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Could be the best top management team in any industry IMO. Excerpt from the GLNNF September U.S. office expansion press release.
“Our US expansion is key to our strategy of signing large North American restaurant chains,” says Glance CEO Desmond Griffin, “Silicon Valley is an ideal location for us to access the world’s premier high tech ecosystem as we continue to develop our technology.”
“Mobile payment is a game changer. We see people of all ages use their mobile phones in restaurants to take pictures of food to share on social media. Customers will love the convenience of paying for their bill with their mobile phone and collecting loyalty points. San Diego is ready,” says German Feuchte, owner of Ta’cul Mexican Cocina.
The US restaurant market is estimated to generate over $780 billion in sales annually.
Over 230 restaurant locations are signed to use the Glance Pay app in Canada, which is now live in 4 provinces across Canada.
On top of that GLNNF has opened their U.S. office in Silicon Valley to expand their product in the U.S. Still personally contemplating on seeing a non-dilutive financing package of $100s of millions soon. As you say non debt + virtually no direct competition particularly in the Canada MJ sector. Big insider common ownership between the CEO and COO.
This Nov 21 news/video with GLNNF COO Penny Green is Awesome. A must listen IMO.
"Glance Technologies is Looking to Make Acquisitions, Says COO"
https://smallcappower.com/videos/editors-pick-video/glance-technologies-inc-stock/
Betting institutions will just keep buying to who knows where! Forgetting corrections, market cap, etc., a $3 growth stock like Glance with a fairly small share structure to many is very cheap priced and they may want 100+ baggers from here and the company may do a f/s not too far down the road.
Good point but I recall one stock I was in about 15 years ago that ran from $2 to $70 in 1 year then did a 2:1 forward split and ran back to $70 fast. And recall a tech stock during the 90s boom that ran from about $.25 to $80 in about 6 months. Not sure if GLNNF will rest as it may have a lot of catching up to do with some of its peers and I believe Institutions are already all over this accumulating taking shares away from the trading float. In the meantime, fast super revenue/deal making growth globally IMO.
Nice first Glance post Jackpot! lol.
Sadly many are bailing when things are just starting to heat up with GLNNF. It's getting unaffordable now for the smaller retail and the ones who bought in under $1 and bailed on a $.25-$.50 pop, many never be able to get back in for what I believe will be $billions in market cap to come not too far down the road.
Alibaba Group Holding LTD (BABA) in China has almost a $500 bil market cap. Similar business as GLNNF. I think that's where Glance is heading fairly quickly.
Some Huge blocks flying through at the ask. Institutions have arrived IMO i.e., financial, fintech, cryptocurrency, and MJ. $GLNNF
Catching up with what the Chinese are doing in this pay by phone sector + as you say GLNNF is in the MJ sector + own stock in companies. Alibaba with a current market cap of $489 bil and Tencent with a $500 bil market cap. Amazing the potential here with GLNNF quickly IMO.
For an example if one currently owns 200 shares of GLNNF it would be worth $500K if it grows to the Alibaba and Tencent market cap levels.
The hope is that FEPI (Kassett's Company that is settling virtually all the debt) who will initially own approx. 95% (475 mil shares) of the KALO common stock will try to make money. The little 5% common shareholders which include officers/employees/Rajni Kassett and the rest of the retail will either sink or swim with the direction the company takes.
Looking for a $100s of millions credit line PR soon. A company with the potential of GLNNF will soon join the big company non-dilutive borrowing capacities IMO. The company is virtually debt free with lots of cash to date. Lots of institutional stock buyer eyes on GLNNF IMO.
Poster, that was years ago. Will KALO continue diluting their stock for pay this time around or will they run a viable business? Who knows? They run the company and we don't. Many actual stockholders like me will keep a close eye on what they are doing when things get hopefully moving again one way or the other.
Now that GLNNF has breached $2 combined with their Awesome business plan, institutional buying will begin stepping in buying 100K+ shares per trade IMO.
Flaflyersfan, like I stated in my previous post, nothing has changed to date in comparison with years gone by except what appears to be a new business plan. We all know the company as of the 9-30-17 last Q date has never generated any revenues. Some may believe the new business plan is actually to dilute and do toxic financing once again while others like me are "hopeful" based on current filings/actions to date providing a new direction the company will surprise all and turn out to be a viable company. I don't think it will be long before we know whether the company continues as a dud and dissolves or starts moving forward in a positive way.
