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Now lets take the time to re-read the June 19th PR on OTC’s Site. It sort of falls in line better with there newsletter of May and the present OTC update, doesn’t it.
I previously said I would wait till the 26th. of this month to make up my mind about NNRX’s future and my investment in it. I’m re-thinking that statement, going to wait till Fall to make up my mind, but you can guess which way I’m leaning at present.
Now let’s re-look and the May 24th News Letter in this new light.
1. First paragraph: “The isolate/distillate markets have made a predictable swing this year away from isolates and more towards full or broad-spectrum distillate to take advantage of the benefits of the whole plant. As with all products and extractions associated with NNRX, our products have less than .3% THC, making them federally legal (with zero psychoactive effect) under the existing and somewhat cloudy laws regarding CBD.” Note: “our products have less than .3% THC” Is this a slip on the tong are they already developing CBD products for future sales.
2. Second paragraph: “On deck for a complete redesign is our top seller” & “This new delivery system provides for an almost instantaneous delivery into the bloodstream to provide the most immediate results” & “The product will be ready within 12 weeks with new branding and packaging to reflect our newly invigorated approach to health”. These quotes show redesign of existing product line (vitamins & minerals) using nano technology recent partner help (Tempo)? 12 weeks (end of Aug./summer), new branding?
3. Sixth paragraph: “we have two other products ready to be branded and brought to market, including our first product with CBD in a nano-sized format and featuring mangosteen, another powerful anti-inflammatory component.” New products in production? Same 12 weeks time line, note CBD mention.
4. Seven paragraph: “NUTRANOMICA UK LIMITED. In the near future, press releases regarding the specifics of this subsidiary and its operators will be disclosed. We will also be in a position to announce all farming and acreage, both domestically and internationally, that has been finalized at that time. Key metrics for disclosure includes full execution of all agreements, funding in place, and approval for release publicly of quotes and information by our partners” There not going to make the same mistake they made in Feb. (Waldren).
5. Next to last paragraph: “Our goal is to provide transparency while remaining true to the covenants made to the markets and required by law. This is not always an easy aspect to straddle. During the first half of this year, we have poured all our efforts into our BioMedical and Wholesale Materials Divisions, turning now to a greater focus on Contract Services and Sales. We will be able to transition more time and effort into communications, but if they are sporadic, just know there is a good reason for it.” They are going to do things the right way this time. Things don’t happen over night.
Re-read the whole May 24th. News letter there’s more than what I highlighted.
These are my opinions when you re-read news letter form your own opinions.
This is only my opinion.
Looking at the dates involved in the Definitive Agreement of Nov. 28th., 2018 and posted on OTC late yesterday. I am assuming that was a major factor in NNRX returning into darkness. One would assume that the settlements after approved in January would take some time to resolve. This being said, In my own opinion, I think that was one of the Major reasons for the delays in producing Quarterly Reports for 2019 to date, Also, the reason for the increase for shares to 2 Billion. With these settlements, when completed, which may be done by now, there would be a reduction in the company dept of 1 Million dollars. This would make it easier to secure new partners and new financing for the advancement of the company. Note: we are talking about settlement of old dept, pre reorganization. This should allow the company to move forward with it’s new direction with less baggage from the past.
I am looking forward for news form the company and updated Quarterly Reports in the future.
NUTRANOMICS, INC. A Nevada Corporation 605 PORTLAND AVENUE #154 GLADSTONE, OREGON 97027 (781) 664-8043 Website: www.nutranomics.com Email: ir@nutranomics.com SIC Code: 2020
CURRENT REPORT OF
NUTRANOMICS, INC.
JULY 12, 2019 FOR NOVEMBER 28, 2018
Entry into a Material Definitive Agreement.
