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REMOVED FROM OTCQB. PINK SHEETS. NOT REPORTING FINS.
Why don't I believe them, huh?
They said the subsidiary would sell hemp product in September 2014. Said they have orders lined up in a PR. FALSE. No orders. Nothing for sale until August 2015 and this is after repeatedly promising July after all.
Last years 300% gains were offset by huge costs and notes. They went from a positive EPS to a negative. Some growth.
Promised updates on fish food. Nope.
Promised updates on STEVIA harvest. Nope.
Blew through 6/29 filing due date, through 7/15 extension date, and through 7/29 written warning/removal from OTCQB and tell us "bc too much revenue to count." LMAO!
Weird talk about splitting the company in 2 pieces last filing after they dropped a "we tripled the AS" nuke in January.
New notes this spring and at least 3,000,000 more shares diluted last 30 days.
Pinks. Record low PPS. Totally trustworthy. Get above .05 I'll be impressed and sit back and watch the dump. Dead cat bounce and selling if your holding is the play IMO.
You actually believe that? Making too much revenue it's too complex to add it up by the same deadline every other public company knows is coming and meets? I call this a poor cover at best. ROTFL. No one is selling were all undunderwater buy at .08 sell at .04 or wait for a bump as red flags keep popping up what a choice!
More misdirection or inability to follow through. In 2014s 10k (and subsequent PRs) they stated the Real Hemp website would be online in September of 2014. They stated selling would be on the website and on Amazon. They stated they were already confirming orders. Reality is the website was launched in August of 2015. They are selling on their website only. They never confirmed any orders.
Of course,they refuse to let investors see any financials to the absurd point STEV has been delisted and is now on the Pink Sheets. Oh no big deal no explanation or reason why fins due in June can't be filed by August. No explanation to shareholders at all as to how they were unable to not meet the deadline, extension, or warning period and got dropped 2 tiers. Just don't worry they say they'll file in August bid with confidence. Disgusting lack of credibility IMO.
Launched in Sept 2014. Coming soon must be a relative term they have been online almost 11 months and had 0 products available but yeah "coming soon"! Hope the fins are "coming soon" they were due in June and tomorrow is August! You know to uplist to any exchange you must be current yes? So as they are delinquent there is no uplist anywhere until they file the required paperwork. It makes zero sense in any way to go delinquent it's not for strategy or uplisting in fact they have made that goal harder. Really think the simple answer is the right one here and that's mismanagement IMO.
They CAN but at discretion of OTCQB. No guarantees. This is why it's important to hit the nt-10k deadline of 7/15 and never be served written notice. Now they are delisted and 16 days into the written warning period and the OTCQB has discretion to readmit it isn't automatic. See 30 day curing period sticky:
"OTC Markets Group may remove the Company’s securities from trading on the OTCQB marketplace for the Company’s failure to meet the requirements set forth in Section 2 of these OTCQB Standards or any other obligations under these OTCQB Standards, which determination shall be made by OTC Markets Group in its sole and absolute discretion, unless such failure is cured within 30 calendar days after OTC Markets Group gives the Company notice of such failure.*** OTC Markets Group may, in its sole and absolute discretion, provide additional time to cure.
In the event the Company regains compliance with requirements under Section 2 of these OTCQB Standards, OTC Markets Group may, in its sole and absolute discretion, readmit the Company to the OTCQB marketplace under the following conditions:"
Been playing OTC stocks a good little while tell me the last time a reporting company blew through regular deadline, extension deadline, and written warning deadline, get delisted, and have it work out for the company and shareholders??? Never seen it! It isn't a viable strategy IMO which is why nobody does it. Oh yeah, don't worry the fins and coming stop being an alarmist etc how many red flags do you need at best they got some explaining to do!
Delinquent. REMOVED from OTCQB to PINK SHEETS
http://www.otcmarkets.com/stock/STEV/quote
Better be today or hello pink sheets cutting it close about 8 hrs left according to my calendar.
This notification is to remind you that under Section 2.2(1)(d) of the OTCQB Standards (the 'Standards'), your Annual Report for the fiscal year ended Mar 31, 2015 was due on Jun 29, 2015. Under Section 4.1 of the Standards, Stevia Corp. has received a 30 day cure period, or until Jul 29, 2015, to post this report through EDGAR to maintain eligibility for the OTCQB marketplace. If the company does not post the report by Jul 29, 2015, Stevia Corp.'s OTCQB securities will be downgraded to the OTC Pink marketplace.
