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Good afternoon,
Thought I might chime in on this issue. I have long owned this for quite some time, but now I feel something is in the works and it appears this may after a long period like a couple of years things are about to turn for the better. Certainly .0001 is thinning out, however, once we get the .0002 on the bid there is going to be one major churning on this issue. Too many folks have held this at .0001 and will be glad to see .0002 on the bid and will no doubt exit and be pleased with a double. One main reason for this is that many hold 100s of million shares and exiting for a double is major profit and that is especially with this issue.
The churning at .0002 will be in the billions and will last at least for a week or so and that is without a catalyst and a double in profit is something most folks will take and not hold. The company just has way too many shares in the market and selling at .0002 has to be bought at .0003 from new buyers and that is something of a major hurdle since most folks are already holding and understand the makeup of this company and its business model. In other words, the skepticism about the company can't be overlook and is very much becoming a factor within the churning at .0002. Thus, the sells. New buyers will have to pick up all these .0002s and buy at .0003 and this will be a major task, and it will take a rocket catalyst to move it higher.
For now, enjoy the .0001s I certainly am and have added a few more. Now, I not going into target price since this issue is so unpredictable, but I'm sure most folks will be glad for .0002 and take the double without reservation. That I'm sure of. How high will this go? Not sure but .01 really isn't a rational target not under this share structure, but playing this with .0001 is a buy and .0002 is a very high probability for sure, beyond that is anybody's guess.
Have a good day
varok
Good morning,
About the restricted shares issued. I agree that an announcement from the company regarding would be helpful, but in this case it's really self-explanatory.
These share in particular as with many restricted shares usually caries predetermined requirements before the right to be exercised or what is called vesting- A predetermined set of targets or parameters set up by the company and holder. Mostly, it involves the progress within the company going forward or certain target elements.
I don't expect these restricted shares to be unrestricted until well into 2025 or longer, but not within the next 6 months at least.
I bought into this downdraft by a nervous holder and added to my position and will continue to hold well into 2025. Also, there are no longer any notes so that has come to an end.
The overall financial doc is very positive and shows us in the growth stage. Please remember that this latest filing is the 2nd quarter when these mergers took place so the next financial filings will surely be better in a positive fashion and expect these financials to be released in November. This current quarter ends September 30th.
We have lived through the 2nd quarter, and it was pretty much spelled out, now we begin the remaining 2024 Calander year in a positive growth setting, and I remain bullish.
The downdraft or updraft is thinly traded, and it doesn't take much to move it either way. So, one must be careful on how you should take in this trading session and don't jump to conclusion because we will move back to fair value and that is around .002 give or take and the next quarter will be better than this latest Quarterly report. There is no more dilution and that is now behind us. An announcement from the company would certainly regain the momentum we all desire.
Have a good day
varok
The Sunday Newsletter 8/11/24 - BLEG
I realize it's early for this, but I'm out Sunday.
Let's recap the previous week trading session.
We can certainly agree it was a very strong week with respect to the share price. All indication is that the convert D is basically done, and dilution is over or almost non-existent. There were 5th decimal trades in small volume and followed by a regular retail trade, meaning the 5th decimal trade came from a wholesale entity, which was the first trade and then followed right after into the retail trade. So, this is probably just left over consolidation and overall has a minimal effect in the big scheme of things (share structure).
The trading volume is really quite thin and just averaging around 6m give or take per day and that is just unbelievable, I'm only guessing on the average, but it isn't by anything of great numbers. I think mostly it's the holding pattern due to Name Change and Symbol pending with FINRA. This mostly effects many companies that are waiting into transition and isn't unusual. So, patience is key, because you will miss out once the events come to fruition.
The next 2 weeks will be our game changer, and we will move to higher highs and volume should pick up after the transition into trading range of .002-.003. This range will start the churning effect that allows the bottom feeders to take profits. This timeline is important for the sake of liquidity and a normal trading cycle. The thin volume trading up to this point is basically a holding position for many, thus the tight trading range. Once we move into the .002-.003 it will start too once again, greatly increase the daily volume average and puts us in a trading range that will complement our true fair value, which incidentally is currently well undervalued.
I expect this week our 2nd Quarter Financial and believe they will show the growth pattern of the company and its forward momentum on a positive footing.
This link of July 30th is my posting of a culmination on how I have come to believe that the company has the vision moving into Fall and Winter of 2024 and the future into 2025 with extreme optimism.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174834195
So, in closing, the next 2 weeks are going to be awesome and expect more news coming out of the company and X interim announcements to keep you abreast of things happening in its current state.
It's all good. See you on the trading floor tomorrow.
Have a good day
varok
Yep. That will start to change since many are on the sidelines waiting for the FINRA updates. When we do get the updates, and it will be this month going into Labor Day which will get us moving higher.
As I have mentioned target is .01. I am anxiously looking forward to the Financials, which I expect to show positive growth. And today's X shows just how serious the company has been thus far. Just looking really strong.
Have a good day
varok
Thanks JM.
Starting next week will be a game changer going into the end of August. Last call for under .002
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174886530
Have a good day
varok
Well folks, we are here at .0020 and for you that are in, it is now a hold. This is going to be an interesting ride to pennyland. Going into fall and to the end of the year is an absolute hold. Now for the fence sitters. There is plenty of time to get in and the buying opportunity has now moved to .0025.
