Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I think I'm going to tap out. I've enjoyed reading this board daily for several months and I know we all want the company to be successful. However, there is nothing going on! Hopefully there are things going on in the background but it is going very slowly and I've got other things to do. Peace and GLTA
Does this mean $NNRX is current and the Yield Sign should go away?!? If only for a little while...
Looks like progress...but at a snail's pace. A lot of redundancy. I read from the bottom up (didn't get to the numbers until the end, wanted to read the commentary).A couple of my key takeaways: they have cash! A lot of the other numbers are minimally changed but the cash was a pleasant surprise (over $100k at the end of the period!). A lot of new shares issued (I think 6 or 700,000?). I want to cross reference the issue dates with spiked volume dates (I think will likely match up). One line I noted and liked:The interim results for the three months ended October 31, 2019 are not necessarily indicative of the results to be expected for the year ended July 31, 2020 or for any future interim periods. We'll see!
What's your out price? Think it'll get back to a penny or two some day? How long are you playing? I'm just curious, I've been in for years, and would be nice to be in the green some day.
A couple new posters here, which is nice to see and also like the optimism. However, there's REALLY nothing going on: No volume today, no 'accumulating', no activity, nothing. The only good thing going on here is that we're not losing value today. Such a low bar to maintain I guess.
Message received from NutranomicsOfficial FB "Development takes time. Labeling was just completed. Hoping by end of Q1 we will have a full site for both CBD and traditional supplements."
So I asked them to share pictures please...we'll see what happens
I'm kinda getting antsy...so I sent FB messages to NutranomicsOfficial and also Nevada Hemp Association. I asked NNRX to elaborate on the e-commerce platform and the IR website that were mentioned in the last PR as to when they will be available and functional (PR says Q1). I asked the Nevada Hemp Association to tell me more about the award that NNRX received in December (also emailed the address on the 'auto-reply'). I'll share any info I receive, and I would hope to hear something soon!
Honestly, there are so many questions unanswered, but one at a time maybe I (and others) can chip away and get some answers.
I for one respect that you are a top 10 trader and I'm glad you've 'joined' us with NNRX. The 3's seem to be holding strong today and hopefully we'll see some movement soon. But we won't see any movement until we get some concrete evidence of activities namely financial statements and not superficial/meaningless PR's (although it would be nice to see a PR or IR email or annual shareholder meeting date or e-commerce website/platform as promised...)
Hardly any volume today, looks like volume has been tapering off toward the end of the week lately as well. Also I'm curious as to who all has the 55 million shares on the ask at .0003-are they all flippers from 2 to 3? Most of us optimists seem to be holding out for better days. I wonder if we didn't have such a high hurdle if we could get some, dare I suggest, 4's sometime? Alas, just wondering aloud I guess. The board is quiet today and wanted to rouse some conversation. Any thoughts?
I 'liked' the Utah Cann FB page last year to keep up with NNRX's involvement as a sponsor (which pretty much fizzled). I see Utah Cann has a networking event in less than two weeks. I wonder if NNRX will have any future involvement with Utah Cann or was last year pretty much a publicity stunt/attempt.
Watch? Sure. Maybe throw a hundo or a couple hundred at it, nothing more than what you would take to a casino, and then periodically check in on it. It's not doing anything currently but has the potential (as does any penny stock) to shoot upward. I know some of us keep up with this board on a daily basis and some days it's active/worthwhile, but most of the time it's 'meh' and watched out of habit. Good luck to you!
I think 0.0003 is wishful thinking (I'm hopeful for that or more as well), but realistically I think it'll be 0.0002; we've been 'stuck' at 2 for a while now and I don't think we have anything pushing us up (shortened trading day, many people off today, nothing 'new', etc).
