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I'm a testing Engineer... so, what's your point, materials Engineer? Fakes get weeded out as they are found.
Would be great if true... I know it's JYHO.
The amount mentioned wasn't my loss... that was the quote from the show. However, mine isn't that much more. Yours being 50K... yeah, sorry about that. That's a tough nut to swallow. Good luck all!
There really isn't any substance here, because there is nothing really going on in the market. We've been down for...forever. The share price is in the toilet, no news or financials. I heard there was another opening last week, but didn't actually see a pr. The last news that I knew for sure was the purchase of the Niagara Falls store, which was ok, but not the greatest. They are coughing up 2 mil in stock, and paying some of the cost with the store's revenues. Could be worse, I think this hit bottom before this virus crap. But, if we don't see some numbers soon, it will drop lower. Management must be planning something though. It doesn't make sense to open new stores now, when some are currently reported as "temporarily closed" on the Choom web Site. We've been essentially flat for about a month, month and a half. The 50 day average is under 8 cents now, and until today, we were just over the 10 day ma. The Bollinger bands are pretty tight.... a little news, and it could get a little bump. But who knows? When the Niagara Falls deal was announced... crickets. Until today, volume was super low for two or three days. The only thing I could point to as a good indicator is that no one seems to be dumping now (if you consider that good). The Ask has been sitting at about 7.25 - 7.5 cents, and holds almost all day. Bids seem to be between 6.5 - 7.0 for most of the day, we obviously need that to come up substantially, but I don't see that happening until this virus goes away, stores fully reopen, and super financials come out. I'm down a ton on this stock. I hang onto it out of spite for the market. Not that the market cares. But, I'm going down with the ship. If it stays afloat, Great. Ever watch Seinfeld when they invested in stock, and Jerry says, "Everyone knows the market fluctuates. I just got fluctuated out of $5,000!". George hangs on, and in the end, George makes money. I'm George, I hope.
I thought the point of Buying out Clarity was to gain access to the clinics, and be in on the medical side.
The whole sector is down a lot from highs. For whatever reasons. But for Choom, I believe it is a combination of the sector being down, and that Choom only recently started making sales. The last report that came out only showed 300K in revenue. This quarter should be the first with actual sales. We probably won't see anything until the next financials that should show 10 or 11 stores worth of sales. Don't know when we'll see those numbers. I would guess, sometime like Feb. or March. I'm hoping the 2.0 products will be in full swing by then.
They do not have 17 stores open. There are 10. One of the Camrose locations on Friday will be 11. No, haven't been to any of them, I am in NY. Photos on their web site, and all over FB. Locations in the link.
https://choom.ca/retail
Well, now this link shows Gillon had something going on with Options on Nov. 1st. 5 million at 41 cents. Filed on Nov. 15. Has something to do with 5 million acquired in Aug, I would imagine.
I know a couple of you all looked at this. Some debate as to what it means. Something sure happened on November 1st. Did they re-buy options, or cancel? Seems like high priced options to me. I hate to look dumb, but this escapes me. I think they cancelled.
https://m.canadianinsider.com/node/7?menu_tickersearch=CHOO+%7C+Choom+Holdings
Is it possible to have bought 200K on the open market at 20-30 cents each, and then sell that same amount back with these options at the options price of 91 cents? I'm probably just clutching at straws. But I can't get past the fact that Bogart bought 200K in September, and then this shows up for a total of 200K on November 1st. Whatever this is, it must have been important enough to have been reported.
I appreciate your looking at it. But I just have a hard time believing that they bought anything. I really do not know very much about options, but if they bought with the options shown, I'd have to question their sanity. The SP on these were 91 and 69 cents. It would have been a lot cheaper to have just bought on open market at 17 or 18 cents. Also, the quantities are in red, and sort of indicates a negative. I don't know, it just seems odd. And then to have two insiders seemingly doing the same thing at the same time. The quantities are a little different. But it's like they both had the same idea. We aren't talking about millions, but if someone is gaming the system, I'd like to know about it. Thanks for looking.
