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From the most recent 10q the company has no cash and a significant accumulated deficit. You are kidding yourself if you think the company suddenly came up with $373k in net sales selling $79 CBD cream (of which Sydney gets 50% off the top to himself). No... the real source of paying off two of the many (default) notes was accomplished by creating even more convertible notes - get ready for the dump.
Ummm - just the obvious - how exactly did they pay off the notes without incurring more debt - kicking the can down the road.....
Hard to believe it was just one year ago that Maurice promised we were "well on our way" with meeting revenue targets with the Lakota deal.....
Short selling a sub-penny stock is nonsense. I have posted the rationale here before, but here is a good discussion on the topic here in case you don't trust my analysis: http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi?ubb=get_topic;f=9;t=002254;p=0
Short selling is not happening for the simple reason that it cannot possibly make financial sense to do so.
$NTRR = N-TURD
eom
Orgaceuticals is a one man show (Del Riley) operated out of the basement of his house - take a look at corporate headquarters: https://www.google.com/maps/place/1821+Linglestown+Rd,+Harrisburg,+PA+17110/@40.3274306,-76.8723168,3a,75y,150.53h,90t/data=!3m6!1e1!3m4!1snQRCNrbaWlr_H7oif0ZFCw!2e0!7i13312!8i6656!4m5!3m4!1s0x89c8c6ffd5784285:0x4a8d06627e8a1930!8m2!3d40.3272308!4d-76.8721636
Yup - apparently I under estimated Syd's ability to whip up a batch in his garage...
Please explain exactly why NTRR is "undervalued"? Is it because they have made at least one sale of their $69.98 sports cream (less 40% going to Sydney Jim for payback plus another 10% royalty) netting $34.99 (minus cost of goods/sales, interest)?
Speaking of "value", did you notice Dr. Scott Cherry joined the company on April 10 and certified that hemp extract cream as being "independently certified" on April 18, even though he was an employee of the company at the time of that certification?
It's worse than that assuming this is the note: On August 6, 2019, we issued a convertible promissory note to a third party for cash proceeds of $50,000. The note is in the amount of $53,000, and it matures on July 31, 2020. The note bears interest at 8% per year and is convertible into shares of our common stock at a 39% discount to our lowest trading price over the preceding 15 days with a floor on the conversion price of $0.00005.
Doing the math:
$53,000 divided by ($0.0009/ share x 39%) = 151 million shares
Yup - plenty of info: NTRR: NetworkNewsWire (NNW) will receive $25,000 per quarter for 180 days of NNW Core Solutions from NTRR for Brand Awareness Distribution (BAD), Corporate Communications, News & Editorial Syndication, Press Release Enhancement and Social Media Solutions provided by NNW and Investor Brand Network (IBN).
NTRR = N-TURD
$.0005 coming $NTRR
And what do we know about J3? Do they really have land, warehouse, employees, income, equipment to cultivate, refining assets, labs, debt? Another paper company whipped up by Syd? How exactly is Syd going to acquire this alleged company without any cash? With a working capital deficit of over $1 million, how does he intend to fund the ongoing operation after acquisition?
What are you talking about? The Vivis "deal" is already announced - Sydney is busy cooking up another high quality batch in his basement so he can collect his royalty checks. Mixing up CBD oil with Vaseline for a topical rub has already been done by dozens of companies. Sydney is a one man show and a Pak-Mail drop box for an office/warehouse. He (the Company) has zero cash, zero inventory, no employees, no products (the air brushed bottle on his website doesn't count), no marketing (no one has ever heard of Vivis - it didn't even exist on paper before a few months ago when Syd registered it), no business plan (besides using the new word he learned "vertical integration"), and an unlimited share count..... what could possibly go wrong????
Sorry - I guess you missed the memo - not going to "see pennies" since the R/S was cancelled....
Did you happen to find this in your google search?: https://www.google.com/amp/s/seekingalpha.com/amp/article/3488956-titanic-ten-exposing-10-related-otc-stocks
What exactly is Sydney Jim's "excellent background"?? He is a has-been tennis player with no experience running a public company.
