Advanced Container Technologies Inc (ACTX)

[LongLiveTheShorts]

Hate to sound negative here but having followed this stock and the posts on this app here's what I keep hearing...

Wait until the 10K

Wait until Q1

Wait until the news on Monday

Wait until a rumored merger happens

Wait until sept/oct/Nov

Wait until Canada legalizes MJ

I think you get my point. Then I know someone will reply with the Warren Buffet quote about the impatient.

The biggest red flag is the 4 billion shares the officers own. They essentially wrote themselves a blank check they can cash out whenever they want.

If I'm an officer of the company I would be focusing on this. Gather interest and investors in your company, sell some shares and make some money. Rinse and repeat. If you look up their videos on YouTube you see the CEO giving an intro at desk behind a banner that shows the ticker ACOL which he repeats in his intro. Seems a little fluffy to me.

Just some thoughts. If this keeps trending down I may buy more shares (at some point) but until we see some positive Green Day's you would be a fool to buy in now IMHO.