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This should help our existing Diamond Creek Water business. These guys work with water already. Seems like we are gaining direction again. Maybe the stock will too!
On January 5, 2022, the Board of Directors of Good Hemp, Inc. (the “Company”) appointed Daniel Sobolewski and Donald Keer as Co-Chief Operating Officers (Co-COO’s) of the Company.
Daniel Sobolewski – Co-Chief Operating Officer
Mr. Sobolewski is 45 years of age and resides in Orlando, Florida. Daniel Sobolewski has been in the Merger and Acquisition business for 20+ years. Mr. Sobolewski and the Company have not entered into any compensation arrangement or other agreement.
Donald R. Keer – Co-Chief Operating Officer
Mr. Keer is 61 years old. He makes his home in Chalfont, Pennsylvania. He has over 40 years of professional experience, the first 15 as a chemical engineer focused on water treatment technologies. The last 25 years were spent as an attorney focused on working with water treatment equipment, technologies and service companies. As an attorney, Mr. Keer’s specialty is regulatory filings, business transactions and corporate governance. Mr. Keer also has an MBA in finance and operations. Mr. Keer and the Company have not entered into any compensation arrangement or other agreement.
"Loading calls here for inevitable run to 300 from these 250’"
I've been supplying them to you guys. lol.
Sold the 12/23 $320 calls two weeks ago. Nope, didn't get much, since the price is down, but i use it as a dividend. They expire today, and on Monday I'll write the January 7th calls. Two weeks out. Don't know which strike yet, but high enough to not get called away, and yet give me about .5% for two WEEKS in cash flow. When the price is higher, I don't write so high out, and get up to 2% for 2 weeks. Great stock for writing calls.
Probably not a bad deal. Good luck to you on that.
I now see that. here is article.
<<
Good Hemp, Inc. (the "Company") Shareholder Update -- Introduction to New Management and Business Direction
New Management:
Harry Timmons, is the Newly Appointed CEO
Shareholder Follow Up/Update:
Good Hemp Inc. Logo (PRNewsfoto/Good Hemp Inc.)
NEWS PROVIDED BY
Good Hemp Inc.
Dec 16, 2021, 10:01 ET
SHARE THIS ARTICLE
CORNELIUS, N.C., Dec. 16, 2021 /PRNewswire/ -- On December 10, 2021, the Company accepted William Alessi's resignation as the Chief Executive Officer (CEO), of Good Hemp, Inc. (the "Company"), and simultaneously appointed Harry Timmons as the Chief Executive Officer (CEO) of the Company. Furthermore, Mark Spoone has resigned as a director of the Company.
Mr. Alessi's and Mr. Spoone's resignations were not a result of any disagreement with the Company.
Shareholder Update -- Introduction to New Management and Business Direction
The Company's newly appointed CEO, Mr. Harry Timmons has accepted the position as CEO, and intends to focus the longer-term goals of the Company more on its Diamond Creek brand and the water industry in general. *The total size for the water industry is estimated to be $100 billion in the U.S. and $500 billion worldwide. The major segments in the water industry include water utilities, water treatment technologies, water infrastructure, water efficiency improvement, and water monitoring.
CEO, Harry Timmons stated, "I would like to thank the Board of Directors and all of the Shareholders for the opportunity here at Good Hemp. I plan to work aggressively towards a common goal, both for the Company and its Shareholders. I look forward to utilizing my business experiences in building out brand recognition through alliances, partnerships to increase market share, increased revenue streams, while adding additional vertical operations under the Good Hemp, Inc., brands. My priority is and will always be what is in the best interest of the Company, its employees and always its shareholders."
About Good Hemp Brands –
Diamond Creek manufactures ionized 9.5pH high alkaline natural spring water, sourced from the highest quality, award-winning springs in Ohio, Pennsylvania, and Tennessee. Available in three sizes: 1 gallon, 1 liter and 500 mL bottles. Visit www.diamondcreekwater.com for more information.
>>
To my knowledge,, they are still selling the "Good Hemp" drinks. The Hemp wellness through choropractic they shut according to their last report.
They also are doing well with the alkaline water division it seems.
