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I'd say based on this .15 is a pretty safe play and more than likely at least double that. $FRLF
My hope and guess is mid .20s. Slow and steady wins the race. :)
Fair enough haha. To each their own. I mean post whatever you like IMO. I see your point though.
One in the same haha. If it can get to that .47 I believe it will blast through that high and head towards .75 as the next leg. Or at least I optimistically hope anyway lmao.
Fair enough and thank you for your input. I try to gauge the general feeling of the company from the regulars. I agree also, I tend to look at the companies I interpret are at or very near their bottom and try to pinpoint where I want to exit before I ever consider establishing a position. $FFRMF
I'm not really saying you should flip penny stocks, I'm just saying I don't blame people for selling when they know they have a profit. Nothing wrong with making a profit right? I've done it a few times and gotten both ends of the stick, it's kept going up and I missed out on more profit and I've also flipped them before it fell capitalizing on what would have been lost profit.
$FRLF run run run.
There will be a few flipping these that bought down in the low teens and I can't blame them once they get 80%-100% gain but most of us that held up to .47 and back are most definitely in for the long haul and even loaded some more at these suppressed prices. This next run should bust through that high and who knows where the next stop will be. Also , not to toot my own horn but I'd say my itch was right. Hehe :)
Potter, someone told me to get in touch with you. I've been watching and trying to gather information on $FFRMF. I've been reading all the reports and news releases but I always like asking someone who's been on the trail longer what their opinion of $FFRMF is.
Agreed. I got flogged for it on a few boards. I'm never one to turn down guaranteed profits when it could just as easily pull back. I think it's funny when people get mad when someone sells, like it's there money you're "losing".
Agreed. I have this itch like big news is coming for the MJ sector as a whole. $FRLF
$FRLF looks like its gaining some momentum. Those .09 - .12 buys are looking pretty good right now.
Agree with all of this. Debt is okay for growing companies as most have to have it to actually afford growth. I've actually been consolidating the handful of stocks I own into a few that I really trust. $FRLF is one of those and I'll continue to do it at these prices as long as they last. Some of those that have good financials I've bought just don't have the volume to run which is due to what you highlighted about issuing shares, which has led to MMs walking the stock into the abyss.
Hey bring it down MMs. We'll take all the suppressed shares you can give us. Really I feel most of the MJ plays are good buys right now. It seems the MJ market as a whole is suppressed and if you can identify the decent ones you should be rewarded when they wake up from their slumber.
$FFRMF Does anyone have any opinions on them or been watching them for a while? Been reading 10Qs and news releases to get somewhat of a handle on them.
I always say gotta risk it to get the biscuit haha.
This is exactly why I couldn't understand some getting angry that people sold. Some, like myself, were really wanting to just establish a stronger position and hoping to get more than what we sold at a lower cost. Risky but can work.
That is completely fair too. I get the revenue stream for growing companies. I just focus on profit generating companies or try to anyway, sometimes that can be hard haha. I just have a hard time believing that even if they open 10 pharmacies that they won't increase profits that much. I definitely think that RXMD can make runs on speculation which is what I think happened this time but I don't believe those prices are sustainable. At least currently.
Well I'd say I'm a lot closer than that .35 price target everyone keeps talking about but I digress. Like I said, that's my opinion and I'm sticking to it haha. :)
I did all of this based on their 50K in profit. Not the 20 million in revenue everyone wants to keep talking about. Who cares if they brought in 20 million if they spent 19.95 million to do it.
No, actually I took the P/E and EPS, if I calculated correctly, and this is still way overvalued. I'm no expert on P/E or EPS but if I did it right, .05 would put it in line with others in the sector. That's even giving it an extra .02 or so based on speculative expansions.
IMO I believe it's worth is around the .05-.07 range. Again that's my opinion.
Well I couldn't watch it bleed out anymore. Good luck to all who have the guts to stick in here. Luckily I didn't lose too much.
Getting closer to where I'd re-enter at.
Not going to lie. I keep thinking I can hold on and TRTCD will turn back but at this point I'm really considering cutting my losses and getting out. Just glad I don't have too much in it.
