Trying to find turnarounds and add value through DD in these challenging markets.
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Powerful post Stervc with an interesting pps valuation. A private airline coming into MONI that has been around to survive the financial crisis of 2008 and the rising fuel prices impact on the airlines, which required government bailouts of airlines more than a few years back, must be a financially stable airline.
For such an airline to be coming into a Pink Current ticker is not often seen in the OTC and presents a rare opportunity.
Taking a sound private airline company and bringing it into MONI as an OTC ticker that has a good share structure with no convertible notes, little debt and no dilution presents a powerful combination for a potential run to achieve the pps valuation that you calculated.
Go MONI!
There is a very interesting story developing here with MONI. Good SS, little debt, no convertible notes and the pps is organically rising ahead of an acquisition using non-dilutive measures (see last paragraph of PR link below), plus there is still BitGift developing.
https://www.globenewswire.com/en/news-release/2023/02/13/2606749/0/en/MONI-BitGift-Signs-Partnership-With-MoonPay-to-Provide-Visa-Debit-Card-Onramp-and-Offramp-Services-to-BitGift.html#:~:text=(OTC%20symbol%20MONI)%20announces%20its,as%20Onramp%20and%20Offramp%20services.
Follow MONI's interesting tweets here: https://twitter.com/moon45184976
I see the key ingredients developing for a great potential run.
Go MONI!
BOXS SS - Transfer Agent Verified as of 04/03/23:
Source:
https://www.otcmarkets.com/stock/BOXS/security
- With the updated SS now verified, I guess this means they have paid the fees to OTCM - to be confirmed, link back to my previous post.
Go BOXS!
I spoke with Jody this afternoon. Nothing new and not much to update from last time. Still waiting on working capital financing update to share with us. Finra approval of name/symbol change shouldn't be taking this long.
More patience is required.
Go BOXS!
Good to see, hopefully they get the CE off soon.
https://www.otcmarkets.com/stock/ICOA/overview
Go ICOA!
Go to St. Catherine and check out the shops and worldwide variety of food.
Vive le montréal!
Interesting article: https://insiderfinancial.com/ai-stocks-finding-a-bottom-ai-sbig-soun-fngr-xall/184075/
Once the two acquisitions PR'd so far close next week, the value should start to be reflected in the share price.
https://www.globenewswire.com/news-release/2023/03/21/2631242/0/en/Xalles-Acquires-Capital-Innovations-Management-to-Support-Expansion-of-the-Staffing-Business-Services.html
https://www.globenewswire.com/en/news-release/2023/03/13/2625669/0/en/Xalles-Acquires-InnovationsHR-to-Establish-a-Foothold-in-the-US-Healthcare-Financial-Ecosystem.html
Go XALL!
Here is the note 4 goodwill disclosure from the last quarterly report that provides additional information on the balance:
https://www.otcmarkets.com/otcapi/company/financial-report/361435/content
Go ICOA!
Goodwill is the excess purchase price paid for a company over its fair market value. The information in your post is news to me. If the two acquisitions were completed, they are probably causing this goodwill - this needs to be confirmed.
This is why I stated in my previous post that the key assumption to the book value that I calculated is that the goodwill balance presented on the assets side of the balance sheet is accurately valued, since this asset is driving the positive equity balance.
I grabbed as much as I could in the past few weeks, it's a waiting game now until the CE is lifted.
Thanks for the dm, I cancelled my subscription. Still hanging in there but getting very close, good to hear that you are enjoying life.
Good to see you posting here link! It's been a tough market, looking forward to ICOA shedding the CE and showing us a good old fashioned OTC run.
I couldn't believe my eyes when I was calculating the accounting book value. The key is that the goodwill balance on the balance sheet is accurately valued.
Go ICOA!
Anyone notice the $484.2 million shareholders' equity positive balance presented in the last quarterly report!?! This is rare to see on the OTC. What is driving the positive equity balance is the large goodwill balance recorded on the assets side of the balance sheet.
https://www.otcmarkets.com/otcapi/company/financial-report/361435/content
If you take take the $484.2 million equity and divide it by the current o/s of 5,983,415,755 shares, you get an accounting book value of $0.0809/share before considering any P/E multiples for the market value of the shares. I do not often see such a book value on the otc.
https://www.otcmarkets.com/stock/ICOA/security
The key assumption is that the goodwill balance presented on the assets side of the balance sheet is accurately valued, since this asset is driving the positive equity balance.
Let's get that CE off already!
Go ICOA!
Please feel free to contact the BOXS IR and ask your questions directly. I am sharing what I was told.
I spoke with the BOXS IR this afternoon for 24 minutes and below are my summary call notes. Please do your own DD as I have not verified/validated my notes below, there have not been many changes since last time:
- Name/symbol change: Awaiting response from FINRA any day now. FINRA is taking too long and the name change is not complex.
