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That's completely possible, but it wouldn't occur in 17'.
I'm just having a discussion, not promoting investing in OTC. I look at a $60MM pain patch market and am not overly enticed by actual potential profitability here, but i'll welcome the quick PR on something positive related to it so I sell the rest of these shares
opinions change over time, 10 years from now it could be completely different
If they spend money on them, good, but its not like the NFL is going to be a "partner" in the sense of advertising for the product. The NFL isn't going to advertise a CBD product at this point.
What do you think will hold? I can see sporadic pumps with pps increase, but just looking long-term, I don't see what's going to hold the pps at any increased value unless there's a share reduction. Assuming the patches are the greatest thing since sliced bread, they are still entering a fairly small value market as a new comer and are going to be paying decently high per-unit manufacturing costs until demand helps create a decent economy of scale. I would put an absolute max cap on net profit under $2MM for the first few years in an absolutely perfect world. Then, back to the actual meat and potatoes of the business, we are looking at several hundred million in spend over the next 5-10 years for trial runs on a drug trial that they are obviously having patent issues with. A moonshoot JV with a bio willing to help fund a large portion of that burden is completely possible if this product is as revolutionary as they state (with extremely limited public data), but even then, at this stage the risk of not going to market is still over 90%, so its not like its going to be funded at a percentage rate high enough for biei to cover the rest on the best of days. Where is that money going to come from? We all know.
It's a bio pennystock, dilution and R/S will be part of the process for years. sell on pops.
algos in OTC are pretty rare
Hooow loowwwwwww caaaan you goooooooo
BMIC is sittin there soaking
I'm just giving you the heads up so you can buy em out on the cheap if that occurs.
I'm a trader, not an investor (except for TSLA,AAPL, and FB), and I really just can't stand stagnant money. The quarterly report says openly that it will be months before anything on human trials, months before anything related to income on the pain management side, and the patent discussion back and forth here doesn't look overly promising either. Every commented support has broken, the chart doesn't show anything but lower highs and higher lows and the higher lows isn't really a fact yet depending on how this drop comes out. I can make the money back that I've lost here in a week or two so no biggie there. Hope everybody makes bank:)
If it gets under .009 im dumping 550k, so you'll be able to grab them cheaper probably tomorrow.
They don't own the product anymore and can't sell it. Why would they have a phone?
you're gonna take it above .01?
If there's a positive here, it's that this will help with my tax returns haha
im holding a $6.5k bag here at the moment, so im not giving in anymore $. I don't see why .01 would hold, but whether it's .009 or .01 doesn't make much difference to me. It's just stagnant cash and I hate that:/
back to .009
It's not overly surprising, im just angry i missed my sell area being occupied with that damn storm
lol shorts burn
the time and sales box is useful to me, but the L2 quotes are rarely useful to me on pennystocks. There will be a 200k wall at .019 the second the .018 is taken out.
All i can do is add more
Sigh....should have took profits...too busy
Either bout to blow up or collapse.
hopefully this continues tomorrow, gonna need this $$ to pay my soon to be flooded house. Goodluck all
I just bought another 188k
Just did, and there's that wall
no .02 wall. I'll buy it all up right now if I didnt think it would reappear the second I got there.
it's getting through .02 thats been the issue. Been up against it twice today
drop the $9k to get it done!
........and
It will be back there
dilution finished a month or so ago, heavy accumulation since, extremely promising cancer testing, revenue stream coming through CBD patch that outperforms competition. just really really undervalued.
Who's Executive Chairman of the Board after the recent shareholder vote?
Question for ya. In a public company, who's more powerful than the CEO?
psssst biei
Wrong, i owned in that range as well.
I think we may see "Better Call Saul" tomorrow
My advice, buy the living hell out of this ticker after lunch
Math is a tough subject.
6 Month - 1,258%
3 Month - -5.23
1 Month - -2.69%
2 Week - -1.44%
1 Week - -3.55%
What's your definition of !!!!BROKE~!!!#@$@#$~!!!!?
WOop! got a chunk of 2.91's:)