Lots of cynics for sure in the market including KALO based on what usually happens and past experience. One thing the naysayers are correct on is KALO has not brought any value to the table to date ever. But will that change with all of this going on? Some are hoping yes while others have a definitive no.
IMO, the reason the r/s wasn't so dramatic is due to insider management and Kassett himself owning a big % of the common. Otherwise, us little shareholders would likely have been totally wiped out with a big r/s ratio rather than a not so bad 1:600 based on the billions o/s.
Agree, that for KALO to suddenly be moving forward and with FEPI going to settle virtually all of the debt of around $4.1 mil, they would likely see light at the end of the tunnel, hence, are there significant revenues/profits going forward, merger, etc.? Without any concrete light at the end of the tunnel that comes to quick fruition on this restructure, the share price from any r/s will go no bid again in a hurry IMO.
Personally thinking positive here due to all the developments but so far, no sense at all of revenue/profit potential and how and where it would come from.
The 10Q issued yesterday is outdated information (2 months old) for the period 6-30-17 to 9-30-17. Please advise stockholders specifically what possible revenues/assets will be in the year end report, an 8K, or the upcoming 10K after the first of the year?
Isn't the FEPI post split shares of 475 mil supposed to be restricted? How will the debt be immediately paid off by them if that is the case? We wait and see how all this pans out pre and post split. $KALO
Flaflyersfan, "HOPE" is an investment strategy component as nothing is for certain in the stock market particularly in the land of the OTC. But you're opinion that KALO will make the wrong moves on the get-go causing a crush of the share price almost instantly is certainly a possibility. We just have to wait and see what happens. I always appreciate those views showing the possible downside based on past history. At the moment we don't have any information as to what assets/revenues if any KALO could bring to the table at the time of the r/s. If nothing is brought in, I'd have to agree with you and Poster in that the share price will tank almost immediately even if there are only 6-7 mil in the trading float.
My thought is since FEPI is making KALO debt free paying back most of the debt obligations of the $4.1 mil assigned in the lastest Q is FEPI will do this with cash and not dilute themselves or other investors including management. We wait to see one way or the other and if any tanking occurs with a small trading float, will investors step in?
An honest opinion based on the past actions of management but what few actual retail shareholders are left here are hoping that management is taking a different direction this time around. IMO, does it make any sense whatsoever to start the dilution and high salary payouts right off the bat with the current restructure that appears in the works? We wait to see as this will likely IMO be the last chance KALO will have to boom or as you imply bust and go into the ditch again.
Actual shareholders here are hoping for the best as we've been sitting on a non-value stock for at least a couple of years for most of us. We would like nothing better than this company do the right thing and be a success going forward. It's always prudent to consider the possibility of the other bad side of the coin based on the past.
From the 14C filing this past May.
We are writing to advise you that certain common and preferred stockholders, owning approximately 54.55% of combined voting power of the common and preferred stock, have approved by written consent in lieu of a stockholders' meeting:
1.
To reverse split our authorized and outstanding shares of common stock on a 1 for 600 basis from 15,000,000,000 authorized shares with a par value of $0.00001 per share to 25,000,000 authorized shares with a par value of $0.00001. All fractional shares will be rounded up to the next whole share.
2.
After the completion of the foregoing reverse stock split, to increase the authorized shares of common stock from 25,000,000 to 1,150,000,000 shares with a par value of $0.00001 per share.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12075292-1161-38311&type=sect&TabIndex=2&companyid=736857&ppu=%252fdefault.aspx%253fcik%253d1389034
Poster, those 1,086,186,666 shares are the new a/s increase from the approx. 25 mil r/s total shares. This was explained in earlier filings. The o/s at the get-go will be approx. 14 mil with insiders owning about 50% of that + the 475 mil (restricted) issued from the 1,086,186,666 shares to FEPI who will be paying off about $4.1 mil in the debt leaving only about $300K in liabilities.
