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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.
No form 4 or insider sales with Mass Megawatts
Stock could become an end of yr gem… once
merger closes (Nov 15 per pr) and then news o
Kroger expansion and possible new big box store
news….
we will see… upon initial Kroger news this stock
went to .018…
Good luck to all
EXCLUSIVE: Better For You Wellness To Acquire Ideation Lab, Jordre Well And Its Signature CBD Coffee Brand
BY Benzinga
— 6:00 AM ET 09/19/2023
Better For You Wellness, Inc. OTCQB: BFYW, an Ohio-based wellness company at the forefront of plant-based and science-driven innovations in the rapidly expanding $1.5 trillion wellness industry has entered into a binding Membership Interest Purchase Agreement (MIPA) with The Ideation Lab TIL LLC and its subsidiaries, Benzinga has exclusively learned.
TIL, an Ohio-domiciled company founded in 2019, has blazed a trail in the wellness
sector across diverse segments, including functional beverages, skincare, personal care and women's mental wellness products as well as through centralized administrative operations, ensuring seamless efficiency in its endeavors.
The transaction, valued at $3 million will be conducted entirely in BFYW stock. Under the deal, TIL shareholders will be issued preferred shares, though they may elect to receive common shares before October 1, 2023.
Key figures in TIL's leadership, including Jacob Ellman and founders Ian James and Stephen Letourneau, holding nearly two-thirds of the company's equity, will opt for preferred shares. This strategic decision aims to minimize shareholder dilution while safeguarding management continuity.
TIL's remarkable journey in centralized administrative operations has particularly
excelled in the functional beverage sector. A crown jewel of TIL, The Jordre Well, and its Stephen James Curated Coffee Collection (SJCCC), a premium coffee brand, have already made significant waves in the market, securing sales channels at Kroger NYSE: KR, Amazon NASDAQ: AMZN, various resorts, retailers and boutiques.
SJCCC's Kroger sales span an impressive range of globally sourced whole bean dark, medium and light roasts, with the Company's K-Cups and Nitro Cold Brew currently undergoing evaluation by multiple national retailers.
TIL's strategic expansion plans include entry into other major grocery chains, retailers, and resorts, poised to amplify its market reach further. Its CBD coffee collection includes whole beans and ground coffee, with planned expansion into individual K-cup pods and canned Nitro Cold Brew.
Letourneau and James have extensive experience in the cannabis and wellness sector, having led the 2015 $28M+ cannabis reform ballot issue in Ohio, which led to the legalization of medical marijuana in the Buckeye state. They also helped lead the Ohio effort to legalize hemp in Ohio after the 2018 Farm Bill left the states the ability to regulate hemp.
Meteoric Sales
Letourneau, the chief brand officer for CBD Cannuka skincare, led its reformulation, repackaging and launch into all doors at Ulta and sales at Macy's, Neiman Marcus, QVC online, and other national retailers, taking the brand from nearly $500,000 in first-year sales to $3 million in year two sales. James and Letourneau are partners in business and life, having married in Toronto, Canada in 2003. They hold controlling interests in Better For You Wellness, which required them to work extensively with the public company's majority independent board of directors.
"I am thrilled to have our brand incubator take this incredible step to join the BFYW family. I am excited to focus our resources on expanding the plant-based product lines and continuing the good work for the community." Letourneau said. "Our brands have a give-back pledge through GIVZ to help direct donations to over 300 causes, including UNICEF, The Trevor Project, and Pelotonia, just to name a few."
James, CEO of BFYW, expressed his enthusiasm about this pivotal acquisition. "I am delighted to announce BFYW's signing of The Ideation Lab's acquisition deal, along with its exceptional subsidiaries and brands, including The Jordre Well and the thriving Stephen James Curated Coffee brand, with its expanding presence at Kroger, retailers, and resorts. This deal results from unwavering commitment from our Independent Board, particularly our Audit Committee Chair, David Deming." James continued, "We see great synergies in functional beverage, mental wellness, snacks, personal care, and pet lifestyle lines in retail and hospitality. We are excited by this acquisition's potential to increase shareholder value and achieve profitability in the near future."
The transaction is to conclude by November 15, 2023. It will be subject to a third-party fairness opinion and require the submission of two years of audited financial statements, ensuring a transparent and robust foundation for this landmark development.
Call me crazy… bought more at .005… at the
initial Krogers store news…. This went as high as
.018…. I’m anticipating more eventual Kroger
news… more ceo buys…. And eventually the
official merger where we become 50% owners
of Stephen James coffee…. People are selling
due to impatience…. We will see
Good luck to all
I could write the same post that I wrote on 8-1….
at .006.. looks even more tempting…. But does
one believe…
- merger
- 50 to 100 ownership in a coffee co. in Kroger
- likely more announcements of Kroger expansion
- very low float
if a big social media tout got hold of this, this
could get to .02 or higher easily
Good luck to all
oh, i see... this is why I value you and your DD.
