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If he really moves that company in here, then wow.
A simple google search brings up promising results,
https://www.google.com/search?q=Fairwood+Peninsula+Energy&oq=Fairwood+Peninsula+Energy&aqs=chrome..69i57j0.871j0j7&sourceid=chrome&ie=UTF-8
The question is who is coming in, in the 8k they name Delfin Midstream LLC, and it's president.
Yeah, hard to believe but, hmm they named him and his company.
They bought 312 mil shares for 25k from what I see here,
Wrong here, they don't own any of the company, they created a fund to invest in the platform, big difference.
This post makes it seem like you don't know what steem is.
What are you talking about?? Coinstream? I know they have coinstream too but I was talking about the large fund (20 out of their 42 million) that they created to invest in the steem platform.
They're restricted but they're still part of the O/S. We need to know for sure what is going to happen with them. With the current 12 billion o/s the market cap is 60 million at .005. There are serious bitcoin stocks with BOD's full of experts and industry leaders that trade for that much. (At least I know of one and they just raised 42 million, their market cap is 68 million fully diluted).
They might get cancelled but I've been looking into it and supposedly that would require the permission of the owners of the shares. Maybe they gave it to the new CEO, or maybe he is just going to do a huge R/S.
That's the big remaining question for me.
At first I thought steem might be part of the reason this hasn't taken off yet. I don't want to see them put all their eggs in that one basket. I feel like the idea for steem is great but it could easily be replaced by some other social media crypto idea. I am no expert.
But it's probably just lack of exposure. They just raised 42 million and they trade at a 68 mil market cap fully diluted I believe? (38 mil o/s). I mean, considering their BOD and crypto/blockchain stocks lately that seems kind of low? 1.5 times cash?
The company itself hasn't really even tried to raise exposure yet, you can't even find important PR's on their website. They trade on the pinks and they have 42 mil in cash. Maybe they are trying to lay low because they want to beat everyone and be first in the market with new steem apps.
Or they are waiting for the new year?
He did give himself supervoting preferred shares, the merger plan filing was more detailed than I'm used to seeing. It mentions bitfrontier as being the surviving entity with an A/S of 500 million, while also discussing the A/S of PURO being lowered from 49 billion to 17 billion. I'll be waiting to see how it plays out, thanks again.
Here is the filing in case anyone feels like having a look,
https://www.otcmarkets.com/financialReportViewer?symbol=PURO&id=184709
At the bottom it shows both the Purio capitalization and the Bitfrontier capitalization.
Thanks, would the new CEO need their approval for a r/s? Hard to believe the new CEO would want a shell with 12 out of 12.4 billion shares in the hands of the previous owners, unless of course it's a scam.
Thanks for your help.
Quick question about restricted securities if anyone has time.
Puro recently was reinstated as a new bitcoin company,
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=092220102197043084188042092211078181116022252140
http://bitfrontiercapitalinvestments.com/
and have been catching up on their filings, here is an agreement and plan of merger filing from yesterday,
https://www.otcmarkets.com/financialReportViewer?symbol=PURO&id=184709
My question is, the old company had 12.4 billion o/s, but 12 billion shares were restricted and never registered,
The previous management from 7 years ago own these shares,
I believe this is their new website,
http://www.data443.com/
From the name here,
https://www.sosnc.gov/online_services/search/Business_Registration_Results
No one pumping this on big boards as bitcoin, I don't think a lot of people know yet.
Why does it look like nite is shorting? Has anyone ever seen nite short?
Getting it's ass kicked since yesterday.
Care to share what you are looking for from the NIH study on phase 2a? What is the purpose/significance of that study?
Also, previously you've said they need 23 mil to finish phase 2 and they just raised 15, is there anything coming to boost the pps for that potential offering before phase 2 is finished? tia.
Do you think the patent for methods of production is significant enough to give it this kind of volume surge?
Makes me wonder if that patent news is really worth this huge outburst in volume after the compound patent was already awarded. If you didn't mention the company also being taken by surprise I would think maybe a partnership was in the works and someone found out.
Thanks I just noticed the patent was for use of certain methods of production and had to google wildly to try and figure out how strong that was. Not used to investing in biotechs.
Even if they raised enough for phase 2 at 2$ that would only double the o/s. Do you think the raise was already partially completed before the patent news?
I've seen comparisons where phase two depression drugs are worth 500 million. You'd think this little stock could get a 30 mil market cap here. I guess some might be hesitant with the shelf offering they filed in Oct, kind of a unique situation here with the price being driven down so far before this.
Thanks for your reply.
They need some cash though right? What do you think their options are? I know you don't have a crystal ball.
