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re: Let’s talk weed stocks in this thread

Posted on 2/4/19 at 10:06 am to
Posted by papz
Austin, TX
Member since Jul 2008
9364 posts
Posted on 2/4/19 at 10:06 am to
I really hope that African Japanese guy still has a roof over his head. That dude went ALL IN.
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15597 posts
Posted on 2/4/19 at 10:22 am to
quote:

I really hope that African Japanese guy still has a roof over his head. That dude went ALL IN.


Yea haven't seen him around in a wile. When I saw the price drop then read the article, I was about to try and sell but realized that I only have about $1k left of the stock anyway so may as well stick it out and see what happens. I said earlier in here that towards the end of the year if it was in the red (looks to be that way), I'd sell for tax purposes. Hopefully there is still some value in the company. If they sell, hopefully it's for more than the $0.80 / share it is now.
Posted by GVT
Lafayette
Member since Jan 2004
987 posts
Posted on 2/4/19 at 10:25 am to
Are you Thumpa? ??
Posted by Pendulum
Member since Jan 2009
7616 posts
Posted on 2/4/19 at 10:26 am to
man I ate 3,000 in losses when I finally cut loose at 1.11.

Most painful move of 2018 for me, but thank the lord jesus I did. Was able to move that money into cgc and get back some of the losses.

After the first time I saw one of those videos with the CEO in it acting like a child, I shoulda got out. I was only down like 1000 at that point.
Posted by papz
Austin, TX
Member since Jul 2008
9364 posts
Posted on 2/4/19 at 10:27 am to
I'm hoping for a buy out.
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15597 posts
Posted on 2/4/19 at 10:37 am to
quote:

I'm hoping for a buy out.


I am guessing the investigation and firing came from a result of Eight Capital. They put $45M at $3/share into NXTTF on September 26th then this investigation, according to the article, started in October.

Either after they made the investment, they realized their mistake or this was their plan all along. The thing I definitely find interesting is a month later on Oct. 25th, Eight Capital took the over-allotment option to increase their investment to near $52M. I don't think you throw an additional $7M at this company while an investigation is going on unless they were completely left out of the loop on this investigation.
Posted by TigrrrDad
Member since Oct 2016
7617 posts
Posted on 2/4/19 at 10:44 am to
Yup.
Posted by lynxcat
Member since Jan 2008
24744 posts
Posted on 2/4/19 at 12:16 pm to
I still own a bit of NXTTF and have decided to just let it fly...I think a buyout is the only way I will ever recoup my initial investment. I didn't have much invested in it but it's still painful to see it down ~70% since I bought in. Great learning lessons on why the other 99%+ of my portfolio is highly diversified across equities.

I never bought CRON shares even though I have them in the stock pick'em. They are up another 17% today...that makes close to +120% in a month. I do own some MJ so I guess I get a partial uptick via the ETF.
This post was edited on 2/4/19 at 12:18 pm
Posted by ScaryClown
Member since Nov 2016
5847 posts
Posted on 2/4/19 at 12:51 pm to
wouldnt the ceo being fired be a plus at this point lol?

also how do we get in on a class action lawsuit or something against this fool?
This post was edited on 2/4/19 at 12:56 pm
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15597 posts
Posted on 2/4/19 at 1:40 pm to
quote:

wouldnt the ceo being fired be a plus at this point lol?


Definitely cannot hurt it anymore

quote:

also how do we get in on a class action lawsuit or something against this fool?


I believe you had to "get in" before a Dec. 5th deadline.

Like the poster above you, I am letting it ride and hope I can recoup more than the $1k it's currently valued at. The good thing, at least my loss can only max at another $1k with them.
Posted by Cwar11
Shreveport
Member since Jan 2010
2291 posts
Posted on 2/5/19 at 9:56 am to
Taking another dive early today. If it hits 1’s again I’m gonna scoop up a few more.
Posted by 7LSU7
Member since Sep 2016
1103 posts
Posted on 2/5/19 at 12:49 pm to
LVVV back in the teens again
Posted by TDFreak
Coast to Coast - L.A. to Chicago
Member since Dec 2009
8294 posts
Posted on 2/5/19 at 1:14 pm to
Last trade at exactly 2 cents. Noticing some regular 500k share transactions every trading session. Had that plus a couple 300k share sales today.

Is somebody divesting?
Posted by TigrrrDad
Member since Oct 2016
7617 posts
Posted on 2/5/19 at 1:19 pm to
That has to be someone who was paid in restricted shares that are now unrestricted.

Damn, I wish I had more money riight now to scoop up some more, but I’m tapped out.

Get’em while you can!
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15597 posts
Posted on 2/5/19 at 1:36 pm to
quote:

Damn, I wish I had more money riight now to scoop up some more, but I’m tapped out.

Get’em while you can!



Yea I just bought another lot at $0.02.

Took the loss now on HCLP to hope and make it back with these shares.
Posted by questionable
FL
Member since Apr 2008
1197 posts
Posted on 2/5/19 at 1:55 pm to
Dammit, gonna have to pick up another 25k now.
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15597 posts
Posted on 2/5/19 at 2:32 pm to
quote:

Dammit, gonna have to pick up another 25k now


If we keep having these dips into the teens, my cost per share avg will drop to $0.02 flat.
Posted by lynxcat
Member since Jan 2008
24744 posts
Posted on 2/5/19 at 2:35 pm to
...and your invested capital will keep rising. I hope no one gets overextended on these penny stock trades. This board likely owns 20% of LVVV
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15597 posts
Posted on 2/5/19 at 2:39 pm to
quote:

...and your invested capital will keep rising. I hope no one gets overextended on these penny stock trades. This board likely owns 20% of LVVV


Yup....I am aware. Today's particular lot purchase was moving money from other investments. Either way, it's all spare money I have in it anyway. I definitely hope I see my investment plus more later on but if it went to zero it would hurt from an emotional standpoint but wouldnt do much financially.
Posted by TigrrrDad
Member since Oct 2016
7617 posts
Posted on 2/5/19 at 2:46 pm to
I’m at the point that adding a couple hundred thousand shares at 2 cents won’t drop my average much at all. I was glad to get it down to 3 cents from over 4 for the first half I bought. My kid may buy more at these prices though.
This post was edited on 2/5/19 at 2:48 pm
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