Momentous Opportunity:
I sold out of MMNT today. I compared that stock to this one in earlier posts. Also a startup offering cananbis infused alcohol:
03/31/20 12:33PM EDT Sell 1600 MMNT Executed @ $0.61
03/31/20 12:33PM EDT Sell 1500 MMNT Executed @ $0.61
03/31/20 12:31PM EDT Sell 8450 MMNT Executed @ $0.61
03/31/20 12:31PM EDT Sell 1550 MMNT Executed @ $0.6101
They had a really good PR today. The volume was high for that stock, over 130k shares. I left only 1,000 on the table and exited with a $2,500 profit approximately. I wanted to make so much more, but their float is just too high these days. If we had news like they get, we'd fly I think. I only exited because the stock market is crashing and there is so much competing value out there. Banks, everybody. Only the "sin stocks" like this one not getting clobbered, but even they are takign a beating. Our good physics I'm hoping can really do something in this dark world.
Look at at their PR today and take some notes. Let this be our blueprint. And look, there they have cannabis infused drinks in their plans, like us.
https://www.globenewswire.com/news-release/2020/03/31/2009178/0/en/Momentous-Holdings-Corp-Provides-March-Update.html
EXCERPT:
March 31, 2020 09:00 ET | Source: Momentous Holdings Corp
Momentous Holdings Corp. (Ticker: MMNT) herein after “Momentous” and/or “the Company”) is pleased to provide an update with regards to its development strategy and planned operational activity during the global pandemic.
Following the merger to become a publicly traded company, the Company has subsequently completed its first annual audit as a combined entity. The audit entailed the adoption of several new accounting practices including reverse merger and predecessor/successor accounting.
The Company is now focused on meeting our set objectives for 2020. Predominantly, we plan to continue with an up-scaled version of our current business model, which has allowed us to generate growing revenues over the years since our inception. With the global spirits market valued at $617.8 billion*, we believe that we will be able to increase our share of the sector over the coming months and years.
Andrew Eddy, CEO, noted “I am pleased to have completed the audit process, the vast scale of the requirements for the audit work exceeded the total staffing at the Company, due to the large number of transactions from the distillery prior to our merger. Going forwards, I am pleased to say that the process will not be as onerous and we have strengthened our internal accounting, compliance and reporting departments. Thankfully our capital raising efforts have been met with success during the past few months which gives us added confidence that investors and consumers see real value in our product line.”
The Company is also taking operational considerations during this period as a result of the COVID-19 derived restrictions. Max Chater, our Chief Distiller, is currently in a personal isolation phase which is to enable him to continue to run operations and the distillery at a minimally reduced capacity. The distillery has undergone an additional deep clean and all other workers have been sent home - with the cessation of all tours and masterclasses at our distillery for the time being. Sales are directed through both online and contactless transactions, with deliveries setup to allow for non-contact collections.
Max Chater, Chief Distiller, said “These are unprecedented times for the Company. We do however have infrastructure in place to provide our products through safe online delivery which is allowing our customers to continue to enjoy our products at their homes. We have also created our own hand sanitizers and hand balm which we supply free of charge to our customers as our little part in the effort against COVID-19.”
To date, the product range consists of Victory Gin, Victory Bitter, Victory Vodka, Victory Pink and Victory Negroni (Ready-To-Drink Cocktail). Outlined below are some strategies that Management wish to implement in order to boost shareholder value for the coming fiscal year.
• Product expansion of additional cold distilled eco-friendly alcoholic beverages and Ready-To-Drink cocktails, and alternate recyclable packaging options.
• Key industry appointments to Management and Advisory team.
• Redevelopment of our websites with an up-scaled online store, and subsequently opening a tap room or bar.
• Further improve our branding and product design in conjunction with readily identified and costed facilities improvements to production equipment.
• Expansion into alternative flavors of vodka and gin.
• Foreign and domestic sales and distribution network expansion.
• Pop up bars and events.
• Submission of new and existing products for beverage awards to bolster our existing International Wine and Spirit Competition "IWSC" results.
• Name and symbol change to better reflect the business, followed by up-listing to the OTCQB or beyond.
• Production of CBD infused alcoholic products that have been developed in house during the past two quarters.
• Initiate a sales force in North America and commence marketing program within the territory.
• Execute contracts to have our spirit lines supplied at high-profile events such as major sporting fixtures, and to continue to grow our sideline business of distillery tours and cocktail masterclasses.
• Partnership with a strategic airline, or other travel destination or operator.
• Promote brand awareness through celebrity endorsements.
• Expanding sales force to other European countries with an existing market for our products, and sign strategic partnerships to help increase our global presence.
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