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He needs to focus on getting current with his quarterly filings and get that done ASAP
I predict MJ news is next. Bitcoin merger will not be consummated for another 3 weeks
Their Orphan Drug designation make them eligible for certain forms of funding that they wouldn't otherwise have access to. That is why so many companies apply for that designation but it isn't easy to achieve orphan drug status so that is quite an accomplishment. As far as the market cap, it should already be much higher than $30 million but instead it sits at $1.4 million.
I think they will announce that the MJ deal from July was closed. Then I expect a finalization of the bitcoin agreement in 3 weeks. I don't know about news Monday. It could be later in the week. This is all my opinion.
Canoe Pool is one of the fastest growing Bitcoin miners in China with a lot of technology and money behind them. If this merger goes through they will bring this technology and rapid rate of expansion to the US market. Also if they utilize the solar pods it will cut down on expenses.
The average PE is 70 in the Bitcoin sector
If China hedge fund money really is behind this move then posts on this message board are irrelevant. $1 million in trades yesterday would seem to indicate this is much more than ihub money.
You flipped again. We get it.
This stock definitely has one of the biggest boom potentials in the entire market. The company has a drug with an orphan drug designation and it only has a $1.5 million market cap. It makes little sense. On that alone it should be trading 20x to 30x higher at a minimum. Then add in a potential Phase II trial and it should be even higher. Of course if they don't get the funding then all bets are off and it has bust potential as well. But the potential upside here is truly amazing. Hopefully he is able to secure friendly financing soon.
The Investor Presentation and the Shareholder Letter found in the filings section of the OTC website pretty much lays things out.
Yes, it should be exciting seeing what else they have in their pipeline of acquisitions. They have been planning this for over a year and have multiple LOI's already signed so it should be a steady stream of news over the next 6 months.
You're the man digging. Best of luck except for tonight.
Ha Ha, that wont be the outstanding share count. You should worry less about the stock and more about the game tonight in AA. You are going to lose. ha ha ha
The Pods they make are manufactured in Vietnam. You should like this stock. Manufacturing in Vietnam is booming.
Bitcoin Price to Earnings Ratio Chart:
https://medium.com/the-blockchain-consumer/bitcoin-price-to-earnings-p-e-ratio-chart-da5e563046f7
It looks like the industry average is a PE ratio of 70
I don't blame you at all. It is confusing. It shows on OTC they are a California company. It shows on their latest 10Q they are a California company. It shows on their California business registry that they are FTB Suspended. But if you look under Florida Business Entity search they are filed there as well with no suspension. So it isn't your fault. I didn't buy or sell today. If I had to guess I think they still are primarily a California company but I don't think being FTB suspended is that big a deal. Having said that I am not sure on any of this which is why I didn't buy or sell today.
Here we go!
Solid start today. People are getting in position for news early next week.
And away we go!! Shares are very tight
Also, according to their slide presentation they will be pursuing a horizontal acquisition strategy. Meaning they will buy up competitors. So I wouldn't be surprised if they attempt to purchase additional trucking companies so they can eliminate their competitors.
We all might need oxygen therapy if this goes as high as we think it might.
Great day today. The march towards a penny is on.
Looking forward to a MJ update on their MOU with Yunan Industrial Hemp, who is Chinas only government authorized institution that can plant, process and deal in industrial hemp products in a large scale and is Chinas first enterprise exclusively engaged in the development of industrial hemp. This was from June.
http://www.otcmarkets.com/stock/SANP/news/PODWERKS-Signs-Exclusive-Joint-Venture-MOU-with-Yunnan-Industrial-Hemp-for-the-United-States-Hemp-Market?id=163866&b=y
PODWERKS Signs Exclusive Joint Venture MOU with Yunnan Industrial Hemp for the United States Hemp Market
KEY POINTS FROM NEWS:
"Mr. Frank Yglesias CEO stated, the fact that Yunnan Industrial Hemp can produce over 2 tons of high grade CBD a year is enormous, we will be developing a team in the weeks to come of professional Marketing and Financial Experts to create a goto-market plan for the US"
"About Yunnan Industrial Hemp Inc. (www.cnhemp.com)
Yunnan Industrial Hemp Inc. (founded in 2001), a wholly-owned subsidiary of Yunnan Hanpu Health Products Co., Ltd., is currently Chinas only government authorized institution that can plant, process and deal in industrial hemp products in a large scale and is Chinas first enterprise exclusively engaged in the development of industrial hemp. They specialize in the development, research, breeding, planting, industrialized production and marketing of industrial hemp.
