MYM Nutraceuticals Inc MYMMF

On the rise

[Jshaw9]

Dont look now but MYM has been on a nice little trend and now just hit $0.16

[RockMaschine]

0.17 and a half million volume surge. Someone on the bid. Only a matter of time before MYM breaks from the heard. Profitable companies in this day and age are slim.

[Jshaw9]

$0.19 now! Isn't this exciting This kind of spike is usually indicative of some kind of news about to come.  I'm hoping it's not just a manipulated run.

[Mtlong]

It's about time that people realize that the profitable weed companies trading at 15 cents doesn't exist...... And Imo this should be back over a dollar.... Hopefully something good is coming...

[Jshaw9]

And it's not extremely diluted either.  With them having revenue and some profits, there isn't much need for a bunch of private placements or reasons to issue millions of shares for a few bucks 

[GajjarDr]

Agreed. However, it is absolutely a sparse situation when a company run to $5 dollars then plummet back to these cent prices. My investment advisor also rates this stock to be above $1. Take SONA for instance went to $16 dollars with covid mounting uncountable fears worldwide. D.Y.K ? Fear & sadness accounts for far more diseases than attributes such as diet & exercise.

[biketrader98]

We all know why it's trading here...a lot of early shares at low prices were issued in exchange for debt.  Those folks need to get paid.  Once they have cleared out their positions we will see rapid price acceleration IMO.  Meanwhile accumulating here is smart money. 

[RockMaschine]

I'm curious to see how many of his tens of millions in warrants CEO Mike Weiner may excercise. Over the past year there were several issues from 0.12 down. I think there is a bit of overhang with warrants forced on vwap over .20 so that needs to be kept in mind. Last fins had the cash relatively low and then the announcement the loan terms were increased. Its likely the full $5 million has

[biketrader98]

Great post!  I would be hopeful that the CEO wouldn't exercise any given his income from the loans he put up.  How do we check insider activity?

[Jshaw9]

Well said!  It ran to $5 back when the initial marijuana bubble was insane and all companies were overvalued at that time because of either promises, potential, or deals in the works.  A lot fell through for MYM then and they are on a much different, but sustainable course here. don't forget even bigger companies like Aurora went from $15 down to below $2, closed down a facility