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Ched,
I'm a respected follower of yours and I certainly don't want to scratch the nerves of others but can I ask your input after todays closing on the charts? The closing didn't have have the big breakout as presumed over the weekend and it's still trading within the descending wedge with more tightness. If it keeps consistent, tomorrow closes at .0035-.0038. Not at all what I want as a long I'm holding but curious to hear what a veteran investor has for input. Thanks!
Ched, any chance in your respected opinion your chart shows a descending wedge on the daily starting from Aug 1st?
Oh my! This is getting very interesting as the Falling Wedge on the technicals is literally moving text book even the volume is lowering. The MACD and RSI could be higher but it's still very relative to what is taking shape here. Tighter and tighter it's getting so the next few days should be interesting. I'm not pumping this up, you can look for yourself on the daily since August 1st how it's trending. I'm long like many of you, hoping this this pops and goes way up like it's suppose to.
I know many have promoted technical patterns don't apply in OTCB stocks but if we look at BVTK on the daily going back to it's high close of .0075 on 7/31 and the lowest close on 8/29 at .003, I think we'll see a descending triangle with multiple bounces that's getting closer to it's tipping point. I'm staying positive as a holder of BVTK since April but we need Tom to help break the pattern it's currently on and SOON.
And that's why you ask Janice, straight truth and solid info.
Much appreciated Janice.
FYI for anyone looking for a legal perspective: http://www.businesswire.com/news/home/20170908005766/en/BITCOIN-CAPITAL-INVESTOR-ALERT-Faruqi-Faruqi-LLP
Janice, could you enlighten us the upcoming steps for BITCF to get taken out of greys and a possible timeline? I know some have said companies can be labeled a "grey" stock for years with success but I'm curious to hear an educated investors opinion the route and potential it may or may not have?
Thanks Lucky my dog! I'm betting the China ban won't hold and expect it to be overlooked very soon by the many Chinese investors. Money talks in the Chinese government and those holding the most have the influence. JMO.
Apparently China has announced they are looking to disallow bitcoin to be traded which has caused a fear in the bitcoin market today. So expect that market to dump heavy today as this is just a fear tactic but won't last. It's impacting all the bitcoin markets this AM but the positive is you always buy the fear, sell the news!
Someone is trying to manipulate the price here! The .0018 all came in at the same time but in different sizes.
Whoever bought 10K @ .11 is looking like a genius in the early going!
I had every intention of selling at the open regardless the price but I'm pleasantly surprised how the first 5 mins have shown. I've reconsidered to hold and as this is looking to have more value than promoted from the scare SEC put on us.
Thanks Janice for the timely and helpful retort. I'd hoped it could be taken off the greys just as easily as it was put on by the SEC. I'll make sure to call my local broker also what I should expect on gameday when this shiny POS turns into a pumpkin.
I'm using Scottrade so when BITCF goes live after the hault, does anyone know or have experienced the hassles needed to trade when the bell rings in Sept 8th? Can we trade it online as normal or do we need to have our local brokerage trade it for us?
If the SEC finds compliance met and the hault doesn't send us to the greys (I know it's hopeful so refrain from bashing) then I would expect an immediate dump followed up positive movement in the following weeks. If it goes to the greys, I'd assume this will turn into a tax loss.
Question for the veteran or savvy stock investors regarding todays BVTK & ABHI direction!
BVTK and ABHI obviously have a connection as of last Friday's announcement but BVTK is seeing a much opposite effect today than ABHI. So is this considered normal or can it be a negative?
Only serious answers please and I'm BVTK long BTW. Thanks folks!
Hey Trust The Process, you still plan on sharing your DD today?
Thanks TenKay for the timely response!
Question for the savvy and experienced OTC investors? Now that the 10K has been released, will this remove the stop sign? If not, what's the next step to have it removed?
Info for the longs.......
This link doesn't directly mention BVTK but it does help boost the markets need for towers and BVTKs JV should insure we are investing in the right company at the right time.
https://www.markmanspivotalpoint.com/digital-media/new-real-estate-boom-data-centers-cell-towers/
Best of luck to all of us going long!
I'm so, so glad I didn't dump shares this AM! I bought in when it was at 0006 and contemplated all weekend if I should sell based on news over the weekend.
I'm with Scottrade as well so does this mean we have TOTAL loss? My account is showing complete blank and not even a zero.
Novus Strengthens its Position as Many Major Insurers Exit ACA Marketplace
Introduction of Cannabis Health Savings Accounts
Marketwired MarketwiredJune 6, 2017Comment
MIAMI, FL--(Marketwired - Jun 6, 2017) - Novus Acquisition and Development Corp. ( OTC PINK : NDEV ), the nation's first healthcare insurance carrier/aggregator in the medical cannabis sector, announced today its new benefit plan, Cannabis Health Savings Account ("CHSA") to its insurance arsenal.
