Home Bistro Inc (HBISD)

[rstar]

rearview trading is really easy! i'd be a trillionaire!

[retireat40]

I averaged down. My first purchase was in the 8's. Sold some to get my initial back. I wish now I had sold all yesterday in the 16's.

[rstar]

$GRTD looks like it bottomed and shares are scarce-
you get any or you're just here for the schadenfreude?

[decogold]

Too bad for you, the other day it was the cat's meow. Retired is something else!!!

[jchords]

Looks like it’s holding this range

[decogold]

The other day you were calling me stupid, right!!!!

[decogold]

The other day you were calling me stupid, right!!!!

[retireat40]

Folks getting killed here...most buys last 2 days were far higher than this.

[retireat40]

Pre-market hit .0665. Might be ugly at the open.

[retireat40]

Reverse splits are common with reverse mergers. The info on the private companies are always hard to find.

[musicbynature]

Wow so obvious. Thank you!

Sometimes these folks just straight blindside investors.

Damn.

GRTD

[indodax]

i smell money here

[indodax]

GRTD is on BOBoard this week..any idea?

[indodax]

good morning

[retireat40]

https://www.otcmarkets.com/filing/html?id=14087568&guid=Rc2HU6dk9qa5dth#EX99-2_HTM

[musicbynature]

Does it really show their revs in the 8k!? I missed it.

According to ZoomInfo (which isn’t the most accurate of course) they did have 7M in funding and per quarter show at least 10M in revs.

However, financials always reveal the accurate numbers.

Will be interesting to see.

GRTD

[musicbynature]

I don’t believe they stay in treasury. 8k mentions the OS will be over 900M.

Just saying if they do end up splitting their own shares, it could be a strong candidate post-RS!

It will definitely be cloudy for a bit until the RS happens. Best to move on for a while and catch the next one.

Tough pill to swallow sometimes but plenty of opportunities out there!

Gltua

GRTD

[retireat40]

In looking at the 8-k, Home Bistro certainly does not have $43 million in sales per year. For the nine months ended Sept 30, 2019 they had net sales of just over $600,000.

[Banditsboots]

Looks like a good chunk of shares will be restricted

[albertaguy]

If there shares are in treasury do they still get split as well?

[dennisv]

This Is A Growth Market! Absolutely!

[musicbynature]

The fact they are splitting their own shares is special!

Unfortunately folks will be scared and sell-off but this company just became a hot stock post-RS.

They’re doing it right if they indeed split their own shares.

GRTD

[Golden Cross]

Home Bistro is uniquely positioned to take advantage of the developing market opportunity generated by consumers growing demand for prepared meals ordered online and delivered to their homes.

[retireat40]

They had shares. Many private companies do.

[rstar]

that's right- they are splitting their own shares too and new control block shares issued will be restricted and then subject to affiliate leak out rules.

10m market cap may very well prove to be wildly undervalued for best rated gourmet home meal delivery

despite penny players aversion to rs because they have ptsd from toxic cos doing them to just start the dilution over again, rather than like here where the intention is likely to uplist asap.

I’m reading things a little different then what I’m seeing here now:

Bistro shareholders get 80% of $GRTD
$GRTD shareholders get 20% of Bistro

Currently $GRTD has about 20m o/s (per OTCMarkets website)
Means Bistro gets 80m shares

O/s would be 100m - market cap at .10 pps = $10m

After r/s the o/s will 3.1m -

If pps is .10 @ time of r/s - pps will be open @ $3.2 - market cap will be $10m

Undervalued currently if I’m reading things correctly- butt I was wrong that one time back in ‘07 - so be carful making any decisions based on how I am understanding the 8k
© 2020 Investo

[fojcol]

HomeBistro was a private CORPORATION. All corporations have stock ownership. But not all corporations are publicly traded.
GRTD will become 100% HomeBistro, (not 20% of HomeBistro).
GRTD stock will be diluted by HomeBistros 1-for-1 share exchange with GRTD.
with the result that was WAS 100% of GRTD pre-merger will now be 20% of GRTD/HomeBistro post-merger..
Percentage of ownership remains the same post reverse split. Since # of shares goes down, value per share goes up an equivalent amount. (ie: down 1/32 in number, up 32X in value).
Of course this doesn't take into account what the market thinks, or how it will react.
Check out their webpage. Not too shabby! https://homebistro.com/

Home Bistro was founded in 2014, and in 6 years has grown to a $43,000,000/year company, ranked the #1 home delivery meal service in the USA, according to CNET.

