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Not a lot of information that isn’t already known, only take a way that stands out is there working capital is $227,798 as of April as to $29,442 last July, 2017. NOTE: the gap, assuming October’s and January’s Quarters are still under review by new Accounting firm. There will most likely be an Amended Quarterly Report coming out later on.
1) Company now registered in Wyoming.
2) On March 17, 2020, the Wyoming Secretary of State approved the company’s increase of authorized common stock to 10,000,000,000
3) Our principal executive and administrative offices are located 605 Portland Avenue Suite 154, Gladstone, OR 97027 the telephone number is (866) 561-6679
4) Will Stephenson Advisory LLC is now there accountant. (new)
April's Quarterly Report is out, NNRX is current. have not read report yet.
You know that your spelling the last name wrong, it’s spelled “Riffel”. You are searching under the wrong name.
Could you please give us the source of your information?
Who knows, maybe they are finally going to get the New web site going???? Or, not… Still the waiting game at this point, time will tell. Don’t think they would have put out last Q Report to get up to date if something wasn’t going on. Waited this long a little longer only cost time at this point. Seeing the 2’s pop up every now and then is more than has been going on. Anyone’s Guess.
Just a uplifting thought. Wouldn’t it be nice if NNRX was actually buying back shares and when the next Q report comes out we see a nice rise in the companies Treasury Shares?
Very wise statement! Glad to see you understand the down side to trading using a market order. There are very few reasons for anyone to use market orders. The other possibility is they just put in to many 0’s in there order and didn’t bother to look at there order when asked to confirm it, another mistake traders make. Always check your order before confirming it.
I’m not quite sure of what OTC is referring to when they have a line item named”Shareholders of Record” (35 holders). Any trader that purchases shares and holds them the over two day are considered a shareholder of record for as long as they hold them, according to SEC] and is entitled to any dividends that are given if any. I can only assume that OTC is referring to shareholders of Restricted Shares (117,769,142) that are being held. I can not find a definition on OTC’s site for”Shareholders of Record”; it is evidently different than what SEC considers a”Shareholders of Record”.
The NEW Outstanding Share count is out for the month of June. Too my great surprise it did not go up as I had expected it to. That is a very good sign as that means all the trading that has been going on has been among traders and not NNRX adding new shares to pay bills lately. I can’t wait to see the next Quarterly Report around the end of the month or first couple weeks in July.
Very funny, saw the movie several times. Your comment fits the current condition of the company to a tee.
This came to light back on May 13, see post below.
POST
"ccox44
Wednesday, 05/13/20 03:27:43 PM
Re: None 0
Post # of 48955
I also notice on OTC’s site there accounting firm is now on the "Prohibited Accountants / Auditors List" of OTC. See “PCAOB Release No. 105-2020-003 / April 16, 2020” for details. The accounting firm’s violations date back in 2014 through 2016 and do not involve NNRX. NNRX will have to find a new accounting firm for there next reporting period."
As for the volume in the last couple of days, I am assuming that the large portion of shares traded are for a transaction that has taken place, incentive pay or new investment. Outstanding share count will most likely go up this month.
I like your logic, even if it does go from .0001 to .001 in a quick move, you’ve make money. And from there if one buys more shares, those shares double in value by going from .001 to .002 which is still a nice move.
Truth be know, I’m fighting with myself, I told myself not to buy more than 20 mil shares of NNRX. With the price staying at .0001 it is very temping to buy more. $500 buys you 5 mil shares, if it goes to .001 your $500 turns into $5,000. The closer it gets to reporting time the harder it is to restrain myself. Good news will make this stock make a quick move up. Even the difference between .0001 and .0002 you’ve doubled your money.
Can’t wait to see what NNRX finally did with the $500,000 they got to buy Hemp.
Would be nice if all the buying of the .0001’s were buy backs wouldn’t it. Guess we’ll know sooner than later now.
Next Report should be around the end of the month, Quarter ended April 30. Would be nice to see a PR come out before Report, but doesn’t look like it will happen.
Are some share holders here sending certified letters turning over there voting rights of your shares to another person? If so, watch how you are wording those letters, you could be giving another person more control over your shares than you think. If not sending a certified letter then that person will not have any greater control than they had before.
New outstanding share count out, now stands at 3,815,962,449. It is an increase of a little over 522 Million. This was expected, NNRX has to put up something for there part of the partnership that involved $512,000 as well as any other obligations incurred.