Only problem is that Vivis is not "real well known" - in fact we know nothing about them - no sales, no marketing, no distribution, no employees - in fact all that we do know is that it is a paper company set up in Wyoming by Sydney just a few months ago.
How exactly is this "one man show" going to plant, grow, cultivate, manufacture, test, warehouse, market, ship, sell and distribute yet another "product" from a Company with no employees, no assets, no money, that no one has ever heard of (Vivis) in a market that is already saturated with hundreds of other wanna-be CBD oil product companies, run by a man (boy?) with no experience other than running go-carts and playing semi-pro tennis?
NTRR = N-TURD
eom
I think I found the answer as to what Sydney has been doing with the $2 million he raised over the last year:
https://hype-hub.com/author/sydjim/
Are fishing trips, ski trips, fancy sushi/caviar meals with high dollar bottles of wine, new racing bikes all considered a business expense??
Knock yourself out.
NTRR = N-TURD
By my math...Oct. 14 is the effective date of the R/S:
Pursuant to Rule 14c-2(b) promulgated by the SEC under the Securities Exchange Act of 1934 (the “Exchange Act”), the actions approved by the Joint Written Consent of the Board of Directors and the Majority Consenting Shareholders will become effective twenty (20) days after the date of mailing of the Definitive Information Statement to our stockholders (“Effective Date”). This Information Statement shall constitute notice to our stockholders of the above Corporate Action taken by the Corporation pursuant to the Joint Written Consent.
For point of clarification, we need to stop referring to NTRR as "they". This is a one man show with Sydney Jim being President, Secretary, Treasurer, Principal Executive Officer, Principal Financial and Accounting Officer, and Sole Director - the company is just a vehicle to pay himself for shell companies he is pretending have assets (Vivis, J3, Diamond Anvil, Artillery Labs).
Unless of course we wish to dive off into a discussion about Boxcar Transportation Corp - a shady Panamanian company controlled by Thomas Cloud...
FYI - from the 10Q subsequent events section, another $53k of notes were issued. Based on yesterday's close and the conversion discount of 39%, this equates to another (gulp) ~136 million shares of dilution (47% increase)
Get in line to stake your claim of $6 million forfeiture: https://www.courtlistener.com/recap/gov.uscourts.txsd.1427306/gov.uscourts.txsd.1427306.420.0.pdf
Also, in related news - another litigant identified:
https://www.sec.gov/litigation/complaints/2019/comp24611.pdf
DD for you on Sydney and his past life at FTTN: https://seekingalpha.com/article/3488956-titanic-ten-exposing-10-related-otc-stocks
The facts simply do not support your theory. As of July 31, the outstanding shares exploded over a one year period from 7 million to 178 million. The ATM printing machine has not let up and is spinning out of control and is now up to 290 million just 1-1/2 months later!! And you would think Sydney would have something to show shareholders for his $2 million of additional paid-in capital besides a new tennis racket or fancy racing go-cart with perhaps NTRR logo on the side?
NTRR = N-TURD
Contact info:
54 Sugar Creek Center Blvd., Suite 200
Sugar Land, Texas 77478
Phone: (281) 728-7900
VMRI back in the news: https://www.sec.gov/litigation/complaints/2019/comp24611.pdf
It is getting worse...clearly Sydney has no business running a public company. As of July 31 the company has raised nearly $7.9 million in additional paid-in capital ($2 million in the last year alone) - one might argue that he has this amazing talent for raising capital - yet the only question shareholders need to ask is "what has he done with all the money raised thru dilution"? Aside from paying himself a salary and paying himself for a shell company (Vivis) that has no assets or revenue, what exactly has the company realized through all of this dilution? Clearly he views this company as his own personal ATM.
New Ticker to be NTRRD (pronounced as "N-TURD").
Train wreck....
As of September 23, 2019, 290,048,358 shares of common stock are issued and outstanding (vs. 57,214,486 as of June 11)
Total assets = $65,964 (vs. $105,816 on Apr. 30)
Revenue = $0 (still....)
Common stock issued for debt = 178,176,960 (vs. 7,182,983 in April) - all this while only growing additional paid in capital by $71k
As of July 31, 2019, the Company has negative working capital of $1,053,684.
As of July 31, 2019, we owe Mr. Brown $120,585, which is recorded on the balance sheet
On August 6, 2019, we issued a convertible promissory note to a third party for cash proceeds of $50,000. The note is in the amount of $53,000, and it matures on July 31, 2020. The note bears interest at 8% per year and is convertible into shares of our common stock at a 39% discount to our lowest trading price over the preceding 15 days with a floor on the conversion price of $0.00005.
During the period from August 1, 2019 through September 23, 2019, the holders of the convertible notes payable converted principal of $75,000 and accrued interest of $5,109 into 111,871,398 shares of common stock.
As of July 31, 2019, we had cash on hand of $0.
So .....Jim knows drugs because he takes drugs.....is this even news? Was it half a baby Bayer aspirin or was it his well established VIVIS brand CBD treatment? Clinical trial or was it a bong party at a frat house with his tennis buddies? Is the RWB sponsored race car ok after the crash?
Yup - how else do you think they are going to pay Sydney his $235,000 (plus 10% royalty in perpetuity) for a company that exists only on paper with no assets? Or the latest $50,000 to NetworkNewsWire for their piece of fluff news/interview with Sydney (what exactly is "vertical integration" anyways....?).
Regarding the "DD" just posted, with no sales or actual customers, what exactly has Vivis done for "gaining a solid market standing...and customer satisfaction"?? They seem to be touting "high quality", yet their "soon to be released" 2nd product is reported to only be 80% pure - how does that jive with this marketing scheme for quality?
"I don't think they are a scam...." - lol
This same crowd has been promising a product as far back as 2012 - why do you think things have changed now?:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=85795467
You are welcome. Just curious if you or anyone else has inquired with Maurice about the Company's next steps in light of missing financials and having Lakota deal fall thru?
LOL - yes an airbrushed picture of a product. Funny that they are marketing their product as a "Dietary Supplement" - the FDA calls this sort of labeling as not legal: https://sciencebasedmedicine.org/fda-no-cbd-in-dietary-supplements-or-foods-for-now-but-lets-talk/
"VIVIS CBD products are third-party certified" - how exactly are they "third-party", when NTRR's Dr. Scott Cherry is the one doing the certification??
I see Sydney Jim is still at it - he comes with a long history of baggage (FTTN): https://seekingalpha.com/article/3488956-titanic-ten-exposing-10-related-otc-stocks
Regarding this latest press release, clearly Vivis is just a shell company which just came into existence last year (https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=222158103079105117011016097105202015072005237047) - no revenues, no production, no assets. No surprise, as the corporate registration is a notorious address: https://www.wyomingpublicmedia.org/post/decade-after-scandal-wyoming-once-again-hotspot-business-formation#stream/0
However, in Jim's defence, he is just a puppet for Thomas Cloud and Kathleen Delaney to further fleece investors - take a deeper look into Boxcar Transport and you will see the connection.
A word about shorting: Brokers require investors to put up collateral to guarantee against potential losses in the form of margin requirements. Often times, brokers will require OTC investors to have $2.50 of margin per share to short a stock under $2.50, which can make shorting penny stocks very costly, especially when you get a margin call.
For example, if an investor shorted 1,000,000 shares of DUTV stock at say $0.0007, you have to have $2,500,000 (1,000,000 shares x $2.50) in your account. All along, the maximum profit for this position would only be $700 ($.0007 x 1,000,000) if the stock went all the way to (near) zero before covering. For this reason, along with finding a broker willing to lend you sufficient shares to short, the prospects of shorting a stock at this price level are extremely unlikely. Even at a much looser margin requirement one can easily see the math would never make much sense.
Shorting penny stocks will normally not occur unless the price is $1.00+.