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Not sure the attorney’s letter is needed this time. Pretty sure that was because OTC still had a stop sign up for NNRX after Bishop got current with filings the letter was to inform OTC to remove the stop sign I think. I could be wrong but that’s the way I took it. He has till the end of the month for the EOY report to be filed, can’t picture him not filing on time with the way OTC has reformed it’s self.
Looks likes we’re catching a little of the Dow fever, down to .0008. Hopefully we will get back to .001 by the end of the day when things settle down.
Morning All, “another day another dollar” wonder who said that first?? I woke up this morning, which makes it a good day. Major markets not looking good this morning, hope NNRX doesn’t catch any of those vibes. Think we will hold on and drift into the 00 today and stay there till we see some news one way or the other. End of this week or next we should be seeing the Security Details for September, one of two things will happen: one we see the share count go up and the other we don’t get any up date. Either one will effect the pps a little. I’m guessing we are in the 00’s to stay for a while after today. Remember always be the Optimist; it makes for a brighter out look on life and an overall good feeling.
Morning All, looks like a good day to go fishing, not much going on today. Churning day today, everyone getting into a lets see what happens tomorrow frame of mind. Guessing we’ll drift into the .001’s today and holds there, maybe see.0011 who knows. Think were going to be out of the trips today and stay for a while, only thing that could bring us back to the trips would be bad news. Like everyone else just guessing at this point, but looks like it's headed that way.
Today could turn into a very interesting day, 10:30 and already 300 mil shares traded and trying very hard to reach the .001+range.
Little pre market action on the Ask side at .0009 is a nice start for the day! Let’s see the Bid move to .0009 and Ask move to .001 before market opens, that would be a even better way to start the day.
Morning All; this could be a very interesting week/month for NNRX. We should get updated Security Details end of week and EOY report by the end of the month. Would be nice to see a steady build in pps going into 4th Q Report.
Bid is 8 and the Ask is 9 on low volume also mostly all are Buys, slow and steady is a good sign. All eyes are watching this one, when EYO comes out with any kind of positive news, event or revenue this will move quickly to the up side. If you’re waiting for the EYO/news to buy in, keep a close eye on this one you will most likely loose a couple on points before you trade goes through.
Level two looking good this morning 1.6m ask and 14.5 bid. Volume is low but the trade is on the right side. After the large volume yesterday, it’s time to take a little breather, don’t want to see this rise to far to fast, that kind of action most of the time doesn’t last long, want to see a long run this time slow and steady up the chart.
I just wonder what would happen if Bishop came out with a positive PR or EOY this week with of the re-shuffling of portfolios that going on now.
I like the way this week is starting off, no great volume, but it’s all positive so far with just a couple of exceptions. A slow and steady move up in pps from here till EOY comes out would be a nice change from the turmoil of the ups and downs we’ve been having.
Morning All; Lets see if today goes forward in the same direction as it is in pre-market so far, all Buys
your getting very old!!!!
A reverse split in the near future does not seam to serve any purpose. If and when NNRX nears the status of wanting to switch to the major markets it needs a value of over $5 dollars, then I can perceive a reverse split to reach the $5 dollar value. That is no where in the near or extended future that I can see. There are a lot of companies out there with hundreds of billion of shares of outstanding stocks with no reverse splits.
At the present time (9/19/2021) a share of NNRX has a negative value of -0.0011 cents a share; after the additional 50 Billion shares are sold the value of a share will be 0.00041 cents per share. That is a difference of 0.00151 cents raise in the value of the existing 6 billion shares (existing shares at present time).
Example using a million shares:
1,000,000 shares at a price of -.0011 per share equals: $-1,100.00(minus value)
1,000,000 shares at a price of +.00041 per share equals: $+410.00(positive value)
The difference between the two is: $1,510.00
1 million shares of existing stock have increased in value by $1,510.00 dollars after the sale of the whole 50 billion shares and the debt of 6.5 million is paid off.
The value of a share of stock is the net value of a company divided by the number of outstanding shares. The listed share price is the perceived value that a shareholder thinks its worth.
Re-read page #6 of the Form 1-A/A, it shows 50 billion shares and a price of .0004 cents a share.
