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I bought more at support levels... 1.17 then 1.14 after the 1.10 bounce occurred.
I'll be buying more at strategic points. Best of success ! A close above 1.22 would be nice.
It sure appears that way - with the ammended deal - the illustration that they show points to nice profits in the near future.
https://irp.cdn-website.com/54b944a7/files/uploaded/Sadot%20corporate%20update%20-%2008-07-2023.pdf
It still looks like EDGX is selling off the last of the Altium converted warrant shares - let's hope we EXHAUST them today with the great press release and improved volume. Go SDOT !
Today's SWEET press release :
https://feeds.issuerdirect.com/news-release.html?newsid=7679925238836553
https://irp.cdn-website.com/54b944a7/files/uploaded/Sadot%20corporate%20update%20-%2008-07-2023.pdf
August 7, 2023 9:00 AM
Sadot Group Inc. Reports Remarkable Growth and Progress in Its Latest Corporate Update
FORT WORTH, TX / ACCESSWIRE / August 7, 2023 / Sadot Group Inc. (Nasdaq:SDOT) ("Sadot Group" or the "Company") is pleased to announce the release of its latest Corporate Update, a comprehensive report outlining the significant milestones achieved during the last 8 months of remarkable growth and progress, including some operational guidance. The update is now available to shareholders on the Company's website at https://www.sadotgroupinc.com/events-presentations.
Late in 2022, Sadot Group embarked on a strategic journey to position itself as a global supply chain organization focused on providing sustainable foods and feeds. This visionary approach has catapulted the Company into the ranks of emerging international players in the global food market.
Michael Roper, CEO of Sadot Group, expressed his pride in the Company's achievements and the dedication of its people and partners in executing the growth strategy. He stated, "We are proud of the dedicated efforts of our people and the strength of our partnerships that have fueled our growth and expansion into the global food market. The success we have achieved would not have been possible without the unwavering support of our shareholders, and we are deeply grateful for their belief in our vision."
While celebrating past achievements, Sadot Group also looks forward to the future with great optimism. The Company believes that the path ahead is filled with vast opportunities, and it anticipates sharing additional news in the coming days, weeks, and months as it continues to grow and shape its impact in the industry.
SDOT technical's for Monday - should be an interesting day. Pre-market is active at the moment with bidding at 1.19 asks at 1.20 - most trades going at 1.20 so far.
The bollinger bands again are pinching together with the upper at 1.20 and the lower at 1.15
9, 20, 50 ema's on a 30 minute 10 day chart are at 1.19 1.18 and 1.17 with the 200 being at 1.16
Last time we had this same setup we traded sideways for 3 hours then we broke out to the upside once the market felt safe the bottom was in. With an upcoming earnings report on Wednesday and the likelihood that the warrant shares have been sold into the market - we should see a continued increase in share price. JMHO
If we dip at all - I'll be adding - best of success fellow traders/investors
August 9th Quarterly after market - conference call the following day:
https://feeds.issuerdirect.com/news-release.html?newsid=5580442361866801
Yes - EDGX though, has been sitting there with a constant 3,900 shares (false ask) no matter how many
get purchased at 1.18 - it's going to be interesting for sure. Best of success and have a great weekend
ahead. (I believe Altium is still selling warrant shares through EDGX but so far - no bid whacking - hopefully they get done selling those today)
Well, today has been a pretty strong day - but we are testing the 200 EMA at 1.16 at the moment.
We went to 1.18 pre-market in extended hours - and tested it twice during regular trading. Now,
1.16 is first level support, followed by 1.14 at second level and 1.11 3rd.. The only thing I am
watching closely for is it still seems there may be some remaining warrant shares hitting from EDGX.
As well, in pre-market extended hours - there is a gap down at 1.05 (not sure it will have enough selling to fill that, but watching)
Testing 1.18 again at this moment - which is 3rd time - if she pushes through - that's really strong.
If she doesn't get through 1.18, then we could see some short-term profit taking from tech traders,
I believe you are correct. I was watching Level II and Active trader ladders all day. EDGX was again bracketing earlier in the day and actually ran the price up and kept a floor at the 1.04 then 1.05 area. After that, EDGX on the ask side was getting the fills (other side of bracket) and I believe EDGX had the brokerage Altium was using (appeared that way last 3 days) then after about 2:30 the bid whacking sure seemed to dry up.
Hopefully that is gone - hopefully with the news of the franchises being sold off and or closed - and still maintaining the franchising business - with the new core grains and verticals businesses - we will start the ascent to the $5 and up area. Looking better once again. A strong $1.10 close up over 12% on the day was nice.