The new CEO has an imdb page, (I think it's him based on the description in the fins)
http://www.imdb.com/name/nm3598217/
They own 22% of a company with a 160 mil market cap, that would give us a market cap of around 35 mil, which is where we are trading now. Where are you getting the 40x extra valuation from?
They own 22% of that stock and as of now BRAC doesn't actually own or do anything. They are looking to acquire/merge with business entities with the money they raised. They haven't actually done anything yet so the value of those shares is up in the air.
But they raised a lot of money so that's good. Throwing around 1 dollar valuations here makes no sense though, anfc isn't worth a 500 mil market cap in any way shape or form. The company they own 22% of has a 160 mil market cap. 22% of that would give us a 35 mil market cap, which is exactly where we are trading.
Thanks, what did you guys think about the Q3 sales and gross profit margins? Sales up only 5% and gross profits margins down 14%. The 9 month sales trend is stronger (15%), but not as good as last year and income -35k down from +217k.
I know every company has growing pains and I see how undervalued it is relatively, just interested to hear any opinions about this year. I think if the sp still doesn't rise to where it should be in comparison to other companies after the uplist it's because of uncertainty/confusion about the business model and uncertainty in the industry in general.
Does anyone have any thoughts about how the company would be affected by any changes to medicare? What about if companies like Amazon get involved in prescription drugs?
Thanks for any responses.
Why don't they say how much of Coinsquare or Verady they own?
I don't know, pinksheet's Q's aren't required to be audited and don't even require an attorney signature. The guidelines are a short 8 pages long, and say things like this,
It looks like 10 days ago a well known penny stock guy created a website domain for indigenousrootscorp.com. The whois lookup for the domain page mentions British Columbia multiple times.
A few days after that a PR was released saying APGA was acquiring 100% of the interest in Indigenous Roots Corp, a medical marijuana company based in British Columbia. For me, that is too much of a coincidence without any more confirmation.
Here is some info on Michael Matvieshen, mentioning nearly 100 court cases against him, (I haven't verified that).
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75524902
It's worth mentioning the house listed on the whois lookup is for sale.
Everyone do you own DD and make your own decisions, I just wanted to make people aware. Maybe email the contact listed on the original news for confirmation of what company is moving in here.
https://www.newsfilecorp.com/release/30799/American-Paramount-Gold-Corp.-Executes-a-Letter-of-Intent-to-Acquire-100-of-Indigenous-Roots-Corp.#.WiBf7kqnEuU
I just wanted to point out that the domain for IndigenousRootsCorp.com was created 10 days ago (11/20/17) by Michael Matvieshen. Also the house listed on the domain is located in British Columbia, according to the infomration here,
https://www.reddit.com/r/weedstocks/comments/7g6eyh/anyone_know_anything_about_this_american/
Good luck to all.
I hope that's the case, but check the links, the PR said Indigenous Roots CORP not INC. And when checking the whois search for Indigenous Roots CORP you find a well known penny stock guy.
Unfortunately everyone may need to be careful here. It looks like INDIGENOUSROOTSCORP.COM is registered to Michael Matvieshen, formerly of SunLogics or SLMU which was revoked two years ago. More info here,
https://www.reddit.com/r/weedstocks/comments/7g6eyh/anyone_know_anything_about_this_american/
and here,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75524902
Not saying anything definitive but to proceed with caution.
Even with half of the profits going to MJN and a 30 milish O/S to start?
I like what I see, just not sure about the near term.
The possibilities of cheap land to expand are interesting here, is there also a tax benefit to growing on indigenous land?
Thanks for sharing this by the way, do you have the youtube link for the video?
I would add to this that the first q with the Walmart numbers didn't blow anyone out of the water with the increase in GGB sales q over q being what it was, even though it was 50% yoy.
If you look at the short interest, it went drastically up after the 10k this year, from 2.2 mil to 7.5. I think it's possible investors also were just looking at the top line, 77 mil vs 72 in the previous year, a 5 mil increase after a 15 mil increase in the year prior. Regardless of the reasons behind the numbers they saw less growth potential and thought it was overpriced after the large pps increase for the year.
The price came down and the SI stayed above 5 million resulting in no new buying interest and a lot less volume. Possibly an opportunity for manipulation and driving the price down further.
The simplest explanation might be the best one, what do you think?
We get the new SI report after hours today as well, it will be interesting to see.
Looks like it might not just be on our end,
https://www.thestreet.com/story/14223273/1/walmart-may-have-a-growing-out-of-stock-problem-giving-us-terrifying-flashbacks-to-2013.html
Who knows, looking forward to the Q.