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RXMD I've developed a high enough level of confidence in RXMD to shed my more typical spreadsheet tracking of every single share and related disclosures, as well as Q-Q and YoY financials. So I may be missing something that's real obvious to someone else - if so, please comment.
I just checked the SS (updated and TA-verified as of 3/19/2021) and looked back to a snapshot of the SS as updated/TA-verified on 3/12/2021. I noticed there was an increase over that one-week period of 989,390 RESTRICTED shares. So I looked back as far as my "recent" collection of SS snapshots goes, which is "updated/TA-verified on 7/31/2020." And...
The RESTRICTED shares outstanding has been 76,669,173 shares AT LEAST as far back as 7/31/2021 (not sure how much further back it had remained unchanged).
So... for at least 8 months, the RESTRICTED shares has remained constant. And now just a week ago 989,390 shares were added. The market price was somewhere between .11 and .15 when the shares were issued/recorded by the TA, so let's choose .13 and value the shares at .13 x 989,390 = $128,620.
I have the expectation that this shares issuance is part of the whole deal that we've been waiting so long to see finally come to fruition (e.g. could this be a portion of incentive shares for a CEO's employment agreement, where this first tranche vests immediately, and another tranche each quarter for a 2-yr agreement totaling $1M of incentive shares at today's price - but could be worth $5M or $10M in short time; or... many other possibilities, I suppose).
If we don't see a PR or 8k relating to this prior to the Annual Report next week (unless delayed 10 days or whatever), I'm looking forward to the detail behind this that we'll see in the Subsequent Events of the Report.
RXMD Added 560k shares today, looking forward to a big week ahead to turn my account a deeper shade of green! As much as bitcoin looks poised for a solid continuation of the upward trend, I couldn't help but to move more over here. I think it's some kind of "-itis" - I just keep adding, lol. Thankfully it doesn't feel anything like COVID.
$SING Man, I LOVE the news just out!!
https://www.otcmarkets.com/stock/SINGD/news/SinglePoint-Announces-Effectiveness-of-Reverse-Stock-Split-and-Spin-off-of-1606-Corp?id=295335
SinglePoint Announces Effectiveness of Reverse Stock Split and Spin off of 1606 Corp.
- Creation of two independent companies with 1606 spin-off, including a 1-for-1 dividend share issuance for all shareholders
- Reverse split of 1-for-75 of current common stock
- Continuing to execute on strategy toward listing on a national exchange
PR Newswire
PHOENIX, March 26, 2021
PHOENIX, March 26, 2021 /PRNewswire/ -- SinglePoint Inc. (OTC:SINGD) ("SinglePoint" or the "Company"), a company focused on providing renewable energy solutions and energy-efficient applications to drive better health and living, announced today that the Company has effected a 1-for-75 reverse split of its issued and outstanding shares of common stock. Shares of SinglePoint's common stock will begin trading on a split-adjusted basis under the ticker symbol "SINGD" on the OTC on March 26, 2021 for a period of 20 trading days, after which the ticker symbol will revert to "SING".
SinglePoint Logo (PRNewsfoto/SinglePoint Inc.)
"We are continuing to take deliberate and necessary actions to position the company to be able to attract accretive growth capital from institutional investors and family offices. This is another fundamental step in achieving the joining of listed exchange. An increased price has the opportunity to entice larger pool of potential investors which could lead to increase shareholder value. We are pleased to have successfully completed another segment of our comprehensive financial restructuring, and we would like to thank our investors for their dedication and support they have given us," said SinglePoint President Wil Ralston.
SinglePoint's management focuses on solar and renewable energy applications. The Company will continue to look for accretive acquisitions in an effort to create the first truly national network in the sector. The solar industry is estimated to quadruple by 2030 according to the U.S. Solar Market Insight 2020 Year-in-Review report, released on March 16, 2021 by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. Currently only 4% of the addressable residential homes in the US domestic market have solar with a similar number for small commercial opportunities.
