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ALGA Cannabis Company W/Only 43M I/O
Record 1.3 Million Shares Traded Today and Market Still Open
Cannabis Sector
DTC Eligible Only 1 Wk
Was Up 52% Earlier Today. Pulled Back, But Still Up.
Less Than 50 Million I/O
Great News History: http://dearmaryjanedoe.tumblr.com/
Revenue News Today: http://finance.yahoo.com/news/american-seed-oil-company-brings-122500898.html
Current PPS $0.025
TGT PPS $0.28-$0.56 w/Upside Potential to $1.11 - $1.00: http://dearmaryjanedoe.tumblr.com/
ALGA Record 1.3 Million Shares; Mrkt Still Open
Cannabis Sector
DTC Eligible Only 1 Wk
Was Up 52% Earlier Today. Pulled Back, But Still Up.
Less Than 50 Million I/O
Great News History: http://dearmaryjanedoe.tumblr.com/
Revenue News Today: http://finance.yahoo.com/news/american-seed-oil-company-brings-122500898.html
Current PPS $0.025
TGT PPS $0.28-$0.56 w/Upside Potential to $1.11 - $1.00: http://dearmaryjanedoe.tumblr.com/
If Mr. $0.028(BKRT) Removed Ask We'd Run ...
Mr. $0.028 Poor'd Cold Water All Over The Rally. Other Sellers Moved In Front Of Him. If He'd Be A Friendly Shareholder Just For The Rest Of The Day And Remove His $0.028 Offer, I Bet We'd Move Up And Get One More Bite At A Rally Today.
STOCKRUSH, Help WAYNO & I Out Here On Convincing Mr. $0.028 To Lay Off The Selling. We Need All The Help We Can Get. Weigh In On The Matter. Add To My Stock Seller Anonymous 12 Step Program.
WAYNO's Right Mr. $0.028 ASK; Move-Over ...
Looks Like Our Seller Can't Help Him Self. Probably An aDICKtion Similar to Alcoholism. Perhaps we can get Mr. $0.028 Into Stock Seller's Anonymous.
1. Accept their is a higher power ... that power is higher profit.
2. Not cooperating with your fellow shareholders makes the higher power unhappy
3. Mutual shareholder respect is the path to higher profitability
4. If your right handed try only hitting the sell button with your left hand (and vice versa)
5. If you get to good with your opposite dominance selling, move to toes
6. Stick a finger in a socket every time you bid slap
.... I'm working on the other 6 steps of this new program.
In the meantime Mr. $0.28 (BKRT), give us break!!!!
ALGA PPS $0.29; TGT PPS $0.28-$0.56 ...
ALGA VOL & PRICE ALERT: Up 52% @ $0.29 on 2 X Avg Daily Trading Vol
Cannabis Sector Company
50 million I/O
DTC Eligibility Achieved Only 1 Week Ago
Good News History: http://www.americanseedandoil.com/news/
Revenue News Today: http://finance.yahoo.com/news/american-seed-oil-company-brings-122500898.html
Trgt PPS $0.28-$0.56 w/Upside to $1.11-$2.00 : http://dearmaryjanedoe.tumblr.com/
Trading Vol so far today - 700k; Avg daily is only 257k
ALGA Cannabis Sector VOL&PRICE ALERT
Up 52% @ $0.29 on 2 X Avg Daily Trading Vol
50 million I/O
DTC Eligibility Achieved Only 1 Week Ago
Good News History: http://www.americanseedandoil.com/news/
Revenue News Today: http://finance.yahoo.com/news/american-seed-oil-company-brings-122500898.html
Trgt PPS $0.28-$0.56 w/Upside to $1.11-$2.00 : http://dearmaryjanedoe.tumblr.com/
Trading Vol so far today - 700k; Avg daily is only 257k
ALGA VOL&PPS ALERT: Up 52% @ $0.29 ...
Cannabis Sector Company
50 million I/O
DTC Eligibility Achieved Only 1 Week Ago
Good News History: http://www.americanseedandoil.com/news/
Revenue News Today: http://finance.yahoo.com/news/american-seed-oil-company-brings-122500898.html
Trgt PPS $0.28-$0.56 w/Upside to $1.11-$2.00 : http://dearmaryjanedoe.tumblr.com/
Trading Vol so far today - 700k; Avg daily is only 257k
VFIN's Short & In trouble With This Momentum
I think you're right WAYNO. I think VFIN bet on ALGA going sub zero and it looks like they lost the bet. Good Momentum in the stock and the Company is clearly in to win. 3 Press Releases in 10 Days. Facebook updates and Twitter posts frequently. My money is on momentum continues to build. VFIN covering a short is a plus to the momentum.
