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price action says....
base building is about done and a new high is very likely soon.
pr update...........
my favorite:
" In the fiscal quarter ending February 29, 2024, Cal Nano secured approximately US$1 million in purchase orders from customers utilizing its SPS and cryomilling manufacturing capabilities."
or
topline run rate of $4 million per year.wowwwww....
https://money.tmx.com/quote/CNO/news/6867096740749365/California_Nanotechnologies_Announces_SPS_Equipment_Purchase_to_Further_Enhance_Capabilities_at_New_Facility
$$$$$$$$$ for your easy picking.......
just buy the stock asap if you haven't. please buy any amount you feel comfortable with,$$$$ is knocking on your door hard and says "take me in,i am all yours".
daily volumes have been steady around 100k+ shares(all).....
will it hit a 52 week high of 34c Canadian soon? i think so,80% chance before the end of this Q.
we have a healthy grey hound(without flee) on the price chase, where is everyone???
too quiet on this board.....
too early still for the money seekers waiting for easy/sure money?
75% yes
25% otherwise
if yes, it is a great sign which means a multi-bagger can still be had. wooowww.........
disclosure-biased long.
wowwww...
the q3 2024 er is out:
https://money.tmx.com/quote/CNO/news/4956209790219425/California_Nanotechnologies_Announces_Q3_2024_Results
high lights-
Record quarterly revenue of US$1,159K representing 177% YOY increase
All-time high quarterly profitability with net income of US$316K(excluded warrant unrealized gain of $198K) and adjusted EBITDA1 of US$427K
Stronger balance sheet with US$1,128K of cash on hand and positive working capital1
this dog just got rid off its problematic flee and on track to be a full grown growth stock with pe expansion likely goes from 10 to up to 20.
my hope:
new price= 15* 4c or see stock hits 60c in 2024.
this is what i posted back in feb 2023....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171112468
"this was posted under canof and no longer valid:
welcome everyone.........
watched this small and tsxv listed stock struggled with no avail for many years,and i started to accumulate my position in 2022.i belief this out-of-favor stock has transformed itself into a nasant and sustainable growth stock;instead of taking my word for it,here are the resources available for those who do their own DD and i hope this can be a profitable venture for you
1 https://money.tmx.com/en/quote/CNO
2 https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00020680
3 https://www.calnanocorp.com/investors
Bullish
BULLISH"
a two-year-plus new high since 2/2021...
this little canadian company finally on a well deserved price move! 80% chance it will continue,again i own the stock and biased long.
podcast collection: learning additive manufacturing ....
hot off the press.......
""...Furthermore, Cal Nano’s growth strategy continues to make progress, as evidenced by record revenue for the quarter ending May 31, 2023, which is expected to exceed US$500,000." ""
https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00020680&issuerType=03&projectNo=03547352&docId=5440999
can it do $2.0 million topline in the new fiscal year(2024)? this is the million dollar question and i think so with a likelihood of 75% chance.woooooowwwww.
my experience with the company,part 1.........
looking but no touching.
it all started many many many moons ago,the company looked and acted like a dog with flea. the only consistent outcomes were losses,more losses, and losses galore,lasted over a decade since 2004 spac.ooouuuchhh. one number that troubled me or any sensible investors,was the salaries and wages on the expense side of the book,which always hovered around 50% of the topline,and stayed constant with increased topline.oouuccchhhhhh. this dog can be summarized on 2017(calendar year?) and prior with one word: toxic or "looking but no touching".
for some reason things started to change post 2017,the hemorrhaging of expense side of the book seemed being checked by a newly formed management team and bingo,the dog with controllable flea is here to stay.wooooooowwwww. so ever slowly,the flea started going away and this dog finally saw its first worthwhile record profit in q4 2023 fiscal year. wooooooooowwwww.soon after,the company moved to pay down its debt from above $1.5 million down toward $1.25 million,and restructured its debt.woooooowwwwwwww.its cash level went from a historical average of $50k to close to $300k.wooooowwwww.
to summarize 2004 to 2017:
watching the paint dry in a raining season
toxic
"looking but no touching"
had you not done the above,money down the drain.oooouuucccccchhhhhhhh.
to be continued.
so far so good.....
will it break 50c soon?i hope so,just pick up few more shares around 43c today.
here i go again without sam's baggage...
after latest er,i picked up 10000 shares at 37c/38c because of
gross margin 25%
sg&a 20%
new projection:
2024(current year) 5c or pe=37/5c=7.5 at current trade price
2025 8c
2026 11c
i believe this about what i paid 6+ years ago before the price gone on a roller coaster ride,all for nothing.will this time different?odds going back to the old glory days again,are 75% on the long side.
i would buy.....
