Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
And a crappy day so far
I couldn’t agree more. Mrmd needs to purchase revenue streams.
Frankly, I’d be very happy if it showed 4 again.
Having trouble getting back on board. Help?
Thanks for your analyses. It’s a bit confusing with the odd dates of releases, so all that is helpful. Today, Canopy shares are zooming thanks to Constellation ( aka Corona) dropping 3.8 billion in a stake increase from 10% to 38%. Id link it but having trouble - it’s on Bloomberg. We could use that kind of financing! No banks.
I saw that announcement at the time and I’m not making much of it except to be grateful it’s not producing anyone who feels they need to redeem their 100,000 shares, lol. I’d truly like to see price edge back to 3 just prior to earnings. The last really high pop didn’t occur until several weeks after last qtr’s good report, and I expect a similar report might take a bit of time.
Have to confess I’m back in a bit heavily, but this stock has generally been bery, bery good to me.
I believe earnings are announced on the 16th?
Interesting article on worlds going from 6 million share holding to 4.5 through March. This represents most of their cash assets so if they do sell more, we can expect the usual effect on mrmd price. They do have about 2% of outstanding shares.
That may actually be a factor as Sessions is probably out one way or the other. The new waitron will fire Mueller , his willingness to do so his only required qualification. But will he change the MJ Schedule status. Money from banks could rip it loose. I think this may have been irollie or other principal selling. When someone sells as few as 300,000 shares, it can drive the price down hard.
I don’t care if the earnings announcement shows no cash on hand - just a positive p/e. And I think we could ladder up to 3.25 or so in anticipation. I’m kicking for not adding at 2.00. I know - 40% gain wouldn’t be enough right? Oink! Oink!
That may actually be a factor as Sessions is probably out one way or the other. The new waitron will fire Mueller , his willingness to do so his only required qualification. But will he change the MJ Schedule status. Money from banks could rip it loose. I think this may have been irollie or other principal selling. When someone sells as few as 300,000 shares, it can drive the price down hard.
I don’t care if the earnings announcement shows no cash on hand - just a positive p/e. And I think we could ladder up to 3.25 or so in anticipation. I’m kicking for not adding at 2.00. I know - 40% gain wouldn’t be enough right? Oink! Oink!
I think the drift down is security seeking prior to this quarter’s earnings report. Could be great or could be poor. Two weeks to go
I couldn’t find that posting. I’d love to see their relationship to Slater Compassion Center in RI. It’s a money maker I believe.
Medicinal cannabis products to be legalised http://www.bbc.co.uk/news/health-44968386 It certainly is coming everywhere. Patience but this pecked to death by ducks business is a drag.
Boo
I have to say I’m frustrated with price action the last few weeks. Low volume but dribbling down.
I also wish the next news of an acquisition would be one that has a revenue stream.
Oh, I think things are going to pick up in Aug with earnings. I really am posing a question to the board about where people see earnings growth occurring: services or purchase of revenue streams? I think Fireman was referring to that in the video.
Well, we’ve all gone as quiet as the stock has. It’s built a pretty good base in this range and volume has dried up. We’re all waiting.
The question I have is: what’s next? If revenues are to derive from advisory services, progress should be steady but I’m unsure how fast. If it is to be driven by acquisition of revenue producing outfits, then it could be much more rapid. Then the question of how to finance such purchases becomes important again.
Nice to see low volume reflect in price. Also good to see strength at close of day and of week. Looking forward to Aug earnings
My math is wrong. I think the 150 and 35 million account for more than 100% of shares outstanding. How can this be? My impression of 35 million shares awarded in RI may not be accurate. Is it true 150 million of 183 million total are held by two folks?!
Wow! That was news to me that 150 million shares are held by two at the top. I believe an additional 35 million shares were awarded for early work in RI. That would account for over 90% of the shares outstanding. Fireman is obviously one of the two you refer to. The other?
It’s beginning to look like support not resistance in the 3.03-3.07 range.
I definitely agree that it was a good finish. Long enough run to develop some technical aspects, and it’s good to see resistance at 2.78 and 3.06 overcome. For this to happen on an average volume day is especially encouraging; suggests that the need to sell from stakeholders ( as opposed to actual insiders) may be waning. As to posts about MJ and Med uses, I think we’re all in agreement that it’s the wave of the present and future ( any impact from scotus?). The question is mrmd’s positioning. I understand them to derive principal income from leasing facilities now, rather than advisory services, but I could be wrong, and welcome input.