I also notice on OTC’s site there accounting firm is now on the "Prohibited Accountants / Auditors List" of OTC. See “PCAOB Release No. 105-2020-003 / April 16, 2020” for details. The accounting firm’s violations date back in 2014 through 2016 and do not involve NNRX. NNRX will have to find a new accounting firm for there next reporting period.
If I had to guess, I'd say he's trying to get some of the free money that the government is floating around. Being a small business with a few employees he's a perfect candidate. If you already own the stock there no reason to sell onto it at current price. If your looking into buying, it's your decision, but I would keep a close eye out for news or PR with a good read before I invested. As soon as you see the good news I would pull the trigger if YOU think it's worth while. The last news didn't move the stock price, but real good news will. There's a lot of people with this stock on there watch list and the right news will make it move up quick. If you miss a few thousandth of a percent not that big of deal, the difference between .0003 and .0006 is still 100% profit with a lot of room to move higher.
This is just me rambling on, you do your DD and make up your own mind.
Only time will tell, as for now it keeps the blood moving watching it.
Like the way you look at the bid and ask prices, there all buys. A lot of people use the term sell wrong when looking and the bid and ask prices. It’s just a way of differencing between the bids and asks price, all are buys. Traders buy the ask price and also buy the bid price. There has to be someone selling both of the bid and ask price as well. The terms are just a way of telling which way the stock is moving up or down.
I have three watch lists: One has the stocks that I have already made a profit in and have taken out my original investment in, just watching the rest of the shares move up or down at no cost to me. One with current investments and the last is a true watch list on stocks I may invest in when all the signals appear right.
When ever a stock I own doubles I take out the original investment out and hold the rest. I may be loosing some up side by selling half, but feel better with my original investment back in my pocket to use again. Also, sleep better that way to.
He was a wise man.
Your doing it the right way, never use monies you can't afford to loose. Keep believing in the positive, you'll sleep better and have a brighter out look on life and the future.
I though I was going to have another attack when I saw what the stock had done while I wasn’t watching it. Yep, were in the billions of shares now, the bright side is, been cost averaging down every chance that came around and have quadrupled my share count since then by selling half my investment on the up side and buying back when the stock dipped increasing shares each time.
The only thing I regret is missing the large increase back at the end of 2013; I was in the hospital then and recovering from heart surgery then. Didn’t loose anything but missed out on the big profit I could have had.
Bought my first shares when this was still a gold company and have added on every dip. I’ve seen a few owners and CEO’s on this ticker as well as the name change. We are now in a better position to see a large percentage price increase than in the history of the Ticker. Everyone seems to only see the negative side of the last Q Report. I see the positive side $23.000 cash and a source of additional capital with the silent partner. A good business plan as well as a potential for a near term gain in cash on the books with the hemp purchase that is not dead, only a change in farms coming. I will not be selling this one anytime soon. Over the years I’ve made a profit selling and buying back on the dips, don’t see any reason to change.
Like wise!!!!
Your Ask @ .0001 is at the bottom of the Ask stack. If you didn’t qualify your bid as “good until canceled” you will never have a chance of buying the ones. What you see as 100,000 (last I looked was 150,000) on the Bid is only the quotes covered by the markets represented, there are money/market makers out there that aren’t listed on Bid and Ask quotes. The same goes for the Ask quotes not all are listed either. An Ask at .0002 will not fill till all the Ask bids in front of it are filled. All Ask and Bid quotes should be marked "Good Till Canceled" to have a chance of being filled. Any one placing a bid should keep a close eye on it, if conditions change you can always cancel you bid.
There is no reason for Bishop to do a reverse split. It would only make convertible notes more valuable and selling would increase. The price would of a reverse split would not hold and would only reduce the value of everyone’s investment including Bishop’s shares. Don't let your imagination get the better of you.
Some are converted loans going back as far as 2015 others are the settlement by arbitrators. Most I suspect are shares just being bought and sold by traders. At these low prices it only takes a couple of thousand to make a large trade. There are many traders out there with good incomes that can afford to play around with a couple of thousand at a time on penny stocks at a time and more, I use to be one of them when I was working, now I just play around with the hundreds. A couple of thousand dollars buys 10,000,000 shares at .0001, if you sell at .0002 you've doubled your money, enough traders buying and selling over and over adds up in a year. There were only about a little over 2 billion shares authorized last year on average for the year. Of that the amount float was about 1.8 billion and quite a few like my self are holding there millions. There was no dilution of shares on purpose as some would be leave.