NOVUS
Health |Life | Liability
Many of the nation's major health insurers are exiting the healthcare.gov market place, known as ("InsurExit"). It is nothing short of chaos, and for the Novus MedPlan it's a great time, because in the midst of this chaos there is opportunity. For example:
The Certainty of Chaos
Federal lawmakers from both sides of the aisle will never be happy on healthcare regulation. With the Senate being two votes away from continuing this quagmire for months to come, one thing is certain: with major insurers such as Aetna and Humana continuing their InsurExit from many states, this leaves tens of millions of Americans with little or no coverage at all this coming November.
The Certainty of Opportunity
At Novus after months of careful review on the uncertainty of healthcare we've come to the conclusion that in Washington it's about controlling the budget, whether it's called Affordable Care Act (ACA) or American Healthcare Act (AHCA). One thing is certain: all signs point from a repeal and replace to a reform, packaged under a different name. The opportunity is inherent, with many Americans with little or no healthcare benefits; the Novus MedPlan will step in and fill the gap to bridge consumers and small business employers with tailored healthcare packages that are affordable.
Novus Target Audience
Currently, the casualty rate of the InsurExit is approximately three million enrollees. Those who wait until they are sick or let policies lapse to purchase coverage will incur an extra 30 percent increase of premiums, weighing a hefty price to an already expensive healthcare environment. How does Novus contribute to the lowering healthcare cost with their cannabis medplan packages?
Unveiling Of Cannabis Health Savings Account
As we develop our cannabis health insurance infrastructure, one area of expansion is a tax-free Cannabis Health Savings Account (CHSA). Coined from the Health Savings Account "HSA" is a tax-advantaged medical savings program where the taxpayer(s) who is enrolled in a high-deductible health plan (HDHP) will get relief from first dollar expenses. Consumers contribute funds through their employer to an account that can be applied towards special medical needs that are covered by the Novus MedPlan.
This will be particularly advantageous to the American worker adding $2,750 to $13,000 to the wages of a typical worker with individual or family coverage, respectively. Congress is considering its own HSA plan, Sen. Jeff Flake (R-AZ) and Rep. Dave Brat (R-VA) have introduced legislation to create government sponsored HSA. However with our experience, the legal cannabis medical users would prefer the private market to handle such a task rather than the government.
Novus HSA Helps The Insured With High Deductibles
Employers can place an employee that has a high deductible in CHSA, since Novus is approved for sale of annuities this would comply as long as it's institutional. Some other reasons why Novus is implementing CHSA:
Advantageous if the primary income generator succumbs to catastrophic situation(s),
Maximum out-of-pocket expense can be less than that of a traditional health plan,
CHSA gives flexibility not available in some traditional health plans, which may include dental, orthodontic, vision, and other approved expenses, which Novus has currently established,
Novus CHSA is rolled over for future medical expenses or may be used to reimburse qualified expenses,
Provides discount and/or first-dollar coverage for preventive care such as cannabis meds and other in network healthcare services.
In Closing
Since it was proposed during the Reagan Bush Administration HSA's have witnessed steady growth. With Novus tailored benefit packages targeting cannabis and the needs of healthcare for the consumer, this provides an attractive, savings option for Americans who want their healthcare more affordable. The CHSA plan will be geared to 20 million lives covered, and continued enrollment with the proposal of new healthcare reform, which Novus will continually monitor for new opportunities.
References And Third Party Research:
http://kff.org/health-reform/issue-brief/preliminary-data-on-insurer-exits-and-entrants-in-2017-affordable-care-act-marketplaces/
https://www.ahip.org/wp-content/uploads/2017/02/2016_HSASurvey_Draft_2.14.17.pdf
About Novus
Novus Acquisition & Development Corp. ( OTC PINK : NDEV ), through its subsidiary WCIG Insurance, provides health insurance and related insurance solutions within the wellness and medical marijuana industries in states where legal programs exist. Novus has positioned itself to gain market share within many lines of insurance business within and outside of the MMJ sector.
Novus will work as outside developers and will not cultivate, handle, transport grow, extract, dispense, put up for sale, put on the market, vend, deliver, supply, circulate, or trade cannabis or any substances that violate the United States law or the Controlled Substances Act, nor does it intend to do so in the future and will continue to follow state and federal laws. The statements made about specific products have not been evaluated by the United States Food and Drug Administration (FDA) and are not intended to diagnose, treat, cure or prevent disease. All information provided on these press releases or any information contained on or in any product label or packaging is for informational purposes only and is not intended as a substitute for advice from your physician or other health care professional. Once a push notification is competed the transaction is solely between the state-licensed dispensary and the registered patient. The information provided in this press release is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state and all plans proposed or implemented can be changed or modified according to compliance issues by Novus' management.
The state laws are in conflict with the federal Controlled Substances Act. The current administration has effectively stated that it is not an efficient use of resources to direct federal law enforcement agencies to prosecute those lawfully abiding by state designated laws, allowing the use and distribution of medical marijuana. However, there is no guarantee that the current administration, nor any future administration, will not change this policy and decide to enforce the federal laws strongly. Any such change in the federal government's enforcement of current federal laws could cause significant financial changes to Novus Medical Group. While we do not intend to harvest, distribute or sell cannabis or cannabis related products, we may be harmed by a change in enforcement by federal or state governments.
