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You are right, auditing and uplisting are already in the cards. See the following:
SACRAMENTO, CA, Jan. 14, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- BOON Industries (OTC PINK:BNOW) (“BOON” or the “Company”), announces the Chairman Letter.
Justin Gonzalez, Chairman and CEO, stated “The Company has completed its testing and compliance for its new product DiOx+. The Company has also received an EPA establishment number for the production of DiOx+. There are several immediate purchase orders from commercial buyers, and various GSA contractors evaluating the product for military, civilian and government applications.
“Our auditing firm is finalizing the Form-10 and the company anticipates being a fully-reporting issuer this quarter, along with up-listing to the OTCQB. This will change the dynamics of institutional investor opportunities for our market, and strengthen our trading analytics."
Agreed...
This is a brand new company, not much attention yet, but I think that is a good thing. Right now it is all up to the company to follow through with their revenue projections and then, just between you and me, I think we are golden! $BNOW.
I know really! Look what happened to TGG*, same thing: Dark and Defunct, AS 12b, OS 9b, and no revenues??? YET, it traded in excess of 5b shares on Thursday and went all the way to $.0053, wtf!
Now, to explain this, for lack of a better term, irrational exuberance, I think all we have to do is look at the current trend on the OTC, where it seems the volume has increased exponentially everywhere! It's like the Reddit and Robinhood types have discovered the wild wild West in the OTC with trillions and trillions of mostly unregulated shares, compared to what they had been trading, and now they are like kids in a candy store!
And get this, all these new investors are convinced that everything they buy in the OTC goes up! And, for them at least, right now everything does go up: every stock they hit has to go up because they are like a swarm! In fact, with their numbers and sheer volume they are driving all of these penny stocks into nose bleed territory, even the ones that are dark and defunct, some even bankrupt! Then when they are done with one run they just move on to the next!
I've been trading more than 30 years, half that in the OTC, and I see a trend and I don't think it's going away anytime soon; just waiting for their next stimulus check! Then too, all of these new investors are only just beginning to discover the OTC. And as they do they are dropping Robinhood because it does not allow them to trade on the OTC! Furthermore, they got slapped around a bit in Game Stop by both the SEC and the big boys controlling the Hedge Funds and practically everything else too! See the following article; good read:
https://www.reddit.com/r/StockMarket/comments/la8lrc/robinhood_exodus_and_otc_cannabis_stocks/
Bottom line, I think Fernhill is next to run... Especially with the expected upcoming PR detailing the order Fernhill is filling, likely right now as we speak, to the military commissaries in Europe. Finally, everything I see tells me that $FHBC is set to run and run hard! In fact, this next push could break those 40s and then Penny Land is only just a hop skip and jump away! Go $FHBC...
Yep and that's nothing! Just imagine what happens when that $52 million dollar contract is finalized, then the $12 million dollar hospital contract, and expecting a PR any day now! $BNOW.
If the Reddit and Robin Hood types find $BNOW, with a low share structure like this, just now in the midst of negotiating $64 million dollars in contracts, they will be so frustrated because there just won't be enough shares to go around! Hell, the DTC only holds 5 million shares and, even if all 46 million shares in the OS were available, 35,200,030 are restricted, there still wouldn't be nowhere near enough shares to go around! And all this will cause a feeding frenzy the likes of which we probably have never seen before and who knows; how high might $BNOW go; the sky is the limit!!!
Agreed, absolutely, and, I don't know why $BNOW hasn't gotten more attention! For instance, they are running the heck out of TGG* with a share structure that is atrocious: AS is 12 billion shares, OS is almost 9 billion shares and with zero contracts, not to mention Dark and Defunct too; traded over 5 billion shares on Thursday and I think another 3 billion shares on Friday, oy vey!!!
On the other hand, $BNOW is projecting and negotiating $64 million dollars in contracts right now and the share structure is a thing of beauty!
Per OTC as of:
2/4/21
AS: 529,999,000
OS: 46,422,603
Projected Qtrly Rev: $16,000,000
Yearly: $64,000,000
Margin 40%: $25,600,000
Yearly EPS: $0.5515
Multiple: 24
PPS: $13.23
WOW
Go $BNOW
I think you and I are reasonable in our assessment, however, this is the OTC and when $BNOW is discovered, with projected revenue of $64M per annum, momentum kicks in and all bets are off and the sky is the limit! I for one don't plan on missing the launch of this ship; expecting a great show!
With just this one small 2m per year contract we are somewhat reasonably valued currently @ $.30 to $.45:
OS:? 42,451,520
Qtrly Rev: $500,000
Yearly: $2,000,000
Margin 40%: $800,000
Yearly EPS: $0.0188
Multiple: 24
PPS: $0.45
However, if we get to $64m per year in verified contracts then we are way undervalued and the sky is the limit here because this is only just the beginning of this brand new company! Go $BNOW...
