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Could be.... The only other person really is JF and family... with the legal cost he has to deal with. Supposedly the other company still has eyes from SEC on other traders and I'm sure they are looking at all JF's assets.
Complete speculation though.... Considering that initial value for PP holders is 12 cents I would hope that the leadership understanding the how loud it will get if PPS drops down below that point.
I do suspect we will have material events soon... I do wonder if the shutdown is effecting the CSE listing.
The only other person who I could suspect would be the former owner of KDRH (I think that was the previous ticker)... they got a ton of shares from the purchase and likely had them locked up for a specified period of time.
Not sure why everyone thought there would be a PR... They are attending the conference... not presenting... they already noted in an 8k that phase 1 was completed. I don't believe they technically have to tell us the results other than they were completed and of course since these were healthy patients that it was successful.
I'm glad they are at the conference... I suspect there is more reason to be there then just to meet with shareholders... This is likely a business meeting and their reason for sharing their visit publicly was for anyone interested to go speak with them. i.e. Fantasyland crawling out of the basement... they came all this way. Surely people can make it to CA since they won't take up the invite to go to Israel.
I expect this to be a big nothing... but I do think we are to the point that it's time to slowly load as we will get updates on current status and a roadmap update soon.
Notice no mention of the 30 minute cross....
The point would be a product on shelves and revenue coming in... As a substantial share holder for several years now... I don't think anyone will care whose flag it's flying under if it's an income stream.
Bingo....
Remember the firm that put 5 million into the company has a voice in what's happening. Just reading between the lines and the dots on the wall here but my strong belief is that they will have a "cosmetic" application in markets having shown clinical proof of working and with the recent farm bill which eliminates production and transportation concerns which makes the economy of scale much more viable then it was even a few months ago.
It was only speculation that there would be any kind of announcement. I honestly don't expect anything. That said I could be incorrect. I do look for an update on phase 2 beginning. I believe phase 1 is completed if I recall and suspect we have heard all we will about that. Commencement of phase 2 is the news I'm looking for. I also strongly believe we will have product on the shelves and revenue before the end of 2019.
This chart is clearly pointing up. Looking to continue confirmation of this by losing above 16.5 cents. Looks like next resistance level is 19.4 cents followed by 0.28 from what I'm seeing.
Very near a Golden Cross on the hourly and we are currently above the 50 SMA for the first time in a long time.
Regal Consulting Services likely purchased... so something to look forward to.
http://www.regalconsultingllc.com/marketing-ir/
We have a resistance level at 15 cents and we need to break above that and then close above 20 cents which is just over another resistance level. Unless we get crazy news it looks like the absolute max is 31 cents and most likely 19.5 cents will prove to be the top if we keep up good buy volume.
It is... look at the volume the last week. Friday was 10000 shares traded. The end of the day was done on purpose by someone. Small volume days and shares locked up. This will be the case until we get on CSX and have some good news and PR. But what is so easy to paint down will be just as easy to paint up.
I think we all will be just fine in 2019. I anticipate movement on the legalization for medical use front, we need updates on the orphan drug study request, and also know that the cse listing is forthcoming. If someone needs a quick out they likely will have their chance several times in 2019.
These levels are very nice buying prices... I didn't anticipate we would fall this low but obviously a PPShareholder needed some funds. No problems there... just temporary pain and transition of shares/wealth.
No reason to express frustration... you invested in an early biopharma company with no revenue for the potential of future value. Patents are only considered of value if there is a way to determine their value which often times is only after another company offers to purchase the license or patent. Right now... technically the company is worth near nothing. I say near because the fact they are in good standing and listed on the OTC has value. Currently NXEN is trading at a higher multiple than any NASDAQ stock.
Just saying... no reason to be frustrated... you invested into a company for the future value not at it's current value... your funds will return when they start to realize some of that value otherwise you always have a nice tax write-off should you sell or they not realize that value in your timeline.
As for me I've got more than I need. I'm in the red also at this point but strongly believe I will wish I would have purchased more at these levels in the coming years. And yes I'm planning to hold that long if that is what it takes to reach a true value which I believe the company's value potential has..