For grins and giggles from back in 2013: Target price of $4.85!
https://www.goodetrades.com/wp-content/uploads/2013/09/NNRX-2013-11-20.pdf
I'm thinking all the 'whales' or potential market makers capable of moving the pps up are on Christmas break. So we that are already invested and involved pretty much on a daily basis will have to remain patient through the holidays and the first week of January. Don't get me wrong I'm hopeful for a bump up on this great news (going pink, getting current, the recent award, partnership with CA Finest, etc), it is all lining up as a legitimate company with terrific prospects for the new year and beyond!
@ccox44 Can you explain where you are seeing 600 million share buyback please?
On my initial review (not detailed/just paging through), I'm happy there are revenues (hopefully more to come!), and gross profit. Operating expenses have gone up, most notably in the professional fees category. I didn't really see any explanation of the professional expenses. I wonder if these will continue to be high and increase, or if they will taper off as the company has gone through significant changes in the past year (and won't be needed as much in 2020 and beyond).
A lot of the notes look to be recycled/regurgitated from previous quarterly/annual reports (maybe the notes are required, I don't know. I was surprised that the inventory level was $0 (so what do we really have to generate revenue on?!?). Overall, the financials don't look great (and haven't for a long time, if ever). Hopefully NNRX can continue to weather this storm and turn things around, little by little. As I've stated in the past, we need revenues and income to steer this company in the right direction. I say good luck to Mr Bishop!
Finally, some numbers:
Taken from page 29 of the recently released annual report:
On September 19, 2019, the Company entered into an agreement to purchase 100,000 pounds of industrial hemp with a CBD content of 14% or greater and THC content of less than .03% with a commercial hemp farm in California.
On September 20, 2019, the Company entered into a financing and profit-sharing arrangement with a third party to provide the working capital need to purchase the hemp. The arrangement provided $550,000 for a 25% deposit on the hemp purchase and financing for transportation and initial processing into CBD. Repayment of the initial funding and profit sharing is expected once the final processing into CBD is complete and the end product is paid for by the ultimate purchaser.
Between October 1 and November 25, the Company, arranged for transportation and delivered 310,000 of hemp certified to be 14% or greater in CBD content with THC content below .03% to a processor and distribution partner. Separate agreements between the company and: logistics company, the processor/distributor and the farmer are being finalized.
I also intend to read and digest the annual report later when I have some free time. But fact of the matter is, this is good news that the report is out, and hopefully additional quarterly reports will be forthcoming and we can have the stop sign removed. Hopefully with this report released we will see a positive impact on the pps-I was a little disappointed we couldn't keep yesterday's pps increase based on the news released. Alas, the future is bright, GLTA!
This is certainly wonderful and welcome news. NNRX is currently up to 18 on the BOB, which is nice to get some positive exposure.
However, I am cautious (but still optimistic), about about the company's communications and particularly the needed release of financials. We have all been left in the dark for most of the past year (where the stock tanked from nearly 2 cents to 0.0001). I've been a shareholder since $0.90 back in 2013, and I'm at a loss (pun intended) as to how and when this company will make any tangible progress.
The bottom line is we need results if we want to see the pps make any kind of meaningful advancement, until then we are stuck in the low trips!
$NNRX is poised for a breakout. News out yesterday and much more anticipated. Early this year ran up to almost $0.02, and potential to do more!
Well I hope they get some current financials soon, because they just put the Stop Sign up at https://www.otcmarkets.com/stock/NNRX/overview ....
Just noticed an amended Quarterly report for 4/30/19 posted on the OTC Markets website, not sure if this has been brought up or seen today or not. Likewise, I did glance over it but I didn't see anything significantly different. If anyone else has time to more thoroughly compare the original with the amended and let us know any significant changes, that would be awesome. Today's activity was a step in the right direction!
https://backend.otcmarkets.com/otcapi/company/financial-report/233301/content
I think details have been 'being finalized' since March or so. Can't wait to see how intricate those details are!
