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Choom Holdings Inc CHOOF

Choom Holdings Inc. is a Canada-based retail cannabis company, which is established as store networks in Canada. The Company’s Choom brand is inspired by Hawaii's Choom Gang, a group of buddies in Honolulu, who loved to smoke weed or, as the locals call it, Choom. The Choom Gang pursued a ‘live in the moment’ lifestyle and their energy has helped shape the Choom culture, which is rooted in the shared belief of cultivating time with friends. The Company is focused on delivering an elevated customer experience through its curated retail environments, offering a diversity of brands for Canadians across a national retail network. The Company operates through two segments: Retail Cannabis and Corporate Operations. The Company’s business strategy is to build retail cannabis chains, with locations across Canada in the provinces that allow for private retailers.


GREY:CHOOF - Post by User

Bullboard Posts
Comment by businessprofon Dec 18, 2018 8:52pm
102 Views
Post# 29132454

RE:Do your research on Choom

RE:Do your research on ChoomYeah Wolfofwallstre, we all have.  That's why we aren't selling our shares at the bottom.

I almost thought this was a respectable post until you went on to explain that your choice to sell all of your CHOO shares was based on ‘proper research’ skills learned from ‘books’, research that influenced you to then purchase KALY???  This is very, very scary and I don’t need to read a book to arrive at that conclusion.   Choomers – just go to https://sedar.com, spend 2 or 3 minutes reviewing the financials from these two companies, and you’ll likely agree that Wolfofwallstre might need to read a few more books.  Also Choomers, don’t buy into these wolf in sheep’s clothing nonsensical observations (no pun intended on the username).  These posts are the ones that are carefully crafted to try and scare you into selling your shares at the bottom.  “Hey, I’m looking out for you guys.  This is not a good investment”.  And that’s it.  That’s all we get.  Um, ok.  Here’s another statement, “I promise you this IS the best investment you will ever make.  I really care about you guys, which is why I am letting you in on a secret.  Choom will be above $1 again by late January.”  See that?  Both statements are complete bull$%it.  However, simply based on the chart for this stock, the second statement, statistically speaking, is much more likely to be proven true.  But Wolfofwallstre isn’t talking about charts.  He’s (just assume it’s a HE) read books and he’s learned how to research companies and he’s worried for us!   So, if you're up for some more book reading Wolfofwallstre, keep reading, because I'm gonna write a book concerning everything that was wrong with your post....here we go...

To start with, There is NOTHING WRONG WITH CHOOM!  I don’t even think this stock is manipulated.  There’s not enough daily volume to substantiate this theory, nor are CNSX / OTC stocks usually a safe choice for the MMs.  This is a classic double-bottom amplified by overall market weakness.  Just hold on baby, and keep reading my book.  After all, Wolfofwallstre says this is the key to sound investing....

Some Generally Rules to Remember

First off, no one in this game EVER feels sorry for someone else for losing money.  We all make choices in the stock market, and we have to live with them, good or bad.  We don’t feel sorry for Wolfofwallstr and he definitely doesn’t feel sorry for us for buying Choom at $1 barely a month ago or .60 cents last week.  If you believe this company will achieve their goals, just don’t sell the stock.  It will go back up. 

Secondly, the whole point of conducting fundamental research on investments is to accumulate actual facts and knowledge that will assist in the decision to buy, sell, etc.  Wolfofwallstr writes “Recently i have been reading books in investments, how to read a proper portfolio and so on, from here i can tell you that the investment is not worth it.”  The fact that this guy can’t put a complete sentence together notwithstanding, WTF is he even talking about?  No facts.  No knowledge.  No data.  “I read a book, and now Choom is a bad investment”.  That was it.  Um, ok.  Well then, if, as a result of your comprehensive book-learned research skills Wolfofwallst, you have determined that “the investment is not worth it”, how about you tell us what you learned?   Why not describe the alarming factual data uncovered via your exhaustive research efforts that ultimately lead you to this deduction?  Instead, you made an all-encompassing ‘I’m looking out for you guys’ bash and subsequently provide zero evidence to support it. 

The "But wait..." Moment Any Intelligent Person Should Have

*** Aurora seems to feel the investment is worth it.  Did that you miss this detail while aggregating your extensive scholarly research results? 
***

Bullboards are For OPINIONS, Some Worthwhile, Some BS

We should all know by now these bullboards are nothing but a bunch of opinions supported by very little fact.  Some of you post lots of good factual info here, but most don’t.  Just lots of opinions, which is fine, especially when it's positive becuase after all, isn't that what a bullboard is for?  So, here’s another opinion…and really, you shouldn’t listen to me or Wolfofwallstr.  You should all be doing your own DD before you decide how to react to these many, many opinions.  But for what’s it’s worth, here’s that opinion...again, I repeat...

There is NOTHING WRONG WITH CHOOM!  I don’t even think this stock is manipulated.  There’s not enough daily volume to substantiate this theory, nor are CNSX / OTC stocks usually a safe choice for the MMs.  This is a classic double-bottom. 

See how it easy it is to just say whatever you want with no validation?  How about this...ust stop looking at it for a few weeks and I’m sure it will be ok.  And if it’s not, then I’m wrong, but at least my opinion is steeped in actual fact and real fundamentals.
 