I would venture to say that the selling is predominately over from someone liquidating their holdings. Now it's time to find bottom which we should be there or very near and wait for csx listing. I imagine with that and a little news we will quickly move up as things are likely very very tight.
That would be a heck of a move from .19 cents at the moment to over 2 dollars.
Loving this. Nice to go straight for comparison with GWs. This is significant. The completion of Phase 1 Clinical Trials is significant and I Suspect with certainty Big Name Pharma is aware of OWCP and is awaiting completion of phase 1 and entering phase 2. 2019 and into 2020 will be good years for OWCP no matter what happens in the border market.
I think this group can execute. That said... this is the first day I remember in a while that someone didn't dump into the bid.... selling off of PPS complete?
Dare we venture to guess that whoever was selling off is not or soon will be sold out.
Loving this... Even though the quote is not from a business perspective its great to see NXEN in Forbes.
Interest the divergence from the MMJ market and the rest of the healthcare sector and for that matter the whole market.
50 day moving average is 16 cents so if OWCP can get above that and hold OWCP will likely go to 20 cents (200 day moving average) and then will need to retest 16 before the next step up but I suspect OWCP will trade between the 50 and 200 day moving average for some time (possibly back down to these levels) before OWCP moves back up. SMA's are tightening plain and simple and when Phase 2 begins OWCP will draw Big Pharma interest.
2019 is going to be a good year. 2020 will be a great year.
Could be. Why a PP holder would invest money into something and sell at these levels is beyond me. I would hold the price at 25 cents at least. Crazy these prices are....
But that is coming from a PP holder who has doubled their position. 2 dollars for the next round of warrants in January will mean some heavy movement on price it it's to be accomplished. I can say I hope it does but who knows. I didn't buy for short term gains... I bought for what I thought and now see they are capable of. One announcement of interested governments in their chemical warfare antidote and being on the CSE and we could see a massive buying interest and a lot of short calls.
I hope they do some PR about the CBE announcement between now and the second week of January and then cross list with a big announcement. That would get some attention and then put it on peoples radars as they rebuy things they sold for tax reasons.
Let us hope we see from fruits from the farm bill come over this way.
The good news is the traded volume seems to have set a new level and slowly keeps increasing. If indeed we are seeing a lot of shorts then with news and some PR then we will seek a heck of a short squeeze most likely. Not many people who have bought below 50 cents and have shares in this range are willing to let them go for a loss with the potential. It will be interesting when the CSE opens up and NXEN is available for large funds to purchase.
Don't forget as part of NEXIEN assets is an industrial cold press for extractions. This is something everyone forgets and honestly it isn't in the direction of the company but could see a revenue generation from access to the product. They were offering it by purchase or lease.
I agree. I don't like holding bags but at these prices even the PP Shareholders aren't making much of anything. Their initial round is 12 cents. I dont see a sell off we we get down around there but I do think the company will be hearing from them if we do. At the end of the day I don't believe the intention of NXEN is to stay on the OTC but to uplist as soon as possible.
Seeing how things shape up I'm happy to hold for a year or two to get the prices I want. I highly doubt they will be doing capital raises at these low prices which also means leadership isn't getting paid. I would expect to see capital raises above the 50 cent mark at least and realistically at or above the 2 dollar market since that is last warrant price.
Got my bids in and letting it come to me if people are going to continue to sell. There just isn't enough interest (really I think not enough people know about the stock) to overcome the selling pressure. I look for that to change in the near future with the CSE listing and I could see them doing a media campaign at that point. That said I also understand that they need to provide the ability to create liquidity on a run. Many PP holders will be to holding into multi dollar land so even on a nice run (if it's on tangible news) I doubt you would see many cash shares at. I mean this is so tight that it ran to 1.48 not 2 months ago on news of a ticker change which has nothing to do with the value of the company.
To me this is just load zone even if it take a couple years to get to where we are going I don't suspect these prices will be this low. PP initial entry is 12 cents. Anything below that and they are in a loss.
I highly suspect this is to cover other market losses or cease on buying down big board tickers.
