well, the 25M was already covered by their financing. And remember, they have authorized a boat load of shares to raise funds. My prediction, they will announce in the numbers today they have been selling shares and raised plenty of capital. That would be one of the reasons we saw no real jump after the FDA approval. They took advantage of the increased volume and sole off some of the authorized shares. There will be a loss, analysts expect 7 cents a shares loss as a matter of fact.
One other note. Your funds must be "cleared" before you can by most OTC stocks. So, if you make a deposit Monday, you will not be able to use that money (for OTC stocks) until Thursday
Scottrade charges 7 dollar a trade. However, it is a % on OTC stocks. I think for HEMP I paid about 12$ a trade or so, maybe $15. Just read their fee schedule.
Do not listen to people who say "definitely" do this or that. Roth is awesome. But awesome for retirement purposes, not awesome if you want to take the money and and spend it. Retirement = IRA route (traditional or Roth). Make money for now = brokerage NOT and IRA
well, it all depends on what your goal is. If you want to trade and take the money when you want, go with like Scottrade brokerage account. if you want to buy HEMP for retirement, go the IRA route
In case you missed it in August...
LAS VEGAS, Aug. 20, 2014 (GLOBE NEWSWIRE) -- Hemp, Inc. (HEMP) today announced second-quarter 2014 sales revenue of $2,365,763 resulting in a net income for the quarter of $1,820,418. Although second quarter sales were down 57% from first quarter they showed a 335% increase over same quarter sales in 2013. The sales for the first six months ending in June 30, 2014 were up by 710% over the same period last year.
double av volume, +15%. Something is brewing. I have no position here but always are cheering for the longs. HEMP was very good to me which is why I keep it on the radar. Hope you longs catch a break!
Love you reply to your own posts. My only regret was only throwing $2k in to this stock. Bought at .08 sold at .28. So, he took zero of my dollars. I will take more though from this stock when the timing is right!
Bummer the insider trading was not brought to light. These crooks were selling millions of shares making bank. Plus all the execs have bloated salaries. Another win for execs, loss for shareholders and employees. What a POS company
Everyone; they have been given the ability to raise up to $35,000,000 through stock offerings with a par value of .01 (i think it was .01). There is a VERY good possibility they are raising some funds. As I had mentioned in another post; 250k average volume per day. Not a lot. Why not take advantage of the news and huge increase in volume to dump some shares? IMO, this is more about dilution then anything else. No insiders are shorting this stock at this point, would be a totally foolish move.
Thank you for the info. Wish I could have tuned in. They have been waiting for this day for years, since the first FDA app. Now they can execute. This stock is going to go up. There is just no way around it! And fyi, the market is down 250 points. No sense in losing sleep on a down day provided the long term chart show up
I never know what to think, with any stock, anymore. The "Buy on rumor sell on news" philosophy seems to work. Here, to get FDA approval and have a decline in value seems out of whack. My thoughts, dilution. If ALIM was smart and they needed short term funds, selling off some of the authorized shares could be happening. Personally, I would take advantage of the volume. To sell off a millions of shares potentially with a avg volume of a couple hundred K a day would be hard. Sell off some shares with 2+ M shares trading, much easier. I still feel moderate term length, we will build upwards. Nothing has changed from when the stock was over $8 a couple months ago. So with the key FDA approval, I still feel up is inevitable. As I also mentioned yesterday, the target price was raised to $10 from $7. So, others also feel upward is where ALIM will go