Home delivery meal services are just ramping up in popularity, and could become the wave of the future, especially if covid-19 stays around as a problem.

[MTGA]

Interesting things from 8k

Did anyone else see that in the filing it says 17mill share are the OS and the other 980mill are in the treasury?

Also in the filing it says no shares can be diluted until .25+ and it’s only a fraction of the shares and it goes up per price point?

I have no idea I just saw finny trades post it on twitter

[maninnepa]

I thought home bistro was a private company that wanted to go public and that was why they were going to merge. So where did these shares come from?

[Kamal1234]

Why Gratitude Health, Inc with 75% insider ownership took a so bad deal with the merger ? . Er we not guaranteed to get 20% income of Home Bistro

[retireat40]

They didn’t raise the OS. They are adding in the 800 million shares from Home Bistro.

[paullina5555]

Why would they raise the AS and then turn around and do a reverse split. Makes no sense.

[Golden Cross]

$GRTD Acquisition of Home Bistro direct-to-consumer_online prepared meal-delivery_company

PALM BEACH GARDENS, Fla. , April 21, 2020 (GLOBE NEWSWIRE) -- Gratitude Health, Inc. (OTCQB: GRTD) (the Company or Gratitude) today announced it has completed the acquisition of Home Bistro, Inc. (Home Bistro), a Florida -based, direct-to-consumer, online prepared meal-delivery company, in an all-stock transaction. Home Bistro provides high quality, direct-to-consumer, ready-made meals at www.homebistro.com, and restaurant quality meats and seafood through its Colorado Prime brand. Home Bistro is uniquely positioned to take advantage of the developing market opportunity generated by consumers growing demand for prepared meals ordered online and delivered to their homes.

[Golden Cross]

$GRTD Very Undervalued here...

[retireat40]

Did you read the 8k?

[Golden Cross]

Thanks sellers for allowing me to re-load today!


$GRTD

[retireat40]

Lol. They are doing a 1/32 RS. Not huge but not good. Home Bistro has about 800 million shares outstanding. That was always the wildcard here.

[retireat40]

It’s not false. It was in the PR.

[retireat40]

It’s there. 1 for 32 by June 1st.

[retireat40]

Agreed until that 8k came out. Nearly 1 billion outstanding when you factor in the Home Bistro shares.

[puffadder]

Almost bit on the dip today ....

I’ll stick with you know who and private financing lol

[retireat40]

Well that blows. Didn’t think Home Bistro had over 700 million shares outstanding. If they do $40 million in revs it puts the value around 4 or 5 cents. May be a bloodbath in the morning.

[ncj167]

HAHHA GLTU I watched all day but didn't jump in.

$GRTD

[MADDSTACKER]

I’ll take some at .0010

[ncj167]

Common Stock at a ratio of approximately 1-for-32 shares on or before June 1, 2020 and subject to required corporate and regulatory approvals.

Item 2.01.


https://www.otcmarkets.com/filing/html?id=14087568&guid=4vsHUKuv_evZK3h

[Involuntary-Recluse]

GRTD

Read the 8k that is out, 959 mil o/s and 1:32 R/S on the horizon.

Kudo's to all that took profits,i am sure hdogtx did

[Cromer77]

I can't find no mention of reverse stock

[funnyG986]

GRTD 1-32 RS mentioned in 8k

Further, the Company intends to effect a reverse stock split of its Common Stock at a ratio of approximately 1-for-32 shares on or before June 1, 2020 and subject to required corporate and regulatory approvals.

[MADDSTACKER]

There is now 1 billion shares ..

[Tiger Money]

Gratitude got 100% Homebistro but only gets 20% worth. If u use a 1x sales multiple, the value comes to .5034 cents a share. Uuuummmm UNDERVALUED!

[fojcol]

Got scared when someone posted that GRTD only got 20% of HomeBistro.
That's totally false, but the damage was done. It'll bounce back shortly.