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what is the market cap now, less than $400k. With a run rate of over $1M. Granted they need cash to make some sales but this company has to have some value, right now it is being valued as having no products and no potential products. Not only do they need to convert the marketing for bikiniready (since they already committed the money) and Surgex, recognize real sales from MMG (which is out of their hands, but should be a no brainer, 50 locations) but they need to make money with no more investment here, and really show some sales of Nulief! Sales have to grow. Feels like the fundamentals are being ignored. It is a falling knife with potential to turn around, but dilution only gets worse as the price falls. So discouraging.
Enough of the CEO for a month Challenge CN. Kras will not and cannot let you run the company for a month, under no circumstances would a CEO let a shareholder come in to prove a point. Let it go. You could probably do much better, but your posting after posting is getting tiresome. Your ideas are good, hopefully he reads them.
I am almost certain they will delay earnings, late on Friday night. How hard can it be to make this deadline.
What are the odds that they delay the quarterly filing? I don't understand why it takes so long to track sales of $500k and 10 employees. Maybe they need an accountant to tell them how to account for MSE. That is a sunk cost, big thing to watch is revenue. Hopefully, MMG and BR will show increases in sales that make the needle move. They need to show progress. With 20,000 outlets plus internet sales and only 500k in sales is pathetic, but at least it might show ttat they are able to generate cash which they need to promote CBD.
Was just on the Surgex Site, Surgex Thermo is out of stock! WTF they cannnot abandon their other products.
While I wait for good new from CBD I have a few things that are bothering me.
1. CN you say SURGEX and MSE are doing very well? Where is the evidence? If I recall correctly, Q4 sales are the same as last years q4 (%571). IF Surgex and MSE are growing then other brands are sinking.
2. with 20,000 retail outlets and revenue of $570k for the quarter, that is $30 per outlet per quarter, IF you assume 33% online sales, it is only $20 per outlet per quarter. This sounds very low, less than a bottle of pills per week. (
maybe this is good?, I have never worked in this industry.)
3. They seem to be able to sell into the retail stores. But a PR saying they are selling Bikini Ready in South Dakota? Really? selling snow to the eskimos? Made me smile.
The good news is there are not many alternatives to CBD, and we do seem to be far more legit than the others. But we need to get distribution up quickly. I hope they have cash for this. These deals seem like they are locked in to more deals in the future. If I read correctly, they cannot raise money from other sources, in a non userous fashion, while there are converibles still outstanding. Am I correct here?
Tired of waiting, but at least first quarter is over, hopefully, the YE Financials will at least comment of first quarter revenue since the quarter is over.
Seems like a lot of us, combined, own a large number of shares. HAs anyone tried to keep track? And then add in the non active investors/insiders. I wonder, is there a large short position, and what happens next week, how does it take off. Are we needed to push the price after the launch? At what point does the squeeze begin. IF none of us sell, where will the shares to cover come from. We could have a huge move.
WHy are people so focused on Tuesday? at year end, don't they have 90 days to file? not 45. Am I missing something?
I have been watching this and wondering what the end goal is for NRTI? I hear posters wondering if they would put a commercial on the Superbowl. Here is some math: 30 second ad= $ 4million
$4million at .01 cent per share= 400 million shares. THey only have a market cap of $1.6, with very little cash.
If they are really going to market the 5 or 10 products they have, they will need cash! Terra Tech made a deal where they can issue shares to an investor as cash is needed. Might NRTI do a similar deal? In order to do this without wiping us all out, they need a real price per share, closer to .25. It will take forever to increase sales to give us this market cap without the CEO supporting investors.
My biggest fear is that NRTI is driving the price to 0 so they can be rolled into Terra Tech, or use NRTI to incur the costs of all of these products developments then declare bankruptcy. LEt us shareholders bear the costs, then recapitalize, giving James a big share. This might sound conspiratorial, but I have had worse done to me. I cannot invest more until I know how they plan on financing the growth.
I do however believe that the CBD will be huge, for someone. I could see this as the next Advil, but that requires a whole new set of skills and involves the FDA. (James is not ready for that)
Did I make a mistake? I assumed $3 per bottle, at 17000 outlets, is 51,000, over 12 weeks in a quarter, 612,000. This means less than a bottle a week, and that does not take into account MMG, or Surgex and any online sales. Yes it would be great to have $100 per month, assume we get $8 (without discounting), that means we need 3 bottles a week, or 12 a month. This is a big increase over 1 a week, especially if we remove the discount.
I do not agree that this is just another vitamin. At least that is what the marketing says, "whole-food-based". This means to me that the vitamins are derived from a better, more natural source than most manufactured vitamins. ( I may be wrong) I think this needs to be better communicated. I a believer in whole food based diets. ( I cannot follow one religiously, but know I do fell better when I try.)
The sales per outlet (17,000 outlets, 530k sales) is about $30 per outlet for the quarter. Does that sound right? That is less than one bottle of MSE a week. If you make adjustments for MMG and Surgex and other websales, the turnover at the outlets is slow. Cannot wait for MJ products.
