My neighbor has went to an automated system of growing hydro....can even leave for a few days and is all lights on timers in each room..waters itself on a timer where the plastic tray table waters itself then drains again.....a table of pineapple express sativa she gets about $4,000 for... down from $10,000 it was worth before legalization here in Colorado...It is still high but it will go on down as more people do it.....already so much Indica that growers cannot get much for that at least in state.
And the market cap was only at the high price because of the billion shares issued...and they were at .30 now the market cap has went down and will continue to do so in all likelihood...legalization will kill the prices if there is money to be made at all....it is hard work trimming and I have helped do it for $$...but as long as there is any money to be made many more people will grow where it is legal to.
I just hate to see people sucked into a loss of their money by people who do not realize what damage they are doing to other people....but if they want to lose money I guess they can by buying in here at these prices...
Not negative Sizzlin quite the opposite ...yes?...I was positive this was going down again just like last year...
Look at the chart for a refresher course.....Yes?
The foreign exchange student who came to Colorado with friends, who jumped off the four story balcony in Denver thinking he could fly didn't need THC....THC is no cure all like it is made out to be.
Ok I will try to help you understand....How can buying used shares from someone help this company? The shares have already been issued all but a few million as gifts I am sure to the insiders....yes?
Since the shares have been issued already, the stock price has no effect whatsoever on the company unless it gets permission to delute farther....this stock then is bought for pure speculation in that one is hoping someone else will give you more for it...I myself am one of those speculaters in that mayt times I have bought it on severe dips hoping to sell a few minutes or hours later to someone that is even more stupid than I am...
I know the company of just a few employees is not worth the $250,000,000.+ and will never pay a dividend..I know the company is only worth $50,000,000.00 at best and that is most likely just on paper..I am just throwing the dice and sometimes have not won...but many times have.
Lots of trading goes on the stock market like this in fact maybe most of the stock market is devoted to per speculation that are selling for many times the book value.
It makes no difference whether the holders are short term such as myself or long term,wise or foolish, rich or riftraff.
This firm if one calls it that is indifferent to the price of it's stock, as far as it helping the company....unless the price goes down enough to where it really might be a good buy for another company to buy it out, but at this price it is not.......yes?
Seems quite expensive as there are a billion shares almost....the book value is .05, is selling now for almost 6 times book value...
Legalization with hundreds of thousands of home growers that have to time to put into growing good, has ruined the pot price here in Colorado, it is nowhere the price of it was at one time before legalization...My neighbor lady and her husband 20 years ago were getting more than the price of an ounce of gold, was for an ounce of Pine Bud, a Sativa kind that one could grow steath in the gambles oak brush even......and since they could not put the money in the bank they put in in gold and silver coins...or in banks in Equador that paid such high interest, as Equador uses the US dollar....If more states go legal, the price will comtinue to fall and at some time will be government subsidized, for people to even stay in business.
Sativa kinds is what still has some money in it here, and my neighbor lady is getting a fair price for Pineapple express she calls it, but even that is getting cheaper and cheaper as it is truly a supply and demand market and more supply is coming on.
I live in a rural county in southwest Colorado seems every other person is growing here.....You can pop out a crop of Indica about every 7-8 weeks if you have then in different stages, but the price of that has collapsed locally... Sativa kinds are still fairly high...I know my neighbor lady sold a table that made a pound and a half of buds dried, and got $4,000 for it just last week as I helped trim for her... But she has a good connection...and has been growing since the 1970s here, she knows what she is doing and her buyers know it.
$17,000 seems a little high unless she had a hillside of steath grow this last summer, and had someone to show her the ropes as it is quite complicated to grow good and know when to do what and when....even the drying process has to be done just right....
Being arrested means nothing to people excited about MJ...It means nothing that the founder of this company was convicted of fraud.
One can, and some are, arrested for the slightest thing.
ERBB does not have a history of making money for it's investers long term...Adjusted for reverse splits $96,000.00 on August 27th 1996 may have worth over a hundred thousand in a couple days but now if kept that same $96,000+ investment is worth .03 today...and the financials say the future is no better than the past...only have to hope someone comes along dummer than you are to give more for the worthless stock..people do tho,' but it is a trader stock only as most of these are I think.
With the price of MJ going down I don't hardly see how they are going to make money and with so many new places coming on...
Remember if you bought this one in Aug 1996 your a $96,000.00+ investment is worth .03 right now adjusted for all the reserve splits it has had..It does not have a good track record as a good investment at all and looking at the reseach om this has even less of a future,...Yes? one can only hope they can sell to someone more stupid than they are to buy this.
Yes it should stay in this range for a month if it is like last year...If it does not go up by then people will start to lose hope just like last year and sell for what they can...it should stay around .15 for quite some time this summer
Be interesting to know if Michelle Sides has sold her 15,000,000 shares she gave herself...I bet she has.
You sure made a good call it is up 10 percent in one day.I myself would be happy to take the profits right now...I would as thousands of these companies are coming...taking market and the value of this stock which will fall back to previous values as it is just a rerun of last year..
AERO only has a little less than 6 million shares compared to the almost one billion here on this one.
An is held 48 percent by insiders that says something.
The trouble with all these tiny companies is that they will drown in completion....There must be hundreds of thoudands of people growing in there houses here in Colorado this winter. And it is most certainly not a green friendly crop.All kinds of electronic equipment is used...
I just seen the other day my neighbor ladies fully automated hydroponic system and could not see a spider mite or any mold on the nearly ready to harvest plants...the water that pumps up to the trays automatically is treated....the lights are all on timers but take huge amounts of electric and the fans running all the time, and air pumps going....if there is any real money for companies to compete against small growers large corporations you can bet will get in from GE which is into a lot of things to Phillip Morris with probably imported labor from Mexico.
I don't see these small things with nice names really having a chance..it simply is an ag product that is to easy to produce.
BKK You are so funny!....this is a good trading stock and I have bought it quite a number of times sometimes losing, but usually winning...But I do NOT hold it!...this company is way overbought with what it produces...it's book value is .05 and that is most likely very false...At .05 a share that would make it worth almost 50 million and with the small number of employees that cannot be producing much I can't see it worth nearly that...much less what this is selling for now at .30+....I even wonder if the company owns the land there office is on or whether it is renting the office space....Have you tried calling their lawyer?