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based on? Last known 'value' of the patent was only $50k
(edit) - I see the 8k with the acquisition and the related patents - no Q's since then so unknown value. 50k must have been patents they owned prior.
you guys realize TRTC existing business is forecast to drop next year?
Trailing 12-month non-GAAP revenue for Blum Oakland is over $14 million, which tracks the revenue reported by Blum Oakland in its associated sales tax and marijuana tax reporting and payments.
So even if Blum was flat, rev this year for TRTC was 10m, flat would have meant 24m for 2016 yet they are only forecasting 20-22m.
The revenue jump is only helped by Blum and they diluted the snot out of the company to do that
As of March 24, 2016, the number of shares of the Registrant's Common Stock outstanding was 463,036,181, which assumes the conversion of 100 shares of Series A Preferred Stock, convertible at any time into 100 shares of Common Stock, 16,150,000 shares of Series B Preferred Stock, convertible into 86,956,857 shares of Common Stock, and 32,276,008 shares of Common Stock issuable upon the exercise of all of our outstanding warrants.
Fair price is a dime IMH and thats even generous. That's ok though, we all know potheads use multiples 30x higher than they should to calculate fair value, so it should go to the moon still right?
Dismissed BK.....not the same as 'coming out of bankruptcy' (not that this would be even a good case if that was what was happening)
http://www.nolo.com/legal-encyclopedia/bankruptcy-case-dismissed-with-prejudice.html
http://www.nolo.com/legal-encyclopedia/bankruptcy-case-dismissed-without-prejudice.html
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: x .
seems self explanatory. Either sold all, or sold enough so no longer needs to file. The filing is just to clarify that fact.
commons of a shell..is still a shell
so assets sold for 18m
http://www.law360.com/articles/627088/bankrupt-clothier-cache-wins-nod-for-18m-liquidation-deal
intellectual property/name brand bought by Cato
So called billionaire likely sold all as per filing
$50m in liabilities...
yeah, like there is anything left here.
Even the law360 site says the company is now non-existant using the word defunct
http://www.law360.com/articles/697687/judge-won-t-convert-cache-bankruptcy-to-ch-7-yet
the so called coming off BK probably relates to the complaints of the medical bills (or nothing at all since there hasn't been a filed docket
he probably sold all as per http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11139280
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: x .
IMH u guys are just running up nothing but paper. Well done.
http://www.cache.com/
'was purchased by the cato corporation'
http://bankruptcynews.dowjones.com/Article?an=DJFDBR0120150430eb4ulwtkj&cid=32135014&ctype=ts&pid=311&ReturnUrl=http%3a%2f%2fbankruptcynews.dowjones.com%2fArticle%3fan%3dDJFDBR0120150430eb4ulwtkj%26cid%3d32135014%26ctype%3dts%26pid%3d311
Judge Mary Walrath in Wilmington, Del., signed off Tuesday on the sale of Cache's intellectual property and customer lists to Cato Corp .
I don't see the price thou to see if anything left in the bank account.
you realize this is likely a shell right? They handed all property over to Cato Corporation. Even that article says 'defunct'....as in, no longer exists.
IDTA unnoticed bomb detection & drug play
International Drug & Explosives Detection Company IDenta Corp. Announces IDenta's Sniffer Detects and Identifies the TATP Explosive Used by the Terrorists Last Friday in Paris, France
http://finance.yahoo.com/news/international-drug-explosives-detection-company-175827737.html
International Drug & Explosives Detection Company IDenta Corp. Receives Large Order for Its Unique Sniffers
http://finance.yahoo.com/news/international-drug-explosives-detection-company-154600914.html
In Walgreens
http://www.walgreens.com/store/c/touch--know-discreet-home-drug-test-kit/ID=prod6118616-product
IDTA unnoticed bomb detection & drug play
International Drug & Explosives Detection Company IDenta Corp. Announces IDenta's Sniffer Detects and Identifies the TATP Explosive Used by the Terrorists Last Friday in Paris, France
http://finance.yahoo.com/news/international-drug-explosives-detection-company-175827737.html
International Drug & Explosives Detection Company IDenta Corp. Receives Large Order for Its Unique Sniffers
http://finance.yahoo.com/news/international-drug-explosives-detection-company-154600914.html
In Walgreens
http://www.walgreens.com/store/c/touch--know-discreet-home-drug-test-kit/ID=prod6118616-product
No confusion - you are not accounting for the currency exchange rate between the tickers
BCN.v and REM.L are correct
USMN is different company (likely not even a real company)
holy people RIVT is a shell - they gave up that entity in 2007 during foreclosure - ZERO association now
now THAT is important to know...thx!
