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From my observations, many trades at .0007 are actually buys not sells.
Strange trading today on ALKM and PURA. 20,000,000 shares just traded at .0007 for ALKM and none of them registered a change on the Bid or Ask volumes.
I think the MM's pulled the phony block of about 40,000,000 because they are ready to let this rise at last (it was not a sale).
I am sure glad I am sitting on my shares from $61.00. This is normal to Halt Trading during the panel meeting for Biotech. I say this opens between $140 and $160 only to skyrocket. There is no sell on this news. IMHO
Upgrade on Flyonthewall to $25.00
From your post to god's ears...
So with 5 Billion Shares out and a price of .0007 the current evaluation of ALKM is about $3.5 Million. Assuming there is little debt after paying off the two creditors with stock, that valuation would mean about $2 Million in Revenues (using somewhere between 1.5X and 2X Revenues). So what happens when they reveal Revenues to be several million dollars or more. Same math makes (using just $5 Million X2) the valuation around $10 Million making this fundamentally worth about .002 per share. I believe that Revenues will be higher, growth rate will be accelerated, new markets and products will be revealed as well. Potential and Speculation will be worth even more. I am hoping to see .003 soon after ALKM's situation is made clear to us, and a solid "stair-step" chart going up to the right for awhile. (IMHO)
There is nothing illegal, they would be selling the Company both name and assets. We shareholders will be getting something for our shares. It may be very little, or it may be more than than current stock price. I believe the first $2.5 Million or so will go to pay off debt, and the rest will be divided over the 15.5 Billion O/S Shares. We will have to wait and see. I am bummed that it will not be the 100X returns I dreamed of. I would use some or all of what I get from the sale of USMJ to buy PURA (IMHO). PURA will have all assets (except the Americanna Cafe) that I invested in USMJ with only 3% of the outstanding share structure. More bang for my buck. I have 50,000,000 USMJ shares so I do share your frustration.
I hope you are right.
Wouldn't you if you were them? Maybe the buyout is for $15 Million (I doubt it though) and we will get .001 per share. Maybe just the fact that they are ending a shell company with a share structure that has become so suffocating that even if the company survives it, it will never be able to increase in stock value significantly, so this is a way out. Or maybe a combination of the two. Then again they could be selling for $1 Million or less and they are trying to unload the last 2 billion shares before that happens (the "Money Grab"). All I know is currently my value is down 40% and really I can only lose so much more.
I am going out on a limb and say we close Green today.
I agree, we current USMJ shareholders are not going get our big payday that we were all dreaming about. I assume that the buyout price will be higher than current share prices (but not by much IMHO). If some one wants the restaurant Americanna-Cafe, which is the vast majority of current assets of USMJ, then they will buy USMJ while they spin off other projects to PURA. I imagine that the buyers don't want all the other products/pipeline idea and are forcing these things out of the deal. My buy in price is .0005, I would be happy to get that back at this point. I have a much larger stake in PURA with less O/S's and better ability to turn revenues/profits into share value by a factor of 30 to 1 over USMJ. Other than being a good name and ticker symbol, USMJ is dead at this point.
I am really excited for the first time in about 6 months with this stock. I think tomorrow and Thursday we may see spelled out, in much more detail, what many of us have been speculating for the last year.
IMHO
We lose money at this point if they sell USMJ (Americanna Cafe) for less than $7 Million. $7M/15,500,000,000 Shares = .00045 pps. I hope it goes for much more, but my hopes are low.
I smell .03+ going into the weekend.
He has a lot more ASSK Slapping to do to get this to .0009.
I hate to say it, but this is what raw Dilution looks like. Don't be so worried, they only had about 1.5 billion share left to issue (10% dilution factor). I am not being snarky when I say that, only positive. If they are truly breaking up USMJ to sell and transfer assets to PURA, then they will need cash to do so. Selling a company is not easy or cheap. It may be a cash grab for ACI too. I think that the sale of USMJ will not help shareholders very much if at all, but if you are also involved in PURA (the one with real potential and 3.5% of outstanding shares or 30X more concentrated), it will be a good thing. Getting rid of the debt and share structure is a good thing. PURA will get all the potential revenue that would be wasted on USMJ and the Americanna Cafe is a decade away from fruition unless the new buyer has a ton of cash to get it franchised much sooner. All my musing...I have no real information about what is really happening.
