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Bring in Kanye West! The money would really flow then
Yes, it should be a good stock sometime next year. Here is what it says towards the bottom of their updated website:
"Patience rewards those who know the difference between expectations and performance.
Happy holidays to all and on to the New Year with new beginnings."
https://pugettechnologies.com/
The typical low volume, stock manipulation walkdown, while people are gone for the holiday
I wonder why HRAL can't get a registered agent. They haven't had one since April.
The market looks ahead on Biotech and Pharmaceutical stocks. They are typically priced differently than regular stocks. The market cap here with NSPX is extremely low
The share count is maxed until November 27th.
Gilead Sciences has a $75 billion market cap. NSPX has a $2 million market cap. Remedesivir works for many other indications and is a very popular drug. NSPX with their adenosine receptor catalog will be competing in the same space.
NSPX has similar adenosine targeting as Gilead Sciences and Remdesivir.
Yes, the stock should move when they get on the NASDAQ. Good to hear that is the plan
Yes, hopefully the company starts marketing themselves to potential investors. With a float this small the stock could run big
I wonder what the timeframe is to get on the NASDAQ?
That is what people were saying last week
Siemens and Canon are very large companies. Wetouch is one of the largest touchscreen manufacturers in China. The touch screens for automobiles is one of their largest markets
Here are a few links from 2017 that give info on some of their customers. Most of this info is in the ibox. Although I need to update it
Page 8
Sichuan WeTouch’s touchscreen products are sold to a range of institutional customers. Its top key existing customers are: > Hong Kong Caibo Tech Co., Ltd; > Shenzhen City Diret Technology Co., Ltd; > Shenzhen Soling Industrial Co., Ltd; > Canon (Suzhou) Co., Ltd; > Multimedialink; > Mesada Technology Co., Ltd; > Siemens Industrial Automation Products (Chengdu) Co., Ltd; > Shenzhen Tokwa Precision Technology Co., Ltd; > Suzhou Weinview Co., Ltd; > Telerex Nederland B.V.; > Taiwan Yili Electronic Industry Co., Ltd; > Omron (Guangzhou) Car Electric Co., Ltd; > Hong Kong Car Control Technology Co., Ltd; > Thai International Trade (Shenzhen) Limited Division; > Computer Express LLC; > Schneider Electric (China) Co., Ltd; and > AKG Technologies Inc.
https://www.upcomingfloats.com.au/Prospectus/AUSTRALIA%20WETOUCH%20TECHNOLOGY%20LTD.PDF
Pg 24 lists some of their partners in the slide show below
https://pdfslide.net/documents/wetouch-company-profile-201611.html
I will update the Ibox some time this week.
*On 10/14/20, WeTouch officially merged into the GLFW shell with the filing of the Form 10-12g
*WeTouch has $19 million in cash as of 6/30/20 with Total Assets of $43.2 million and Total Liabilities of $8.7 million
*WeTouch had $40 million in revenues in 2019
*WeTouch had Net Income of $13.7 million in 2019 and $11.8 million in Net Income in 2018
https://www.sec.gov/Archives/edgar/data/1826660/000149315220019460/form10-12g.htm
Looking forward to WETH going to the NASDAQ!
This company is making moves quickly. I was hoping they would apply for the NASDAQ so that is even more good news.
Consequently, as of September 30, 2020, the Registrant's total debt, including taxes ($0.0), convertible notes, principal plus accrued interest ($1,554,049), salaries plus accrued interest ($2,047,067), advances plus accrued interest ($711,313), and miscellaneous debts plus accrued interest ($7,925) was $4,320,354. As of October 21, 2020 that number was reduced as a result of the Conversion Agreement referenced in Item 1.01 and conversions under the conversion notes plus added interest to $256,757.
https://www.otcmarkets.com/filing/html?id=14458758&guid=w47eUeKdSJSrF3h
$PUGE
That would be HUGE for PUGE!
With $13.4 in net income and $19 million in cash GLFWD is severely undervalued. The market will find it soon
If some group or entity bought up this float this stock could really run. It's undervalued and with a float of only 700,000 shares it could really move quickly
It's from 2017. I believe someone on twitter didn't see the date
Yes, this should be above .02 permanently now
Nice day today
Gilead's Remdesivir just gained Covid-19 approval from the FDA. Remdesivir is an anti-viral adenosine prodrug. It will be interesting to see if $NSPX announces interest in potential therapies for Covid-19, since they too have a pipeline that targets the adenosine receptor. Remdesivir is the first drug approved by the FDA for the treatment of Covid-19
We should be seeing a symbol change soon too
The stock has a PE of 5 right now. It should have a PE of 20 to 30. These are definitely bargain prices
The law firm handling their filings is in New York City. Hopefully they have some Wall Street connections so this stock gets some visibility.
People got a little antsy being unable to trade for a few weeks so now they are getting out.
Hopefully the company has some investors lined up once things settle in. The PE on this stock is ridiculously low.
China GDP up 4.9% in the 3Q
The economy is starting to recover there.
I don't know but they will be changing the ticker symbol from GLFW to WETH
I just posted the SEC link at the bottom of the ibox. I will add more to it some time over the weekend
You're welcome, it is kind of hard to find
The Pre 14C says the AS increase wont take place until November 16th
It was at 3 million after the reverse split but then Wetouch was reverse merged into the shell a few days ago and that added an additional 28 million shares to the outstanding share count.
EPS based on $13.7 million Net Income and 31 million shares outstanding
31 million shares outstanding
$13.7 million in Net Income
'
(Net Income in 2019 was $13.7 million Page 61)
https://www.streetinsider.com/dr/news.php?id=17471582&gfv=1
Wetouch - EPS and PE Ratio
EPS = Earnings divided by shares outstanding
Wetouch had earnings of $13.7 million with 31 million outstanding shares
Then $13.7 million divided by 31 million outstanding shares = EPS of .44
.44 EPS x PE Ratio of 40 = $17.40 share price
.44 EPS x PE Ratio of 30 = $13.20 share price
.44 EPS x PE Ratio of 20 = $8.80 share price
.44 EPS x PE Ratio of 15 = $6.60 share price
.44 EPS x PE Ratio of 10 = $4.40 share price
The average PE in the Tech Sector is in the 20 to 30 range.
Also GLFW has a very low float around 700,000 shares
WeTouch has $18 million in cash
New trading symbol will be WETH
Net Income in 2019 was $13.7 million - (Page 61)
Revenues in 2019 approximately $40 million
Total Assets: $43.2 million
Total Liabilities: $8.7 million
Cash: $19.2 million
(Page F-1)
https://www.streetinsider.com/dr/news.php?id=17471582&gfv=1
GLFW Share Structure (After Reverse Merger of WeTouch into GLFW Shell on 10/13/20)
300,000,000 - Authorized Shares - 10/16/20
31,396,394 - Outstanding Shares - 10/16/20
30,694,862 - Restricted Shares - 10/16/20
701,532 - Unrestricted Shares - 10/16/20
*Guangde Cai owns 6,754,286 of common stock equaling 21.51% of outstanding shares
But that was as of October 6th. There has been a lot of volume since then. So I would imagine the OS is maxed or very close to it by now.