Thanks For Chart WAYNO; Nice Buying Volume
Post About ALGA On MOMO BreakOut Board ...
I've put a couple posts out there myself today.
Help me get word out on ALGA.
http://investorshub.advfn.com/MOMOS-BREAKOUT-BOARD-4929/
ALGA: Cannabis: PPS $0.03; Trgt PPS $0.28-$0.56
ALGA just got DTC Eligibility
Strong News History: http://www.americanseedandoil.com/news/
Revenue News Today: http://bitly.com/1Byzazg
Trgt PPS Comparable Sector Analysis: http://dearmaryjanedoe.tumblr.com/
ALGA; Cannabis; DTC Eligible; 43 Million I/O
One Year of Operation.
DTC Eligible For only 1 Week Now.
Great News History: http://www.americanseedandoil.com/news/
Revenue News Today: http://bitly.com/1Byzazg
Current PPS $0.03
Target PPS $0.28-$0.56 w/upside potential to $1.11 - $2.00
Target PPS Analysis
http://dearmaryjanedoe.tumblr.com/
THCZ Great Ex. Of Why ALGA's Going To $1.00
THCZ fits into to Mary Jane Doe Comparable Analysis - AVG $50K Mrkt Cap for MJ OTC Companies above a penny. THCZ has no revenue and a negative book value with 300 million issued and out. PPS is $0.10 with $130,000 in avg daily trading volume.
ALGA has only $10,000 in avg daily trading volume with less than 50 million issued and out and recent revenue announced in multiple press releases. The market is only $1 million.
ALGA PPS is going up once the DTC Eligibility ripens and more brokers and investors know they can purchase the ALGA stock.
http://dearmaryjanedoe.tumblr.com/
News Out On ALGA Website; PRNewswire 9am Tomorrow ...
http://www.americanseedandoil.com/news/dubeexanded
This is big. More SALES growth. ALGA adds 3 more states into which to sell Dube Hemp Energy.
Got this in email. How cool the company gives an aftermarket preview of next day's news!!!
MJDoe Posted 'Buy' Analysis on Twitter ...
http://dearmaryjanedoe.tumblr.com/
She updated her PPS forecast with a good 90 day trading analysis of ALGA trading.
She points out a 'seller,' why the seller is limited and the opportunity the 'seller' is creating.
Take a look. Less than a page. Her PPS forecast is right below the trading analysis.
SEEKER & RUSH, DTC ELIGIBILITY JUST 1 WK OLD ...
ALGA hasn't had a chance yet to benefit from DTC Eligibility.
Seeker, you're probably right. There is a seller. The seller is stupid, desperate or mad. With only one week of DTC Eligibility, ALGA hasn't had time to make the market fully aware of the DTC Eligibility or the Company's potential. A seller today will miss the PPS opportunity once the market is fully aware. Again, the seller impatience is either stupid - the seller misses the PPS potential with seasoned DTC Eligibility; Or, the seller is desperate and needs some money no matter the PPS; Or the seller is mad and out to try and hurt the Company.
Stupid, Desperate or Mad are issues all OTC Companies face.
Now the GOOD NEWS:
The issued and outstanding is less than 50 million shares - a rare find in the OTC Markets these days. Increased market awareness can quickly turn a PPS around with such a small I/O. It won't take a mountain of buying to overwhelm this seller.
More GOOD NEWS:
Picking up the Seller's Stupid, Desperate or Mad shares can be very profitable.
It's just now 12 Noon. The trading volume on the OTC is $320 million so far today. If ALGA can get a tenth of a percent of that trading volume, that would be $320,000. At $0.02 PPS that's 16 million shares, but with that volume at this level, the price would go up with that kind of buying. At $0.05 PPS that's 6.4 million shares. At $0.10, that's 3.2 million shares. We've all seen this kind of buying in other stocks. ALGA is a solid company in a hot sector. This can fly.
