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The A/S is still at 1.5 billion. So they can dilute it to no end. It's in managements best interest not too, but that doesn't seem to be the case. It feels like dilution is still happening. Every bid block 200K and higher is sold into... if you already owned this pre-split you wouldn't be selling here... so these are likely new shares.
Feb 7th post split - 29 million shares
Mar 2nd - 36.5 million
Where are you getting your numbers?
If they can limit/eliminate dilution this is a great price to buy.
Company is valued under $100K with $500K - 600K in annual revenues and growing.
Problem is someone is selling into ever large bid that’s put up...
Welcome Back! I guess I should have waited a year...
RMHB just posted on FB a preview of the first day of normal production of their CBD Life beverages. GRLB supplies all the CBD for those beverages. The stock price is in the toilet, but the company is full steam ahead.
Not a bad idea, good luck!
The entire company is worth less than $100K...
Good luck. I may add more in the future, but I’m already holding 1.16 million shares.
February 7th they had their R/S bring O/S to 29 Mil Shares
March 2nd OT Markets updated their site O/S 36.5 mil shares
PNATD OT Markets
I think they're due for a run and they're way under valued, but that's if they chill on the dilution. Management has completely destroyed investor confidence in the company and the share price reflects that. Every time they come out with good news they dump their shares into it.
Now after the RS the share price has gone straight down and they've diluted another 7 million shares. If management continues to sell their shares (from accrued salaries converted into Shares, you know this is true bc they don't file form 4s) then this is gonna head back to trips and eventually management wont be able to sell their own shares.
I don't plan on selling, but the management of this company complete shet the bed on how they handled this...they should be embarrassed that their company is only worth 150K to the market...
Check out RMHB’s Facebook post about their beverages... wow that’s a lot of cans! And grlb supplies the cbd!!
Their value is soo low that I cant see selling my shares at this point. I think they should be worth at least 4-5 million, 10X revenue, which gives it a SP of .11 to .14. At .004 a share, I'd be more upset if I sold and it ran, than if I lost the remaining amount of my investment.
I’ve seen nothing new. 10-k will probably be released around April 15th.
I had such high expectations for this company, but they just can’t stop diluting...
Unfortunately it has, but it's nice seeing an uptick in volume today.
News out today
Do It Best Market
I think they are... it'll all depend on if they can avoid massive dilution again. Their products are in a ton of retail locations and they're constantly adding more.
Their website seems to show decent sales so far. Just being in Menards is a great step. Hopefully most of the displays are still in high traffic areas.
Looks like decent volume showing up today...
Yeah, I guess not!
I'd really like to see Mexico allowing more than just topicals into their country.
8-K - Change in end of Fiscal Year to December 31st from June 30th
Well if they liked it enough to buy at .27 than they should love it at .06.
I’m down a substantial amount of money from the highs, but believe that some time in the future it’ll get there again and surpass its old highs.
If you believe the company can deliver it’s a great time to buy.
I’m not at all worried about it’s current share price.
Next 10-q due within the next 2 weeks.
I own between 4-5% of the outstanding and I'd buy more if there's further selling after the split.
Their products are great and seem to be selling well.
Good Luck!
Thanks for the information. Guess we'll see the split tomorrow.
The next 10-q is due no later than feb 19th or 20th. I think the financials will look much better in that report.
We'll get a lot of info within the next few weeks. The 2nd qtr 10-q is due around February 19th. I believe they'll be up to date with everything by then.
Pura tweeted last night about being in-store at all Menard's locations. Their displays are located in the front of the stores near the registers...
I did, nothing crazy for an otc company. They definitely need to figure out long term financing. We won’t know how lucrative the new contracts are until April at the earliest.
Their liabilities were much higher than I thought they’d be given all the dilution last year.
On a positive note, their COGS decreased from prior periods.
I thought volume would have been much higher today.
10-q was filed around 4pm today. Should get Menards news tomorrow and volume should increase drastically.
I think we’ll get the 10-q this week and an update on the grocery or pharma contract they mentioned.
On the 6th they said within 14 days for the 10-q and there’s no point to release a PR while the stock is in limited trading.
It will probably happen when the company files the 10-q.
I still think it'll happen when the 10-q is filed. They are near maxed out on available shares.
You didn't by any chance take a picture of the grease beast display in Menard's?
The sponges are in 322 of 325 Menard's locations.
I haven't received a response from the company in some time. Even when I did. They were very tight lipped.
My guess is they're silent about the Menard's launch because they're currently non-compliant with the OTC and some brokerages don't allow trading of these securities. News right now would be wasted. I'd expect a huge spike in volume when they finally file the 10-q.
Grease beast sponges are currently in 316 of 325 Menards locations.
They probably won’t PR this until they file their late 10-q.
233 Menards locations are carrying the grease beast sponges
Up to 185 stores and counting
168 Menard’s stores now! New stores coming in line daily.
Being late with the 10-q causes a stop sign on the otc markets. Some brokerages won’t allow its client to buy these stocks. Once the 10-q is posted watch the spike in volume.
Grease Beast Sponges now available at 162 Menard stores
They might be waiting to release this news until after they become current with their filings (assuming they're close). Right now they have a stop sign on the OTC markets. So, any substantial news at this point will probably be wasted until they're current... JMO
I'm not sure about the R/S.