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Filings: Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
Link: https://www.otcmarkets.com/filing/html?id=17086322&guid=p7J-kFOezEj4B3h
On November 24, 2023, Better For You Wellness, Inc. (“BFYW” or the “Company”) received a notice from OTC Markets (“OTC”) that the Company is not in compliance with OTCQB’s Listing Rule Section 1.13, as the minimum bid price of BFYW’s common stock has been below $0.01 per share for 30 consecutive business days, and accordingly, the Company would be moved from the OTCQB market to Pink before the next market open. OTC Markets further notified the Company that if would like to be moved back to OTCQB, it must maintain bid price closes at or above $.01 for 30 days, and meet all of the eligibility requirements listed under Section 1.1 of the OTCQB Standards.
Portions of this report may constitute "forward-looking statements" as defined by federal law. Although the Company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Litigation Reform Act of 1995. Additional information about issues that could lead to material changes in the Company's performance is contained in the Company's filings with the Securities and Exchange Commission.
PPS held up nicely today. I have noticed someone tries to close this one everyday at the bid. Day before yesterday they dpent $23 to close it at the bid
Hopefully positive news finally
yep not sure why
BFYW holding on…
Looking good EOD, BFYW
Getting real interesting here. Thin back to pennies
You have done a great job here with this one. I have been watching it for several months and reading your post. I was watching the action and when it started to show signs of coming to life I figured I best jump in before it leaves me behind. IMO it is just starting. Plenty of upside here.
Nice to see all the attention suddenly with bfyw…
for many months I was the only one pounding the
table on this one here and on X…..
Good luck to all
BFYW: Everything is SOARING today!! GEEEEEEZUS J. KRISTOOOOO!!!
Nice. Maybe somebody know something. Way overdue.
Yeah I took a starter today in BFYW as well.
Well, I’d like to catch quite a bit more bottom if you don’t mind.. nothing to see here.. move along..
Good to see you here. Looks like we caught the bottom. Lots of upside here IMO.
Great work here PC. I followed you in and am grateful for it! 💪🏻
Awesome. I added a few more at 0028 today.
& now .0039 & .”04’s being slapped….but no
one posting or tweeting about it
Good luck to all
Thanks for the info. OTC has been pretty stale until lately. Lot going on in this world. At least we know it is still in the works and could be very close.. Market picking up lately and as we know in the OTC its all about timing. Hoping the timing is right here. Must be a pretty good merger if they are taking that long with it. I have seen many of them that a long time. Seems like most of them take longer than the company planned. All of the recent PR's and Form 4's look pretty incouraging to me.
It’s like so many other otc stocks…..
just simply waiting for a seemingly legit but a bit
incompetent otc ceo to get the job done…. The
merger that he has promised since Oct of 2022
the latest promise date was 11/15…. no word yet
this stock is so thin that if merger was ACTUALLY
announced along with Kroger expansion or big
box store expansion…. Stock would explode
upward…..
Good luck to all
This one looks pretty good the more DD I do on it. Been accumalating it here around .0028. I will add the dips. Company seems to be making the right moves to get the PPS up. Just needs more eyes on it. I am no rush so I will just continue to add.
Insider buying in from March 2023 to June 2023 was constant. Some in July too. Then stopped.
Maybe they are in a blackout period pending news, maybe not.
Time will tell...
click on link, scroll down, "see more"
https://www.otcmarkets.com/stock/BFYW/disclosure
Here ya go!
I was really happy when Watson reupped as a BOD...
They guy is very successful. I hope BFYW takes off one day with big news that he helped to orchestrate
All the best, BB!
https://www.otcmarkets.com/filing/html?id=16975294&guid=5GJ-kePL-zjtdth
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain officers; Compensatory Arrangements of Certain Officers.
On October 1, 2023, Joseph James Watson was re-appointed by our Board of Directors to serve as Independent Director of the Company.
The Board evaluated Joseph James Watson’s independence in accordance with the independence standards for directors set forth in Rule 5602(a)(2) of the Nasdaq Listing Rules, and affirmatively determined that each individual qualifies as an independent director.