Gooduncle, on February 7th, 2021, I sent a text to Buzzy regarding my $BNOW spin-off shares and below is his response:
Hi Larry, hope all is well with you and your family. November has come and gone and still no spin-off shares; any update? I like what you are doing with spin-off number one, Fernhill, so I picked up a few shares, 20 million to be precise, and am looking forward to a good year! Now, I know you won't be involved in the management of spin-off number two however, I kind of like what Boone Industries is doing with spin-off number two and I sure hope to get my shares as promised! Things look to be moving finally and any update you could provide would be much appreciated.
Thanks Larry.
Until later!
Buzzy's response:
"I'm trying to get the officers of LOFB to release them. It's up to them. I can't issue LOFB shares. We are on it. My lawyer is on it constantly."
Last year at about this time $BNOW ran all the way to $1.50 and so fast it would make your head spin! And we've seen a lot more substance since... The company has been releasing news on Wednesdays and Thursdays and is due. Finalizing the highly talked about $64 million dollars in DiOx+ contracts per annum would be a boon! Looking forward...
Well, anything is possible in the OTC! First, I know the share structure will change, I expect the OS will go up, but for right now at least my numbers are real and things could get real exciting with the kind of revenue this company is projecting already, $64M per year! $BNOW
Per OTC as of:
1/20/21
AS: 529,999,000
OS: 42,072,603
Qtrly Rev: $16,000,000
Yearly: $64,000,000
Net @ 40% Margin = $25,600,000
Yearly EPS: $0.6085
Multiple: 12
PPS: $7.30
Although, a multiple of 24 is more likely for a fast-moving/fast-growing stock:
Multiple: 24
PPS: $14.60
WOW
$BNOW
Yes Brocool, and that may be additional revenue based on the following updated forecast which is now projected to be $64 million dollars per year. Just waiting for the final confirmation PR of these contracts worth $64 million dollars per year in revenues! Wow, and this is still just a penny stock:
"SACRAMENTO, CA, Jan. 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- BOON Industries (OTC PINK:BNOW) (“BOON” or the “Company”), announces while the company is finalizing the distribution details for their contract worth $52M per year in revenue, it prepares to receive purchase orders for hospital based applications for an additional projected $12M annual revenue."
Go $BNOW!
I agree, the commissary deal alone is huge and opens the door to all the military commissaries around the world. In addition, this company has a number of established niche products which cater to the unrepresentative youth market which is huge especially because they all grow up to be adults! Furthermore, this company is working tirelessly to establish new distribution channels throughout the entire United States and now internationally too as Fernhill beverages are already sold in Mexico and Europe!
Why is Fernhill trading at a PPS of only $.0027 when they are already grossing $4 to $5 million per year? I don't understand, it really makes no sense. This fledgling company is way undervalued and IMHO should right now be trading at $0.02 or more PPS... $FHBC...
In fact, news is expected any day now regarding the big military commissary contract in Europe which is supposed to be filled and shipped this month!
25s are up! $FHBC.
Imagine that, Boon made the breakout boards! $BNOW.
Yin and Yang... For everyone like him there is one opposite too. And you are right, I agree, neither are welcome. However, we are not supposed to question one's motive on this board no matter how clear it is or obvious it is one way or the other! That said, this company will stand on its own 2 feet or it will fall but I'm really liking what I see so far!
For instance, Global Consortium has a plan already to produce and sell product and is set to net $200,000 dollars per month within the next one to two quarters! Not bad right out the gate for this fledgling company. In fact, if you ask me, this is quite substantial, especially as most on the OTC never make a dime! Then also is the fact that this brand new marijuana company has taken up business in the largest cannabis market in the United States, and right in the midst of a Cannabis Megatrend, woohoo! This is good stuff. Go $GCGX...
YES, $BNOW!
Me neither, not for sale... Go $GCGX...
Good on you, I think you sold way too early, but good for you! With a new CEO coming, audited financials, and the promise to file the S1 all together means one penny at least, minimum, between now and the end of this quarter; IMHO... Go $GCGX!
Only time will tell though based on the reports and the numbers the future looks bright for this fledgling company. Good luck. $BNOW.
Sorry, meant $BNOW!
Agreed my friend. Go $GCGX...
Enjoy your super bowl Sunday!
To your question, specifically, revenues are Gross, earnings are Net. $GCGX.
Good questions, my calculation starts with the projected revenue of $64M per year. My Net is 40% of the projected revenue. Then, Earnings Per Share, (EPS), is always based on Net and is divided by the Outstanding shares. Finally, to get to Price Per Share, (PPS), you multiply the EPS times a reasonable multiple, 24 in my calculation. In a fast-growing stocks a multiple of 24 is reasonable....
What makes this PPS a little crazy though is the fact that the Outstanding shares, right now at least, is so low, only 42,072,603 million shares. That said, it also makes this a very exciting opportunity! Go $BNOW...