As previously stated in a recent SEIA publication, the forecast shows that by 2030, the equivalent of one in eight American homes will have solar, but we still have a long way to go if we want to reach our goals in the Solar+ Decade. This report makes it clear that smart policies work. The action we take now will determine the pace of our growth and whether we use solar to fuel our economy and meet this climate moment.
Compelling Strategic Rationale
As SinglePoint implemented its strategic growth and diversification plan, its Board of Directors explored opportunities to drive enhanced performance and stockholder value. Following a strategic review of SinglePoint' s growth prospects, customers, financial market considerations and business operations in the current market, the Board concluded that separating SinglePoint's noncore assets would create multiple industry-leading companies, with attributes that best position each company for long-term success, including the following:
Focus: Each company will benefit from a distinct strategic and management focus on its specific growth priorities.
Differentiated Investment Opportunities: Each company will offer differentiated and compelling investment opportunities based on its particular operating and financial model, allowing it to more closely align with its natural investor type.
Optimized Balance Sheet and Capital Allocation Priorities: Each company will have its own capitalization and financing to grow its specific business.
Incremental Stockholder Value: Each company will benefit from the investment community's ability to value its businesses independently and drive incremental stockholder value.
Division of Responsibilities: Each spinoff will have its own management team, which will provide distinct focus to grow the company.
The first spin off from SinglePoint will be 1606 Corp. The company has issued shares on a 1-for-1 issuance upon the spin-off of 1606 Corp., which will become its own entity. No action will be required of stockholders to receive shares of 1606 common stock, which means that shareholders will not be required to pay for the shares of 1606 common stock that you receive in the distribution; and shareholders do not need to surrender or exchange any shares of SinglePoint common stock in order to receive shares of 1606 common stock, or take any other action in connection with the spin-off.
By 2025, Nielsen expects the smokable-hemp market to reach $300 million to $400 million, representing roughly 5% of the potential $6 billion to $7 billion hemp-derived CBD consumer products category.
1606 is focusing on increasing its retail footprint concentrating on regional expansion in addition to continuing to grow its' online presence.
The Company plans to strategically spin off additional assets, such as Shield Saver – a unique Automotive and Data (Blockchain) opportunity originally acquired in 2018, following the same procedural processes. Future intended spin offs will provide shareholders additional value while enabling the companies to continue to grow independently while SinglePoint continues to grow its renewable energy footprint. Upon successful completion of the spin-off, Greg Lambrecht will become CEO of 1606 Corp. Mr. Lambrecht is currently the CEO of SinglePoint and supports all of its businesses. It is planned that Wil Ralston (President) will move to CEO of SinglePoint and the current CFO, Corey Lambrecht, will move to President and the Company will bring in a new CFO.
About SinglePoint Inc.
SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and a healthier life. For more information, visit the Company's website (www.singlepoint.com) and connect on LinkedIn and Twitter.
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential plans and objectives of the Company, anticipated growth and future expansion, are forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
SING@jtcir.com
Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/singlepoint-announces-effectiveness-of-reverse-stock-split-and-spin-off-of-1606-corp-301256795.html
SOURCE SinglePoint Inc.
Agreed, the coming few days will be especially fun, and then the several weeks and months following as milestones and PRs pile on, one after another!
$RXMD It's pretty simple, really. Management has taken a careful and calculated approach to mostly organic growth that was "recently" funded by "relatively" high-quality convertible debt. It's been a slow burn for a couple years to pay off that debt, and you can see from all financial reports, the company has done a phenomenal job of maintaining value for shareholders with very limited dilution. However... most shareholders (in the OTC, of course) have been frustrated with this process because the stock has performed WELL below their expectations over that entire time. But it's simply due to the slow burn of constant - but very limited - dilution, and the resultant price-trade action that occurs during the process.
So the stock has been very much undervalued. But NOW - the good news is, if you were lucky enough to just stumble onto RXMD at this time... the timing couldn't be better. The debt is nearly paid off and is expected to be announced as such in the very near future; latest AUDITED financials are due next week and should confirm what a steal this company/stock is at today's price range; a plan is in place and the company will continue the process for uplisting to a large national exchange following next week's report... and other huge catalysts are in play that would take too much to lay out in this message.
