"Before you embark on a journey of revenge, dig two graves" -
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$MJWL - from the P&L statement:
Net Profit / (Loss) 3,704,195 for the last 6 months of the year.
$BOXS - important reminder - they are filing on SEC.gov -
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001487718/000121390022016728/f10k2021_boxscorebrands.htm
it means they are following SEC rules for becoming OTCQB status. This includes audited financials which is different than the requirements for OTC pink.
$BOXS - a stock needs all kinds of traders, those that flip for a few pesos will provide shares to someone else at a higher price, meaning a new base.
I began buying in December of 2020...I can wait.
"The stock market is a device for transferring money from the impatient to the patient." -- Warren Buffett.
$BOXS - agreed!
$BOXS and that is just the tip of the iceberg.
The world uses 22 terawatts (1 terawatt = 10 trillion watts) of energy per year. (note: estimates on this range from 18 to 23 tw, I chose the higher range of the estimates)
173,000 terawatts of energy hits the earth continuously from the sun (solar)
The estimates for how many terawatts the world uses of electricity is somewhere in the 22 terawatts range (annually). And so it would take an estimated 62 bn solar panels (350w each) to power the earth.
That would mean approx 138k sq. miles of land for those panels.
To put that in perspective the U.S. has 3.8 mil sq miles of land.
The drawback is "storage" and that means batteries. I saw an interview with Elon and he said that with something like 6 giga-factories he could make the solar panels to power the world. He didn't say how long it would take to make them just that it could be done.
But "storage" is the key because every location (homes) uses more energy in the first few hours of sunlight and the last few hours of sunlight and that means we'd have to store the energy that we harvest during the day so that we have it at night and in the morning...and that means batteries.
And if you don't think that $10's of billions are being poured into battery development, to improve efficiency (Energy per unit volume, also known as volumetric energy density) just do a search on how much investment dollars is being put into battery storage.
Forbes estimated that "energy storage" investments would hit $640bn by 2040 estimates for investments in energy storage for 2020 is approx $4bn. That means a lot of growth ahead.
$BOXS is in a good spot.
$BOXS - a few numbers to show the potential:
2019 - 92 mil vehicles manufactured worldwide, of those, 2mil were EVs
2020 - 78 mil vehicles manufactured worldwide, of those 6.4 were EVs
As the major vehicle manufacturers commit to an all EV environment, think what that means... for 2020 that means another 71.6 mil vehicles that need batteries, per year, and that was during the pandemic. see 2019 above for how many more could be needed.
The world's largest manufacturers are pouring $bns into EV production, Toyota (#1) announced $70bn worth of investments for EV production and will have an all EV lineup by 2035,
VW (#2) stated they will have an all EV lineup by 2035 and announced that they will invest $100bn to make them the world's largest manufacture of EV vehicles in the next 5 years.
GM announced $35bn between now and 2025 on EV production
Ford announced $20bn in Feb and by March that number was $50bn, through 2026.
A lot of upside for any company producing components for batteries!
$BOXS - Agree with your assessment.
From the 28th announcement.
The balance sheet inherited by the Company’s current executive team, included weighty and expensive debt in the form of convertible promissory notes. However, as of March 24, 2022, management has successfully eliminated all its outstanding variable rate notes, which contained the most dilutive features, and remains committed to removing the remaining legacy debt.
Since Andrew acquired control of $BOXS, he has taken on some new notes and at some point, those noteholders will want to, at a minimum, get back the Capital they provided as a loan.
But he notes that the "convertible promissory notes" have been "eliminated" as of the 24th of March.
A very good sign indeed.
MJWL - patience, here are a couple of reasons this could be taking time:
1) It is still showing "Promo" tag on the stock. That usually invites scrutiny from OTC Mkts.
2) First audited fins should arrive with the filing
Both of these can cause some delays. Doesn't mean the tires fell off the truck, just means a few more days to accumulate. Every time I get impatient I remember a Warren B. quote:
“The stock market is a device to transfer money from the impatient to the patient.”
Warren Buffett
BoxScore Brands, Inc. Retains Global Leader RESPEC Company as its Geotech, Engineering and Resource Management Partner
March 30, 2022 08:30 ET | Source: BoxScore Brands, Inc. - Globenewswire
LAS VEGAS, March 30, 2022 (GLOBE NEWSWIRE) -- BoxScore Brands, Inc (OTC Pink Current: BOXS) (“BoxScore”, the “Company”) a U.S.-based renewable energy company focused on the extraction, refining, manufacturing, and distribution of precious technical minerals, announced today that they have retained RESPEC Company LLC as its Geotech, Engineering and Resource Management partner to assist in the exploration and development of its Lisbon Valley properties.
