the last 30 trading days the mean logarithmic returns were approximately 1%. Given the standard deviation (volatility) over the same period, one can easily compute that today's move was about a 1.46 standard deviation event. That is, only about 14% of all observations are expected to be outside of this range (i.e. it was a rather strong move). I think this is a pretty objective observation. EDXC
You haven't seen numbers because revenues are current or projected. All plays are speculative in this industry. I live minutes away from an Endexx subsidiary. Its quite real.
Or possibly this ticker is now in a stage where we have consistent revenues, increased exposure, and a growing product line. And the sp slipped on low volume cause most shares are being held tight. No one is selling volumes down here and spreads are wide still. That is a better explanation than "trying to find. .02s". Edxc
It seems the frequency has increased as well. I smell desperation. Moving to higher levels soon. Edxc
Notice as edcx's book of business expands the hyperbole expands. This make be the most oversold/undervalued penny in the sector. Edxc
A blessing in disguise - means Todd isn't spending money on simply promoting. Means we can quietly accumulate until big news hits - like being one of the only revenue producing companies in the sector. People invested here are nicely situated right now. Edxc
As stated earlier - buys sub .03 have been a statistically sound bet the last few months. Looking to accumulate more here. Some news here and the thin ask will help this come up. EDXC
Statistically over the last year, anyone who has purchased at this level has made gains on the order of triple digits - not even based on fundamentals but cold mathematical truth. Buying here is a no brainer without even appealing to the fundamentals. Edxc
Again I don't think we have seen EDXC in an organic environment for some time. The lack of volume and large spreads has made this easy prey for MMs to drag the price and load. And that's not to mention those flipping on or close to the spread. If we could sustain 500k+ and eventually 1m+ in volume a day we would clear these levels easily. As a general set of axioms, the otc is an order book game, there are no market orders. We find that the price action is largely a function of the volume at particular price levels and this volume acts as upward or downward pressure depending on whether its on the bid or ask. This can be called "support" or "resistance" or whatever you'd like. I'm a quantitative guy who likes to dabble in pennies because of this simplicity. It's fun to train neural networks on these feeds cause the behavior seems to have a largely deterministic component unlike stocks on the NYSE that exhibit random walk behavior. In some sense these stocks are more "pure", especially in a liquid environment.
I'm sorry but this is no way surprising and you'd see deficits like that in any "major" sector and "major" exchange with growing companies. It takes money to make money and you wouldn't see a company bothering to even try making revenues if it was a paper selling scheme. Opinions aside we have to look at the cold numbers. Edxc
Have you considered the possibility that the sector is now growing organically - without a hype driven bubble? Companies that are gradually increasing revenues like EDXC while keeping their what structure intact will survive this slump. This helped to thin the heard - removing the scams and bloated pigs. For a subpenny stock to hit the double digits in 2 years is unlikely to be sustainable. Rather, a .03 stocks moving to .10-.15 in a year after materializing the business model and generating revenues is in fact stable. EDXC
I try to limit posting as most of it seems like baiting but... Share structure means squat? I sincerely hope that statement is tongue and cheek... making money costs money - some do it through toxic financing and some do not like EDXC. Everything's panning out as planned, all that is lacking is catalysts. I must also note the change in bid behavior. Selling has dried up and bid size average has outweighed the ask. To say that we will see lows at this point is simply not supported by any limit order book quantitative analysis that can be performed. EDXC
Tightest spread we've seen in a few days. Hopefully we clear out the 3s.. Super thin
Not quite sure why the buyers are being so passive considering the selling is dried up. Yesterday seemed to clear things out.
There are people here who have been holding since the 2s. My guess is they were expecting catalysts earlier in the month. The good in all of this is that the sellers have to be getting dried up and a little news will start a chase. Its looking extremely thin.