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Love the rebranding beyond the original hydrogen water drink as well as the addition of three new health and sports/workout beverages, including a K-Cup coffee!
And it is happening again. Higher volume and higher price over the past couple of days.
That leaves the shorts less shares to borrow for shorting the stock. Shorts - and their brokers - can pretty much borrow, even though they are in someone's account, shares to short sell as long as they are counted in the overall float. However, for any shares in someone's account that have a sell order associated with them, they cannot be borrowed and therefore cannot be shorted.
https://www.investopedia.com/terms/s/shortselling.asp#:~:text=Short%20selling%20occurs%20when%20an,the%20price%20to%20go%20up.
My humble impression is that the founder of Smog Armor, Tim Sperry, is very bright and energetic, and as transparent as business will allow him to be. His aperture is wide open, seeking deals inside the European Union (27 countries, 450 million people, with many of them very environmentally conscious), as well as in Latin America.
Right on. Companies - smart companies, that is - normally have far more AS shares than outstanding (OS) shares. This is for strategic defensive purposes, primarily against hostile takeovers. If a company becomes the target of a hostile takeover, it can quickly issue itself more shares, thereby retaining a majority of shares and ultimately, control of the company.
Outstanding shares - the total number of shares issued and actively held by stockholders - is far more important. Therefore, as function of the stock price, authorized shares don't mean jack, until they are officially added/issued to the OS.
Excellent observations across the board. The Smog Armor leadership on the board were refreshingly transparent, too. The inroads they have made with the European Union also represent significant potential. I came into the CC bit late. Do you know if a link is out there somewhere that captured the entire call?
Disregard...just saw it on the NOHO page. Thanks.
Did the link for this go out today? I did not see it and there does not seem to be much on their Twitter pages...
Thank you!
I own a bunch (and fortunately sold a fair amount during the big run in early '21) but for the first time in a couple of years am not sure about the new company or it's vector. Am definitely in "a wait see mode" for tomorrow and thereafter.
Thank you, sir, for this heads up.
As compared to outstanding (OS) shares, authorized shares don't mean jacks---, except that they can give a company the ability to fight off a hostile takeover if necessary. Having plenty of AS is a smart strategic move. So quit trying to make the 100 billion AS a big deal, because it's not.
https://www.investopedia.com/ask/answers/011315/what-difference-between-authorized-shares-and-outstanding-shares.asp
GREAT things happening and GREATER things to come!!!
"Takeover Industries results, year ONE:
Launched five products. Secured and continue store and online distribution of four.
NXT LVL Hydrogen Water was named CSP’s Retailers Choice for Best New Product
beating out industry leaders that included Coca Cola’s Smart Water+.
Products have generated over a million dollars in sales, are available in stores, on
websites, on Amazon, and through an affiliate program (new site in development).
Aggressive roll out schedule for store resets in 2022.
As of the authoring of this letter, NXT LVL Hydrogen Infused Water is available IN over
500 physical stores across the US.
NXT LVL Hydrogen Water is the Official Water of the Professional Fighters League....
(PFL).
? Developed and launched a Winners Juice flavored Gamer Shot with T-Pain, a Grammy
Award winning artist and Esports influencer.
Excellent, straight forward, non-emotional report. Thank you.
Good call. Last time Iglow showed up after a long draught, I bought 12 mil shares and made a 50X bundle!
What an absurd comment. The ENTIRE VALUE of the ENTIRE US stock market is about 95 trillion. I don't know with any assurance what the market capitalization is but it sure as heck is not 100 trillion!!
https://en.m.wikipedia.org/wiki/Stock_market
When this thing becomes eligible to trade in the US again, it's gonna rock:
https://www.pflmma.com/news/professional-fighters-league-announces-multiyear-deal-with-nxt-lvl-as-official-water-partner
Significance
The number of authorized shares is useful information for company management, but has no relevance for investors. You cannot access authorized shares until they start trading. A company may apply for an increase to its authorized stock if it needs to raise additional capital either for operations or for strategic acquisitions. The outstanding share count changes when a company issues new shares or repurchases existing shares. These changes can affect the stock price and thus the value of investment portfolios.
