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They have to be about to release something. There is zero chatter anywhere to justify the volume. Looks like a lot of arranged purchases. I think we all know what comes next.
CNGT!!
Guess I should clarify, these links were all added to the Availa website. Some have been around a minute but have not been marketed heavily. I suspect that is about to change.
CNGT!!
Official Silverpro site
https://gosilverpro.com/
CNGT!!
New Cannaworx product websites...
https://canagel.com/
https://g65318.wixsite.com/kidzstrips
https://g65318.wixsite.com/mysite-4
CNGT!!
Recommerce rebranded, they added supply chain technologies to their name. The new website looks sharp. Sanguine/Recommerce to submit settlement status before EOM.
http://www.recommercegroupinc.com/
Remember there was a large pass-through loan made to Recommerce on the condition of them merging with CNGT. The second LOI was announced just weeks after the Sanguine lawsuit. The last thing said of the acquisition of Recommerce was that the companies were continuing to negotiate. The case was settled 18 days ago and the court is waiting on confirmation.
So am I!
Even if the merger doesn't happen we may see a huge liability wiped off the books.
CNGT!!
They are locked down tight. I had a back door but no more. Still holding a healthy position, just waiting it out. Jim Morrison is involved, that's enough for me to hold. 10-K due in a couple days. Maybe get something there.
CNGT!!
Seems a little disrespectful to Isaiah Thomas to be at this PPS considering he just dropped $3 million at .15.
OWPC!!
That was a good read. I was in a poker tourney and brushed it off as some general write-up yesterday. It gave some good perspective on what this software is and how it could "fill a void" as Bruce stated. I think the time at Recommerce location was about integrating and testing the technology as much if not more than an acquisition, though I do think that is very much still a possibility as Sanguine is still set to report back to the judge on the status of the settlement, indicating an action needed to be completed. Releasing this article now and by Bruce on AFX's behalf has my antennas up. Not that it makes much difference to me, already loaded.
CNGT!!
I would assume executive or service compensation as 10 of the 13 million are restricted. There was still an executive compensation agreement pending for Jim Morrison, could be part of that.
CNGT!!
Good to hear. As long as Jim Morrison is here I'm holding tight. I may not know the specifics of what's about to happen but for Zimbler to give up 345,000,000 shares as well as reducing his voting power to under 20% tells me he sees a whole lot of value here and he has a much clearer picture than I do.
CNGT!!
Gietl didn't leave. He's still here as well. This is similar to him holding the CEO position in both Availa and Cannagistics, which is now one and the same.
This looks like a potential partnership or holding. Their immune work is similar in the method of operation of what the fragmented peptides showed in the Immunazin product here as far as modulating the immune response.
In addition, cannabis extracts downregulate the expression of receptors for SARS-CoV-2. Furthermore, some cannabinoids have an immunomodulatory activity that can mitigate the uncontrolled inflammatory response known as the “cytokine storm”, which is a feature of the most severe COVID-19 patients.
Since cannabinoids have the potential to limit the severity and progression of COVID-19, Pascal tested compounds in a cell-based assay. We found that one of our lead cannabinoids inhibits SARS-CoV-2 growth on primate cells. Significantly, the potency of the cannabinoid in this assay was similar to that of Remdesivir, the only drug authorized by the FDA for emergency use in COVID-19 treatment. These initial observations have illuminated the path toward rapid validation of cannabinoids in additional cell-based assays, in animal models of the disease and, ultimately, in human clinical trials.
The company has already received a grant from the NIH, that's Fauci's Organization.
The other thing noted was their partnership with Sorce Technologies on developing this product. Sorce is a private ingredient manufacturer, just received 5 million in funding, and is right in line with the supply chain concept of Availa.
If these cannabinoids showed results equal to Remdesivir, I am wondering if adding fragmented peptides into the mix could increase the efficacy even beyond that.
