RE:RE:RE:Sid123: I believe you said that you used to carry NU productpinkpanther2021 wrote: Thank you EdCando. Your descriptiong does not inspire much confidence in management (CEO), in fact the opposite. I guess they either deliver on Japan (and US) or keep diluting the share count into oblivion. Clearly high risk, high reward. The news over the last half a year is very promising and optimistic, but I checked older news and it was also quite promising and optimistic ... ultimately with lack of successful execution.
Anyway, buying 100k or 200k shares at this price seems like an acceptable 'gamble' to me. There are fewer and fewer penny stocks I can find to bother with for the (very) speculative side of the portfolio (e.g. NUR.v or MRS.v had amazing runs already, not to mention lots of 'green' stocks such as GRN.t).
With Biden throwing even more federal money around to fuel the stock market mania and cannabis friendly policy all is possible. NU could get on fire if they actually deliver on Japan and the US and have reasonable profit margins and get better US stock exposure. Lots of IFs though.
Let me give you an unbiased view of Ed and NU the company, along with the CEO - Glen.
First of all, you should know that Ed has 2 million shares, so there is plenty of incentive to "pump" this stock, and he's done that quite a bit over time. He has numerous posts saying the share price will be a $1 with a billion dollar market cap. (Check his post history). Pumpers like Ed are dangerous because people love to see penny stocks with a share price this low and think "Oh wow, imagine if it reached a dollar?"
Ed is the admin of the Facebook group and anytime there is an NR, he spams a bunch of groups on Facebook with the latest news release trying to get people to buy shares.
Do not take his opinion on this company, as it is a very biased view.
You should also know that he won't respond to this post because he ignored me. I challenged him numerous times because I saw right through his predictions as someone who was clearly trying so hard to pump.
I am a former shareholder, who is extremely happy that I moved on. I've made plenty of money elsewhere.
You have a good initial impression of the company and the CEO. I never had any confidence in Glen.
He has never delivered on anything, and has numerous forward looking, misleading quotes on various interviews and news releases.
Example, in an interview on Youtube around March of 2020, he claimed that the company would be cash flow positive in 2020. As you suggested they are diluting shareholders with numerous private placements since that claim.
When they announced the Japan deal, which by the way is almost a year into the deal, the company claimed that it would sell product to 46,000k locations in October.
Never happened. All summer shareholders where wondering what was happening and come October out of nowhere they introduced a "trade" show, and then a 2nd one. Completing ignoring the fact that they were supposed to be selling in October.
In November Glen had another interview where he claimed they would be receiving lots of orders shortly. Never happened.
In December all of a sudden they "suddenly" brought up a "license" that they were waiting for, which by the way was never brought up at all through this process.
Finally in January they got a "multi million dollar" purchase order.
That was almost 2 months ago. What happened to it? Who knows, there is only silence as usual.
That's Japan. Then there are claims of product selling in US with deals with various states like California, Washington and Oaklahoma. NU Shareholders have been waiting since 2019 for the product to be selling in California.
Are they selling? Again who knows. Their fins show basically no revenue. So all this potential has yielded no revenue, plus massive debt, and a PP basically 3-4 times a year.
You can try to point this out to Ed, or other shareholders but instead of acknowledging any of this, they merely turtle and cowardly blocked me.
It's basically March and once again there is nothing of any signifance to show for all these "supposed" deals.
Ed is just trying to pull a fast one on you like he does with so many people. He is a coward and will disagree with anyone who has bad things to say about the company.
The share price today is basically 2 pennies above what it was in summer last year.