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Okay, put up then... Though there was a 330,000 block of preferred shares returned to the treasury last September @ $10 per share it doesn't mean there is a block of 70 million shares valued at $10 per share: show me...
I agree and I think this company has a real shot. I hope that what we're seeing here is the conversion of that 70 million block of preferred shares and if so it will no longer be hanging over our heads.
And there's more to this than you know, history here goes back 5 years, a spin-off, LOFB: and these shares, approximately 68 million shares, are most likely our spin-off shares. This was baked into the cake long before any of you were ever here! This is inevitable and it's a good thing,! For instance, Imagine, after investing everything you own, being told that you were not entitled to your promised spin-off shares; not good! This is happening, finally, just as promised, and again, it was part of the plan before Boon was even born...
Yes, last year was protracted however it gave me a chance to pick up a ton of shares. Now, I believe we are right on the cusp, I am locked and loaded, and so looking forward to the telling of this story! Go $BNOW...
There definitely has been a lot of dilution this past year and I expect a little more before all is said and done but that's the way it is when you're building a real company, right. CEO Justin Gonzalez said they were in a rapid growth stage right now and justified with the long-term expectations of the shareholders.
Bottom line, if Boon Industries achieves revenue and turns off the dilution spicket at under a billion shares OS, maybe even under half a billion shares then that will still be a very nice share structure, right, especially with the contracts they have stacked already!
Looking forward this quarter to an audited annual report and perhaps even announcement of up-listing to the OTCQB. Looking forward also to EPA certification, and List N, then Wallrich's branding and marketing of our products, and finally, especially looking forward to Integrity Media's telling of this whole story! It's only just the beginning but this tale is shaping up to be a great one already! Go $BNOW.
Yes, and that $52 million dollars is in fact most likely the GSA contract mentioned; huge... I work for the government and GSA is the 800-lb gorilla... And then, in the same press release, they mentioned an additional $12 million dollars in hospital sanitation contracts for a total of $64 million dollars in contracts stacked already; huge!!! Go Boon! $BNOW!
I agree, and this is counting only the recently announced 10 million + wholesale production capacity:
Boon Revenue: New production facility
Qtrly Rev: $2,750,000
Yearly: $11,000,000
Margin 60%: $6,600,000
OS: 367,360,067
Yearly EPS: $0.0152
Multiple: 20-fair in fast growing company
PPS: $0.30
Then if you go back just a little bit, the company projected $64 million dollars in contracts stacked already, just waiting for EPA certification and List N approval to use DiOx+ for COVID-19 sanitization:
Qtrly Rev: $16,000,000
Yearly: $64,000,000
Margin 60%: $38,400,000
OS: 367,360,067
Yearly EPS: $0.0883
Multiple: 20
PPS: $1.77
https://www.otcmarkets.com/stock/BNOW/news/BOON-Engages-DiOx-Broad-Spectrum-Applications-While-Finalizing-52M-Contract?id=287815
Hat Trick is old hat and your shtick is growing weary, even tiresome...
Don't care what the price of VGID is but I do care that Buzzy is making an effort to ensure we get our spin-off shares... And, if VGID does ever get to $0.0001 again then I'm a buyer and so are you it would seem based on your tactic s! $BNOW...
Okay, and did Mike tell you that he borrowed Buzzy's car to get to a marijuana show in Colorado and then he forgot where he put the car and lost it and to this day I don't think Buzzy ever did get that car back again!
I think you know exactly what you are doing...
Come on now, seriously, you know this isn't fraud, you could never in a million years prove fraud in this case... First, Boon is not Larry's company second, Buzzy is not the CEO....
Now, the Fernhill spin-off was not without its difficulties too but after some time Larry did successfully distribute those spin-off shares and V Group's stock soared. In fact that's how I ended up with 156.5 million shares of VGID. So, I expect there could be another possible price increase if Buzzy is successful with this LOFB/BNOW spinoff!
I've been talking with Larry from time to time for more than 4 years and his story never changed. Trust me I know he was just as frustrated as both you and I. That said, because I was in constant communications with Larry I never lost hope that I would receive my promised spin-off shares. Now, if you want to blame somebody then Medical Mike is the one to blame; the Stoner who lost his company and nearly cost us our spin-off shares. Keep in mind, it is said that 45% of new businesses fail within the first 5 years meaning that something like this is not uncommon...
Bottom line, I strongly believe that if it weren't for Larry we would have certainly lost our spin-off shares. He negotiated in good faith for a year and a half, even sacrificed his portion of the spinoff, some 67,970,833 shares, in order to secure the deal with Boon Industries for a block of preferred shares. And again, that block of preferred shares came with it a 2-year holding period which is why it has taken 4 years to get our shares!
I know we haven't gotten our spin-off shares just yet but Larry promised that one way or the other, even if he had to get a court order, that we would get our spin-off shares and he would begin distributing those shares to VGID shareholders of record which is 10-31-2017. Larry also indicated that he didn't think much would get done over the holidays but expected things to start happening after the new year! Hey, it's been more than 4 years what's a couple more weeks! Go Larry!
We will see soon enough who gets the last laugh! In the meantime I will tell you straight up: 13 million free shares is no laughing matter then add to it another 10 million shares I've purchased of $BNOW, a company that claims they have 64 million dollars in contracts stacked already; just waiting for EPA certification and List N approval!
NOW, I DON'T KNOW HOW THIS IS GOING TO TURN OUT, MY CRYSTAL BALL IS BROKEN, BUT HEY, THAT'S INVESTING AND AT LEAST MY DREAM IS ALIVE!