That would be amazing - I am hopeful. Sadot via AGGIA has been quite aggressive thus far - let's hope they continue. And yes, with the new trade routes - we should be seeing a larger monthly revenue figure as well as increased margins which should replace the Ukrainian port business.
This was a very successful quasi-reverse-merger.
Well, they are ridding themselves of any negative business expenses. It won't show on the next 10Q, but it will show on subsequent. They are still going to maintain their franchising income - but selling off many restaurants and also shutting down those that were money pits.
We also may not see any revenue from the America's yet - but it wouldn't surprise me if we did. They were very quick to show Sadot income through AGGIA.
As you say, if they can improve margins - we should have a cash-flow positive company quickly.
I took a starter position this morning at 1.01 after reading the news about cutting costs and focusing more on the prime business model that is the grains and vertical markets. (I will be adding more as long as we hold above 1.00)
Since we don't have a LOT of data on the new SDOT chart we can't be really reliant on the technicals, but so far, they have been pretty accurate. We are currently holding above the 9, 20, and 50 ema's on a 10 day 30 minute chart (what I am using) and the bollinger bands are now pointing up.
R1 - 1.07 (upper bollinger)
R2 - 1.17 (200 period ema)
Above R2 - BLUE SKIES
We need to get above and HOLD above 1.05 which is now the upper bollinger.
Then - today Altium should run out of converted shares and the market can take over.
NEWS - Exactly just that...... Sadot got an easy entrance to NASDAQ
https://feeds.issuerdirect.com/news-release.html?newsid=8473873405912708
From my previous post:
This is starting to make me think that Sadot has intended to do what they have done very effectively so far - to gain a NASDAQ listing while pulling the wool over a hamburger guys eyes. They will soon have priority ownership of the company and will be able to take full control. Thus, they got a free NASDAQ listing and they could care less about hamburgers. Who knows - it's starting to look that way.
I mean did you happen to watch the opening bell? Mike Roper says he is from Chicago, so he isn't sure how to pronounce Zambia (where they recently bought a farm - my guess, the 2.15 million warrants at 1 buck went towards paying off that purchase). Why else would anyone be so damn stupid to do that right before they go live on Nasdaq under the new ticker? Incredulous.
NEWS - Nudie - here you go - similar to what you had been thinking !!
https://feeds.issuerdirect.com/news-release.html?newsid=8473873405912708
I've been following this company for a long time. For those who don't know it - the whole idea of the marriage between Sera Labs and Cure was for a couple of reasons. CURE needed to show positive cash-flow (or some earnings) which they had NEVER had. Sera Labs was looking to expand their manufacturing to a facility like CURE had. Sera Labs was interested in CBD products like CURE had.
Robby boy goes to IONIC to get a bit over 11 Million to buy Nancy D and Sera Labs. It all looked like a good marriage, but not at the LOAN SHARK rates that were agreed upon by the parties.
IONIC wasn't getting paid back or recuperating their cash outlay so they began converting Notes. The conversion of the notes and subsequent selling into the market without enough buyers continued to push the share price down drastically. The only thing left for Robby boy to do was to break up the company and do this "WEIRD" deal where they offered Avenir 20MM so Robby boy could maintain the patents for his oral boner film and a few other biggies (pardon the pun) and somehow part of that number 4.15MM was from debt already owed to TF Tech Ventures (which had only been incorporated a month or so (still find that so fishy) the 2mm note (which is now in default by TF/Robby) some financial costs where Avenir received over 13.85 Million. Many thought that this money would have gone to pay back IONIC - but it was not used to do that. It was used to pay back company directors and others - and then to pay back some debt that HAD to be paid. IONIC is still owed over 10MM with default interest added in.
So basically - Sera Labs (Avenir Wellness) is in worse shape than before this entire deal started. Who knows what shady business Robby boy has planned next. (and he's still chairman of the board)
My guess is that we are going to see Nancy and some other individuals with deep enough pockets step in and loan money to the company again (It's their only option beyond bankruptcy).
The company is in DIRE straits - even with pretty girl Nicole in their corner.
Not sure how this could be done - but suppose the company could declare bankruptcy and get rid of the IONIC debt that way - then go private afterwards. Not sure how complex that would be.
Thanks - we have pre-market bidding of 10,100 shares at $1.00 at the moment by EDGX (who I believe Altium has been using to sell the 2MM shares into the market). They are trying to keep the share price above 1.00 so they can sell with a profit. They have likely sold off more than 1.5MM so far (just a guess) as the trading has been fairly brisk with approx. 2.8MM shares being traded since the announcement of the warrants conversion. Today will be very interesting - still watching this baby closely.
