Posted:
#1
Guys, I have had many PM's and I can understand the panic and curiousness of what is going on with my current positions of
AZFL and FLSR
I am very much still invested with every share I have singled, doubled, and tripled down on. I am not going anywhere and firmly believe when Press releases and news hit the wire these will bounce off these lows. I am very confident as I told slobasaurus that these will not go to NO BID and bankrupt. Could they? Absolutely! We are in the stinky pinky land of the OTC.
However, I try to do relentless due diligence on these companies and make sure there is not massive debt or dilution going on. Now the update with AZFL is they have increased the outstanding shares by 3 billion. That is NEVER a good thing, but if you read their latest P.R. they have just secured the rights of the lease for a 100 acre farm in Colorado to grow hemp.
In their previous release before this past week's release, they stated they plan on selling all their products by late Oct/Early Nov. I see much revenue growth here and a solid late 2017 early 2018 for the company. I DO NOT see this company dissolving and going bankrupt. I believe the increase of shares will obviously be to help fund the crop for this massive farm they just leased.
FLSR update is that everyone has panicked, beyond belief. Why so? Well, nobody can seem to reach the CEO via twitter, website, facebook, phone, etc. Is this concerning? YES and NO! The CEO can't give insider info or tip off about news. Im sure the CEO has been inundated with tweets, emails, messages that he closed off communication.
The rumor I have been hearing is that the "new direction" that the company tweeted about a few weeks ago is entering the MMJ industry. If that is the case than much paperwork needs to be done before they are established for this new field.
I can only think of that being the reason he cutoff communication to avoid trouble. Shareholders think they can just hammer CEO's with every ? under the sun. The only downside is that its a complete guessing game and many think the CEO just ran with the money, since he has abandoned communication. Is that possible? It sure is, but highly unlikely.
My newest stock I entered this morning is APRU .0008. Its currently at .001 and I have a few positions in it and one of them at .001. I am holding this til around .003. I plan on making back my temp losses in AZFL and FLSR, until those bounce back which I firmly believe they will. So APRU is where my eggs of my basket are in.
Im very much alive with every share still with AZFL and FLSR, but
just wanted to give an update of why I see the prices down to their bottoms right now. I jumped in APRU for a large amount because I love how the new CEO has cleaned up the ticker. He has swallowed up the debt and says no dilution. APRU is talking about REDUCING, rather than increasing shares, like AZFL just did.
I am going to hold AZFL beyond 100% gains if I am fortunate to. I want to make back any temp losses on AZFL and FLSR and I say temp because I am only down on paper and not a LOSS unless I sell. I plan on holding them until they get back to EVEN if not longer til they earn me +100%. So yeah, holding APRU to .003, rather than .002.
Thanks Avenue. This one should be big and help make back the
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