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We haven't hit this kind of volume since June 7th. We could easily see this get to $0.02/share by the end of the year if the momentum continues. Perhaps even higher!
I sure hope so. We have been very patient with ACOL this year. I hope we are in store for something great. Would be great to see it exceed 10 million volume today.
This may be the biggest trading day since June 12th. This was the last time it exceeded a volume of 10,000,000 shares traded. 95 minutes to go!
I do think it's a positive we are averaging over 2 million shares trading daily this month. For a while we had several days we didn't even hit 1 million. I think as we get closer to year end, the ramp up for CA may drive MJ stocks up. I'm hoping we start seeing 10 million+ shares trading daily before year end. The EZ deal and an uplisting will also take care of that.
Thanks for the update BillyBob. I'm hopeful the stock gets to $0.01-$02 by year end. Obviously I was hoping for $0.04-$0.05 but that's not going to happen any time soon.
I have my fingers crossed the EZ deal is complete by December 31st. An uplisting by then would be a great Christmas present as well. If not, 2018 looks to be a good year with CA and Canada going legal. I don't anticipate any big jumps in the stock price until after Q1 results are posted in May as well as Q3 next November. If Jeff Sessions gets fired that will probably boost MJ stocks as well. I'm just going for some fireworks prior to year end before CA gets going.
I'm going to roll the dice and hold onto this stock throughout the remainder of the year. If they don't close on EZ and/or uplist it will just be the status quo. The 10-Q was a huge disappointment and the only other drivers between these two things will be CA and Canada. The stock won't move much until May when the Q1 10-Q is released to see how CA sales fared as well as the 10-Q next November after Canada has gone legal.
Agreed. I thought about it and will probably hold throughout 2018. I'll re-assess next December.
I think I need to sell for a whopping loss and move on. 9 months and nothing but disappointment.
If we don't get any major catalysts by the end of the year this stock will just perform status quo. Then we will have to wait until Q1 financials are released in May to see how CA is performing. Hopefully Canada goes legal next summer and then this stock takes off a year from now. Hard to believe it is where it is now compared to where it was 9 months ago. According to BillyBob's conversation with Jack Rein the 10-Q due by Thursday should be good but not great. The price may move a little but it could stay exactly where it is. The EZ deal, uplisting and/or buyback, and other partnerships need to happen for this thing to take off. Until then, this stock will just simmer where it is.
If it gets back to $0.02/share I'll sell and move in. The management of this company does not have shareholders in mind first.
A lot of it was emotional. Needless to say I made a very expensive mistake and I'm paying the price for it......daily. They say the definition of insanity is doing the same thing over and over again and expecting a different result. I track the price of this stock and look for news everyday but each and every day this stock sinks and no good news is released therefore deeming me insane, and I own it at this point. Its truly disheartening. I can guarantee I have more dollars invested in this company than most people on this board so I'm just as invested in this company as them, if not more.
Shaark and I are not the same person. You're just one of the dreamers on here thinking this stock is going to come back to $0.05 at some point.
To answer Shaark's question, yes I invested approximately $110,000 in this stock. My shares are worth less than $25,000 at this point. I paid $0.04/share back in February and right around %0.0175 about two months ago on a dip. I did a fair amount of DD. It got up to $0.05/share but then took a nosedive within 2 days so even if I was looking for a flip I would have lost money. This stock has continued to sink.
We all have to be realistic that the company doesn't have the cash on hand to afford a reasonable share buyback. They don't communicate enough with investors, this EZ deal is taking forever for some reason, and if they have the money to uplist why don't they? They just keep allowing their companies stock is sink each and every day while the overall market is breaking records. Why can't you people admit to any of this? Numbers don't lie. I'm an investor in this company just like all of you but you would think this stock would be flying with all the great news this year and it simply hasn't. There are far more sellers than buyers and the volume has dropped significantly. Management is to blame for the woes. I truly have no choice but to stay invested in this company. It saddens me at the end of each day to see my net worth drop significantly.
Can a stock go down to $0/share? This one is on its way. I invested over 100k in this company and I've lost almost everything on paper. I can see why people took their lives back in the 20's when the stock market tanked. This company is one giant disappointment.
Yep. I truly thought it was going to keep running for a little while longer. It came tumbling down within 2 days of hitting $0.05 which I didn't see coming. I even sat on the sidelines for 3 months and pulled the trigger at this price. Just stunned that after the Boveda announcement this stock came tumbling down and has continued to do so. They definitely need an aggressive share buyback program, more acquisitions, and an uplisting. I'm just upset that management truly doesn't care about its shareholders for allowing this stock to tumble the way it has. That has to tell you something about the management of this company.
Is there any chance this thing hits $.04 before year end?
Where is the loading? There are far more sellers than buyers which is why the price is dropping. There are no institutional buyers loading up. The price and volume would skyrocket if that were the case.
We have no choice. Either sit on it or sell for a massive loss. Management should be fired for what they are allowing to happen.
Take a look this morning. This stock is almost officially at 0. Completely pathetic. Awful management to let this happen. I can't wait until I can exit this horrible investment. Its just truly depressing.
I’m stuck with this stock for quite a long time unfortunately. My losses would be astonishing if I sold. Pretty pathetic for a company that is doing do well. Jack Rein is a douche.
How anyone of you can defend this stock is beyond me. It’s hitting such low prices that even a good PR isn’t going to get this thing to $0.01. I have no idea what’s happened with this stock over the past year. Truly a sad story. All risk and no reward at all.
Agreed! The stock market has been breaking records and this stock is getting decimated each and every day. Management does not care about the stockholders at all.
This thing may hit 0 by next Friday. Woo hoo!
Management at this company truly sucks. To allow it to plummet like it has is just disgusting. Assholes.
Awesome stock! Just awesome. It really delivers gains. Haha!
Why not pick up some even cheaper tomorrow? Or cheaper than that on Monday. Or cheaper than Monday on Tuesday? Etc, etc.
I hope you’re right! I just want to break even at this point.
Lesson learned.
It’s the same tune all the time on this board. Not many people on here want to admit the truth. This is a crappy stock. And someone posts it has made millionaires. WTF! It’s made people paper poor.
What?!!!!!! Haha! This was funny.
I feel this stock is going to continue to decline until the 10Q comes out next week. Even at the level its at now what makes you think this stock is going to exceed $0.01 next week? Look at the last 10Q and how the stock reacted. There is no rocket science when valuing this stock. Unless they buy EZ and uplist this stock has very little upward mobility. There are simply no investors. Everyone is selling.
With a good 10-Q due by next Thursday you may see this stock rally to $.01. Without uplisting or buying EZ forget it. We will just be sitting around waiting until the next 10-Q in February or until they actually accomplish what they say they will in 2017. We have 62 days left in the year to see if they can pull these things off. If not, May might be a good month after they report their earnings post California legalization.
Sure. I guess it's been nothing but flippers since February. Why will anything change?
Good luck with all those riches about to come your way green. Haha! Let’s see where this stock sinks to today.
Ha! Yeah....ok.
There are no $$ made with this stock. It’s entertaining to see some people who think there is. I was one of them and my confidence in this stock is shot.
Bearish? Are you blind? This stock sinks daily. Even a good PR will only drive the price so high.
I plan on holding until the beginning of the year and then I'm going to reassess this investment. I feel it can get to $0.02 by 12/31 if they:
1) Report a good 3rd quarter
2) Finally purchase EZ
3) Uplist
If they don't accomplish all 3 of these things by year end this stock will be going into 2018 at around $0.01 or below. Even a good 3rd quarter report isn't going to drive this stock up over $0.01 in my opinion. The retail investors will sell off for a quick profit and then where are right back to where we are now. Waiting for something to happen.
And how long did that last?
The only way to make money on this stock is to buy at a price point like we currently have and then unload as soon as you make a quick profit or hold for a very long time as this stock is not a medium horizon (1 month-1 year hold) stock to hold as we can all see. Patience or a quick flip. Or you're saving up for a down payment on a house within a year or a car don't put a lot of money in this company as you'll be way down constantly between now and a year.