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There's 120M warrants at $.54 average
25M options at $.08
9M options at $.35
- as of sept. 30
The proxy authorizes 1 or more split between 10:1 and 200:1, not to exceed a cumulative 200:1. To be executed between sometime before the next annual shareholder meeting next fall. Also, to authorize a name change to Halo Collective.
The docs are here:
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00009013
Even if Halo did nothing after the sector crash and the vape crisis, this stock would still be under $.10 most likely. The only difference is you would have no hope of recovering your loss. At least now you do. The assets are in place to get there.
You can still sell though. It's not hard. Plenty of volume.
I'd definitely prefer it they don't do it. But it's a tradeoff. I think when all the acquisitions are up and running at potential, let's say in 2 years (and I'll just put Bophelo at 10ha capacity by then), then Halo could be looking at 300-400M/yr revs. That should likely give them better than a 1B market cap at that point. With the current O/S, they're still under $1.00.
So, you have all this tremendous growth, but you'll find it extremely hard to attract investors because you're still a penny stock. That's a terrible situation to be in. Many big investors/firms have a hard rule against buying penny stocks. They can't do if they wanted to. So, I completely understand the need to split and can accept the truth of it. It's necessary for the health of the company. If it happens before the stock goes on a run next year, it won't hurt stockholders at all.
The uplisting comments by Kiran are just to avoid as much backlash about it, because they won't qualify listing for at least 2 or 3 years from now. That's why he's authorizing 2 splits. The first one has to happen now.
And those revenue numbers aren't just guesses. Kiran said in his last interview he sees Halo doing $30-35M/month in the near future.
I know the past year has been rough. But you could have bought Halo at $.60, like me. Aurora at $144 post split money, Medmen at $6, Marimed at $5. Canopy at $60. I did all that. Halo is hardly alone in the disappointment category. If you bought any pot stock in late 2018, early 2019, you lost your ass.
Now, if you're going to keep putting money in pot stocks, which one of those looks like they can go a major run in 2021? I'd take Halo over all of those. I'm all in. Whatever profits I can manage on my other tickers will go into Halo. I'm quite confident they will get noticed bigtime next year.
Of course, I just told you how bad I am picking stocks, so what do I know? lol. I will tell you I live and breath Halo Labs every day, all day. I've never followed a company as close as this, and what I see coming looks glorious.
$1.50 would be awesome if that happens in the next month or two. But we'll need to see the financials first. Or at least a very convincing PR with some new nuggets of info.
I think they'll need 12 months of consecutive reporting history that meet financial requirements before they can apply to uplist. Not to mention the $4.00 minimum SP. So that will take a little longer. And I agree, splitting now shouldn't have much negative impact going forward. Once Obocon reports and continues to acquire companies, the accumulation will begin. The DFO link is very intriguing. That's what has me most excited.
The most likely scenario is exactly what the CEO said it was. What you are presenting as fact earlier is irresponsible, at best. Should have given an IMO on that.
Symbol change up on Finra. OBCN effective tomorrow.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Kiran said on Rich TV today they will likely do 2 splits. First one to reduce volatility now. Second one in the event uplisting is available. He mentioned that NASDAQ is talking with lawyers considering opening up US cannabis companies to listing, prior to any legislation. That would be huge.
So, I would expect a smaller split in the 20:1 range next month. Then another one to get them NASDAQ compliant only if uplisting is possible, prior to November 1.
Pretty decent uptick in volume last couple trading days. Hope that means something good for christmas. :)
Here's what I want to see happen:
1. Corporate name change...This is done already. Obocon, Inc. is our company.
2. Symbol change
3. 8k outlining transaction details of the acquisition(s).
4. 8k announcing naming of board directors and officers.
5. PR about what Obocon and any subsidiaries is doing, wants to do, and expectations for the next fiscal year. Including revenue projections and acquisition targets, if any.
6. 10Q or 10K with actual Obocon financials.