Don't see KALO diluting at the get-go. Would hope they learned lessons before but we will see. They only used up about 1/2 of the 15 bil a/s before.
Read somewhere that GLNNF would go to at least $50 in 2018 due to their Cypto (Fintech) Technology. Who knows for certain but my hunch is he may be on target. I envision a Huge amount of non-dilutive financing on the way for Glance soon i.e., $100s of millions. Even a small 100-200 share investment could pay off nicely in a relatively short period of time.
Per this latest Q filing, looks like all of the debt except for about $300K will be settled by FE Pharmacy, Inc. (FEPI).
"On April 8, 2017, the Company entered into an agreement with FE Pharmacy Inc., a company controlled by a shareholder of Kallo, and a related party, whereby in consideration for the issuance of 475,000,000 post reverse stock split common stock of Kallo, FE Pharmacy Inc. assumed and will pay all of the Company's outstanding indebtedness as at April 7, 2017. Because FINRA has not approved the reverse stock split yet, the 475,000,000 shares issued during the quarter ended June 30, 2017 will be reduced to 791,667 when the reverse stock split becomes effective and 474,208,333 additional post reverse stock split shares will be issued to make them whole again. The 475,000,000 shares issuable to FE Pharmacy Inc. has been valued at the book value of the total liabilities assigned to FE Pharmacy Inc. of $4,135,037. The assignment of the liabilities to FE Pharmacy Inc. has been recorded as a receivable in the equity section of the consolidated balance sheet and will be reduced as the liabilities are settled by FE Pharmacy Inc. During the quarter ended September 30, 2017, the assignment of liabilities amount has been reduced by $320,000 cash settlement of convertible promissory notes and $120,206 cash settlement of accounts payable."
In again today on the pull back. First time in was around $.50. Perfect share structure of about 110 mil o/s where insiders control close to 1/2 of that. Lots of hot irons in the fire on this one.
Sage, from the mailing stockholders received this past August. I believe insiders including Kassett may own about 50-60% of the 8,753,547,461 o/s so that will leave approx. 6 mil or so in the trading float after the split IMO.
Page 9....
"As a result of the reverse split, the outstanding shares of common stock will decrease from 8,753,547,461 to approximately 14,589,246 with a par value of $0.00001 per share. This will allow us to substantially reduce the fees being paid to the Nevada Secretary of State."
"Upon conclusion of the foregoing, we will file amended articles of incorporation to reflect that our authorized shares of common stock is increased to 1,150,000,000 shares with a par value of $0.00001 per shares."
Page 10....
"Thereafter, we will increase the authorized shares of common stock to 1,150,000 shares of common stock with a par value of $0.00001 for the purpose of issuing FE Pharmacy, Inc. 475,000,000 common shares. In consideration of the issuance of 475,000,000 shares of common stock, FE Pharmacy has agreed to pay all outstanding indebtedness of KALO that existed on April 7, 2017. We beliee the foregoing transaction will be in our best interest and the bet interest of our shareholders and will remove all our outstanding liabilities from our balance sheet and will make us more attractive to investors in the future."
They are late on the latest NT filing for the last Q. I wonder if there is information in that Q that they don't want to make public until they are ready to r/s and issue formal forward guidance, update websites and other social media sites. After all, the market is likely currently in a Holiday frame of mind until after the first of the year.
This company has a lot of infrastructure and global alliances already in place but appears to not be able to deliver significant revenues on its own at a fast pace. Needs a buyout/merger badly IMO and I continue to believe that will be the case in the very near term pipeline. A deep pocket would likely take this company to new heights much faster than with the small staff in place now. Curious as to how the current Q is going.
Holding my shares as I think we're already near the bottom of about $.015. The market seemed to know the report wasn't going to be stellar.
Thanks for the clarification. The Form 144 means "Proposed Sale" and the From 4 showing the actual sale will be issued later. Bottom line is it appears the shares of the COO will be for sale in the near future IMO. Hence, my buyout theory is still intact.
FORM 144
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
https://ih.advfn.com/p.php?pid=nmona&article=76094310
That depends on what if any assets are brought in by KALO at the time of the r/s. But agree a r/s in itself with nothing else will be detrimental to the stock price but does a r/s make any sense doing it prior to having something significant in hand first? The company only used up about 1/2 of their previous 15 bil a/s. Now per earlier filings this year, there will only be a tiny fraction of the approx. 500 mil available to trade on the get-go with FEPI going to own about 95% of the o/s stock which appears to be restricted. Tight trading on the get go either way.
