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Glad to see that this board has a new spammer posting. Anywho my thoughts on the video are these: 1. I think MF had more fluff in this interview than ever before 2. I think the interviewer is MF's buddy and he gave him the questions to ask him-its just to obvious. 3. Infrastructure takes time of course-true, but will this just be another failed MF attempt like the others? I state this b/c it seems like they have waaaaaay more land now than prospective tenants. 4. What’s the deal with E#**-it launched in August and just flat-lined-3 PRs in 4 months really? 5. I DO agree that these past few months have offered a great opportunity to gobble up some shares. 6. Do we still consider Tara Reid a celebrity? Who’s next, Screech from Saved By The Bell? 7. 8. Did they mention the name of the source for the 10mil in funding, I can't remember which PR it was?
Overall, it seems like he’s grasping at straws once again. But…I could be wrong.
A reversal at 7%? Keep in mind this stock is only trading at about 25% of what it normally did. When it gets back up to the .30s-.60s and pushes towards a dollar or more-that'll be a reversal. I thought the whole point of the RS was to get beyond these levels... But yea, 10m in financing is always welcomed news. Now come on ET@G!
News flash man, it's been taking for 2 years. Expect a run-up when the sector runs. I don't know some people on this board held this stock in a different regard than any of the other pennies. MF must really be great at creating false expectations.
I agree. These companies trade as pennies for a reason. Some money (my vacation money) can definitely (and has been) made with these stocks, but in comparison to the money possible with the big boys...well there isn't one. Many are simply riding the wave of the "green rush" but will never truly materialize into noteworthy organizations in the industry-like you said, lack of solid management/lack of proper capital-and might I add, crazy high burn rates. And many are flat out scams and shells. I expect Agtk (and ET*G to some degree) to move when the industry moves-but expecting mind-blowing biz developments is like chasing rainbows. All IMO.
Yep I realize that WB. I guess I'm just not as hopeful that it'll be a success. All the PRs about it are reminiscent of the whole Chillo/C-Swiss launch, which to this day didnt seem really financially beneficial. And now they've acquired another company. It's like for 2 years now he's been a trench coat salesman, "You don't like this, well try is!". At least that's the vibe I get. What has he really done with the company in 2 years? All the R&D it seems like they've done has produced what? What happened to the deal with MarijuanaDoctors?
Did we really need a PR about a trademark? B/c they're soooo hard to get right. Come on...
Second that, actually more like 2 yrs now....
Then again maybe not lol. Seems that MF has to intentions of defending this stock's price-at least for now. Looks like the same pattern from last year. Perhaps there will be another sector run at the top of the 2015.
LOL, so true. I believe she'll turn around though. AG*K on the other hand I'm a tad skeptic.
I hear ya. I sold when we started trading and bought a little back in, and now I'm mad I didn't wait until now to buy back. Patience pays. Like you said though, it was free!
Lol, yea I was a bit confused by that selection myself, out of all the D-list celebrities he could've picked... Anywho, I honestly think that Friedman is no different than most other penny CEOs as far as intentions are concerned, and at least he did come through with trading 800C. I've made money here and with the former MW$P. Just gotta play these pennies like pennies. In the end I'm more interested in the sector overall, b/c where we're headed is a no brainer.
I'm so glad I sold my 800 shares when they started trading (though I did buy 1k shares back when it dropped) b/c this is exactly why most of the former shareholders aren't taking these companies seriously anymore. I thought 800 wasn't gonna trade on pinks? Yea the entire sector's down right now, but it seems like he's been from acquisition to acquistion to acquisition for 2 years with no significant profits. And now there's 21mil shares going out. When this doubles I'll sell, and when it drops I'll buy again (yo-yo style) b/c that definitely smells like dilution to me. If so, its unfortunate b/c it'll seem like 800 commerce was just a carrot on a string.
My thoughts on the audio call-
I think MF has been working to put together stable revenue-generating income streams. I believe that the land purchases, e-cigs, and merchant processing can ALL be VERY PROFITABLE if executed correctly. And that’s where I am not as confident. Given the back and forth history they’ve had here the past 2 years it makes me wonder if he really can execute this efficiently and maximize the opportunities opening up in the MMJ sector. By back-forth I’m referring to the following:
-Move to Michigan for DMS products-never came to fruition. Now we’re moving to CO-where we should’ve been IMO.
-800 Commerce still not trading(had 6 months of complete silence on it). MF stated in that interview last Oct, “we expect it to trade any day now…”. Well its 6 months later. And according to an interview by Spartan Securities (unless I’m missing something) this should’ve BEEN trading. View it here: http://www.spartansecurities.com/forms/otcbb.pdf . Check out the last page where a Managing Partner at Spartan talks about listing time on the OTC.
