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The first time the audit is for years not quaters, after that its quarterly
so yes, the first audit report does take 3-4 months to complete
I believe they have to report the financials by a certain date, but I don't think it will be the audited ones.
I expect the audited financials to be in a separate PR
Its very normal for OTC stocks to file late whether the financials are good or bad, seen both
I don't believe they ever gave a timeline on the audit, and there should not be a panic if we don't get them this week.
They will release it when it is completed, this should not be rushed because stock holders are getting impatient, IMO
When did they start the audit? It take 3-4 months from there
I don't see anything scheduled to come out today on Etrade
But it should come out sometime this week
I don't think its related, the stock has been trading in this range for a very long time, its good that it has held up for so long and now we are at the triangle point
If anything it has stabilized and found a strong base!
whats with all these 4900 buys and sells?
The CEO seemed very comfortable about it
My money is on Long :)
yes, but no sellers even though there is a huge ask showing!
Hopefully we can take it down today and move on :)
First of all this is not a new conversation or concern, its politics with big money behind this, lets not forget if Pot is legalize it will hurt the tobacco and Alcohol industries and there are people lobbying for that reason alone.
Secondly, there are many drug companies and products that do really really well with multi-million dollar revenues. If it does deemed as a drug then they will be a potential buyout candidate for those companies.
Eitherway, POTN will do well and it will adjust to different political environments, IMO
Also, their pet products are their number one seller which is a whole different market!
I'm extremely bullish on this stock and also believe eventually Pot will be legalized worldwide, but just like Alcohol it will have oppositions at first.
GLTA
Agreed!
If the buying pressure picks up here, we can see lift off out of this range, IMHO
thank you
He didn't say anything interesting or new that we didn't already know
New merchandise on the horizon, as the regulations change so does the potential of the company, desire to uplist in the near future and the reason for the audited financials
He could have used the opportunity to excite the investors a little more, but honestly I don't think it made any difference except I feel more confident about the financials. He seems very confident about that
overall everything we already know :)
Testing trend line on very low volume
And to you, its a tug of war right now, but the chart and volume are pointing a strong upward trend
Lets see :)
And I assume you sold and are waiting to buy lower?
You may have your chance or you may not, I don't know and neither do you, but until I see this pattern break, I'm holding and buying more :)
LOL! The market makers are much smarter than that, it is never that simple
MM make money on both long and short side, if you believe a stock can never go up in OTC then you should just short everything all the time :)
The truth is you are just guessing
Chart setups are much more reliable than guesses in my opinion
Many well known penny-stock traders, trade solely based on charts and volume
Charts always matter whether its OTC or Nasdaq
sure, that would be a great Head and Shoulder fake throwback if that ever happens :) It will make the move/chart even stronger!
Look at the chart, if it wanted to go all the way down, it had plenty of opportunity the past 5 months :)
what makes a market is sellers and buyers, all those sellers you see have buyers thats why we are trading side ways.
The selling will stop but not the buying, what direction will it go then?
Exactly!
more bullish chart indicator:
falling wedge breakout formation on the 1 month chart: see below
https://www.marketgeeks.com/wp-content/uploads/2013/04/rising-and-falling-wedge.gif[url][/url][tag]insert-text-here[/tag]
anything can happen but multiple indicators are forming a bullish signal
All IMHO only
Anything can happen but I'm expecting a much larger move with the right news and volume, see the link below
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:symmetrical_triangle_continuation[url][/url][tag]insert-text-here[/tag]
Don't get shaken out of the Head and Shoulder fake throwback, where the stock does a fake move to the down side in this case before taking off
Research/google Head and shoulder and fake throwbacks
Its coiling for a big move IMHO
Head and Shoulder setup on the six month chart, a very strong strong bullish indicator
With the tightening of the range and the head and should formation the indication is upward breakout!
Just my humble opinion :)
Maybe you should educate yourself a little more :)
I see strength here and a very strong support, that can only mean one thing
But if you are a momentum trader as I would assume you are based on your comment, this type of setup is not for you!
You should trade stocks based on volume and volatility rather than long term setups and fundamentals, IMHO
Good luck to all!
I disagree, its been trading in a very tight range for a while now. It has bounced off its support line 3 times in the past week alone and has formed a symmetrical triangle. It has gone through a consolidation period of 4+ months, people who were flipping this back and forth are selling right now to move on else where.
In my opinion it will need to pick a direction soon, and the selling pressure is drying.
I assume whomever wanted to sell has sold or will within the next few days.
This will start to move up after that, IMHO
Remember the longer it says in this range the bigger the pop :)
GLTA
This is very low volume walk down, doesn't mean anything
Day traders are leaving, the chart shows strong accumulation in this level for a few months now, symmetrical triangle looking to break out of its range!
Charts matter! This stock has been bought and sold over and over again in this level, people buying are holding longer term or for higher prices. The people who are selling already made their profit and are ready to move elsewhere.
The next move will be very very strong IMHO!
Just hold on!
RSI is low and ADX is rising :)
LONG and STRONG
That seemed like the last pull back before lift off
Whomever has been selling really needed to sell this last bulk
Lets see what happens :)
When are they due to announce Q3?
Those large block sale orders are being picked up quickly by the MM today, I believe short covering, seen it before
You can tell when the order/sale price is below the Bid price in large volume
This should get interesting soon, but I will start to worry if we continue to stay in this level next week instead of moving up.
All in my own humble opinion :)
Long $POTN
Agreed! Yes, I'm very surprised myself that he did make more of an effort to keep the PPS higher when he had the chance.
But I really think he is in a tough spot right now himself with promises that were made long before the trucking business.
But here is somethings that are different and beginning to take shape:
1)Toxic debt have stopped indefinitely for now
2)no notes are due under 0.02 as far as I can tell, unless something has changed. (please check this and let me know if I'm wrong) All other notes are not transferable at these levels.
3) Real company, employees, revenue and growth
4)focusing on the profitable trucking business
5)lowering debt by selling additional businesses (no doubt whatever money comes in from this will go directly to lowering debt)
6)ambition to move up to other boards (He needs higher PPS to accomplish this= $$$$ for us)
7)much better group of traders/investors on board creating awareness and buzz (not going to be long before whales join in)
7)I do not fear R/S as long as it is not followed by further dilution
8)beginning of last year, our revenue was 1/10 and our debt was around 40 M (we have come a long way since)
If he would give out more steady info, maybe a twitter account, the PPS would normalize a little bit more, IMO
GLTA
I get your point, but here is the flip side:
The company has 1:1 ration of Debt/Assets right now plus revenue that is increasing heavily
All of the dilution and more could have easily been absorbed at 40ish area if the retail dumping had allowed it.
So is it the dilution thats keeping the stock down or fearful traders looking to get rich overnight?
No I'm not! All pinkies have dilution and none of them have the revenue or the asset that BTGI has, they are trade at higher values
Its not the dilution, it could be the fear of it though, IMO
What does that mean exactly? I honestly can't figure out why investors are so quick to sell this as soon as it finds legs
This company has a very bright future and I don't see the O/S changing that much compared to our volume
We should be trading much higher
What am I missing here?
Agreed 100%
I have always said that Flippers and day traders were the biggest problem with this stock!
Seen it over and over again here!
And the stock would still be undervalued!!!!