Can anyone tell me what this means? Click "Filings by Transaction Date" after clicking on the link. Did these two sell options, or shares? I'm not sure what I'm looking at here. It just seems odd that Bogart bought 200K shares in September, and the total of these two filings on Nov1 equal 200K. Terese's total 300K. I'm not saying this is bad, or good. I don't know, but would like to. https://m.canadianinsider.com/node/7?menu_tickersearch=CHOO+%7C+Choom+Holdings
Bogart with another 90K shares yesterday. He's been buying quite a bit lately. Nice to see. https://m.canadianinsider.com/node/7?menu_tickersearch=CHOO+%7C+Choom+Holdings
Not dead. We've just been here before. It's unusual to see up 12% without news. The CEO has been buying up shares for over a month. Filing dated yesterday for more. Low volume with 12% rise, and no news? It's odd. It's been nearly exact 6 months since the last big spike in March. I'd like to see it come around again, and even higher. Just passed the 50MA, with new stores getting ready to open, and the 10MA starting to make a move up... looks like a good time to hold or buy more, and see how high we can go; in my untrained opinion. The 1st 100 shares today didn't sell for like a half an hour after opening. I thought there was a hold, and maybe news coming out. But no. Strange day. GLA!
https://choom.ca/retail
Most of the locations on the web site state "coming soon". The link is above.
I believe he's remarking about the Market Maker, not Bogart.
I heard through some video, or article that they allow the applications to come in October, but it's about 3 months until actual sales. Looking like December for actual sales to start. Unless what I heard was wrong, or something has changed since.
https://www.budderweeds.com/choom-holdings-inc/
This is from March, but has some good info in the "Choom Gang Operations" section. Some of the Info I wasn't aware of.
About three weeks until Westlock! https://www.westlocknews.com/article/three-local-retailers-granted-cannabis-licenses-20190716
I imagine there will be no split, both now, and in the future. The article that I read, clearly states that Choom is in a licensing agreement, not a profits agreement. And, that choom intends to buy the store from the Licensee, pending provincial approval.
Sorry, had a blank post. I cannot seem to figure out how to get a picture of a chart on here. I think I've found a pattern on the six month chart. I see five match points of highs and lows. The first points are January 11, and May 20 of this year. The highs and lows seem to match up Before and After the March spike.
Maybe I'm imagining it. But I found one of these before, I did nothing, history repeated and I missed out. Does anyone else see it? My fifth point puts us at the current low. Feb 8 and today. Highs, lows, mid way humps.... I don't know what these are really called.
I have no formal training at this stuff. But I'd swear it's a match. If history repeats, should be going up. Just for fun, no promises.
Another Ontario Lottery with 50 winners to be held Aug. 20th https://www.youtube.com/channel/UCVKAcQQCO8vv87Gk62SutAg
Great! Assuming he still has them, he has every reason to see that this company is a success. That is exactly the confidence in a company that we need from the CEO. He has skin in the game. I would have to assume he still has them. If not, he would have lost a substantial amount since the SP was barely over 60 cents U.S., just recently. If he had sold, we probably would have heard about it by now.
As I've heard from many people, this is a longer play. It takes time to build a successful company. One where the SP actually reflects the value of the company. Essentially, it's just starting now. Last year doesn't really mean anything. It was all introductory stage. As has been pointed out, there is only one Choom branded store open as of yet. So anything before now was pure speculation on an idea. If you believed in the idea enough to buy in before any stores opened, then why would anyone bail out now that it's actually starting? If/When news spreads that the CEO has sold out, then I would have to take the hint, and get out. I just don't think that's going to happen just as the idea is coming to life.
Well, yes. That's what most of us have known for quite some time. No revenues. That is exactly what we are hoping that stores opening will fix.
Not sure if this helps our cause, but here it is, dated today. Seems like it should be helpful in getting stores open. https://globalnews.ca/news/5334340/alberta-retail-cannabis-licences-ban-lifted/
I think that no matter what the split is, getting the Choom brand out there into the marketplace is the critical point. No, choom may not own the license of the store, but it is the Choom brand. Who can deny that the getting the brand name out for exposure is a good thing? Regardless of the ownership details of this specific store, we need circulation. Same as any franchise. One brand, but many store owners. Would anyone care to have bought McDonald's stock when it first came out, and cash it in today? You bet!
lol... I'd give you 0.053.
I know, type-o....or is it?
