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It’s only 73 stores. Probably not worth a PR.
Takeaways from the CC
1. Overall it was solid. BLF and Pach Labs seem positioned to grow through 2021
2. Dilution questions were answered although Anshu clearly says more is coming. We are still in “hyper growth” and will need working capital according to him. And there is only one way we can access working capital right now. White Lion. So expect another S1 soon.
3. Very little conversation about GCC. I wish he had talked more about that. It was 87% of the revs so details there would have been nice.
4. We are several Q’s away from commercial lending. Need to show continued growth in domestic line. I suspect we go down in the US revs from Q3 to Q4 as we can’t expect to duplicate the one time gown order of $820K. Q4 ends in 6 weeks. With BLF and Pach products still not wide spread, it will be tough to match the $1,000,000 in US revs from Q3. Maybe that improves for Q1? Q2? It might. But that’s a long ways off. So I expect multiple cycles of White Lion funding to allow them to meet their goals with the working capital needed to distribute products as planned.
So all of that info puts the stock in a tough spot for the next 6 months. The company will likely work to grow the domestic products. But the dilution needed to make that happen will offset the delivery of news flow. It will be very difficult for this to get back to a penny as WL will be dumping massive shares into each news cycle.
I think Anshu will likely deliver news that could and should drive the share price higher. But it will all depend on how heavy the dilution is. We know WL isn’t taking shares to “invest”. They will dump them immediately for solid 20 and 30 percent gains.
I suspect if we can get to a point of commercial lending we could begin to move the share price higher as revs increase from Q to Q. But the OS will be pushing 7 billion at that point and getting to previous highs with that type of OS is much different than when we were at 2 billion. That’s when we can expect the RS and uplist.
While the uplist is positive, it’s going to come at a much lower share price than what I originally expected here.
Increased sales??? You know something we don’t? Do tell!!!
There are plenty of cases where gaps don't fill. The ROKU chart is full of them. Those are called runaway gaps and they occur when there is big news. The stock gaps and never comes back. ROKU has gaps below $100 from when corona first hit and analysts said lockdowns were inevitable. For obvious reasons, that was to ROKU's benefit.
But the gap today on VRUS does not come on the heels of any groundbreaking news. The Q was good. But not earth shattering. So that gap will fill.
Had they announced a massive deal with WALMART, that might be different. That type of news could lead to a runaway gap.
But saying you only owe another $700K in convertible debt isn't gonna create that type of charge in a stock. LOL...
Absolutely there would. This chart has always filled down gaps as well. There aren’t many instances of it, but they have all filled.
Other than the fact that 100% of the gaps in the history of this chart have previously been filled... you are right. It doesn't "need" to fill.
But it will.
There is 100% NOT any upper gaps in this chart. The only gap in this entire chart is the one from this morning and it will fill.
Your definition of "body gaps" or whatever you call them is not an accurate reflection of gaps in a chart.
Please tell me what date you see a gap at .0192
That gap should fill here shortly. Let’s see if it bounces on the gap full or settles in there.
Hopefully buyers are waiting for gap to fill. But I suspect the market reaction is just a little weak to the Q.
Needs big news from the CC or this will just continue to float below .002.
I agree with that.
Awesome. And candy still isn't on shelves... Kind of a waste, don't you think?
You forget that investment companies like White Lion consider a 15 to 20% gain as massive.
So WL will not allow it to run that high. Plus, the volume goes down as price goes up making it harder to unload hundreds of millions of shares.
They will do their work from .0025 area and down.
The point is, people are super excited about the uptick in US revs when in reality, it all came from a one time Verus Cares deal.
If that’s the case, then we can fully expect US revs to be waaaay down for Q4 when compared to Q3.
The company will tout the gain now and then ignore the pullback on the next Q.
Now... if I’m wrong and the gowns are not rolled into the domestic revs, that’s a HUGE win for this company. But I will believe it when I see it.
If none of what I am predicting happens...
1. Dilution ends
2. The gowns didn’t account for 80% of US revs which means we sold a shitload of gummy worms and moon rocks
3. White Lion deal is over and OS remains at 5 billion.
Price goes up.
But... we all know better than that. Make sure to ask Anshu where the $820k is factored in on that Q and how do we plan on paying the rest of the convertible debt.
Hints... the $820K in gown revs are tucked into domestic revs. And White Lion will be used again to pay off the second half of the debt.
