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Well yes, kind of, when the annual report comes out, any day now, we were told it would show $1.5 million dollars in revenues. The first quarter report will not come out until May 15th at the earliest, could even extend by a week. And, due to the last minute sale of THC oil, just days before the end of the quarter, we will book revenues in the first quarter, woohoo!
Bottom line, the annual report will be out any day now and will show $1.5 million dollars. The first quarter report will be out on or about the 15th of May, an extension could push it back by a week but the first quarter report will show $1.4 million dollars. Ladies and gentlemen, start your engines, we are off to the races and there's no stopping us now! $GCGX...
Has anybody checked when exactly infused edibles went out on their own? The only revenues we had then, possible revenues we had in the fourth quarter would have been from Infused Edibles.
BTW, there seems to be some confusion regarding the $1.5 million just mentioned: to be clear, it was earned in the 4th quarter, to be reported on Monday, and is not related to the recent sale of THC oil for $1.4 million... The $1.4 million is on top of the $1.5 million for a total of $2.9 million dollars...
As to how the kind of revenue numbers I have been posting about will affect the PPS, well, it's anybody's guess; in the OTC world they always way overshoot in both directions! Right now we are way way oversold. That said, when we get to the OTCQB, hope by Q3, valuations will be much more realistic. And if or when we get to the NASDAQ it will be priced in almost immediately and valuations will be way closer to my numbers.
The biggest question I have right now going forward, is COVID-19 and the economy. If the economy survives and comes roaring back, just like Trump is shooting for, then Global is golden and so are the shareholders, we the shareholders, especially with all that stimulus out there, woohoo! Where are you going to spend your stimulus check? $GCGX.
Global Consortium is ready now for prime time... Cannabis Megatrend or not, COVID 19 or not, look out Q2 here we come: share buy-back, buy the first half of the Cannabis Mall, secure first right of refusal for second half of our Cannabis Mall: Audit, file the S1, uplist to the OTCQB, THC and soon CBD Oil too: Tahoe Distribution, Hemp Farm in Florida, Half-Baked Edibles, CBD Beverages, and all this is practically baked in already and with much more to come!
On January 28th Matt tweeted, "$GCGX is finalizing a deal to finance its new CBD operations with no dilution or toxic debt. https://t.co/AG7QRx0JYq." We really are gonna need a bigger building, woohoo!
Let's consider
3-2-20 OS: 1,585,791,453
Buy-back: 300,000,000
OS: 1,285,791,453
Add New 15 L Extractor
CEO said $20 mil 1st half of 2020:
Q1: $1,400,000 - Delayed, Q1 only produced 4 or 5 days!
Q2: $10,000,000
Yearly: $40,000,000
Margin 50%: $20,000,000
Yearly EPS: $0.0156
Multiple: 24
8/15/2020 PPS: $0.373
Capacity of THC oil stream alone:
30 l per day times $7,000 to $8,000 per liter times 90 days per quarter:
30 * 7000 * 90 = $18,900,000.
Q2: Potential
Qtrly Rev: $20,000,000
Yearly: $80,000,000
Margin 50%: $40,000,000
Yearly EPS: $0.0311
Multiple: 24
8/15/2020: $0.747
This does not count soon coming revenue streams of:
CBD Oil - could double REVENUES!
Tahoe Distribution
Half-Baked Edibles
CBD Beverages
Vape Cartridges
Hemp Farm
Go Matt
Go Tom - wherever you are?
Go $GCGX...
Right on Billy, annual reports are allowed 90 days so, the report Matt will file this coming Monday is not Q1, It's the annual report, Q4, 2019, and it is going to show, according to my read, $1.5 MILLION dollars!
Now, the annual report is a little late which is why the stop sign went up, but, the stop sign will go down when the report is filed. On the other hand, quarterly reports must be filed within 45 days: and, 45 days from the end of Q2 is August the 15th, 2020 and, you are right on again! I am so looking forward to that Q2 report as it's going to be a game changer! $GCGX...
Exactly, and that's what I was trying to say in all those words; sorry if I was not so clear. We've been producing slurry with three machines at least since October; we just couldn't finish it, the last two steps at least, until the venting project was complete and final inspection... HOPE WE HAVE A WHOLE BUNCH MORE SLURRY STILL READY FOR FINAL PROCESSING; IT WILL JUMP START BOTH THE BUSINESS AND THE BUY-BACK... $GCGX...
Anytime, have a great weekend!
Good question, only annual reports are audited. There are three 10Q reports and one 10K per year. You are right, the 4th quarter is the 10K, it is the annual, and it is the only one that gets audited. The annual report has to be completed first before it can be audited so that is next and I expect it will be completed in this quarter followed by the S1 filing, again, I think this quarter... $GCGX...
Okay, I will qualify my statement: you know we've been in full production now for only about a week and we already produced and sold $1.5 million dollars in that week and that's so incredible!!! Now, if only we could multiply that number out for the remainder of the year, well then, that would be $60 million dollars for the remaining 40 weeks of the year, making $20 million per each of the 3 remaining quarters this year, woohoo! I don't know why we're not at $0.50 already!