With effective date of October 1, 2023, depending upon the individual, we entered into Independent Director Agreements (each, an “Independent Director Agreement” and, collectively, the “Independent Director Agreements”) with Joseph J. Watson, pursuant to which each director will serve two-year terms, with the option to renew terms upon completion and receive cash compensation in the amount of $1,000 per quarter, paid in equal distributions quarterly, 200,000 shares of common stock issued quarterly in 25,000 share distributions.
The foregoing summary is qualified in its entirety by the full text of the Independent Director Agreements, which are filed herewith as Exhibits 10.1, 10.2, and 10.3 to this Current Report on Form 8-K (this “Report”) and are incorporated by reference herein.
Following the above actions, our Board of Directors remains comprised of the following individuals: David H. Deming, Ian James, Christina Jefferson, Stephen, Letourneau, Joseph James Watson, and Montel Williams.
The biographical information of Joseph James Watson is below:
Joseph James Watson
Mr. Watson, age 58, received a B.S. in Communications System Management from Ohio University in 1992, and received a Master's in Business Administration from Ohio University in 1999. Mr. Watson served in the United States Army from 1985 to 1987 and is also a National Guard veteran.
Since 2011, Joe Watson has served as President and Chief Executive Officer of Petland, Inc., a global pet products retailer with stores in eight countries. Mr. Watson began at Petland as Vice President of Operations in November 2005 and then served as Chief Operating Officer prior to becoming CEO. Since July 2015, Mr. Watson was appointed by Ohio Gov. John Kasich, and confirmed by the Ohio Senate as a member of the Board of Trustees of Shawnee State University. Since January 2020, Mr. Watson has served as the Chairman of the Board of Trustees of Adena Health System, a medical services provider with four hospitals and six regional clinics in Ohio.
No family relationships exist between Mr. Watson and any of the Company’s directors or executive officers. There is no arrangement or understanding between Mr. Watson and any other person pursuant to which Mr. Watson was appointed as one of the Company’s directors and there are no related party transactions involving Mr. Watson that are reportable under Item 404(a) of Regulation S-K.
Could you elaborate on….
This…
“They guy is very successful. I hope BFYW takes off one day with big news that he helped to orchestrate“
Thanks in advance
Yea maybe so you too
I was really happy when Watson reupped as a BOD...
They guy is very successful. I hope BFYW takes off one day with big news that he helped to orchestrate
All the best, BB!
https://www.otcmarkets.com/filing/html?id=16975294&guid=5GJ-kePL-zjtdth
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain officers; Compensatory Arrangements of Certain Officers.
On October 1, 2023, Joseph James Watson was re-appointed by our Board of Directors to serve as Independent Director of the Company.
The Board evaluated Joseph James Watson’s independence in accordance with the independence standards for directors set forth in Rule 5602(a)(2) of the Nasdaq Listing Rules, and affirmatively determined that each individual qualifies as an independent director.
With effective date of October 1, 2023, depending upon the individual, we entered into Independent Director Agreements (each, an “Independent Director Agreement” and, collectively, the “Independent Director Agreements”) with Joseph J. Watson, pursuant to which each director will serve two-year terms, with the option to renew terms upon completion and receive cash compensation in the amount of $1,000 per quarter, paid in equal distributions quarterly, 200,000 shares of common stock issued quarterly in 25,000 share distributions.
The foregoing summary is qualified in its entirety by the full text of the Independent Director Agreements, which are filed herewith as Exhibits 10.1, 10.2, and 10.3 to this Current Report on Form 8-K (this “Report”) and are incorporated by reference herein.
Following the above actions, our Board of Directors remains comprised of the following individuals: David H. Deming, Ian James, Christina Jefferson, Stephen, Letourneau, Joseph James Watson, and Montel Williams.
The biographical information of Joseph James Watson is below:
Joseph James Watson
Mr. Watson, age 58, received a B.S. in Communications System Management from Ohio University in 1992, and received a Master's in Business Administration from Ohio University in 1999. Mr. Watson served in the United States Army from 1985 to 1987 and is also a National Guard veteran.
Since 2011, Joe Watson has served as President and Chief Executive Officer of Petland, Inc., a global pet products retailer with stores in eight countries. Mr. Watson began at Petland as Vice President of Operations in November 2005 and then served as Chief Operating Officer prior to becoming CEO. Since July 2015, Mr. Watson was appointed by Ohio Gov. John Kasich, and confirmed by the Ohio Senate as a member of the Board of Trustees of Shawnee State University. Since January 2020, Mr. Watson has served as the Chairman of the Board of Trustees of Adena Health System, a medical services provider with four hospitals and six regional clinics in Ohio.
