Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Please don't SELL the news!!!!!
“They” faded it and put it on ice. Cause it should have already moved and it’s going backwards
It was a flip T3 for T6 and a few T7. Then they push it back to repeat. It’s really sad cause this stock is actually decent and people push pure shit instead. So I do not know who “they” are but “they” can hug a root. Any other stock that has the same developments and it goes 500% and “they” just want to shit on this one….
When…. Are they who killed what little momo it had?
Looks like bid fills being put back on the ask….
Guess I was wrong
The crowd will come after the 8K filed, the will find it.
Massive dumping again today
Great News out today in 8K! We should see a nice sustained run.
76mill volume, up 75%, and 2 posters, proof OTC melt up 2023-2024 is much bigger than Ihub!
8K Out: Verde Bio Holdings, Inc. (the “Company”) entered into a Purchase and Sale Agreement (“Purchase Agreement”) with Carolina Natural Resource Group LLC (“Buyer”) whereby the Company agreed to sell, assign and convey to Buyer 100% of Seller’s right, title and interest in certain oil and gas mineral and royalty interests, overriding royalty interests and other similar interests associated with properties located in DeSoto Parish, Louisiana, Belmont County Ohio and Laramie County, Wyoming (the “Properties”). The purchase price for the Properties is $150,000. The transaction under the Purchase Agreement closed on November 27, 2023.
https://www.otcmarkets.com/filing/html?id=17103212&guid=yTJ-keXhzjdydth
Verde Bio Holdings Provides First Quarter Corporate UpdatePress Release | 09/19/2023
FRISCO, TX, Sept. 19, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Verde Bio Holdings, Inc. (OTC: VBHI), an emerging oil and gas royalty company, today issued its first quarter shareholder update, along with its 10-Q filing with the highlights of the quarter and a discussion of its future prospects.
The Company remains optimistic about the oil and gas industry’s macro growth prospects and the opportunistic acquisition opportunities that the current and foreseeable environment may provide for the Company. The Company believes that the extended decline in pricing is an ideal environment to capitalize on opportunities to accelerate its next phase of growth. With acquisition opportunities that current lower prices present and as commodity prices rise again in the future, so does the Company’s revenue on a relative basis with no increased cost to Verde. Management believes the Company is very well positioned for the next phase of its growth.
Commenting on the results, CEO Scott Cox said:
"We remain strongly focused on consistent execution on our growth initiatives as we continue to engage in the strategic expansion of our low-risk, long-life, low-decline asset acquisition model. Our differentiated and value focused business model continues to deliver exceptional results. The pullback in commodity prices provides for attractive acquisitions that fit within our core focus and we remain actively engaged. With our transition into a more traditional E&P company which holds a significant portfolio of revenue producing royalties well underway, we are very excited about our prospects. We look forward to this next phase of growth as we streamline operations and push towards revenue growth and profitability.
First Quarter Key Highlights
The Company remains focused on the consistent execution of its business model and is pleased to share the below highlights:
Total Reserves as of 07/31/2023 were $1.79 million PV-10 value based upon SEC required pricing at $78.37/bbl oil and $4.08/MMBTU/ of Natural Gas.
Total Adjusted Revenue of $75,694. This revenue is net of non-cash adjustments of recorded depletion expense of $56,083 during the first quarter, which represents the proportionate use of the produced units in the properties relative to proven and probable reserves. Further the revenue is net of depreciation expense of $15,483. Revenue was down due to lower natural gas prices during the quarter given our portfolio is currently heavily weighted to gas. However, the Company is looking forward to higher gas prices as we go into the fall and winter and the new wells that will be coming online in its Haynesville Shale properties in the near future.
Portfolio Highlights and Acquisition Activity
To date, the Company has made over 18 acquisitions of revenue producing properties and recently announced an option to acquire another. The Company currently has revenue producing royalty interests in over 400 wells under operators such as SWN Energy, EOG, Civitas, Ovintiv, Aethon, Ascent, Chesapeake, Petro Operating and other major, well-funded operators.