Yes!!! Another Great Validation of ALGA's Plan
Good Find BOY2ROUDY; Nice ALGA Validation
Patience Stockrush - Buying Interest is Improving ...
ALGA just got DTC Eligibility. It will take a little time for all the brokerage firms to digest the Eligibility and let clients trade.
Watching on level 2, I see new Market Makers on the stack that I've not seen in the last three months (maybe even further back).
On level 2, I see new Market Makers on the best bid and offer that I have not seen before.
The buying interest in my opinion is improving based on what I have listed here.
I like Dear Mary Jane Doe's Comparable Analysis. She is noting an average market cap of $55m for penny stock companies similar to ALGA. Take the ALGA I/O and divide that by the average market cap and you have a PPS of $1.11. Take potential dilution into account and dived the average market cap by twice the I/O and you have a PPS of $0.56. Discount the average market cap by 50% and divide by the I/O or twice the I/O and you have a $0.28 to $0.56 PPS.
No matter how you slice it, ALGA is way, way, way, undervalued ... according to Mary Jane ... and I think she's right.
OLTIMER Seems Yet Another Jilted Party ...
The good news is that ALGA seems to be getting more attention now that it has achieved DTC Eligibility.
The bad news is that some of that attention seems to be from would be msg board vigilantes.
Thank you OLTIMER and KOOLAID. We'll all watch out for Verges and Vakser.
At least most of OLTIMER's post appear to be of a positive nature on other stocks he clearly supports. He is only a part time vigilante.
KOOLAID's entire mission in life seems to be tainting anything Vakser has touched.
Again, Bottom Line: No Vakser here. Never was and with CEO Rash, never will be.
Verges was a CEO here back in 2010, but does not seem to be around any more.
I Think KOOLAID Jilted By Vakser ...
Eddy Vakser looks to be a serial penny stock scammer.
KOOL AID MAN looks to be an unfriendly moderator on every Vakser related company.
Verges used to be CEO of ALGA in a previous life.
Verges also used to be a CEO of PRPM in a previous life before Vakser took it over.
I guess KOOL AID must assume Vakser is involved at ALGA.
And I guess Vakser really pissed KOOl AID off at some point. KOOL AID either did not get a deal or paid for a deal Vakser promised him or maybe he just lost money on one of Vakser's penny stock companies.
I called the Company to get to the bottom of the Vakser issue. Not only is Vakser not involved, there is no love lost over Vakser. CEO Rash has a legal judgment against Vakser for work he did for Vakser several years back and for which he did not get paid.
So KOOL AID, you and CEO Rash might actually dislike Vakser together in equal proportion.
Bottom line: NO VAKSER AT ALGA
Here's the list of Boards KOOLAID moderates - All Vakser related.
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Mary Jane Doe Comparable Analysis - Excellent
I think Mary Jane Doe took a good approach to her analysis. More on her blog site, but here is her comparison chart to other Cannabis Sector Stocks. She's basically saying ALGA has the potential with DTC Eligibility to see a market cap on average with these other Cannabis Sector Stocks. I like that she takes potential dilution into consideration on her analysis.
Cannabis Sector Comparable Analysis
The chart below represents the issued and outstanding and the corresponding market capitalization value of each of the leading Cannabis Sector Stocks above a penny. Below the Sector performance is the industry market average applied to ALGA at a projected I/O of 50 million shares (which is greater than the current I/O) and at a projected I/O of 100 million shares in anticipation that the company may issue stock to raise capital for its business plan. At either I/O level, the company is dramatically underpriced in comparison to the other Cannabis Sector stocks priced above a penny.
STOCK I/O Mrkt Cap AVG PPS
MJNA 900,000,000 $100,000,000 $0.11
HEMP 2,500,000,000 $81,000,000 $0.03
TRTC 189,000,000 $43,000,000 $0.23
GRNH 203,000,000 $19,000,000 $0.09
MCIG 270,000,000 $35,000,000 $0.13
AVG 812,400,000 $55,600,000
ALGA @ 50,000,000 I/O
1/2 AVG 50,000,000 $27,800,000 $0.56
AVG 50,000,000 $55,600,000 $1.11
HIGH 50,000,000 $100,000,000 $2.00
Low 50,000,000 $19,000,000 $0.38
ALGA @ 100,000,000 I/O
1/2 AVG 100,000,000 $27,800,000 $0.28
AVG 100,000,000 $55,600,000 $0.56
HIGH 100,000,000 $100,000,000 $1.00
Low 100,000,000 $19,000,000 $0.19
News Out - More Revenue !!!!