CN, Did Mr James mention Muscle Maker Grill? Do you know the status of this? Thanks Every little bit helps.
THanks for the input. 8 weeks sounds great and I will add a little time since we are small and not well funded. But this is better than the 6 months I feared. Does anyone know the status of the extraction process? I remember hearing that a special machine was bought to do this. Did we receive the machine, or is it on order? Was it to be owned by NRTI or TRTC? I will hang on for a while, all things look to be positive, if just slower than some had expected.
I know all of this sounds great, and is necessary to build the CBSD products. But many of you are talking like they are going to launch any day, this memo says the advisory board will meet for the first time in 2 weeks. Are you getting ahead of yourselves?
I am frustrated that there have been posts emphatically saying the 10k would be out before the deadline.(having watched past management miss the deadline quarter after quarter there is a history here.) I know the old boobs are out but cutting it so close with a company as small as this is ridiculous. Only 2 market days left. I am not thinking there is anything bad, but the way they are set up, last year should be pretty straight forward to account for. There should be some information to gleen from the report if any of the ancillary products that we never talk about are gaining traction it will show up.
earning should be out within 48 hours, unless they release on a Friday which is seldom done and a waste, or they release on the 31st, which has been suggested would not happen as this is the last day before an extension is required. There have to be some concrete clues in this report, at least in subsequent events.
Any idea what day we will get earnings? I know the top line will require some adjusting but between the real growth in the top due to Bikini Ready, and Surgex and some others, and adjustments from the unrecognized sales of Martha Stewart, we should have a good idea if any if this existing stuff is getting traction. Still lots in the pipeline with CBD, too.
So we now know there is a RTD available. Any ideas if this deal with MMG prohibits us from selling a similar (obviously, not the MMG formula) RTD in some of our retail partners? I would prefer to buy Surgex than Muscle Milk at Walgreens.
It looks like this company has a lot going on. Almost all of them with big potential. Something has got to stick.
I might have missed this, but do we know when earnings will be out. Remember to watch for hidden sales numbers, I don't think we will see huge top line sales due to the Essentials deal, but we might start to see other products gaining traction, and deferred or accrued revenue (I forget the term they used) due to MS essentials. Growth in this number is as good as real revenue, it will signal that Walgreens is restocking. It should not matter if they can recognize it yet, as restocking is as good as saying "this stuff is selling". ???
would have been nice to see comments under "subsequent to quarter close" Hopefully Mr james can use this part of the management discussion to tell us good things that happened after the close of the quarter.
CN, I do not follow your logic. I do not think Mr James has discretion to report revenue in Q4. It is more mechanical than that. If the retailers are restocking then the Revenue can start to be recognized (as I understand it), with maybe some adjustment for returns from retail customers. There will not be a double booking, shipments in the current quarter will, for the most part, remain deferred revenue next quarter. All that happens is a deferred period of recognizing revenue. The should be no bunching or double counting. If we do not see at least the full amount of deferred revenue becoming revenue next quarter we have an issue. So assuming they can recognize all of the current deferred rev plus some of the other sales that they can recognize more quickly (Bikini Ready, Surgex, SlimTrim) we should be seeing over 1.6 million top line revenue next quarter. With growth it could be bigger. Am I missing something.
If we are recognizing costs, like shipping, immediately, as we continue to grow we will have a bit of a cost mismatch with revenue and expenses. (shipping a larger quantity each quarter, but having to wait a quarter to recognize the revenue) Hopefully this will be a small number.
A couple of thoughts, A PR went out saying sales of 1.6mil for the quarter. Then the accountant said "not so fast" you need to wait to be sure they are not returned. (easy to understand) But maybe wanting to list on a real exchange or possibly receiving tax credits made James think, I better not be so quick to speak, I have a high hurdle for the more rigourous GAAP standards.. If he had said, "we shipped 1.6mil" he would be in a better place. (minor issue to me) But one very encouraging thing I see in the numbers: Revenue went from 9000 to 200,000. That means either MArtha Stewart retailers restocked 191,000 worth of inventory (assuming there is no return ability of the retail customer)or Sales of Surgex, SlimTrim, Bikini Ready etc had huge sales in creases. MSE was only in the stores for 15 days, and only in a very few stores at first. So, they did get to recognize a big jump in sales for either a 2 week period for MSE, or the other brands are kicking in, too. What I do want to know is " How are reorders going?" Have there been any significant returns, How are the other lines going.
Finally, can someone reconcile the low Inventory, or deferred sales, it looks like total revenue plus deferred revenue should equal 1.6 million, does it? I cannot find the accounting statement. My computer is slooooooooow.
I hope the news comes out tomorrow. I would hate to have a good PR issued on a Fridayg after the market is closed!
CN, good point about adjusting to supplements. Align is a great example of what new supplements can do to one's system. I saw it as a sign that the pills were working. It took more than 2 weeks before my stomach stopped grumbling, but now I feel better all around.
