Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I think they read all emails and listen to all messages. They just don't answer. Can't say as I blame them. They can only repeat what's already public and they'd have to have an attorney review all questions before they could answer. That all takes time and money so I guess they expect everyone curious enough to contact them to be satisfied with the filings and PR's. They've already spent time and money on attorney fees on those so they don't say anything improper that might get them in trouble. Why have to do it again and again, rehashing what's already public?
I did email them once to offer my services for sales, since there are a number of hemp growers and processors in my area. Never heard back. But if they've already signed off all distribution rights to others, why would I? Just thinking out loud here.
Yeah, 4001 shares of 2's printed, 80 cents worth. It's all paint but could wreak havoc with convertibles.
I'll guarantee, if you get 1's they'll hang around your neck like a stinking albatross you'll never get rid of. You'll curse the day you bought them. But that's just hypothetically speaking. I don't think you'll get any 1's.
Some are deep sleepers.
Humboldt county lies within the Emerald Triangle, a region in Northern California, named as such due to it being the largest cannabis-producing region in the United States. The region is made up of Humboldt, Mendocino, and Trinity Counties.
SIML is smack dab in the middle of the country's cannabis biggest sweet spot. Quite the neighborhood to be selling extractors in. And just north lies an area known as the hemp belt, in southwest central Oregon. They could almost go door to door selling extractors and do well.
Simlatus, United Opportunities, Brand House and et al are all in the cannabis industry, pooling resources and growing rapidly and mutually together.
https://www.otcmarkets.com/filing/html?id=13351128&guid=cIhSUa7s8DcySth
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
ON March 29, 2019, the Company and its subsidiary, Proscere Bioscience Inc., entered into a Distribution Agreement with United Opportunities, LLC allowing the rights to sell the CBD/HEMP Cold Water Extraction Systems within Canada and Europe.
The term of the agreement is for five years with guaranteed minimal purchase orders of $35,000,000 per year and/or $175,000,000 over a five year period.
Shawn Illingworth is the Managing Partner of United Opportunities, LLC, and the company was formed in 2017 in overseeing the purchases of multiple cannabis farms in the Humboldt, Adelanto, Needles, Nipton, Cal City, and Searchlight areas of California and Nevada. The company currently cultivates medical grade crops on a grand scale and supply product to all the major manufacturers and extraction companies in the industry. Future plans are to expand the company and distribute internationally through attaining cultivation centers in Canada, Europe and Australia. United Opportunites is currently opening an office and showroom in Las Vegas, NV which will round out its current operating platforms in New York, Florida, and San Diego, California.
https://www.otcmarkets.com/filing/html?id=13566146&guid=z8hSUpw5UPuLZth
Purchase Order for Proscere Biosciences Cold-Water CBD Extraction Systems with Alcohol on July 31, 2019.
Pursuant with the distribution agreement with United Opportunities, LLC, where as on March 29, 2019, the Company and its subsidiary, Proscere Bioscience Inc., entered into a Distribution Agreement with United Opportunities, LLC allowing the rights to sell the Cold Water CBD Extraction Systems with Alcohol within Canada and Europe; the company received a commercial purchase order from United Opportunities, LLC on July 31, 2019 to manufacture 4 Cold-Water CBD Extraction Systems with Alcohol for one of their customers in the amount of $16,945,668. After manufacturing and delivery, the net profit is approximately $8.4 M. The term of the Agreement with United Opportunities, LLC is for five years with guaranteed minimal purchase orders of $35,000,000 per year and/or $175,000,000 over a Five year period.
UNITED OPPORTUNITIES, HUMBOLDT LLC
https://www.bizapedia.com/ca/united-opportunities-humboldt-llc.html
I hope you've got stronger hands than Swimmingly.
So far only 29M of today's 216M volume is provable dilution.
The FUD factor looms large today.
Of course it's only an estimate. It's impossible to know the true O/S until the company allows it.
Hope you're right about it not being dilution. That would mean there was only 15M in dilution sold today.
Wasn't watching that close to see who was bidding what, glad that someone else was. However, diluter's BD can route through another BD if they want. 76M shares is an awful big mouthful to swallow all at once if retail. Institutional not so much and my reasoning for thinking it was dilution sold to an I investor.
Every toxic convertible loan I've ever seen (I've seen and read dozens) limits the diluter to owning no more than 5% of the O/S. 76M shares is way over that amount if the O/S is less than 1.5B. Also, anyone owning more than 5% of the O/S of any stock must file a schedule 14 within a certain time frame of that ownership. None have been filed yet but I believe there's still plenty of time.
As I said earlier, I have a position, though small. Will add if it turns around.
Nobody in retail buys or sells 76M shares all at once and if someone in retail did by some slim chance want to sell that many shares all at once, the chance of finding someone else in retail that wanted to buy that many shares all at once is slim to none. If sold to retail it would take a dozen or more trades to do it.
It looked more like a trade that took place within a single BD that had both the diluter and buyer as customers. They simply matched the buyer with the seller and saved them both a ton in commissions and fees with one single transaction and no need to post a clearing trade later allowing for C & F.
It was most likely a diluter that sold and an institutional investor that bought. Which means there was 91M in dilution sold today, counting the 15M avg trade AH. Whoever bought it very likely already owns a ton of shares and will have to file a form 13G, or a form 4 if it was an insider. So if a diluter had that many share to sell the O/S has to be at least 1.5B.
Hard to say. It's all computer program driven so maybe just a rogue program. Beyond that, no clue. I seriously doubt there's any significance to it, though.
I'm guessing if they had they would have said so. Or maybe not since many enter their bids and then go about their lives. Maybe later they will say.
It's hard to imagine that a 76M share bid whack didn't fill a few bid sitters. But if it didn't, that's a key indicator.
