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$BLEG Another 700m shares to be retired from the outstanding share count as well.
See paragraph 3
“In conjunction with this significant retirement, Branded Legacy is on track to continue the retirement of an additional 700 million restricted Common shares. This action is a clear demonstration of the company's commitment to reducing its share count and thereby increasing the intrinsic value of its stock.”
https://ih.advfn.com/stock-market/USOTC/branded-legacy-pk-BLEG/stock-news/92666675/branded-legacy-commences-buyback-of-1-000-000-pref
This company has wisely released its news on ADVN Newswire service where it will get seen!
Good to see you back as well dude. I thought Covid had got you it’s been so long!
What happened to Gonzilee did he change his name
You’d best see my message on your favorite stock of the moment. If CJ shows up there you’re in trouble.
Not if you are on it. It’ll get flipped into the ground by you. Trash my stock and I’ll bring the team over to trash this one.
Taylor Swift is going to be the first artist to realise $1bn from a single tour. Her concerts in Seattle caused earthquakes each night from the speakers and the fans stomping their feet at the same time!
https://www.bbc.co.uk/news/world-us-canada-66347361.amp
That tweet seems like it’s asking people’s opinions. They don’t commit to acting on what the majority vote for.
Thanks for posting this. I’ll read up on it over the weekend. I’m just reading up on AI and stuff like Chat GPT so this will fit right in with the other stuff I’ve got to read.
Sonny, why don’t you go and ask these questions directly to the company on twitter? If you want information about the company, ask the company Twitter account.
They reply!
I’m presuming you know how to use twitter?
Why are people so lazy?
Why don’t you at least get off your behind and do a Google search? Then see what you come up with?????
Why do people sit around expecting everyone else to do the heavy lifting for them!
They can communicate that on Twitter because they already stated that they were selling the non core assets.
Facebook is also permitted as a means of communicating with shareholders.
Where are the Clowns? Send in the Clowns. Don’t bother. They’re here!
Lines from a very well known song sung by the late great Gracie Fields!
Price per share is often a function of something called the price/earnings ratio.
This is taken from the Charles Schwab website:
“The P/E for a stock is computed by dividing the price of a stock (the "P") by the company's annual earnings per share (the "E"). If a stock is trading at $20 per share and its earnings per share are $1, then the stock has a P/E of 20 ($20/$1). Likewise, if a stock is trading at $20 a share and its earning per share are $2, then the stock is said to be trading at a P/E of 10 ($20/$2).”
So the share price would usually be a multiple of the amount of earnings.
So depending on possible industry averages, rating by the market as a whole of the company and how well it is run, financial management and quality of the management etc etc etc you would expect the share price to be multiple pennies if the earnings were one cent per share.
Well yeah there were buyers already lined up with their catcher’s mit ready! I hope that seller of the big block is ok and isn’t I’ll themselves or have family unwell either.
You know what will happen next week, there will be an avalanche of good news on OTC stocks. All the CEO’s are just waiting for the shortest trading week in the year to pass then away they’ll go.
I’m seeing OTC CEO’s tweeting saying that.
Anyone who has the most rudimentary understanding of technical analysis can follow these simple facts that follow.
The longer the share price stays in a tight range, the more the RSI has time to cool and then returns to the oversold level. Translation - when more news comes out the price has plenty of room to run before the RSI needs to reset again. If the price appreciates steadily with the release of any more news then the RSI will not need to cool down at all because it will remain in the accumulation zone.
Meanwhile the stock continues to have even more buyers lining up to take advantage of dips the lower it goes.
On average, it seems that buys and sells each day are in a ratio of three to one.
The fact that the career bashers are here clearly indicates that the market makers who are paying them, have a significant uncovered short position which they have not been able to cover by the usual methods of manipulating the bid and the ask on those tiny sells. That, as well as the fact that they are moving heaven and earth to keep the stock price under 13 which is also a strong resistance shows desperation where their stop loss hunting (as could be seen on BLFR today) only creates an excellent buying opportunity!
Then finally, as the Bollinger Bands tighten up the price gets ready to break out. You may wish to note that the very well known I like BB who is one of the longest registered IHub users takes his name from Bollinger Bands!
That market maker’s algorithm has been set to “desperate” !! Desperate to keep the price below 12 and mark the stock down on the tiniest sell.
Too funny!
Wait till the buyback kicks in. The amount of money they’re allocating can basically buy up the entire outstanding share count as it is.
Let the trolls have their fun. The CEO clearly has much bigger plans and ambitions for the company and the share price!
Keep flipping it for me so I can top up later in the week!
Oh dear the market makers really are wheeling out the career bashers huh and guess what nobody is listening!
Excellent news. I had a feeling that something more would come out this week.
I thought it would be Tuesday.
You Golden Cross & CJ retweet my latest tweet in reply to your last tweet.
Well yeah I was agreeing with you!
Yes but it’s only the quality low float stocks that are going anywhere this time around. Any companies that tweet to dilute are just making sure the only people that buy their stock is the market makers!
