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Just some points of information which I hope will ease some minds while awaiting the release of the EOY.
What do you think NNRX applied for and additional 44bil shares to be used for in the first place (to be able to raise cash) and what the Offerings were for? NNRX has been restructuring its self changing for a Vitamin company to a Holdings company. The offering was for the purchasing DHS and the other companies as listed on NNRX’s web site. As well as financing the completion and operation of the companies. There’s an old adage “its takes money to make money” if you don’t have cash you sell stock, which is the way things work.
Yes the EOY ended on 7-31, the EOY Report is due out by the end of this month with an allowable 15 day extension. You seem to be expecting pps to go up on the “date” of the end of year, it will go up or down as a result of the EOY report not a date.
The purpose of the Offering is to raise cash, it’s has to be lower than what the pps is on the open market or no investor would buy it. The selling of the shares it at the total discretion of NNRX, they don’t have to sell them and they can choose who to sell to and who not to sell to.
As for the RS: (as defined using Google search)
"Who approves a reverse stock split?
Generally, a public company can declare a reverse split if it obtains the approval of its board of directors. Most often shareholder approval is not required.
What law governs reverse stock splits?
State corporate law and a company's articles of incorporation and by-laws govern reverse stock splits.
Does FINRA approve reverse splits?
FINRA does not approve reverse splits, but it does process reverse stock splits as part of its functions related to company corporate actions in the OTC market. OTC companies must submit notice to FINRA 10 days prior to the record/effective date of the corporate action."
The 1-A Pos stated it was waiting for approval for the RS (the three directors of NNRX are employees of “The Plant”, there not going to cut there own thoughts. You will note that there was no date for the RS listed in the 1-A.
P.S. "The Plant" is not NNRX, NNRX owns "The Plant" as one of the companies in it's portfolio as a Holding Company.
Wondering what some posters here want from NNRX? They have made more positive post in the past quarter than 90+% of stocks on the OTC and there has been no bad news posted on any website that I have seen. Anything of importance they have posted as soon as started or completed. What do posters want, a weekly post stating business in running well and were looking good just to have something to read? There has been no negative news on any website about NNRX to warrant the comments I’ve been reading. Why not hold your criticism for some bad news or press. If the EOY comes out negative then I will be among the poster complaining until then I’ll hold and wait. Maybe the SEC should quite requiring quarterly reports all together and make company’s waist there time and start coming out with bi-weekly reports so we have something to read twice a week.
NNRX already owns the shares in the Offering, not sure how that would work. I suppose they could use cash form profits of the Plant to purchase them and turn into Treasury Shares, not sure if that would be approved or not. Just speculation/food for thought though; what is possible are that they are being sold to a financial backer/partner or maybe used as a way to purchase another company. That company could buy the shares in place of a cash deal and sign over ownership in the company, when the shares went back to .0003 or better that company reap the profits, don't think it would ever happen tho. I’m not quite sure how it would work it would take a good financial adviser to handle it. Any number of ways the shares could be sold and used, one guess is as good as another.
So much for the dilution for Sept we’ve been hearing about form some poster here. As for the 44bil @.0001+ none were sold so far, doesn’t seem like Bishop is doing that much irresponsible dilution so far does it. Not dreaming just stating facts as I see them, my own opinion of course.
That’s what a lot of us are looking forward to seeing. Also, would be nice if there was a forward looking forecast of a new endeavor on Bishop’s part in another state. Frankly California makes me nervous, not a very business friendly state. Add to that power and water shortages in southern part of state. Still hoping for the best from NNRX in the end of year report and holding onto my shares.
Good find, this will help all investors as well as the public.
As you wish, my last reply: I am beginning to think that you are confusing NNRX with “The Plant”. NNRX is not “The Plant”; NNRX owns the plant as well as DHS10, Inc., RCW Investments LLC, Greenbird, and BioMedical Holdings LLC… The Plant is only one part of the picture in the "vertical integration". Do you really think that a one building was suppose to house everything Bishop is working on. 30,000 sq ft of plant tables (which in reality is more like 15,000 allowing for walkways and equipment) with plants on them is going to produce enough oils to be process to meet the needs of The Plant’s future growth. In this case vertical integration means under control of NNRX one company, The plant is just one business that is a subsidiary of NNRX; it has its own management. In future expansions of NNRX; i.e., a plant in another state it will not be called another “The Plant” it will have its own name and be apart of NNRX’s vertical integration.
