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Disappointing how the volume just died. I really thought we were going on our way upwards.
Woohoo, we got volume again!
You just confirmed what I was saying. He gets out of the way when a big buyer or selling is around, but if he doesn't draw his bids or offers he is flipping. So for the past week, he has been the majority of the best bid or offer so he is flipping.
I am just trying to educate/inform some investors of what is happening. I worked in the business for 30 years so I am experienced at what is going on when you view the Level 2 quotes.
For what I have witnessed in this stock since it started trading, VERT will probably flip up to 2,000-2,500 share positions at most. That is why VERT rarely shows more that 100 shares because he is only committed to provide that amount and if a big player comes in, he goes running.
I rarely posted on chat boards in all my years until Dye came along in this company and my excitement got me interested in the conversation. Trading a small cap stock with low share prices can be a frustrating waiting game but I have found that if you do your homework, have the fundamentals and most importantly the patience, you can make a fortune. While we would love to make a $buck everyday by flipping, it can be tiring to watch the screen consistently and worried about walking away from your computer for a minute and missing possibly some bad news that will kill your wallet. So for me, buying a great potential company like SHWZ is easy because the valuation justifies the current share price (but it should be higher) and I have the patience. It will definitely pay off for us.
Like I stated to educate some investors in the proper industry jargon, you "slap/hit" a bid and "take/grab" an offer. When I first starting reading your posts and saw you say that "slapping" the offer, you had me perplexed. But you don't have to know the correct jargon to be a great trader which you have proved yourself to be.
I don't come on here to bash anyone. We might not agreed on how to go about doing some things (which we have) but we are all on the same side. I try to stress the positive and be cordial to everyone here (especially this SHWZ chat board) because there are some wonderful people here. Too many of the chat boards spew negativity and hate (especially that other chat board) when they don't agree with your thesis. We have great moderators here that delete all the inappropriate posts and I cherish that. Remember that basher we had at the end of February who said that SHWZ was going to tank big time and after two days, disappeared forever. They don't last here because we have such a educated group.
So today is just one of those boring days for me and my holdings since it is a big cap rally day, but always enjoy in the conversation when possible and maybe we can get a small cap rally to start before the end of the day. Heading out for awhile, will check back later and hope to see some nice green on my screen.
Right now the only one making money in this stock is market maker VERT. He is on both sides of the market for the past week and has been flipping it so we will not be moving in a major way until one of the big players decides to get involved with big volume. When VERT gets out being the best bid or offer usually means some big player is sniffing around. So for now, it is naptime.
Well Dye stated that his main focus is to grow in Colorado and that expanding to other states while not off the table, isn't an immediate concern at this point.
What I really admire about Dye is his concern to the bottom line and make sure all acquisitions and growth is profitable (especially since he has so much of his own money on the line). He is definitely worried about growing nationally especially if the laws/restrictions in each state could hamper what kind of rollout he wants. The big Canadian companies believe expanding in as many states as possible they can so the revenues will increase (which we have seen hasn't been profitable). The USA cannabis companies seem to be doing much better and focusing on staying in their state with maybe an expansion to 1-2 more states but not being nationwide.
I believe we could see some growth outside of Colorado but I don't believe it will be in 2021 at least. The rights to the trademark name of Starbuds could still be an issue in my eyes but Dye did state in the interview is that Schwazze was looking to roll out more of their own brands so a nationwide rollout into other states could be a Starbuds, Purplebees or maybe another new brand name.
I think Dye could be on more of a nationwide growth strategy once there is Federal legalization of cannabis. Until then, there is no consistency in state laws and makes it more difficult to have one strategic company plan so I don't think we will anywhere near 1,000's of stores for Schwazze (like a Starbucks) anytime soon.
What really caught my attention which was unexpected on my part was that Dye thought the growth/acquisition outlook could sometime see the amount of stores could reach the 150 level and revenue be between $500-$600 million.
Now there was no timeline on that statement but he was expecting the company could be doubling revenues by next year to the $250 million level which we heard in the recent earnings conference call.