FYI
Even a stopped clock is right twice a day. But hey, I'll take it. Up about $39 per share since I bought yesterday, on 700 shares. Helps the account value that's for sure.
went below $250. I was able to get back in finally. Didn't like being out. The premiums are too good, even with the drops in prices, to be out. didn't get in as much as I sold in October, but did well, IMHO. Even wrote some calls already for this week and some for next at a higher price. WOn't let them get called away from me, but good to get the income stream started again.
Back in!
Instead i think I'll be getting back in under $250 on Monday morning. Horrible to see the drop in bitcoin.
Not mythical. March 31, 2020. Look it up on otcmarkets. they had a net profit.
But more importantly, and I said it a few months ago. Now that we have SEVEN locations, and they are getting back to normal, I expect by 4th quarter of THIS fiscal year to have net profits again. We have reached that critical mass, where the profits of the cafes should IMHO overcome the overhead of the corporate expenses and we should have net positive earnings again, and from then on forward. PLus, with the 8 or 9 that we shall have by then (cough, cough) we should have enough cafe profits to have net profits from then on out. 2021 is getting the existing cafes back open and profitable. 2022 is expansion. Also said that.
Look at the March 2020 quarterly though for your answer.
We were just getting to profitability when COVID hit.
Nice to see both the bid AND the ask going up a little today. Hope they get that plant open soon and the price really starts to move!
Does anyone know if Keith will be continuing to dive on the Pulaski under a new company??
Is it awesome?
Sounds like the end of Blue Water. We are allowing some other firm to buy our corporate structure, and they shall be the remaining entity after the merger. SO will we only sell their drugs, or will we continue underwater diving as well? Sounds like the diving may go bye bye.
taking some down ...
My question too. And who in their right mind would sell down here, knowing we were constantly over $1 per share for a long time. Anything below .75 in my opinion was kow, yet the selling continued. Makes no sense.
My last post for now. Still not thinking of this right. Which would make your shares more valuable? If 700 million shares were outstanding with 7 locations open, or 950 million shares outstanding, but 17 locations open. I contend that with 2 1/2 times more revenue coming in and the company turning a profit, the value would be more PER SHARE with the second scenario. More shares outstanding yes, but $34 million revenue divided by 950 million shares is .035 per share revenue, versus $12 million revenue divided by only 700 million shares is .017 per share revenue. Per share in both cases. See the point yet? A company bringing in .035 revenue for every share outstanding is better than a company bringing in .017 revenue per share. Hope you get that. Good night.
Not "plus". The shares ARE for the money invested. The investors foot the bill of construction, training, stocking, supplies and the first few months of operations to get a location up and running. For that MONEY, they get the convertibles that turn into shares. It gives the company the money to do the build out. All the investors are doing is buying shares but direct from the company so the company can build and move forward. When we get about 12 - 15 cafes open, I think the profits will be enough that they will be able to build WITHOUT investors giving them the money, and just do it themselves. But until they reach critical mass, this is how a company from out of the country can build in the states without having their own money. And no, banks don't lend to new locations, because there is no track record for that location yet and no collateral, since the building is rented. So ANY investor who wishes to buy stock, but not do it through the market, which does nothing for the compay per se, can join a group of others and invest in a location if one comes available. That's all the investors for tucson did. Still buy stock, via the convertible, but their money is used to expand the company instead of to some seller. There are NUMEROUS people on THIS board who are The investors for tucson. They just want to remain anonymous as investors.
"Kinda socks for loyal shareholders."
No, it's great for loyal shareholders. tell me - if we went from 750 million shares with our 7 locations and moved that to 990 million shares with 17 locations, each bringing in great revenue, and each owned 100% by S&L, would the price of the stock be above or below $0.02? I say way above. WAY above. Because we'd have 17 locations bringing in about $35MM in revenues and with each one bringing in profit they would bring the company to a nice final net profit, even after corporate expenses.
Expansion is the way to go. Franchises? They don't want to, so this still works, this still brings in revenues and profits and if we can get this rolling faster it would be a whole lot better than socking for loyal shareholders.
Dilution is not always bad.
