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No news and no interest for now.
I think it does too, no assets, 15 millions in debt, no revenu, possible dilution coming as they have paid Maxim with shares, no revenu coming as the business agreement with service 800 is not an acquisition but a business combination, and a market cap of over 50 millions... That thing will continu to go down high speed.
Lol are you comparing a multi-billion company that has started decades ago with completely different market rules at the time to à startup that's merely doing a couple million a year?
That's a good shares structure for an otc stinky pinky, not for a company that want to uplist to a real market ;)
That doesnt change the fact that if you want to go, lets say NASDAQ, to attract institutionnal investment the company will need to reach a 4 dollars a share to uplist there which would put the market cap here at around 2 billions dollars which will never happen without institutionnal funding. That's just plain common sense.
Maybe but they're gonna have to change their mind anyway at some point because they'll never make it to another stock exchange market with that share structure.
Did they annonce the R/S yet, I'm waiting for that to get back in.
Still cant be traded on Canadian market.
Someone has track the O/S lately, any big change?
Market cap of 10 millions with rev's of only 2 millions a year, not surprising it's tanking.
For a company in the publicity they sure dont do much effort to keep us informe on whats happening.
Massive dilution?
If that was the sell off before the weekend I cant wait for monday.
Someone can tell me why Canadian broker dont allow this security to be traded if it's Pink current?
Yeah but there is a lot less chance that there is one now that it have been removed from the documents.
The only hope that was left was the backstop and they lost it???
Wow this thing is like a clock at constantly going down.
Love this constant, slow and steady climb up. Sign of an healthy trading.
In my opinion, backstop will have to cover for 80% of the offer that will not have been subscribe on but in the end the company will have the money. They have a good product that is already praised by many, I think were looking at major change, read several deal or liscence sign before the end of 2018 and maybe even new opening before the end of the year.
Sure I would but what I would like to know are the terms of this deal because I dont see gigl fulfilling the offering without the backstop so what should we expect?
Just went through the latest DD, from what I read gigl have a backstop investor as an insurance for the offering, so gigl is sure to receive the money to open new restaurant. Why is it not flying? Dilution? If they have to use the backstop investor are we looking at the same amount of dilution or is he receiving a premium offer to buy at a discount?
Thanks for the help I'm trying to untangle what future will bring here.
Anyone have followed the O/S count to see if it's dilution that's bringing the pps down?
It's mostly the lack of volume that is bringing us slowly down but were maintaining pretty well so far, news and awareness is what we need, mathematically we should be trading around 02 to 04 cents per shares in regard of the current value and profit of the company. No dilution in years, company is improving fast and value too, sit and wait for the big move, cause what happened this week is just an appetizer.
Solid day, consolidating at higher pps and not giving an inch on strong volume, company starts getting visibility but were still far from fair value.
Really good news just pop out for ABHI, train is on the rail, water's boiling, big noise coming this way.
https://finance.yahoo.com/news/ambicom-open-business-140000074.html
"Truxmart's Q4 2017 revenues are expected to be greater than the previous three quarters combined."
That is something at least.
Dont know if it will run once Q's are filed, but pass that there is definitly a good chance for this to reach new high. I remember being on A*FE board when it was at 0.016 and people were desperate to reach 2cents but things turns out the business was good, people stopped seing the glass half empty and that bastard ran a full 15 bagger in less than 9 months.
Depending on the Q's and if Rossi manage to bring financing in, this could run big.
Im waiting just for that.
Interesting
Nop but wont be the first time a Q appear late in the otc, even coming from what looks to be a legit company.
That is one way to see it, but for an investor when you're researching a company and wants to have an idea of it's fair value or market cap, you cant always rely on the pps to give an accurate market cap because of fluctuation, momentum or manipulation so a more accurate way to evaluate the fair market cap is to do it with the net income and add a P/E ratio close to what you can find in similar company.
Yes MJ company are well known to reach P/E well over a 100 specially when expectations for futures are high.
But like I said before, there is a big difference between a true MJ company and a CBD company.
Dont know exactly but if it's only CBD products that are being sold here an MJ p/e would not be the most representative as CBD market and MJ market are 2 different machine.
Market cap is usually derived from net income and not revenue, to which you multiply a P/E ratio to further divide it by the number of shares to get a pps.
Yeah that could be a nice start, but that's not how you calculate a market cap to get a pps.
Up on high volume and down on low volume, has usual weak hands are getting shaked while a core of confident investors seems to patiently waiting for things to go up north.
Just a reminder, from last numbers we have which was Q3, net income was around 75k for the quarter which was the first quarter since the acquisition of big rhino and we know from CEO words that subsequent quarter were better than the first one so we can approximately expect net income from others Q to be around a 100k per quarter, with this conservative estimation we can expect a net income per year of around 400k. Add a conservative P/E ratio of around 10x, which is under the average p/e of most company of 15x, and you get a more realistic market cap. of 4 millions which is where we should conservatively be trading once financials drop.
Market cap right now is around 500k $, I'll let you do the math but there's a couple "X" bagger to be grabbed easily before we reach that market cap.
Didnt know hemp market was only 2 billions worth of annual sales that's real small market.
Future here is not that bright mate, Rite Aid is actually trying to end their contract with PVHO so seeing the rest of this contract going through is very unlikely, the Atm contract is only for 2000 kiosks so far there's nothing to get excited about plus we dont know yet how many stands coinstar will want to start the number could be ridiculously low if we take precedent contract as exemple. And to be frank only 2 contract in almost a whole year for a supposed cuting hedge technology that is below expextation.
I did not look into the dilution claim yet but if there is you know that's nothing good.
I admit that Rossi seems to be working hard behind the line but what stress's me the most is that we have not received any audited number for the whole year, we dont have any idea of whats happening behind close door and all we have to feed on is Rossi's words that, you have to admit, often seems overly hyped on it's future predictions, an almost too good to be true taste to my liking. I guess I'll be settle once the financials drop but right now its the lack of found informations thats holding me from investing more here.
So far everything in this is just speculation or anticipation, till we see numbers these words are hardly worth nothing. I also have my doubts on how they supposedly reach sales of 75 cover per day without trying, how was that counted?
Dont get me wrong I want to believe in the products, the company and in Rossi but so far there hasnt been meaningfull development in an entire year regarding the company and the sales of it's product, all we had in the last year are fluffly pr about how Rossi is trying to straighten the shell of the company and stuff related to paperwork but are we signing contract, are we publicizing the product, are we trying to reach out to market, what are we doing to grow sales number and bring money in?
I see Rossi having a nice set of goals for this company but not many of them can be ticked off by now and I'm starting to lose patience here.
In any case I would love to be proven wrong but so far I'm not impress.
Why, revenue are almost inexistant per 10Q. What makes you think something is coming here?