Not so fast though, first, I know people are skeptical looking for confirmation. Then also, there are still some unknowns such as, we don't know how much of the slurry, which they've been legally processing since October, went into this first batch that they just sold for $1.5 million dollars. Remember it was the roto vape and venting projects that prevented us from processing the final two steps. So, with that in mind, we don't really know yet how long the entire THC oil extraction process takes but, at least we know now that the last two steps in final processing go pretty fast. In fact, I'm hoping we have a whole bunch more slurry just waiting for final processing as that would help considerably, both in jump starting the business and with the buy-back!
Bottom line, none of this makes me skeptical anymore and I'm ready to go. We know now, and we know for certain, that we have produced and sold a high quality product which is in high demand and, we know that all of this is very very good news for the business and for the shareholders... In fact, If you're not excited now then, sorry to say, this zombie apocalypse we're in has likely turned you into a zombie, oh no! Hope that helps. Go $GCGX...
Hope so.
Exactly, and I'd be working overtime too if I could pull down $1.5 million dollars every four or five days like $GCGX did last week; very impressive!
I too think $15 mil in Q2 is doable, we at least have the capacity now, even more! So, all we need is demand and the demand was clearly there, that is until covid. Bottom line, if people still have jobs after covid coupled with all the stimulus it looks to be shaping up perfectly for Global; it's time to make hay or better yet, let's make oil, lots of it!
As to your projection of $.05, sorry to disagree but I think you are off by a magnitude of 10:
Qtrly Rev: $15,000,000
Yearly: $60,000,000
Margin 50%: $30,000,000
Yearly EPS: $0.0233
Multiple: 24
8/15/2020 Q2: $0.560
Go $GCGX...
Hell yeah, $1.5 mil in just four or five days of processing. Imagine what that might mean in Q2... And this is just the first of several more revenue streams to come including CBD oil which I think will eventually be even more lucrative, woohoo! $GCGX...
Tom Roland is our MJ Ninja and he's got this times 10: Huge!!! $GCGX...
https://www.budderweeds.com/what-is-thc-distillate/
Not everything is dilution, dilution. Flipping forces are still at play here thinking they can do it one more time, and even one more time if they could, right up till the day the share by back program kicks in full force, and then we'll see who wins the bears or the bulls. I've got my money on the bulls! $GCGX
Right on and I'm still adding too! Time now to seal the deal, transfer the money, and then, this week, the share buyback will start. If it were me, I wouldn't make an announcement, could be quiet for a couple days and then, it should be obvious when the share buyback has begun! Go $GCGX.
Tip of the sword, WE'RE IN THIS TOGETHER, if you like my post give me a follow. Go $GCGX...
Here here! Go $GCGX...
On that we agree; nobody in their right mind would dilute and buy back at the same time. DILUTION IS DONE, BUY-BACK STARTS NEXT WEEK, JUST AS THE TWEET SAYS! $GCGX...
Well, yes, Matt would be wise to buy back as many shares as possible at this price with that money, even all of it if he could, as I am sure the price is going up; how could it not? And, I'm hoping that 300 million shares turns into many millions more shares bought back in the coming months. It would be nice to get it under a billion shares OS at least. $GCGX...
Here you go my friend:
Keep in mind, this is if they buy back at least 300,000,000 million shares making the OS somewhere in the neighborhood of 1.25 billion shares. That's where my earnings per share number is derived from. Then too, the margin number could be even better but this should be close!
IT'S CRAZY to be selling down here at this price, .0040, just crazy! Should be selling at $0.04... stupid crazy in my humble opinion!
Qtrly Rev: $1,200,000
Yearly: $4,800,000
Margin 50%: $2,400,000
Yearly EPS: $0.0019
Multiple: 24
PPS : $0.045
Go $GCGX
Nuts isn't it? That said, there's been a buyer for everyone of those 13 million shares sold and we're holding, and only 15 minutes into the day! It's going to be a green day, and it's Friday, woohoo!
Fortunately there are six spots available!
LOL
It's only a matter of time my friend. I am into this company too, in fact, all in! Going forward, I hope to be one of the ones selected for a tour of our Cannabis Mall. $GCGX.
Exactly! Go $GCGX.
Okay, so what does tripple the PPS in the last couple weeks mean then? Increased volume? Increased tweets and PRs? Talk of the first sale of the highest purity THC oil that Global has to offer and in just a matter of days from now? All of that means something positive in the real world, with real investors, who are really interested in the success of this company!
Go $GCGX...
Well, to each his own but I see it differently. I'll show you what I see you show me what you see:
First, take a look at the potential in Q2 and then I'll show you the potential just in the deal that they are working on right now. If they seal that deal at 7 figures, let's say $2 mil, that's 7 figures right, and it makes me a cool, tax-free, $1,000,000 plus and worth shouting about. How's that for potential right out the gate?