- SS on OTC markets: The SS and other info will not be updated until they pay the fee. BOXS has not paid the fee to OTC markets as they have not decided what exchange (OTCQB, OTCQX, NASDAQ, etc.) they are going to uplist to. The PRs are showing in the Disclosure tab as it is an automatic feed from national PR wires.
- Role of MZ Group: To facilitate and make connections in the industry for BOXS and open up industry relationships in the future. MZ can take individual shareholder questions also.
- Financing: Key for BOXS right now is to obtain working capital financing for drilling samples and NI 43-101 technical report. It will be a surprise if we do not receive an update on it this month. They will not be borrowing from creditors to avoid debt, it will be from investors. After the NI 43-101 report, another round of financing will be required later to cover the costs of the actual mining.
- Graber becoming co-CEO: Graber was one of the founders of BOXS and he wants to do more than his current Director role. He wants to be involved in the management of BOXS and contribute to its growth. Sebastien is very busy and Graber will help him with his duties.
- CFO resigning: No real reason, Jody never met him. His absence will not hinder BOXS as currently there are no revenues or daily operations. The current focus is on securing financing. Had BOXS been a corporation generating millions in revenues, then the CFO resignation would have more significance.
- R/S: As Jody mentioned before, it will be used to uplist. No decision has been made. If uplist happens, it will open the stock/investment opportunities to a whole new market. For example, if it is proven that there are $600 million (for example) worth of lithium in the ground, the market value will eventually be reflected in the pps, even if there is an RS.
My thoughts are it would be ideal for shareholders if BOXS could get the working capital financing, complete the drilling samples, issue the NI 43-101 and then the pps would respond accordingly before the uplist/RS is implemented or announced.
Go BOXS!
P.S. I think this timeline slide from the webinar last month is helpful to visualize their timeline:
The CE takes longer to remove.
Attorney letter filed: https://www.otcmarkets.com/otcapi/company/financial-report/360822/content
https://www.otcmarkets.com/stock/ICOA/disclosure
Come on ICOA, get rid of that CE.
That is good to see, thanks again for sharing your insights HD. I have one question in regards to the new IR firm. I do not see anything about IR services on their website. I found their website to be focused on wealth advisory, financial planning and investments advice, even when you look at the team credentials.
Is the IR and shareholder services mentioned in the PR new offerings that Pacific Capital Markets is providing which is not yet on their website?
https://chadeacc43.clickfunnels.com/optin-548841771654531289541
Thanks.
I took a position in XALL starting only last week, so I am by no means a long. My sincere respects to you and all of the longs on this board. You seem to be a good group of shareholders to be with. Many thanks to all of you for sharing your information and thoughts which helped a lot.
I am still accumulating but I will only have a small position as I am paying for construction currently on my property. I wish I could buy more.
I plan on still being a shareholder when it goes above .25, while gradually scaling out on the way up. I like how the pps traded and stabilized today.
Go XALL!
Whoever it was, I would like to thank them as they helped me add more 005s and 006s. I was impressed with how well/fast the pps recovered during the day for a decent close. I found that the selling dried up throughout the afternoon. I will try to add more tomorrow.
The quick run-up earlier this week must have been a group buying it up and then selling out. Now the pps seems to be trading more normally.
Go XALL!
Same here, thanks HD for sharing the info. I started buying last week after seeing Stervc's post and I added more today. It seems to be trading clean so far.
Go XALL!
Annual meeting of the Preferred Series A voting stock shareholders
https://www.otcmarkets.com/stock/BLDV/news/Annual-meeting-of-the-Preferred-Series-A-voting-stock-shareholders?id=389116
Go BLDV!
BCNN - .0375 ~ 150M o/s
American Battery Materials Appoints Ryan Zarkesh, PhD, to Advisory Board
- Do you think Ryan Zarkesh would join the ABM advisory board and associate his name as a PhD with an OTC ticker if there wasn't something significant enough for him to do so?
https://www.linkedin.com/in/ryan-zarkesh-ph-d-140b7356
Source: https://www.globenewswire.com/news-release/2023/02/02/2600428/0/en/American-Battery-Materials-Appoints-Ryan-Zarkesh-PhD-to-Advisory-Board.html
Source: https://docsend.com/view/ue5ufufxsmwwfjte
BOXD 2/1/23 Webinar ~ 21:00: CEO mentions addition of Ryan Zarkesh to the ABM advisory board. Ryan is a DLE chemist and he was the co-founder of Lilac Solutions: https://lilacsolutions.com
Source: https://viavid.webcasts.com/viewer/event.jsp?ei=1595255
Go BOXS!
