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Frankly, they poorly utilized the time yesterday's conference call. How many times did they look at each other and ask if they were out of time? These are high level executives!! All the other presenters in the conference (other companies) were fully aware of the allotted time and used it wisely.
Other companies before and after them came prepared with good slides, meat on the bones, detailed financials, some showed pictures of their facilities, and they managed their allotted time wisely and left plenty of time for questions.
This conference call was a missed oppotunity and I hope they learn from it and do the next one more crisply and with better slides, more details, more meat on the bones. I think they only gave us scraps.
Instead of Dr. Hurley holding up and rotating products that were out of camera focus at times and not held there long enough to see closely, she should have instead had slides laying out their product lines and what they are used for. Then show a graph of their top 3 or 5 revenue-generating products with financial details. There were so many missed opportunities.
Because they managed the time so poorly and the presentation was disjointed, they left no time for questions, I think angering many shareholders that wanted clarity and clear direction going forward.
This, I believe, is why the stock retreated ~60% yesterday and most likely the stock will drift downwards over the coming weeks until there is a clear press release from the company that provides at least some of the clarity we all want.
That being said, I am not a "dumper" of this company.
I believe they have the $2-3 Billion in seeds, the $300-400 million in purchase orders, the 5000 hectacres farm, the distribution network, the strong drive to help people in pain, the extraction technology and so much more. It is clear they have the medical doctor expertise. I see a $5-10 billion company here. I just wish the conference call was done far better.
I'm holding and adding more on drops and will see what happens.
Lacks bid support and may be retreating back to 0.0050.
If I heard right, CEO said they have 2-3 Billion seeds stockpiled. I was not clear if this was 2-3 Billion dollars worth of seeds or 2-3 billion seeds. BIG difference!
My assessment of this press conference:
This was a disjointed presentation. It was not well oiled, not a smooth presentation, and the slides just lacked in detail. They easily could have had pictures of their many products and showed a slide of samples and projected financials, but did not. They easily could have had a few slides from the Dr. Hurley presentation, but she showed no slides.
They were clueless on how much time they had.
Because they were not well organized, they ran out of time for questions, and no questions were fielded.
Frankly, a little disappointing given the hype. They do seem to have the farm, products and technology for extraction of cannabis oils.
Dr. Jay talked about needing a few months to properly calculate the stock value.
I watched all the other presentations in this same conference and all of them were better than this one- full of details, fluid presentations, meat on the bones.
Watched presentation by CEO today. Exellent presentation with meat on the bones.
This is a very solid advanced company with many projects very far along in the mining of metals. Seriously undervalued stock and 400 million O/S.
I watched other presentations earlier in the conference. These are legitimate companies, many of which are seriously undervalued stocks. Seems there are so many stocks that it is sometimes hard for solid companies to get shareholder interest. These conferences are a good strategy to get the name out.
P*VSP has cannabis products on market already and a brand that is 9th ranked in the country.
A*VLNF is an advanced metals mining company and very small share structure.
On deck: TXTM
Watched press conference. Artizen is 9th largest brand in the US. CEO said stock is grossly undervalued.
Copy-paste from his last summary slide:
•9th largest national cannabis brand, poised to expand and grow market share of recreational cannabis sales in WA State from$17 million to $35 million p.a. – WA STATE ONLY!
•Additional growth from nationwide expansion in 6+ states andCanada by end of 2023 through brand licensing & strategic partnerships
•About to expand into the Wellness market via a separate venture under the Artizen Wellness name; a market generating over $110 billion p.a.
•Management team has delivered significant progress and is executing its restructuring and expansion plans
•Grossly undervalued stock at $17 million in 2021 revenues and39% Gross Profit
Protext Mobility, Inc (OTCPINK: TXTM)
https://goto.webcasts.com/viewer/portal.jsp?ei=1552105&tp_key=e6b72c2da4
12:30 – 1:00 EST
RSAMMD Acquisitions LLC. (OTC Pink: TXTM) is a jointly owned business of RSAMMD, a South African pioneer in the research, cultivation, production and distribution of medical cannabis and cannabinoids, and Dr. J, who operates the 5000 Hectacre New Castle Farm as well as the federally issued cannabis and hemp licenses.
Keynote Speaker: Dr. Ahmed Jamaloodeen
If it sells through 0.0120 it may retreat rapidly back to 0.0100, so be careful.
RSI 95 on 1 month chart. RSI 60 on 5 & 10 day chart. RSI 52 on 1 day chart.
