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No Janice, it doesn't. All news affects stock price regardless of what it is, both positive and negative. I get frustrated by seeing folks claim this stock is shit because of the share structure and then proceed to act like 30B shares of stock was dumped in our laps today.
You've steadily seen the price drop over the past 6 months and it coincides with the pump and dump style press releases regarding entering the MJ industry and continues to drop from there as the 30B shares began to hit the float.
The price is sloshing around because it's stuck at near 0. One tick up is a 50% price per share increase. It has nothing to do with the float being 30B. If he reverse stock split today it would have no affect on the adjusted price per share. The stock would still sit at wherever it landed and remain there. This is because there are no more Reg 1-A shares being sold (by that I mean no one is actively purchasing them, hence they are not hitting the open market) and there is no more buying pressure to be seen in this stock. There is simply no interest left in this stock at all. This forum was getting literally hundreds and hundreds of posts per day a few months ago, now it barely breaks ten.
This stock is shit for other reasons, and I won't argue those. But it's share structure in its current form is not one of them. Anyone buying today already has this information at their disposal, and the current price per share reflects this information.
Your comments reflect exactly what I was talking about. Claiming the stock is too diluted to move up means you aren't really clear on what you are talking about. 36B or 360B shares outstanding really make no difference. Once that information has been disseminated and acted on, the price per share has already taken that into account. The fact that 30B shares were being added to the float has been out there for nearly 6 months now. The price per share has had this taken into account for months, and the market has decided that the value of the stock sits between .0001 and .0002. This is why it has sat there for months.
Claiming positive revenue growth won't matter because there are too many shares outstanding is silly, especially with the mentality shift that comes with penny stocks. You'll get far more people buying a stock like this at .0002 and thinking it doesn't have far to go to triple their money, say at .0006 than you will someone buying Apple stock at $650 thinking it's going upwards of $2,000. When in reality the percentage gain is identical.
This is the type of comment I was referring to that is well, essentially useless.
It takes money to make money and STBV was out of money. Raising money is part of many small businesses. If you want to argue it was done through fraudulent or deceitful means, then your point may be worth listening to. The money either pushes the company forward, in turn producing greater revenues, in turn increases the price per share which is where shareholders benefit, or the company ultimately folds leaving the shareholders with nothing. Keep in mind though the CEO had stated in the past closing the doors was his only other options, so in my opinion that couldn't have benefited shareholders either...
Long story short, your point(s) are drivel.
Time to move on.
I will be selling my 20 million shares within the next 30 minutes, you can check the volume to confirm. While I didn't agree with the doom and gloom over the past few months, it's now clear what this is, or at least what this has become over the past month or so.
Currently, the stock trades right about it's actual value when you factor in their cash reserves, and their float. While people claim the float makes the company worthless, this is simply not the case. Otherwise, that would mean if the company were sitting on 10 million dollars, or 100 million dollars instead of 2 million dollars, this would have no affect on the price per share because they have an excessive float. This is obviously false.
After reading their recently released financials, where they basically say they bought a newly formed shell company for $50,000, I became leery. Especially when we find out it was not an existing grow facility as they stated. They also state basically that they have no idea what they are doing so they expect no revenue from that purchase at present, if ever, which is why they spent even more money paying multiple companies (HEMP being one) to consult for them.
Simply put, I invested in this company because of what I feel were misleading PRs regarding their entry into the marijuana sector. In truth, it seems now that STBV is to marijuana like doctors are to McDonald's. They may be indirectly related but making videos and the like are not why I invested in this company. You can claim that STBV has always been a media company, but look at their volume pre and post their initial announcement several months ago about buying a grow facility and you'll see that I was not the only one with the same thought process here. I've lost money, like many of you, but this is what can and often does happen in the land of penny stocks so there is no reason run on and post non factual information like many have because they are butt hurt about their loss.