“As announced on December 14, 2021, BoxScore obtained a technical report summarizing high lithium potential wells in our focus area. With that encouraging information, we began developing detailed plans to verify and demonstrate the presence of high potential brines. We spoke with several leading and experienced Geotech firms, ultimately providing our detailed scope and requirements to two top industry organizations. After reviewing for scope, timelines, costs, and interviewing subject matter experts and qualified persons in not only this field but also those familiar with the western United States, we enthusiastically selected RESPEC. It was also helpful that members of the BoxScore technical team have had prior experience with RESPEC on other comparable projects,” stated Andrew Boutsikakis, CEO of BoxScore Brands, Inc.
RESPEC provides services to the mining and energy industries from grassroots exploration to operating mine-settings. They provide geological services, drill program design, full procurement drilling and well completion to various brine and disposal projects. With more than 50 years of experience in service to the mining and oil and gas market worldwide, RESPEC provides unequaled experience for developing the Lisbon Valley properties. Their team in Grand Junction, Colorado is close to the project area and has performed extensive geological and engineering work in the Paradox Basin stratigraphy.
BoxScore believes that there is substantial long-term demand for specific commodities, referred to as “tech minerals” related to battery and new energy technologies. In partnering with RESPEC, the Company is now well-prepared and engaged towards its goal of becoming the lowest cost, most efficient, and technologically advanced company producing tech minerals and other correlated metals from high potential brines.
Leveraging the expertise of RESPEC, BoxScore is now focused on several initiatives, including:
? Advancement of Geotech, engineering, geology, and fieldwork to complete Technical Reports on the Lisbon Project.
? Understanding Lisbon Valley brines, on and around owned leases.
? Develop a well plan to re-enter, sample, and test the “Superior Well” that has a historical lithium concentration of 730 ppm (parts per million).
? Enter other prospective plugged and abandoned wells, taking brine samples and performing hydrological testing at each identified high potential zone to evaluate the properties of the clastic formation.
? As information is advanced, prepare technical reports following the NI 43-101 Standards of Disclosure for Mineral Projects, initially a Preliminary Economic Assessment (PEA) and longer term, a Preliminary Feasibility Study (PFS).
? Test the collected brines for lithium, but also for previously identified high value elements such as cobalt, manganese, magnesium, and suites of metals in the alkaline earth metals, transition metals, and halogens group.
? Potentially, due to high demand, an assessment of Lanthanides and Actinides element series from the extensive historical information from oil and gas, potash, copper, uranium, and recent lithium investigations.
? Based on the results of the Superior well, develop area resource estimates.
“We anticipate a strategy of employing advanced brine extractive technology methodologies and have been in talks with numerous extraction providers. As expressed in many industry publications, we believe that selective extraction, from the area brines, is clearly the most cost-effective approach. Technologies are being developed that can extract the desired minerals and metals, without removing the salts. Thus, we will pump high volumes of brine, extract, then re-inject the brines. We have provided them with analytical results from the technical reports, but will soon provide current results, analytical, Geotech modeling, aquifer modeling, recharge, flows, and depths,” Boutsikakis added.
“With the historic and fresh brine sample results, we can send this to top selective extraction companies, so they can design more specifically for our area based on, approach, depths, brine volumes, target minerals and metals, total dissolved solids, brine handling, re-injection and more.”
ABOUT RESPEC
Founded in 1969, RESPEC is a global leader in integrated technology solutions and consulting for mining, minerals, and energy. RESPEC has 28 offices throughout 13 US States and 2 Canadian provinces. RESPEC’s unique team of distinguished experts in geoscience, engineering, and technology offers mining and mineral clients the expertise to maximize project returns while respecting the economic, social, and environmental well-being of a community. RESPEC’s Mining clients include mining companies, investment banks, and law firms, as well as U.S. state and federal regulatory agencies and foreign governments, creating projects around the world. For more information, visit: www.respec.com
$MJWL - probably someone with shares to lose
And definitely not an institution or experienced investor, they know how to move shares without generating a promo flag. The other detail that says it was a small fry is that the "Avg Vol 4,677,222" and it rarely traded more volume than that recently.
