Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
They need to put their financial statements in the format of reporting just the 3rd quarter of 2017, not 3 quarters. They need to get profit and loss statements, balance sheets, and cash flow statements reported and it needs to be seen conspicuously at both the OTC sites and the Marketwatch sites. They need to publicize an official current national list of all the stores that sell Fernhill beverages. Until the company does these things they will continue to be viewed with suspicion by many investors and the stock price will stay in the ditch.
I don't think they have such great news. If they did, why the news blackout? Why are their financial statements for the 3rd quarter still not appearing at the OTC stocks website or Marketwatch?
The parent company, V Group Inc. has some recent published news but it's not about Fernhill Beverage. It's about another spinoff company that specializes in cannabis products. It's looks like they are going to experiment with other types of product manufacturing businesses rather than stand or fall based on what happens with Fernhill Beverage.
It would sure help if we could verify things. The financial statements that have previously been posted each quarter indicate they were not audited. Earlier today there was a huge drop in money flow after a very large transaction. This indicates a "sell" order and so does the share price. When a very large transaction is a "buy" order money flow increases.
The buyer that you are talking about could be the original stock issuer Fernhill Beverage. In any event money flow decreases mean that fewer shares are outstanding.
Greatly increased volume today, but it's mainly to sell shares, not buy them. Did someone give up and take a loss on a large number of shares? Or did they buy shares earlier when the price was even lower than it is now? Is the big selloff from a company insider? Who knows?
Some joker has been buying or selling just 1 share. The only way I can make sense of this is if someone is making the trades without having to pay a broker's fee to buy and sell shares. You can do that at some brokerage houses if you maintain a balance of at least 10K or some other minimum figure they have set. Otherwise it would make absolutely no sense. Is someone making the 1 share trades in an attempt to manipulate the posted "ask" or "bid" prices?
Did you talk to the people who actually order products? Of course most people are going to say they never heard of it even if actually happens to be in a cooler somewhere.
Instead of worrying about it being a scam why don't you look at my "Glory Hallelujah" post and see if you can verify if the product is being sold at the places shown on the list from CHARLES at the Yahoo Finance FHBC discussion website? If you have shares outstanding try to get the price up by saying "Here's proof they really are selling products! We just saw the products at such-and-such store at such-and-such address."
Glory hallelujah! Found 6 month old store list! Please go to the following web address.
https://finance.yahoo.com/quote/FHBC/community/
Now look for one of Charles's discussions which was posted 6 months ago. He gives a fairly long list of stores in the greater San Diego, California area which he says sell Fernhill beverages. If any of you out there live near San Diego or will be traveling over there please go to some of these stores and tell us if you can find the products on the store shelves!
It's very disturbing that there is no follow up about this national convenience store retailer. Could it be that the deal never actually went thru? They were just hoping the deal would go thru when in fact it didn't. If they can't get these convenience store deals or drug store chain deals to pan out they need more than ever to look for ways to sell their products from the internet. Should we not be getting new financial reports for the third quarter about now?
I wish that what you say were all true. Right I'm stuck not knowing what to do. On the one hand I worry about losing all the money I invested on the shares I still haven't unloaded. On the other hand, if a serious breakout were to happen at some point I don't want to miss out on 10-1 profits or whatever it might be.
Common sense tells me that at least part of the information we get from Fernhill Beverage is a sales job. It's only partially the truth about what's really happening with business operations. I wish the company would diversify its product marketing strategy and include some type of sales operation from websites whether it be Amazon.com or a website of their own to sell from. I think they are too heavily focused on yesterday's marketing model.
Actually I didn't really make money off the 9000 shares. It's a near break even. The contract with one of the largest drug store chains has not been verified.
I sold 9000 shares today at a price exceeding the posted "bid" price. Sometimes you can do it. Sometimes you can't. I set my limit price at a price I needed to get just to break even.
I don't have quite as many shares to unload now. I wish the stock would get "hot" so I can make some money. But until there is stronger proof of this company's viability, we probably won't see it get "hot" any time soon if at all. They need to do more than just make financial statements showing a profit. They need to tell us exactly where they are selling their products and we need to be able to see and verify it.
