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"Scamming again"? Please provide proof that they ever did.
Just because the CEO was patient and smart enough to go quiet when he needed to, and he did not meet with some people's constantly whining expectations, personal timelines and negativity, does not mean there was EVER anything even approximating a scam here. Sometimes one just needs to hang on for the long haul and read between the lines. Good grief.
Thank you, sir. Next week will be interesting. What will be more interesting is to see the final structure of the asset purchase agreement between NOHO and Sibannac, announced on June 29. Some of us have had to be very patient and to try and read between the lines for the past 4+ years. I always thought that as long as Mersky was listed as the CEO of both entities, and that with the passing of each month, there never was a reverse split, us retail stock holders had a fighting chance to make a buck or two. We'll see if that patience pays off.
I believe that guess is as good as anybody's. With 2.45 billion shares bought today, the implication is that today's objective was to take 2 billion off the table, with the additional 450 million going to private investors. That's my SWAG (super wild-ass guess). In any case, it 's clear that big money showed up today. Monday will provide us with another information data point. GLTA!
Meanwhile, SNNC, with which DRNK is supposed to merge (don't quote me as that being the correct term) has almost tripled in value in that past month. Interesting.
I suspect the company leadership is buying up part of the float, which should bode well for retail stock holders. The fact that Monday and Tuesday each ended up with just over a billion shares bought/sold infers that that a top-down accumulation plan is being executed. (Or somebody else might be making a huge move, which in my humble opinion is unlikely.) Where this ends up in terms of stock value/price is anybody's guess. Good luck to everyone.
Back to radio listening silence.
All I know is that every single one of the 11 million shares ($1100) I have sold in the past 10 weeks or so was snapped up in a instant.
Thank you.
From the June 29 8-K:
The parties intend to complete the transaction in the Fall of 2020. NOHO shareholders will be advised within sixty (60) days of the closing of the effective date for the shareholders of record to participate in the exchange." So, given that fall ends 21 December, shareholders ought to know something firm by about 20 October at the latest.
My gut tells me this thing is gonna seriously head north in weeks, no longer months and years. The start of this new quarter would be a great time for that to happen but so would any time in the next few months. I have appreciated that Mr. Mersky has been incommunicado with all but the occasional signal to the world, keeping his enemies and detractors at bay. There is nothing quite like the element of surprise, when the commander picks the time of his place and choosing to marshall his resources, and launch the attack. In the intervening three years, someone has entered a lot of "999999" share orders in the "buy" box...
Thank you for making my point. ;)
Been hanging around here since 2012-2013 and I actually OWN shares. It was a kick in the gut when Ryan massively diluted shares, finding himself and Labor Smart in a classic death spiral. The hit to my investment was devastating as it was to many others. That was a huge setback and Ryan publicly admitted his mistake. As I am a "you are forgiven, go sin no more" kinda guy, I believe he's trying to make amends. What astounds me is the number of people who come back and spend much of their waking lives to continue to denigrate the CEO of a stock that is supposedly dead, never to come back. I don't get it.
A couple of things keep me here: 1. You can say what you want (and you'd be right) about Ryan diluting the daylights out of the shares at the time, but as money and shares were flying out the back door he was doing a phenomenal job acquiring new business. Before the sh-- hit the fan some branches were approaching or had even exceeded $2 million annually, and the company was doing over $20 million annually. That to me means he can make business come through the front door. If he's learned his Corporate Finance 101 lesson, it will take time, but he can bring this back. 2. I don't blame him one bit for going dark. It was just about the only option. Better to get your ducks in a row before you're ready to go prime time again (please excuse the double metaphor).
I do not know when or if NoHo Gold will be released but I have seen on some old social media sites that it was quite a popular product, so its potential release could kick this into a higher gear.
I did a little tracking recently of where NoHo 6-pack and 12-pack shots stood (I did not track 24-packs), at various dates and times, in sales relative to other products in their categories on Amazon. You can do this by finding the products on Amazon and then scrolling down to "Product Details". Here is what I learned:
1. There is clearly movement and there are sales. If you look at the 6-shot packages, from 30 July - 1 August they moved from 84,222 in relative sales position to 58,570. It later moved BACK, but that specific trend up is clear.
2. If you look at 12-shot packs from 30-31 July, they moved from 223,566 to 53,311 on the list. That can only mean one thing: there was a sales burst - or large order(s) - over a short period of time. (The other possibility would be that between those two days all of the roughly 170,000 products between NoHo's 223,566 ranking and its subsequent 53,311 ranking had a bad day! That would be mathematically impossible!)
I tracked sales rankings during different times. A more scientific way would be to track sales rankings at exactly the same times, spaced perhaps 6 hours apart. For example, at 0600, 1200, 1800 and 2400. Then compare sales rankings at the same times over several days. That would give you better trend indicators.
