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I do agree that there has been no dilution. What likely happened was that some of those who bought at .0003 and .0004 sold at .0006-.0008 to people expecting a move in a matter of days to .0010+. When that didn't happen they sold en masse down to .0003. Personally glad to have plenty of shares at a .0003 basis and will keep at least half of them for a break of .0009 in coming weeks/months.
Diluting? Any recent evidence thereof or just frustrated speculation? Which would be certainly understandable given the pps trend.
I am fully confident we will see a Spring line based on the tweets I have seen and the fact that Alec has, albeit gradually, followed through on all material representations. Of course, whether or not this release will significantly move pps is anyone's guess. Any real retail deal should move this to .0020+ imo.
I agree with your last point entirely. The sum total of it all though, is that I continue to believe the company is worth its current pps ++ considering all the otc companies that have no real product, no real business etc yet trade at higher levels. All those reasons you mentioned though are why I haven't doubled my position as I would have done if .0003s had been available on the ask a month or two ago vs. Now.
Yes. Name/ticker symbol change to reflect the nature of the business. Significant (in percentage terms) revenue growth, products sold on Amazon, many legitimate endorsements, current financials. Of course nobody is thrilled with the PPS but the company is not a fraud, a scam or a failure in any sense.
NFL draft coming up, followed by release of the spring clothing line at some point. Starting to see some more promotional activity from McCain and Landry among others. We "might" see some 1's go but that should be extremely short lived and I and others would likely be tempted to take all available at that price. I am as frustrated as anyone else about how little the company's progress has been reflected in pps but the company has still made good on all of its representations, though the retail deal hasn't happened yet. If this summer and the start of the NFL season comes and goes without increase in pps I'll likely sell most of my shares but that is months away yet. Haven't seen anything deeply concerning.
Last year's spring line was released on April 16th, late yes but by more like 2 weeks than 2 months. I too am frustrated by lack of recent progress however.
Not necessarily, of course 13k/12= ~1.1 but the Amazon and Sears sales avenues were not open until the last quarter of 2015. Could easily have been 8-10k of sales over that last 3 months. Not huge but better. Regardless, we need to see the Spring line out in the next 2 weeks or so so that what sales momentum does exist can be continued.
We need to see the Spring line out soon. That and the NFL draft thats at the end of the month. I'm up to 8m shares now but will not buy more until we see positive activity.
Makess the weekend more pleasant certainly. Nothing like a fresh coat of paint to freshen things.
Put a 250k AON order in at .0004 at 3:55 and the close came without it being filled. Tells me we might be seeing the last of the 4s. We shall see
Absolutely top-notch analysis,however I still plan to continue to add more shares. We'll see what happens.
I view acknowledgement of the shareholders in any form to be a very positive thing going forward. This plus discussion of concrete and specific PR's upcoming signifies that Alec's approach to investor relations is evolving.
In any case, the old Evader financials reflect essentially none of the positive steps that have been taken lately, therefore holding/accumulating is the smart move through the rest of 2016 it seems.
My only concern is that a private equity deal (presumably offering equity at a discount) of some sort (eg. Shark Tank) would potentially be negative for current shareholders. Getting on the show and not getting a deal could be positive for publicity. Rather see the brand and sales grow organically. The exposure from the NFL draftees etc should be enough to generate enough revenue to make Peachtree nonessential. Once that happens we should see the .0010-.01 PPS many of us here expect. Much respect to your diligence though AJ and I do actually like the Trump idea, at least the hat. Ride the wave.
The company is moving forward and the stock is getting noticed in a significant way and attracting new money. Upcoming weeks, months, should be very interesting. Of course there will be some who flip each tick but those who grabbed some of the shares available these recent weeks at .0003 and .0004 should be in a good position to hold and enjoy the show for a while.
That and some updated financial filings. Shold show decent revenue considering the several items that have apparently sold out. Hopefully Alec is aware that this company is owned by its shareholders.
The 647k buy this morning was mine when that was all that was showing on the ask. Once filled the 10k ask appeared. Have plenty but will periodically add more 3s as long as available. Not an unlimited supply.
They (Peachtree) don't have unlimited shares. Obviously we wold all like to see a higher pps but a scam this is not.
Agreed. Only reason I haven't sold is that the shares are essentially worthless and I don't want so see the 1099 entry. Lol.
