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Ive been doing it a long time and when there looks like a reversal its just a bounce...unless youre catching the bottoms and selling the tops and using 10s of thousands of $s theres just not enough meat on the bone to make it worth my time
The risk/reward profile has changed considerably here in just the past few days...i shouldve sold at .065 but at the time everything still appeared in tact...not so much now...wait n see
Good luck...ill be back in if i see any material events change my suspicions
Smart people already sold...the price is down 50+% since last week because theres legitimate concern the merger may not go through or there could be significant delays
I was lucky to break even...held for too long though...plenty of opportunities in other arenas to be holding this
Just keep in mind that only 1 in ever 100 penny stocks actually produces...this is by no means dead in the water, its just that the risk of no merger (or timely merger) increased exponentially on those recent filings...take calculated risks in the OTC, dont be ruthless
Not guiding you...i could give 2 sh*ts if you lose money...im here to see what the next move it
06/30/2019 filing just posted on OTC markets website
It didnt mention any thing about APL
Heres the note
(2) New management has decided that no new operations will commence until all outstanding liabilities are addressed.
I was also long for many many months and sold 2 days ago when the revised fins came out along with the new note disclosure...clearly, this issue was unresolved as of date of filing and thats why the attorney wanted the note in there...so even though the financials are as of 6/30, the debt issue was still unresolved as of 2 days ago and sounds to me Aeropon doesnt want to mover forward with merger until debt issue is handled...doesnt mean they wont merge but there could be serious delays and if the delays are too long Aeropon may eventually lose interest or find other suitable partners during that time
Ill chase...unless have you have inside info, the risk is exponentially higher today than what it was yesterday...just my opinion but ill be watching
Clearly i wasnt the only one who didnt like that wording and how it just got slipped in there...until new info emerges the risk just increased exponentially
If that was simply a formality it was a poor taste of wording by management and the fact that was the only thing changed in the filing from the one filed 9/27...if the issue was resolved as of today theres nothing saying they couldnt disclose that as well
Im lucky enough to not have lost $$ here...ill wait and see...
Ill wait to see if it happens now...ill chase but i wont get burned...
I agree with that thought process...unfortunately im out for now...i could miss a HUGE run but ive been burned before
Just tweeted...im not a liar...these f*cks
I have it downloaded on my phone...its not there...ill post to Twitter cause i dont know how to upload here
Just checked...i still have the old copy PDF downloaded on my phone and its not in there...
I checked when they filed and definitely do not recall that...do you have a screenshot? Im pissed...been bullish for months on this...id like some clarity from management
This was not in the last version
"New management has decided that no new operations will commence until all outstanding liabilities are addressed."
Added a new note disclosure...doesnt look good
not exactly sure what I just stumbled across - anyone with any thoughts on this, but look at the language
"OCTOBER 17, 2019 THE FOLLOWING WILL ALL BE LEGAL"
http://www.finditin.space/
Its happening...announcement will be soon...no reason to do filings if deal wasn't being finalized
It was not but just based on previous Qs and my understanding of the legacy business model (basically a broker) they didnt need to carry inventory on their books other than what was in transit at end of quarter...purchased inventory not yet delivered
A large majority of that is ice cream at 20% gross margins (mentioned in previous PR) is $2.5 million..i imagine most of this is finished product that didnt ship before end of Q but was just a couple weeks from delivery...i dont know much about ice cream biz but the lead time cant be too long from manufacturer to distributor to retailer given that the ice cream can get freezer burned and alter the flavor profile
Ice cream revs only $54k this quarter...looks like nost of their initial orders wont hit until next quarterly...nice to see they got out the Q in a very timely manner
Some selling now because OTCQB uplisting news didnt move price and no corporate updates...thats ok though...quarter ends July 31st and financials within 45 days showing more triple digit growth...hopefully lots of cases of ice cream shipped by quarter end and we could be in for a shocker of a quarter
Its important to ask the question why do companies like Big League Foods want to become a part of Verus Foods? Especially, when we had no US food distribution presence before the deal was signed. Why would the owner of BLF want to give up ownership when hes invested so much of his own time/energy/capital to get the product off the ground before a formal launch???
The reason is the access to capital (Garnock) to launch such an endeavor and the expertise and man power necessary to do so
I view Verus Foods at this stage as being more of an investment holding company than a distribution company.
Anshu is basically the shark tank for consumer products and hes only going to take on businesses that will generate real returns for Verus, not just some company with an idea and no product of substance
rinse repeat for the longs here, we just ran up off .012 on 5/31 to .0362 on 6/18...that's a big move in just 12 trading days...just like we did last time when we moved off of .006 and touched .018 before consolidating back around .01
stair steppin to heaven!
Agreed with all points...Garnocks timing is further vindication that the old legacy issues were really hamstringing Anshu's ability to accelerate growth, hence why he waited until the spin off and litigation of such was finalized and the risk made sense.
are all other brokers allowing buys, any not allowing?...fed up with this etrade restriction...too difficult to buy and I phoned in an order, but cannot adjust it online as someone previously mentioned.
I think this settles around .025ish for next few weeks...there will be tremendous buying opportunities maybe as low as .02...I already set my buys and will wait patiently.
Bank financing likely by end of Q3
First sales of ice cream and candy by end of Q3
Anshu said there's tremendous interest in the product with all of the big box store names being interested.
Triple digit growth year over year without Big League Foods
$1 million of capital that wasn't utilized in Q2, will be utilized in Q3 and forward
2 late stage acquisition candidates in negotiations
OTCQB uplist in next couple of weeks
There's so much going on here, no reason to panic sell because no NEW NEWS on a conference call.
Agreed lol Garnock not here because hes excited about shipping beef to the UAE lol
Wal Mart and Costco!! This gonn go YUGE...i dont think we all even realize the significance of the MLB ice cream/candy deal
$1 million capital injection didnt contribute to Q2 earnings growth! WOW
people fearful to hear good news I suppose...I'd welcome a reverse split, tighten up the float even more with the devoted longs here...tighten up supply and increased demand means more price increases...
Dont get me wrong its not easy holding when youre up $40k on an $8k investment...some here up much much more than me...i dont blame those for taking profit but i believe this still has a lot more meat on the bone
Its all in the S1
Just scare tactics lol...each dollar of dilution funds $1 of backlog and creates $1 in revs...ultimately unlocking the gross margin to fund additional backlog...sound dilutive or accretive to you?
Thx didnt realize i could do that...gonna do it now to see if we get another quick dip around .025ish