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Don’t expect to see immediate net income form this deal. Bishop is going to committing a million dollars of borrowed/leveraged money in purchasing/upgrading existing equipment, which there’s always overruns in cost. Also, there is the hiring of employs to do the actual work. What no one seams to talk about is the second part of his statement, “in conjunction with the addition of our 30,000 sq. ft. state-of-the-art cultivation operation". This sounds like another purchase and or partnered greenhouse operation separate from the processing/manufacturing plant which has to have employees and overhead. All that aside, this is starting to sound like Bishop is getting all his ducks in a row and there is a very positive outlook on things to come. When mid February rolls around and the sale is over with, that’s when you will see the investors that are sitting on the side lines jump in and the pps really start moving up. Of course this is just my opinion though.
Just my opinion for sure, but I think the best part of the 50 billion shares have already been accounted for. I’m thinking that they will be use in the purchase of the plant. Where else would Bishop get the cash from, if he didn’t pay for it out right with all the shares (some one on this site mention that it was odd that the value of the shares were equal to the cost of the building, can’t remember who) he most likely will used a large portion of them for a down payment. The down payment sounds like to most likely scenario that would leave him with enough shares to get thing rolling with. With owning a building; comes the monthly overhead that has to be met and there has to be a petty cash nest egg for the unforeseen things which would eat up the rest of the 50b. Like Z, I can’t wait to see penny land again it’s been a long time. It most likely will be a long time before we see a dollar, unless Bishop has been doing a lot of work in the back ground lining up buyers and sellers with the contention of the deal with the plant going through. That would be the best of all worlds if it were so.
Volume is low so far, but all the action has been on the buy side of the trades
Page is back up I don’t see anything changed though. OTC seams to be having trouble making timely updates to their web pages. They could be having staffing problems like most all companies are having.
NNRX’s OTC page is down, must be in the process of updating it, and should help to move pps higher.
Also: note that the free float did not change, new shares add don’t appear to be available for trading.
I would say NNRX is still an active company and Bishop is keeping things up to date. New share count out, only increases by 715,750,000, I was expecting a lot more don’t consider it diluting value. Would appear to be a normal increase for an active company that is trying to expand.
As Mikey says,quote “Mikey likes it” and so do I. This should get some new buyers that were holding back. If we get even a little good news this should move up.
Expecting new share count by end of week, anyone care to speculate the new outstanding shares will be?
Thank you just got here last night 77 deg and sunny today. I’m catching up on the post on the boards and emails today. Where did the 3 and 4’s come from, did I miss some news or something or is it just a quirk.
I’m curious to know what next week brings when the new share count comes out. I do feel that there is going to be an up swing in PPS in the next few weeks, speculators seem to be moving back in. Speaking of moving I’m out of here. Not the stock, but out of NJ had enough of the cold. Van is loaded and going to take advantage of this short break in the weather and head for my trailer in FL for the rest of the winter.
Offering price has increased from .0002 to .00032
Just click on Nutranomics, Inc (NNRX) above where it says “Home>Boards>US OTC>Miscellaneous>Nutranomics, Inc.” and read it. It on this message board’s home screen where it says “News Alert:” it’s highlighted in yellow.
New Offering information out, nothing new about company though.
SUPPLEMENT NO. 1 DATED JANUARY 3, 2022
TO THE OFFERING CIRCULAR DATED SEPTEMBER 28, 2021
This document supplements, and should be read in conjunction with, the offering circular of Nutranomics, Inc., a Wyoming corporation (the "Company", "we", "our", or "us") dated September 28, 2021 and filed by us with the Securities and Exchange Commission (the "Commission") on September 28, 2021. Unless otherwise defined in this supplement, capitalized terms used in this supplement shall have the same meanings as set forth in the Offering Circular.
The purpose of this supplement is to update the offering price for our common shares throughout the Offering Circular.