-Chillo/Swiss Tea-Have yet to see/hear about those in any Whole foods, or see any real revenue there. Don’t see any significant numbers sold on Amazon/Ebay.
-What happened to Mello Meal?
-Canton was supposed to be “Mr. 800 Commerce”, now he’s just focused on MWIP and retired from the 800C board.
-No more updates on the alliance with the Marijuanadoctors.com
I don’t doubt his intentions at all, I doubt his capability. I think to make people really take a look at MWIP he needs to show true success in at least one of these ventures. Penny’s are speculative of course, but this is one that I’ve counted on constantly to jiggle between .25-.45 which has generated me some nice returns. But him trying to IMO hype up the company on that call as if they’ll be trading in the teens or something by this summer is just him blowing smoke(which he’s done a lot of in interviews I’ve noticed). Even when 800 starts trading(if they’re successful), it’ll take some time to ramp up and generate enough revenue to really make that ticker move far enough to make it seem worth the effort-even with the small float.
In any event, I’ll be watching and sticking with my 15-20cent margins…..GLTA
So I guess we're still in the quiet period eh? LOL! I went ahead and sold the remainder of my shares at the brief run up to .5, was hoping for .6 but I said what the hell. I'll buy here again when gets to high 2's/low 3's. My opinion on MWIP:
-It seems like MF has been paying for promotion of MWIP which they didn't do in the past, especially from Goldman Small Cap who's a known paid promoter (not associated with Goldman Sachs). And do we really need 4 press releases (same company or not) to highlight that you purchased land? I actually think the deal can be very lucrative if they follow through and are able to hook the growers in. But let's see how many more contracts he'll have by summer's end.
-Montblunt site says "Coming Soon" on damn near every tab. Recreational can definitely be a money maker if they can find a space amongst the established vape companies, don't know about all the "Diamond-encrusted" stuff though.
-800 Commerce I peronally think was a complete failure that MF doesn't want to admit to, and I can't see any other reason for it not trading after 8 months especially with absolutely no updates on it. Seems like he kinda went on and on about it in the beginning, but now Canton's gone and not so much as a peep about the status of it. But hey, I'll keep playing MWIP from 3 to 6 as a sure gain.
GLTA
HEMP I freakin love you!!!!!! You just paid for my vacation lol!
My thoughts on MWIP.
A friend just pinged me that according to SEC's site Canton has resigned on the 800 BOD-looks like it's true. Weird timing, and not sure what to take from that. Anywho, MWIP was never a long term hold for me, at least not at these revenues. They've improved, but I'd need more stability and confirmation before going long on a company. My personal trading strategy has been to just buy on the dip and sell on the rips-and its made me quite a bit of money. :)
Someone alluded to the company possibly being bought out-don’t see that happening. What’s there to buy? Buyouts (at least the one's I've observed) occur once a company is at least somewhat established and has proven success with a business model or product; MWIP has a long way to go to illustrate that type of potential. If they position themselves right, its surely possible though in the industry.
I actually think Michael Friedman by posting on ihub has (or tried to) develop a sort of cult of personality. Seemed odd to me a CEO posting on a stock msg board that investors will "be rewarded" and so on. A company’s progress speaks for itself. Not saying I think he's a bad guy necessarily, or that I know what all other investors feel exactly, but it seems that it has caused many investors to have what I believe are unrealistic expectations of the stock's movement. That one day he's going to just drop this big bombshell, 800C is gonna start trading, and that these two companies are going to make them millionaires (ok maybe millionaire is an exaggeration but you get my point). Perhaps he’s just well-read on how Mass Psychology works, no…...? Again, just MHO (since some of you are ridiculously sensitive on this board).
There were quite a few times it seemed investors thought "D Day" was coming. For example many thought that when that Dr. gave MMJ his blessing that it'd run-wrong. Investors thought it'd run when E. Holder have MMJ his blessing-wrong. Some believed when the divy record date was announced that it'd run-wrong, instead it only inched up close to .06. Many assumed that with the announcement of the site launch recently for MB that it'd run-wrong again-and some left unfortunately. Not even sure why one would think that date would be tied to 800C shares trading anyway.
Other MMJ stocks have rallied, while MWIP has stayed stagnant for a reason-they want it to. And I don't see MF rewarding shareholders with super gains just to make up for the year of stagnation-but I do believe more money can be made here-but we each trade how we wanna trade. I've been in and out of this stock for about a year and watch the MMJ boards closely, and I believe that Friedman is working on making the company profitable, but I just don't believe that there will be true transparency and enough profitability to really push this stock's price for at least another year. Meanwhile, progression made within the MMJ industry is DEFINITELY gonna work in the company's favor. Eitherway I'll be keeping my eye on her-like a hawk.