I think dilution can be looked at two ways. There is a good dilution and a bad dilution. The giveaways that occurred recently were bad dilution. Someone asked how we defend it. I won’t. I don’t know what that is all about, but someday I hope to talk to someone in Toronto or hear from someone else who posts they talked to Toronto, and we get an answer for that. For now, I think that was bad. However, there is also GOOD dilution, and that has happened a lot in the past two years, but I don’t think is being looked at as being good. So here’s my thoughts on it.
The company is still young in the expansion game. They said they were going to expand into the USA, but in reality they had no money to DO the expansion. So they needed investors. That meant dilution. But … that is the type of dilution that is WORTH doing. Let me show you some approximate numbers and how it is positive.
We had 3 cafes open in 2018. We also had about 600 million shares outstanding. That’s about “200 million shares outstanding per café and thus per $2 million in revenue”. Yes I know there were other businesses as part of Amfil too, but I’m just talking about the S&L Cafes, which is where we are heading finally now anyway. I’m also rounding EVERY café to the same numbers, which is NOT true, but which is a good average overall. Tempe will do more revenue than Tucson, but I'm talking generally. So … if we wish to expand, and we get investors to buy convertible notes that later convert into about 40 million shares to open a new café (say ... Tempe?), that means we would have 640 million shares outstanding, but we would have 4 cafes open instead of 3. That drops us to only “160 million shares per café and revenue stream.” If we then open yet another venue (say ... Tucson?) and can do that one for another 40 million shares spent to get the funds to do it, that is now 680 million shares for 5 cafes, or “136 million shares outstanding per café and per $2 million in revenue.” After the conversions, it makes the total outstanding shares higher, but it takes less shares to get the same revenue number, meaning each share now generates MORE pro-rated revenue, in spite of the dilution. That's positive dilution. That doesn't make it a bloated turd, or a scam. It means they used someone else's money to build before they had their own available, and they gave out debt that converted so the people investing would have shares in the company, and in a company with growing revenue. With 5 cafes open instead of 3 we bring in $10 million in revenue versus $6 million for 3 cafes. We are up 67% in total revenues. Yet our outstanding shares have been diluted only from 600 million to 680 million, which is 12.5% higher. That shows how PART of the recent years "dilution" has been a POSITIVE. This type dilution makes great sense. And in the next year or two, I am thinking they CONTINUE to “dilute” some shares and get some investors to open MORE locations (like Denver, and Fort Collins. I already know some people who wish to join a team to fund those two locations. We CAN get it done, once we get Toronto off their backsides and ready to expand again. I think they WILL be willing in 2022, after they get the existing cafes back running smoothly after COVID). A s we have more cafes open and more revenue, it becomes easier to overcome the corporate needs and the other subs and turn this into a larger and finally net profitable company. I see that happening this fiscal year, which is why O have said I expect in the last two quarters of THIS fiscal year to have at least one of them be NET POSITIVE in earnings. And if we grow more in 2022 - 2023, that profit should rise. People DO wish to play games and eat our food, and I have spoken to them IN our cafes. NOt conjecture or bias, but from actual people. If we added another 400 million shares to our outstanding over the next 18 months but added another 10 new cafes by doing it, that would be AMAZING for us. Even with the dilution. We’d be doing over $30 million in revenue, instead of the $10 million I truly expect for this current fiscal year (From the cafes. Not adding anything for other areas, if we even own them by the end of this fiscal year.) And that would lead to a higher price, even with the "dilution", and in turn that would mean less shares needed in the future and LESS dilution per new cafe. Because the conversion rate will be higher as the price goes up. So my illustration of 400 million more shares for 10 more units would probably be too HIGH. More like 250 - 300 million more shares. That plan could still work, like I presented it to Toronto in 2018. They just need to start expansion again, after they get the existing cafes back up and running smoothly. Deal with that now, and then when things are smoother over the next months, we should start expanding again. In 2022. Let's see if they do it. I think Denver and Fort Collins would both be ready and able to be fully funded fully and easily in 2022, if S&L will get back to expanding. Hey, investors funded Tucson in about a WEEK when it was brought up that an opportunity existed. I thin that would happen with Denver as well. Dilution. For revenues and profit. A GOOD thing.
