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OIL DROP. DAL UP
But they dont have revenue yet. Overvalued trap here.
overvalued.
yeah, I think 91 is the bottom short term. Im buying some here though, Its got a good support around here. Maybe 90-95 most likely
I would never invest in a company that's non transparent like this. Cant they make a regular 10-q filing. Looks like idiots running the company and the filings. Wfmc is a mess. staying far away
GILD has a strong valuation for a biotech. 10x free flow cash foward estimate. only 18 p/e with strong revenue growth. If they post same eps and revenue last quarter it should be a increase in the valuation.
Looks good at $100. Im buying here
A couple weeks later its crashed. Knew it
I guess the market thought it was bogus because the moment the news hit the stock crashed. It bought back up but finished down on the day.
Damn their stacking cash.
small buy's from insiders recently.
still running today.
Gpro below 76
Dear Shareholders:
The enclosed Information Statement is being furnished to the holders of record of shares of the common stock of Aja Cannafacturing, Inc., a Nevada corporation (the “Company”), in connection with our prior receipt of approval by written consent in lieu of a special meeting, of the holder of a majority of our voting securities of an amendment to our Articles of Incorporation (the “Amendment”) to increase the number of authorized shares of common stock from 490,000,000 to 3,000,000,000.
OUCH .0001
Why do i need to find you a company that small?
Like I said they lost 13 million dollars and have a -17000% operating margin for the year. More dilution is coming and debt. Just look for yourself. They can raise the A/S and O/S. they can reverse split. Yes all that can happen.
The ceo bought at .03 cents and lost it all basically. Good job. Is he capable of running a company when he does that? He knew dilution was coming. from 8 to 29. what a fail ceo.
How much have they lost by now buying at .03?
13 million dollar operating loss for the year and the ceo's are buying the stock ahead of that. Smart play.
well this is why your market cap is so low, this company is horrible.
During the six months ended September 30, 2014, the Company issued warrants in connection with stock purchase agreements granting the
debt holders the right to purchase 6,755,001 common stock shares equal at the exercise price of $0.01 per share.
Oustanding shares went from 8 million to 29. Diluton is coming because they already lost 9 million this year and have no way pay. Im staying away, there is a reason this has a small market cap.
Thats the difference
I dont think he would. I wouldnt either. That 10q is awful bad. shares issued, diluted stock, 9000 in revenue for 400k loss. It just gets worse for this company. Saturated market with knocks off selling for a third of the price. Probably the same company who they bought from is selling cheaper themselves. Arts and crafts? LOL
This is a good speculative play. 3 trillion in assets and the 5th amendment.
"nor shall private property be taken for public use, without just compensation"
Ackman still has a has a open case. I guess everyone forgot about the important one when he withdrew the other case
http://www.reuters.com/article/2014/08/16/us-fanniemae-freddymac-pershing-lawsuit-idUSKBN0GG01520140816
yep. .0001.
Looks like its hiting .0001.
Overvalued stock here. 10x revenue and high p/e if one at all.
Typical company.
Diluting from 465 million to 708 million.
Losing 1.4 million in cash and revenue. where do i sign up?
Crazy dilution, stay away. No revenue and 500k loss every quarter
Thats funny because I would love to see a start up get 250 people per day, let alone 500 at a average of $30.
At 250 guests per day and 30$ a meal, thats 2.5 million dollars LOL. The average start up does 900k in revenue and gets 5% net gain.
Thats $125,000 profit even if you hit that number. With the fancy looking pictures and a broken looking website filled with errors. im staying far away.
If anything you will see them grow and have plenty of time to get in. Who would eat that anyway?
its going to the moon right? one place to eat that you can order $10 meals going to make us M1LL10NZ BROSKI. give me a break.
all that ask whacking but finished down? scam, staying away
Mlcg is going to dump shares on the market soon. .0001 or reverse split coming.
Did you read my other post? I said 1.8 million loss for the year but 500k net loss for the quarter. They have big debt coming due in april, i would stay away.
look at this coming due. April 1, 2015.
