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Beautiful day, way to smack those 3s.
3.1B traded in 3 weeks, with a float of 3.4B, we seem to be almost ready for next move.
That doesn't necessarily mean they will be on NASD in 4-6 weeks though.
Tough to say, I would assume you are correct though because Bidi Pouch didn't start selling until January.
These guys seem smart, so I doubt they would have revenue projections already for a brand new product.
Yup, 130M shares so far today. Took out that ask on the 3s.
Love the churn, float is getting locked which will make the next leg up thinner.
Just gotta break this 44/45 area and we should be off to the races!
If this RLX is worth $14B there is no way we shouldn't be valued ATLEAST at a tenth of that.
Their revenues for the last 12 months are right where KAVL expects to be for 2021.
It would also represent, in my estimates, a nearly 4x growth from 2020 for KAVL, which I think would be easier to accomplish than RLX going from $400M to $1.6B.
It's a scam that is staying quiet to avoid jail time yet also dangling the carrot in front of investors?
They were quiet for nearly 6 months, why in the world did they file that 8K telling us what they were doing, if the whole plan was to disappear?
Why in the month of December did they post to hire someone with SEC experience for a public US company? So that investors would find it and buy more shares that the insiders aren't selling?
Why do they continue to ink deals, reference their CareClix.com website which specifically states CareClix Inc is a subsidiary of SOLI? You'd think since they constantly update the website that they'd take it down to avoid that jail time no?
Sure thing boss.
Can't have it both ways Elvis.
EdF this is kind of hard to believe.
On one hand, I'm told CareClix is a scam. On the other hand I'm told anything we read about CareClix, is not the CareClix we own, yet this job opening is to help build the accounting department for a "subsidiary of a US public company".
It has a link to careclix.com in the posting which specifically states it is a subsidiary of SOLI.
Why are they looking for someone with experience in filing with the SEC or with experience with SEC compliance?
Financial Controller- job post
CareClix
Alexandria, VA 22314
Job Summary: We're looking for a GAAP Savvy Controller who can manage and build our accounting department as the company grows. Position serves as the principal accounting officer of an operating subsidiary of a US public company.
https://www.indeed.com/jobs?as_and=Controller&as_phr=&as_any=&as_not=&as_ttl=&as_cmp=careclix&jt=all&st=&salary=&radius=25&l=Reston%2C+VA&fromage=any&limit=10&sort=&psf=advsrch&from=advancedsearch
Incorrect again.
Those employees work for CareClix Inc, a subsidiary of SOLI.
You are mixing up CareClix Network. The legal entity housing the doctors (for liability reasons) that perform services for some of CareClix's customers.
Your example is flawed. SOLI is not the accountant. SOLI is not the auditor. SOLI has no say in when those individuals will complete their work. They expected end of the year, but unfortunately it's out of their control.
Okay, I lied bugstocks, per their SEC filing...
Ordinary shares issued and outstanding immediately after this offering
1,553,315,570 ordinary shares, comprised of 116,500,000 Class A ordinary shares and 1,436,815,570 Class B ordinary shares (or 1,570,790,570 ordinary shares if the underwriters exercise their over-allotment option in full, comprised of 133,975,000 Class A ordinary shares and 1,436,815,570 Class B ordinary shares).
So 1.55B shares @ $10 = $15.5B market value.
They have a 37.6% gross profit, compared to our 12.6%.
They have a 5% net profit margin vs our 7%.
Based on their 1.55B shares outstanding and their $16M net profit for Q1-Q3 2020, that means an EPS of $0.01. For Q2 and Q3 for KAVL we had a $.013 EPS.
So these guys are going to be trading at a 1,000 P/E. Even though they have a 60% market share, a 1,000 P/E seems high, but if everyone in the space gets 1,000 EPS, I'm fine with that lol.
I will take a small R/S to get on NASD and get our 1,000 P/E.
I don't see that $14B valuation.
What I see is 618M shares owned by insiders, plus they are selling 115M at $10, so roughly $7.3B at the $10 share price.
Regardless, based on their revenue and EPS, they should NOT be valued 36x KAVL. If anything, I'd expect them to be 5-10x KAVL at most which puts KAVL in the $3 range like you said.
Good find man, once they start trading that should really help us figure out a valuation here.
You have done some great DD EdF!
The things you've uncovered really shine a light on the behind the scenes activities during this quiet period.
When the financials are posted, I'm sure we'll have some new battles to fight, but overall I think we know CareClix and SOLI have a bright future.
Initially sure, but don't forget, KAVL isn't your everyday penny stock. It's not some pipe dream. We've seen the revenues, we've seen the Goldman report, we know they just released the bidi pouch, and I'm assuming soon we'll see this new synthetic tobacco product.
With that said, I'm not sure how stringent the NASD rules are. I'll see if I can dig up anything because don't forget there is also supposed to be a minimum of 300 round lot shareholders.
I'm hoping I can find some sort of ruling saying the minimum bid price/shareholder count isn't the most important part.
I'll let ya know!
I can't believe NYC is promoting a worthless scam.
I can't believe the City of San Diego signed with a worthless scam.
I can't believe American Express is working with a worthless scam.
Facts will always trump opinions.
Interesting theory.
Mine is a bit different though. Hope that is okay with you Huggy.
obviously worthless
Doubtful Huggy. I'll wait for you to provide a shred of evidence.
Opinions don't really do much when we have facts to back up our claims.
There wasn't a promise in there.
If the whole point of SOLI was to disappear into the abyss to "avoid jail time", then there was no reason to file that 8K.
There would be no reason to continue to sign deals under CareClix Inc, the SOLI subsidiary. There would be no reason to continually hire individuals under CareClix Inc.
Incorrect Elvis.
Another 100M shares changed hands today. Float is getting locked up.
Please provide this "promise" you continually mention.
CareClix has real contracts, proven through third party websites and city contract databases.
CareClix continues to hire more and more account executives.
Hard to call CareClix a pump when they are actually building a business.
No reason KAVL can't be a billion dollar company.
The way the company is growing, I can see holding KAVL shares for many, many years. Not holding all my shares from sub penny, but I will always hold some KAVL in my portfolio.
End of January is the deadline.
Good luck to you. $$ Talks.
Good luck to you.
While TXHE is dormant, I have SNRY, ICTY, AFPW, CNGT all moving in the right direction. I have time to wait it out.
I expect a move like AFPW one of these days.
Tick tock!
I'll put my trust in the company and their SEC attorney. Thanks for your concerns though Elvis.
Yeah, CLHI is a merged company, I was just saying now before new company comes in. After they come in, the sky is the limit.
SNRY is another Synergy play trading at $10M market cap today.
BABL sub $2M market cap.
Just a matter of time before it catches up to where the rest of these Synergy plays are valued.
Haha same, it's frustrating to see KAVL priced where it is currently, but keep on showing us the solid numbers, show us our market share, show us new products/investments and we'll be on our way.
Amazing, love that Goldman chart!
Sounds like someone had a bad trade and is taking it out on someone else.
CNGT is looking great!
I don't care man. Flippers are part of any stock, you really shouldn't bother yourself with that stuff. Focus on the chart and the catalysts.
We have catalysts here, we have an uptrend, we are up 550% since mid November. Some things take longer than others.
I'll keep holding, you can do whatever you please.
Patience pays. Don't sweat the day to day.