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jdcpa1 "StervC put out a scenerio where the 2 contracts alone with margins and a normal PE put this at 31 cents.." My view demonstrates that the poster you refer to lives in a different world from the real one. A profit margin of 20% is totally undralistic in this situation. My view is that a profit margin of 0.5 percent is way closer to the truth in the real view.
I read on Stocktwits that right now SPZI is the most shorted OTC stock when it comes to the number of shares shorted. That number was almost 120 million shares, which is almost exactly 50% of the number of shares that traded yesterday. This means that if the pps continues rising shorts are likely to sustain losses.
stervc "Just use the Substitution Property with your thoughts of a 2% Net Profit Margin and it would still make SPZI worth north of .03+ per share". You have to explain your reasoning in more detail since I am not knowledgeable enough/intelligent enough to understand your reasoning.
stervc "$600,000,000 Revenues x 20% Net Profit Margin = $120,000,000 Net Income" In my view a net profit margin of 20% on such big deals is totally out of the world. I guess a net profit margin of two percent would be quite optimistic.
peeved Yesterday I checked the price of chicken paw in what I assume is the biggest retailer in the world.I found more or less the same price as you mention. But it is the sales price and not PROFIT. The sales price is higher than I had expected it to be. There is not much meat in chicken paws but t hey are supposed to be very healthy for a long list of reasons. The chicken paws contain a lot of collagen. That may explain the demand for it in certain parts of the world.
shotsky "I doubt that their profit is above a couple percent." Let's assume the profit margin is 2 percent. That would generate profits of 12 million dollars with revenue of 600 million dollars.With a market cap of 55 million dollars the p/e ratio would be as low as about 5 just based on these deals. It is in my view pretty immaterial what the sharecount is. What matters is the market cap. People invest a certain sum of money. With a low pps they get a lot of shares for their money.
peeved I arrived at the same line of reasoning that you did before reading your post. Since the deals are so big I assume the margin will be quite slim but even a slim profit margin will justify a market cap of 55 million dollars if the prospects of the company are good.
shotsky "You can't get to $0.01 with an OS of 5.5B - that would make it a $55M company market cap, which is not going to happen with sugar and chicken paws, overnight." With 31 million shares you own a bit more than 0.5 of the O/S. It will of course take some time to uplist. The sugar and chicken paws deals mentioned amount to more than 500 million dollars as far as I remember. I have no idea as to what is a realistic margin. If it had been 0.5 percent it would generate profits of about 2.5 million dollars, which could justify a market cap of 55 million dollars since this is just two out of several sources of revenue.
His message to us makes me optimistic as a shareholder. To me he comes across as an honest person.
Crash I t hink the float is close to the O/S.
Ringing 7 Are you new to the stock market? Is the run over you ask. I suggest you check what happened to SPZI after it "arose from the dead" a couple of years ago. It is normal that a stock price rises by leaps and bounds in this type of situation with big slides along the ride. What we witnessed yesterday is hardly the only significant piece of news we can expect.
What impressed me about these impudent swindlers was how they performed during conference calls. My general impression was they were on top of a lot of detailed information and were generally able to reply very well to the questions posed. One person who raised a question after thesting the volume of activity of Nigerian farmers and it was extremely low. Dozy replied but I did not understand the details he mentioned in his reply. I now understand that this was a very revealing issue. A general fact the stock market should have attached much more importance to is that in practice companies face a lot of headwind in various ways. The African business never seemed to meet any problems!
15for2 Are you new to the stock market? It is normal to sell on good news. When some traders have sold the pps usually reflects future prospects.
lucky In my country my regular tax on income would have been reduced by some 38% based on the loss in selling TMNA shares.
lucky I get the impression that there was only one trade of almost 155,000 shares at less than a dollar. For tax purposes this may have been a very rewarding trade for the seller. At least that would have been the case if I had been a seller. I sold my last shares for almost 10 cents per share.
