If you really think that buying marijuana stocks is “like getting an opportunity to buy alcohol after Prohibition just ended,” then maybe you’re willing to fall in love with Chuma Holdings, Inc. (CHUM). Having changed names and ticker symbols more times than a woman changes clothes before a big date, CHUM stock is on its second higher than usual volume session thanks much in part to the Mike Norman Report. If after looking closer at how many times the business model has changed 7 years, you’ll be more likely to find it as the most confusing marijuana stock in town, not the most investor friendly one.
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CHUM Stock Quote
|Current 11:30AM ET||1.10||Change (% Chg)||+0.09 (+8.82%)|
|14-Day Rel Strength||56.52%||Market Cap||$60.14M|
|52Wk High||6.99||52Wk Low||0.65|
If you read the report put out by Mike Norman, you will think, somehow, he’s traveled to the future when coming up with his “buy up to $4.75” prediction on CHUM stock. “Savvy investors are expecting a tidal wave on the next rush in 2915.” 2915? That’s 900 years from now! “This is your chance to beat the herd and get in early on the one stock we expect to be the Marlboro of Marijuana – and your new best friend- CHUM.”
Historically, Chuma Holdings Inc. was incorporated in the State of Nevada on February 14, 2006 under the name XTOL Energy Inc. On October 11, 2007, the Company changed its name to LAUD Resources Inc. On June 23, 2008, the Company changed its name from LAUD Resources Inc. to MASS Petroleum Inc. On March 6, 2014, the Company changed its name from MASS Petroleum Inc. to Dyna Nutra, Inc. On April 7, 2014, the Company changed its name from Dyna Nutra, Inc. to Cannamed Corporation. On August 29, 2014, the Company changed its name from Cannamed Corporation to Chuma Holdings Inc.
The name change from Cannamed Corp. to Chuma Holdings was a virtual requirement after the scandal that broke out. So, from being focused on the acquisition and exploration of oil and gas properties located in the United States until the sale of its sole oil and gas property on May 30, 2014, Chuma Holdings is gonna make it happen this time around by offering the legal cannabis industry services such as compliance consulting, security services, bookkeeping and financial services. This is the concept Jordan Shapiro, CEO of the Company, has in mind.
What is out there on Chuma Holdings is this:
- generated $33,500 in revenue during the nine month period ended August 31, 2014;
- on September 25, 2014, the Company received share subscription proceeds of $100,000 for 200,000 shares of common stock at $0.50 per share;
- Paul Shivey, CFO, owns 1,790,000 shares of CHUM stock;
- Jordan Shapiro owns 27,356,892 shares;
- Kevin Wright, President, owns 2,700,000; and
- The Mike Norman Report to aggrandize CHUM got $25,000
Buy CHUM stock all the way up to $4.75? Talk about an ironic use of the “Shark Tank” quote on the first fold of the long winded pump – chumming the waters for dumb money.
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About CHUM Stock
Chuma Holdings Inc., , through its wholly-owned subsidiaries 1849 and Cal-West, is a development stage company focused on providing financing and turnkey support solutions to lawfully operating participants in the United States’ legal cannabis industry.
Issued and Outstanding: 54,675,864
Last 5 Trading Sessions:
A year ago, CHUM would have hit the nail on the head with their claims to be the most investor friendly marijuana stock out there. Now that penny stocks have gone from every industry imaginable, switched over to marijuana, and either been dumped down to a sub penny or failed to reach the goals they promised in their PR issuances, CHUM is gonna have a hard time seeing $2. Perhaps remnants of the operation Sandy Winick and Gregory Curry ran in Thailand are still around – that could CHUM up some dumb money.
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