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Completely concur. Even if it still slips a bit farther south, this base has held up very well and bodes well for accelerated growth in the near future. The company has made huge strides in the past year: right products, new markets, right timing. Right now is when Warren Buffet's mantra really comes into play:
"The stock market is a device for transferring money from the impatient to the patient."
On this Memorial Day, God bless all who made the ultimate sacrifice for our freedoms and opportunities in this great land.
I know, right? Those capital letters always cause me to sit up and pay attention, too, haha! And it was a whole one million shares! Geez, I'm really concerned now. Better head for the hills!
Hahaha...sure, that's what I thought.
LTNC$$$$
COMPLAINT(S): Having to read ad nauseum here about reverse splits, a duped Manny Pacquiao, and a porported "scam" while this stock, which had many days where it did not even have volume of $1000/day just 6 months ago, now averages over $8 million/day. Gimme a break. This is a different ballgame. Sorry for some they didn't get in for under .0006. Will the WEEKLY claims of "reverse split" stop if we haven't had a reverse spliy by, oh, I don't know, Memorial Day? Just asking for a friend.
Love those phantom reverse splits. We've been having them every other day, haven't we? I'd expect a bunch more, too. Somethin' to look forward to!
This is an All-Star, no-hype team of professional developers, marketers and sales professionals. For example, "Tzanetatos will lead the development and execution within various channels including Grocery, C-Store, Military, Fitness, and E-Commerce. Tzanetatos has a proven track record of performance, growing new and existing brands, and constantly exceeding sales expectations." It's the first week of 162-game season. Go ahead, believe in all the rearview mirror, alterior motive venom being spewed about McBride, et al. I know what I SEE - and believe.
Thank you for your kind concern for my financial well-being but you have this exactly bass ackwards. It WAS .0001, where I got in, and that is vehemently NOT the target. Let's compare notes in 2022, shall we?
This is an entirely new ballgame from the old NOHO days of years ago, with a new CEO, David Mersky, who is leading the enterprise with new products - like the Delta 8 THC brand - into US CBD/cannabis markets. The ongoing opening of markets in US states including CA, NY, and elsewhere is providing extraordinary market opportunities.
https://seekingalpha.com/pr/18208315-noho-inc-and-sibannac-inc-finalize-plan-to-complete-cross-purchase-agreements-allowing-noho
Do your DD, good luck to all, and have a nice weekend.
Haha...I posted this msg previously but as soon as I saw cpw's message I bought 12 million shares, adding to an already substantial position. Thank you, cpw!
I think it's closer to 9 but that's from several weeks back. Today, no clue. Of course, the question also is - or will be - how many are in the hands of the company/directors.
I recommend you do just a little DD and actually understand what authorized shares are. They mean next to nothing when it comes to stock value. They are strategic in nature and may serve as a weapon or tool to prevent a hostile takeover, for example. Said another way, until a company converts the AS to outstanding shares, they serve only as a kind of strategic reserve. The number of outstanding shares - i.e., in circulation or in the hands of investors - is far, far more relevant to a stock's price and the supply and demand which drives it.
https://finance.zacks.com/outstanding-stock-vs-authorized-stock-2309.html
Thank you, thank you, dear Lord, for this extraordinary blessing. Blessings to all, especially my fellow long-suffering longs, Prime Time, ed77777 and others!
Correction: SNNC is now at .57. The Ihub guote was 15 min behind real time.
For what it's worth, today Sibannac/SNNC shot up from .18 to .57 (it was .06-.09 for months) and is now back around .36.
Correction: 12 MILLION shares. But thanks anyway, CPW!
Thank you, sir, much appreciated and likewise!
$LTNC
Do you KNOW what the number of OS (outstanding shares) is? Here is one source that says your number is off by 3 billion shares:
https://www.barchart.com/stocks/quotes/LTNC/profile
ASSUMING for a minute that your 8 billion number is correct, do you know how many of those shares might be in the hands of the CEO? And if they are in his hands, do you understand that he can keep them out of circulation for as long as he wishes to? (If you know how many shares are in his hands, please show evidence.)
The AS (authorized shares) figure does not mean jacks---. Those are authorized shares. Companies dip into them only if they have to, to retain company ownership when under assault, for example.
As to your "under average" comment...as compared to what? Before LTNC got taken down by toxic convertible debt and dilution, they were a small company but growing like gangbusters. Don't believe me? See this link, which provides a lot more evidence than what you provided: http://bit.ly/2OqaPOH
I've said this before and I'll say it again because I lived through it: LTNC got fleeced by convertible debt and shorts, some 5 years or so ago. But Ryan stayed in the fight, took his licks, admitted to his mistakes, has learned from them, and in my opinion, is about to embark on an epic territory. The man knows how to bring business through the front door. The company's superb growth from 2013-2015 demonstrated that.
"Scrambling at best"? No sir. He's in the ring, got snot on his nose and he's throwing punches, fighting off the trolls and the namby-pamby critics out there. That's a lot more than I can say for most of us.
I'm not sure why but I haven't been able to see I-Glow's posts for about 3-4 years.
Oh, wait, NOW I remember! ;)
Likewise, Tmyz, good to see you. Wish you the very best!
I believe the perfect storm of continuing strong business in '21, getting straight on reporting (which should be iminent) and the right share structure, could again bring us silver. I no longer "look" for an epic comeback because...it's now underway!
