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Thin support.
60,000 at .175
https://www.marketwatch.com/story/cannabis-stocks-lower-as-investors-await-the-fate-of-the-states-act-2019-04-08
If this bill passes and GBI completes acquistion this is going to be a epic run.
No one beats the SEC lol
Stocks pretty steady around this range once they put those crooks in the spotlight.
I'm assuming cause of the news may have spooked some people off. All this hassle they're dealing with Alpha and Brios probably had some people jumping ship.
I'm not worried though.
I'll hold onto my lottery tickets lol.
Yea, I sold 25% of my shares when we were tipping around .24 and .25 twice on friday.
I just rebought them and filled at .15
My average is .18 so not terrible lol.
The weak dumped and ot just scooped back up lol.
I sold a chunk at .25 so I'll just buy that back lower at .15 lol
Ouch that's a stinger
Well on the bad side we are looking at a delay.
On the good side they're keeping us up to date on the process and why we are delayed, as well they're fully committed to the reverse merger.
Cannabis company reverse merging into IGNG
Can you provide some info?
Also this is a reverse merger from a private company. He will no longer be involved when the transaction takes place.
Stuff seems to check out with this company.
What's up with form 15 though? Why does a company say fuck it we're not filing with the SEC.
Looks like Ramy and FAME hold 85% of the O/S. With roughly 7M in the float.
No toxic debt/warrants are out.
Fuck it, worth a gamble lol.
Only thing is, shrooms are basically illegal everywhere and there is no huge market for "recreational" shrooms.
It will most likely be a prescribed depression drug in the future, which is a great alternative to the shit we got now.
Just got to hop on board the first company to get FDA approval.
Theres a company in the UK that is undergoing breakthrough therapy treatment granted by the FDA. Company plans on doing a IPO this year.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5367557/
https://maps.org/other-psychedelic-research/211-psilocybin-research/psilocybin-studies-in-progress/research/psilo/passiepsilocybin1.html
I've researched this up months ago.
Mushrooms have been being studied for awhile now.
Theres a few pharma stocks I've been waiting on to go public but never heard of this one.
Well let's hope that comes out with the PR then.
Lol you've been holding for 10 years!
What's your average?
Nah .25 is a good entry... IF the merger news comes lol.
Some people are running scared now lol
That wall at .25 wont break until we get that completion PR.
I'm going for the BOOM or BUST!
No point in getting out before the ride starts lol.
They always had domestic stock within their company.
I read that in their initial filings when they started the business.
Yea, I would expect a Monday morning PR stating completion or delay.
They havnt been leaving us in the dark so far.
If they go dark for the week itll drop hard.
Unless its starts slamming out RS .0001 is a good entry lol.
I got 5M shares for shits and giggles.
I'm scaling out then holding a chunk for gambling.
I sold out with a 25% profit on SHMP then it went up another 4500% a week after I sold lol.
I can only use limit orders with my broker in canada haha.
So it's always on the high side.
Yea theres dummies who will just dump into the bid and drag down SP.
Damn volume is getting high today.
Breaking last few days volume in the first hour today prob.
I take scale out with small profit at 25 and 50% to reduce my risk in these cases. In the case things dont work out I'm not left holding a huge bag.
Oooh I see. Should be a done deal then.
So what does this mean haha?
I've been in and out of cannabis before the 2017 rush haha. Literally any company that said cannabis or CBD was blowing up.
I bought Namaste the day ACB mentioned them lol. .20 to 3.00 run
Not bad 700K volume and up to .21
FOMO is beginning as the news release nears
We should see a exaggerated pump in the coming week after acquistion completion.
Then a 50% dump atleast lol.
At around 10 million float this could hit atleast 5$.
There will be a filing with the SEC.
There has already been a filing with evidence of LOI for GBI to reverse acquire IGNG
With the track record of PRs, we should expect a update by tomorrow on delay of acquisition or completion of it.
They told us days prior to March 31st due date not being accomplished.
How do you know how much money they have haha?
Well at the latest they usually file the 10K by the 18th of april.
So here's hoping they issue a PR atleast saying due to completion by then if it's not done by end of friday.
If they keep delaying completion hope this doesnt bleed off with lost confidence lol.
They stated that due to the acquisition they would be filing late. But these guys have a terrible track record of ever filing on time anyway.
Yea this was just some fluff news.
They need to put this completion news out.
If theres nothing on Monday this will probably start bleeding.
Who wouldn't want to set their goals high?
What investors would want to hear from a company
"We never plan on expanding"