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I am content to wait! Not much to say, but still here being patient.
I like how things have been going and am looking forward to increased growth.
PNNX
GLTA & have a great weekend!
Pirate
Thanks, Sterling! And great point about comparison to other stocks.
PNNX
GLTA
Pirate
Sterling, this post is great. It's one of the first I read before I got in. Thanks for this.
Do you feel the same in terms of the $15 PPS minimum? It looks like Share Structure is the same to what it was in October, which is really amazing to me and I hope others shareholders know this! Plus they have executed since then, which is also amazing as a lot of companies say they will do this or that and never do.
Appreciate all of your posts.
PNNX
GLTA
Pirate
Lol!
Grabbed More!
I like their business plan. I like what they are trying to do and I think they are going about it the right way. Am I certain this will take off, no, but no one ever is. I think if they execute according to plan this will be very profitable from here. How profitable? I feel like if it shows strong results post beta then the sky's the limit and they continue to replicate in different geographies and different industries.
PNNX
GLTA
Pirate
So after you had your wings (maybe you didn’t eat them, I assume you did because you said you were at a wing place), what did you find when you went to PNNX?
lol!
Thanks, I've been following Sterling closely!
I remembered you were from Florida as I was on a board (forget which one) with you a few years back when we talked about one of the huge storms that went through Florida.
Your comments about your visit to the company office were very helpful, thanks. Always enjoy your posts...the serious DD ones AND the funny ones!
PNNX
GLTA
Pirate
Thanks, LTG! Trying to do my DD, but obviously missed that. You don't miss anything! Thanks for the recap, much appreciated.
PNNX
GLTA
Pirate
In this Twitter post from 2/28, they say:
Another great week at $PNNX, getting closer to our public launch, preparing for more subway launches as well as some major campaigns. We are also working diligently behind the scenes on our ramp up to entering the #fintech sector. Stay tuned for exciting developments.
Another great week at $PNNX, getting closer to our public launch, preparing for more subway launches as well as some major campaigns. We are also working diligently behind the scenes on our ramp up to entering the #fintech sector. Stay tuned for exciting developments.
— Pennexx Foods Inc (@pennexx) February 28, 2020
Well said, 46er! I believe the same.
I looked up that Subway has 24,000 locations in the alone! This could take off fast!
PNNX
GLTA
Pirate
Basic Valuation
In looking at the Pennexx Twitter feed, it looks like they are in about 30 stores:
https://twitter.com/pennexx
So, 30 stores and approximate PPS of $0.20. If in 300 stores, does that mean a PPS of $2.00, 3,000 stores, $20? Comments welcome.
Also, in the first section of the FAQs on their website, they say:
"We anticipate that the world will be able to use our YSO product within the next two-three months".
http://www.pennexxfoods.com/faq.html
I like that statement!
GLTA
PNNX
Pirate
Got in earlier today! Looks like a good board here. Glad to see you here, LTG, and thanks for posting about your visit.
PNNX
GLTA
Pirate
Yep, RaTrade. I’ve been looking at this and I saw Fri am someone posted the link to the GD story and I thought “I thought GD was on the NYSE” but then thought “maybe, because these guys are trying to run a business and aren’t focused on exchanges like people here, that they meant NYSE”. So, glad that is all resolved!
GLTY
ELTZ!!!
Pirate
Thanks for the note, Back! Glad you are still here. I don’t have time to check much lately, but I still love what the company does and think if management can continue with their recent filings and news things will be looking good for everyone, including the longs!
Go FLES!!!
GLTA
Pirate
Yep, that is a lot of work! It’s what we were expecting when we invested. Guess they don’t want to work when they can get it for free!
Pirate
Tom, you seem like you have been around the block before. Question for you and anyone else that knows this stuff.
Let’s assume the company is really operating and has revenue that is growing at least a little. But they have this debt that is killing them. Why don’t they just get current, be more transparent, PR what plans are and all the good that is going on in the business....while all the while keep a ton of stock in the company that, after the effect of doing everything I said above takes place and the price goes up a lot, they can slowly sell into the market to pay off debt.
Then they won’t be burdened by the debt, can focus on the business, the PPS is up and shareholders, including Managment, are happy!