We are trading on very thin volume and that is a very strong indicator that things are about to get extremely interesting. This trading on thin volume is now dependent on all the facets of the official documents coming into play. Dilution is nonexistent and updates on Name Change, and new Symbol has put us in this current holding pattern. This too will end in the coming week.
I'm excited and very bullish and I can't over emphasize enough that we have a very strong penny gem that will gain positive growth potential going forward for our ROI.
I've added more this morning.
Have a good day
varok
Good morning,
The fuse is lit!
Last call for buying opportunity under .002.
Have a good day
varok
Good morning,
We are on our way!!
I'm getting more optimistic about our penny gem every day.
Announcements and important information in the coming week.
Mr. Biochemup asked how I know? Well, it is really quite simple. I got my crystal ball info from the company via X. I just put in the timelines. See, X information is overtures what the company's plans going forward. Then they must disseminate the info via an official announcement.
Now this is what we can expect in the coming week or 2.
Now I realize that the SEC does accept info via X as legitimate business practices. However, from CEO X messages will most likely be addressed with an official press release as we have received on Monday. He gave us that tidbit on X in the prior week.
Expect a press release on the conclusion of any note pending, Ending dilution. This would certainly go a long way for share price appreciation. This would give us the momentum.
Also expect the 2nd quarter financial next week. I expect some of our acquisitions made in the first quarter will show us some positive numbers and higher rev as well.
We should get a press release on the conclusion on FINRA this week or next of the financialization on the new corporate name and symbol identification.
And finally, an update of the official share structure and I believe this aspect and the settlement and FINRA is why the delay in the final corporate update. These issues collided with FINRA and why the delay. Not to forget the acquisitions into a vertical integrated corporate umbrella earlier this year. This all will be resolved shortly and then we rock and roll.
I as well expect an update on another collaboration in or near the end of the month.
Have a good day
varok
Another major announcement coming this week.
Have a good day
varok
News!!
I was expecting this last week. Looking good here.
https://www.otcmarkets.com/stock/BLEG/news/Branded-Legacy-Secures-Exclusive-Extraction-Partnership-with-One-of-the-Worlds-Largest-Kava-Distributors-and-Producers?id=442321
Have a good day
varok
Good morning,
We are having great start for the week and is clearly showing that momentum is in our favor.
Now, some of you have mentioned my target of .01 by the end of the year going into the first quarter of 2025. The target is based on accumulation of a few aspects that have brought the company where are today and moving into the most critical aspects of the next 2 financial statements with the next one coming in August.
First, I would like to take you back to my Newsletter for May 5th.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174360481
This cumulation of the company's business structure is the foundation of building a vertical integrated business model that has the potential for a phenomenal company and it is these attributes that will make a major impact for the next 2 financial quarters since these applications were introduced to us and implemented in the first and early 2nd quarter that will make a positive next quarter (August) look very favorable and moving into the end of the year.
My Newsletter for May 12th on the value aspect and how .01 can be achieved.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174401369
I don't want to make any delusions with these predictions since we are involved in a penny company, but all indications are that we are building a company and have a CEO who has conducted himself with transparency that is in short supply within the penny arcade. The CEO has given us weekly updates via X and has kept us abreast with pertinent information that has come to fruition as we forward.
It isn't difficult to understand that we have a company and cultural times in our favor and as long as the share structure stays within these margins, we will endure and hold one of the best penny companies with a great success story yet to fully materialize.
As I have mentioned, this issue is a strong buy all the way to .002 and then average into copper land and beyond.
The company has laid out the blueprint and now let the company build its business model.
Target stands at .01+ with an unchanged share structure will give us a MC of 10m$. Very achievable!
Have a good day
varok
Like I have mentioned.
Things are about to change.
Have a good day
varok
Good morning,
I understand the X messages we get from the company and the most recent is by far quite promising. However, I generally don't accept them as nothing more than keeping us abreast of things to come. Now, with that said and the last email received from the company was back on May 30, tells me we will be getting an announcement on some major news. I feel that we are about to get another contract announcement maybe this week or next week before the August financials.
Silence is Golden.
Have a good day
varok
The Sunday Newsletter 7/21/24 - BLEG,
Well let's start with last week's trading session. Overall, we held up quite well considering, but believe we maintained from the bottom falling out at .0011 where we held and towards the end of the week closed .0013 with a modest few going off at .0014. Many trades last week were in the 5th decimal range followed by regular retail trade. Here is a recap of what I reasoned for this trading pattern, and we hit a larger volume than usual and I believe what has been transpired form these multiple trades.
My recap of these trades from 7/17.
" I am going to make a bet that the company is countering the conversion from D with a share buyback and why I think the DTC as my synopsis from my last post seem to suggest that they are having settlement issues and why no update on the transfer agent. I generally feel we are going to have a positive outcome. I'm not concerned with the conversion since this company still has one of the most attractive share structures for a pinksheet company.
My reason is that there are too many trades going off in the 5th digit and countering into buys. 5th digit trades are first initiated by wholesale i.e. institutions, and can move onto retail, but on the most part these trades are conversion/dilution whatever, but in our case, I believe the company is countering with a buyback initiative. I have trades in at .0012 yesterday and the initiated trade was a 5th at .00115 and my execution was filled on .0012. Now that sell at .00115 came from wholesale entity but have also witnessed it in the reverse, meaning the company has to buy back on the open market and can denote as retail.