Another interesting statement is that the company was trading at 8x earnings while most of the sector was trading at 20x, so with that rational the stock should be $4.00 a share at least and that is what the investment firm has as their price target for the company at this current time.
One final thought, I believed the conversation between the two at the end of the interview stated that the stock price wasn't higher due to sector fatigue especially with the Canadian cannabis companies taking it on the chin with their big price drops and oversupply.
So while we believe on the fundamentals that the price definitely should be higher, we most likely will have to wait to the next earnings call before we might see a substantial price movement to prove the evaluation of the stock price is too low at this price.
This is an incredible interview and worth everyone's look. Definitely keeps us excited about the outlook and future of the company.
I love Justin Dye's new Rocky Mountain look compared to his dress suit profile picture on the company website. He definitely looks like a cannabis CEO now.
If anyone ever wanted to buy a big bunch, now is the time to do it with almost 82,000 shares offered between $.30-$.31. Have never seen that much volume either bid or offered in this stock. The $.30 seller was the wall at $.34 so if someone grabs this, we could really run.
Nice way to end the day!
Back from vacation and was surprised to see that big dip last week but now today we have a big buyer at $.30. Sometimes it is so confusing to see how people trade to let great opportunities to purchase or sell at better prices. What is frustrating how the stupidity slows down any momentum to get it running. If it can get through the big seller at $.34, then I really believe it can make the big run upward.
Drugdoctor, I am on vacation so just checking the chat board at the end of the day. From a personal perspective, I am not trying to be critical of you creating awareness in SHWZ. If you believe that, then I apologize if it seemed otherwise. It is just that we see things a little differently about that. There are a few shareholders doing it and I have a different approach.
First, I owned a stock that had some posters making pumping positive comments on chat boards which I felt were appropriate comments. After reviewing the company and its balance sheet, I jumped in and bought a bunch. A few days after my purchase, the SEC halted trading based on a comment on a chat board that the SEC felt were not factual by a shareholder, not the company. The company provided evidence that it had nothing to do with the comment and still to this day, the SEC still hasn’t overruled the verdict it made and the stock trades on the black market. I lost a nice penny and that company is doing great business but the stock is going nowhere because the SEC won’t overturn their ruling despite the evidence.
So my personal feelings about creating awareness is suspect at best. I don’t want value investors here now, I want MOMO chasers. We did all the homework about value investing and if others don’t want to do it, then shame on them. I want to see what we are expecting some blowout earnings or acquisition news and we are off to the races with those flipping traders jumping over themselves to buy the stock. When that happens we make a fortune by selling to them at inflated prices that are beyond the current value of the share price. When the dust settles, the price will come down to a reasonable share price and we grab it again and wait for the next show to drop to run the price again.
I believe that SHWZ can be a $50 stock, but not overnight. If the MOMO traders take this to the $20-$30 level in a few days, then I probably be out of my position and wait for it to come back down and accumulate again because of the value I see in the share price and the potential for the future.
So if we have more value investors then they will sell into the strength and slow us down. You, myself and others have done great work here and anyone looking to get a great value play can just look at this chat board and see the incredible detailed work we have performed here to find value. You are one of the most valuable and vocal shareholders here and I appreciate your input everyday. That other chat board has many that don’t appreciate what we do here and some of them are just outright rude and obnoxious and I don’t want to help them make one penny profit.
So let me assure you, that I have the utmost respect for you and your opinions and analysis. Let’s keep looking out for each other and the other great board posters here so we can have that one big celebration party in the future.
I agree Future, but I think Dye might have put it out to keep the company in the news cycle. He is probably frustrated that the company’s stock price isn’t moving up with all the good things on the horizon. This press release was just a reiteration of what was said in the earnings conference call. If I am Dye I want the price increasing so when I do the next acquisition I don’t have to issue as many shares to complete the transaction. I am glad it is a little quiet on here just so we can get a breather and get the chance to recoup and put things in perspective again. We (especially me) were all getting a little antsy and giddy about what is coming up. All that pumping the stock on all the other boards were bringing us a bad vibe and I personally think we are in better place now if we just lay low. The next earnings could be a major surprise and we could get the first run we were looking for as the catalyst.
