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They could announce a buyback anytime, however, I personally think they would wait until just before their next quarterly report (that's of course if they are actually doing a buyback which I am not saying they are but is a possibility) before announcing it. Based on them being a current filer I would expect them to be filing their next 8k by mid February which would be in advance of PM having to respond to the patent infringement suit. Lets remember, Philip Morris only has to respond by 2/27 or 26th, can't remember the exact date now, 2/27 is not the decision date for anything, this case could run on for weeks, months, or years. The other consideration is, if HCMC did start a buyback, if it didn't start until 1/2/21, they would not need to legally disclose it until their Q1 21 quarterly report which would not be due until mid April. So, a lot to consider, and a lot of questions to be answered, but I think we could see a lot of activity here over the next couple of months!
Only thing I would say is don't be scared to take profits along the way, this is the pinks, trust nothing or no one, do your own DD and never invest more here than you can afford to lose!
Best of luck to you FAL
FOF
Great point! Amazing volume driving this up, but far less driving it up than was traded in the 0.0001 to no bid range! It looks a little like another stock I'm in that sat between 0.001 and 0.002 for years and just had a 5000% run to $0.10 today on no news, filings, anything! (It did fall back to 0.057 later in the day, but the move was over just 3 trading days!) OTC is a crazy place right now!
GL Phantom!
Typically if the company is buying back shares they will at some point announce it as if they want to remain current in their filings it would be disclosed anyway. BofA has been buying back shares for the past couple of years and announced it right before their quarterly report, that said BofA were buying back shares and then vesting them amongst their employees of a certain seniority within the firm. If I was HCMC and were doing a buyback, I would not announce it until the last minute as the announcement will typically drive the price up.
Hope this helps!
Wow! In 30 years I have never seen anything like this. Prior to today, billions exchanging hands at 0.0002 to no bid, I have a few mill I was able to add at the bid when it was down at 0.0001, just for the hell of it, an absolute punt based on the share structure, but interesting patent story. But what I have never seen is the way this moved this afternoon, it was as if there was something wrong with my trading platform, volume was there, agreed, so much volume, but after so much bid whacking for weeks, months, to see buyers slapping the ask, moving the price, I would have never had expected a move like this in a million years!
Love the move, excited to see the next turn in this stocks journey! I've seen people talk about being here just because this is so different, honestly, it's why I'm here, but there is something up here, I and I think for the positive after today, I've never seen a stock trade like this and I don't think its a fluke!
Best all, go $HCMC!
Great honest post, don't see these often on here, but I personally appreciate your honest evaluation, opinion and humility!
Best to you!
I think Clay typically uses GREEN especially if he was in $BMIX the last couple of days, GO $BMIX!!
Totally agree Glens, great looking SS (regardless of the prior reverse split), market positioning (rare earths), limited operational risk, and clearly news coming soon as these things don't run by accident! Some people may be calling a pump on this, however in this room all the players are the same as several months ago, which is typically not the case, so I don't see a pump here either, at least not yet, unless they are loading in advance of what may come, but IMO, I think we are in a good place here!
Best to you
They haven't and they never will, they're not a mining company, they're an exploration company that owns the rights to the lithium should they find it. Just sayin..........
Looks that way but most of the volume was at .50 and above, late sell off with no support drove it down, still looking for a price above $1 closer to EPS of $1.17
Head & Shoulders forming? Drop to $38 short term?? This POS should be trading at .0013!
Hey John
Congrats on the move! I do have HITIF on the watch list but in all honesty have done zero DD on this one yet, with no news, would you mind enlightening me on why you think this had the 42% move today, will look into more tomorrow. Chart looks good, love the moving average, RSI, strong volume, but doesn't appear that was the catalyst for this move.
Appreciate your thoughts as always!
FOF
Who is selling?? The Company - likely, but why?
IMO I expect a pump coming, someone is getting loaded, I thought it was bad the last few weeks but today, wow! I'd expect the company needs operating capital while working through the PM patent infringement which could take anything from months to years. The opportunity is now to dilute to ensure the company can remain a going concern until a settlement or ruling. If they settled out of court or if went to ruling, say you expect a $1b or more settlement plus damages, at todays published O/S that's $0.01 per share, even at a maxed A/S its 0.0013 per share, and that is taking into consideration the 20% cut the legal team will take prior to the company or shareholders seeing any of the money. I would expect but don't know, the legal representation is not getting paid by the hour as they see a huge windfall legal settlement being far larger than any pay as you go fee.