Like I keep saying, A Fortune 500 CEO like Jim Morrison does not show up in an OTC stock for no reason. I think there is a whole lot to come.
CNGT!!
Looks like Rob Gietl has a new position. Interesting. Remember, he came into Cannagistics from Availa Bio and ultimately ended up bringing the two companies together. The company he was with before had several acquisitions and ended up getting bought out.
https://www.biospace.com/article/releases/rob-gietl-joins-pascal-biosciences-as-new-chief-executive-officer/
Lots of talk about partnerships. Haven't looked into the company yet. They seem to be at a different level of biotech.
CNGT!!
I think 5 leaf labs is a given as well. They are already touting proprietary nano emultion, they line up with were Cannagistics planned GMP facilities were to be located, and they added something else on there site, that they were working with a university on product testing, which would align with Cannaworx's contract with LSU.
Hopefully, just a few more trading days to get to the other side here and get a clearer picture
CNGT!!
Thanks for the update. Hoping Du Purton was working to protect his invest here. If the "concept" of Availa, that Jim Morrison said is what made him get involved, is anything like what the Unified Cannabis idea was, then we are looking at multiple acquisitions at all levels of supply chain coming after the R/S. Recommerce would fit in well and with Jim Zimbler being a principal in Recommerce it still seems likely, at least to me, that the companies will come together.
CNGT!!
I didn't see that Sanguine had filed a motion to adjourn on Monday. That would likely mean nothing will happen today. The joint status letter being demanded by the court is due October 1st. That may reveal more.
The reason I even focus on this case is that I suspect that Sanguine may be acting not only on behalf of itself but CNGT as well to put pressure on Recommerce to accept the LOI with CNGT as a partial solution to the suit. With the passthrough note that Sanguine lent to CNGT and that CNGT then lent to Reccomerce being still on the books, it would be very beneficial to Sanguine for the acquisition to take place.
CNGT!!
Keeping an eye on the Sanguine vs Recommerce case the 29th. Both entities are related to CNGT. Part of the reorganization deal with Availa was that Cannagistics' liabilities were under $50k. The only way that could happen is the $1.2 million pass-through loan was settled between Recommerce and CNGT, and then between Sanguine and CNGT.
Robert Du Puton is the sole owner of Sanguine and the pass-through loan is convertible at .028 yet he didn't convert anything during the many months that we were well above that price. He hasn't converted any of his shares in OWPC either which are all unrestricted at this point.
I would assume we will get a much clearer picture once the R/S is done. Jim Zimbler has handed over the reins. Should be moving from development to execution stage over the next few months.
CNGT!!
I think this new law going into effect on the 28th is going to have a very positive effect on current filers. This law effectively consolidates the focus of OTC traders. Availa may be coming in at a perfect time, aside from the regular seasonal surge.
CNGT!!
Rather see federal decriminalization stuck in the defense bill but moving in the right direction for the sector. Step by step.
They said they were mailing out the 14C on the 15th, on or about. The 20 calendar days SEC requirement would put a potential effective date as early as the 5th of October.
The last word on Recommerce was that it was set to close on or before but no later than May 15th. 3 days after that deadline CNGT added Global 3pl Logistical Technologies and that new subsidiary was 8k'ed 3 days later on May 21st.
CNGT!!
Capitulation definitely happening right now but the accumulation line is the highest it has been in 6 months. Folks are buying on the bid for the most part and letting folks take their losses.
I saw all I needed to see in the DEF14C...
"Availa Bio, Inc., Mr. Jim Morrison, is the CEO/President, is a publicly-traded corporation and hold 3,500,000 shares of Series F Preferred Stock of the Corporation"
If Zimbler hadn't relinquished control, I may have jumped ship myself but Morrison makes it fairly easy for me. The guy's record speaks for itself.
10-11 trading days and the big boogyman is behind us.
CNGT!!
Fiscal year ended July 31st, 10-k is due at the end of October. No required filing unless they need to 8-k.