NOW... looks what's been happening in the larger market. Tech investing... then rotation into "Value" recovery stocks, back and forth. Progressive Care / PharmcoRX (RXMD) represents the best of both, as well as a top-notch combination of the two.
Value AND Tech, and the Tech is in a sector with enormous growth potential... AND the company itself is situated with huge growth potential within that "enormous growth potential sector" AND has directed its tech and expertise in areas with incredibly high margins. So just try to imagine what exponential business growth in a sector that is growing exponentially looks like. Think double-digit compounding of double-digit gains in the value of the stock over the next several years. And RXMD is absolutely STACKED with catalysts for upward movement!
Just do some DD on this. Review the press releases and scan the financials. You'll quickly understand what the above comments really mean.
The recent bump up in the share price did not come from any news or event. Nothing from the company. It just moved. And it held well. Think about that, and about what is coming when the cheap dilution shares are confirmed DONE, as well as the other huge milestones upcoming.
SING He's just a typical basher, INSTA. Delete these posts and ban him from the board. Look at the history. He was pumping SING while bashing DCTH on the Delcath board in early January... has now sold SING and is bashing for cheaper shares:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153164892
Lwe6638 Tuesday, 01/07/20 10:49:22 AM
Re: SAMNOTSAMUEL post# 49643
Post # 49644 of 49990
$OWPC Great news, thanks for posting! The growth catalysts are really starting to pile up for One World Pharma. I'm really looking forward to upcoming reports on initial revenue as our launch point.
$OWPC Right, nothing new here, other than 99.9% of those trading OTC stocks are unaware of the company... and someone apparently is beginning to take notice. I've been quietly accumulating a position here for months, and I know there are others doing the same. It's gonna be fun to watch when larger numbers start coming on board. Here's to a fun spring/summer here at One World Pharma investing and traders' world!! :^)
https://www.globenewswire.com/news-release/2021/03/16/2193471/0/en/Emerging-Markets-Report-The-Game-Changer.html
First, a quick primer:
One World Pharma is led by legendary NBA superstar and international businessman Isiah Thomas. Thomas is renowned not just for being one of the greatest basketball players of all time, but for having enormous business successes. His name attached to any deal should turn heads and inspire interest.
OWP is based in Colombia where as Mr. Thomas says, the perfect equatorial growing conditions give it a huge “home court advantage” to harvest the finest cannabis at scale and sell these ingredients at the most competitive pricing.
Notably, one World Pharma has just received important growing approvals in Colombia which “…now unlock access to a vast international market that we’ve been waiting to enter.” The company is truly at a tipping point.
And the game changer is that Thomas just committed to putting THREE MILLION DOLLARS of his own money into the deal.
...
Second, it’s important to note the timing of this commitment by Thomas, as it comes quite some time after he took the big chair as CEO in June of 2020. Now, after nine months of running the business, getting hands on experience, and watching the corporate milestones get hit and growing permissions granted, Thomas has made what can only be described as an enormous financial commitment, betting on himself and the Company.
It’s a game changer in the making.
This is my next "Jushi"!! And here's to getting in at the bottom! Cheers!!!
No, OWPC has nothing to do with that other ticker. Other than similar alphabetic characters in the ticker symbol, not sure why anyone would think there's a connection.
$JUSHF Definitely, Lostcoastkid. The market-rotation sympathetic dip is over. THAT was a nice opportunity for any who felt left behind, I sure enjoyed it. Still... darn cheap, considering how Jushi performs and where this stock is going! I think this was going to run clean through 9s toward double digits just before Wall St began shaking the tree so they could rotate their $Bs into the recovery stocks. And I'll bet the price doesn't dither a whole either, until well into 10s or more.
Okay, back to my "buy all dips and keep accumulating" chant, lol.
