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I haven't seen anyone mention the chart. It's BEEYOOOOTEEEFUL! CLASSIC cup and handle (top at .0012). I was waiting for the handle to form, and I jumped in just before it completed (.0008). Like Adam Sandler would say, "NOT TOO SHABBY!" I expect the price to AT LEAST triple from that point (at .0012); and with good news, make it a 10 bagger! My other cup and handle play is XA**LL, and is up 3X from the top of the handle already.
I've done that exact thing more than once. Fortunately, not with XALL!
Ouch! That's "painful honesty" right there!
Yeah baby!
Any day now, peeps gonna clue in to the news that's coming on (or about) the 15th of July, and this thing's gonna reclaim .10 quickly, imo.
My thoughts exactly!
Thanks for the feedback FF.
You're off on those moving averages. The price was under .01 until a few days ago, so having a moving average price over .01 is impossible.
XALL is an EXPLOSION in slow motion! LOL!
We'll see! lol!
Thank you for promising that! In every breakout of this chart pattern that I've ever seen, there is an initial charge forward, followed by a retrace to almost the starting point, before continuing on its merry way upward and onward! lol!
Hadn't noticed that. Ameritrade charts show a couple green candles that should be red. Highest close for almost a year, certainly for the last 2 months of this handle pattern! That is indeed great news!
Shares being kept for acquisitions. No new shares will go out into the float for some time.
BEAUTIFUL cup and handle chart formed! One of this size usually points to long and strong gains when it takes off -- sometime in this next week, 2 AT THE MOST!
Read the charts. It's a gap. Lots of people selling their lower-priced shares. Doesn't read as dilution.
The release says "market and sell." Doesn't say anything about inventing or even developing.
So t h i n !
Dilution is most likely over, or all but over.
Sarcasm at its finest! lol!
Just a beautiful cup and handle forming. I've seen 10 baggers and more from the top of the handle (.01).
Oh, so he is! lol! I'll set my sell for .034!
PAUL not on level II
Doesn't the intraday just leave you salivating!
HomeBistro was a private CORPORATION. All corporations have stock ownership. But not all corporations are publicly traded.
GRTD will become 100% HomeBistro, (not 20% of HomeBistro).
GRTD stock will be diluted by HomeBistros 1-for-1 share exchange with GRTD.
with the result that was WAS 100% of GRTD pre-merger will now be 20% of GRTD/HomeBistro post-merger..
Percentage of ownership remains the same post reverse split. Since # of shares goes down, value per share goes up an equivalent amount. (ie: down 1/32 in number, up 32X in value).
Of course this doesn't take into account what the market thinks, or how it will react.
Check out their webpage. Not too shabby! https://homebistro.com/
Home Bistro was founded in 2014, and in 6 years has grown to a $43,000,000/year company, ranked the #1 home delivery meal service in the USA, according to CNET.
Home delivery meal services are just ramping up in popularity, and could become the wave of the future, especially if covid-19 stays around as a problem.
Got scared when someone posted that GRTD only got 20% of HomeBistro.
That's totally false, but the damage was done. It'll bounce back shortly.
Well that's the figure I used. Course valuation is more a factor of net earnings X what's popular now and immediate growth possibilities.
You said it a lot better than me.
In fact, in a reverse merger -- ESPECIALLY one with a dynamic, multi-million dollar, proven company like HomeBistro -- having the shell company represent a full 20% of the new company is REALLY A LOT. I've seen 5-15% is more normal, since the shell only contributed a public trading platform. So, if there's 17M O/S now (I'm going by memory), then the new O/S will be 85M of the ENTIRE COMPANY. That's still low! 45M / YEAR IN REVENUES, in an emerging field, which will grow like crazy because of the coronavirus!
There it is! Liar liar pants on fire. 100% of HomeBistro was obtained by GRTD in an all stock transaction. Here's where you're misleading everyone. Read carefully.
"Pursuant to the terms and conditions of the merger transaction, all of the issued and outstanding shares of common stock of Home Bistro was exchanged for shares of common stock of Gratitude, resulting in Home Bistro becoming a wholly owned subsidiary of Gratitude. The shareholders of Gratitude retain approximately 20% of the issued and outstanding common stock of the Company, on a fully diluted basis."
OF COURSE most of GRTD will be held by the principals of HomeBistro. But the fact remains that ALL of HomeBistro will become GRTD.
Link is gone, deleted, forsvant, disappeared.
Some kind poster decided to "report" that only 20% of HomeBistro had been obtained by GRTD in the deal. Hmmmm... that post is now gone! People dumped because of it, and somebody got cheapies.
Bought near the first peak. Bought more when it dipped down. The CEO of HomeBistro is a proven commodity. Built his first venture doing this very thing from the ground up to 30M/year, then sold to a public company, which is when (I think) he got a hankering to be a public company himself. This second time around, he's brought with him all the lessons he's already gone through. He's in it to build a nationwide brand, not sell paper.
Most advertise by direct mail, offering steep discount for first few meals (if not a free one or two). I get them all the time. Not saying this is the ONLY way.
*shudder* - as in shake slightly in response to an internal stressor
Great spread! For a while, it was -.0001! lol!
Incorrect, it did not trade like dilution all day.
Didn't trade like dilution, all day. That 3M could certainly be dilution, but it didn't seem to affect the trading today at all.
T-Trade not a trade. An exchange. It WAS nice end of day trading, and sets up (after 3 days of accumulation - textbook for more gains) for nice green candle tomorrow.
Nothing but retail.
Sure didn't trade like it was diluting yesterday.