Don't sweat it. I have been all over this thing for the last year. In at .70, then again at .93. Then averaged down to .45 and sold at .60. Back in again now at about the same as you... right about 52 cents. I never had 20K though. Maxed at 15K for a while. I know it sucks being down, but it will get there. I think we'll see 55 or 60 soon.
We just have to get to a point where we can hold onto some gains. That's the biggest suck about this stock. It does not hold. But, I think that is due to no real revenues yet, and this should turn around. Then I'd look at increasing my max. Just playing now.... same is it's playing with us.
I did notice that VALX and OTCX were NOT on level 2 today.... and what do you know... normal looking activity for a change. These two MMs, I swear it's their mission in life to drive stocks down. Anytime these two are around, the asks get totally flooded.
GLTA!
It's not too early. It's the same bottom we found back in February, and early March. Looks like about 34 cents U.S. I was hoping we wouldn't go back that low again, as I reloaded in the forties. I should have known better. As soon as I rebought, I knew it was going down. In over a year, Choom has not held any gain for more than a month. Murphy's law though... if I hadn't rebought, you'd all be over a buck now, and I'd be fuming even more. GLA!
LOL... That's Obama! The only sales that he'll be directing is whatever book he'll put out in his retirement.
I agree. But I don't think the claim is for all stores... he may have been talking about just in Ontario. But would be nice if it were all stores.
Yeah, that's what I thought too.
I found this article, and I'm not sure it's supposed to be good news, but I can't see how it hurts. Apparently, these shops were given a $50,000 line of credit, that would diminish for not opening by April 1st, and then be totally withdrawn by May 1st. I'm assuming Choom would have already been aware of this fact when they specifically said that the Niagara Falls store wouldn't be opened until May. So, I'm thinking...so what? But towards the end of the article, someone is saying that these stores could be seeing 1 million dollars per month in revenues. I don't know if that's good, really good, or holy cow great! What do you all think? http://www.iheartradio.ca/newstalk-1010/news/seven-ontario-cannabis-operators-to-have-50-000-letters-of-credit-completely-withdrawn-1.9167328?fbclid=IwAR1H_anUkly3esNQKXSD67NtT3UFZwFGNGkFoIlS5YYxHblCuFO0t9GfW5M
I think this is about bottom. I don't usually make claims like this, as I don't want anyone blaming me if it isn't true. However, before April Retail starting, and this last ramp up, we were holding around 35. With the recent developments, I would expect that we can hold above 35. But I have been burned before, and would not be totally surprised if we drop another couple cents from the 39 level we are at now. I hope we don't. But the volatility in this market gets pretty wild. The slightest news can drive us 20% in either direction, and then snap back the next day.
At least some Clarity stores are open, with more on the way. May and June should be a turning point for us. Just have to hang in there, or sell out. We're already approaching the low. I'm not bailing out now. I would be sooooo irritated to get out now, and then watch the ship come in. I did exactly that last June when we went to a dollar for the first time. I missed the big 30 cent jump by 2 days. I could not believe my eyes. Check out the clarity link. https://claritycannabis.ca/store-locations/
I expect that things will pick up. The whole sector looked down for a few days now. But, keep in mind, CHOOF may be OTC, but Canadian CHOO is not.
Yeah, you'd think so. But if this company is predictable about anything, is that they are quiet about everything. They go months without a peep. We've heard more in the last two weeks than we heard all winter. They don't seem to care if a PR would help the SP. Honestly, a PR isn't going to help unless there is some meat on the bone. Look at last November. 20 million from Aurora, and no positive movement. Just down. We need stores to open, and statements about revenues.
I ask with all sincerity, what other companies are you referring to? Always looking for more opportunities.
Sounds good. Don't know what's open. But I say go for it. If you're investing, why not get as much exposure as possible? Especially if it's a significant amount. For me, they'd probably laugh me out the door...just small timer, new trader/investor with about a year experience. It's always been my experience in life; seeing for yourself is always better than second hand news. When you see it, if something looks, or feels fishy, then it probably is.
Good, that's nice to hear that someone took a look at the store. They aren't close enough for me to go see. I'm inclined to think we may be stable around 51 or 52 cents. But I've been wrong before. Especially with the 1st coming around. It's a gamble, no matter what.