10K Predictions
1. File Wed after hours just before OTCQB drop dead date
2. Shows good revenue growth maybe 9-10 Million total
3. Shows new notes and high costs offsetting revenue gains
4. News of new bulk hemp site BudgetHemp.com and (finally) launch of retail hemp site RealHemp.com provide two short term positives to offset costs/notes.
Only hope the hemp sites are revenue producers I have my doubts but hoping and wanting to be wrong. By this I mean they are basically middlemen and dropshipping and having SIP* package retail goods other companies grow in Canada and IMO they need to grow themaelves eventually but I guess that requires US law changes so good luck with that! Ultimately IMO the STEVIA side should be doing the heavy lifting as that is what they grow/harvest/sell/utilize but we hear nothing about fish food, seafood, bulk sales, or anything STEVIA. And way to launch a site and not PR it...
Awesome about 3 million new shares and still no fins. Now STEV opens on Jul 27 with 2 days left on the calender before being dropped to pinks and at .0404. Oooooooooof so mad at myself for holding this bag too long. Looking like a write off here IMO I need this thing to double and pretty pessimistic!
Maybe tomorrow a Bantu report on SUW* to get us excited for the weekend silence is deafening here much to update on which IMO is why a decision to hold the 10k to release with news (if that's the deal) is silly. Its like the powerful wizard of Oz if he's not smoke and mirrors and the fins are good then the market reacts and more news toward EOM and once again a chance for market to react. Which poster here is the little girl with the Ruby slippers I see plenty of Scarecrows :)
Tribal Newswire:
"Pop click click Stevia Corporation click pop bonk delivery system pop whir click rectum pop pop click patent."
Factually incorrect again. They filed an nt-10k giving them to July 14 to file and remain current and they missed it. Every company on the OTCQB is automatically granted a 30 day cure period under rule 4.1. so STEV didn't file anything the OTCQB informed them they are late and must file by July 29 or they will be booted. How many companies get that notice? Why is STEV getting it? Strategy? Last anything STEV filed was an extension which they missed they filed no report they were given the same hard warning any delinquent company would get. Your not alarmed that they have not filed financials over 3 weeks past due date and were warned by the OTCQB to file and come current by July 29? And on the 23rd they still haven't? Wow. GLTU.
Hope so. Why would anyone WANT thus stock to go to the pink sheets but fact is they are 23 days late and have a hard deadline in 7 days that will be met punitively by the OTC. Never seen another stock miss the nt-10k 15 day extension before so hoping for the best.
Nope you're dead wrong due JUNE 29. Over 3 weeks delinquent. They filed and nt-10k giving them 15 days until July 14 and missed it. They have 7 days left. I hope they comply but uncomfortable to say the least to miss deadlines and be noticed and then another week has gone by!
From another poster here who got this from STEV:
"This notification is to remind you that under Section 2.2(1)(d) of the OTCQB Standards (the 'Standards'), your Annual Report for the fiscal year ended Mar 31, 2015 was due on Jun 29, 2015. Under Section 4.1 of the Standards, Stevia Corp. has received a 30 day cure period, or until Jul 29, 2015, to post this report through EDGAR to maintain eligibility for the OTCQB marketplace. If the company does not post the report by Jul 29, 2015, Stevia Corp.'s OTCQB securities will be downgraded to the OTC Pink marketplace.
The 30 day cure period applies whether or not Stevia Corp. previously filed a Notification of Late Filing related to its Annual Report for the fiscal year endedMar 31, 2015."
I think you misspelled misleading it's spelled a-c-c-u-r-a-t-e. HTH
Fins due 6/29 still not filed. Had until 7/15 under nt-10k and that's no biggie and normal to use the 15 day grace period always have BUT when they missed that deadline they were officially delinquent and noticed this fact by the OTCQB. Been a week since then and still no filings with the hard deadline only 7 days away before STEV is dropped from OTCQB and onto the pink sheets. Have to scratch your head at this point very unusual to say the least and I'm shocked they have been delinquent for a full week and counting. What can be so hard for them to get the numbers straight never seen another company blow past deadlines before and if it does happen you would think they would try to get current immediately? Are the figures SO BAD with huge costs or new notes that they are waiting as long as absolutely possible or is there an issue preventing them from reporting the info at this time? Are they thinking it's better to not report at all I can't think that's the case.
