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Plenty more room to run. This stock is a $3 dollar stock, no doubt about it.
Stock is on FIRE!!!
The Loan Agreement is for a seven-year interest-only loan at a rate of 10.5% for the term of the loan. Proceeds of the loan will be used to replace an existing US$30 million term loan that would have been due in June 2021, as well as to fund general corporate purposes and other Company debt obligations. The transaction is expected to close prior to October 30, 2020 and is subject to customary closing conditions.
The Sale-Leaseback Option is structured as a sale-leaseback with a 20-year term and two 10-year extension options. The value of the transaction is expected to be between US$70 million and US$80 million based on the Company meeting certain financial performance thresholds within the two-year option period. The proceeds from the sale would first be used to repay the US$39 million term loan. If agreed upon, both parties can also choose to execute on the sale-leaseback after one year for a minimum transaction value of US$70 million.
EXCELLENT NEWS!!!!!
TORONTO, Oct. 7, 2020 /CNW/ - Flower One Holdings Inc. ("Flower One" or the "Company") (CSE: FONE) (OTCQX: FLOOF) (FSE: F11) today announced that the Company has entered into a term debt loan agreement (the "Loan Agreement") for US$39 million with Subversive Real Estate Acquisition REIT LP ("Subversive REIT"). As part of the Loan Agreement, Flower One granted Subversive REIT a two-year option to pursue a sale-leaseback transaction (the "Sale-Leaseback Option") to purchase Flower One's 455,000 square-foot cannabis cultivation and production facility in North Las Vegas, Nevada for up to US$80 million, and subsequently lease it back to the Company.
Because most companies don't have international operations in underdeveloped countries. Also, they're not a multi-billion dollar organization that can afford to spend millions of dollars on an audit.
As far as you know, business is great. It clearly states in their filings that the delay is due to COVID (mostly government shutdowns per their international operations). You're jumping the gun in my opinion.
Trading halt due to pending news. I'm hoping they get acquired or a larger company is announcing a minority stake.
I'm not investing in the past, I'm investing in the future. Their CBD and coffee verticals look very promising.
Yes! Delayed financials are due to COVID and their operations outside the U.S., it's simply an accounting delay, this company is doing great!
Double bottom, buy it!
I thought they were moved to the pinks.
TMPS did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission rules (Rule 301 of Regulation S-T, 17 C.F.R. Section 232.301 and Section 5.4 of EDGAR Filer Manual). As of July 6, 2020, the common stock and warrants of TMPS were quoted on OTC Link, had nine market makers, and were eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3). The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed companies. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed companies is suspended for the period from 9:30 a.m. EDT on July 9, 2020, through 11:59 p.m. EDT on July 22, 2020.
If you want a response, hire a lawyer. I feel for everyone that lost out on this investment, but pink sheets are not for the faint of heart.
No regulation from the U.S. Securities and Exchange Commission exists for The Pink Sheets as it does for primary trading platforms. Without regulation, a company listed on The Pink Sheets does not need to inform anyone about its state of financial affairs, business initiatives and status of other investments.
It doesn't sound too promising. However, does it matter? The only question I would care to know is if they plan to reinstate TMPS or regain compliance. If you can't invest in the public entity, everything else is moot. Unfortunately, this stock is buried six feet deep, and unless a miracle happens, it's going to stay that way. Welcome to the pennies or the wild west.
This stock is beyond cheap!!! Great value at this level.
Stock is cheap and their guidance is strong. Being brought down by Western Digital.
OTC Markets Group Welcomes Atico Mining Corp to OTCQX
https://finance.yahoo.com/news/otc-markets-group-welcomes-atico-110000550.html
THREE of their Brand Partners are on the most recent August list of the Hottest Cannabis Brands of the Week – with Old Pal #2, Kiva Brands, Inc. #4, and Cookies #18 according to the Pioneer Intelligence benchmarks.
It's on the move! Plenty of room to go.
A reverse merger is an attractive strategic option for managers of private companies to gain public company status.
A successful reverse merger can increase the value of a company's stock and its liquidity.
Flower One is looking strong! Future looks very bright.
This was for work completed on the previous contract before it was successfully disputed by Omega.