If you are a tape watcher notice all the 5th trades following a 4 decimal after each trade in consecutive multiples going off, meaning wholesale to retail in multiples, those denote institutional involvement."
Now I will address Mr. PROPHET-of-PROFITS post of July 20th.
"DUMB QUESTION
why not just buy out the d holders?
Otc play book.
Dave will buyback stock on the cheap. Issue the d shares and then pump the stock so they can dump for more than he would or could pay? "
Actually, it isn't as easy as that. These D holders are now independent holders and to their right, they would be better served to sell into the market on given days. Also, all buy backbacks/retirements have to be purchased from the open normal trading session in a given day. They just can't go back and tell the note holders they will back the note on a pregiven amount when the note was established from past amount and monies based on these past amounts been executed in the post/merger agreement. The only recourse for the company is a cancellation of any outstanding conversion note, of course this only can happen with the note holders in agreement and that is unlikely since the agreement was established as a promissory note within the agreement with the merger within the corporate structure into BLEG.
The simplest way is the company buying back shares and sending them into retirement, which I mentioned form my above post believe this is what the company is doing with the multiple trades that went off last week on the 17th and18th when volume was unusually high.
I like how this company is handling the issue thus far and feel let the issue run its course so we can move into fall with a more complete setting that maintains a level of transparency and ROI for us all.
I like this company more now than the past and feel that we have a very good opportunity to move into the growth period as we go into fall with these conversions behind us. Also, we will be getting the next quarter financial around mid-August and really feel this report will give us some nice numbers and a new direction in the share price with higher highs through the remaining 2024 calendar year.
As I have mentioned in many of my posts that this is one of the best pinksheet companies with absolutely an attractive share structure and the transparency from the CEO is truly a blessing in this very unpredictable penny arcade where obscurity is a normal business practice.
I have also stated that current situation within the realm of the daily trading session allows us to require additional shares at a bargain. I strongly believe that the current trading session is a strong buying opportunity all the way up to .002 and the target is .01 by the end of 2024.
I'm very optimistic on the near-term future of BLEG.
Have a good day
varok
Good morning,
Yesterday's action at the open with a level II notation of 550m has to be a fluke.
Now I do have a theory. Could it be a retirement of shares back to the treasury. Reason why I think that it may be in this case, is when with such a large volume amount at the open it goes against the theory for every share sold is a buy and vice versa. Also, it can't be dilution since it goes beyond the regulatory with the % of daily volume on execution of dilutive shares hitting retail since we don't have buyers or even the noted volume to allow such action.
Well, that is my theory. A reliable update from the company would be a big help, so for now we can only speculate on this abnormally.
Have a good day
varok
Good morning,
Agree absolutely! This tweet is the most telling next to the share update. The effort in transparency by this CEO is just remarkable.
Can't wait to see the next quarter financials around August 24th or there abouts on some numbers. I believe the financials will show significant results. These monthly numbers show real growth.
Also believe he is in buyback mode as well. It is looking really great for us.
This company is an absolute buying opportunity on any purchase under .002. This would give it a MC of 1.7m$. Way undervalued to say the least.
This fall is going to get really exciting.
I'm buying at this range again.
My target of .01 still stands and now feel it will go much higher.
Have a good day
varok
Good morning,
Having a rain day and the political sphere is getting too exciting for me, and the need to stay informed.
So, today once again I will be watching the tape.
I am going to make a bet that the company is countering the conversion from D with a share buyback and why I think the DTC as my synopsis from my last post seem to suggest that they are having settlement issues and why no update on the transfer agent. I generally feel we are going to have a positive outcome. I'm not concerned with the conversion since this company still has one of the most attractive share structures for a pinksheet company.
My reason is that there are too many trades going off in the 5th digit and countering into buys. 5th digit trades are first initiated by wholesale i.e. institutions, and can move onto retail, but on the most part these trades are conversion/dilution whatever, but in our case, I believe the company is countering with a buyback initiative. I have trades in at .0012 yesterday and the initiated trade was a 5th at .00115 and my execution was filled on .0012. Now that sell at .00115 came from wholesale entity but have also witnessed it in the reverse, meaning the company has to buy back on the open market and can denote as retail.
If you are a tape watcher notice all the 5th trades following a 4 decimal after each trade in consecutive multiples going off, meaning wholesale to retail in multiples, those denote institutional involvement.
Also, when I mentioned in my last message about raising the A/S. I generally never concern myself with such a move as negative and you shouldn't either. This company is a manufacturing concern and as most public companies in this sector require a substantial amount of liquidity to stay relevant and since the company's A/S to O/S is extremely sitting on a narrow margin that may require raising the A/S for future growth aspects. But it isn't meant to cause concern because it really isn't a factor until a financial package may be needed as I just mentioned to implement a growth strategy that involves new equipment or whatever.
So, in the end we are a very good position and I feel going into fall and to end of year will prove me correct and I still stand by my target of .01 going into 2025 which I believe to be a good year for us.
Oh, notice just now the trades and this may verify my synopses on what I am referring to.
Buying opportunity is on your doorstep at these levels.
Have a good day
varok
Yes, I still stand by this target.
,01++ Is a MC of 7m$. Why I put in the +++ because I feel in the end it will go much higher. Once the street feels that the conversion has ended a MC of 10m$ is very probable. It will end eventually.