Bottom line: things are happening. Someday, we'll know just how much...or how little, relative to expenses, float repurchased or not; etc.
6-shot NoHo:
30 July 2018: #84,222 in Health & Household (See Top 100 in Health & Household)
#1928 in Health & Household >Vitamins & Dietary Supplements > Multi & Prenatal Vitamins > Multiple Vitamin-Mineral Supplements
31 July, 2400: 66,263 in Health & Household (See Top 100 in Health & Household)
#1485 in Health & Household > Vitamins & Dietary Supplements > Multi & Prenatal Vitamins > Multiple Vitamin-Mineral Supplements
1 August, 2130: #58,570 in Health & Household (See Top 100 in Health & Household)
#1275 in Health & Household > Vitamins & Dietary Supplements > Multi & Prenatal Vitamins > Multiple Vitamin-Mineral Supplements
4 August, 1115: #120,730 in Health & Household (See Top 100 in Health & Household)
#2652 in Health & Household > Vitamins & Dietary Supplements > Multi & Prenatal Vitamins > Multiple Vitamin-Mineral Supplements
7 August, 1955: #81,907 in Health & Household (See Top 100 in Health & Household)
#1873 in Health & Household > Vitamins & Dietary Supplements > Multi & Prenatal Vitamins > Multiple Vitamin-Mineral Supplements
12-shot NoHo:
30 July 2018: #223,566 in Health & Household (See Top 100 in Health & Household)
#4627 in Health & Household> Vitamins & Dietary Supplements > Multi & Prenatal Vitamins > Multiple Vitamin-Mineral Supplements
31 July, 2400: #53,311 in Health & Household (See Top 100 in Health & Household)
#1179 in Health & Household > Vitamins & Dietary Supplements > Multi & Prenatal Vitamins > Multiple Vitamin-Mineral Supplements
1 August 2018, 2130: #124,125 in Health & Household (See Top 100 in Health & Household)
#2833 in Health & Household > Vitamins & Dietary Supplements > Multi & Prenatal Vitamins > Multiple Vitamin-Mineral Supplements
4 August, 1115: #224,843 in Health & Household (See Top 100 in Health & Household)
#4616 in Health & Household > Vitamins & Dietary Supplements > Multi & Prenatal Vitamins > Multiple Vitamin-Mineral Supplements
7 August 2018, 1955: #143,859 in Health & Household (See Top 100 in Health & Household)
#3223 in Health & Household > Vitamins & Dietary Supplements > Multi & Prenatal Vitamins > Multiple Vitamin-Mineral Supplements
GLTA.
Roger all and thanks. Back to my foxhole.
Janum,
You'll get no argument from me on honesty and integrity. I have placed a significat "wager" on this stock. I have to use that word because any stock - especially in the OTC - represents some degree of speculation. There are only a few positive indicators here...product has been updated and it is selling on Amazon. Tried the product/lot last spring and I liked it. There has been no R/S. Would I love to see a major annoncement soon? Sure. But I rather that it be decisive, not fluffy. Keeping the faith here. Blessings to you.
I've believed that ever since GRAS defaulted on the deal, Mr. Mersky would work in the background to make DRNK a winner without putting out a bunch of fluff, BS news, just to hold the hands of a few whiny "investors". On his timeline, he'll put his cards on the table. And again, I don't absolutely know, but I do believe when he does, it will be a winning hand. A favorable outcome to the GRAS court case would be serious icing on the cake. Goin' back to my foxhole now...
If I was about to get my clocked cleaned, I'd be asking for more time, too...no pun intended.
Spot on, Sherlock. What you state is exactly the reason Merskey has kept such a low pofile and almost no profile. I love his strategy. What he does - and when he does it - is totally his call, beyond the incessant sniping and the absurdities read here. The enemies will be caught unaware.
Go Army, Beat Navy!
Distressed? Or "not...troubled", but unwilling to meet guidelines at this juncture?
Either way, I don't know that I would expect a report or news this week.
Limited Category:
Designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to meet Pink OTC Markets' Guidelines for Providing Adequate Current Information. Companies in this category have posted limited financial information not older than six months through the OTC Disclosure and News Service, or have made a filing on the SEC's EDGAR system in the previous six months.
https://stockalyzing.com/penny-stocks/otc-market-tier/
Very well said, Sherlock. Telegraphing your every move was never a requirement for CEO and company success. Nor does it mean he is not taking successful initiatives left and right. The MM SEC investigation and case is still out there, too.