"Dilution is the bull in the China shop has been for years"
I think we read things over and over and over and over again on this board and then because we read it so often we think it is actually true. But that does not mean that it IS true.
Dilution. Not from the board, not from statements, but from the annual reports.
OUtstanding shares, as of
6/30/15 - 662,493,098
6/30/16 - 664,493.098
6/30/17 - 473,895,499 (because shares exchanged into preferred)
6/30/18 - 482,253,160
6/30/19 - 495,916,324
6/30/20 - 580,575.767 (And shares used to pay for Tempe and tucson, so we could EXPAND)
6/30/21 - coming to us soon. More expansion, as we paid for Chicago, but if we expand shares and GROW from that expansion, it is not a bad type of dilution.
I can't answer as to why preferred shares were given out earlier this year, and think that was bad, but overall? SHow me where dilution has been the bull in the china shop for years and years. It's just not true, in spite of what you read about it happening so rampantly. They used shares to expand form 2 locations to 7 locations, so now that we are starting to fire on all seven cafes we shall show more revenue and I predict in THIS fiscal year a NET positive quarter or two. Turning the corner because of the extra cafes, and that cost us to open them, which is what you are calling dilution.
NOt bad though on the heavy dilution people think has happened.
"These clowns have changed accountants EVERY YEAR since 2015 and auditors 4 or I think now 5 times since 2015.
Nothing screams SCAM louder than those FACTS."
BS!
Let's look at the annual reports for the "facts". This from the annual reports.
2015. Financials done by management. No CPA or auditor on annual report
2016. Financials done by Management. No CPA or auditor on annual report
2017. Financials done by Management. No CPA or auditor on annual report
2018. CPA Joseph Himy. CFO Squad. AUditor Manny from RBSM.
2019. CPA Joseph Himy. CFO Squad. AUditor Manny from RBSM.
2020. CPA Joseph Himy. CFO Squad. AUditor Manny from RBSM.
2021 will show different people. Tell me how they could change accountants every year since 2015 if they did them internally though 2017??
Not future. Current. the name change is DONE. New York state has been updated. Earlier this month even.
Looking up the name, it shows this ...
10/14/2009 CERTIFICATE OF AMENDMENT AMFIL TECHNOLOGIES INC. 091014000442
09/08/2021 CERTIFICATE OF AMENDMENT SNAKES & LATTES INC. 210908000902
So we are OFFICIALLY already Snakes & Lattes Inc. No longer Amfil technologies. A big step forward, as was the quarterly report put out this morning. We are focusing (FINALLY!) on the cafes. And as the quarterly said, we started the quarter with 3 open locations, and we ended the quarter with our 7th one open. Now, let's get these operating smoothly, and then open MORE. And NONE of them are franchises, nor will the next ones be. Maybe not as fast, but not needed at this time. As long as they do it a lot faster than the past ones.
Out.
For now. But out. The jump to the $235s and then starting to slide again was enough and I took it. My $255 calls were expiring anyway so I took it off the table.
I personally think the market is going to have a bad October. I remember October 1987 and October 1989. Two of the worst months ever up to that point. October is just not a great month for the market. And we are high right now, we are inflated for the wrong reasons, the fed may start talking of tightening ("don't fight the fed." Part of the reason we are up right now. And a big part of the reason we shall be lower a year form now!) sooner rather than later, and things are not as rosy as the market is saying they are.
If I stayed in stocks, this would still be one of the ones I would want to own. but I'm going to the sidelines for a while, for preservation. And the fact that we are now below $230 again today tells me I am glad to be out. LOng term this stock should kill it. But for now ... I am out. GLTL
But he also says in the same article
"Kiyosaki said he isn't planning on selling gold, silver, or bitcoin but warned he thinks they "may crash too""
Sorta takes the edge off a buy recommendation, don't you think?