Lets see how much the extra 50 billion shares is diluting the value of our 6 billion existing shares if all 20 million dollars worth are sold. At present there are 6 billion shares outstanding and NNRX has a total debt of -6.5 million total, witch equates to minus -0.0011 cents a share (I said minus; that means each share has no cash value at present and is in debt that amount)
Now we infuse the company with 20 million dollars give or take a little (317 thousand). Now we subtract the 6.5 million worth of debt which leaves us with 13.5 million dollars positive cash balance. Now we divide that by the 56 billion shares and we come up with each share being worth a positive value per share of 0.00041 cents per share.
Each exist share of the 6 billion shares has a positive value now, YOU MADE MONEY JUST HOLDING ON TO THE SHARES YOU ALREADY HAVE! The New share holders that bought the 50 billion shares had there holding diluted by the existing 6 billion shares that had no value, hence they lost a fractional amount per share.
They are gambling on NNRX making future income the same as we are, the difference is NOW the company has 13.5 million cash to work with.
Meant to say market makers not money makers, but they are making money for the most part. Not a whole lot of difference between a day trader and a market maker except the market maker has a lot more funds available and holds a larger volume of stocks.
There’s a pretty good example of either money makers or day traders trying to manipulate the stock price of NNRX right now with the 100 share sales at .0006. It’s a little too obvious what they are trying to do at the extreme low share volume though.
Well the interest in NNRX is out there and positive. There’s almost 300 billion on the Bid side at .006 and only 100 billion the ask at .0008, not many want to sell less than 8’s and a lot of traders looking to try and get in cheep at 6’s. I’m thanking that’s a good sign to today close.
It could be just Bishop not wanting to make any more miss moves like he has done in the past or it could be that a merger or partner are keeping him quite till a deal go through. Who knows, we’ll just have to wait and see I guess. At any rate at this point I’m not going anywhere, been here to long and saw too much over the years to leave now.
There is also a 15 day grace period to add to that which means they have till mid-November to file a report. Hoping they don’t take the full amount of time, though it does make for a lot of chatter on this board and keeps everyone guessing. Hope to hear more on the offering before the end of October first that will tell a lot.
That’s about it, in the mean time some 10% day trading buys the beer for most. Don’t think I’d take a chance on a large amount on a day trade, to close to EOY and too many eyes on stock now could make a quick move up or down a few points anytime. Being on the wrong side of the trade could hurt, Especially shorting it.
The only thing I think that will move this stock is a positive EOY report and positive outlook and the closing statement in that report. All of this guessing that going on is nothing more than farting in the wind, And taking a quote from a U-Tuber site “VAN TREKKING lifestyle”; “Never trust a Fart unless you’re wearing brown pants.”!!! LOL
That being said, this is a good day traders stock, a one point swing from .0007 is over 10% not a bad one days profit in you can get it. Also, a cheep stock for a long term gamble. I'm doing the long term gamble myself, 20+m worth.
Something to read, if you have the time. "A NEW ERA IN CAPITAL RAISING: REGULATION A+ -- AN OVERVIEW"
http://kv-legal.com/wp-content/uploads/2017/09/new_era_in_capital_raising_reg_a_plus.pdf
Excerpt from “Shareholders Academy”;
SEC Qualification
Under Regulation A / Title IV / Tier 2 companies must go through a process at the SEC called qualification before they can sell their offering to the public.
The SEC has set forth a minimum set of information that a filing company (like iConsumer Corp.) must submit as part of their offering. This includes, but is not limited to, things like audited financial statements, and information about key owners and employees.
This process is less expensive and less difficult than the process companies go through when filing for a Traditional IPO.
After the SEC has determined that it is satisfied with the completeness of the materials submitted to it, it will issue a statement that the offering is “Qualified”. This is NOT an approval of the offering, or an assessment of the risks associated with the offering. This simply means that the company filing for qualification has met all of the SEC’s requirements with regards to publicly traded companies.
The process is new. For a typical offering, we expect the process from initial filing to qualification may take 60 – 90 days. But the SEC makes no representations as to the exact length of time this may take.
Follow on (secondary) offerings follow the same rules.
In reading a little deeper into the “1-A filling” and the “NOTICE OF QUALIFICATION” as I stated in post #55977, “I’m surprised that NNRX has gotten the approval this quickly, It usually takes longer.” (Please reread) I jumped to the same conclusion as everyone else did it appears. In reading further into it I find that a Notice of Qualification is not an approval, it just means that the form is qualified for the approval process to begin. We are most likely still 4 to 6 months out from approval for sale from the date of the Notice of Qualification.
