I think when Cool says 100% overvalued, he's using what HE thinks the value SHOULD be as the measuring stick - not the current price. As such, simply divide by 2 and you get between 4 and 4.5 cents per share as an "appropriate" share price. There are currently a little north of 1.8B shares outstanding, so the dilution is pretty heavy.
That said, Dr. Titus DID cover much of that, but with their being late to report, it's not likely to be a great quarter. Of course things are looking up from here - when you're at the bottom, things are ALWAYS looking up!
Seriously, I hope that the deals in Brazil and Puerto Rico provide a serious boost to their top line.
The company has a bright future, but the shareholders may yet feel some pain before the gains trickle down to them.
This sounds like the plea of someone looking for a bag-holder.
How many shares are you looking to dump.
Tell you what...
I'll by 50K shares from you at $0.0710. Just find me on your L3 and sell them to me.
MLM is a proven marketing strategy. It turned a soap maker into one of the richest corporations in the world. As long as they are careful to make sure not to be operating a pyramid scheme, they'll grow faster than anyone else. They'll be the AAPL of cannabis. I'll expect that they'll do a R/S before up-listing to a major exchange but who knows what can happen in 3 years - they may not need it.
Looks like they failed to deliver on their financial report.
I wonder if it will take an extra month like it did for their annual report.
I like the company in general, but if they want to be fully reporting in the future this #$%$ has to stop happening. Titus cannot afford to be late with any more financial reports. I know this is his first go-around with MJNA so he'll get something of a pass for now, but companies in this domain (Pink Sheets) that do this generally are chronically late in reporting. That's not good for a true investor.
According to their extension letter, they were supposed to get their Q1 Report in to the OTC board by today. I watched another stock do this kind of thing last year, BCCI. That CEO couldn't hit a schedule if it fell out of the sky on top of him. I'm hoping for better in Titus.
The news about Brazil wasn't out until Monday and the interviewer was asking about the price action (CEO diverted from that). It would be GREAT if they deliver that today - MM VNDM will get a NASTY short squeeze.
Based on the question about Brazil, I think that interview was this week. That means that they'll deliver their Q1 by early NEXT week. With any luck, it'll be Monday.
Once that happens VNDM ought to get a NASTY short-squeeze.
If people don't panic and they mange to hold long enough to cause VNDM to have to deliver on the nearly 10M short shares they've been selling since late Thursday, they'll get squeezed BAD.
Sorry. Wrong message board - wrong stock. MCP is in deep. I'm surprised they haven't dropped more. If they manage to avoid a BK, they'll dilute the shares to the point where the current note-holders will effectively be the new owners. It'll sure FEEL like a BK.
Sorry. Looking at the wrong stock's message board. MCP is in trouble. Even if MCP avoids BK, they'll dilute the shares so badly no one now will want to be holding them.
VNDM short-sell strangle. If they get squeezed, they'll get burned. With nearly 10M shares short, they'll need to deliver shares pretty soon. If people don't panic, there will be a short squeeze.
It's only a 1% pullback so far... Compliments of market maker VNDM. They've been selling since Thursday, and I only saw them ONCE on the bid side of the L2 for all of a half-second.
Short seller anyone? I wonder what will happen when people realize that they're now selling in Puerto Rico and Brazil and growing geometrically (MLM). As long as they've modeled their MLM close enough to AMWAY then there will be little to stop them. If it weren't for their legal fees last year, they'd have made money. If they make another 187% increase in sales and become fully reporting then uplisting will be REALLY EASY.