Just Saw This On Twitter: http://bit.ly/1ClDq91
ALGA NOW DTC ELIGIBLE ...
Just got an email from the Company ... I signed up for their email list on website IR link.
http://www.americanseedandoil.com/news/dtc
More Info On News On ALGA Web Site ...
http://www.americanseedandoil.com/blog/ptsdupdate
IJJP Key To ALGA Business ...
From ALGA News Posted Today:
Business Summary
A. Growing: Algae International’s American Seed & Oil Company has established a rapidly expandable business model for profitably facilitating local licensed hemp and marijuana growers to maximize their market potential. The Company has already engaged a non-equity financial investment to fund the first phase of expansion.
B. Products: In addition to the growing operations, Algae International’s American Seed & Oil Company has established its first cannabis infused consumer product trials through various partnerships. The Company is trialing a wellness-vaporizing product and a healthy beverage line.
C. Services: The Company has also taken a first step in developing a cannabis service offering to complement the growing operations and consumer product offerings. Algae International has entered into a partnership with IJJ Corporation (OTC: IJJP) to develop a residential treatment facility for U.S. Veterans with post traumatic stress disorder (PTSD).
See Entire News Release: http://www.americanseedandoil.com/news/2015q2rpt
ALGA Business- 1.Growing 2.Consumer Products 3.Cannabis Services
Excerpt from CEO Letter - ALGA Business Simple and to the Point:
While I have served in a variety of roles since the launch of Algae International's American Seed & Oil Company operation, I am only ninety days into the role as CEO. The Company's one-year-old cannabis operation has established a viable business model ready for exponential expansion. My job, first and foremost, is to orchestrate the resources necessary to exponentially expand the proven business model tested in the first year of operations.
Business Summary
A. Growing: Algae International's American Seed & Oil Company has established a rapidly expandable business model for profitably facilitating local licensed hemp and marijuana growers to maximize their market potential. The Company has already engaged a non-equity financial investment to fund the first phase of expansion.
B. Products: In addition to the growing operations, Algae International's American Seed & Oil Company has established its first cannabis infused consumer product trials through various partnerships. The Company is trialing a wellness-vaporizing product and a healthy beverage line.
C. Services: The Company has also taken a first step in developing a cannabis service offering to complement the growing operations and consumer product offerings. Algae International has entered into a partnership with IJJ Corporation (OTC: IJJP) to develop a residential treatment facility for U.S. Veterans with post traumatic stress disorder (PTSD).
Entire Letter: http://www.americanseedandoil.com/news/2015q2rpt
Not Fluff Elkonig: CEO Addresses Financial History and ...
More importantly, what's being done to clean it up.
Even more importantly, CEO addresses where 'Revenue' and 'Asset Augmentation' is coming from.
You might have just read his introduction ... some might call that fluffy ... agreed.
But keep reading (see below). He is no nonsense about what's wrong; what he's doing and what's right.
I don't think you can ask for a better eye's wide open communication from a CEO.
Entire Letter: http://www.americanseedandoil.com/news/2015q2rpt
Section Addressing Financials In No Nonsense Manner
"A. Balance Sheet Enhancement – Cleanup: The liabilities and assets associated with past operations have been more clearly articulated than in past reports. This clarification is a first step in eliminating stagnant assets and liabilities that may well have passed certain statues of limitations or otherwise become write-off candidates that potentially no longer have any bearing on the business at hand. Anticipate the next quarterly report and the upcoming June 30th annual report to reflect substantial balance sheet updates eliminating all possible, no longer relevant, legacy entries.
B. Balance Sheet Enhancement – Asset Augmentation: Likewise, the Company is working to enhance its financial resources to support the planned expansion of its proven business model. For instance, negotiations are under way to develop the announced investor commitment for twelve grow room operations into a secured obligation that can be entered as an asset on the Company’s balance sheet. Similar negotiations are underway regarding the IJJ Corporation partnership to build the PTSD treatment facility. The Company has also endeavored to advance its working partnerships to trial various consumer products into equity partnerships that can add additional assets to the Company’s balance sheet.
