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Bids are getting stronger and stronger. Even VNDM is competing for shares on the bids.
VNDM is no longer an issue. We all know he only got a few more million shares left at most. He's been the only one selling as us retailers know where SVTE is going once he's taken out.
I expect the last 5 minutes of trading to go wild.
Big bids moving up, putting pressure on VNDM.
Once VNDM is taken out, people would no longer be able to buy in the low .002s anymore.
You're correct bud. If it weren't for VNDM to show up, STVE should be trading in the .005s to .007s right now. We all know VNDM has a limited amount of shares this time. So I take this as a last opportunity to accumulate shares in the .002s.
There are way more than enough money on the bids for VNDM to unload all of his shares today and be done with it if he wants too.
No problem Rhew.
There are 20M shares on the bid if VNDM wants to unload.
At least we can now see the light at the end of the tunnel.
Hi Steve,
The CEO and I did talk at length about both SVTE and MCV on the phone today.
MCV currently generates about $2 million in revenues annually. MCV has 5 crews, each consists of 5 to 6 employees for a total of 27 employees. MCV has contracts with several schools and churches where its employees perform construction and maintenance work for them.
SVTE has 34 employees and generates about $3 million in revenues annually.
Both companies generate a combined $5 million in revenues annually.
Note that these numbers are for 12 months ending 8/31/2016. We are currently in the first quarter of 2017 which ends on 11/30/2016.
You can refer to the PR released on 7/21/2016 for more info:
Service Team Completes the Purchase of MCV Companies, Inc
Accesswire AccesswireJuly 21, 2016
Service Team Inc. Reports Record Sales
VILLA PARK, CA / ACCESSWIRE / July 21, 2016 / Service Team, Inc. (OTC Pink: SVTE, "Service Team") is pleased to announce the filing of its quarterly report for the period ending May 31, 2016.
The Company achieved record sales of $947,796 for the quarter ending 5-31-2016 compared with $664,454 for the same quarter last year. We look forward to continued growth throughout the year.
Robert Cashman, President of Service Team stated: "I am pleased to announce that we have completed the acquisition of MCV Companies, Inc. ("MCV"). MCV will become a wholly owned subsidiary of Service Team, Inc. The acquisition was funded with a combination of cash and stock. This is the first of several acquisitions that Service Team, Inc. is currently negotiating."
Service Team will report combined revenues of approximately $5,000,000 in its financial statements for its fiscal year ended 8-31-2016, compared to gross revenues of $2,611,766 for its fiscal year ended 8.31.2015.
https://finance.yahoo.com/news/team-completes-purchase-mcv-companies-212400784.html
Highlights from conversation with the Bob (the CEO):
1) The 10-K report is being audited by the Accounting Firm to include the MCV acquisition. The Accounting Firm employees from Houston, TX are currently on site doing their work. It will be released as soon as it's done or by the first part of December the latest. Revenues are confirmed to be around $5,000,000.00 with cash flow positive.
2) SVTE has 34 employees and MCV has 27 employees. There are currently 61 full-time employees total.
3) The $38,500 note that was supposed to be due on November 25, 2016 has been paid off. The noteholder converted his last portion of the note yesterday for 21M shares. This is the last note for this year.
The 2 remaining notes that will be due in May, 2017 will be paid off in cash before they become due. The company will never engage in this kind of toxic financing ever again.
4) The company recently moved to a larger facility to accommodate expansion.
5) The O/S now is 239M shares. This should be it.
All in all, it was an open and honest conversation I had with the CEO.
Just got off the phone with the CEO.
I write the report in a few minutes.
Once the news are released, I expect SVTE to run several hundred percentage points in a single trading day.
People are already losing money on those weed and shipping pump plays. They are all hype tickers with bloated share structures and most importantly they have no revenues to show for it. SVTE on the other hand generate $5 million in revenues with cash flow positives and magnificent share structure. That's why I consider SVTE to be a low risk, high reward investment.
What SVTE is lacking right now is investor awareness. Once the news are released, that will change instantly. Therefore, now is a great time to accumulate more shares before the masses arrive.
SVTE Due Diligence:
1) Excellent share structure.
2) O/S = 217 Million Shares.
3) A/S = 500 Million Shares.
4) Low Market Cap (only ~ $800,000) at .004 share price. (Trading at 1/7 of revenues).
5) Zero debt convertibles.
6) 2016 revenue forecasts ~ $5,000,000 (With 10-K report will be released any day now).
7) Year over year revenue growth.
Summary Annual Revenues
Expected 2016 = $ 5.0 mln ( 92% increase over 2015)
10K 2015 = $2.6 mln ( 100% increase over 2014)
10K 2014 = $1.3 mln ( 30% increase over 2013)
8) Cash flow positives.
9) Expansion via acquisitions to increase revenues.
10) Real company with real facility that employs over 34 employees.
If it's done, we should see the 10-K report tonight or tomorrow.
That's an increase of 10M shares from last report.
Can't wait to see the 10-K report.
VNDM is back on the ask.
Stack the bids, smack the asks is the way to go folks.
Slow and steady wins the race.
Once the Presidential coverage dies down, MJ coverage will be in focus.
