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Possibly but I honestly think if you try to flip during a bull run , it just can't keep the stock down. If people seriously wanted this stock it would easily be .001 and maybe higher. That's what's frustrating is I don't think people seriously want this stock right now. I don't know it will take but once we see 2-3 billion shares traded on a green candle then it'll rise
Its tough to watch this thing constantly not move when it probably should. We know there's a ton of shares out there but if it's trading 500m a day that's isn't very many. It's never traded over 1.5 billion shares in a day. That's telling us that a fair amount of people are holding. The price isn't moving now but I suspect in the future it will, as I'm personally holding for long term. I don't know how long it'll take, I hope I don't become frustrated and sell out.
Thanks for the reply. Where did you get the numbers for the market cap?
Please someone help me dechiper our common share dilution problem. I stayed up last night for an hour doing some hypothetical math with USMJ's convertible debt notes. As of the last filing USMJ has about 1.5m in convertible note debt. I calculated that if most of those holders converted this October we could potentially have up to 10 billion more shares coming into play. That would bring the total outstanding shares at 20 billion. This is only if all the shares were converted , but I assume about half of the debt holders will wait to see if USMJ goes up a substantial amount before converting. Some debt holders are taking risk and converting now for billions of shares. But they could potentially make an absolute killing if USMJ can reach near a penny again. Some debt holders will hold off until USMJ runs up, helping mitigate our share dilution problem. So I would summarize as saying it would be safe to say we will land in between 13-20 billion shares {total authorized shares in the last filing was raised to 13 billion and I'm assuming the authorized shares will turn into public shares}. Another quick analysis to find our current market cap and see if it seems inflated(because of convertible notes being turned into common shares) is taking total outstanding shares multiplied by the ending share price of October 28th. 13 billion shares multiplied by .0006 is 7.8M. Now I don't view this extremely inflated. Yes but maybe it is a little inflated right now because the revenues and profits have not been recorded and released that they said they would have in the future, regarding the Rocky Mountain high restaurant and their juice bars. Not sure if PURAs EVERx sport drink will count as revenue either, as well as their work with ALYI. Please criticize me if you feel you are right and I am wrong, but provide evidence and reasoning. I can also explain how I got all of my numbers.
If this is indeed true then I am happy. I'm too scared to sell any of my shares ATM even for testing purposes. Thank you for testing it out; hopefully you didn't sell a large portion to the MMs. I would like to see USMJ actually run more than one tick and set .0007 as firm support. Obviously that's low for most of us current shareholders but for me that'll signal a stair stepping rise.
Hope everyone has a good weekend. Usmj ended nicely at .0006 tho it wasn't particularly strong today. I like the post about 60 minutes, that will bring some needed attention back to the MJ sector. I honestly see a big run in MJ stocks this week. If not then after the elections and or January when the new president assumes office. So much buzz on USMJ. Homing pigeon candle articles, dividends, team ups with ALYI and PURA, bullish charts and confirmations. Some article has USMJ as an emerging leader in the MJ sector. Whether this is true or not, is yet to been seen. All we can say is the press has been nothing but bullish. The hype alone should carry this stock somewhere near a penny eventually. I would be pleased at even half a penny per share. Only thing dragging this down is the increased shares outstanding from 3-13 billion in the last few months. If it stops at 13 I can see it running a bit. The convertible cannot be stopped now {which is why USMJ is creating so many new shares} because it was issued in the past. The major plus is that those who converted shares probably will hold for a much higher price instead of dumping right away. It is their job to make their respective companies a nice return on convertible debt notes and anyone dumping at .0005 right now is a complete fool or is extremely desperate for cash.
We all know what a hammer daily candle means :]]]]]]
Close above .097 and/or .1 and I am much more confident in GRNH going forward next week.
To all the USMJ supporters and share holders. This company is not moving right now but it will be in the future. I sit at my computer watching the price hardly move and it is demoralizing. I have faith that in the long term this company with be way above .0005. Everyone who feels the same as me, hold onto those precious shares until we finally break out. It could be next week, next month, or even next year. The day will come. GLTA !
