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Good strength in the chart over the past few weeks.
https://schrts.co/raRWeFVZ
The RSI is back above 50, share price is above both the 20 & 50 Week moving averages and the MACD had a signal line crossover w/Centerline crossover approaching.
I would like to see more volume, but otherwise happy with the chart setup.
All the best,
Knife
Yep, delivery is still too long. Just glad to see them finally available.
Knife
Thanks for the update on the Tweet.
All the best,
Knife
I completely agree. Any revenues are good to see as they reduce/eliminate the need for future dilution. The company had 90.7% Gross Margins on their revenues last quarter which is fantastic but probably not sustainable. The company's expenses are currently not very high so increases in revenue easily flow to the bottom line which I am always happy to see.
The 30-60 day Amazon delivery time is irrelevant as the product had not been available anyway. Check back on it in a few months and it may be worth discussing.
As has been previously stated, ABBIE is the ticket here. If they can pull some decent revenues/margins from it then the bottom line profits will jump significantly and we will be off to the races. The shares are cheap and a little patience could see a large return. Time will tell.
All the best,
Knife
Baby steps are fine with me. Nice to see the accumulation.
All the best,
Knife
I am glad to see the change in CEO, bodes well for the future IMO.
All the best,
Knife
Nice to see some interest coming back to SHMN. The Ask is rather thin so any decent buy volume will move it quickly.
All the best,
Knife
Nice move on volume today.
Good times,
Knife
Wonder why the Ask slap, didn't see any news. Maybe someone is initiating a position? Whatever the reason it is nice to see.
All the best,
Knife
News out, looks promising.
https://www.otcmarkets.com/stock/SHMN/news/SOHM-Inc-Announces-its-ABBIE-Genome-Editing-Technology-Successfully-Engineered-a-T-cell-immunotherapy-from-a-Healthy-Hum?id=443403
All the best,
Knife
Since the conversation was in relation to a Public filing I will post it here, everyone can determine the validity of their response for themselves.
Message: I was hoping that you would explain the $10m revenue miss in your press release, but unsurprisingly there was nothing. No mention of YOLO, or the Taylor Swift Eras tour that you had been so prominently Tweeting about. This can only lead investors to one conclusion, your company is a scam and your name should forever be associated with that.
Reply: The $10.8m estimate revenue is based on an investment of $10m. Because the company still needs to raise US$10 million to participate in distribution investment in the Chinese film market, this quarter's revenue won’t to reflect related performance.
The box office settlement will take up to 9 months to complete, and the income of investment companies outside China must go through legal transfers to outside before they can be included in operating income.
All investments need to be implemented in accordance with regulations to receive income.
The company is going through the procedures to enter the Chinese market. Once the funds are raised, it will be able to show the previously predicted performance in future reports.
Sincerely,
Corp affair | AB International Group Corp.
I submitted my comments/questions through their website https://www.abqqs.com/ ; scroll down to the management section.
They didn't reply to my first submission but the second one must have gotten their attention and they replied the following day.
All the best,
Knife
I also recieved a reply to one of my messages to the company. I found the explanation given for the quarterly miss to be unnacceptable and raised as many quesitons as it tried to answer. I have exited my non-taxable account holdings in ABQQ, but will continue holding my taxable account shares for the time being due to Wash Sale rules. Once I have cleared the Wash Sale rule requirements I plan to exit my remaining holdings.
If the explanation given from the company is actually accurate, which I doubt, then I can always initiate a new position at a later date.
I will not post the company's reply here for at least two reasons; 1. As a general rule I don't post private communications in a public forum. and 2. If the company's response to my questions is legitimate then they should put it out as an official PR and therefore incur legal liability if it turns out to be just another misleading statement.
All the best,
Knife
And to actually do it, such nerve..lol.
https://www.otcmarkets.com/filing/html?id=17235436&guid=d7Q-kWx4mSIqJth
Knife
Their filings are up to date.