Meanwhile, the .0001 has allowed me to continuously and deliberately accumulate. Merskey is brilliant, not telegraphing his moves to anyone. I believe he will make his moves on his terms, when he has enough ammunition of the right type, and when the battlefield is appropriately prepped. Only this time, artificially holding the price down will be a lot more challenging. Given Merskey's last legal challenge, I believe the SEC will have a big, bright spotlight on any MMs who might want to, well, let's just say, not play by the rules.
Those items you note, announced within the past several months, take time to produce, get distributed and generate sales, with the shots having gotten a pretty good head start on all of them. In this lingering situation of "silence on the net" from Mr. Merskey, one can assume one of two things: either he has checked out...or he is waiting for the time and place of his choosing to make a big move. That includes a big move with no telegraphing to his competitors nor to those who only wish for his demise. What does a "big move" look like? An announcement of a reduction of shares coupled with an announcement of increasing revenues. I don't believe he has checked out and I have placed my bet accordingly.
Likewise, Prime-Time! Real company, real products and real potential, and it is still relatively early to stake a claim.
RSALAZAR you are spot on and I am invested accordingly.
Once revenues kick in, the management is going to have a lot more flexibility in reducing the O/S and in taking out the convertible debt. That will take time, but once revenues, reduced debt and reduced O/S get to the right tipping points, this stock will fly. Right now, at .0002, $200K could take out 1 billion shares, just like that. Sure, at the moment, there is a lot of stock overhang, but that could be taken out literally in a matter of days.
PT, You are exactly right. I have reduced my position by about 30% over the past 6-8 weeks, selling 2, rarely 3 mil shares at a time. Every time, they got snatched up. Somebody is buying. That Bid is no joke. I still have north of 50 mil shares and will hold until much bigger things or until the cows come home, and the cows have left the pasture and I haven't seen one in years.
My two cents of opinion on this stock and company:
- It's still very early in this game. We just a signed a distributor deal so it will take time to get the products out to the points of sale, and I expect there will be hundreds if not thousands of points of sale. With a major online distributor/vendor, like Amazon, well...I think you get the picture.
- Authorized share numbers are almost meaningless, at this point. Until they are put into play as part of the O/S (outstanding shares, or float), they are completely non-dilutive in their effect.
- If the O/S is decreased from here, that will have a material effect on the supply and demand situation of this stock and - IMO - it will be very bullish.
- The recent deal to effectively manage the convertible debt was a huge win by the company.
- I personally consumed an energy drink a few years back and my heart rate increased significantly for an entire evening. I was actually wondering if I was going to have a heart attack. I thought it might be due to the virus I had, but the next night, the virus was still there and I did not consume another drink. The high heart rate was gone. When I later looked at was inside of the drink (the first I'd ever consumed), I was stunned at the amount of caffeine. NoHo shots contain no caffeine .
http://www.nohodrink.asia/en/
- Personally, I believe the marketing and distribution of one version without cannabis (or caffeine) and a potential separate version with cannabis is brilliant. While the country seems to be heading in this direction, universal and legal cannabis use are a long way from reality in the United States. A few states have it for recreational use, others for both recreational and medical, and others for neither, while the trend seems to be towards increasing liberalization. However, while I don't believe this presidential administration will make a it a die in the ditch issue, with this attorney general, who knows. So keeping a version without cannabis which the entire population - and populations, internationally - can enjoy and use is, in my humble opinion, simply brilliant.
- Again, it's early in the game, but I believe this product and stock possess phenomenal potential. I would suggest we might learn just how phenomenal in a matter of months, if not weeks.
Authorized shares (A/S), especially if the company is heading in the right direction, mean far less than outstanding shares (O/S), which I understand are under 5 billion, at least for now. If the O/S gets reduced farther, then this could get really, really interesting. When not in circulation, the A/S shares are essentially a "stock credit line" or "insurance policy" (pick your metaphor), and if it looks like the company could be losing its majority share position, could bring some amount of the 25B shares into play, but only if necessary. The company could also just as well further reduce that number to 10B or 8B or whatever amount at the virtual stroke of a pen.
Somebody, in any case, just bought a bundle. Good luck to everyone.
Been here the whole time but rarely post now. Thanks for carrying the mail for the longs. I am with you and believe that Ryan continues to work behind the scenes. If I was in the U.S. I'd pay him a personal visit. He has asserted multiple times he will not reverse split and I take him at this word. We longs know he made a serious mistake in taking on all the original toxic debt but again, I believe he's been working to reduce that as well as the O/S.
This thing was beginning to really pop again in early 2016 before the BS lawsuit, which was then dismissed, but had already shut down the momentum at the time. But again, somebody has been picking up some shares the past few weeks.
I know people hate being in the "dark" but it is what it is. Either you believe or you don't.
Volume has definitely been steadily increasing over the past several weeks and certainly over the past couple of days. We'll see where it goes next week...
The CEO said he was going dark. Since then, it has been...well, um, kinda dark. Sounds pretty straightforward to me. What's all the fuss?
Trader53, thanks much for the post. Wow, that is a substantial - if not at the very least interesting - amount of short interest.
But isn't someone going to say at this point, "but all those links were made up by trader53!" Or, "you can't short a stock like this!"...or something else similar to try and discredit this information?
I could be wrong, too. (And yes, for some companies, going dark is not a good sign.) But I'm willing to wager/risk an investment that I won't be wrong, it's about as simple as that. Others will not risk it...and that is certainly their call.
Benefits of Going Dark:
1. Significantly lower operating costs and management time commitment for compliance and reporting activities. Sarbanes-Oxley Act compliance is also no longer needed.
2. D&O insurance costs decreased.
3. Personal liability of officers and directors, particularly certifying CEOs and CFOs, is reduced.
4. The stock continues to trade on the Pink Sheets.
5. Less public scrutiny and disclosure, making it easier to keep confidential such matters as competitive business information and executive compensation.
6. The company will have greater freedom to explore possible extraordinary corporate transactions.
7. Corporate governance requirements can be simplified. For example, it is not necessary to have a majority of independent directors and the board of directors MAY be decreased in size.
I believe that week by week, month by month, quarter by quarter, this stock is heading for bigger things. The convertible debt and major dilution could have sunk this ship, and after Mr. Schadel had to go to 20 bil authorized shares, everyone but a handful of us was sure of the company's immediate demise. But just like with Mark Twain, that demise was highly exaggerated, and surprise, surprise, Mr. Schadel brought the A/S back down to roughly 8 bil shares, two bil of which he either owns or has turned into ashes. Most people don't have a freaking clue concerning the difference of authorized vs. outstanding shares, and those are coming down with the passing of each month, as well. I love that there are this many people hammering the crap out of this stock. Tells me it remains a very, very good buy, and buy is what I continue to do. We will wake up one morning the with O/S reduced, debt reduced and revenues up, and I'm gonna have a hot cup of jo to celebrate. And I don't care how long it takes.
I have been on this board for well over two years, remain a robust shareholder and strongly believe in the CEO, Ryan Schadel and LTNC. The company has been through a lot. It rocketed to $24 million in revenues in just three years, a phenomenal record for any company, but particularly for a blue-collar staffing services company. Along the way, the company took on some convertible debt, and as often happens with convertible debt, that debt was indeed converted to shares, which caused major dilution and a race to the bottom. Ryan Schadel has fully owned up to this financing mistake and is doing everything he can to drive revenues, reduce debt and ultimately reduce the outstanding shares. I believe it's a matter of time when the confluence of these three objectives will drive the share price and the overall value of the company higher, much higher. Make no mistake, this is a real company with real people and real operating locations who are working hard to restore not only the revenues, but LTNC value and the brand. It is also my humble opinion that this company still represents a rare ground floor opportunity.
Indeed there is a big difference. In fact, I'd argue there is a very big difference. Which is exactly why I said, "It's not how far you fall, however brief, it's how high you bounce when you've hit bottom."
My two cents on Ryan and the armed robbery is this happened during the "stupid years". He recovered from it and is now a father and family man as well as a CEO. It's not how far you fall, however brief, it's how high you bounce when you've hit bottom. Personally, I have a ton of respect for how far he's bounced. Wish it were so that other people who made mistakes recovered as well as he has! To say that his mistake some 15 or 20 years ago has any bearing on his currently being the CEO is simply a cheap shot. It's about as senseless as saying that Bill Gates shouldn't amount to anything today because he was a "quitter" for quitting - dropping out - of college. But it sure hasn't affected his phenomenal financial and philanthropic success, has it?
I continue to pull for Ryan and believe he can square this company - and its stock price - away. He developed $24 million in revenue in three short years. The convertible debt was a mistake, one he has fully admitted to and is working hard every day to overcome. He KNOWS how to develop revenue. Now its a matter of revenue being judiciously used to balance the books while keeping an eye on future growth. This is a real company with real people, real revenues and real opportunities, IMHO.
Good example Lindsay. At some point, it becomes a combination of simple math and supply/demand for shares, which all of a sudden - literally overnight - may no longer be so easily available. If Ryan is reducing the O/S, especially if he is quietly doing so, we could wake up one morning with another 20-30% of the O/S reduced, with similar or greater demand for shares, and that can only have one result: drive the share price up. That is why I really don't mind being in the dark. Let him and the company steadily work away on revenues, reducing O/S shares and steadily paying off convertible debt while they're at it.