Whoa! Anybody who thought my posts were cautious should check out the yahoo mrmd board. Apparently you can short it and there’s a lot of foolishness about it collapsing. Not so bad today despite losing .13; volume was fairly heavy so that’s not much of a clip. Be nice to stay around 3 until August and approaching earnings. I’d still prefer it went positive earnings and slower debt pay down. Actually, I don’t see how it can’t click to the positive if growth is anything like last two quarters. A positive earnings number - even .01 per share permits a true p/e and, more importantly for mrmd, a true peg.
And that’s longs, not Kong’s.
Definitely a pattern in my posts. By the way, years ago I posted hundreds of times on other sites and was quite a cheerleader. I always resented anyone suggesting caution, too. You may have missed me saying I reestablished a position recently; I’ve been frank and honest about in price as well as ladder out price. I still think a measured approach is warranted. The uncertainties in this area are real. The large volume of insider shares is real. There hasn’t always been buying in response to heavy selling, hence the fall from 4 to 2.12. I am continuing to hope for higher, but will ladder out accordingly. I will also buy on dips. I certainly wish all Kong’s the best. What do you think I’m up to? Is it even possible to short mrmd? I don’t think so, and I certainly wouldn’t. Actually just looking for some intelligent discourse.
Well, some of the insiders are just regular folk - not multi-millionaires. I think a recent share sale sold a modest total holding ( compared to the millions of shares that several folks received. So, if you have regular person expenses - college tuition, mortgages, debt, etc, it eould be reasonable to secure some profit. If you had a million shares at .25, wouldn’t you cash in 100,000 at 2.25 and have your investment ( or gift) totally paid for? I think this is a well run concern, but the unpredictability Irs of an AG opposed to weed, a President in favor ( today!), legalization occurring many places, and challenges to the exclusivity of some dispensaries that contribute to mrmd all make it sensible to take some profits against risk. When that occurs, small stakeholders like is watch the price stall or fall
Probably in response to the Lou and perhaps the MF article ( I know, MF is not very credible). I actually am a bit bullish on them here. If earnings can flip positive in August, it’s a big deal. The drag will remain the insider’s shares which, again, they of course want to convert some to cash. Separate from restricted shares, I believe there are still about 30 million insider shares available for sale, so some strong headwinds still. A positive earnings announcement would be a fresh breeze. I also think an outright sale in the $4 range is possible
I was long mrmd until my post on the 26th after which I sold my position ( at ~3). I’ve been around a long time and have laddered out at an average of about 2.30. Only one lot above 3 and many well below. But in at .25 so pretty happy. Did buy a small stake at close today but don’t want to gamble away achieved profits.
Bounced at 2.12. Would have liked to re-enter at 1.80 but may have chance yet. Apparently there is some understandable selling. If you were given 10 million shares at .20, wouldn’t you want to sell a bunch at these prices? Could take some time before stakeholders cash enough in to settle down.
This is a funny board with fanatics and hopefuls. Despite some member’s belief that they “capiche” all, the serious matters of dilution, warrants and capitalization mean something. From a technical point, the failed double top led me to sell my position the day of my post about the filing, and I’m grateful for 3.00. It appears it could retreat to the 1.80 range.
Despite the cheerleading about how it will be 5 by August, there are those nettlesome facts about how financing actually occurred. The Slater Center is a fine facility that was recently given a breath of life by a pretty sleazy bill that eliminated competition as long as Slater and the other two centers would pay the equivalent of all other applicants’ fees.(Tammany Hall had nothing on RI politics) That will be good for one year: the deal was so obviously foul that it won’t sneak by again, and Slater will have the thirty competitors that were shut out this year. Finally, mr capiche should check out what sort of amounts of stock were granted to the Slater owners. Then do the math and he will be able to capiche why literally millions of shares being redeemed will be holding down the price for a very long time. I will consider back in at 1.80, but this run is over for some time.
Read the latest 8-K and weep. Constant dilution to meet debt. NOT what you want to see.
On a day like today, it’s important to remember that millions - millions!- of shares were distributed to founders. Naturally, thy want to ladder out some for profit-taking. Unhelpfully, they appear to be doing this with a market sell order down to the low 3’s. Smarter to sell 1k at a time and let the price stay put. There will be many days like this until it’s sold.