On November 28, 2018 the COMPANY entered into a settlement agreement and stipulation (“Settlement Agreement”) with Livingston Asset Management LLC (“Livingston”), as later amended on March 28, 2019, in connection with the settlement of $950,769 of bona fide obligations the Company owed to certain of its creditors. The settlement agreement was subject to Federal court fairness hearing, and on January 3, 2019 a Federal court granted approval of the Settlement Agreement. If satisfied in full, pursuant to the Settlement Agreement the Company shall be able to reduce the Company’s debt obligations in exchange for the issuance of shares of Company’s common stock to Livingston at a 50% discount to the market price, in one or more tranches, pursuant to the terms of section 3(a)(10) of the Securities Act of 1933, as amended. In connection with the transaction, the Company issued to Livingston a convertible promissory note in the principal amount of $50,000 bearing interest of 10% per year to cover legal fees and other expenses, The Note is convertible into shares of the Company’s common stock at 75% of the lowest closing bid price for 30 trading days prior to the date of conversion. At no time may Livingston beneficially own more than 9.99% of the Company’s outstanding common stock. Under the terms of a separate engagement letter, in connection with the settlement agreement, the Company is to pay a registered placement agent ten percent (10%) of the dollar amount of creditor obligations extinguished pursuant to the settlement agreement
The foregoing is a summary of the terms of the Settlement Agreement and is qualified in its entirety by the Settlement Agreement attached hereto and incorporated herein as Exhibit 1.
It’s called churning, new investors getting in and old one leaving. Can also be caused by some one selling smaller number of shares cheep only to turn around and buy larger numbers of shares at the lower price.
True PPS increase comes from growth in company value from revenues or acquisitions and mergers. Market Cap can increase in value by investors buying shares at a price above the value of the company’s assets or capital, which is call speculating on an increase in the company’s future value as a hole. The whole principle of buying stock is for future value.
The market cap price per share will in crease in proportion of people investing in the company at a price above it’s present value, that is where the PR’s and News Letters come in to being, it is the speculation of a companies future value as outlines in a PR or News Letter. The better the PR the quicker the price per share will go up. the ground work has been laid in the June PR and additional exceptionally positive Pr this month could make this stock go back to the low pennies if there are enough people who will to speculate in the increase of value. As I see it the more negative comments being said will only negatively effect the speculating in the stock. Any on who has an investment in this company should not be adding any negativity to the company; they are only being counter productive to there own investment. The only people I can see possibly gaining for negative comments would be people shorting the stock, which is a activity I deplore, it hurts the little investors that have a hard time absorbing the loss and usually wind up selling, when in fact if there losses are great enough should hold, they had a reason to buy in the first place, speculating on future profits.
At the present volumes of shares being, bought and sold, I would not be investing new monies into this company. Profits are best made when a stock has a large daily volume tens of millions of shares or more, you can get in and out quickly.
Also, even the hiring of employees or officers, would not be considered as dilution, since employees have an Intrinsic Value.
I’m going by what is shown in OTC securities section for NNRX as of July 5th this year.
There is a difference between dilution and expansion. Both would show an increase in the number of shares outstanding.
One difference is owner ship by investing partners, which would receive shares in return for capital spent on company. Another would be the company selling shares to raise capital to purchase something bldg’s., land, office space, equipment, etc… Outstanding Share increases in this respect; this in it’s self would not be considered dilution of the value of the company. Note: Market cap for the company is relatively the same in respect to share price.
Dilution of Value in the company’s Outstanding Shares, as you seem to be inferring to, would accrue if the “company” did not receive something of value in return for the shares.
Has any one notice that the outstanding shares have gone up to 2,090,359,106 as of July 5th. That is a sizeable increase; some one or one’s have made a large investment in the company and have a 30% stake.
Does anyone want to speculate what is going on now? Sort of ties in with the June PR, something is changing with the company.
That's only my opinion of course, but I am betting over 14 mil. shares on it. This company seem to be working in a rather unorthodox way, put they are saying the right things when they do talk. P.S. they did finally pay for the Utah Convention thought it took a while.
So I will be waiting till the 26th to see if PR is released. Which I will consider to be the end of the middle of the month.
Again I must admit that like others there should have been a email to share holders who signed up stating why there website is down. That is very disappointing that no announcement was made about the website.
Copy of my post #45247 of July 10th in case you missed it.
"It appears we are forgetting NNRX Press Release of June 19th (only 3 weeks ago), note I said Press Release not news letter, which went over AP News Wire. Note the fifth paragraph:
“BioMedical Holdings, LLC is the first of our farming subsidiaries and will hold our initial farming opportunities. We should be in a position to announce specifics with regards to 2019 farming by mid-July. Our first domestic farming locations are anticipated to be primarily in the western United States. This acreage should be perfected shortly and will be announced when fully signed and funded”.
Mid July "term" to me means somewhere between July 8th to the 26th of July. I will hold of my judgment until then.
As to the web site, I have no idea, hoping they are redoing the whole site, which would be a reason for it being down. They have been renewing there Domain Name every year it does not come up for renewal until June 14th 2020. I admit they should at least have put out a email to registered people at the least."
