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For CE stocks I was told that the time line is 4 to 7 weeks and will get longer as the Sept 28th deadline comes for no information stocks which will not be able to be bought or sold unless they've filed
LPC helped LWLG to become a multi dollar stock but the company did what they had to do,unlike our ceo and company to date..>>
We expect that our cash used in operations will continue to increase through 2021 and beyond as a result of the following planned activities:
· The addition of management, sales, marketing, technical and other staff to our workforce;??
· Increased spending for the expansion of our research and development efforts, including purchases of additional laboratory and production equipment;??
· Increased spending in marketing as our products are introduced into the marketplace;??
· Developing and maintaining collaborative relationships with strategic partners;??
· Developing and improving our manufacturing processes and quality controls; and??
· Increases in our general and administrative activities related to our operations as a reporting public company and related corporate compliance requirements.??
While I think the ceo is inept,the stock with less then 50 million os is more attractive down here then she is for causing us to be here.So since 0.057 I've been adding yesterday included,didn't look like 0.05 was gonna be tested and so gobble gobble
Otcm is jammed up with CE filers the timetable is now 4 to 7 weeks and could get longer with summer vacations and the 9/28 deadline for no information stocks
"If a tree falls in a forest and no one is around to hear it, does it make a sound?"
Can you imagine holding a stock for 4 to 7 weeks while there is only selling with little buying from Canada lol
Spoke to Otcmarkets today they are jammed up,because the CE company's trying to get the CE off with filings out the ying yang.I was told 4 to 7 weeks for submission to results.So all these CE deals telling investors any day now are full of bull cocky lol.These stocks should be flushed for good
You mean covid20?Of course because now China knows we have a foolish old man that is Obama's puppet in the WH.Anyone can see the world heated up when Biden took office,the question for some is why and the answer is one word>>Weakness and Melissa praised that weakness in the face of her company's continued weakness
Good morning as far as politics goes i got political when Ms Inept got political by putting out a presser thanking Biden.That was a slap in the face of all shareholders being she didn't update shareholders or announce anything during the pandemic because she was afraid or was it she knew they were failing the sales game?Personally she needs to go despite her sweetheart contract that pays her well for failure when she does move along.
Look in all seriousness Melissa is probably a nice person even though she's a Biden lover and a shitty Ceo.But being they can't draw any funds from the LOC with Crestwood given the lack of account receivables and they are raising the AS to 75 million,expect to see a new agreement with LPC at lower numbers.But they better have something more and I mean much more because the note to Cherokee for $1,240,000 is due in full 2/15/22 and that note entangles everything.The fact that they waited last year to pay Cherokee and it cost over $100k shows lack of urgency on Melissa's part a failure as a Ceo.But she will not be voted out imo unless a certain corp votes for that and its my opinion that John was speaking to one of the corps that hold a large block of common in that 13d when he said about replacing MW with someone that would buy and or hold the stock.
Currently looking?I mean they knew for over a year they have a problem with the LOC because they had a problem before with it lolol.Melissa is delusional,she's like Stevie Wonder driving a car and I don't mean a Tesla lol
In February 2021, our credit facilities with Cherokee Financial, LLC were extended for another 12 months, or until February 15, 2022, which is less than 12 months from the date of this report. Our total debt at March 31, 2021 with Cherokee Financial, LLC is $1,240,000. We do not expect cash from operations within the next 12 months to be sufficient to pay the amounts due under these credit facilities, which is due in full on February 15, 2022. We are currently looking at alternatives to refinance these facilities.
As of March 31, 2021, based on the Company’s availability calculation, there were no additional amounts available under the Company’s line of credit because the Company draws any balance available on a daily basis.
