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I hear ya Dog.
Definitely weird. Most boards would die to have a stock hold its gains like this and have a chart like this. People would be screaming from the rafters.
I’ll let them stay quiet as long as they keep buying lol
I’d rather have people buying it then talking about it. Talk is cheap. People putting green in speaks volumes without saying a word.
A good week don't you think Dog?
Nice steady accumulation. Held its gains. More shares in hands of people who know what's going on at higher prices. This week's volume was 124,329 for ave/day of 24,865/day. That's the most for a week without a press release or trading in April 2022 when some rumors must have been around. There is a ton more liquidity as the stock has gone from $.19-$.77 -like $19,000/day.
Must have something brewing to have this support.
Hey, kit....nice to see you. I think we have your partner on here already Kat. Always good to see a new face.
K is due end of month. My guess is we should hear something soon
Wait.....how could that offer of 200,000 be taken out? I heard someone say that there were zero buyers in this stock. How could an offer be taken out and printed if no one bought it?
Strange isn't it?
1. On March 8- 250,000 sell into a 250,000 share bid @.031
2. On March 9 claim manipulation that the bid is weak and no buyer to goad people to take the rest of the block.
3. On March 10 put 200,000 at ask @$.03 to see if your goading worked.
4. Get filled in 40 minutes
Another example of someone pretending to look out for you but really manipulating things for his trading benefit.
Probably bought at the $.02 dip and made $4,500 at most on the trade. Will be back bashing when wants to buy.
IHUB 101
Tic Tok, Tic Tok
Now we know why someone complaining about the low bid. If you want to sell 200,000 this is a free market enterprise just put them on the offer don’t claim manipulation because they aren’t giving you your price. You sold 250,000 at .031 at bid and will sell the remaining 200,000 at .03.
Semantics. What date did Mike O’Shea take over the shell what was the price? Yes O’Shea took over the UDHI shell but you are not giving him credit for the price he took over but when he changed the name? Funny
Actually went from $.006 to .17 but why look at facts. And now $.17 to .03. I’d still think you’d be happy if you bought.
Slow accumulation on the ask just like last time. Tight spread. Held .70 nice. Just a waiting game now.
I won’t get stuck…I follow Joey Buxx lol
Agreed. Saved 50% dilution pricing yesterday. Shrewd. Nice double test of $1. Came back strong.
Qtr should be interesting
Welcome back. IMHO a good buy. Time will tell.
Agreed. That was my point. Hopefully we hear something soon
Not many people here. The volume increase was insane.
Me too.
Agreed on all points Dog-
I like the fact that $XCRT only has advisors and zero employees. They only do well when the company does well and all of the invested funds can go into the projects (which are ALL draining capital right now) not people. It's just a matter of time IMHO
Light the fuse.....walk away. BOOM.
Agreed.
I think AfiyaSassa first before the Earth Science news (sorry Kat just my hunch).
That was just acquired and look how long before something active (other than patent filings) happened with HS Pharma. I think it will eventually bear fruit but it's retail and takes more time. They did bring in those two cosmetic people (Tara Cohen and Fabian Uriquijo) so something is happening.
Why do I think AfiyaSassa? These statements- The language was translated into Swahili. They said 2nd qtr. 2023. Here is the quote from the CEO update "Thanks to the continued efforts of Dr. Elegalla and his team in Tanzania, the software for the AfiyaSasa program has been translated to Swahili and the end user apps are nearly complete. We anticipate being able to go live with the program by Q2 of this year."
https://www.otcmarkets.com/stock/XCRT/news/Xcelerate-Inc-Releases-Message-from-CEO?id=385239
That's 4 weeks away. Be early, Mike. Light the fuse I'm ready. Let's go!!!!!!!! Solidily in those $.02s and ready to bounce. What? Sorry? We aren't in the $.02s? HMMM, I must be reading the wrong people.
No problem. I have the data available. May as well share it.