Think I am going to start putting on my Muck Boots before reading post!
Where does it say that they were switching hosting? It was not in there last News Release. How can they be lying if they (NNRX) did not say it in a PR or News Release?
If I posted that, the moon was falling and I was an astronomer from Zamway Un., would anyone run to find the deepest cave just because you read it on the internet?
Just saying, some things are posted to do one thing, Manipulate stock pricing, and are not always true. It does not mean a company is lying.
That login address you have posted is for World Press login not NNRX.
I do not picture NNRX growing the Hemp, they will be collaborating with existing farms to supply them with Hemp to manufacture and sell the products produced. As this quote from the BS News Wire release states: “BioMedical Holdings, LLC is the first of our farming subsidiaries and will hold our initial farming opportunities.”
If they do in the future buy farms or property, I am quite sure they will hire managers to run the farms for them. Remember they are/will be a supplier of Hemp by-products for sale not farmers and will still sale vitamins & minerals and related health items.
I must have missed a newsletter or pr somewhere along the line. Where was it stated that NNRX said they were finalizing there Audit and it would be released shortly. Or again, are on just a we relying post someone wrote?
It appears we are forgetting NNRX Press Release of June 19th (only 3 weeks ago), note I said Press Release not news letter, which went over AP News Wire. Note the fifth paragraph:
“BioMedical Holdings, LLC is the first of our farming subsidiaries and will hold our initial farming opportunities. We should be in a position to announce specifics with regards to 2019 farming by mid-July. Our first domestic farming locations are anticipated to be primarily in the western United States. This acreage should be perfected shortly and will be announced when fully signed and funded”.
Mid July "term" to me means somewhere between July 8th to the 26th of July. I will hold of my judgment until then.
As to the web site, I have no idea, hoping they are redoing the whole site, which would be a reason for it being down. They have been renewing there Domain Name every year it does not come up for renewal until June 14th 2020. I admit they should at least have put out a email to registered people at the least.
I have yet to see anything posted by NNRX stating why there web site is down. How come only one person has heard from NNRX and no one else? Is there only one person on there email list?
"enthusiasm" to many bears yesterday!
Possibility or merging with Viti. Even be taken over, there's plenty of money out there. I think it's a complete do over of there site tho. Smells like someone with money is influencing Bishop's moves. NNRX isn't going anywhere they need Nutranomics to sell extracts and infused vitamins not to mention there new nano products. Though they are going to be expanding in a lot of directions. Just hope whomever has the money can keep Bishop under some sort of control so we don't have a repeat of the past whit over infusisisum.
I think something is in the wind, there website has been down fore a while now, though there investor email is still working. I think they will be releasing a revamped website to coincide with there mid July news release. This may be the last week to be able to buy shares at these prices. I see some .0004s were bought today, in my opinion some one has made a good buy. Still holding my shares and have increased them by a couple of mil. in the .0005’s.
Guess that would be asking for a lot.
Anyone notice that NNRX’s web site is down, hope they are revamping it for Mid July’s report. Speaking of Mid July report, next Friday or the flowing Monday could be considered Mid July or the start of Mid July. I’m hoping for great news coming along with new web site at the same time.
And wouldn’t it be great to see some quarterly reports as well.
I do expect the outstanding share count to go up. You don’t think that taking on New people and mergers and/or buying property is not going to cost NNRX something, since they are low on cash convertible notes and selling stock are ways to raise cash. Even if he takes on partners with deep pockets they would have to receive stock for there investment and all this stock would have to come from Treasury Shares of company held stock. This would make the OS go up and would dilute share value, which would reflect as no movement in price even though there was an extra large volume of buying
I call it my play money, if I loose it my life stile will not change.
Don’t get me wrong, Day Trading is not a given way to make money. You don’t jump into anything with both feet not knowing how to land or what’s in the water.
I’m saying Day Trading is the right approach for NNRX at this time, I don’t see any big swings in this stock looking forward till some real positive news comes out and they get Current again with OTC. What I do see is a decent daily volume where you can buy and sell in, which is one of the main needs in day trading and also what appears to be daily up and down moves of 20%.
No one wins all the time in day trading but, with some practice you can average on the + side of the trades. And again I must say this is a sub penny stock and investing in any sub penny stock is taking a big risk; there is a reason its sub penny. You can make money in sub penny stocks and you can also just be sitting on your money waiting for a move when you could be putting it to a better use.