Kind of glad it has been a quiet week so far while I am watching the ocean waves roll in for a relaxing vacation.
Look forward to chatting more next week if we get any good things to discuss.
Good times are ahead but patience is needed currently.
The Mesa Organics brand is officially removed from the Schwazze website
I don't get it either but I love when they tick it up to the high of the day to make the idiot look stupid.
Leaving tomorrow for a 10 day vacation so you probably won't see any posts from me until I get back. Keeping my fingers crossed for a good week of relaxation and hopefully some profits here.
If we can get it through the $.35-$.40 level and we fly for sure!
Who was that moron that just sold 17,500 at $.22, what a dope.
Interesting comparison and let's not forget that Columbia Care ($6.40 a share) has 279 million shares outstanding while Schwazze ($2.25 a share) only has 42 million shares outstanding. So it looks like we have some catching up to do to reach a equal ratio on share price....that could be our $20-$25 price target level.
We can dream for now at least, let's hope it will become reality.
Totally get it and I have MOMO traded many times, but the stock price going way up and staying up without the fundamentals justifying it isn't sound investing and many will get burned when it comes back down. Maybe you can get the room to buy SHWZ and run it up because of it is undervalued and low float and then we can hold a $10 price target to get started....LOL
Concerning the Joshua Haupt situation
I submitted a question concerning Haupt being with the company that didn't get addressed on the conference call because these calls have a time limit (which I said went about 10 minutes over) and I believe the company wanted to make sure the revenue numbers and the Starbuds acquisitions were addressed as much as possible in the call.
Now after listening to the call and reviewing the annual report here is my thoughts on Haupt.
1) the company has a new position upcoming for him and is waiting to announce it possibly due to a new acquisition and don't want to give away what is upcoming
2) with a big drop in the homegrown segment for SHWZ, it appears the company is moving away from that segment of the business. This was Haupt's specialty area and my new thought is that he is leaving the company and trying to negotiate a deal to take that part of the brand business with him (Three A Light) so he can hold onto the name that he founded.
If he leaves, I will be disappointed because he is a proven name in the business sector and has a lot of credibility. I don't think it will effect the company very much especially if they are steering away from the homegrown segment in which it appears.
So if either of the above scenarios are the realistic, the company will wait to make an official announcement until either is a done deal. If he just decided to resign and walk away, then I wish they would have put out a press release about the situation just because he was an important factor in the early stage of building this company.
So first let me say that I was WRONG about the earnings so I deserve the heat/criticism.
I was a little overzealous about the revenues/profit margins and thought we would get a bigger surprise earlier than expected. In my overzealous analysis, I miscalculated the revenues of the Starbuds deals to take a bigger effect on Schwazze earnings being sooner than in reality. I still believe SHWZ has a great potential to be really profitable by the 2nd quarter earnings report because all the Starbuds locations will have a full quarter of revenues to add to the bottom line. The upcoming 1st quarter should be respectable, but would see a breakeven earnings report as a great sign considering the final Starbuds deals weren't part of the entire quarter. It is a bit harder to get a feel on the financials because without cannabis being legal, the standard accounting principles for writeoffs/expenses that most companies use can't be used for cannabis stocks currently. The rate of growing revenues is a great sign for the future no matter whether they are homegrown or acquired.
I still predict that SHWZ should be a $10 stock by the end of this year and a $20-$25 stock sometime next calendar year based on comparisons of GRWG and TCNNF current revenues having similar share floats and reasonable similar SHWZ projected revenue numbers. If the SAFE banking act or federal legalization takes place, then those price targets should be reached much faster and possibly reach the $50 level sometime in the future.
In response to some of you, Stevenrisk you were right to call me out on my projections and you have added great analysis here. Even my buddy, Drugdoctor, called me out so I know that I was a bit enthusiastic and he is a big bull like me.