For more information, check out: http://www.getnovusnow.com
For latest NDEV Financial Filing: https://www.otcmarkets.com/stock/NDEV/filings
Learn How Insurance Companies Are Evaluated: http://bit.ly/2ddIYva
Forward-Looking Statements
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. Novus Medical Group disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Stephen Hart
Head of Capital Markets Advisory
New York City - Minneapolis - Phoenix - San Diego
1441 Broadway, Suite 5013
New York, New York 10018
(917) 658-7878
hart@haydenir.com
www.haydenir.com
Please review our disclaimer at http://www.haydenir.com/index.php?static/email_disclaimer
Cheds - If your entry is to buy this dip at .003, what's your suggested exit on this?
This is setting up for a breakout with the tightened MA (4,8) also the volume is low, RSI needs to be above 70 and the MACD above .10. Hope to holds and it would to see it happen today.
My fault KPEEP's, I meant .0004's. Like you, I'll be taking a position this AM.
Not hating or trying to be a troll folks. I'm looking at taking a position as well with CaliPharms and I just happen to see the after hours trade and wanted to contribute to the DD for the group. I would like to see this go well above 4's today.
No after hours trading for KGET? Then help me understand the documented T Form stock trade at 16:10 for 20 million?
http://m.nasdaq.com/symbol/kget/after-hours
Did anyone happen to catch the 20,000,000 shares sold after hours before the PR news hit? Keep that in mind tomorrow AM. I don't want to see anyone get burned.
You want change at GBSN, try this link:
https://www.change.org/p/shareholders-of-stock-symbol-gbsn-resignation-and-replacement-of-the-officers-of-great-basin-scientific
or Contact Info for GBSND:
Betsy Hartman, Great Basin Scientific, Inc.
385.215.3372
ir@gbscience.com
This isn't the first time they've dealt with pissed investors!
Thanks DaReal! That explanation applies to my brokers minimal explanation. Scottrade has its limitations. Probably should look to use another broker. Appreciate everyone's input.
Throw me a bone here folks: Help me understand this so I'm on the same page. I called my broker and my shares have been reversed to 2000:1 split today. I can't make any trades until the reverse has been completed in their system, most likely by end of day. Then I read from another member we CAN'T sell for 20 days and the ticker goes back to GBSN? I greatly appreciate somebody on this board help provide some clarity today's events.
proftstocksny2 - I believe you're correct, not having that valuation report hurts and will push this down. I'm guessing here but I bet we don't see the valuation report until this summer (2nd qrtr) but in the meantime, expect to see more news through public relations and media outlets to keep interest. I bought it real cheap like many others, I like and checked up on the sources it's coming from plus TX state/local government will push Trump eventually to consider this for his yuuuggge job promise to America. Until then, sit back, watch the dump/consolidation/correction or whatever we choose to define it.
TWO THINGS HISTORY HAS TAUGHT US ABOUT TODAY! First, it's very unfortunate that whenever our country has the possibility of going to war or is involved in war tactics, the government spends big money which leads to job creation plus oil & gas have done well. Those who are LONG in MMEX need to stop looking and worrying about share fluctuation every minute and look forward in 6 months to a year and where this will be beyond that.
Secondly, every president we've had who are pro oil & gas supporters (Bush I and Bush II and now Trump) have impacted and will impact the energy world. Yes, I already know and can hear the retorts on the board, "what do the fundamentals say or sell the news/buy the dip" or "this is a pump n dump play" but my point is to the LONGS who've done their DD and bought while it's in the pennies, can see this project will take several years to complete but will lead to a nice nest egg if you're in no hurry.
Expect profitable information coming up, just don't expect it on your timeline.
Just My Opinion!
Yes, the system denied my position and said I had to call my local branch. So when I did, my local branch operator says to me after telling him my request for NSAV, "Are you sure want to do this?" Ha!
WE'LL BE FINE FOLKS!! Yesterday was a healthy consolidation and was expected after the multiple days of running up to .05. It held steady today with no major swings which is normal consolidation and expect tomorrow to trade sideways with small jumps and falls. Don't hit the panic "sell" button just yet, let's push for a good end of day finish with positive momentum and the RSI and MACD trending north and go into the weekend feeling good about hitting new highs next week. IMO!
review the entire filing here: https://www.otcmarkets.com/stock/NDEV/filings.
I find it ironic MMJwizard that the recent decline coincides with Trumps health care repeal not having enough votes and it's possible not going moving forward. My point is I would've figured like yourself with next weeks report, Trumps healthcare plan not moving forward and the steadiness it's been holding the past 2 months this stock would've been moving up in interest and not to the bears. Could be a good time to buy the dip and stay optimistic next weeks report is a boom.
Info for those of us STILL holding NDEV and watching it slide, here is some info worth noting for next week from NDEV's investor consulting firm, Hayden Ir and the Head of Capital Markets Advisory, Stephen Hart:
Thank you very much for your email and interest in Novus (NDEV). Q4 and full year 2016 results will be out next week, likely March 29-30. You are now on my NDEV email distribution list and I will make sure you get updated in real-time.
Purplfox, you have news on NDEV based on your input? Just curious?