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April 20 can be a big day. I don't see Todd or Josh however giving any info regardless of what they are able to do until months later.
They are not very forthcoming with any news "good or bad" till much later after the fact. That's why I'm going to sit around at least six more months.
I'm going to stick around a while longer and hope the management grows up. Since they are the only management the company has, I will continue to have faith in them for now; knowing that faith is a belief in something without empirical evidence or facts.
The one hope I see for them is if Todd can parlay his military contacts into a government contract for BLDV that make them a leader in testing. This assumes congress passes a bill that requires third party independent testing.
Josh talks about uplisting (requires PPS to be above .01) and issuing audited financials so they can play in a different arena, but somehow they don't even know who the CFO of the company is?
The Keystone Cops looked more organized than this group of clowns.
Every quarter it's the same thing: they file at the last minute, usually with nothing of significance to report and then realize their report is wrong and needs correcting.
It reminds me of walking into high school in the morning and realizing a report is due; then throwing something together in a study hall just before class. The difference being I eventually grew up, Josh and Co. obviously haven't.
This is not a question of trust.
I believe the results and facts speak for themselves.
With all the shares outstanding, even if they retire the 1.2 billion shares it will be difficult to stay above .01 unless more shares are bought back.
They need to buy back at least 2-3 billion more shares in addition to the 1.2 billion for this to see a nickel. And then only if the company shows real and substantial revenue and profit. Remember there are about 7 billion shares outstanding and this more than anything is keeping the PPS down.
NO. Josh has had 700,000,000 shares from Cann10 for years saying he is going to retire them, and the company supposedly bought back 500,000,000 shares from a private investor for $250,000.
That's a total of 1,200,000,000 shares that should be retired. The question is when will they actually do it if ever. People are getting tired of the excuses of why they haven't returned them to treasury yet.
Their last quarterly/annual report showed no real revenue or profit and their cash position has deteriorated significantly. This may be due to the virus so I'm keeping my patience for at least two more quarters to see what kind of results they can generate. As bad as the last quarter was it could have been a lot worse.
There's been so many false take-offs that people are loosing hope and patience.
Until the company actually does something this slide will continue.
People get impatient and sell into the bid when there is:
1. No real news
2. No real revenue
3. No real profits
4. No return of stock to treasury
This is what is causing the downward drip every week.
What a bunch of meaningless dribble. It says right in the article that HIPH paid them $4250 to issue the PR. Probably paid for with stock since they don't have any money; plus anything in the article comes directly from what HIPH told them, not any research or DD done on the part of Goldman Small Cap Research.
Here is their quote "Goldman Small Cap Research study did not make an independent investigation or query as to the accuracy of any type of information given by the Firm, or other firms. Goldman Small Cap Study depended entirely upon info originated from American Premium Water Corporation (“the Company”) licensed press releases or legal disclosures made in its filings with the UNITED STATE Stocks and Exchange Commission"
To the 5,475,585,689 shares outstanding currently you need to add an additional:
1,275,000,000 that the outstanding preferred shares (class B & C) can be converted into so the total outstanding becomes 6,750,585,689.
Also if the rest of the preferred shares get issued, they've already been authorized then the total common will go over 7 billion to approx 7.5 billion.
If the company doesn't show something positive in the next report (due out now) then expect it to go lower than .002. It might even see trips again.
As long has the outstanding shares stay around 7 billion and the company doesn't show significant revenue, people will continue to loose patience and sell into the bid causing the PPS to continue to drift down.
I don't expect much for this quarter/annual report. Partly because of the pandemic, but also they have not issued any PR's that would indicate they have any real revenue coming in yet. Also if they did have great financials coming they wouldn't wait until the last minute to release them. They need to be out by the end of this month or look for the yield sign again.
For the price to go up significantly they need to generate at least $3-$5 million dollars a quarter, and they need to do that consistently. Even if they did that the PPS might not go up for long as there are almost 7 billion shares outstanding, so even at these numbers they are not making any money per share.
This becomes problematic because they are unlikely to do more that $20 million in revenue per year since they really don't have any product that they sell.
Until the company releases their financials the PPS is going nowhere. It will probably continue to drift down as investors loose interest and patience and move on.