Have a good day
varok
Good morning,
From the current news cycle in the political sphere, I' m sorted of glued to the important news streaming so I'm chiming in on our little gem here today.
First, I' m going to intervene on the negative comments swirling around about CEO and the transfer agent and updates.
What some folks have stated about Mr. Oswald as being not above board and having displayed dishonesty is absolutely unwarranted and very disingenuous to say the least. He does not have the luxury to hide share count or any information that pertains to the share structure from shareholders.
The transfer agent tracks and keeps records of the ownership shares held by shareholders whether held in street name or institutions thus the share structure and amount held overall. The issue we may have here with respect to the updates is within the purview of the DTCC who has the sole responsibility in clearing settlement and distribution. We know that the Preferred D are being converted, but I think that the holdup is in the settlement stage which is the responsibility of the DTCC and then reports the official accounting to the transfer agent and noted through the various public information forums like the OTCB site. To blame Mr. Oswald is way out of bounds.
Latest X from Mr. Oswald and he is absolutely right!!!!
Dave Oswald
·
Jul 3, 2024
@Dave_Oswald_CEO
·
Replying to @Dave_Oswald_CEO
Also, having previewed our activities on X in the past only to be burned for it because things didn’t move fast enough has caused us to pull back on those types of announcements/updates. Its unfortunate, because I actually enjoy presenting and discussing our lab activities $BLEG
Dave Oswald
@Dave_Oswald_CEO
·
I cant even go out there and say something vague like “we’re working on a huge contract that will bring in $-xxx,xxx/month stay tuned for updates” because half the ppl will accuse me of pumping the stock and the other half will cry about why it hasnt happened yet. $BLEG
10:57 AM · Jul 3, 2024
I generally never take solemn in public forums like ihub with the disrespect from some here as being nothing more than amateurs that have very little respect and being very juvenile to say the least. You should be ashamed of your posting, and you could be better served just to keep your opinions and your very disrespectful comments within the confines of your mind. Questions about share structure and when who and what are legitimate but trashing the CEO is absolutely not called for.
As I have mentioned many times this company is by far one of the best penny companies out in the penny arcade. We are in a very slow period - the summer doldrums. This period comes upon us every year. So, take a breather and relax.
I'm buying into this oversold and extraordinary opportunity.
Have a good day
varok
Good morning and Happy 4th of July. Now my take..........
I received a few emails on the current discussion about the foolishness talk about a R/S Split.
So, I will give my take on this foolishness and the talk about such action doesn't warrant with the current share structure for a number of reasons.
For a company to move from the OTCB to Nasdaq has requirements that under the current share structure of BLEG would never happen for a number of reasons.
Currently the share structure of BLEG is as follows. A/S 900,000,000 with O/S 793,496,116 = MC of $110,000.00
The share structure for BLEG is one of the most attractive numbers for any OTC company out here. Let me say this with complete certainty. The company will never do a R/S with these attractive numbers because they will do more damage than just the mystique of making such a very bad move on the shareholders psychic.
First the uplisting requirements:
1,250,000 publicly traded shares outstanding on the listing, without including shares held by the directors or officers of the company
Company’s stock listed at a price of at least $4.00 a share
At least 100 shares and 550 shareholders
Cash flow of at least $27.5 million in the last three fiscal years
Aggregate pre-tax earnings in the prior three years of at least $11 million or pre-tax earnings in the previous two years of at least $2.2 million
Now, the company will most likely increase the A/S before such a move and in my opinion the increase will have a neglectable effect on the whole of the corporate scheme of things but will allow a much-needed infusion of capital needs if and when it is needed and let me say that this scenario will happen sooner than not. I expect this will probably happen near the end of 2024. I'm talking about increasing the A/S.
Now, as you will notice from above, that the price has to be at least $4.00 a share. For the company to even remotely attempt such a move will wipeout its capital leverage to nothing and for a manufacturing company is a nonstarter to say the least and will basically cause a huge burden on the future aspects as a going concern.
So, before some of you start talking BS about this nonsense try to become more aware of the rules of the road and don't assume making (ass u and me) mentality approach.
This discussion is not in the current environment of BLEG for at least the next couple of years.
The company will need much needed capital and the Form-D recently mentioned was part of this, but it will become a major decision on the company's part and will resort to raising the A/S, but a R/S will never happen anytime soon or never and that I am certain of. The company needs capital leverage, and the only way is to raise the A/S and maintain the current structure to finance the growth aspect of the company.
Full Disclosure: I am a professional trader in these matters and come from a background in R/M. I know the playbook and I have not talked to the CEO or any company folks, but I can assure you on this thread that such talk is by no means in the cards for this company. Its basic business 101.
This company is currently going through the summer doldrums and is extremely undervalued and we will go much higher and my target of.01 stands to the end of the year. Yesterday's action was really quite positive if you noticed that the trades on .0013 were all buys and that was in the tune of 11m shares were bought up within minutes. Something is brewing and it's all good.
Got to get back to my building and today's barbequing.
Happy 4th!
Have a good day
varok
SEC Form D and Private Placements
Regulation D governs private placements of securities. A private placement is a capital-raising event that involves the sale of securities to a relatively small number of select investors. These investors are often accredited and can include large banks, mutual funds, insurance companies, pension funds, family offices, hedge funds, and high and ultra-high net worth individuals. As these investors usually have significant resources and experience, standards and requirements for a private placement are often minimal, in contrast with a public issue.
