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As much as i'd like to see earnings or some type of news today, i'm not going to hold my breathe. I expect to see some type of submission to the otc regarding extension to report earnings.
Do a search on KRSNA Exporters and look at post 27984. I found the same thing he did.
The way the convos were going in regards to the audited financials, I assumed everyone was talking about the 10Qs since the ICBU year end is in December. Yeah the 10K is audit which is why its given more time to be reported
Apples 10Q if specifically says unaudited
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12205878-905-230775&type=sect&TabIndex=2&dcn=0000320193-17-000009&nav=1&src=Yahoo
Home Depot's 10Q alsos shows unaudited
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12085326-815-72831&type=sect&TabIndex=2&dcn=0000354950-17-000014&nav=1&src=Yahoo
They must be scams
In your opinion? So what would lead you to believe that? Where exactly is this pumping going on? Are there emails going out? News articles? post on other message boards that nobody else is seeing?
Most companies don't even produce audited financials. Look at the 10Qs of blue chip stocks and you'll see most of the reporting is unaudited.
again what was the pump news
what's the pump?
okay. I'll take your word for it. Its the KRSNA and the Krishna that i was questioning
Couldn't find one. The names and addresses were different which made me think they weren't the same
I don't think those are the links to KRSNA minerals company. I made the same mistake prior and after I looked further i deduced they aren't the same.
Any thoughts on the 60 million dollar contract. It's supposed to be completed by the end of September. None of it was reported in the last quarter since the contract came late. If its at least half completed, the net income could surpass the market capitalization on this stock.
I"m hoping for the 15th but if history repeats itself they will file an extension which will put the earnings release around the 20th. This activity does lead me to believe there is a slight chance it may be on time.
Tried to do some research and was able to track down a couple of things
Company Web page (which of course was in the article)
http://www.invisishieldtechnologiesinc.com/index.html
Company Facebook page
https://www.facebook.com/shieldgloballlc/
Interview done on the Randy Jeffries show back in February 2017
It'll be interesting to see the revenues this company is supposed to produce
Or don't trust the angry investor who goes on multiple posts and screams scam on everything.
So your stance is that the EXMT never bought a company and that company does not exist. Is that correct?
The sale should be reported in full in the income statement in Q4. Future payments would be additional line items on the cash flow statement and there should be some type of future payment line item on the balance sheet. Or they may just include it as a footnote
MCIG reclained Vitacig in sometime early of 2016 so all of that is already built in. The one time increase might be the Stony Hills transaction where they sold there CBD business or something. One good thing about MCIG reporting is that they do a very good job in separating out the "Other" income that's not part of business.
There Q3 NI was $850K but there income from operations was 191K. I used the 191K to determine how well the company did for the quarter and that's the number I looked for the Q4 to beat versus the $850K. Either way the number is positive versus the negative numbers in previous quarters.
What 1 time net occurrence are you referring to? Also, another piece of information I'm looking especially with the 10K is the number of common shares that are outstanding. They did some recapitalization in the 3rd quarter which included the CEO giving back shares which hasn't been fully reported yet. Last report shows approx 348mill, based on news releases they should be down to appros 260mill shares
As you can see there are multiple terms used for the same thing. Better to use the terms indicated in the companies financial reports where they use gross profit and net income to avoid confusion.
Okay so what is the rumor?
So exactly what was the pump news? And no its was a lot of buying today brought the price up.
More as a news release back in May. I did some math to back into Q4 information. I actually looking towards Q1 to be very close to beating all of last year especialy when the grow division hit over 1 mill in the first month.
HENDERSON, NV--(Marketwired - May 15, 2017) - mCig, Inc., (OTCQB: MCIG), a leading distributor of innovative products, technologies, and services for the global medical cannabis industry is pleased to announce some highlights of its year-end financial results:
Net Sales increased to $4.5 million, a 158% increase year to year comparison, and a 1,294% increase for the 4th quarter compared to same period last fiscal year
Net income of $1.5 million compared to a $1.4 million loss from the previous year, and an increase of $2.9 million net earnings
Cash and cash equivalents of $1.6 million compared to $0.1 million from the previous year (a 1,369% increase), and a 400% increase from last quarter. mCig generated $2.1 million in cash from operating activities
mCig assets increased to $6.8 million, having 6 times more assets than it does liabilities
MCIG q4 revs were approx 2.3 mill with about 900k net income.
Not that i'm complaining about the run up but is there any reason behind this? Out of the blue 31mill shares are trading? Front running on some undisclosed news maybe?
when the term profit margin is used then profit is a different definition then net income. Profit margin is your Revenues of your goods sold - the cost to make those goods. Financial analysis differentiates between the 2.
12 mill shares traded with in the first 15 mins. High was .0025
And here i thought all this was a scam and they didn't really sell any products. LOL ;)
OMHE profit margin actually looks to be around the 20-25% range. The 1.6mill was a huge one time entry and that number really shouldn't be considered. Also, 1.6 mill was a net income number not profit number so you can't really use it to reverse engineer to Revenues when provided a profit margin.
I have you really tried their energy bars?
I think its news but it's yet to be determined whether its good or bad. Entering a business doesn't always translate into huge returns. It'll mean more once they are able to report x number of business have signed up and processing x number of transactions a month.
And of course the stock is up over 50% over the past month. Some people are going to take some of those profits. It's all normal
I disagree over not holding value. 1 year return is 550%. 45% return over the last month. Not sure why you come up with such a conclusion over one day.
they did the samething last year. Most of the financials has already been released anyway
It's what i look at the most especially for this type of stock.
I would never look at technical charts for OTC stocks.
I personally don't think the company should go thru a reverse split. Based on its balance sheet and holdings its way undervalued and as cheap as this stock is they should be able to use some cash to purchase the stock back.
Probably misread what column 4 means. Its the dollar value. Looks like there position is less then 1k in value is the way i'm reading it. Shoot I own more shares. lol
Who exactly is BDF and how do we find the information that your seeing.
Thanks
I'm going with the the 100mill revenue company is the mining company. In regards to audit financials most companys don't even in there reporting to the SEC. Look at the reports found on edgar and you see most say "unaudited".