Probably trades somewhat sideways until after Wed conference. Shareholders and future shareholders eagerly want to know more.
NEWS: kind of a let down after waiting all day. We already knew about next Wed press conference!
Press Release: "Hi everyone. Thanks for your support." End of press release. Result: stock moves up to 3 cents. LOL
Most of the sells are small lots under 200K walking this down.
Float not reported on OTC. But the trade lots being 10K, 50K, 100K, not millions at a time suggests float is locked up.
0.0179-0.0180 new pre-market B/A. 1 min later edit: 0.0189 bid
0.0171-0.0176 B/A pre-market. Possible Press Release today, possibly about stock buy back
I thought $4 was minimum NASDAQ requirement then maintain above $1.
https://www.investopedia.com/investing/the-dirt-on-delisted-stocks/
QUOTE:
Davinci "The Squad" Trader
@DavinciOTC
·
Jun 14
3-4 weeks we hit multi dimes.
2-3 months we hit $ land.
I agree with you. Float unknown, but the way this is trading in small lots- 10, 30, 50K, 100K, not 1-5 million blocks, suggests the float is much lower than we think, with shares locked down possibly by owners/managers/CEOs.
7.8 B O/S Yes, but we don't know the float number. The float is not publicly posted. They way this moved with 50K, 100K lots suggests to me the float is low and many of the shares are locked down, possibly by management.
0.0125 premarket bid at TD Ameritrade also.
$4 IPO- South Africa Cannabis company
Your $4 suggested price is reasonable. See this article below and all should digest it.
https://african.business/2022/03/agribusiness-manufacturing/aiming-high-africas-cannabis-future/
About 450 million trade in pennyland and 50K lots take it down.
P/S estimate: [~8 B O/S x .0085 ] / $ 7 Billion revenue =0.01 CHEAP. Price has to go up 100-fold to get to P/S 1.0
10 B A/S; 7.83 B O/S; Held at DTC: 3.96 B; Float: not available
I agree, 0.0070 is the major resistance point here. 52 week high of 0.0069. If that resistance breaks, blue clear sky.
Huge wall of 225 million at .0003, one tick flippers that got in at 2. Move your ask up a notch or two. I think this can run. Stock has run multiple times previously. Look at the chart's history, which tells the story.
10 shares or 10 dollars? Peanuts either way, peantutz. LOL
Less than 10 mil left at.0002. Can't buy it at 0.0001. Heavy volume good sign this may pop.
Oversold and volume way above average last 3 days. Looks like bottom here and moving up soon.
Added to watch list. Good news recently, stock suppressed, decent share structure. Nice bid building.
It's not 150K. It's $15 million the CEO is trying to raise.
I think the filing the CEO sent on offering the shares must be examined and approved first, then the offer becomes available on the exchange. I'm not sure if that approval process is days or weeks or even longer. Someone else here may know more on that.
Then I doubt we will see 1 order for 10 B at 0.0015. More likely, he will send in smaller orders, and probably GTC type so that his order has priority on the book (day orders expire at end of day, so a GTC will have priority if other orders come in next day at 15). There would always be some offered at 15- but only after the approval of his request goes through. It's going to take quite awhile for him to move 10 B shares, and possibly he will never get them all sold. I think effectively this will move the O/S from 7.9 B to 17.9 B if all those shares sell.
Since he has 10 B to move at 15, I cannot realistically see the stock going above that until all those shares are moved. So why buy now at 16, 17, 18 or higher when the price will be 15 when the approval goes through?
You should be able to put orders in at most brokerage houses. You can put in a Good-Til-Cancel order and leave it, or a day order. This stock is not restricted from trading as far as I know. Not sure I'd invest that much into this stock- spread it around.
The stock at OTC site (https://www.otcmarkets.com/stock/AHFD/overview ) has a yield sign and says "dark or defunct", but that notice there may not be up to date. 20 B A/S and 7.947 B O/S is posted there. The 7.947 B O/S is also in this morning's news, so the O/S seems up to date.
CEO is offering shares to public investors for up to a year. If anyone is interested in this stock, I suggest your buy point should be at or below .0015. CEO is offering 10 Billion shares for sale at 15. So why would you buy higher when you can get 10 Billion shares at 15?
You may make money on this selling short at 16 and then buying back at 15 in a few days. Lots of shares (90+ million) at 16. I'm thinking of going this route.