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Here is a recent article:
FORMER REPUBLICAN ATTORNEY GENERAL SAYS JEFF SESSIONS'S WAR ON MARIJUANA IS A WASTE OF TIME
http://www.newsweek.com/former-ag-sessions-war-weed-waste-time-719514
Towards the bottom of the page it says "94 percent of the country supports medical marijuana, according to an August Quinnipiac poll."
That seems high to me but US acceptance of Medical Marijuana is higher than recreational us.
In the end OWCP really doesn't have anything to do with none medical application. People aren't going to get high off their cream and nearly 42 states allow hemp oil (High CBD, Low THC) If we were planning on marketing the Medical Cannabis Cream in the us it would have to have met the federal standard for THC more than likely (if they were looking at national suppliers)
War on Drugs or not 42 states have legalized MJ/hemp in some form or fashion. The people have spoken. For those wishing to have another term in office they best listen.
VA has approved MJ for Veterans use. And Active Duty just changed the MJ use requirement to be much more lax. (that was this past week)
Agree. We see the 50 day SME cross the 200 day SME within a month. Golden Cross is coming. Then big news drops and we go cosmic. The time is coming.
I noticed that too. Thats not a bad revenue stream depending on operating cost. Has anyone found a 10k for 2016 year end? I don't see how in the world a company can have a market cap of 34 million and be doing 160 a year in revenue unless that's barely enough to keep them afloat. I really think if anything is true here that they are talking about a licensing deal. OWCP wouldn't sell for less than a billion. They know they are worth more than even that. But a 50 to 100 million dollar up front licence and 75% royalty for the medical cannabis cream (what we have been calling cosmetic grade) would be reasonable for the US and Asia markets (They also have a headquarters in asia)
Yeah this looks very familiar to wallstreet whispers. Not sure who is acquiring who in this tweet but MTEX only has a market cap of 34 million. They don't have the money for us.
This is also the Wiki of the company: Mannatech is a multinational multi-level marketing firm that sells dietary supplements and personal care products, with a history of false claims and lawsuits.
The only way that I could see OWCP doing something with them is 1. they do sale skin products so this would open up a good market for revenue. So working out a licensing deal would be a possibility but thats it 2. OWCP buys the company and fires the leadership team and replaces them with Honorable individuals.
Just my thoughts on this but it seems a lot like the wallstreet whispers. We know our product has the proof to make claims but you have heard of guilty by association, or lie with dogs and you will get flees.
Agreed. I can't wait till Monday to see what is going to happen this coming week. Its been nice to see what OWCP start trending back north.
Cherry... I agree they need a good PR campaign but before they do that... they need to fix that 5 year olds attempt at a website. You can announce that you have a great product but if someone visits that site they will laugh and move on.
The money is in the localdispensery website right now. It's worth 10+ million.
Guys and Gals we all know where we are going. The time to get there is open. That said... lets get to the next resistance level at 0.74 and work our way up from there. There is no reason to run to 20 bucks if we gap here because MMs will do everything they can to fill the gap.
As of today as related to our comparable we are worth 1.25+ With news we are worth much more but we have to get there and 30% increases a week will get us up there soon enough.
Patience my friends... Patience
(But if you don't own all you want to at this point. BUY IT while you can)
I think Midas is right. We might have a little resistance at the 200 SME but I believe we will break through and then channel between .74ish and the 200 SME. That is without news. With news we got over a buck easy.
Personally I hope that we have a stair step up to this level and one more to over a dollar before news hits. There is no reason to give an excuse for the company to ever come back down to these levels. (a gap or some crap like that) Short interest is near nothing right now so they aren't going to get burned. They are accumulating and flipping right now. After the next run they will short but as someone did a comparison we should easily be over 1 dollar right now just on our fundamentals. We are way undervalued.
Spot on. Great post. Thank you for taking the time to map it out.
Stocktrademan- quick question. How long did it take for the coins to show up in your wallet from CPU mining. Have been running for hours now and don't see any transactions or anything happening but CPU has been hard at work.
How long did it take for tokens to start showing up in your account. Have been running a few hours with a decent computer and nothing showing yet.
I don't think we will creep into the .60s. We will likely push through 200 day SME and tap .70 and bounce off as that is the next level of resistance. With no news we will churn between the two for a week then smack 1.10. With news we are waiting on we go over a dollar and beyond like a hot knife and warm butter. There will be no resistance. I have a strong feeling we are ending the days of anything less than dollars.