I am glad you do your own DD, what makes you think you are the only one I can not understand. I am also glad you remember the dollar amount of The Plant’s rent; it is a yearly decreasing amount that turns into a fixed amount in the future. Of what importance remembering the exact amount is to you is your business, my self it is of no important for me to remember those numbers.
Why you turned this conversation personal I do not understand, I was and am just stating what I know as facts as published on OTC and other sites. My observations are my own opinions and I have not tried to influence anyone to either buy or sale this stock. Nor do I try to second guess what is in Bishop’s mind.
“Pending Corporate Actions
On June 9, 2022, the Company submitted an Issuer Company Related Action Notification to FINRA to effectuate a 1 for 500 reverse split of the Company’s common stock. This action is pending approval from FINRA. In the event the Reverse Stock Split is approved, the offering price and shares offered will be automatically adjusted at the same ratio, and we will file a supplement to this Offering Circular as may be required.”
The key word here is “Pending”; all penny stocks at some point anticipate a reverse split. Also, note that the price and size of the offering will be adjusted when and if executed. The one sentence I question is “This action is pending approval from FINRA.” FINRA does not approve reverse splits, they oversee the actions. The Board of a company approves a reverse split (Bishop). The company’s obligation is to notify FINRA of a reverse split so that they can oversee the on going processes.
The Offering shares are not being sold on the open market, they are being sold by the company and the company has the right to refuse any and all request for the purchase of the stock, they also do not have to sell at the price quoted in the offering they can sale shares for more of less than the offering price. If they wanted to sell at .00001 or 01 it is there sole discretion as stated in the offering.
"Also there was something that noted NNRX "outsources" all of the packaging/manufacturing, when clearly on PR's it stated differently!!!" I do not remember seeing that statement, but I would not expect that an area of only 30,000 sq ft to be able to do everything there are other companies that specialize in that and would be prudent for NNRX to do so.
"We saw August numbers through a PR, why is he silent when it comes to September numbers???" Reports on company finances are what the Q reports are for, he was just letting investors know thing were turning round, he has no obligation to give monthly reports on company finances.
“"The Plant" management (at least 2 people) gets $16k a month plus bonuses when certain numbers are met.” For the leading officers of a company this is not uncommon practice.
I also do not expect NNRX to be profitable, but not for the reason of payrolls. They are growing the company and have ongoing expenses and well as dept to pay off that go back as for as 2013’ before Bishop owned company and inherited I do expect to see Total Revenue to continue to out pace the Cost of Revenue as was done in the third quarter report. It will be quite awhile before Operating Income outpaces Operating Expenses. For a company to grow they must spend that just the reality of things. If any company makes an investor to have sleepless night they should think about selling it’s not worth risking your health over. I have seen nothing since it was announce that NNRX was contemplating parching "The Plant" that would give me a negative outlook. Past results of Bishop are up to everyone’s own interpolation, there’s a large learning curve with being a CEO/Owner of a company.
I am holding onto the positive outlook till the EOY report says otherwise. And I am expecting/dreaming NNRX to suceed and make me a lot of money
Just a realest living in the real world.
Temporary dark mode - Three weeks does not make a dark mode, most companies only rely on the Q reports to let shareholders know what’s going on. This is not the DOW this is the OTC.
Shareholders request - Three or four people on this board, what makes you think that posters that run hot and cold as there mood dictates deserve a response form a CEO. I doubt that he even reads this board on regular bases.
44 billion offering price dropped to the lowest numerical fraction possible – How long has the offering been out there? He has only released 5+bil shares. He does not have to sell because of an offering price. We may never know why and again we may find out in the EOY. It is his sole prerogative, he controls the price .0001 is the minimum not the max price. He also controls how many shares will be sold. P.S. .0001 is not the lowest possible price and all those shares are non-voting shares.
R/S applied for and publicly disclosed – A company does not apply for a RS; it is up to the board of directors to make that decision. As for the reasoning that is for Bishop to know we may never know and again we may find out in the up coming EOY, Also, because it was approve by the Board (Bishop) doesn't mean it has to be acted upon.