Completely agree. Been here for 7-8 years. My first LTNC shares cost .20 to .30. Then the company, bringing in north of $20 mil annually, got overextended in opening new locations, and was forced to dilute. Shorts then made it a race to the bottom. So why did I stay? Because Ryan manned up and did a mea culpa. Because Ryan vowed to fight back and always disavowed a reverse split. Because Ryan knows the staffing business and how to bring in customers through the front door. He took the company dark to save it. I look for an epic comeback.
Appreciate the intel.
See the last major reference point below. It looks like a new (merged) company with new products, including the CBD market. Major volume spike in mid-Dec, then steady since 11 Jan. There has been Twitter traffic, too.
https://www.newsfilecorp.com/release/58693/NOHO-to-Engage-in-Asset-Purchase-Agreement-with-Sibannac-Inc.-for-Sale-of-NOHOs-Intellectual-Property-and-Formulations
Prime-Time, You and I and a handful of others ( Ed7777, Catmandoo, et al) have literally been following a trail of bread crumbs (and that's probably a stretch, haha) at .0001 for at least four years. I thought it was brilliant when Mersky took this dark, away from prying and predatory eyes. But now I'm ready for the next catalyst. The strong volume has indeed been fairly consistent. Around 14 Dec 1.8 billion shares were traded at roughly .0001. Since 11 Jan, it's totaled over 4 billion, averaging probably somewhere north of .00035. Somethin's gotta give. I wish you - and the other oldtimers - luck!
You are welcome and good luck!
Check out the last news of Sibannac (SNNC) , on this Ihub website, dated November 6, 2020. Who's name is on - i.e., who signed - that document?
One man's "garbage" is another man's treasure.
- Yotam Ottolenghi
This is definitely rockin' up, steady and strong. A slow and steady building of the base does, IMHO, bode much better than a flash in the pan.
Volume has indeed been higher by orders of magnitude in January. Volume inrease normally precede price increase. We shall see!
I agree on lessons learned from the debacle several years back. I recently sold off a lot of shares, took profits and still have soom room to run. I have no idea where this is going but I do know this:
1. Ryan has never entertained (or he has at least consistently denied) a reverse split.
2. He knows the staffing business. In its heyday, Labor Smart was approaching $25 mil in sales and some offices were busting $2 mil.
One reason I sold a bunch was because I thought Ryan was losing his focus (alledgedly, pizza business and advocating other stock options). But maybe he needed to do that to get Labor Smart through rough waters. We'll see.
Maybe not for "everyone" but it has provided effective relief for millions upon millions of people in the U.S. and around the globe. As for "everyone" else, if they want to take synthetic stuff instead of this natural CBD product (some with THC, some without, just READ the label)...have a big day.
https://www.globenewswire.com/news-release/2020/10/09/2106111/0/en/Global-CBD-Oil-CBD-Consumer-Health-Market-2020-Market-Size-is-Expected-to-Reach-USD-123-2-Billion-by-2027.html
Chartmaster, Thanks. With all of the focus on the share exchange, I had missed or forgotten about the product side of the deal. Again, much remains to be seen but one thing is for sure - there is A LOT of room to run in the CBD market. Check out the estimated 25% annual global growth rate projections through 2027:
https://www.globenewswire.com/news-release/2020/10/09/2106111/0/en/Global-CBD-Oil-CBD-Consumer-Health-Market-2020-Market-Size-is-Expected-to-Reach-USD-123-2-Billion-by-2027.html
If he is taking this into CBD land, this could be big. I was a CBD skeptic, but not anymore. Typically containing no THC (although some CBD products do), it's helped me from everything to high blood pressure, arthritis and sleep. I had a hip replacement 6 months ago and my physio therapist, even in ultra conservative Utah, said the CBD massage creme was their number one requested product. Even our 13 year-old Golden Retriever is on it and it's helped with her mobility and sleep tremendously.
Thanks for the news flash. AS is meaningless. It was established to avoid a hostile takeover of NOHO 4-plus years ago. The 10 billion OS is relevant. The questions remain: what will the OS count of the new stock be when the share exchange is complete? At what value? More product news as well? All of this remains to be seen.
That was my expectation as well. With 2021, news about an entirely new chapter in this company's evolution. En verra, as the French say.
Happy Holidays and blessings to all for 2021! Stay healthy and safe out there!
My humble two cents on this...
I've found two reference points that show the outstanding shares to be north of 9 billion. One is posted at the end of this msg. With roughly 4 billion exchanging hands in the past 3-plus trading days, it really depends on who is doing the big buying. If it's Mersky & Co., with the intent of taking shares out of circulation (the opposite of dilution) before the share exchange with Sibannac, it should bode well for future stock value. If it's not Mersky directing the buying, with mostly private investors jumping in, we could tread water again. As most folks here know, the stock price is first and foremost determined by supply and demand, followed closely by greed and fear. My two cents. See link below.
https://www.cnbc.com/quotes/?symbol=DRNK
Thank you. Did Cramer endorse at this price?
Missed it. Could you or someone else summarize?
I'm no business expert but I know enough to understand that conditions change, competitors squeeze you out, laws change, stocks get shorted, etc., etc. Sometimes things work out, sometimes they don't. It's called business. Will things work out this time? I have no earthly idea. But I have skin in the game (that's called risk; you win some, you lose some) and I'm willing to wait. Everybody has a different threshold for what defines success here. What baffles me is why some people incessantly whine and cry, but don't change their circumstances. If it was a "scam" four years ago, they should have gotten out with this recent 2.5 billion share exchange, or do so soon. Because if they don't, they have absolutely no credibility if this ends up not meeting their expectations. As for me, I've assumed my risk, and if it doesn't work out, I won't spend the next four-plus years bitchin' about it on this board.