I've been buying and I thank them for their contribution.
$MJWL - this is one announcement that could be really important.
When you have an OTC company, they are restricted (generally) from raising funds (capital) via traditional markets. I.e. banks, etc. So they have no choice but to offer their stock at steep discounts in order to raise capital.
Keep an eye on this component (news) in future filings. It's as big a game changer as anything that's been announced. It will tell you whether or not they've been accepted to participate in traditional funding. Assuming that they can place a private offering, we'll need to see the terms.
From the Sept 10th (2021) announcement:
Houston, Texas, Sept. 10, 2021 (GLOBE NEWSWIRE) -- Majic Wheels, Corp. (OTC Pink: MJWL) ("Majic" or the "Company"), a Delaware corporation, that is positioning itself as a player in the disruptive industries of fintech and software development by means of acquisitions, announces that it has signed an agreement with New York based Investment Bank Donald Capital, LLC.
The Company is proud to announce it has signed an agreement with Donald Capital, LLC. to provide M&A Strategic Advisory and Investment Banking services to the Company as a lead placement agent. Donald Capital will assist the Company to raise capital in a private offering of up to $50,000,000.
The Company believes this agreement will further increase the scope and size of its acquisitions strategy and create a leverage to exponentially create growth and value for its shareholders.
Donald Capital, LLC is a FINRA Member Investment Bank founded with the intent to build a legacy based upon the fundamentals of Honesty & Integrity. The principals’ highly regarded Wall Street reputations, broad experience across multiple industries and geographies, plus a results-oriented approach enables Donald Capital to provide solutions to the complex problems facing companies in today’s challenging business environment. Donald Capital focuses on a market that has not been properly served for some time - the Private, Micro, Small and Midcap Markets.
“As we keep growing the Company through the organic growth of our existing business lines and the acquisition of synergistic value adding candidates, our Company will be well advised by the extensive experience of Donald Capital’s team. This is another step towards our NASDAQ up listing goal. Institutional backing is essential to a successful up list and we feel this step represents another milestone in the NASDAQ direction” said David Chong, Chief Executive Officer of Majic Wheels Corp.
$MWWC - so this buy back program is based on:
As previously announced, a unique buy-back feature attached to the $MNS token will allow the Company to purchase $MWWC stock in the open market and return it to the Company treasury. In an aggressive effort to further build and strengthen Marketing Worldwide stock, the Company has decided to explore #NaaS (Nodes As A Service) and invest in multiple platforms; such as, #PowerNode (https://powernode.io/) and #ThorNodes (https://www.thor.financial/) which could provide a significant passive income each month. This would allow $MWWC an opportunity to add tremendous value to the buy-back pool in a short period of time.
I guess that if there is no purchase of the $MNS token, then there is no buy back? Probably just need to wait and see if there is signficant passive income generated via #PowerNode and #Thorenodes?
We'll see if that shows up in the filings.
$MJWL - ran some numbers from the filings and the current share structure. Using the last 10-Q (9/30/21) with a focus on the O/S and float (see page 4/5 of the last quarterly report and compared those to the current numbers from OTC Mkts on 3/20/22)
You are welcome to ignore this. Just some DD.
Summary:
O/S:
9/30/21 is 1,619,446,192
3/20/22 is 1,953,346,192
Increase of 333,900,000 shares to the O/S
Public Float:
9/30/21 is 650,626,720
3/13/22 is 937,395,105
Increase of 286,768,385 shares to the Float
From page 4 of the 9/30/21 filing there are 482,750,267 shares listed as restricted and for “Debt Settlement”
We’ve likely seen 286mil (see the increase to the float) as of 3/13/22 and that would mean if you subtract the 286mil from the 482mil (rounded) then we have 195,981,882 to go.
If you invest in a company, you set some markers. Those would be what the company tells you would happen and then you see if they perform those events, that they told you would happen.
If they do, you still want to perform rule #1 of investing – which is to protect your capital. Most likely the reason for the share price being down over the last 6 months is because the people funding this company converted their debt to shares and then performed Rule #1 and protected their capital.
I don't think that they dumped, they just wanted their capital back. ALWAYS protect your capital.
I bought some today. Wish everyone the best.
PS: I found this interesting:
Total number of shareholders of record: 25 as of date: September 30, 2021
that was from the filing last September -
Beneficial Shareholder Beneficial Shareholder 37 and that was from the latest update on OTC Mkts. 02/13/2022
so we see just 12 new shareholders and a 286mil increase in the float...
draw your own conclusions...GL2A
$MJWL - that would be great. I saw somewhere that the report would be audited. The first time a company goes through that, it can be challenging.
