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What platform can I purchase this stock on? TD Ameritrade won't let me buy it there and the other one I use won't either. Can someone recommend a platform where I can pick up and hold some of this?
1.2 Million down the drain, Bitcoin is done. I think a couple of other crypto's will overtake it, including Eth. I also think we will see Dodge surge back up to a new record later this year and Shiba will also hit a big new record but will then crash.
If your looking for the best play, I'd go back to Dodge as it's cheap at the moment and some profit will be easy if you don't get too greedy. Buy at current price of 29-30 and sell at 70 for an easy double.
I lost a bunch on Bitcoin but it doesn't hurt as bad because I closed on a real estate deal this week that helped me recoup my crypto losses. So life takes away with one hand and gives back with the other. It's always smart to be invested in multiple revenue streams. I'm still holding some Bitcoin but at this point, I think I'll just sell and reinvest in others. Bitcoin may bounce back a bit, but in my opinion, we won't see it hit the same highs as this will make people gun shy about it for quite some time. At least for the rest of this year. I think it's headed for 28k soon, then will possibly bounce to 40k and then it will dip into the low 30's and stay there and fluctuate a little up and down for a long long time.
I could be wrong, as always, it's just a guessing game but I'm pulling out. Good luck fellas
Class Action against Robinhood concerning the DogeCoin fiasco lol? Seriously, they have had multiple problems involving Crypto this past year and now people want to sue? You knew going into this that they manipulate crypto's because they also buy into them. There is no coincidence that they crashed just as Dogecoin peaked and started dropping like a rock. So many people could not cash out at the peak, so by the time the "supposed server problems" were fixed, the price was so low that Robinhood could of cared less.
If you are trading more than 500 bucks then maybe you should use a more professional service. I look at Robinhood as a stepping stone for people who have never traded. It's an easy interface and let's you get your feet wet and try your hand at the market. However, once you learn a few things, you should really leave Robinhood behind and go to something more stable.
Another skit will feature actors dressed in dog costumes. It will be spoofing a very famous scene from the Godfather. Of course Elon will be playing the Dodgefather and you will recognize the scene immediately. It's going to be epic!!
It will 100% be a skit. Remember I broke the news first!
Buy Tesla Truck With DogeCoin!!!!
There is a HUGE reason Elon brought the new truck with him to New York! Not only has he been showing it off but it will be featured in a skit on SNL and in the skit an actor will buy it with DogeCoin!! Following the show Elon will confirm they will be accepting DogeCoin as a payment option.
He is going to promote the truck and boost DogeCoin at the same time. This guy is a marketing genius.
Added another $17,000, this thing has already made me so much money. It will surge after the show and then fall hard. Anyone not getting in now will miss out on an easy profit. Don't get too greedy on the surge. Make a .30-.40 cent profit and sell. If you hold too long, you will be left holding for a long time before we see these numbers again.
Will skyrocket just before Saturday Night Live airs and then crash 2 hours after it ends. You better load heavy on Saturday, preferably before noon. I also wouldn't hold long after the show. Just my opinion
Any idea why this is dropping like a rock over the last couple of weeks? Just curious if anyone say some news about the company I'm not aware of?
Still a few years away from really benefitting from this stock. I've held it a long time and seen it go down a good bit but I keep it because I know the attitudes and laws will eventually change. There is already a movement by the younger generation to change the government but it will still take several more years. Once that happens, companies like this will thrive as they are already established and in a good position to maximize.
I rarely invest long term but this is one exception. I feel it's at a bargain price at the moment. Will probably stay that way for quite a while but as the movement in Australia changes I slowly load up and wait.
No new line of credit, it's a dead whale. Once a mighty company but will be going the way of the Dodo bird just like so many others. The stock on the shelves is getting older as we speak and losing some of it's value. Malls, once their bread and butter are now dead as well. Even if they got a loan from all this corona crack, they won't turn it around. No one wants to shop there anymore. Believe me, my wife wastes 5k a month on stupid idiotic spending and she told me that none of her friends shop at JCP anymore as they are considered an "old person's" store. Meaning their clothing and decor are considered by the younger crowd to be outdated and not to their taste. The older crowd that did still shop at JCP is getting to the age that they are not able to shop as much anymore and many of them do not buy online.
