Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
How you been bud? Thanks for the link. That must be pretty recent.
The term junk bond sounds about right.
You'll have to wait for the audited financials and a 1-???? reverse split.
So by next Friday we should hear something.
Most of mine have been side ways. Been watching and waiting for uranium and lithium miners to rally.
I've got time.
High risk high reward. It's only about 5% of mine. Which isn't much.
We'll find out. I'm not selling anytime soon. Actually I might buy some more.
I wonder if the Chinese shareholders want some divy action?
Funny you say triple. They would have to do an rs in order to get the price above a dollar. At least 1-150 split coming if they try to uplist. But they need audited financials first. Good luck with that.
I'm referring to wildfire. Wildfire is supposedly going to pay cgra $1.9 million a year plus fees for rent. Then wildfire will have to pay utilities, labor, taxes, security and equipment to to start up. I don't think they'll last long paying that much a year. Then crga will lose its big cash cow.
It's all about the numbers. How much water a day does each plant require? How much for electricity? How much for rent? State mandated Security system? Laborers? Things get expensive quickly. But the company would lead you to believe there's a ton of money to be made here. Smoke and mirrors.
Just for fun I looked up the average cost of rent for commercial space in Washington. Lol. Wildfire is getting ripped off by cgra just like the shareholders. The average is far below fifty dollars per foot.
http://www.loopnet.com/Washington_Warehouses-For-Lease/
The $2 million a year portion of their news release.
Yeah! Completely made up by the company. This is from the 5/18/16 news release by the company.
The Company previously announced approvals by Stevens County and the state of Washington for the legalized production and processing of cannabis at the Company's Chewelah facility. Based on the current infrastructures and approvals, the Company is working on the initial 90,000 square feet of canopy space and is working towards doubling its capacity during the year for a total of six (6) licensed tenants (there are currently three (3) tenants under contact). Under the Company's turnkey lease terms, the rental potential is in excess of $2,000,000 annually.
Well if you need info you've come to the right place. Here's a link to the otc filings currently available.
http://www.otcmarkets.com/stock/HERB/filings
What I picked up from this is that experienced oil companies have an average cost of $5mil to $7 million per shallow well and over $14 million for a deep well.
Great strategy lowtrade. Thanks for explaining that. Makes sense.
The s1 stated that the offering is contingent on the uplisting. They completed the rs and got the price above the minimum. Just waiting on Nasdaq.
The offering is consummation on the uplisting. Read the last line below I copied this from the s1. They have already filed, we meet the requirements.
Our Common Stock is quoted on the OTCQB® Venture Marketplace (the “OTCQB”) under the symbol “BLSP” (temporary symbol “BLSPD” commencing on March 24, 2017, through the earlier of the date on which our stock begins trading on The NASDAQ Capital Market or April 21, 2017, indicating that the Reverse Stock Split (as defined below) has occurred). On March 24, 2017, the closing sale price of our Common Stock was $5.80 per share. Currently, there is no established public trading market in the On January 19, 2017, we filed an application to have our Common Stock and the Warrants listed on The NASDAQ Capital Market under the symbols “BLSP” and “BLSPW”, respectively. No assurance can be given that our application will be approved. Listing of our Common Stock on The NASDAQ Capital Market is a condition to consummation of the Offering.
That's in reference to the offering, the uplisting is a separate issue I thought.
A few more days and we'll have an answer either way.
Nothing has changed in the 3+ years I've followed this stock.
Wright doesn't need to dilute. With the recently acquired bond money he can charge mgmt fees and pay himself back for all the money he "loaned" the company.
Lol. No problem I was checking filings and news yesterday.
Oh boy. Thought I missed some new development.
How so? Did something happen?
I'd like to think there would have been a sell off from insider info by now.
We don't
The pump is over. Now collect yours bags and wait 2 months for the next pump.
It now shows a .046 price average. Must 21 days since rs. I thought maybe it was part of the uplisting.
Anyone else show a zero for your balance on old blue here?
The rent revs for the whole year can't keep up with wrights fees.
Corrections that info is from the March 7th 8k not the most recent.
That's what I was referring to as well. Jmj gave blsp a little extra time to rs and uplist. Per the most recent 8ks. See below.
By letter agreement on March 1, 2017, JMJ Financial agreed to extend specified milestone dates contained in the events of default under the Note and the Warrants, whereby JMJ Financial conditionally agreed to waive any such default in connection with meeting such original dates, except to the extent of damages, fees, penalties, liquidated damages, or other amounts or remedies otherwise resulting from such default, if we trigger an event of default or breach any terms of the Note and the Warrants subsequent to the letter agreement (the “JMJ Letter Agreement”). Specifically, JMJ Financial agreed to extend (i) the date to receive conditional approval from The NASDAQ Capital Market from February 28, 2017 to March 31, 2017 and (ii) the date upon which a reverse split of our Common Stock will become effective from March 15, 2017 to April 15, 2017.
They agreed to file for uplisting with Nasdaq and do a reverse split by the fifteenth. Which they did. Waiting to hear back from nasdaq by April 29th.
Buyers beware. Crap stock here.
No he said mj stock. Which cgra isn't.
Show me another mj stock , with grow rooms ,room for expansion, 2 EXTRACTION machines ... please at .01 the potential here is staggering ..
If they start to expand will be at .25 in no time
Keep looking. Cgra isn't a producer. They rent space to a producer.
That's roughly 10% of today's volume. Good luck bud. I hope wright doesn't let you down.