Trying to find turnarounds and add value through DD in these challenging markets.
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.
RNWF DD Summary:
1. Pink Current, CE was removed on 6/15/20:
https://www.otcmarkets.com/stock/RNWF/profile
2. 573M o/s and no dilution:
https://www.otcmarkets.com/stock/RNWF/security
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156255208
3. Incoming merger:
http://www.rnwfmerger.com
4. April 17th 8-K/A - Krisa Management, LLC:
Source of 8-K/A extract:
https://www.otcmarkets.com/filing/html?id=14080598&guid=xiyHU6WMikn1Tyh
5. RNWF CEO's LinkedIn page gives us some preliminary general indicators on the possible nature of operations that Krisa Management, LLC may bring into RNWF.:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156269632
https://www.linkedin.com/in/carey-cooley-2a9a335
6. No debt, no convertibles:
https://backend.otcmarkets.com/otcapi/company/financial-report/247893/content
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155681309
7. No r/s:
i) 2/28 tweet - Confirmed no r/s will be needed:
https://twitter.com/RnwfMerger/status/1233404031608946688?s=20
ii) April 9 reply indicated r/s is off the table:
https://twitter.com/RnwfMerger/status/1248331145890185223?s=20
Go RNWF!
RNWF DD Summary:
1. Pink Current, CE was removed on 6/15/20:
https://www.otcmarkets.com/stock/RNWF/profile
2. 573M o/s and no dilution:
https://www.otcmarkets.com/stock/RNWF/security
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156255208
3. Incoming merger:
http://www.rnwfmerger.com
4. April 17th 8-K/A - Krisa Management, LLC:
Source of 8-K/A extract:
https://www.otcmarkets.com/filing/html?id=14080598&guid=xiyHU6WMikn1Tyh
5. RNWF CEO's LinkedIn page gives us some preliminary general indicators on the possible nature of operations that Krisa Management, LLC may bring into RNWF.:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156269632
https://www.linkedin.com/in/carey-cooley-2a9a335
6. No debt, no convertibles:
https://backend.otcmarkets.com/otcapi/company/financial-report/247893/content
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155681309
7. No r/s:
i) 2/28 tweet - Confirmed no r/s will be needed:
https://twitter.com/RnwfMerger/status/1233404031608946688?s=20
ii) April 9 reply indicated r/s is off the table:
https://twitter.com/RnwfMerger/status/1248331145890185223?s=20
Go RNWF!
That would be great Stervc to have your perspective on the June 10, 2020 PR.
I found the PR to be loaded with revenue indicators but at the same time cryptic in that it was missing certain information elements (that I had to assume) to try to get an understanding of the volume mix to be able to determine the size of the potential revenues that DLCR may be trying to communicate to us.
Go DLCR!
The acquisition announced in January 2020 is scheduled to close immediately after closing the new financing.
Source of extract - 6/12/20 GRST PR - New Financing and Acquisition:
https://www.globenewswire.com/news-release/2020/06/12/2047461/0/en/Ethema-Restructures-Debt-and-Raises-New-Financing-to-Acquire-Interest-in-New-Facility.html
- You are correct Stervc, the scheduled timing of the acquisition announced in the January 2020 PR (see link below) is indicated in the 6/12/20 PR as highlighted in the PR extract above.
https://finance.yahoo.com/news/ethema-focus-acquisitions-growth-strategy-150117278.html
Go GRST!
RNWF CEO - LinkedIn page
Source: https://www.linkedin.com/in/carey-cooley-2a9a335
- I think the RNWF CEO's LinkedIn page gives us an idea of his past achievements and what he is capable of. I also see some preliminary general indicators on the possible nature of operations that Krisa Management, LLC may bring into RNWF.
Go RNWF!
The Audit of the Company’s annual financial statements are near completion and the filing of the 10k is expected in the next 7 to 10 days and the filing of the 10Q for the first quarter should follow shortly thereafter.
Source of extract - 6/12/20 GRST PR - Corporate Actions:
https://www.globenewswire.com/news-release/2020/06/12/2047461/0/en/Ethema-Restructures-Debt-and-Raises-New-Financing-to-Acquire-Interest-in-New-Facility.html
- I like how GRST is SEC reporting, Pink Current and the 6/12/14 PR updated us that they are working on the audit filings and their timelines; which I think was a key component of the PR to give us perspective on the time table that they are working with.
- These filings cost time and money to complete and the audit will provide an opinion on the financial statements as the debt restructuring and upcoming potential acquisitions are completed. I do not often see such financial reporting rigour for a triple zero stock in the OTC.
https://www.otcmarkets.com/stock/GRST/overview
Go GRST!
Interesting extract from 6/12/20 VSYM PR: View Systems, Inc. has been making upgrades and modifications to ViewScan to rapidly expand in the international market.
They have begun to fulfill ViewScan international orders and shipped units from the U.S. while they begin setting up their assembly plant in Barranquilla, Colombia as planned.
Source of VSYM extracts from 6/12/20 PR:
https://www.otcmarkets.com/stock/VSYM/news/story?e&id=1623686
Go VSYM!
