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Yes their performance is underwhelming but do you really think the company planned for this to happen? They might have made mistakes with brand ambassadors and price points but they are not crooks.
You must have a very broad definition of a Pump and Dump then
Its starting to recover a little on high volume but I think this one is tricky right now. The sentiment is so low its tough to buy this just because its falling like a knife. It will be better to wait for the next update and base your buy on that.
I agree, I dont think its a good time to buy right now. However, the movement of BMAK could lead to a bottom around here. Then we can begin a run back up in pps. Maybe not today or tomorrow though.
BMAK is now much further down at .199 on the ask
.1635! This is pretty extreme trading. This could set-up for a nice bounce next week. Its gotten out of control at this point.
We are in the great penny stock depression right now. Hopefully things start to change for the whole sector
This company is a complete disaster at this point. I don't think they even have one person who works full time. This is at least the third time they have had a countdown on their site and once again it will lead to disappointment.
Good lesson of what could happen to a penny stock. Bought at .0233 with hopes of a new studio and movie production. Now the stock is worth absolutely nothing. Thanks Jake Shapiro, I will be sure to avoid anything you are involved with in the future.
A little suspicious how the stock goes down everyday overnight. It seems like they are diluting after hours/pre-market
Wave of sellers completely killed the momentum
I don't know what you expected. Maybe you could argue the revenues were a little low for three months. Remember, you are paying for GROWTH. As long as there continues to be +50% increases in revenue every quarter, things look good in that department. Do the announcement of addition of stores, new products, dividend nearing and possible movie airtime count to making this a fluff pr? These are impressive moves for an otc company that doesn't use toxic debt.
The number one thing the company needs to do is update the SS on otcmarkets. After the cancellations and based on how thinly the float trades , those numbers on there cannot be close to right. What's the point in going through all those cancellations if you cant even show investors the share structure?
Authorized shares raised from 2 Billion to 4.2 Billion. I don't understand this at all. Its not like they are in a position to sell shares anyway. What do they want to do? Reach the new par value of .0001?
What does it take to get the big investors involved in a stock like this?
Seems like it's trading really thin today and even has a big spread. Float getting locked?
If you've been watching almost any other penny stock, especially related to MJ, you would have seen the same nosedive during that time. The market has been horrible this summer and the volume dried up.
Do you think dilution is what's happening today? Why would they put the effort in to cancel shares and improve the SS just to dump shares? I guess they could have done it to get more interest in the stock and release multiple pr's. I'm looking at the level 2 and not sure how you could tell if there's dilution.
Well, that gap is filled now
Did anyone see the two buys for 500k each at .0098? What is that all about?
Not sure how I feel about the $5 increase. $2 to $3 was one thing but for people that buy large quantities this could lose customers.If they were able to make the Vitacig last a little bit longer and advertise that with the new flavors, that would be great.
What happened to penny stock volume? It seems as if this market is completely different from a few months ago. There are almost no penny stock plays and most former plays are consistently in the red. Is this normal for summer months or is this something new this year? Any help is appreciated.
Based on the conference call and recent advancements by the company there was no reason to be selling other than an attack by a group of traders. Should be interesting the next few days once a PR is released.