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See TSIF’s pitch below. Odd, it seems I never wrote a pitch on this one. I love making fun of the Cannabis stocks so it’s a bit strange that I never commented. Oh well, I must’ve forgotten I had selected it. If you need a reason to give it a red thumb, here are three quick ones off the top of my head: 1. The SEC recently suspended trading. 2. So it’s now trading on the grey markets, which is never good for any stock. 3. According to the company’s latest filings, they have recently (beginning of 2014)converted $26.7K in debt into 2.67MM shares. So the company values its shares at approximately $0.01 each. Just a bit lower than it's current traded price. Given it is trading at $1.15 as of this pitch, I am pretty sure this is a safe long-term down thumb.
Reload, probably last chance.Emerged from SEC halt with a typical 50% haircut and then drifted down.The low market cap may tempt some speculators who think the "lower value" is attractive and that the SEC threat was ballyhoo. Some blame the SEC for their losses, they should be thankful they let it reopen so they can get out before additional collapse.Growing pots....see Jed71 or my other pitches. If you believe in these cannabis plays based on legalization expansion, you should study how to value a company and to determine what real plus future value is worth in a stock price. (Hint, in this case about $0.05 or less).The volume is now low because this is a gray sheet...in order to trade, buyers/sellers MUST CALL their broker. This should give speculators second doubts and at a minimum will reduce the chance of a speculating, day trading volume run that typically can spike these.No intrinsic value....believe in legalized 50 state pot if you want, that doesn't mean anyone is going to buy from this one....
Not based on any empirical research. Just betting against a penny stock with a cheezy name. I'm sure if I looked at the 10Qs I could come up with all sorts of good reasons why this thing stinks, but I'll just go with my gut since it's not real money.
Company NotesFormerly=Baby Bee Bright Corp. until 4-2011Formerly=Sequoia Interests Corp. until 5-06Note=1-04 company is in the development stage, working with a nationally recognized, independent research and development organization to develop and test an inorganic polymer designed to assist in the recovery of reserves in the oil & gas industryFormerly=Argent Capital Corp. until 12-03Formerly=Sunport Medical Corp. until 2-98
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