No family relationships exist between Mr. Watson and any of the Company’s directors or executive officers. There is no arrangement or understanding between Mr. Watson and any other person pursuant to which Mr. Watson was appointed as one of the Company’s directors and there are no related party transactions involving Mr. Watson that are reportable under Item 404(a) of Regulation S-K.
ask reloading
every time it moves
watch out
looks like BFYW pps
crashes after every news release
I wonder why?
is it because BFYW
is nothing more than a
share selling scheme?
do you really want us
to believe you think
its the retail
selling 200 shares?
sure, lol
You too lost track took loss awhile ago
That’s from weeks ago…. I think what’s
driving this is some big touts on social media are
realizing how thin this is….. and followers are
buying in…..
Good luck to all
Seems like news coming...
Can't believe just this news is driving the volume suddenly...
"using all preferred shares & no common shs"
https://www.otcmarkets.com/stock/BFYW/news/Better-For-You-Wellness-To-Issue-Series-A-Preferred-Shares-For-The-Ideation-Lab?id=417082
Hey BB, Happy Thanksgiving the day after!
Any idea what might be driving this?
I got in last year at .14 :(
Got a long way to go ...
Finally a good day here with $bfyw… some DD…
any body curious as to why $bfyw is up 50% +
today…. A quick summary dd bullet point post:
- stock went as high as .018 at initial Kroger news
- of course, merger not done yet and peeps waiting for a merger close in the otc, like any other otc stock, created a sell off…
- very small volume days, with many literal $2
dollar trades , sent this spiraling WAY down to a
low of .0014
- news of merger closing by 11/15 and news of
further big box store expansion of the coffee line
has created hope.
- per otc markets, zero dilution in about 9 mths
-per level 2, stock crazy thin
- hopes of what is mentioned above and peep’s finally noticing how thin it is, has FINALLY created
a nice up day today to .0033 (up 50% in 1 day on
only 1.7 m volume)
- where does it go from here…. !?!?!?
Good luck to all
I’m convinced shorts are in control here but for
how much longer…. 2 days ago a 500 share sell
at .002 (1 dollar ????)…. Today a 200 share
sell at .0016…. This has been going on 4 weeks
I’m curious what a short squeeze will look like
when big box stores are announced or Kroger
expansion
Good Luck to all
I am trying 2 learn more patience in bidding, so I am going 2 wait and see.
News: Merger takes another step…
using all preferred shares & no common shs
https://www.otcmarkets.com/stock/BFYW/news/Better-For-You-Wellness-To-Issue-Series-A-Preferred-Shares-For-The-Ideation-Lab?id=417082
Fwiw… share structure just updated and….
NO CHANGES….
Still only 142 million unrestricted shares
https://www.otcmarkets.com/stock/BFYW/security
Good luck to all
And I should add….
only 120 bucks on the ask at .0034
and 400 bucks on the ask at .0037…
CRAZY THIN…. imagine some big tout on
Twitter gets ahold of bfyw… not that bfyw couldn’t
go higher on its own merits…. But the whales
talking this one up would be easier
Good luck to all
Bid ask went from ….
Yesterday it was .0017 x .0022… and only a few
million shares later… we are now at .0032 x
.0034…. An almost 100 percent rise in the bid
and a 50% rise on the ask…. Yet no one wants
to talk about bfyw… it’s like pulling teeth on
Twitter…. Folks…. These are the stocks that one
WANTS to be in…. And catalysts coming.. if
we can finally trust ceo… merger complete by
11/15…
Good luck to all
Ps: I’m not implying ceo is some shady character
that can’t be trusted… he just made the usual
mistake all otc ceos make and that is giving
promise dates that come & go…
Great info you have on the board, thanks for the info.
Goodness, I had 2 put a GTC bid in @ trips but this looks angry.
very possible but surprising…. The outstanding is
only 419 million with unrestricted of 142 million…
very low for a .002 stock… ridiculously low if it
became trips… and still plenty of catalysts coming
I think the merger date is 11-15… might be quiet
til then…. But I’m anticipating big box store news
soon enough … it’s quiet now….
Good luck to all
Think this might hit trips before it rips.
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