Basically their "old" supporters are dying off. That generation, like my grandmother that loved JCP, Sears, etc, are almost gone. There aren't enough of them around anymore to make a difference and the younger generation like my wife, think JCP is a joke and not a hip store to spend their money at.
I wouldn't even gamble on this dinosaur. Too many other safer investments out there to be had. I only even browsed at the JCP stock today because an article popped up on one of my news sites and even that was dire and talked about the inevitable.
It's done, not much else to say the outlook is not good anymore
Load up NOW, don't say you weren't told when it goes back up. I sold at $48 and smiled all the way to the bank. Waited for the dip and now it's time to increase my share count. Good luck to you
This crap is a waste of time and I don't have it in me to continue down this path. I'm making so much on weed stocks that I kind of ignored this little investment but money is money and I'm done with Pura. So many other companies are jumping into this beverage market and Pura being one of the first should have made huge inroads by now. If they were anything to brag about, some big company looking to get into the market would of just bought them out. However with Pura outsourcing so much crap they are a joke.
You guys keep listening to the idiots and sink your hard earned money into this failure of a company. Meanwhile the rest of us are making hundreds of thousands on real weed companies(go canopy). I'm cashing out so cya and good luck
Up today in pre-market trading, hold off on selling till late Wednesday or early Thursday in my opinion. We will see another uptick today easily and go above the 50 U.S. dollars. Longs hold strong, I still believe we will see huge growth over the next 5 years. If and when the U.S. ever legalizes marijuana at the Federal level, we will be millionaires. The next Presidential election is seriously one to watch as several of the democrat challengers are very open minded to the legalization issue. A lot more so than the current President. The future is never certain but this ride is surely exciting to say the least.
TD Ameritrade is giving this message: *Shares of several Cannabis companies are trading lower after Canadian banks said they will 'steer clear' of the sector until new laws are passed, restricting the cannabis industry's access to banking services.
Is this good news for CGC? With Canadian banks drawing a line in the sand, this means that Canopy with it's huge cash reserves can continue with business as usual. On the other hand, some other companies might have to scale back their investing in infrastructure, acquisitions, etc., until the banks are more confident and open their coffers. So could it be an advantage or just a roadblock? I'm not expert but I'm holding long either way :)
Longs hold strong, 3.7 Billion is all you need to be worried about. That's the cash Canopy can afford to spend and that gives them a serious advantage over other companies. As well all know there is a big push in the United States to legalize marijuana at the Federal level. We've already had several states legalize it but until it gets the Federal approval, companies like CGC can't enter the market. We have a big election for President coming in 2020 and the Democrats are really working hard to get someone elected and oust Trump. Many democrats are sympathetic towards the push for marijuana legalization and I feel if we do get a democratic President, it's only a matter of time before National legalization happens.
Canopy is poised to dominate the U.S. market and has already been making inroads towards that goal. Their recent investment in U.S. Hemp and establishing a foothold here is nothing short of genius. In the event we do get the law changed, those hemp facilities could be immediately converted towards marijuana cultivation and production. Make no mistake, hemp is a profitable product but the big money is in weed.
So long term shareholders understand that there will be a lot of market swings between now and then. Those that panic sell will regret their decision in a few years. I can not even imagine how high the spike in share price will be if and when the U.S. ever announces full legalization. It will make many millionaires, of that I'm sure.
If your just here for short term gains, I understand. Been there and done that but if you have a lot of your savings tied up in this, then don't panic. This is a solid stock in that they have tons of assets, a great management team, solid reputation, plenty of cash reserves and a bright future. The most important aspect however is they have a vision of the future and a solid plan in place to make it a reality.
