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Just looked in detail tonight the following Verus Foods website. It's Awesome IMO and gives a good overview of the magnitude global distribution potential of Verus Foods. Another Sysco in the making IMO.
https://www.verusfoods.com/
Kingpindg, I think investors understand there appears to be a $78 mil distribution contract in play + the Disney deal but I couldn't find anything specific from company RBIZ or on the Al-Taj website confirming. The only thing I could come up with was post #16343 as follows. Not sure what the source is for that posted information.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142281762
Anyway, lots of irons in the fire it seems on RBIZ and hoping they put that non-dilutive financing package in place soon. Wouldn't $100 mil+ in non-dilutive straight or partner financing be Awesome!
Curious as to when the latest Q report will come out??
Thanks for the Super Awesome DD recap FF!! Pretty much sums things up for the forward thinking investor in $DRUS.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142854177
Hart is running a business and has been relinquishing convertible debt for the past several weeks. No secret in that. I think we know shareholders with most stock companies don't have all the inside information unless it is required as a significant event. For all we know, the company may be sold next week for $1 billion and we'll hear when and if it happens. The SEC filings are the key for long investors IMO and not some type of doctored up real or not real emails with lines through it.
Personally don't believe anything I see from a third party. I think we have all seen fake emails in the game of stocks. SEC filings and PRs directly from the company to everyone are key rather than personal emails that may or may not be real.
I think most savvy investors know how the other side operates and puts sketchy many years ago junk together that no one can understand. Actual DRUS company DD and watching the financials improve going forward is important here for those who plan to hold long. If people don't like DRUS they can sell or not buy. Simple as that.
Most of the notes in the 6/30 report have been conveted. Onward and upward based on dramatically improved fundamentals.
Would luv to see a white knight appear and buy DRUS for about $100 mil now that most of the convertables are over! Talk about a bunch of running for the hills.
Thinking there are 100s of millions of current naked shorts sitting and ready to take this to a nickel pretty quick. The pain has been huge for most longs still here and will also be huge the other way around when sellers continue to dry up. Most of the convertible debt shown on the 6/30 report has now been converted and earnings will show a dramatic turn on the next report. New website and offices coming in the next few weeks. These price levels will be history not too far down the road.
Agree. Hard to imagine something is not brewing behind closed doors particularly with hefty government contracts continuing to roll in. Just posted my thoughts.
What would a cash infusion of say $50-$100+ million from a non-dilutive friendly white knight partner do to the stock price?? Contracts continue to roll in and revenues in the $25-$30 million range likely in 2018. Constant filings suggest the notes are close to being done. Looking good for anyone who can see a possible silver lining unfolding in front of our eyes IMO.
That's $8 mil notes as of June 30. As of today most of those notes are gone. Move forward and not backwards in subsequent events since June 30.
True. Lots of shares continue in strong hands in the $.01-$.05+ range IMO. The ones dumping today are the ones who were looking for a big run at the time of the today's report.
Great post! $DRUS Longs see a potential Awesome picture developing here but impatient traders want a big $ return this week and may not be able to see the future happenings after June 30. The stock market is a risk but with a company growing $10s of millions of current contracts/revenues with the U.S. Defense seems to be a good risk at that!
The prior toxic financing is being cleaned up at a rapid pace. Very little as of today left IMO. So what's left now in the form of debt?
If they need more funding going foward, I'd suspect there are plenty of banks and other private sources that will give them money given the size of the business and the current clean-up of the balance sheet with a growing contract/revenue picture. I'm looking forward with a company today with substantially less debt than the June 30 report shows. This certainly doesn't feel like a company going under with improving contracts/revenues and substantial debt reduction underway.
And as of now the way I see it, a HUGE reduction in Net Loss going forward as of today from the June 30 report based on the massive recent convertables that were recently dumped. I wouldn't be surprised to see a small profit on the next report combined with once again growing $millions in revenues.
That's what the June 30 financial is telling you looking in hindsight. The CEO has recently advised a week or so ago most of the convertables are done and there is only about $4 mil in straight debt left. I think a company is projected to make IMO $25/$30 mil in 2018 will be able to handle any future debt loads. This company appears to have hit bottom and moving forward making $10s of millions of once again growing revenues. Looks like a bottom price here for a decent risk going forward. At least the company has $millions of cash coming with dozens of recent contracts.
Anyone here with at least one eye and half sense knows the company has been getting rid of the notes for the past few weeks. Most long term investors are glad most of the notes are now done and moving forward with more $ contracts and less toxic financing with the $millions of revenues continuing to grow again.
Agree. Dramatic improvement in the $DRUS loss picture from last year and keeping in mind, this report is thru June 30 where most of the convertables were still showing. We have read indications that the straight debt is now about $4 mil and "most" of the convertables are now out of the picture. Thinking the o/s is now less than 750 mil. Bottom line IMO, this company will likely do at least $25 mil revenues annually near term which is almost non heard of in penny land. The majority of the debt will disappear on the next report IMO and assets and will show a dramatic increase with likely some profit.
