They may try but I don't think it will work out for them. They are getting squeezed on their margin accounts. It is very expensive for them to short this stock. They will try to wait until day traders exit at the end of the day. I think they are going to get squeezed higher. I would not worry about any small time bashers on this board, they don't have the resources to short or maintain a short position on this stock. They are just talking trash because they missed the price move.
This stock is likely going to to spike in the next 6 to 12 months. It already gap and went to over a penny. A short trader gave it a false move down which was not in correlation to the news or positive company fundamentals. The stock price should retrace to over a penny. The stock had no problem trading above that level until our short trader started hounding it. He also cannot afford the short squeeze. This is why he exited his position everyday. Today, he will try to wait until day traders exit, if not, the price will move higher and he will likely be forced to cover any outstanding shorted shares at higher prices or worry throughout the weekend.
You really should be careful about posting your account information on this YAHOO message board. This is where some of these short scam artists get their information. Next they will try to locate your broker and shares to force you to sell to them at a cheaper price. They are bashing companies, company officers and stocks on these boards for this reason....meaning they are phishing for and mapping out investor account information while they sit in wait for weak hands to them sell shares. For example, if a short has 8 million share short, he would likely watch your account. Based on what you posted he is aware that you underwater on your shares, so how much are you willing to lose before you break. Most small investors would likely sell if this is their life's savings ( weak hands).
Short thieves normally don't research companies and if they do it is for only negative information to post. They are only looking for victims (marks) on these message board to convince them to sell their share for cheap via short and distort scams. They will piece together bits of information to get your account full picture. Be careful of posting your account information!!!!
Also, compliance departments of brokerage firms can protect your information from internal use but not when you post it these boards.
Actually, listen to all the reports was pretty not that bad for the sector. There is really no proof that edibles caused the problem with the teen or the man killing his wife. For one, the teen should not even been eating MJ edibles under Colorado law. The man was on pain killers. And kids have been bringing MJ and other drugs into the school systems for decades. I doubt that MJ edibles were the major cause of any of these problems. These problems are also only being reported out of Colorado not other states. This suggest that some in that state just do not want people legally using and buying pot, so they link MJ to any major incident to make news.
As with any drugs, parents should secure them from kids. There has also been more teens who fail from balconies after consuming alcohol. We don't hear much about those stories but one case with MJ edibles and it is blasted all over the news. That teen and man had other underlying problems. There is more to these two stories.
Note: The teen did not have to travel 400 miles to Denver to use MJ for the first time. He and his friends could have bought it right ....in Wyoming. There is sometime about with that story. Teens can buy MJ legal or not in any state.
Also, listen to the rest of the video, the demand for edibles far out pace the supply in Colorado. The companies cannot even keep up with current demand for these products. LATF should not have a problem generating new revenue streams in that state from its edible product line. This is also a diverse company unlike some in the sector. Price up and he we go with the BS.
This is exactly why I tell people not to post their personal information on these message. As soon as the price goes up and shorts get a little account information, they start digging up negative reports to post on these message boards.
For one the teen should not have been consuming MJ edibles. He was under age. The man who killed his wife was on pain killers. There is also more to these story. They are more than likely coming from watchdog groups and people who don't want others to use legal MJ in state of Colorado.
I also question why teens would travel 400 miles to Denver to try MJ for the first time when they could have bought it right around the corner from where they live. I am sure people are selling and smoking MJ in Wyoming...legal or not.
Also, pain killers cause more aggressive behaviors than any MJ edibles. It really sounds like the teens are not telling the whole story and a man is using the same story to get out of killing his wife. Advocacy groups and people who don't want legal MJ in the state are using the stories. MJ did not cause any of these problems. In both cases, the person had underlying problems to begin with. The teen may have also went to vomit and just lost his balance. There are stories about other teens who fail from balconies after consuming alcohol, they go to vomit and lose their balance.
Sounds like the other teens were laughing and teasing the young man before he reacted. Being from Congo, he likely already had underlying problems and the laughing, teasing and them giving him MJ brought out these problems.
"This kind of news is to be expected, any chance people get who don't want the whole Marijuana edibles business to work." These are just shorts digging up negative articles again. Every time the price moves up, they start posting the same articles. Most of it is to negate the recent PR by LATF concerning its purchase of Denver grow space for their edible products. I expected them to start this over the weekend too.
It is not important to investors on this board. It may have been important a year ago when a company tried to buy the seafood business. Also, he would have to list the current metrics, they YAHOO financial information is not current. and it site does not normally list all the metrics of these stocks. Market caps and EV comparisons are more important to buyers of the whole company. This company is also undervalued when compared to other companies that generate over $15 million in annual revenue. It does not have much debt and the cash is being invested in new projects create multiple revenue streams and to increase shareholder value.
Also, one would have to do a sum of the parts analysis to determine future valuations. The seafood business will like be worth more in the next few years. The growth rate is high and the metrics are improving. The company also has good cash flow, especially subtracting new investments. These companies require investors to do research to determine the metrics. So far, everything checks out here. Also, investors are looking into the future, meaning they base their investment decisions on perceived future values and their investment time horizons.
"Booming sales of cannabis have pot merchants scrambling to find enough vacant warehouses suitable for growing their product." The company is purchasing the Grow Space because the properties are in short supply and becoming very expensive in the Denver area. Demand is far outpacing supply in that area, so increase in warehouse grow space prices. The company management did a least or buy analysis and they decided that buying the property (asset) would be in the best interest of the company and it shareholders.