RIVT funny since the media gives the exact same address as RIVT headquarters
Simple question buddy, he said Sean had nothing to do with Nate's Pancakes, so I was confused why there was a licensing agreement/royalty. I guess if its all still under the original patent then, that IS agreement and royalty written up for Sean.
That's all I wondered. 7 1/2 off the bottom is killer for net...buyout in the long run may be best, but thats a year of revenue.
confused...perhaps those that know much more can enlighten. If Nate is the one that claims to have 'invented' Nate's Pancakes, why are they paying a steep 7.5% royalty and why is there a licensing agreement? He states the guy that came up with Batter Blaster (Sean) has no involvement so whats the deal? If it was his idea, his concept, there would be no licensing/royalty required right?
Really good report...wish management had a pulse in IR world, but compare to vapr Vpor Vape should be trading North of a dime
ECIG/VAPE sector numbers worth looking at - based off last 2 quarters. If you actually care about fundamentals, the lower the ratio the better...FWIW
VHUB 670k cap on 1.2 million revenue ratio 0.55
VPOR 5.4m cap on 2m revenue ratio 2.7
VPCO 60m cap on 11m revenue ratio 5.4
MCIG 71m cap on 450k revenue ratio 15.7
ECIG 268m cap on 15m revenue ratio 17.8
VAPE 13m cap on no revenue ratio infinity
GWPC worse PR ever...I believe a monkey wrote it
yeah, they are supposed distributors in US for some Korean thermometer...also halted in Canada = scam...of course also oil/gas to next hot sector=scam. CDC already gave the ball to SIMH so this is just an overkill sympathy
batter blaster went out of business 2 years ago FYI
trying to understand their revenue stream - I was told they would discuss this in more detail on the CC - was there any indication?
As I read it, they will be an adviser and oversee the project. An annual consulting fee here!? Anywhere from 500k to 5m annually? Who knows. Then when its built (they say min 4 years), I figure 6 years - its never an easy process and rarely on time. As the inventor, they would then get royalties from the electricity they sell to the grid...right? This would typically be 3-6% of wholesale? Any idea what that amounts to in the grand scheme of output? I am assuming most here think they get every penny, but I don't believe that to be the case...but not entirely sure.
Did they expand any on this?
how does mid august (Q2 report) = end of October (end of holding period?) Nothing at all of significance in that statement.
love a discussion as to why there is such a hype to $1+ like they know its undervalued and has to be much higher. The main arguments I see is 'well, look at it compared to the rest', and 'look at the profit of 1.1m'.
These are both useless arguments. 1, the rest are way overvalued, 95% of all pot stocks are way overvalued, 2, 1.1m is gross profit and is not profit you use to value a company (if you truly feel the need to try to value an otc). You look at net profit, end of story, that is how you get your PE ratio.
A very generous high growth PE is 50. True profit last year was 161k which means its current earnings on current company structure was 0.00048 or PE of 244...it's overvalued by 400% right NOW.
More realistic in penny world, you look at revenue - they have 2m in rev - a very aggressive valuation could be 20x sales, or a 40m cap - well, thats right where it is now - fair value. A realistic analyst, would give it 5x sales or 10m cap - thats about 0.03c. That would be a fair assessment of true value.
Looking at growth though, lets just say they ramp up and do $10m NET income in 2 years (I'm being way generous), well, by then, the outstanding share count would be a minimum of 1.08 billion once the preferred convert in 18months (bet its way higher though). That is an EPS of 0.009. By then, they would be slowing growth because of size - a 20PE is sector average currently in the real world - that would be an 0.18c valuation.