RNWF SS - Transfer Agent Verified as of 06/12/20:
Note: The shields beside the numbers mean that the number was verified by the Transfer Agent as of 06/12/2020.
https://www.otcmarkets.com/stock/RNWF/security
Go RNWF!
If we are lucky and the CE ends up getting lifted this weekend, it will be interesting to see what happens next week.
Go RNWF!
RNWF updated filings: https://www.otcmarkets.com/stock/RNWF/disclosure
Thanks, yes my post needs to be corrected as the rate that I used for the first component should be higher and I missed a component from the PR.
The potential revenue that I calculated is understated.
Go DLCR!
It was nice to see the 1,025 close.
The first set of agreements is comprised of:
1. Two rolling purchases orders to plywood factories in PNG (Papua New Guinea) at a max rate of 1000 cubic meters per month each.
- This part of the PR did not disclose the price per cubic meter. However, for the purpose of this post I am going to make an assumption and take the rate of $100 USD per cubic meter presented in the next part of the PR, see below, and assume this is the rate to use:
= 2 purchase orders x 1,000 cubic meters x $100 per cubic meter x 12 months = $2,400,000 in potential revenue per year (unverified)
2. Additionally, the company will be able to sell the logs unprocessed straight from the resource area to their factories at a rate of $100 USD per cubic meter.
- This part of the PR did not disclose the potential volume of unprocessed logs. However, for the purpose of this post I am going to make an assumption and take the 1,000 cubic meters volume presented in the previous part of the PR, see above, and assume this is the volume to use for unprocessed logs:
= 1,000 cubic meters x $100 per cubic meter x 12 months = $1,200,000 in potential revenue per year (unverified)
3. The next agreement is with an exporter who will take as much as 4 containers per month (30 cubic meters per container) for export into India, at a rate of $650.00 USD per cubic meter.
= 4 containers x 30 cubic meters per container x $650 per cubic meter x 12 months = $936,000 potential revenue per year (unverified)
Based on the limited information available in the PR and the assumptions that I had to make above for the missing information items, I have calculated a total potential revenue of $4,536,000 per year (unverified) from the three components presented above that I have not validated.
I do not have information on DLCR's profit margins to be able to estimate net cashflows to equity.
Source of extracts above from 6/10/20 DLCR PR:
https://www.globenewswire.com/news-release/2020/06/10/2046229/0/en/KIBUSH-CAPITAL-INC-DLCR-ANNOUNCES-THE-SIGNING-OF-MULTIPLE-LONG-TERM-SALEjS-SUPPLY-AGREEMENTS.html
Go DLCR!
The 5-year agreement with the landowner covers:
i) 50,000 hectares and;
ii) Allows DLCR to sign another 7 landowner groups each with a minimum of 50,000 hectares each.
This is a huge development for the company moving forward as there will no longer be a review period after each year, allowing for continuous operations and continuous revenue generation.
Extract source - 6/10/20 DLCR PR:
https://www.globenewswire.com/news-release/2020/06/10/2046229/0/en/KIBUSH-CAPITAL-INC-DLCR-ANNOUNCES-THE-SIGNING-OF-MULTIPLE-LONG-TERM-SALES-SUPPLY-AGREEMENTS.html
- The extract from today's PR that is presented above tells us that DLCR has the option to have access to at least 400,000 hectares of land to log over 5 years. I think this is a sizeable piece of land with a good time period over which DLCR can generate some decent revenues.
Go DLCR!
Agreed Truenorth2016, that would help communicate the value of what VSYM is trying to build. In the meantime, this is all we have to go by.
Go VSYM!
The 5-year agreement with the landowner covers:
i) 50,000 hectares and;
ii) Allows DLCR to sign another 7 landowner groups each with a minimum of 50,000 hectares each.
This is a huge development for the company moving forward as there will no longer be a review period after each year, allowing for continuous operations and continuous revenue generation.
Extract source - 6/10/20 DLCR PR:
https://www.globenewswire.com/news-release/2020/06/10/2046229/0/en/KIBUSH-CAPITAL-INC-DLCR-ANNOUNCES-THE-SIGNING-OF-MULTIPLE-LONG-TERM-SALES-SUPPLY-AGREEMENTS.html
- The extract from today's PR that is presented above tells us that DLCR has the option to have access to at least 400,000 hectares of land to log over 5 years. I think this is a sizeable piece of land with a good time period over which DLCR can generate some decent revenues.
Go DLCR!
I was impressed today to see the GRST pps pull out and stay out of the triple zeros with determination and without a PR or any recent official updates from the company.
There were other OTC tickers today that had PRs and one ticker had a quarter of GRST's o/s but its pps did not have as strong of a climb.
Go GRST!
Good post, thanks for the summary. Although the OTC Markets review is taking time and causing delays to remove the CE, I appreciate how the review is:
1. Challenging RNWF to ensure that the filings that we rely on are accurate and complete; partially testing the information in a way.
2. Demonstrating to us how determined the new CEO is to spend time and money to revise the filings again. << This is key and I like this aspect as it demonstrates resolve on his part to get things done right before issuing any PRs. I think this approach will pay off in the long run.
Go RNWF!
The 5-year agreement with the landowner covers:
i) 50,000 hectares and;
ii) Allows DLCR to sign another 7 landowner groups each with a minimum of 50,000 hectares each.
This is a huge development for the company moving forward as there will no longer be a review period after each year, allowing for continuous operations and continuous revenue generation.
Extract source - 6/10/20 DLCR PR:
https://www.globenewswire.com/news-release/2020/06/10/2046229/0/en/KIBUSH-CAPITAL-INC-DLCR-ANNOUNCES-THE-SIGNING-OF-MULTIPLE-LONG-TERM-SALES-SUPPLY-AGREEMENTS.html
- The extract from today's PR that is presented above tells us that DLCR has the option to have access to at least 400,000 hectares of land to log over 5 years. I think this is a sizeable piece of land with a good time period over which DLCR can generate some decent revenues.
Go DLCR!
I rarely see that number updated, especially on OTC markets. To answer your question, not sure.
BLDV CEO and CFO podcasts - https://bldv.us/podcast
Correct and I agree with you, the monthly Canadian reports provide good information that complement a public company's PRs.
This is a partial listing of the IGEN reports available on the CSE website:
Source: https://www.thecse.com/en/listings/technology/igen-networks-corp
Go IGEN!
PVDG SS - Transfer Agent Verified as of 05/21/20:
Source: https://www.otcmarkets.com/stock/PVDG/security
Note: The shields beside the numbers mean that the number was verified by the Transfer Agent as of 05/21/2020.
» Sammy_1, your confirmation with the transfer agent today is more recent:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156161151
I am just posting this to support your post that the o/s is unchanged from what is showing on OTC markets.
Go PVDG!
Neutra's Houston Facility Ready to Debut at Opportune Time as FDA Nears Guidelines for CBD Products in Food
Source - NTRR 4/24/20 PR: https://www.otcmarkets.com/stock/NTRR/news/story?e&id=1584193
Go NTRR!
Correct, the CSE requires this monthly report for the Canadian listing.
Go IGEN!
http://www.rnwfmerger.com ~ I think it's a matter of just waiting at this point.
Go RNWF!
443M o/s ~ 293M unrestricted o/s -as of 06/02/20:
Note: The shields beside the numbers mean that the number was verified by the Transfer Agent as of 06/02/2020.
Source: https://www.otcmarkets.com/stock/DLCR/security
- This is one of the best share structures that I have seen in the OTC!
Go DLCR!
Item 3 » Updating all three IGEN brands for Sprint/TMoble IoT V2 Platform
» Launch plan with video tutorials ready to be released to the County Executives of America – completed
Source - May 2020 Form 7 -Progress Report - Filed 6/4/20 with the CSE:
https://www.thecse.com/en/listings/technology/igen-networks-corp
Go IGEN!
GOIG DD Pack: TransWorld Enterprises
https://docs.google.com/presentation/d/1jsDWv6ludGHsabU0UzUKqF_pjxu1WCY9jv6vyfCmSTU/mobilepresent?slide=id.g8098da00cb_0_141
Secondary link: https://transworldenterprises.com
View Scan product Mobile Version
Published on Jun 25, 2015
$VSYM ViewScan Advanced Weapons Detection System...Over 500 installed in Courthouses, jails, schools, federal buildings, and more... now with more features... https://t.co/6iQmYGXXpL via @YouTube
— View Systems, Inc. (@ViewSannabis) June 9, 2020
I found the BLDV shareholders conference call to be informative in terms of helping us better understand who the team is and what they are focused on and motivated to build.
I liked how they organized the call to help us virtually meet the BLDV team. I would have liked to meet Sebastien, but that did not happen. I found the team to be down-to-earth overall and realistic with no fluff, b.s. or misleading talk; this I appreciated.
I think Todd Scattini is the best thing that ever happened to BLDV. I was impressed with how he communicated and with his vision, intellect, focus, drive and passion for cannabis. If there is one thing that Josh did right, it was bringing Todd on board with BLDV. I think we are in good hands with Todd as he seems to be honest and trustworthy. Todd is the future of BLDV and I think he is capable of building a strong future.
The biggest point that they did not directly discuss during the call is how the R&D, technologies, services and their drive for cannabis will bring in revenues and profits for BLDV. The market needs to know how all of this will be monetized and how it will translate into revenues and value for the pps. This is a key point that they need to address during the call next quarter.
I liked how they confirmed their commitment to No R/S. They are working on reducing the o/s for the 700 million shares from Cann10 NA.
Go BLDV!
After you register, an email is sent to you with a link to the zoom webinar ID for the shareholder conference call.
Blue Diamond Ventures, Inc. Launches Harvest 360 Labs Inc.
Source: https://www.newsfilecorp.com/release/56638
Go BLDV!
H360 Labs Puerto Rico R&D
BLDV CEO and CFO podcasts - https://bldv.us/podcast