Form T Filings: Some Lessons
In the OTC market, Form T trades are mostly the result of accumulated buys or sells handled on a not held basis by block desks, otherwise known as 'late prints.' They have nothing to do with short-selling. Large blocks of shares may not all be sold in a single day, so a broker or market maker would file a Form T for the remainder of shares listed at the average price that day's shares sold for as if they all had sold. If all the shares had sold in that one session, the transaction would have been recorded normally.
Read more: Form T https://www.investopedia.com/terms/f/formt.asp#ixzz5CUY3Bqx7
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In essence it is a trade (or group of trades) that MM's don't record until after the closing. There is no OTC aftermarket trading and they are required to report all trades. MM's can hide trades like these and make them look like either a buy or sell if they want. My interpretation of the situation here is that an MM (or more than one) is able to buy a large chunk of shares for a set/known average (below the BID) either from other MM's, the company, or maybe those two debtors that were paid with a couple billion shares of stock in lieu of cash. They then short the market in the same volume down to their cost factor. The average cost for this t-trade was .000597. They shorted at both .0007 and .0006. They sold about 25,000,000 shares at .0007 and close to 100,000,000 at .0006. In the meantime they covered with 120,000,000 shares at the average of .000597. So we all see 120,000,000 shares sold and they can cause panic and trigger sell stops, but in reality this was a 1:1 buy:sell which gave them profit with essentially no risk. The fact that they are still t-trading everyday means that they have more shares to do this with (IMHO).
120,000,000 t-trade. Equal to almost all trading during regular hours...hmmmm!
Got 10 million more at average .0062. If you had told me that would be possible after the FB posts I would have said you were crazy. This is like shooting tilapia in a barrel full of alkaline CBD water.
The after close t-trade will tell all. MM's accumulating for the coming run.
Agree, better to moderate expectations. Less chance for resentment.
I gassed up too soon, getting in on the .0006 action now.
I do believe (IMHO) that these huge 25,000,000+/- trades are actually Dilution (I know PR loves to hear this), based on the assumption that if there is going to be a sale of USMJ they may need cash to settle a few things as part of the deal (or just a last minute cash grab). It matters not to them if they have 13.7mm O/S or 15.5mm O/S at time of sale. I am guessing that some one wants the Americanna Cafe business and the North American Cannabis name only. The rest will be transferred to PURA which may become a Holding company now. I image the deal will be about a wash for current holders of USMJ, not a windfall as many buyouts are (hope I am wrong). PURA will benefit greatly (IMHO) with all other assets and current deals switching to them and their much reduced O/S position <500,000,000.
Thanks for 2,000,000 more .0007's. Yeah!!!
FACEBOOK (1/2 hour ago):
"Alkame Holdings Inc. We won’t know until we reconvene on Monday or Tuesday when we have the auditors full attention. At that point we can go back into the K and see if there is anything left to tie out, and then get it into “partner review”. This may take a couple of days, so it’s impossible for us to give a drop dead date. However, we’re not talking a lengthy delay, we’ve passed third base and on the home stretch."
Mixed Metaphors aside, I would comfortably guess release of financials by end of the week after next (if not sooner).
Gimme more .0007's!!!
From your post to God's ears....
I can't be exactly sure what transpires with these MM's, but I can be pretty sure today' t-trade had nothing to do with Dilution. If it had been dilution, there would be no corresponding t-trade to counter the 100,000,000 (apparent sell) this AM. Dilution would be a sale of new stock through the MM's and no counter transaction. The MM's made both 100,000,000 share trades appear as sales on iHub's trade Trade page. If there really had been 208,000,000 shares on the sale side vs. 23,000,000 shares on the buy side, this stock would be trading between .0005 and .0006 right now or lower. This stepped-up, marked manipulation is getting me excited that the time is near for ALKM to make a move upwards. Grab the scummy coat-tails of these MM's (Market Manipulators), and ride it when they allow it to run.
There you have it. 100,000,000 t-trade. Tomorrow or the next few days could be what we have been waiting for.
Sorry for the duplication. IHUb said the first didn’t post. Don’t text and drive kids...jk.
There you have it, your 100 million share t-trade after the bell. I think tomorrow or later this week we get some kind of news.
That 100 Million share swap was probably just MM's using a formula to short enough shares down to trigger a bunch of stop losses to repurchase the shares instantaneously and collect the difference. Curious to see the t-trade numbers at 1:15 PM PST. IMHO of course.
