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Okay, so what is it "Sera Labs" or "Avenir Wellness"
- come on company, make up your mind.
They should also say "Tries to sell it's products" because according to the last Q, they have no money
and they have no "supply chain". No money = No supply chain. 😂🤣😂
There is still a bid up for .0799 which I still say is a GIFT before BANKRUPTCY !
That's sad, very sad - that - KEY OPERATIONAL HIGHLIGHTS are that their revenue has gone DOWN
Net revenue in the second quarter of 2023 decreased slightly year-over-year and sequentially from Q1 2023. That's DECREASED
Sad - VERY - SAD
Maybe they should consider getting rid of that Deadbeat Chairman of the Board that defaulted on paying them 2MM when they need it most.
Here is how the POM POM update should have read:
The company is experiencing extreme cash-flow issues. We are low on inventory "which we will blame on our deadbeat Chairman of the Board", we have burnt through our cash on hand trying our best to stimulate growth through advertising, and - we continue to struggle to figure out how to remain a "going concern". We remain positive that a miracle will come true - but just waiting until we file bankruptcy is probably more of the truth. Thanks to everyone for holding your shares.
Why don't you write the company an email and let them know it would be nice if the directors of the company and Nicole would buy out goingupnow0's shares - he's only asking 11 cents per share. Maybe they should put their money where their bullshit hype is. Just a thought.
There is a single bid out there for .0799 of 10,000 shares - someone should take it,
as soon enough that will seem like a real GIFT. The company is as close to bankrupt as
they come at this moment. Just saying - been warning/recommending people to lighten their
loads here from when it was over 30 cents - maybe some did - other's still holding a big ole
bag. JMHO
Shares definitely aren't flying off of the shelf as a PINKY - ZERO volume again today thus far.
Oh, you'll see more volume (to the downside) once share holders read that Q closely.
The volume will come in on the bid though - and 8cents is currently a GIFT.
Facts and Numbers - The company is technically BROKE.
Subtract the accounts payable from cash on hand - you have a negative number.
No way to get money from investor's when you are upside down and have never turned a profit.
No way to get financing when you are upside down and have over 10MM in lawsuits/debt
No way to even get loan shark loans and convertible notes when you are already in DEFAULT.
Facts and Numbers point to BANKRUPTCY
Net revenue in the second quarter of 2023 decreased slightly year-over-year and sequentially from Q1 2023 to $1.0 million due to the delay in receiving the expected remainder of the asset sale proceeds as well as manufacturing delivery delays due to raw material supply shortages. Sales are expected to increase in the second half of the year.
(Fancy way of saying they couldn't afford to buy products to increase inventory)
I guess that is why the bids dropped from .0799 to .04 after that Q
AVRW Bid: 0.04 Ask: 0.15 Last: 0.0799 Chg ($): 0.00 Vol: 0
It's a little harder to lift up the Pom Pom's with numbers like that.
Prev Close 0.0799
Today's Open --
Day's Range --
Avg Vol (10-day) 5.0K
Last (time) 3:00p ET 08/14/23
Last (size) 500
52-Wk Range 0.03 - 0.3395
LowHigh % Above Low (01/24/23 - 08/07/23) 166.33%
Historical Volatility 162.4%
Market Cap 5.7M
Shares Outstanding 71.7M
EPS (TTM, GAAP) -0.25
I watched it do that and actually had a bid in at .91 while it was going on. I got hopscotched over though. The markets are pretty corrupt and MM's can actually sell to other MM's and piss on anyone else. We've seen some major WHIPLASH since the conversion/dilution - and again short selling numbers have actually increased.
Anyhow, I am getting kind of skeptical again about this. It appears as though both the dilution and the short-sellers are totally manipulating this ticker. I also got this in my inbox over the weekend which shows that even stock trading newsletters are getting alerts (basic numbers) on dilution.