OS 10-31-2017 = 1,624,197,000
Strike that, VGID actually hit $0.0042.
And it's important to remember, Rome wasn't built in a day...
How do you figure: years ago I bought 156.5 million shares of VGID at an average of about $0.0008 and then I sold 156.5 million shares at $0.0008, but, I picked up 13 million shares of LOFB in the process. Today VGID closed at $0.0008 but at one point less than a year ago the stock hit $0.0033. Now, I don't see any dilution there at all, and depending upon which side of the trade you are on, I see plenty of opportunity. In fact, I wish I still had my 156.5 million shares as I would sure like to get spinoff shares of Hollywood Star Cuts, or AAGC.
The first part of your statement.
You are right about one thing.
At least until I get my shares.
Okay, if you remove Buzzy isn't that like biting the hand that feeds you?
Well, you know what they say, "Abraham Lincoln failed his way to success!" Go Buzzy
No, they will be free trading $BNOW shares: The preferred shares reached maturity after two long years, according to the agreement, on October 31th of this year. Then and only then Buzzy could finally request that those shares be converted to common shares and, to his credit, he did just that on November 15th. Now, once converted, these shares will be distributed to VGID shareholders of record which was October 31, 2017, and they will be free trading; no more holding period; hasn't it been long enough already...
Bottom line, I expect that our LOFB spin-off shares will start dropping into our accounts after the holidays: and that my friend will be a nice way to start the new year wouldn't you say!
That is correct, Boon has 30 days from the time they received Buzzy's request to convert the block of VGID preferred shares to common shares. That request was sent on the 15th of November so, today is just now 30 days. However, the TA did not acknowledge the request until the 19th of November. Bottom line, I expect the spinoff shares could be converted this week or next but certainly by the end of the year and if not, then Buzzy may have to get a court order but he said, one way or the other, he would get it done!
Up until now there has not been a lawsuit filed and I hope it doesn't come to that. Buzzy negotiated in good faith for a year and a half until they finally came to an agreement to issue preferred shares in order to accommodate the spin-off and then those preferred shares came with a two-year maturity requirement: Buzzy even gave up his share of the spin-off, in fact, returned approximately 68 million shares to the LOFB Treasury in order to make this deal; remember, he held approximately 815,650,000
shares of VGID at the date of record. Anyway, it might take a little longer still but it looks like, to me at least, that we are finally going to get our spin-off shares as promised, woohoo, go Buzzy!
Fernhill's spinoff number was 10; is there any chance or talk that FINRA might, after all this time, settle on the number 10 as well for the LOFB spinoff too instead of 12 as we were told 4 years ago? It would be some consolation at least!
LOFB is now $BNOW and is not worthless, in fact, far from it in my opinion! Any day now it is expected that Boon will get EPA certification and List N approval for COVID-19 which means, with their product, said to be disruptive, this could be one of the biggest pandemic plays out there!
Boon Inc., says they have at least $64 million dollars in contracts stacked already and now they're just waiting on the government and you know how long that can take sometimes! The company believes that between now and the first quarter of next year they will get approval! In the meantime the company has reached out to the agricultural business in California with their solution to the multi-billion dollar problem of mold and bacteria and, these resulting contracts, unlike the medical and government contracts, will not require List N approval...
Come on Doc, don't bite the hand that feeds you! Surely you see that Buzzy's been in a battle with Boon Inc., which, for all intents and purposes, stole the company away from Stoner Medi Mike. And then the new management just did not think that they had to honor the spin-off agreement.
Bottom line, our spin-off has been contested now for 4 full years and you're right, it's been far too long! That said, as I see it, Buzzy is going to win this battle, and I am sure the SEC and FINRA has weighed into this too, as they could in no way just stand idly by and allow the injustice of stealing our promised spin-off shares! Go Buzzy!
10/31/17 is date of record for LOFB spinoff.
Thanks for the update! Huge, spinoff number two, LOFB = BNOW...
Have a great weekend!
13 and 1/2 million shares traded already, on a Friday no less, woohoo! Go BNOW.
Life is great, I added 400k this morning too! My boat is loaded and am very much looking forward to the Boon story as it is told in the coming years! Go $BNOW...
Short-term pain for long-term gain. I believe that by this time next year we will be talking about quarter over quarter gains and future projections of increased revenue and additional revenue streams! Go $BNOW.
My hope is that Boon doesn't outgrow their share structure before they have achieved the revenue projections of $64 million per year at least and that's right at the gate. That's what a share structure is for: to build the company, to help it succeed, and from what I can tell this company has every chance of doing just that and that my friend is better than most in the OTC world! Bottom line, if they achieve multiple millions of dollars in revenue within the current Authorized shares then we are absolutely golden! Go $BNOW.
Please, contact the company with your question or questions and report back to the board something tangible for a change...
Agreed, and all things considered I am confident they will. Furthermore, based on the pessimism I see on this board the company will far exceed expectations especially with $64 million dollars in contracts already projected and lined up for production to begin as soon as we get EPA certification! Go $BNOW!
With the news today, at least we are back on the breakout boards, if that means anything!
A short time ago Boon started working on deals with the agricultural industry that didn't require List N certification and I'm thinking that the production right now we are hearing of is likely based on the agricultural side of the business which I think will be huge and indicates, to me at least, revenue soon! $BNOW.
Thanks Timing101; your update and timing is much appreciated! I have also found Integrity Media, Investor Relations, to be equally as responsive... Go BNOW!
BNOW #1 on the Breakout Board!
Agreed!