quarterly filed...no SS change in many years...majority held by insiders...increased revenues...no convertible debt...cyclic mover - folks look at the chart and patents they hold
SKPO's comprehensive list of products (recently updated). They hold a high number of patents incl. for these products:
Skye Chem WD-C (Wax Dispersant - Concentrate)
Wax Dispersant, emulsion breaker, sludge dispersant, viscosity reducer.
Skye Chem AD-C (Asphaltene Dispersant - Concentrate) Ready to Use)
An aqueous proprietary blend of a unique phosphonate and high performance Acrylate Co-polymer. It is used to control the formation of calcium scale and metal oxides in a wide variety of oilfield and industrial formations and applications.
Skye chem WD-RTU
Skye Chem WD-RTU (Wax Dispersant - Ready to Use)
Solvent surfactant combination for the removal of wax deposits from production strings, formations, pipelines, and vessels.
Skye Chem AD-RTU (Asphaltene Dispersant - Ready to Use)
Solvent surfactant combination for the removal or asphaltenic deposits from production strings, formations, pipelines, and vessels.
Skye Chem Sludge Buster
A blend of solvents and surfactants designed to disperse hydrocarbon sludges containing a mix of waxes and asphaltenes.
Skye Chem X-110
High molecular weight crystal modifier and dispersant combination. Excellent for high melting point waxes and wax appearance temperature between 30 - 50 C.
Skye Chem X-112
Polyalkylated phenol - pour point depressant and wax dispersant. Modified to have better cold temperature performance and effective on both microcrystalline wax and intermediate wax appearance temperatures.
Skye Chem X-115
Very high molecular weight inhibitor for waxes with a melting point range above 60C.
Skye Chem X-125
A medium molecular weight copolymer ester based pour point depressant. Designed for pour point ranges between 20 and 35C.
Skye Chem X-126
An oil soluble wax crystal modifier intended to reduce pour points, modify oil viscosity and change the wax appearance temperature (WAT) or wax crudes with WAT in the range of 10 - 25C. (50 - 80F)
Skye Petroleum, Inc. located in Sugar Land, Texas, offers production chemical treatment services to oil companies that battle flow assurance issues relating to paraffin, asphaltene and sludge. The Company also offers a significant line of Drilling and Completion fluids, as well as a concentrated degreaser agent that has performed extremely well against the competition.
The Production Chemistries, which were developed over several years and sold under the Skye Chem name, are unique as they perform powerfully in many different regions. Skye has reported successful results in suspending paraffin, asphaltene and sludge in many of the major oil producing states in the US; such as, Texas (Permian Basin and Eagle Ford Shale Formations), North Dakota and Pennsylvania, in addition to many other locations. Once the paraffin wax has been returned to liquid form, it will remain in that state all the way to the refinery.
Lab testing has also shown the chemistry to be effective against paraffin wax in other parts of the world. Due to these results, Skye is seeking partners to expand internationally into significant oil producing countries. Skye’s chemistries are effective in oil wells, flowlines, storage tanks, pipelines, vessels, railcars, terminals and refineries.
The chemistry was designed to be effective on a wide range of paraffin waxes and to work quickly. Larry Gatlin, a seasoned veteran in oilfield chemistry, stated that the Skye Chem Wax Dispersant (WD-RTU) chemical is the fastest acting paraffin dispersant he has seen, on the widest number of paraffin samples. Skye Petroleum, Inc. is a publicly traded corporation listed on the OTCMarkets “Current Information” Tier.
to 99.9% this is done for good...for a good good synopsis read this:
we all know this business concept will need patience to unfold and reflect in revenues etc. And the CEO is dead serious about keeping the SS preserved, not taking toxic loans, and to only provide updates with substance. So it is kind of disappointing (and stupid) that some folks play the pps with tiny trades. The financials will be posted next.
no more tweets (used to be all the time), no more news (used to be regular)...IMO they dont completely bury the concept at this time, but if offering doesn't work (why would it) a reverse split is the only way for revival - I bet thats the managements plan. What surprises me is that they make no efforsts (via updates, tweets, etc) to stop the pps decline since this is obviously on the way to 0002 or even 0004 (as all tickers in this situation during the current OTC climate
E mail to subscribers (in addition to patent announcement):
8:15?AM (1 hour ago)
Dear Valued Subscriber,
I hope this message finds you in good spirits. At Mushrooms Inc, we are steadfast in our mission to pioneer the next wave of mycology-driven innovations. While the launch of our state-of-the-art lab is imminent, we're in active discussions with potential investors to secure the necessary funding for this pivotal venture. Our comprehensive business plan, which outlines our financial roadmap, detailing month-to-month financial projections over the next four years, is a testament to our vision, business development team efforts, and the tangible value we aim to bring. From the imminent launch of our medical bandage with real-time bacterial detection to the intensive R&D that goes into every product innovation, our lab is the epicenter of what promises to be a transformative journey in mycelium technology. Moreover, it's the hub from which numerous joint ventures and partnerships emanate, reflecting our collaborative spirit and shared vision with industry leaders. As we stand on the cusp of a new era, I wanted to share some exciting news about our most recent milestone. Today, I'm thrilled to share a significant update that marks a new chapter in our journey. Please find our official press release below to delve into the details of our latest patent filing and the transformative strides we're making.