What put me over the top was the recent retraction of their PR. It was not possible to read this PR incorrectly, it simply made several statements as fact. Furthermore, they spent tens of thousands of dollars promoting that PR, and this is within weeks of them issuing another 15B shares of stock as part of their Reg 1-A offering trying to again raise additional funds at the shareholders expense with no advertised plan on what they intend to do if and when they raise the money, as well as what they intend to do if they don't. This to me, is straight up fraud and brings into question every other PR over the past 6 months.
While I don't think the company is worthless (they are sitting on 2 million dollars cash), they are simply not involved in the marijuana sector as we had all hoped, and now it seems they are becoming blatantly fraudulent to the point STBV may actually be on the SEC radar for an investigation. While it may or may not be warranted, in my humble opinion it's worth getting out while the value is anything but zero, even at .0001.
In the end, maybe I am right and maybe I am wrong, I just hope that people continue to post factual data and not erroneous BS because they are butt hurt, or on the flip side post erroneous BS because they are dilusional.
What huge buys?
This stock as of one hour before closing has traded around 90M shares...
Dude wtf are you talking about? NITE added 70M, ETRF added 15M, and ATDF showed up with an unknown amount (showing 1M). Now they all are manipulating the market?
I would be more concerned about why the stock just moved nearly 500M shares against the ask in the first hour of trading on no news, which by the way is greater than the total volume of the last three trading days combined.
It's not manipulation and it's not illegal. You can complain the 100 blocks are possible manipulation but this on a level 2:
BMAK - 10,000
BMAK - 1,000,000,000
Are one in the same. Marker Makers are not required to show true buying / selling intentions and they never have been. It's no different on the buying side. BMAK is showing 10,000 on the bid. Do you really think BMAK, and the 5 other MMs are all buying exactly 10,000 shares of STBV? Of course not.
This is not the case. 1s won't dry up because of Reg 1-A shares. They were bought at .0001.... that's why every time the stock hits .0001 on the bid you see volume more or less come to a halt.
No actually it will not. If you've been around the field then you know this. They are doing nothing wrong. They can have 1B shares to sell on the ask and post it as 10,000 shares and refresh it over and over as long as they like.
Actually this is commonplace.
First, how are blocks of 100 being sold at the bid keeping the price from moving up?
Second, market makers can buy and sell as many shares as they want at any price, without posting their actual bid / ask size. This happens nearly every day on nearly every stock. It's just more apparent on slow moving low priced stock like this one because it takes so long for it to move a tick.
This is what I was talking about. BMAK just ate 85+ million shares and hasn't moved. No telling how many shares they they are selling.
Really strange volume either way.
ATDF - 500,000
BMAK - 10,000
BMAK is the one that will sit on the bid for some time dumping shares before moving off. They are the biggest pusher of Reg 1-A shares.
3s not up yet.
BMAK holding the line which I have mentioned here several times. This is the stealth way to move Reg 1-A shares and all of those sales get marked as buys. I bet they eat 100M shares before they move off, if at all.
You are correct in that the A/S is 100B, but this was news over 3 months ago now. This, as it stands, has already long been factored into the current stock price. That said, if they issue additional Reg 1-A shares then this new news will need to be factored in as well.
My point is that the A/S, regardless of how many there are, regardless of the company structure, is still worth some price to someone, and this is what the stock is and will trade at.
Bottom line is that old news does not effect share prices of stocks.
Much dumber than
THEY'RE BEING INVESTIGATED BY THE SEC
BEING SHUTDOWN BY DOJ
100B A/S
OMGOMGOMG
Actually it means neither. If you have watched this stock carefully over the past months, rarely if ever does the stock dump at .0001. So you won't really see more dumping unless:
A.) Buying pressure picks up and they will hold the ask at .0002 (selling Reg 1-A shares)
B.) The stock moves up a tick, waits until 1B or so sitting at .0002 and then whack the bid
This has been how things have occurred for the past few months when dealing with the Reg 1-A shares.
Now if the stock starts moving up on it's own by several ticks, large amounts of stock sit at the bid and it never gets whacked, then perhaps I would agree that the 30B could be gone.
