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How will share buyback program and/or reverse split be handled to facilitate the share count? Not much talk on this at the moment; the two need to be handled together.
I'll be paying attention to the upcoming Quarterly Report in 2 weeks. My guess is the last item will once again read: "The Company reviewed transactions through May 14, 2024 and noted no material events".
Evidently TXTM's problems go deeper than simple filings at this point, or the CE would have been lifted some time ago. Perhaps they can't just simply undo what has already been with lawyers; they actually need to make good on their past claims regarding monthly recurring sales, asset purchases/transfers to TXTM, etc.
Good luck to all.
Shareholders know what is going on behind the scenes at ICNM. The company is busy signing service contracts with major chemical, steel, and power corporations. The details of the terms are forthcoming soon. Check X.
Dr J hasn't told his shareholders squat about actual TXTM expansion plans that are Actually Being Executed, other than: "don't you want to know".
This isn't an ICNM message board. If it were, I would tell you that they are expanding very nicely with their E Commerce platform technology on all chemical, industrial, and commercial fronts.. I encourage everyone to do the research and you will see for yourselves.
The kind of shareholder who demands responsive management that can address shareholder concerns without all the coy hints/half truths at information. Cut the nonsense already.
"Don't you want to know".
Its on the books at 15M dollars. That's what I would use. The rest is wishful thinking.
Its nice that the audit has finally been done. But lets not forget it just simply verifies that all the past twitter posts from Dr J/Dylon regarding huge recurring sales, 2-3 major asset transfers, etc. never took place as far as TXTM is concerned.
The audit verifies TXTM currently has no sales, no earnings (other than a seed donation), and no announced plans/subsidiaries as of this time that anyone can truly point to (other than opinions). And the CE is still on.
Dr. J needs to start sharing his plans with the shareholders if he wants us to take TXTM as a worthwhile investment (and not a penny flipper trade).
Now we can finally learn more about the CE that is currently in place. If it is due to prior improper promotion (Dylon w/ Discord Group postings, etc), the OTC will still be reluctant to take it off.
The emphasis appears to be on E Commerce thru signing service agreements with large industrial companies at this time. ICNM has a lot going on behind the scenes. Alan Chow, the CEO is guiding this along quite well.
Unfortunately, all the "disclosures" illustrate that the company is absolutely dead in the water. No sales, little actual assets, no knowledge of who the clients are, etc.
What good is the audit (which is still not acknowledged on the OTC site), if no real news comes of it?
The information I have now is a reason Not to invest in TXTM. The company is too secretive in its dealings; always a bad sign for a Pinky Stock.
Sounds good. All the parent company has to do now is stop being so secretive about its actual crop sales/clientele/asset transfers. And to eliminate the CE. And resolving its past "Boiler Room" marketing transgressions with the OTC (which has not worked up to now). Tall order going forward.
I originally invested in TXTM because I thought it was a company that was going to be producing its own revenue, not simply relying on handouts. I was wrong, as you are now. As far as ICNM goes, they are currently meeting all of their expansion goals nicely; the general investing public will soon catch up to them.
Sometimes you have to take a chance and buy your straw hats in the wintertime. Sometimes it does not work out (TXTM).
In what ways does TXTM generate its OWN REVENUE, other than the (dormant) extraction process? Being dependent on the parent company for a seed handout now and then is not exactly a good business model.
Can anyone tell me what is TXTM's current Mission Statement. Not RSAMMD, but TXTM. I'm not the most M&A-savvy tool in the tool shed either.
What I see is the age-old proverb once again come to fruition:
"A fool and his money are soon parted".
Try and focus on what is actually important here.
No recurring monthly sales or real asset transfers, no usage of extraction technology, no Credit Suisse/ BofA bond sales. All after telling shareholders differently. CE which has not being lifted after 1 1/2 years of supposedly trying.
Let that sink in before you try to split hairs to justify a bad investment.
Spoken like a true shyster splitting hairs over definitions.
C'mon, man. Anyone with a modicum of intelligence can see when Dylon and Dr J announced MJ "record sales" and "major asset transfers" to TXTM that clearly never materialized. And they never explained to their shareholders what happened. Just refer to the old Twitter posts (that have since been taken down for obvious reasons).
To blame the CE on the OTC is the height of hypocrisy. Its their job to protect the public from this sort of Hanky-Panky.
And to the false claims of acquisitions on TXTM's behalf which proved not to take place.
You are probably right, but being in good standing on the SA exchange is still preferable to what TXTM has to look forward to on the Pink Exchange.
Nasdaq would never accept TXTM for exchange upgrade as it currently stands. Management's best chance is to apply for the SA exchange; but the current relationship between RSAMMD and TXTM would need to be heavily revised. Good luck to all.
The OTC will not lift the CE until the unsubstantiated claims of "2.3M lb recurring sales" and claims of "2-3 major purchases to be transferred to TXTM shortly" have been satisfactorily explained to shareholders. The fact that TXTM may be audited moving forward does not alleviate the outright unethical promotion that management used to push the stock price up 1 1/2 yrs ago.