CNGT!!
The large-scale extraction machine from United Science can process up to 10,000 tonnes a day. That is scalable! Just like the 140 acres secured with an exclusive contract, in addition to the 30 acres owned, Thomas is setting this up for major operations.
https://www.healtheuropa.eu/united-science-product-manufacturing-cannabis-and-hemp-processing/97316/
Good article on Colombia's approval of dry flower export and what it means for the Colombia cannabis market.
https://www.cannabisbusinesstimes.com/article/colombia-export-dried-cannabis-flower/
"Colombian think tank Fedesarrollo sees export revenue from the cannabis industry bringing US$800 million by 2025 and hitting an average of $2.3 billion in a decade hence."
“The growth potential is enormous. I cannot provide an exact figure, but companies were awaiting this announcement to prepare their crops and organize their business plans,” Arcila told CBT.
This is definitely time to build a position. Really common sense when the CEO just bought 3 million dollars worth at .15.
OWPC!!
A couple of things I have never seen before here. The restructuring to a holding company and all that was involved with that and seeing a former fortune 500 president come into a penny stock are both firsts for me. The latter is really the reason I am feeling confident here.
Anyone who knows me knows I do my research and that definitely applies to any management. I have never seen anyone even close to having the record and legitimousy of Jim Morrison.
Morrison looks sincerely excited about Availa. That is why I said that every shareholder here should watch the video of his discussing Availa with PBI's CEO. I don't think this guy is going to jeopardize his legacy by being part of some pinky BS. That's why this R/S is not as big of a concern for me as it would be in other OTC companies. I understand that Morrison is going to want this on the big boards. Setting this at 1 for 40 instead of the original 1 for 100 tells me they expect they are going to be able to get this to an eligible PPS level from the .50 it will start from. The other thing the 1-40 does is keeps this from an immediate short attack post-split as the 1-100 would have given a price that would allow shorting. That to me is putting some thought into shareholders and a good sign. A real leader of a public company is not singularly focused on growth but also on protecting the shareholders' value. That is far from the typical OTC CEO that often has no concern for either and only looks out for themselves.
CNGT!!
As it stands right now we will have an O/S of 4,739,039 shares.
2,622,602 unrestricted and 2,116,437 restricted
The 145,000,000 shares that were "deemed converted" to both Rob Gietl and Solid Bridge Investments really can not be assumed to convert as they haven't and are not mandated to do so.
Interesting to read the legal meaning and reasons for deeming a preferred share converted. One thing it does is takes away any preference for the shares. From the point, they are deemed converted they are considered as common shares whether they are converted or not.
https://www.lawinsider.com/clause/deemed-conversion
I'm rooting for them to stay non converted but if they do convert they will be restricted for 1 year.
Either way, it is going to be a micro float which from my experience can make some incredible moves, especially when this is so undervalued.
CNGT!!
Look at his post with the pic of his laptop and energy drink. If you zoom in and look at the computer behind the laptop you are going to see a whole lot of keywords. Trucks, cargo, drivers needed, etc.
We know he was looking to come here when the deal with Recommerce was about to close and he did not hide his frustration well when it didn't happen.
Looks like something is about to happen now, and it looks like it is logistics-based.
If they are still looking to bring Recommerce in that would add a ton of value here. Even if they are planning a spin-off Zimbler was looking at a public corporation, possibly 10451029 Canada Inc which shared the same address as Cannagistics for over a year, and giving dividend shares to existing holders of CNGT.
This would be a good time to do a spin-off as they would be rewarding the longs who have stuck rather than a bunch of OTC flippers.
CNGT!!
It is, isn't it? I have been quiet for the most part because I have been picking up shares daily for a while now. Not easy! I was almost 2/3 of yesterday's volume. Not concerned with the split coming with the current valuation/market cap where it is.
I keep checking my mailbox for the PRE14c. From past experience, the physical copy usually comes a few days before execution. I think all the good stuff is on the other side of the split but maybe they will surprise us.