On April 1, 2014 the Company entered into a note agreement whereby the Company is obligated to a note with a principal amount of $600,000 plus prepaid interest of $60,000 and prepaid legal fees of $5,000 for an aggregate amount of $665,000. Additional interest of 8% on the outstanding balance is also incurred. The current holder shall have the right from time to time to convert all or any part of the outstanding and unpaid principal amount of this note into fully paid and non-assessable shares of common stock. The note matures on April 1, 2015 and is convertible, at the note holder’s option, into common shares of the Company after 90 days at the lower of $.0074 or 40% of the average closing price 20 days prior to conversion. The Company is to receive principal from the note of $50,000 per month starting in April 2014 and for 11 months thereafter, for a total of $600,000 of which $300,000 was received during the nine months ended September 30, 2014. In addition, the Company has issued warrants to the note holder which vest in equal amounts, over the 12 month period. The note holder may purchase up to 11,083,333 shares of the Company’s common stock at $0.06 per share per warrant or convert the warrants to common stock on a formula as cashless warrants. Because of the variable conversion option contained in the convertible note and the ratchet provision included in the warrant, the Company recorded derivative liabilities totaling $1,706,747 upon issuance of the note, offset by a discount equal to the face value of the funded portion of the notes, which became convertible during the nine months ended September 30, 2014, or $170,000, and initial derivative expense of $1,536,747. As of September 30, 2014, the derivative liabilities were adjusted to fair value of $615,552, resulting in derivative income of $1,091,196. The fair value of the derivatives was determined using Monte Carlo simulations and modified Black Scholes Models, and assumptions as follows: volatility - 302.1%. Risk Free Rate - 0.88% to 0.91%, Term – 0.75 yrs to 2.75 Years; Dividend Rate – 0.0%.
COMPANY ISSUING SHARES
On July 2, 2014 the Company issued a convertible promissory note in the principal amount of $40,000. The note bears interest at the rate of 8% per annum and matures July 2, 2015. The note is convertible into shares of the Company’s common stock after 180 days at 50% of the average of the lowest 2 trading prices during the 10 trading days immediately preceding the conversion date. The embedded conversion feature is required to be recorded as a derivative liability adjusted to fair value at each reporting date. The Company recorded an initial derivative liability of $43,200 debt discount of $40,000 and derivative expense of $3,200. The debt discount of $40,000 is being amortized into interest expense over the term of the note. Amortization for the nine months ended September 30, 2014, totaled $10,000 and the carrying value of the note as of September 30, 2014, is $10,000, net of unamortized discount of $30,000.
On July 2, 2014 the Company issued a convertible promissory note in the principal amount of $50,000. The note bears interest at the rate of 8% per annum and matures July 2, 2015. The note is convertible into shares of the Company’s common stock at 50% of the lowest trading price during the 20 trading days immediately preceding the conversion date. The embedded conversion feature is required to be recorded as a derivative liability adjusted to fair value at each reporting date. The Company recorded an initial derivative liability of $54,000, debt discount of $50,000 and derivative expense of $4,000. The debt discount of $50,000 is being amortized into interest expense over the term of the note. Amortization for the nine months ended September 30, 2014, totaled $12,500 and the carrying value of the note as of September 30, 2014, is $12,500, net of unamortized discount of $37,500.
On January 3, 2014 the Company issued 1,000,000 shares of common stock to one individual for $5,000 in cash.
On January 9, 2014 the Company issued 1,000,000 shares of common stock for $5,000 in cash.
On January 14, 2014 the Company issued 300,000 shares of common stock to one individual with a fair value based on recent stock sales, of $11,370 for services rendered.
On January 28, 2014 the Company issued 393,446 shares of common stock for the conversion of $2,558 of convertible debt and accrued interest.
On February 4, 2014 the Company issued 394,057 shares of common stock for the conversion of $2,561 of convertible debt and accrued interest.
On February 6, 2014 the Company issued 200,000 shares of common stock to one entity for services to be rendered over six months. The fair value of $8,000 was recorded as deferred stock compensation to be amortized to expense over the six month period, resulting in expenses of $8,000 for the nine months ended September 30, 2014.
On February 7, 2014 the Company issued 1,000,000 shares of common stock to one individual for $5,000 in cash.
On March 3, 2014 the Company issued 2,500,000 shares of common stock for the conversion of $2,500 of convertible debt and accrued interest.