Sorry friend, your posts will no longer be regarded as anything but comic relief. Please attempt to post something with at least an inkling of fact behind it.
This isn't true. What they do (and have done) on this stock in particular is when a PR comes out and some buying pressure starts they will hold on the ask and just sell shares seemingly forever. This way it appears to buy lots of buying instead of selling.
So currently if buying pressure started for whatever reason, market makers pushing the Reg 1-A shares like BMAK and VFIN would sit at .0002 all alone selling literally hundreds of millions of shares without moving. This all shows as green.
On the flip side if they allowed to the bid / ask to go to .0002 / .0003 then selling hundreds of millions of shares at .0002 (the same price) shows up as sells.
For what? Comments like this are comical.
One would assume making an MJ play, whether with media, growing, or anything. Calling a stock a bad play when its market cap is equal to it's cash is insane.
Sometimes it would be to your advantage to read the entire post, before making the determination that the content is incorrect. Here is what I posted:
If the float is currently 4.5B and for argument's sake let's say none of those were Reg 1-A shares. Let's also for arguments sake say that by the end of next month, all of the 30B have been sold into the market, making the float 34.5B.
Without SEC approval Reg 1-As are not possible, sorry.
Can you explain by his actions what specifically is criminal? The 30B shares was approved by the SEC. You can't sell this in this fashion any other way.
I think Monday more than likely. See how BMAK and VFIN jumped on when the bid size got fairly low (100M). They are holding with lots of Reg 1-A shares so they will sit there for a while. And bulk buying usually doesn't occur on Friday afternoons. But it's obvious no one is eager to sell at .0001, and this may in fact become a repeat of the 3/25 - 3/26 action with any worthwhile news early next week.
Yep I agree with what you said exactly. The point I was bringing up before was the pps will have factored in all news (assuming the initial 30B were now part of the float). Once we see those scans the market will react to that news accordingly.
Thank you for your post. I appreciate the facts you've laid out and the logic behind them.
Your comments are not based on facts, I'm sorry. News, regardless of what it is always factors into the stock price. a 34.5B float will be factored into the stock price.
Claiming $3,000,000 cash means nothing because of the share structure proves you aren't clear on what you are attempting to speak about. The share structure could be 500B and it doesn't lessen the value of that cash, it only lessens the price per share until the market deems it's value once again. The stock price hasn't, and will not go to no bid because the stock is already undervalued at .0001 / .0002 after factoring in the 34.5B float.
It's also funny when you tell posters "No need to even try with so many clear fact". That statement alone shows other posters how seriously to take your comments.
I'll spell it out for you. If the float is currently 4.5B and for argument's sake let's say none of those were Reg 1-A shares. Let's also for arguments sake say that by the end of next month, all of the 30B have been sold into the market, making the float 34.5B.
Your claim is that this is going to no bid. Let's assume that's true. Without anything else being considered, STBV will have at least $3,000,000 of cash, and the market cap would be (at .0001) $3,450,000. That makes this company undervalued at that moment in time. We'll fluctuate up a bit and once the price movement settles down (or stabilizes since that word seemed to confused you a bit), then the stock is free to move up, down, or sideways on it's own merit.
I said it before and I will say it again, once the news is fully absorbed that the new float is 34.5B, there are no more Reg 1-A shares left, and the company now sits on at least $3,000,000 cash, the market will factor in this news and spit out a price. Whatever that price is will sit there for quite a while until something concrete occurs, positively or negatively. The float can't hurt the stock once it's been fully factored in. It can make it move slowly, but trying to convince people it's the kiss of death, it's simply not the case.
The SEC did have a comment on the billions being dumped sir. It was their signature and stamp of approval on the Reg 1-A offering.
They don't just know about it, they authorized it. Please spew your nonsense elsewhere.
