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Exactly. R/S to uplist, price keeps sliding due to poor financials. Price drops to the point where another R/S is required to keep from being delisted and so begins the vicious R/S circle.
R/S and new CUSIP doesn't solve the problem. Look back at HMNY (MoviePass) back in July. Listed on NASDAQ, tons of subscribers but not profitable. In June they were trading around .25, then came a 1-250 R/S. Price did spike to something like $12, but now trading at .02.
IMO if NFUSZ uses R/S to uplist, sure we get to NASDAQ, but if we can't generate more revenue than a girl scout troop selling cookies, the pps will continue to slide back to where we are now. Shorts will cover on current cusip, then take new positions on the new one.
I disagree, IMO it's not so smart on Rory's part. Apple has decades of proven success, supported by the numbers they've released over time, before deciding to stop. So far FUSZ is just a pipe dream, with nothing of value to show so far. It may come, but showing the numbers now, if they actually exist and are truly improving, could entice new money to invest and help drive PPS forward some, instead continuing this slow death spiral.
You'd think Farm/Hemp Bill news would help, but nope.
https://thehill.com/blogs/floor-action/senate/415966-mcconnell-says-farm-bill-to-include-provision-legalizing-hemp
Pete Sessions, Chairman of the House Rules Committee not re-elected. This opens the door for new legislation to actually have a chance of reaching a vote in the House.
I guess it's actually an IRA, when I rolled over my account from a previous job, the Fidelity rep said put it in a brokerage account so I can invest it where I want. Both the 401K and the IRA come up when I log into my account, so I often forget they are separate.
I think you're reading too much into the word "loss". I know I can't claim the loss on my taxes, but if this goes belly up or I sell while it's down at any point, that is still a loss from my 401K balance and shows as such on my statement.
Aphria Announces Promotion of Jakob Ripshtein to President
Diageo connection getting stronger?
https://markets.businessinsider.com/news/stocks/aphria-announces-promotion-of-jakob-ripshtein-to-president-1027685767
NASDAQ or not, it doesn't matter if we get there through a merger and/or a reverse split, we can have all the signed agreements in the world, but if we can't generate revenue the price will continue to go down.
Don't get me wrong, I want this to succeed. I'm don't have boatload of shares, but I would like to see what I have help grow my 401K so I'm still holding. Either it goes up or I lose my investment and take a $3K loss. I'm already down 80% so at this point it doesn't matter much.
And yet NFUSZ can only drive $8K in revenue per quarter... Not much of a holy grail IMO
Well that small PR gain didn't last very long. Going back to the slow bleed, may buy more when it gets below .25
And there's nothing to say that Sessions replacement will make it any better. Talk of a possible replacement earlier this year was Scott who is also anti-marijuana.
Agreed. The one from April is too old, need to file new Attorney Letter for the most recent reports.
Haven't seen it in my Fidelity account yet.
Maybe not crashing but on a definite downward spiral.
> Rory: - "I want off the OTC"
> Rory: - "So I'm making that happen as I said I would - and you can count on that"
Great, maybe NASDAQ will happen....Someday, but probably not in 2018. Mergers and even reverse splits don't guarantee the share price needed.
V3 may be released at ANY time NOW. - tic-toc I remember when it was all about V2, so what did that get us? Nothing I can see, so V3 comes and then it's V4 coming SOON.
I believe in the potential, but ultimately it's about the customer base and generating revenue/profits and so far that isn't showing much promise.
I'm still here but only because I'm down 80%
Yep watch Tilray come January 19th. Once the six month lockup period ends and Privateer Holdings starts selling a large portion of their 75 million shares, the PPS is going to tank. IMO it's to drop to $35 or less.
I think your arrow is pointing the wrong way for 2018. Maybe 2019 will see FUSZ go up after a 1 for 15 reverse split, unless Rory can pull a kangaroo out his a$$. I hope he can since I'm already down 80% and I'd rather see the PPS increase than have it go through an RS
Money that can still be put into something else, maybe get back some of the loss versus maybe losing it all.