Being a fundamentals guy, we are in a crazy market right now. Fundamentals are the floor to make good investments yet we have stocks soaring on nothing but hype and air. It is so confusing because even with this SHWZ earnings report, it is still undervalued to its peers. How do we have stocks like GME go to the moon and not have the revenues/earnings to justify the price. How about RCL who's stock has rebounded from early pandemic lows to a record stock price despite not sailing a ship in more than a year and having no revenue in that time period except for selling stock which should dilute the stock price. Just makes me shake my head.
So I deserve the heat from all of you or I should get out of the kitchen as the saying goes. I still believe that SHWZ will be one of my best investments ever but I will need to curb my enthusiasm a bit and be a little more patient on the numbers meeting my expectations. I will continue to enjoy our discussions and do all I can to help all of us be as aware of updated information as possible.
These are the idiots that are invested in the market these days. It will come back because this company is turning the corner and just edging to break out.
Excellent prediction Future!
Overall excellent conference call. Of course the headline numbers will feed what will happen tomorrow because no one will read the fundamental story and we might be disappointed by the immediate reaction to the earnings.
Some observation feedback from others concerns here and my opinions...conference call for small companies like these only last 30 minutes, we went 10 minutes over that. Because of the timeline, not all questions get answered because I submitted 2 questions and none made the Q&A session.
Expenses are always going to go up when you have acquisitions and they did for sure. We also have many new outstanding staff/board members and it cost some bucks to get them to relocate and bring them on board. Quality people get better pay so it will add to that expense. Also, basically we didn't get any revenue from Starbuds in this report except for a few days, so next report should be gangbusters.
Dye basically came on board in June 2019 and it took about a year to unload some of the past staff/board members and get the company refocused and review all those past deals. Doing that takes time and expense so he didn't have the time to work on new objectives until he had done his thorough review of all them. So about the time he had that completed, COVID took over in a big way which slowed things down. The blessing (sounds horrible to say that) is because many stayed home, the cannabis industry took on a different aspect to the company and sales picked up more than Dye could have even imagined.
I have a hunch that a new acquisition is already in place but Dye wants to hold back on that so that these reported numbers can get absorbed by shareholders and the market and see where the share price goes in order to complete the deal that would probably include some shares.
One more thing about the conference call was that there were a lot of questions this time which means there is more interest in SHWZ than we realize. Normally in the past conference calls there are about 3-5 questions but this time there were plenty more and the reason we went about 10 minutes over the usual time allotted.
Of course there are many issues that can be discussed/debated about how we personally view the call because we all will have our own take on it. The one thing I want to highlight is the growing REVENUES for the company in the past 5 years since it has started trading on the OTCBB and I have been a shareholder.
2016 - $631,000
2017 - $3.5 mil
2018 - $9.4 mil
2019 - $12.4 mil
2020 - $24.0 mil
2021 - $100-$120 mil prediction
Like I said these numbers are revenues, not earnings and now Dye is predicting $100-$120 mil for 2021. That is a big jump and if I heard correctly (let me know if you heard the same or I misunderstood), $240 mil for 2022 at least. Just incredible and the company isn't even in the entire state of Colorado, only a portion. Can only imagine what Dye can accomplish if he changes his mind and goes to a MSO model.
We all want to see a rising stock price for sure, I know that I have been frustrated. But my belief in what Dye is accomplishing here is worth the wait and holding than trying to flip some stocks everyday to make a small chunk. One day (maybe the SAFE banking act or federal legalization) this stock is going to make a gigantic move (when we least expect it) and have a big gap up and start running hard. With the overall low stock float for this company, it will be hard to chase and grab some shares.
Anyway, I wish us all good fortune and patience. We will still have many discussions/banter and lets keep up the respect and humor flowing.
Now we have 2 non believer sellers, bummer. They are going to regret it.
Looks like someone wants to rain on the parade with that $.31 offer
It feels like the rocket ship engines are igniting and we are going to blast off. Getting ready for a wild ride!
I believe there are more buyers around but just in hiding. You notice every sell order takes place higher than the bid price but all the buys take place at the offer price. That buyer at $.21 could be looking to buy many more shares but doesn’t want to scare them away.