He saw them being manufactured, inspected the finished product, witnessed function and performance and said he was impressed. Call him if you don't believe me. His number is easy to find. I'm sure even you could find it.
I haven't seen them but Mike Mulder did before he signed on to buy several. His number is easy to find. Call him and see for yourself. Same with United Opportunities.
Right now it's about 1.5B. Could be more, but's it's not less.
A purchase order is a legally binding contract signed and agreed to by both parties. Break one and you get your ass sued.
LOL Just noticed I said 2 and not 5 notes, which it was.
If the float stays static the only thing that will bring it down is TLS and that might even be absorbed by the hopeful. The possibilities here are still to big to sell and walk away for any reason unless it's official the deal is off.
If you're saying irrelevant because of cash payoffs, they already said it was cheaper to let them convert. Makes sense if the rate of payoff is anywhere close to what it was to payoff the last 2 at $400K per note. If they pay off the remaining 31 notes at that rate, you're looking at $12.4M total. So it would be far cheaper to let them convert. When they show they are receiving payments for extractor units already on order, the price will run higher and fewer shares will convert. That's the only saving grace to their logic.
4 seems to be the lowest they'll whack.
Chart looks good. BB's tite, RSI dipped briefly below the 30 line and now trending higher, CMF above neutral line, StohRSI slow line above 80 but the best is the ADX line is below 10. Last stock I was in with an ADX line below 10 went from low trips to .0075 in short order.
SIML TA has the potential to be the start of something big.
Not sure about that. Sounds more like Brand House acts as a sort of marketing arm for clients. All I was told was the orders are real and waiting to be filled.
Start ups don't start at the top.
https://www.slideshare.net/slideshow/embed_code/key/zgDWqQeHRJ9l2T
I don't think Brand House buys any product. They market product and take a cut for services. That's my take.
HDYMANIAC, I can't answer PM's.
Patent protection begins as soon as application submitted, as that is when it becomes pending. If they have submitted apps for patents, they are pending. I would think they would do that but but have they?
I now know for certain that Brand House orders are in place and SIML's manufacturing facility is viable and fully functioning. IMO, that gives increased validity to the orders from United Opportunities. The fact that extractors are hard to get makes more orders almost guaranteed. IMO.
It's just a matter of waiting for the extractors on order to roll off the line, get paid for and dilution to stop.
Big difference between a balance sheet and an income statement.
You'll have to take that up with the auditors. The ones that won't be auditing SIML's next Q report.
I agree with you. But the time element is the kicker. In time peeps lose interest, move on and the drift lower continues.
Then they lied about receiving $20M in sales of extractors in in the 1st half of 2019, didn't they. Oooo, that's not good. They'll have to pay for that.
There being any difference between sales and revenues is all just semantics.
Or converted into non-dilutive agreements. The debt already in default would be the most likely candidates for that.
SIML Retires $400,000 in Convertible Debt With Sales Over $20M During the First Half of 2019
San Francisco, California, Aug. 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Simlatus Corporation (OTC PINK: SIML) (“Simlatus” or the “Company”) today announces that the Company entered into a Release Agreement in July 2019 and agreed to pre-pay the entire balance of a convertible note dated January 31, 2019 with the original principal amount of $33,000 between Emunah Funding, LLC and SIML. The current principal amount of the Note is $77,800. Upon the full execution of the Agreement, the Holder released and returned to treasury 40,000,000 shares of common stock valued at $400,000.
About SIML: While acquisitions of companies in the hemp sector accelerate worldwide as industrial and consumer hemp/CBD markets develop, our Proscere Bioscience is the company’s division focused on the CBD industry with sales over $20M during the first half of 2019 for its Cold-Water Extraction System.
https://smallbusiness.chron.com/difference-between-net-revenue-net-sales-cost-sales-gross-margin-64043.html
What do ya wanna bet that at least that $20M shows up on their income statement on the Q3 report? Maybe more. Remember Q reports aren't audited. They can fudge a little and not have to make up for it till the annual report. By then it won't matter and could very easily be covered up with much bigger and better numbers.
Locally, 3 hemp farmers trying to hurry the drying process had their drying barns burn to the ground for a total loss of an estimated 3000 plants each. Each plant when dried will yield about 3 pounds of biomass. At the current price of $300 per pound that's a $2.7M loss per barn and hemp farmers can't get insurance. CBD hemp is still technically illegal and insurance companies won't touch it.
Plus, the first to get extracted product to market get the highest price before end of season saturation slowly takes hold. So the race is on. That means money is no object to farmers and processors eager to get their product on the market. That works nicely in SIML's favor so they better get it in gear and get their extractors built and sold to satisfy a market ravenously in need of them.
I've been in the red for months on some of the biggest scams out there....before they exploded up 1000's%. Never underestimate the power of a good story. The mono they can gather can be phenomenal.
Retail loves good stories. And they require so little in verification.
Well looky there. A day without them selling dilution. That hasn't happened for at least a couple weeks. Maybe it's a sign. And that's a big maybe.
Have you talked to Mulder to confirm that they could manufacture several units simultaneously? There would be your proof and until you do it's moot to discuss it.
That says nothing about being able to build multiple systems at the same time.
I'm still waiting on an answer to my questions regarding what you claim to know about SIML's manufacturing facility.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151880073
So far all that's publicly revealed about their manufacturing facility is this page about Proscere that is accessible on SIML's website. http://simlatus.com/wp-content/uploads/2019/07/SIML-Proscere-Fact-Sheet-2019-07-15.pdf
It's now known to be from BrewBilt's website. Got something more convincing than pictures of
brewing tanks?
Something big was supposed to happen today. Thursdays are usually big dump days. Is that what's coming today?