*stock, not stick
Company is following through with its stated objectives and is selling product. Been adding 4s and 5s steadily in the last week. Today is "healthy" for the stick in the grand scheme, 40 m less to be sold at a later date. Looking forward to the NFL combine and draft. Should be an interesting spring and summer. Anybody who buys in the trips will be pleased in time, in my opinion.
The update was released today. Go to the INCC/Uccello/MedCanHldgs Twitter account and you'll see a link to the PDF. Somebody also posted it on the board here earlier today.
Very very little good in that PR. Still have shares but not thrilled about it. The opportunity was the grow operation and that's faded. Still holding for a bounce on revenues in a few months perhaps but still today was disappointing. Company is not a scam but also not a golden ticket.
The great thing about trading is people are free to do with their money precisely what they choose. I chose to pick up some more shares at .0009 a couple days ago. We'll see what happens.
Thanks for the update. Float is what is most relevant to PPS. I encourage all those that have concerns to sell their shares, they will be bought by longs.
The pace may be frustrating to some, but this company is following through on its stated objectives and is quite transparent. I bought plenty of .0004s and elected not to sell at .0006 and .0007. When news of increased revenues (regardless of size) as a result of the Amazon launch comes this should break .0010 easily relatively soon. .0005s and .0006s are a deal IMO. This is not a zero-revenue, heavily diluted pumped shell.
Glad I kept some shares back when things looked bleak (pre moratorium decision).
My take is this: The possibility of an extended moratorium is what drove this down to .0006, people saw the real possibility of a moratorium lasting so long that the pps would be stuck in trips for years. Now that that isn't happening, we might just see this climb back up above .001 as further developments take shape. This is why I bought back in at .0007. Any 6s or 7s are a (relatively for a subpenny) safe buy IMO/
Although I still hold some shares, it does seem like there's a bit of wishful thinking going on by all of us that still own shares. The original and potentially very valuable plan involving growing MJ in Huerfano county appears to be close to dead. I don't doubt the company may eventually succeed, but I'm not holding 12-18 months to find out. Too many other stocks to trade. Hemp will generate some revenue but any and all chances of 5 or 10 cent pps are gone. Might be a good play from .0006 to .001 or so for some.
Another day, more buys. Agreed that anything under .001 is a deal. So many companies at this pps level have no business, no revenue and am ugly SS. Not the case here at all, looks good.
Picked up some shares today. Like what I see on the chart and the fact that the company is actively selling and promoting its products. It is rare to see a company with real (though of course small) revenues at this PPS. I see the exposure gained from the ESPY event and any coverage thereof to be enough to get to .0010 and above with this share structure. Any updated financials showing increased revenue without dilution could drive PPS further. GLTA.
Go ahead. Be interesting to watch.
In an addition to my general letter about the revenue risks of an extended moratorium, I am including the relevant specific information about INCC (i.e. the Futureland lease) and water considerations with the purposes of making the point that it would be remarkably hypocritical for the county to have approved the CUP for CGRW then issue a moratorium that would affect the same "grows" listed on the CGRW water app. The commissioner proposing this rule does not have his facts straight in terms of sequence of events in my opinion. Both of these will be going out tomorrow by express mail, (the cutoff time for today having passed).
I am going to (politely) remind them that the marijuana industry is one that is one that moves quickly and that an extended moratorium would do nothing more than drive away future revenues and potential employment. Frankly, there's not much else going on there economically and the county needs to seize the opportunity it has to be ahead of the curve in this new industry.
After lots of thought,I decided to keep the last million shares I didn't sell yesterday. It seems to me that there's a legitimate attempt at a real business here and the risk/reward of keeping some shares was too positive to resist. There's no good reason we can't see .01 or so even with the moratorium and that represents a huge gain from current levels. Will be writing a letter to Huerfano commissioners and suggest other longs do the same.
I'm not gonna become a "shareholder turned basher" but it looks to me as if INCC is dying on the vine, and in the interest of self preservation I must sell my shares. Don't have a high average but still lost a lot in percentage terms. I wish all the longs luck, if and when the picture looks different I may be back. The county government has changed its mind on MJ, the commissioners act like an echochamber and there's not much we can do about that.
Its very difficult to find anything positive in that artcle. Looks to me like a rural conservative county govt bailing on an unfamiliar industry. Unfortunate and a bit sad actually.
Less than 2 dollars worth of selling today. Obviously collapsing. Lol. Keeping my shares.
Yes...when pps goes down on miniscule volume its clearly dumping in a downward spiral towards no bid.. When pps goes up on relatively higher volume its MM manipulation. Keeping my shares.