This chart tells the story,Melissa had zero to do with the spike to $1.26 and everything to do with the drop from there to below 0.06.John spelled it out in his activist filing,this individual sucks as an exec,however she made sure her contract was extra sweetheart if and when.Typical democrat who thinks she should do well for doing shit
https://www.otcmarkets.com/stock/ABMC/overview
Hate to use this quote being from Obozo,but.Change we can believe in, must come and this structure can recover huge
John is the man>>
Filer has recently come to believe that the issuer’s management’s interests are not aligned with the shareholders and that the issuer would be better served by modifying management. The issuer currently has one individual, Melissa A. Waterhouse, who serves as its Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer, and, to Filer’s knowledge, Chief Compliance Officer and EVP of Regulatory Affairs. This individual has served in some or all of these capacities since October 2013. This individual does not own, and to Filer’s knowledge has not owned any shares of issuer’s stock during at least the preceding nine years. The issuer is undercapitalized and during the past seven years annual sales at the issuer have decreased from approximately $7.3 million to approximately $4.1 million, while net worth declined from $970,000 to approximately negative $1.3 million.
The Filer intends to have conversations or communications with issuer’s management, members of its board of directors and other shareholders to discuss the Filer’s thoughts and ideas. The Filer believes that the issuer’s shareholders would be better served if the issuer: (a) reduces Ms. Waterhouse’s duties to a more manageable level by supplementing management with a more experienced executive, (b) replaces Ms. Waterhouse with an individual to serve as the issuer’s Chief Financial Officer, (c) increases the size of the issuer’s board of directors and fill such positions with industry experienced individuals who hopefully will own or acquire shares of issuer’s common stock and have interests better aligned with the issuer’s shareholders and (d) secures additional, long term capital in order to provide the issuer with a better opportunity for long term growth.
This company was a scam and the officers should be investigated for fraud via the money stolen from the BS coin offering they never issued.But if you don't complain that they with intent stole investors money to the SEC and FBI until the cows come home this scam artist scumbags will do it again.This is why I never bought into the coin,just traded this pos
Is Barry the retired eye dr from Florida involved in this one
You know as far as otc and pinks go that they're all shit until they're not.This one has has the same SS for some time and its been being absorbed if you read the chart,so one never knows when breakouts happen
With the right deals coming into a structure like this could be very explosive
Ketamine we used to call "puppy chow". Back then it came in a a bottle and you drank plenty of water with it.So relaxing lol
06 bids are building it would be nice, naa forget the thought lol
Buying another 500,000 today,George has control and is moving forward here the rest is opinion and we all know what opinions are like.
Yes,there was a famous tea house called Miss Browns,now its Tedd's shroom boom lol.She served mushroom tea and ganja cake,when you walked in there were literally 1000's of pictures and signatures all over the walls from people who visited.I've been to Jamaica over 20 times so i know the country well.
Would not be surprised to see a late day breakout,she likes to run into close as evidenced in prior moves.
This company's stock is on the safe list,today all CE stocks are done no buying only liquidations.Can you imagine what its like loading a pos ticker yesterday knowing that or not knowing that starting today its no buying only selling?How stupid is that?
"We continuously make efforts to control operational expenses to ensure they are in line with sales". This is like Biden about the border>>You paid Cherokee $140k in fee's that were added on to the principal that is now like $1.3 million dollars because you didn't do what you said above.You should have learned from Mike the My pillow dude,rather then pedo Joe and his crack smoking pedo son lol
Melissa excuses are like assholes and you are a failure just like your favorite president.Whatever happened to those south American sales Ms ceo?
Duh!!!Operating expenses increased $153,000 in the First Quarter 2021 compared to the First Quarter 2020. This increase was solely in general and administrative and was due to increased fees associated with debt and accounting fees for the 2020 audit. We continuously make efforts to control operational expenses to ensure they are in line with sales. We have consolidated job responsibilities in certain areas of the Company as a result of employee retirement and other departures resulting in personnel reductions.
lol Cantone Research, Inc. earned a 3% fee on the extended principal of $900,000 (or $27,000) for their services related to securing the extension with Cherokee investors
Had this company and its Ceo produced during the pandemic so they could have raised capital like all public company's do the financial obligations they have would have been satisfied.But Melissa was to worried about the Sec thinking they were profiting even though they filed late to dole out cheap options lol.The best was thanking Joe Biden in her first press release of the pandemic in which they failed miserably to deliver just like he's doing and will be doing for the next 3.5 yrs,hopefully Melissa is gone before Biden I'm sure I'll be.