Sam, please forgive my ignorance as I don't do anything with LinkedIn. Would one be able to comment or otherwise publicly call out the people on LinkedIn that are associated with NNRX? If so, that may be an avenue to pursue. I'm sure nobody would want the words 'scam' or 'fraud' associated with their name on a professional website like LinkedIn (although Bishop seems to have no problem with it here!). Or another possibility is that these are 'virtual' profiles akin to the 'virtual offices' that NNRX has. Just my two cents...
On Tuesday 9/17/19, I replied to the last IR email we received on 5/24/19: "Any updates? It's been nearly four months since this last newsletter, and the calendar end of summer is coming up soon. Thank you in advance for any information or insight."
I got a reply from IR yesterday (9/19/19) "We are close to making announcements. This is a very busy time of year, building for 2020. Much to say, can't wait to say it."
Probably doesn't answer your question but this is what I received. Encouraging that I actually got a response, but unimpressed by the content of the response nonetheless.
Looks like end of (calendar) summer is this week...I wonder if we'll get any updates, PR's, annual meeting, or literally anything at all?!? Would be nice to hear from Bishop and the company soon!
#3 on BOB; hoping for a gap open and strong uptrend this week. We have been miserable, whiny, and critical in the mid trips, hopefully that is long gone!
Regarding the 'audit is being finalized' comment, this delay is quite concerning. A number of scenarios are possible (I'm speculating of course): auditors generally want to get the audit done as quickly and efficiently as possible, so either the auditors are not getting the information they need to perform the audit, or there is disagreement between management and the auditors regarding the audit report (such as a going concern determination/viability of the company going forward), or this statement is an outright lie. Any of the three are possible, and it's hard to fathom a 'positive' scenario around this...
It's funny that when you go to this site, click on Investor Relations, then click on Latest Financial Statements, it takes you to the OTC Markets site with the giant red stop sign and No Inside bid...(nevermind the most recent statements are for 12/31/17)!
One more final chance?! Back in February the annual meeting was end of April, and we all waited, then it got pushed out and now end of summer, will it get pushed out again? All I'm saying is that I'm skeptical. I'm still long, more so because I don't want to take any losses (as opposed to having any optimism/faith). It would be nice to see some numbers, financial statements, that big red stop sign taken down, etc. While I do appreciate Mr Bishop's prior statement "patience will be rewarded", it is now time to "put up or shut up", no more empty lies/promises!
***MY OPINION*** READS LIKE THE PREVIOUS NEWSLETTERS THAT HAVE LITTLE TO NO CREDIBILITY ON THIS BOARD
Here is the PR Release I copied from e-Trade
NutraNomics, Inc. (NNRX) Announces Establishment of UK and Domestic Subsidiaries for Expansion and Farming Opportunities Along with a New Huntington Beach, California Headquarters
11:28 AM ET 6/19/19 | GlobeNewswire
NutraNomics, Inc. (NNRX) Announces Establishment of UK and Domestic Subsidiaries for Expansion and Farming Opportunities Along with a New Huntington Beach, California Headquarters
Portland, OR, June 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- NutraNomics, Inc. (NNRX) announces establishment of UK and Domestic Subsidiaries for expansion and farming opportunities along with a new Huntington Beach, California Headquarters.
NutraNomics is please to announce the formation of our International Division and our first farming subsidiary in the United States.
NutraNomics UK LLC Limited is the newly formed, wholly owned, international presence for NNRX designed to encourage international partnerships and agricultural funding opportunities. Established in the United Kingdom, the entity will hold and transact our international opportunities by providing a more attractive home for international investment interests. We have secured significant investment opportunities that can fund large scale operations meeting specific criteria. NNRX is in the process of packaging farming opportunities to present, should we opt to exercise this source of funding. We are also reviewing and vetting several other opportunities for hemp cultivation internationally that fit the standards set by this funder. NutraNomics UK LLC Limited will be the entity for all Caribbean, South American, African and European farming operations currently under analysis. The phased approach to our 'Eco-Campus' entails tranches of expansion, starting with farming and expanding to extraction and greenhouses. This will provide NNRX with the opportunity to grow into the international markets as each country defines how they will handle sale and export of biomass, fiber and extracts associated with growing hemp.