Everyone must remember that every trade is a Buy as well as a Sale. If someone is selling that means someone else has to be buying those shares. The terms buy and sale are just another way of saying Bid and Ask, these terms just tell where the interest in a stock is coming from, Volume and price movement are far more telling. When the share price goes higher on a larger volume is a sign of rising interest in to stock, this along with Ask/Sale volume drying up is a Good sign for a stock. As far as I’m concerned today’s action is just traders adjust there portfolios for a new Tax Year, some selling there shares for a Tax advantage others buying shares betting on a positive movement in the new year, with the price of shares being this low. Myself I’m betting on the price going up in the New Year. I believe the 2’s were the bottom matching the offering price; any movement from there should be up, BUT NOT ALWAYS TRUE that the chance you take when investing in penny stocks. Remember never use money you can’t afford to loose when investing into penny stocks.
!! MARRY CHRISTMAS TO ALL !!
Well Hello Grinch, hope you have a wonderful Christmas’s Holiday!
The lack of a forward looking statement in this report is very interesting. Bishop is keeping very tight lipped this time around not like the debacle with the farm is Maine. Agree with MommaSaid,I also didn’t see anything that was not already known with the exception of maybe $100,000 give or take less debt.
My own opinion is that there is still something brewing in the background and Bishop is being a lot more careful how he is handling it this time not to repeat what he has done in the past. What the future brings is anyone’s guess, I’m hoping for the best, and a nice bit of news before the end to the year to start the New Year off right!
I’m smelling some 4’s popping up before Friday’s close.
We will see, in the mean time I am making money on this while I can. My own opinion is it's not dead till it's dead. This is trading in the millions if not the hundreds of millions most days, that far from dead.
I’m afraid you have that backwards; when there is a BID offer it is to Buy the stock not sale it. If you notice you will see the Bid price is at 2 while the current price is 3. I also have a bid in at 2 and if it goes through I will sell it at 3, that’s a 30% profit for one day, get it. And I’m still holding my base stock for the long run.
You know something, I hope they rot in jail for what they have done in the PAST I owned this stock back then and still own it. But that was in the past, none of the current people involved with the company now have no relations to them. Also, the company now has no resemblances to the company of 2013 and is trying to head in a whole new direction. There are still traders trying to manipulate this stock now for the purpose of being able to buy it in the 2’s and 1’s to ride it back to the 3 and 4’s they’re the few people with no morels. I mistakenly called them day traders, day trading is a legit form of form of trading and long as there is no manipulating involved.
New share count is out, count increased by 630,092,760 to 7,758,233,980. Free Float remains the same at 5,733,547,268 shares.
Bishop is still releasing information to OTC; I'm guessing that Q Report is not far behind this release. Sure would be nice to see Q Report and some News by Christmas.
Level II look very interesting this morning 130 mil on the Bid and only 10 thousand on the as at .0003, looks like we may see some day trader movement this morning on some .0004 selling.
NNRX should be posting there new share count this coming Friday, lets see some guesses on what everyone thinks it will show for Outstanding Shares as of 12/10/21.
That's your choice to do what you feel best for you. There’s a lot of traders out there making a living this way. If your making one trade a day on NNRX right now for 5 days = 125% profit for the week. $500.00 x 25% x 5=$650 profit for the week. That’s flipping between .0003 and .0004, if you get lucky and get some .0002 you’re almost doubling that for the day. My self I’m catching about 3 trades a week just part timing it.
I meant on the Bid side was .0002
There was 1.3 billion on the Ask at .0002, that’s a lot of back orders to go through. If you can put in 5 digit order try .00022 and keep razing it till your order goes through or else go to .00031. Only way you can move up in the stack of orders.
This is the perfect day trading stock at present; large volume and a 1 point swing brings you anywhere between 25 to 33% profit.
Not on seven different platforms at one time, it was not just one big Bid quote. Your not shorting this stock now are you?