I agree with your evaluation fully- 100%. We shall see. I hope he spent money on good attorneys too but I have a feeling he didn't. Scramble mode.
For the first time ever I hope the CEO of a company reads this Board. IBB this is SPOT ON and my thoughts exactly. I hope he realizes the strength he has in this credit market and the fact that guaranteed income is crucial to the resort at this time. It allows budgeting.
IBB
It has not been the norm for the past 2 months.
It was for November and December. Regularly in the mid $.02s bids for a million shares would go up. Some times it would be hit all that day-sometimes it would take 10 days to take out.
November volume- 5,142,826- Nove 1-10- traded 2 million shares 500,000 and 600,000 share days
December volume- 5,684,000- December 5th 1,038,322 volume in 1 day.
October (2.8 million volume) and January (1.7 million volume did not have those big bids up. (Feb 1 million with 300,000 shares traded on Feb 28th)
In November and December volume was before the default announced in 8K on December 8th but still big bids. They disappear Jan and Feb and back now.
Just giving you the exact numbers. Honestly, I don't make any judgment of what it means until we know that the default is settled.
Gr8 minds think alike lol.
Pretty simple evaluation-
Here is where we are-
1) ALTD has a default letter regarding the $15 bridge loan and a letter saying they are negotiating to clear it up.
2) PIP money being spent on upgrading the property.
We have no idea what the final result is
There could be three options-
1) Default occurs and Feexix takes over. They are not going to operate the Academies and the Academies provide up to $1.5 of revenue to the facility
2) Altitude comes current on the note but they have to raise money for that.
3) They come to an agreement where Feenix gets more of the revenues from Hospitality and give Altitude the ability to grow Academy and share in the revenue they create.
IMHO and evaluation I really think the only option is 3. Default is extreme and they both need each other. The guaranteed revenue of the Academies is important, especially during this time of renovation. You read the reviews. The place needs money put into it. It's getting that but why would you turn away $1.5 million of guaranteed revenue during this transition?
But the unknown is a killer right now. We are all in the dark. I will say the fact that $ATLX is doing so well (up to $15 today) bodes well if EF Hutton is still interested in doing the S-1. I have t hat one on watch.
Agree with your opinion Dog.
Hitting again today but that's to be expected. People are waking up seeing their investment worth something after 2 years or 3 yrs or 5 yrs.
Holding up pretty well and if there is a follow-up announcement it goes off a much higher base.
C 2 Da E I'm sure will read it even though I didn't directly respond to him lol
Some big bids and whacks today. See what tomorrow brings.
Ask RJ.....sounds like a good name for a podcast.
This filing of the shares that were granted to Feenix in the $15,000,000 financing. The Holder GT Partner Private Credit Fund is filing that they are a registered investment advisor- (Note 6) https://www.otcmarkets.com/filing/html?id=16394543&guid=ju4-kHGQCbrwQth
"GT Investment Parnters, LP is a registered investment adviser with the Securities and Exchange Commission and serves as the investment manager to GT Partners Private Credit Fund I, LP and various other private funds, (the "Funds"). Mr. Jeffrey Willardson, Mr. Scott Warner, and Mr. Mark Fox, as Managing Partners of GT Investment Partners, LP, with the power to exercise investment and voting discretion, may be deemed to be the beneficial owners of all shares of Common Stock held by the Funds. Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, as amended, the Funds expressly disclaims beneficial ownership over any of the securities reported in this statement, and the filing of this statement shall not be construed as an admission that the Fund is the beneficial owner of any of the securities reported herein.
They are listing the people who could be deemed a control person on this. Since it's over 5% they are restricted under 144. So if any of these people buy or sell they have to disclose.
Basically SEC paperwork for people over 5% and identifying the individuals involved. This avoids people hiding in Partnerships from declaring a non-control affiliate.
I agree the only ones winning is the attorneys but I do think with the credit markets the way they are they should be willing to work out a deal. No one wants $80 of a bad loan on the books. I don't care if you are a REIT.
