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Great, thanks, so that sounds like the 1.1 million contract can be fulfilled multiple times per year. Has anyone confirmed this? How much revenue per year can we expect from the contract?
TIA
Another question I'll pose to the board. Has anyone been able to figure out for sure exactly what is considered one harvest/how many harvest per year/ how much will we be making off our agreement with Agricola Consuela?
In the recent PR it says the first cut is already in July, but also that the 100 acres haven't all been planted yet. We should figure out exactly what the situation is. Is the 1.1 million the total revenue per year for the 100 acres?
In this PR it says the 1.1 mil will be harvested in two to three cuts. If the first cut is in July do the others soon follow or are they later in the year?
https://ih.advfn.com/p.php?pid=nmona&article=73669955
Are the different "cuts" considered different cycles? None of us are farming experts so I think we need a definitive answer from Jan on this, has anyone got one? The difference is potentially double the revenue and profit.
Cash is definitely good. It's what we need most at these early stages and I have been wondering a few things about our cash situation.
Since the contract with contel calls for progreen to get all of the profit until our costs are covered I believe we will be getting all of the cash from the first crop as well. Unless our costs were lower than half the profit we should have 600k by the end of the year to pay off notes etc.
But how much of future profits from both the agriculture and real estate sides will be reinvested in the business? For example, lot reservations/early revenue from the real estate. Contel gets 50% of profits but how much will they allow to be reinvested? We need all of that cash. This is a question someone might pose to Jan. I already have an email in to him waiting for a response on the possibility of putting in a sand beach, if he replies I'll ask him about early revenue from the development.
I thought they had plenty of water from what they already found underground on the land?
But what makes you think they've sold the 50k? VNDM hasn't been aggressively moving down. I haven't even seen it get hit. They are sitting at .005 right now not even trying to sell or move down. They might not have even converted all of the debt yet. (I believe it's 55% of the 20 day average sp but I can't remember).
Usually dillutors are aggressive on the ask moving down until they don't have any shares left. Doesn't seem to be the case here. It looks like they are waiting which means they may be trying to convert lower and sell at a higher price.
"Dilutors" don't dump, they sell on the ask. VNDM hasn't been involved on the L2 for weeks that I've seen.
What would make more sense is the dilutors manipulating the price so they can convert at a lower sp, thus getting more shares to sell later. That might be why we saw bmic shorting a few weeks ago, to keep the price down so the note holders could convert lower.
Unless you know something that I don't know.
Good thought but no, as soon as I changed the bid price only it showed up at 42 and 44. Also the bids getting hit below me were more than my bid. I eventually got filled but had to move it from 43 to 44.
Has anyone talked to Jan about the possibility of a sand beach being put in? From everything I've read it's very expensive and it seems like it could just wash away/would require a lot of upkeep.
And another 250k sold below my bid. It flashes every once in a while at .0043, leaving it there just to see what the deal is.
L2 has been hiding my bid for about half an hour. Also just hit the bid below me for about 100k. Every time I try to buy or sell here something weird happens. Last time I bought it sold me 60k in amounts of 750. Before that I hit the ask and it took more than 30 mins to fill.
Thanks, so we get 51% of these numbers, but if they are reinvested into procon it's like getting 100%, correct?
Also, I hadn't seen the video on the website under the reservations tab yet, is his new? It looks to be actual footage of our area shot with a drone, very cool.
https://www.cielomarbaja.com/first-reservation-offer/
I've wondered about this too. When does that money count as revenue? Is it paid in installments? Sorry I haven't looked into any of this yet.
Also do you know what the situation will be on the building and sale of the homes? Anyone know the profit margin?
I think all it would take is one PR mentioning their sales tripling and all of the new huge retailers selling the product for the market to actually take notice here, and none of the new investors would be buying your gloomy sentiment.
If you are here from the beginning and are at a loss I totally understand you feeling the way you do. I would definitely be upset too. But your extra gloomy sentiment absolutely doesn't describe the companies current outlook and opportunity at this PPS. IMO.
That being said, it's possible that we see some 6's, it would be nice to pick up some more cheap shares before the summer.
Exactly. Don't ever let anyone tell you that a company on pace to triple it's sales is a "good but not great" call. I guess you have to quadruple your sales to be a "great" call.
The "market" here is not a market yet. This company got into Kroger, Safeway, Whole Foods, Target, 7-11 and more without PR ing any of it if I'm not mistaken. They aren't pumping the stock and I don't think anyone listened to that conference call that wasn't already invested.
It does look like maybe they are trying to be quiet to avoid too much attention while they expand rapidly? I am hoping we at least get a PR when the Q comes out in a few weeks.
What even is this? What does this sentence mean? What are you saying?
You have been exactly wrong on GIGL when pumping it and exactly wrong on GIGL when saying things like this.
Haha, tiny debt, less than a few million shares at this level, not even close to being considered toxic. Completely misleading use of the word. Lawsuit is small potatoes too, everyone should do their own DD and look up the management team of GIGL and see if you think they know what they're doing.
This is outrageously misleading, everyone please do your own DD.
Might be coming down to pinks from qb for not meeting the listing requirement of trading at .01 or higher if I'm not mistaken.
I think that may have been a fake wall at .0195, either way it's gone for now.
I'm glad we're both here to represent our sentiment, I think every potential investor should listen to the call.
I agree, I got the feeling that they are hopeful that dilution will be minimal moving forward but like I said I suggest everyone listen to the call.
What? He said he was hopeful we were nearing the end of dillutive financing but admitted it may be difficult to find the kind of bank loans they are looking for with the size and youth of the company.
I don't recall him at all saying anything like "inevitable"
I highly recommend everyone listens to the recording of the call they will be making available tonight.