CNGT!!
Availa Bio is now the largest shareholder so I would look to that business as the primary focus here. The logistics software is still part of the company and there are 2 subsidiaries focused primarily on that but as of now, any logistical advantage would likely be used by the company and partner companies. A spin-off has been proposed in the past. I would not be surprised to see Zimbler give up shares to spin out and start a logistics company.
SkinScience is the active subsidiary of Availa but the intentions are laid out on the website.
Availa Bio, Inc.’s proprietary process uses proven technology that creates true oil-based products soluble in liquids. Since we use pressure, not additives, like chemicals, it can deliver a safe, efficient, and scalable method to make true water-soluble Hemp/Cannabinoid beverages with no toxicity. Additionally, since the product is emulsified, it dramatically increases the absorption rate into the human body. The markedly increased absorption rate makes it significantly more bioavailable, giving it a greater medicinal effect and significantly longer stability. As a further added benefit from achieving emulsification, the size of the droplets is small enough, which eliminates nearly all discoloration. Achieving high absorption rates and bioavailability allows manufacturers the ability to significantly reduce their raw material costs.
Target Markets
Hemp/Cannabinoid oil manufacturers
Hemp/Cannabinoid infused product
Select manufacturers of: Beverage/Food
Topical pain creams
Cosmetics Industry
Edibles and tinctures
Pharmaceuticals
There is a pretty direct link here to the CBD/THC supplier One World Pharma which is currently constructing a GMP lab and processing facility in Columbia that will be able to provide base ingredients for everything that Availa is looking to target. There are a couple of investors substantial enough to be listed as shareholders in both companies but the primary ones are Carlos Defex and Veronica Defex of Solid Bridge Investments. They sold the 30 acres of grow assets to OWP and then came here to set up distribution channels in the EU. According to CNGT filing, there are 2 customers ready to go in the EU already and OWP is expecting full GMP for the EU upon the completion of their facility.
Interestingly, OWP had postponed the investment into the construction of this GMP processing facility but the initiation came right after the reorganization with Availa. They also said they were in talks with a company on infusing beverages with THC/CBD using a new emulsification process. That was in their investor presentation.
It has taken a while but it looks like it's coming together. Like I keep stressing, you do not see a fortune 500 executive come into an OTC for nothing. There is meat here.
CNGT!!
That company is a good example of how fast this can change. Very similar setup as OWPC. They just finished their Facility in September. Did 100K in 2020, then 2 million in the first half of 2021, and projecting 9-11 million for the second half and that's before this quota.
We are getting very close to starting our move. Multi-dollars here within 6 months, no doubt in my mind.
CNGT!!
No way they could have pulled in Morrison unless there was a very solid plan in place. Just don't see fortune 500 executives down here which makes me believe this won't stay down here for long.
CNGT!!
When you look back at the history you can see how the earlier LOI with Cannaworx likely lead to the current acquisition. Even though the merger was not completed the first time, Zimbler picked up some rights from the LOI, and that was mentioned several times afterward. This LOI with Recommerce allowed the two companies to merge the SaaS software that G3PL had with what Recommerce has been using. The fact that the updated data on OTC still shows the address of the executive offices at the Recommerce address is telling, especially when you consider the size of that warehouse and the fact that CNGT said in an 8k that they are not paying any rent to be there.
I do believe we will see more of Recommerce, likely after they settle the legal issues with Sanguine. What's really had me going is Pressure Bio referring to Cannaworx as a "planned merger partner" just a couple of weeks ago and after the reorganization with Availa and also after CNGT transitioned to a holding company.
The last 8k PBI put out in reference to LOI with Cannaworx has some interesting wording. One thing that stood out to me was saying that Availa and PBI would look to restructure the deal to meet the intentions of both companies. This was after releasing Cannaworx to allow a change in controlling interest. It was shortly after that that CNGT started restructuring as a holding company and now the acquisition and reorganization giving Availa the largest voting block.