If there is shorting going on, wait until the squeeze! Should be spectacular. If this is one big seller, they must have owned enough that they needs to disclose that they sold so much. We are approaching some threshold of disclosure, I would think.
2 things: the 10,000 % gain is based on sales through august 15, I would expect sales to have continued at at least that pace through the second half of the quarter since they were stocking shelves around the country.
Won't they know how much has shipped by next Tuesday or Wednesday? ANy chance he would give an update once the quarter has ended. THis is pretty standard when there is a big jump in sales. It will keep it from leaking out to a select few.
been here a while but lost my access.
How many shares do we all own, I am at 60k? Seems that some of you own close to 2 or 3% of shares outstanding? is that correct? We must own 7 or 8% from what I have read. Seems like everyone is buying and holding but more and more shares keep trading at these levels. Something does not add up.
I am pretty optimistic but did not buy for Martha, I thought Surgex alone was worth it.
I agree it looks good. donotice that the bars are gone, but the selection of Surgex drink makes sense. I realize they just put it up and have not issued a press release, but they have a lot of pages that still have Latin filler boilerplate language that needs to be removed. (looks sloppy) This is stuff used a placeholder by the webdeveloper.
Things are starting to happen. Would be good to know what their RTD strategy is and if retail is going to happen.
when will the new sebsites be up? Bikiniready should be out! if they wait much longer they will miss Bikini season.
I agree that he said very positive things, but anticipated growth is empty, Mirken anticipated a lot except his exit!
Financial benefits of being in an innovation zone acrue to anyone that pays rent. Of course being in an innovation zone is better for costs than not. But again this is empty as far as product progress.
The comments on growth are great, but back them up, please.
They are saying very positive things but nothing tangible on the product side. Why can't they let us know that sales for the first quarter tripled or they signed a retail contract. The quarter is over, throw us a bone! I have been burned too often to trust. I will wait and see, but they should reward those of us who have been here for a long time. Right now they are allowing someone who knows something to accumulate are very low levels. (we all know it happens, intentionally or not)
While I am optimistic and feel the team is doing something that Mirken could not, I was not as happy with all of the annual report. Lots of sections where copy and pasted from old reports. Explanations were short, almost like they just wanted to check a box. A reference was made to RTD and a manufacturer. Did that refer to the old contract that never materialized or is it a new contract. If it is new, why did they understate it so badly, this would be huge. And, usually, an annual report that is this late would have some mention of recent events that happened after the end of the reporting period. Other than what we all know, buying Bikini ready and SlimTrim, they were not very open of what else is going on, if anything. ALso, there was a lot about resurgex, getting Medicare approval? Why was that never disclosed, and from the looks of things they do not sell that product at all. Again I was left to think some of this was from old reports. And, does anyone know why they still refer to Millenium, I thought that name was removed from the corporate structure. And while I am at it, has anyone seen the SLIMTRIM ad on TV? The website says "as seen on TV"
Thanks,
Not sure why I never get those updates? Hopefully, there will be a big announcement once thet product get to stores. (or before, like, once it ships!)
can you share the email with us (cut and paste). I am on their distribution list for the blog and I get nothing?
I think we are seeing some interest in the stock now. But it will not really take off until the word gets out. I am not sure how that is happening. Those of us who follow the company and buy the product think we know what is going on (preaching to the choir), but then again I have thought that for 2 years and have not been impressed until the past 3 months.
You will not get huge commitments from anyone based on this board. You will when people start to see promotions, announcements, word of mouth... picking up. A press release about Chirsta Alves is a nice start, but there has been nothing since. We had a lot of press about other star athletes in the past and there was no follow through.
Concrete evidence will help. I am hopeful but I have too big a position to add to it.
Only 3 days left in the first quarter. I hope they do something, like make formal launch or finish Surgex and Bikiniready websites. (seems there are lots of products called BikiniReady?, are they having trademark issues?)
SlimTrim website has an "as seen on TV" label. Has anyone seen it on TV?
Really hopeful that this takes off, the new websites look great and they have a presence on Facebook. I only hope that the posts are real!
I am hopeful, this team is slowly putting things in place. But at some point they need to make some product move out the door. It does not look like there will be any movement this quarter, but they whould have an idea as to where the product is going (web sales, retail, etc) at the end of the quarter. Lets hope they give us some indication.
The old team talked a lot and never delivered. At least these guys are putting things in place. I also beleive they have enough experience but I am concerned that they will need a lot of money to start selling. $2 million would not last very long with the amount of product they would need to produce and timing between shipping and payment. I prefer they show some progress and find a lender willing to take a chance rather than a big stock issue. (but that is getting ahead of things)
maybe he want to scare some people out (into his lower bid) before it take off.
Check out the Inergetics Website! Links to all thier new products (Bikini Ready still under dev) but SlimTrim is up as are 2 websites that look like lifestyle blogs. Pretty well done pages. Hope it pays off.