That being said, I have a fix position in NNRX but I am also am Day Trading it as well as other stocks with decent volume. And, again I must stress that the money you use for Day Trading should be money you can live with out, NOT your saving account or your rainy day money.
This is not a news letter it's put out over public news services.
BusinessWire, GlobeNewswire and PR Newswire News
Nutranomics Inc NNRX:OTC Pink - No Information
NutraNomics, Inc. (NNRX) Announces Establishment of UK and Domestic Subsidiaries for Expansion and Farming Opportunities Along with a New Huntington Beach, California Headquarters
GlobeNewswire
11:28 AM ET
via NEWMEDIAWIRE -- NutraNomics, Inc. (NNRX) announces establishment of UK and Domestic Subsidiaries for expansion and farming opportunities along with a new Huntington Beach, California Headquarters.
NutraNomics is please to announce the formation of our International Division and our first farming subsidiary in the United States.
NutraNomics UK LLC Limited is the newly formed, wholly owned, international presence for NNRX designed to encourage international partnerships and agricultural funding opportunities. Established in the United Kingdom, the entity will hold and transact our international opportunities by providing a more attractive home for international investment interests. We have secured significant investment opportunities that can fund large scale operations meeting specific criteria. NNRX is in the process of packaging farming opportunities to present, should we opt to exercise this source of funding. We are also reviewing and vetting several other opportunities for hemp cultivation internationally that fit the standards set by this funder. NutraNomics UK LLC Limited will be the entity for all Caribbean, South American, African and European farming operations currently under analysis. The phased approach to our 'Eco-Campus' entails tranches of expansion, starting with farming and expanding to extraction and greenhouses. This will provide NNRX with the opportunity to grow into the international markets as each country defines how they will handle sale and export of biomass, fiber and extracts associated with growing hemp.
"It is clear the market demand for hemp, both Medical and Industrial, will be no closer to being filled in 2019 and 2020. This shortage provides a unique opportunity for NutraNomics to respond to market demand while building out our farming and extraction," says Jonathan Bishop, CEO of NutraNomics. "The potential legality and distribution issues that surround CBD extracts in the US, or at the very least the cloudy nature of FDA approval as compared to the international community, gives us the confidence that the diversification of our farming operations is not only right, it is necessary for the immediate and long term growth of the company."
BioMedical Holdings, LLC is the first of our farming subsidiaries and will hold our initial farming opportunities. We should be in a position to announce specifics with regards to 2019 farming by mid-July. Our first domestic farming locations are anticipated to be primarily in the western United States. This acreage should be perfected shortly and will be announced when fully signed and funded.
NutraNomics continues to be one of the few, if not the only company approaching the hemp harvest with a dual approach to profit potential. The separation of cola (flowers) from stalk and stem at harvest provides 'chunky biomass' for extraction with higher CBD content than if processed with the whole plant, while rendering stalk and stem for use in the industrial market, something unique to theindustry thus far. Other operations have separated the stalk from the cola and provide chunky biomass for extraction, but none are further processing the stalk and stem for sale to the commodities markets that need hemp. Our Wholesale Materials Division will be managing the sale of all products created in association with hemp cultivation efforts.
Expansion of our corporate footprint has begun with the establishment of new California Corporate Headquarters in Huntington Beach, CA. Future offices are planned for Orange County, new office location in Portland, OR, and our Wholesale Materials Sales Division in Worster, MA.
NutraNomics will announce our 2019 Shareholder Meeting once dates at the end of summer are identified.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Jonathan Bishop
CEO
NutraNomics Inc.
www.NutraNomics.com
For now NNRX is a DAY TRADING STOCK. It is making daily 20% swings, which is not a bad daily profit on a weekly bases. $500 investment would yelled a 100 dollars profit a day, if you could be right 5 days in a row that $500 for the week not a bad income.
Kupoiu
When the company sells shares they are Treasury Stock Shares, it is not Bishop’s own stock which is OS shares. When company sells the (TS) shares they are converted into Outstanding Share which in turn dilutes share value when that money is spent, unless it is spent on something that increases the value of the company. Bishop would then profit from the % increase in share value, if the value of the company increased more than the dilution of the share value by the increase in the number of OS, we as well as share holders would see the same % per share profit in share value increase.