I think longer term, this stock has a lot of promise - I just feel a little taken advantage of by the events of the past few weeks. Anyhow here's the newsletter update:
Simply Wall Street - SDOT: New major risk - Shareholder dilution
Sadot Group
SDOT
Share Price 1.10
7 Day -6.8%
1 Year 150.0%
New major risk - Shareholder dilution
The company's shareholders have been substantially diluted in the past year.
Increase in shares outstanding: 60%
This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings.
Currently, the following risks have been identified for the company:
Major Risk
Shareholders have been substantially diluted in the past year (60% increase in shares outstanding).
Minor Risks
Share price has been volatile over the past 3 months (11% average weekly change).
Market cap is less than US$100m (US$50.7m market cap).
Numbers and Facts - not sensationalism and hyperbole 🤣😂🤠
Everyone have a good weekend. I am off for the day heading to a class reunion.
Yes, I also had to dump when we broke below 1.05 and EDGX was still heavy on selling.
Watching closely for re-entry.
Could be chatbot gpt 😂
But with no market makers - this baby is flying blind and headed for a crash.
You are right - premarket is looking weak. I have an order sitting there at 1.05 and one filled above me at 1.0503
Not sure how low they will push it.... they have pushed it low before to run stops.
Upper bollinger 1.21
Lower bollinger 1.05
S1 - 1.05 (which is actually an extended hours inter-day gap 8-3-23 at 17:30)
S2 - 1.00
S3 - .96 (the low since ticker change to SDOT)
Bid 1.05
Ask 1.10
I hear you - but I'm still hanging in here. I have flipped several times during the turbulence
might do it again - but so far averaged in decently. Best wishes and let me know if you get back
in.
TDA still only shows 41.1MM shares outstanding.
I don't know - it confuses me - "who the hell would pay anyone to support this POS" ?
I think there are many here who are so upside down, all they can do is repeat the same old BS
because there isn't anything else worth posting about. The facts and numbers outweigh the BS.
It's kind of funny though - that's why I hang around - and - to keep the conversation honest.
Huge amount of ZERO shares traded today. DID THEY GET HALTED ????
TDA doesn't show any action at all - not even an ask.
😀
We are at S3 which has been the low point 3 times... I just hope they stop dumping again here.
I have doubled down in this area - but hellllllll
UPDATE - yes, 34.4K
I think I did see that earlier. A lot of indecisiveness going on right now.
Markets not sure how to take the postive EPS, but the revenue miss.
EDGX currently has a "false ask" at 1.18 (more dumping ?? )
But, later in the day I "think" we will go up.
It's evident that no one who posts on this board wants to buy any of it...
unless of course it's 102 shares to try to make a paint job. Oh well........
Until there is some REALLY positive news - this dud is going nowhere
but DOWN.
That's kind of funny.....
Bid .0799 @ 10,000 shares followed by .0450 @ 51,000 shares
Ask .1100 @ 132,000 shares
I don't see any POSITVE interest here at all.
ZERO VOLUME so far. ( but it's still early )
My "best guess" is that they won't get that 2MM from TF Tech Ventures (RDB) for quite some time
if ever. (he's got a great track record of not paying bills)
Yes, it would be "GREAT" to get enough buying interest and volume to not only take EDGX and any remaining converted warrants out of play - but to create a short-squeeze as well taking those who are shorting SDOT out of the picture. Shorts actually increased at the end of last month.
(Keep in mind, that the last 3 trading sessions, they run the price down early to take peoples shares)
Short Interest
(% of float 07/31/23) 8.76
“We are pleased and proud to report that Q2 was a strong continuation of the past two quarters highlighted with our first ever profitable quarter in the company’s history,” said Michael Roper, CEO of Sadot Group Inc. “We have begun reaping the financial benefits of our global diversification strategy, which exemplifies our strategic approach to expanding into each of our three main business units (“Sadot Agri-Foods” also known as “Sadot LLC”, “Sadot Farm Operations” and “Sadot Food Service Operations”). By broadening our perspective, we seized the opportunity to venture into new markets and businesses within the global food industry. This move not only offers significant financial prospects but also generates social and environmental value.”