It's likely a reverse split will occur before any settlement happens to reduce the A/S and make it more palatable for any serious investor, but at these prices, with the patent infringement case looming, volume flowing into the stock, a real revenue generating business and being current with filings, I personally think, its worth throwing a few hundred bucks at!
I am long and all of the above is IMO, but personally will be holding this for the long term.
FOF
Where are you seeing the 54% drop in PM? I see it down $0.98 after market on Friday for a less than 1% drop, hope you're right though, lol
Make money on the way down and buy puts, my March 20 puts have doubled in a week, lol, you can still buy at .01 but put $4500 per option in your pocket in the mean time!
Definitely looks like someone's accumulating based on the increase in volume of late and steady climb in price!
I sure hope you're right, I am long a whole bunch of March $20 puts! lol
Ah yes, I don't disagree, however, look at how our media has been manipulated over the last several years, they will make Dorsey the fall guy, nothing to see here, we weren't trying to silence the public, it was all his fault, and the democratic sheeple will be all good again and start buying back into this fraud of a free speech social media platform!
Totally agree, but seems Dorsey has been on thin ice for some time, worst thing that can happen for those of us who may have a short position is he gets removed or repurposed!
https://en.wikipedia.org/wiki/Jack_Dorsey
Current share structure is here as of 1/7/20:
https://www.otcmarkets.com/stock/MMNFF/security
Its number 3 on mine, if you don't mind me asking what are the ten above and why? (Sorry, know that's probably a long answer, lol)
Already in Madmen, they own Ascend LLC in IL who is a major supplier to Verilife, who have about 8 IL dispensaries, from what my wife has told me, their product is one of the best, lol.
Another Cannabis stock that seems to have some run in it is $TLLTF, just uplisted from OTCQX to OTCQB last week, EPS on this (not saying that is the only consideration) shows it should be trading up over $1, currently at around 0.38.
Best
This is great news, this stock is way undervalued, base on EPS, should be trading over a $1!
I'm with you John, I do think they are back, I do think this is over inflated with the GA elections and will pull back a little, but this is definitely a buy at least until the Senate vote on federalizing use in the US which I firmly believe will be approved!
I hate to say this but have to agree, I got confirmed with a sale at .0002 this afternoon, only to be called by my broker to tell me I received an "invalid fill" and that my stock would be returned to my account and my sell order would be reinstated - sorry, 30 years doing this and the first time I ever had an invalid fill! Something very fishy here!
Hmmm, understand where you're coming from, but with the O/S maxed out, wouldn't they need to increase the A/S to honor the stock option agreement that the CEO accepted in lieu of his $250k annual salary? And lets face it, for a pink, a 2bn A/S is nothing! Not comparing value, but Bank of America's O/S is over 8.6bn and A/S is who knows, its not available!!??
Well said, see a lot of value here, not going to repeat all the already posted quality DD, but to forego a $250k salary for stock options I personally think shows a lot of faith in the direction of the company. The shares he currently holds, if my math is correct, barely covers 6 months worth of salary!
Well said!! New to iHub not to the Market, but I think #BMIX is a true gem! 2B A/S is nothing for a pink, ok, going to move to 2.5B A/S, but as someone posted earlier, they have money for exploration permits but dump shares into the market, do they not understand that they are trading on these markets to generate investment $$ to fund operations, increase the value of the company and in turn shareholder value. I Understand there are a lot of shams in the pinks, but very basic DD shows this to be a real company!
All IMO of course!
Hey Chartmaster thanks for the response! And I really do appreciate the analysis. Yes, I am looking at the charts and the fundamentals, I've been doing this for 30 years although new to IH!! I like this stock and am long and strong, but I really don't see what you're seeing in the chart, there's been accumulation but volume has died, how can we work together
Hey Chartmaster, been following some of your picks, and kudos to you, some fabulous picks and prizes, but, don't see it here, what am I missing?