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One seller can sell 100K shares and 10 buyers can buy 10K shares each. All on the ask. All show up as "buys", In reality, ALL trades are 1:1. 1 share is sold to 1 share bought. Every share. Don't look at that crap saying 4 to 1 buys. there was a seller for every one of those buys. That just tells you which side of the bid ask it traded on.
Wow. Quite the revelation. Might be going a LOT lower.
"Hindenburg found that the gift card business has just two customers, neither of which appear to have a functional business. The company has had 7 different auditors since 2004 -- often a red flag for accounting, and its app does not seem to work, said the report."
What's the number and name of the investor relations guy again??
What's the number and name of the investor relations guy again??
Dipped below $.06 again. I decided to buy back in for some shares. Hope we see the plant working and producing before the end of the year.
Yeah, I can't believe I bought another 100k this morning at .0060. Thought it was too low of an ask, so took it.
There was a T-trade. It was 497k shares. But, it was reported mid day. Yes, they can and sometimes do report them mid day, if they are done for the day. I have done it before as a t-trade person (not in this stock). I recognized it though, and yes it happened mid day today. Fyi.
"Last year, the Q1 report came out on 5/17/2021."
That is because the 17th was a Monday last year.
They are due today. And .... they are OUT!
I can't PM you, but that one may be a mistake. give me your email in a pm and I'll tell you why.
they have not even been issued yet, and when they are they shall be restricted.
See my previous answer, telling you exactly who is selling right now. Post 3074
I'll give you a good example. ADN,
A month ago it was trading about $2. Then, in one day, the volume spiked like CRAZY, there were a bunch of new names on the board, they were saying things like "it is going to $17" and that was where they would sell, it jumped to $3.50 in one day, and two days later? The board went quiet, all those guys were gone, and now it is back to $2 (Not at $17). And it has had TWO posts in the MONTH of May so far, versus a hundred in one day during the three day push and sell they did. They aren't there any more. Not pushing it any more. It dis what they wanted, they made their money, and they are gone. But it was an exciting two ro three days for those who were in it at $2 or $3 anyway and saw their stock going up all of a sudden, and seeing new people saying it was going to $17. Shoot, some of those old time owners probably got excited again and added to their positions. Those are the ones buying while the original pumpers sold, and now those loyal stockholders own more shares, at a higher price, and they are down. But the group got out, made a profit on the backs of others, and moved on. Look at the HUNDRED posts in a few hours, followed by again only two for the month of May now.
That's how they work. Hope that helps you some. Done on this topic, but I wanted to answer your questions. Good luck to you.
Why? because the company quit selling Good Hemp, their main product, the CEO and directors quit, and there was nothing left but a shell, which was then sold to a new company that will now try to make it work under what will soon be a new name. But the old company basically (IMO) failed. Also, they did some toxic funding through Power Up and P U had rights to buy shares at a ratio of the 10 day low price. So it didn't matter what low price it went to, P U still got it at a discount, then they sold it to mitigate their loss, so they were giving selling pressure all the way down.
having said that, I thought it going below $.05 was TOO low, even for the shell. Although I bought many shares at a much higher price, I'm sad to say.
An honest answer as to why it went down. Not hype, not bearish, just what happened to a good company that I wish would have made it.
No Honda, they are not. Nor are the old owners dumping. This is the ones who bought 2 days ago at $.015 and $0.02 or so, and then starting pumping this stock as going to $1 or $4 or other high prices. They say they think it will go to $4 (or $.50 or whatever) but they hold it for a day or two and then sell at whatever the price is. It works though, as if they sell for $.05 and bought at $.02, they made 150% in two days.
Oh, and those that bought at $.06 or $.05 are left holding the bag as it retreats back to where it was.
It's a complete strategy. They go from stock to stock. Notice how the posts all talk about tight float (true) and past high price (true) but nothing about the fundementals of the company? For instance, Good Hemp quit selling their good Hemp about 4 months ago. It was not profitable, and they stopped. All they had left was the water, which they were trying to sell to pay debts and have nothing but a shell. Which is what this is, IMO. A shell now. However, they sold the shell to a new entity, who will take over the trading entity, change the name, and issue themselves 125 million new shares, versus all of us old owners collectively having our original 27 million only. We retain a small ownership position in the new company. But going to $.50? The new company has no real revenues, Glacier water will probably still be sold, and the stock will sink back to about $.02 - $.01 soon, and then the future? depends how the new company does with their plans.
But these guys saw the merger, used it as a hype, bought in on Thursday (look at the volume, versus Wednesday) then Friday pumped it to get others in and make it run. they succeeded, it went up, and now they are selling. By Wednesday or Thursday of this week, the same group will be posting on another board, saying that one will be going to the moon and how something it is doing will be the catalyst. It won't be, but they will tout it. ANd odds are it will run. I think they are pretty successful at what they do. Most of their stocks run. but don't believe them when they say it will go to $.50 or even $4. That's just the hype to get others in to give them liquidity to get OUT, while they tell you to buy (or go silent). They can say "ahh, I changed my mind, had a profit and took it" if anyone legal asks them. No one is going to bother them though, and there are many groups like them around.