Nice chart. She is tight between 0.48 and 0.46. Something is going to give and my bet is that it breaks out northward and continues the recent trend. Might not be today and if not Monday is set up nice for another leg up.
yes we do. Wishing I would have sold some other stocks to fund a larger purchase here but that's alright. We should see some good returns but the float is even locked up because the private placement shares are not accessible for trading yet. That leaves what... The split was a ratio of 6 so there is less than 17% of the OS able to be traded right now for likely the next month.
12% of float has been traded above 0.45 in the last 2 weeks and most well above that. I think it's safe to say we have a nice firm base at this level. One last time to test it. I expect it to hold and then upward to the next step.
My GUESS is that we see another breakout on either Monday or Wednesday without news. With TSX or MOUs converted to purchase orders we fun to a dollar in a day from this level.
It's happening but its in the first stages of the uptrend. OWCP will likely set new 52 week highs within the next 3 months.
32 million Canadians and nearly 37 million Californians are about ready to forever change the MJ market. And we have MOUs in place for our medical cannabis creams in both markets.
I would not be surprised to see a spike past 10 dollars PPS during 2018. And if we hear more about any NDAs with Big Pharma all bets are off how high we will go.
This is a NASDAQ seasoned leadership team and they are not playing OTC games. It has become obvious in the last 4 months that they are in full control and will execute as they strategically see fit and in the best interest of the company. Do some D&D on these individuals and you will see why I'm so confident. Past success show cases the retained skills and abilities for future success.
I'm not selling a single share until 5-10 dollars and then only 10% of what I hold. By 2020 OWCP will be worth 30+ dollars a share. At these load levels I'm willing to hold for a few years to see my investment grown into the millions.
VERY Soon. My count down said likely this week but I strongly suspect within the next 2 to 3 weeks. After all OWCP is working to perform certain milestones along a timeline that creates a synergistic effect to raise market cap ultimately leading to Nasdaq listing.
OWCP leadership has told us everything we need to know. This is not a penny stock so lets not treat it like one or have the expectation that they will act like one.
Load 'em and hold 'em =)
This is the loading zone. Flippers should have flipped and now are looking for deals. We have a solid base at 0.01.
Agree. Thank you for updating the Ibox.
Also it should noted that although OWCP is going to be listing on the Canadian exchange in preparation for their formal legalization (who OWCP have several MOUs in the works) OWCP also has California (who's population is larger than Canada) going live January 1 (who Owcp has also been working through MOUs).
It's about to get real hot very quickly.
That answer is not a simple one.
OWCP is not a US focused company. It's a global company. The US money interested in MJ is currently in the Canadian market. If you look at similar companies in the Canadian exchange you will see that we are note even close to comparables market cap for similar status. So when OWCP cross-list it will be very undervalued for that exchange. I expect that we will see a nice bump as money pours in. Beyond that the TSX has a good relationship with the SEC so when they see their regulations being broken they will call the SEC and we won't have the "games" we are so accustom to.
Not expecting news this week but Monday could be the TSX cross-listing. Won't see these prices again once that occurs.
Love the consolidation that we have had. More than 10% of total shares traded above 0.46-0.47 support level. We are set up for the next stair step with or without news. Once substantial news hits we move northward fast. I would like to see us have another step or two and be somewhere between .70 and a buck before cross listing but we are due any day for that. Then revenue shortly after.
Things are starting to warm up and we will be boiling by end of Feb and likely many dollars.
Localdispensory.com or whatever it is called is a 10 million plus revenue site by itself.
There is definitely a lot to be desired on the site layout/content and social promotion but the dispensary site is worth a ton.
Revenue will start pouring in and the PPS will adjust. Not worried. Just flippers selling the news.
Love what I have here. This is reasonably (based on other companies in similar status of IP and future possibilities) 150 million market cap and that is likely very conservative.
We shall see. Expecting big things here.
Good for you... But weren't you also up well over 100k yesterday... so netting some nice positive numbers so far this week... and in time the amount down today will be reversed and pushed much higher.
Actually 50day SMA just moved past the 100day SMA. 200day SMA is at 0.66 which could be a line of resistance. Golden cross likely to form towards the end of December to mid January... Couple that with news of sales and the wall street conference in Feb and we will easily set new highs. Makes todays prices look cheap.