The only other good sign is the work being done so the money is being released, but the longer this goes the worst it is. I fully agree with that. We need to HEAR something about the status. Shareholders definitely deserve to know the status and the longer it's quiet the more risk.
Agreed. I Like being under radar.
Get out of the muck….follow Joey Buxx.
You could be right but there has been selling consistently on this stock. It’s not new that’s for sure. Maybe there’s a reason now.
Dog you are right. People quiet on this board.
Looked at 3 month chart since these guys took over.
Reminds me of a song, “Stairway to Heaven”
Nice support here. Something coming?
Spent the weekend basically working on catch- up. Personal bills and insurance, taxes, and some DD time. Sort of a work weekend but my work stuff- not work work stuff.
Found something interesting. It could be something, could be nothing.
Looks like EF Hutton just closed one of those S-1 to list on NASDAQ-
https://www.otcmarkets.com/stock/ATLX/news/Atlas-Lithium-Corporation-Announces-Pricing-of-405-Million-Underwritten-Public-Offering-and-Nasdaq-Listing?id=385770
Some interesting tidbits from the announcement-
"EF Hutton, division of Benchmark Investments, LLC, is acting as sole book-running manager for the offering."
Also look at the IR firm-
Contact:
Greg Falesnik or Brooks Hamilton
MZ Group - MZ North America
+1 (949) 546-6326
https://www.otcmarkets.com/stock/ATLX/news/ATLAS-LITHIUM-ENGAGES-MZ-GROUP-TO-LEAD-STRATEGIC-INVESTOR-RELATIONS-AND-SHAREHOLDER-COMMUNICATIONS-PROGRAM?id=377342
About the same time as ALTD
Where have I heard that combination before?
Like I said- at least we know that Hutton has the capabilities. Was on OTC, did a 1 for 750 reverse split. Offering done at $9 trading at $14 right now.
Like I said- could be something.....could be nothing.
$GRNL- take a look
Always interesting for a shell after its first big press release to see how the stock reacted.
So far I'd say pretty good. For this company, there has to be gapping as there is very little supply (only 1.4 million in float). This shell has been inactive for a number of years and different people are waking up to their shares being worth something after all of these years. You are going to get blocks of 20,000 or 30,000 shares that have been held for 6 years and suddenly decide to sell. Yesterday there were two 20-minute periods of selling in amounts that equal approx. 10,000 or 20,000 shares. These purchases will establish a higher low or a higher entry point for the shares. Overall it was a good orderly market with no pump runs and no mass selling.
Also, not a lot of people know about this stock. Imagine if just 100 people put $1,000 in this stock. That's $100,000 of buying. That's 11% of the float. Yes, think about that. The volume yesterday on that announcement resulted in 118,845 shares traded. That's 8% of the float. (118,845/1,400,000).
Crazy right?
The question with these is- are they done with announcements or do they have more behind this? They signed this LOI on December 26 (from the About Greenlight Section of the first press release- "On December 26th, 2022, the Company executed an LOI with a licensing company that has ongoing business relationships with most of the top professional sports leagues as well as several iconic brands and athletes. The companies have targeted an early to mid-March closing pending due diligence and the successful completion of audited financial statements. The Company intends to amend its name and trading symbol with FINRA as soon as it believes it is practicable.")
Here is what the CEO stated in the Press Release- "Game Time is the company we hoped to build around when we took control of GRNL just a few months back and we are ecstatic that we've been able to expeditiously close this deal," said Elbaum. "Game Time provides us with a profitable seven figure revenue base to grow from as well as access to virtually every top professional league, team, and player we may want to partner with. With the nonstop media attention surrounding sports today, athletes and former athletes have become the biggest celebrities and most popular people on the planet and Game Time Productions plans to take full advantage of this reality."