NNRX security details should be coming out next week on OTC's website. I’m curious to see if they do or not, if they don’t come out that is another indication that there could be something big going on in the back ground. My self; I think the extra ten billion shares are already accounted for and bought by a new backer for NNRX or a back door deal on a merger or reverse merger. I guess only time will tell, or maybe the EYO when it comes out will tell us something.
I wouldn’t necessarily call 16 million dumping, just some traders playing games. Look at the size of the trades, more like day traders try to buy in cheaper. The couple of trades that are in the millions are just day traders moving on or holding cash to buy back in.
Guessing we should have both by the end of the month. It's going to be a wild ride if there is a real good EOY report.
Well the start of another trading week, off on a slow pace. If NNRX sticks with its trend on posting share count, it should come out this week. Very curious as to what it will say. Guess we will know if the extra 10 billion shares are sold or not.
Is there someone who REALLY KNOWS what the new filing today means, not just guessing. Form Type-253G2 filed today 27th.
How’s that song “Anticipation” go;
“We can never know about the days to come
But we think about them anyway
And I wonder if I'm really with you{NNRX} now
Or just chasin' after some finer day
Anticipation, anticipation
Is makin' me late
Is keepin' me waitin'
I’m surprised that NNRX has gotten the approval this quickly. It usually takes longer.
Question posted on Google:
How long does it take to get a form 1-An approved by SEC?
RESPONSE:
“In total, expect that the whole process will take from 4 to 6 months approximately. This allows about one month to TestTheWaters(TM). The fastest route is to start preparing to market the offering and start the Form 1-A Filing with the SEC at the same time.”
Could something has all ready be set up for the purchase of these shares; merger, partnership, product, etc…. Could be a done deal already, as stated in filling like "Bones Jones" stated.
No less than what I expected from you. Your Are Blocked. Haven’t read a comment from you that was worth anything anyway.
Please don’t reply to my post, I don’t mind short traders but the ones that try to mislead investors are not on my like list. You my be making a few additional bucks with your comments, but you are hurting the new bees that don’t know where your coming from.
I see a lot of traders looking to pick up shares of NNRX on the cheep, 230 million shares on the Bid side of level II.
Good Morning All, should say late morning overslept. Wine, cheese and crackers last night makes for a good nights sleep. Let’s see the start of a turnaround for NNRX today and all have positive vibes this week for a change.
The Secondary Public Offering has no direct relationship to any Merger. The Secondary Offering is to Raise Capital to be use by the company as it see fit: merger, bulk product purchase, refined product purchase, what ever...
Here's what the Secondary Offering will accomplish:
Value of 20 million shares as of Friday's Close 8/20/21, Before and After Secondary Public Offering
Befor Secondary Public offering:
outstanding shares 5,929,175,660
value per share $0.000700
total market cap $4,150,422.96
Value of Secondary Public Offering
additional shares 10,000,000,000
offering price per share $0.0005
total value of offering $5,000,000.00 (NOTE: THIS IS BASED ON OFFERING PRICE NOW, At the time of sale the offering price can and most likely will change as Bishop's see fit.)
After Secondary Public Offering:
Outstanding Shares after 15,929,175,660
value per share0.000574
Total Marker Cap $9,150,422.96
Before your 20mil shares were worth $14,000.00
After your 20mil shares will be worth $11,488.88 (Note: if sale price were to go off at .0009 your value would be $18,000 and up depending on price)
THIS IS THE MAIN DIFFERENCE: AFTER OFFERING IS APPROVED AND STOCK IS SOLD, BISHOP HAS CASH TO WORK WITH. Before this, with no cash he could accomplish nothing, now he has a lot on room to work in to make the company back into something profitable. Now merger talks, partnerships, purchases of product, services, etc… can happen with the news of this offering and future capital.
Just got back from a great one day road trip, and read the post for today. If I were Bishop I would remove this board form my computer, he most likely has already done that. Though for me it's great, I’m having fun reading the post and laughing my a** off at the comments. Sounds like a bunch of school kids on summer break with nothing to do on a rainy day.