The Rebuttal to Wolfofwallstre's Post He Told Us He Would Get

And since I can’t help myself, I do need to address the massive lack of wit and knowledge provided to us by Wolfofwallstr...I mean holy f&*$ing s@%t people.  I hardly ever post, but when I see the bashing done so deviously and with so much laziness at the same time, I have to come out of hiding.  It was the KALY pump that gave it away.  KALY, really?  Wtf?  Wolfofwallstr, you have actually said some positive stuff here on the Choom board, and I’m sorry to lose you as a shareholder, but holy cow…at least try a little harder to scare people.   It’s clear to me now that you only made a few positive posts to set people up for this kind of friendly bashing game.  Wolfofwallstr is worried about us guys – he doesn’t want us to piss money away and sell our stock at a loss like he did.  Ok, no problem, we won’t. 

Wow.  Just wow.  Listen Wolfofwallstr…I’m sure we all agree that a company's fundamentals are important for anyone that plans to hold a stock.  However, I completely disagree that Choom's plans are ‘just plans’, and this is because I have done a substantial amount of ‘research’ on this company, research that apparently did not lead you to the same information.  Now, I am not going to leave it at that.  Like "Hey, I researched them, and they are awesome".  Let me tell you why...here’s what you do when you want to make a point…provide actual evidence to support your opinion…and this is just scratching the surface…

Based on Nov 29 financials available to the public, let’s just look at some super simple basics from each company:

CHOOM - Scratching the Fundemental Surface

Prior to Aurora increasing their investment in Choom with a substantial convertible debenture in November 2018, Choom was already sitting on well over $6 mil Canadian in cash and proving to make good use of our money coming out of the last quarter.  They maintained a -10% ROA and still kept the ROE under -20%.  For a start-up with no revenue yet, where investors are betting on future potential, this ain’t too shabby.   Compare this against some of the other pre-revenue start-up small caps (with SPs much higher than Choom right now) and you’ll see it.  And of course, the support from Aurora alone speaks exponential volumes.  Aurora financiers would have been given access to EVERYTHING in their DD process, far more than any retail investor would ever get to see.  And a monster like this has chosen not once, but now TWICE to pour money into Choom.   These are just a few highlights.  Personally, post Canadian legalization, I am only looking at Canadian small caps that have revenue (not Choom, yet) or, those who have big support from larger industry players, as these would be the decision makers to follow.  Aurora’s continued interest in Choom has me sleeping soundly at night, not to mention their sound care of our money.

KALYTERA - Scratching the Fundemental Surface

Now, let’s look at Kalytera (KALY).  I don't know much about this company, but looking at their financials, I really don't need to know much more.  Just like Choom, no revenue yet.  No big deal.  Most start-ups are like that, and because of it, a big gamble.  Choom is, Kaly is, they all are.  And yes, they do have some cash, just over a million bucks Canadian, but this was achieved by diluting their stock waaaaaay more than Choom has.  KALY shares outstanding are around 270 million.  CHOO shares outstanding are almost 100 million less.  Granted, both CHOO and KALY are not that bad for dilution when compared to other penny stocks, but still, KALY is worse.  However, that’s not what scares me.  What scares me about Kalytera’s financials is their ROA being 5% worse than Choom at -15%, and their ROE approaching -200%...no, that’s not a typo.  It is approaching MINUS TWO HUNDRED PERCENT.  They have taken their shareholder equity and literally murdered it.  Their management is so terrible that an EBITDA cannot even be calculated.  While this situation isn’t pretty for 90% of start-ups, at least Choom can actual calculate an EBITDA. And, Kalytera of course has no cornerstone investment, which is not that uncommon.  It's more uncommone for small caps to get big money from major industry playes, which is yet another reason Choom stands out.  Just looking at the SP, Kaly’s 11 month free fall shows zero interest from the mass-market, and their SP, a price that has barely ever made it over .50, is pretty much bounce-less.  Seriously Wolfofwallstr, -200% ROE…and you put your money in KALY?  Are you sure that's the number you were referring to with this "157.4% increase".  I think that had something to do with your recent increase in particiapation in Stockhouse...was hard to decipher what you were trying to tell us.  The way you wrote it, it kind of made it seem as if you wanted readers to think this is how much KALY shares have gone in recent days.  Have you looked at the chart dude?  God help you.  This is a text-book pump and dump and a complete garbage company.   I NEVER bash stocks.  Read my posts.  I never have.  But here, on my beloved Choom board, you dare to come in our living room, knowing that less experienced investors may be reading!  You trumpet your well-read investigative skillset telling them that Kaly is your savior for the money you lost on Choom?  Wolfofwallstr – look at the chart, look at the fundamentals, and get out of KALY before the price goes to .02 cents.  Use the money to buy more Choom in the .40s.  This price is a massive gift and because of all the books I have my read, my knowledge to you is a gift.  Hahahahaaaaaaa.  Sounds ridiculous eh when someone says that back to you? 

Parting Thoughts

Before I forget, sorry about the many typos I probably had.  I go James Joyce on stuff when I'm angry, and I'm a terrible proof reader, but at I can put together complete sentences.  And again, remember, the overwhelming message here...all of this is just my opinion.  Unlike Wolfofwallstr, I base my opinion on reality, but it's still an unverified investment opinion.  Do you own research and learn about he aswesomess of Choom like Aurora did and just hold on.  Unlike the vast majority of other small caps in Canadian MJ, Choom WILL prevail!  The fundementals and the charts say so, not me!  Check it out for yourself.

Sorry for the essay.  Just couldn’t take it.  This is the one board where I’ve always felt we’ve had the least amount of this BS, so I guess I’m just trying to keep it that way.
Bullboard Posts