We'll see, it's only a few days away. It will be interesting to see the financials and share structure.
$MJWL - the only caveat to the timing issue is: Unless there has been a subsequent material event to report...
If they are smart they will not make any announcements until the annual report is filed, otherwise, they would have to change the annual report section on "Subsequent Events" and that means Executives, CPA and Lawyers all have to sign off and that takes time...based on each persons schedule.
Guess we'll see how that plays out, GL
$MJWL - I agree Bud, setting expectations (realistic ones) would help. Generally speaking, for OTC PK's it can be helpful to know when the end of the quarter is (hint it's not this week) and to understand that life isn't always perfect.
Meaning that they can get an extension of 15 calendar days for a 10K and 5 calendar days for a 10Q.
I just started looking at this one but looking at previous filing dates, there has only been one extension request by the company and it was on the last quarterly report. And the filing was just 3 days late. Hopefully it will be on time. GL
$BOXS - would be a smart move. When you miss all of your target dates for getting something accomplished, you lose all of your followers. Most CEOs don't get that. And I don't think they are too optimistic on purpose, CEOs are the ones who make or break a company. If they are not optimistic who will be?
But the downside of their unbridled enthusiasm is that they lose shareholders along the way who grow tired of waiting.
It means you have to find new shareholders and then create new enthusiasm for your stock and sometimes the best way to do that is to find new shareholders via an IR firm.
The existing ones (holding long) have heard it all before and get into the "show me the money" mode.
I hope he did hire an IR firm, that would be good news and would indicate (as you noted) that we're getting closer. Time will tell. GL
$HDUP - easy question. It happens because this is the OTC and there are traders who were hoping for a quick run on the acquisition of Spinola.
When it didn't happen by the end of January and followed by the video saying that it's taking longer than they anticipated. Those kinds of traders were hitting the exits to go to their next big play.
You should follow them! LOL!
$HDUP - still adding
$BOXS - completely agree - QB status will happen sooner or later. Not that worried about it.
$HDUP - company is being transparent. No promos, Insider never was hired for a promotion. Company insiders are all in Canada and can't trade and why would they?
Forest Gump moment for some..."stupid is as stupid does"
$HDUP - I like this at the close - "it's complex" and "involves other countries along with regulators from other countries"
$BOXS - I think part of the problem or maybe just an indication that we should see this differently is that the stock has closed below .01 (last time was Feb 24th) and OTCQB rules state that in order to be eligible for QB status the stock can NOT close below .01 at any time in the preceding 30 days.
To dig a little deeper, OTC Markets doesn't disclose the closing price but rather the "bid" price. Obviously is the closing price is below .01, the bid price would be there as well.
Bid price of at least $0.01 for proprietary priced quotations published by a Market Maker in OTC Link**
$MWWC and some don't pay attention to earnings (or lack thereof)...I guess we all have things to work on?
$MWWC - my bad...I missed the notice.--- so it will stay at 3 billion shares outstanding on $41k cash and $0 revenues, per the annual report...probably worth $? per share?
$ATWT - the problem with this one is that we had this Covid surge that began last year and we should have been selling the crap out of products to school districts to protect kids. It didn't happen or was never reported.
A year ago we moved from 500mil Authorized to 900mil authorized and all it did was to provide more room for convertible notes. It didn't move the company forward.
I've bought and sold this one 4 times and took a small loss each time. I think I'm done for now, will watch to see if Darnell can pull a rabbit out of the hat.
I hope this works or we'll be discussing if it's a buy when it's in the trips.
$MWWC - just 4 weeks and we get to see the 10 for 1 split. Wonder how that will play out. Might be worth a buy when it's in the trips?
$HDUP - supermarkets? LMAO - does a gaming/gambling site have inventory? Huge labor costs? Shipping costs? Property expense for 1,000's of stores?
You have to be kidding?
Gaming sites can have margins of: (brace yourself)
Characteristic Gross margin
2019 67.5%
2018 71%
2017 72.4%
The company has stated that it's target is to be a Global Player...in both gaming and gambling. NONE of the top 10 casinos websites are Global...
The 10 most profitable casino sites produce more than $800M per year each. The top five brands earn over $2 billion each:
What's next? Comparing HDUP potential profit margins to profit margins on Land Fills?
