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Grab your ankles guys it's going to be a rough ride from here, lol[color=red][/color]
It's not the bulls that are coming in hard here, it's the stuff they leave on the ground that's getting hard.
Up Vol:
70,170,769
Down Vol:
70,170,769
Up $Vol:
$21,051
Down $Vol:
$21,051
Not so funny if you brought into this mess, you're going to sit and watch the float grow as the dilution continues in pace with the news. Excuse me, rumors. News is what they call it when a thing is filed with the SEC, everything else is just rumor. Worse yet is, as we have seen with that 350 million dollar purchase order for copper concentrate, backed by a letter of credit and filed with the SEC, even news can be fake, so you have to know the company history to even begin to know what to believe.
While we were waiting for them to deliver a shipment of copper concentrate, they instead delivered millions of shares to the market. Then they delivered two massive reverse splits,
Anyone thinking that you must get in before the "rocket ride" starts? Here, do this; over on the right side of the screen there's a little chart, On the left side of the chart click on the 3Y, then go back to before it starts spiking (because the last two are the result of reverse splits) then note the date and start reading this board from one month before then. Remember, some rockets never leave the launching pad, enough said.
Yeah, it's painful to think of the people, putting thousands of dollars they could do something else with, in here and losing it. Unfortunately there is nothing that can be done, think about it, do you really think those people will listen to someone nay saying? Hardly. They'd probably be more cautious if the just did some due diligence, but for all the negative material the SEC and the stock boards have, these new investors don't bother to read any of it.
Just look at the chart, new comes out, buyers rush in, the stock goes up a tad, in comes a big sale and down she goes, repeating that day after day. My guess is new investors don't even read charts or google to see how to read them. Big spikes up on 3 and five year charts could be improvement but, more often it's a red flag because it's just due to a reverse split. The tell tale sign is that after the spike the stock just continues lower and lower after each spike up.
They think stock picking is easy, they get a tip or read some p/r and their hair is on fire, they've got to get in before it takes off, they're going to be rich really soon. Never happened, even if they do buy a good stock, the market has a way of shaking them out if they don't know what they're doing. In short, you're not going to just guess your way to riches, you have to know your company or you'll never make one red cent and you'll probably end up losing big bucks.
The market is always at work to get ignorant people into bad investments and shake them out of good ones. If you don't know your company really well, you might just as well leave your money on a downtown sidewalk, with the hope that when you come back in a day or so, someone will have left double for you. So sad.
I've seen this before elsewhere, what they do is they give shares away to a group of people to trade them back and fourth, that way they keep up some volume. In the old pre-90's market, volume and p/r's worked because in the 40's and up, every once in a while a penny company's stock would hit the roof and create a bunch of newly rich investors. Add in that anyone could day trade and you had lots of volume to go around. Today's market, however, is much different. Only margin accounts can day trade and they stick to the upper market stocks. Leaving fewer crumbs for the pennies and subs.
Naturally the penny and sub penny markets are rife with scams. One simple way to tell a scam stock is to check to see if the float keeps expanding. Another way is to go back in the records to see if the company has hopscotched from product and promise to product and promise without ever generating any revenue from them. Reverse splits are another big red flag, which say keep your money in your pocket and move along quickly.
While the market is rapidly expanding, the only thing rapidly expanding here is the float. LOL
And your answer is: 1 for 20,000 reverse split!
For a company that gets 350 million dollar contracts so easy, it's a mystery why the company never earns a dime in sales, never hires a worker to even sweep floors or answer phones, but it does sell stock, bundles and bundles of stock by the boat load, enough to drown any investor foolish enough to buy stock before looking to see what the company actually does, by reading it's SEC filings, and not what the company pays to have written and printed in magazines and mailers etc..
9.5 Billion shares authorized and waiting to be sold to the public. Think you're going to see profits before that happens? Think again. Mr. Wang has done this before and he's going to keep on doing it again and again and again.
Positioned to profit from stock sales is more like it, How many 350 million dollar contracts do they need before they stop diluting and doing reverse splits?
There's only one investment strategy that works with this company,
N-I-S-T-N-N-T-G-O. (NEVER IN SO THERE'S NO NEED TO GET OUT)
I've been looking around the penny market and I've noticed that people are wising up, they're not flocking/rushing to "get in before the rocket ride" and instead are watching and reading more first. People are beginning to realize that it takes only a second to make a really ruinous decision costing hundred or even thousands of dollars.
If you want to know what the "naysayers" are talking about, click on the one year mark on the graph over on the right. Note the date of the spike and start reading the board from one month before then up till now. You can skip the very short messages and the really long ones. The medium (8 to 16 lines) messages contain enough info to make what happened clear.
GLTA
ABANDON ALL HOPE YE WHO ENTER HERE (THERE BE DRAGONS)
This co does much more dumping than pumping, oy vey! Keep your eyes on the float as it keeps growing and growing and growing. The dilution comes at you from several angles, first the company then from its toxic lenders conversions and such. Eventually when much of the 9.5 billion shares are in the hands of investors, it's reverse split rinse and repeat. The sum of the last two reverse splits was a 1 for 20,000 share haircut.