So they were ahead of schedule in closing (Mid of Feb not March). They targeted Gametime per the CEO’s own words. The deal closed in a little over 2 months. Is there something on the horizon? Is it a media worthy star? That’s the big question.
I'll bid-sit here for a little and see where it goes but so far I like the trading. If it can hold mid $.50s-$.60 until the next announcement that would be great.
Always interesting for a shell after its first big press release to see how the stock reacted.
So far I'd say pretty good. For this company, there has to be gapping as there is very little supply (only 1.4 million in float). This shell has been inactive for a number of years and different people are waking up to their shares being worth something after all of these years. You are going to get blocks of 20,000 or 30,000 shares that have been held for 6 years and suddenly decide to sell. Yesterday there were two 20-minute periods of selling in amounts that equal approx. 10,000 or 20,000 shares. These purchases will establish a higher low or a higher entry point for the shares. Overall it was a good orderly market with no pump runs and no mass selling.
Also, not a lot of people know about this stock. Imagine if just 100 people put $1,000 in this stock. That's $100,000 of buying. That's 11% of the float. Yes, think about that. The volume yesterday on that announcement resulted in 118,845 shares traded. That's 8% of the float. (118,845/1,400,000).
Crazy right?
The question with these is- are they done with announcements or do they have more behind this? They signed this LOI on December 26 (from the About Greenlight Section of the first press release- "On December 26th, 2022, the Company executed an LOI with a licensing company that has ongoing business relationships with most of the top professional sports leagues as well as several iconic brands and athletes. The companies have targeted an early to mid-March closing pending due diligence and the successful completion of audited financial statements. The Company intends to amend its name and trading symbol with FINRA as soon as it believes it is practicable.")
Here is what the CEO stated in the Press Release- "Game Time is the company we hoped to build around when we took control of GRNL just a few months back and we are ecstatic that we've been able to expeditiously close this deal," said Elbaum. "Game Time provides us with a profitable seven figure revenue base to grow from as well as access to virtually every top professional league, team, and player we may want to partner with. With the nonstop media attention surrounding sports today, athletes and former athletes have become the biggest celebrities and most popular people on the planet and Game Time Productions plans to take full advantage of this reality."
So they were ahead of schedule in closing (Mid of Feb not March). They targeted Gametime per the CEO’s own words. The deal closed in a little over 2 months. Is there something on the horizon? Is it a media worthy star? That’s the big question.
I'll bid-sit here for a little and see where it goes but so far I like the trading. If it can hold mid $.50s-$.60 until the next announcement that would be great.
https://seekingalpha.com/symbol/GRNL
Always interesting for a shell after its first big press release to see how the stock reacted.
So far I'd say pretty good. For this company, there has to be gapping as there is very little supply (only 1.4 million in float). This shell has been inactive for a number of years and different people are waking up to their shares being worth something after all of these years. You are going to get blocks of 20,000 or 30,000 shares that have been held for 6 years and suddenly decide to sell. Yesterday there were two 20-minute periods of selling in amounts that equal approx. 10,000 or 20,000 shares. These purchases will establish a higher low or a higher entry point for the shares. Overall it was a good orderly market with no pump runs and no mass selling.
Also, not a lot of people know about this stock. Imagine if just 100 people put $1,000 in this stock. That's $100,000 of buying. That's 11% of the float. Yes, think about that. The volume yesterday on that announcement resulted in 118,845 shares traded. That's 8% of the float. (118,845/1,400,000).
Crazy right?
The question with these is- are they done with announcements or do they have more behind this? They signed this LOI on December 26 (from the About Greenlight Section of the first press release- "On December 26th, 2022, the Company executed an LOI with a licensing company that has ongoing business relationships with most of the top professional sports leagues as well as several iconic brands and athletes. The companies have targeted an early to mid-March closing pending due diligence and the successful completion of audited financial statements. The Company intends to amend its name and trading symbol with FINRA as soon as it believes it is practicable.")
Here is what the CEO stated in the Press Release- "Game Time is the company we hoped to build around when we took control of GRNL just a few months back and we are ecstatic that we've been able to expeditiously close this deal," said Elbaum. "Game Time provides us with a profitable seven-figure revenue base to grow from as well as access to virtually every top professional league, team, and aplayer we may want to partner with. With the nonstop media attention surrounding sports today, athletes and former athletes have become the biggest celebrities and most popular people on the planet and Game Time Productions plans to take full advantage of this reality."
So they were ahead of schedule in closing (Mid of Feb not March). They targeted Gametime in the CEO’s own words. The deal closed in a little over 2 months. Is there something on the horizon? Is it a media-worthy star? That’s the big question.
I'll bid-sit here for a little and see where it goes but so far I like the trading. If it can hold mid $.50s-$.60 until the next announcement that would be great.
Not really. We need some answers. I'm only reporting what I saw. There is no doubt that extensive work is being done at the property and that the golf course is having a record year. Yes, there are definitely some complaints as happens anytime someone is vacationing and work is being done to upgrade the property.
All of that so-called PR I reported on the property means nothing (and it is what I saw) if ALTD shareholders are not part of it. To me, it seems like time to let people know what their plan is and how all of these transactions affected the ALTD shareholders.
Obviously, the business was being affected by Club Med selling the property. If someone bought it and didn't want the Academies (the core revenue generator of the Company) they had to find a new home.
I get it. It makes sense but what is the summation of all of these deals? Right now we are in default negotiating a settlement.
The other thing that has nothing to do with the resort is the capital structure of the company and the S-1. What is the status there?
Did EF Hutton walk away?
When does the incessant selling stop?
Obviously, there was support and big bids were posted in November and December (highest average trading volume in a long time), The good news is if you want to clean up the capital structure $.02 is a good price to do it. It does seem to have slowed down as we stay close to $.02. Volume has decreased in Jan and Feb.
On another Board I'm on, there is a guy that uses all question marks. I used more then a couple in this post. I wonder if they are contagious. Is there a vax for that?
Good luck everyone. Hopefully, we will find something out soon.
Always interesting for a shell after its first big press release to see how the stock reacted.
So far I'd say pretty good. For this company, there has to be gapping as there is very little supply (only 1.4 million in float). This shell has been inactive for a number of years and different people are waking up to their shares being worth something after all of these years. You are going to get blocks of 20,000 or 30,000 shares that have been held for 6 years and suddenly decide to sell. Yesterday there were two 20-minute periods of selling in amounts that equal approx. 10,000 or 20,000 shares. These purchases will establish a higher low or a higher entry point for the shares. Overall it was a good orderly market with no pump runs and no mass selling.
Also, not a lot of people know about this stock. Imagine if just 100 people put $1,000 in this stock. That's $100,000 of buying. That's 11% of the float. Yes, think about that. The volume yesterday on that announcement resulted in 118,845 shares traded. That's 8% of the float. (118,845/1,400,000).
Crazy right?
The question with these is- are they done with announcements or do they have more behind this? I'm thinking they do, They signed this LOI on December 26 (from the About Greenlight Section of the first press release- "On December 26th, 2022, the Company executed an LOI with a licensing company that has ongoing business relationships with most of the top professional sports leagues as well as several iconic brands and athletes. The companies have targeted an early to mid-March closing pending due diligence and the successful completion of audited financial statements. The Company intends to amend its name and trading symbol with FINRA as soon as it believes it is practicable."
So they were ahead of schedule in closing (Mid of Feb not March) and since it is licensing company I'm thinking Gametime was negotiating with a big star and wanted to offer stock as a kicker to get the deal done and that's why they sold the assets to Greenlight (BTW- I love the asset purchase- no headaches from the previous company). That's my thoughts and opinion not based on anything.
I'll bid-sit here for a little and see where it goes but so far I like the trading. If it can hold mid $.50s-$.60 until the next announcement that would be great.