Fair enough. I have to admit, I haven't went too far back and read a lot of posts. I'll have to get on that though.
Oh yeah, I was the fool who sold around .20 haha. Seems like some just want smoke blown up their skirt all the time.
Don't you know, you're not allowed to sell RXMD. This board will have a fit haha. Still waiting for my moment to jump back in.
A bit of PR courtesy of TD.
According to data provided by Energias Market Research, the global medical cannabis market is expected to grow significantly from USD 8.28 billion in 2017 to USD 28.07 billion in 2024, at a CAGR of 19.1% from 2018 to 2024. Factors driving the growth of the medical cannabis market include growing recognition of medical benefits, increasing demand for cannabis in the treatment of various diseases, and growing number of research and development activities. In the U.S, there are 28 states which have approved the use of cannabis for medical purposes. In major markets like Colorado, California, Alaska, Massachusetts and Nevada, cannabis is legal for recreational use. SinglePoint, Inc. (OTC: SING), United Cannabis Corporation (OTC: CNAB), Surna Inc. (OTC: SRNA), Freedom Leaf, Inc. (OTC: $FRLF), GreenGro Technologies Inc. (OTC: GRNH)
Starting January 1st 2018, the state of California has started legal sales of cannabis products for recreational use. A report by CNBC quotes MedMen CEO and co-founder Adam Bierman, who explains the current state of the industry, "There is so much excitement now around legalization nationally coming in Canada. There is so much excitement about the fact that California, Nevada, Maine and Massachusetts all legalized recreational marijuana... The Canadian public markets offer access to a lot of capital, with a lot of certainty and a lot of speed, and there is this appetite among global investors to invest in a U.S. play... Specifically, global investors want to invest in a U.S. play that has California exposure. Now is the time where it makes the most sense."
Freedom Leaf, Inc. (OTCQB: $FRLF) is the leading go-to resource in the cannabis, medical marijuana, and industrial hemp industry. Last month, the company announced that it has hired Purdue University Biomedical Engineering graduate Nick Shi to oversee the Leafceuticals Inc hemp extraction, distillation and refining laboratory in North Las Vegas. Leafceuticals Inc is Freedom Leaf's wholly-owned extraction and manufacturing division that uses NuAxon CO2 supercritical extraction to manufacture wholesale hemp CBD oil, terpenes, rare cannabinoids, and other valuable byproducts of industrial hemp. In addition to hiring highly-skilled staff, Leafceuticals Inc is also in the process of expanding its facility in North Las Vegas, currently constructing two additional fully-functioning laboratory spaces for hemp CBD extracting, distilling, and refining.
Someone said that the company itself had posters on this board. I could see companies dropping by to look and read but commenting gives me the idea that they are trying to sell something that, one would hope, would sell itself. Just my opinion of course.
Anyway, thanks for the info peeps. I'll keep watching as it sounds as though this may be the bottom but as others have stated, it has steadily came down so maybe not. I'll keep an eye out. $SCNA
Alive and well haha.
Fair enough. I tend to agree about the responding. Seems awfully petty and makes you really think about who's running this company. I will ask though, how are we 100% sure what they said was truthful about who they were? Serious question.
Looks real green with all those I added at these suppressed levels.
I'm still trying to figure out how this company, who turns revenue into actual profit, a decent profit at that, is so low. I know I'm going to try and establish a little bit stronger position to find out.
I'll take some of that action too. I'll be a buyer at these levels until I run out of money to buy with.
I’m of the belief that this is a buying level. As some others have stated this stuck around the .20s for a while and this low volume has allowed mms to drag it down.
Exactly what I was looking for actually. Obviously only watching it for a week doesn't give me enough confidence to establish a position but this information helps for sure.
I think people are seeing this as a good entry point or chance to get back in. Just my opinion of course. Hell, I'm still adding at these prices. Which could help explain some of the volume.
It's like that all over too. I wish I wasn't holding a lot of these already because these prices in MJ are good entry points IMO.
Oh yeah I don't expect it to be today. I'd guess the beginning of a week. Assuming its good news haha