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Easy to do, yes. I'm cautiously optimistic about this one, but it is following a pattern the last 5 or so sessions. Nice to see it move to the upside recently, but the trading action is not changing. Looks like it isn't wise to buy at the Open for sure.
Not very thin. Ask is stacking as usual and same mid-morning walk down beginning. It will happen with news I am sure.
IMO I think they are going to take it down to the wire which will give them time to announce a double punch: Signed and delivered LOI and drilling results. They have been working the new drills in the new site for a month now and should have a good idea what they have in the ground.
It's nice to see a company not panicked about the stock price and not diluting the crap out of it which is evident due to low/no volume.
This will hit .08 with any substantial news.
Impacto, what do you think of that last 10 minutes of trading? Wheeeeeeeeeeeeeee.
I think it is a buy, too. Not blaming them. Big sells and only baby buys over .03 is a good indicator.
MMs are cleaning up and will just keep moving this on down.
It sure got close to the 50 day today.
IMO a mistake PRing "projections" and talking about lining up distributors instead of waiting to actually talk about what distributors you're going to use. As in, it's pretty obvious nothing has been signed with anyone.
At least they are claiming a successful harvest. Now if they can turn all that plant into money, we'll be good to go.
That got ugly in a hurry. Pretty sure the company wasn't expecting a run to the exits after that PR yesterday.
Could actually be a good rest of the week. There is no resistance all the way to .07 now.
Oh I know. I'd like to know the answer too.
Go figure.
On top of what I already have. I think we will see .50 by the end of the year. I'll buy Benyam a Christmas present.
I think they will do both. The timing maybe right since they have been drilling for several weeks. I'm close to dropping another 20K on this soon so look out Smitter!
Enlighten me then Nica...
Volume and have the company quit selling shares into every mini-rally. There is no way a big BID gets filled so far under the ASK when the company is sitting tight.
It's systematic and hard to disguise for sure.
Unlimited shares courtesy of the MMs will keep this under .0350.
Chart is looking pretty bad so far today.
stone, wonder how it will work out.
BA Sports already has a drink with that name.
https://www.drinkbodyarmor.com/sports/
It's not oversold, it was overbought during that two day spike. RSI is at an even 50 which bodes well for us I think. All those people who bought at .06 and above are hanging out and waiting or we would have seen much higher volume the last two sessions with people getting out. Just my opinion.
Volume is good. People are just getting loads of shares cheap today.
CDEL will walk that Ask down to .0375 this morning.
CDEL probably unloaded 700 to 800K this week all below .0425. Hope they are done with the low stuff for now. Thanks for the technicals and let's hope for a climb next week!
My apologies. I was referring to the hemp farming act which has no bearing on Colorado. Thanks for the correction.
And that resistance at .05 is a very real thing now. Thought this would just keep moving up.
Really, mainly for insurance purposes. Without the Bill, hemp farmers can't insure their crops like traditional farmers can. There were several small growers recently in North Carolina who lost their entire crop during the last hurricane.
Farm Bill hasn't even moved from when it was introduced in March. Not even to step 2 of 5.
Respectfully I have to disagree with you. How do they make money? That's the one question you have to ask yourself. Their product IMO is a "nice to have" but not necessary. I haven't seen one shred of documentation showing me how they plan to monetize it. The second question you should always ask is how long would they stay in business if they didn't own a ticker?
If you look at the financials here, they have zero revenues. Nothing coming in at all. Wish everyone well here. I bought a ton last week ONLY because I thought there would be a pop with the share reduction and feel fortunate to have gotten out even, nothing lost.
Yeah, NITE and CDEL just had an unlimited number of shares at .0424 and .0425.
And it is thin to .049 if the MMs don't keep it down by filling the gaps.
That 200K at .05 was me. Keep buying in too high of course. Like DD says, this should be an easy .06-.07. Think most people are just taking profits at the moment.
They won't listen to me. LOL
They need to talk to Mellon about increasing their position.
The execs are probably sitting around a table saying now what can we do?
Probably close in the low .02s today. Sad.
And it opens with a whimper...
diamond, if you read my post carefully, I am talking about the future PPS, IMO of course.
Gotta move it up resx!
The company selling shares to sustain operations and make their Note payments? That's the most basic definition I can think of.
At a .03 EPS, it SHOULD be .12, but I would half that because the company is going to be diluting millions of shares from the get go. I'm hoping it stabilizes at .05 and Mellon holds on to see if the company can start generating income from Get Credit Healthy. I haven't see anything that shows a structure on how they will charge for the platform. Maybe subscriptions, per use, etc.