It's possible but doubtful they are 'holding fins back' to coincide with news. Have you EVER seen a company on any exchange OTC or otherwise blow past the 15 day extension they filed for in a nt-10k in order to fall into delinquent status and receive an SEC warning/notice that there OTCQB status will be pulled in 12 days IF they do not come into compliance by reporting? Would this be a wise and sane strategy or is it just more likely that they are having trouble gathering and reporting financials in a timely manner and if that's the case WTF can they manage this company at all? But let's take your hypothesis and apply it for speculations sake and say they are holding it for better timing well I counter that IF the financials were very good they would release them and the market would react positively and then they could release future news in July and again the market would react positively. I believe that IF it is a strategy a) it's a poor one and b) they need to wait for BIG news or a big announcement to offset subpar revenues/costs and/or new notes.
On 7/1 STEV closed at .044
On 6/1 STEV closed at .063
On 5/1 STEV closed at .07
On 4/1 STEV closed at .0825
Note the above trend and the fact July close have ranged between .0375 and .047. You have lost half your money so why give them the benefit here in any way because to me it looks like a duck it walks like a duck and I'm of the opinion were not looking at a unicorn here. I think many here have rose colored glasses based on $1000s handed over on this play and at some point desperation arrives but c'mon man really it's not a viable strategy as no one has ever willingly gone into delinquency with the OTCQB/SEC, ever, for the sake of improving the pps! HTH.
Delinquent and dropping to Pinks 7/29 if not corrected doesn't instill confidence at all. Couldn't make 6/29 No surprise par for the course but then filed nt-10k stating within 15 days and blew through that deadline why? They have been noticed they have 13 days left to comply or will be dropped and something not usual is occurring. Followed STEVs history here and follow many OTC companies and never have I seen a company file for the 15 days under nt-10k and then miss it and receive a notice to comply or lose their listing. Can't really think of reason why the financials are so hard to report that is positive for the company or shareholders.
Not that there have been any red flags before this or anything like diluting from 120M to 206M shares in 12 months or tripling the AS to 750M or discussing splitting the company in two or IR running their traps inappropriately IMO or mismanaging an entire hemp order and subsidiary or wayyyyy "overpromising" in PRs. Seems great here guys but seriously almost impossible to be optimistic and realistic at the same time. Here's Rule 4.1 mentioned. They are delinquent and have been noticed
4 Removal, Withdrawal or Suspension of OTCQB Companies
4.1 Removal of OTCQB Companies for Failure to Meet Requirements
OTC Markets Group may remove the Company’s securities from trading on the OTCQB marketplace for the Company’s failure to meet the requirements set forth in Section 2 of these OTCQB Standards or any other obligations under these OTCQB Standards, which determination shall be made by OTC Markets Group in its sole and absolute discretion, unless such failure is cured within 30 calendar days after OTC Markets Group gives the Company written notice.
"Overpromised" is generous I'd say mismanaged and cost shareholders and the company money. As I stated no issue with rejecting it when it arrived and was unusable but to have done this much leg work and gone out on a limb as far as PRing confirmed orders without any quality control is ridiculous. So they were working with a Chinese partner to acquire goods confirming orders for sale of said goods and PRd they will be filling those orders in October and launched a website and subsidiary to support in in September...and never checked to see if it would be usable? They are located in Asia and were no doubt working with these ppl so yeah I expect a multimillion dollar public company would have done this basic DD such as product or soil testing before putting the company out there. C'mon man this is exactly what the problem is who's running this place and how good at it are they when you factor in the above epic fail and lack of communications etc big surprise at the pps, huh?
PR 7/11/14: www.marketwatch.com/story/stevia-corp-prepares-for-fall-hemp-harvest-2014-07-11
Subsidiary to Set up JV to Apply for Cultivation and Processing License
INDIANAPOLIS, IN, Jul 11, 2014 (Marketwired via COMTEX) -- Stevia Corp. (otcqb:STEV) ("Stevia Corp" or the "Company"), an international farm management company focused on the commercial development of natural products that support a healthy lifestyle, including stevia and hemp and their extracts, is pleased to announce that it is preparing to fulfill commercial orders for hemp products following the upcoming Fall harvest.