C. Balance Sheet Enhancement – Equity Leverage Mitigation: The development of the Company’s proven business model has been managed organically rather than through the acquisition of a third party business model. The expansion of the proven business model will require resources the Company currently does not have. Expansion capital or cash is one such resource that can be used to hire staff and purchase raw materials to expand operations. However, raising growth capital for early stage micro cap public companies can be very expensive in terms of the percentage of equity required in the exchange for capital.
Given the potential expense of equity financing, the Company intends to initially mitigate the requirement for growth capital by 1) continuing to pursue conventional debt secured by assets similar to the previously announced financing commitment to fund grow room operations and 2) through the acquisition of existing operations that add operational assets in line with the planned expansion of the Company’s proven business model.
D. Accelerated Revenue Growth Through Acquisition: The Company anticipates that 1) securing the resources to expand its proven business model through conventional borrowing, combined with 2) the acquisition of existing operational resources will together enhance shareholder value more than through the acquisition of investment capital in exchange for equity. Furthermore, the Company anticipates a well orchestrated acquisition campaign to additionally enhance shareholder value by accelerating revenue growth beyond the current organic revenue forecast.
CEO Is Best Combo of Capitalist and Great American
From CEO Letter To Shareholders On Q2 Financial Report:
"Admittedly, I originally primarily saw the capitalist opportunity to legally satisfy an existing and substantial demand for cannabis along the same lines that capitalism thrives in satisfy the demand from millions of Americans for alcohol and tobacco. Today, I see much more than just the venture capitalist opportunity. I am a believer in the enormous magnitude of a legal cannabis industry to reignite the very American entrepreneurial spirit that has historically driven the U.S. economy, and I am a believer in the socially responsible benefits that can be realized from the medicinal and general health benefits of a legal, well-regulated cannabis industry."
Here is the entire letter:
http://www.americanseedandoil.com/news/2015q2rpt
Thanks Maninos; Tomorrow's News On Website
http://www.americanseedandoil.com/news/2015q2rpt
Looks like it's set up for before market so they put it up on site tonight.
Great overview and outlook by CEO
IJJP /ALGA Deal Is Credible; Check This Out
From the Press Release:
IJJ Corporation and American Seed & Oil are not alone in their interest regarding the potential benefits of marijuana in the treatment of PTSD. In December of 2014, The Colorado Department of Public Health and Environment awarded a $2 million grant to the non-profit Multidisciplinary Association for Psychedelic Studies (MAPS) for their planned study of marijuana for symptoms of post traumatic stress disorder (PTSD) in 76 U.S. veterans, approved by the U.S Department of Health and Human Services.
With these two imbedded links:
FDA Sanctioned and Funded Trial of Marijuana for Vets w/ PTSD
http://www.maps.org/maps-media/media/5445-press-release-maps-receives-%242-million-grant-from-colorado-for-study-of-medical-marijuana-for-ptsd
Trial Approved by US Department of Health and Human Services
http://www.maps.org/index.php?option=com_content&view=category&id=248&Itemid=593
These Penny Stock Companies are Paying Attention to What's Going On and Playing in the Big Leagues.
IJJP DEAL Is Big For ALGA; Check This Out
From the Press
"The PTSD residential treatment facility for U.S. Veterans was conceived by the American Seed & Oil Company, a subsidiary of Algae International Group, Inc. (ALGA). American Seed & Oil Company is founded, majority owned and managed by U.S. Veterans. American Seed & Oil Company approached IJJ Corporation based on IJJ's recent success with the innovative partnerships to expand marijuana farming facilities in Canada and the Michigan Plant Technologies LLC."
Includes 2 imbedded links on ALGA Plan and IJJP Real-Estate Funding Experience:
http://www.americanseedandoil.com/blog/2014/11/10/4-vets-a-baby
http://finance.yahoo.com/news/ijj-corporation-ijjc-announcing-completion-140000187.html
This PTSD Facility looks like a credible and substantial deal
Love Buying $0.06; Holding for $1.00
Q2 2015 Report Out: I/O 43m
Just saw on twitter that Q2 report is published: http://bit.ly/1AGcIpy
Nice format and clearly the most articulate report ever from the Company.
I/O is still nice and tight at 43 million.
Thanks for DD SAM; Buying $0.06
Great DD Sam and all who helped here. What a great update to ihub page for ALGA.
I'm still buying $0.06 and holding for $1.00
Why American Seed&Oil is Public?
Yes, the Company has no money and no revenue at the moment. That's why the entrepreneurs behind the company put the American Seed & Oil Company in ALGA.
The publicly listed stock is what attracts entrepreneurs to the public market. Its a currency for them to use to raise investment capital. Of course they don't have capital when they first go public. They are fighting the what came first, the chicken or the egg scenario. In this case, what comes first, investment capital or a business with revenue?
This Company has done a lot with out capital so far to advance and prove their business. How many public cannabis companies actually grow cannabis?
http://www.americanseedandoil.com/blog/2014/8/17/owm010hq0hvsf92tsr33ti370ole15
The Company is building partnerships to develop actual cannabis related products.
http://www.americanseedandoil.com/news/epivape
http://www.americanseedandoil.com/news/2015/2/10/dube-hemp-energy-shot
I am sure management is out trying to raise capital. In fact the announced getting some capital.
http://www.americanseedandoil.com/news/12mmjgrowops
At the same time, they're trying to build a business without much capital. This is entrepreneurialism.
So we invest because we like there plan and think the management team can do it or we don't invest because we don't like their plan or don't think they can do it.
Now there is one more consideration. Not only does the otc public market attract entrepreneurs seeking capital investment, its attracts scammers just trying to sell stock.
So you also have to decide is the ALGA management team genuine or scammers. I look at the picture of the farmers and my belief is that this management team is genuine.
I am buying under $0.10 and holding for $1.00
Buying @ $0.06; Holding for $1.00
There is definitely a seller. However, the seller doesn't seem willing to go below $0.05. The float is tight on this Company. The buying is limited by the pending DTC Eligibility. I still think with the tight float and breaking through DTC Eligibility that ALGA will launch and be a high flyer.
Giving Market Makers their vig, I'm picking up all I can at $0.06 and holding for $1.00.
GET TO KNOW ALGA
ALGA is in the news with IJJP
I'm usually over on the ALGA Board.
Thought I'd share some background on ALGA by providing a comparison of ALGA to other cannabis stocks ...
ALGA vs. MJNA & HEMP
Compare ALGA’s business plan, existing operation, PPS performance and trading volume to some of the leading cannabis sector penny stocks priced above a penny (see below).
Revenues in the sector range from $0 to $2 million annually. With the exception of MJNA, balance sheet status is not a selling point for any company in the sector. MJNA’s balance sheet carries one large but vague asset valued at $30 million and descried only as ‘securities.’
What all these companies have that ALGA does not yet is DTC eligibility.
Consider the potential of ALGA once it has achieved DTC eligibility.
The current trading volumes without DTC eligibility are impressive.
I believe ALGA may hit a 1 mm share trading day even before the Company achieves DTC eligibility.
That 1 mm share trading day just might be today ...
... as investors realize where a post ALGA DTC Eligible PPS could go.
Once DTC Eligibility is achieved I think the ALGA PPS and Volume will out perform all the competition listed herein.
______________________________
MJNA (PINK)
PPS $0.11 Avg vol 2.7mm I/O 900mm
Float 444mm Market Cap $100mm 52 week hi/low .33/.10
MJNA is a highly diversified company experimenting in any number of potential cannabis related market opportunities. The Company has $2 mm in annual revenue from a nutraceutical line and negligible revenues from a half a dozen other business lines. The Company carries a $30m ‘other’ asset on the balance sheet described in its foot notes as ‘securities.’
HEMP (PINK)
PPS $0.03 Avg Vol 8.6 mm I/O 2.5b
Float NA Market Cap $81mm 52 hi/low .08/.03
HEMP is highly diversified doing ‘research and development on all things hemp.’ The Company has about $2 million in revenue that appears to becoming from the sale of stock it owns in other companies. The footnotes include a comment that the company owns 10 million MJNA shares.
TRTC (OTCBB)
PPS $0.22 Avg Vol 1.2mm I/O 189mm
Float 48mm Market Cap $43mm 52 week hi/low .75/,23
TRTC acquired an agricultural equipment company ostensibly specializing in equipment for Marijuana growing. The acquired company contributes to a total consolidated sales of approximately $2 million annually.
GRNH (PINK)
PPS $0.09 Avg Vol 1.3mm I/O 203mm
Float 81mm Market Cap $19mm 52 week hi/low .32/.09
GRNH specializes in the ‘best’ gardening equipment for marijuana. The ‘best’ is based on a ‘proprietary’ technology. However, the company has negligible sales.
MCIG (OTCBB)
PPS $0.13 Avg Vol 1.2mm S/O 270 mm
Float NA Market Cap $35 mm 52 week hi/low .10/.92
MCIG is an e-cig company now specializing in the cannabis space. The Company has $370k in annual sales.
ALGA (PINK)
PPS $0.08 Avg Vol 55k I/O 33mm
Float 5mm Market cap $2.6mm 52 week hi/low $1.15/.05
ALGA’s core business today is growing cannabis (hemp and marijuana). The company has it’s first two grow operations (one each hemp and marijuana). ALGA, similar to MJNA, is piloting a number of potential cannabis related products and services. The difference between ALGA and MJNA is that ALGA is piloting the potential products organically while MJNA is acquiring pilot companies.
ALGA vs. MJNA & HEMP
Compare ALGA’s business plan, existing operation, PPS performance and trading volume to some of the leading cannabis sector penny stocks priced above a penny (see below).
Revenues in the sector range from $0 to $2 million annually. With the exception of MJNA, balance sheet status is not a selling point for any company in the sector. MJNA’s balance sheet carries one large but vague asset valued at $30 million and descried only as ‘securities.’
What all these companies have that ALGA does not yet is DTC eligibility.
Consider the potential of ALGA once it has achieved DTC eligibility.
The current trading volumes without DTC eligibility are impressive.
I believe ALGA may hit a 1 mm share trading day even before the Company achieves DTC eligibility.
That 1 mm share trading day just might be today ...
... as investors realize where a post ALGA DTC Eligible PPS could go.
Once DTC Eligibility is achieved I think the ALGA PPS and Volume will out perform all the competition listed herein.
______________________________
MJNA (PINK)
PPS $0.11 Avg vol 2.7mm I/O 900mm
Float 444mm Market Cap $100mm 52 week hi/low .33/.10
MJNA is a highly diversified company experimenting in any number of potential cannabis related market opportunities. The Company has $2 mm in annual revenue from a nutraceutical line and negligible revenues from a half a dozen other business lines. The Company carries a $30m ‘other’ asset on the balance sheet described in its foot notes as ‘securities.’
HEMP (PINK)
PPS $0.03 Avg Vol 8.6 mm I/O 2.5b
Float NA Market Cap $81mm 52 hi/low .08/.03
HEMP is highly diversified doing ‘research and development on all things hemp.’ The Company has about $2 million in revenue that appears to becoming from the sale of stock it owns in other companies. The footnotes include a comment that the company owns 10 million MJNA shares.
TRTC (OTCBB)
PPS $0.22 Avg Vol 1.2mm I/O 189mm
Float 48mm Market Cap $43mm 52 week hi/low .75/,23
TRTC acquired an agricultural equipment company ostensibly specializing in equipment for Marijuana growing. The acquired company contributes to a total consolidated sales of approximately $2 million annually.
GRNH (PINK)
PPS $0.09 Avg Vol 1.3mm I/O 203mm
Float 81mm Market Cap $19mm 52 week hi/low .32/.09
GRNH specializes in the ‘best’ gardening equipment for marijuana. The ‘best’ is based on a ‘proprietary’ technology. However, the company has negligible sales.
MCIG (OTCBB)
PPS $0.13 Avg Vol 1.2mm S/O 270 mm
Float NA Market Cap $35 mm 52 week hi/low .10/.92
MCIG is an e-cig company now specializing in the cannabis space. The Company has $370k in annual sales.
ALGA (PINK)
PPS $0.08 Avg Vol 55k I/O 33mm
Float 5mm Market cap $2.6mm 52 week hi/low $1.15/.05
ALGA’s core business today is growing cannabis (hemp and marijuana). The company has it’s first two grow operations (one each hemp and marijuana). ALGA, similar to MJNA, is piloting a number of potential cannabis related products and services. The difference between ALGA and MJNA is that ALGA is piloting the potential products organically while MJNA is acquiring pilot companies.