On March 7, 2014 the Company issued 1,000,000 shares of common stock to one individual for $5,000 in cash
On March 7, 2014 the Company issued 250,000 shares of common stock to one entity for services to be rendered over six months, the fair value of $15,500 based on recent sales, was recorded as deferred stock compensation to be amortized into expense over six months, resulting in expenses of $15,500 for the nine months ended September 30, 2014.
On March 27, 2014 the Company issued 250,000 shares of common stock to one entity for services to be rendered over six months. The fair value of $27,500, based on recent sales, was recorded as deferred stock based compensation to be amortized over six months, resulting in expenses of $27,500 for the nine months ended September 30, 2014.
On April 4, 2014 the Company issued 238,000 shares of common stock valued at $30,702, based on recent stock sales, to an entity for services to be rendered over six months. The fair value was recorded as deferred stock based compensation to be amortized over six months, resulting in expenses of $30,702 for the nine months ended September 30, 2014.
On April 17, 2014 the Company issued 2,000 shares of common stock valued at $258 based on recent stock sales to one entity for legal services.
On April 17, 2014 the Company issued 800,000 shares of common stock valued at $57,120, based on recent stock sales to two directors of the Company.
On April 17, 2014 the Company issued 500,000 shares of common stock valued at $35,700, based on recent stock sales, to one individual appointed to the advisory board. The fair value was recorded as deferred stock based compensation to be amortized over six months, resulting in expenses of $32,725 for the nine months ended September 30, 2014.
On May 5, 2014 the Company issued 1,120,519 shares of commons stock valued at $23,027 for the conversion of $22,000 of convertible debt and $1,027 of accrued interest.
On May 16, 2014 the Company issued 250,000 shares of common stock to one entity for services to be rendered over six months. The fair value of $14,650, based on recent sales, was recorded as deferred stock based compensation to be amortized over six months, resulting in expenses of $10,998 for the nine months ended September 30, 2014.
On May 21, 2014 the Company issued 250,000 shares of common stock to one entity for services to be rendered over six months. The fair value of $11,380, based on recent sales, was recorded as deferred stock based compensation to be amortized over six months, resulting in expenses of $7,727 for the nine months ended September 30, 2014.
On June 4, 2014 the Company issued 200,000 shares of common stock to one entity for services to be rendered over six months. The fair value of $5,780, based on recent sales, was recorded as deferred stock based compensation to be amortized over six months, resulting in expenses of $3,853 for the nine months ended September 30, 2014.
On June 5, 2014 the Company issued 300,000 shares of common stock to one entity for services to be rendered over six months. The fair value of $8,100, based on recent sales, was recorded as deferred stock based compensation to be amortized over six months, resulting in expenses of $5,400 for the nine months ended September 30, 2014.
On June 10, 2014 the Company issued 350,000 shares of common stock to one entity for services to be rendered over three months. The fair value of $5,600, based on recent sales, was recorded as deferred stock based compensation to be amortized over three months, resulting in expenses of $5,600 for the nine months ended September 30, 2014.
On June 27, 2014 the Company issued 500,000 shares of common stock to an individual for services to be rendered over six months. The fair value of $15,000, based on recent sales, was recorded as deferred stock based compensation to be amortized over three months, resulting in expenses of $7,500 for the nine months ended September 30, 2014.
On August 1, 2014 the Company issued 250,000 shares of common stock to one entity for services to be rendered over six months. The fair value of $6,000, based on recent sales, was recorded as deferred stock based compensation to be amortized over six months, resulting in expenses of $2,000 for the nine months ended September 30, 2014.
On September 4, 2014 the Company issued 717,619 shares of common stock to one entity for services to be rendered over six months. The fair value of $12,200, based on recent sales, was recorded as deferred stock based compensation to be amortized over six months, resulting in expenses of $2,033 for the nine months ended September 30, 2014.
On September 19, 2014 the Company issued 350,000 shares of common stock to one entity for services to be rendered over three months. The fair value of $3,150, based on recent sales, was recorded as deferred stock based compensation to be amortized over three months, resulting in expenses of $525 for the nine months ended September 30, 2014.
The Company has issued warrants to purchase 11,083,333 shares of common stock of which 2,833,333 are exercisable as of September 30, 2014. The warrants have an exercise price of $0.06 per share and expire on April 1, 2017 (See Note 3).
On September 30, 2014 the Company amended their Articles of Incorporation increasing the authorized number of shares of common stock to 3,000,000,000.
