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Question; What do you mean when you say they are Dumping 100 million shares?
Good Morning All, lets close the week on a good note: "HAVE A GREAT WEEKEND"
My understandings is as follows: Dilution, can only occurs when new shares are added to the unrestricted (common or preferred) share count. These shares can only come from the companies Treasury Stock (unused Authorized shares) or Restricted shares that are converted into unrestricted shares which has to be approve by SEC.
Most debt owners do not want dept converted into shares, if the company does not increase in value or falls in value they can lose out by the conversion. Most of the time when a company tries to convert debt to shares against the dept owner’s wishes, it then would take a court order to force the debt owner into accepting the shares, as in NNRX's recent past.
My understanding is that NNRX can create new debt; there is no restriction on creating it, though the SEC has a time line on reporting it, but the OTC is much more liberal along those lines, which is also helped by NNRX filing the 15-12G with the SEC. At present, NNRX is not listed with SEC but is under the OTC guidelines.
Basically, the 6-month and 3-month charts saying we have bottomed out, also showing high accumulation, neither over bought or sold, RSI showing the same at present.
The 3-month as well as the 1-month and 10 day charts shows we are range bound between .0002 and .0003.
It is possible we could indeed see the .0001's pop up, but in my opinion it would be because some one was trying to start something so they could buy some real cheep shares.
It's only been 9 days since the last news from NNRX. They most likely will release something next week as well, seems like they want to get a bi-monthly thing started from there last three releases, who knows.
We waited this long for something to happen, whats wrong with still waiting. Remember a loss in not a loss till you sell at one.
In the past such comments by NNRX were called fluff and pumping. I am quite sure if those comments you are referring to were made by NNRX, it would be called “Fluff” again.
It would appear that growing the company is more important to NNRX at this time than growing share value, which will come automatically as the company grows. Investors by nature are interested in pps, owners by nature have growing company as there priority which in turn increases share price.
NNRX has no control who people use as a broker for the purchase of shares. I my self switch to TD because they allow trading in sub penny stock with stop signs and other restriction.
You know, with overly large amount of trades made on the Bid side of the trade, the pps still went up 4%, interesting.
As the song goes, I hope we are all still alive, and making money on NNRX
It would seem that someone holding a note would want to sell at the best possible price not at the lowest price. With the recent news why wouldn’t they want to hold for a better pps. Selling at .0002 for 140,000,000 shares is only $28,000 while just waiting a while with the recent news could see a higher pps, since most of the shares the past couple of days have been on the Ask side of the trade at .0003. Even selling at .0003 would be a 50% increase. It is more likely that NNRX need cash for a business use.
It has only been a month or less that the Stop Sign has been up, prior to that it was a Yield Sign . It, the Stop Sign, was put up because the time line for filing the End of Year report has expired. That is what NNRX is working on along with the First Quarter report. You must admit at this time they have a lot going on. With the size of there staff I have to assume these report are not at the top of there list as important things. I this point in time I would much rather see them working on contract and partners as a top priority.
I can think of no other logical reason for the amount of shares on the bid side of the trade being sold today. There has been no news this week or last to warrant some one holding shares to sell or an option to be exercised it at this time, for such a low pps. With the recent releases of news from NNRX why would someone holding want to sell at this low price?
P.S. With your subsequent post I have a better understanding of your concerns, since you have Thousands invested in NNRX.
We can only speculate on where the 140 million shares came from. Keeping an eye on the OTC”s site for NNRX’s Security Details in the coming weeks may give us an idea, maybe not. If the company needed cash to buy or pay for something, and did not want to use its cash on the balance sheet, it would sell shares out of the Company’s Treasury (Authorized Shares that are held by the company). Where NNRX is in the process of making deals and trying to expand, I am assuming this is the case as to where the shares came from. All companies sell Treasury Shares when they need capital and do not want to use the cash that is on the balance sheet, the other option would to be take out a loan which as we know is not the best option.
Looks like the three’s are the new norm till we get some GOOD NEWS. No one wants to make any moves till then.
Across all the market makers listed on TD for NNRX, there’s only about 18 million left in the .0003’s on the ask side. Would think it should move up to the .0004’s today. There is still plenty of buyers on the bid side left, over 120 million.
Good Morning All, Sure is looking good this Morning, pot is boiling.
Don't take this the wrong way, but why are you on this board if you don't plan on investing in NNRX anymore? Don't tell me you shorted the .0003's.
Running out of .0002 bidders, as i said before, down to 36,000,000 on the bid, Ask is also thinning out as well on the .0003’s down to 49 mil… Looks like every one is getting into a wait and see posture again. Good News should make this move quick.
.0004’s are up to 20,000,000 now on the level II Ask. .0003’s are starting to get thinner, around 36,000,000 left on the Ask, showing on TD.
!!Nice Find!!
Be careful shorting shares, it is very easy to get burnt.
On the level II list, the .0004’s have finally started showing there face back on the ask price. .0001’s only has 10,000 on the bid and .0002’s are up to 100,000,000 on the bid. A lot of people still trying to buy in cheep and no one are selling.
yes, i can't wait for the day when you can Google "Hemp Stock" and see NutraNnomics in the top three picks. A little dreaming never hurt any one.
Yes, interest is growing and the word is starting to get around. Moreover, there is a great sentiment change towards NNRX on this site as well, which is helping in getting the word out. When someone new hears the name NutraNomics or NNRX and Google’s it, Face book and IHub come up first and second. What they read on these sites forms there first impressions that carry a lot of weight as to there out look on the company. Positive comments bring in new investor interest in the company, which help spread the word. Negative comments turn investors away and usually stop them from looking any further into the company.
I would hope they stay away from Vaping, with the issues that are cropping up, there are going to lawsuits coming. Any thing you put into your lungs besides air are not good for them. And believe me I’m speaking for experience. There are many other ways to stop smoking,
!!! OH, BY THE WAY, TO ALL THE VETS OUT THERE, HAPPY VETERANS DAY !!!
I agree with you. I do not think the End of Year Report will tell a whole lot though, since it will reflect what has happened prior to these most recent PR’S. The First Quarter ending October 31st will be a lot more telling as it will show where we stand as of the 1st of November, basically now and that guidance should reflect the future.
The real defining Quarter will be the 2nd Quarter ending January 31st, which should show some of the income derived from California Finest Hemp harvest which should be taking place between now and the end of December, as well as any other income from new sources between now and Jan. 30th. In addition, the guidance from that report will be very telling.
The company has not failed under Bishop’s leadership, nor is it a fraud/scam as you suggest. Bishop did make a bad move if February with Waldron, which he will not repeat, Bishop was in to big of a hurry then and did not do the background checks he should have done. Back in 2013’, I could agree with you, that was a different owner and management team. Bishop outside of the one misstep in February has done/completed what he said he would do. The company has been moving forward, it has been at a slow pace, which has been mostly do to the lack of capital.
(Greed is the only reason that attracts traders to any stock!)
(The company has always had income, though expenses have been more, which is really not so uncommon for a company of any size.)
(Bishop has not been reinventing the company he has been adding to it, which has always been his aim.)
All stocks should be bought low and then sold high, when possible. For a company like this, if you think there is a potential for a good profit, you buy an initial position and then you can trade the ups and down with other assets holding on to the base position.
This stock has been bouncing between the two’s and three’s, if you were to just trade in that range you would be making a 50% profits buying the two’s and selling the three’s, that is a decent profit/income.
Agreed
There is a difference between “Emotions” and “Reasoning”. “Reasoning” at present, suggest that this stock is a hold for those owning shares as well as for new investors to take up a position in the stock. I am not saying a new investor jump in with both feet, but an opening position with an eye on increasing share count if, and when, this stock starts moving in a positive direction.
“Emotion” would be a shareholder selling his stock at the bottom discussed at its performance after riding it down. At that point what is the since, a loss is not a loss until you sell. At that point, “Reason” would say holding and waiting to see what happens. “Emotion” would be holding the stock as you see it losing it value while you have see a large positive gain. (I must admit, I was in the "Emotion" category back in late 2013'. I wasn't watching the stock that close and missed the down turn, when i notice it I still road it down hoping for it to turn. And again, I was almost back to even in early February and took the same ride again. I should have sold then but “Emotion” told me to hold when it started dropping. Never again will I ride a stock down and lose the profit a made.) “Reason” would have said sell the stock before you lose your profits and buy back in at the bottom with a new position if it warrants it.
When this stock gets back to the pennies, I will sell enough to recover my original investment and hold the rest for the continuation of the upward movement and sell if, and when, it starts turning down again. Which I hope will be in the far future.
“STOP SIGN” With all the positive News and PR’s that have come out, the pps hasn’t move from the .0003’s. It appears that the moving factor for NNRX will be the submission of the Quarterly Reports, October’s End of Year, and January’s First Quarter. Not only are the numbers important, but also the bottom line guidance, that is listed at the end of report hold the most weight.
When these reports emerge with a positive outlook and good numbers this stock is going back to the Pennies in short order. The Second Quarter 2020’ report with more positive Numbers and guidance is the one that will really move us into the upper .00’s and maybe even more.
Cannot wait, until then I am just holding tight and waiting for the acceleration to “Full Speed Ahead”.
"So right you are", as soon as the word gets around and we get current the pps will start it's run up.
That is my opinion as well, subbing out the processing of hemp goes along with the fact that they are contracting with farmers for Hemp product not doing the actual farming. That has been NNRX’s organizational pattern form the beginning, with Vitamins and Supplements; they did the formulation research and subbed out the sourcing, processing and packaging. Doing this is the best way to enter the Hemp Game with the least amount of cash outlay on infrastructure. NNRX appears to be setting themselves up as a parent company with many sub divisions i.e.: farming, processing, research/development, formulation processing, and packaging. While making there existing “Vita Essentials” company another sub division of Vitamins and Supplements. As the company grows and develops, in the future they can start developing there own farming and processing operations and increase there profits. For now, they have to work on a limited cash flow while continuing to grow. There present approach limits there overhead while increasing there margarine's and profits. It also leaves them a way to enter into other Hemp fields with the by-products of hemp processing, fiber, energy, etc...
I know, but the part I like is the part I underlined, initial contract purchase of organic hemp high in CBD content. That implies that NNRX is purchasing hemp product, not oil, which implies they already have a way of processing hemp.
NEWMEDIAWIRE – NutraNomics (NNRX) announces a Joint Venture with the well-known and award-winning California Finest CBD and the California Finest Group of Companies.
The arrangement provides for NutraNomics initial contract purchase with California Finest Hemp Farms, LLC. of premium genetics and California grown, organic hemp high in CBD content, below federal limits for THC, and pesticide-free.
Company executives as listed on there LinkedIn site:
https://www.linkedin.com/company/nutranomics-inc-?fbclid=IwAR2_dG1IRJ6SpKTUOpijVFFy_dFUZ5bW04LaeIiW5c37nx9FL_D-IfR32rM
Geoff Bazegian
SVP, Wholesale Materials, NutraNomics, Inc., OTC Markets:
Vanessa Aders
Creating global solutions by providing technical strategy and leadership via scalable SOPs, resource management & CSR
Laura Riffel
Chief Operations Officer at Nutranomics, Inc. ,
Amar Chandnani
CEO and Ecopreneur at EcoElements
NCR - National Capital Region, Philippines, VP and Director for Asia
NutraNomics Inc.
Neil Zoller as Senior Vice President of Agriculture Supply Chain.
It also states that company size employ wize is 11-15, assuming there other employs not listed above as executives of the company.
My mistake stop sign still there.
Outstanding share count now 2,770,045,449
OTC ERROR CORRECTED stop sign gone, back to Dark or Defunct...
Another Pistol Pete post on tweeter.
I'm betting NNRX will be current with there filings by the end of the month. looking forward to a decent pps increase before Xmas.