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That’s why am assuming it was vindictive. Seems like those executives only want to hurt the company by whacking the bid. It’s a shame because it did look like a promising company.
Took 10 days for the company to email me back. Can’t get past the receptionist/answering service.. in the email, They claim the reason the executives liquidated was to pay off major tax gains. But, Instead of putting shares out on the offer, they continuously slapped the bid driving the price down. I’m assuming it was vindictive. The ship is sinking, another reason former Mass. Governor, Bill Weld (board member) hightailed it out of there. John Boehnor will be next, as soon as his contract is up. Class action in the works, Murphy deserves what’s coming to him.
3 c suite officers have liquidated major positions in the past 15 days, I believe Daino, Macdonald and leibowitz.. all crushing the bid. Murphy’s (ceo) did just invest 21M fallowing a $2M injection @ $12 in q2 of 2019. Per the company’s q4 pathetic earnings call, they are committed to restructuring corporate hand outs “operating costs”because they are way top heavy. Murphy is trying to keep this alive to move the canopy acquisition forward. He was unsuccessful securing the 100M raise that he’s promised so he’s throwing a hail marry. He’s incompetent and the Canopy deal has flatlined. He’ll get his money back when they liquidate assets but My belief is that they’ll BK in q3 of 2020. Monies that he’s injected was what he stole from shareholders last year. My guess is he has securities fraud and whiteness protection in his future.
Amen Amen! Popcorn time doogdilinger??
Always have to agree with TheSerb, I’m
Married to one! Good luck here folks.
.028 seems to be the resistance. Could fly if we can chew trough those.
Amazing how all the cheerleaders run away once everyone realizes that spom is a toxic scam.
Agreed. Greed by executive’s destroyed this company.
Stating the very obvious, it definitely has the appearance to be ALL dilution...If it is shorts, a squeeze is imminent and gonna be epic.
Bearing dilution, why wouldn’t these greedy idiots let it breath and recover for a minute? The dump would be at a considerably higher prices. Even the dumbest of the dumb can put that math together.
Guess we’re answering our own question but still makes you want to vomit, daily. I sincerely hope the clueless cheerleaders make a fortune but a pig is still a pig and Pos Xu is still a scam artist. Only saving grace for his ass, one is remembered by their last deal.
Definitely has a lot of eyes on it, especially with everyone being quarantined. Either way, Waiting for the holy shit moment.
I hope you’re right man! From Your lips to Gods ears.
What does this even mean? Such bs and total nonsense. How would a wine holding company acquire a massive Chinese’s health care operation. This thing is doomed and everyone is grasping for straws. Furthermore, if there was a connection, the vaccine is 3 years out. Who’s is willing to tie money up in this garbage for that long. Like Gilead Health or some massive, honorable company wont come up with a vaccine before then. Get real! Hopefully everyone made money flipping this thing early so the losses now will just be a wash. Thrilled if this punk Xu has some bad shit coming his way!
Pump all you want buccaneer, your stuck like everyone else and just praying to get out by dumping shares on your rookie followers.
Lol! That’s amazing.
Emails are probably real, Shell is dirty… Awesome daytrader but use caution going long.
If Gerpang is as big as everyone is claiming, why would they do a reverse merger with a dirty shell that has a terrible track record? Makes no sense. Why would they even look at the pinks? Look, I don’t want people to loose money, I’m just saying, don’t buy into the hype. I’ve been flipping this daily and hold a small, long position that I’m anxious to get out of.. I hope I’m wrong for the sake of making money but I still think it’s crazy to play this with emotions.
This is so incredibly stupid! Does anyone pose the question how SPOM merges with a major health care group out of china? SPO global holds 2 companies, a wine on tap company grossing less that 180k and a software company grossing less that 100k. Do your due diligence, why would Gerpang merge with these people who btw also have a large amount of debt on their books (OWEN DUKES). Wake up people, this is a scam. Strictly swing trade this pig and use it for what it is. DONT go long or you will suffers like all other who have been in this game for minute or so. Good luck everyone, take 3 to 4 penny jabs at this pig and get out! This company/shell is nothing but a piece of shit who’s officers will be running from the feds if this thing spikes to high..
CDEL has endless shares and it won’t make a bit of difference what the company files for. CDEL has singlehandedly destroyed this stock. Any news that breaks, all the flippers are going to dump to cut looses and essentially kill the run. Basic 101 penny’s..
Unfortunately, nothing but bag holders left here. This was another one of the ultimate pump and dump schemes. Just goes to show how dangerous these plays are in the OTC world.
Straight criminals mismanaging the budget directly into their pockets. Kevin Murphy should be dragged out by the SEC and put into WuHan China.
No kidding. I lost my ass on that ICBU back in 2015.. total shyster
All this volume and no movement. What a joke!
Yup all speculation. Reminds me of the old SLJB (Sulja brothers pump).. I’m long in this pos but scared of the unforeseen crash. Good luck to everyone!!
Total garbage. Everyone is pumping this to cut their own losses. Ship has sailed, move on..
CDEL trapped
Good opportunity to load up at these levels
Assuming there’s a big short in RAKR, unbelievable volume and chart..
What’s the short squeeze.. way oversold
Congress is close to passing a bill to decriminalize marijuana. Therefore, these crooks laid off their selling for one day but just wait till tomorrow and they will be dumping again.
More insiders swapping shares here to create the illusion of some kinda buzz..
They are crooks.
Blah blah blah.. how much stock will these criminals be dumping into the market today with this fluff piece? Lol
Total Dumpster fire, these guys are complete criminals, worse than penny stock promoters. Hopefully this Kevin guy rots painfully.
Big bounce coming..
Some serious Volume here today..
Insiders swapping shares. Don’t be fooled..
Dreaming..