Thank you for your ongoing support of Mushrooms Inc,
So we had a ~50% retreat from the recent peak BUT no crash - that reminds me of many tickers that consolidated while folks were questioning the solidity of the pps at first and that from then on climbed steadily in a stair -stepping manner. Yes, if so there would be a test around the recent high as a major resistance (~15 cents) but if that passes after some grinding then there would be just blue skies.
I would be really surprised if we instead soon see 7 cents again.
well, the SS has not been updated in 4 days...unusual, and I first want to see that not more shares have been added - with this drop and volume it stinks like dilution = who else would want to sell at these prices (eg already more than 50% down than the recent average) but lenders
It can go down some with a few folks still stripping (though not to the previous bottom IMO) BUT this one is for the longer run - in that sense, yes, it could reach dollar pps. Don't forget that right now the overall OTC and market sentiment doesn't support hype-runs/spikes so lets hope to see a real high valuation of Mushrooms Inc. starting early 2024. Takes a while to build up a company with a solid business model, but I wouldn't be surprised to see big biz starting in 2025 and revenues along with it.
well the press release says it all. Its on yahoo finance, on Fidelity, etc. too...should have shown on the OTC site, but will prob. be there tomorrow as well.
I don't know what was handled in a fishy way, BUT the fact is the deal is done with no matter if MESA made legal mistakes.
Sorry Guys: Global Entertainment Holdings and Mesa Garage Doors Rescind Previous Agreement
LOS ANGELES, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Global Entertainment Holdings, Inc.(GBHL) (the "Company" or "Global"), an independent global entertainment content production and OTT streaming distribution company, today announced the recission of the agreement previously executed between the Company and DCE Construction, Inc., d/b/a Mesa Garage Doors (“Mesa”), a Southern California-based leader in home improvement solutions focused on selling, servicing and installing garage and entry doors as well as custom gates.
As previously reported, on February 9, 2023, the Company executed and closed a Share Exchange Agreement by and among DCE Construction, Inc., dba Mesa Garage Doors (“Mesa”), and the Shareholders of Mesa (the “Share Exchange Agreement”) wherein the Company acquired all of the issued and outstanding shares of Mesa in exchange for an aggregate of 3,702,000,0000 shares of common stock of the Company issued to the Shareholders of Mesa, thereby making Mesa a subsidiary of the Company at Closing.
Subsequent to the closing, the former shareholders of Mesa learned of (i) the Company’s failure in 2012 to file certain required Company periodic filings with the Securities and Exchange Commission, and (ii) the Company’s filing of non-compliant Form 15 in 2013. As a result of these compliance failures, Mesa and the Shareholders of Mesa are unable to effectuate any corporate actions through FINRA in the near term, or potentially at all. This includes the name change and symbol change required to be consummated pursuant to terms of the Share Exchange Agreement.
Mesa is highly dependent on the goodwill of its name generated through over 30 years in business, and as a result it was not tenable to operate the business under the name of Global Entertainment Holdings, Inc.(GBHL) Because of this and the failure to satisfy the post-closing obligations under the Share Exchange Agreement, the parties desired to rescind the Share Exchange Agreement and restore the Company, Mesa and the Mesa Shareholders to their respective positions prior to the consummation of the Share Exchange Agreement.
On September 7, 2023, the Shareholders of Mesa and the Company entered into a Rescission Agreement whereby (i) each of the former shareholders of Mesa returned 100% of the 3,702,000,0000 shares of Company common stock to Treasury, and (b) the Company returned to the Shareholders of Mesa, 100% of the shares of Mesa. The Company continues to own and operate its legacy subsidiaries. On September 21, 2023, Dwight Esnard and Michael Layman tendered their resignations from the board of directors and from all officer positions and concurrently appointed Eric Horton as the Company’s sole director and as the Company’s President, Secretary and Treasurer.
MSRM: News, Growth Strategy, Patents, Innovations, Share Structure
Innovations For A Renewable Future - Mushrooms Inc. latest News:
Mushroom Inc. Pipeline - Building Materials & Packaging, Textiles, and Health Care Applications:
For further insight listen to the CEO of Mushroom Inc., Kimberly Carlson, on recent Podcast:
MSRM = This is totally under the Radar and is REAL. Check the SS, they did file a Patent that is coming up, they do have the product and their Mgt Team actually knows what they are doing.
Meet the Team of Mushrooms Inc.:
Unrestricted Shares preserved <10M, Outstanding preserved <50M
Outstanding Shares 39,435,760 09/24/2023
Restricted 32,689,019 09/24/2023
Unrestricted 6,746,741 09/24/2023
Also see recent twitter communication with the CEO:
Innovations For A Renewable Future - Meet the Team of Mushrooms Inc.:
Mushrooms Inc. latest NEWS:
Mushroom Inc.; Building Materials & Packaging, Textiles, and Health Care Applications:
For further insight listen to the CEO of Mushroom Inc., Kimberly Carlson, on recent Podcast: