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We could easily hit .20 to .30 if we close the acquisition at the end of the month. That could bring 1M+ per day volume easily. This stock, for whatever reason, is still way under the radar.
It will depend what tier device this falls under. I don't have a medical background so we will have to wait to hear that from the company.
Its cheaper and quicker to gain access into the Indian market for sure. I will be curious to hear what the plan is from the company. I believe the cbd extractor should be much quicker to get to market.
ASKH for the Xmas miracle...
Cmon Richards its time
It takes quite a while to get approval from the FDA on a medical device (my guess is 5 to 7 years). Hopefully, the can get the extraction machine to market much quicker and begin to cash flow.
The date is at the top of the PR. Its not from the company but it shows you size of the marketplace they are about to enter. I'm sure it will take years before the product would be ready to come to market but the upside is quite large.
Still very thin...any volume and this could easily go to .10
I'm willing to bet the market would look very favorably at the acquisition if both parties can work a deal...time will tell.
It doesn't matter if they scoop poop off the sidewalk. 6M is 6M.
I could see .30 cents if they close on the Prakat Solutions deal. Depending on the terms of the deal.
Mark probably will probably have lost all of his hair after this ordeal. May not be that far off....
Hopefully, we hear something soon...
Wes
Any info on timeframe for Elite IPO?
Thanks
Mark will have wasted 5 years of his life messing with this if .10 is all he gets out of it.,
Lmao!
If the reverse merger goes through they should have 8M on the books for next year. If they get the extractor machine built and start taking pre orders next year it could get insane.
Hope everyone has a fantastic Thanksgiving. ASKH.
Ask is very thin...
It used to be on the nantongventures site that is no longer up. If I can find it I will post it. Its been verified in the past.
If they can build the cbd extraction machine and it produces like they claim, then yes.
Yes sir!
Yup...the next couple weeks it should get interesting.
Great buy then...hopefully more volume continues.
They can bid whatever they want, it doesnt mean they will get filled at that price. If they do, good for them. It just puts the shares into stronger hands.
Lol...it means someone wants shares which is a good thing.
600,000 shares on the bid.
Nice bid sitting there...
Bonar and crew definitely arent pumping this...lol. I suppose if they actually close on the deal then that will be included the details. 2020 should be pretty big.
Wow SPM...nice find. You would think they would have included some of those details in the PR. They have a profile on Hoovers that states 4.5M but that could be an old figure. Looks like a really good move to bring in some solid revs. Im really curious how he is planning on structuring this deal.
Nobodys selling...
Lol yes he is...
This move has me a bit puzzled but I would like to see how this incorporates into the bigger picture. I'm curious if the company will clarify as it seems they have a lot of different moving pieces.
Yup. Really hoping they got a few more customers inked up and we havent heard about it yet....time will tell.
This was also from that March PR and we have heard nothing further on the progress:
Additionally, the company is in final negotiations and qualification processes with five additional multinational companies. If successful, the sales backlog would exceed $10 million in fiscal year 2019.
Seems like it takes 6 to 7 months for the revs to come in after they announced they received POs. The 100k PO announced last November showed up on the books sometime in June. They announced in March that they had received additional POs from the same client and forecasted over 2M from that clients. Im just speculating but there is a good chance this additional revenue doesnt hit until 4th quarter.
3 weeks to load up some more...
It will be real interesting to see what the audited fins look like. Would love to see 1M+.
Not much downside....lol
Someone needed to free up some cash. Nice bid sitting out there....