In addition to the negative sales impact from the customer side, we continue to experience delays in materials from vendors due to decreased production levels resulting from stay at home orders and reduced workforce numbers. While our staff continued to work due to the essential nature of our manufacturing, delays in materials resulted in customer backorders for specific products that required the materials in question.
That is good and I hope they can
Melissa this is your make or break the company year.You've had years and no problem paying penalties to all of your obligations for not satisfying terms when agreed,but you have a huge problem growing sales.Even Stevie Wonder could see there's a problem.Either you're going to drive this company into BK this year or you have a rabbit up your sleeve.Sadly I will say raising the AS to 75 million and not more was the only positive I can find.Most pink sheets would have blown the AS up and the OS out and so a raise to 150 or 250 million would have made this a sub
At March 31, 2021, the balance on the Crestmark LOC was $245,000 and as of December 31, 2020, the balance on the Crestmark LOC was $277,000.
Prior to the amendment on June 22, 2020, the Crestmark LOC contained a minimum Tangible Net Worth (“TNW”) covenant (previously defined in other periodic reports). With the exception of the quarter ended June 30, 2019, the Company did not historically comply with the TNW covenant and Crestmark previously provided a number of waivers (for which the Company was charged $5,000 each). The TNW covenant was removed effective with the quarter ended June 30, 2020.
In the event of a default of the LSA, which includes but is not limited to, failure of the Company to make any payment when due, Crestmark is permitted to charge an Extra Rate. The Extra Rate is the Company’s then current interest rate plus 12.75% per annum.
Interest on the Crestmark LOC is at a variable rate based on the Prime Rate plus 3% with a floor of 5.25%. As of March 31, 2021 and as of the date of this report, the interest only rate on the Crestmark LOC is 6.25%. As of the date of this report, with all fees considered (the interest rate + an Annual Loan Fee of $7,500 + a monthly maintenance fee of 0.30% of the actual average monthly balance from the prior month), the interest rate on the Crestmark LOC is 12.03%.
The Company recognized $12,000 in interest expense in the First Quarter 2021 and $9,000 in interest expense in the First Quarter 2020 related to the Crestmark LOC. Given the nature of the administration of the Crestmark LOC, at March 31, 2021, the Company had $0 in accrued interest expense related to the Crestmark LOC, and there is $0 in additional availability under the Crestmark LOC.
November 2020 Shareholder Note: 6 month term loan at 7% interest (Prime + 3.75%) with the first interest only payment being made on February 4, 2021 and the final interest and $50,000 principal due on May 4, 2021. Loan was extended on May 4, 2021 (See Note H – Subsequent Event)
Term Loan with Cherokee Financial, LLC: 1 year note at an annual fixed interest rate of 18% paid quarterly in arrears with first interest payment being made on May 15, 2019 and a balloon payment being due on February 15, 2020. Loan was extended in February 2020, until February 15, 2021, under the same terms and conditions. A penalty of $20,000 was added to the loan principal on February 15, 2020 in connection with the extension of the loan. Loan was further extended in February 2021 to February 15, 2022. Another penalty of $20,000 was added to the loan principal on February 15, 2021 in connection with the additional extension of the loan.
Loan and Security Agreement with Cherokee Financial, LLC: 5 year note executed on February 15, 2015, at a fixed annual interest rate of 8% plus a 1% annual oversight fee, interest only and oversight fee paid quarterly with first payment being made on May 15, 2015, annual principal reduction payment of $75,000 due each year beginning on February 15, 2016, with a final balloon payment being due on February 15, 2020. Loan was extended for one year (until February 15, 2021) on February 15, 2020 under the same terms and conditions as original loan. Loan was further extended in February 2021 to February 15, 2022.A penalty of $100,000 was added to the loan principal and the annual interest rate was increased to 10% on February 15, 2021 in connection with the extension. Loan is collateralized by a first security interest in building, land and property.
November 2020 Shareholder Note: with Chaim Davis; no terms, note was paid on February 24, 2021 with proceeds from Lincoln Park financing.