Good for you on your GRWG purchase and it looks like just the beginning for that company. I saw the CEO on Mad Money last night and he was impressive. I can see that situation happening here with SHWZ. It just takes patience and it has been a tough ride here lately. I haven’t lost any confidence in my purchases here but lately just been venting just to let off some steam. I hope I haven’t offended anyone because everyone here has been great. Hoping for a Green Day.
Joshua has some great background and experience in the grow part of the business and losing anyone with that experience is a loss for the company. That is not to say that the company’s plan to move forward will be hampered because I don’t think it will. So my belief the company will do just fine if he does leave but I would be disappointed.
Tried all the flavors of the chocolates. All are excellent. Once I use them all up, I think I will order a higher dosage like 240 next and see how they work for me.
Interesting trading, seems like every time we sell tick down then we get a buy up right behind it. Definitely encouraging to see more volume daily these past couple of weeks then we have seen in a long time.
Just need another positive press release and then I think we can be off to the races.
GrowGeneration's CEO Darren Lampert is on Mad Money tonight with Jim Cramer. Could be an interesting conversation about what could lie ahead for the industry and what we could see regarding SHWZ.
Looks like they are going to try and take out the sell stops this morning.
Looks like they don't even care in the cannabis sector about the revenues and earnings of GRWG and CRLBF either, all red at the moment.
Cresco Labs (CRLBF) blowout earnings this morning, GrowGeneration (GRWG) blowout earnings last night. The sector (industry) is taking hold and starting to really make some serious money. Especially the USA companies like CRLBF and GRWG, so SHWZ shouldn't be too far behind and hopefully next weeks earnings will proper SHWZ to catch up trading on a share price par to their peers.
Hoping for a green day on the screen!
GrowGeneration (GRWG) had blowout earnings after the close today. That company and its earnings are a microcosm of what Schwazze will be in the future.
On the other note, Dye always plays things close to the vest and I have never seem him put out a press release with any hint/hype of what he wants to say ahead of time. Earnings have always come after the close of the trading day but if there is a new business development (acquisition?) then that usually comes in the morning.
Can't wait to see what is coming.
You are just confirming the point I have been trying to make. Revenues are skyrocketing for the company no matter how they achieve them through internal growth or acquisitions. All the acquisitions are cash flow positive and profitable. So why isn’t any analyst noticing and starting to accumulate? Some of the really big funds can’t buy because of the stock price or it isn’t on a major exchange but others can. There is one fund that owns around 250,000 - 300,000 shares of SHWZ the last time I checked so it can be done
I think write offs/charges for the acquisitions are a one and done. Dye will want to get all charges hurting earnings done with promptly in my opinion.
They came from past SEC company annual filings which I looked up online. I don’t make this stuff up. Come on buddy, you know that I am a fundamental investor and not trying to get in a pissing match with anyone here because I have much respect for all of you. I was just trying to find facts about why some cannabis analysts wouldn’t notice the growth of the company and justify my venting.
Seriously, do you think there are more than 50 legit publicly traded cannabis companies that are worth anything? Of course there are more than that are publicly traded, but most don’t have a shot at success of making real money. The big and profitable ones will control the marketplace in the future.
Yes, my comments were a generalization of the industry but still on point. Schwazze will be one of the best even if it doesn’t become a MSO anytime soon. So many of the pink sheet companies jump onboard to the newest craze to try to inflate their share price. This is happening frequently with cannabis and Bitcoin and investors grab the stock because they believe it will automatically go higher. Unfortunately most of those companies buy some small bit player that really doesn’t add any value to the stock but does make that company a player in the field. Then in press releases the company stresses they are a leading company in the field (isn’t every company) when they are not. I am just tired of reading the BS some of these companies project. Schwazze has the growth, revenues and management team in place and should be getting recognized right now.
While I am stressing some factual points, I am just venting currently because this company’s stock price should be rising now, ever how slowly. You are the chart expert here and even with your great analysis of the golden cross and other support levels haven’t helped. Not any of our faults for sure, but your technical analysis should be working and it isn’t. If the company came out with bad news then charting gets thrown in the dumpster.