In a public issue or traditional IPO, the issuer (private company going public) collaborates with an investment bank or underwriting firm. This firm or syndicate of firms helps determine what type of security to issue (e.g., common and/or preferred shares), the number of shares to issue, the best offering price for the shares, and the perfect time to bring the deal to market. As traditional IPOs are often purchased by institutional investors (who then are able to allocate portions of shares to retail investors), it is critical that such public issuances provide thorough information to help less experienced investors fully understand the potential risks and rewards of partially owning the company.
Good morning,
I'm building a house on my mountain retreat so reason why I don't participate. I usually always take the summer off since the doldrums in the penny arcade is most prevalent during these summer months. It happens every year
I'm going to take a moment to address the current situation with BLEG.
I am very strong on BLEG and have not wavered from my optimism that this company is still one of the best business models with respect to the penny arcade against other companies. First, the downdraft of the share price is mostly the issue with shareholders getting the negative feelings and exiting out. I understand, this is preservation of capital. But we are not in control and the company isn't as well, regardless of what some may think. The company or the CEO is still on target with their assessment for the future and to blame the CEO for the current drag is not well placed. I don't want to hear BS or fluff pr's just to satisfy certain shareholders because the share price is not to their liking. We do not have the volume on daily trading, and it only takes a very small sell order to take it down and that is what is happening during this cycle. The MMs are in control and any small deviation or sell will drop this share price.
Bleg is a manufacturing company, so things do not happen on a whim, it takes time. The company held its open house and showed the public that they are proud of what they have so far. They have open contracts and other important things going on, we just need to give the company the benefit of the time and I'm willing to give it at least through the remaining 2024 Calander year.
We have the next quarter coming in August and should give us a better understanding where we stand, but I can almost assure that we will rebound after Labor Day going into the last quarter with positive.
This is a slow period for many pinky companies, and I am certainly not in panic mode, and I am adding at the low prices since we are now in oversold territory, and it is because of the low volume and some anxiety sells.
I do agree that the share structure needs to stay at this level and needs to be watched.
Enjoy your 4th and see you all after Labor Day.
Have a good day
varok
Full disclosure.
I bought into .0016 and sold all my other penny holdings for BLEG. I am now absolutely confidant in the positive outcome for BLEG and very optimistic for the remaining 2024 and will set a target for .01+ going into 2025.
I believe this is one of the best penny stocks for ROI. I mentioned yesterday the drop now we go higher. Count on it!!
See you all after Labor Day and enjoy the 4th.
Have a good day
varok
It's a buying opportunity RIGHT NOW! -.0016!!!
Have a good day
varok
Good morning,
Thought maybe I would come in to take a visit. Well folks, we are heading into a very unpredictable area. Things are about to get very interesting as we hit bottom. Most of what is happening is the summer doldrums and of course holders are getting slapped from every direction and are reducing their holdings. This issue has always traded on the thin side, so it doesn't surprise me we are getting hit pretty hard.
With that said, there are a couple of things you should keep an eye on is the share structure. As long as we stay within the structure as noted on the OTC we will prevail. However, for today's session going into the end of the first half of the year look for a major drop just to weed out the nervousness of traders as anxiety sets in and controls this action.
The algorithm is in control and will only negate any real substance since the realm of holders is on the negative side of the ledger and limited news from the company is giving the downdraft as we are seeing during this session.
This lack of excitement for this company won't come until after Labor Day so expect pretty much dismal volume, but I would caution on your emotion taking over. If one does feel emotional on the direction take some off the table. Incidentally, one should have when it went as high as .0028 and removed the burden mindset at .0022 and then ride out the summer with a comfortable position.
This is now in a territory of Hold and ride it out. Of course, for you folks that would average in wait and watch. You may be able to snatch up at .0015, but don't be too quick on your entry, since we have at least another 2 months of downward pressure.
Have a great 4th of July and see you all after Labor Day.
Have a good day
varok
Good afternoon,
We are having a strong volume for a Friday. Here is my opinion on what has happened with today's session. First let me say that Market Makers do not hold inventory they leave that up to us and certainly not going into the weekend. There are strict rules with the SEC on that.
When earlier this morning a slew of sells going off at .0001 in the tune of millions, then all of a sudden, the sells increased in individual count and 5th decimal picked up a few until there was a 75m sell at .0001 and the next trade was a .00011 buy in the amount of 75m. This was clearly a wholesale or nonretail. My guess that this 75m was the company's sponsor buying back the sale of 75m for 75m at .00011. Then there after the sale of .0001 all being bought back at .00011. This makes me believe that the company exercised the buyback today in the tune of over 125m total buyback.
This type of trading session has been going on since the company announced they are in debt reduction phase and probably within large volume days for greater amount, but still down between the .0001 and below .0002. It wouldn't make since for the buyback being at .0002 since the rational thinking is getting it at the least common denominator which is .0001 and the handling charge of the 5th decimal for the trading execution. In some cases, 5th decimal trading can and has moved to a click above the 5th for a retail acquisition, but in this scenario, it's going back to the company, thus debt reduction.
Waiting on the next financial cycle should have a positive on Innovative Outcomes subsidiary.
This is going much higher, but for now let the company buyback their excess shares.
