Its funny when i expressed my concerns previously all the way back in May I was reprimanded by two of the mods as being a basher. At the time I noted that everyday more and more stock was being added to the current level, which they denied and said I was wrong. I knew this was a scam and I am just glad I did not average down. Lol I am sure Wayne did not know about the law issues months ago. Complete BS.
It aint over
till the
" fat lady sing's ".
U dont loose money endless you sell.
Lucky if I recall u were once a basher on this stock. When u got ur cheap fills, u started pumping. U got caught in your own trap and became a certified bagholder. lol the irony is u were right the first time.
Yup, its way too late to not be "long" now. Many were long, and selling just a few ticks before a likely bottom bounce won't fix it now. Nobody here knows how low it goes, or where it is headed in a few weeks or months. We'll have many new traders in here when the hysteria subsides, MMs that do whatever they want to the pps etc.
I agree skills, I am holding for now.
$UNGS This is what THEY do...Now it's time to load up more at 0.0008 and ride $UNGS$ to pennyland...:-]
IMO, Wayne had already made his millions on this stock and yesterday didn't effect him at all. The odds are high if you stay in the pennys long enough you'll see him again in another scam.
Hippo, I'm honestly very sorry you took a loss on this scam of a stock. I've learned the hard way to never trust a penny stock CEO as the vast majority are nothing more than elaborate scams designed to separate investors from their money. Some of the scams are more blatant and some are very well planned and executed. However you can still make money on these scams by buying at the bottom and reinvesting your profits into more shares to flip again. I was fortunate to get out of this one with minimal profits and will continue to play all pennys the same way. I'll never plan to go long on any penny stock even when all the DD suggests otherwise. I posted such a few times and got nothing but cussed out, called names and everything else but was proven right in the end. I'm really very sorry a lot of good honest folks got screwed on this scam but you gotta hand it to Wayne Anderson, he played this one very well and made millions.
Excellent post! Come back to the dark side, Luke?
unfortunately long is not a place to be in the otc gltu
Here is my logic on the matter i can sell for a loss which I have done before multiple times only to see that later they AGAIN took off way above my original buy in price---or I can hold and wait until I can at least get back to even----there all good to rebound unless they suspended from trading----it hurts to see the play you get out of for a loss take off at a later time---i don't see this one getting suspended anytime soon so logic says hold until the price does what they all do eventually"most that is",and then sell at a later date---there is always traders that are sincere that say get out now its a scam,and they are correct,but they never say that most of these have runs at a later date,even as far out as a year---that is what one needs to keep in mind---its the truth they will run again if they are still trading, and most will be----i wont sell just yet,especially now that the plan B just started yesterday and hasn't even had a chance to get pumped yet---WAY TOO EARLY TO SELL IMO---actually this may be the time to buy and make your escape even easier---am I STUPID??????lolololol--most likely,but it is bliss i assure you
Been here since jan 2013 and yes still a newbie. How much stock value did Wayne and Rita loose on Friday? It is hard to believe that the Anderson would take that much of a loss without a real plan in place to replace the value of their own stocks. I know it is out there!!! However was there enough dilution activity in stock trades to re-coop that kind of loss the Andersons received on Friday?
Very well put my friend!
You're keeping it real Ant, there's a lot of traders here that need to see this information because I know some are still holding on in hopes things will change when in reality this elaborate scam is dead in the water IMO
They're all scams bro! Keep in touch!
Well it was a good fuzzy feeling for a few months,so......on to the next one. One of these days it'll be our turn, one of these days. GLTA
You are correct Relativity. Fear ruled the day and peeps did what they wished the had done a few days ago. The build up was was too long and many had too much time to average down and buy WAY more shares than they should have.
And Ant is right, most of us had numerous chances to cash out.
For those who have or are leaving, don't fool yourself into thinking you have found a different clean and honest pinkie that would never deceive their shareholders? Find a different exchange for that, and prepare to wait years to recover your losses.
This will bounce around and I believe I can get out with a minimal loss if I choose to if I don't see progress and much better commnunications. Sure I would feel more urgency if I owned 20 million shares. I'm pretty confident there will be some forward progress and PRs in the near fture. To not do so at this point would be putting himself in danger of litigation or sanctions. Because the MJ pinkies are under the SEC microscope is why I believe this.
Agreed if they did a rm into a USA company then their whole operation would/could become a U.S operation. They don't currently have a MJ business therefore MJ regulations would not effect them. The whole thing smells!
Relativity speaking...you may be right..the universe always has a plan..but a stinky pinky CEO has dozens..we shall prevail.