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She told me on the phone they were sold "at a premium" (her words) and that it did not require any type of special reporting or documentation. Now she also told me that HBRM is getting a "special" deal from their new PR company who usually charge 25K per month for advertising and PR. She said that HBRM was approached by them and they did not seek out the company. She also said that there was no way HBRM could afford that monthly charge so my speculation is that some or all of that 50M shares went to the PR company. Just my guess though.
Have you ever met a founder of a company who was not thoroughly in love and dreaming big for their products? 5 months ago, her house was also her corporate HQ for HBRM. A small operation listing only 2 employees and relying on internet sales alone. Now at least they have moved into an office and have products going to retail merchants.
If you are speaking to me then you will clearly see some positive things in my postings now ever since I spoke with the Dr, I have been cautiously optimistic and do not deny that the last few days last week were very positive. I certainly hope the momentum continues but being a realist, I look at things from that perspective. There are certainly areas that are still unclear for investors and need to be clarified by HBRM to really bring about investor confidence and not just day traders flipping shares.
Malc, any predictions on if this will run again this week on hype and momentum? Where do you see it leveling off? The technical traders put up some good chart analysis. If HBRM can put out a nice PR with some substance behind it then sure seems like it will keep on the upward trend.
Nope but talked to her on the phone for little over an hour last week.
Agreed and I asked the Dr directly about this on the phone and she wold not answer being somewhat evasive. She said that certain info could not be shared when you are dealing with private companies for partners. She did say that she was going to check with legal adviser and see if there was a way to update this areas for investors. I think if they are not getting at least 10% out of this deal then when you factor in the costs involved, HBRM will get little to nothing by way of revenue income. They need at least 10% of the gross sales revenue in my opinion to help with their low capital situation rather then continue to dilute the SS.
Sorry, everyone is allowed to express their opinion about HBRM whether it is good, bad or neutral and hopefully supported with factual basis or good speculation based on good DD.
GLTU also and thanks for sharing your knowledge and chart expertise.
What revenues? They (HBRM) has never stated what percentage of the sales revenues they will be receiving so no one knows. Kamasutra is bearing the majority of the financial burden and risk so I am sure they will be getting the majority (close to all) of the sales revenues as well. HBRM may be looking more for name brand exposure then income revenue which to me is not a balanced approach.
I spoke on the phone with Dr Agnes about this and she indicated she would be updating shareholders with some type of PR in the near future. She said there have been 2 phases of buy back already but would not specify the amount of shares. She also said that any future buy back is presently on hold as they have been diluting to raise capital for these new ventures they are pursuing. They presently do not have available capital to continue with the buy back from what I understood during our phone conversation.
If it hits .03 by Friday, I will send you a bottle of Kamasutra vodka.
Nice descriptive analysis although I do not put a lot of faith in predictive analysis at the penny level due to MM and other party manipulators, it is nice of you to break it down and show the positive signs that you see in the chart for the upcoming week.
It appears they have all the approvals required if they are already shipping, taking more orders and selling bottles in stores presently. The real question that has yet to be answered and is rather concerning is what percentage of the sales revenues will HBRM be receiving? That info has never been revealed and if they are not receiving some decent revenue from sales with their Kamasutra partnership then it certainly won't help with their million dollar debt issue.
Overall, a very good last 2 says since the announcement of first vodka order. Good volume with nice accumulation and slow steady rise in the PPS with very minimal dips. Guess we will see if the momentum carries us next week. Would be nice to get another good PR to bolster investor confidence and continue this climb.
Have a good weekend everyone.
I hope you are correct however, I do not put a lot of faith in predictive chat analysis at the penny level. Far to easy for MM's and other parties to manipulate at this level. I do agree that the Fall season will tell the tale for HBRM and where it might go up or down. August is traditionally not a very good month for stocks typically so hopefully you are right and the buying will continue and the stock will make a slow and steady rise.
What is your speculated timeline for this guess? End of the year?
Set it at .02 and wait a little while.
One of my other microcaps does this after every financial report. The entire BOD is on the CC and they go one by one and give a state of the state review of the companies status and then open it up to questions. To me, this gives such a nice view of what is to come because as you review their statements later in transcript, you get subtle hints and clues as to what my be coming down the pipe. Same could apply to HBRM and if it builds investor confidence, that is the key. I am pretty sure Dr. Agnes may try this after the next financial report especially if the report is better then prior ones.
The PR firm does have some big clients and a good rep from what I can tell. Looks like rather then putting out nonsense PR's as before they wait and put out something with real substance to it. This is much better in my opinion. Dr was taking notes during our phone conversation and she seemed to really like the CC idea after the next financials are released. Cost would be very minimal and would give investors a chance to ask pertinent questions of her and the business strategy for short, mid and long term of HBRM.
I think you are correct after this little pullback hopefully.