I think any investor here should review all the press releases from PBIO when they were in talks with Availa and Cannaworx. The video with Jim Morrison and the CEO of PBI is definitely a must-watch.
I think we are going to see some major moves post-split.
CNGT!!
I really think the companies were planning on coming together but needed to restructure as a holding company first to have greater control over assets and liabilities, etc.
When I looked into a holding structure company the benefits were many. It makes acquisitions much easier for one but one of the things that might apply here is the debt that PBI has. It is fairly substantial, I believe about 12,000,000 in notes or more.
Had Availa just acquired PBI directly as originally intended they would have had to take on that debt as well.
It is different when a Holding company takes control of a subsidiary though. They are not bound to the debt in the same way and they can actually move debt around within the holding structure.
Say the main company reaches profitability. They can actually move debt from a controlled subsidiary to balance the tax burden.
Like I said I don't have a full grasp on the holding structure by any means but I think it has a lot of relevance to what is going on here.
Hopefully, we get past the R/S as quickly as possible and get to the good stuff.
CNGT!!
I would love to see these companies come together under a leader like Jim Morrison.
The biggest issue in so much of the benefits of various nutrients is absorption. It has always been a major issue. The testing from PBI so far has shown not only reducing the size of the molecules but the molecules maintaining all their properties. 1-year stability for CBD and astaxanthin.
This has massive potential and really just at the very beginning.
I don't really understand the Holding structure and all the reasons this was so important but I believe this is a large plan that has been unfolding.
PBI said it, clear as day, just a couple of days ago. These companies are still planning on merging.
CNGT!!
Still referring to a merger/partnership with Cannaworx.
That's just a couple of days ago.
Was this all about using CNGT to establish the holding company structure and now they are going to bring it all together?
8/27/21
Cannaworx Partnership Leads to Cannabis-Based Health and Skincare Line
PBI’s pending merger partner, Cannaworx, has already successfully implemented the UST platform in the production of a growing line of hemp-based wellness and skincare products, including the December 2020 launch of ImmunaZin™, a proprietary blend of 44 amino acid fragments in a hemp oil emulsion that helps stimulate T helper cells in the human body — the cells responsible for doing the work of your immune system.
Together, the partners have worked to acquire additional product lines, like SkinScience Labs and Five Leaf Labs, in their effort to launch new health, wellness, and skincare products throughout 2021 and expand their distribution network.
CNGT!!
PBIO, talking about partnership in PR today.
Reg A is wide open. Buy at .0005 dump for what you can. 8.7 billion when it's done but the company will have 1.5 million in cash from it and likely an acquisition coming after. Good to live in Georgia for this one!
I have not had to change the shares structure in the Ibox for what seems like 6 months. Updated again with no change. Many of these small "initial issuance" loans have not converted anything. I know it says these can be applied towards shares in the coming Reg A according to the filings. It's just interesting that despite be able to make a quick buck by these lenders none did. It's all retail dumpers, well that and accumulation buying at 6-month highs as smart traders stock up.
I like the decision to pull back on the R/S ratio. Pushing past the $1 mark inevitably seems to elicit a short attack, just because they can drive it down and accumulate low before news starts coming.
Measley 2 million cap. Really an extremely low risk to return here, IMO. Wish I had more free funds.
CNGT!!
When the Columbian government gets its head out of its ass and opens this country up it is going to be an incredible boom. I think they are getting closer. The political pressure alone is creating a tax need and this sector could provide billions if they just relax a little and let it happen.
Approving flowers was a big move.
I judged OWP for being a bit slow, hesitant it seemed to go all-in here but I think they have likely just been prudent. The commitment now for a large-scale facility and investment in processing equipment tells me they have some reason to be confident in the direction the government is going.
Looking forward to the next few months. Hopefully, a huge late fall and spring move coming.
OWPC!!