Cann American Corp (CNNA)

[paullina5555]

We need the form 10 and audited financials for this to make the big moves.

[LCJR]

Slap the ask, no more cheapies.

LCJR

[ysung]

Geez man

You want cheapies too LOL ???

[cityimport]

8-k is blank ... SMH

[LCJR]

They are having issues with the formatting, it seems. Notice that the last 8k won't open. The filings will hit after they get the issue fixed. No concerns here.


LCJR

[paullina5555]

Where are the filings? This is very concerning.

[knrorrel]

sounds very nice

[Roily23]

I guess I don't get your point and the time is irrelevant . The 8K has never shown up at the only place one should look for it and I prefer to download and read the full doc, seems like investor 101 to me.

[duelittle2]

What Is eXtensible Business Reporting Language (XBRL)?

XBRL (eXtensible Business Reporting Language) is the open international standard 1 for digital business reporting. XBRL is used to deliver human-readable financial statements in a machine-readable, structured data format. Preparers using GAAP for publicly traded companies are required not only to create financial statements, but also to assign an XBRL tag to every number, table, accounting policy, statement, and note.

Prior to 2009, such quarterly and annual financial statements were only required to be filed with the Securities and Exchange Commission (SEC) using Hyper Text Markup Language (HTML), an unstructured format. Starting in 2009, the same financial statements were also required to be filed in a more structured machine-readable format, using XBRL, so that machines could more readily process what humans read in the HTML document. The XBRL filing allows thousands of pieces of information in financial statements to be digitally available for electronic consumption. In 2021, only an Inline XBRL format, which embeds the XBRL data directly in the HTML document, is required.

XBRL tags can be found in the GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”). The GAAP Taxonomy is a list of computer-readable tags in XBRL format available for preparers to assign to their financial statements. It is essentially a dictionary of financial statement terms for GAAP requirements and common reporting practices as provided in the FASB Accounting Standards Codification ® (Codification).
https://www.fasb.org/page/PageContent?pageId=/staticpages/what-is-xbrl.html&isstaticpage=true

Strange error over at SEC xblr system. Here is the text of today's $CNNA 8k. pic.twitter.com/fccSvSwOte

— CNNA (@CNNA_OTC) June 1, 2023

SEC LINK:

https://www.sec.gov/structureddata/osd-inline-xbrl.html

[ysung]

Really MR.ODD, it’s freaking 6:40 am !!!!

[Roily23]

Still no 8K? Why is the full 8K not available, seems very odd.

[DD_dempsey]

$CNNA -REFRESHER DD POST- #1

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172010163

[BIOCHEMUP]

Feels like CNNA is on the route to +$0.10!

[DD_dempsey]

FOLLOW UP DD-$CNNA-Stem cell offering Growing…

One can see the evolution in REAL time of the Prodigy Stem Cell Business (Peter Caruso) and its product offerings in and around the NY metro area.

With the expansion to Florida all but done by LOI- one could presume we will eventually hear about what that expansion will entail and its impact to recurring revenue generation here.



Clearly they are getting the therapy product out through various doctors offices and I look forward to the updates on the new Prodigy Health website too (Michael Kramer)

[cashmagnet]

The video doesn't load when I click the GO arrow; Is there a link for it?

[knrorrel]

https://t.me/CNNAStock

[NiteShift]

Check this out in the first 10 minutes where he talks very positive about CNNA...IMO

[Urocka]

AMAZING DAY EVERYBODY WHO IS STILL IN!!
I have a few stats for You Guys!

We Are the #2 Most Posted and #3 Most Read Boards out of All Stocks!! TODAY
We Are #9 Most Share Volume in the Entire OTC Pink Market TODAY
We Are #21 Most Trades in the Entire OTC Pink Market TODAY

THE COMPANY RETIRED 66,825,000 SHARES TODAY!

GREAT NUMBERS....... LET'S ROCK......MUSIC IS GETTING LOUDER AND LOUDER!!!

[tabbycat]

Big momma definitely gets her big bounces and new bikini that’s for sure lol

[tabbycat]

Love the post DD_dempsey

[tabbycat]

Great post trademax42

[tabbycat]

Agreed

[dinogreeves]

Yes, it is enough. In God, Guts, and Glory We Trust. In Pursuit of Happiness.

[Aladdin Sane]

Once audited financials post, and company is pink current, with only 334M OS and massive revenue streams, this thing will be well into silver land. IMO.

[trademax42]

The share cancellation part (67 million) was breathtaking. It shows the company is serious in increasing shareholders value. This is an exceptional move in the midst of so many shares bloated companies in the OTC world.

The company followed through its tweet, they alluded to share reduction possibility in one of their tweets. Here it is:

"We've received emails regarding $CNNA debt notes. Giving some credit to interim CEO Alex Leo who began renegotiating those in Dec. and keeping with where he started, we are actively working on a restructuring. No desire to allow so many shares into the market from old operations."
10:04 AM · May 30, 2023

The final invoice for the audit has been received. It means the audit work has been completed and the final invoice was sent to the Company.

Here is the tweet:

"We just received final invoice for the $CNNA audit yesterday. That process is very close to completion and we're anticipating we'll be able to upload financials this week."

Amazing communications with shareholders and the transparency at it best.

Thank you DD_dempsey and PB for doing the dd heavy lifting on this board.

[NiteShift]

I agree but it's out of our control right?

[LCJR]

Please, no gaps. We have enough chartist that swear all gaps must fill. LOL

LCJR

[cashmagnet]

I know!!