This is my point, this seems to be the absolute worse case scenario. And that's only if the dispute has merit.
I refer anyone to the 10k, research the background of everyone involved here and email the company with any questions. I've pasted part of the CEO's resume below.
I miscalculated earlier when I said I thought it was about 9 million shares they would owe if converted today. I think it's much less but everyone should do their own DD and make their own decisions, that being said, from the 10k
Anyone in contact with the company know when we can expect to hear about March sales?
Yeah I don't think this is manipulation by debt holders imo, it could be but they would be putting in a lot of effort for under 10 million shares. Like I said even if St. George converted all of their shares at .05 that is still only 9 million, we blow through that every other day here.
Guys do you realize that even if St. George converted all of their shares at .05 cents that would still only be a little over 9 million shares? We blow through that every day.
Also, I have a feeling St. George has already converted all of their shares prior to this, it doesn't matter.
This is what most of the posters here don't understand in my opinion. They could literally r/s the shares down to nothing and just issue themselves new shares for ownership and for new investors. I've seen it happen a few times. Not saying that will happen for sure, but it's a possibility, and that's why the stock isn't moving yet, we don't know what the ss will be moving forward. The board certainly doesn't owe any of the current shareholders anything, it's just a bunch of people trying to get rich off of their merger.
I said watch out for an r/s on this a few weeks ago and was met with many "lol's" and other posts saying it was ridiculous. But if the r/s is 3 for 1 or less than I would take a starter position here right away, until then it's on watch.
Also, there is this from the 13D, (most recent filing)
But like I said there are other reasons we are more valuable.
1. We build foot traffic. Mall's offering to pay for the build out of locations. This makes expanding, way, way cheaper if this continues. Saves, what was it a million $ or more for each new location? You posted new stores back then cost them around a million to open, that translates to about 2 million now. We would be paying no where near that. This would be a pretty big deal if it continues, imo.
2. The pizza market has always been one of the most saturated markets, we have very little competition, and has anyone tried chuck-e-cheese's food lately? Whoa.
3. They are going for brand merchandising. That could be big. Kids who love any of the organic food would love the brand and mom's would love to buy it. JMO.
And you didn't include the branding/merchandising opportunities here. Also this model is different. It drives foot traffic, mall's will potentially be paying for the build out of the whole entire restaurant. That makes it more valuable with start up costs for new restaurants being way, way lower if that continues. Also the competition is much smaller. Chuck E Cheese, that's pretty much it. The pizza market is saturated and probably was in 1993 too though I'm not an expert.
But you're not wrong, I thought it was overvalued at .25 with no financing in place yet, I was scratching my head.
No, when Pepsi bought them out they had around 25 locations.
Popcorn, playa. They might try to bring it down lower, but it does, imo, look like an orchestrated take down. The news release didn't warrant the big fall. It all comes down to getting the funding. GL
Set gtc sell orders above a penny
The CEO did say "a little less than 300k revenue in 2016" in his interview with Rich TV, I just re-watched the video to make sure. He obviously misspoke and it looks like he meant 2015. Doesn't really change anything in my opinion but mods if you want to delete the post I'm replying to it contains incorrect information.
I'll summarize for those who don't want to listen to the whole thing.
Small convertible left, around 45k, no new converts until June and they hope to pay them off with cash. (18:45 mark)
In 2015 the pps was .27, they ran into problems trying to launch and distribute Nyloxin in India which lead to the current situation with converts. They took a lot of debt thinking big orders would come in.
They believe India is a big market for their pain products. He said traditional opioid pain meds aren't used there (cultural differences) and their biggest competition would be a topical aspirin. Also they are familiar with cobra venom and the product would make sense to them, where as in U.S. they may have to educate the market. India's middle class is almost 300 million strong (as big as total population of U.S.) They have over 2 million (retail value) in inventory so they are ready to sell both products.
He is excited about the PetPainAway launch with the infomercial. No similar pain products for pets on the market that don't just make them sleep or vomit/diarrhea. I recommend checking the commercial out, https://www.getpetpainaway.com/?mid=9068134.
Nyloxin lasts longer than morphine and is non addictive. Both products are very cheap to make, according to the NBC story 1 cobra "milking" makes more than 100 bottles. Here is the NBC story that features the products and the CEO,
This is like a sexier version of BIEI before it ran. Same pps following a round of dilution. Both have promising drugs in fda pipeline, both trying to sell pain products to support those drugs. The difference is here the SS is lower, the pain products are much better with much much bigger marketing and attempts to distribute. BIEI's pain product launch was one website and one retail location, here we have multiple international distribution plans and a (national?) infomercial for petpainaway. Also here we have orphan drug status which makes phase 2 much cheaper and more likely to happen. Nyloxin was also recently featured on an nbc news story that went national.
BIEI ran from .005 to .02 with a similar ss and float and currently trades at .014
In the recent interview the CEO mentioned the current small note is almost done and no new convertibles until June, at which point he hopes they will have the cash to pay them off. He also mentioned annual sales for 2016 were a little less than 300k, which would be a significant bump up from ytd sales of 139k from the third quarter. Already much higher sales than BIEI.
What mm was the dilutor here? How long has it been since they have been on the ask?
I think the answer is that the CEO was counting the inventory at its retail value (he mentions that in the interview but I missed it). He also mentions the product is very cheap to make. I think this might be how they were able to get the petpainaway infomercials going, by signing a deal that gives the marketing company a healthy percentage, they still make a good return themselves thanks to the low cost.
How did they manage to stock pile 2 mil worth of inventory of Nyloxin and pet pain away? Based on their last financials they don't have anywhere near enough cash for that. Just wondering.
CEO points out in the interview they have more in inventory than the current market cap.