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And, like you stated when the last LOI was reported, how is the deal getting financed. Dilution? GLTA!
Not a problem remember he has a Park Avenue Securities Attorney to handle such matters. :~) GLTA!
Maybe that guy who said he had over a million shares and that he would buy up every share under 3 cents. GLTA!
Down nearly 17% with over 3 million shares traded during first hour. Getting real ugly. GLTA!
Think Sellers will make a cameo appearance here to thank us for the $800,000.00? GLTA!
Apparently, the only long range plan Sellers had for this wonderful shell is to jump on every opportunity that comes along ( i.e. the baby formula shortage ) to pump and dump. Think about it, if he actually had a long term plan, like he claimed, it would have materialized by now and he would not have been feigning a purchase of an infant formula company. IMO.
GLTA!
Maybe Sellers can tip off us LONGS when he plans to run the next PUMP and DUMP. Or, I guess we can simply wait for the next supply chain crisis with the knowledge he'll use it to his advantage like he did with the baby formula shortage. GLTA!
Yes, optimism can be healthy but denial is not. GLTA!
Where can I purchase a pair of those rose colored glasses you must own? I really find it hard to comprehend how you can continue to have faith in Sellers, especially in view of what just occurred. GLTA!
Guess you were right.....
JADE ART GROUP, INC RESCINDS LOI to ACQUIRE MOTHER’S TOUCH FORMULA
Press Release | 07/06/2022
Birmingham, AL.,July 6, 2022Jade Art Group, Inc.(JADA or the Company) (OTC: JADA) announced today it has rescinded its Letter of Intent to acquire Mothers Touch Formula, a Texas-based producer of baby formula (Mothers Touch), citing disagreements regarding the valuation of Mothers Touch.
Wayne Sellers, CEO of the Company said, We are disappointed with todays announcement but not deterred. We will remain focused and continue to execute on our business plan.
Jade Art Group, Inc. is a Birmingham Alabama-based food, technology, safety, agriculture, and energy company.
One can tell from my posts that I'm NOT a fan of Sellers, but you're over the top with what must be a private vendetta. If what you claim is factual public information, I'm sure those of us still here would welcome the information. Please be as specific as possible, as vague and generic accusations are meaningless. GLTA!
Time to go. Have a great day and GO JADA!!!! GLTA!
Well, if it goes back down, you can just load the boat again and sell on the next run to .04. lol GLTA!
Pretty hard to underestimate a CEO who has done nothing of substance in over a year. GLTA!
I don't think so. Time will tell. GLTA!
Quote:
" You all who were ultra bearish at the bottom were wrong, I do know that! LOL "
C'mon Man, are you in denial? I expect you know exactly wants going on. An occasional BS PR with absolutely no substance results in a short lived pps jump that couldn't even hold for 24 hrs. Do some real DD on that last PR and I believe the holes will become clear. GLTA!
Yes, I was simply responding to what was stated in the PR concerning Mothers Touch. GLTA!
Quote:
" Mothers Formula is also an approved WIC provider and will be adding capacity in the coming months."
Then, I'll happily take my profits and move on. GLTA!
Quote:
" What if 900K shares were "given" away at sub .033 and the stock soon moves to above ten cents? "
In researching the Special WIC Food Updates for Texas, and specifically the Temporary Alternative Powered Formulas list ( a link to which can be found half way down in the below article ) I was disappointed in NOT finding Mothers Touch on the list. After all, you would think Texas would be partial to a local State business. I guess time will tell. GLTA!
https://texaswic.org/about-wic/special-wic-food-updates
Hope this is not a typical case of a Pinky CEO jumping on a hot-button issue in an attempt to sucker in a new group of unsuspecting investors. I guess only time will tell. GLTA!
Yes, and all the while, he sits smugly in his reserved church pew with a pronounced smirk on his face contemplating all his humanitarian actions. GLTA!
Another heavy volume day! GLTA!
You are correct. When COVID hit the Markets hard, I simply increased all my positions fully confident it would be a short term event. Unfortunately, I am NOT at all of the same frame of mind this time around. GLTA!
A colonoscopy? GLTA!
You must be kidding. There was so much internet hype around that rumor that people were convinced it was going to become reality. Well, it's history now and we need to look forward. GLTA!
Well, not really. It hit .40 on only one major rumor that COINBASE was about to do a RM here. IMO, Sellers would need to bring something very significant to the table for JADA to reach that point again, especially if he increases the share structure. GLTA!
Several of the previous posts bring to mind the following: " Someone who blindly follows a crowd—maybe even toward catastrophe—is called a lemming." GLTA!
I just don't get it. I've played around in the pinks for years now and have both won and lost money, but I have never been in an issue where the owner has N-E-V-E-R bothered to communicate with the shareholders. True, most of what you get is fluff or outright lies, however even BS moves the pps and provides an opportunity to make some money. Since Sellers purchased JADA the only way to make money is to be short, which, in the pinks, is not possible for most of us and something I have never done. Am I alone in wondering just how the PPS would react if he was to post an IHUB message? Just asking. GLTA!
IMO, wait and get them even cheaper. Thank you, Sellers. GLTA!
The real bummer is that there is absolutely no reason for it to be any higher. Thank you, Sellers. GLTA!
I'm surprised by such a rather naive question. Although I have limited my exposure here, due to JADA's lack of performance under Sellers, I am still under water but still hold a sizable position on the chance something significant does occur and I can recoup my losses.
GLTA!
It is true such wording regularly appears in the financial reports of most, if not all, Pink listed stocks. However,considering JADA's current financial position, I do not find much comfort in that and fear Sellers might actually need to act on that plan to raise capital. Sure hope that I am wrong. GLTA!
Looks like you may have been correct in your prediction. GLTA!
From the Annual Report Ending 12/31/2021 and recorded 3/25/2022.
NOTE 3 – GOING CONCERN
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern,
which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.
As reflected in the accompanying financial statements, the Company had an accumulated deficit at December 31, 2021 of
$3,413,584. This factor among others raises substantial doubt about the Company’s ability to continue as a going concern.
While the Company is attempting to commence operations and generate revenues, the Company’s cash position may
not be significant enough to support the Company’s daily operations. Management intends to raise additional funds by
way of a public or private offering. Management believes that the actions presently being taken to further implement
its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While
theCompany believes in the viability of its strategy to generate revenues and in its ability to raise additional funds,
there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon
the Company’s ability to further implement its business plan and generate revenues.
The financial statements do not include any adjustments that might be necessary if the Company is unable to continue
as a going concern.
Yep, meaningless. GLTA!
Sorry, I erased duplicate post. GLTA!
Down another 25% today. If I didn’t know better, I would think Sellers had a short position here. Over my years investing, I have never come across an owner who appears to be so totally deaf to his investors. Is it indifference or just incompetence? GLTA!
Let me try and get my mind around this; purchase a clean shell with a very attractive share structure, and release absolutely no meaningful information or PRs and watch the pps go South for nearly a year. Yea, you're one amazing entrepreneur Sellers.
GLTA!
Looking at the volume, it's just another meaningless JADA day! GLTA!
I would like to know who Sellers convinced to fund the purchase of this shell and what they are thinking now. I doubt he had the capital to go alone. GLTA!
There is no bottom here until we get something significant from Sellers but that just may never happen. GLTA!