Direct sale of (TS) would not increase Bishop’s personal income, which would only be increased if the value of the company stock increased, which we all would value from. If this were a PRIVET COMPANY then yes Bishop would directly profit by the sale of (TS) shares, this is not a privet company though.
Don't feel bad, he was the source of all the bad feeling that are happening now, not the Company. And yes I am defending the Company, not Bishop, who has made a number of bad moves.
The Company is what I have invested in, Not Bishop, this is a real company and it still has potential and is a very cheep buy. A .0001 increase in price at this point is a 20% profit on an investment, how any one handles that profit is there own concern. If you make a 20% profit 4 times a month while reinvesting previous profits you have double your money the month.
Outstanding Share (OS) count increase could come for a number of reasons. Bishop’s privately owned shares were already counted in the OS. Company owned shares (treasury stock) is not counted in Outstanding Shares. An increase in OS can come from Employee Stock Option which is exercised to buy a certain amount of company shares (treasury stock) at a predetermined price. Or the Company can sales shares to raise capital which could be used to pay a new employee or to purchase something.
If this stock is so bad then why are there 50,000,000 shares on the bid at .0005 and only 4,000,000 on the ask at .0006?
I like all the buying on the ASK price, shows that confidence is starting to come back in the company for now, how long this last is anyone's guess. Who knows maybe someone knows something and is buying in small quantities so the price doesn't go wild yet.
The only way to get power and influence what Bishop is does with this company is to buy 51 percent of the company shares.
Other wise you are just a stock holder like me in an OTC sub penny stock of a company that has an OTC Stop Sign up. In other words share holders are gambling just like me that this company is going places and I do believe this company will take off by this Fall. Just my opinion.
I don’t know anything about the PR that Upline is talking about, first I heard of it today.
I was also somewhat surprised when I read the list of corporations that started as penny stocks, there are even more that are not as well known. Sometimes it pays to hold. I learned the hard way years ago. Bought and sold Priceline for pennies back when it started, double my money and moved on, kicking my self now. Same with some other well known stocks, guess it took me to reach my 70’s to wise up.
You would be surprised by the corporations which either have or are traded as penny stocks.
Ford Motor Company / General Motors.
Pier 1 Imports.
Sirius XM.
Xerox / RadioShack / Eastman Kodak.
LoJack / Second Cup / Alcatel-Lucent.
Monster Beverage Corp. / BlackBerry.
Fannie Mae / Freddie Mac.
This was not a PR nor was it intended to be one. It was to inform existing share holders that they were actively working on company projects. Existing share holders are sitting on there shares not buying more. Why would the price or volume change, the only ones that got this information are true share holders that though enough of the company to get on there mailing list.
Again, I must point out, investing in sub penny stocks has a very high risk factor; I only use money that I can afford to lose. It might mean not taking a vacation I had planed, but nothing more serious.
That is the way I am playing it. A lost is not a lost until you sale the stock, the company has been around a long time and has an income and partners, it’s not going anywhere. If you sale at a lost it takes about 1 ½ times the percentage to make it back. Bishop wants to make money as well as we do, I am quite sure he has a lot more shares than we do. This is not going to happen in a couple of weeks, its going to take time, unless he is further along than I would guess. If any one was down only 5 to 10% it would be a tossup, a 10% loss in easier to make up and is the usual rule for when day traders leave a stock. If it goes down to the low trips like some are saying, I will buy more and cost average down.
This is just my opinion everyone has to do what they think is best.
That is one of his problems; there are no public funds to use. He has a very limited amount of monies to work with through the existing vitamin/supplement division of the business and what ever capital he can raise from banks and investors which is limited. One of his best bets to move forward is to partner with some one or merge with another business. What he has going for him is an existing bran name and already being in the market as NNRX. When you have very little to work with it takes a lot of time and effort on his part. Anything he is working on, he is not going to be talking about publicly and running the chance of squashing any on going talks. Also, he has learned a hard lesion with the last failed merger. He is not going to announce anything before it is close to or a 100% fact and approved by the parties he’s talking with.
You can still make money with this stock. The difference between .0008 and .0009 is 11% that is a good one day return on your money, repeat this three times a week and you’ve made 30% profit. Don't get greedy, the world is not going to end tomorrow, take your time and watch the way a company's stock moves. You should watch the movements of a stock, a lot can be learned. Read the charts on the daily , weekly and monthly movements.