Keep seeing a large bid at .09 for 1141k shares. Was I believe from CDEL now it's from CSTI. Not sure if that's supposed to be MM's tricking people into thinking we have strong support there at to buy shares at market price?
Breaking 6's, even though it doesn't mean much because it probably will settle EOD at 5. Nonetheless a positive move. GTLA
I am a bag holder until this things is under .08. Then I will be out. I pray to God that it does not go that low.
23.4M shares on the ask at .0005. That's 11,700$. Chump change to a lot of traders. The fact that someone won't come in and clear that ask....means nobody wants this stock. I am really starting to get puzzled. I am holding tho, I would not dare sell now. I just am trying to understand how Wall Street works.
Welp...Bearish crossover on the MACD for GRNH. Hate to see that and be holding but I am. A close over .1 would really help GRNh stay up. Hoping the green rush is back next week. But maybe we are all wrong. The rush could be after the elections and maybe in January. I really don't know, it feels to me like big money had cashed out and is quietly gone hiding.
Added more at .09, taking my average down per share. Problem is I don't have more money atm so I cannot add to my holdings.
Once again I didn't use a stop loss lol I tried to have faith that it would stay above .097 boy was I wrong again. I am officially a bag holder, and I bought more shares at .09 lol.
Wow surprised it went this low, terrible. Idk how it did but it's back under 9 cents. Cmon ya'll......
More news released but watch USMJ barely close at .0005 again. We really need some rich person or a hedge fund to slap the ask and grab like a billion shares...Not trying to be a pessimist but its frustrating watching a company with multiple bullish news just sit down and not go anywhere....why aren't people pouring in to grab cheap shares? Do people not actually view this company as having potential, if not eve hype?
You also set a stop loss of you don't want your account to be ruined by MMs and the market as well. I sit at my computer watching every price change so when my stop loss is hit I look for re entry at a lower price. I place stop losses at support levels so if it's broken through then it'll most likely go lower. Computer is much quicker than me so it will always sell my shares at a higher price. You may want to try it yourself. I had a stop loss at .13 which was support a couple days ago but I pulled it out because I thought I didn't need one. It then dropped to almost .10 minutes after it broke .13 and hasn't gone near it since, so now I'm going to swear by it until it loses me money. You probably disagree but others don't. Everyone trades how it works for them. GTLA
PORKY!! Please listen to me before you sell a large portion of your shares. The 20 day MA is .097 meaning if we stay above this we can go higher and it shouldn't drop. Also we have support at .1 for 6 days now which has been tested multiple times and not broken. If it drops under that I would suggests selling as I personally have a stop loss around .1. The 10 day MA is .118 so if we close above that tomorrow we can go forward. Consolidation is healthy and happening right now, volume decreasing. Try to use technicals , not emotion to trade. I have been there with you many times when a stock is red for a few days and you start to question everything. You can do this ! GTLA GRNH FANS
Putting gains into perspective.
A rise in PPS from .0005 to .001 would be a 200% gain.
A rise in PPS from .0005 to .005 would be a 1000% gain.
A rise in PPS from .0005 to .01 would be a 2000% gain.
A rise in PPS from .0005 to .05 would be a 10,000% gain.
A rise in PPS from .0005 to .1 would be a 20,000% gain.
I think .001 is highly likely, maybe next week even. A nice target would be .005 as multiple stocks have seen a 1000% percent gain already. From a long term perspective I would say .01 is huge target and a possibility, but a rise like that is contingent upon USMJ executives not diluting the shares anymore. No more convertible debt is very important if current shareholders want to see a nice return like other MJ stocks are getting. The lower the float, the easier USMJ can run up.
I mean can you blame some of them? USMJ had traded 800m and 300m in 2 days and moved one tick. They could possibly just feel like USMJ isn't going to move. That's what it feels like to me atm but I am holding for long term.
