the latest PR
Okay, I see a mix of good, horrible and whu? responses.
I'll admit, I've been wrong before but my overall take is expected leaning towards bad but that's ok cuz we are 1/2 already so it won't cause a panic sell.
Ok, Q3 was tepid with 975K earnings, 125K profit OOPS no 15K profit! ballas admittedly cooking the books and being super super super DUMB about it.
Regardless, I think we dropped off from 100 to now based on that 15K change.
Always said 2018 Q4 pre ambassador would be tepid, thought he's SKIP it. but ballas is honest in his stupidity or corruption. so instead, he does what mark twain said was worse than a damn lie....he used statistics. He published the WHOLE year.
Ya, 3.7 mil sounds better than the LESS than 900K and a DOWNTURN compared to 2017. 5K total profit....well that sounds like he cooked that also, what? if he had +15K in Q3 and I \swear he had plus profit in Q2 and Q1, that means he lost money bigly in Q4 or he continues to cook the books.
Now Smokey, ballas' haters and other critics will grab the year fins when they hit pour over them and tell you the pros and cons, I am only guessing, hoping and honestly with a bit of cynicism commenting, still trying to figure how to make money assuming it's a corrupt pig.
but if debt is way down, expenses which appear to be hidden luxuries for ballas and friends is gone, and monies are into ambassador and advertising (then again, everyone says theballas youtube videos are a total lame bust) ...then ambassador.
Ballas gets one more try, if Q1 2019 shows that ambassador has a chance to give the "viral event"....then yeah, hold the course.
overall with 700M on bid and 500M on ask at 1/2, and the piossibility ballas was lying out his ass on no more dumping, you might see 700M at 1s get eaten up bigly.
then again, maybe there will be noobz out there, or longs who disagree with my cynicism might cause a local pop. I don't give it huge odds though. but maybe there are noobz like I was who stil would go "ooh over sold with SO MUCH potential and look it makes a profit while other CBD pennypots post negative income....and only 20K for 100 million shares? buy buy buy
more likely, now I give a 20% chance that ballas is soooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
stupid we see a billion or so dumped and we're looking at 0/1.
most likely I am guessing tho that the 700M on the bid will get a good chew, yhou might see the 2 billion MM specter show up on the ask. and ballas will be willing to get 50K for the 5 billion he has left. we might get a few push buys into the 2s to buoy the price and keep the longs from groaning in another day of on-paper pain.
you might also see more and more crowds on the 2s just to unload plus the MMs knowing that this thing will last longer and 10K profit pretty much guaranteed (the time frame is the only question mark now) if for every 1 you gain you slap on the ask at 2.
and we'll continue to wait, and pray for the viral event.
at least it isnt' name change plus RS.
also, at least Ballas continues to be ballas. I'll give that for a crook, his PRs are filled with ….weird and creepy honesty. perhaps he's well advised.
I still don't feel this is a reason for a panic sell. I hope I'm wrong, but I expect at the end of the day the hopefuls will say "wtf?" and the trolls and haters will come out and say pretty much what I'm saying but in 10 words littered with "POS" and making you feel bad for being a long, if you are.
on the optimistic side, today is the day to possibly tank up on 1s, if that is your goal. I think I'm gonna try for a few more million. maybe.
hope I'm wrong, hope this calls in some noobz and tankers.
GLTA, and warmest regards.