The price action today will tell you what the market thinks about the Q.
I expect to see a slight uptick in volume. But I also expect WL to take advantage of that and unload into it which will stifle any potential run.
Maybe the MM’s let it gap up a couple ticks. But that will get sold into heavily and the gap will fill quickly.
Your revenue predictions look good. Your PPS predictions is where the issue is. Still too much dilution to come for this to be able to run that high. And when the dilution finally ends, this OS will be much higher than the current 5 billion. That will make for tough sledding.
Welcome Cowboy. Your two week ride here should be fun for both you and me. Lol.
Lol. Half full or spot on?
I predicted $6 million in revs. And I think it’s well below the expectations of the pump crew.
The price action tells the story. I’m just a narrator.
The dilution is far from over. Anshu basically told you that. Half the bandaid has been ripped off. Other half yet to come.
News flow will increase heavily so he can allow WL to do their thing to get us debt free. It’s not a bad thing. It’s not a glass half full thing. It’s reality.
Q3 2021 should be excellent.
I think somehow those gowns are counting as $820k of the US revs.
Would love to see the breakdown on that. Between BLF and Pach Labs, that’s solid unless something else is accounting for that.
GCC is down from what was expected so probably still being affected by Covid.
$6.2 is exactly what I expected and I think it will be viewed negatively.
The debt is only half paid at this point. I was hoping with all that dilution they might report we were out from under those notes. Not even close.
Not certain that any momentum will matter here as it will get eaten alive with dilution.
Longer term looks good. But a lot of the same verbiage. Promises of better financing etc. We have heard all that before and it’s one shitty note after another with Anshu.
Maybe this looks better Q3 if next year? That’s a long ways off. Lots of accumulating to be done between now and then. This won’t go up till debt is gone.
There is no after hour trading.
Stop with that crap.
Dilution still dripping. But definitely smaller.
Lol. There was a time when this used to build up heavily for two weeks leading into the Q. Anticipation of huge revs was big. Then it would sell off after the CC.
Maybe we do the opposite. No build up at all going into the Q. But maybe we go up after the Cc?
Doubt it. But you never know.
Bullshit.
Ain't that the truth!!!
I am sooooo excited to see all the record revenue on this Q that will get filed today.
You have no clue if the dilution has stopped. There was another T Trade on Friday. Lets see the next update of the OS. It has definitely slowed, but we have no idea if it has "stopped".
There you go. So we should definitely get the 10Q today. Looking forward to it.
It’s 10Q day today!!!
Can’t wait to see the final revs.
Q is due today. My guess is we see a delay of some sort.
Typically, the Q and CC are on the same day. It’s unlikely we get a CC today with no warning.
Q is due tomorrow, correct?
Are we officially delinquent again if we don’t get the filing tomorrow?
I suspect we will be late. Historically, they have filed the Q minutes before the CC.
If there was gonna be a CC tomorrow, we would already have that info.
So Cutchens appears to have failed yet again.
NT was filed on the 15th.
16, 17, 18, 19, 20. Five calendar days.
It’s due tomorrow.
Stocks can go up 1000%
But they can only go down 100%
Think about it...
It’s not on shelves until it is...
Simple as that.
Is it still on? Anshu says so. But Anshu says a lot of things.
Sadly... not.
Bingo.
Anshu fleeced then public and Cutchens allowed this to be diluted all to hell.
Watch the sentiment of the ass hats change when revs don’t meet their expectations.
Lol. I’ve listened to a lot...
This Changes Everything
Nutribrands
Verus Cares
Ice Cream
Topicz
Weiss
Rally House
Disney
TJ Maxx
Marshall’s
Home Goods
Meijer
Masks
Gowns
Ian Ron
Anders
McGowan
Garnock
Success Labs
Houston Facility
Did I miss anything???
Will they? What happened to the deal we had already signed and PR’d with Topicz? They distribute to over 900 convenience stores and gas stations in the Midwest.
That deal seems to have disappeared and Anshu won’t even acknowledge it.
That trend is Starting to sound all too familiar.
This. Changes. Everything.
-Anshu 4/03/2020
Share price .02
Disagree. We have no idea what time of day that update on OTC Markets accounts for. Could be “thru 9/17”. We have no idea.
Are you seriously debating the T Trades that occur here almost every day?
Don’t act like an OTC newb.
Lol...
This. Changes. Everything.