if revenue is up above $22 million and expense is kept below $4.5 million,what is the odds of both hits? 25% chance and my powder is ready for action.
too quiet.....
few days before next earning report.can revenue kept above $400k,the million dollar question??
legacy issues on the table thanks to sam.....
it is all about the numbers and nothing personal.
structural vulnerability need to be addressed:
drive gross margin back up above 25%(of revenue) consistently vs historical 27% norm.
keep expense below 22% is a must,like what was achieved in the latest q,vs 30% norm.
what i like to see going forward(in term of revenue):
2023: both gross margin up 1% and expense down 1%
2024: repeat above
2025: repeat above
eps projection:
with 5% revenue growth and inflation effect passed on to customers
2023: 25-22+1(from growth)=4% or 2c
2024: 26-22+1.5=5% or 3c
2025: 27-22+2=6% or 4c
again i believe what urgently needed to be focus on is to maintain expense ratio at 22% or lower which is easier said than done.
i hope the new ceo is determined to re-transform the company back to 10%+ profitability many years ago,unfortunately this take time,and need to be slugged out 24/7.we should know how he was doing in q3,2023.
this was posted under canof and no longer valid:
welcome everyone.........
watched this small and tsxv listed stock struggled with no avail for many years,and i started to accumulate my position in 2022.i belief this out-of-favor stock has transformed itself into a nasant and sustainable growth stock;instead of taking my word for it,here are the resources available for those who do their own DD and i hope this can be a profitable venture for you
1 https://money.tmx.com/en/quote/CNO
2 https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00020680
3 https://www.calnanocorp.com/investors
Bullish
BULLISH
welcome everyone.........
watched this small and tsxv listed stock struggled with no avail for many years,and i started to accumulate my position in 2022.i belief this out-of-favor stock has transformed itself into a nasant and sustainable growth stock;instead of taking my word for it,here are the resources available for those who do their own DD and i hope this can be a profitable venture for you
1 https://money.tmx.com/en/quote/CNO
2 https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00020680
3 https://www.calnanocorp.com/investors
2 interesting and positive developments........................
a break from the last 4-5 years of shit show and silliness!
1. Selling, general, and administrative expenses:
Selling, general, and administrative expenses decreased by $677,692 or approximately 14% to $4,320,981 during the three months ended September 30, 2022 compared to $4,998,673 for the three months ended September 30, 2021. The decrease in selling, general, and administrative expenses was primarily due to a decrease in payroll and related costs in the amount of $301,946 and a decrease in advertising and digital marketing costs of $355,378. Other components of the decrease in sales, general, and administrative expenses include a decrease in computer and IT costs of $22,113; a decrease in professional and legal fees of $20,587, and a decrease in banking and credit card fees of $15,736; and a decrease in insurance costs of $7,092. These decreases were partially offset by an increase in travel and entertainment costs of $17,903, an increase in office & facilities costs of $16,432, and an increase in taxes of $11,124. The decrease in sales, general, and administrative expenses represent the results of our overall cost-cutting efforts as well as the restructuring of our marketing and advertising programs.
2. BOARD OBSERVER AGREEMENT
Effective November 28, 2022 the Company entered into a Board Observer Agreement with Denver J. Smith (the “Agreement”). Mr. Smith is part of a Schedule 13D group (the “Group”) which holds approximately 8.3% of our outstanding common stock. The Group had threatened a proxy contest, and to avoid expense and disruption associated with a proxy contest the company has signed the Agreement with the Group. The Agreement provides, among other things, that for up to six (6) months, with certain minor limitations, Mr. Smith will have observer status at all meetings held by our Board of Directors as well as meetings held by the various Committees of our Board of Directors. In addition, the Agreement provides for Mr. Smith to become a member of our Board of Directors on or before the six (6) month anniversary of the Agreement subject to fulfillment of the Board’s fiduciary responsibilities. The Agreement contains certain “standstill” provisions regarding proxy contests, Board membership and joining certain ownership groups. The Agreement is conditional upon the Group maintaining certain minimum ownership of our common stock as well as imposing duties of confidentiality and securities law compliance.
I am taking ivfh off my shit list and just may be I would invest in it after next ER.
i try to keep everything simple in a complex world.....
during the last "pump and dump",i had the good fortune of big gain(33x). i am very proud to have passed the word "to buy" to my peers on this board at the onset of this monster 100x jump.
will i buy it this time around at 3c again and why?
