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Interesting maybe but not good. They're selling bid and ask. More and more gets placed on the ask even as the ask gets hit and they will do this until the ask buying dries up. When that happens they crush the bid. They've been doing this for over a month now.
What's interesting is someone is buying all those shares. Too bad the bid sitters know they will get hit... eventually, so they don't even bother to hit the ask.
51m on the bid, 4.6m on the ask and no bid sitter will hit it for 4.6m? Sad really.
Then you have the flippers flipping good volume at a .0001 tick. They sell the ask, add to the bid and wait. This stock is dead if this keeps up as it can only go down.
Wow. Yeah. Looking so much better today and look at all them whales gobbling those shares up. GMEV still hasn't updated shareholders. Still hasn't updated the share structure on OTCMarkets since June 4th. Bid getting spanked again. Remember when I said we'll see how long those 32m on the bid at 15 would last. Now it's we'll see how long the 14m at 13 will last. Like I said I'll watch and wait until the company starts being honest.
Yes. The ole 'more for me' posts. Lol. If I had a nickel for every time I've heard that in the last 20 years...
Wow. Did you all see those two trading bots show up again late Friday with more spam to the moon posts? Lol. Everyone knows day traders don't hold over the weekend.
Same 'foundation' can be seen at .0017 .0018 before it dropped to .0013 .0014. The foundation at .0017 8 lasted 4.5 days before dropping. This foundation at .0013 4 is 2.5 days in. Look down... again, as .0013's are dwindling while near no one is touching the .0014's. We can all see the charts but I can post it for you if you like.
I know what it was. 1.9b, 1.999b is like apples and apples. They still dumped 700m as the O/S went from 1.4b (abbreviated) to 2.1b (abbreviated). 200m (abbreviated) over the old A/S, so where did they get the shares if not from the 30b? And they have clearly been diluting this whole week so where they getting the shares if not from the 30b?
If this is the case how is the O/S over the original 1.9b A/S if they are not selling the 30b shares? It's just not possible. Why are they not updating the T/A again like they did before dumping the 700m shares to bring it over the 1.9b A/S to 2.1b O/S? Why is the company 'deaf, mute and dumb' right now when investors need answers? It's simple. It's easier to quietly screw investors in the dark, than to screw them in the light.
Agreed. And not before.
LMAO. Yeah. This was said at 18, 17, 16, and higher. You guys crack me up.
LMAO. You posted at 11:06. At 11:06 a 500 share ask smash. You smashed it all right. Looks like the autobots (Flippers) are showing up for their .0002 flips. This goes no where "Broski".
Yeah. I think I'll pass on that for now.
Hopium is the worst drug a pinksheet investor can take. Like I said I like vertical farming but not looking good for this one as of now so I'll watch... for now. GL POE.
Absolutely valid point but JMHO it will come. When? I have 0 clue. But at what price will the stock be with a continued dilution rate like this and what will the O/S be. Remember they sold 700m last month alone without saying a peep and looking at this for the last week probably another 150m to 175m. If the above par for the 30b is for real they will not sell those before an R/S. What's the point? What will they get for them. Under .01? With even that last batch of 700m shares dumped below .003ish this will be lucky to ever get back to .01.
In just about all pinksheet companies the company holds more common voting rights than shareholders making shareholder votes unnecessary. Has anyone ever looked at the voting rights assigned to the preferred shares? I'm in another company that has preffereds at a 50 to 1 common for voting and the company holds all the preferred shares.
Par value cannot increase. It's written into the company charter. They can sell above par and below par but par does not change even after a split. They 'claimed' they were looking for investors who wanted to buy 20m blocks. Also Authorized shares are not affected by a R/S as those shares remain unsold. It's up to the company whether they want to reduce the A/S after an R/S. Only O/S is affected. Lastly R/S makes sense if they want to sell those 'supposed' above par shares to investors looking to buy 20m blocks. IMO R/S is coming here. What he's saying makes perfect sense.
What that means is if par value is stated in the corporate charter they can't just issue some of the common to .01. It's all or none. It would cause massive issues in their 10q and 10k filings. If .001 is in your charter ALL shares must be issued at .001.
I wouldn't be reassured about anything at this point. .01 might be nothing more than a typo as in .001. You wouldn't value preferreds and commons differently. I've read many, many a statement and filings for tons of pink companies and don't think I've ever come across a par value of .01. They are almost always .001 both common and preferred. You guys need to hound their phones, emails and social media accounts till you get answers. Guessing, supposing and hypotheticals do not equate to solid DD. Just my humble opinion.
Have to agree. While everyone was sleeping they stopped updating the T/A on 5/12 and dumped 700m shares. Then they update the T/A only to find the A/S now at 9.9b and the O/S increased 700m. 200m over the old A/S. Now they are again dumping and not updating T/A since 6/4. Not good. Got out in the .002's and staying out. GL to all here.
This post is 100% correct. Still watching here for the clarification before I'd invest again. The O/S is now larger then the previous A/S. Can only do that if they raise the A/S which it appears they have. IMO only they are going to keep the A/S at 10b and IMO only they will continue to dilute.
This is also incorrect. There are many cultivators in Portugal.