Have a good day
varok
Yes, over 200m was in 5th decimal buys. This further implies the seriousness of the company's desire on debt reduction. This issue is going to be huge. Wait until the next financials.
Have a good day
varok
Well just glad to get a bid. I still don't see any real upside and certainly .01 or anywhere close to this is just not reasonable, but plain outrageous thinking. I've been doing this for years and there is only one way, and we don't need to discuss that remedy, but without it, 01 will never happen.
I thought for sure .0005 would be reasonable, but even now that seems too much of a stretch.
The bid allowed many to get out and I am one of them and moved my holdings into one I own but has a much better chance for major gains and is .0001 - .0002 and share structure is high, but the business model is just right. and buybacks or debt reduction is going on.
Have a good day
varok
Good morning,
Just out on the press release on this quarter financial. My crystal ball is working. lol
Just thought I would chime from my sabbatical on what to expect with the upcoming financials. Remember when the company announced that they are expecting around 5m$ for this 2024 Calander year and hopefully another nice round of debt reduction. Well folks, this financial will have a very good rev. amount attached to it and generally what I expected and the street as well. See folks, X is one thing, but having a X statement needs to be in stone/financial statement before the share price reflection and this will happen this coming quarter or the 15th. Then we should get an announcement on more buyback and one can hopefully read a good number. Since the 15th is Saturday, expect the release on Friday and we will have the whole weekend to elaborate on the positives.
We are moving in the right direction and many who have bought and held probably took some off the table in the last many sessions and now we have a bid and appears is holding up nicely. The momentum play will remove the ask up and move the bid to .0002 with high volume churning this will take out many bottom feeders for the next leg up.
This is our catalyst. Its subsidiary, Innovative Outcomes and MDM Wound Ventures will be the dominate factor with this current upcoming financial. It will be huge numbers and change the dynamics of this company. We should also get some indication on more satellite exposure in other areas from its subsidiary Innovative Outcomes.
We are on our way folks and things are beginning to get real.
We should get a positive debt reduction as well.
Have a good day.
varok
Good morning,
Let's look at MC and why that this one notation determines share price.
Every post that I write always has a point on MC and why this is so. In the pink arcade, companies are not assessed on valuation and other articulated accounting methods. Reason is quite simple, the companies that are traded, not all of them, but certainly the large majority are very unpredictable with respect of their business model and is the model a true representation of the company's existing measure on how it conducts its operating assets and liabilities. Answer is NO! The common denominator with most companies their viability is based on the convertible debentures or Equity financial means to stay in business.
Let us move onto BLEG:
This company has a real business model with real products. In the past, like most small companies have used Equity financial instruments to build their company's and establish a foundation that hopefully can sustain their existence on their own merits with respect to their business model. BLEG has done that and finally has elevated themselves to begin running the company on its efforts with acquired new contracts that can possibly generate in the millions and has put themselves on a growth path that is truly amazing for a pink sheet company. They have moved beyond Equity Financing and is able to conduct their business through internal sales and distribution channels for a growth path forward for years to come.
Currently the company has O/S of 774m and at a share price of .0025 gives us a MC of 2m$. Now, I understand some feel this is undervalued, and on the surface this is accurate. However, the most recent 1st quarter 2024 financial has revenue at $62K with assets at $3,215M and liabilities at $1.6m. When you look at this, the company is in a very favorable position when one looks at Risk/Reward. The debt is very low and assets within 3-1 ratio which is good, however, revenue is not within a notable reach and is the hurdle that the company and why the share price is where we are now with a MC of 2m$. Whether one like this or not we are at fair value. This is now!
Where are we tomorrow or what does the future hold for this company going into the 2nd and 3rd quarter of 2024. All current Revenue contracts are being written as this article or the middle of the 2nd quarter or today/current. The change in our share price will move on MC upon release of the 2nd quarter in July and the 3rd quarter and believe the 3rd quarter will be the real change to the share price. I believe with the current contracts being inked as we speak, will show up in positive numbers in the 2md and 3rd quarters of this year and the end of the last quarter will give us .01 share price and the 4m$-5m$ in recurring revenue for Calander 2024.
As the company releases announcements, we will get momentum movements in the share price with a gradual resistance level on higher highs. Until the official financials denote real numbers on existing contracts, the movement forward will be increments as in stair-stepping, but remember, momentum plays will always back track to fair value. The algorithm of level II is built in; thus, the control is in the hands of the market makers as denoted with a gap spread.
Between now at .0021 and .01 will become a reality as we move through the next 2 quarters as the current contracts deflect the rev. in their perspective financials and then the last quarter or the 4th quarter will get us into stability of .01 into 2025 when we will be a full growth mode with a company that has well establish network for sustainability. Remember, momentum plays will be in effect between these quarters as the company issues tidbits, but we will always move back to fair value.
The current trading session and why we are not moving is a preferred selling and not dilution, this too will end.
I will be out until after Labor Day since I will be on sabbatical for the remaining next 3 months. Welcome to the summer doldrums.
Have a good day
varok
Let's see here.
First paragraph: B S
Second paragraph: General to say the least but actually doesn't fully describe this issue.
Third paragraph: Not necessarily with respect to BLEG.
Fourth paragraph: Not necessarily as well. There are ways beyond raising A/S.
Fifth paragraph: Most likely will happen and is a good thing. The most honest statement made yet. However, you are still a basher, but got to admit better in your grammatical demeaner than others in your line of work.