The Motley Fool regarding the multiple:
"Expected earnings growth coupled with P/E-multiple growth can offer a powerful one-two punch. (Warning: numbers ahead!) Imagine a stock trading at $10 per share -- 10 times its EPS of $1. As earnings grow, the stock price will likely increase to maintain the multiple. For example, when earnings are $2 per share, the stock price should be near $20. But if the multiple is also growing, the price is likely to increase even more. If a reasonable multiple is perceived to be more like 15 and the earnings are $2 per share, the stock should eventually approach $30 per share. Companies generating above-average earnings growth and trading at below-average P/E ratios can make for great investments."
Go $BNOW...
Okay, you got me there, but, the multiple means nothing on the OTC. However, on the big board a 24 multiple is common in fast moving stocks and can easily run as high as 100! $BNOW it's going to be a fast-moving stock in my humble opinion and I've got my golden ticket!
Yes, now you're talking and that's why I'm in this stock. I am not in it for the Diox +, though that seems is going to be quite impressive. However, I am in $BNOW for their water soluble solutions and ability to infuse both CBD and THC into beverages. I believe their solution solves the age-old problem of trying to mix oil and water and, I believe this is going to be where the real money is! In the meantime, that projected $64 million dollars of contracts per annum disinfecting hospitals, airlines, military, etc, etc, is incredibly lucrative!
Look again my friend:
SACRAMENTO, CA, Jan. 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- BOON Industries (OTC PINK:BNOW) (“BOON” or the “Company”), announces while the company is finalizing the distribution details for their contract worth $52M per year in revenue, it prepares to receive purchase orders for hospital based applications for an additional projected $12M annual revenue.
Now, I believe the contract you're talking about and details were released on January 14th and was for $25 million over 3 years. I honestly believe this is additional but I didn't even include that $25M:
SACRAMENTO, CA, Jan. 14, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- BOON Industries (OTC PINK:BNOW) (“BOON” or the “Company”), announces the Chairman Letter.
“The company has completed Phase I & II of building its production plant and corporate offices in Grass Valley, California, and has started production, bottling, labeling and shipping of its DiOx+ product. Projections during the next 3 years are approximately $25M." $GCGX...
You are right Boonwolf, time to make some money! $BNOW management has stated, a number of times in fact, that the company has or is finalizing financial contracts worth approximately $64 million dollars per year! So, what does that actually mean, potentially, for our price per share, PPS? Well, let's speculate:
Per OTC as of:
1/20/21
AS: 529,999,000
OS: 42,072,603
Qtrly Rev: $16,000,000
Yearly: $64,000,000
Net @ 40% Margin = $25,600,000
Yearly EPS: $0.6085
Multiple: 24
PPS: $14.60
WOW
Now, I know this sounds like crazy talk, especially in the OTC, however, these are the actual numbers, at least the way it stands right now. Okay, + a little speculation. Anyway, this company is still just in its infancy, hell, the DTC is only holding 5,020,301 shares right now and, even if all of those shares were in the float, I presume they are, then that is an insanely low float! Bottom line, this company was just born, is just about to find its legs, and, just like a Gazelle, will be up and running shortly! Go $BNOW...
Hey everybody, I just noticed that Global Consortium is on the breakout boards and climbing.
You are right Sharky, $GCGX actually went from about 2 cents to over 5 cents and I remember it well: It was the middle January 2019 and I was still on furlough, though, thinking, "furlough is not so bad, hell I'm making a 1,000 times more money just laying here in bed"; it went all the way to $.052, woohoo!
Besides, it's not my job to show you the proof, it's the new CEO's job and he'll do it over time in PR's, filings, and in the financial reports. I've got time especially because this looks like it could be a thriving new marijuana business in short order; everything is just about in place and ready to go! $GCGX...
Okay, Touche, Tilray had a multiple of nearly 300 and went to a high of $300 per share! So then, pick your multiple if you will; I'm kind of partial to 300 though 24 is a much much more realistic multiple! LOL.
Okay, have it your way but without optimism you'll never make any leeway. These are all numbers and milestones provided by the company just like any other company should and would provide. The subsequent quarterly and annual reports either will or will not verify the integrity and capability of the company making such claims.
Now, we are about to get a new CEO who is likely to make new claims, new promises, along with new numbers and I will be right there along with every other swinging dick to verify those numbers. And yes, it really does matter so don't throw the baby out with the bath water just yet! $GCGX...
Okay I'll see you and raise you with a new CEO. Now, I don't know how much a new CEO is worth but I do know that an audited annual report and a S1 filing is worth $.01 at a minimum just to qualify for the OTCQB. $GCGX...
Again, check your math. Even with 4 billion shares the potential @ $200,000 per month net equals $2,400,000 per year: It's not even a stretch to project, right now, a PPS of $.014:
Qtrly Rev: $1,500,000
Yearly: $6,000,000
Margin 40%: $2,400,000 Yearly
Yearly EPS: $0.0006
Multiple: 24
Soon: $0.014
$GCGX...
Already did that, all in... $GCGX...