And I get it, if you're negative and don't own it...so we shouldn't expect any Due Diligence and therefore nothing of value.
$BOXS - it really doesn't matter what each of us thinks, regarding Electric Vehicles. Unless you control the board of directors of GM, Ford, Toyota, Stellantis (Ram, Jeep, Fiat, etc) BMW, VW (VW, Audi, Porsche) it doesn't matter if you are a fan.
it's where they are going and they are committing well north of hundreds of $BN's of dollars to make it happen so then you have to ask yourself, not based on your ideology, but who will benefit and how can you make money off that move.
Lithium isn't the only place to make money it is just the one with a lot of visibility.
and if it helps, we now have vehicles with over 500 miles per charge and I expect those to breach 1,000 miles p/charge in the next 7 years.
$HDUP - they never said that "someone is going to give HDUP $180M"
"After independent audits and private analyst reviews, it has been confirmed that the total value of contracts as part of this transaction are in excess of USD $180 million with revenues already being generated from multiple clients and acceleration of other new product launches." from the Press Release on 09/28/2021
I'm guessing on this since we haven't seen a filing on the transaction, the owner(s) of Spinola will get stock.
Spinola is based in Europe and doing business in Europe, Africa and S. America, and guess what...Hutchinson spent the last couple of decades involved in Europe and Africa. And he was part of the Lotto America team and that turned into PowerBall. Maybe the owners of Spinola like the vision of creating a Global Gaming powerhouse?
I guess if reading comprehension doesn't work that adding 2 + 2 is out of the question....LOL
$BOXS - hopefully the selling/conversion of debt is over. This one should be a lot higher. On the plus side buyers keep taking out the shares being sold and the chart moved up from the recent pullback. Trending up for the moment. Patience.
$HDUP - classic example of not being able to read the filings. The people with all the shares are in Canada and they are subject to a Cease Trade Order for all Canadians. If one would read the filings and PR's they would know this.
From the January 2022 update:
"part of the corporate finance strategy to uplist the Company to a higher tier exchange through a planned merger with a fully reporting Company. The effect of this merger will allow Canadian shareholders to have their positions become fully tradable"
If someone would read the filings they would know that approx 114.5 mil shares of the O/S is owned by insiders - see page 7 of this filing:
https://www.otcmarkets.com/otcapi/company/financial-report/315429/content
And of those, 89.5 mil shares are owned by people who live in Canada. So they can't sell...it can't be that hard to figure this out.
$BOXS - they broke through the wall at .01 - nice day to end the week.
What I don't get about the selling on this (when it happens) is that they sell on the bid and subsequently drive it down. They either have cheap shares via the conversion of their debt or they are not the sharpest tool in the shed.
Maybe we are seeing the end of the conversions? Hope so!!
$HDUP - I wasn't watching but I'm guessing from what you were saying that 1 mil shares was on the ask?
I would suggest that since the average daily volume is about 600k that maybe someone would know that their 1 mil offer to sell wouldn't be hit, right?
So the purpose would be to scare sellers into hitting the bid and maybe that is where the "seller" of the mil shares was sitting on the ask and waiting.
He knows he's not going to be hit on the ask so he shows an order to sell so that the weak will sell into the bid and he gets more shares.
You get how this works, right? Shake out sellers, accumulate lower and make money...hope you have that figured out.
$BOXS - https://www.otcmarkets.com/files/OTCQB_Standards.pdf
I've not checked other posts but this is the PDF file of all requirements and any exemptions.
$HDUP - channel is holding, began with the last run in early January. Pulled back to .08 around the 24th and then just a channel of trades within a range since then.
We'll have to see how soon they are able to close the deal.
"be greedy when others are fearful" - Warren Buffett
I've been adding. GL
$EGYF - OTC Mkts has been so slow lately...too many stocks waiting for updated status. Hopefully soon.
$BOXS - the bollies have gotten pretty tight and we've been seeing some ask slapping for a couple of days. Maybe the latest round of selling is completed.
This should be higher, GL2A
$EGYF - "The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient." Warren B.
This one will happen...patience.
$BOXS - they won't make announcements while they are waiting on OTC Mkts, IMO - it would be like saying to OTC Mkts, "we don't care what you think"
on the other hand, maybe OTC Mkts didn't like something in the filings and said, "not now". In which case we might get news.
We'll see which one it is. GL