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.
Glad to have you here, Laniemar! There's a lot of people on this board who talk, but less who put their money where their mouth is - both in the shares they own and the "work" they do in due diligence. As random as Caveman is sometimes, I appreciate that he was able to make a meeting with Boris work during his trip and post about it the day after :) There are upcoming milestones that I'm sure will provide more clarity soon.
Once Reg A is qualified by the SEC, they can submit their statement and file SEC reports, like Ks and Qs.
90 days + 15 day late ext for annuals is July 15th without being "late." COVID extension adds 45 days if needed, but not sure if that's onto the original due date or the already extended "late filing" date. So end of July -mid August is safe. The Q1 report will be due immediately following as well.
Lol he's unhappy on every board
Millions were traded in the 006-008 range, I suspect some are taking profit. I picked up some 66s & 74s myself, but those won't see the light of day anytime soon.
I really like the supply chain and cross selling opportunities they've created: fintech for exchange & payment processing, telemedicine rehab app that can utilize the payments, Alt Asset Investors app & club, digital storage in Switzerland. Multiple opportunities to integrate the businesses for organic growth. They've done the same thing with MeinMotor & DHE for refurbished engines and the car parts. And of course the agribusinesses, hemp, commodity trading, etc. When the deals are announced, they can sometimes seem random. But there's a definitive strategy here, and I like it! $AXXA
“We expect the platform to process $5million (USD) in financial transactions during the 2nd Qtr (Jul-Sep 2020).“
4% each transaction would be $200k to the top line for that quarter. Plus it sounds likes there’s lots of ways they’ll take fees.
Revenue starting in July
Relax. OTCM wouldn't have removed it before May 16th at the earliest anyway bc of their 30 day policy. And the company's had a couple small items to clarify since then, so where its at is not unreasonable at all imo. Give it another 4-5 business days, max.
https://www.otcmarkets.com/learn/caveat-emptor
Its coming, guarantee you. Bank on it.
Obviously I agree Reg A is important, and it WILL happen, but keep in mind it is dilutive (at .03, but still, its an offering to sell shares). From what it seems, yesterday's news is non-dilutive to us as shareholders, and may come with an added bonus.
I feel like so many keep missing the point, at least as it makes sense to me. Its not as much about the shares we'll receive or buy in the spin-off, its that they found a market that will pay them MORE and QUICKER to do what they've already been doing. In trading terms, $AXXA found a nice trade setup.
Re-read it. Institutional buyer for the first asset. That becomes seed money for more acqusitions. Smart, it avoids dilution to AXXA. Then sounds like auditing an asset BEFORE it is acquired. Also smart, means no delay and easier to comply with SEC reporting.
Book value on the $48m real estate assets alone translates to .06-.07 pps, let alone the .26 implied pps on the full $180m assets (using $110m shareholder equity & 419 m OS).
The OTC almost always prices in a disproportionately big "risk discount," because, well, it's the OTC. But as we can see, that's starting to change here. What a lot of folks seem to be missing is the upside regardless of what auditor comments show.
For example, lets say the global economic environment gets worse and worse, and so bad in fact that auditors suggest 50% write downs on every single asset on the books because fair value is so far below carrying value. The company is so diversified that this has essentially no chance of happening. And even if it did, everyone else would be so screwed because the world was ending that it wouldn't matter anyway!
My point: even in a total global doomsday scenario with 50% haircut in value, book value would still imply .05 pps (90m - 69m) / 419m OS.
So guess what? There's incredible upside here in my opnion no matter what audited fins show, because the risk discount can't stay as big as its been when there's certainty - especially when it shows $180 m+ in assets.
You're the TA wizard here, but trading thin like she is with a close above the 200. Perhaps an 02 re-test tomorrow?
That's on you then. But I get it - misery loves company. Maybe form a support group? I think that's just the ticket that'll help you take accountability for your trades.
Because the question asked & answered was not about audited fins. Sheesh.
Indeed
Do you see me complaining or concerned? I know what I own and shoot straight with everyone rather than playing the typical game here. What about you?
You had weeks to load 006-009 and now you're complaining about the base being built 80-120% higher than two days ago on record volume? GTFO!
Probably a small formatting issue, OTCM is really picky. Like how yesterday's filing includes disclosure notes just like one from 5/15, but the title says "Quarterly report & notes" instead of just "quarterly report" so they know it has everything in the same doc and aren't waiting on a separate disclosure doc. There may be something else, but it can be weird little stuff like that unfortunately. $RNWF
Trying so hard with the FUD. If you were paying attention, you'd see that Emotional Joe dumped some to play a hot one because he got tired of waiting.
I'm here :)
Here's the fundamental difference bewteen us: you only look at what's right in front of you, hence "trash." Thankfully, I don't see the world the way you do, and thus, have uncovered my contributions to the cause which will also bring six figures in profit by next year or sooner. "One man's trash..."
I know who dumped, and it most certainly was retail. If you follow enough pumpers on Twitter you can figure out who it is, he's been on a Xu ticker hard this weekend.
A technical trader probably decided to take profit and reload, knowing the uptrend stays intact with an intraday bounce off the 50. Not me, however, as my 6 mil are locked for much higher.
Think we can touch the 200MA on the daily and the 50 on the weekly? ;)
Seeing the annual report with that seven letter word at the top will be great, yes. But all the resources are already there for you, man. Or were, until bridges were irreparably burned.
https://i.imgur.com/ghCrPkv.jpg
You really doing this again? https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154101011
I have yet to see YOUR research, I really do want to see it. Maybe get that ex girlfriend accountant of yours on here!
Staying stable last few days. Folks know those shares are already in the float, its a non-issue now. A quick look at the data shows 28 million shares traded in March with a price decline from .011 to .0045. The 5/1 TA update shows no shares added in April. Pretty clear. $AXXA onward and upward!
Nice, same as last month, no conversions. $AXXA
SMH. We're lucky that you're here to remind us of such urgent & relevant data while you wait for your shares on the bid. LOL!
$AXXA. Highlighted part = State approval. Sounds like onto addressing SEC comments with an amended 1-A now.
https://i.imgur.com/UDOKO5q.jpg
A notice of qualification is what will be issued. From the SEC website:
"Regulation A. Regulation A is another exemption from registration. Under the exemption, a company must file an offering statement on Form 1-A on EDGAR. The SEC staff may review Forms 1-A for compliance with disclosure obligations. Only when the staff has qualified the offering statement may the company accept payment for the securities offered. However, the filing itself does not mean the offering has been qualified by, or registered with, the SEC. Qualification does NOT mean the SEC has approved the offering.
How to determine qualification. You can review the filings made by a company on the SEC’s EDGAR database. Please review our guide on how to use EDGAR. A filing with the form type “QUALIF” indicates a notice of qualification has been issued with respect to the related Regulation A offering statement."
Nice to see ya here, Kev
Agreed, but I still see people on Twitter spreading it, whether blindly or on purpose.
$RNWF does NOT have $10-20 mil revs or 49 employees. I’m just as curious as everyone what Carey Cooley is going to do with the company. But let’s be clear - the DD that’s been circulating about millions in revs for $RNWF is incorrect. Not sure if it was an honest mistake from excitement or maybe an intended pump by the original poster (who goes by “OTC Merger Specialists” on Twitter).
https://ibb.co/DLMPmB6
https://ibb.co/wBPYmFK
You too, huh? ;)
OS 419. You were correct in your thinking. So we can move back up.