Looks like dilution is planned.
why? because of this in the 10q as well
Going concern
As reflected in the accompanying financial statements, the Company had a net loss of $1,825,295 and net cash used in operations of $369,197 for the nine months ended September 30, 2014. The Company has total assets of $113,301 and a working capital deficit of $965,529 as of September 30, 2014. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to further implement its business plan, raise additional capital, and generate revenues. Management believes that the actions presently being taken provide the opportunity for the Company to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
wrong. $9000 rvenue, and $417k loss.
how high today? $3?
Bought today average down my price. I think this is a nice speculative play.
First National Corporation's First Bank to Acquire Six Branches
STRASBURG, Va., Nov 19, 2014 (GLOBE NEWSWIRE via COMTEX) -- First National Corporation (the "Company") (OTCQB:FXNC) the holding company for First Bank (the "Bank"), announced today the signing of an agreement under which the Bank will acquire the branch banking operations of six locations in the Shenandoah Valley and central Virginia regions from Bank of America. The acquired branches in the Shenandoah Valley region are located in Woodstock, Elkton, Staunton and Waynesboro, and the acquired branches in the central Virginia region are located in Dillwyn and Farmville. The transaction will add an estimated $308 million of deposits to the balance sheet of First Bank. The Bank expects the purchase to be completed in the second quarter of 2015, following approval by regulators and satisfaction of customary closing conditions. First Bank intends to hire all current employees of the acquired branches and will take great care to assure a smooth customer service transition.
"We are delighted to announce the expansion of our banking franchise into Virginia markets that complement our recent expansion initiatives and that we believe embrace First Bank's philosophy that People Matter," said Scott Harvard, President and CEO. "This transaction provides the opportunity to expand our team with the addition of experienced and talented associates while building scale and efficiencies in an expanded geographic footprint across several contiguous counties. We look forward to serving the needs of our new customers and communities for years to come."
Headquartered in Strasburg, Virginia, First Bank had $519 million in total assets at September 30, 2014 with 10 retail banking offices. During the second quarter of 2014, the Bank expanded to Staunton, Virginia where it opened First Mortgage, a newly formed mortgage division. In the third quarter of 2014, the Bank opened another mortgage and loan production office in Harrisonburg, Virginia.
First Bank was advised in the transaction by Sandler O'Neill Partners, L.P. as financial advisor and Williams Mullen as legal counsel.
About the Company
First National Corporation, headquartered in Strasburg, Virginia, is the bank holding company of First Bank. First Bank currently offers loan, deposit, trust and investment products and services from a total of 12 office locations located throughout the Shenandoah Valley region of Virginia. Banking services are also accessed from the Bank's website, www.fbvirginia.com, and from a network of ATMs located throughout its market area. First Bank also owns First Bank Financial Services, Inc., which invests in entities that provide investment services and title insurance.
Caution about Forward-Looking Statements
Certain information contained in this discussion may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to the Company's future operations and are generally identified by phrases such as "the Company expects," "the Company believes" or words of similar import. Although the Company believes that its expectations with respect to the forward-looking statements are based upon reliable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. For details on factors that could affect expectations, see the risk factors and other cautionary language included in the Company's Annual Report on Form 10-K for the year ended December 31, 2013, and other filings with the Securities and Exchange Commission.
CONTACT: Scott C. Harvard
President and CEO
(540) 465-9121
sharvard@fbvirginia.com
M. Shane Bell
Executive Vice President and CFO
(540) 465-9121
sbell@fbvirginia.com
http://media.globenewswire.com/cache/32278/small/27811.jpg
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAxMDg5OTkjMzIyNzg=
(C) Copyright 2014 GlobeNewswire, Inc. All rights reserved.
-0-
KEYWORD: STRASBURG, Va.
INDUSTRY KEYWORD: Banks
SUBJECT CODE: Mergers and Acquisitions
BANKING
ACQUISITIONS
3,125,000 net income this quarter,11.5ttm. 32 million market cap. Looks pretty good here
Divi announced
On November 14, 2014, the Board of Directors of First National Corporation announced a quarterly dividend of $0.025 per common share, which is payable on December 19, 2014 to shareholders of record as of December 5, 2014.
gpro to hit 78 today