Wow Happy B-day Dog. Nice present for you.
Couple of interesting tidbits from the release-
1. Licensing deal- so not a lot of overhead and mostly marketing/website/design. The fact that they have the NFL is huge. I wonder what % of sales the NFL is. I'd imagine at least half.
2. The ability to add licenses generates revenues with the same infrastructure cost. To make an NFL watch vs an NHL is just manufacturing.
3. Here is the website- https://gametimewatch.com/ The Super Bowl watches look good and shows they design quickly.
4. The structure makes sense. The licensing game is getting into business with not a lot of money/overhead and obtaining a number of licenses. I imagine being public now they can pick up some bigger names by "sweetening the pot" with equity. With the low outstanding shares you can do that so this is a great pairing-the model matches the structure. That is what I read into this quote- "Adam Pennington concluded, "GRNL is an exciting strategic fit for us and greatly enhances our ability to achieve aggressive growth targets and objectives for the coming years. "
5. I agree- I don't think they are done. I think they have other things on the horizon.
So the story starts to unfold. Good first step.
Don't know why people would be nervous. If you were here early you got some nice prices for where it is at now. If people stopped posting 4 months ago maybe they got out in that November volume spike. There were 70,000 shares traded on Nov 10th and 153,000 shares for the month. Started around $.09 and ended the month at $.19. They could have gotten out then after holding for years. Makes sense as it was the first liquidity in a while (April was the last time it had that volume)
Thank you for those shares BTW.
We shall see but the structure is just too nice not to get a ticket to see what happens. You-Dog are doing ok playing with house money. I'm going to get some popcorn.
It would be best if you said you wanted a tour and you were planning an event to get in. They will gladly show you around the place.
I've gone up to stay and they really are doing a lot of work, There is money being invested to upgrade the place.
1. The triangle roofs are being replaced. (all of the common buildings- the club, reception, the golf building etc.
2. They are starting the renovations of the Staff housing that will be used for the Academy students.
3. They are starting the flat roofs (buildings with rooms)
4. They are putting in two more soccer fields and a golf training center. The bulldozers were moving dirt now.
5. The golf course looks great (other than the bulldozers moving dirt to make room for the renovations) I know they are saying it's their best year in a long time for greens fees.
I also agree we need some updates. What does all this mean? Is this ours? Is the settlement agreement done? It's great the Academy is getting all new facilities but do we share in the upside?
I hope we get some clarity soon.
HISTORY OF THE DEVELOPMENT OF A SHELL
Hey, Dog nice to meet you. Haven't encountered you on these boards but seems like you have been here early
Seems like things looking interesting here. Saw an announcement on someone in another public company and saw some familiar names. Saw Men was here and he’s usually early on some stuff (made some bank with some other early plays with him). Great SS for a shell. Almost too good. Should be able to track a good merger candidate which it seems they are in the midst of closing.
There are a couple of things that make this stock interesting:
1. The shell has been dormant for so long- do the shareholders in the float even know they have the stock. This with a miniscule float of 1.44 million already. Could be difficult to get shares.
https://www.otcmarkets.com/stock/GRNL/security
2. With the new rules going into effect, they need to clear the yield sign and the shell designation by March. It seems from the reports that they have been working towards that goal.
a. Hiring COO and CFO with Public experience.
b. Couple of small deals showing they are in the athletic business
c. The “About Us“ Section of the announcements gives me thoughts that a deal is in the works on licensing. Here what it states, “On December 26th, 2022, the Company executed an LOI with a licensing company that has ongoing business relationships with most of the top professional sports leagues as well as several iconic brands and athletes. The companies have targeted an early to mid-March closing pending due diligence and the successful completion of audited financial statements. “
https://www.otcmarkets.com/stock/GRNL/news/story?e&id=2418657
This was signed in December and targeted for the beginning of March. Now I agree most things don’t happen on time in Stinkypink Land but they do need to close and show revenue before the end of March to lift shell status. The only way to do that is to acquire a company generating revenues.