You are only seeing what you want to see and are not looking at the progress the company is making. I would not even attempt to sway your opinions; I am only stating facts that have been revealed in news, pr’s and disclosures. And like you, I have my own opinions and outlooks. If mine are different than yours and I keep a positive outlook, that is my own personality, I look for the best in people not the worst. Rainy days and Mondays don’t get me down. Rainy days make things grow and Monday is the start of a whole new week. And I look at a glass as half full, not half empty
Wrong, A CEO’s primary obligation is to improving the company and taking care of its employees first, share holders will reap there profits from the success of the company. Without happy employees and an improving company status there will be no company. Bishop is not a shareholder’s babysitter; he is the CEO of a company which is his first and most important obligation. It has been understood form the inception of owning “The Plant” that the 50 billion shares were earmarked for The Plant and other endeavors, the diluting was a given. Bishop owns 1mil preferred shares in the company that went to him when he took over the company, one can only guess how many common shares he owns. He’s not trying to dilute the company in to oblivion. Share holders do not control a company nor direct its internal workings. If a share holder dislikes a company they take there loss and move on to greener pastures. As for peaches and cream, no I’m a realists living in and understanding the real world and how it works.
Let’s do a little DD on recent history here:
1) 7/28 Last Q report was the first in I don’t know many years that NNRX has shown Income.
2) 8/02 NutraNomics “Red Eye” House Brand Launches with a Bang
3) 8/09 NutraNomics Current with OTC “Pink”
4) 8/12 Plant Partners with Top Cannabis Agency Essential Good to Launch Additional House Brands
5) 8/24 The Plant Achieves Production Milestone For Units of Manufactured Product
6) 9/05 NutraNomics, Inc. and The Plant Announce Record August 2022 New Sales Bookings
7) 9/13 NutraNomics, Inc. and The Plant Announce Distribution Expansion Into Northern California
8) 9/20 NutraNomics Announces Debt Restructuring and New Credit Facility
NNRX has been releasing information on a consistent bases way more than 95% of the companies listed on OTC. So it’s been 3 weeks since the last release not counting the “FORM 1-A POS” released on 9/29 a week ago. At present they are working on getting out the EOY report together as well as the Up Dated Share Count. Plus they are working on something new in the background; hence the release of the new Form 1-A POS. Hears another saying for Nay Sayers: “If you don’t have anything good to say about someone, then don’t say anything”. Some posters here are like a kid on a swing, they just go back and forth. Keep complaining about the pps not going anywhere, don’t you think new investor do DD and read Boards, FB and TT.
Here’s something to do for those that are concerned about the greenhouse status. Go to Nutranomics.com on the home screen there’s a picture of the plant and attached greenhouse. Right click on it and select open image in new tab. Now you can zoom in on the image and move it around to see the big picture. I see plants in the green house on tables, skylight open to control the heat and glass sidewalls. All the tables aren’t being used, but guessing that has changed by now the picture has been on the website for over a month now.
As A Side Note: Shares holder are complaining about pps of the stock. What do you think would help increase the pps, not the negative comments I’ve been reading on this site lately for sure. Let’s get back to the positive vibes, that’s what will help the pps.
I’m guessing the reverse stock split it off the table, the following question was posted on Google: “How long does a reverse stock split take?” This is the reply given.
“A company announcing a split usually sets an effective date of 10–30 days after the announcement. All shareholders who own the stock the trading day before the ex-date will take part in the split. The shares might take another few days to settle. Ask your broker if you have questions about how they handle splits.May 12, 2021”
Further more stated on Google’s site reply to the above:
“FINRA does not approve reverse splits, but it does process reverse stock splits as part of its functions related to company corporate actions in the OTC market. OTC companies must submit notice to FINRA 10 days prior to the record/effective date of the corporate action.”
My self; I am not worried about a reverse split it would serve no purpose at this time. Neither Bishop nor the company would profit from such an action. NNRX has done nothing but make positive moves and has keep up with news since the start of this merger, a lot more than 95% of the companies on the OTC have done. My opinion is that all this fearful talk of the reverse split is way over blown. Share Count and EYO will be coming out this month, everything else is just rumors. There’s an old saying that goes something like this: “Don’t believe any rumors and only half of what you see”. I’m holding strong to my shares and expecting the best.
You are right the offering shares are independent of what is traded on the market. My own opinion and just guessing of course, is the shares being sold in the offering could already be accounted for. Also; just because the offering states .0001 doesn’t mean NNRX has to sale shares they can reject an offer, that’s just the lowest price they will sell at. Under the offering they have up to a year to sell the shares and have the right to sell at a higher price or not to sell shares at all, that was in the original.
Don’t forget that market makers are in control here, 15mil shares sold @.0001 is only $1,500 dollars which in peanuts for a market maker if it keeps the price low and they can buy up several hundred mil shares at that or near that price.
