Trying to find turnarounds and add value through DD in these challenging markets.
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Thanks for sharing all if your DD Stervc. Your insights into the potential value and turnaround story developing here is greatly appreciated.
I noticed a change this afternoon where the selling was drying up. It would be nice to have the pps settle here and develop a base above .001 as we wait for updates.
Go SPZI!
Thanks Stervc for all of the DD that you have done to share with us your thoughts and help us see what NHMD is building. It is easy to let the past make us skeptical of the future. You do a good job of helping us see the underlying value to clarify the turnaround story developing here with NHMD.
In regards to the convertible preferred shares, there are OTC tickers that have them and have their pps run. I actually welcome these preferred shares because imo they ensure that:
1. Senior MGMT's interests are aligned with ours as common shareholders. I see it as an insurance for common shareholders as MGMT will want the pps to climb just as much as we do i.e. a bullish indicator on the future of the pps.
- Even if certain classes of preferreds are theoretically able to convert, I believe that the amount of revenues coming in through the contracts will bring in enough value to offset the conversions.
2. The pps is connected to the company and its results of operations. Many times I see OTC tickers whose pps does not reflect the company's value and/or operations. With MGMT having a vested interest in the pps of common stock, it will reduce the risk of having a disconnect between the pps and the OTC company that exists, which is a risk to us as common shareholders with OTC tickers.
3. Since there will be no r/s for 2 years except to uplist, we are protected not only from an r/s but also from any implications of decisions MGMT takes in regards to the preferreds, even if they can convert.
Overall, I think it will be good to have MGMT in the same boat as the NHMD common shareholders as we both prepare for and have mutual interests in the pps climb up. Hope on board MGMT and join the common shareholders club for the ride up!
Go NHMD!
I agree DT and you're not alone. I noticed RAKR being mentioned on telegram and that was 45 minutes after the filing. I had to pay in the 002s and I wanted to buy more but hesitated, I have the same wish.
It will be interesting to see how the volume and pps play out tomorrow. It has been a long time since we saw an OTC ticker catapult like RAKR did today, hopefully there is more to come.
Go RAKR!
RAKR has a nice tight SS to facilitate such a climb if the buying volume continues tomorrow:
https://www.otcmarkets.com/stock/RAKR/security
Go RAKR!
Interesting clients ~ https://mirandawater.com
Go RAKR!
Thanks Stervc for the great DD as usual and for laying it out to help us understand the turnaround story in progress here. With NHMD's past, it is easy to overlook the story in the filings and what is being done with this SEC reporting ticker.
If the new MGMT achieves the revenues and turnaround that is slowly being revealed in the filings, the turnaround potential is enormous.
https://www.globenewswire.com/news-release/2023/09/22/2747989/0/en/Nate-s-Food-Co-Announces-Reverse-Merger-and-Change-of-Control-with-JP-Energy-Group-to-Drive-Global-Expansion.html
Go NHMD!
Great post Stervc. Thanks for laying it out for all of us to understand. Looks like MONI is executing step by step, albeit slow, its turnaround efforts in order to eventually graduate to new value levels.
The first step it to put the management in place to execute and build/manage the value, hence the addition of Scott Harmolin which you have explained well.
It's been a long time in the making and waiting for MONI shareholders. Let's hope we get some good updates in the future.
Go MONI!
There is a reason why the Seaport Global Acquisition II with more than $40 million in cash made their move first to bring in BLTH without any drilling results available. Someone did their due diligence on the 102 land claims and could/chose not to wait for the drilling results.
https://www.globenewswire.com/news-release/2023/06/02/2681110/0/en/Seaport-Global-Acquisition-II-Corp-and-American-Battery-Materials-Announce-Definitive-Business-Combination-Agreement-to-Create-Nasdaq-Listed-Company.html
As per Stervc's post, this SPAC is the same one that previously took Redbox public: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172045913
Go BLTH!
This seems like a great opportunity for BLTH to access funding with this SPAC II. Good point about SPAC I taking Redbox public. It will be interesting to see what the future holds with this new merger.
Thanks Stervc for pointing out the important items and laying it out.
Go BLTH!