Looking good subsequent to the June 30 report which is now behind us! Looks like bargain prices here IMO. Heading to $.10/$.20+ within the next few months with Awesome contract $ news/new website/store/Thermaxx igniting the share price IMO.
https://www.sec.gov/Archives/edgar/data/1704795/000121390018010903/f10q0618_droneusainc.htm
Looks like the $DRUS CEO has no fear of diluting. But, if most of the debt gets cleared out with all of this, then I think with all the $10s of millions in revenues will correct it back to the $.05 to $.10+ range quickly. The debt and convertables were the problem here. Appears most debt is being cleaned up. Hopefully the upcoming 10Q will shed some light on the current debt situation as of the Q release date.
Starting to believe with all the sudden debt clean-up a buyout/merger is looming in the near future.
When $DRUS profits start rolling (balance sheet debt will quickly correct IMO) in for those $10s of millions in sales, then the SP will ultimately respond.
$50 mil revs x .50 (EBIT) = $25 mil x .80 (20% tax) = $20 mil/est. 550 mil o/s = $.036 x 20 PE = $.72 per share.
Of course, a much higher sp if a white knight large investment partner appears.
Read today $125,000 conversions left. That's only 12.5 mil shares to cover the last batch of conversions at $.01. Probably happened today. $DRUS
Seen a couple of companies in my day like $DRUS with revenues growing extremely fast while the debt quickly gets extinguished due to the substantial revenue influx as appears to be happening now. The balance sheet is ripe to correct quickly while at the same time a financial interest from somewhere in the world could take IMO a super HUGE financial stake and become a major partner of $DRUS. I'm thinking $100s of millions of cash injections are possible from a new suitor global investment partner at any moment. $DRUS is ready for the next level for global expansion given the Drone Aerospace business, Thermaxx, and subsidiary Howco Distributing on both the West and East coasts of the U.S.
$DRUS partnership with Thermaxx. Excerpt from June 13, 2018 PR and link below.
"Michael Bannon, Drone USA's Chief Executive Officer, commented, "As we re-position and re-brand our company, we will be changing our corporate name to Bantek Inc., which will have three divisions: Distributing (Howco Washington and Howco CT), Aerospace (Drone USA) and Environmental & Energy Savings (Thermaxx). Being a founder of Thermaxx LLC, I am intimate with Thermaxx's products and patented technology. Prior to founding Drone USA, I managed Thermaxx's international division. We will now be selling Thermaxx jackets internationally in South and Central America, Africa, the Middle East and Asia. We will also be selling domestically to Bantek's customers in the United States."
https://finance.yahoo.com/news/drone-usa-enters-marketing-partnership-120000179.html
And this from the 10K.
"Our management believes that, if market conditions and our financial resources allow, we may be well - positioned to assist in the global focus on improving health care delivery through our solution platforms. Global spending on health care in 2013 totaled $7.2 trillion or 10.6% of global gross domestic product. Health spending is expected to increase an average of 5.2% a year in 2014 – 2018 to $9.3 trillion. A number of these factors drive the increase that includes emerging market expansion, infrastructure improvements and treatment and technology advances. Overall, we believe that if these market trends and our financial resources allow, may offer us opportunities to provide our products and services."
"We believe that our primary target market for the Kallo Integrated Delivery System is global with the current focus in developing countries where health care services are limited. We have established several sales and marketing partnership agreements under "Business Associate" section either representing Kallo independently or as an organization. We are currently in various stages of our sales cycle with more than 10 countries."
Of course, the following 8K issued earlier this week is a bit more positive and specific IMO than the 10K report for last year period.
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=12690332&companyid=736857&ppu=%252fdefault.aspx%253fcik%253d1389034
Agree it's been a tough slow start. But will that no income ever stay the same is the question going forward?
A nice fairly sizable 373K bid at $.02. Now as I released this post another 121K bid at $.021. Someone wants a few shares.
If not covering, who is doing all the buying?
Like the Guinea part of the 8K. Particularly this excerpt.
"The scope of the original supply contract signed in January 2014 has been significantly expanded and we have implemented plans to obtain the necessary financing for the project with a suitable and qualified conglomerate based in the Middle East and Europe."
Thinking the original contract was a $200 mil deal with Guinea.
Like the trading whip action today. Let's see what happens tomorrow. No where to go but up from here IMO.
Could it be some short covering going on? High volume prior to price rise?
Just reviewing yesterday's 8K again and these two projects in particular look to be $sizable and very promising for a near term finalization IMO. Others listed look good too. Lots of eggs in the basket. Hopefully, a few hatch soon.
1.