Read more: Pot-growing warehouses in short supply as demand for legal weed surges - The Denver Post http://www.denverpost.com/marijuana/ci_25316132/pot-growing-warehouses-short-supply-demand-legal-weed#ixzz309Ns5Aq1
Now compare this data to other companies in the sector or the general markets. You will find that most have market caps much higher than LATF. There are very few companies with $15 million in revenue, a high growth rate and profitable that have a market cap this low. Most investors are also looking into the future, so the growth rate and the expansion into MJ edibles to generate additional revenue streams are important to calculation of the company's future valuation and current price. Smart investors don't wait until they see the future metrics to invest, they invest now while the stock is trading at a discount to generate future returns.
According to the daily short reports, shorts have been the only ones keeping this valuation down of this company. The float is also about 1.56 billion shares and most of them are controlled by small investors. From the looks of it, someone is trying to buy this company for little or nothing.
At the planned growth rate, this company should generate over $20 million this year without the MJ business.
To get a true growth rate you have to do the calculation year over year not quarter over quarter. One year is not enough data to say to determine exponential or linear growth rates. Looking at he current revenue numbers the company should generate about $20 million this year. Next year should be much better if the trend continues. Also, cash flow should get much better as MJ investments (expense) level off. The company really has good cash flow but it is investing cash in new projects to generate a better return for shareholders and the company. It also reduced some debt and prepaid some expenses (over $300000). The company can also control and conserve cash by slowing down investments.
We all knew they would try to push it down today. They are just taking on more water to cover their positions from Friday.
Seems like they are on a clock. Some of these people cannot even afford to short this stock. They are just trying to buy it at a lower price in hope to flip it later. This sock is way too expensive and risky for them to short. The main shorts are likely from someone shorting against the box. They likely own shares, this is why the short positions don't show up on a brokerage firms computers. In some cases the shares show up as zero or a few shares net short ( 1 million long - 1 million shares short=0).
Some of these people are just following others around message board to cause problems. As they say, "misery love company." They cannot even afford to short this stock because the margin requirement is too high for them. Even if they could, the stock at this price level is too risky for them. A sudden spike in price could cause a big time margin call which cause them to sell other securities in their accounts.
So why are you here? Most people on this board are long term investors trying to have a meaningful discussion about the company. They don't need someone who is not interested in the company or stock disrupting the continuity of their discussions, so why not just move on.
My guess is that someone tried to buy the seafood business because it is a fast growing. Some imply it was a select group who tried to cheap other shareholders out of the business for cheap. It did not work out for them because other shareholders went against the deal. Management tried a few MJ partnerships but they had disagreements with partners on growth strategy, so they did away with those agreements. They decided to go it alone.
The company also does not put out pump PRs. The PRs are just keeping investors informed about its progress. Why do people keep coming on these boards calling everyone pump and dump investors. If you don't like the company, move on. Let others have their own positive discussions. They are not inviting bashers to their party, so why are you here.
The problem is not with the buy side. People are buying the stock but someone keeps shorting or flipping shares against their orders to drive down the stock price. It is killing the upward momentum. For some reason, they are bent on keeping this stock price down. Chances are they are trying to get small investors and shareholders to sell them cheap shares. They have been on it everyday for about a month now. There also may be two motives here: One, a company is trying to buy the seafood business for cheap and the other, traders trying to get small investors to sell who bought around a penny. In any case, they are both trying to steal from shareholders.
Layers are always filing lawsuit against companies when the price bolt down. Regulators really did not say they found anything with that company. Someone likely got caught short on PHOT (stocks this sector) and complained to regulators about the sudden spike in price. Looks like they tried to short this sector in JAN 2014 and soon after the price spiked on them. This is when the complaints started rolling in to regulators about he sector. Most of these stock,including this one, were heavily shorted in JAN 2014. Long term shorts backed off of this stock because it was too risky and they could not find much wrong with the company. So they started daily shorting and flipping it while some implied a scam. They still have not found anything wrong with this company and the stock price is going for no good reason..
You can check the OTC short sales data for most of these company starting in JAN 2014. You will notice that right after the spike in the sector short interest, the sector prices spiked at the end of JAN. Regulators started in on these companies soon afterwards. The investors they were protecting were shorts who got caught on the sudden price spikes not longs or shareholders.
I have not found anything wrong with this company. There are plenty of reasons for the stock price to move up and almost none for it to move down. The few negative articles I read only imply negative things based on assumptions but the authors have no proof of anything. They don't seem to trust anything about his sector. They sound more like insecure persons accusing their mates of cheating without any proof. It does not matter how good the mates are, they still end up destroying their relationships. They need to grow up and stop sweating on the 'small stuff' for no reason. If they can't prove their allegations, don't cause others to sweat them.
Also, how much downside do people see in a stock that trade under a penny. There is not a lot of downside for this stock. The only thing they can be looking at is small investors accounts. They see investors buying millions of shares and a little downside as a way to steal big money from their accounts.
If you like the stock buy on the dips. The stock in itself has very downside. The trader is watching large buy orders in small investor accounts not fundamentals. For someone buying a few thousand shares, there is absolutely no downside. At 1000 share this is only $5, most people spend that on lottery tickets each day. There is very little downside in this trade. The short trader is trying to rip off investors who buy millions of shares. This is why he keeps this up. The downside is only in the amount of shares not the price.
There are also companies that have virtually no fundamentals that trade higher than this stock. This is a wannabe rogue trader trying to steal from his client accounts. He is following their trades only.
Well, shareholders need to find out why insiders took over $5 million in shares for themselves last quarter without investing any of it back into the company. The cash flow statement should have showed at least $5 million in extra cash from financing activities. The two insiders also need to explain why they are working with offshore short sellers to push down stock price and steal the seafood business from their shareholders. Chances are they did not think the business would grow that fast and now they are trying to get control of it for cheap.