I think Bishop will have no problem in executing when the right farmer is selected with a Hemp product that meets requirements. If things work out right with this silent partner, I think a lot of good things could be in Bishop’s future and our pockets.
No, not the same. Waldron approached NNRX to process his crop, with money Waldron had borrowed from someone else, to use to in-entice Bishop into partnership with him, (total scam by Waldron) that’s why Waldron was taken to court and sued, Not NNRX.
In this case with the $530,000 is that the silent partner, with the money and a farm, wanted to use NNRX to do the leg work and share in the profit. The Financer (who ever they are) has the money, his own. The farm that had the Hemp, could not produce the quality needed. (CBD content of 14% or greater and THC content of less than .03%). The Silent partner and NNRX are still working together as of the end of January. We will most likely hear more on this matter in the future.
Not quite, as I read it the profit sharing partner (who ever they are) is the one that picked the farm. (Read at the beginning of the second paragraph on page 16)(“On September 20, 2019, the Company”(NNRX)” entered into a financing and profit-sharing arrangement with a third party to provide the working capital need to purchase the hemp described above, from a vendor selected by the profit sharing party”(the financier)..
My take is that someone with money came to NNRX with the capital ($530,000.00) and a farm in mind and wanted NNRX, who has the contacts to access trucking, processing, formulating and sales, to do the leg work while they did the financing. I don’t think this deal with the financing is dead, maybe the farm the silent partner picked is out of the picture, but the financing and contract is still in tack with the silent partner. I would guess the farm that was to be used could not past the testing qualities that were defined in the contract and the feelers are out looking for a new farm. Copied from the same paragraph, “the Company determined that the hemp vendor could not meet the delivery obligation under the terms of the agreement. As a result the Company is in the process of either obtaining the hemp or a CBD distillate to fulfill the terms of the agreement with the profit sharing party, which has been informed of the entire situation”. “The Company (NNRX)is discussing various alternatives with the third party to settle the matter”.
My take on this most recent Quarterly Report:
It appears the focus of most is on the 530,000 for paying for the Hemp that was not delivered. NOTE: that money was from a partnership for a percentage of profit on the transaction, not a loan (a temporary partnership).
What I see is for the end of this quarters reported is:
1) Cash, end of period +$23,008
2) Shares issued and outstanding = 2,942,869,449 total shares outstanding
3) Weighted Average Shares Outstanding = 1,477,369,320 (FLOAT), bottom of page 10.
(This implies that there are 1,465,500,179 shares out there not for trading; Convertible notes, buy back shares (company’s treasury), restricted shares,) these shares are not counted in float.
4) one year lease for a sales and marketing office with Coast Huntington LLC for $1,162 monthly payments (Not a post office mailbox)
5) “On September 19, 2019, the Company entered into an agreement to purchase 100,000 pounds of industrial hemp with a CBD content of 14% or greater and THC content of less than .03% with a commercial hemp farm in California. A purchase deposit of $200,000 was made on September 25, 2019.” (Deposit of $200,000 not $530,000)
6) On September 20, 2019, the Company entered into a financing and profit-sharing arrangement with a third party to provide the working capital needed to purchase the hemp described above, from a vendor selected by the profit sharing party. The arrangement provided $550,874 for the deposit above on the hemp purchase and financing for transportation and initial processing into CBD (the profit sharing partner pick the hemp supplying farm not NNRX.)
7) Total Prepaid Expenses and Other Current Assets $225,000 was for shipping and processing of the above. (Out of the above $530.000)
8) Reason for the increase of authorized shares to 10 billion was for the most part covering the settlement of obligations pre Bishop as far back as 2013 also for post Bishop transactions. As well as incentive for new employees on payroll (incentive pay)as well as future use.
NO ONE expected to see any profits on NNRX’s books for January's reporting period or much news. Most of the recent news and PR’s have come out in the present quarter which ends April 30th. We will see if Bishops business plans are on tract when the next Q Report comes out in June.
The one thing this Quarterly Report does show is that NNRX is still alive and hanging in there.
Very surprised no one noticed that Jan. Q Report came out. Not very exciting though. As expected no news and more down side on income. The next Quarter report for April’s Quarter will be the telling one.
Time will tell, one of us is going to be dead wrong and will have to eat crow.