danny46, I recommend you do some more DD on BLDV before bashing with false assumptions. Your assumptions are all fear based, and short term to boot. Please stick to the facts.
You also seem to be very worried about the day-to-day dips and rises; but, as you can see, the long term trend is very bullish. BLDV might not be a stock for flippers, as your previous assumption that it would fall to the low .003 range (your hoped for entry point) clearly didn't happen, and so you probably missed the continued rally, and now you're on the sidelines watching everyone else make money. Is that why you're bashing?
BLDV is for long term investors imo who see the real potential in a growing industry and see that BLDV is very strongly positioned to reap the rewards of doing business in the MJ industry.
What excites me
about the new 50,000 sq/ft facility that BLDV bought is that when they start growing plants in it, the size of the facility can produce about 40,000 lbs per harvest, 3 times a year:
120,000 pounds X $1500 wholesale value = $180 million
The moment they start growing plants in the facility the profits will be enormous
. Are you suggesting people get in AFTER the big rally? That sounds silly. I want in now, and that's why I'm adding more to my position every day. And I know I'm not alone... that's why the price keeps going up.
Here's some DD for you:
BLDV reported profits for the first time this quarter, and with the new Israel deal they landed (Israel is the largest medicinal MJ market in the world), this is a bigger win than most people might think
. Only three other companies have landed that deal, OWCP being another one that did awhile back, and look what happened to that company's share price. (It went from $0.0031 to $3.40 in a matter of 8 months!)
Furthermore, BLDV is also waiting on a Canada license, which will be another huge market for them. (Canada is on the verge of legalizing MJ.)
BLDV is also expanding, and if you look at their website, they are hiring like crazy so they can get their facility up and running. The company is expanding its governing board, too, with excellent management -- very important for a company that you want to invest in.
Everyone who follows MJ stocks knows that this is a massive new industry with billions of potential profits. $$BILLIONS$$. And with it, BLDV revenue will only continue to grow exponentially. We have ourselves a true gem here. Mark my words. This *could* be the equivalent of buying Apple stock when they were working out of a garage.
Next stop: $.01, and beyond! (Target price: .1 to .3, but it could go much much higher!)