If you want in and are sitting on the fence, now is a good time. Get in and hold for a couple years, you won't be sorry. Nuff said, good luck :)
Which is why Canopy is diversifying into so many other products and areas. Just as Amazon realized very early on that they would never be a global dominant company unless they sold more than books. They began selling all sorts of goods and turned themselves into an empire. Thus Canopy is seeking to do sort of the same thing. Beverages, medical products, cannabis dna splicing and experimentation, cannabis products for pets, hemp and hemp related products(market expected to grow by 22 billion over the next 5 years), etc etc etc. They have multinational deals in place to take advantage of not only our domestic markets but also internationally. they are poised to take advantage of any new legalization in other countries as well as being up and running if and when legalization comes to the entire U.S.(just a matter of time)
So if your just focused on the actual price of weed itself, then you fail to understand how to build a mega company for the future. You MUST diversify and do it quickly to outpace your competition and gain a foothold early on. You must burn through a ton of cash to achieve this but so so with plenty of cash reserves or you risk going belly up a few years down the road. Canopy has no problems in the cash department and won't face the neck squeeze that other smaller companies will in 2-3 years.
Canopy is a long play, it's not a buy today and cash out in a week type stock. Sure I've made a lot of money already by getting in early but the real money will be seen 5 years down the road. They have laid the groundwork and continue to build the road to the future. Anyone not seeing that is a fool and will wish they had bought in but alas you can't travel back in time. How many people wish they'd of bought Apple, Amazon, or a few others back when it was in it's infancy.
You do what you want, it's your money but I continue to buy more and more of this every time it dips.
LOL, I laughed so hard at this, seriously LMAO!!
Gonna sell my worthless lump of coal. I don't even wanna think of what it was once worth. I still think this company could have been so huge but I realize now it was just a money grab. I mean they were spending so many 10's of millions on a weekly basis that no one could really account for every penny. You and I both know a lot of that money went into someones cousins pocket which I suspect was the plan all along. I think there were people at the top that had no intention of making this company work. Not saying they were all like that but the greedy ones got out of it what they wanted.
Now it's just a turd they wanna get rid of and let it die peacefully. oh they make it look like they are still trying but it's doomed. The public themselves have lost all confidence as did almost all major investors that could of turned it around. Not to mention they are now mired in legal troubles and the lawyers fees are gonna hurt.
Never gonna see these lows again. This week was a buyers paradise and I hope you didn't miss out on an opportunity to add to your position or buy back in. These companies are finally showing that there are huge profits on the horizon. We've just scratched the surface as I expect America to go full legal within the next 5 years. We all know how us Americans are about our habits, just look at the alcohol sales to get an idea of how we like to spend our weekends.
Canopy/Constellation will dominate CBD beverage market soon. With their plans to spend 500 million dollars in the U.S. to grow and manage one of the largest hemp productions, plus their announcement today to hire hundreds of U.S. people for their operations, the smaller companies should be afraid.
Not only do they just plan to enter the market here, they are working with senators and the state of New York to build a hemp industrial park. People are already saying it will become the silicon valley of the hemp world.
So let's talk about the CBD beverage market in general. One of the main reasons Constellation brands(makers of Corona, Modelo and many others) got involved and invested over 4 billion dollars into Canopy, was because they are mainly interested in developing CDB infused beverages. As a beer, wine and hard liquor manufacturer, they have the facilities already in place to crank out massive volumes of any type of beverage they want to bottle or can.
Canopy meanwhile has already stated that they would be willing to invest even more into hemp if the U.S. market demand keeps rising over the next few years. There is no reason to think it won't now that the farm bill passed. In my opinion the U.S. has barely dipped their toe into the CBD and hemp markets and the room for growth is MASSIVE! Wall street already agrees that CBD infused beverages are looking to be the next big thing in the health market.
We already know other beer and spirit makers are investigating the CBD market and watching closely. As are other beverage makers like Coca-cola. It's a matter of time before more large players jump on board and what better place to look to than a newly developed Hemp Business Park in New York.(silicon valley of hemp?)
