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And I hope SRSR lawyers and the court can give us shareholders a satisfactory outcome sooner rather than later. :)
I read some posters on Yahoo stated that company anticipated lower sales numbers in Q2. Source of info is supposedly from the last 2 conferences/presentations. Maybe thats why see saw selloff after those conference. But, with new dosage approval, I bet future guidance is higher now. We will see. I am still hopefully and think we should be in mid 20s, pre CNN article, at the very least.
ACADIA Pharmaceuticals Announces FDA Approval of New Dosing Formulation and Strength for NUPLAZID® (Pimavanserin)
https://finance.yahoo.com/news/acadia-pharmaceuticals-announces-fda-approval-113000320.html
So you double down after the PPS double down? :P If there are no other bad news and this stock continues to trade in the range of 15-18, than today is a good time to add for traders. IMO.
This post should be a sticky on top. :)
On Yahoo board, someone said ACAD presented at a Goldman Sach's conference today. ACAD must failed to impress attendees. Most trading volumes are in the last 90 minutes and we are going down again. Sigh
Nuplazid’s Risks in Treating Parkinson’s Psychosis Don’t Appear Exceptionally High, Experts Say
https://parkinsonsnewstoday.com/2018/06/11/risk-nuplazid-treating-parkinsons-psychosis-not-exceptionally-high-experts-say/
Lets hope for good sales numbers that may perk up PPS.
I bet someone gave those reports some numbers/content for that article and short the hell out of stocks before the report came out.
I felt the only way PPS will go back up to 20s is if FDA issued a statement that it will not halt drug sales. Unfortunately, I don't think FDA will release that statement any time soon or at all. So I guess the next catalyst will be a good sales number.
Sigh.. I bought GILD in 2015 and still waiting for it to rebound. Hopefully, ACAD rebound sooner... it sucks that pps is stuck in the 17/18 range.
Got it. Thx for the response EvilRbt. I am still a believer, even after reading many alternative facts on this board. ;)
Are we expecting updates anytime soon?
I scanned through a couple pages of same old exchanges from Team Danotto and Team Sco-urrah. No mention of any potential upcoming updates from current management team. Figure I will ask the forum again before I send my inquiry to ir@niotechcorp.com =) I personally would like to know how things are progressing on drill program and securing additional funds.
I bet Mr Sessions' or DOJ friends and families are TRADING mj stocks. Sell before news and buy after news. LOL
My wild guess is NO. Here is a quick run down. Super high level. CEO borrowed loans to grow the businesses through acquisitions. These Loan agreements allowed borrowers to convert debt to shares. In the meantime, reporting were late. Then the company went dark. In Q4, CEO and board members resigned in Oct and simply walked away. Creditor? took over the company. NO mentions of any operations since new management took over. Now the retail store One Love Garden Supply is closed, according to Yelp. Its website is also down. This stock is for trading only at the moment. IMO.
CEO resigned. He couldn't grow the solutions and repay debts. New board took over. Shareholders that bought in and hold from all the hypes at the beginning of this year are now bag holders. Now, its possible that the game is not over yet. The new team needs to release news on current state of business, whatever is still in operation, and their strategic plan. Until than, imo, this stock is dead for now.
Here is the 8k submitted earlier this month.
https://ih.advfn.com/p.php?pid=nmona&article=76088590
Oh well. Too bad that the company couldn't deliver in such a hot market. Moving on..
PS. thanks for the heads up.
Got it! Some buying volume can make that happen. Let's hope for the best.
Is the company releasing any sort of news that you are aware of? If not, i don't see a possibility of uptrend.
Hard to say. 45k and 30k trades are fairly sizable blocks. I am leaning toward convertible note theory myself. Board has been quiet meaning traders have left this stock for now. Trades are taking place in sizable but relatively small block to prevent prices from collapsing too fast. It's been awhile since we are getting business updates from the company. Hope to hear something positive soon. If not, I will probably cut the lost and move on by year end and never look back.
Hope to hear some updates soon. Doesn't look good at the moment.
Low trading volume and sp stayed above mid 4. Maybe there aren't too much conversion from the financing deals after all. Or they can't sell shares casue there aren't buyers. I think most traders are already out of this one.
What would you suggest? Let's get Dan out of the SRSR and park this ship back to still water until next Capitain, some called the return of Scott, to take us.. "no where"?!?!? for the foreseeable future or ever?
Dan made a bad decision in trusting previous management. However, things are happening under his watch, after Scoot is oust. So, we all have a decision to make: Punish Dan and call for his resignation because he is "criminal?" in your words or give him a chance to make things right for both himself as well as SRSR shareholders. I personally chose later. I believe his personal legal liability drive him harder to make SRSR a success. Again, all IMO.
I was not joking. This is how VC works. I didn't invent this type of financing. Besides, without this fund, we have zero chance getting the project off ground and we end up with nothing. In that case, this stock is worth 0.001? or bottom floor price. 0.009 sounds great to me as a start!
If you think Nemegosenda is only worth 8 millions now and in the future, than you are correct, we are screwed. You decide. In this analogy, Amazon and a few big tech stocks should trade in a fraction of their current share prices. Some of us believe in future potentials.
