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Agree, and they have until March 31, 2020 to decide R/S or R/Merger! If they raise the IPO capital we may see a press release confirming the Nasdaq uplist filing and that will drive it home for sure. Also the IPO was limited to Acredited Investors only and that alone should attract some whales.
GLTU,
BP
Lakota, having trouble with link...
Also welcome to the board gempicker...
gem, I don't have a definitive answer but here is what I have found out so far. WDLF got my attention when I noticed this filing by Leslie Bocskor on 02/12/2019. Why did he invest $360,000 of Electrum partners in a private firm Social Life Network, which owns and trades under the ticker WDLF (Mjlink) https://www.sec.gov/Archives/edgar/data/1281984/000121390019002245/xslF345X02/ownership.xml
Then I found the Mjlink IPO offering to raise $5 million to uplist to the Nasdaq! https://www.mjlink.com/home/invest-in-mjlink
But, this May 8-K shows WDLF increasing the AS to 10 Billion and approving an reverse stock split if needed before 03/31/21. IMO, I'm thinking more of a reverse merger to uplist.
https://www.sec.gov/Archives/edgar/data/1281984/000147793220002474/wdlf_8k.htm
Now looking ahead we see the current 10-Q August 14th, 2020 showing about $900,000 in Note debt payed down to $280,000. Im guessing WDLF may be paid down to $150,000 - $200,000 of of today.
Now look at Tangiers Global LLC filings on May 23, 2020 getting involved with WDLF (Social Life Network), INQD (Indoor Harvest) and STWC Holdings. Coincidence, all three are selling shares for what?
I'm not sure if all three are rolling up into WDLF to uplist to the Nasdaq, however it's starting to look obvious to me. https://www.sec.gov/cgi-bin/srch-edgar?text=TANGIERS+GLOBAL%2C+LLC&first=2020&last=2020
Just covering myself with WDLF and JMHO
Links for review https://investorshub.advfn.com/boards/board.aspx?board_id=6594
What are your thoughts on a first scenario?...
If buyout cash some in on your 2000% gains, however I would think they keep going on their own and the pps could go much higher in the future. JMO
GLTU,
BP
AABB good to go according to the SEC, FAKE RUMORS!
SEC does not investigate FAKE RUMORS!...
More FAKE NEWS! all complaints come to the SEC..
Agree Gabriel, the SEC is fully onboard!...
I agree jaiguruji, .25 - .50 can easily happen soon!...
I'm expecting news on the outcome of this IPO https://www.mjlink.com/home/invest-in-mjlink
No chirps yet, but regardless of LB's response we could march higher if any leaks to the MM's of news imminent! Either way, we fish if it goes down or we slap the ask out of it if we run back up!
GLTU,
BP
Agree jaiguruji, too much happening and ready to BLOW!
Thanks Gabriel, 37 for you! and tired of FAKE NEWS! Here is...
REAL NEWS!
https://www.otcmarkets.com/stock/AABB/news/AABB---Asia-Metals-Upgrades-Annual-Gross-Profit-Target-To-14M-With-Historic-High-Third-Quarter-Production?id=274821
Give me a better reason to sell and I will, not FAKE NEWS!
Lots of false rumors "FAKE NEWS" with no links!
Facts only, lets see your attorney's letter..LOL
Attorney's conclusion from a factual Law office! https://backend.otcmarkets.com/otcapi/company/financial-report/251564/content
Still a buy at .0042... https://www.barchart.com/stocks/quotes/AABB/overview
Risk Factor minimal! Look at the facts and don't let them get your shares! We have come a long ways and soon will be running hard!
Loading the dips,
GLTU,
BP
We have come a long ways in one year and passed all expectations! https://www.goldmanresearch.com/201909041251/Opportunity-Research/fast-growing-profitable-very-undervalued-resource-play.html
https://microcapdaily.com/the-exciting-story-of-asia-broadband-inc-otcmkts-aabb/126397/
Lakota, going to pot and the munchies will be kicking in soon at .001...lol
I expect huge volume for a solid reversal and we ain't there yet, however news can expedite it!
Munching down big time next week!
Have a great weekend,
BP
Yep, be safe and have a great weekend...
The August 14th 10Q shows they had an original balance of $900,000 owed from the notes and it was paid down to $280,000. I'm thinking we still have around $200,000 to go, but could eat up a lot of shares at .0002. Hopefully we get an press release updating the progress so we can get above .001, much less dilution to clear out the balance at that pps.
Thanks for your help,
BP
Sounds good...
Welcome to the board tothe!...
Back in 2019 they formed and carry some clout with Institutional Investors. I hope this is a deal on the side to buy in...
MM (OTCX) just jumped up front to sell 7 mill at .002 and then retreats to .0045. I hope this is the last of the deal!
GLTU,
BP
Hmmm, MM (GTSM) leading the Pac, ---This is a newly formed market maker, that most have not noticed.
What makes them special is, they have institution clients in addition to OTC clients... camouflage for the whales.
H_dog_taco Friday, 06/14/19 10:40:06 AM
Re: None 0
Post #
4104
of 4904
GTSM---This is a newly formed market maker, that most have not noticed.
What makes them special is, they have institution clients in addition to OTC clients... camouflage for the whales.
10 mill bid at .20, the marriage continues!...
Flicker, WDLF and INQD both have Leslie Bocskor involved. Both company's have notes to pay down. Both have huge potential if they come through. If you look at the WDLF financials you will see they borrowed about $900,000 and as of August 14, 2020 they have it dow to an $280,000 balance. Fast forward to September 22, and my guess would be about $200,000 or less now. If we get an update on Social Life Network's plans on uplifting to the Nasdaq, we should get a good run and I would think the note holder can clear out easily at .0015 to .005 Im covering myself incase there is a connection with the Indoor Harvest/Fincann merger. Also they said the IPO was to raise funds to uplist to the Nasdaq and that alone should give it a good run.
GLTU,
BP
14 Million target for gross profit! AABB - Asia Metals Upgrades Annual Gross Profit Target To $14M With Historic High Third Quarter Production
Today 8:30 AM ET (GlobeNewswire)Print
Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the Company is in the process of scheduling, finalizing and booking the production and financial results for the upcoming third quarter ending September 30, 2020, with the expectation of recording a historic high quarter. Utilizing the new production facilities that began operating early this year, Q3 will be the first full quarter of production to capitalize on the new higher daily throughput levels and metals extraction efficiencies. AABB is anticipating a three-fold increase in gold production levels in 2020 from the Company's added operational capacity.
Furthermore, recent economic conditions have created strong and unprecedented fundamentals for gold producer equities. The economic volatility, uncertainty and inflationary effects of the Coronavirus pandemic have launched gold and gold producers into a significant growth phase. Additionally, the recent decline of the oil market has elevated the gold-to-oil ratio to all time highs indicating lower production costs and increased profit margins for gold producers. Based on the preliminary results being finalized for the 3 quarter of 2020, AABB is updating its annual gross profit budget and is projecting it to exceed $14 million in 2020.
Sorry, disregard last post! wrong board...
14 Million Gross Profit target! Long and strong!
GLTU,
BP
AABB - Asia Metals Upgrades Annual Gross Profit Target To $14M With Historic High Third Quarter Production
Today 8:30 AM ET (GlobeNewswire)Print
Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the Company is in the process of scheduling, finalizing and booking the production and financial results for the upcoming third quarter ending September 30, 2020, with the expectation of recording a historic high quarter. Utilizing the new production facilities that began operating early this year, Q3 will be the first full quarter of production to capitalize on the new higher daily throughput levels and metals extraction efficiencies. AABB is anticipating a three-fold increase in gold production levels in 2020 from the Company's added operational capacity.
Furthermore, recent economic conditions have created strong and unprecedented fundamentals for gold producer equities. The economic volatility, uncertainty and inflationary effects of the Coronavirus pandemic have launched gold and gold producers into a significant growth phase. Additionally, the recent decline of the oil market has elevated the gold-to-oil ratio to all time highs indicating lower production costs and increased profit margins for gold producers. Based on the preliminary results being finalized for the 3 quarter of 2020, AABB is updating its annual gross profit budget and is projecting it to exceed $14 million in 2020.
Thanks getmoreshares, great news!....
Awesome News! AABB - Asia Metals Upgrades Annual Gross Profit Target To $14M With Historic High Third Quarter Production
Today 8:30 AM ET (GlobeNewswire)Print
Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the Company is in the process of scheduling, finalizing and booking the production and financial results for the upcoming third quarter ending September 30, 2020, with the expectation of recording a historic high quarter. Utilizing the new production facilities that began operating early this year, Q3 will be the first full quarter of production to capitalize on the new higher daily throughput levels and metals extraction efficiencies. AABB is anticipating a three-fold increase in gold production levels in 2020 from the Company's added operational capacity.
Furthermore, recent economic conditions have created strong and unprecedented fundamentals for gold producer equities. The economic volatility, uncertainty and inflationary effects of the Coronavirus pandemic have launched gold and gold producers into a significant growth phase. Additionally, the recent decline of the oil market has elevated the gold-to-oil ratio to all time highs indicating lower production costs and increased profit margins for gold producers. Based on the preliminary results being finalized for the 3 quarter of 2020, AABB is updating its annual gross profit budget and is projecting it to exceed $14 million in 2020.