My personal opinion: A lot of MJ stocks have been consolidating in the last few days. Hedge funds probably dumped their shares. MM's are also keeping the stocks down for a bit. A lot of stocks are maintaining support levels which means they can push up more. A second leg is coming, I am going to guess early next week if not tomorrow(Friday). As holders of USMJ we can be bullish and positive, but we cannot be delusional. 10 cents is unlikely with this share dilution. 1 cent is probably outlandish as well. Unless we really see a dynamic shift in USMJ investors. I've seen no sort of bull run that suggests we have the buying power to push to a penny. Recently this week we traded 800m shares a moved a single tick... We need holders to not sell and new buyers to come in and accumulate. We honestly need a ton of new money flowing in before USMJ takes itself to anywhere near a penny. GTLA
The volume is low which I think suggests that consolidation is almost complete. Grab what shares you can around .1 because if it holds that number then there will be a leg up soon, tomorrow or Monday is my guess.
What the MM's want you to do now is to panic dump your shares at .0004 because they all have bids at .0004 waiting to scoop all of your shares. Then it'll move back up to .0005 bid .0006 ask.
Yeah maybe that's true and not the nice way to describe it but to me it should almost be illegal what MM's do to stocks. We talk about manipulation at the company level from high ranking personnel and staff but no one ever talks about MM's. Especially with OTC stocks, they practically control certain ones, and can make it do what they want.
Chart is going to look much better if we don't touch .0004 at all today. Then again it just feels like USMJ isn't ready to actually break forward past .0007. MM's have a tight grip on it. I am seeing sells at .0005 when the bid is .0004 and ask is .0005 which just shows further manipulation by MM's. Thanks guys....
SO many sells at .0005 this is sad to watch....Slowly the .0005 wall is being destroyed. I'm going to have faith and just hold through all this red. I hope that I am rewarded. This green rush seems nothing like the one in 2014. Maybe the actual rush happens next year in January? Who knows, so far I have made nowhere near what I thought I could have made. Holding GRNH and USMJ and they both are just being held down.
All the typical culprits are selling and buying with a one tick spread. CANT, NITE, CDEL, CSTI. USMJ either needs MM's to finally stock holding it back or we need massive green buyers slapping the ask constantly to break through walls.
RSI is resetting, creeping down to 50 ish. We might see red for another day or two. Next week there will be a massive buy frenzy on GRNH. It's hardly gone up from it's monthly low. This stock will take more times then others but it'll be a winner long term.
I am not quite awake so I should not be posting >,< Anyways once the convertible is exchanged for shares, those companies may have 1bil shares or more and I'm worried about them having huge selling power and placing walls so they can unload. On the other hand maybe these companies will end up holding most of their shares seeing the potential for a much larger gain later down the road.
Sorry my mistake I meant authorized not O/S but the fact that they're doing it probably spells trouble. Meaning they could potential all turn into O/S
If this drops under .1 I'm going to spaz
I have been looking into USMJ since it was .0001. The company looked ripe for a turn around, especially now after the last few months of news. I am just not hype over the stock dilution. USMJ has gone from 3bil share O/S to 13bil O/S. They had multiple convertible debt notes which is why they're bringing their authorized shares up I'm assuming. Hopefully it stops at 13bil, because further dilution would ruin the PPS.
GRNH is really not wanting to go up. Not selling my shares yet tho.
People keep dumping shares at .0005. USMJ isn't going anywhere until that stops and MM's stop manipulating it.
I am happy to see .0005 bids and .0006 asks but let's be real here the .0006 bids are substantially larger and it's MM's flipping again. They've ostensibly placed a huge wall at .0006 for us bulls to try and break.
To Atina, I was wrong, USMJ is about to authorize up to 13bil shares. I apologize for that. My guess is because they have so many notes convertible that they need to make room for when the companies convert their debt into shares. It is stock dilution, but unless the company takes on more notes convertible I am not worried about it.
ALYI and PURA taking off, cooling down now. USMJ trades 800m + and moves one tick....You know MM's are manipulating this stock. USMJ is primed to move next. I think the MJ sector is about to have another massive buy in next week. Either way once the MM's let USMJ run a bit I can see this going to .001. I think a realistic target by or around election time would be .005.
Epic average down when I grabbed more shares at .102 :] Could not help myself when I saw .1 wasn't going to be broken, GTLA GRNH fans.