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If you’re that worried, sell.
She said that she won’t announce anything old. Only new distribution deals.
GM All. Solid start to the day. Let's keep retracing and hope that she gives us something good in the Q. If so, we might be able to shoot up to a $1 quickly again.
Melissa deflected on Mr. Hutton. Not surprised though. Never know if something legal could be pending.
Another positive email. Good to see.
HAHAHAHAHAHAHAHA
Hopefully it's a momentum build to the filings and not false hope. Wednesdays have been kind to us, so hopefully tomorrow will be the same.
Small ask wall at .43. If someone slaps it, there's a chance for a .45 close.
Yeah, i'd keep averaging down if needed. Bound to get a pop at some point.
All things considered, this could've been way worse today
Eh, it's hard to say. Could be picking up steam in anticipation of the filings.
Yeah, that's what i'm thinking. Let's hope.
Interesting tidbit. May be overanlyzing this one, but I asked Melissa (as a follow-up) if she anticipates providing updates in the Q. Of course I got the typical answer, but check out the second line. Do you think she's implying something or do you think i'm looking too much into it? Also, asked her about Mr. Hutton/the dept. Will keep you guys posted:
"If there are update to provide, yes. And, even before the filing if there are updates, we would announce them."
Yeah, big bids and the price is inching up as well. At least there's interest.
Ask is up to .42. I wonder if we can retrace back to the 50's over the next few days. Wednesday was a good day for us last week. Hopefully it'll be kind to us tomorrow.
Ask is back over .40. Hopefully, we can keep building on momentum and get something good in the filings.
Yeah, we should retrace. I just appreciated the acknowledgement from Melissa's end. It's reassuring and shows that she probably does care about her shareholders more so than some might believe.
Sorry Btown, didn't mean for a private reply:
Right and they're solid...? Not sure what you're implying really. We know that they did 1.5-2 mil in sales for Q2 and a little over a mil in shipments over a few weeks. I mean, I think that's a solid start, but maybe i'm being too positive about them.
And we're green
I feel like at some point, a material even has to transpire, but who knows. The fact is that it's still way oversold at these numbers. Personal opinion is that we'll retrace into the .50's or .60's after the 10Q and hopefully build momentum from there.
I mean, it's due for a reversal. Chart shows it's way oversold. Have major support at .26. Last time we had support, it didn't break until the filings, which shouldn't happen this time. We know the Q2 numbers will look solid and she'll reinforce that that they did over a mil in shipments over the course of only a few weeks.
That's true, bad verbiage on my part. Although, I'm appreciative of her acknowledging it either way.
100%. Basically, we're going to do everything we can do the right thing; push sales, file on time, etc. and keep you posted on the process. While it's not the answer we probably all want, at least she's acting like she cares about the share price which is nice. A few years ago, I had an investment in a company and bought in at the wrong time. I questioned the CEO on the share price and basically got lectured about investing at my own risk. Thankfully, that's not what she came at me with.
Holy crap. To say the least. 151.5k on the bid.
I honestly haven't asked her yet. Sent back a follow-up response to her e-mail. Will ask it shortly. I actually kind of appreciated her response of acknowledging that the share price dip is alarming. Was worried that she was going to say something related to how it's still up dramatically from where they started. Almost like a "you should be grateful" type response.
Yeah. While she can't express what's coming, at least she's acknowledging that they know what's going on with the share price and it seems like she feels it'll straighten out if they stay the course.
From Melissa:
We are doing everything possible to file on time. We started work immediately on the 10-Q (last Monday). We have advised our auditors that we plan on filing on time (which would include filing within the allowed 5 day extension). This is to make sure they are well aware of our intentions.
A typical quarterly review takes 45 days. To file by August 21, 2020 would be filing in 21 days; not impossible but, difficult (even for larger companies).
The good news is that after Q2, we will be back on track. Q3 ends 9/30/20 and we will be back filing on time without a doubt (of course, that’s provided this pandemic doesn’t get worse and put a wrench into that).
Of course we are aware of the recent downturn in the stock price. We believe our best course of action for shareholders is to focus on running the business, generating sales and getting back on track with our periodic reports. So, essentially focus on the fundamentals. We will provide updates on sales efforts and the Company’s status as materials events occur
Anyone think the NT could maybe provide some juice based off of:
"Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?"
I'm worried about where this ends up if they don't file within the extension period. Let's all keep our fingers crossed that she surprises us for once.
Melissa has been ghosting me for the past few days. She's either embarrassed or hopefully has something planned.
Huge ask wall just broke
Yeah, sorry dude, it's brutal
Are you planning to average down or just holding for now? We have an idea on what Q2 sales numbers will look like. Likely looking at 1.5-2 mil. The question is, will she drop something else in there that gets everyone excited about this again? Stu Sternberg must be livid right now.
Things were looking pretty good three weeks ago. That 10Q was one of the worst filings i've ever seen. Even so, didn't expect it to fall this far.
.20's incoming. There's zero interest here. We better hope that she has something big in place for those Q2 filings.
40k+ ask wall. Lord help us.
I'm honestly shocked at how oversold it is. People panic selling for no reason.
My dude, i'm well aware of what's going on with filings and covid. They're still missing their extensions though, even with covid and were missing their filings deadlines pre-covid.
This is why I asked though
https://www.lexology.com/library/detail.aspx?g=da95770f-2d42-444e-863c-0c5494e07bd2