https://finance.zacks.com/outstanding-stock-vs-authorized-stock-2309.html
The only shares that seriously matter when it comes to traded stock supply/demand are "outstanding stock"(OS) or "issued" (or often called "the float" shares). Authorized shares (AS) are those at a company's disposition that it CAN or MIGHT put into circulation IF, IF needed. For example, a company can convert AS to OS to retain majority ownership if it is fighting a hostile takeover (I have seen this twice before). As this article describes, a company might have 100 million shares, but decide to never put more than 10 million in the float (available for trading). Bottom line: the critical number is the one for outstanding/issued/float shares!! The AS - no matter what the number - is far, far less important!
https://finance.zacks.com/outstanding-stock-vs-authorized-stock-2309.html
Am not sure how much debt will be removed but this is a very solid move.
For what it's worth, I completely agree. Whether due to shorting, MM manipulation or no BIG news (e.g., earnings) which would affect the stock's CURRENT beaten down price, I firmly believe the assembled team, vision, product marketing (e.g., Las Vegas) and logistics (e.g., consolidation in Florida) all bode very well for HUGE moves north in stock price and value next year.
Right on, Doobie. Not sure how smart I am but I did not miss this opportunity to pick up a bunch more.
Right on, Doobie.
"The stock market is a device for transferring money from the impatient to the patient."
- Warenn Buffet
Did the same yesterday. Had orders in for .0006 but then thought this could turn on a dime (no pun intended) overnight so grabbed some 7s. Things are heating up!!
Correction! SNNC went over .20 today, and is now back in the upper teens on HUGE volume. The last time it ran big - about 6 months ago - it broke $2.
Meanwhile, SNNC is picking up speed, too. It's up over 30% this week. Last week in the low .11s, now .15.
Best New Product Award for 2021!
I was not happy with the fact that there was no news after the CEO recently said it was forthoming, but if that news was not ready for prime time, so be it. I have continued to add at .14 and below. The overall product(s) and NOHO marketing team are just too stinkin' good not to. The potential here remains huge.
This is definitely NOT a scam. I would stake my humble reputation on that. As stock cycles go, we are just in a significant downturn from where we thought we would be now. Patience - yes, MORE patience - is required. "The stock market is a vehicle for transferring wealth from the impatient to the patient."
- Warren Buffett
That's not what we all want to hear, but it is so true.
Glad you're safe.
I am a patient - maybe even stubborn SOB - so I will stay the course. But as someone else has noted, if you say you're going to do something, do it. Everything else about this stock is very positive, actually. One solid PR - not the prediction of one - could really get us rollin' from here.
I am not selling a single share. However, I am disappointed that the person who is overall responsible for NOHO/DRNK does not understand that it is always better to under promise and over deliver, never the contrary. I don't get it.
Thanks, Ed. Own a bunch but picked up some more at these fire sale prices...could not resist. ;)
Right on. The dilution narrative has been absolutely rudiculous, bandied about without a shred of evidence. Your DD is spot on.
Completely agree. I personally have no doubt this price will be seen as incredibly cheap weeks and months from now.
...or Converse, which I heard has sold an athletic shoe or two.
FROM TWITTER:
Update: Takeover Industries, Inc. v. Stanley Barsch et al (2:21-cv-05089) FIRST AMENDED COMPLAINT against Defendants Stanley Barsch, Does. Addition of Doe 1 as Sharmila Viswasam. (Entered: 08/25/2021)
#NXTLVLNATION
"The injury that is to be done to a man ought to be of such a kind that one does not stand in fear of revenge.”
- Niccolo Machiavelli, 1469-1527
I don't know the specific facts of this case but it seems "Stan" allegedly did some - at the very least - legally questionable "injury" to the stock's value, and just as he stated several weeks back, Takeover Joe is not taking this lying down. I appreciate the legal follow-up.