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If anyone reads the last Quarterly Murray still owes Foresight over 60 million in accounts receivable and they still plan to make due on their responsibility. With the new CEO being Foresight’s then one can only wonder the possibilities on how to collect for that!
Nice thing is that all the right things could come together for Foresight right around the same time frame. Their mines are the cheapest to operate so would be the last to close out of all the mines in the Illinois basin so they can last. Shit part is these companies can claim BK and still operate and come out clean but Foresight imo is not to that point yet and I believe management has a plan short and long term to pull this out. I do believe they have something to do with the share price so low
Damn phone I meant China is importing huge amounts
Trump is holding tariffs as a bargaining tool for the next phase! If trump was truly smart and meant what he says about the coal industry he would work a deal to have China lift the coal tariffs so company’s can be Competitive. There are too many countries that are right next door to China producing high amount of coal right now. China only has 14% of the worlds reserves for coal but are using over 60% off the world coal so they absolutely have to import I’ve amounts from here on out
If they lift the tariffs off of energy between China and the USA this could be a very big play with the other possibly catalysts coming, only if they avoid BK however
It’s going no where until the middle of February at the earliest
KWBT wow. Penny stock exempt 40M Revs and timing
KWBT running
Hope you bought KWBT .0384 now
KWBT dilution has drastically slowed down the last 2 days so if that’s coming to an end with over 40M revenue for 2019 and they are also close to ramping up addition to their supply distribution plant by 40% their Revs for 2020 could be up to 50-70M and only sitting at .0278 right now. Was alerted 3 days ago at .0185
KWBT Booming 40M 2019 Revs .02
KWBT booming 40M Revs 2019
KWBT Booming
KWBT on the move huge bid support and volume coming in. Company does over 40,000,000 Million Revs and it’s at .023
The thing is if you have truly done your DD and believe they will negotiate the debt for better terms and avoid BK then you would be happy to get as many shares down here at these prices. The company laid out the story for us with them asking for another extension until February which means they will be in quiet mode until then hence why the lower prices right now. Sure it’s a gamble but the reward in my opinion is far greater than the risk. If the company was going to BK they would with Murray and then the new Murray company would have scooped up their assets imo
2 reasons why someone shouldn’t be trading. 1. Playing with $3000 and can’t afford to lose it. 2. Can’t read filings and understand debt negations deadline is extended until February
Yep KWBT and FELPU both on high alert for updates which could send either soaring
Great post and exactly what I feel is going on here
KWBT going
Merry Xmas everyone! Looking forward to seeing what’s to come
This is so ridiculously thin
Nice hits coming in
Just going to take a little patience because I believe Foresight will use most if not all of the extended days they have asked for which will carry into February. But if most investors not traders understand this then the support here should only strengthen as we move closer to the end of the extension dates for renegotiating the debt! Imo it’s a key part in Murray’s BK to have Foresight hang tight and keep a low profile until they edge closer to finishing up their BK proceedings.
Clueless!! Doesn’t even understand what’s going on or how to read an 8K.
I agree I came in on Friday and added at these levels today.
I just hit the like button! Great post
Great 1st post. Read the 10Q and cash on hand and receivables it’s almost 3 times the interest payment. They can make the payment however the timing of the coal market along with Murray BK allows them a perfect window to pump the brakes and put themselves in a much more favourable situation for the future.
Should be less than 58 days now. 150 days from October 1st
PUMA is one which can make you pull your hair out more often than not. A lot of times you will see PUMA on the high bid and rarely, if ever, on the ask. Then, there are times where you will see PUMA boxed in (on the high bid and the high ask) with a wide enough spread to “scalp” the in between as well as scare investors into selling to them on the bid.
What PUMA will be looking to accomplish is one of two things: either accumulating ahead of an anticipated public event, or a short covering before a possible move to the upside. Either way, this battle can last weeks and makes seeing them atop the bid/ask of a ticker one you will only want to enter into if it’s understood you could be there for awhile.
Picked another 70K today! I honestly don’t mind the dips I was worried about getting more and didn’t want to pay up since I’ve been buying since .025. Sitting on a good little clump of coal now
NAKD popping right now. Breaking out
And INPX closed at .105
NAKD beginning to start a passionless run as well as INPX! Could both be quick short pumps for some $$
INPX running
That’s because it use to be Eco Global and was traded on the OTCBB under ticker symbol ECOG*
There is also over 9,000 energy plants in the USA alone using coal for energy. Netherlands is #2 on importing coal and if you look at where Foresight ships to and where their broker is it’s in that same area and trade deals are being made with Trump and Boris check trumps tweets on trade and energy. Also look at all the new plans being made and that are in planning mode in Asia they are ramping up coal! South America is producing high amounts of steel and that’s the easiest place for us to ship
Due to the ownership of Murray and their BK proceedings this will be drawn out a bit and become a waiting game for some. I have not seen anything other than strategic chess moves in the bargaining process! Remember
Global steel production is dependent on coal. 70% of the steel produced uses coal. Metallurgical coal – or coking coal – is a vital ingredient in the steel making process! Foresight is poised to capture on the demand for this and pricing is going up for this
Stick to the lower penny plays
That was actually at 16:00:09 so it closed at .087