InvestorsHub Logo

NoMoDo

07/31/18 10:51 AM

#203445 RE: thepatienthound #203444

I will suspend reality for a moment and assume that this is an honest question. I have a question also... how did Marco "bilk" people out of their money? Did he call anyone up and ask them to invest?

Investing in pennies 101: The only thing that really matters is hype. Profits are a big number 2, but I know of a penny stock that is (just barely) profitable that has no volume and traded a month ago at about .02 (they just did a reverse split and now trade at a buck) so they can eventually get out of the OTC.

So hype is the key. A stock gets hyped, the price rises precipitously, the smart traders get out. The stock takes a dive. If the company has what it takes, the smart traders get back in at a lower price for more hype (hopefully meaning good business results - but not necessarily).

Here, Marco is still trying to figure out the hype part, but I am guessing that DEWM is either profitable now, or will be shortly based on past financials. He is equating hype with doing something HUGE. Ie. a new dispensary, buying India Imports, buying a restaurant with celebrity appeal, or having a hand in the music or movie industry. All good things, but not really sticking to his knitting. Kinda like a junior Elon Musk launching a car into space or offering to rescue a soccer team from a cave.

Personally, I think Marco is highly intelligent. He is making DEWM profitable. He is growing his business. I hope he ends up connecting with someone with a high level of accounting experience. I hope he ends up connecting with someone that is highly influential in the hemp industry. I hope he allows himself to be the Chairman of the board, but puts someone with a more singular focus to become the CEO.

If anyone lost money here, they just chose a poor entry point. Not really Marco's problem.