Constellation brands also has the distribution already in place worldwide for beverages. In the U.S., shelf space is very hard to attain in big chain retailers and this advantage alone is why Canopy and Constellation together will dominate the market if it takes off.
Canopy Advantages:
Grow licenses for hemp in the U.S.
State of the art grow facilities around the world if needed
Research and development teams consisting of some of the top hemp and marijuana scientists to maximize CBD oil in any way possible
Deep pockets and cash reserves if more investment is needed
Constellation Brands Advantages:
Experts in beverage design and manufacturing
Huge beverage production warehouses already set up and running
Distribution trucks and shipping worldwide network already in place
Shelf space deals at major retailers already in place
Deep pockets if more investment is needed
These 2 companies with their partnership will dominate and put many smaller individuals out of business. At the same time, they might use some of that big money to acquire smaller brands to gain footholds in other areas of the U.S.
I think they could buyout a company like Puration very easily if they so desired. I don't think that would happen soon as they are just getting their U.S. operations off the ground and that will take some time. They will want to get their facilities up and running and employees hired before they begin their trek to domination.
I'm also not saying they would try to acquire Pura, just that they could if they desired. I have no idea if it would be a good strategy for them or not. I'm assuming they are interested in non alcoholic beverages as well as alcoholic but we will see.
This is all just my opinions, take what I say with a grain of salt. My Pura stock is what I consider near worthless but with so many shares for such little investment, I'll hold on. If they go bankrupt then I'll use the loss to offset gains for tax purposes on other stocks. If they take off or make some other big deal, then I'll take my profits and laugh all the way to the bank. Either way I'm good!
Buying back in tomorrow, remember I sold recently at $50.68 and now that it has dipped a little and with earning report coming out I think it's time to ride the wave again. If earning is not good I'll just hold out until the next spike but love that I'm adding to my position by playing it smart and selling the other day :)
Good luck all
Just sold all my Canopy stock and am very happy with the profit I made. I was holding long term but the market is so up and down that I wanted to secure a large chunk of profit now. I always play the what if game in my head about it going higher and I know it eventually will but for now I'm happy. If it dips back down to low 40's I'll buy back in for sure. As of this moment I'll just sit and watch with a smile on my face :)
Buy now if you want to get in because a couple years from now people will wish they'd bought at this price. CGC is a very strong company and although they are still figuring out the woes of the legal market, I have full confidence that they will succeed. It's a new world out there and I have no doubt that the road will be rocky as we navigate to the future. However, people will look back to 2018 many years from now and kick themselves for not getting in on the ground floor. In 2028 people will say "well if you invested $5000 in CGC back in 2018, you'd have XX amount now." The way they drool over other big companies that they missed out on :)
Good news for long term investors is that now with the stock price dropping, the new lower price will look very good to institutional investors. Also to large investors looking to get more for their money which is why I'm holding strong and even adding to my position. I've always looked at this as a long term play and decided when I first bought this stock that I was gonna hold for at least 5 years. The market is really just in its infancy and we have not even scratched the surface yet.
Everyone is focused on the retail stores and how well they are going to do but with Canopy, the real key to their success is the growing capacity they have been building. With over 2.7 million square feet of production capacity they are setting themselves up to be able to supply the global market. As more and more countries become legal, the need for supply will increase. Canopy has already exported to research centers in the U.S. as well and if our government ever lifts their federal ban, the market here will explode and Canopy will be the company in place to supply that huge demand. That could be several years off and require a new President here to make it happen but that is again why Canopy is a long term play. Another country that is 3-5 years away from legalization is Australia and Canopy has made in-roads there as well.