Apology accepted and nothing personal, everyone is entitled to their opinion but I do like to keep it real as possible whether it is good or bad news. With 7 figures of shares, I am cautiously optimistic here. As I posted before, talking with the Dr for an hour was a nice surprise that I did not expect. If she can use this PR company effectively and clear up some of the cloudy areas then I think investor confidence will build. GLTU and the rest also.
Resistance at .0058 that needs to fall for the next leg up move.
I have to admit that I am liking the movement today. As was stated if some nice PR comes out this morning, could get a nice run to end the week.
How is it going to be huge? HBRM has not even stated what percentage of gross sales revenue they will be receiving so you have no way of knowing.
If they are not receiving a decent chunk of the sales such as 10% or higher then I certainly have concerns. I do not think having your name in small print on the back of the label is going to do much for the stock but positive cash flow will.
You know, now that I think about it, the Dr told me that the PR firm contacted her (not the other way around) and asked to represent HBRM as their PR. She said they normally charge 25K a month but that HBRM was getting a special deal as they did not have that kind of money available (her words not mine).
I think we may know where that 50M shares went not possibly which she said was sold at premium.
How do you know this? Who is the energy drink alliance with?
Oh I am well aware of a lot of things including that with regard to Elite. Just like showing how they put the information in their 10K demonstrating that their product and tech is superior to Purdues. They will dominate this market space world wide.
I do think the drug approvals will be mated with the approval of the new facility to manufacture scheduled drugs.
Yes, there is dilution occurring which is ongoing for sometime now. This was confirmed via my phone call the the Dr. She acknowledged that dilution was necessary to bring in some working capital because they need money for these new ventures. While I understand the need for money to expand what concerns me is that the current product(s) that HBRM has are apparently not selling well and bringing in the necessary revenue that the company needs so they turn to dilution which will have a negative impact on the PPS as we saw before this little spike on the vodka news.
For some reason people also seem to be forgetting that this bottle design and herbal vodka has been around for several years:
in the 10K
I am just convinced that Elite has already done in house volunteer clinical studies with 216 and 154 on live patients and they know the product works and works better then anything else currently out there. Now they just need to show this to the FDA. This is why during the last CC JT stated he was not worried about the phase 3 trials being successful at all.
Unfortunately, we have no way of knowing what percentage of the gross sales revenue HBRM will be receiving. Why this is being kept secret is a mystery to me. Dr. Agnes would not say on the phone either other then that Kamasutra is a private company so certain information must be kept private. She seemed more happy with the fact that HBRM name would be on the label for the bottle thus giving exposure and advertising. While good, it certainly does not replace income revenue which is greatly needed by HBRM as they have serious debt issues. I can only speculate that the percentage of gross revenue sales that HBRM would be receiving from the business partnership is so low that they did not want to put the number out there due to the fact that HBRM really has no working capital to front the money for this product production but that is just my opinion.
Abuse Resistant and Sustained Release Opioids
A once-daily oxycodone formulation was developed by Elite, using its proprietary technology. An investigational new drug application, or IND, has been filed and Elite has completed two pharmacokinetic studies in healthy subjects that compared blood levels of oxycodone from dosing the once-daily product and the twice-a-day product, OxyContin® marketed in the U.S. by Purdue Pharma LP. These studies confirmed that the Company’s once-daily product, when compared to twice-daily delivery, demonstrated an equivalent onset, more constant blood levels of the drug over the 24 hour period and equivalent blood levels to the twice-a-day product at the end of 24 hours. Elite has successfully manufactured multiple batches on commercial scale equipment
Pretty surprised no one has made comments on this yet. Studies done on live patients and they basically compared 216 to Purdues current product. Studies showed that 216 was better then Purdues.
I really think the drug approvals will coincide with the FDA/DEA approval of the second facility to manufacture scheduled drugs which can not be imported.
Are you and the rest being compensated by HBRM or a 3rd party?
I am guessing that the FDA has one or two persons assigned to Elite for the purposes of reviewing their pending drug applications and their 2dn facility. In my opinion these FDA investigators create a file and combine everything in it whether approved or not approved and then once completed, the file moves up to the second approval level for review. Once this is done, I think Elite will get multiple approvals for their applications and 2nd facility either simultaneously or in rapid succession of each other.
Yes, she told me on the phone she would like to move up to the BB from HBRM's current listing.
Yes, I am a little puzzled how she claimed to never receive any of my prior emails or voice mail messages but she did make 2 attempts to contact me back this week and on the second try we were able to speak for quite awhile. I think she understands the importance of clarifying the 100M share buy back for her investors with an updated PR. As far as the 50M shares which you cleverly noted in your DD, she was intentionally evasive in my opinion but this may be due to limited info she is allowed to talk about. From what I was able to gather, HBRM sold them "at a premium" (her words) to an individual or group meaning insider in my opinion. Perhaps no documentation is needed if the person(s) is not a 10% owner or above? She dilution was necessary for working capital as they had no money to move forward with these other ventures. I like the fact that she is working towards uplisting to the BB as a short term goal.
So it appears we are in the rinse cycle today with HBRM stock.