This is Pinkie-land and many look for instant gratification. BLDV will not provide that.
When the reports finally do come out, if they don't show significant improvement, I think you'll really see the people jumping ship so be prepared.
With almost 7 billion shares outstanding even if Josh and company retire 1.2 billion there's still too many shares outstanding.
If the next quarterly/annual report does not show significant improvements in revenue and profit expect to see people dumping and moving on to other opportunities.
Whether it goes down to triple zeroes is questionable as many people bought at higher prices and may not want to take the loss.
Since the company is waiting till the very last minute to file, I don't expect the news to be very positive, but maybe the rest of the year will show some progress. If the next three quarters have good results I can see the stock rising to .015-.02 cents per share; otherwise it will drift lower and settle somewhere in the .002-.003 range.
The only thing coming is heart ache. If they had anything good to report their quarterly and annual report would be out already.
The fact that their last conference call and PR was more fluff says it all.
That's not to say they can't do something huge in 2021, but right now I don't expect to be overwhelmed with what they will be reporting.
Also the fact that they can't get the 1.2B shares of stock returned after years is worrisome.
You may be right, but the following is what I thought and what I found on-line:
Required companies to file earnings reports no later than 45 days after the end of their first three quarters, and both quarterly and annual reports no more than 90 days after their fiscal year ends.
Dec 23, 2020
Annual & forth quarterly reports are due 90 days after fiscal year end; so the report should be due the end of March to stay current.
Hopefully they have something positive to report.
What you say is not necessarily true, because they have not said what type of restrictions if any will be placed on this special class.
They already have preferred stock issued that can be converted into billions of shares of common. This is another area that should be addressed.
"They have a lot of great things going,"
If that's the case why are they issuing more stock? The answer of course is because they aren't making any money.
What they are doing almost seems like they are trying to drive the stock price down.
It can be either.
Regardless it dilutes the common or subordinates them.
This is not good news; instead of retiring shares they plan to issue more shares.
What this says is they have no funds to support their operations and are going to raise funds through a share offering.
All this will do is drive the PPS down.
In order to up-list they need the share price to be over .01 for at least 31 consecutive days, hence they need to do something to increase the PPS.
That can only happen if they do the following:
1. Reduce outstanding shares dramatically
2, Demonstrate the ability to generate revenue consistently
3. Show profitability quarter over quarter
So far they haven't demonstrated any of these things, and now they want to issue another class of stock. This makes no sense.
Soo Disappointing
Maybe news will come out next week and the price turns green.
That would be great if everyone had to buy their picks and shovels from us. Unfortunately there are a lot of others out there selling picks and shovels.
If Todd could get legislation passed that made all the companies buy their picks and shovels from BLDV, then the company would prosper.
They're not worth very much until you know how much revenue they actually bring in.
Cannabis being such a competitive industry with very few companies making any money, it's hard to see how royalties to BLDV will be significant, especially since BLDV is not directly in the Cannabis industry.
Again this is where the company is too opaque. No details of how many or how much the contracts are worth or the timeframe we can expect to see revenue.
Last year they had one quarter where they made some money($1MM revenue), but they never explained where the money came from or what is was they did to earn it. It just miraculously appeared in the quarterly report with no explanation of whether this was a one time occurrence or if this was recurring revenue.
Todd and Josh are in control of how the company is viewed by investors. Their silence and lack of action is what is driving the stock down. Until they can show something positive the drip will continue.
The fear is there is nothing positive to show and the reason for the silence.
I'm in this for the long term, and have been since the goat days. I agree that vets should be treated better, and that it is a disgrace how the government abandons them after they have served and given their blood and loyalty.
My point is that Todd may have all the right intentions, but can he actually deliver? I hope so that is why I keep holding. But he keeps disappointing. There is no reason why Todd and company can't be more transparent and keep investors informed with real news and info. It's not that hard or time consuming.
The fluff keeps the price bouncing like it did last month when it went over a penny. Now that reality has set in with investors we have seen a constant drip down in price daily, with overdue financials.
