Just to put things in perspective, this stock has now single handedly pulled all the reds out and im deep in the black.
So is it a great stock, absolutely not, but it has potential and can upset the norm creating opportunities which is what we want.
You will make a lot of money in volume, otherwise stick to the BRK.Bs and wait 20 years.
2 things, 1 is happening and the other will happen in the future.
The Vaping industry is still virgin and is in the process of exploding, this company will ride that wave.
Second is legalization of MJ, if that happens then the vap is the best delivery of MJ and this stock can reach unrealistic prices with Billion + market value .
The timing seems peculiar that they were trying to offload as many as possible before results came out.
What are thoughts from hereon out?
Actually its very good that they havent expanded the stores. Who actually prefers to goto a brick and mortar store to get their liquids? Instead it appears theyve made the following avenues now available:
More online presence, more distribution channels and finally franchising options, the 3 stores you mentioned serve as demo units that just happen to sell.
Product is moving, workers are packing, so unless this is a magnificent show I dont know how this cant make money.
The low price of the stock is another matter altogether.
@ Donna im trying to understand where you're coming from. You would be right if this were a shell with no product, no sales, no papers , no filings etc.
With all the above available, Im finding it hard to understand why you dont think this will eventually rise? Especially since this market is very hot right now. ECIG has more O/S much lower revenue but has stabilized at 15c.
Sentiment: Strong Buy
Good for you congrats.
My brokerage doesnt allow more than 500k at a time - what brokerage do you use?
Well the last few days had incredible volume.
Consider that the average 10day volume was around 54 m but last few days we saw unbelievable volume.
3/13 - 160M
l think this will continue this week.
Per calculations there is still around 450k debt translates to 200M shares.
.0014 is a decent buy-in but this will go down even further , next week you can probably get it for .0008 or .0005. Once all debt is paid , the stock is still weak because of all the dilution, thats when they'll R/S sometime in June or beyond.
They cannot help it, if the transfer agent is intimated by the lender that they wish to convert they have to issue the shares.
I think he mentioned it in his letter - dilution will occur till March end - through June when all debt is paid.
Regarding the note holders at the least they got the shares at 50% discounts, so for every 1$ invested if they should get say 500 shares in the open market, they're getting 1000 shares. Plus if the company is either unable to pay the loan completely or partially that share count just increases.
Thats why the dumping is so massive, they make profit either way it's scary.
The only way to solve this and cease the loss in value is to pay off the debt, so far the CEO says he hasnt taken a loan this year but who knows.
So in other words the company's profits and financials are irrelevant to the dumping.
I dont think you should be long in this, unless I hear a compelling argument.
There is still 2 Million $ worth of debt outstanding, that translates to God knows how many discounted shares.
But but but you sold ... so what are you doing here?
You dont understand Head and Shoulder analysis of stock charts do you?
No wonder you lost your pant(ie)s!
The USA decriminalizes Pot and allows recreational consumption indoors?
Secondly if they allow public consumption of E Cigs in parks and other areas.
Regarding 1 you know this will happen eventually, Cannabis has been smoked for over 2000 years , it is just as addictive as tobacco or alcohol.
The lobbies are getting stronger and as this younger generation get older they will loosen those shackles.
#2 is currently in place but there are some groups restricting it.
Sentiment: Strong Buy