$OWPC Good observation, sello. And I love how transparent the company is with the regular/constant updates on OTC Markets. For future reference, I will post a few of the past weeks share structure tables for OWPC. It's helpful sometimes to compare over time for a better understanding.
https://www.otcmarkets.com/stock/OWPC/security
$RXMD Yes, I was thinking along those lines this weekend while refreshing my current status of investments. With the price in this higher range over the past weeks, I wouldn't be too surprised by a surprise business update telling us that certain acquisition funding debt has been paid down substantially earlier than previously anticipated... or something like that. In any case, it's good for investors to think about and understand that there are MANY advantages to a small public company when the stock has recently moved and sustained a higher price range. Those advantages increase VALUE, feeding through directly to stockholders. :^)
$OWPC No, the Form 4 table is simply showing the equivalent shares of the underlying security, which means the number of Common shares that the convertible Series B Preferred share represent... that they can convert to. this is the same as for the first issue for $250k upon closing the $3M stock purchase agreement on 2/8/2021, as well as the subsequent first installment of $250k on 2/22/21.
SING Oh yes, I know, INSTA. Take a look at SIRC as an example. I was buying that at 5, 6, 7 cents. Once it got to 8 cents it shot off to $3 over 2 months. SIRC is a solar and roofing company, growing through M&A same as SING, buying solar and roofing installers currently with just a small handful of subsidiaries. It appears SING has the potential to be MUCH BIGGER than SIRC.
Yeah, I hear ya. But that's just not so. Same was said about ALPS when we were trading at .031 and here we are more than 300% higher and getting ready to break out for a continuation of the run up.
I was not the only one adding quietly to my position back then while the trash talk was going around, and I'm not the only one adding now at this new .13 bottom. Many are actually "in the know" about why ALPS is here. Those without a clue can sell anytime they want.
SING Adding 500k
$RXMD That's right, and he's there for a reason. Every day. Needs to sell a few shares and then will get out of the way. I took another 50k off the ASK, who's next? Get 'em while they're cheap, I always say.
Take care of yourself and family FIRST, INSTA! Get well. Anything/everything else comes after. Even helping others or whatever, can't do it, not sustainable if you haven't taken care of yourself. (just like America First, imo)
$ALPP Haha, look at Level 2 -
Bid 4.60
Ask 4.20
Previous Close: 3.94
And trades are going off pre-market at 4.60 and 4.65.
Hmmm
$JUSHF Definitely fun to read, thanks for posting! SUBSTANTIALLY UNDERVALUED! CONFIRMED once again!
Could take off like a rocket at any time. And I firmly believe, as I've mentioned several times here over the past year+, this dip won't last. Buy and hold, $20 range is only the first near-term PT, we're seeing the company teeing up for a longer drive and I'm thinking a phenomenal hole in 1! They have never missed a beat, and they're only honing their cannabis markets business development/growth expertise. When I close my eyes, I think more about $60-$70 numbers for a buyout sometime next year.
https://www.fool.com/investing/2021/03/07/3-cannabis-stocks-poised-to-skyrocket-in-2021/
From the referenced article:
Jushi Holdings (OTC:JUSHF) was the biggest winner of these three U.S. cannabis stocks in 2020 with a sizzling gain of 325%. So far this year, shares are only up around 6%. But don't rule out the possibility that Jushi will again deliver a triple-digit return by the end of 2021.
The company continues to build its presence in the four states where it already has operations. Jushi recently opened its fourth retail store in Illinois, bringing its total nationwide count to 16 stores. It's also acquiring an operational retail cannabis store in California and buying another retail license holder in the state.
Jushi's valuation looks downright cheap compared to most other cannabis stocks. Its shares trade at around 11.5 times sales, below nearly all of its peers. And its impressive growth (67% higher revenue in the third quarter compared to the previous quarter) makes that valuation seem even more attractive.
Marijuana legalization in additional states opens up more growth opportunities for Jushi. And should major cannabis reform be enacted at the federal level in the U.S., Jushi -- along with Cresco Labs and Green Thumb -- should really take off.