"Honestly I am at a point where I want to see this shed the Amfil name finally to hopefully Snakes and Lattes Inc and spin off everything that is not Snakes and Lattes related"
Me too. And I have been vocal on that in the past. Just open 100 Cafes in the next 5 - 7 years and get rid of the MJ, the Gro, the pavers and all the rest. We need to open more cafes. Faster. Without the distractions of these side gigs delaying the cafes. Without the extra layers of other countries like France that make our audits harder. Heck, they seem impossible already as it is, so get into one business, do it well, and get it going!
And change the name to Snakes & Lattes!
"Lots of stagnation here for years and that is not a great item to sell to others."
And yet in those years of "stagnation" we went from 2 cafes to now 7.
Yes we screwed up on some of the other initiatives, but going form 2 to 7 is not what I call stagnation. Just not as fast as I, you, or others want. But not stagnation.
I'll explain this ONCE, since numerous people seem to have this same mistaken idea and I truly think it is beneficial to tell the truth about it.
"roughly 16 million shares to sell once November rolls around."
Nope. A smart investor doesn't invest money into a company with an eye towards immediately selling it. They are not bullish because they wish to sell. They are bullish because they believe the stock and company shall go UP. So they BUY shares, and gladly state that they are bullish on the company.
Will I convert notes into shares at some point? YES. But that is not SELLING shares. That is GETTING shares. I think you have it backwards. If someone bought millions of shares of stock in the open market, and then told people he bought those shares and was bullish, what would you say? Would you say he is wanting to sell? Noooo, he is BUYING shares. There are other bulls on this board. Do you say each one of them is bullish because they want to sell shares? Of course not. Will I ever sell shares? yes, I shall. As I need some money, need to redeploy, think the company is maxed out or many other reasons. Right now though I am bullish on the company, I have bought shares and shall convert into more shares in the future, and that conversion itself has NOTHING to do with "selling" shares. I hope you and others see how there is no logic in that statement that a person buying shares and bullish is therefore considered a seller.
Now the difference. When someone buys shares through Etrade (or wherever), they buy from other people. From sellers. The company gets NOTHING from the transfer of ownership. In my case, I bought my shares in a different way than through Etrade. I bought by giving the company the money directly. By doing that, it allowed the company to EXPAND and open TEMPE and TUCSON. It started as numerous notes, as that is how the company structured it, and now I have converted some into the shares I want and shall convert ALL my notes to shares over time. Because I want to own shares in a company I am bullish in. Makes sense, right? Buy shares in a company you think over time shall expand, grow, and prosper, and one you think shall lead to higher prices in the future. That's investing! Converting dos NOT automatically mean selling though. Just like if someone bought shares through Etrade it would not mean they are automatically selling those shares. They are BUYING. Converting and buying through a brokerage. Same thing. BOTH are BUYING. I already paid for the shares when I bought the note, and at conversion I GET the shares. It is not selling. Does that make sense?
I'm not going to discuss this after this post. I just know that I bought shares of this company, through the company directly, so they could open Tempe and Tucson with my purchase. And I shall convert all my notes over time. All I did was buy shares, through a longer process of notes first.
Now, since so many think me being bullish is somehow a self serving thing, I'll ask one last time. How is it different than any other bull on the board who bought shares through their broker? I bought my shares and we all gained Tempe and Tucson. Sounds like a bull action to me!
Last statements. I am a shareholder. I currently still own some notes, and when converted I shall be ONLY a shareholder. Nothing to read between the lines there. NOTHING. When people write other things, they are incorrect. I am in the end no different than anyone else that owns shares and is bullish, which is WHY we bulls own shares. Crazy right? We buy shares in companies we are bullish on. Yep, makes sense to me!!
A shareholder from buying and from converting notes to SHARES. Nothing more, Now that everyone knows, saying I am anything more or have any conflict that any other shareholder would not have is just not accurate. End of story on conversions. They are ways to BUY shares, and a BULLISH thing to have someone do. It is INVESTING in the company, which is what buying shares IS. End of topic. I'm now ignoring all other posts on "me" as the topic, instead of the company. You have the truth. Converting is getting shares, just like buying on the market results in getting shares. Neither is a way to "sell", although both eventually lead to that person selling their shares in the future. My goal is to sell in the future at a nice profit. But that's for me to decide, not others saying I am doing such and such with MY portfolio. Off topic for them to venture as to MY portfolio.