That's who I feel is selling today though. Since you asked.
Is the dump on already? I thought you guys would run this higher first.
You are missing one big thing. In the two mergers, they are issuing 125 million new shares. Goung from 28 million to 153 million. So at. 50, this would have a Market cap of 76 million. Big difference. Fyi.
It's the link house painter gave a few posts ago. ONce you fill in the account number, it pulls it up. You can see that the current year for like $17K is not paid, and has accrued to $19K PLUS the prior year is not paid. That will show it to you.
Sorry to be sounding grumpy, but he is lying, and when he represents the company and does that, it is just not good. That's why I put the sad face instead of the mad face. As a bull, I don't want negatives to be true, and this one he flat out lied.
This is Tristan lying.
"Hi Bill, just an oversight. It was sent to the wrong office."
The tax bill, something i pay attention to for properties since I buy tax liens, was due the first installment on 12/10/21. That was not paid. The second installment was due on 4/11/22. Not paid. But here is where it gets worse ...
The PRIOR year taxes are ALSO NOT PAID.
Due on 12/10/20 for the first half and 4/10/21 for the second half.
YOu can't tell me that they sent it to the wrong office EVERY timer, or that by sending it to the wrong office in 2020 that they still have not sent a second one.
I'm watching the company. Currently out but watching to see if I want to buy back in. Things like this though, where they are a year and half late on FOUR payments total for taxes and they say "oops. We sent it to the wrong address" is a major red flag, when caught in a financial lie like this.
Bill - maybe you should contact him back and paste this analysis of what was due when and see what he has to say about it. I'd much rather he fuss up and say they are late (the truth) than some stupid lie that says it was mailed to the wrong address!
Any updates from them about rebuilding their plant now that they physically moved it?? Where was that again? Tennessee?
I agree. MORE than the entire float. And as someone who owns (Already) a good portion OF that float, I know it was not MY shares that were sold and kept it down. I wrote in last post. I think it was the MMS selling when people were buying to keep an orderly market. Now they must buy back though over the next weeks to empty their position. That means more buying coming, and more support.
This is going to get FUN.
It's even better than you think. They have like 24 million outstanding, and 20 million of that is three insiders. Now, with the merger, it looks like it will add another 25 million shares, but also add more revenue and a new focus in addition to the drinks we sell now.
I don't know how they traded 4.6 million shares without screaming up MUCH higher. It traded basically over 100% of the ENTIRE FLOAT and yet there were sellers to meet the buys. Makes no sense. We should be higher. All I can think is that the MMs were "making an orderly market" and in doing so they were the ones selling (Short even, if they had to) when the people were buying. Now though, that means that the MMs have to be on the market over the next few weeks to try to buy back the shares to get to a zero balance. Should be good support.
I think this could do like Blue Water Ventures (BWVI) did recently. Reverse merger, new company took over, and then the stock moved over a few months from 10 cents to 60 cents. It couldn't stay up there but a nice move. Slowly over a few months. I see the same potential here, especially considered this stock has been over $1 per share for years in a row, until the last few months when it fell apart because the old owners lost interest in it (IMO, of course). Now, with new owners and a GREAT share structure, I see potential going back up again. A LOT. I bought some in that frenzy this morning, and shall hold those shares for the new team to prove themselves over the next 6 months. See how high we can go.
Your GHMP play is also moving today. NEWS out, they are being bought out. New company, new blood, new potential. Up nicely today on HUGE volume. 10 day average about 25K, and already 4.5MM traded in for hour! I think it has a LOT more upside from here.
Plan and Agreement of Merger
On March 14, 2022, Good Hemp, Inc. (the "Company") entered into a Plan and Agreement of Merger dated March 9, 2022 (the "Merger Agreement"), with Restoration Artechs, Inc., a California corporation ("Restoration"), pursuant to which a wholly-owned subsidiary of the Company will merge (the "Merger") with and into Restoration, with Restoration becoming our wholly-owned subsidiary after the Merger.
Pursuant to the Merger Agreement, 25,000,000 shares of Company common stock will be issued to the shareholder of Restoration in the Merger. Merger closing is to occur upon the satisfaction of several conditions, including (i) customary closing conditions, including the receipt of necessary approval from each of the Company and Restoration, the accuracy of the representations and warranties of the other party, performance by the other party of its obligations under the Merger Agreement, and the absence of any material adverse changes in the condition of the other party, and (ii) the reformation of promissory notes payable to our current management. Our management sees no impediment to the consummation of the Merger.
A NEW merger agreement filed today. This one has a lot more potential, apparantly, shown by the fat that 4 million shares have traded in 45 minutes. let's hope this is what brings us back to $1 per share.
GHMP.
Down from $1.20 when they shut some things down. Now a merger and low dilution. Very strong. Up 80% so far today, and only at $.08 so far. Could go back to $1.00, and volume is HUGE today. Take a look!!