7. $4.00-5.00 stock price so we all make bank. ;)
All this take time, money, and organization. I'm hopeful it all happens in 2021. We'll see.
I've said before I'll give them until the end of the year before calling this a bust. The fact their auditor just resigned is not reassuring that will happen. I'm not waiting forever...
I think he'll try to get closer to $5 or $6 just to give a little wiggle room. I also think this is not about NASDAQ at all. At least not yet. From what I've researched, they won't qualify with their financials until 2022 (assuming the expected growth next year), regardless of the MJ laws. This is about making Halo look more attractive to new investors and institutional money next summer and fall after they post some very impressive quarterly gains. And/or it's about staying compliant with the $.10 minimum SP on the OTCQX. The split will solve 3 birds with one stone.
Ameritrade charges $38 fee for a split. I just had one a few weeks ago. It put me in a margin call since I don't keep cash in that acct.
But the rest, we'll see. I highly doubt they'll do 200:1. Maybe 150 tops? I believe Halo's growth potential in the next 2 years far outway the others you mentioned. Exponential growth. Would that negate the effects of the split? Possibly. As long as they don't dilute too much more after the cash starts rolling in. All this dilution the past year has a purpose. $10-13M month revs was projected by Kiran recently. And that's before Bophelo really gets rolling.
Here's how I understand the evolution of BarX. Autoflower strains will be planted from seeds in March and harvested in June. Those aren't photoperiodic so will begin to flower almost immediately in summer. They also are not grown from cuttings. Seed only. They take approx 60 days to ripen after flowering.
In July, they plant the clones/cuttings from the boutique strains, and harvest in November. Those are the award winning genetics from Green Matter, OGDNA and Terphogz, plus whatever strains they developed at Evans Creek. I think mostly it'll be Green Matter strains though at first, as they've been growing in that area in Cali a lot longer. They've got some good ones.
All indications are that they plan on planting the full 60 acres available to them this spring. And then build the 20 acres of greenhouses in 2023. Maybe it'll be a bit less this first year, who knows. But if you look at how Green Matter plants their other 20 acre grow at Humboldt Standard, you can see it wouldn't be that hard to get the plots ready to plant by March.
Check out the instagram for their Humboldt Standard farm. Good stuff.
https://www.instagram.com/humboldt_standard/
I think this is a picture of Barx? If not, then it's how BarX will look. lol
https://www.instagram.com/p/CIY6rVrDM9C/?utm_source=ig_web_copy_link
I feel the same about the split. Though I think it'll be a little ratio higher since they just passed 1B shares outstanding. Maybe 150:1
But I'd just mention there will be 2 crops per year at BarX, up to 60 acres. Kiran talked about this on the RichTV interview. The first will be autoflower strains that get around $500/lb. That will be grown from March to June. The next crop is the boutique strains from Green Matter (they have their own award winning strains), and likely OGDNA and Terphogz strains, that get anywhere from $750 to $1700/lb. All in all, BarX should be 200-250M per year revs. Split between Green Matter and Halo.
Patience. Once the US opens up interstate transport, Halo is going to thrive. No MSO can compete with outdoor crops in the triangle. 95% of the US has never experienced premium Emerald Triangle bud. And Halo has some of the best. Can you imagine what that will sell for in New York or Detroit?
The turnaround for this company is going to be something to behold next year. Certainly descheduling would accelerate the expectations, but even without, it's going to be exciting.
https://www.forbes.com/sites/ajherrington/2020/12/07/can-cannabis-interstate-commerce-be-a-shortcut-to-federal-legalization/?sh=28d15fc22085
The split is only a parlor trick. It doesn't make the coming revenues from BarX, Bophelo, Winberry, or whatever farm they buy next any less valuable.
No. Pretty sure you're just making assumptions.
