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Spam-city here. Usually means thats a good time to buy
No way it has 2.5bil with how fast it moved yesterday. Dude is full of crap.
Dude is full of crap. There is no RS. The SOS filing says nothing about an RS, just a ploy to get cheaper shares. Filing only says AS of 1bil, which is the same as its been (see otcmarkets.com “security details” tab). I feel bad for those that sold on the false information.
Insiders wouldnt RS this anyway... they own nearly half of the OS... theyd be screwing themselves over... use your brains people
Company has been quiet since new CEO appointed and name change to Eliseo Capital. Anybody been in touch with the company?
Whoa someone needs to step away from the keyboard haha
Looks like he nailed it
People need to quit selling into the bid. CFGN on both bid and ask trying to cover, and morons are selling to the bid and letting them
Low volume making it seem like Asher either already sold their shares (causing the decline to .03s), or Asher is planning on holding until higher levels to sell
Provided a nice buy opportunity too, as i was able to grab .03s to add to my pile
Nice to get that lawsuit resolved, and at the price of 1mil shares, that seems like a good/less harmful deal than letting it linger over the company.
Never been one to bash, but man what the hell is this company doing? This amount of share selling is ridiculous, and just when it seems to level out and build a base, they release good news to sell into even more.
Imo bid support is strong partially because of last sentence on page 3 of last quarterly
https://backend.otcmarkets.com/otcapi/company/financial-report/232470/content
No outstanding debt or convertibles. That makes risk very low at this low pps.
Not sure what you’d be weeping about... 10q looks decent with:
- no change in SS since 9/30/19 (still the same as updated on otcmarkets)
- no convertible debt until 2023 (page 7 table b), which is pretty unheard of in the otc (especially at this pps)
- tons of insider ownership of common stock (page 10, table under 7), >18% of the OS is in the hands of the directors/officers
- revenue and gross profit growth for yet another quarter.
Not exactly setting the world on fire, but stock does seem undervalued at the current pps. I’ve definitely seen worse.
Nice DD RagingBobNY! Things are about to get interesting here!
Got a link?
Good call. Nearly tripled OS since last update. I’ll be waiting to add once the selling slows down
Sos filing for a merger. Doesnt seem like many have seen it yet.
Thats what it looked like to me too
Sporty’s track record speaks for itself. Will be looking to add dips here
Solid, not a lot of sellers down here
Share structure looks good. Any idea how the float is so low at 54mil? Do insiders really own the other 269mil? If so, that is a very good sign
Knew that RS was coming here
Not saying u have to be happy about the dilution just that an NT is not a “sky is falling” event.
I only say relax because emotions do not promote good trading
Relax they posted an NT for their most recent 10k too and still ended up filing it in the grace period.
Well said!
Thanks for that info. I wasnt aware the products have been on Amazon.
Sounds like a marketing campaign is needed to get them selling then. Hopefully the partnership in the 3/8/19 pr is just the beginning of their market efforts.
Agreed on the news front too, updates are needed.
Thats nice to see. A product on Amazon and selected as “Amazon’s Choice.”
Anybody familiar with the significance of being an “Amazon’s Choice” product? Ive definitely seen tickers run hard from just having a product on Amazon, but never came across “Amazon’s Choice.”
Definitely could have been handled better, but there are communities in mich that would/will welcome PAOG with open arms so they just need to make sure they have the right one picked out this time.
This delay is a big part of the reason that the pps is so low, so hopefully lesson is learned. Until then, pps provides a nice buy opportunity assuming the ship is getting righted.
No worries, it is kind of confusing that Romulus is opting out instead of following the state’s lead.
See my other post: i live near Romulus so if PAOG picks a new location near there, i will try to provide some recon dd for the board.
Take care
I agree things will take some time, but i think transparency and updates (like the video) will help turn things around by generating some interest from investors (and hopefully fix your bag situation).
If they stick to a location near Romulus, MI, i will be able to visit and provide updates to the board as i live nearby. I also have friends in the Clio, MI area where PAOG is attending the conference and releasing Cannophen, so ill check around and see if anyone i know is attending.
No he said the certain district, Romulus Michigan, has opted not to allow cannabis (for any company or user, not just PAOG), so they are going to pick a new location. Applications for LARA in Michigan are to be submitted this month (likely after the new location is decided), so PAOG was never rejected.
I appreciate the explanation, makes a lot more sense to me now.
Sounds like the $7mil rev from 2018 may pale in comparison to the apple and amazon cases.
Thanks
Anybody know what some of these lawsuits might be worth?
I see >$7mil rev in 2018 on the last 10k, but it seems that came from licensing rather than litigation.
Any thoughts?
Thanks
Made some good money selling the spikes here over the last couple months, but im done with mjtv after that ridiculous AS increase.
Good luck to those still in
Thats what i thought too but it held up pretty nice on Friday with that information public.
But i fully expect them to do an RS at some point now that theyve put it in writing. It wouldnt make sense to put that in writing (risking harm to the sp), if they werent going to pursue it.
Unfortunately he is right according to the 10k under subsequent events:
“January 24, 2019, the Company recommended that the shareholders act to authorize the board to effect a reverse split of the Company’s common stock in any amount up to 200 to one at any time within one year of the date of the authorization, at the board’s discretion. The reverse was approved by the majority shareholders however, has not been approved by the Board or FINRA as of the date of the filing.”
The board and finra just havent approved it yet, but it does look the the company is trying to pursue one.
True but if they were considering it in January, and it has since been taken off the table or the board of directors denied it, then that would be good info. By no means do i expect that, but crazier things have happened.
Good point, still would like to hear from the company comment on this, so i may try to reach out to them after work today. If i get info ill be sure to post
Not trying to bash here as i do own shares, but thats a pretty narrow way of looking at it. The very next line says the expectation is that those shares be returned to the trust/ceo. So hes really not taking much risk.
My other concern with the 10q is the RS in the subsequent events section:
“January 24, 2019, the Company recommended that the shareholders act to authorize the board to effect a reverse split of the Company’s common stock in any amount up to 200 to one at any time within one year of the date of the authorization, at the board’s discretion. The reverse was approved by the majority shareholders however, has not been approved by the Board or FINRA as of the date of the filing.”
Has this been clarified with the company and i just missed it? Really disappointed to see that. Any info the board has would be greatly appreciated. Hoping for some good news
Just throwing my 2 cents in here, chief is legit. I started following him about a year ago, and it has definitely been beneficial. Dude has called a lot of heavy runners