Would be nice, I’d like to see them come out early with the EOY report this coming week as well as some pics. Either way I’m hanging in there NNRX is going to start moving up soon, still looking for my Xmas gift form NNRX a new van. Going pack on the road next week, saw a picture of a pyramid in Memphis, Tennessee run by Bass Pro Shop got to take a look see. Also, will be stopping by the Storyteller Overland headquarters in Alabama on the way, hope to get a short tour of there plant, but not counting on it. Then I’ll be heading to on to the Adventure Van Expo in Chattanooga, TN before heading back North for the Holidays.
You don’t know how true that is; right now I’m sitting one hour south west of Orlando, Fl… It’s partly cloudy, winds around 5 mph, not looking forward to mid week down here. On top of that Dow futures look real bad also. The only bright spot for me right now is NNRX, looking forward to it brightening my day next week to hopefully.
Sit back and take a deep breath everyone, NNRX is OK. Seeing 30mil in one trade does not mean the end of the world for NNRX. Most likely it was some one that had to cover a margin call. There are time limits on margin trades; with the Major Markets diving like they have been there’s going to be a lot of selling of good stocks to cover bad margin trades. Don’t panic trade; you don’t loose money in a stock until you sell it.
Actually yes today was a good day for NNRX, did you loose any money with NNRX today? Bet everyone lost money in the major markets and IRA’s. It is a given that no one expects any real movement in NNRX till the EOY report comes out one way or the other. I would rather watch NNRX bounce around the 2’s and 3’s than watch my IRA and the Dow just keep dropping.
I am in total agreement with you it was a very good day.] The news was more important than people are giving it credit for, a half million in dept reduction and a NEW credit line. The banks don’t give out credit lines to BAD risk, which means one things the bank whichever on it was thinks NNRX is a good risk and bank don’t gamble with there money the banking commission are looking over there shoulders. NNRX has come a long ways since they first announced the public offering to purchase “The Lab” and have momentum be hind them now. Things are only going to keep getting better if the government doesn’t screw up the country/world before we can cash in. Goooo!!!! NNRX I’m one of your most long term holders and have been Holding, buying and selling shares since 2013 when NNRX took over Buka Mining in a reverse merger.
Well the first 4’s have showed up on the level II Ask in a long time, here’s hoping they stay there and increase to 5’s and beyond.
Well all the 2’s are gone on the level II Ask side and I’m still seeing 2’s being sold, sort of confirms/goes along with my wild guess as how the toxic dept was taken care of, still guessing on my part. I’m also going to guess that we’ll close in the 3’s and we’ll see some 4’s on the ask side of the level II bids, might be stretching it a bit though; Just Saying.
Morning All; Taking a wild guess here, all the selling into the two’s the last couple of days is the shares that were turned over to pay down the toxic dept. Since the offering price is set at .00032, guessing toxic lenders were paid off in shares which they are liquidating around the .0002 price range. The EOY report will tell all, I'm not having a problem with share count going up as long as it is benefiting the growth of NNRX. Holding strong onto my shares and looking to the future.
NNRX just keeps getting better and better, good reporting keep it up.
I still wish there were more photos though from different angles of the outside and interior shots as well.
You get use to working in the heat; here in Florida the real feel temp gets over 100 deg quite often in the summer then add 85 % humidity on top of that. If you don’t work you don’t get paid, it’s not that unusual to have to work in these conditions you drink a lot of water and take your salt tabs. I’m not guessing I’ve worked outside in heavy construction of just a few months shy of 50 years in weather anywhere from zero to a 110+ from Northern NJ to Florida. In hot springs you have the heat but you don’t have the high humidity to contend with. I took a better look at existing photo of The Plant; go to NutraNomics web site the cover photo is taken while it is in use and not a doctored photo I think you will agree. Now right click on the photo and open it in a new tab on your computer. Magnify the image and tell me what you see, I see roof completed with some skylight open and grow tables with green plant in them and your looking through glass side walls you can see the divider strips on them. Am I the only one who see this, will some one agree with me or give me a reason to dispute it. There are also photos of the plant employees standing out side the building in a group waving at the camera. Greenhouses are used to control the environment; they control the heat and humidity as well as letting in the sun light. Fans and skylights control the heat you don’t want to cook what you’re trying to grow; a controlled environment is what you’re shooting for.
Your right, keep thinking George for some reason, guess it’s because that was my brother’s name some how connecting with Geo and fingers just keep typing George.
