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.
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.
I'd like to think that means that Denman got everything back on track after HIRU came in and bought them, and it's just a case of nothing has been updated yet online. I know that enough has happened over the last 18 months that they haven't earned the "everyone should just take their word for it" kind of thing, but it looks like that's what's happening here. Seems more likely to be true than Denman themselves going from "ceased operations in July" to "landing their own contract with Alk88 and firing everything back up at the exact same time as HIRU claims to have bought everything" (and I'm not suggesting you're saying that of course). So hopefully it is what it appears to be. That doesn't mean SQF certification was renewed of course, but maybe they did at same time as renewing everything else that was delinquent. Hopefully we'll find out soon, with real proof that can't be misconstrued in any way. We shall see.....
No doubt about it. The "Washington shareholder" that's going down to Arizona is a big thing. He knows bottling water and he knows business. I think we'll get a lot of info, and put any questions to rest (one way or the other)
You're right that BLAS has moved around, but if they're looking for the best price, it perhaps is a sign that they're getting near the end? I know they moved around last week as well, but I don't recall any movement when they first came on the scene. Hopefully we're getting close to the end. I'd think we have to be....
Working backwards,
Thanks camelion. I'm sorry, I shouldnt have said "you know it said.....". You've never been like some of those on Twitter that absolutely intentionally leave things out.
Come on camelion. You left off the "AND" part, which is the key part to that sentence. You know it says "Company will not conduct a reverse split of its common stock for a period of three years or at such time we break annual revenues of $20,000,000 USD and are required to do so as part of a planned Uplist to a National Market Exchange.
The "and" is everything in that sentence
Thank you. I knew we'd agree one of these days lol. As far as the CEO getting help, I think a $40 million company will require a board and other top execs as you suggested, but that's still down the road a bit. For now it's still a smaller company. Hopefully a good manager from Denman stayed on in CA, as that could be an issue as well (not just other execs, but also high level production manager's/staff). But I think otcqb uplist might require independent board directors? I'm going from memory and could be wrong on that, but I'm assuming they're thinking uplist with the PCAOB audit. So I'm thinking we'll see a board of directors, and perhaps other big execs come in. If HIRU were to get an exec that used to work at a big board listed company, that would go a LONG way towards helping credibility and easing doubts and concerns. Imagine a CFO coming on board that used to be a CFO for a NASDAQ listed company? That should bring a huge amount of confidence along with a hiring like that. Will be an interesting next 6 months, that's for sure.
While they've said things in tweets that didn't happen, the promise of no reverse split for 3 years would be a totally different violation of trust if they broke that. They'd never get investors again, at least not anytime soon. Some promises you can break, others you just can't. I'm confident there's no reverse split coming here, unless and ONLY unless it's part of an uplisting process after massive revenue and everything is going very, very well (and the stock is well over a penny and moving higher).
I think wronginvester is correct in pointing out the areas where HIRU has made some mistakes. 3Q and 2022 full year projections that fell short/will fall short of what they initially projected causes concern for some investors. It also causes uncertainty, which no one likes. For me, the biggest question for Q3 miss and downgrade of Q4 projections is the following: would these numbers have been bigger if they had added a line 3 in Arizona, as was promised a long time ago? I think some of this explains a portion of the recent selling. The fact we're still waiting on SQF certification/Walmart contract, while likely no fault of their own (SQF certification takes time), has caused distrust among some investors, also leading them to sell (and the infamous "weeks not months" tweet hurt credibility). So you have some sellers for those reasons. And wronginvester....despite his/her name lol....is not wrong that the last tweet before earnings said we'd get info on the new lines and new customers. We got neother. But.....
....with all that said, I still think it's the dilution that's the issue. I really believe HIRU would be going up if there wasn't 5 and 6 million constantly on the ask at these low prices. Once the dilution is done, I expect to move higher. I don't know when it will be done, but I really do expect things to get much, much better. Add in that at some unknown time we'll get news of SQF certification/Walmart contract info, and that's another big catalyst to drive the stock higher. At any time we could get announcements of new customers for the CA facility (CVS and Target specifically, and could be others).
I think there's a lot to be excited about in the short term and long term. And once we're in 2023, everything will be about that $40 million revenue number. As long as they're hitting that, the stock is going to move higher period. It's been a long road for investors like me that have been here since early 2021, but I see big things ahead for a stock that is massively undervalued right now. Get that SQF certification/Walmart news and the dilution ends, and we're looking really good right away I believe.
Best to all,
G
If it doesn't ever come for NX*R than I'll have to agree with you. But if that one comes, you can't doubt this one for HIRU......
I don't disagree with much of what you say. I'll add to it that HIRU missed their own projection for Q3, not just revising Q4 down. They gave projection of $4 million for Q3, and only came in at $3.1 million. Between the revenue miss and the discovery that all 375 million shares issued in September went to M___, I went to bed last night thinking the stock was going to get clobbered today. The PCAOB audit announcement definitely helped this morning, in addition to the upward revision of 2023 revs. But as you said, they downward revised Q4 revenue projections. I still expected a rough day, with or without any additional share dumping.
With all that said, there's still every chance they get SQF certification sooner than later...even if not in time to really help Q4 that much. Revising estimates down so it looks like there will be no Walmart is smart. Underpromise and (perhaps) overdeliver is how I like my CEOs to talk. As you said, there's been too much hype in the past and when it doesn't come good, trust is eroded. Best thing now is if they're being conservative, stop tweeting anything that isn't factual news, and just bottle water and grow the company.
