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You are probably right, I've never been a Basher especially when I have a decent position in a company however this one has got me fired up just because they cannot be so foolish to think that what they are saying is true. It's just so blatant that I turned to the dark side. But yes you are right probably won't see .0003 but I'd bet we see .0004 before we see .0009 again
It's only going to take one seller here to drop this to 4/5 it's going to get ugly before it gets better, hope if you're averaged higher than 5 you have funds to average down at .0003
My claim is based on several misleading public statements made from txtm, how is it that they are the oonly people capable of confirming these supposedly scheduled parlimentary proceedings that somehow never happen... it's all buying then time to keep diluting shares
No and don't expect it to be anytime soon
You are joking right? Who put this up top?
I wonder what time we will get a tweet from Protext with a pushed back timeline. Don't say you were not warned
Absolutely, I'm just not banking on it coming Monday as tweeted by protext. For longs it's no big deal, but for the vast majority of people who are looking at this, they are trading based on short term statements made by the company. It actually hurts our pps when they release a statement only to not have it come to fruition. This is the otc and we are limited info at that, but that shouldn't mean we should have to be fed flank steak and told it's a filet. Honesty and open communication from the leadership would go a long way, that's all I'm saying. I don't mean to sound like a negative Nancy, but I am unfortunately a realist. Good luck, I hope I am wrong, and I would love nothing more than to have to eat my words, I would gladly take a public shaming from Duffield, when he drops "License granted" news of us.
It absolutely takes it to make it, I just wish he could be a bit more forthcoming with his intentions, and if it was unexpected then put out a pr to let us know why it was necessary. That's all it takes to keep the villagers from rioting
Feel free to skip to (7:20) in this video to hear excatally what he said regarding dilution, and tell me he didn't blatantly lie to all of us.
True, but Duffield said he would not dilute more than a few percent of total current outstanding, back in may, he increased it by nearly a billion which is closer to 20% of total outstanding, which is understandable if he could give us more than a tweet to explain why. As of this moment he hasn't accounted for any of it.
May 31 they had 2.99billion outstanding today they have 3.7 billion, That's dilution!
That's all well and good however in the mos recent YouTube video roger duffield himself says dilution would be under a few % this year or atleast post 2nd quarter, that was a blatant lie and he really needs to explain where the plan not to dilute more than "a few percent of total shares" went wrong. To me he bold faced lied
The fact this is #3 on bob just shows how broken nonimportant that list is
Wait till Monday if you want to see a real bloodbath ... or a moonshot nobody knows
I hadn't posted because I was in, and out and made a nice bit of change, I got in again AT .0006/.0007 flipped most of my shares at .0009/.0010 and am riding freebies, I can't lose here but I don't like to pretend everything looks golden when I don't actually believe it. If you are smart you'll make money here or already have, but don't try to pull in new people with illusions of grandeur. If the medical innovation bill passes in a timely fashion then it's great, ad a license and it's gold. But people should understand fully that this is a risky play that requires several things to fall into place before we really run
We are in trips because this company is flakey on official shareholder communication with regards to share structure and use of funds, lets see a real plan and some explanation as to where money is being spent to build shareholder value and actually build a company. At this point all we get are recycled tweets with little verifiable fact. A real pr more than a 140 character tweet recycling a news article from 2014 would go along way. Perhaps a website that doesn't look as if it was created with Netscape in mind and a clear picture of some actual revenue producing technology or pharmaceutical papers in peer reviewed journals, We see more about general marijuana industry what ifs than anything txtm is actually doing to further value. We all know medical marijuana is coming to South Africa, show us how you actually plan to capitalize on that with more than a simple picture of a totally Empty brick building and reports of firing a shady CEO
Well I am hopeful that you are correct as I have around 15mm shares here but I just don't think we have the funding or infrastructure to be on that level
The price if we suddenly had licensing would be astronomical. This is because it is highly unlikely that such an event would take place. We would be at .003/.004 just on news that the medical innovation bill was passed by parliament. If a license was granted we would be easily above a cent. The probability that that happens is slim to none based on the fact that protext pharma is really a nobody in the market. South Africa will likely pass the bill and grant license to a state run corporation because that is what is financially responsible for the people of South Africa. Even if licensing were granted to private industry we have little to offer in terms of pharmaceutical market share compared to any number of far bigger players. The fact is we are a nothing company with high hopes and have raised investor interest based on the fact that the reward would be insane if the cards fell as we have been led to believe. It is a super risky play that has been fueled by knowing if it happened we would all be rich.
I'm hopeful that we will reach .003/.004 when news breaks that South Africa has ratified the marijuana bill but have no hope or faith in the fact the txtm will be successful past that point, We will run on speculation but when license starts happening we will no doubt not be in the top 10. My best advice after ratification take your profits and play licensing with free shares only!