Guinea, Conakry:
Over the last four years we have been undertaking efforts that we hope will allow us to have a strong business relationship with the Government of the Republic of Guinea. The scope of the original supply contract signed in January 2014 has been significantly expanded and we have implemented plans to obtain the necessary financing for the project with a suitable and qualified conglomerate based in the Middle East and Europe. We have also received assurances that the conglomerate is willing and able to finance, under a framework agreement between us, the Republic of Guinea and the financier, not only our healthcare project, but other planned infrastructure projects that currently look very promising. While we are optimistic that we will be successful in implementing these arrangements and executing our plans, we are aware that there are several third parties beyond our control and market conditions and circumstances may change which may adversely impact our ability to proceed with these plans.
2.
Ghana:
Currently, we have entered into five 400 bed hospital Concession Agreements with the Republic of Ghana under a FBOOT arrangement (finance, build, own, operate and transfer) model. Each of the FBOOT arrangements and the related agreements provide for 15 year terms if certain conditions and other contractual requirements are satisfied.
We are also working to finalize the financing arrangements for these Public Private Partnership (PPP) projects and we remain optimistic that we may be able to successfully implement our plans and strategies if circumstances and market conditions allow.
8K link as follows:
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=12690332&companyid=736857&ppu=%252fdefault.aspx%253fcik%253d1389034
Actual sales contract monies in hand is the key for sure but today's 8K provided an outline of information as to where globally the company is working to try and put something together. From an arm chair quarterback position, a financial partnership of some sort from a group of investors i.e., merger, or a % ownership, etc., could possibly give them that extra push to finalize a deal. The power of two rather than KALO going the Lone Ranger approach. Or maybe they need to almost give the store away via a can't resist deal price just to get a contract or two on the books then go from there.
Hopefully, we hear something between now and the upcoming 1st Quarter filing.
Also from page 17 of the 10K.
"The increase in our expenses for the year ended December 31, 2017 was primarily due to an increase in salaries and compensation of $4,559,762 as a result of non-cash stock-based compensation of $5,999,673 issued to management and employees, otherwise there has been a decrease in the number of employees from 2016 to 2017. There is an increase in professional fees of $36,686 as the Company caught up on all its previously late filings. Interest and financing costs decreased by $155,059 reflecting efforts by the Company to settle all third parties convertible promissory notes, which was $Nil as at December 31, 2017. The Company is operating with a minimal number of full time employees and office space until it can secure new contracts."
I think the company had around 19 or so employees at one point and likely slowly issued severance and other contract packages to employees as the exited. Now the company only has 4 employees and that is about what is shown under LinkedIn.
KALO had a sizable staff salary and other administrative expense overhead on the get-go for several years with no revenue. The initial plans didn't pan out as expected at the time but the expenses continued. Yes, the salaries, loans, etc., are out of whack in hindsight given no revenues but they could have hit pay dirt then with the big Ghana and Guinea deals worth about $1bil that have not come to fruition as of 12/31/17.
All that is in the past. Now the executive and FEPI stock is restricted and only about 13 mil common is outstanding. I currently don't see any evidence of recent new loans, selling of common stock, etc. This is a big risk for all but if any of the deals come through, then the current share price may seem a bargain. I don't think KALO is continuing with almost $70K in auditor expenses + 4 employees still there if there were not a reasonable possibility for the company to move forward.
One item I noticed on the 10K that I question is the following as to why they are showing certain shares outstanding as of March 8 rather than up to the issue date of the report. Maybe the upcoming Q report will show something new? Maybe not?
"The registrant had 1,135,699,249 shares of common stock outstanding as of March 8, 2018."
Which page on the 10K shows a 2 mil buy? TIA.
Agree Dearbard! The insiders and executives have always owned/controlled the majority of shares of the business and can do what they want. Most of us knew that on the get-go. If John Cecil and crew succeed, then the minority common shareholders will likely benefit financially. Everyone is sharing a stake in the "common" shares including FEPI. Looking forward to the upcoming 10Q to see if any financing or other deals have been finalized as of March 31.
Noticed Sage just posted the 10K for period ending 12/31/17 has been released. SEC filing link as follows:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12687569-1116-205686&type=sect&TabIndex=2&companyid=736857&ppu=%252fdefault.aspx%253fcik%253d1389034
As Sage said, we're still in the game. I continue to believe (speculation only) a reverse merge of a large global health care company of some sort will occur. The upcoming release in the next few weeks of the 1st quarter Q will hopefully give some good news of progress. I find this comment on page 6 of the report interesting.
"We are currently in various stages of our sales cycle with more than 10 countries."
The fact KALO took the time to file a late 10K filing extension with the SEC tells us one is coming IMO. So things may be delayed as you say for any news/funding release. There should also be an upcoming 10Q for the first Q. That IMO will give us insight of any current events if any. I'm betting we see something on one or the other reports.