Appreciate all thoughts!
Pirate
Agree and well said...
Unfortunately you are right...
Hey Managemnt, prove that you aren’t aholes? Come on. Can you? I would never do anything illegal, but you have to think, there are crazy people out there, don’t you worry about your safety? People are nuts!
Probably true. These guys are aholes
That’s the most positive post I’ve seen in a while! Haha.
Let’s go FLES get it together.
Pirate
Hey Management, anything to say publicly? What’s the plan? Is the plan just to take thousands from innocent people or do you have a real plan? Let us know. Now!
Pirate
Very True, Jstn! Sick of this PPS!
Pirate
No positive posts! Not even any paid dudes. This is bad! Let’s go management. Do SOMETHING! Can’t just take our our money and do nothing...oh wait!
Pirate
Great intel....thanks for sharing
Pirate
Haha. Hey chokum, I saw your posts, but did the guy who took the tour ever post anything more? I don’t remember seeing anything. What happened to him?
GLTA
Pirate
Hey Management, how about a statement? A PUBLIC statement! What is the plan? Step up! Not soon, but NOW.
Pirate
Hey Management, F U
Majk, I disagree, that wasn't a run! I mean, look, I get it, for anyone getting in now or who has averaged down to close to here, sure they can make money off that, but that isn't a lot of money unless you have a ton of shares.
You can't tell DKEZ its his problem that he hasn't averaged down, maybe he has a little or maybe not. I have, but I'm still at $0.016. For those that have, yes, they are in better shape, BUT, it's all timing, and mine was BAD! If I put the same amount in now that I did around the R/S, I would have a ton of shares. I, and a lot of others, maybe you, put money in because the company had lying, scamming, pieces of crap on here promoting the company, when the company knew the PPS would be heading south! And that is the root of why all of us longs can't get too excited about little moves in PPS.
I like the company, what it is doing, I mean, but all this dilution, the lies, the lack of transparency, it sucks! I believe this is good for people getting in now, but I'm still mad!
By the way, appreciate all you do here, I just disagree on this point!
GLTY and GTLA
Pirate
Here is something crazy....been busy last few days, checked in enough to see Q was filed. BUT, if I hadn't checked in and just went on now and saw the price, I wouldn't have thought anything happened!
Nuts! These guys better have a plan!
GLTA
Pirate
Love it Chokum! But it’s like talking to a wall with these guys! Everyone talks to them and they say nothing back! I sure hope they have a plan that makes us all happy!
GLTA
Pirate
Ok, Seth, I'll take a high level shot here and encourage more experienced traders to rip into this...
Hoping they are at least at revenue of $12M a year run rate right now. Multiply that by a factor of 5 (general valuation, 5 times revenue approximates company value or market cap). That gets us to $60M. Lets say the O/S is 200 million shares. $60 million market cap divided by 200 million shares puts us at about $0.30 per share, right now. Good PRs increase that.
I know there is a lot more to factor in, like debt and how much net income there actually is from the $12 million in sales, but this is where I am at.
GLTA
Pirate
Thanks for the update, Chockum. I'm interested to see how the site visit went. I am really interested to see what he says about his interactions with them.
I imagine those guys staring blankly at Sidvicious when he asked them something because people on here, people in email, people in phone calls with them, beg them to do something, to file, to release PRs and it's like they just look you in the eye and say nothing! I know they can't release non-public info, but after all this time and after all the shareholders begging for info, why they can't simply release a PR, a "letter to shareholders", whatever, explaining what they are doing and their plan...well, that is beyond me.
They need to get their act together and soon, before they tick off the wrong people!
Good Luck to everyone here!
Pirate
Yes, drop BOTH Qs and Line up the PRs!
Let's go!
GLTA
Pirate
Or maybe there is good news coming and he didn’t want to risk giving you inside info, per counsel! Nah....
Thanks for the update. It is much appreciated!
FLES!
Pirate
Where are the Qs aholes?
Nice find, Just Joe!
Pirate
On a Saturday?
What about news?
Pirate
Hope so, Sirpeter! I'm really losing faith around here.
Let's go Management, get it together.
Pirate