Also, this is off topic, but I wanted your opinion on this new EV company that had an IPO today. They merged with Black Spade which was a SPAC.
VinFast (VFS), their market cap is ~60B, which is obscene when compared to the Big Three automakers.
They already filed….
filed for the 5-31-23 report….next report is for
8-31-23…. Which is due Oct 15… unless it’s the
4th qtr
interesting that someone dumped 400k shares
at .0079…. Or interesting that someone or group
wanted 400k shares
Good luck to all
Let's see if they actually post an earnings report...
I guess it’s a matter of believing and having
patience….
- what happens when Stephen James coffee
merger is completed
- what happens when they announce the coffee
in more Kroger stores
- what happens when they announce the coffee
expanding into other big box stores
if you believe in the above, you should be setting
up limit buys below a penny & have a little
patience
Good luck to all
Or, after the merger….
The Nasdaq company (Jva) will still own 49% of
jordre well (Stephen James coffee) and bfyw will
own 51%….
Good luck to all
Doing some bfyw DD this weekend and finding
some interesting stuff, from what I have gathered
- ideation lab, a company founded by Ian James
- the jorde well, a co. founded by Ian James
- bfyw, ceo Ian James…..
it’s a bit confusing…. But it appears that the
ideation lab/ jordre well partnered with a nasdaq
company…. Jva back in roughly 2020 … Jva was
around 3 bucks a share back then.
Jva Now appears to be merging with a bigger
entity… and selling off old assets…
and now Jva is selling ideation lab/jordre well
back to Ian James…. (Bfyw)
so, likely & without a doubt… bfyw merger with
ideation lab/jordre well IS HAPPENING… since
it’s the same entity….
anyways… I’m rambling…. It’s a bit confusing
and I’ll try to give a better bullet point summary
post later on
Good luck to all
Nice end of day slapping… ask was at .015 eom
Nothing like putting a cap on the PPS. Meanwhile the "foregone" salaries ended up with a real bonus!
Long but neutral for now until real progress is made... or not.
All I know…. Is
regardless whether bfyw is a good buy or not…
(Fwiw, I obviously think it’s a good buy)
if some big tout on social media (twitter, etc),
started touting bfyw, saying:
- big merger coming… product in krogers
- see today’s pr….
- low float, thin as rails
- see all the insider buys
Otc traders would be like wow & bfyw would
rocket…. otc traders need touts to
tell them what to buy….
Good luck to all
Puts the float around 112 million, if I’m reading it right.
So basically, they issued stock to themselves to compensate for foregoing their salaries but the pps needs to get to .037 cents before they can cash in…
Hmmmm
Looks like using monopoly money to pay off insider loans. When those restricted shares come off,,, what then? DILUTION.
Great pr just issued …. Attached
https://www.newsfilecorp.com/release/173949
I'm in. Looking forward to some info.
I’m starting to think this has potential for a
nice run… completely quiet…no one talking about
it….. ceo quietly buying over a million shares in
past many months…. Many unfinished mergers…
typical otc traders give up & dump & move on…
so, what happens if & when these mergers are
actually completed…. much potential here!
Good luck to all
Speaking of which, another stock purchase by the
CEO …. Another form 4…. You would think he is
aware he is finally going to get a merger done…
Good luck to all
This is yet another otc stock where all we need
is for the ceo to not screw it up… just finalize
some of these mergers…. and we have a chance
especially with all his insider buys….you would
think he knows something is coming…. We will
see
Good luck to all
Whoa… crazy volume. Looks like MMs flush price down to scoop up LIMIT orders and buyers came in…
Do some actual dd… a ton of form 4’s over the
past many months
Good luck to all
He buys $500 worth of stock what joke
Buying under .01 while it’s quiet… official
merger news should be coming soon… plus nice
to see all that buying of shares by ceo
Good luck to all
As of 3pm all the volume is buy volume except 18,500 sell volume. With all this volume lately is something up?
long gone from this one
The strange thing is that they are "Delinquent SEC Reporting".
What are the requirements to becoming OTCQB - paying a fee?
Thanks for letting us know that Ian is still alive, and at least thinking about what he needs to do with $BFYW.
2023 New Year's Resolutions:
— Ian James (@ianajames) January 3, 2023
1. File Q3 10-Q
2. Close LOIs
3. Secure a CFO
4. File Form S-1
5. Complete Personal Care products re-formulation
6. Develop Functional Beverage
7. Develop Natural Supplements
8. Develop Pet Wellness
9. Buy More $BFYW Shares
10. Keep Working to Up-list pic.twitter.com/0LEtnLMsUc
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