Ok got that out there.
Have a good day
varok
Good afternoon,
Why isn't the share price moving higher.
Didn't the CEO mention on one of his X statements that he has no control on one of his preferred holders when they want to sell. Well, I believe this is what is happening today. The news is out, and the holder is selling into the news thus stalling out the share price. This isn't dilution, but just pressure on the share price.
It sucks and once this holder is done, we will move to fair value. The algorithm is based on this preferred and executes based on this and the trend is down for this session.
We will move higher, maybe not today, but it will happen, and I stand from my earlier posts a while back that .01 is in the cards
I'm adding here.
Have a good day
varok
I apologize for the tone of this post.
Some of you folks need to lighten up. There is nothing wrong from the company's standpoint. I understand the frustration, but geez people, stop with the could've, should've and would've BS.
The company is on a solid venture, and it does take a certain amount of time for issues to sink in, but the overall content coming from the company is very promising.
The share structure is absolutely on sound setting for us as we move forward. The company is giving us bits via X and backs it up with official Press Releases that are not fluff, but very sound business practices
We are going higher. Just too bad if isn't on some of your timelines, but higher we are going.
A solid buy opportunity at this level.
Have a good day
varok
Good morning,
Another great contract that will move the needle to excellent growth for the overall business model and should move us to the .005 range and above. Our MC with this should put us in fair market value of 4m$ to 5m$ giving us a share price of .005. Today will be a momentum day and should settle in at around .003+ and until we see official numbers (financials) on above and other contracts announced will put us in the .0045 to .005 range.
Bring on the next contract.
Have a good day
varok
I have decided to be part of the team and land my Ihub participation to the UBQU board as a moderator.
I believe the company has a business model that can generate the growth and ROI for shareholders in the coming years. The company's new business model after a few years of being in hiatus and recent announcements with respect to share buyback and the very promising business model has much to be noticed with shareholders.
Still much has to be done with respect to the share structure, but the company has shown with their large debt reduction of 1.7m$ is a decent step and hopefully more reduction will be placed.
I see in the coming weeks of major announcements and looking forward to the next financials.
Have a good day
varok
Memorial Weekend Newsletter - UBQU
Let's recap last week's trading session: The week was in a state of explosive volume not seen since 9/2022. The rebound brought on with renewed interest. Now, what sparked this interest? It started on the 24th with the company's comments reminding us on X about the dilution and no R/S. Now all that is fine, but these are X statements and can change, but one can be assured that when a company like UBQU comes out with a comment on these two very important matters tells the shareholders things are changing and they know they have a problem. We saw a bid that hasn't been there since 2022 and the close on Friday closed that gap. Will it hold, is still too early, but it does seem there is a change in the algorithm that is on our side. The volume was huge and what we can expect is a major churning that is long overdue.
One thing that we can be assured of is that many holders that have been in since prior to 2022 will exit out at .0001 and we witnessed this when we got a bid. This is a definite turning point and I believe the churning will remain until we stabilize and trade out the bottom feeders that have been in and are glad to at least remove some of their positions. This is a positive event. and very much needed to move forward. I believe the company is moving into a new era after the long absence and the most recent press releases has given the company a new lifeline.
Let's begin with the press release timelines that sparked this renewed interest. On Apr 23, 2024, the company mentioned that during its fiscal second quarter, an additional $700,000 of convertible debt principal and accrued interest has been eliminated from the corporate balance sheet. This brings the total convertible debt reduction over the past twelve months to over $1,700,000. The final numbers will be reflected in the company's financial statements filed with OTCMarkets.com on or before July 15, 2024. This was the catalyst that sparked the volume but wasn't picked up until last week. This event is always good news to shareholders and is a huge testament to say the least. Certainly, more needs to be done to offset this ballooning share structure but is a very positive beginning.
Now we move into the real substance of the company's business model. This is by far the most interesting aspect of the company, and I find this to be the absolute catalyst that will create the interest of investors for the remaining period of 2024.
On April 10, 2024, the company announced a game-changing initiative by its subsidiary, Innovative Outcomes. The addition of a “Clinic-Based” focus to its business model represents a new era of exponential revenue growth, with each "Clinic Model" poised to inject an additional one million dollars annually into Innovative Outcomes' revenue stream. Embracing the Clinic-Based Model, Innovative Outcomes has crafted a pioneering system tailored to empower established wound care clinics nationwide. By facilitating order submission, enhancing patient engagement, and streamlining clinical note transmission, the company positions itself as a catalyst for direct prescription facilitation through its dedicated personnel. This streamlined approach not only optimizes operational efficiency but also expedites insurance claim processing, ensuring seamless product delivery to the patient. Innovative Outcomes is aggressively forging ahead with plans to establish 3-5 models by the close of the 3rd quarter. Additional clinics are slated to be added by the end of 2024. The company anticipates an exponential rollout throughout 2025, cementing its position as an industry leader in healthcare logistics.
Each "Model" represents a significant revenue boost, estimated at one million dollars annually, increasing the company’s market share in the wound care segment of US healthcare. Kevin Lamb, CEO of Innovative Outcomes, expressed his enthusiasm, stating, "Our clinic-focused approach signifies a paradigm shift in healthcare delivery, elevating service standards and enhancing regulatory compliance. This initiative marks another pivotal step towards innovation within the wound care space, while realizing our ambitious goal of achieving our goal of $100 million in annual revenue."
