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I'm really surprised by the number of shares on asks this low. Do you guys know what you are giving away? I do and my shares won't be on the ask till over 2c...
The days in the subs are coming to a close soon. I'm glad you've made 20-40% on a few flips, but don't get left behind when this really takes off. With testing revenue from both labs, Cannabisking, and MJpayment revenue this company will be in the black sooner rather than later.
Right, any company that has to use convertible debt is going to have to fight to move past that stage. As pzoo moves from it's infancy to revenue producing, hopefully they continue to pay off their remaining convertible debt and don't need any more.
For any of the new people who have just started watching PZOO, here are a few things to consider before investing.
CO facility is within a couple weeks of testing revenue (my guess is 2-4), NV facility is ready as soon as they have the final pesticide requirements to test for, and Oregon facility is in the final stages of negotiation for the location.
Bottom line is everything is progressing as expected, although a little slower than we would have hoped. Management has delivered on what they promised, but have a lot to continue to deliver on. Here are the primary ones:
1) CO Facility (at some point in August IMO) and additional contracts
2) Q2 Financials- On or before 8/15 or 8/20 with an extension
3) Contracts for Nevada as soon as the pesticide regulation is released
4) Oregon facility progress (negotiation completion, build out, contracts, etc over the next 3-4 months)
Good luck to all and I'm not telling anyone to buy at these prices, but as soon as CO hits or the NV pesticides matter is resolved, sub 1c won't happen again.
I agree with the revenue numbers based on what I've seen elsewhere. What are you basing those calculations on? SQFT of the lab, price per test, etc?
Agreed. PPS is just a perception of value. With shareholder confidence at a recent low, the pps being lower than normal makes perfect sense, but also allows for a significant difference between perception and reality in terms of value.
The reality is that we are sitting on substantial support at and around .005. CO news should start the march up if we get it soon. If not, we could see even lower pps.
I've been quiet for a while because there really hasn't been much to talk about, but with the dog days of summer slowing, I figured I'd look at the board to see what was up. I posted this on the other page- FB, so this may be a repeat for some of you. Here are a few things that I will be looking for either from PZOO or that will impact PZOO over the next 30-60 days (not necessarily in sequential order):
1) CO Lab news- This has been slower than everyone expected due to govt holdups and should be good to go soon.
2) NV Legislation regarding pesticides- This will open the floodgates for MJ testing contracts.
3) Grower contracts for NV and CO. I would bet substantial $ that we have contracts which haven't been released yet
4) Q2 Financials- There has been way too much talk about late financials, making sure they are early will help restore investor confidence.
5) Oregon build-out- Continued news indicating progress and completion some time around the September target.
6) Alternative sources of financing vs convertible debt.
As stated many times before, most of us assumed the summer would be slow (although I was hoping PZOO could push through). There were some unfortunate events that decreased investor confidence, but the bottom line remains that this is currently a half cent stock with 6-10cent potential in the next 6 months if things fall the right way. None of this post was new information, just a synopsis of my thoughts/opinion on the stock. Buy the current fear and sell the insane greed that will come when this explodes up. I am very happy to be buying as many shares as I can afford in this price point and can't wait for the fall.
I respectfully disagree.
There according to convertible debt agreements, there should be no more dilution until at least October. The "dilution" seen last week was primarily large share holders dumping shares. There is huge support and and around the .005 level, so I'm not sure where you get the .003 perspective, but would love to buy more there if it drops to that level.
Yeah, the major variable you aren't considering are large shareholders (not affiliated with the company) dumping substantial shares, which (combined with a dumbass promo) was what happened on Friday to kill the rally and continue to hurt investor confidence
South- I love the enthusiasm, but it kills the credibility of many of us and give people a reason to think this is a pump/dump stock with obvious pushes like the 10 posts in the last hour you've created.
I agree, should the Q come out pre market Monday AM, many people who didn't buy today will be disappointed.
I think the lack of understanding is on your end.
The primary focus for internal and external audit was the 10-K until the day the 10-Q was due. As that was the case, they would have had to complete month end closes and the Q1 financials starting AFTER they were due. The statement regarding them not being late again started with Q2. As I've stated before, I'll pardon their extreme tardiness this time, but Q2 lateness is a different story.
Definitely fair, I've traded the swings a few times and have 3x my initial share count without adding much more capital :)
Very well played.
I'd disagree with you in principle though. You're right that there is no loss of your BASIS, but you could lose the gain (aka free shares). My comment still stands, if I didn't believe firmly in what PZOO is accomplishing, I would be out.
Agreed completely... As long as there is commerce and trade, regulation will follow and PZOO is in the right place to take advantage of that. The CannabisKimg piece of the business is an unknown at this point, but should provide key additional revenue.