Depends on your definition of "ran". On 3/25 it closed at .0001 / .0002. On 3/26 it hit .0004 / .0005 for a few hours. Thats about a 150% gain. I would call that a nice run, and that occurred on shit news.
It really comes down to one thing now. They either land something big or they don't. IF they don't, then we'll slosh around here for quite some time. If we do, then I see a realistic price target of .001 - .0015 in the next few months.
Again you miss the point. Once added to the float, the price per share takes a hit to whatever it drops to. Once that price stabilizes, the stock price won't drop due to hundreds of millions of shares hitting the bid. It will trade on it's own merits.
Acting like because 30B was added to the float that the price will drop forever shows your ignorance on the topic. The price dropped from nearly a penny to .0001 in 3 months. This is what adding 30B shares to the float does. That said, you could add 30B shares to the float of say Apple, and their price would drop proportionally. But the share structure has little to do with the success of the company, and it takes nothing away from their cash on hand.
I agree 150M is out of control as a valuation.
Your last statment hower is patently false. He had an entire year to sell 30B shares to raise $3,000,000, and based on the volume of dumps that we could see, I would estimate that anywhere between 23B-27B shares are gone. Meaning that around 75-85% of these shares are already gone.
This doesn't mean much. About a week to ten days ago the .0002 bis was hovering right around 4B. With the Reg 1-A shares being dumped, don't consider anything resistance at this point.
No, they aren't. You have to understand the way this is working. These shares went out at .0001... so they won't really be dumped at .0001. There might be some skittish investors that do though, just to ensure they at least break even.
So when the bid is .0002 you see huge sells and it gets accredited to dumping. However, when the ask is .0002 you see large buys. People are buying... but they are still buying these .0001 Reg 1-A shares. Every time you see this you will see VFIN, BMAK and sometimes VNDM on the ask with low values displayed, and they will appear as though they are selling a never ending block of shares. In reality, they are selling hundreds of millions of Reg 1-A shares. This is where they can mask the sales more or less.
When momentum occurs, they eventually let go of that hold and allow the ask to build up to large levels (500M+) and then the cycle starts over again. It may play like this for several months truth be told.
It sounds like to me you learned all of this after you invested and are just butt hurt. In my experience people don't frequent message boards of a no name company like STBV unless they are
A.) long and butt hurt
B.) lost money and are butt hurt, getting some peace of mind knowing the stock might continue to drop
C.) are short
I know C doesn't apply because no one will short at .0002. It's understandable, I'm down too and not happy about it. But facts are facts. Whining about it won't do much, unfortunately.
I'm sure when you curse and swear and go ballistic in an email to the head of a company you move right to the top of their to do list.
The CEO of HEMP confirmed the consulting agreement with STBV, that's about as substantial as we have seen so far from STBV. Too bad that has to do with spending money Vs making it. Maybe it helps in the long run, who knows.
I agree with you but the difference is that first off his is not a TV show. It's being produced for the web. Anyone can say it will be shopped to networks, but in reality I can shop a script I write to the networks as well... so can anyone else. That doesn't mean much.
Second, it makes so much for sense for a network to simply make their own. Some networks specialize in reality TV already (A&E for example), and you would be hard pressed to find a TV network that doesn't already produce reality television. Why anyone would look to a $6,000,000 company just getting in MJ (allegedly) is beyond me.
I still like this company for other reasons (like the fact they are just about trading at the value they hold in cash alone), but this "TV show" is absolutely not one of them.
You'll hit .0003 if you just want to break even then that's a relatively sure bet. It hit .0001 a few weeks ago and then it jumped to .0005 shortly after that, then back down to .0002 / .0003 shortly after that. So if you want to get out I would just leave a gtc order in at .0003 for a bit.
Once it dropped yesterday there was a lot of buying at 0002, and today, nearly the entire volume has been buys at .0002. If you were in for much higher than that, then I would worry.
I am wondering this as well.
NITE occasionally does weird stuff like drop off the ask for an hour and come back, but I find it hard that no one has been sitting at .0001 for ETRF at all.