Financial Markets are roaring back after last night's selloffs. The Dow Jones went from -850 points to +150 points now. That's a swing of 1000 points.
O/S Unchanged.
It's important to understand that, unlike many MJ investments, SGBY doesn't depend on the Cali vote passing to start making money in the state of California and when it does pass, they dont have to wait until 2018 for legalization to take effect. They are already making $$$ with the 1300 paying customers they added this week in the largest state... along with 95% of the smaller, but growing Oregon market that they have secured.
We are still in the infancy of this mega Marijuana growth trend. Out of all the MJ pennies that will survive long term, SGBY has some of the best odds imo, because the Government will FORCE businesses to them... They aren't just another MJ penny trying to compete with a new edible, or trying to sell low margin lighting equipment, etc. This is the area of the sector that all other MJ companies will HAVE TO include as an ONGOING expense, regardless if their products fail long term or not.
During the gold rush, the people that sold the picks and shovels made the most money, because you needed these tools to get to the gold. It didn't even matter if you found gold, you needed these tools regardless... and per a law that has ALREADY passed, thousand of business will require testing on each and every pound of MJ grown and on EVERY batch of edible produced. Some MJ bakeries will produce several batches of pastries per day and per the law, each and every one needs to be tested by an INDEPENDENT ACCREDITED LABORATORY... Currently, only 5% of edibles are being tested... Marijuana is the new Cali gold rush and SGBY is bringing the shovels.
The business they acquired today (their 5th lab, 1st in Cali) is 100% legit, look it up, they have 1,300 customers and are growing rapidly in the biggest MJ market... as the masses gain comprehension of their unique business plan and the regulations taking effect, this stock will be one of the the most popular MJ plays imo...
Signal Bay Looks to Become the Quest Diagnostics of Legal Cannabis Testing: http://www.prnewswire.com/news-releases/signal-bay-looks-to-become-the-quest-diagnostics-of-legal-cannabis-testing-598334041.html
Signal Bay Makes First Cannabis Testing Lab Purchase in California: http://finance.yahoo.com/news/signal-bay-makes-first-cannabis-110000401.html
Go SGBY
Yes. Make him pay higher like yesterday.
ASCM is a short.
The CEO is genius. Instead of borrowing money from the toxic financiers at a 70% discounted convertible rate, he loaned his own money at ZERO %.
Current Market Cap = 813M shares x .04 = ~$32M.
Looks like there's a new sheriff in town. His name is GLED. Is he a new dilutor? I've never seen him before. Next week will tell.
Uplist plus 17 more lab acquisitions in California just to name a few.
NEWS: Signal Bay Makes First Cannabis Testing Lab Purchase in California
GlobeNewswire•November 1, 2016
Yuba City, California, Nov. 01, 2016 (GLOBE NEWSWIRE) -- Signal Bay, Inc. (OTC PINK: SGBY) the market leader in cannabis testing and laboratory services announced today the completion of the purchase of Green Style Analytics Lab in Yuba City, California. This acquisition brings the total number of labs now operating under the EVIO Labs brand to five.
CEO William Waldrop stated, "We are very proud to announce the first of many EVIO Lab locations in the state of California. Green Style Analytics Lab currently services around 1300 accounts throughout Northern California including Humboldt, Trinity and Shasta counties to the north and Placer, Calaveras and Sacramento counties to the south. Founder Catherine Emond and her team have done a tremendous job building relationships with cultivators, processors and dispensaries throughout the region. Founded in 2010, the longevity and sizable client base are both testaments to their efforts in growing the business to date.”
Located one hour north of Sacramento and a little over four hours from our Medford, Oregon location, we know that this new lab provides a strategic position to build out our EVIO Labs spoke & hub throughout California. With the addition of Green Style Analytics, we now have 31 team members working hard to grow EVIO Labs.”
Mr. Waldrop continued, "The California Prop 64 vote is next week and currently polling at over 60% on the Yes side and with the AB266 legislation in place. The timing could not be more favorable for us to enter the California cannabis marketplace.”
Mr. Waldrop also stated, "We would like to thank everyone involved with making this acquisition a success.”
About Signal Bay, Inc.: Signal Bay, Inc. is the Oregon-based Life Sciences company. Through its three subsidiaries: Signal Bay Research, Signal Bay Services and EVIO Labs; the Company provides research, consulting services, and analytical testing services to the legal cannabis industry. The Company's EVIO Labs division operates state-of-the-art testing facilities and offers accredited testing methodologies performed by a qualified team of scientists to ensure the safety and quality of the nation's cannabis supply. Learn more at http://SignalBay.com or the company can be reached directly @ 1-888-544-EVIO.
The reason why SGBY still stays under many people's radar is because its name doesn't have the word "Marijuana" in it. That's why many people just jump on the empty MJ companies "P & D" bandwagon without realizing the companies have nothing to offer. The next couple months will see a lot of folks cry out loud loosing their money investing in those companies just like what happened a couple years ago.
SGBY on the other hand will thrive and prosper in the MJ industry as it's a real company with real assets, testing labs are generating revenues and operating in the most profitable sector within the MJ industry.
Real company like SGBY will thrive while the fake companies will vanish. The overall picture of the MJ industry will get clearer at the beginning of next year.