is...finding the next runners
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I would imagine that if Ron was not acting on behalf of DPWW at the time the fraud took place, the SEC is not necessarily going to go after DPWW. In other words, Ron the individual wears many hats.
Having said that, it's not good news, I would rather trust the CEO.
But the fact that Ron may be watched closely for the foreseeable future may prevent him from engaging in sketchy behavior, at least for now.
I'm sorry about your loss, bro, I really am.
Just trying to be optimistic.
I'm pretty heavy in the red with this one, so I'm not a happy camper either.
The way I see it, if the float stays low and we see good news, this thing could move very quickly to the upside.
The Ron Throgmartin news is bad, but it's 3 months old, and the settlement already happened. Ron has to clean up his act, and he may have just gotten the wake up call he needed. Shareholders may have over-reacted when they dumped. Definitely worth watching.
Thanks Jelly
According to Nello, Ron "has subsequently settled with the SEC with no further action".
"The settlement was complete over 3 months ago".
Most of the cannabis sector is down right now. It tends to happen in the summer/early fall.
I see some good, and some bad in this stock.
Bad: Safe banking act probably wont pass the senate.
Unknown: If we stay above a penny we may weather the storm, but if we drop below a penny we could suffer through another reverse split or go pink.
Good: Market cap is at $827,202, seems undervalued.
Bad: But authorized shares are listed as being 840,000,000
Outstanding shares 70,101,901.
Good: Float is listed as 39,479,984 shares.
39,479,984 x .0118= $465,864, basically the cost of a house.
They've been diluting, but I've seen much worse.
They are trickling out additional shares incrementally so as not to completely destroy the price per share.
If they continue diluting and/or announce a reverse split many will dump shares, but some of us will average down on a violent dip.
Angry investors who dumped for a loss are not helping with negative posts that will scare away new potential buyers
Tax loss harvesting is less than 3 months away.
Not an easy decision.
Holding is a must for me anyways. Selling could be a mistake of a lifetime. I've seen how these cannabis stocks can run with the right catalyst. I have time, GLTA
I have been accumulating for over a year and I don't plan on selling anytime soon. Yes, my position is red, but I have been averaging down. I suffered through the reverse split but I have been stubbornly holding. Buys only, no sells. My average is just below 7 cents. I am jealous of anyone who can accumulate 175,000 shares at an average below that. GLTA
I hope flippers enjoy their beer money
looks like they're letting it run
#5 on Breakout Boards!
Just got filled at .0021
Someone just dumped almost 20,000,000 shares
CDEL ask wall just disappeared. They had no intention of selling, just trying to shake out weak hands
CDEL just put a big wall up at .0169
Someone may be spoofing to accumulate more before it's too late
ETRF 333,333 ask wall at .0175
https://www.otcmarkets.com/stock/DPWW/quote
If we can plow through that it's go time.
If you refuse to slap the ask, put your fishing orders in, you may get one more dip
Even the fattest kid in the pool can't keep the beach ball underwater forever. Buying pressure building
I wouldn't be surprised if we close above .02 today.
Lots of eyes on DPWW
#7 on breakout board
Market cap $976,549
Crazy not to buy at these levels
https://www.otcmarkets.com/stock/DPWW/security
I don't think the t-trades are keeping the stock from going down in this case, as implied in the bottom paragraph below. I see that the buys are NOT knocking down the ask walls, so it seems to me that the MMs are preventing the stock from going up.
I asked an informed trader about t-trades and this is what she replied:
"MMs don't have to show all orders. The rules governing that are complicated, and I don't understand them all. But there may at any time be big orders you don't know about. Level II isn't the Rosetta Stone. It doesn't tell you everything. The MMs themselves have Level III, which shows much more about what's going on.
T-trades are executed during the trading session, but not reported until after the bell. Sometimes, the MM just closes out the transaction and prints it shortly before the close. He may even do that earlier in the day. Those trades show on the tape as "out of sequence", or "averaged trades".
T-trades are almost always sells. They don't have to be, but usually they're done by toxic financiers dumping. The seller hires the MM to work off his order. They agree on an average price for the trades, or at least on a desired average price. The idea is not to tank the stock any more than is necessary to execute the trades. That's because the toxic funder is likely to have more to sell, and wants to get the best possible execution. He'll pay the MM about 1.25% of the value of the trades as a fee. Sometimes the MM takes it in stock, which is why the price for the averaged trade may be below the bid."
15:02:15 (2 minutes 15 seconds after market closed) 423,000 shares @ .01547 posted on time and sales.
If level 2 had matched up with time and sales this thing would've run hard.
I'm not seeing the ask walls get knocked down when I see buys on 'time and sales' today. Seems like this is being held down. Same thing happened the other day at .0145. Now it's happening at .016.
Seems like a group or individual is spoofing this ticker to load up and/or flip shares.
I've been seeing equal/similar sized amounts at both the bid and the ask 5 or so ticks apart. They create a channel to keep the price under their control.
If the ask gets slapped hard, they sometimes add more to build the wall back up.