Excellent. Glad we’ve even managed to convert you into a believer as well !
How many did you buy?
A must read. Ty for posting to remind everyone of recent press releases.
Your post on Twitter showing insiders own 88% of the Outstanding Share count is well worth sharing here again my friend.
It’s only 8am in California. They probably haven’t got out of bed yet!
Well now you come to mention it! Something tells me that shorty’s gonna get his ass handed to him on a plate next week!
Thanks for reminding me.
Lol! Lmao! Well looks like Dracula hasn’t got back in his coffin after Halloween huh?
Why is the market huge for chicken’s feet as an example of one product that this company sells? It’s so simple it will make your eyes water but don’t tell anyone where you found out!
You clearly haven’t eaten chicken for a while so let me remind you. Chickens only have two feet so supply is limited. Therefore as more and more people in China want them people will pay more and more for them. It’s called the law of supply and demand.
Remember, China alone has a population of 1.41bn people. Then there’s everywhere else in the world that is looking for chickens feet!
That’s just one of the products this company produces!
I’ll leave it at that. I could joust with you all day.
Red to green already and buys are being recorded as sells by market makers.
Looking strong today on this tiny volume.
Super Robot on Twitter is hosting a Spaces interview with the CEO on Wednesday.
JCP approval is huge and it’s not something that you can easily get!
The company has been bidding for the JCP for a very long time so it’s a very significant milestone to achieve it.
All African countries are prone to corruption where whatever you want can be bought for the right price. My Dad had his picture taken with the President of India once because my dad got on extremely well with the Deputy Ambassador here in the UK.
So it made a nice pic. Social media didn’t exist in those days. My dad was extremely well connected in journalism and political circles back in the day and we have the pictures of him and my mum with all of them taken at the time.
Who cares! Has he been appointed as a paid advisor nooo! He’s being courted as a donor to politicians so they can siphon off the funds to their private offshore accounts!
Remember the Panama papers!
CE has always been around its just that now OTC Markets uses it to also help out short market makers!
But it doesn’t help if you say that you are the largest marijuana producer in the world and don’t hire a decent investor relations firm to stop you going into a private discord room to then get everyone to post absolute rubbish on twitter the day after!
Did MoonMarket used to be called Wolf of Wall Street? Is that correct or is it possibly speculation that you saw elsewhere?
Yes but there’s more to be made yet.
You see all of this really is speculation.
Unless an overseas listed company is domiciled in a highly structured regulated economy/ financial centre anything that they say is very hard to independently verify.
Here’s why I’m not comfortable with this company. I get that they’ve said that they have enormous absolutely stupid huge orders per month in a signed contract. Fine.
So if they’re supplying THAT much hemp cannabis etc etc to this one company alone - with that much supply capacity and ACTUALLY (apparently) having been contracted to supply it monthly. Why hasn’t the open market price of cannabis fallen like a stone? Those amounts that they have informed us of would basically destabilize the entire cannabis market? It’s a simple equation of supply and demand.
It doesn’t add up. If they’re raking in all this money why aren’t they hiring industry specialists in logistics and considering the value of their holdings - international security specialists, people who have top level experience of corporate support/ investor relations/ public relations etc etc etc?
After all if you’ve got a stupid large amount of money in the bank, you can afford the best in every field of expertise that you need to recruit for. Can’t you?
Instead they’ve consistently been diluting, I’m presuming to pay the bills. Then my question is why do they need to?
Can anyone remember what the share count was when they took over? I’m sure it’s a lot higher now! I’m thinking they’ve probably added about 1bn? Or maybe it’s 2bn. I seem to remember that the float was 6bn and something when that press release hit.
Question. If they have absolutely stupid amounts in the bank, why didn’t they start buying back shares from day one?
Why dilute so heavily if you are able to access the bond market? Why dilute so heavily when you’ve got all that money coming in?
Something doesn’t add up to me and until they actually fly over an independent team of auditors from one of the big four accounting companies in the world and ask them to independently verify everything they have stated objectively to PCAOB standards, they clearly, to be polite, haven’t shared everything.
Just my thoughts.
I wonder who it was that bought that 129k the other day.
Posted this last night as well
https://x.com/ctt_pharma?s=11&t=2Qrxjk1i1PUCvFztJw8vrA
Company tweeted that news was coming out on Monday. Everything is speculation. But here’s the thing. Someone wants these shares and is willing to pay for them.
Considering the current market and that the market is as it is at the moment and the tiny share structure and the fact that they’re debt free and the fact that you were around to see the 2008 crash, have you ever seen a stock trade like this?
That’s my 2c. Someone wants these shares and is willing to pay. Hopefully we will find out why in the coming days.
But, this patented technology of dissolving strips to deliver nicotine, medicines, cannabis and health supplements/vitamins is a game changer and has the potential to disrupt ALL of those industries!
10c is on the ask now!
Someone is bidding then gives up and slaps the ask. Do they have any preferred shares or super voting shares? Might be an idea to issue themselves one!