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Still waiting. Might grab a few more off ask at .90 tomorrow. This will catch on eventually
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.
Here's the New Filing I saw:
https://backend.otcmarkets.com/otcapi/company/financial-report/242659/content
It's back. This shows work and preparations, which I like. This stock has been very resilient as the world crumbled because of the extremely low float. I define the float as others here defined it at 2M or whatnot. But this filing defines it as about 160K shares. It depends on how one defines the float. I prefer our definition. At the same time, their definition is more about what they decide to do with the shares, and that's a good thing. As in, hold or sell.
2M *freely tradeable* shares went to a "Wellesley Holdings" which is someone behind a name. And if anybody is going to own 2M of our float, I want it be in someone's hands hiding behind a name. That's a strong poker player, and I want to know who's at the poker table with the other 160K weak hands. Good.
Then this note explains what those mystery 2M shares were for, which we were speculating about before. I would have preferred they went to a competent marketer, but I guess this explain why we haven't seen competent marketing yet:
On October 3, 2019 the Company approved the issuance of 2,500,000 shares of its common shares in exchange for a reduction from principal on a Note payable. The shares were subsequently issued on December 18, 2019.
That shows planning and preparation. The tweets, however, just jacking around and not accomplishing anything. I do like the previous press release. That was real good. I like the planned laid out and things like "soon." So, soon, I'd like to see something professional roll out. That's a lot of shares, so we deserve a professional show with professional actors. Not what we've been seeing lately. So far, their methods are not turning heads. Find head turners!
Then it says this:
On September 1, 2019, the company filed with the State of Nevada for a name change to Charlestowne Premium Beverages Inc.
Formal closure of said name change is pending and expected imminently. Thereafter, the company will pursue the follow-on name
change process with FINRA. At such time, the company will change its CUSIP number and SIC code to reflect this.
That sounds like a ticker change to me, so I'm confused when the comopany said they won't change their ticker. When a CUSIP number changes, that means our ticker will vanish and be replaced with a CUSIP number temporarily, and then change back to a ticker. Usually when that happens, it comes with a ticker change as well. So, why not just change the ticker too? I don't understand, but be that as it may be. That means nothing dramatic should really happen until this event happens, as I understand it. The final process of all of that still pending.
I think there are 2.5 M shares I still haven't accounted for, and I do hope those, at least, are in the hands of a professional marketer. Or a partner, or something to materialize in the form of WORK. All these vested interests can't sell because there is no liquidity. And the liquid float as I see it is 160K shares. And that's real good physics at this time.
There was a new filing. Otc seems to be down for me at the moment, but I know I saw a filing that I skimmed from either today or last Friday. It did show Ustin as the holder of all the cards, which is good. And it showed some work behind the scenes.
I wish they could quit dilly dallying around with amateurs and get serious. Hire serious people. You get what you pay for. So far, they are just jacking around. But at least some work going on behind the scenes. I don't want noise. I want music. They have potential to be interesting. To play up the fact that liquor, like cannabis, is up in recessions. Let's get this show on the road!
$FPWM $HEXO $SAM $CGC $HEINY $STZ New Cannabis-Infused Drinks by Key Player Will Spur Industry Growth http://www.dailyotc.com/featured/new-cannabis-infused-drinks-by-key-player-will-spur-industry-growth/ #cannabis #CBD #coronavirus $PEP $KO $MNST
Charlestowne Premium Beverages Inc (OTC: FPWM) is a company that develops, produces, markets and distributes alcoholic beverages worldwide. The Company’s portfolio showcases several current spirit brands such as Papa Vodka, and has developed and marketed other proprietary brands for a variety of customers and clients. These include Crocodile Tears Vodka, Lord ReProprietor’s Reserve Whiskey, and Special Reserve Whiskey.
Last year, statistics showed that the number of CBD infused drinks being distributed on a daily basis has increased dramatically. Molson sold more than $2 billion in beer last year to Canadian consumers.
The next cannabis bull run will be fueled by value-add products like beverages, edibles, medicines, and more.
Rise in production of recreational or medical cannabis in various countries and increase in demand for cannabis-based wellness drink fuel the growth of the global cannabis food and beverage market.
Companies have made aggressive moves to get into position for what could be almost a billion dollar market in the U.S. by 2022, according to investment firm Canaccord Genuity, and an even larger market worldwide. What’s this significant new market? Cannabis-infused beverages. And 2020 is poised to be a pivotal year for the cannabis-infused-beverage market
Extremely low float. Anyone know where FPWM alcohol products sold?
Followed you here! Thanks for bringing FPWM to my attention.
Whiskey and #CBD Vodka huge potential products once things return to normalcy which they will.
Agreed on that !
$FPWM - www.charlestownepremiumbeverages.com
Very tight SS, with right catalyst could see 52 wk high +
Agreed a lot of potential here.
Thats big that they have that license!
$FPWM agreed has a very low float. Wont be shocked to see back at 52 wk high or more
$FPWM -Liquor is pretty much recession and slow down proof.
$FPWM -Nice video and informative report
$fpwm..tiny ss here with company just starting to update..looks to soon be a runner here...
board picking up I see, company must be about done restructuring. love the product and cant wait to hear more about it.
$FPWM 2020 is poised to be a pivotal year for the cannabis-infused-beverage market: Charlestowne Premium Beverages Inc. (OTC: FPWM) on Watch http://equitiesobserver.com/featured/2020-is-poised-to-be-a-pivotal-year-for-the-cannabis-infused-beverage-market-charlestowne-premium-beverages-inc-otc-fpwm-on-watch/
Outstanding Shares 40,463,303 03/04/2020
Acquisitions coming based on this PR
Charlestowne Premium also has Wholesaler and Import permits from the Alcohol and Tobacco Tax and Trade Bureau - the governing body for spirits in the U.S. under the Department of the Treasury.
Charlestowne Premium Beverages Inc (OTC Pink: FPWM) is a company that develops, produces, markets and distributes alcoholic beverages worldwide. The Company's portfolio showcases several current spirit brands such as Papa Vodka, and has developed and marketed other proprietary brands for a variety of customers and clients. These include Crocodile Tears Vodka, Lord ReProprietor's Reserve Whiskey, and Special Reserve Whiskey.
He further stated, "We have identified a team of qualified professionals to implement our strategy and mandate, including experienced accounting and legal representation to implement this agenda. Furthermore, Charlestowne Premium Beverages Inc will seek a more transparent dialogue with its investors by providing clarity and detail throughout the reporting process. As we meet specific milestones, the investment community will be more aware of our activities and developments through our frequent press releases, disclosures and available public records."
Charlestowne Premium Beverages Inc CEO Martin Ustin said: "This new plan and strategy is necessary to attract investment and equity into our company. We want to restore investor confidence, so we are committing to remove affiliate and non-affiliate debt, become fully reporting with the SEC, and file audited financial statements. We are committed to achieving these goals in the next six to nine months, with transparency and teamwork driving our resolve."
The Company has been actively pursuing a niche in the alcoholic beverage market by promoting natural hemp CBD-infused alcoholic beverages.
The next in the strategy aims to increase Net Stockholders' Equity in the Company by investing and acquiring viable brands, businesses operations and/or assets.
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