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I don't understand this "float is locked" nonsense.
This ticker has been on a slow decline for the past year. Seriously, I understand wanting to be positive, but I think these obvious false statements do a disservice. It just sounds like you're trying to dupe newbies.
Good for you.
It was at .05 last Feb., then dropped. Then again in July, then dropped. We're now just barely over those levels. I guess it has seemed like a smooth, consistent increase in business, but still investors haven't gotten in. I guess it's still at the mercy of traders and flippers.
This is the only stock I'm in that goes down or lays flat with consistent news of revenue. Been here for almost a year and barely green.
Do I recall someone revently receiving a response email from Rossi where he (Rossi) stated thst he had 40 days to get current with filings?
Unfortunately, there is no bottom as long as we are in the dark. I'm hopeful the financials are released in/by March, but with the previous history, it's certainly not a given. It's still only hopeful.
I don't think this is from Trump. I don't think he cares much about marijuana. He is for the medical and has said he thinks the issue should be left to the states. What this seems to do, is give the federal prosecutors in the individual states the option to prosecute. I don't think many, or any, will want to, unless the AG leans on them to do so. Which he might....because he's a regressive asshat.
I think Trump will eventually come out and say "You see? Like I said, it's up to the states to decide."
In my humble opinion.
jeez....Jeff Sessions just threw a wrench into 2018. Pot affiliated stocks are tanking.
If filings get done, q4 is timely etc. This shoots up quick and high...the issue is faith...because of past performance.
Good point.
It isn't the abscence of news that creates that roadblock, it's the abscence of filings. Very simple.
Which promises has he delivered on, except for his retiring shares?
I hope so too. Product moving is definitely a good thing. I just don't believe anything he says, whether it's blatant lying or incompetence, he hasn't delivered on his fiduciary duties, which has kept his "plan" far behind his own schedule.
I think subs are on the way. Very disappointed in this company.
Unfortunately, I suspect no filings before end of year and this going sub.
I hope he does come through. I don't agree that he has thus far. I guess we'll see in the new year
That could be said for any investment. There is always potential. That's why we invest.
I hope this one does pull through.
You just stated the pps fell from $1.50 to .015. There is nothing here but hope
You're touting this as good news?
I keep seeing this DD package stuff. Guys, seriously, things like CSE uplisting, revenue growth to 50 mil in 5 years, stock price extremely undervalued, Rare find in OTC, etc. aren't DD. These are rumor, speculation and projections.
My instincts with this company have been correct thus far, and I haven't been listening to my own instincts. I've been more hopeful than practical. Not a good strategy when trading in these depths. That is my fault. HOWEVER, it is also my instinct that this ticker could skyrocket sometime in 2018...if Rossi gets his act together...so...I'm holding
I get you, Fink. Play to trade not to invest.
That's a good line about always playing pennies at zero risk. Thanks for that one.
Ok. Thanks for your response.
You're saying they sold because they needed the money? That's common, isn't it? Whether to live on or re-invest.
Why would they fear the price going back up? They still have plenty of shares. Wouldn't it be good for the price to go back up?
I would think a sell off in order to walk the pps down is to re-load for an increase in pps, either by insiders or MM's. No?
I'm seriously asking. I'm new-ish and don't get it.
Well..I've been here almost a year as well, but the lack of filings, misleading information and downright missed deadlines does more than inhibit confidence. It can all be easily rectified, but for some reason that hasn't happened. If this were a brick and mortar business, it would be going under.
I'm holding, but very disappointed in how it's been operated.
Can someone explain to me? Seriously:
If this is insiders dumping, then why wouldn't they dump at a higher PPS? The company looks like it is doing so well. You would think the PPS could go much higher and then they could make a lot more money.
Well...I think we can now let go of the idea that "the float is locked."
I think the lack of compliance filings has made this ticker susceptible to manipulation. I was hoping for the rare OTC investment, but it's just another OTC gamble.
To those saying the new CEO (all speculation still until there is a public announcement) "doesn't do anything with OTC stocks"...really? Then why would someone buy the company? They run buy/sell schemes you say? Ok, good. They'll likely drive the price higher then to make money and we're in at the low levels. Maybe they'll even hire a promoter to pump the stock and it gets serious. Right now we're all in the dark still, but the risk/reward looks good at the moment.
So...this is all IMO, absolute speculation and a huge dose of wishful thinking.
The mis-spelling: The Chinese alphabet is much different. It is common to have names or words anglicized and spelled phonetically. In this case, G for K makes total sense. think of the former leader of Libya; Ghadaffi, Gadafi, Kadafi or the book; The Koran, the Quoran, the Qoran etc.
-From the IGS website: IGS Capital Group Limited Announces Expansion Program of its Wholly-owned Subsidiary, Like Mart: https://www.bloomberg.com/press-releases/2017-10-25/igs-capital-group-limited-announces-expansion-program-of-its-wholly-owned-subsidiary-like-mart
-In this release, IGS just opened the second of a 20,000 store planned expansion of Like Mart (24 hour convenience stores) in S.E. Asia.
-Neutraceuticals are a brain function enhancement product. This one aimed for the Gamers market.
-Are LTS Neutraceuticals the type of product that could be sold at Like Mart? That would be a hell of a distribution plan.
That's quite a wish.
True. And so far I've gotten a company that trades around .02 a share.
That's a terrible excuse. He's the Chief Executive Officer.
That being said, I'm not investing in Rossi. I'm investing in the company and if they wanna play with the big boys they have to do as the big boys do: Be timely with their compliance responsibilities and follow through with their business plan. So far they've done neither, which is why it's still all just speculation.
I know, it's the same as most, almost all, tickers down here. I guess I'm disappointed that this has been the same.
I have to admit, I too am losing patience. I'm not in the red, I'm about even, but hearing all the speculation, none of it has manifested. I don't have a high opinion of Rossi. Delays with the K, the Q's, the listing on CSE, the Private Placement fiasco, etc. So far it's been all talk for the 8 months that I've been in this. He did retired shares like he said he would...but the PPS plummeted soon after. I need to see something real soon. I'd much rather be an investor (I know it's extremely rare in the OTC) than a flipper.
This is my first post ever. Admittedly. I'm fairly new to all of this. I have been trading/investing small time for a year and a half. I have been in FNHI since Feb. I was hoping this would be an OTC investment....but after listening to that conference call, I realize it's just another OTC play. Rossi was not impressive and the "plan" is the same it has been since I invested (small time, but I added).
He's now saying that the same plan I've been hearing about MAY come to fruition in another year.
I hope it does happen, but if I wast to judge by the K fiasco, the PP and the PPS drop this week...I would say my faith has more than waned.