"I don't know how any me can take the unaudited financials as truth at this point."
Then don't. But most pink stocks don't do audits. Most pink stocks also don't do the revenue we do! If you want a trusted company, with trusted audits, then buy blue chips. No biggie. But to buy a pinkie with no audits, and then complain that it has no audits? Makes no sense. Yes, they said audits would come, but that was the CEO of a pinkie. Oh, and he is GONE as CEO, so that we don't have to listen to broken promises over and over again. I hated that too. But his being gone is to me a sign they are trying to improve.
As for the 50% reduction on the audit. The TWO audits done showed two things. The first one showed in INCREASE in revenues versus what they said. The second one showed the decrease, and they said WHY it did. Because they had to reclassify some revenue due to how they did it versus what was wanted by the auditor. it also reduced the correlating expenses for those revenues, but no one remembers that part. Still, this is a pinkie. Yes, they have screwed up a lot of things. But again - IT IS A PINKIE. fi they knew it all and did it all right, it would be on the OTC by now. And yes, as they grow and LEARN, I think they will end up there. But mistakes were made? of COURSE they were. NO audits? A PINKIE.
Don't try to require it to have the same solid books or earnings or revenues as a Dave and Busters, trading at $40 per share. It is NOT going to happen. Nor should we EXPECT it to.
Own a pinkie, and know that it is there because it has issues it has not worked out yet. Buy if you think some day they will grow and get it together and become a better company. That's what it means when some of us say we know what we own. We own a company that is a pinkie, has had issues, and is showing better things starting from now forward. It would have been starting 18 months ago, but he Virus delayed us. SO now, our revenues WILL grow, as new cafes are open. Not hoped for, but open. And we look towards that future with educated hope that the stock price will follow, now that they are finally opening new locations. That's the future we see, with higher stock prices and more cafes open. But don't buy or talk about a pinkie with parameters like solid audits that are not the norm for pinkies.
That's the bottom line. No matter what - it is at this time a pinkie. Don't ask it to be more than that for now.
"Bullshit, nothing to back any of that up, total conjecture"
really? Nothing in that is conjecture except my thought of net positive earnings during the quarters to come.
Revenues for the April to June 2021 period will show the Toronto and Tucson cafes closed. I said revenues will therefore be down. It is the PAST, but that is what is coming out this week or so.
Tucson opened up during this current quarter. NO conjecture, no guessing, no forward looking statement. It opened. Toronto opened up during this current quarter. Not 100% yet, but they opened. NO conjecture. therefore, for the Q1 of FY2022 (July through September) the revenues MUST be higher. NO conjecture. Open cafes generate more than closed ones. therefore revenue goes up.
Since Toronto and Tucson were open for PARTIAL during this current quarter, and ARE open, they should be open for ALL of the upcoming quarter. That means higher revenue from those cafes than for partial open months. NO conjecture. Three months of revenue will generate more than 1.5 months of revenue. Plus ASU is now in session, which it was not during half of the current 2quarter. U of A is now in session, so that will generate more than the summer month we opened up for Tucson. More revenue for Q2 then.
The next three quarters should be increase after increase in revenues. based on CURRENT open cafes, not "conjecture".
I don't mind if someone disagrees with me on where this company is going. But don't say that cafes open will generate more revenue than cafes closed is conjecture. It is fact, it is logic, and it is the only possible outcome. revenues will be going up each of the next few quarters, based on the reality of the cafes being open. THAT is "real". To say it is BS does not discredit what I wrote.
Focus on Revenues. They MUST go up, as cafes open vs being closed. Bodes well for our next 4 quarters in a row!!