There's no excuse for the financials not being issued already, but they will issue them at the very last minute like they always due. They might even ask for an extension like they have done in the past. For a company this size and the automated accounting programs available, why it takes them more than a day or two is a complete mystery. Even when they issue them, they can't get them right and have to amend them two or three times. It's a disgrace.
Didn't they mention in the call that revenue was down in 2020 due to pandemic?
Exactly what I'm talking about, vague BS to justify their results. The year ended December, March is almost here and no quarterly or annual report yet. It can't be that complicated to do for a company their size.
If they had something good to report it would be out already. Expect forward looking statements about all the wonderful things in the pipeline and plans going forward with little revenue/profit.
I hope I'm wrong.
People have been holding for years only to be disappointed time and time again.
News that the company puts out is usually vague fluff that doesn't translate into real revenue or profits. The last call with Josh and Todd is a perfect example of not giving any concrete news, just wishy washy plans and what the want to do in the future.
Their annual report is due within the next couple of weeks. If they don't file on time the yield sign will be back and you will see an exodus of biblical proportions.
My feeling is if they had a good report to give they would have given it already instead if waiting until the very last minute.
Till news or reports come out it will continue to drip lower as people become impatient.
If news/reports, when they come out, are not extremely positive and show progress in revenue /profits be prepared to see a big dump.
The company tried a reverse split a while back, but was denied by the DTCC because of some legal issue with a stockholder. Since then Josh has said he would not do a reverse split.
I believe if he could get the legal issue resolved, which may be what the 500MM shares could do, I wouldn't be surprised to see them try again.
I say this because the company hasn't shown a desire to buy back shares except for the 500MM; but was willing to pay twice what shares were selling for at the time. If they really wanted to reduce share count they could have bought back twice as much for the same amount of money, so there must be some other reason for them to pay a premium.
I hope your right WNF, but not giving updates is going to hurt the SP. Until news comes out this continual drip down will continue, and if the quarterly/annual report doesn't have significant revenue or profits it will be like rats leaving a sinking ship.
This management has disappointed investors so many time I don't know why I keep thinking things will finally change.
I don't see the stock moving much until the following things happen:
1. Retire the 1.2 Billion shares of stock as promised seems, like years ago.
2. Issue a positive quarterly/Annual Report-This is due now and should show significant revenue growth for the PPS to go up.
3. Let stockholder know about future plans and progress. Something concrete, not the fluff they usually spout.
In addition the following should be done to raise the PPS
4. Retire the preferred stock that can be converted into billions of shares of common.
5. Buyback and retire an additional 3.5 billion shares of common to bring the outstanding shares down to a reasonable amount.
I agree with you that KGET is all BS; and everything else you list, but
I don't see any social media pumping going on to account for the large number of shares being traded every day for some time now.
Even if you do the slightest of DD one immediately finds all the lies and treachery of BOBO, so I can't see people throwing their hard earned money into this scam company and clown. I can see it maybe for a few days, but this has been going on for some time.
It makes no sense that so many shares should be traded each day without news and no qtly reports for two years.
Someone must making a move on this company for some reason yet to be revealed.
I have to disagree with your analysis. If they wanted to suppress the share price all they would have to do is not say anything about the share retirement, and they would be able to buy back all the shares they wanted at triple zero rates.
My fear is that they will issue a report that shows very little revenue just like the last two, but issue a PR about all the wonderful things in the works again.
I've been holding shares for a long time and am hopeful that there will be a steady increase in sales and revenue, and that there is some master plan in the works. Time will tell, but I am convinced that Todd has a plan otherwise he wouldn't pay $250M for the 500MM shares he bought to retire when he could have bought them on the open market for half that amount at the time.
Clearly not finalizing the share reduction has had a negative effect on the share price. If Josh & Co can't do something that simple, don't expect the SP to move.
The other item that is on investors mind IMO is the revenue, or lack thereof. The last two quarterly reports have shown meager amounts of revenue, and another report is due. If this next report doesn't show significant improvement in revenue, expect the SP to drop precipitously.
How many bottles did they ship? Typically in the past the shipments have been 12 - 24 bottles shipped by UPS.
Does anyone know the size and value of the contract; if there is one?
Hopefully they shipped more than a dozen bottles this time.
So would I