On April 5th, 2024, announced that its subsidiary, Innovative Outcomes, Inc., has entered into a distribution agreement with MDM Wound Ventures to distribute its new wound debriding system called EZE Debride to healthcare professionals throughout the US, and beyond.
In the weeks coming we will get major updates and the churning out of .0001 will be awesome and needed but I see little resistance to .0005 once this is completed. Our current MC is 3m$, but as we move into the growth stage as mentioned above things will get really interesting.
This is a buying opportunity at .0001-.0002
Have a great Memorial Weekend.
See you all on the trading floor on Tuesday
Have a good day
varok
Memorial Weekend Newsletter - UBQU
Let's recap last week's trading session: The week was in a state of explosive volume not seen since 9/2022. The rebound brought on with renewed interest. Now, what sparked this interest? It started on the 24th with the company's comments reminding us on X about the dilution and no R/S. Now all that is fine, but these are X statements and can change, but one can be assured that when a company like UBQU comes out with a comment on these two very important matters tells the shareholders things are changing and they know they have a problem. We saw a bid that hasn't been there since 2022 and the close on Friday closed that gap. Will it hold, is still too early, but it does seem there is a change in the algorithm that is on our side. The volume was huge and what we can expect is a major churning that is long overdue.
One thing that we can be assured of is that many holders that have been in since prior to 2022 will exit out at .0001 and we witnessed this when we got a bid. This is a definite turning point and I believe the churning will remain until we stabilize and trade out the bottom feeders that have been in and are glad to at least remove some of their positions. This is a positive event. and very much needed to move forward. I believe the company is moving into a new era after the long absence and the most recent press releases has given the company a new lifeline.
Let's begin with the press release timelines that sparked this renewed interest. On Apr 23, 2024, the company mentioned that during its fiscal second quarter, an additional $700,000 of convertible debt principal and accrued interest has been eliminated from the corporate balance sheet. This brings the total convertible debt reduction over the past twelve months to over $1,700,000. The final numbers will be reflected in the company's financial statements filed with OTCMarkets.com on or before July 15, 2024. This was the catalyst that sparked the volume but wasn't picked up until last week. This event is always good news to shareholders and is a huge testament to say the least. Certainly, more needs to be done to offset this ballooning share structure but is a very positive beginning.
Now we move into the real substance of the company's business model. This is by far the most interesting aspect of the company, and I find this to be the absolute catalyst that will create the interest of investors for the remaining period of 2024.
On April 10, 2024, the company announced a game-changing initiative by its subsidiary, Innovative Outcomes. The addition of a “Clinic-Based” focus to its business model represents a new era of exponential revenue growth, with each "Clinic Model" poised to inject an additional one million dollars annually into Innovative Outcomes' revenue stream. Embracing the Clinic-Based Model, Innovative Outcomes has crafted a pioneering system tailored to empower established wound care clinics nationwide. By facilitating order submission, enhancing patient engagement, and streamlining clinical note transmission, the company positions itself as a catalyst for direct prescription facilitation through its dedicated personnel. This streamlined approach not only optimizes operational efficiency but also expedites insurance claim processing, ensuring seamless product delivery to the patient. Innovative Outcomes is aggressively forging ahead with plans to establish 3-5 models by the close of the 3rd quarter. Additional clinics are slated to be added by the end of 2024. The company anticipates an exponential rollout throughout 2025, cementing its position as an industry leader in healthcare logistics.
Each "Model" represents a significant revenue boost, estimated at one million dollars annually, increasing the company’s market share in the wound care segment of US healthcare. Kevin Lamb, CEO of Innovative Outcomes, expressed his enthusiasm, stating, "Our clinic-focused approach signifies a paradigm shift in healthcare delivery, elevating service standards and enhancing regulatory compliance. This initiative marks another pivotal step towards innovation within the wound care space, while realizing our ambitious goal of achieving our goal of $100 million in annual revenue."
On April 5th, 2024, announced that its subsidiary, Innovative Outcomes, Inc., has entered into a distribution agreement with MDM Wound Ventures to distribute its new wound debriding system called EZE Debride to healthcare professionals throughout the US, and beyond.
In the weeks coming we will get major updates and the churning out of .0001 will be awesome and needed but I see little resistance to .0005 once this is completed. Our current MC is 3m$, but as we move into the growth stage as mentioned above things will get really interesting.
This is a buying opportunity at .0001-.0002
Have a great Memorial Weekend.
See you all on the trading floor on Tuesday
Have a good day
varok
Innovative Outcomes is the catalyst. Expect this subsidiary to change the dynamics for UBQU and new announcements coming. This is our bread winner in the near-term. When the company announced this could be a 100m$ rev generator wasn't a minor jest.
We are closed on Monday, so see you on the trading floor on Tuesday and it's going to a great ride into June.
Enjoy your Memorial Weekend.
Have a good day
varok
Oh! One more thing. The algorithm is in our favor.
See you on the trading floor on Monday.
Have a good day and a great weekend.
varok
Good morning,
I have decided to make a play in this sand box. I see a run. How far is not certain, but I do sense a bid coming shortly. I also sense a good decent financial coming in June and news is on the way.
Now, I don't need to hear the usual BS from the naysayers since I heard all of it and my DD is pretty sound to say the least.
This is strictly a momentum play.
Have a good day
varok