Verde continues to have a healthy pipeline of new deal-flow and is evaluating potential acquisitions which complement its portfolio, as well as seeking opportunistic divestments in which it can make large profits, while actively managing the portfolio to maximize revenue based on current commodity environments. Active management also includes seeking divestment of low-performing assets to free up needed cash for reinvestment into better performing and higher growth potential assets. As the Company recently announced, it sold 55% of 3 lower performing assets for ~$398,750 and believes the balance will close in the near future.
The Company remains focused on execution and is prudently investing in its continued growth, with an emphasis on creating a dynamic and profitable company and focusing on delivering exceptional results for all shareholders.
About Verde Bio Holdings, Inc.
Verde Bio Holdings, Inc. (OTC: VBHI) is an oil and gas company engaged in the acquisition and management of mineral and royalty interests in lower risk, onshore oil and gas properties within the major oil and gas plays in the U.S. The Company’s dual-focused growth strategy relies primarily on leveraging management’s expertise to grow through the strategic acquisition of revenue producing royalty interest and strategic and opportunistic non-operated working interests. www.verdebh.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company’s products and services, the ability to complete software development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company’s most recent periodic filings with the Securities and Exchange Commission, including its 2022 Annual Report on Form 10-K and quarterly reports on Form 10-Q.
Contact:
Kirin Smith, President
PCG Advisory, Inc.
ksmith@pcgadvisory.com
https://www.otcmarkets.com/stock/VBHI/news/Verde-Bio-Holdings-Provides-First-Quarter-Corporate-Update?id=414664
There will be NO RS as they mentioned they might do one in Jan 2023 like 11 months ago....It's NULL AND VOID the window to complete the RS.
Bought 2mill 6's here today, thanks Holdem777!
More PROOF OTC is back! up 66% on big volume, yet no news or even a post here! This OTC Gold Rush is BIGGER than IHUB!!!
VBHI up 25% on 09/01/23 Stay tuned.
My instincts told me that the CEO of this company was a Scam Artist but by the way he talked. I ignored it at first and bought into the company stock over a year ago, held it for a few months, then realized by his 2nd conference call that he was in fact a scam artist, all scripted in the way he talked. Glad I bailed out before he pulled the rug from under everyone!
I highly recommend to take a look at Houston Natural Resources (HNRC) that just merged with a mid-range Oil & Gas Exploration Company that recently expaned into mining copper, lithium, gold, rare earth metals, etc, AND is about to change their official company name to Cunningham Natural Resources Corp (CNRC) and Uplist to NASDAQ by the end of this year 2023, and they believe they will be trading above $3/share. You can currently buy into HNRC pre-merger for at or near 0.10 at the time of this post. Best wishes to all!
https://finance.yahoo.com/news/hnrc-files-name-change-cunningham-142500240.html
https://hnrcholdings.gcs-web.com/
VBHI: SEC Cease and Desist ADMIN. Proceedings:
https://www.sec.gov/litigation/admin/2023/33-11189.pdf
Just sold all my shares, lost my ass, just hopes this dude burns in hell.
What happened to the last capital raise Scott. I see what your up to.
This company just added billions of shares a couple years ago, now they want a 1500-1 RS. Did not Scott Cox cash in a million by selling off some of his gas leases to have cash to invest. What has this POS ceo done for his shareholders.
Scott Cox needs to burn in hell
Verde Bio Announces Reverse Stock Split, Name and Ticker Change
GlobeNewswireJanuary 25, 2023
Strategic Decision to Support Improved Investor Profile and Position Company for Next Stage of Success
FRISCO, TX, Jan. 25, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Verde Bio Holdings, Inc. (OTCQB: VBHI), a growing oil and gas company, today announced that in preparation for its proposed up-listing, the company filed a preliminary 14C with Securities and Exchange commission (SEC) for a 1 for 1500 reverse stock split of the company's issued and outstanding common stock. The new corporate name for the Company will be Verde Energy Holdings, Inc. and the ticker symbol will be VEHI. The name change will position the company as it solely focuses on acquiring and managing oil and gas minerals and royalties.