Zero to do with Symtomax as the list of cultivators has expanded quite a bit and it could be anyone of the growers listed below, yet Symtomax is still not listed on the Infarmed website. You know. The governing body in Portugal who determines who can cultivate... or not.
https://extranet.infarmed.pt/LicenciamentoMais-fo/pages/public/listaECDPAD.xhtml
Oh, and if you still have trouble reading it cause, you know, it's in Portuguese, just click the translate button.
How many times must I say GL to all? What I posted is the reality. You can sugarcoat this all you want. I'll move my money elsewhere. You can do what you want. Peace out.
Like I said. I'll watch it for a month. See where the O/S and price is then. Too many buying up the bid and throwing them immediately on the ask which is why the ask yesterday went from 11m to 26m. It's the definition of a death spiral down. The bid will get lower and lower and the ask will get stacked with hundreds of millions to get through on any move up. And like I said why play that game when there are other, much better plays? GL to all.
Seriously. Don't hold your breath. Seeing is believing. And what about the 700m sold in the last month? I'll take a peek back when and if they lower the A/S and stop diluting 700m a month. Till then GL to all. As of now nothing more than a share selling scheme... from what it seems.
You're certainly right 100%. It will not be with this company.
May 12th - they stopped reporting to the T/A. Dumped what was remaining on the first 1A of 1.5b and as such needed to raise the A/S.
Lied on Twitter about a 'mistake' when in actuality it was fact.
Raised the A/S to 9.9b proving they lied on Twitter.
Sold 700m shares in a month from 1.44b to 2.1b.
Don't you worry it won't go down fast. It'll be a slow and painful ride down to very low trips. Company is now in the downward spiral of death.
And ur going to stay with this company. LMAO. GL. Too many other plays out there to bank on than these lying twits.
Really? So I guess we don't want to talk about how they just raised the A/S to 9.9b from 1.9b and how the O/S just increased from 1.44b to 2.1b literally overnight. Everyone sitting the bid, no one really buying the ask. Bid sitters easily getting filled. Means price can only go down. Company is diluting. Fact. Just look at the increase in O/S in the last 2 weeks.
Starting to look like that 'mishap', 'mistake', 'oopsie' looking more like fact than fiction. Seems the 1A is still there and I'm guessing after seeing the A/S raised to 9.9b it will not be removed.
That 'mishap' ruined faith in this company as noted by the price hasn't recovered from the 'mishap'.
The boards had nothing to do with it. No one posted that release on this board prior to open. If you didn't sell some on that type of release than you are a fool. "You knew better" LMAO. If you "knew" to buy at 16 then you should have known to sell and buy even more at 16. Take your 'mightier than though' attitude elsewhere. Don't ya just love when the 'clowns' emerge. Lol.
So far NO response from the company to the email I sent them yesterday. They either make good on ALL the shares and losses from people selling due to their 'mistake' or maybe time to gather names for a class action lawsuit to force them to do so. Choice is theirs. Plenty of people here and on their social media pages did what any investor would do on that filing. Pretty sure many would join if it comes to that.
10's of millions dumped on the open, as they should have been with that kind of release. Twit apology unacceptable. They are liable for the damage done to shareholders.
Those that sold out should be suing the company for any losses incurred. An easy win in court if they just don't settle with shares. You can't just put out a form 1-A like that, 10 billion shares, and then post an apology on twitter and all is well. I've already contacted the company.
Thanks Jackson I found it.
You got a link for that because if it's true I will sue this company for lost shares.
Yep. Win some. Lose some. Just move on to the next one. GL RR.
Not much. Just a little 10 Billion share offering at .001. I'm out so good luck. No sense beating a twice over dead horse.
What's he going to say? "Yes we will use the money to grow the company but because of the new 11 Billion O/S we now need to do a 1 for 1000 reverse split to increase shareholder value."? There is nothing the ceo can say. This one is toast after stabbing investors like that and twisting the knife. No worries. Last post here. Minimal loss.
In all my years of trading what this company just did was one of the biggest, if not the biggest, stabs in the back of investors ever. Completely intentional as they knew exactly what would happen at 6am on a Monday morning. If there were any shorts, there aren't anymore. Dumped for a small loss. Better plays out there. Adios and GL.
GCAN is beyond pathetic. Guess we'll just load up back at .006 and do it all again. Turd can't hold a gain for shat. Should have never dropped below .0084 but ya'll just can't help yourselves now can ya. Lol.
Lol. GCAN does the same thing every time. Low vol push up then immediately dumped back down. Hope you sold a few over .01. We'll see what happens this time but most likely just more of the same. No one should 'hold' as you say. Peeps should do what 'they' need to do.
GCAN been saying this BS for a year now and NADA.
Huge parabolic move down maybe. Oh and the Q is out. Maybe you should take a gander at it? Yep. The Oral Tabs be FLYING off the shelves at Symtomax. LMAO
0 Revenue this Q. 0.00! But...
Fake News! The headline should be, 'Not a share issued to the O/S... YET!'. We all know Aitan SOLD $525K worth of new shares and they have filed the S-1 to ISSUE and SELL half of them which cold be several hundred MILLION more.
Woohoo 350K shares. Dude. NO ONE CARES! There's no one here!