With a 10Q due out August 9th - we'll have to see what the market thinks about the 36% increase in total share count - so far we've dropped from 200 ema of $1.28 on a 10d / 30m chart down to the low yesterday at .96
And of course - it would be nice to know how much business we estimate to lose from the shut down of the Ukrainian ports by Putin. It would also be nice to get some numbers from the America's routes which we have recently acquired. Lot's to think about going forward.
FACTS - NUMBERS DON'T LIE
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 $1.404 Million of cash and equivalents on-hand at the end of March 2023. One would deduce from those numbers that at the present time (without the 2MM payback from Robby) that the company is currently CASH BROKE.
Again, with an EARNINGS PER SHARE of NEGATIVE .00293 a stock price of .12 per share is a real gift. If something doesn't change REALLY FAST - the share price will be sub-penny pretty quickly.
JMHO
https://ih.advfn.com/stock-market/USOTC/cure-pharmaceutical-pk-CURR/stock-news/91679316/form-10-q-quarterly-report-sections-13-or-15d
I can't really feel sorry for Nancy D. Anyone with an internet connection can do the background
research on almost any individual. It's quite obvious that she didn't take the time to do the research on Rob D and company - or - even hire someone to do the Due Diligence to have kept her from getting involved with a sinking ship. Oh well, it happens to a LOT of good people who "TRUST" others. I'm sure she saw the millions being offered to her.. just so happened to be by the "IONIC" debt - but didn't know that it would come full circle to bite her in the ass. She's personally still sitting pretty with millions.
It's the thousands of shareholder's like my buddy and several others who post here - who have taken the hardest hit.
If this isn't the biggest bunch of bullshit I've ever read. Nicole and Rob teamed up - my ass !!
https://perfectbeauty.brunchesncrunches.com/n/max/mosteffective/05/09?sub5=21fbca76-cc4a-4d7d-b824-616c18aa376e&link_id=ba7b1176-4bea-4f16-8947-d63c9e91ce08&sub2=p$g,o$a2bb50b2-314b-11ee-ba6d-008cfac09d60-7fef5d019700,t$1690991141659&s5=21fbca76-cc4a-4d7d-b824-616c18aa376e&max_cid=21fbca76-cc4a-4d7d-b824-616c18aa376e&p_uuid=
Lest we forget about the Rob Davidson / ZICAM lawsuits:
https://en.wikipedia.org/wiki/Zicam
https://www.washingtonpost.com/archive/lifestyle/wellness/2006/01/31/paying-through-the-nose-span-classbankheadmaker-of-cold-spray-settles-lawsuits-for-12-million-but-denies-claim-that-zinc-product-ruined-users-sense-of-smellspan/8a99cd11-5c1e-4b4c-b261-858beddf1c48/
One other thing.... I cannot find out how much grain Sadot was shipping out of the Ukrainian ports
anywhere - so - I don't know how the cessation of the Russian grain deal is going to have on overall
grain shipments.
If the America's expansion routes can offset that - that would be very positive.
Could very well be. I don't want to be negative - but the math says the share price could drop
down to the mid-80's area before a bounce - that's why I am being very careful. But, I'm watching
quite closely and will be buying if the technical's suggest it.
Have a great day
Upper Bollinger 1.11 lower Bollinger 1.06
Sustained break above 1.11 would be bullish (current short-term resistance)
Sustained break below 1.06 woud be bearish (current short-term support)
Keep in mind that share count recently increased by 36% which will have an effect on share price.
As well, warrants were recently converted at $1.00 per share which is why there was a sharp drop
in share price.
I will watch closely - but - the 36% increase in share count has me doing more math.
With the previous share count and price - we could actually see a drop below $1.00 / share
before any bounce. We also have a quarterly earnings report due out next week I believe on
August 9th (that's what TDA shows) which should shed light on many things.
Avenir needs to rid itself of Rob Davidson. Maybe then, the company can turn itself around.
Maybe then, there will be a solution to the IONIC debt debacle. Maybe then, Karma will reverse
itself and the company will figure out how to become profitable.
JMHO
Hey Rob, where's the 2 Million ?
And yet they still had a NET LOSS of $209,000.00 in the quarter.
All the BS doesn't matter - with over 71 Million shares outstanding and continued quarterly LOSSES,
it's not easy to attract investors.
https://ih.advfn.com/stock-market/USOTC/cure-pharmaceutical-ce-CURR/stock-news/91679316/form-10-q-quarterly-report-sections-13-or-15d
TODAYS TRADING: CURR Bid: 0.08 Ask: 0.135 Last: 0.08 Chg ($): 0.00 Vol: 375
Ahhhhh - okay, I've been on top of most of it - but was not aware of this "major" change from prior policy. Thanks for your assistance.