Here are IMO the reasons this stock hasn't moved up from 1c:
1) Late 1st Q financials
2) Inability to release PRs due to #1
3) 0 testing revenue to date (both labs- NV and CO- should begin testing in Q3)
4) Pot sector volume usually dies down a bit in the summer due to investor capital going to energy. This will hamper any substantial runs they try to go on until August/September
At the same time, it's held support around 1C with all of those negative factors due to the very substantial potential pps growth expected in the next 6-12 months (some of which will happen far sooner).
I've loaded the boat and am a happy spectator at this point. Now is the time to buy shares before the 10Q comes out. Good luck to all
I'd rather wait on the updates for after the 10Q. It will pack far more punch in the PPS that way.
I think that's pretty optimistic. My hope is 6c by end of year and to sustain 8-10c by the end of the spring.
I hope you're right! An acquisition would put me very close to retirement status by the time I hit 30....
CANL appears to me to be the most applicable competitor and comparison based on the fact that they have 2 labs that are currently testing in the same states that PZOO will be in the next couple months.
I believe there are a couple other competitors as well, but am not familiar. According to PZOO/Steephill there are 40-50 labs currently either testing or being rolled out nationwide in the industry.
I haven't had time to do enough DD on CANL to know whether they have additional revenue streams other than the 2 labs, how large their labs are (# samples tested/day or month), etc) and how this compares.
Does anyone know how much is charged per sample tested or how many samples each of PZOO's facilities will be capable of testing on a daily basis (approximations would be great)?
CANL market cap is 65-70mil, PZOO's is sitting at 6ish without any revenue. CANL is sitting right around $1/share. I'm not telling you that we should be at 10c right now. Just that when revenue numbers start coming through, this stock isn't going to be anywhere close to 1 cent (if it is anywhere in the 1-3cent ballpark by then.
If you're all out, I'd buy in now just in case we see a jump before the post 10Q climb. Within the next few months, we will all be groaning about the extra shares we coulda, shoulda bought around 1c....
Right the focus was on the 10K until after the 10Q was due, so it was expected that it would be late. I didn't expect that it would take this long, but given all of the other developments, I'm not terribly worried about it.
Let's be realistic here... The 10Q isn't really going to have any legitimate revenue and it will still show substantial losses as a result. Most investors are impatiently waiting the 10Q because we know there are multiple PRs that will be released as soon as the company is current.
As someone with an audit background, this is a little bit ridiculous to me. Continuously switching auditors is bad because there is a lot of ramping up that they do from a planning perspective and general client familiarity perspective.
Unless management identifies or strongly suspects incompetence, switching auditors is not in their benefit.
Regarding other posts.... This is something the company recognized and took responsibility for saying that it wouldn't happen again, STARTING with Q2. If it does, then we have a more serious issue. While frustrating for many investors, chalk this up to management being very focused on company growth and doing the right things there. They are highly aware that ignoring regulatory requirements is not going to bode well.
sounds sccccaaaaarrrryyyyy I think I'll buy more shares...
What are you basing the .005 price projection on?
Regarding other posts on here.... PZOO absolutely dropped the ball and laid an egg with the 10Q being so late. I understand they are working hard and they have been exceptionally busy, but you absolutely have to stay on top of regulatory requirements or investors are going to peace out.
Assuming the 10Q is out in the next couple days, no way this goes to .005. With that out of the way, I think we will see a few PRs and a spike with new investors, but I don't think we will test the 2c highs of a couple weeks ago.
With 1 lab open and another that will be open soon, I'd expect indefinitely.
It was 3 weeks ago (May 15th) that it dipped below 1c as part of the consolidation from quadrupling up. This is part of the healthy growth pattern for any stock.
Extremely weak financial situation is subjective.
Even if that were true, no conversion and liquidation could occur while they non compliant (late 10q).
Germans can't come back in until we upgrade the index which would be next Monday assuming we stay over 1c until then.
This all depends on what comes out... If we get the 10Q and a couple PRs, it could definitely surge to 2. Based on the buying support that we've seen over the last couple weeks, I don't think we will see sub 1c unless the MMs decide they are going to take it there. If you are going to get in, some time over the next couple months is the time because by the fall, these pps are going to be a distant memory.
Sorry guys, long week and errant wording was used on my part.
Southgas- It's huge, but unless it actually occurred before the end of March, it would not be included in the 10Q (1st quarter results only) other than in forward looking statements (separate documentation). If anything, I think the issue might be the CO facility red tape, valuation, etc, changes from the 10Q, but that is a complete guess on my part.
You can tell some people till you're blue in the face and they still don't listen... I'd rather not waste my time...
However, just after I posted this, I saw a video with Cunic saying they acquired the remaining 60% of the Vegas facility. There will not be a PR about this until the 10Q or it would be a violation.
This is substantial news because we know the revenue generated in this location will be used to fund immediate expansion (other states, potential second labs in states with a lab, etc).
Thanks for reminding us of the other good news in store. PZOO has opened 1 lab, is very close to opening the second, with a 3rd coming (Oregon) before the end of the year. Sounds pretty good to me!