The CEO is coming back tomorrow from a month long trip to China. Of course there will be big news. I doubt if he was there just sight seeing. Thanks for the cheapies! By the way, they have an MJ deal that we should be getting an update on too. That could be the next big news event.
Looking forward to a MJ update on their MOU with Yunan Industrial Hemp, who is Chinas only government authorized institution that can plant, process and deal in industrial hemp products in a large scale and is Chinas first enterprise exclusively engaged in the development of industrial hemp. This was from June.
http://www.otcmarkets.com/stock/SANP/news/PODWERKS-Signs-Exclusive-Joint-Venture-MOU-with-Yunnan-Industrial-Hemp-for-the-United-States-Hemp-Market?id=163866&b=y
PODWERKS Signs Exclusive Joint Venture MOU with Yunnan Industrial Hemp for the United States Hemp Market
KEY POINTS FROM NEWS:
"Mr. Frank Yglesias CEO stated, the fact that Yunnan Industrial Hemp can produce over 2 tons of high grade CBD a year is enormous, we will be developing a team in the weeks to come of professional Marketing and Financial Experts to create a goto-market plan for the US"
"About Yunnan Industrial Hemp Inc. (www.cnhemp.com)
Yunnan Industrial Hemp Inc. (founded in 2001), a wholly-owned subsidiary of Yunnan Hanpu Health Products Co., Ltd., is currently Chinas only government authorized institution that can plant, process and deal in industrial hemp products in a large scale and is Chinas first enterprise exclusively engaged in the development of industrial hemp. They specialize in the development, research, breeding, planting, industrialized production and marketing of industrial hemp.
So the PODS would allow for bitcoin mining to be done in multiple locations and movable in the event a government entity rules against it. They could set up bitcoin mining pods in different countries that are bitcoin friendly.
Great find. This management team is very impressive and knows what they are doing. It should be a fun ride.
Was lucky to get 5's today. Like the Bitcoin Mining and Growing Pods. MJ, Bitcoin, China what a great combination
Finally some three's available and no cash until Thursday.
I hope you are ok my friend
Yes, so would I.
I picked up a few but we will probably get a few more chances to get more.
"With the pipeline of companies we have signed to Letters of Intent to purchase, we would meet the listing criteria with our initial acquisition. Are we going to apply right away? Probably not, I’d like to build our consolidated financials first. We’d like to have some real size and depth before considering."
From the shareholder letter. They already have a pipeline of companies signed to letters of intent. We should be getting a steady stream of announcements. CWIR
CWIR has already signed multiple company to LOI's. They will be announcing a lot of new acquisitions. It should be a steady stream of new announcements
This has been a long wait. Hopefully its worth it.
Great news, it looks like we will be getting a substantial reduction here. Cant wait for next week
Besides the press release announcing the first acquisition, the shareholder letter is the most relevant piece of information the company has put out imo. It is a literal treasure trove of great information. For example it tells you they already have multiple LOI's signed and they could apply for a NASDAQ listing if they wanted to after they get a couple of acquisitions under their belt. They would meet the listing criteria based on revenues etc. I have been wrong many times before and wont become too prideful but this looks like it could be a keeper. But you just never know in otc land. Anyway have a good weekend all. P.S. Yes you are correct Love, it doesn't rule out MJ. They are open minded and will acquire any company they feel is of good value and that can be improved upon.
Great post and I wholeheartedly agree
CWIR CEO Letter to Shareholders 9/19/17
Dear Fellow Shareholders,
I’m sure you’re all wondering about the new management, additions to our Board of Directors and our business model moving forward. I will say that I am excited to begin executing our model, although we started the process about a year ago, we decided on using CWIR as our public platform a few months ago. We also had to make sure our partners were on board and our deal flow pipeline was strong.
A question that has been asked is, why start on the Pinks? There are a few reasons, NYSE and Nasdaq companies for the taking just don’t exist and if they do, the acquisition cost is probably close to around $100 million. Starting from scratch with an S-1, fund raising, FINRA, IPO process is time consuming and our story would have been lost in paperwork drafts and amendments. Going with the OTC market puts us on a “fast track” and we are using this platform only as a stepping stone to building our shareholder base, our financials, making sure our in-house
compliance department is in order so when we decide to up-list, we’ll be ahead of the curve. With the pipeline of companies we have signed to Letters of Intent to purchase, we would meet the listing criteria with our initial acquisition. Are we going to apply right away? Probably not, I’d like to build our consolidated financials first. We’d like to have some real size
and depth before considering.