Or sometimes the news is material, and the SEC requires it to be disseminated within a certain timeframe, per Reg FD. And if he waits until Tuesday after the three day weekend, he is out of compliance. So he is forced to put it out on that Friday.
FYI. We won an arbitration
Arbitration Award of $352,493 Issued in favor of Livewire and Hodson
In 2019, JS Barkats PLLC (“JSB”) initiated an arbitration against the Company and Mr. Hodson before the American Arbitration Association (“AAA”), claiming that LiveWire and Mr. Hodson owed JSB fees pursuant to a November 2015 “Retainer Agreement.” LiveWire and Mr. Hodson counterclaimed for constructive fraud, breach of fiduciary duty, breach of the implied covenant of good faith and fair dealing, and legal malpractice. The details of this legal action have been disclosed in earlier OTC filings and Company press releases. On March 10, 2022, the AAA arbitrator issued an award fully in favor of the Company and Mr. Hodson, finding that they had proven their counterclaims and JSB had failed to prove its own claim. The Arbitrator awarded the Company and Mr. Hodson a total of $352,493.02, including damages and costs of arbitration, and ordered JSB to pay this sum no later than April 24, 2022. The Company and Mr. Hodson will petition the federal court for the Southern District of New York to confirm the AAA award.
More like destined to hit $100k. Fit BTC. and about $500 - 600 for us. Maybe 2023, but its coming
Yes many pinks are DRS eligible. Not all but many. So yes it is allowed.
HUGE rise in earnings, HUGE rise in revenues. $2.5B instead of $1.98B expected. ANd next quarter may be a little lower?? So what? If it is $2.2B, that is still HUGE compared to just 1 quarter ago, and well over a year ago. Things are rising, and going well. Shoot, with these earnings we'll be at a PE of 15 soon. And they emphasis the next quarter decline instead of the HUGE rise in all parameters???
Terrible jockeying on the report. But with the rise in all categories, I'm still very darn bullish. ANd at these levels, even more so, as this is a terrible price and undervalued. IMHO
Quite the moving after hours. Watching
More acceptance. Just need about.... oh, $150 rise in price now to get back where we were. Nit even the top, but where we used to think we had a base.
In Colorado, we’ve been laying the groundwork to be a center of crypto and blockchain innovation for a number of years.
We see it as a critical part of Colorado’s overall innovation ecosystem.
Of course, our state still budgets and spends money in dollars, but this summer, Colorado will become the first state to accept cryptocurrency for payment of state tax and fees.
We are getting a payment provider to accept crypto equivalent and deposit the dollars into the state’s treasury for that amount. It is kind of like credit card payments, with the bonus that there are no returned payments!
This is good.
"Coinbase reported “more traffic than we’ve ever encountered,” which meant it needed to “throttle traffic for a few minutes,” Chief Product Officer Surojit Chatterjee said in a tweet.
“We’re back up and ready for you,” Coinbase tweeted separately.
Users on Downdetector had earlier reported problems about 7:20pm ET, shortly after Coinbase aired a Super Bowl advertisement with a QR code that links to a site where new users who sign up for the platform can receive $15 in Bitcoin."
"what's a realistic chance we didn't just loose a bunch of money betting on a three legged horse?"
I have seen this company say things for 18 months (I wasn't in it for years, like some) and ALL of what they said turned into lies. They had partners, then they didn't. They had money, and it was wired, then it was held up in customs, then it wasn't and haha it was a ploy. They had an announcement coming the next Tuesday, then it wasn't. They filed the Q and it was being Edgarized that night, then it wasn't.
I've made some mistakes in investing in pennies, and still trying to help out one that is in the dumps, but I sold this one when the lies added up to too much for me.
Personally, and this is opinion, I think this is a three legged horse. IMHO.
20. We are getting a wire in for funding. It is already on its way.
21. The wire was sent a week ago. It is for millions, so it is being held up by customs.
22. Yes it IS on its way. They are drksying it at the border because of its size.
23. Okay, no wire was ever coming. That was a rise to get even BIGGER money in, and it worked. That mobey will be here imon Tuesday.
24. We're working on it
Just read an article that said as rates rise, investors pull from risk investments, including techs and cryptos. Negative for bitcoin.
didn't like the article. HA
Lowest. Close. Ever.
At least my call options for $290 and $300 expired today for full gains. HA. (Not a big consolation)
Cathie Wood should be looking for another job!
"Since bitcoin hit its record, Coinbase is down 32%; Marathon Digital is down 60%; Riot Blockchain has fallen 49%; and MicroStrategy is off 43%."
We are down yes, but still showing to be the best performing one in the group. And we should lead on the way back up as well, whenever that happens. IMHO
Good news. You can buy it to morrow morning early, and probably beat most of the crowd who aren't paying attention to this specific stock on a holiday weekend. ANd still reap a fair amount of the rise that is sure to come.
Any updates from them about rebuilding their plant now that they physically moved it??