Item 9 Labs Corp (INLB)

[Kjv]

Been here since November it’s not really in good hands!

I had an email discussion with the guys selling it for them.

[MaverickDillon]

Don't be thinking a double here, you want to be in INLB when THEY run it!! Be here in Feb-March 2024, as that's when I see this flying. this .0008 stuff is a joke AND A GIFT AT THE SAME TIME! We could 20 X from here EASILY during the penny stock bull run of 2024, right in time for bitcoin halving. The company is currently in good hands and they know where this is going to go. Stare at the chart and the shares at DTC, you'll figure it out!!!!!

[Kjv]

Bid support at 7 is looking good!

[Kjv]

Are we coming back to life?…lol

[Kjv]

Back in at 7…3 is probably possible if OTCN has shares still! Or filings delay

[Maniana]

ouch

I might bite 3's

for dead cat

lol

[JPXPetra]

Seems like they created strong revenue producing assets and they had/have good products. Whether or not they all get sold depends if a buyer is secured and a deal can be struck

Some documentation by the Dept of Health which was previously redacted appears positive for legislation. This article is 10 hours old

https://www.marijuanamoment.net/federal-cannabis-rescheduling-docs-released-newsletter-january-15-2024/

[Kjv]

There is no way they will have enough buying interest to dilute into current A/S..

The 10K will be the make or break or determine the next plan.

So we will see.

[Maniana]

you honestly believe

they will no RS this?

cmon now

lol

[Kjv]

Yeah. I won’t make any move until they even post the 10K.

There is a possibility they let this die into Expert market, some debts have been paid by dilution and they don’t need to worry about the capital market side of the business. All possibilities but if it drops to 0.0005-0.0007 though..willing to take the risk with a few million shares

[JPXPetra]

All BS aside this is looking more and more like a trap. I usually like going for things that don’t look pretty on surface but that is also a bias on my part

If you let volume lead the way, you might not get the same RR but will save a lot of time and effort trying to predict what happens next or getting diluted on. Sometimes you get diluted no matter what when a company is obviously in debt it’s not the greatest starting point

I wouldn’t throw your money in here until these is a clearer picture what’s happening

Cheers

[JPXPetra]

Right on.

[Maniana]

That was a joke and a compliment.

so was mine ;)

"unfair" -> "lol" (aka funny) -> compliment

joke
I
I
I
I
V

[JPXPetra]

That was a joke and a compliment. Who do you work for?

[Maniana]

It’s just unfair that it makes all his posts right either way

"unfair"

lol

[JPXPetra]

The Maniana guy’s tag line says to do the opposite of what he thinks. I’m just following his advice

It’s just unfair that it makes all his posts right either way. Good hedging

[Maniana]

even blind chicken

finds the seed sometimes

[Kjv]

Someone laughed at me for buying a Q stock on this board…what do I know?…lol

[Kjv]

Add SEVCQ…bought at 0.03 just last week…now 0.13

[JPXPetra]

Let’s take Hertz for example. A large stock that went into bankruptcy and came out of it

Or OTC stock SRNEQ, came off the bottom ran from 0.02 to .24 in 2 days just recently. Supposedly also bankrupt. There’s a lot of examples. All you can do is look at what the company has going for it and make a judgement call. It is risky

People with Lev3 info bashing OTC stocks is weird to me. It’s not cheap and usually requires a series 7 license. It’s either provided by their company or they pay for it and probably do this for a living

[Maniana]

32Mil diluted in 10 days

[Maniana]

Delinquent SEC Reporting

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

[Kjv]

Yup!
We need OTCN done for any move up!

I was told by the guy in charge of selling the business that 1st quarter is their target but didn’t gimme specifics

[JPXPetra]

Reading through this board it’s odd for someone with Lev 3 access to sh*t post stocks they’re not in. You would think they have other things to do..

If this does go up a lot of sellers have been taken out between here and 0.003. They usually file on the 12th, we may see it on the 16th due to the long weekend. A lot of shares changed hands down here so either some people have some big bags of poop. Or we see some green dildos esp if MJ legislation progresses

This is just my take on it, it’s risky af, but stranger things have happened in the OTC. Bet accordingly.

[JPXPetra]

Tried contacting Robert Mikkelsen yesterday their CFO. No response yet, not surprising. He did recently accept a job for TEGO to clean up their books and filings. He starts on $10k a month and if successful makes $20k a month. So he retained a good reputation and out of INLB’s executives is the only one still working for INLB. It says in the 8K he retains his INLB position.

This could be taken positively or negatively, he must be considered good at his job. It’s also clear he has another job. It’s not that uncommon for CFOs to work for several companies either…

[Maniana]

OTCN back on the ask

enjoy the trips

...but, ...but, ...but

how did you know???!

[Maniana]

OTCN back on the ask

enjoy the trips

[JPXPetra]

More dilution. Is it good or is it bad. I’m guessing we find out when the govt talks about MJ developments next week.