Nice .0213 slightly green close on a Friday before a long weekend.
The pps is demonstrating its resilience and support despite waiting on news. There are no significant dips and any are being eaten up intraday.
Go MONI!
Agreed, the NI could potentially be released by the end of this summer if they use their time wisely and complete the drilling efficiently.
Go BLTH!
Nice eod volume came in and the close above .02 was good to see.
Go MONI!
Agreed, when was the last time you saw an established aviation company buy out an OTC ticker!?!
MONI is setting precedence here with no recent comparables on how strong/fast the pps valuation will climb for an aviation company on the OTC. Time will tell.
#RARE opportunity
Thanks GTG for all that you do day-in and day-out to respond to the resident cavalry.
Go MONI!
It sure is nice weather GTG to have my mitts wide open to catch any sells in order to add more shares to the pile. I rode TS*NP to 1.93, my gut is telling me that MONI may possibly be my second unicorn. Time will tell.
Established aviation company buying out an OTC (rare to see) + tight ss that is TA verified + no convertible notes & little debt + pink current & verified profile + pps is consolidating nicely in the .01 range = patience and a matter of time
Go MONI!
Agreed, the FINRA approval of the name/ticker symbol change finally coming through is a good indicator of ABM's legitimacy.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171796065
https://www.americanbatterymaterials.com - Corporate Presentation
Go BLTH/BOXS!
Thanks for pointing that out. It's good to see that no interest has accrued on the note and the note already matured 6 months ago in November 2022.
Although the note has been outstanding since November 2021 and matured 6 months ago, the holder for some reason has chosen to not convert to shares so far...hmmm. However, if Chad brings in value, the note holder may then be interested to convert in order to own shares ahead of any pps increases - that will be our indicator. Time will tell what the future holds.
Go SFLM! Go Chad!
Note 1- Organization and Description of Business
On October 5, 2020, Sun Kissed Industries, Inc. (SKI) entered into an Acquisition Agreement whereby the stock of SFL Maven, Inc. (SFLM) was exchanged for 300,000 of SKI. SFLM became a wholly owned subsidiary of SKI and Joseph Ladin became the Chief Executive Officer, President and sole Director of SKI. Mr. Ladin also received 10,000,000 shares of Company’s Series A Preferred Shares representing voting control of the company. In November 2022, Mr. Ladin sold control of the Company to Chad MacKay, the Company’s new Chief Executive Officer and Sole Director. The Company’s new business model focuses on acquisitions or technology licensing opportunities. The Company identifies companies and/or technologies that could be impactful in their respective industries. The Company’s overarching objective is to add opportunities that it believes will be accretive to the Company and its Shareholders. For example, the Company is working with one credible university on some amazing technologies in the lithium mining industry that could prove to be important to the future of electric batteries. There in no assurance that this particular pursuit will be a success for the Company. Where it makes sense, the Company intends to focus on specific verticals.
Note 5 – Change in Control; Divestiture of Operating Subsidiary
On November 11, 2022, the Company’s controlling shareholder, Joseph Ladin, entered into a control securities purchase agreement (the “Sale Agreement”) with Loyal Technologies, LLC, pursuant to which Mr. Ladin is to sell the single share of Series A Preferred Stock which share of Series A Preferred Stock provides voting control of the Company to its holder. The Sale Agreement is expected to close prior to the close of business on November 21, 2022. As a condition precedent to the closing of the Sale Agreement, the Company was required to divest of its operating subsidiary, SFLMaven of Florida, LLC, which occurred in November 2022.
Note 7 – New Business Plan
The Company’s new business model focuses on acquisitions or technology licensing opportunities. The Company identifies companies and/or technologies that could be impactful in their respective industries. The Company’s overarching objective is to add opportunities that it believes will be accretive to the Company and its Shareholders. For example, the Company is working with one credible university on some amazing technologies in the lithium mining industry that could prove to be important to the future of electric batteries. There in no assurance that this particular pursuit will be a success for the Company. Where it makes sense, the Company intends to focus on specific verticals.
https://www.otcmarkets.com/otcapi/company/financial-report/365756/content
Go SFLM!
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