Haven’t seen this for a while on NNRX’s level II quotes; 1.3 billion on the Bid at .0002 and only 600 thousand on the Ask at .0003. Are we finally seeing an end to the selling?
Well it looks like there is a lot of investor willing to take a gamble with NNRX at .0002, 1.3 billion on the Bid side, but only 26 million on the Ask side at .0003. Next few weeks should be interesting to watch.
It’s going to get a little harder for short term and day traders in the near future if the outstanding share count goes up due to the selling of more of the A1 shares. PPS swings will not change as radically as the outstanding share count goes up, it will require more buyers with a positive out look to make pps go up next time. Without some good news I think the volume of trades is going to keep dropping off and with out volume short term and day traders will be backing off which will further reduce the volume. What are your thoughts on that, you may have to hold a little longer this time.
Most of the shares moving on the Bid .0003, ever wonder who’s buying them. Some one likes NNRX or there would be no buyers for the shares.
Here is a definitions I picked up on the internet, there is a lot more definitions which only make it more confusing and is over my head that why I posted a retraction to my previous post it's getting over my head...and a lot of reading.
Par Value vs. Market Value: What's the Difference?
https://www.investopedia.com › ... › Financial Analysis
• Par value is the price of a financial instrument at the time it is issued while its market value is the price it is worth to buyers and sellers at any given ...
What Is Par Value Stock?
Par value -- an antiquated legal and accounting concept -- is still mandated by the corporation laws of some states.
The term par value can be misleading because it has nothing to do with how much a corporation's shares are actually worth. It is only a minimum legal value. A corporation's board of directors may require investors to pay far more than par value for the corporations' shares. For example, you can establish a par value of $.01 per share, but require investors to pay $10 per share. In other words, you can sell your stock for whatever the market will bear. If your incorporated business proves successful, your shares should become worth far more than their par value.
Stock
The par value of stock has no relation to market value and, as a concept, is somewhat archaic.[when?] The par value of a share is the value stated in the corporate charter below which shares of that class cannot be sold upon initial offering; the issuing company promises not to issue further shares below par value, so investors can be confident that no one else will receive a more favorable issue price. Thus, par value is the nominal value of a security which is determined by the issuing company to be its minimum price. This was far more important in unregulated equity markets than in the regulated markets that exist today,[when?] where stock issuance prices must usually be published. The par value of stock remains unchanged in a bonus stock issue but it changes in a stock split.
I have to post a correction to my post relating to offering shares sold, I have missed understood the meaning of Par Value, that is a number set by the company as the minimum value of a share which can be sold, not it’s current value. At any rate more information seams to be given to OTC than is being posted on there site.
Using the numbers given, to get a value of .001 with 60 billion authorized shares NNRX would have to have a positive cash value of close to 7 million dollars. This would mean they have sold close to 7 billion shares of the public offering as of the filing of the Security Details for the end of October.
That would be nice but I’m not going to hold my breath for that.
Does anyone know how and what information OTC is using in calculating Par Value for NNRX, at present it is showing .001??? Are they using monthly information that is given to them every month along with the Outstanding Share Count, I assume there is a form that NNRX has to fill out every month and submit to OTC for security details that has to have more than only two line items on it for; Authorized Shares, Outstanding Shares. It almost seams that there is monthly financial information that is reported to OTC that is not shown on NNRX Financial and Security Detail pages. How else would they come up with a Float count and a Par Value that is made up of numbers that does not have show on the web page for NNRX???
Looking into the New Share Count just out there appears to be 1,159,055,668 billion shares that are being held by someone or a company in a long term status and does not show in the restricted share count. My guess would be a silent partner or company has partnered with NNRX or backing some venture Bishop is working on and are using the A1 Offering shares as a way of financing it. At this point with no news coming out I am guessing that it is a silent partner, hence Bishop would not be talking about it till everything is completed. If there were a lockup period on the A1 Offering Shares it seems they would have shown up as new restricted shares, but that count did not increase.