So what exactly is our business model? We’re an acquisition holding company that will purchase private operating businesses with annual revenues of between $5 million to around $30 million. These businesses will become wholly owned subsidiaries of CWIR, the parent company. I do believe this may be the first time that a microcap pink sheet listed company purchased a business many times its current market cap. We look for management teams that want to work together with us, as a team, to grow and expand the business. They will be able to focus on executing the business while we focus on investments, capital markets, investor relations and regulations. At some point in the future, be it two or three years, depending on the market environment, we’ll consider spinning subsidiary off. As a current shareholder during that time, you will also receive shares in that entity. If you ask me where we see ourselves in five years, I would say that we would like to have ten to fifteen subsidiaries under our umbrella at all times and spinning off or selling four or five each year.
I don’t roll the dice, I don’t gamble, I don’t hope things happen. I like to believe that I do sure things. As a matter of fact, I’ve only been to Vegas a handful of times because of these reasons. The way we do that is by controlling the process, structuring deals that make economic sense because we are executing on our terms.
What’s our industry focus? Quite frankly, we’re generalist, except for David Platt, who specializes in Pharma and Biotech, and Ray that specializes in the financial arena, but at the end of the day we’re all deal guys. I’m told often by my Wall Street colleagues that our business model isn’t focused; it’ll be hard for the Street to follow and accept. What I tell them is that we are very focused, focused on making money. We’re not looking to reinvent the wheel; I’m not that smart, just looking to build our bottom line. What better way to accomplish that then to buy a business that is already profitable that will complement our overall strategy. Growing earnings mean an appreciating stock price.
What about the money, the acquisition capital? We look at it this way, there’s a lot of money in the world. The money is there when the deal is there. Collectively, we’ve built long term relationships with ready, willing and able partners that like what we are doing. The bigger our market cap, the better the
capital at our disposal the more we can acquire and so on and so on…
What we're interested in? We like transportation and logistics. According to Forecast, between 2016 and 2027, overall freight tonnage will grow a total of 35%. Over that same timeframe, the amount of freight moved by trucks will grow slightly less at 27%. The industry went through a downturn but is recovering and we feel there are a lot of good values out there.
We like the financial industry, Community banks, advisories, wealth management. Being able to accumulate assets under management will improve our ability to self-fund additional acquisitions. Back in 2006-2007 Ray and I were putting together an investment fund to roll up community banks when the purchase prices were at 1 times book value. Unfortunately, the market crashed and we put things on hold. Certain geographic regions of the entertainment industry have tremendous growth possibilities. For instance China's middle class is growing at a staggering rate. China has been building cinema screens at a rate of over 10 a day for the past five years, rising to 27 a day this year. Production companies with emerging market focus are good fits with very high profit margins. This will also give us a nice platform for branding and public relations. Real estate such as Multi-family REITs will continue to be valuable assets as the cost of purchasing homes has increased at higher rates relative to incomes in regions that we follow. Many other areas of the segment are attractive such as Industrial and Infrastructure real estate.
What about daily press releases? As far as I'm concerned anyone who puts out daily press releases just to say something is probably a pump and dump scam in the pick sheet arena. We'll put out news when it's appropriate to say something and because we executed. We're not here to move pennies we're here to move real weight. If our investment strategy isn’t for you don't buy our stock.
In closing, we are excited about what we have planned for the near and distant future. Our board is working tirelessly around the clock to ensure CWIR is going to be up to par and far surpass the vision we have for it. We have a fiduciary duty to all our shareholders to perform at the best of our abilities and to be as transparent as possible. All our goals and interests are aligned…
Sincerely,
Harry J Orfanos
https://www.otcmarkets.com/companyPresentationViewer?cmdId=2112&symbol=CWIR
I don't see the company entering the MJ sector. The company has always been a Colorado company so that isn't anything new. The shareholder letter told you exactly what sectors they were going into. They mentioned transportation as a key sector they were targeting and guess what happened? Their first acquisition was a transportation company. There was no mention of MJ in the shareholder letter. The company just bought a transportation company doing $30 million in revenues per year and the market cap here is only $6 million he. So the stock should be trading well over a .01 already. That is the main selling point. If you want to know what other sectors they are targeting besides transportation all you have to do is read the shareholder letter!