It was a pink sheet company; trade at your own risk. I highly doubt an attorney would pursue a class action. The company has no value at this point and it traded on a wild west platform. Pretty common for a pink sheet that hasn't filed financials in 3 or 4 years. Also, Johan Eliasch propped the company up for 2 years while they pursued the A2A refueling contract. Reverse merger is the only hope left.
Dumped a month or so ago and have rarely been on this board to voice my opinion this year. However, since I was an early investor in this company, I feel it's necessary to express my opinion, especially since I believed in this company wholeheartedly. Now most investors can't even trade it because the ticker has been revoked. All this optimism has played out and I feel it is prudent to warn people that this stock isn't just high risk, it's a company that the SEC pulled and isn't even a valid/registered entity. There's been ZERO communication from management, phone isn't even connected, corporate address doesn't exist anymore, etc etc etc.
However, I hope I'm proven wrong, I really do. I hope they're actually bidding on the refueling contract and they win it, but if they can't even spend a minuscule amount of money to register their entity, how are they supposed to stay on top of the bidding process? In fact, I don't even think they're part of the bidding process. The bread crumbs and the evidence illustrates a scenario that does not end well. I mean the ticker doesn't even exist anymore.
I think the only hope for this company is a reverse merger.
Looks like my original message got deleted, not sure why. I liked TMPS when they were aggressively pursuing the refueling contract, I had very high hopes and stuck to my guns for a couple years. But now they can't even spend a couple hundred bucks to make sure the corporate entity is registered? How much more evidence do investors need? The company might as well not even exist and I highly doubt they're pursuing any govcon contract at this point. I think the assets are in the process of being sold. I hate to be Debbie Downer, I really wanted TMPS to succeed.
Buy the dip!!!
Warrants will expire on July 31, 2020.
A billion shares outstanding? What a waste of time. Flower One, folks. (F L O O F).
No, the low was about $0.25 and it's now been holding around $0.35. However, they dumped $100 million into the facility itself and they'll do $90 million EBITDA in the the not so distant future. Patience will be rewarded. They're innovators and have a unique business model with regard to their brand partners. Growth, growth, and more growth is what I see.
A lot of potential here. Good long term hold.
Flower One's June sales grew 144% over May and 78% over April with the re-opening of Las Vegas on June 4th.
The Company's production facility is now delivering more than 100 SKUs to the market, remaining an industry-leader in producing the widest and deepest range of high-market finished product derivatives.
This mining stock should be on everybody's radar. It's going to move a lot higher.
Flower One anticipates, that entering Q3 2020, the Company will reduce its variable operating costs by more than 60% as a result of completed operational efficiencies and a reduced crop management plan through the upcoming quarter.
Commenting on the Company's recent performance, Ken Villazor, Flower One's President and Chief Executive Officer, noted, "After a challenging first two months of Q2 2020, June saw a solid increase in revenue growth, nearly doubling the sales of April and May combined. This followed a very strong Q1, during which revenues nearly equaled our revenues for all of 2019. We are very pleased with our most recent pace of sales and we believe that the many operational adjustments, learnings and improvements we have made through this challenging period will support our continued growth in the Nevada cannabis market."
This article is huge for TMPS. I could see Omega or any other contractor out there acquiring TMPS. TMPS gives an acquirer the advantage to raise capital through convertible debentures and other equity instruments, which allows them to acquire more aircraft.
Unfortunately, I think Johan Eliasch wants to be done with TMPS. I believe and acquisition or merger with Omega or another private contractor is developing. However, it would be awesome if Johan stayed in control.
Based on the article, I also hope someone or a group of parasites aren't trying to pull off a pump and dump.
If there is a buyout and the price exceeds the strike price of the warrants, TMPSW might be worth a shot, although a long shot.
I smell an acquisition or merger.
"The Holders will continue to have until July 31, 2020 to exercise such Warrants"
TMPSW
Something is brewing. New partnership? Merger? Beverage company that wants a piece?
FLOOF mentioned as one of the 7 best marijuana stocks for 2020
https://finance-yahoo-com.cdn.ampproject.org/c/s/finance.yahoo.com/amphtml/news/7-best-marijuana-stocks-buy-195041469.html
https://finance.yahoo.com/news/flower-one-provides-corporate-updates-110000950.html
They're in the early innings, but things are shaping up very nicely.