Although the official name of this stock specifies molybdenum, that is only one of several metals mined by this company. This company mines both industrial metals and precious metals. If you think that the price of most metals is going to increase, this stock is something you might consider.
You're pointing out one of the biggest problems with Fernhill Beverage stocks: Lack of means for verification. The major drug store chain was never identified and I don't know of anyone who can say "I saw their products at a Walgreens store" or whichever drug store chain it is. I don't know of anyone who can say "I saw their products at a 7-11." or whatever store it might be. No one has seen a website that is retailing their products or I haven't heard about it if it exists.
The good news is that the "bid" prices have been increasing. But they need to increase a lot more. I still cannot unload my shares without taking a loss and I'm sure a lot of other stock holders have exactly the same problem. I have sent some emails to the company but they never reply.
So I guess that Fernhill Beverage is just a temporary company that will later become part of Monster Beverage or Coca-Cola or whoever buys them out.
It is surprisingly easy to get an account with Amazon and sell there. You can be a total nobody and set up an account to sell. They will however cancel your account if you don't ship orders promptly and you have to pay Amazon a percentage of the selling price for helping you sell the products.
Right now the main thing that matters to me is the "bid" price. I have been hurt by previous decreases in the share price and I need to get at least .0075 just to break even on what I paid for the shares counting broker commissions.
Should Fernhill Beverage sell directly from a website? Fernhill Beverage is pretty much using yesterday's model for marketing its products. Most people nowadays (including me) buy at least part of their food and merchandise from the internet. I buy some stuff on the internet I never bought or physically saw at a store.
What Fernhill Beverage is trying to do is much too slow and I'll bet they aren't anywhere near as far along setting up distributors as they say. Why can't anyone find their products on store shelves somewhere?
Of course there will be substantial expenses getting websites sufficiently advertised or otherwise exposed so people will see them. But your typical retail store isn't going to be eager to start selling a completely unknown product most people have never heard of and might just stay on the shelves unsold.
How puny. I own 20 times the amount of shares that have been traded today so far.
The share price stays in the toilet because there are too many problems verifying the company's viability. They create financial statements saying they are selling products and making a profit. But who has physically seen the products on store shelves somewhere?
Fernhill Beverage is certainly very secretive regarding what is really going on. They say that a major national drug store chain is distributing their product. They won't tell us if it's Walgreen's, CVS, Rite Aid, or someone else. They say they are marketing RoadKill under private label brands but they won't identify the private label brands.
No I'm not going hungry or becoming homeless as a result of losing money on FHBC or any other stock I have miscalculated on. When the "ask" price is more than double the last posted price there is good reason to be concerned. At the opening bell the "ask" price was .017 versus the previous day's close of .0079. This type of situation as well as the general situation of too large a gap between "Ask" and "Bid" prices suggests the possibility of manipulation by the transaction brokers on Wall Street who are taking too large a cut and possibly some very wealthy stock investors who know how to manipulate the market for their advantage.
I still own shares of the stock and I'm trying to find a way to reduce what I've lost. I could actually make a profit if I could sell for the recent posted "ask" prices but this is rarely possible when you have a huge gap between "ask" and "bid" prices.
I think the pump and dump artists are here right now. Look at the way out of range "ask" price.
I will be watching the selling prices closely. I need the price to go up to about $.0075 just to break even. High volume usually leads to significant changes in price levels, but it doesn't always lead to higher prices. Sometimes it goes the other direction. I could have bought more shares to further average down but that makes it harder to unload my existing shares when I get a favorable price.
My experience suggests that 50 cents/share is a good cutoff figure. Most stocks below that price have strong downward momentum that is very hard to overcome even if the business is profitable. Most stocks above that figure are likely to do well if they are successful profitable businesses.
Who all has physically seen the product on a grocery store shelf? That's probably the best way to really test the legitimacy of Fernhill Beverage. I don't live anywhere near southern California so I probably can't see it even if it actually is on grocery store shelves.
The spread between "bid" and "ask" prices was only 1/100th of a penny for awhile today. If the gap were always that small, trading volume on FHBC would be much higher and the price would go much higher. When investors know that Wall Street transaction brokers are being super greedy they will refuse to trade shares of the stock.
