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This was posted on their blog today. Is this regarding the 3rd store, anyone know?
http://www.kayashack.com/kaya-shack-opens-store-in-south-salem/
Hopefully, link stays up and working.
There was a lot of accumulation the past few days. Had a feeling something was up.
Great news!
That day it hit a low of 5. Smart move. I didn't have any powder available. Even teetered on selling into the panic. Emotions and trading vinegar and water. I thought it was going to hang around 5s 6s for a few weeks and I had some time to buy more in that range. Oops.
I agree and financing is unavailable in this sector. Money has to come from somewhere and as seen on the financial statements, not a whole lot to be made in medicinal dispensaries. I've seen more egregious financing deals in pennies. Financials should begin stabilizing over the next few months with rec sales and a possible 3rd retail location.
Thought it was only a matter of time before 7s. These low floats move on a sneeze. Nice recovery.
I'll add through January. 503b in Feb.
Great piece about the trending compounding pharma industry:
Why "Price Gouging" May Come to an End
http://www.pharmalive.com/why-price-gougin-may-come-to-an-end/
Happy holiday, Westo!
Thought the same. Imagine a company like IMMY attempting to grow business with a patient-first mentality and an ethical brand. So old fashioned it just might work.
Of course he breaks his promise for a price cut. Surprise!
http://www.huffingtonpost.com/entry/turing-price-daraprim_565633c6e4b079b2818a31bc
Thanks sleek. GL to you too.
This will be interesting. Looking at the interest due, this could run a little in the 3rd or 4th week of Dec the way this behaves.
Everyone has an opinion and the loudest and most negative I discard because of deceptive motives. That tweet is a simple attempt to induce fear. Doesn't work on the unemotional. I haven't posted here nearly as much as yourself but we've seen this.
Ah. Thank you RSP. Much obliged.
KAYS receives a loan for $100,000 that is agreed upon in exchange for shares that are eligible to be sold on September 9, 2017 and the financier/lender holds the note in exchange for shares that I believe (please correct me if wrong or haven't quite got this verbiage right) are eligible to be sold on the market at the price of .0316297 per share on September 9, 2017. Divide $100,000 by the agreed price of .0316297 and I get 3,161,585 shares. (My number is off by 2 shares or .06).
If the share price at that time is anywhere close to what I think it will be, the lender made out pretty well. The down side at that time is if the price per share is still hovering around this price (I don't think it will) 3,161,583 would be devastating and would have a negative dillutive effect but that's on 9/9/2017. Lot's of time. Wanna see rec figures.
Again, if I jacked that explanation up, feel free to correct it.
This is a recent corporate presentation with a lot of good information page 30 gives the share structure with total stated as:
Total diluted outstanding 11,216,164
http://filecache.drivetheweb.com/ir1_imprimis/181/download/IMMY-Investor-Presentation-OCTOBER-27-10-2015.pdf
I just realized it was a press release when I checked my brokerage account. But thank you for your direction.
Nice find! Thank you!
For anyone that thinks small brick and mortar operations ("mom and pop" to some) can't be successful, in 1987, Starbucks was a single shop in Seattle. In 1988, the company was sold and began opening additional locations. In 1992 they went public with an IPO of 2.1 million shares priced $17/share. Market cap of 37.5 million.
Market cap today? 92.04 billion.
I'm certainly not projecting anywhere close to those returns. That would be delusional. Rather, using this as an example the "mom & pop"/brick and mortar business model can be successful.
Takes time. Patience.
Cheers, sleek. Smart money isn't worried about an imagined "battle" of mj stocks but rather seek value with investments in a multibillion dollar industry. A lot of the considerations to make when evaluating companies are share structure, market cap, convertible debt.
It's my belief that the rise of algorithm trading and high frequency trading, swing traders are too concerned with immediate profit and ignore the fundamentals. I also believe the trend in the next few years will be toward long investments rather than 3 day trades or day trades. If everyone is swing trading time to think the opposite.
Plenty room at the dinner table. The only battle I'm concerned with is the one in my portfolio. GL!
Peace, sleek. Been following your posts since summer of 2014 and I can appreciate an investor that stands committed to their investment with your verve and enthusiasm. GL!
Ha! The share price could use it!
If large ballooning of your portfolio persists more than 4 hours, please consult a banker and seek immediate financial attention.
Good one zulu!
Why are you asking other people to do your own due dilligence for you? Have you emailed the CEO directly if you have questions?
People that don't perform their own thorough due dilligence and rely on others are easily duped by scams and pump and dumps. Sometimes they fall victim to herd mentality or cult stocks. When fins are released, and they will be, It's very important to read all filings and details to understand the greater picture prior to making an investment. Yes, this includes negative aspects like dilution, CEO compensation, debt, etc. It's important to make your own decision after and if you've invested, means the good outweighs the bad. That's why I hold a position here. That's why this is and will be my only MJ play. Most other mj companies are still in the talking/planning phase. Always smart to do your own due dilligence and avoid the euphoria of the herd. It's a smokescreen.
To be successful, you have to be contrarian, in my opinion.
Wow. They haven't completed one dispensary yet?
When the dispensary is completed, it's my understanding this will be a medicinal dispensary, is that correct? Patient's are given steep discounts compared to recreational. Whole different ballgame in states like Colorado, Washington and Oregon.
Only one dispensary after all this time. SMH
I think we have until December 13, right? That's a lot of time to consider some impotant decisions between now, ash and the vote. I'll wait and see. They're really emotional on ST (I should say a few are. But they are squeaky wheels). I'd like to hold for at least a year and I think the last time I bought was in September? We'll see.
Correction: 503B should be completed by February. I said "a month or so". My mistake. Sorry.
Hard to say, Westo.
Did you happen to catch the KaloBios story and the etrader that got burned over $100,000 in minutes because he left his short position open and they shot up 800% aftermarket?
A lot of wall street news outlets have picked up the story and are wagging their fingers at inexperienced traders that don't realize a short play has limitless losses. Could be a lot of short positions closing or could be manipulation. Could be insiders buying but I doubt that. Not when we're a month or so away from the 503B.
I really believe this is just going to be really volatile for a while. Happy to see it recover but overall, feeling unemotional because I'm long. I don't have a stop on this because big money can see stops and use it to their advantage and I have a sell order for a price of over $700 pps so my shares can't be borrowed and leant to short sellers.
If you're not familiar, research algorithm trading and spoofing. I've posted on another board about it. It dawned on me that the market may be highly manipulated based on one key figure:
"According to the NYSE Factbook, the average holding period for stocks in 1960 was 100 months (8 years). By 1970 it had dropped to 63 months (5 years). By 1980 it had dropped to 33 months, by 1990 to 26 months, by 2000 to just 14 months, and in 2010 just six months."
According to updated information, some estimates say the average time to hold currently is 11 - 24 seconds. Hard not to believe there are computers involved. And like I said earlier, the only way to beat high frequency trading is low frequency trading. GL! Nice to see you're still hanging in there.
I hear you! You have to have a strong stomach in pennies but like they say, high risk/high reward. I lose money when I get jumpy and emotional so I'm on autopilot and not concerning myself with red days and green days.
Actually, rec sales are unknown and KAYS stated they ramped up their grow production prior to November, expecting larger sales in the 4th quarter. In August, they applied for a 3rd license which is pending. I wouldn't call it a mom and pop operation, more of a small business with a business plan to grow the company. Any company in the pennies - $5 or below will have to factor in some dilution until the share price is above $5 when institutions can give it support. That's a long ways away. Takes time. Share price is reflective of this. I believe I'll look back in a year or two and won't mind today's volatility. :)
KAYS is light years ahead of more popular MJ tickers.
If one is long and cost averaging, it's no worry. Looking forward to 4th quarter numbers when the grow operations and the recreational sales are reported. It's nice to be invested in a for profit business with 2 brick and mortar stores and a functioning grow operation in a state where recreational sales are legal.
Looking forward to a 15% tax bill on my shares. KAYS
Yup! Biotech's a gamble if someone is swing trading, for sure. Expect volatility. But while there are huge 20-30% swings on these, they pop all the time. Consider that etrader that left a short position on KB10 open after hours and lost his shirt. Opens a gofundme page to bail him out.
The only way to beat high frequency trading is low frequency trading.
Thanks. Good post. My eyes are wide open now after a few epiphanies.
If anyone hasn't seen it 60 minutes did a segment about the rigged market. The more people become aware and become angry about it the quicker the resolution, I hope.
I was blown away this didn't take off on the IND filing. Then I started thinking about something I posted a while back on this board, this post Post 572.
Then I started researching algorithm trading and didn't realize how rampant it is and is a concern of the SEC and large investment firms like Goldman.
This is an article posted on Forbes written in 2011 regarding the average length of time to hold a stock:
http://www.forbes.com/sites/greatspeculations/2011/01/21/stock-market-becomes-short-attention-span-theater-of-trading/
This is one of my favorite long plays. I've been following since the jatropha days.
But if you're a fan of BBQ you can't stuff a brisket in the microwave and expect good results.
Share price is the share price regardless of cats and bags.
I like when volume dries up. It usually means there's consolidation. Cost averaging over time, imo. Never know when it'll break.
Sorry meant 10K is filed.
An 8k can be filed for any company announcement.
They are moving along ahead of schedule and the closer we get to PIII with Iomab-b the closer to partnering and institutional buyers to give this some real weight. Fantastic!
Sorry if you're not a dude but... DUDE!