In 5 years $200 a share easy
Get out now! You were warned, I can't say anything more :(
Moviepass bungled it again!!! Today received a new email outlining their limiting BS of 6 different movies a day and limiting showtimes. Logged into my app and checked 3 theaters within 40 miles of me. The only movie at 2 of them was the MEG and both had only 1 showtime of around 7 pm. The third theater had the MEG and Black Klansmann with 1 showing of the klansmann at 2 pm and one showing of the MEG at 7:20. All other movies and showtimes were blacked out or showed not available. So then I checked an AMC in Dallas TX and a theater in Houston. Both showed the same 2 movies and again only 2 showings at 2 and around 7. All later showings around 9-10 were unavailable and the 3-4 pm time slots were blocked.
I thought they were going to just stick to the 3 movies a month thing with not many restrictions. I knew they said they might block some new releases for the first 2 weeks which I can live with but now they pull this crap. Even much older movies at the theater are blocked and no early bird or late night showings. I think they are severely trying to discourage people from using the service to save cash. I want to go see the MEG but being forced to go to the 7ish time slot is BS. I'd much rather go early(before lunch around 11am) or go later at night when the kiddos are home in bed
This CEO acts like he has no idea how to run a multi million dollar company. A redneck meth head could do better in my opinion
Jump paid for wife's new car today! Yeah I bought my wife a new Honda Odyssey van for her birthday this past month. She's been wanting one on account of all the traveling we do by auto. I was gonna pay it off over 36 months but today let me cash in a little profit and pay it off in full!! Thank you CGC, best investment I have ever made in my short trading history. I'm still holding for long term, hopefully in 10 years this will grow into a nice chunk of retirement money.
Financial breakdown of their cash flow concerning their limiting most cities to Slender Man only and some cities get a choice of 2 movies.
No way they can afford to let everyone go see anything popular right now because with 3 million subscribers buying $10 tickets they'd blow 30 million cash in one weekend alone. They only raking in 30 million a month in subscriber fees and if every subscriber just saw 2 movies this month that's 60 million they have to cover not counting the card processing fees of 3+ million. If it's true and 85% of their base sees 3 movies this month(CEO's words) at a national average of $8 a ticket, that's 72 million dollars they spend on tickets alone.
Now can you see how they have a serious cash flow problem? They stated that the new plan starting on the 15th would remedy this by limiting you to 3 movies a month for $9.95 but I fail to see how that stems the flow of their cash burn. As stated above, their CEO says their average movie goer see 3 movies a month. So with the quick math we can see that's easily over 70 million dollars in ticket purchases. How can you sustain a company that will burn through another 300+ million in cash by Christmas but only take in 120 million in subscriber fees? Even with someone buying them out/taking over, you'd be lucky to get 8 cents a share at this point. Who'd want to inherit that type of cash burn anyway?
I checked all of Baton Rouge Louisiana, Shreveport and New Orleans. The only movie you can see at all of our major cities is Slender Man. NOTHING ELSE!!
An entire state and one single movie choice. My local 16 screen theater has 9 different movies playing, some older as well as the new releases. Shows all of them in the MP app but only one you see which is Slender Man. All other blacked out or says not supported. Just wow.....
No joke, I added more today because I just can't pass up a good gamble. I mean it's dirt cheap and I know the company has a ton of problems but I also see that 3 million subscribers including me and my wife as well as friends that have the moviepass card. I truly believe that data being collected on a daily basis is valuable to some one and it's only a matter of time before they strike up a couple of deals to leverage that out.
I could be wrong and just throwing money away but honestly at this bargain price I can afford to lose it. I picked up another 10k shares and I wish you all luck!
No scam here, they finally have a sustainable business model. At $9.95 a month for 3 movies it is still a great bargain. One movie alone last night in Dallas to see EQ 2 was $13.19 on the normal screen. So see 3 of those a month with MP and your saving $20+
Smaller cities your savings might be less but you'd still save even at $8 a ticket. I use MP a lot and so does my wife so I understand the value and so will their 3 million subscribers. I think they will attract another 2 million subscriptions over the next 24 months. Just my opinion but it's a great deal and even with the competition like the AMC club, not everyone has an AMC theater next to them. In fact there is no AMC within 100 miles of me. Shreveport Louisiana a large city here and there is no AMC there either. So just in my state of Louisiana there are hundreds of thousands of people that have to use smaller theater chains and thus could save money with Moviepass.