That said.... I think 2019 is going to be a heck of an awesome year in general for MMJ companies. I truly expect that we will see the reclassification of MJ which will open the doors for public funded studies and for large funds to begin investing in sound companies. It appears that NXEN knows and expects this and is planning to capitalize on it. I would not be surprised to see a huge boost in share price when we enter the CSE and then an announcement with the intent to uplist to a more heavily regulated exchange that would require share place at 4 bucks or higher. This would come with an announcement of a deal with a government most likely at which time I'm sure we would get a lot of notice and see come awesome opportunities. This may play out into 2020 but for those that invest at these levels I think that since tech is a little played out the market will move to another industry and Pharma specifically MMJ has never been so prime. JMO
Yup.. still here... still holding strong.
I think I'm sitting at 230k shares at the moment. Many more have more shares. I do wish I would have put more in during the private placement but it was a tough decision going in somewhat blind. Would like more but we will see. Market is so violent right now it's crazy.
Thanks for the 18s. I think 11s are out of the question because the original investments for the PP was 12. I mean it could dip but I think buy shows up in mass at that level. JMO
No reason for this to tank today other than the market. The CSE deal was a set back and could have been handled much better but at the end of the day we will likely be listed before Christmas (Remember what was said in the interview). I also dont suspect they will make any announcements of other material events until after the cse listing... which I suspect there are still some remaining.
I'm seriously considering buying a 100k worth of shares... this is stupid low. Invest only what you can live without but dang this is getting crazy low... when listed on the cse and available for institutional money they will see how undervalued it is. NXEN has made it clear they don't plan to hang around on the OTC long. And I'm so happy for that decision.
True... I know many others here hold a certain other MMJ OTC stock that was also to list on the CSE and other international markets. NXEN is a fledgling but within reasonable timing they keep the shareholders updated. Though it might be some time before we see multi-dollars I feel confident we will see them and likely more. As for the other one.... well I'm like many others have funds there and am incredibly disappointed with what on paper seemed like a rock star team. Obviously the seasoned execs there never did any of the actual work. The difference is NXEN at least at this point seems to be producing results and taking action. As long as they are moving forward and delivering tangible and verifiable steps I think we have a winner. Thats why I'm looking forward to the CSE cross listing so much.
i would assume at this point they are cancelled. i for one have more than doubled my holdings at these levels. i'm still net black and hope to see whoever is selling exhaust their shares soon. i rather them do so now and let strong hands buy here then go to the CSE and let institutional money come in.
I plan to hold for several years unless we see a crazy run on no news... if that happen i'll be taking some profit but not until we are multi-dollar range.
Well thanks to whoever gave me another 30k shares today. Really appreciate it. Keep dumping... The shares I buy are getting locked up for a little while and I'm not going to let shares slip through my fingers. Crazy how low we are trading.
Complete speculation here but Imagine what a deal with Pfizer, or even GW would do overnight.
I would take the class B and C warrant money and buy shares back at below what the warrants were offered for.... reduce the float... then offer the shares for sell at higher levels after some news. With the 1 and 2 dollar warrants and this strategy I would have raised my 5mm to get a pay day, build investor sentiment, position the company more favorably, and if some PP holder wants to sell at steeply discounted prices I would do it all again or shorters want to play... then I would do it all again. I would never have to issue another share other than what is currently available and just leverage the cycles. Child's Play. This is what another company several of us hold should be doing.
Thanks for the 21s today... Up to 200k shares now.
I really don't know why a PP holder would be selling at these levels. It's a 100x gain here but still. With the CSE cross list and major funds able to trade on that market it doesn't make sense to me why people would be selling.
Definitely appreciate the post. That said... Even though I have half a million shares I'm still very frustrated at leadership for not communicating on the status of their research when they have made public timelines. They continue let the company fade into near nothing which does not protect the investor, the company, or the research. Though I'm glad there is movement and getting things done I'm concerned for their inability to protect market cap.
That said... when news does come out that product is on shelves, or phase 2 is approved I suspect we will see a short squeeze to a crazy level. Until then investor sentiment is only slightly better than funds run by Bernie Madoff.
Thanks to whoever gave me 20k shares between .21-.22 today. I'll return them after a 10x+ return.
Well Phase 1 results are set to be released this week. Phase 2 starting soon. I would suspect with phase 2 trials starting that we see a nice movement north into dollar land again especially with the MMJ markets in the US becoming much more favorable.