I am glad a second set of eyes saw this potential too.
Holy crap, are they switching all assets (the ones that I am interested that would make big money) to PURA from USMJ thereby giving it to the company that has 500,000,000 shares outstanding in stead of 15,500,000,000? That would be awesome. Get rid of the Ameri-canna Cafe and other small potatoes operations (even if successful would be highly diluted) and concentrate big money makers like Extraction, Growing, Edibles, Dispensaries, etc. under PURA. I'll even take a loss on my USMJ Stock to bolster my PURA stock.
"...Puration is not part of the acquisition proposal. Accordingly, any assets, operations and business development initiatives not earmarked for consideration within the unsolicited bid, will be directed toward Puration for ongoing management and development. Among other assets, operations and developments, the cannabis cultivation operation acquisition initiatives in California and Canada previously announced as a joint effort by both North American Cannabis Holdings and Puration are not included in the unsolicited bid to acquire North American Cannabis Holdings. Both the California and Canadian acquisition initiatives continue to develop, and in the event an acquisition of North American Cannabis Holdings proceeds, Puration will continue with the California and Canadian acquisition initiatives on its own."
Better hurry up and post it, I think next week ALKM might beat you to it.
I believe that many of the transactions taking place at the Bid is covering of MM's Short Positions still. I bought 5 Million more today @ .0007 and many of them show as SELLS on Investorshub's trade screen. I would not be surprised if it was almost all buying today. I have seen days recently when 90% of trades appear at the BID, but the price did not go down, and in a few cases ticked up. It is very suspicious that the calls by a certain posters for Dilution coincide with these big cover days. Cheating MM's are the only ones that can make all of this buying look like selling. I would not put it passed them to either be, or hire, certain posters to help the deception along.
Area Code for Contact has them in Rhode Island?
So reading between the lines, it seems like there would have been a lot of other clients of our auditing firm having to report their year end 2017 reports within 90 days (by April 2nd) that would take precedence over ALKM's already late filings. On that note we may be able to expect financials out as soon as this week (fingers crossed not to jinx it) with a slew of other news to follow. Every day we wait is one day closer to whatever day it happens.
Is this something they are co-packing for some one else (Soothe Tea), or is their own product development? It is looking like their own tea brand to me.
Market Cap of $46MM is very doable. They are doing a ton of co-packing water and beverages for many CBD producers, and Eakle stated that they are doing 10X that in drink mixers. Revenue from food packing, etc. should be many millions at the least. Fundamental analysis will have this worth $10MM to $20MM in my opinion/estimate (hard to know for sure with out FINANCIAL ), but with Aquaculture, their H2O patent, grow operations, and other deals we do not have privy to yet, potential should be a lot more. Do you think a major bottling company may like to lease their technology to use on things like: Gatorade - Now with 10mg of CBD in every 16oz bottle! Monster Energy Drink now with Immune Boosting CBD!
Right now MM's are in complete control of this. Days when Investorhub shows 90% of trades happening at the Bid (or below - T Trades) is just MM's covering their short positions, getting ready for the next run-up. I don't mean to be a conspiracy theorist, but MM's deal directly with the company and may have a deal with ALKM to hold financials until they have covered and collected a surplus of shares at the bottom so they can unload on the way up and short it out again near the top. MM's shorting is not the same as you and me shorting, they are just promising to deliver shares when called upon, they are not selling shares for cash and having to buy them back. It does not show on the OTC short watch as shorted shares, only as shares sold. Also some of the posters here, both positive and negative, are working with certain MM's to influence public opinion on this board. Believe it or not it matters to the movement of the stock. For everyone who posts here there are many more that lurk and read. People new to this stock come across certain posts that pop up multiple times daily calling out REVERSE SPLIT, DILUTION, SCAM, and turn away. MM's know how to make Level 2 and Trade Action look the way they want it to look. OTC stocks are not nearly as regulated as you might think (I would take a future reverse split to get upgraded to the NASDAQ any day). It is a base and scummy way to make a living.
I like everything I can see about this stock except the lack of news. I do hope that ALKM was able to get a little cash during the run-up to .0026 by selling some shares into the public too. If they come out with current status of reasonable or manageable debt, some cash on hand and a lot of receivables and business back-log, I expect this to be at least .005 on that news alone. Then we will see what value the public places on future endeavors.
Can you connect the dots for us and explain the significance. TIA.