Naw, she sells her looks off to different companies at different times. Now it's Vegamour and Avenir who are using her image. In a couple of years - it will be a couple of others. I mean why not take stock and be an ambassador - money is money. She's a business in and of herself. Look at the write up for Vegamour and compare it to the same for Avenir - pretty similar - smiles.
Just for now - the choice of Avenir at 8 cents per share isn't paying off. She probably has some stock
that she got at over a dollar per share too - oh well.
And yes, I know your post was just for FUN - Big smiles.
Big Volume again today: CURR Bid: 0.08 Ask: 0.135 Last: 0.08 Chg ($): 0.00 Vol: 375
Nicole sponsors a lot of brands - (she gets stock a lot)
https://www.gcimagazine.com/brands-products/news/news/22249957/vegamour-announces-nicole-kidman-as-investor-brand-advocate
http://www.celebrityendorsementads.com/celebrity-endorsements/celebrities/nicole-kidman/
https://www.byrdie.com/nicole-kidman-skincare-routine
Nicole Kidman has been affiliated with this company for over 2.5 years. The share price on the day she was announced was $1.84 and now it's 8 cents.
The announcement by Cure that Nicole had joined forces was on Dec. 8th 2020 and the stock price was at $1.84 per share - it's never been that high since.
https://www.reuters.com/article/us-cure-pharmaceuti-sera-labs-nicole-kid/nicole-kidman-to-endorse-u-s-cannabis-company-idUSKBN28I1TX
https://www.forbes.com/sites/javierhasse/2020/12/08/nicole-kidman-joins-cbd-company-seralabs-we-share-values-around-women-in-business/?sh=30a559421c43
https://curepharmaceutical.com/press-releases/nicole-kidman-partners-with-seralabs-a-cure-pharmaceutical-company-as-a-strategic-business-partner-and-global-brand-ambassador/
Correction - Misleading - previous accounting firm "resigned" due to accounting practices
They - were NOT "fired".
On April 12, 2023, the Board of Directors (the “Board”) of Avenir Wellness Solutions, Inc. (the “Company”), a Delaware corporation formerly known as CURE Pharmaceutical Holding Corp., received a letter from RBSM LLP (“RBSM”) that they resigned as the Company’s independent registered public accounting firm for the year ending December 31, 2022, effective immediately.
CURR Bid: 0.08 Ask: 0.135 Last: 0.08 Chg ($): 0.00 Vol: 375
8K:
https://app.quotemedia.com/data/downloadFiling?webmasterId=102691&ref=317413914&type=PDF&symbol=CURR&cdn=0fcf7713c62f74cf4b81bb5bdaaa66dd&companyName=Avenir+Wellness+Solutions+Inc&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2023-04-19
Not a lot of technical data to go on with the new Ticker, but:
With the data that is in, we are at the point of pinching Bollinger bands.
Upper Bollinger 1.12
Lower Bollinger 1.08
Currently price 1.10
Break above 1.12 bullish
Break below 1.08 bearish
Decent support again today...... so far
Things to consider when trying to estimate share price after Name Change etc.
Before last AGGIA share grant, there were - 29.44 MM shares outstanding
200 period average price before share grant - (1.04 Yearly Chart)
200 period average price on 10 day 30 min - (1.28 10 day chart)
Shares granted to AGGIA for goal - 8,855,452
Total Shares outstanding after AGGIA add - 38,296,105
Then we had the warrant conversion at $1/share
which added another 2,153,309 which totals - 40,449,414 total outstanding (TDA shows 41.1MM)
So basically you can look at a 36% increase in share count. This does indeed hurt the
overall stock price - plus the fact that they let Altium exercise at $1.00 per share.
Taking all of the above into account - today was pretty solid averaging 1.09-10/share
It's been an interesting morning of SDOT trading (yes, I am retired so I can watch it closely)
ThinkorSwim Level II and Active Trader Ladder has been being bracketed by EDGX which I believe
is being done to hold the price up at the moment. Every 10 minutes or so, there will be a fairly
large dump of shares into the bid. This allows the seller to get a better price out of their holdings.
It's my "OPINION" that Altium is selling shares into the bid again today and the price will eventually
fall as they keep dumping into the bid. Yes, I will be watching to buy back in after this is over.