Oh and they got Bruce Willis....he always wins in the movies...lol
Moviepass wow you continue to screw yourselves. Now they announce a new plan for $9.99 with a 3 movie limit. They just announced last week a price hike and blackout on new releases. I mean you ever seen a company run so badly that they change their business model 3 weeks in a row? Surge pricing, then blackouts, then price hike and more blackouts and now back to $9.99 but with 3 movie limit? What they gonna change it to next week??
They sure as hell aren't instilling confidence. They said that only about 15% of their subscribers see more than 3 movies a month. By my calculation that is 450,000 people if they have 3 million subscribers. That's a HUGE chunk of their base and certainly nothing to scoff at.
I see everything so now I'll have to use Sinemia in addition to MP to be able to see 6 movies a month. However with Sinemia, you can see 3d and IMAX, XD, etc. films so to many people it will be the better deal. Why would you pay $9.99 for 3 normal non 3d movies when you can pay a few bucks more and see any 3d or Imax etc? One IMAX ticket will cover the entire cost of the Sinemia plan. Our IMAX charges $16 a ticket
I wish someone would take over MP and oust this CEO who doesn't know what he's doing
This might prove they were talking with other companies. Right after they did the split the CEO was interviewed and asked about their dropping stock price. If you remember he continued to defend the company and said that there were several major players they were in talks with and that they had been offered money already. Of course people thought this was total BS and hardly anyone believed them. Just the ramblings of a guy trying to keep his failing company afloat as long as possible when it was clear they were in trouble and having a hard time just paying credit card processors.
THEN we find out at the end of last week that they were in talks with Trinity and had rejected an offer from them. Here is a quote from the article "the company seemed open to discussions at first, Yaffa said. By Friday, though, he and Triton’s other founders were told Helios and Matheson was no longer interested, he reported"
Now what do I gleam from that? No one knew they were in talks with Trinity until they announced Friday they wanted to do a sort of takeover. So if no one knew, then maybe the CEO of HMNY wasn't lying when he said they were in talks with "several" other players. No deal has been announced obviously but who is to say they aren't still negotiating on something that will help turn them around or at the least provide them some more capital to keep hanging on longer?
I think the companies business model is flawed and they are a sinking ship but at the same time, the data from 3 million subscribers has to be of interest to multiple companies because as we've learned from the age of the internet, data is King. If they could prove that they can steer their customer base towards certain movies or even theater chains then that would be a powerful tool. My wife and I see everything at the movies and I love getting a deal so I use the card often.
They did succeed in making me not see Mission Impossible the first weekend when they blocked it. However by the second weekend my wife opted to pay for it on an XD screen. If they deterred a quarter million other people from seeing that movie on opening day then that in itself is a very powerful tool in their arsenal. It pisses people off sure but I still see value in the card even after they raised the price to $15 because I'm still seeing 10 movies a month and that far surpasses the measly 15 bucks I pay for the subscription.
If they come to me(a subscriber) and say hey we will let you see those blockbusters for free but you just have to wait 2 weeks after their premiere, maybe it's not a bad thing. I'm starting to question why I need to see it on opening weekend anyway. The theater is crowded and with all the other B movies playing I can just see something else and wait, while I save money using the card. I don't know how many of their subscribers will think this way but only they have the data to know this.
I understand many were pissed and cancelled their service but that was mainly due to the problems we had from the app and card not being able to be used. The outages they experienced because of the card processor not being paid was the worst part of my experience so far. Not being able to see a movie on opening weekend was annoying but it wasn't a deal breaker. Going to the theater on a night out and finding that my card didn't work for any movie whatsoever was what really got people upset. Surge pricing was deceptive to me at first and I felt betrayed by their initial promise of a "free" movie a day but now that the dust has settled I am ok with that too. Again, it boils down to if me paying an extra $4 is still a bargain? That really depends on how many movies I see and at what times. If you only see 3 movies a month then surge will not seem like a deal to you.