First, hard to get 250k out of credit card w no financial assets (Rock underground means little to banks) and legal liabilities.. Also, where do you get credit card with 12% interest rate? Not here in US. I don't know about Canada though. Plus, like Shark Tank, you are also getting their expertise and connections. These are invaluable assets and should be valued highly. If Potts do end up raise 20 mills for us, then this loan is well worth it, in my view. We were in dead water with ZERO chance. Zero time billions of potential rocks underground equal zero. Now, we have potentials to mine operations and $$$.
SHARK TANK!!! This is similar to how venture capitalist fund early stage companies or companies with potentials. You take a HUGE % out of the firm with little money, in comparison to future revenue/worth.
SRSR is in a better place. We have a good deal but time will tell. No one will give you money for nothing in return, unless they are you parents, maybe.
How time flies We are now around end of August. More shares may hit the street soon. Let's see if we hold current level. I hope so. A shareholder update from the company would be nice.
Suvorov, this is a super long response and thank you for reading in advance.
I was concerned about IGEX since it seemed like a scam penny. This deal may make SRSR look like a scam too. If he picked a "clean" shell, than I would have been more comfortable. I think I have posted my opinion on this earlier this year. I felt Dan made a wrong move on that deal but can only wait to see it plays out. Perhaps there are things that I don't know in the background that really indeed benefits SRSR. And I am glad that it didn't go through.
You continue to cast doubt on Dan. Why? I bought in before Scott was the CEO. Many supported Scott back in the days but were disappointed. Now Dan is in the helm, most are giving him the benefit of doubt to propel SRSR forward, same courtesy we gave Scott. If not, than SRSR is done. While I agree that more information need to come forward to demonstrate that Potts deal is solid and things are really happening, you need to give management team time to do it. We gave Scott 10 years? If you ever work for any company or big projects, even when they are well funded, it takes time to plan and lay out timelines. If he prematurely come out with details and change it later, you will attack his credibility at that time. Whatever he does will not satisfy you. In this case, I would rather wait. I waited longer than most of you. I can wait a little longer. Thought I am not getting any younger and am not oppose to retirement asap. ;)
Now, here is my own speculation/story on what may had happened in the last 10 months, this is not coming from Dan or anyone else but my own imagination. Dan was desperate on finding "cleaner" ways to move forward and thought of jumpstart Nemegosengoda project with IGEX. Not sure why IGEX was picked but he chose it. My guess is that a clean shell cost money that SRSR doesn't have and somehow he found IGEX. Once he announced the deal he realized there are problems to actually finalizing it. He has trouble managed SRSR side of deliverables. Igex management failed to deliver their side of deal. The whole thing was stuck. PR the status of IGEX deal may pissed off IGEX management and cast a negative light on Dan's ability to execute. Hence the silence. In the meantime, Dan/Otto continue to find ways to get funding and support outside of SRSR. They found Mr Potts who not only have the money but bought into the SRSR story. A new company was established as the investment vehicle for Potts. Once the company was created, parties took a couple months to discuss details. Right before the agreement is finalized, Dan PR the termination of Igex, the bad news. Than, 1 day later, Dan PR the positive news about Potts and new funds. I can't tell you if Dan was right or wrong on not PR status of IGEX concerns earlier. I wanted to hear something myself sooner myself as well. But I guess he was waiting for good news before releasing bad news?
SO, after this long post, I felt with Potts involvement, Dan/Otto/Potts have MUCH HIGHER chance to make SRSR successful and us shareholders richer. Of course, potential investors should know that SRSR is still a risky penny and don't invest money they can't afford to lose. Current stakeholders should know by now that this is a marathon not a 100m sprint to prosperity. I look forward to next round of PR. With Potts and funds, things should be moving forward. I hope Dan can update us by September timeframe the latest. I am cautiously optimistic right now.
If you want Dan to PR lawsuits or financial situation, then you will have to talk about Scott or Currah. No? A few people seemed to want to only focus on Dan and his inability to make us shareholders all rich NOW. Same folks also praised Scott and what he has achieved as SRSR CEO. Ulterior motive? In my opinion, whatever beef they have with Dan, they are not interested in the success of SRSR and/or us shareholders.
I do agree with more transparency with PRs when there are substance to report. I would not want a detailed PR about lawsuits in case it puts SRSR in a disadvantageous position, for whatever reason. However, if a court decision has a material impact on SRSR, than I want to see it in a PR.
I did not like the long quiet period earlier this year but am happy with the termination of IGEX deal, what Dan has achieved to date and Mr Pott's involvement. Its tough to run an underwater business with zero resource. In my view, Dan/Otto has successfully jumpstart SRSR from the dead water. I give them credit for it. What I would like to see in PRs in the near future are similar to some of your asking: Funding details(milestones) and plans for remaining 2017 and possibly 2018. Anything to add more validity to Mr. Pott's involvement that fuel investor confidence. Though, I can wait a little longer if Dan needs time to make things happen. A follow up PR sometime this month or early Sept would be nice.
where do you see who make a post sticky? I was trying to look for it but couldn't. Nevermind, I see that you are also a moderator. Thx for the 411.