It's funny... It's like an advertisement... buy today and in 3 months you have a chance to cash out for 600% to 1000% percent gain.
not a bad close.. close to the support level which means likely slightly down in the morning then bounce off support and move northwards. If you didn't buy today. Tomorrow might be the day as support had held pretty good and we now have over around 8% total shares traded at this levels. Flippers are out and shares are in new stronger hands. Likely will see buying at support level and move us off of it. Next resistance level is .70. Should bounce off it without news. With news we pass it like it wasn't hardly there.
Very Nice.
Looks like they are going to push her down today but setting up nicely for green tomorrow. I'll take it. 40k up... 16k down.... churn close green for the week.... 40k up... 16k down... churn close green for the week... repeat stairs until big news drops... Rocket Up... slight pull back... churn... stair steps up... big news drops... Rocket up... repeat
Holding long well past new year highs. Looking over the next few years this is a wish you had bought stock and current 52 week highs will be long long gone and people will say they wished they had entered under 10 dollars.
Holding a multi-billion dollar company here folks!!!
Green is coming!!!
Well. Good example of selling the hype. The site content and look is disappointing. But the bright side is that the company is now revenue producing. And for a company with this small of a share count... well it doesn't take much to huge price movements.
The site will improve and so will content. You don't get much for pennies in the way of content. The dispensary website will be a huge revenue producer and likely will generate 10+ million revenue a year by itself.
People will regret not buying here as the dispensary website alone with worth a lot more than our Market Cap. Website content will improve as revenue starts to flow in.
Honestly right now we are trading at a negative multiple of what the company is worth.
Or for some it's called... Oh Sh*t I sold thinking it was going back to the 0.30s. As a long... and the many other longs here who have watched this stock for nearly a year or more... it's so easy to read what will happen.
I expect that 10% of the float will have been traded in the last two days by today end. That with a two day established resistance/support line at .46-.47 ish with multiple tests confirming it and 10% of total shares traded above this line. I think we can see there is an interest in continuing the movement upward. Would not be surprised to close the week near the next level of resistance just over .70. If TSX cross-listing this week I think we would blow past a dollar.
Personally would prefer to move upward in stair steps as much as possible and then let cross-list act as our elevator upward and tsx regulators and interest in just how undervalued we are compared to other TSX listed MMJ plays stabilize our share price.
But after that the movement upwards isn't done. Distribution deal announcements and product on shelves driving revenue is the next play. Don't know if we will see revenue in 2017 Q4 but I expect the 10Q from 2018 Q1 will have show we are well on our way or already covering the 300k quarterly capital burn rate. Translated... owcp will have become self funding and salaries, research, and share buy back will be a possibility, but definitely no need to issue additional shares for capital. It should be noted that according to the last 10Q OWCP is funded through Q2 2018 at this time.
Wise move. There is a new pattern and it's upward... Look at what happened last time this had a big move... It pulled back the next day... stabalized... then started moving back up and closed the week green. I expect to see that continue. Feel sorry for those who sold there shares and waiting for something in the 30s. Won't happen this time. We are in the tread section of the next stair step.
You are right though... These stair steps are leading to an elevator. Would love to be as high as we possibly could before then because we will likely have a gap when that happens.
Still holding mine and still have my target to sell 10% of my holdings at 5-10 bucks. No pumping just know what I own. Have been in since feb and never sold a share. Up or down.. Biopharma is my field of expertise and I know what I have invested in here. Only selling 10% in that range because I want my play money back for other things.
Still waiting for my 100k day Money2013. It will come with OWCP and then some. Looking forward to swings upwards of a dollar sometime in 2018 or 2019. But who knows might see that sooner if we ink a deal with Big Pharma.
agree. Still think this leg has some run left though with the Leaving it along announcement from the US administration and any day expecting cross listing news to the tsx. Which we will look like a steal with out low market cap and great fundamentals/leadership team. If we are not over a dollar before we cross list we will be very shortly after. I don't know about setting new highs in 2017 but 2018 we definitely will.
I keep getting 40,000. Doesnt matter still not selling until 5-10 bucks a share and only 10% then.
10% between 5-10
20%-10-20
20%-20-30
50%- who knows