Knife
Bid support at .0006 seems quite solid, just need it to move up. Resistance doesn't seem particularly strong but needs to be hit to test it. We'll see what happens soon enough. In the meantime I am going to fire off another round of questions to IR. I don't expect any response but want to keep the pressure on for now.
All the best,
Knife
I vented to IR and don't expect a reply.
All the best,
Knife
It is quite possible that there is a good reason for it, but he should have expressed it in an accompanying PR. Investors have been left in the dark and cannot be faulted for believing the whole thing was a scam. It is up to Deng to prove otherwise.
All the best,
Knife
Ignored after one post, congratulations.
I am looking forward to the PR that should accompany the Q2 report, particularly on any progress towards retiring additional shares, either through buy backs or as mentioned before by exchanging for an equity stake in the streaming service.
All the best,
Knife
I've been steadily adding shares ahead of the quarterly report. If revenues are anywhere near what is forecast, the share price will spike quickly, next week will be a lot of fun.
All the best,
Knife
Market makers are having a little fun today. Retail's fun is coming very soon.
All the best,
Knife
Thanks for the update,
All the best,
Knife
The only reliable short volume data is posted by FINRA on a bi-weekly basis. The data for daily short volume sites such as you posted is derived from FINRA's volume numbers, but due to how it is calculated it is misleading at best. Once you understand this you will never use daily short report numbers again. The link provided is an article written several years ago by R. Cromwell Coulson, President, CEO and a Director of OTC Markets Group.
https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/
For SHMN, the latest numbers from FINRA were posted on 03/15/2024 with 8,249 shares short.
All the best,
Knife
Lol, nonsense. Shorts are just an easy foil to blame when people are looking for excuses. They exist, but are not nearly as prevelant as "everyone" thinks.
Knife
Thanks for the update, looks like we have some Bidders showing up.
All the best,
Knife
Yet here you are, interesting.
Agreed, licensing deals are basically all profit, having no "cost of goods sold", and would be a huge catalyst for the company as well as the stock.
All the best,
Knife
The company is actively working to reduce their share structure.
https://www.otcmarkets.com/filing/html?id=17235436&guid=Yad-kacHN5wfJth
They are also anticipating a huge revenue increase (over $10m) in their Q2 numbers, due out in two weeks. Compared to only $800k in Q1.
https://www.otcmarkets.com/stock/ABQQ/news/story?e&id=2785001
The profits from the projected quarterly numbers will give them ample $$ to buy back more shares if they desire to. Its possible that todays large volume spike was caused by Market Maker manipulation in order to buy back shares, but there is no way to verify that at this time.
All the best,
Knife
I see that as likely but it cannot be confirmed until the Form 4 or 8K comes out.
Added some 9's this AM,
All the best,
Knife
Seems prior management left a bag of carrots for new management to use, pretty sad. Quit telling us that you are going to tell us something and just do it already.
Knife
The cancellation of the 235m shares has been updated on the OTC Markets website, something I was looking for. Company tweets are nice but I dont consider it official until updated by the Transfer Agent. The removal of the shares also reduces the current Market Cap of the company making it an even better buy IMO. We are only a few weeks away from them reporting what is already known to be a blow out quarter. I did the basic math on a previous post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173983806
The opportunity is obvious, all the best,
Knife
Form 4,
I beleive we should see another form 4 coming soon as well. I am curious about the 20m volume spike toward the close yesterday, I didn't see it play out but am under the impression that is was likely an insider transaction.
All the best,
Knife
Most of the companies on the OTC are poorly run dillutive garbage, but there are exceptions. IMO ABQQ looks to be one of those exceptions, and if correct, will be very profitable for both traders and investors alike.
Welcome aboard, enjoy the ride.
Knife
Its nice to see the 13's getting hit, last time it broke that level (early December) it ran to 21 rather quickly. I expect that to happen again but only time will tell.
All the best,
Knife
Looking forward to the share cancellation being updated on the OTC Market site. In the meantime I hope some of the recent volume has been the company or CEO buying back shares again. Find out soon enough.
All the best,
Knife
Superb, thank you.
Knife
Nice, could you link it for those of us who don't subscribe?
Thanks,
Knife