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Haha and I thought that was quite upbeat.....for me.
"We are working diligently with Engle Martin & Associates, Inc., our insurance company’s independent adjuster, and expect to announce the final insurance settlement amount over the next 7-10 days."
Interestingly, they don't say what the extent of the insurance coverage was (i.e. was it enough to cover the cost of a full ground up rebuild of the premises, fixtures, fittings, capital equipment and stock, from what is effectively now, a zero base?).
Perhaps that's why, he then goes on to say....
"This process may or may not include rebuilding a full production facility on our LaCoste, Texas property."
This would not be mentioned at all if there were any doubt whatsoever that there would be a rebuild on the original site. If I'm not mistaken, they don't own the land (correct me if I'm wrong) so I think it's a given, that the R&D facility cum factory as was, is a goner and is highly unlikely to reappear in it's original location. That might well also be a plus, if situating it closer to the feedstock is feasible. This does however presuppose that they do rebuild in some form or another, again, not a given.
If they do go down the road of a rebuild (as opposed to simply licensing the tech) rental of appropriate (already existing) premises would seem logical and the quickest way to get back up and running (since they merely need to reinstall the production hardware and off they go). In this regard, the current business climate may well work in their favour as there should be an abundance of suitable factory/warehouse type property available imminently if they care to shop around.
Once upon a time, they showed some bizarre presentation where the business plan had them rolling out the LaCoste facility to 10 further sites US wide (Bizarre because none of the expansion programme was properly costed out but hey), so one would assume, if they implement that just for one site, this should all happen rather quickly (virus permitting).
GLTA
Do you suppose they might get into Covid 19 testing as everyone else seems to be?
She cut the cancer away when she left GRNF.
Further Due Diligence Package:
Fit Air:
https://www.indiegogo.com/projects/fitair-your-ultimate-portable-air-purifier#/
https://shop.silentnightairfilter.com/collections/all/products/fit-air-bundle
http://mystiloshop.com/productos/nike photo shopped image. Product on website doesn't exist.
Fake product, cannot possibly work with tiny paper mask like straps around the ears and zero air tight fit.
Silent Night Air Cleaner:
https://shop.silentnightairfilter.com/collections/all/products/silentnight%E2%84%A2-air-cleaner
Hastily put together website aimed at unscrupulously and mercilessly taking advantage of the Covid 19 outbreak to take orders online for products that may or may not be supplied and even if they are, they'll be overpriced and substandrad with zero Fda certification that they actually work.
https://www.edenpure.com/products/edenpure-silentpure-air Same product, all made in China, $400 less.
All being pumped daily to thousands of mug punter retail traders here and in other social media groups.
DON'T FALL FOR THIS SCAM!!!
List of Genuine Products that work:
https://www.consumerreports.org/cro/air-purifiers/buying-guide/index.htm
https://mytopfitness.com/air-pollution-masks-running-and-biking/
Must have left their smart phones in there too lol
I'm curious about something.
https://naturalshrimp.com/naturalshrimp-inc-ceo-issues-letter-to-shareholders/?fbclid=IwAR1wO9ZS9Wx_vVHl2i4qMTAUdqDdzBVDzR1OjapkfWPv3xtzsiV9b-0yNJ8
Shows the factory intact from library picture.
Why have there not been any pictures of the damaged building?
Can understand that man. You're a solid guy, they'll understand. 2020 shaping up to be a hell of a year. H2 will bounce back.
You to sir and good attitude. This one has been a real slog for you I know.
Banks are ready to lend a hand in the current climate. The biggest challenge (assuming they didn't fick up big time and invalidate their insurance coverage, in which case this is a dead business), is going to be finding the manpower and the logistics of the rebuild in the current CV driven climate. We are talking perhaps a min of 6 mths down the line before they can start the demolition.
Forensics will be all over it first, then the loss adjusters, then the payout, then the architect and finally the rebuild.
Be surprised if the infrastructure is ready 12 months hence, then they have to restock and start the harvest again, more or less, from a zero base.
This is a disaster of monumental proportions for the company and one which it would seem not to make sense, to try and bounce back from.
Just sell the tech and liquidate the asset.
2 options:
1) Rebuild the factory in double quick time. There will be access to cheap credit now the US govt. is providing support for indigenous businesses and skilled labor will soon be available (if not on lock down).