[Kjv]

🚨 $INLB

💰0.0011
Pink Limited, AS: 2.0B, OS: 258M, US: 183M

Outstanding Shares Updated:
🔴 226,619,489 (2024-01-01)
🟢 258,619,489 (2024-01-08)
Difference: +14.1% (+32M)

Unrestricted Shares Updated:
🔴 151,878,544 (2024-01-01)
🟢 183,878,544 (2024-01-08)
Difference: +21.1% (+32M)

Chart, OTC Profile, Twitter, @otcupdates

[smilley78]

Thank you, its a coin flip lets see

[JPXPetra]

In receivership. Big revenues, looking for a buyer, I wrote a bunch of blah blah with my take on it in my last post

The L2 action is interesting, could interpret it either way. The Unrestricted was 28mil in July, 150mil now. Still very small. For now

[smilley78]

Nice volume here, added few what’s the deal here

[JPXPetra]

A lot of odd L2 action last few days. T trades at aggregate numbers. Beatings down followed by large blocks. Either dumping while trying to keep the SP as high as possible. Or shorting and soaking up shares for a sale that is pending

Last balance sheet was 52MM net +ve assets to liabilities. $70MM in accumulated deficit but $140MM paid in additional capital. $20MM revs. $180k in cash. Far better numbers than most OTCs

They still managed to lose $12MM in the last year. A very productive operation, very badly managed

OTCQX, highest reporting tier, to delinquent in 6 months is wild

You would think with this inventory, revenue and infrastructure it would be a good candidate for a buyer to clean up and make profitable

The retention of Sharps is positive. If they find a buyer it flies. If not disappears taking all $ with it

It’s a coin flip, but with big RR potential. So the right kind of coin flip at least

[Maniana]

they will run it down to no bid

then RS for new owners

beer money is great

as long you won't get cought

holding that last bag

[Kjv]

No. They don’t file 3Q…They file 10K which covers their Sept reports too.


Any company who hasn’t filed Sept report is already in Expert market now.

Check their filing history that’s how I know when things are due for each company.

[bones jones]

The reason for the delinquency is they did not file fins for 3rd quarter ending Sept. 30th. Last filing is for 2nd Q ending 6/30/23.

[Kjv]

True. Makes sense.

I am thinking they didn’t file NTQ cos they plan to file on time.

I am sure they know there is no way they are seeing 20m volume in EM to clear the notes.

I PM’d the message I got from SHARPS advisor to you.

[Maniana]

dumping

with negative accumulation

[structengr]

Thanks , KJV.... Much Appreciated!

So, on OTCM (markets) where they post all the "Disclosures", SEC Included (bottom of page - Otc top page), on Dec 29, 2022, they filed the EXTENSION (last years filing)... The "NT" form for the SEC - believe giving them 15 more days... and then they posted the 10K (yearly) on Jan 13th..... the reason for the Delinquency this year, I believe, is that they didn't post the "NT" form requesting said EXTENSION... perhaps they will just post the 10K, at this point in time.

Does appear to be excessive dilution going on right now and it could be a part of the Asset selling and cleaning up notes.... (shrug). For those, getting in now, might be a steal. See how the next couple days go...... true double bottom now at 11.... see if that can hold first. To me, it appears there are some additional shares for sell, probably from retail as well, due to the Change in TIER for the delinquency. All speculation!

SURE, WOULD be nice to hear something more substantiative from the Company... that last 8K.... pr... was pretty vague. Almost appearing to allow, some loading from lower levels.... but who knows... Again, all a guess and speculation right now.....

ONE THING, they certainly have introduced some real "liquidity" down at these levels...

Still expecting to see a nice move to 50 dma for starters (and most likely much more).

Let's go INLB.... talk to us!!


Struc

[Kjv]

You are talking sense. I can share my communication with you privately!

Sharp advisor responded to my email on progress with the sale yesterday.

Sharp CEO used to own LIVINSTONE that did some incredible deals for companies.

[dajen]

I think this dilution is part of the restructuring plan. Clean up the notes. The share structure still is low and even with some more dilution it relaisstation attractive . One condition, Sharp capital Advisors has to move on with the sale process. Only my opinion, I am holding.

[Kjv]

You must be a kid.

Done conversing with you

[Maniana]

Okay I bought STAL BEGI CBIA ABQQ ZHUD SEVCQ BCNN BLEG at this level…sold each time for a profit.

Should I go on?

don't forget about BLAH

BULL and SHIT

[Kjv]

I bought 12 yesterday 13 today.

You must be a dishonest person…hard to trust others?

[Kjv]

Okay I bought STAL BEGI CBIA ABQQ ZHUD SEVCQ BCNN BLEG at this level…sold each time for a profit.

Should I go on?

[Maniana]

OTCN just reloaded 13s with 2Mil

all you can eat

but will 2 Billion AS fill you up?

I know you ain't buying

...just pumping

lol

[Kjv]

Another idiotic statement.

It’s called diversification…

[Kjv]

Idiotic statement.

Their annuals aren’t due until the 13th…do you even do any DD before posting?

[Maniana]

did it ever occur to you

these are "dirt" cheap

because it is "dirt"

you might be getting?

[Maniana]

The only regret is I need dry powder to buy more!

that only tells me

you can't be taken seriously

you need only $8K to reach 5%

and you just told everyone

you don't have $8K