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StemCell United Limited (SCU) was formerly known as On Q Group Limited (ONQ).

StemCell United focuses on the extraction, culture, reproduction and growth of plant stem cells for medicinal, health and beauty applications in Traditional Chinese Medicine. The business opportunity of StemCell United lies in its existing operation of Resina Daemonoropis extraction and distribution and the subsequent rollout of Dendrobium Officinale extract production using stem cell technology for which StemCell United has a Patent Application.
 
skyQuake said:
$182mil company now. Simply wow...
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I looked at it all day but just couldn't pull the trigger. Everyone was just calling random targets. 10c was just a joke at about 1pm, then it was 20c... and it magically finished at 40c despite touching 20c on that retrace. A 3700% 1 day return at it's high... geez what is everyone smoking?!

The announcement is simply awesome... the King of Cannabis. He shall now be known as the $150m King of Cannabis. What can go wrong.
 
from 1.3c to 50c Intraday and closing on 41c.
and all it took was an initial outlay of $13k that got it into the top 20 gainers.

skc: The word that comes to mind is "ri-bluddy-diculous"
 
pixel said:
The word that comes to mind is "ri-bluddy-diculous"
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Indeed! ...... Pumped on basically a nothing announcement. Anyone buying near the highs today and still holding would have every right to be nervous:sick:
 
pixel said:
from 1.3c to 50c Intraday and closing on 41c.
and all it took was an initial outlay of $13k that got it into the top 20 gainers.

skc: The word that comes to mind is "ri-bluddy-diculous"
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First trade of the day was ~250k shares 3.7c which was already 280% gain from the 1.3c close. There was no liquidity and you can't help but think only an insider would buy with such vigour.

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I was told that this is how some stocks moved during the dot com boom. A simple nothing announcement vaguely related to the internet would put a rocket under a stock like that.
 
My view is that all share price movement is sentiment-inspired volatility. Most days the waves are 3 foot. Some days they are 50 foot. Same rules, bigger consequences.

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skc said:
I was told that this is how some stocks moved during the dot com boom. A simple nothing announcement vaguely related to the internet would put a rocket under a stock like that.
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This is the best pump I've seen in a long time .... no Supply whatsoever. Currently up over another 100% to 90 cents ......... It cant end well surely:confused:


Hit $1.085 ..... The Drug Lords will have to start taking their profits soon lol ...

I wonder what the Capital Raising price will be in a couple of weeks:rolleyes:
 
Illicit drugs are illicit because they work. No one is going to pay for a recreational drug if it doesn't work. Even without a huge amount of scientific data, it's safe to assume that the drug works amazingly well for a host of different conditions. What also needs to be considered is that anything that works will have side effects, sometimes quite serious ones. All pot needs to do is have a more favourable side effect profile than the currently used synthetic medicines, and it will have an enormous impact on medicine. In Colorado, legal pot sales topped 1 billion last year.
 
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A positive SMH writeup this morn seems to be culprit. Nobody has vol to sell, and suddenly a lot more retail get interested.

My sincere condolences to the guy that was bidding 300k @ 3.3c and got jumped!
 
This Nevil Shoenmakers certainly carries some clout in the pot world. He was reportedly teaming up with Auscann (AC8) back in February 2015 ... SP from 0.002 to a high of 83 cents .....No mention of him in the Company reports I have seen since however:rolleyes:

Now he turns up giving his allegiance to another wanna be pot Company purely in an advisory position and it jumps out of its skin. If SCU announces a purchase or takeover of something of value in the next few weeks, there may be some substance to the pump, otherwise its just been another day at the office for the day traders.

The punters who collectively forked out $435,000 + at between 90 cents and $1.085 will be feeling a bit sore and sorry at the moment!
 
from the Auditor of the latest Quarterly:
Material Uncertainty Regarding Continuation as a Going Concern
Without modifying our opinion, we draw attention to Note 9 (Going Concern) in the financial report, which indicates that, as at 31 December 2016, the consolidated entity had cash of $312,574 and an excess of current liabilities over current assets of $123,914.
These conditions, along with other matters as set forth in Note 9 (Going Concern), indicate the existence of a material uncertainty that may cast significant doubt about the consolidated entity’s ability to continue as a going concern and therefore the consolidated entity may be unable to realise its assets and discharge its liabilities in the normal course of business.
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A week and a bit later SCU is hovering around 20cents .. that's higher than I thought it might have been:rolleyes:

ASX finally start asking a few questions after all the punting has finished .... I see the Company actually have "impairment" write downs in the 2016 Annual report of ... over $34 million:eek: ...... I had to look twice cause I thought that must be a typo ....... no typo .... $34 million.

I think selling shark at the local fish markets might be more up their alley!


SCU 24 March 2017.jpg
 
Stemcell United seeing some movement today. It's been a long slide down for SCU from $1.085 to 2.3c over the last 15 months.

This morning they announced that Yunnan Hua Fang Industrial Hemp Limited has been granted an industrial hemp licence in China which permits them to engage in planting, processing and selling of industrial hemp related products (high CBD, low THC cannabis strains). The company says this will give them access high quality cannabis seeds that they can use for stem cell research into manufacturing TCM cosmetic cannabis products.

I get the feeling they are getting ready for a capital raise and needed some good news to generate some excitement. Anyway, the SCU share price is up 60.87% to 3.7c so far today.

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No way I would buy shares in a company that has a name like a soccer club.
Though I am sure the name will change soon as they are now planning on growing hemp.
They were called drug lords earlier in the thread during the pump and dump. Hat seems to fit even better now..
 
As they say in the classics-Mind the gap:). Maybe there is some substance in the move this timeo_O

Not for the faint hearted if you trade this one



SCU July 2018.jpg
 
Could be good. Growing in China you would expect to make some good profits.
A lot of people to pay off though and you saw what happened to James Packer.
Might be a god short term bet (say 9 months), not a long term investment
 
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