TMNA has now started trading again. A subst antial number of shares changed hands. Trades Volume VWAP Dollar Volume Avg Volume 52 Week Range
1 154,490 $ 0.000001 $ 0.139 - 0.000001 - 0.8624
La
I find it interesting that the pps is holding up so well after the strong rise.
shotsky I agree. The asked price was so high that it was meaningless. Anyway, the pps moved up to $ 0.0026 quite fast without any news. That looks promising.
dranes Generally, I agree wit h ypu. But I suspect that in this case it applies more to the asked price than the bid. I t hink the bid suggests that there is at least one buyer who is willing to pay the bid price.
dranes There is as I expected apparently some interest in this stock before trading opens: Volume: -
Bid: 0.0022
Ask: 0.008
renaissance You are right about the financial collapse before 2010. I then bought 47 million shares at a pps of $ 0.0001. I sold then at more than ten times that price. Last week I bought about 9 million shares hoping for another substantial rise of the pps.
BERKSHIRE The way the pps moved during the day looked surprisingly bullish in my view. The pps closed almost at its high on a Friday.
Jmc The size of the sugar contract in relation to the market cap of this company looks intriguing.
Evaluate Initially I had great luck in PCTL. I invested about 10,000 dollars at about $ 0.011. The pps soared to almost 10 cents in a few weeks. I took seriously the statements made by management and assumed that a dollar could be a fair price in view of the rosy prospects. Therefore I did not take any profits in the vicinity of that pps. Now I get the impression that the big run that has started in this stock may take the pps substantially higher. I bought 4.7 million shares at $ 0.0011 and has 100% gain in a few days. More enticing news has made me more or less doubled my stake at a much higher pps.
Evaluate I think I remember you from the time this stock returned from the dead. I then owned almost one percent of the outstanding shares. I have not owned any shares when the business activities failed. This week I have bought about 9 million shares.
elmasry
"It does matter because when it goes to 5 or 6 pennies it would not matter if you bought at 13 or 22." This line of reasoning is totally wrong in most cases. The point is that investors spend a certain sum of money. The lower the stock price the more shares are bought for the money. The higher the pps soars the bigger the difference will be.
Longstrongsilver I grabbed 2.35 million shares at $ 0.0022.
I look forward to more coverage.
He stated there will be more in-depth coverage in about a week.
jd Thanks very much. I have bought a speculative stake today.
Not corect. The link is linkin. You don't get the text by pressing the link. That is what the regulataions refer to I think. It does not every if everybody can become a member of linkin.
According to the current rules posters are not supposed to post links that are oncly accessible to some people as far as I remember. I think that is a good principle.
gosox I have always looked on this stock as a very high-risk high-potential stock. It is therefore no big surprise to me if it is a scam and that we have been swindled. That has happened again and again to me since I go for these kinds of stocks. But I assumed that it was more probable than the opposite that the numbers published in the last few years were not totally false. If they are not false the shares are cheap. If it is possible to sell them to the company in a way that means that it is certain that the seller receives 20 cents per share are very cheap too.
Thanks for the information and for the kind words, Laxmi!
Dear Laxmi,
I am delighted with the slightly changed date the remittance will happen and the fact that the sum will increase by 50%. I would think everybody who is to receive money will react in more or less the same way. By the way, do we have to e-mail even a third W-8BEN since the remittance will relate to three and not two verticals?
RD What is your reply to this quite detailed post by zerohedge?
Thanks very much Laxmi!
Dear Laxmi,
"Cow Capital will be the sponsor company on all the 5 SPACs planned" What are the implications of this for the shareholders of IREEM? Will Cow Capital have stakes in these SPACS? If that is the case how big percentages when the companies start trading? When do you anticipate that Cow Capital will start trading on a stock exchange?
Thanks RD! eom
RD Thanks for providing these exciting insights! One thing I don't understand in this new picture is where Cow Capital is.