Pre-market spread 1.18 to 1.21 with most shares at 1.21
Upper Bollinger 1.21
Lower Bollinger 1.17
R1 1.19
R2 1.21
R3 1.24
S1 1.17
S2 1.15
S3 1.10
At this moment, only 3,561 shares have been traded - so it's too early to predict reaction to Q
It sure would be nice to break and hold above 1.24 today and never look back.
Blue skies are what I am hoping for.
I don't think it's going to stagnate my friend - without many things mentioned in a prior post of mine
yesterday and one a few days back - the stock price will not stagnate. No one wants any of it at 11 cents
and soon again it will hit 8 cents. From there down again to the all time low hit a few days ago of 3 cents.
From there - without some major changes with the lawsuit, expenditures, and a REVERSE SPLIT, I believe this company will go sub-penny then into Bankruptcy.
Only time will tell, but if you go back and read all of my posts from .30 til now - I think I have been the most accurate poster on the board - or - close with SOTG.
I'm quite happy with that. Net income, net profit, cash on hand, receivables etc. all increasing.
Much better days are still to come - what a turnaround tale.
https://feeds.issuerdirect.com/news-release.html?newsid=5825299395811174
So tantalizing that 1,500 shares traded taking the share price down to 11 cents.
All the while there are 132,428 shares on the ask at 11 cents. Tantalizing indeed.
Someone still wants to pay 8 cents though - and - that is a GIFT.
This is headed sub-penny.
Well, I believe they may have gotten the information out of the presentation link which was included
in the press release - and I did browse though it at that time and the link worked. Of course after that,
the link was deleted on Sadot's web server.
Just guessing that's where they found the info - but then again - they could have made a mistake
as the numbers they presented were the same as the Q1 numbers - who knows ??
08/08/2023 - you have time to fix it. CURR ----> AVRW
But, I am still not excited as this has been MONTHS in the making.
Doesn't change much - except that those who don't know won't be able to
find the company......
I forgot to include this link as part of my post......
https://www.businesswire.com/news/home/20210323005442/en/CURE-Pharmaceutical-Augments-Its-Existing-U.S.-DEA-License-in-Order-to-Initiate-Development-of-Its-Psychedelics-Based-Pharmaceutical-Clinical-Pipeline
Of course, Robby boy took this stuff with him to TF Tech Ventures I believe along with keeping the lab.
It is hard to argue with "facts".......
Woo Hoooo - they finally got a new ticker symbol - PINK SHEET one at that.
People here may think I am a basher (I do despise Robby boy), but at one time I was a quite large shareholder. I was buying on the way up back several years ago as the goal at that time was to get a NASDAQ listing. There were many great possibilities at play. They had a partnership with Canopy Growth, the price was climbing and climbing. They were looking into both CBD and THC platform delivery. They were beginning to work with mushroom technology for PTSD. The price actually rose to above $5.80 per share. Of course everything went to shit from there though.
https://drug-dev.com/cure-pharmaceutical-canopy-growth-to-produce-cbd-oral-thin-films/
I have stories that most here would never even believe. But I don't give a shit. I will tell you what, I bet I know more than the majority of POM POM people here ever would. I know share structure, I know all the past BS that Robby boy has pulled (from prior companies and all) and I know how he ran his mouth to 3rd parties and should not have. I know a LOT of shit about this company. Anyhow, I post the truth and if the IONIC debt is figured out, and IF there is like a 1 for 10 minimum reverse stock split, and IF they were to part ways with Robby boy - well then - maybe then - I'd look at buying into the company - not for "dreams" though - there would have to be good SOLID facts. (Nicole doesn't do much for me)
But yes, there will have to be a RS of at LEAST 1 for every 10 to even make the stock viable.
Nearly 72 Million shares - no profit - almost a billion in losses since inception - lawsuits outstanding
and no cash on hand (unless some directors put money into the company again - which equals more debt)
At this point, I can't understand why EDGX won't let it run. If it is indeed Altium still dumping
then you would think they'd like to get a little more money on their investment. But, it is definitely
EDGX doing the major block at 1.20 and bracketing on bottom at 1.19
Who knows - I just hope we get more buying to get rid of them.
