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Ok, so lets get real here, this is a micro business. With sales under 3million that doesn't even qualify for a part time consultant. Would make better sense to hire an outside firm, which "Jack" probably is. They are probably SWAM certified or should be. Lol if you check the CEO, CFO, Accounting, ect are all the same person Mr. Fairbrother. For perspective you local convenience store probably has more revenue.
Some call that networking, and if he's "peddling" to the cannabis industry, sounds good to me.
Such a shame, if they had filed on time and with good PR this would have never dropped below a dollar. If/when they do file, bump will be much smaller than what it could have been.
Yes, very disappointing. Would like to just sell it all but i would be at a significant loss. If it drops to the .50s again I'll be forced to sell to mitigate any further loss.
We'll see if their full of empty promises after today
Hope so, would love to see this bust loose.
Correct, you just said it better than I
Hope your right, next week will tell. Assuming they file....
They added 2.5million in value to the balance sheet. Which looks great if your assets equal more than liabilities. Some measure assets it as the true value of a company. If the auditors don't agree with what they valued intangibles it will diminish overall company value.
Agree, I don't feel that the 10K is going to look good if they overvalued assets, which is more likely than undervalued. The 10Q though is supposed to be "great", so if they were a cpl days apart I think it would benefit stock price and volume.
Your splitting hairs, having to continuously file a notice of inability to file timely is LATE. Don't get me wrong, I own a nice chunk of this stock and would love for it to do well. I believe this message board to be used to help all of us make educated decisions. I try not to cheerlead this or be the doom and gloom guy "sharke", it just is what it is.
After a little research I think we can expect this to be the norm for this company. Late filings for 10K since 2015, I didn't go any further. Numerous late filings for 10Q also. They're showing a growing history of bad management practices. If it bounces, take your money and run, this is def not a long hold stock. Could probably flip this a cpl times a year, but no long term value.
Thats hopeful thinking, the last pr stated that it was expecting to file on time.
We haven't seen any facts yet, PR is just them touting their opinion. Financials will provide the facts we all need to know, and not just an increase in sales. We need to start seeing a profit. They've been giving away stock like candy to pay the bills which shows lack of cash flow.
That valuation they added was around $2 million. if they lose that due to the appraisal it will equate to a huge loss. I'm not sure how that will be shown on the balance sheet because they used shares to buy assets.
While I like your optimism, I think we'll be lucky to see this hit a dollar
Angels & Demons
If this hits "if" we're all playin it short. I am concerned that they had to get an outside appraiser for 88% of their balance sheet. We could all be in for a big surprise. If they overvalued their assets a big loss for everyone.
I believe she meant .50
LOL, and it gets better & better "sarcasm"
"does it matter" well obviously it does or we wouldn't be having this discussion. I'm sure your definition of very wealthy and mine are quite different. I'm one of those that never went to college but, I hire professional educated people who are experts in their field. Lawyers, accountants, engineers, business managers, ect. So does it matter, absolutely, they may be able "wing it" for the short term but not for long term success. For me, I hope this was just a lesson learned and not the beginning of a history. It's easy to waste other peoples money.
You have a source for that info or you just being hopeful
I would hope they file soon and and keep at least a week between last year and 1st quarter. Last year is supposed to be ok, 1st qtr is a wow, so we don't need last year taking away the thunder of qtr one. I'm willing to give them till 5/15 to get back up to date on filings, if not i'm out.
You make a great spokesman
I have had to have audits before, very time consuming. They independently verified all transactions, payroll, suppliers, subcontractors, ect. BUT, this is not there first rodeo and should have known the involvement.
As much as I want you to be wrong your right. Confidence in mgmt is all but gone, will be some time to earn that back.
I thought he was banned
Only if it recovers
Wow, what a rollercoaster today
Any chance they are timing it with upgrading exchanges
I think your the one to misread my post.
LOL, thats why companies are sued all the time. You can't misinform, mislead, defraud, ect ect... Tesla got sued and fined by SEC cause Elon Musk ran his mouth, IGC got sued for claiming to be in the cannibas market and wasn't. I can go on all day.
They were due by the 16th, correct???
So I thought financials were to be delayed "a few days" been a week now.
I don't believe anything sinister going on, or an attempt at deception for their own gain as a lawsuit would quickly follow and kicked off the exchange. My opinion, something big is coming.
was on buy side, disappeared though. 4.9k @buy for .77
They must have cancelled order or did it to drag down price
Guess i was wrong also 20k shares @.77
LVL 2 is weak, don't think we'll see much of anything today
level 2 from TD Ameritrade
28k bid, 3k ask