The primary purpose of the reverse split is to better position the Company to take advantage of current market conditions and to continue to add valuable assets to its portfolio and ultimately to its bottom line. The split will also help meet the requirements for trading on a national exchange. Following the mandatory 10-day waiting period for the Preliminary 14C and barring any comments from the SEC, the Company will file a Definitive 14C and following the mandatory 20-day waiting period, the Definitive 14C will become effective. Shortly thereafter and upon approval by the Financial Industry Regulatory Authority, the split will be effected and a new CUSIP number will be assigned to the Company's common stock. Upon effectiveness of the reverse stock split, every 1,500 shares of the Company's common stock outstanding will be converted into one share of common stock, with any fractional shares rounded up to one whole share.
Further, once the split is effective the Company is planning to move forward with a large capital raise to recapitalize the company to further position it for success in any market.
Scott Cox, CEO of Verde, stated, "Implementation of the stock split and name change is an important strategic decision for Verde. We believe the action will help us best position the Company for not only a potential up-listing, but also provide us with greater access to capital by increasing our exposure to institutional investors, which will ultimately help us to achieve our stated strategic and operational goals. Additionally, investors should keep in mind that a reverse split is simply a relative split in share count and share price whereby the share count goes down, tightening up the company and the share price goes up which can make the Company more attractive to investors and capital groups."
The Company is currently in the beginning process of due diligence related to up-listing on a national exchange. Before an up-list of the common stock, the Company will need to complete and file an application after the split is completed. There can be no assurance the Company's application will be approved by the chosen national exchange. Further, the Company will be adding at least two Board Members in the near future as we continue to progress the Company to meet further qualifications.
"This is a critically important step in our corporate development, and we are pleased that we have positioned the company through continued proven execution of our business plan, so we can execute the split and position the company for continued growth. The resulting higher share price will also provide us with several significant benefits, including ease of raising capital, enhancing our corporate profile and appealing to institutional investors and analysts. This stage is a significant milestone in our plan to create long-term stockholder value and attract a broader, more diverse stockholder base," continued Scott Cox. "This success will support the Company as it continues to drive forward as a well-capitalized and well positioned oil and gas company."
The reverse stock split will not affect any stockholder's percentage ownership interest or proportionate voting power or other rights in the Company's common stock, except to the extent that any stockholder receives whole shares in lieu of fractional shares. No fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise be entitled to receive fractional shares as a result of the reverse stock split will be entitled to a cash payment in lieu thereof at a price equal to $0.02 per share. Holders of the Company's common stock held in book-entry form or through a bank, broker or other nominee do not need to take any action in connection with the reverse stock split. Stockholders with shares in brokerage accounts should direct any questions concerning the reverse stock split to their broker; all other stockholders may direct questions to the Company's transfer agent, Securities Transfer Corporation at 469.633.0101.
Additional information regarding the reverse stock split can be found in the Company's filings with the Securities and Exchange Commission and readers are encouraged to read such documents and the exhibits thereto in their entirety.
This communication does not constitute an offer, or a solicitation of an offer, to buy or sell any securities, investment or other specific product, or a solicitation of any vote or approval, nor shall there be any sale of securities, investment or other specific product in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company's products and services, the ability to complete software development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company's most recent periodic filings with the Securities and Exchange Commission, including its 2022 Annual Report on Form 10-K and quarterly reports on Form 10-Q.
Contact:
Kirin Smith, President
PCG Advisory, Inc.
ksmith@pcgadvisory.com
Sure hope he has something good coming because he’s pissing me off.
CEO continues to buy in the .0019-.002 range. Not sure if that means anything.
5 million shares traded in just the last minute alone.....we may be ready to turn the corner here....$$$$
Well Hot Diggidy, some cool news out but no comments here from anyone?
Correction, beginning to think Scott Cox was a big mistake for me.
Begininning Scott Cox was a big mistake for me
So VBHI is thinking of uplisting (our guy says it at the end of his interview which starts at 15.20), what's the method idea? Just asking out oud.
The typical method is by screwing over current shareholders. Maybe VBHI isn't that hateful.
Uplisting to a bigger market doesn't mean it's not going to get shorted to hell buy the MMs at the beginning, but then that would be a great time to buy.
We all make mistakes