Real Hemp LLC, Stevia Corp's wholly owned subsidiary, is confirming orders from US manufactures wanting to purchase hemp products and is preparing to fulfill these orders when the current hemp crop is harvested beginning in October 2014.
While hemp is not approved for commercial growing in the US, we will work with our partners in China to meet the growing demand and develop the technologies that will be needed for efficient post harvest processing in the US once production is approved."
Real Hemp is also in the process of setting up a joint venture company in China to apply for an industrial hemp cultivation and processing license. The license includes commercial extraction of CBD and will enable development of further science and technology in this area.
George Blankenbaker adds, "The laws in China, as in many countries, are very strict regarding the growing and transportation of hemp plant material and the extraction of cannabinoids from hemp. However, our local Chinese partner meets the requirements to apply for a cultivation and processing license and the JV company will be able to obtain the license for commercial production of all parts of the hemp plant including the extraction of CBD and other non-psychoactive cannabinoids."
PAINT THE TAPE! TY to whoever dropped the $90 to close us near even...
[Quote] And, in general, I think you are misinformed.
Yes the company failed to do DD and rejected an entire shipment they were depending on to launch a new subsidiary because it was poor quality and as mentioned this was the proper call to make AT THAT TIME the issue IMO is why DD wasn't done before the delivery to ensure it was usable. So now the company has sat dormant and generated no revs. Thrown away, rejected, couldn't be used, turned away whatever. Semantics. Great job here as reflected in PPS there go yesterday's gains already.
This is true my biggest issue with STEV is the loss of all last years hemp due to using poor quality Chinese Hemp with metal traces in it if I recall right. George made the decision to throw it all away rather than use it which I think is the right call but c'mon man way to run a business by not running soil checks and obtaining bad hemp from the Chinese market and losing TONS of loot. #Cancelledorders.
Its in a 10Q or 10k this was discussed would have to look for link but this is a fact.
Edit to add: So now they are using Canadian so no more issues just "oops! My bad on losing all of last year guys!" Is that strike 1,2 or 3?
STEV has a nickel allergy. Can't hold gains. Bounced off .05 like it would break out in red itchy spots and start gagging and wheezing if it touched it for more than 2 seconds. George needs to get one of those patented CBD delivery systems and load that bad boy full of penicillin or sumthin.
Averaging down hasn't worked lately if you look at the last 3 months. Buying at .05 was a loss just less of one than buying at .08 but I hear you. Investors can either average down or not here but in my shoes throwing more money in here wouldn't be wise if you look at the downtrend. If they can break the trend and hold gains it might look mire promising but that hasn't happened in a loooooooong time. Not fear on my end I just like keeping my money and if possible using it to make more and this has been a great way to lose money so not averaging down is definitely looking good.
100% gain needed just to recover massive losses of the last 2-3 months. Sadly this stock was channel trading between 7-8 cents this spring. Not sure how this happens when we all have known about the subsidiary and online store since they pumped it and launched it in September 2014 so IMO that is currently priced in, and there are ZERO revenues from it bc it hasn't listed anything for sale yet even though launched about 10 months ago. Disturbing talk of splitting the company in two and a lack of execution and communication have over halved this stock and frankly we all need a miracle here to get back to the entry point of just 2 months ago. The only way STEV is a play is if you bought in at .04 or less IMO the mountain is just to high to recover I mean seriously what the heck will they possibly be able to say that anyone would believe and double the pps?
Only deleted because it was a personal attack. Not goading anyone and could not care if you reply or not. Very sane, and as stated concerned about the behavior/acts of IR. Read the regs and discuss, or ignore the rules and my posts and have a nice day. Either way it's over. What happened happened and if you think it doesn't matter and nothing is wrong then by all means keep your money here and even add more. Whatever.
Objectively disagree. Think rules were broken. Reply to all in one post. GLTA.