I was never much of a chat board poster until a few months ago when I started to get more vocal here because of my belief in the company. Maybe if I keep my mouth shut, it will bring better luck.
Just for clarity:
On 2/26/2020, the company applied for a NASDAQ listing and reversed split to meet the price requirements for a NASDAQ listing. In the press release below, the company stated that there is no assurance the application would be approved.
https://www.otcmarkets.com/stock/LGIQ/news/Weyland-Tech-Reverse-Splits-Stock-to-Meet-Nasdaq-Listing-Requirements?id=254979
On 10/20/2020, the company applied for a NEO Exchange listing. In the press release below the company stated that there is no assurance the application would be approved.
https://www.otcmarkets.com/stock/LGIQ/news/Logiq-Applies-to-List-on-NEO-Exchange?id=277472
On 1/27/2021, the company filed a prospectus for a public offering in Canada to meet the requirements of a listing for the NEO Exchange in the event their stock received approval in the press release below.
https://www.otcmarkets.com/stock/LGIQ/news/Logiq-Files-Preliminary-Prospectus-for-Proposed-Initial-Public-Offering-of-Units-in-Canada?id=287687
So in NO instance did the company state that they were definitely getting uplisted to the NASDAQ. A listing on the NEO Exchange looks promising but still not guaranteed at this time.
Future...we are both well versed on SHWZ and I understand and have stated that the big boys will not get involved in the stock due to the price and that it is listed on the OTCBB.
Schwazze is on a rate to do more business than many MSO’s so that should make some people aware. The company did $1.5 million in 2018, $6.5 million in 2019 and we will find out about 2020 next week. But a company that has done $1.5 million in revenues in 2018 and now is on pace to do $120 million this coming year should be noticed by any cannabis analyst or they suck at their job. It is not like there are 200 hundred cannabis companies trading in the stock market. I don’t believe there are more than 50 real cannabis companies and many others are piece of garbage pink sheets con jobs.
The reason investors don’t look into researching their purchases is because they are all millennial morons who just buy based on chat board comments like are all factual. The Reddit and Wall Street Bets crowds have ruined any reason of sanity in the markets now. If you get in early based on them you can make a buck but many get burned. GameStop (GME) isn’t worth more than $10 a share and after today’s market close earnings report, it reaffirmed it still isn’t worth more that $10 a share. So why are people paying $200 a share for garbage?
I am old school and base all my purchases on fundamentals. I can sleep at night knowing SHWZ isn’t going to come out with a press release in the morning saying it is out of business but many of these other cannabis companies are going to have that happen to them in the future.
I don’t know if Dye has eyes on taking Schwazze into a MSO yet, but all the tools are there if he wants to. I believe Dye wants to keep Schwazze a SSO because Colorado has great profit margins for cannabis and the other states have lower margins from what I have read.
I always enjoy the conversations and banter between all of us. There is always something to be learned when we least expect it.
Losing someone like Josh would definitely be a blow to the company. It is hard to replace someone of his expertise and experience.
But I have a suspicion that Josh isn't going anywhere. I think that Dye has something big planned with Josh as the lead of that project and that is why he is not listed on the company's website currently so they can update the website in one big swoop when it is announced (could be the next acquisition?)
Three factors lead me to believe that Josh is staying. First is that I am convinced that many of Josh's trade secrets could now be the intellectual property of Schwazze. Considering that Josh let them use that technical name for the company in which he originally phrased and is part of the management team, he would have to put the company first. If something happened to Josh, the company would need to know the operations of his work to keep the company alive.
Second, is why would Josh walk away from the company now that it is ready to take off? Josh has already made a fortune in the cannabis field and probably the only thing that isn't on his resume is being part of a mega-giant. He would definitely be a major piece of that puzzle.
Third, is why would Dye hold back an announcement that Josh has left the company? Wouldn't it be better to get the bad news out there before coming out with a parade of positive company developments and earnings. Holding back his departure could possibly overshadow any good news and hamper the stock price.
If he leaves I would be severely disappointed but I don't think he is going to. I hope that I am right.