Key Highlights - BOXS 2/1/23 Webinar:
https://viavid.webcasts.com/viewer/event.jsp?ei=1595255
Although BOXS did not reveal anything new or explosive at the webinar today, the CEO mentioned key members of management and the board. Sebastien also mentioned the name/ticker change and uplisting.
Based on these key mentions, what I gleened from the webinar today is that the future ABM catalysts/updates will potentially be related to the following:
1. Name/ticker change - Finra process
2. Permitting - Completion: Selma Sierra ~ BOXS Liaison, State and Fed Reg Agencies was the Former State Director for the Bureau of Land Management in Utah
3. Financing - Justin Vorwerk's relationship with investment bankers
4. Government funding - American Battery Material Initiative lead by the DOE
5. DLE technology - Ryan Zarkesh (DLE Chemist) from Lilac Solutions
6. Drilling results - Completing the 43-101 report
7. Joint Venture - Andrew Suckling with Cadence Minerals
8. Uplisting - Main goal while recognizing $4 minimum pps requirement
Source: https://docsend.com/view/ue5ufufxsmwwfjte
Go BOXS!
Great post exisnet. The key points in your post that should be highlighted which create a win-win for shareholders are that BOXS is:
1. Debt-free which is not often seen for an OTC ticker;
2. More than 85% of the o/s common shares are held by the company Directors; and,
3. The strategic purpose of a RS is to facilitate an uplisting for BOXS.
Go BOXS!
8 Reasons Why I Own BOXS - American Battery Materials Inc.:
Despite the pending increase in common shares and the potential R/S to uplist filed in the DEF14C on 11/10/2022 (https://www.otcmarkets.com/filing/html?id=16192277&guid=Qis-kF3pD-_GB3h), I own and I am adding BOXS in the .00s pps range because of the following 8 reasons:
1. 102 mining claims and 120 mineral rights in Utah:
https://www.americanbatterymaterials.com/projects ~ https://docsend.com/view/ue5ufufxsmwwfjte
2. Lithium - Timing to enter market: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170950702
https://www.bloomberg.com/news/articles/2023-01-15/lithium-s-next-big-risk-is-grand-supply-plans-falling-short
3. Directors converted notes and warrant holders exercised warrants to hold common shares: I think their common shares holdings ensure that their interests are aligned with ours as shareholders.
8-K filed 01/06/2023: https://www.otcmarkets.com/filing/html?id=16303375&guid=Qis-kF3pD-_GB3h
Explanation by Stervc: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170899695
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170902428
4. Direct Lithium Extraction Technology: https://www.americanbatterymaterials.com ~ https://docsend.com/view/ue5ufufxsmwwfjte ~ https://www.americanbatterymaterials.com/about
https://www.ibatterymetals.com/insights/all-you-need-to-know-about-the-direct-lithium-extraction-process
5. New IR Firm - MZ Group: I think the timing of hiring the new IR firm is too coincidental, please see
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170886908
https://www.globenewswire.com/en/news-release/2023/01/06/2584402/0/en/American-Battery-Materials-Engages-MZ-Group-to-Lead-Strategic-Investor-Relations-and-Shareholder-Communications-Program.html
6. RESPEC hired by BOXS: Explanations by Stervc: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169832222
7. ABM Management & Advisory Team and Board of Directors:
Explanation by Stervc: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169794516
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170442098
https://www.americanbatterymaterials.com/about
https://www.globenewswire.com/news-release/2022/11/09/2552066/0/en/American-Battery-Materials-Inc-Announces-Key-Additions-to-its-Executive-Team.html
8. Risk vs Reward: I think the opportunity to own an SEC reporting OTC ticker below a penny that is entering the lithium sector with an experienced management team and Board of Directors outweighs the risks associated with the DEF14C filed on 11/10/2022.
https://www.otcmarkets.com/stock/BOXS/profile
Go BOXS!
Nevada lithium site that could support production of 370,000 electric vehicles annually for decades gets boost with $700M government loan
https://fortune.com/2023/01/14/electric-vehicle-production-nevada-lithium-mining-site-government-loan-investors-environmentalists/
- The article above demonstrates the appetite to for government funding of lithium projects. It will be interesting to see if BOXS (ABM) is able to access similar grant/loan funding for its Utah property.
Presented below is an interesting tweet response that ABM posted on timing to enter the market:
Timing is right for American Battery Materials, Inc. (OTC: BOXS)!
— American Battery Materials, Inc. (@AmBatMat) January 10, 2023
My condolences to you and your family. I hope everything works out for you in your efforts.
I have been following your posts starting this week. That was quite the pop on TCBP yesterday, congrats.
Best wishes.
Thanks Stervc for the insightful post and I agree with your thoughts which clearly explain the implications of the PR and filing.