Maybe our only difference is that you don't think the stock will move until Q1 results are in. I think the stock is ready to move higher when the dumping stops, and will REALLY move higher when SQF certification is announced along with the Walmart contract. That can obviously happen this quarter, even if it won't be able to help much until next quarter. We shall see....
Ok gotcha. I see your point. And I'm with you as far as the "big names" buying or holding or whatever. I usually assume if they're pumping something, it's because they're already loaded and looking to sell.
While flippers will always be an issue, I just don't see how we need another billion shares and/or 70 trading days to get through the shares for sale. The volume in the last 3 weeks alone has been massive. There can only be so many shares left to get dumped.
I agree with your list of catalysts, but think that one in particular carries a massive amount of weight (or two I suppose, as they're combined): SQF certification/announcing the Walmart contract is going to change the game in my opinion. It's not just that it's a new, money-making contract. Many people, including some well-known former longs, don't believe the Walmart contract is real. That has dragged on the stock brutally. I personally believe it's absolutely real, that SQF certification will come sooner than later at this point, and will be a huge moment. Trust will be regained (by some), a lot of investors will come back, and the stock will move significantly higher. Just my opinion, but time will tell.....
Sorry, my bad. I didn't take into account when you made that statement, as I wasn't here at the time. I thought you were saying we'll still need a billion shares in volume (from now) in order to get HIRU moving.
I know your point Quantum, but it definitely won't take that kind of volume. This dumping is nearing an end, and there's plenty of catalysts to come that will drive the stock higher. Just my opinion perhaps....
Totally agree. And again, I think it's why Q3 results got pushed back into November. Usually it's between the 20th and 25th of previous month. Makes good sense to wait (if one can)
Just like that, BLAS is down to 0075. We're gonna move higher!
Here we are at 0034. Interesting to see what happens now....
Agree with you both. And it's just a guess, but I don't think there's much remaining to unload. I really do think that HIRU pushed back the Q3 results until they knew the stock wouldn't just be under pressure from dumping. If we can get to 0034, I bet BLAS will be gone quickly and not come back. We shall see...
It will always be something, that's for sure. My guess is today you'll see SQF certification/Walmart brought up as "a lie", more than knocking HIRU for something with the financials. That's about the last thing anyone can try to use against them (and it's silly anyway because SQF certification will come when it comes, and the company can move forward with Walmart from that point on).
Of course no matter how much money they make or how good things are, people can still try to claim the stock is "worthless" because it trades under a penny
:)
Thanks very much! Really appreciate that
Agree with you 100% on all your points. I think about HIRU as a buyout candidate quite a bit. Nestle went around buying up a ton of water companies, and only sold them off last year in a multi-billion dollar sale. Bigger fish like to buy the smaller bottlers. If everything comes good and HIRU hits the numbers for 2023 they've given us ($30 million "conservatively"), the share price will get to fair value or someone is going to want to buy them. Either way, the stock goes up. 2023 should be an interesting and exciting year if everything comes good....
Sure thing! This is a great board. Glad we can all knock ideas around and ask/answer questions about HIRU.
That would sure be nice. I bought SN*W at 0014 and sold out at 0021 because I didn't think it would come to anything. Wasn't long after that it ran to 31 cents. I still want to punch myself in the head for that one lol.
No doubt that HIRU's massive growth and getting in with some serious retailers offers the possibility of life changing gains in the future. This time, I'll be fully along for the ride!
You absolutely could be right. There might be contracts they haven't disclosed but are fulfilling. As an example, I believe it's either Costco or Sam's Club that forbids suppliers from disclosing they have contracts with their company. So maybe HIRU is bottling for some big retailers already. With that said, "seeing Alkaline 88 in a Kroger's" doesn't mean that HIRU is the one who bottled it. I'm sure that Alk88 uses numerous co-packers, and they also could have bottled it themselves.
To be honest though, what I was meaning in my previous post is where the money is coming from for HIRU. I think hardlesson was saying the same thing. He suggested that perhaps as much as $3 million in Q3 came from Alk88. For that $3 million, it doesn't matter if those Alk88 bottles wind up in Kroger's or anywhere else.....the money is coming from Alk88 and not Kroger's. If/when HIRU has a contract with Kroger's or Albertsons or CVS or Target.... we're talking about a revenue stream IN ADDITION to what HIRU is getting from Alk88. That will be great for the company (and its shareholders)
Best regards,
G
Nice breakdown. I wonder how much of HIRU revs come from Alk88. You could be right it's 75% or thereabouts. I remember on 5/18 (because it's my birthday) they announced the deal with the "white label" company, called American Water or something like that. They said it would generate $1.5 to 2.5 million annually. If that's doing as well as planned, it could be over $500K per quarter. Then you'd just have the government contracts they inherited from AZ Custom Water filling in the rest of the $4 million projected for Q3, assuming those are still ongoing.
Totally agree with you knife. Hopefully the dumping of shares is done, and the stock can head up. Back over 003 and no massive ask walls should be the start of the next run higher
Thanks richme. I appreciate it.
I don't think SQF certification has "gone quiet" to be honest. I think the HIRU Twitter posting has "gone quiet", and that's probably a good thing. Getting SQF certified is a process, mostly boring. I'd like to hear nothing more about it....until HIRU gets it. When they do, it's going to be big news (along with firing up that Walmart contract of course). The last Twitter post from HIRU said we'll get an update on the new lines when we get the Q3 results, so hopefully that will happen. I'm really looking forward to 2023 projections, so hopefully we get revised numbers there as well (though even the original $30 million is pretty spectacular for a company that really just started about 18 months ago).
Best,
G