This is great news everyone, drill rig shipping and extending warrants!https://www.zionoil.com/updates/press-release-september-21-2020-zion-oil-gas-drilling-rig-set-to-depart-for-israel/
Meant Leslie Bocskor (Electrum Partners)....
Great news, thanks Backstabbed!
BusinessWire, GlobeNewswire and PR Newswire News
Verus International Inc VRUS:OTCQB
VERUS INTERNATIONAL REPORTS RECORD THIRD QUARTER RESULTS
GlobeNewswire
5:09 PM ET
Verus International, Inc. ("Verus" or the "Company") (OTCQB: VRUS) reported record results for its third fiscal quarter ended July 31, 2020. In conjunction with this release, the Company is also providing additional details on significant business developments occurring subsequent to its quarter end.
For fiscal Q3 2020, management is noting the following items of importance:
-- Revenue achieved an all-time 3rd quarter record, reaching $6.2 million, an increase of 78% over the $3.5 million reported in Q3 2019;
-- Q3 revenue marked the Company's 9 consecutive quarter of double- or triple-digit year-over-year revenue growth;
-- The global pandemic continued to impact suppliers, customers and transport during Q3, but did show gradual improvement during the quarter;
-- Gross profit margin was 14.8%, 60 basis points higher than the 14.2% reported in Q3 2019;
-- Operating loss of $0.3 million improved significantly, declining from $1.3 million in Q3 2019, a 79% year-over-year improvement;
"The retail recovery in our markets was a little choppier than we anticipated during Q3, but we were pleased to improve our revenue both on a sequential and year-over-year basis," explained Verus CEO Anshu Bhatnagar. "We faced downward uncertainties in all of our markets and had some delays late in the quarter, but still generated 78% revenue growth, extending our streak of double- or triple-digit revenue growth into its third year. We believe we have a great line up in place to carry our positive growth trend into 2021."
On a forward basis, the Company is providing the following update and guidance:
-- The Big League Foods ("BLF") division expects to have product in four chains, T.J. Maxx, Marshalls, Meijer and Big Five Sporting Goods in October 2020;
-- The newly acquired Eliot's Nut Butters is already preparing for a product line expansion;
-- National Hockey League ("NHL") candy products are in development, with an in-store target to coincide with the start of the NHL season during December 2020;
-- The Pachyderm Labs division is now 44 products strong with an initial wholesale distribution launch through 20 distribution warehouses across 6 states;
-- Verus reduced its convertible debt by approximately 50% from approximately $1.3 million at the end of Q3 2020 to approximately $0.6 million as of September 18, 2020; and
-- The Company completed its authorized equity funding under its effective S-1 with White Lion Capital.
"We made a conscious effort to become more U.S.-centric in our sales efforts this quarter, based on better margins and opportunities for growth in our domestic lines," said CEO Bhatnagar. "We also made some tough decisions in terms of our debt and financing activities, which we will describe in detail during our earnings call. Simply put, we took a series of actions designed to immediately reduce our cash burn, increase our working capital, and put us in a position to gain commercial credit. Our goal is to end our reliance on the kind of convertible debt treadmill that left us with a chronic shortage of working capital in the past. We have th e best product line in our history and believe that our way back will be paved via increased growth, so that is our goal through the remainder of 2020."
Financial Results and Corporate Update Conference Call
Verus management will host a conference call for analysts and investors on Tuesday, September 22, 2020 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss the Company's financial results and provide a corporate update.
To listen to the live conference call, parties should connect approximately 15 minutes prior to the start of the call as follows:
-- Dial-in number: (877) 269-7756
Please note there is no access code required to join the call.
A live and archived webcast of the conference call will be accessible on the "Investor Relations" section of the Company's website at www.verusfoods.com. To access the live webcast, pl ease log in 15 minutes prior to the start of the call to download and install any necessary audio software.
About Verus International
Verus is a global, emerging multi-line consumer packaged goods (CPG) company developing branded product lines in the U.S. and on a global basis. The Company trades on the OTC market (OTCQB: VRUS). Investors can find real-time quotes and market information for the Company on www.otcmarkets.com. Additional information is also available at the Company's website, www.verusfoods.com, the Eliot's Adult Nut Butters website, www.eliotsnutbutters.com; and via the official Twitter feed @Verus_Foods, the Big League Foods subsidiary Twitter feed @BigLeagueFoods and the Pachyderm Labs subsidiary Twitter feed @PachydermLabs.
Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statement s speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or r evise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Contacts
Investor Contact:
MKR Group Inc.
Todd Kehrli or Mark Forney
vrus@mkr-group.com