Look, they are taking it to 1.18 to fill the little gap left this morning. GEESH
Might even hit 1.17 which is the inter-morning gap and 200 EMA 30m/10d support.
Closed her at 1.19
Have a great evening - I'm heading out to use my new mower that was just delivered.
Enjoy
I can only speculate that it was in the press release that was let out yesterday. But again,
I have not combed through it. I've been busy trying to get a few things done today... checking
prices and such every so often. Expecting multiple deliveries today.
Hopefully have more time later this evening.... but yes, it is odd how things have unfolded at
this time.
The official Q is supposed to be tomorrow after hours.
I think it's going to be decent. I had to flip this morning when we
couldn't break through 1.25 - hit 1.25 multiple times - couldn't pierce.
So, sold at 1.24,, bought back in at 1.19 and watching it be stopped
over and over at 1.20 - so not sure if Altium is done - but I don't see
it being EDGX now. I think we will push up to 1.25 by eod. At least
I hope.
Looking good today. Strong buying, need to break and hold above 1.25 - at 1.24 now.
Really ? Over 71 million shares outstanding and never turned a profit in the history of the company?
Let's see, they burnt through 1.5 Million to bring in 1.2 Million in the recent quarter. They had a NET LOSS of $209,000.00 for that same quarter. They had an earnings per share of negative (.00293) They have a continuing operations NET DEFICIT of $99,597,000 since inception. (You don't get loaned money without it being someone like IONIC with that track record) and now with IONIC even in DEFAULT, even loan sharks aren't going to dish out cash. - not good.
They show they had $1.404 Million of cash and equivalents on-hand at the end of March 2023. One would deduce from those numbers that at the present time (without the 2MM payback from Robby) that the company is currently CASH BROKE.
Again, with an EARNINGS PER SHARE of NEGATIVE .00293 a stock price of .12 per share is a real gift. If something doesn't change REALLY FAST - the share price will be sub-penny pretty quickly.
JMHO
https://ih.advfn.com/stock-market/USOTC/cure-pharmaceutical-pk-CURR/stock-news/91679316/form-10-q-quarterly-report-sections-13-or-15d
I haven't had a lot of time this morning to look through the "updates" files that showed the incredible growth, but I am guessing in there in one or two of the paragraphs that "benzinga" was able to find the earnings and Sadot didn't know it would be released. Just a guess. It would be in line with what other's are estimating though - especially for yearly through Seeking Alpha etc. Regardless, if they BEAT estimates - it's a pretty good place to be. (BTW, bought more this morning pre-market extended hours)
CAT OUT OF THE BAG ??
Sadot Group Q2 Sales $213.00M Beat $203.96M Estimate
9:35 am ET August 7, 2023 (Benzinga) Print
Sadot Group (NASDAQ:SDOT) reported quarterly sales of $213.00 million which beat the analyst consensus estimate of $203.96 million by 4.43 percent. This is a 7.17K percent increase over sales of $2.93 million the same period last year.
Which then this morning had a retraction: (Oops - I wonder how this all happened)
*CORRECTION: Sadot Group Has Not Yet Reported Earnings. Earnings Are Expected On Wednesday Aug. 9 After The Market Close
Benzinga
ABSOLUTELY HIT THE NAIL ON THE HEAD.
As well, my facts and numbers post is really accurate. Anyone who wants to read the truth
just read the post below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172503935
You can't "identify" support and resistance on a stock that has no volume. Geesh.
Yes, 1.17 was being a bit stubborn - things really mellowed out mid-day at the 116-117 area.
Then toward the eod there was a push up to 1.19 for just a moment - then selling took us back
to 1.17 to close at 1.18
Hopefully Altium is done with the selling - and if so, we should indeed see a good close tomorrow
into the quarterly.