Might be bad as in the skull&crossbones IMO. All shtick and humor aside I think that info being given to you and no one else is a big no no. Its called "tipping" as he is an insider and informed you of nonpublic info that potentially affects the price and "pumps" investment based on info that can't be found anywhere public. Vague statements such as "there will be updates soon" are OK but when attached to a timeframe like "within 3 days" or "multiple updates in the next 2-3 weeks and they will be good" become a huge issue. This info is confidential to directors and employees like Ken and definitely is material as it influences the pps and trading and especially because now it's on a stock trading forum. Making it known to only certain shareholders and not the public is exactly what "tipping" is. And you thought he was bad at his job before. If you think it's not material because it isn't specific to what the updates are that's not true material is anything that potentially influences investments that's trading 101 from what I remember in the classes I took.
This company is pathetic. Your asking posters to do what the company needs to do and cannot/will not/has not done. Where is IR? Where is our PR and social media team? Turning bagholders into unpaid employees is the plan now? Its all we have left? Desparate times here. Need STEVIA the COMPANY to do the work here for anyone to care IMO.
STEV is either a scam or completely mismanaged. Either way I wrote it off as a loss already but would LOVE to be pleasantly surprised. But even if STEV got HUGE MEGA COLOSSAL SUPER NEWS and went up 50% in one day be at .06! Wayyyyy under where this stock was just 30 days ago so being long here we've all lost and at best might be able to recover lost monies. Honestly if I put down $500 in the OTC and lose $250 I'll live but I'm mad as can be as a matter of principal but a write off will be nice in April anyways so LET IT BURN!
Like there hasn't been a chance to accumulate LMFAO the RSI been under 30 for like a month. Please!
Your facts are WAY off and not at all what I have said my post history is available. In fact you brought this up regarding my history about a month ago so it seems like intentional idiocracy?
STEV Investor Sentiment - Scam? Mismanagement?
Looking for a learning experience? Look no further than STEV! A sampling of what ‘long-term investors’ in STEV have gone through and in some cases continue to endure here in this OTC play. Penny stocks are not for everyone and obviously the biggest lesson here it that you should only risk what you can afford to lose. Lessons are being learned here daily! Here is a taste of a few of the several posts several what it’s really like here after crashing through .04 on 6/23 and well into the .03s and setting multiple 52 week lows day after day with no updates from the company in months!!
Sweetleaf2014 says:
“George is my hero.If you invested here, he better be your hero too. I'm pissed at the stock price. I'm pissed at how slow things are going. I'm pissed I may have been wrong, but blame no one but myself. I just have to turn away and not look until a later date. I find it hard to believe we all invested in vain. I don't believe it. If you do..that's okay. Do what you have to. As for me.I'm holding, but not looking cause it's too painful."
SSCadaver says:
"Sad I bought this at .24 - glad I sold it at .07 while I still had a few hundred bucks. This company seems more like a scam every day. Just my opinion."
"This company isn't made for retail investors. It's made to make two chumps in Indiana millions. It's just a series of pumps so that they can dilute and dump."
CES2002 says:
"Sure, there 'should be' updates but will there be any?"
Ludo2705 says:
"The company is saw as a pump and dump penny stock by lot of people, the management is not able to communicate un a proper way and there are risks of dilutions"
"And again and again, no reaction from this ______ ceo"
ChestNutz says:
"U-G-L-Y $STEV AIN'T GOT NO ALIBI... 3rd straight day with a new 52 week low. Bid sitting the .03s to average down seems the play but need enormous cahones to add more here. Only bottom I'm finding is bottom of my whisky glass!"
Sadly dozens more could have been posted here, these are just ‘a taste of stevia’
Watch and learn how to 'invest' @.08 and lose over half? STEV is down 60% in the last 30 days included this bounce back over .04 so one green AM and your still down 40%+ and you wanna puff out your chest?!?
Pop the Mad Dog and pass the 40 oz bro. Don't go buying the champs just yet.
A BIG pessimist! .03s are printing!
Can't sell at this level when I paid .07-.08. I'm holding a bag so big 'Rubber Killer' won't make it. I'm so far underwater I renamed by hatchback 'Atlantis.' I'm broke as #@$%!!!
U-G-L-Y $STEV AIN'T GOT NO ALIBI...
3rd straight day with a new 52 week low. Bid sitting the .03s to average down seems the play but need enormous cahones to add more here. Only bottom I'm finding is bottom of my whisky glass!