Deletion proofed the prior post, it is a repeat just in case.
let's keep our expectations reasonable and factually based....
1) No one expected revenue to be reported yet, the LV facility just opened it's doors this week and obtaining grower contracts, as well as them growing the product post legislation, was going to take time. The absolute soonest we will see reported revenue related to testing is the Q2 financials which won't be out for more than a month from now and that would only be from the CO facility (if that becomes operational in the next couple weeks). IMO we should expect Q3 to start seeing good revenue from LV (40% ownership) and when the CO revenue starts to kick in.
2) Yes, the words New Mexico did come out of his mouth, but that is just a Steep hill lab with no ties to PZOO other than that Steephill and PZOO are trying to roll out a national presence and having connections in more states will help the national rapport for both.
3) Based on the videos posted by IG, Steep hill is very excited about their partnership with PZOO both because they will expedite Steephill's ability to develop a national presence and because their management "Does what they say they will do."
4) Let's call this stock what it is. PZOO is a pink-sheet stock, in a rapidly developing market, which happens to have started the ground work to POTENTIALLY emerge as a market leader and important cog in the distribution chain. As many others have stated, the MJ industry is already multi-billion and will only grow (pun intended) from this point.
Bottom line (shifting from fact to opinion here):
People can legitimately downplay the stock for being late on their 10Q (annoys me too) or say that there is no revenue to speak of (yet), but they cannot deny the amount of forward progress PZOO has made in a very short period of time.
For anyone who is on the fence regarding investing in PZOO, there are many more reasons than those I've stated and it is only a matter of time before the shares in the 1-2 cent range are a dream buy-in price (whether that time frame is in the next week or in the next 6months I do not know).
I thought it was 40%? When did this change and that's great!
I like your enthusiasm, but it's not realistic. Dollar land will be with multiple labs, after we see lab profitability over multiple quarters, etc. Maybe in a year or 2 if all goes well.
let's keep our expectations reasonable and factually based....
1) No one expected revenue to be reported yet, the LV facility just opened it's doors this week and obtaining grower contracts, as well as them growing the product post legislation, was going to take time. The absolute soonest we will see reported revenue related to testing is the Q2 financials which won't be out for more than a month from now and that would only be from the CO facility (if that becomes operational in the next couple weeks). IMO we should expect Q3 to start seeing good revenue from LV (40% ownership) and when the CO revenue starts to kick in.
2) Yes, the words New Mexico did come out of his mouth, but that is just a Steep hill lab with no ties to PZOO other than that Steephill and PZOO are trying to roll out a national presence and having connections in more states will help the national rapport for both.
3) Based on the videos posted by IG, Steep hill is very excited about their partnership with PZOO both because they will expedite Steephill's ability to develop a national presence and because their management "Does what they say they will do."
4) Let's call this stock what it is. PZOO is a pink-sheet stock, in a rapidly developing market, which happens to have started the ground work to POTENTIALLY emerge as a market leader and important cog in the distribution chain. As many others have stated, the MJ industry is already multi-billion and will only grow (pun intended) from this point.
Bottom line (shifting from fact to opinion here):
People can bash the stock for being late on their 10Q (annoys me too) or say that there is no revenue to speak of (yet), but they cannot deny the amount of forward progress PZOO has made in a very short period of time.
For anyone who is on the fence regarding investing in PZOO, there are many more reasons than those I've stated and it is only a matter of time before the shares in the 1-2 cent range are a dream buy-in price (whether that time frame is in the next week or in the next 6months I do not know).
yes, the late 10Q is a concern, but I think it's not bothering people as much as it would in traditional cases because we all know it will basically say they have more expenses than rev/cash at this point. the Q2 data will be much more relevant. I think they need to get it out this week to make sure it doesn't negatively impact pps.
So here's the question... Is the A the .0081 established recently or is it some point around .013? If it's the latter, should we expect to have the normal couple days of consolidation, then run to B with financials being out, facility grand opening, and other potential news?
Any B point projections so far?
I don't think it's a bottom as much as it is no sellers are currently willing/able to sell. No 10k by close of business Friday would probably scare some shares out and push it below 1c. Most buyers are sitting and waiting...
I agree with the potential and entirely on lack of PRs/posted financial info, but 20c+ is optimistic any time in the short run.
Volume has dried up due to investors concern over the unavailable 10k and more importantly because the committed longs or debt-based shareholders are either not willing or able to sell at current price points. As soon as teh 10k/10q are filed, most of those issues will dissipate and we will just need a PR or 2 to go on another nice run.
Right, cheap is relative too... These prices will be "cheap" once we are back to trading at 1.2c and above. I'm have a base position and am willing to take the risk that we don't see a 20% decrease in share price (my buy point) before the run.
One of the little talked about things on this board is how fast the 10Q comes out after the 10K and what PRs are released. Those will have everything to do with the potential run (or lack thereof) that we see in the coming weeks.