3. The audited financials and filing were extended on Feb 15.
The reasoning given was accounting procedures but if they are trying to close the deal before filing their annual audited makes sense if they re trying to get shell designation lifted.
It’s an interesting play at this point. There is a risk with the date for purchasing this shell and merging an asset into the shell in 3 months. The person who purchased it must have had something in mind or a targeted company.
It says it has to do with licensing (“executed an LOI with a licensing company that has ongoing business relationships with most of the top professional sports leagues as well as several iconic brands and athletes “) so something should occur.
The concern is the prices and spread. This has gone up from $.09-$.5399 since November.
Here is the timeline and breakdown of trading-
• Prior to November the stock traded by appointment basically like any shell waiting for something to happen. November was when we see the purchase of the shell. November we see the Change of Control filing and stock traded 153,925 shares for the month
Oct- 15,877 traded- $.09
Sept- 39,000 traded $.09-.11
August- 18,125 traded $.11-.13
July 4,000 traded $.13
June 19,266 traded $.14-$.18
May- 1,450 traded $.14-.18
April- 100,915 traded $.11 (probably rumors of the shell being purchased)
• December traded 156,237 shares traded and price went from $.19-$.30. Lots of filings for the change (2 quarterly and an annual filing- starting to get numbers audited.)
• January traded 226,247 shares between $.28-.48 -almost a 45% increase in volume due to small announcements of officers and small businesses in the athletic field.
• February traded 93,136 and price went from $.46-$.54
Even though the share price is high the market cap is still only $3 million with only 7 million shares issued. Yes the price has appreciated from $.10-$.54 in 4 months the volume has been small (averaging around $15,000-$70,000 liquidity/month).
With this share structure, a revenue-generating company at an 80/20 merger would be 35 million issued and outstanding and fully diluted would be about 42 million shares issued and outstanding giving it a market cap of $21 million. Depends on the deal but with this micro float, you could make some nice quick turnaround here IMHO. I’ve got my tickets.
They have a pretty good record for closing LOIs in my opinion-
1. LOI to acquire the medical rights to the metal patent (ammunition)
Result- Acquired and has filed their own medical patent from the license.
Status- working on prototypes for the drill
2. HS Pharma- LOI to acquire patents-
Result- closed XCRT owns the patents
Status- working on marketing agreements for the cosmetic products ready to sell without FDA approval.
3. LOI to acquire 51% of AffiyaSassa
Result- Acquired
Status- translated the software to Swahili and ready to implement the programs in 4 hospitals.
Those are the previous 3 LOI's that XCRT announced prior to this last one and all three have closed. Given the fact that they also announced Tara Cohen and Fabian Urquijo who have experience with Estee Lauder and Revelon that targets this market makes sense.
These people just joining for a pump is that what you are saying?
Also technically the Reg A is also a form of an LOI as there is no guarantee they will raise money. They file their intent to raise money and XCRT did raise $400,000 and closed it so you could say they are 4 out of 5 with the only one not closed was signed a month ago.
I concede that you can always come back and say the financials have received zero benefits from these LOIs closing and $XCRT still has a shell risk (other than the $400,000 they got for completing the Reg A LOI).
That is correct but the first LOI we knew would take time and money to design the instrument. It was projected not to generate revenue for a year at least.
The HS Pharma deal was announced in August to market the cosmetics products. So they are 6 months in. It is a personal evaluation of whether it's taking too long or not.
Afiya Sassa has always been targeted for the 1st-2nd quarter for revenues from each message from Mike.
You can question the lack of revenue but not Pump LOIs as each LOI they have announced has closed. That doesn't mean this LOI will close, but you shouldn't question LOIs when they are 100% at closing them.
BTW how are those $.02s coming? Just checking.
Seems to me like the OTC is starting to pick up. Is it just me? I have a couple that seems to be heating up.