So to say its undervalued is silly - to place a valuation based on fundamentals is silly (its an otc, they are chart plays only), but if you are going to smack a value on it, at least use fair calculations! Just saying.
so a company supposedly doing 'business' with FRTD within a couple months, decides to dump money into a promotion, so they can dump their shares, and conveniently FRTD releases a PR same day (part of the 'promotion' text) that implies the company is all onboard with the promotion??
Yeah, thats bullish....sigh
I snoped out every 'detail' in that sticky - was all sloppy incorrect garbage and even if he found the right 'person' on linkedin, its the wrong company!
You should care when thats what the ceo claims. That always bugged me when i first started looking into it. Is there additional buildings expected beyond what they are building? Tweed will be using 150k sq ft and mdcn would have 700k. That far exceeds fitx building size and those numbers would have been known when bill made that statement? Right?
How is it the worlds largest when tweeds is twice the size and mdcn is anticipating 10x the size?
what about when the people make the lies to create the chart? There are zero ties to Ikang and that is the only reason it got pumped up in the first place...all those fake seeds planted by bjoern a few weeks ago, then adopted as gospel by hdog. I know exactly what the implied relationship was and its all false and I provided the DD that makes that totally clear when all those initial seeds were just blah blah with no links and just a bunch of insinuation.
I know how the game works...been around it for years, and I find only cowards that can't do real DD and can't find real companies have to resort to lies to get a stock to move. Pathetic...may as well just say they are announcing the cure for cancer next week and have a 5 billion deal coming with Roche...a little birdy told me after all!
no uplist without a 1:100 RS...this isn't getting valued at 7 billion any time soon/ever (which it would need to actually get to barebones price listing without a split).
really? Still talking about Ikang? Thought I already pointed out its nothing to do with AVTI..
Tweed is zoned industrial
http://smithsfalls.ca/public_docs/documents/Official%20Plan%20March%202014.pdf
Just checked, medrefleaf also industrial.
Pretty obvious where zoning needs to be.
I'm sure it will get deleted on the other forum, but thought you'd get a kick out of this. Force me to do 10 minutes of DD because they implicate a real stock im interested in (KANG)...the nerve...lol
AVTI
ahh, truly classic what we have here
K, so 'whois' comes up with Chen Xiaojie
http://www.whois.com/whois/avitarinc.com
So is it first name last name, or last name first name? US sites are last name COMMA first name, but Chinese sites are first name last name, no comma.
Use our ikang for example
http://www.whois.com/whois/ikanggroup.com
note its Lee Zhang
For those wanting to convince that its Zhang Lee, how about this:
http://www.ikangevergreen.com/en/brand_story.html
Nope, Lee is first name. So the registrant for avitar inc is clearly Chen Xiaojie.
Who do we have?
http://www.linkedin.com/vsearch/p?orig=SEO_SN&firstName=Chen&lastName=Xiaojie&trk=SEO_SN
thats right, no one...
All this based off a backwards name and some girl that works as an HR supervisor at Yuanhua Healthcare.
http://www.linkedin.com/profile/view?id=19104194&authType=NAME_SEARCH&authToken=8T7f&locale=en_US&srchid=2080574571397786068037&srchindex=1&srchtotal=34&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A2080574571397786068037%2CVSRPtargetId%3A19104194%2CVSRPcmpt%3Aprimary
Guess what, it isn't even the same Yuanhua. As per
http://www.sec.gov/Archives/edgar/data/1524190/000119312514079293/d195054df1.htm
The operating results of the acquired business of Yuanhua have been included in the Group’s consolidated financial statements since the date of acquisition. Yuanhua contributed net revenue of $8,304, and net loss of $745 to the Group’s consolidated statements of operations in the nine month period ended December 31, 2013.
So we are to believe poor Chen has worked at a firm for 7 years and that company as a WHOLE only produced $8,304 in revenue (keep in mind that includes 4 entities!)