3 @ 5 = 15 Liters per day
90 days per quarter =
15 * 90 * $7K per L = $9.45 mil
Tahoe Distrib $50k wk = $600k
Indulge: $9,450,000
Edibles: $600,000
Tahoe: $600,000
Q2 2020 = $10,650,000
Adding Large Extractor in Q2, in fact, right now = 1*15L machine
15*90*$7k = $9,450,000
Q2 2020 Potential now = $20,100,000
3-2-20 OS: 1,585,791,453
Buy-back: 300,000,000
New OS = 1,285,791,453
Even if this is all we do per quarter:
First Sale: $2,000,000
Yearly: $8,000,000
Margin 50%: $4,000,000
Yearly EPS: $0.0031
Multiple: 24
PPS $0.075
Definitely worth shouting about!!!
Go $GCGX...
They lease, with option to purchase, the $25,000 square feet we currently occupy. The plan going forward, as I understand it, is to purchase the $25,000 ft² by this summer. Then, secure the other 39,000 ft² with a first right of refusal as soon as possible because it comes available in 2021. The two totals together = just over 64,000 ft² and will ultimately become our Cannabis Mall.
$GCGX...
I don't know too much about the testing equipment either and I might be making a distinction without a distinction here but, I am guessing that there are two components to test for, one being the purity, and the other being the THC content. I'm guessing again, 90% is the purity but wondering what the THC content is, hmmm. I know they can push the THC content really high in some of the products they will make from our oil, but I don't think it's as high as 90%. Thoughts anyone.
You are right and they have already tested this batch to nearly 90% purity commanding a much higher price! That said, I was basing the testing lab on word we got about the Colorado Hemp Farm where they had planned to build a cannabis testing lab in Colorado and test hemp CBD for others too.
An announcement that we have set up or built out a cannabis testing lab will certainly be an opportunity for another green day!
Set up Cannabis Testing Lab for quality and content; for both our use and could or will become another revenue stream!
Yep, bought as much as I could down here and now my tank is full but my bank is empty! No matter, I see nothing but green days ahead:
Seal the deal - Green Day
Book revenues 1st quarter - Green day
Turn new 15 L extractor on - Green day
Audit - Green day
File s1 - Green day
Tahoe distribution - Green day
Half-baked edibles - Green day
Testing - Green day
News from Hemp Farm - Green day
April revenues announcement - Green day
May revenues announcement - Green day
June revenues announcement - Green day
Get the point - lots of green days ahead!
$GCGX...
The excitement is growing, so much so that it is palpable. For instance, Global is lighting up the Twitter universe. One alert is all it takes, and booking revenues in excess of $1,000,000 in the first quarter could be all it takes and we're off to the races!
Good luck with that. You could have said that at almost any time in the past two years and been correct but today it's a whole new ball game!
Wow, consider that I used a conservative multiple of just 24; one you might see normally on the NASDAQ. Now, I am purposefully not trying to sensationalize or pump as one could easily do. Remember, THE MULTIPLE ALWAYS RISES FOR THOSE STOCKS THAT ARE GROWING THEIR EARNINGS, WE ARE DEFINITELY GROWING OUR EARNINGS!
That said, let's compare for instance, Tilray's multiple; it was 300 times earnings when their stock ran all the way up to $300 per share; insane, but so incredibly exciting! Bottom line, anything is possible in the OTC world! Go $GCGX...
You're absolutely correct westwitch, although, It's not like on the NASDAQ where this would be priced in immediately. In fact, I have just come to expect that it will take a while for this to get priced in; use that to your advantage. In the meantime I have some math to consider:
3 @ 5 = 15 Liters per day
90 days per quarter =
15 * 90 * $7K per L = $9.45 mil
Tahoe Distrib $50k wk = $600k
Indulge: $9,450,000
Edibles: $600,000
Tahoe: $600,000
Q2 2020 = $10,650,000
Add Q2 = 1*15L machine
15*90*$7k = $9,450,000
Q2 2020 = $20,100,000
3-2-20 OS: 1,585,791,453
Buy-back: 300,000,000
New OS = 1,285,791,453
Qtrly Rev: $8,100,000
Yearly: $32,400,000
Margin 50%: $16,200,000
Yearly EPS: $0.0126
Multiple: 24
PPS: $0.302
Qtrly Rev: $12,000,000
Yearly: $48,000,000
Margin 50%: $24,000,000
Yearly EPS: $0.0187
Multiple: 24
PPS: $0.448
Qtrly Rev: $15,000,000
Yearly: $60,000,000
Margin 50%: $30,000,000
Yearly EPS: $0.0233
Multiple: 24
PPS: $0.560
Qtrly Rev: $20,000,000
Yearly: $80,000,000
Margin 50%: $40,000,000
Yearly EPS: $0.0311
Multiple: 24
PPS: $0.747
Could be much higher as the CEO stated or it could be lower because this is the OTC. Either way this is good, no, this is great news no matter which way you look at it!
Go $GCGX...
Right, no pump necessary, better to have revenues...
Thank you. So looking forward! $GCGX...
We were in copper just a few short months ago and are certainly heading back to copper and beyond! The OTCQB requires that we achieve and maintain a minimum price of one penny for at least 30 days. And my friend, the QB is just a pit stop on the way to the NASDAQ where the minimum is $4 PPS. Go $GCGX...