United Treatment Centers, Inc. (UTRM) Releases “Official” Website, Stock Tanks

On 4/20, United Treatment Centers released their website, potnetwork.tv. The site received copious amounts of optimism and positive feedback on forums and message boards, but on 4/21 the market felt differently.

After a strong open at $0.0116 per share, the stock saw over a 10% drop in the first 20 minutes of the day. Things didn’t get much better for shareholders, UTRM saw a slow, steady and painful drop through the remainder of market  hours, with the price per share closing at $0.0062 (a one month low). See UTRM charts

This has been a rough month for UTRM, who started the month with a jump to $0.0144 per share. The stock has been a roller-coaster ride of disappointment over the last 30 for long-term shareholders, day traders on the other hand have seen spikes of 10-20% almost every other day.

As for my take on the website? Though the URL change to potnetwork.tv was a nice, delicate touch, I was disappointed. More gradual change should have probably been expected following the delay of the first official launch date, but the announcements of the Hollywood producers and the claim that “PotNetwork is designed to be the CNN of the marijuana industry.” –PotNetwork/About  definitely had myself, and most likely many others, overly optimistic. The official release seemed to be nothing more than the beta-version of the website with the addition of a link to “Insure your MJ business today” (and the reduction of advertisements). As of right now (7pm EST on 4/21) there are three stories available, that I find to be too satirical (SNL-like) for a site branding itself as “Your source for marijuana news.”

Can these issues be easily fixed? Yes.

Can the stock turn around tomorrow? Yes.

The issue lies within how much trust UTRM has lost from the investors. There is a huge upside, that will come at a discount tomorrow, for those willing to trust in the company. United Treatment Centers, Inc. will remain on my watchlist, but I’m not sure if, or when, I’ll play it again.

For my take on UTRM prior to the 4/20 release, click here. “I have never been a fan of an unfinished product being released, and I feel this way in regard to potnetwork420.com.” – Excerpt from the pre-4/20 post

Best regards,

Rosenberg (OTC Daily)

Feel free to contact me at otcdaily@gmail.com

This entry was posted in marijuana, stock market and tagged , , , , , , , , , , , , , , . Bookmark the permalink.

5 Responses to United Treatment Centers, Inc. (UTRM) Releases “Official” Website, Stock Tanks


  2. switches says:

    Your current details also hints self-same versatile to me.
    Many thanks really greatly beforehand. Your intelligence for this topic is a plus,
    I’m happy with the intention of this is get hold of. Thanks once again!

  3. Pingback: Gold Coast Mining Corporation (GDSM) Provides Updates on MJ-Xchange, Trademark Application and More | HEREITFIRST STOCK MARKET MILLIONAIRES

  4. Pingback: Gold Coast Mining Corp. (GDSM) Set to Launch MJ-Xchange | HEREITFIRST STOCK MARKET MILLIONAIRES

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s