Current short term resistance 1.12 with upper resistance of 1.17
Current short term support 1.09 with lower support at 1.02
CURR
Cure Pharmaceutical Holding Corporation (CE)
0.08
-0.0033 (-3.96%)
Volume: 15,500
Day Range: 0.08 - 0.10
Last Trade Time: 10:37:39 AM EDT
Total Trades: 4
And from TDA - CURR Bid: 0.08 Ask: 0.1289 Last: 0.08 Chg ($): -0.0033 Vol: 15.5K
As expected 😗
The rest of it sounds the same as all of their promotional updates of the past though.
Rahh rahh rahh reee
Net operating loss from continuing operations (excluding the non-cash charges) decreased by $0.5 million in 2023.
Net operating Loss from 10Q Net operating loss before other income (expense) $1,684,000.00
Net Loss $209,000.00 for a quarter.
https://feeds.issuerdirect.com/news-release.html?newsid=7946975443743537
https://ih.advfn.com/stock-market/USOTC/cure-pharmaceutical-ce-CURR/stock-news/91679316/form-10-q-quarterly-report-sections-13-or-15d
This would be the "prime time" to have the board gather and vote him out. His contract has expired.
On July 25, 2022, the Company entered into a consulting agreement with Rob Davidson under which Mr. Davidson will provide advisory services on matters including strategic, financial, fund raising, product development and technology in exchange for compensation in the amount of $12 thousand per month. The term of the agreement is through July 25, 2023 and requires Mr. Davidson provide approximately 20 to 25 hours of service per week. Total consulting expense incurred for the three months ended March 31, 2023 and 2022 was $36 thousand and $0, respectively.
Does anyone actually think that he merited 12 THOUSAND dollars per month ??? I mean seriously,
nothing like adding INSULT to INJURY. 12 thousand/mo divided by say 90 hours/mo - $133.00/hour
Let's see - they paid him $144,000.00 - now let's see if the $2,000,000.00 gets paid to finalize the asset purchase agreement.
Interesting calculations on the way Avenir sees the IONIC debt below:
As of March 31, 2023, the Company has valued the Series A and B Notes giving consideration to the terms under an existing default. This was evaluated by the Company’s management and their third-party valuation firm. If the Company is required to settle the Series A and B Notes under those terms, the settlement would be either a cash payment of approximately $6.7 million or the issuance of 3,752,180 shares of the Company’s common stock plus a cash payment of approximately $6.2 million at the option of the Investor.
I've got a "guess" - it's highly doubtful. Probably a NO.
It's also TIME for the company to kick him out of the company altogether
take away his chairmanship - and as of the 23rd, his yearly consulting
contract ran out - no more FREE money for him. Anyhow - he's a POS.
Hey, happy Sunday to you. Maybe I did not explain it thoroughly enough - Avenir Wellness does NOT currently owe 4.15 MM dollars to TF Tech Ventures. What I am still trying to figure out, how DID Cure/Avenir owe TF Tech Ventures 4.15 MM dollars before the "20 MM dollar patent deal" came though in which TF Tech Ventures bought out certain patents, machinery, Intellectual property etc. for said 20MM dollars of which part of that was 4.15MM dollars in DEBT which somehow CURE had owed to them BEFORE this deal went through. The deal itself had 20MM minus the 4.15MM minus the 2MM which should be paid RIGHT NOW minus other expenses - such that Avenir Wellness only really received about 13.85MM dollars. Now, if TF Tech Ventures does not DEFAULT on the 2MM promissory note, Avenir Wellness should be getting that 2MM that is owed to them in the "DEAL".
Again:
https://www.fiercepharma.com/pharma/cure-pharmaceutical-sells-drug-delivery-patents-20m-deal
I had eluded to this in a previous post - that - I believe that Sadot most likely needed this "CASH" fast to close/finish the deal on the Zambian farm. They were waiting on approval from the Zambian government to consummate the deal - and my GUESS - is - that the deal was approved and they needed CASH to finish up the purchase. We will see in a future 10Q if I am right - but there would have been no other reason to do such a STUPID thing as these warrants exercised for 25% under the current share price if CASH was not needed.
Read:
The purchase is expected to improve access to global credit facilities allowing for larger agri-commodity trades and expanded margin. Previously, Sadot had made a $5 million USD deposit on undeveloped farmland in Africa. That deposit has been applied to this purchase agreement as part of the all-cash transaction. The completion of the acquisition is contingent upon final Zambian governmental approval.
https://www.accesswire.com/756235/Muscle-Maker-Inc-Announces-Agreement-to-Purchase-Developed-Farmland-in-Zambia-for-85-Million-USD