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Your multiplication is a little off....
Why would they dilute if they have that much cash per share? Serious question.
That's the most ridiculous story I've heard in a while.
Nice. I added to my warrant hoard yesterday too.
DO you actually think it'll rebound that much? The street clearly doesn't like the reverse split.
It's not really an OTC stock in the way you're thinking. This is a completely normal reporting Canadian company. They will not operate like a pink. Honestly, the website newcannabisventures.com is pretty on point with keeping readers updated. Other option would be to create a free SeekingAlpha account and follow the company. If you download the app you'll get a notification when anything happens.
Again, this is not like one of the pos US weed companies. It's going to do very well long term and is positioning itself accordingly. Great board and the head of the pharmaceutical division is the ex-CEO of Purdue pharma. Also have a decent amount of cash to finish their main expansion project.
This Q won't reflect any of the synergies that will be created by the acquisition so I think it looks pretty good. It'll only get better and it's nice to see that 3-month revenue. The cost for revenue will decrease as revenues increase.
I agree that a consistent uptrend would be better. Unfortunately, I think a lot of people are waiting for a quick flip. Hopefully there are enough strong hands who realize how far this can run. In this case, the big money will come to those who wait.
We can't get very far over it!
Hopefully people are finally realizing what we have here.
I think this is great news. I'll be interested to see what the offering entails though. Crowd funding sites are a good way to access capital but the deal could be anything from horrible toxic debt to a straight forward private placement type offering at a reasonable pps discount. Hopefully the latter (which I would expect).
Go $HMPQ
Thanks boss
What are you referring to when you mention a bill passing? Is there a US federal bill being tabled?
I own this. I'm not discrediting the co.
Didn't miss a thing. I'm in. Just not sure why you're posting ridiculous numbers. $35 pps? Lol
Just so you know, this PR was retracted and changed to "announces" from "signs"
WTF are you talking about?
This is such a good merger for both FRZT and Munzee shareholders. Both companies have opposing strengths, so combined they can turn into a Rovio competitor.
Next stop, Coppertown!
Makes sense he would be president. This is essentially a reverse takeover. Munzee shareholders will own the majority of the company. Still a great deal for FRZT shareholders though. This thing should take off soon.
20,000 are lots. A lot of shares make up a lot in OTC. You can look up the number online. It changes based on share price.
You're correct with your assumption. It's just a different number of shares that need to be bought than you think.
Definitely going to be worth it to hang on for the ride!
You clearly don't understand how the stock market works. Just because another company in the same industry has hit a $10 share price does not mean another will. If they have the exact same share structure, then yes, they could.
Prior to tossing out a random number, you should multiply that number against the total OS to see what the market capitalization would be. If you do that here, you'll find that you arrive at a $30 Billion valuation. Even a $1 share price is a long shot, but potentially doable in a few years.
I'm long DEWM and think great things are coming our way, but please don't toss such ridiculous numbers out. You lose credibility when you say things like that. Say smart things and people will listen. :)
What?
The ask is so thin that as soon as there is more interest this will spike. A $2,000 buy just made the price jump 20%.
I love it.
That note dilutes the XREE share structure, not XTRN. It just dilutes their per share ownership of XTRN. Also, the conversion price that you just stated is above the current XTRN pps meaning we are trading at a discount. Since XTRN shareholders do not have a restriction we should actually be trading at a slight premium. For that reason, XTRN is trading around a 70% discount to XREE.
Just to clarify what she's saying. The support team does not know when/where they are releasing. I'm sure people higher up know what the deployment plan is.
Was today a good day? I must have missed something.
Ya, and a $5 buyout would be almost 5 times higher than the valuation. This person is nuts if they think that would ever happen. I'd ecstatic if it was a $0.20 buyout.
I keep telling people that too. I'm long and strong but when people make predictions of $1 it sounds like everyone has no idea what they're talking about and they lose credibility. $30 billion market cap?
Let's aim for something realistic and all make money at the same time. $0.20 is aggressive but potentially doable (within time).
Wouldn't be surprised if someone accidentally put a market buy order. It's so thin.
That's a very common phrase when selling something. It seems like slang but it technically means there are no stipulations around that part of the payment. It's actually a good thing to see. You could be paid money in a variety of ways and over different timelines. Cash is cash.
$10+?!?! Are you insane? I'm long but to state that this can turn into a $30 Billion company is completely nuts.
I mean...I'd love to retire off this.
Can you elaborate?
They need 60% of OS which is around 2.3 Billion. They do not need 60% of A/S (5 Billion). That's the number of shares they are legally allowed to dilute to. The more they dilute the harder it is to get to the 60% number so they have stopped dilution. OS hasn't changed in the last few weeks.
Seriously. Not the greatest chart since inception. I really don't think we can go much lower than current levels though. Load up and lock them down for the long haul.
Your estimation it correct. Hopefully we see the start of a reversal by September and then a slow uphill movement through to the new year. It really depends on when the House of Commons resumes discussion after their summer break and when they discuss the legalization plan. They will try to get everything done for the announced date of July 1st so a lot of the current unknowns should be clear by Q1. Smooth sailing from their. That's also when a lot of the current buildouts will start to come online and yield crops so there should be a lot of catalysts. Hang in there!
That's not the worst case valuation. That's the best case valuation. If you are basing it off of revenue alone you are saying in the best case scenario they have zero expenses.
You can use revenue as a valuation tool but you also need to pay attention to other factors. Revenue of $100 million means nothing when it requires $101 million of annual expenses to generate. That's a business that will eventually go bankrupt.
I'm not saying that's what's happening here though. I'm long Bulova but you shouldn't be telling people that calculating a pps based on revenue alone is the worst case scenario.
That makes sense. The market cap my broker displays is indicative of a smaller OS count than what the OTC site has.
That means a $1.15 SP at the $1 Billion valuation. Now all we need is Mr. Market to recognize a fraction of that value and we're laughing.
Well done!
Now let's get the eff away from sub penny territory.
Where does it say that the price is $20 Million cash? Can you please provide a link to the press release? All I've seen is a cash and share combination to a maximum of $100,000 cash. It's almost 100% a share exchange from what I can see.