2) Scrap production.
License the tech or sell the (tech + patent + earn-out consultancy fees) package.
Option 2 seems preferable now. The insurance payout will cover the costs of the building (if I remember rightly, this didn't feature as an asset on the balance sheet as it was rented premises?).
This company has some kind of black manic voodoo thing going on.
Time to harvest (literally) and exit.
I feel you Mr Delightful.
There's no legislating for Force Majeure such as this.
Hope this recovers quickly.
Stay well.
K Thanks.
Thanks for taking time to reply. How much time do you envisage they have?
Question to this board as new to the stock. BIOC is a NASDAQ listed company. How are they still compliant when then price has not been at $1 since August 2019?
https://www.investopedia.com/investing/the-dirt-on-delisted-stocks/
Quote: "A stock that has experienced a steep price decline and is trading below $1 is very risky because a relatively small price movement could result in a huge percentage swing (just think – with a $1 stock, a difference of $0.10 means a change of 10%). In low volume penny stocks, the fraudsters flourish and stocks are much more easily manipulated; major exchanges don't want to be associated with this type of behavior, so they delist the companies that are liable to be affected by such manipulation."
Surely it's only a matter of time before they RS this stock?
Great info thanks for sharing here.
Ok noted thanks.
Many thanks. I thought as much.
Succinctly put. TQ.
Very helpful to me. Thank you.
First of all, I am not a basher and I am not an expert on DCGD or the corporate actions supporting having a position in what is currently, a Shell company. But I do like to ask probing questions from time to time and if the experts on DCGD have answers to these, I would much appreciate their educating me. I listened to the FB session from JC and must concede to being somewhat bemused by it, to the point where, I believe I must be missing something here. Though I don’t consider myself a stupid person (and I think I can support that), I’m sure they’ll be someone wants to have a go at my audacity for asking some very basic questions, however I shall ask anyway:
1) Who’s Rich?
2) Form 4, all traders know what the main SEC forms are and what they are for. Why did JC spend so much time explaining the Form 4? He starts and ends by talking about it in a manner that appears to suggest he thinks the audience are all lacking in the fundamental and basic knowledge needed to invest in this or indeed any company on the SEC.
3) 4 mins in, he’s talking of it taking 2 -3 years for SBA to come into effect? He states with great candour that it will be a “major uphill battle” for this to pass in the Senate. Isn’t it the case that the entire success of this business, is predicated on this Bill passing the Senate? For JC to sound anything less than ebullient about the prospects is concerning. What about the new SEC Rules https://www.sec.gov/news/press-release/2019-189 Doesn’t this mean the pending corporate actions (name change, rolling in of assets under the new corporate umbrella) are extremely time sensitive?
4) Is there a Plan B? In a world without this bill having passed (Safe Banking Act), is there still a business here?
5) Would not comment on trading activity but hasn’t sold one share (139MM holding) which though encouraging, one must remember where the SP is now and the price at which he purchased the shares!
Conclusion, I do not see what all the daily excessively bullish (some might say pumping) shouts are all about (paraphrasing “must buy at this price because tomorrow it could shoot to $100, 200, 500 (conservative estimates) overnight”. On what basis can such a conjecture be made? Is it that when DCGD changes its name to GRN Hldgs. Corp. (correct me if I’m wrong), it will go from being an empty vessel, to an enterprise that has a value which is roughly the cumulative total of the assets rolled in? These assets have to be paid for right and without the SBA, what is the business model here?
Can’t understand what the necessity for that call was and in fact, if it even told us anything at all about where the company is now.
Anyone have a link to the conference call recording?
just my little ruse. It'll be at my valuation long before it ever gets to $34, which is of course, never (well not without a hefty RS anyway).
you missed a couple of decimal points bud $0.034
50 years ago in Neil's backpack maybe, but with the DD I've seen, not imo.
Oh alright then, even though she hasn't worked there for 5 years and there's little evidence to the contrary that she's actually done any good, here you go, something nice....
https://www.ldmicro.com/profile/vyst/insiders
Are these one and the same?
https://www.sbigroup.co.jp/english/company/group/sbinvestment.html
Freelancer hasn't been employed by Vystar for years.
https://www.linkedin.com/in/joannekearney/
If this:
https://www.alibaba.com/product-detail/Vytex-Brand-Natural-Rubber-Latex-_108839162.html
is the evidence of her work over the last 5 years, it can hardly come as a surprise they took her off the payroll and put her out to grass in a "Self Employed" capacity.
Or perhaps they simply couldn't afford to continue to internalise the resource on a fixed salary lmao
Counters?
Dates?
Not that I don't believe you, but I don't believe they did that immediately post split.
Back up your assertions or risk disbelief.
You're missing a trick here bro. Blow up clear condoms you can fit over your head is the way forward.
Quote: "I also talked to Gerald about the possibility of reverse splits in the stocks. He said that they have financial advisers that they discuss things like that with but it has not been discussed. He said that if it happened in the future that the value of our shares would not change just the number would decrease and the value per share would increase."
On the day of the RS yes. So for example if the RS was 100:1 and the pps 10 cents before the RS, if you held 10,000 shares with a value of $1,000, after the RS you will have 100 shares at $10 per share, i.e. still $1,000 position size (just an example). But the instant it starts trading, it will get shorted to hell and the drop in value is exacerbated exponentially. So whilst the above statement is again, technically correct, the implications of a RS are stark and pretty devastating for current SH's. Take a look at HMNY as an example of a company who have pulled this trick multiple times to stay alive!!!
If anyone here can tell me one single instance when an OTC stock performed a Reverse Split and this actually saw the pps go up and subsequently benefit the pitiful stuckholders, kindly do.
However, from what I have observed, seen and been stuck in personally, a RS is very bad for the pps in the short to medium term almost 100% of the time.
The fact that a RS has not been completely ruled out then is very telling and indeed, all the more reason to remain sidelined at least for the short term.
Mr Delightful, what you have said here, though technically correct, is the very reason why it will not run again in parabolic arc style.
People are sick of the fluff and hype and want to see, buyers, financial backers, patent enthusiasts willing to put their money where their facilities are and enter into licensing contracts. They need revenue, solid and verifiable poc, cash and...... they need a decent commercially oriented management team.
No amount of krill level buying power pumpers on here, are going to change the facts. It leapt on fluff last time. That will never happen again. More substantive positive news will see the stock pps head north, but in a much more controlled and steady climb imho. There is not going to be a cataclysmic eruption in the share price again. We've all been fooled (read conned) once too often for that.
Cheers and bol.
You seem to have forgotten to factor in two failed trade events in Q1 and a finance raising event in Q2 that also came to nothing (hardly surprising when you look at the presentation they made and the absurd 10 site roll-out programme, with identical cost and revenue projections, which is amateurish and won't have done them any favours with business savvy angel investors).
With an all cost/no revenue past history to date, they are simply not an attractive investment prospect and the fact that the patent has now been in the public domain for nigh on 7 months (incidentally with seemingly no license takers, ostensibly due to a lack of proof of concept in the form of end product production improvements), also means that competitors have had ample opportunity to replicate the system on the QT and look for patent dodging opportunities to bring similar tech to market.
Finally, we come to the real weak link in all of this and that's the management team. The moment they achieved patent approval they should have brought in fresh blood in the form of a heavyweight business savvy mover and shaker and not relied on FB pumps from Peter and inept press releases from their IR bloke.
For me, they've completely blown this now and it would come as no surprise to me at all if NS shuffles off out of the industry picture by year end, having sold the patent rights and paid off any debt through sales of what little assets they own (don't forget there are huge sunk costs associated with the development of a business like this). Certainly with an octogenarian at the helm, the clock is ticking in every possible sense of the word for NS now.
Just my opinion and having said that, I'd still be a speculative buyer again when the pps drops below 5 cents which should be reasonably soon.
GLTA
$45bn. As of Friday they crunched another 500MM shares which means the AS is now 4.5Bln.
Sad and possibly without ending, given that Paul made no reference to a solution.
This could eventually turn the lights out for NS, for it is not lack of a good product/business model/tech that kills a business, but an absence of cash!
Undertaker add-on service during funeral arrangements possibly?
https://nexgram.co/board-of-directors-and-governance/
I live in KL. The company is for real as is Dato Roman.
A very astute comment. Should be pinned. We are the OTC's ATM.
Same old fluff!