Try to use common sense, and leave your emotions behind.
IMO, the first PR's will be regarding M&A.
17M revenue is an 88% increase year over year revenue from 2022. All the money was poured back into expanding the overall operation, as a good OTC start-up should. It's looking good guys; we are going to ride the latest wave of AI backed e-commerce. This company is a hold, accumulate in the trips as you can.
And yet the CE remains. You need to go back and find the errors in your information. I have seen all the nonsense coming out of Discord with the full blessing of Dylon at the time; I recognized a poorly run boiler room operation when I saw it.
You say I keep repeating the same claims. Obviously its because TXTM management has never satisfactorily answered to any of it yet. Still waiting, and so is the OTCM obviously.
Did you read some of the captures between Dylon and prominent shareholders? Like a boiler room operation in the 80's, only made modern thru social media. TXTM was being treated as a pure merchandising operation, outlandish claims and all.
You mentioned an "internal investigation (hopefully not conducted by Dylon)"? Sort of like the foxes guarding the hen house?
Almost forgot- I don't believe all the claims of illegal promotion have been resolved. That whole tawdry behind-the-scenes affair with Dylon and the insider Discord shareholders smacks of poor judgement. Which is why we don't hear much from Dylon these days, even tho he is CEO of the company.
Not to avoid your question, but I shouldn't have to give an opinion on why the CE is in place. The OTCM was undoubtedly very clear with TXTM Management as to why it was placed on them. It is Management's responsibility to inform the TXTM shareholders as to why the CE was placed on us (not OTCM), what steps have been taken, and why it has not yet been removed after all this time. Its just another example of poor Management.
I have a feeling when the crop harvests are Actually Proven to exist with verified clients, and the asset transfers have occurred to TXTM as promised; the CE will magically disappear. In other words, I doubt it is coming off for obvious reasons- Dr. J's claims are BS.
We've been snookered, Folks.
This is a TXTM investment board. Go to X if you want to talk ICNM. I think you will be surprised as to what is taking place. You might want to consider following the stock more closely before deciding if it is worth your time. The new CEO is sharp as a tack (really), and speaks specifically without the tease.
I think it has been widely exaggerated and blown out of proportion by those desperately trying to get their profits back. Some of them have lost 100's of thousands in profit.
Thank you. Unfortunately, with a stock like TXTM, one gets a lot of practice doing this.
Its just another cryptic tweet with no specifics. Everyone has lost track already how many times he has done this to coincide with upcoming Quarterly filings.
I don't see why it is hard for you to understand. Most bears are shareholders who feel betrayed by management.
Speaking for myself, I want Cowboy Jim to come clean about all the tweets that never came true.
- The 2-3 major asset purchases (to be transferred to TXTM)
- The "largest MJ crop sale on record" (with assets transferred to TXTM)
- The Credit Suisse bond issue
- The continuous crop harvest contract (with who?)
Ad nauseum. When he can level with his shareholders, I will stop being bearish. Always remember: Respect is earned, it is not to be taken for granted.
It will take years for RSAMMD to successfully grow and sell predictable crop cycles. TXTM will never directly benefit from it. Dr. J will have to reinvent Simunye to something more effective in the meantime.
Someone explain how Dr J can keep dropping hints about a buy back program, yet supposedly he can't release updated financials because His Lawyers won't let him due to the CE in place. More lies.
After 18 months with absolutely no sales, no earnings, and no forward guidance besides cryptic tweets from Cowboy Jim; only a fool repeats the simunye mantra.
Stop drinking the kool aid.
If you want to change the world, vote in elections. Do yourself a favor: Financial Investment is for corporations with Quarterly Filing Statements that show growth and progress. TXTM has been a goose egg since its initial takeover. What a disappointment.
TS1971, sorry for your loss. TXTM is a poorly managed company that has no sales, no earnings, and refuses to acknowledge it has an obligation to keep its shareholders updated.
Can you tell me what the current Mission Statement of TXTM actually is, when it does not own the land/CBD, and their so-called kettle technology is not patented (nor will be)? RSAMMD is the beneficiary of CBD sales, not TXTM.
Anyone: what is the current Mission Statement of TXTM (not RSAMMD).
Has Dr J been dropping hints about initiating a share buy-back program while the CE is on?
Apparently the narrative about Dr. J not being able to discuss TXTM business while the CE is on was false all along. Unless of course, its just more deception to get The Faithful to jump start the company pps again.
Lord knows Management has been unable to do this the last 16 months.
The reason why we never get any news from Cowboy Jim on sales, crop harvests, clientele, updates on CE, et al is because there is NO NEWS to tell us regarding TXTM. This is simply a dead company and will be proven once again when the next Quarterly Report comes out.
Now RSAMMD has things going on, but as Dylon has told us many times, that is THEIRS, not OURS.