LOL. Hope you're right, but that song is over played and getting old. I took my initial position in early February, then averaging down in March and then again in April. After watching this do nothing buy slide the past six months to where I'm down ~65%, my accumulation is done. Yield sign needs to come down and I need to see some positive financials before this goes anywhere else but further down the drain. May hold a little longer, but if I end up down 75% may just call it a loss and move on.
Guess it depends when you got in, for me it was March 2017 at $1.97 a share. Started with 5000 and have sold half, the first 1K in January 2018 right after Session killed the Cole memo at just under $10 and another 1.5K last week on Monday at just over $10. I'd say I'm still doing pretty good on the 2.5K I'm holding and think bigger things are still coming, so I'll keep holding these shares.
Yep. I didn't get in at the IPO and have watched this from the sidelines. Holding other companies in both CA and USA, that I've done pretty good on. Best play on TLRY now should be PUTS for after January 19th when the lockup on Privateer Holdings 75 million shares expires.
I'd look at selling before mid-January when the lockup on the 75 million shares held by Privateer Holdings expires. I'd bet they're going to sell a big chunk of those holdings to become billionaires and I'm betting this drops like a rock maybe to $20 or less. Just my opinion, but I know if I was holding millions of shares and couldn't sell any at $300, then $200 and now $100, I'd be selling a good portion of those shares at the first opportunity before the price drops any further.
Yea but just wait until the lockup period after IPO is over. As soon as lockup is over I expect the PPS to drop significantly as many take profit because they know it's overpriced. They are all bummed out they couldn't sell at $200+
Good point
If Diageo and Altria are going to invest (own shares) you'd think they would want to invest first, before the uplist so they can reap the benefits of increased share price which should come from the institutional investors.
Have anything to do with upcoming move to NYSE?
Just a guess, but maybe because it's just a "projection" and they don't really much if any revenues to show/report yet.
Bought in yesterday, so good timing. Looking at the News Releases at the top of the page I'm a bit confused. February talks about $6 Mil in revenue, then in March there's another talking about $10 Mil in revenues, but the 10Q for the 6 months ending June 2018 only shows $2.3 Mil. What gives?
Old news from July
Double digit returns daily? ROFL... How about watching it continuously slide from .60 to under .20 in just under 6 months? I knew I missed the first big run, but watching revenue grow each month (at least according to the news released) I thought this may still have enough going for it to make a second run. Now all has gone quiet, sales may be tapering off and it seems management has moved on to new projects. I sold at .25 and will probably buy back in if/when POTN is back under .15 which may not take very long at the rate it’s dropping. Just my opinion
Two attorney letters up now, one quarterly 3/31/18 and the second quarterly 6/30/18.
I wonder how many will hold the spike after they realize this doesn’t really remocve all CBD from Schedule 1, but only Epidiolex which is the only FDA approved drug at this point.
Unless I’m mistaken, the only “FDA Approved” CBD drug is Epidiolex. So no, this isn’t currently a true benefit for CVSI, but may help with future rescheduling of CBD products down the line.
Yes you should be able to trade options as well as pre and post market trading
Interesting news since the Farm Bill hasn’t passed yet and there was another article out that it could possibly be delayed.
https://www.hoosieragtoday.com/farm-bill-delay-possible-deadline-looms/
The symbol could possibly change. I know when Cronos went from OTC to NASDAQ in February the symbol did change, but shares still transferred over. The change only impacts the US trading markets. All Canadian shares of ACB will remain listed through the Toronto Stock Exchange.
Agreed!
Why reverse split when they can probably start buying back shares sometime next year? I'd rather keep my holdings and have them lower the share count that way to make up for all the bought deal financing they used to dilute the share count, then RS and diminish my holdings.
They're also both trading on US exchanges so you've got retirement/pension funds and other US corporate investors playing them versus investing in Aurora as an OTC stock. IMO Once Aurora moves to one of the major US exchanges then there's a better chance we'll see comparable movement.