If you're serious about making money in the market, you need to do your dd and look this up. a quick and dirty way would be to tap the 1yr button on the graph on the right side quote graph, note the date, of the first spike up, go back and start reading this message board from there. Enjoy the read and save the money.
Thinking of investing here? The only news this co follows thru on is their reverse split announcements. Keep your eye on the float, it constantly increases as the company keeps selling shares. Be warned, be aware, stay awake and do your dd.
The operative word in the entire missive is "Plans", as in "they plan to..." "are planning" "will plan" "have plans". Hahaha... watch the volume Monday to see how the market feels about all these plans.
They can't do it. How can anyone prove it's a scam and not just a company fallen on unfortunate circumstances that belayed their grandest of plans? Did they make bad choices? So what? While all crimes are mistakes, all mistakes are not crimes. If the SEC doesn't find something to hang their hat on, that separate any entity of interest from other companies struggling to make it, they can do nothing. Doing anything more or less would jeopardize market confidence and make the entire market place unstable.
The SEC is trying to bring new software on line, that can track all of these companies and their market transactions. That may or may not help clean up the market, I don't think it can hurt. But that's still a few years in the future. Right now, a lot of people who get excited over company p/r's and rumors are going to get hit really hard. Not being impulsive and doing due diligence is going to be the key to who survives or not.
Well, me too... I took some 50k shares really cheap and sat on them, refusing to buy anymore even when they made those big announcements. I also warned others not to go hog wild, no matter how good things might look, in the penny/pink/quad market things are not what they seem to be.
Well, it turns out that the slam dunk deal was a loser. Here's a mining company dealing in metals and ores for years, and can't source copper concentrate on a .350 billion dollar contract. Go figure. So I don't have much faith that they'll be able to earn any money doing business at all. But that won't matter because they'll make their money selling stock.
You noticed? lol. When legalization started everyone realized that lots of money were being spent on weed. Therefore there was big projected incomes for any company that could get a license. When the first few stock offerings went up really fast, the public was left clamoring for more. With millions of investors ripe for the picking, hardly a wonder that the suckers born every minute, found someone there to take them.
The tragedy is, no one will be able to tell any of these investors that they have been scammed. Because the market will keep sucking up the dilution shares endlessly. The "party" will only end with the shareholder, hitting retirement age, needing the money, and not having any because their investment never appreciated. I doubt that the SEC will be able to find a way to shutter these frauds.
Investors be warned: " a fool and his money are soon parted". If you intend to invest in a company, look for them to have employee's, offices and income. If all they've got is talk, talk, talk "we're gonna do this and we're gonna do that..." and you still can't resist taking a position, take a small position and leave it there until the company actually performs.
This is the most dangerous market for investors that has ever existed in history.
If someone calls the transfer agent, the agent will either tell you what the current float is, or tell you that he cannot say. If he cannot say, then it's because he's been gagged by order of the co., meaning the co doesn't want you to know what the current o/s is. Meaning you'll have to wait for the next sec filing to find out. Usually this is done because the o/s is increasing as the co. sells more shares into the market, or conversions of debentures are taking place. GLTA
Worse they got was a skull and bones from FINRA? over that big purchase order that never got filled. I'm sure there's an explanation about why that deal went awry, we never heard it. But this Cannabis thing is just the thing to put people into the poor house in their retirement years. The hoopla surrounding MJ will keep this stock selling and selling for years to come. Of course all of those sales will probably be filled from the treasury as the price holds steady or drops, can't let investors get out with their shirts on you know.
I know several people who were young and frisky, fell in love with penny companies and just kept buying over the years on every hype they were sold. When the clock ran out on their working lives, they wondered where all the time and the money had gone. They tend to keep all their eggs in one basket in the hopes of striking it rich. No such luck, but by time you realize what has happened it's way too late to do anything about it. It's really a very sad thing to see some guy who had lost all his retirement money trying to make a killing and falling for every line some co put out year after year. Knowing that hope springs eternal. Few ever just write off a bad or non-performing investment, they just keep throwing good money after the bad.
A lot of people here had accumulated millions of shares over several years, now they've gone quiet, licking their wounds. I doubt the gov't will do anything, it's just too difficult to prove, beyond a reasonable doubt, that unfortunate things weren't planned but just circumstance, and the gov't must not chill the market by engaging willful and wanton enforcement actions. While they're trying to get better at it, that probably won't help today's crowd.
Well, the new P/R sounds almost as exciting as that 350M purchase order that prompted the 3500% jump in share price way back when. Too bad the company was never able to ship anything. Oh well. I thought for sure their expertise in mining would translate into speedy sourcing and shipping. So did everyone else who waxed ecstatic over the p/r and letter of credit etc., So far I'm noting a growing float and lower highs and lower lows. What that means is anyone's guess, The co. should be loaded with cash from all that selling and all those new loans, secured with debentures. I think I'll just sit out this moon shot. GLTA
Btw: Did anyone see any new hires mentioned?