RXMD 1M in 10s, 300k @ .11 at the start of the rally and the rest high 11s and 12s.
Yeah, I think with as many of us that we know holding millions or even 10M+ shares - it's a good setup for the longs. Gonna be a month to remember and many more after that, to forget (to forget the patience and fortitude that it took to get here).
RXMD Added 1.6M+ today. You got your .12+ close! We're in a good place for those who will be clamoring for shares.
$JUSHF Exactly! I've been saying it all along - buy JUSHF dips. This dip is one helluva gift to all longs who want to keep building, and any who may be light on shares. I added again today as always.
Huge news, and just it's just the beginning. Monster % revenue increase latest quarter, plus fantastic growth projection looking forward. In for the long haul now!
$BBRW Awesome news today!!
You've got a sharp eye and an elephantine memory, stockforce, Thanks for the nugget!
$ALPP Patiently waiting for the NASDAQ listing. Tweet and link today - for those new or hanging on the old twitter account name.
https://twitter.com/alpine4holdings
Alpine 4 Holdings, Inc.
@alpine4holdings
9h
$ALPP Shareholders...to be clear, the name change and Independent BOD were included in our original application. These things have no bearing on the current application process and it is under normal review. We patiently wait on the NASDAQ to complete their work.
$BBRW I can read pretty well on my own and, the way I see it, we've got a strategic partnership between the two Brewbilt companies that is - for now - worth $125M in revenue.
I note "for now" because that's how business works. Deliver and do well on the first contract, and it's likely there will be more in the pipeline as the operation develops.
I suppose this partnership being valued at $125M for now isn't too bad for starters, lol.
$RXMD Thanks for posting, stockforce! Great info, I appreciate everything you've done and shared. It's looking very good for the next several weeks and continuing in the coming months to show results of years of diligent effort from management. I've enjoyed every year of this ride, and looking forward to many more!
You know nothing that you say. There is no way RXMD is riding a reddit wave. This is purely a correction at this point, toward a fair market value. RXMD is only starting and still has a long way to go, especially considering the S-1 and uplist that are in progress. Anyone out there wanting shares - including yourself - that may have failed to buy at a lower price is free to slap the ask at any time.
RXMD We MAY have an institutional buyer taking a load of sub-.20 shares today. Maybe wanting to get ahead of the bigger moves we all know are coming. Pretty interesting buy persistence by CDEL going on. Gotta luv it.
That's right. And it's just very thin. I know from what I'm holding and a handful of others that the float is pretty well soaked up. No one wants to sell, and it's getting much harder to accumulate a decent position without simple slapping the ask and taking what you want before further movement.
I should know, I've added millions of shares at higher and higher prices over the past weeks, simply because I didn't buy enough when they were dangled out there at lower prices. Bought a lot yesterday and more today. ASCM has been doing a good job of making the market today, but never gives up much before moving to higher prices.
RXMD Yes, that's right! Brilliant point made there, INSTA!
I think a lot of folks are going to begin realizing very soon just how much of an entrepreneur and visionary Armen really is. He's had to do a lot of the hard slogging work that comes with a public company - more than Musk, obviously, because Progressive Care couldn't possibly have the resources Musk employed with his PayPal profits and silicon valley network, etc. - but he has shown that he is very much a forward-thinking entrepreneur with a real vision in the world of health care from the pharmaceutical treatment perspective. And it's (his vision and entrepreneurship) really going to begin shining much more brightly with every month forward, now.
I've just been very happy for years that I found RXMD at the time that I did back in 2015. So has my wallet, lol.
RXMD That's right, very true statement. But for all intents and purposes, they both effectively started the businesses that turned into what they are today. Tesla never would have been what it has become if Musk didn't turn it into something different that it was. Same for Armen and Progressive Care. I think this truth character has given up on his soft bash topic for now.
Ummm, I don't get the sense in your comment here. Armen STARTED Progressive Care, he is THE biggest factor in DEVELOPING the business, and he's obviously GROWING the existing business... in a BIG way.