I've had the biggest chubby since .002....

My wife won't even let me leave the bedroom

C

[NiteShift]

With audited Financials & other filings expected any minute/hour tomorrow, I think this will set off a YUGE FOMO tomorrow.

I wouldn't be surprised if we gap up on the opening bell.

All the above in my honest opinion!!

$$$$CNNA

GLTA

[Golden Cross]

Duh!

[JMoneyHoops]

I think most of you don’t know how a FORM 10 works best you look into it so you won’t be blindsided that being said I like the potential here and will likely be adding in the buy zone

[Peter Penny]

Gapper tomorrow! Reviewed below-

[Mac-A-Million]

Honestly.....people selling at this Level are mad and inexperienced.....that's Ok....more shares for uuuuusssss........$$$$$$$$!

[DD_dempsey]

With $CNNA…IT THEY BUILD IT, WE WILL COME.

As with many intriguing gems in the OTC- it takes REAL COMPANIES working in REAL TIME step by step… to produce REAL results.

Those take TIME. Nothing is perfect and I find that it’s best they are taking certain measures now also to test systems for what we all know is coming now likely at some point tormorrow or the weekend. It doesn’t matter IMO. It’s happening. The audit EDGARizing takes forever and is tedious. The final document checks to make sure things are right and of course - the final payment to Auditor. They can’t forget that.

I just got a chance to see the Reduction of shares 8K also - very unexpected but this is exactly the type of corporate actions that gain shareholder faith.

IMO- Next stop… Test and Break of 52 week highs… continued corporate fundamental deliverables expected.

[duelittle2]

About Face on my post as I just realized there are NOT ~ 67 MILL IN THE RESTRICTED

Oops

https://www.otcmarkets.com/stock/CNNA/security

So Looks like the shares could be coming out of Unrestricted

Usually a move like today _ it would be the Restricted reduced

We'll See

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172038066

[EarthLord2020]

Will thin and slip over .02 fast.

[JohnnyRothrock]

Crazy: finish H.OY. today and RSI is only 74……….RSI was 92 fews days ago….when pps finished at .011…..and now we are at .0126….with a 74 RSI? :



Jjyyesss!!

Thats how its done! If we keep running…this would be looked back at i guess the perfect RSI reset for a start of a possible unicorn i at least have seen. Its like a magic trick, though it was no fun going through it all…but nonetheless, here we are not with a RSI of 95 nearing .013….but RSI 74: we could run a few more days before RSI to hot for too long!


..and tomorrow is Friday…the best day to run into weekend buzz and DD (the more i consider just their monthly subscription for then ‘free’ top 600 everyday most used pharmaceutical drugs….. the more i be like….wait…aint dat be huge?)

Anyways…….gonna be fun tomorrow. Good nite all….!

[tcnwave]

It means the company cancelled aka removed ~67M shares from the their tradable share structure. Meaning $CNNA get tougher to buy at these lowball prices.

It means let the good times roll. It mean Big Momma gets a new bikini. It's great news bruv

[J2003]

What does it mean?

[Roily23]

Interesting

[INV4]

Me too unfortunately!

That's why they (CNNA) put the 'most important stuff' in a tweet IMO.

Item 8.01 Other Events
On June 01, 2023, Ticino Capital LTD cancelled 66,825,000 shares of the Company's Common Stock, returning them back to the Company's treasury.

$CNNA

[Roily23]

I have tried every way possible from both my office-office and my home office and nothing works. At the OTC link I just get the cover page and at SEC this: An Error has occured within the Inline XBRL Viewer.

[INV4]

Full doc link:
https://www.otcmarkets.com/filing/html?id=16701793&guid=OGT-kpYMRb9mB3h

Another link:
https://www.sec.gov/edgar/browse/?CIK=1368620&owner=exclude

(Except there is/was a strange error over at SEC xblr system...
... perhaps that will be resolved as soon as possible?)

Strange error over at SEC xblr system. Here is the text of today's $CNNA 8k. pic.twitter.com/fccSvSwOte

— CNNA (@CNNA_OTC) June 1, 2023

$CNNA

[Roily23]

Thanks and that is the full doc? Saw that but was thinking there was more to it. Good stuff.

[INV4]

Here is a piece of the 8k/text $CNNA.

Strange error over at SEC xblr system. Here is the text of today's $CNNA 8k. pic.twitter.com/fccSvSwOte

— CNNA (@CNNA_OTC) June 1, 2023

https://twitter.com/CNNA_OTC/status/1664352195704127489?cxt=HHwWgoCw4Z_g-5guAAAA

$CNNA

[Roily23]

Whats the 8K say as this is all i get from Edgar:"An Error has occured within the Inline XBRL Viewer" Tried opening it every way available and nothing. .

[duelittle2]

The Share Reduction also Lowers the MC @ the current PPS

O/S = Restricted + Unrestricted

Suspect Share reduction out of the Restricted Side , so the "Float" (which is the Unrestricted) would remain Unchanged

406 - 66 = 340

O/S ~406,000,000 x 0.0125 =$5,075,000 MC

O/S ~340,000,000 x 0.0125 = $4,250,000 MC

[Gizzer211]

But is this the type of business that will attract investors due to its business model and allow its share price to slowly grow in the .01+ range and then to .05-.10 and then moves thru the teens etc?

[Penny2Dime]

One of The best so far this year!

[adesell]

No I know that but why would that happen 35 mins after the bell? Ive seen it happen on otc stocks before.