You can say that again... Keep an eye on the o/s by looking at otcmarkets.com
Share Structure
Market Value1 $804,432 a/o Apr 10, 2017
Authorized Shares 9,500,000,000 a/o Mar 30, 2017
------->Outstanding Shares 32,177,271 a/o Mar 30, 2017<---
http://www.otcmarkets.com/stock/CDII/profile
Yes, before you invest in any penny stock, first check the authorized, outstanding and float sizes over the last several quarters. If they have grown then you know there has been dilution, which is the company selling stock into the market and taking out your money, while increasing the float. No one ever has to pay more for the stock than its current price, because the company will always make more stock available, until they run out of authorized shares they can sell, then they reverse split the stock, which takes away the shares you've paid for and puts them back in the treasury where they can be sold again.
Too bad everyone doesn't read these boards, watch and see as day by day, more people buy in and the float keeps increasing.
Hahaha... "Low Float"?!? on the right side there's a graph, click on the 1 year and note the spike in July. Go back and start reading this board from about June onward, You'll see that low float grow and grow and grow, Then in the fall there comes this huge purchase order with a letter of credit, the stock surges. Dilution keeps the price going down, down down until the A/S is maxxed out. Two quick reverse splits and there's your low float back again, ready to ensnare believers again like a tar pit.
The cannabis market has a lot of life in it, so it's hardly a wonder cdii is in that game now. What a vicious cycle for investors who get caught up in this black hole of a company. Good Luck
Please contribute to the CEO's Lobster Dinner Fund (the LDF), buy and buy big, he wants a million bucks.
On a more positive note, the buying opportunities just keep getting better and better. I'm pretty sure that the cost of buying will even be much more improved tomorrow than it is today. Bargain hunters should be very excited.
No, the order and LOC can be canceled by the buyer alone, in the event of non-performance. CDII failed to start shipments in January as agreed, so the buyer had the right to cancel from that point forward. This makes the company nothing more than a stock mill. Churning out shares and bs in exchange for investors cash.
Oh well, that's why they say, only put into pinks, money you can easily afford to lose, because 9 times out of ten you're going to lose it. You hear or read a good story line, you can't find much info in the short time you have to make a decision, in order to get the best price, so you have to jump in or not on thin dd. Then the co reveals itself to be just another stock mill.
Meanwhile the SEC and other regulators can do nothing. They have yet to find a formula that will allow them to move against the bad actors while leaving the good ones alone. They're working on it, but believe me it isn't an easy problem to solve. So it's still a "buyer beware" market.
Hmmm, perhaps you need to go back and read the 8k where they filed about the order. They said that they had a letter of credit and that they needed no cash to perform.
Boy oh boy, if the company ever actually ships anything, other than the high grade Bull Kake Concentrate they've been burying us under for the last several months, we'll be golden. Remember how the market shook with the announcement of a penny/pink co., getting a 350 M purchase order? If somehow someone found out that a shipment was sent, there wouldn't be enough stock on the planet to serve the hordes wanting in.
Until then, we'll just have to wait and hope we can get out from under this pile of compost they've buried us under.
GLTA
To meet the rising demand for shares we are creating a special unit to ensure that shares will always be available to investors in a timely fashion, this unit will be called the Rapid Investment Pursuit Office For Finance. which will also be known by it's acronym the: "R.I.P. O.F.F."
Anyone in need of information about when more shares will be available should refer their requests to that office. lol
.
Company struggling to meet the demand for new shares. "We are pleased to announce we will be shipping 10,000 tons of new shares to the market each month to meet the demand for more shares!"
Yeah, right... It's putting in a nice round bottom, have the toilet paper handy. lol
Poorguy is heavily invested here, so I think that's what makes him thing that. Fortunately for him, although he's in heavy, it only represents a small part of his earlier big win, kudos to him for that. For the rest of us, hopefully we only have positions we can easily afford to abandon if need be. One can never be sure about investing in pennies since many negatives you find in your dd also have possible good sides to them, so you don't want to be too intolerant, because that might cause you to miss the next big thing. Oh well. Such is life on the wild side.
As I read it, the deal was for a shipment each month, beginning in January. Thus, if no shipments have been made, the contract is non-performing and the buyer can cancel the LOC any time at his or her whim. So at this point no news is terribly bad news.
Very funny... You know very well what happened to it.
That would be yes!
It's beginning to look a lot like "game over" for the penny market as too many firms are diluting, reverse splitting and issuing bogus reports. Years ago you had a difficult time to hunt down these small companies. If you did the hard work, at least the reports were somewhat reliable, today that's not the case at all.
The investors only advantage is the internet, which lets you not just research, but talk to other investors as well. The consensus forming is not good for penny stock investing, so people are pulling out in droves.
So far the only thing being shipped here is stock.
I sincerely doubt any holder of this stock would sell at anywhere near these prices when confirmation of shipment is released, you'd know enough to wait at least a few days. If there's additional news it's bing bam zoom "To The Moon Alice!" LOL