The extraneous goings on don't necessarily reflect on GRNF operations. You can say he's done this or that, or been sued for whatever. I agree it's not a good look. But will it prevent any one of these LOIs from closing? Of course not. He owns them. The question then becomes what are they worth? I think they'll be valuable. I hope we get to find out.
If just one or two of the LOIs close, $1.00 is not a problem. They're still a pretty low float ticker. The question is if that happens. I think, yes. The plan has seemed to get derailed in the past year for various reasons, but I don't see JC throwing in the towel just yet.
18 months or so. But who's counting?
Of course the quarterly does not report the financials of companies that GRNF doesn't own yet. I never understood why people throw that out as some sort of gotcha. We are obviously waiting on the ownership transfer.
He didn't fabricate the businesses of GRN, Inc. Those actually do exist and do perform business functions. Why it's taking so long to take them public is a mystery to me, but it has nothing to do with what you suggest.
I bought this and the others last year as a gamble. It hasn't worked out yet, but I'm not too hard headed to keep pouring money in. I'm done with pinks for sure. I learned. lol
Oh wow, I thought I was replying on another ticker. Shows you what crap I'm invested in lol. The exact same comment applies to this ticker or the other one I'm down 80% in lol.
Everyone's waiting for the new company to announce acquisitions. Or that they've given up. Not sure which will prevail. We won't see any serious activity until either of those scenarios are resolved. You can't really be mad at anything until the picture becomes clear. So, hold it in you back pocket if you can.
From the Sedar doc:
I don't think that's the right Vivos. Radiogel is Vivos INC., we're looking for Vivos Corp. (I think?) None of the contacts or people involved look familiar.
I don't know if this is accurate, but Vivos Corp appears to be an IT/Staffing company. I see a Doki and Suresh listed here, though it's not Naveen Doki.
https://pitchbook.com/profiles/company/99079-84#overview
http://www.vivoscorp.com/
And, their parent company is Kellton Tech Solutions, in India, which looks to be rather large.
https://pitchbook.com/profiles/company/62906-32
https://www.kelltontech.com/
BUT, this says that Doki is CFO at Vivos Holdings, Inc.
https://www.marketwatch.com/investing/stock/clsid/company-profile?pid=184556761
Kiran buys his shares through Halo.NE. They use SEDI. He's bought a few million warrants from the merger deal, and a little since then. But he's not sold a single share since going public.
https://ceo.ca/api/sedi?symbol=halo
Kyle?
They're already on the OTCQX. Isn't that the top tier?
As far as the fees, that's a drop in the bucket when you're pulling in 150-200M/yr. Which is quite possible in 12-18 months. But yes, they won't qualify for at least 2 years until they get some solid financials behind them. Split or not. But I certainly wouldn't say never.
Looks like transfer agent hasn't updated current shareholder info to new ticker after split. Everyone should get current today sometime or tomorrow. I hope. Never seen it take this long. This TA blows.
This could be an opportunity tomorrow as some platforms are slow to switch over. If anyone remembers when Futuris changed symbols and split, it jumped from .30 to over 1.50 that morning.
I imagine it'll change soon. One thing at a time I guess.
Oh, I see a 1:10 reverse split as well. Yay?
Name change up on FINRA. Obocon, Inc. New symbol CLSID.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Strange they didn't change ticker. Maybe it's coming later.
Why the D though? It stands for new.
https://otce.finra.org/otce/fifth-char-identifier
Well, they just added $9-10M/yr revs this morning. lol
Also, will add that Bophelo will harvest in Q1/Q2 2021 and BarX first harvest will be in June 2021. Should see significant rev jump by Q3.
It's more of a 'things are about to get real' type thing once we see activity on a shell company.
I didn't say that. I don't believe it is. I'm just running out of patience like everyone else. The day after I sell is when this takes off, pretty sure. lol.
I think it was 20-25M based on new supply contracts. May not be that much right now.
They've only started selling since June or July, if I remember. I would point to the outlook that says several thousands of patients in 2021. Maybe someone can ask this question in the earnings call on Monday?