I've seen some pretty sad attempts at DD and spin, but this one takes the cake. Good work on getting this up 2300% on incorrect information. Hope you sold already!
ahh, truly classic what we have here
K, so 'whois' comes up with Chen Xiaojie
http://www.whois.com/whois/avitarinc.com
So is it first name last name, or last name first name? US sites are last name COMMA first name, but Chinese sites are first name last name, no comma.
Use our ikang for example
http://www.whois.com/whois/ikanggroup.com
note its Lee Zhang
For those wanting to convince that its Zhang Lee, how about this:
http://www.ikangevergreen.com/en/brand_story.html
Nope, Lee is first name. So the registrant for avitar inc is clearly Chen Xiaojie.
Who do we have?
http://www.linkedin.com/vsearch/p?orig=SEO_SN&firstName=Chen&lastName=Xiaojie&trk=SEO_SN
thats right, no one...
All this based off a backwards name and some girl that works as an HR supervisor at Yuanhua Healthcare.
http://www.linkedin.com/profile/view?id=19104194&authType=NAME_SEARCH&authToken=8T7f&locale=en_US&srchid=2080574571397786068037&srchindex=1&srchtotal=34&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A2080574571397786068037%2CVSRPtargetId%3A19104194%2CVSRPcmpt%3Aprimary
Guess what, it isn't even the same Yuanhua. As per
http://www.sec.gov/Archives/edgar/data/1524190/000119312514079293/d195054df1.htm
The operating results of the acquired business of Yuanhua have been included in the Group’s consolidated financial statements since the date of acquisition. Yuanhua contributed net revenue of $8,304, and net loss of $745 to the Group’s consolidated statements of operations in the nine month period ended December 31, 2013.
So we are to believe poor Chen has worked at a firm for 7 years and that company as a WHOLE only produced $8,304 in revenue (keep in mind that includes 4 entities!)
I've seen some pretty sad attempts at DD and spin, but this one takes the cake. Good work on getting this up 2300% on incorrect information. Hope you sold already!
maybe this angle works. Can anyone post the linkedIN profile of the person tied to Yuanhua. Please and thank you.
Is this chick the one assumed to own the company or what? Kinda hope I got the wrong person!
http://www.linkedin.com/profile/view?id=19104194&authType=NAME_SEARCH&authToken=8T7f&locale=en_US&srchid=2080574571397746058663&srchindex=1&srchtotal=34&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A2080574571397746058663%2CVSRPtargetId%3A19104194%2CVSRPcmpt%3Aprimary
I think that's exactly the deal. They promised before trading public, that CAD venture was the only place they would trade, so when TWMJF was setup on Monday and word got around, they were taking heat from Americans that had bought through the exchange rate to get shares.
They obviously have no understanding of the stock market, knew they didn't initiate the symbol, so figured something crooked was going on, not realizing there are piles of mirrored tickers traded on the greys. There is nothing scammy at all about it, it is just a more convenient tool for US brokers.
Unfortunately, the company decided to harp about it - something I've NEVER seen another venture company do...they should have just shut up, or said a simple clarification that 'the ticker is a US mirror trade, but please note, it isn't a symbol we initiated and it is very illiquid with no bid/ask - please trade with caution', vs confusing people implying some criminal set up a fake ticker and creating all the unnecessary chaos.
Promoters don't go on the greys...no point as its too hard for people to get shares. This is the case for probably 100s of venture stocks (mirrored on the greys)...pull up any venture on yahoo and then type the full name..you will likely see a grey sheet (F) equivalent 80% of the time. It's the norm and I don't see an issue with it.
it's a stupid argument and Tweed is in the middle of it - YES, TWMJF is also Tweed..YES, the company did not set it up - it is common place for US brokers to set up a 'mirror' ticker of a venture play so they have inventory in US$...it will always be Tweed, just the US equivalent and it will trade exactly as it does in Canada.
Tweed really should have shut up about it - like they have a clue how the stock market works - they probably didn't even know what a grey sheet was when they went public. There is nothing wrong with TWMJF, but it is unregulated which means no bid ask, and very illiquid, so if you have access to the Canadian ticker, you 'should' really use that instead, but if you can only trade US$, you can certainly trade through TWMJF and not worry about it.