They control the high and low of each day while loading up at the low of each day from scared sellers, and they try to sell the shares back at the high of the day from people slapping the ask.
Every day the new channel they create falls lower.
Also, could it be that the great 'earnings' are nothing more than money generated from parcels of shares sold for special prices to their partners? I want to know the breakdown of earnings: how much is generated from sales of products, how much is generated from sales of diluted shares.
I figured there would be some enthusiastic posts here today.
This is trading thin now.
I like what I'm seeing
Hi Sanderson. Read PotterBanker's posts. He has explained a cause for the recent price action. It was temporarily halted on the CSE, but was still trading on the OTC, causing irregularities. They also recently had favorable earnings report. Good luck
OTC website: market cap under $2 million as of yesterday.
I guess we're a little above that as of today since we gained 8.33%
Market Cap
$1,835,320 -09/06/2018
Authorized Shares
840,000,000 -08/06/2018
Outstanding Shares
321,986,018 -08/16/2018
Restricted
186,223,402 -07/20/2018
Unrestricted
108,324,384 -07/20/2018
Has there been dilution since 8/16?
If not, this is the best kept secret in the MJ sector (IMO)
Been bag holding for a while, sold none.
averaged down the other day.
Guess I'll get more.
Absurd
They went public during a bullish time of year (December 14, 2016) for $2.50 usd a share. Nine days later it ripped up to an all time high of $3.80 usd on December 23rd 2016. Emmbf and the bigger name Canadian cultivators all rose substantially but all dipped hard after the Dec '16/Jan '17 exuberance.
Emblem had no price history to look at on the charts, since it was so young. Makes it difficult for those who base trades largely on technicals/price history because there was no previous support established. Since then it has formed lower highs and lower lows, while the bigger names have been bullish long term.
If we bust out above the April 16, 2018 recent high of $1.39 we could see the first long term bullish trend ever established on the long term chart.
A lot of early adopters of emmbf are holding bags, or they sold for a loss and never looked back at this ticker. The bigger names have a cult following but this one is a sleeper. I see opportunity here. Less hype, good value. A great laggard play imo. Good luck all.
Congrats bro you nailed it
Thanks for clarifying man, appreciate it
Holy moly, 1,786,453 ask wall at .031 on think or swim. Could that be accurate? Is it a glitch?
Watching time and sales along with level 2 on think or swim. Not lining up. Trades were going down on time and sales when ask was getting slapped, but ask amount stayed the same even though the walls should have been gobbled up. Been happening for days. Had to lock in gains. I'm out of this for now
I think you're right. I do expect a short term dip though. Gonna accumulate again, hopefully under a dollar, and continue scaling in if it keeps going down. When this company went public the sector was on the upswing, then the whole sector sold off soon after, and people got burned, so sentiment is low for this ticker. People forgot about it or have I'll feelings toward it. The price to earnings ratio and future potential is actually reasonable compared to some of the bigger names. Just my opinion, I could be wrong.
I loaded up on this one for the Canada catalyst. Figured I would try a laggard play. The big name Canadian cultivators had run up over the last few years but this one stayed behind. I was expecting an eruption but no such luck. Started scaling out over the last few days. People were stacking the ask, keeping it down. I will accumulate under a dollar if I get a chance, but this ticker doesn't have cult following like the big Canadian Cultivators do. Hard to bust through those walls when there's no bid
Good strategy. This chart reminds me of a heart pulse monitor.
Not that I know of. This one pumps about every six months (over the last couple of years), especially in Jan, but to a lesser degree in June. I think it latches on to the hype when the overall MJ sector moves. The ask starts out thin on the way up after dry spells, and the ask parcels are scattered in even increments at first, usually 5,000 to 10,000 shares each. Watching level 2 and time/sales is helpful to me with this one. When the ask walls get bigger it loses momentum. I scaled out part of my position today, will hope for more upward momentum tomorrow and get out when level 2 gets scary. It falls as fast as it goes up. I like to buy this when it's dragging on the bottom and wait patiently for the pump to happen. I wouldn't try to chase it unless you can monitor it closely
Ole Faithful! $MYHI$
Stellar is now 50% value of Ripple. I don't think it's ever been at a 1-2 ratio before. Go XLM $$$$$
CNZCF BULLISH
Ticker stayed the same, but new name. International Zeolite now
I added today. Gobbled up more shares at .0112...Great day to get cheapies. Holding til August. Go $ACOL$
Thanks for your thoughts Chili Verde. I see this as the last chance to put some fishing orders in and hope they get filled. A one month delay is not a good reason to sell IMO. I like that this company can play the US sector and the Canadian sector simultaneously, and I like the sales growth. They have put at least one PR out every month since August, except for October... If that trend continues there should be a PR out soon. Been holding a core position since November... may as well hold/add on dips IMO
Canadian sector is falling today. I imagine it's because of the reported delay in implementation. I read that August is now the catalyst month, not July. Did anyone else hear that or does anyone know of another reason or reasons that the Canadian sector is dropping?