Nice article. MMJ is so about to take over.
True. Hell many people didn't know Medbox existed until it made that sick jump from $3 to over $200, talk about good press! 800C with its current SS definitely has the ability to make a move like that, I guess I just don't think MF would let it rip like that though-but I damn sure wouldn't mind. Its b/c I remember on the last CC after the split he was saying he wanted to move the pps organically or something, but hey we'll just have to wait and see. It would be a good look.
The more you post about this, the more you're making yourself look bad-just couldn't bow out hungh. Notice how your buddies aren't backing you? I'm not even going to bother explaining to you what "Post Effective Registration Amendment" means, if you don't know how to read docs.
I'll tell you what, you're right b/c I have no inclination to entertain your cluelessness anymore. You win, our S1 isn't effective, all those 800C shares got into our accounts courtesy of the tooth fairy.
And one more thing (b/c you only get 3 posts lol) no one's trying to tell you this stock is bad. We all play how we see fit. You think I don't want this puppy to rally? I just think it'll be later than sooner, and not at the gains many are expecting.
GLTA
Lol, that's your response? Listen, you guys can make up SEC rules all you want. That 800C registration is and has BEEN "Effective" per the SEC site, so whatever you need to tell yourself during the interim until 800 starts trading then that's your biz. I've provided facts on the board which can be proved-simple. And yes, I've been in and out of this and other MMJ plays for the past year (ebb and flow) so don't worry I'd say I'm more than alright in my trading.
Tell me then, what exactly was it in my post that was inaccurate? Let me go over it again in case you forgot.
Fact#1: Did we not close at less than a one cent gain yesterday?
Fact#2: For the past year have we not stayed in the 3-6cent range?
Fact#3: Look up what a "Quiet Period" and tell me what it is. Better yet, I'll help you:
http://www.sec.gov/answers/quiet.htm
http://www.investopedia.com/terms/q/quietperiod.asp
http://www.investopedia.com/terms/w/waiting-period.asp
Or is there a special Quiet Period for OTC stocks that I don't know about? Hey if I'm wrong I have no qualms about admitting it.
Fact#4: At the top of 2013 did we not move to a little over .125 cents (which would equate to $1.25 given our current SS), as did the rest of the sector, i.e. M#NA, E@BB, H#MP,P*OT. Which is JUST like we did this year?
Fact#5: Is there another MJ stock that hit the gains that M*BX has?
Please if ANY of this is inaccurate let me know, otherwise stop trying to discredit people just b/c they don't cheerlead.
Someone earlier called this stock a "craphshoot". Now while I don't agree with that I definitely think we'll stay were we are (with small gains) until we see revs-even with our new float, and I don't see that happen until maybe the end of the year. Yea he's making good moves with the rec market but we all are still waiting for the big fish-core business-until that we'll just ebb and flow at the whim of MMs.
Lol, I'm not trying to be an a** dude, just a realist. Yea I like many sold during the R/s and lost about half my position. I got back in near the top of the year and am waiting to 6 or so to cash out. Got about 1200 800C shares and hoping it starts trading soon.
What a surprise. Someone comes to the board that isn't drinking the kool-aid and gets called names and labeled as a short-grow up. I don't care how many freakin posts I have. I've been on ihub for over a year, and yes I just created an account so what? I'm here b/c I like playing this ticker, and no I don't wear rose-colored glasses when it comes to my trading. Oh wait I forgot, you have to have both feet in the pool on this board. GTFOH dude.
And here we go with the pumping again-give it a break guys. Our ticker moves portions of a penny and you guys break out the champagne. I've been in and out of MWIP for about a year now, and don't expect this to push through 6 before it goes back down to 3. Until we get some damn solid revenue news. And quiet period my butt. For those of you who don't know we ARE NOT in a quiet period (Quiet Period is between registration filing and effective date, or 2-3 months after a new IPO launches) b/c the registration has already gone effective and the IPO has yet to kick-off, not sure who started that crap.
Even if this moves up to a dollar (as it did a year ago during the sector push) that still doesn't many of us whole after the money lost with the r/s, but hey that's the game we play so what can you do but try to re-up. Seems like some of you are expecting a M@BX type of jump, don't hold your breathe. Moves like that come once in a lifetime.
I like reading this board b/c there's a few traders who provide useful insight/dd about MWIP, but the pumpers/hypemen on here are ridiculous.