Thanks for the info but the purpose of a Form 4 filing to the SEC is to show insider shares bought/sold. Maybe the shares haven't been sold to date but the filing was made and is ready for a sale. Otherwise, they can just list the number of shares held by major holders under any financial filing like the upcoming Q. I just don't think the IMTL CEO could say anything that could be happening behind the lines. The response really didn't answer any questions.
The latest PR feels like some kind of joke. Curious who at IMTL would authorize a PR like this? Also, hopefully we will find out why and to whom the COO has/is selling his approx. 38 mil shares? The only thing that makes sense to me is someone is taking over IMTL via a buyout and the COO got a premium price. All of this is very strange recent activity. It's almost like the company is playing with us till the deal is done.
The COO Jonathan Thomas to my knowledge has never bought shares in the open market. But, the CEO has recently bought over 2 mil. The recent actions of both the COO and the CEO are interesting to say the least.
IMTL has been very quiet lately going into the Q report. Could be a lot of irons in the fire happening at the same time as the Q. Whatever we find out about the sale of the approx. 38 mil shares by the COO will be interesting for sure IMO. This is one of the oddest sale transactions I've seen in my years of trading stocks for a small cap company with so much promise with one of the founders selling his shares so early.
As you indicate, the market is not responding. It likely also doesn't know anything concrete until details are released by IMTL. IMTL is truly flying under the radar for a reason IMO.
Agree, it could be a good sign but again why? Does an organization need 2 COOs? Hence, my merger/buyout speculation. He could have sold his large block shares off market (private placement) to someone for a slight discount to a buyout/merger price?
These are the COO shares that were named on the filing and sold and NOT by the CEO who recently filed a bunch of Form 4s for over 2 mil shares bought. I remember reading in earlier news and/or filings somewhere a while back that the COO owned about 40-50% of the o/s shares, I believe that was when the o/s was somewhere in the 60-75 mil range.
The question remains why has the COO Jonathan Thomas sold all or most of his shares and to whom along with what price? Very strange transaction at this juncture IMO and may mean the COO is leaving the firm or there is a merger/buyout in play IMO.
IMTL
Interesting but as indicated, why in the world would the COO sell his shares? Is he leaving the firm? Or is there another reason to sell likely most of or his total common share stake in the company?
I look at Network 1 Financial Securities, Inc. as the listed broker (Investment Banker) who handled the sale of the COO's stock to an unknown party.
Again, the questions I have is why the sale, to whom were the shares sold, and what was the sale price?
Hopefully, we'll get answers soon as for the reason for this weeks filing.
Great. COO sold almost 38 mil shares which is likely all he had IMO. Why, To Whom, and What Price? I'm sticking with my merger/buyout theory.
With the filing this week advising of IMTL COO Jonathan Thomas selling approx. 38 mil shares, IMO something is going on behind the lines for this to happen. The question is why would an officer be selling most if not all of his common shares (appears to be a private transaction) and to whom and what price? The filing indicated the transaction was to have taken place on or about Nov 7. Are we looking at the potential of a new controlling entity taking over IMTL via a merger/buyout? Hence, a possible reason the share price has been mired up at these levels so a certain group can get cheap shares. It makes no sense to me that the COO sold his shares unless something significant is brewing IMO.
http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12381883-1298-15625&type=sect&TabIndex=2&companyid=74771&ppu=%252fdefault.aspx%253fsym%253dIMTL
That article looks like it was put together and released by some adverse group trying to get shares on the cheap. The article will hopefully be debunked soon as projections for even this year are about $7 mil in revenues so I hopefully will see a few $million revenue on the upcoming Q report. I meant close to $30 mil projected as revenues for 2018 as indicated in IBOX above and I think on the crowdfunding information.
That report was way off the mark in comparison to IMTL's revenue projection of almost $40 mil in 2018. Maybe the author of the article meant $1bil revs by 2020 rather than $1mil. Thinking it is a typo.