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The MMs here are schizophrenic. NITE slams the ask with 1M shares at 5.5, then jumps to the bid with 1M shares at 5.0. Then disappears just as quickly. None of this trading activity makes any sense.
Call it dilution or whatever you want. But something has been crooked here since January.
Like they said, Trump expects loyalty, but doesn't return the favor lol. He's quite skilled at throwing people under the bus. Sessions deserves it though...no complaints here. Just as long he isn't replaced with another Draconian nutjob living in the 18th century.
ETRF just flashed 1.1M shares on the bid.
Somebody needs some shares??
Hilarious
GRNH needs to execute. Period.
The news the last few months tells me it's worth holding on to this no matter how low it goes.
Once they post a monster quarter with revenues and announce an uplisting, the MMs won't be able to keep this down.
MMs don't care about fundamentals or news. They will short this until they have a reason to stop. And right now, there is no reason and more importantly NO VOLUME. They know 99.99% of these pennystocks go under and implode in a mountain of dilution and convertibles. I for one don't believe that's happening here and that's backed up by the fact GRNH has no toxic debt and the CEO has stated they aren't diluting. But MMs don't care and don't dig into the details. They simply follow the trend.
Like I said, someone has been set on tanking this stock for a while now. Since 10 cents. You can blame it on dilution, but the O/S doesn't back that up. It's gone up 25M shares per quarter on average, which isn't enough to explain how CDEL and ETRF constantly sit on the ASK with tons of shares to sell.
My guess someone was caught short on the last run up from 2 cents to 16 and has been trying to recover ever since. Or someone from the previous iteration of this company known as Authoriszer Inc. wants to take back control of the company because they got screwed in the reverse merger back in 2010.
BMIC showing a 10K size on the ask, but just let 400K through without raising the offer at all. Something isn't right here.
I don't think it's the company diluting. James specifically said no more shares are hitting the market for the next 6 months and VFIN is the main MM that handles company dilution.
Could he be lying? Of course. Wouldn't be the first PK CEO to BS about dilution. BUT after watching the MMs and O/S for the better part of 2 years now, I feel he's telling the truth about dilution.
Popped up out of nowhere with a million shares to sell. They did that 2 weeks ago as well. If you Google BMIC they're a notorious naked shorter.
Just confirms that someone has been trying to tank this stock for a while now and is shuffling decks with different market makers like CDEL, ETRF and now BMIC to do so.
What's the conclusion? I can't tell you, but this company needs to execute because whoever is behind all this has no intention of stopping their assault.
BMIC up to something shady
Feels like this is gonna spike at any moment.
Yes, nice blocks going through on the ask
475K just went through on the ask within 15 seconds as two blocks.
Nice volume today. Maybe the start of a new trend.
My my, a new MM BMIC slamming the ask. Guess CDEL finally kicked out the person manipulating this stock. Shocking.
Yes, same routine. Slamming and dropping the ask, then posting a large bid at 4.9
CDEL again
These sharp declines on no volume are so suspect. It's always the same bad actors slamming the offer ETRF/CDEL. We know it isn't dilution because VFIN is barely ever selling any shares and the company has made it clear they are not flooding the market with newly printed certs, so the only other logical explanation is someone long has been dumping their stock at a loss, which is the dumbest thing ever, or someone has been trying to short this stock. All I can say is, if it's the latter, then I can only hope they get caught slipping when the volume hits.
Cannabis Industry Worth $50 Billion by 2026
https://www.bloomberg.com/news/articles/2016-09-12/cannabis-industry-to-expand-to-50-billion-by-2026-analysts-say
The volume will come. Especially after the news this week. Once they uplist and become fully reporting, the MOMO will return.
No toxic debt here. The answer to your question? Who knows. Lack of IR communication, etc. But yesterday's news was a sign they understand the need for better IR. Revenues this year will be staggering.
Looks like the dip triggered some limit orders and pushed it right back. Probably someone looking to "test" how strong the support is in the high 4s. There's your answer.
Marijuana Index
Getting smashed. It's not just here.
https://marijuanaindex.com/
Reversal is coming.
Looking at L2 today, it seems there's a lot of cash on the sidelines waiting to scoop up shares in the 4s.
CDEL quickly eased off the ASK and jumped to 5.3 then stayed there till the close.
This will be a $100M+ company by the end of the year with minimal dilution along the way.
$19M market cap is reflective of the fact we haven't uplisted and have dysfunctional IR. However, those are 2 easy fixes and I know James is working on both. The core of the business is solid and this is all that matters.
They tried, but something scared the usual suspects (CDEL/ETRF) so they backed off and are sitting on the offer at 5.3. If they try again, I'll be waiting with a 7-figure buy order.
Keep your liquid ready. MMs gonna try and take this down into the 4s. They want to break this stock and are finally getting some volume here in the low 5s.
Trump isn't the savior of MJ. You make it seem like our success is tied to him. It isn't.
You think the market is down 300 points because this is all just smoke? Wall Street knows what's up. Trump screwed up and it will cost him the Presidency.
Get ready for President Pence.
Democrats are irrelevant. The conservative appetite for Trump is already starting to turn against him. The Republicans will have no choice but to impeach him after Comey's memo is subpoenaed and verified to be true. Obstruction of Justice into a FEDERAL INVESTIGATION is not a joke. The White House can spin it any way they want. In the end, Comey will testify under Oath in public and verify everything.
I don't think Pence will be better for MJ than Trump. I don't care either way who's in the White House, but when the President commits a criminal act, Congress has no choice but to remove him. We don't live in an autocracy. There are rules.
Meanwhile, the Russians are laughing...their plan has worked perfectly.
The Comey Memo will be Trump's undoing. Who are we supposed to believe, an upstanding law enforcement official with a clear track record of keeping accurate memorandums...or a compulsive liar who just fired the FBI Director for requesting to expand the Russia investigation?
This is heading to impeachment, no doubt about it. Pence will be president. Whether Sessions survives is also a question.
Trump isn't going to be president much longer.
It's time to start thinking about what Pence will do with respect to MJ.
$1.6 million in cash is nice
There will be, he just wanted to get the financials out asap.
Within 45 days for quarterly filings.
He has accountant that does the filings.
He said it on the GRNH Facebook page. When I asked he said last week the accountant is wrapping it up. I'm sure they will be released this coming week.
GRNH doesn't have to file with the SEC. Only OTC Markets. They will seek an uplisting soon to become fully reporting with the SEC.
Haas mentioned they have enough cash and financing available that dilution isn't necessary anymore.