Agreed, you would think there would be at least one person leaving near by. I also, would like an update on it. Seem like someone in The Plant could take a few pic’s and just post them to this board. Bishop hopefully is working on new avenues of income for the company and letting George keep and eye on The Plant. Would like to go out there myself and take a look see, but my old Ford conversion van is a 2002’ and that would be pushing it from Fl… When this stock takes off by the end of year I’ll get a newer one and make the trip, who knows there might still be a gathering near Vegas this winter for NNRX.
It’s funny but I’m not that concerned about it being finished, the labs and production areas are more of a concern to me. I’m assuming that most of the raw product being used by NNRX is bought from other sources anyway. 25 to 30,000 sq. ft. really isn’t a lot of area. Hope that the of that area is more for seedlings and improving the verities of hemp as well as the quality of the product, George will be buying the materials from local sources for processing I’m guessing. Increasing the size of or opening up another production facility would be of more interest to me, it would be showing growth to meet increasing demand.
Evening All, another very bad day for the major markets, guessing things will settle out after tomorrow Fed Report, hopefully. I’m guessing the marker makers are doing there thing to NNRX, trying to bank as many shares as they can before EOY report comes out. They can see where NNRX is and going as well if not better than we can. This EOY report that’s coming out in the near future will be all telling for NNRX. We all know they are going to show income in this report; even OTC took down the Shell Sign. What I want to see is there future forecast beyond selling in Northern California. Also; would like to see the present Administration in the Capital pass the Federal Bill legalizing pot and allowing interstate movement of the product, that when things will really start to take off. They promised it and hope they deliver before they loose the majority, just another promise not kept.
Like your post, very interesting keep it up, thanks.
Day traders rarely hold a short position for that long a period, at least I don’t, and interest is never that big of a problem
My own opinion is that shorting a stock (any stock) should not be allowed[/u but the SEC and OTC allow it because they profit off of shorting as well. It’s the way of the Old Mighty Dollar it has no morals. At present one tick between .0002 and 3 is a 33% percent profit either shorting of going long. Shorting produces the same profit in this case about $333 dollars per trade at $1000 dollars. You don’t gain any shares when you buy back at .0002 because your buy back imaginary shares you sold at .0003, the shares only exist in the digital world. Sort of like the way the world is being run now days.
Evening All, 1.3 billion increase in Share Count, not surprised at all was expecting that last month as well. We all must remember that the 50 billion was earmarked for NNRX from the beginning and I have seen nothing to change that. The Q report when it comes out will tell a lot. When NNRX is making enough to pay its own overhead with a little left over to bank that is a good thing. The 20 mil that was to be raised for NNRX was for construction and plant equipment and buy out existing owners don’t forget, these days 20 mil does not go very far. I’m looking to the future expansion, that where my money lays. Like up line when it reaches a penny or two, I will also sell enough to get my money back and let the rest go for the ride. This is going places and I going with it.
Bishop is doing a good job overseeing the company; he does not control the PPS. Market Makers and Traders control the pps; your irate should be directed at them. Bishop is trading company shares @ .00032 for company funds at present to long term investors. He would be selling them at a higher price if the PPS was allowed to float; it is the market makers and flippers that are trading in the 2’s.
Morning All; The ink is hardly dry on a Great PR, and we’re starting to complain again. “OH, How Quickly We Turn”
Morning All: I’m getting a little late start this morning a little too much activity yesterday evening, bed at 3am. At any rate I like the Great News that came out this morning. NNRX is looking like a sure winner even if the pps doesn’t reflect it. Never put much stock in people talking about stock manipulation knowing it does happen, but I’m beginning to think there is some going on with NNRX. Two of the most questionable market makers are handling over 50% of the trades this morning. 95% of the sells in the .0002’s are $25 trades in the tens of thousands of shares, while the buys are mostly million shares or more in the 3’s. Volume is not that much either just looks like numbers are being played with to me. Anyone else have an opinion on this?
The other patent is” US patent #7,235,390 B2 for the Assimilation Enhancing System (AES(TM))” it was my understanding they still have the use of this patent. I did not know the nano patent had expired. Where did you see that it had expired, patents lasted 7 years was my understanding.
Evening All, Upline999 I agree with you on that. But want to expand on it a bit: NNRX is indeed a holding company with a few special added items: It also holds quite a few patents, and still has a license to sell products under its own brand “NutraNomics” along with this it still has its contacts in the vitamins and supplements industry add to that is it’s nano patent with mutable uses. Those are areas that are still open to it, which could be easily turned into an active company again in the future. NNRX as well as we shareholders are sitting in the catbird seat as it were. The future of NNRX has mutable directions in which to head in the future. At present it is both a long term as well as a short term play, I’m doing both and going along for a great ride.