This has literally been years, I'm holding till the bitter end but c'mon I know I'm just pissing my money away, and you should too. There will be no financials provided here, no massive revenues, this whole thing was a big joke perpetuated by a few people who made fortunes fusing trips to .01, don't get me wrong I'm holding a few mission still but I know the final outcome
Stacking 7 on the ask is not helping. Someone wants out, not looking to be a good day here. With no material news and still no confirmation of medical innovation bill being on the docket, this is what we can expect and if and when the 23rd passes with no real news , strap in for a long waiting game, don't get me wrong as the bbw says there is potential here but there is a lot of risk, and with the company largely quiet other than posting old news reports largely based on South Africa and not on direct company dealings, this looks bad. Still in it hoping for a win but I'm not going to pretend this is gold quite yet, could use more than a few tweets from management especially heading into next week on the downtrend
If you've been following my communication with South Africa over the past few days.... I have been waiting on a reply regarding confirmation of supposed date change to 10/23/17 they we got from the protxtm tweet.. I just received an email back from Yvonne Mandulane. She acknolodged receipt of my questions and forwarded them to Johannes Kgatla , whom I am expecting an actual answer from. This is not a huge event but I'm glad that they even acknolodged receipt of my questions and it does give me a bit of hope
Yeah, now we need someone to buy 22mm more 8's. Someone's got 17k to scoop em.
It's going to take actual news to get this moving, no more fluff will work. We have all seen the same articles linked onninstagram and twitter for months with literally no new news. still no response from anyone in sa parliament, regarding the 23rd as new date for ratification briefing... I'm guessing There will be no response. Anyhow good luck.
Still no confirmation seriousonly but I believe I will hear back soon.
https://www.gcis.gov.za/gcis/pdf/government_27.pdf#page12. Here is the directory for the members of the health ministry, I have reached out for confirmation of 10/23/2017 for date of hearing On medical innovation bill I have not yet received a response but will update as/if they come in
This is starting to get comical! Don't expect anything on the 23rd, until we see it on the parliament official schedule I'm calling bs
6's are filling, this was expected....and very recently warned about, at this point if we find out the 10/13 date was fiction this is done, either way most people are already bagholding...
For the sake of being positive, it may take until Monday to really have any material info. Don't panic sell now
Well Well well, what do you know, so much for my 14500000 tickets to the moon! Should have listened to my better judgement loaded today not yesterday, we will see more 6's by days end , if you didn't flip to ride free shares I'll see you at the bagholders meeting!
https://www.parliament.gov.za/whatson There is also a link for PDF version. Disregard the "tv schedule". That's not what I am referring to
I'm not talking about an update with results... I'm talking about their actual scheduled events such as what bills are being introduced, when the proceedings are taking place and so on, the schedule is rather extensive with each says timeline spelled out, I'm saying there is no sign of this issue anywhere on the docket
There is nothing on PARLIAMENT.GOV.ZA relating to any of this supposed news or ratification, the only mention of today's date came from a memo put out by TXTM. I don't even see anything about a vote regarding this subject anywhere on parliaments schedule. Now I hate to be talking trash here as I have a nice position here but to me it's not looking great.
It's going to be the start of a very long weekend that's for sure, everyone waiting for news out of South Africa. I hope we get some volume today in anticipation but I'm guessing we go sideways until news hits.
Well despite my skepticism here, I bought 10mm more shares today , here's to hoping we get
Some good news in the next few days!
Just curious, where does is say that SA parliament is voting on this tomorrow? I can't seem to find it listed on the parliaments website of upcoming events.
Has anyone contacted bmkr to verify they have actually been hired to complete the audits?
I am not trying to shake anyone loose here. Just trying to save people from watching profits they could easily take disappear, it's strange how the otc reacts to news or lack there of when a ticker has been so hyped in the week immediately preceding supposed news. Like I said $TXTM imo will most likely see new highs but I'd bet it's not as impending as has been hyped if people don't see something on 10/13. I mean S Africa could disappoint a lot of people and for all any of us know this could get shot down on Friday. Just being cautious, not only here but everywhere in the OTC.
Good luck, I surely hope we see new highs in short order!
These periods of silence from Rich are deafening...he reads these boards no doubt, but to stop responding to emails and no updates while the price tanks and volume dries up is scary, the dilution is a non issue here for me because I feel that was properly accounted for in various past reports, however we should at least be given the courtesy of some form of communication from the CEO when people are getting so shook. I'm long here and see the value but I'm not going to lie and say I'm totally happy with the way rumors and fearmongering are allowed to perpetuate from non communication. It wouldn't be all that hard to issue a statement dispelling reverse split rumors and talks of suspension... it would go along way to at least give us longs some reassurance that we made the right choice.
If Friday comes and goes with no update this will be back to .0005 however that's not entirely bad because eventually it will run, Sourh Africa will change the marijuana laws but in reality it is probably not happening this week.
Its a gamble but if you're in at .0007 or under you shouldn't be mad at 50% return, cash out at .001 tomorrow and ride free shares...or watch it disappear if we don't get news. Trust me I want the news now, I was in it during the last run From .0007-0054 so I'm sure it can happen but don't be shocked if it takes a few more months.
I think it was mid October for q3 fins
I'm glad to see BBQ back In it....