I expect low revenue this earnings report, since it is for April - June and we were mostly CLOSED for that period. Then, for the first quarter of FY22, which is July - September period, (NOW), which will be reported in NOVEMBER, I expect revenues to go up as Tempe did very well but ASU was closed for about half that time period, Tucson opened for PART of the quarter, and Toronto opened for PART of the quarter. So revenues UP for FY22 1Q. Then, the FY22 2Q period of October - December 2022 will have Tempe and ASU open the entire quarter, Tucson open the entire quarter, Toronto open the entire quarter, and Gueph open for part of that time. Chicago doing better too. Call it firing on almost all cylinders. Revenues will be up much higher, and I'll also go so far as to say I expect a positive NET earnings for that quarter. I think we are finally at the point where we have enough restaurants open that the profit for each one should overpower the operating costs on the corporate level and we should have net positive earnings. That won't be released until February, for the December quarter, but let's see if we can do that. For the 3Q and 4Q of FY22, I think we shall see solid numbers, GOOD revenues, and by then we should be back on the path for more expansion. They are focusing right now on getting these restaurants back up and running (been only a month since Toronto opened gain) but expansion should start again in 2022. That would mean a future of more revenue, more cafe profits to offset corporate overhead, and a higher net profit. SO the future looks bright to me. Starting AFTER this release of earnings, IMHO the LAST one with bad (comparatively) revenue numbers, since we were CLOSED for this period, and the future looks bright after this release.
I'm bullish on the next 12 months. After that? IF they do the expansion I have pushed for years, then I'll be bullish for that too. But next 4 quarters WILL (bold statement) have INCREASED revenue per quarter, based on more locations open each one, and EXISTING cafes that we have right now. Unless there is another shut down, we MUST show higher revenues, as locations open versus closed means more revenue. Period.
That is the short version - in my way of posting. LOL
I think people are thinking incorrectly as to what is going to be reported on the upcoming earnings. That could lead to wrong thoughts when the earnings come out. This shows what I mean.
"IMO going to see a surprising Rev uptic with all these restaurant’s serving customers"
The earnings coming out this week or so are for the period April, May and June. NOT for what we are doing right now.
In April - June, all three restaurants in Toronto were CLOSED. For the entire period. Tucson was CLOSED, not open yet. Chicago was barely open, with restrictions on party size and sitting. Tempe was open, but ASU was closed. So where is all this revenue coming from? YES, we DO have it. NOW. But the earnings being reported are not from "now". If you think so, and revenues come in low, you might be disappointed for the wrong reason. If earnings come out and revenues are fair or even low (as I suspect they would HAVE To be, since the cafes were CLOSED) I don't people to think "oh no, they are NOT doing well, even with the cafes now open." That is NOT what is being reported THIS time. This is for when we were mostly CLOSED.
All the restaurants serving people? Yep, they ARE. So get excited about the NEXT earnings update, for THIS quarter. Just don't think what is being reported now is for the period when they were open. Fair?
Thanks to us being open finally in Toronto now, I am expecting GOOD news from here on out. I expect mediocre revenues for this reporting quarter (did I mention we were CLOSED during this quarter? Maybe once or twice. HA.) and an expanding revenue for this current quarter, since Toronto is now open, as is Tucson and ASU. But it will get better after that too. (Assuming they don't close things again, which is never a known thing)
Here's my thoughts on revenues and earnings for the near future:
I expect low revenue this reporting, since it is for April - June and we were hardly open. Then, for the first quarter of FY22, which is July - September period, which will be reported in NOVEMBER, I expect revenues to pop up as Tempe did very well but ASU was closed for about half that time period, Tucson opened for PART of the quarter, and Toronto opened for PART of the quarter. All revenue that was not part of the quarter about to be released though, so revenues UP for FY22 1Q. Then, the 2Q period of October - December 2022 will have Tempe and ASU open the entire quarter, Tucson open the entire quarter, Toronto open the entire quarter, and Gueph open for part of that time. Chicago doing better too. Call it firing on almost all cylinders. As we are right now. I'll also go so far as to say I expect a positive NET earnings for that quarter. I think we are finally at the point where we have enough restaurants open that the profit for each one should overpower the operating costs on the corporate level and we should have net positive earnings. That won't be released until February, for the December quarter, but let's see if we can do that. NOT the quarter coming out this week though, since most of our cafes were CLOSED during this reporting quarter. For the 3Q and 4Q of FY22, I think we shall see solid numbers, GOOD revenues, and by then we should be back o the path for more expansion. They are focusing right now on getting these restaurants back up and running (been only a month since Toronto opened gain) but expansion should start again in 2022. That would mean a future of more revenue, more cafe profits to offset corporate overhead, and a higher net profit. SO the future looks bright to me. Which is why I've invested in the company. But the fact that earnings are reported after the fact, and 4Q always well after the fact, makes people confused as to what to expect on earnings releases. I think this upcoming earnings report is the last one with bad (comparatively) revenue numbers, since we were CLOSED for this period, and the future looks bright after this release. maybe that is why people are buying the last two days. I don't know. Maybe because they know all signs for the FUTURE look up from here, so they want in as the bad news is flushed out and the good news becomes the present instead of just some future fantasy. We ARE open, not going ot be open, in Toronto X 3, Tempe (With ASU open) Tucson (With UA open) and Chicago. Gueph is shortly to open, as they started training staff on September 22 as others have pointed out. The future is HERE, after this report. But this report will not show cafes open, nor high revenue. Don't be disappointed when the report doesn't show the revenue you want it to, since it is from APRIL - JUNE, when Toronto, Chicago and Tucson were CLOSED.
He's way off on inflation though. Using this thoughts, yes BTC would be high, but a loaf of bread would cost $240. That's why his number is sto high.
"Imagine, it is the year 2061. The BTC price is six million US dollars – equal to about a million 2021 dollars because of inflation. "
He is saying 6100% inflation (Not price of BTC> Inflation. Comparing 2061 to 2021 dollars) in 40 years. Way too high. So he is inflating EVERYTHING , not just BTC.
Of course, I myself think the dollar will COLLAPSE before then, in part due to the stupid things our government is doing right now to divide us and to cause yes much higher inflation. The dollar may be doomed. IN which case, he might be right, but for different reasons.
Coming to a stock we know and love very soon?
Nah. NOt to this extent. But still, China is a major negative for us in numerous ways. totally banned crypto, period. Won't happen here, but still I see some tightening and negative things happening in the near future. Hope I am wrong.
"Shares of crypto asset manager and trading firm Huobi Tech (1611.HK), an affiliate of Huobi Global, one of the world's largest exchanges, fell more than 30% after the opening bell."
That was me. I bought 18,303 shares at $.1521. Of the 27K traded today.
But be forewarned. When I buy a stock, sometimes that is the kiss of death for it. Then, I sell later at a loss and it goes back up again. HA.
" it's understandable if Market places a ton of salt in what any private investor chooses to share or withhold in a public forum such as this one."
Every single person here is a "private" investor in the company. You make it sound like someone who invested with financing a location is a bad person for doing it. Or that the person who is invested in the company should not post because ... he invested in the company. That makes no sense. LOL.
So only people who do NOT invest in the company as shareholders or debtholders converting into shareholders should post? YOu and others who don't own any hares are allowed to post, because we can believe your posts, but people who put their money into the company should not be trusted?
HOw does THAT make sense?
"Hard to believe the 2021 Audit is due in 2 weeks"
The 2021 Audit is not "due". This is a pink sheet stock, and NO audit is "due". Financials are due, but sorry, no audit is "due".
Yep. Like GHMP too. Not good luck lately on my picks. COIN also took a hickey the last few weeks. Although I'm about even on that one.
0 for 2 and 1 even. Not good lately. Was hoping one of the three of my 2021 buys would pop for me. Maybe by the end of the year ....
SLowly. Dying. Here.
Down 50% and more, and the bid and ask both just keep dropping. Just since June. 16 cents to 7 cents, and today still falling on bid and ask both.
Yes, Tempe was the first location in the USA to open for this company. Tucson and Chicago have also recently opened, and I am still hoping for Denver and Fort Collins to follow in the next few years, plus some other locations that they haven't told anyone about as of yet.
I was a little concerned my $285 calls might come into play. But they expired. Again. Another weekly dividend.
"JR do not worry about the stock price at this time"
And yet it goes down another 20% since you wrote this, just a week ago.
It may eventually go up, but if it drops so much that the "rise" puts it back where it was a month ago that doesn't help us much.
Why are we backtracking THIS time, if all is so well with the company and no one is bashing it? ANy thoughts why we are hitting lows like this?