"It is clear the market demand for hemp, both Medical and Industrial, will be no closer to being filled in 2019 and 2020. This shortage provides a unique opportunity for NutraNomics to respond to market demand while building out our farming and extraction," says Jonathan Bishop, CEO of NutraNomics. "The potential legality and distribution issues that surround CBD extracts in the US, or at the very least the cloudy nature of FDA approval as compared to the international community, gives us the confidence that the diversification of our farming operations is not only right, it is necessary for the immediate and long term growth of the company."
BioMedical Holdings, LLC is the first of our farming subsidiaries and will hold our initial farming opportunities. We should be in a position to announce specifics with regards to 2019 farming by mid-July. Our first domestic farming locations are anticipated to be primarily in the western United States. This acreage should be perfected shortly and will be announced when fully signed and funded.
NutraNomics continues to be one of the few, if not the only company approaching the hemp harvest with a dual approach to profit potential. The separation of cola (flowers) from stalk and stem at harvest provides 'chunky biomass' for extraction with higher CBD content than if processed with the whole plant, while rendering stalk and stem for use in the industrial market, something unique to the industry thus far. Other operations have separated the stalk from the cola and provide chunky biomass for extraction, but none are further processing the stalk and stem for sale to the commodities markets that need hemp. Our Wholesale Materials Division will be managing the sale of all products created in association with hemp cultivation efforts.
Expansion of our corporate footprint has begun with the establishment of new California Corporate Headquarters in Huntington Beach, CA. Future offices are planned for Orange County, new office location in Portland, OR, and our Wholesale Materials Sales Division in Worster, MA.
NutraNomics will announce our 2019 Shareholder Meeting once dates at the end of summer are identified.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Jonathan Bishop
CEO
NutraNomics Inc.
www.NutraNomics.com
ir@nutranomics.com
> Dow Jones Newswires
June 19, 2019 11:28 ET (15:28 GMT)
This is where I first noticed the NNRX tweet on the back cover (from Utahcann Facebook page)
https://scontent-msp1-1.xx.fbcdn.net/v/t1.0-9/60403800_1087216971488748_20403370988666880_n.jpg?_nc_cat=102&_nc_ht=scontent-msp1-1.xx&oh=cc35e2ab1dcd3184e7822ed21c65ad13&oe=5D703AB3
From this weekend's Utahcann magazine page 32 (back cover)
https://issuu.com/cityweeklynewspaper/docs/ut_cann_1904
On Utahcann Facebook page is a video of 'The Importance of Efficacy and Nano Technology in Dosing with Dr. Tracy Holdford, Chief Scientist at Tempus Bio Technologies' in which Nutranomics is mentioned at least three times as a partner (it's a long video, haven't finished watching it yet but wanted to share here)
Wow! Nutranomics is listed on the Utahcann website as a sponsor! Not the first sponsor listed but also not the last (third out of four). I wonder when that was updated...
GLTA
Long-time investor, first time poster. I originally bought NNRX back in 2013 at $0.90/share (not very many shares) but recently ramped up my holdings with the extremely low pps (in fact, I recently joined the “million-share club” and significantly averaged down my cost!). Today marks one month since the last IR Newsletter, and I have confidence/optimism in NNRX primarily due to Bishop’s last line (from March 5 newsletter addressing the Waldron fiasco): Patience with be rewarded. On that note, I too share the same concerns/questions as other investors: the postponement of the shareholder meeting (and no public notification), lack of communication/newsletters, Utah Cann, failed previous merger/Waldron fiasco, etc. While I am hopeful everything will work out and patience will be rewarded, as each day passes with nothing changing, my confidence is slowly evaporating. Nonetheless, long and strong and good luck to all!