At least I think One Love Garden store in Denver is still open. Last Google review was 3 weeks ago. Shango, the company it inked supply agreement with back in end of March, seemed to be a reputable company. So who knows. March 2nd seemed to the last day that Jeff/GRSO posted on FB, Twitter and Jeff's personal Twitter account. Perhaps he cashed in from the sp run up and is taking a break.
It's been so long that I forgot when I first bought srsr. 2005? Earlier?
lol
Hopefully.. but more shares may hit the street soon in the end of August. A solid business update from the company now or financial filings would be nice.
Cut and paste from the latest 8k for a $100k note issued on May 25th.
"The Note is due on demand 180 days from the Issuance Date (the “Maturity Date”). Payment by the Company to Lender under the terms of the Note may be made in either cash or common stock of the Company, at the option of the Lender. In the event the Company repays the Note in common stock, such common stock will be issued at a price equal to the closing price of the Company’s common stock on the Maturity Date (the “Conversion Price”). The Note bears interest at a rate of fifteen percent (15%) per annum, to be accrued through the Maturity Date. Interest may be paid in cash or common stock of the Company at the option of the Lender on the Maturity Date at the Conversion Price.
Additionally, the Company will issue the Lender shares of common stock in an amount equal to thirty three percent (33%) of the outstanding balance of principal and interest under the Note on the Maturity Date (the “Issuance”). The Issuance of the Company’s common stock to the Lender shall be at the Conversion Price on the Maturity Date. The Company shall deliver the shares of common stock to the Lender within ten days after the Maturity Date"
IMO, if and when that happens, the PPS should rise higher. Per Web's response to my silly math, we are probably looking at 5-6 cents per share.
This stock is still a risky play but payoff will be sweet if SRSR team can continue to "de-risk" Nemegosenda project. Payoff can be a life changer if they eventually proven reserve and engage a mining company. Now, that being said, the risk/unknown still exist and we might lose all of our investment. :) I am praying for the handsome rewards. LOL
Agree on your assessment. I was trying to be more conservative as we still have to deal with the mess with Scott/Currah and I don't know the details of those bagages. Why I said "ignoring that it's only accounted for 35% of project revenue).
We will go higher in due time. I was here when we hit teens and 20 cents briefly back in the hay days. I would love to see that type of pps again. LOL But I want to stay conservative until Dan and team show that we are truly rid of baggage and moving the company to next stage. :)
Sounds about right.
Here is my whacky math: With 25 millions Canadian dollars loan (~19 million) LOI financing, imo, we should be looking at pps of 0.023 right now.
Current market cap at 0.008 (low of the day) is 6.7 millions usd. Ignoring current debts, legal issues with Scott/Currah, that 19 mills usd only gives away 35% of the project revenue, this means we should look at a minimum of [19/(6.7)*0.008] 0.023 per share imo.
I don't understand your reply.
Here are my guesses/Theory: (my quick Google searches didn't yield much results)
Mr Pott is a private investor with $$. SRSR convinced him to be part of SRSR's future. In order to protect his own investment, instead of putting money into SRSR like Dan and deal with previous mess/con/fraudsters, RP Capital was bornt. If you Google map the address, it seemed like a residential location. It seemed like a multi-million dollars home in a private lot. I am not as concerned with previous failing ventures but that he funds SRSR with initiatives. We can't move forward without cash. Maybe he is running these fail ventures to offset taxes, have something to do in his spare time and have a title in the meantime. If all he does is financing SRSR with a loan and not to interfere with Dan/Otto's execution plan, does it matter if his previous ventures failed?
Of course, more DD is always prudent but I still believe in Dan in doing what he believes is the right thing for SRSR. You are correct that this is still just an LOI. Hopefully we hear something more concrete in the near future, like first 250k in the bank and new business devleopment. :)
Good luck. I emailed the company on timing of financial filings two weeks ago and still haven't hear back. I don't see us trending higher without solid financial/filing news. This doesn't mean there won't be short term spike though.
what will be the catalyst for this run? No news from the company, filings are late, 100k worth of promissory note issue in May (per 8k) and selling continues. We are now at 4 cents and the bear in me see 3 cents in the next few trading sessions, based on recent down trend. :)
Well, it's no different than many scamming pennies out there. This one seemed to have good promise but as it turned out, just another scam. GRSO management, I challenge you to prove me wrong!!! =)
If this is like many others, my guess is that it may drop to much lower level, say 1 cent, than company pumps some news to prop sp to say 3 cents and bunch of people will tell you sky is the limit. New investors/bag holders come in and allow company to dump more shares. Than its the end of good time. Price will be sub-penny.. just my guess or until the company proves me wrong.
I thought it was oversold at 25, 20, 10, 8 cents. Averaged down twice. So the joke is on me now we are at .0599. Good luck us. It's highly likely that the company is funding its operation via shares. Hence the delayed filings so they can hide it for as long as possible. IF this is true, than we are not oversold. More downside coming. Only filings with details can reverse this stock and move it higher, maybe.
Going down - 5.5 cents. Late filings, non-stop selling, buyer beware!!