As you explained, the Directors and warrant holders did not forgo $11.7 million in credit owed to them and pay $105K, respectively, to convert into common shares for nothing. Both parties would not take on additional risks to convert and own common shares, unless they didn't think that they would receive a better return for this additional risk of holding common shares.
I like the bias of both parties wanting to hold common shares as it aligns their interests with ours.
With MZ in addition to RESPEC now working with BOXS plus the external members on the Board of Directors, I am satisfied that we have enough third party/external confirmation of the legitimacy of BOXS' operations.
Go BOXS!
Interesting hire Stervc. Here are my thoughts on the BOXS PR and 8-K filed on 1/6/23:
1. We received an announcement on 1/6/23 that MZ group is hired as an "IR firm" which has a cost to it.
Check out their experienced team and diverse clientele: https://www.mzgroup.us/team ~ https://www.mzgroup.us/testimonials
- What do you think is the purpose of MZ for a public company that has common shares on the public market?
2. 1/6/23 PR indicates the following:
MZ has developed a distinguished reputation as a premier resource for institutional investors, brokers, analysts and private investors and maintains offices worldwide.
Brooks Hamilton, Director at MZ North America, will lead the MZ team advising ABM in all facets of investor relations including the coordination of roadshows and investment conferences across key cities and building brand awareness with financial and social media outlets.
https://www.globenewswire.com/news-release/2023/01/06/2584402/0/en/American-Battery-Materials-Engages-MZ-Group-to-Lead-Strategic-Investor-Relations-and-Shareholder-Communications-Program.html
3. On the same day as the PR, BOXS files an 8-K that the:
https://www.otcmarkets.com/filing/html?id=16303375&guid=DWl-kn5GrJ2Pdth
a) Note holders, who also happen to be Directors, converted their $11.7 million of debt into 2.8 billion common shares.
b) Warrant holders paid $105K to convert their warrants into 27.6 million common shares
- What do you think is the motivation of the note holders and warrant holders to obtain all of these common shares, coincidentally, as MZ is going to start their work and before we receive any updates on operations?
This is all IMO and I am just trying to connect the dots. Although the primary objective is to clear the balance sheet of any debt with the conversions, I think the hiring of MZ is too coincidental. Time will tell.
Go BOXS!
BOXS SS - Transfer Agent Verified as of 01/03/2023:
https://www.otcmarkets.com/stock/BOXS/security
Note: The shields beside the figures above mean that the number was verified by the Transfer Agent as of 01/03/2023. See previous post for TA verification previously.
Go BOXS!
Neat website ~ https://issystemscorp.com
Go PRDL!
If common sense prevails, they can at any time convert the converted common shares into preferred shares and keep the o/s as is without the shares hitting the market.
Go BOXS!
I like how SFLM is stair stepping up on decreasing volume. I think there is an interesting turnaround story developing here.
Go SFLM!
O/s has not increased as of today as per the 10-K filed:
https://www.otcmarkets.com/filing/html?id=16214951&guid=YzG-kWbMWDd-B3h
https://www.otcmarkets.com/stock/BOXS/security
Go BOXS!
11/8/22 PR: American Battery Materials, Inc. Announces Launch of Updated Corporate Website
https://www.globenewswire.com/news-release/2022/11/08/2550955/0/en/American-Battery-Materials-Inc-Announces-Launch-of-Updated-Corporate-Website.html
Go BOXS!
BOXS - ABM Management & Advisory Team and Board of Directors
https://www.americanbatterymaterials.com/about
When I reviewed the caliber, experience and variety of skills of the ABM Management & Advisory Team and Board of Directors, I realized that ABM would not bring on this team and this team would not agree to come on if ABM and its 102 land claims were not legit and worth their time. Please note that a DEF 14C was filed by BOXS on 11/10/22.
Go BOXS!
Time to Market with DLE ~ https://docsend.com/view/ue5ufufxsmwwfjte
https://www.americanbatterymaterials.com
Slide 16 helps us understand how far ahead ABM is and being one of the first to market, carefully read all of the text on this slide:
Go BOXS!
Interesting post Stervc. I think the fact that BLDV has engaged a PCAOB auditor to complete an audit of 2021 and 2022, which is not required to maintain their Pink Current status as alternative reporting, indicates that they intend to become SEC reporting and may possibly indicate that they have potential plans to move to another exchange. Time will tell what BLDV's plans are, yet this is significant for a triple zero OTC ticker.
Engaging a PCAOB auditor has monetary and time costs that BLDV would not incur unless they have plans for the future and/or the purchaser of the Pref. F shares may have required this transparency/level of financial statements reporting going forward.
It's been a long time overdue for BLDV to finally bring lasting value to its shareholders.
Go BLDV!
EV Hotel is the first hotel brand on the metaverse and Ken Patel is sometimes called the Elon Musk of hospitality: