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My gut tells me this is going to be a bumpy ride this week. I feel the Bulls will ultimately win out though and the PPS will finally finish above .01 come Friday. The most interesting part of all of this is the Volume. Over 50 million traded today and still finished with a strong PPS.
This next 10-Q will not reflect a full quarter of operations with all of the labs. The Q3 is the big one to watch.
50 million in volume of selling and only down 6.45%....... This stock is a rock star.
No Change Still in SS. THIS IS STRICTLY PROFIT TAKING.
AS OF 11:40 AM
Good Morning,
The share structure for SIGNAL BAY INC as of 08/30/2016 is as follows:
3,000,000,000 shares authorized, 732,608,466 shares issued and outstanding, with 304,010,001 shares restricted.
Regards,
Nick Waldrep
Issuer Services
Pacific Stock Transfer Company
Verified yesterday after close as well.
SGBY - More News Out This Morning
https://finance.yahoo.com/news/signal-bay-acquire-cannabis-testing-100000136.html
Bend, OR , Aug. 30, 2016 (GLOBE NEWSWIRE) -- Signal Bay, Inc. (OTC PINK: SGBY) a leading provider of cannabis consulting, operations, and laboratory services announced today its intention to purchase a fifth cannabis testing laboratory located in Portland, Oregon. This comes just days after announcing a fourth laboratory purchase in Northern California.
This news should help break that .01 resistance that's likely out there and loosen the MMs grip on SGBY. News was released via the global news wire so we should get many eyes on this today. It's up on Fidelity and Broke via an alert on Seeking Alpa. Exciting time to be in this stock. Watch for high volume this week as the news spreads and people become aware of SGBY. GLTA
Just saw this on seeking alpha!!!!!! HUGE NEWS OUT!!!!!
I still have the email....I got you Gangsta. This was from a few weeks ago when Pixis was the first certified.
"We have accredited one lab for full scope (Pixis) and expect to have another lab (potency, pesticide extraction, sampling) by the end of next week. We have 15 audits scheduled before October 1st and depending on their audit, I expect a decent amount of them to be accredited by the deadline.
Thanks for reaching out. Feel free to ask questions anytime. I am trying to do some industry education about working with the labs and the new rules but have only been to a few industry meetings so far due to our heavy schedule."
Press release was done today......
Signal Bay Announces ORELAP Cannabis Testing Accreditation
Source: InvestorsHub NewsWire
Signal Bay Announces ORELAP Cannabis Testing Accreditation
Bend, OR -- August 29, 2016 -- InvestorsHub NewsWire -- Signal Bay, Inc. (OTC PINK: SGBY) a leading provider of cannabis consulting, operations, and laboratory services announced today that its laboratory, Kenevir Research located in Central Point, Oregon has received ORELAP Cannabis Testing Accreditation. This Southern Oregon laboratory is currently one of only three across the state that have been approved for Cannabis Testing to date.
CEO William Waldrop said, As of October 1st, 2016, the state of Oregon has mandated that anyone who wishes to sell marijuana in the state must have every batch tested by an ORELAP Accredited Testing Laboratory. We meticulously prepared our facilities in advance for accreditation based on ORELAP established standards and as of today, we are pleased to announce that one of our facilities has received ORELAP approval.
https://public.health.oregon.gov/LaboratoryServices/EnvironmentalLaboratoryAccreditation/Documents/canna-list.pdf
Signal Bay operates state-of-the-art testing facilities and offers reliable testing methodologies that ensure the safety and potency of the nation's cannabis supply. As the legalization of medical and recreational marijuana continues across the country, demand for reliable cannabis testing facilities is increasing.
Mr. Waldrop went on to say, With the new batch testing requirements that go into effect October 1, 2016, the frequency and scope of testing is increasing. Growers now have to test for every 10 pounds, whereas in the past they could have had one test for an entire crop of the same cannabis strain. In addition, with the additional reporting and expanding pesticide testing, the average price for compliance test may increase as much as 45%. This brings a few points to mind that wed like to address. One is that with one facility now approved, we feel confident that our additional locations should receive approval soon as well. Two, if there is a delay, we have a contingency plan in place for testing all product through the Kenevir Research laboratory in the interim if necessary. And three, we are working to expand accreditation to include both pesticides and residual solvents as well as we have relationships with third party labs who can handle our overflow for pesticide and residual solvent testing
Mr. Waldrop finished up with, "This is a significant milestone for us and we could not be more pleased. This was a team effort and I am extremely proud of all of our team members who played a part in helping to secure ORELAP Accreditation. Our focus over the next month will be to shift from accreditation preparedness to an aggressive sales and marketing campaign to build awareness and substantial market share. We will provide more information on accreditation as our other locations receive approval.
About Signal Bay, Inc.: Signal Bay, Inc., through its subsidiaries Signal Bay Research, Signal Bay Services and EVIO Labs, provides advisory services, operational management and analytical testing services to the legal cannabis industry. Learn more at SignalBay.com or the company can be reached directly @ 1-888-544-EVIO.
Notice Regarding Forward-Looking Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Posted today from the Kenevir Research Facebook Page....
"It's been a busy and exciting time for us at Kenevir Research. We were notified earlier last week that we officially received our ORELAP accreditation! OLCC licensing as well as other exciting announcements will be soon to follow.
We want to extend immense gratitude and many thanks to our clients for your continued support. We look forward to having the opportunity to continue to serve Southern Oregon's Cannabis community.
Getting ready for the upcoming harvest season? Contact us as soon as possible to coordinate testing services for this Fall. We are expecting a heavy volume of testing this season and want to work with clients to ensure we can continue to deliver the same high level of service you have come to expect with minimal delays!
www.kenevirresearch.com"
Still a good accumulation zone here. Slowly adding as the weeks go by myself (and I bought shares as low as .0006). The big run on this will likely happen In the reporting of the Q3 and Q4 revenues. The Q3 will reflect all three labs fully functioning pre-mandatory certification. The Q4 reporting will reflect Post-Mandatory Certification revenues. I can also see SGBY add 3-4 labs per year going forward as legalization continues to spread throughout the country. This play is truly just starting. Lots of voting in November should bring momentum into the end of Summer 2017 at minimum. Thus paving the way for greater expansion and consulting across the country. I feel anything under 4 Labs X .014(Thanks Fester) = .056 per share is below market for SGBY at this point in time.
GLTA!!!
You've found it. SGBY
The MM move out? Seeing a real ask/bid now....
So would this mean that at that point in time there was roughly $400K in outstanding notes? Which so happens to be the rough number of dilution that happened about a month ago?
I'll give him a friendly discount of 2.5 million shares at .10 today only. LOL. HATE THESE MM'S!!!!!
Volume still looking good here going into the lunch hour. Establishing a new base. Lots of big buys .009 to .0095. Looking good SGBY!!!! Let's see how much more the MMs will hold us back going into the EOD.
Signal Bay Announces ORELAP Cannabis Testing Accreditation
SGBY
Bend, OR -- August 29, 2016 -- InvestorsHub NewsWire -- Signal Bay, Inc. (OTC PINK: SGBY) a leading provider of cannabis consulting, operations, and laboratory services announced today that its laboratory, Kenevir Research located in Central Point, Oregon has received ORELAP Cannabis Testing Accreditation. This Southern Oregon laboratory is currently one of only three across the state that have been approved for Cannabis Testing to date.
CEO William Waldrop said, As of October 1st, 2016, the state of Oregon has mandated that anyone who wishes to sell marijuana in the state must have every batch tested by an ORELAP Accredited Testing Laboratory. We meticulously prepared our facilities in advance for accreditation based on ORELAP established standards and as of today, we are pleased to announce that one of our facilities has received ORELAP approval.
https://public.health.oregon.gov/LaboratoryServices/EnvironmentalLaboratoryAccreditation/Documents/canna-list.pdf
Signal Bay operates state-of-the-art testing facilities and offers reliable testing methodologies that ensure the safety and potency of the nation's cannabis supply. As the legalization of medical and recreational marijuana continues across the country, demand for reliable cannabis testing facilities is increasing.
Mr. Waldrop went on to say, With the new batch testing requirements that go into effect October 1, 2016, the frequency and scope of testing is increasing. Growers now have to test for every 10 pounds, whereas in the past they could have had one test for an entire crop of the same cannabis strain. In addition, with the additional reporting and expanding pesticide testing, the average price for compliance test may increase as much as 45%. This brings a few points to mind that wed like to address. One is that with one facility now approved, we feel confident that our additional locations should receive approval soon as well. Two, if there is a delay, we have a contingency plan in place for testing all product through the Kenevir Research laboratory in the interim if necessary. And three, we are working to expand accreditation to include both pesticides and residual solvents as well as we have relationships with third party labs who can handle our overflow for pesticide and residual solvent testing
Mr. Waldrop finished up with, "This is a significant milestone for us and we could not be more pleased. This was a team effort and I am extremely proud of all of our team members who played a part in helping to secure ORELAP Accreditation. Our focus over the next month will be to shift from accreditation preparedness to an aggressive sales and marketing campaign to build awareness and substantial market share. We will provide more information on accreditation as our other locations receive approval.
About Signal Bay, Inc.: Signal Bay, Inc., through its subsidiaries Signal Bay Research, Signal Bay Services and EVIO Labs, provides advisory services, operational management and analytical testing services to the legal cannabis industry. Learn more at SignalBay.com or the company can be reached directly @ 1-888-544-EVIO.
Notice Regarding Forward-Looking Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Report TOS
We might see one. It depends on how much these MMs stay in control.
SGBY news on State of Oregon testing certification last Friday. 8 K coming this week.
Could see a small bump in the morning if the 8K release is delayed. Then another bump on the afternoon. Need to see volume expand to put the MMs in their place trying to hold us back. Overall should be a good day and I expect us to touch copper.
I'm anxiously awaiting the opening bell.
This lines up with I am thinking as well. I just confirmed the averages you can up with and outstanding debt with what I noted when the OS was posted. I think it's highly likely that it was debt conversion we saw at around .004. At the end of the day the OS HAS NOT INCREASED IN THREE WEEKS. This to me is very telling with where they want the company to go.
I think the conversion is exactly what happened around .0035 to .005 based on what we saw for trading during that time. The information at the time was accurate and if you look at the date on OTC markets.com SS, it coincided a few days after his email was posted.
Nice marketing play here. Maybe even an opportunity to expand further into Cali.
Is it Monday yet!
On the bright side....if he keeps posting stuff the board is helped to get noticed lol.
Monday morning is definitely the day to load if you want a shot at sub Penny shares. I did email Waldrop to say congratulations to see if he would offer any other info up. He responded with a "Thank you. It's an exciting time." So much for my fishing expedition LOL.
Hey I hope you're right. I try to be cautiously optimistic and not get too excited. I was thinking the same thug regarding the buyout possibility. Definitely brings an interesting perspective on things. Thanks for the post and great information on the Cali Vote! Thanks again.
I know that Monday can't come soon enough! I feel this could easily run to .02. If the selling pressure stays off of it I feel we could see .03 by the EOW. I can confidently say that we should be done playing in a sub penny market.
As of right now I have no short term exit strategy. I would like to see how the business model plays out into the Spring / Summer of 2017. I feel there will be more labs purchased into 2017 to take more market share in Cali / Possible Expansion to other states depending on Laws Passed.
Best Case scenario that I can see playing out - This stock touches .20 - .25 by the end of 2017 with a ton of momentum being brought to the sector in early 2017. Green Rush 2017 - Laws coupled with SGBY Expansion / Revenues. I feel a best case scenario would bring SGBY to a market cap that TRT* once held of 150 million. That would bring the price of SGBY to .20 or above. Again this is BEST CASE SCENARIO
Disclosure - I'm playing with free shares at this point. Holding 2 million.
Thank you for the post. I'm always open to looking at things in a different perspective, especially from those with way more experience then I have! Thanks ART!!!
Great minds think alike. But you explained this way better then I did. Thanks brothcheld!
I think the quick answer is, yes they will. But I also know that the two other labs were going as well and they only need one certified to be official in the state of Oregon. So this is the initial relief, the other two will likely come over the next few weeks as the audits are performed. Emailing back and forth with the State Contact, she said they may be doing multiple visits for each certification.
Nice way to start the weekend! Go SGBY!!!!!
I'm expecting either the 10-Q or the Oregon Cert News to be released next week. Going to be an interesting ride heading into the holiday weekend.
No changes. SS is still the same! Looking good here. We may be done with the dilution completely at this point in time. It's been 3 weeks with no changes, and the labs should be seeing revenues coming in where they can secure more conventional financing for the expansion. Especially if the Cali Lab had 500 accounts.
Excellent new base forming .0075 to .008. Hopefully we see a close between .008 and .0085!!! Would be amazing for a Friday after the run this has had this week.
We should be hearing about the 10-Q or ORELAP Certification in the coming weeks. Possibility based on emails with the State of Oregon and Lab Facebook page that they had their visit last week.
It's been reported that there are roughly 26,000 potential clients in Oregon. I don't have the source off hand but that number is sticking out to me.
Going to be an interesting day. Let's see if the volume keeps going. This board is growing. Glad to see more input and DD being shared!