Is Trinity correct in saying that this model is the future and will be here to stay? I think they are in the fact that Moviepass has already changed the way big theater chains do business. AMC as an example came out with their own plan and now they have hundreds of thousands of people using it. They aren't going to do away with that plan and risk losing any loyalty so because of Moviepass, they changed the way they do business. If other big chains want to keep up, they will now have to start offering better plans to try to get that business from AMC and Moviepass. Regal and others aren't going to want to lose out to these new subscription models. It's a matter of time before they roll out better plans themselves or sign on board with a company like HMNY to use their already existing resources. In other words, Trinity is partially right in that the landscape of how we see a movie has already been changed by Moviepass.
From $12 a month binge watching massive content services like Netflix to $5 footlong subs and the $2 menu at Mcdonalds. The population has shown they will frequent a business that offers them a deal that sometimes seems too good to be true. Wanna watch a lot of movies and not have to pay too much for a ticket, then get this Moviepass or AMC club deal. Wanna eat a huge footlong sub piled up with all the veggies or condiments you desire, then try the $5 footlong of the day at Subway. Wanna double bacon cheeseburger or a sausage mcmuffin then come to Mickey D's where it's only $2 all day long.
I think it's here to stay as well and people will demand more and more from theater chains or look for which ones are offering the latest and best deal on a multiple movie package or the best discounts.
What does that really mean to HMNY and their company? I think it means their data could actually be more valuable than most of us think. That being said I do now wonder if there are other companies waiting in the wind to swoop in and scoop them up at this basement stock price.
Many companies are sitting on billions in excess cash in this economy and it would be nothing for them to step in at the last minute and grab this company for the data they have accumulated alone. Not to mention if they might have ideas on how to tweak the model for their own purposes.
Time will tell if I'm wrong but with Trinity putting this spotlight out, it may give some other companies the push to act soon as the stock is at an all time basement price and they will want to move in while HMNY still has a decent subscriber base. Not wait till they fold and lose those subscribers
Just my mad ramblings, take it with a grain of salt......
They might be 20 but they've already proven themselves. They have taken 3 companies to profitability so far. They also have the backing off several very rich investors who don't give their names but have backed them on previous investments. So who are these private investors? Are they millionaires or billionaires? Guess we will find out next week
Don't count Triton out based on their 25 million dollar budget. It said in 2 different articles I read that they also have the backing off several private investors. We don't know who these investors are or how deep their pockets go. Triton has already proven itself to be able to make money and as such they might get a couple investors to back their play on HMNY.
In my mind it would only take a couple more backers willing to throw around another 50 million into the hat. Seems far fetched but you see it all the time. If nothing else, they are generating buzz and that alone may cause a spike in the stock Monday/Tuesday. So if you have no confidence then be ready to sell quick if it spikes to a dollar or more. That way at least you can walk away with some of your investment back.
I bought 60k shares Friday at 6.9 cents. I took a Gamble and fully understood that I will probably lose the money. However I can use the write off to offset the profits I made on Canopy Growth and other weed investments. I look at it like an expensive lottery ticket. If it spikes to a dollar I may just sell and walk away.
Whatever happens, I wish you all luck and I'm praying for you guys that lost big chunks of your savings on this. I've been there, it ain't fun to lose.
Class Action Suit filed, TD Ameritrade sent me a message this morning because I owned some of this at one time. Levi & Korsinsky, LLP has filed a complaint against HMNY and a class action lawsuit. Chang v. Helios and Matheson Analytics Inc. (Case No. 1:18-cv-06965) in the USDC for the Southern District of New York.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. (This was in the alert I received)
2 more law firms investigating as of today. That makes 5 firms now, just saw the latest bulletin on TD Ameritrade.