The key to getting the share price out of the ditch is for Wall Street transaction brokers to become much less greedy. How you go about achieving this I don't know.
If you are signed up with one or more of those outfits, why don't you send them an email and try to get them psyched up about Fernhill Beverage? I agree that some type of authority figure endorsement or promotion by someone who can pull some strings is necessary to get this stock out of the ditch.
Some time ago I quit subscribing to those outfits because there were too many ripoffs. The biggest problem is you don't have any control over how someone else is purposely manipulating stock prices so they can get filthy rich. The promoters don't care if those receiving messages in their inboxes promoting a certain stock get screwed big time and lose most of their investments.
I notice that all the recent transactions on FHBC have been buys, not sells. I continue to believe that Wall Street, whether intentional or not, effectively manipulates stock prices by the way they set the "bid" and "ask" prices. If Fernhill Beverage has been telling the truth about the financial results of its business operations, then the stock should be selling for a much higher price!
Subpenny stock prices are appropriate for businesses that are very unprofitable and have excessive debt they cannot handle. They are not appropriate for financially successful businesses.
In my opinion a major reason for the extremely sparse trading and the ridiculous subpenny price is because of the excessive spreads between "bid" and "ask" prices. I don't fully understand where these numbers come from, but excessive spreads discourage trading and help perpetuate the subpenny price. Today we are seeing more trading and the spread isn't quite so ridiculous.
The reality is that stock market prices do not necessarily correlate with whether a company is financially successful. Many investors are biased against OTC stocks and won't buy them. Others are biased against thinly traded stocks and won't buy them. Or they will reject any stock that sells for a ridiculously low price just perpetuating the problem.
I have been hearing about people getting free shares thru FHBC. None of my shares were free. But to the extend that free shares were distributed to whomever it distorts the market for those who paid for their shares. The only way I think that FHBC shares will ever get out of the ditch is if some authority figure promotes them. Peter Leeds will never promote them because he opposes all OTC stocks unless they are also listed on a major exchange either American or foreign. Perhaps you can talk one of the other so-called "penny stock experts" into saying great things about this company and its stock. Otherwise FHBC may not ever climb out of the ditch no matter how well Fernhill Beverage is doing financially.
A major reason for the lack of trading was the huge split between "ask" and "bid" prices. When investors think they are really getting screwed when either buying or selling shares it often leads them to do nothing at all. In actual truth you can sometimes but not always buy shares for less than the posted "ask" price. You can sometimes but not always sell shares for more than the posted "bid" price.
Does anyone know how ask/bid prices set? I have long suspected that markets are actually being manipulated through these ask/bid quotes. In some cases I have seen the ask/bid prices get set before the opening bell at prices completely outside of where a given stock had traded late on the previous day.
If they set the ask/bid prices far above the trading range of the previous day it will sometimes cause a fast price decline as many people will cash their profits at the same time. But sometimes there is no decline in price very early.
If there is a large gap between ask/bid prices, a common result is that many traders will balk and do nothing or they place a buy or sell request but they can't buy or sell the stock at a price they consider acceptable.
It's sad but true: If people don't hear about a certain stock, they don't buy it and the price goes into the basement. It would help matters if sites like Marketwatch would report the 2nd quarter financial results. They probably won't until the financial reports are audited to verify their accuracy.
This particular stock might be something where you can get a 100-1 return or better if everything works out as hoped. It won't go that high overnight but if Wall Street gurus start to take notice and talk about it it ought to go up.
I still can't find financials for 2nd quarter of 2017. One thing I noticed about previous financial statements is that while they were showing profits, they were also showing cash flow issues. In other words, the cash wasn't coming in fast enough to allow them to continue their operations at a high production level.
Where are you getting your financial information from? Marketwatch still has posted nothing on FHBC.
One thing I have noticed about the vast majority of penny stocks, especially on OTC is this: They just automatically go down, down, down, even when they are profitable. The subpenny price of FHBC seems very unjustified if we are to believe the past profit and loss statements.
The only way a penny stock on OTC is likely to go up in price is if someone is promoting it. It could be an organization that is sending emails to a large number of potential stock buyers. It could be paid Google Ads. It could be a report published by stock gurus. If no one is publicly promoting a penny stock it keeps going down, down, down, automatically.