NO.PUMPERS are nowhere to be seen and without them,the game is over.
or
capc was a bubble since the "magic" mirrors marketing started,and pumpers capitalized on this dog due to its super low stock price;pumped it from 3c up to above $3+,and dumped from $3+ back down all the way below 10c.
my hats off to you(pumpers and dumpers) for a speculative play and i hope ihub investors saw through this ploy and made money on this dog.
again it needs to reverse the ongoing trend.....
positive eps is the only way to support stock price,without eps positive and no reduction of the $4+ million allowance to cash,i believe it would be tough to see positive stock price movement anytime soon. again,i believe 2023 is an important pivotal year and prove: does nmxs 2021-2022 transformation real or just a head fake??
last 3 q trends are not good....
in term of revenue,eps,allowance of medical billing topped $4 million......and i believe likely it is about to lose money next q. i hope it can remain profitable and soon clear up its balance sheet,and if not, dead money for all 2023.
i am here...
and watching.so far so good.
hurricane risk....
shipping stops for 1 week?
down to 16c low ...........
where is ds?????not good if he changed his mind and stopped buying more ivfh shares.
ps-50% chance of breaking new lows of 12.5c before end of the year.
capc never dies it just faded away...........
7c handle. down to 3c before year end?
healthy volume of 216K.....
where is ds and his buying???if no active investors are buying,the price target is 10c before year end.
what are the odds of .......
the big boys decided to dump all their stocks and be over with it?can the stock be had for 3c??again,i am a scavenger,lower than low.
cricket,cricket,cricket.........
3-4 years galores of "red flags",so far,no serious challenges/treat to sam yet??do we have active investors or easy pushovers???? a replay of "helsinki hostage syndrome"??????
or
for the active investors:
simply no more good money after the bad money.
vs
sam's plan b:
These USDA approvals will extend the Company’s current term loan to 30 years and will provide approximately $4.5 million of additional non-dilutive capital to the Company.
he stays and waving his middle finger at all of us with a big smile.
what if.....
sam can ruin the business relationship of us foods,ivfh biggest customer??
i believe this uncertainty is why big players are handling sam with kid gloves;
what is ivfh worth without us foods??
more infusion of capital asap.....
q/q:
loss of $1.2 million
cash $2.4
short term debt $5.6
a/p $6.3
line of credit $2.0(used)
y/y:
shares 47 million(2022) vs 36 million shares(2021) ****highest growth****
more good money after the bad money???90% says no.the business model is 100% fatally flawed.
again,i believe $10 million is needed to reset the company/management.
correction:
instead of 60+ million shares needed(previous estimate),it is now moved to 80+ million shares in 2022.
what is next.....
going dark is my first choice.
inventory turnover rate....
q2 inventory $1025k
q2 cost $11k
or
23 years worth of inventory at revenue rate of $20k to clear it all.
get out now before you lose it all.80% odds to the poor house for the stubborn longs.
are we there yet................
are you seeing "emperor has no cloth"???finally.oucchhh.
this is why the bubble is popping and stock price likely be down to 3c again.
my timeline:
within this q,down below 10c
next q,down to 5c
and beyond,down to 3c.bingo.
ps-where are the longs and the bs artists?
from nt-10q ......
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
x Yes
picking a candidate is the easy part.......
"primary election" fight:
what would be the estimated cost of sam's poison pill? my guess is between 3-5 million deficit to the balance sheet.
"general election" fight:
how much more dilution for "good money" needed to fix a broken "debt-ridden and non-scalable asset"??
or
reset expense for a new management:
up to 5-10 million dollars at the cost of the balance sheet,is likely be the final bill for the bagholders: a costly move and high risk.
or
shares dilution beyond 60 million shares is likely.
your justification for the wager is interesting..........
triangling and pinpoint of what the next big outcomes are likely to be,by the big/determined players and based on acquisition of the additional shares by DS: purchased made after his letter of discontent,may be a fool's errand. unless you are correct and soon,my logic of proxy war have been wrong on this one for a long time.
what have i missed and can these collectively be the reasons for no action?
***scalability of revenue,a no go. turing to a net margin,a no go.cash infusion always and a must.
** due to inflation,inflation,inflation:food cost up,labor cost up,shipping cost up.
*debt trap is structural,a consistent and predictable and always a go.
or
the big players are trapped(f**k may be more appropriate): fighting over a non-performing-asset is not business. SD buying(stupid and hubris move) more shares is no blood of other players' noses: why other players are not buying?again,with ivhf survival need,it becomes an addicted debt based company and management has no incentive to get out of the hole. throwing more good money after bad is no solution,what is left is hubris and only reason big players have not gotten out.it is a shame that this ends in a lose-lose for everyone so far.stay away or sell while you can.this is a fight no one can win.
ps-i will buy when price dropped to 3c.
no filing no money......
sit tight and in my case,no move,until the "black box" clears itself.
broke thru the 50c support.....
50c+? 33% chance
45c? 33%
40c? 33%.
burn rate down big time is needed to reverse the down trend.
ps-keeping your powder dry should be a smart calculated move.