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GROG is a total sham, we were all fed a bunch of lies and empty promises.
Company has zero assets, and nothing but liabilities.
Is this a class action lawsuit?
Ok just to be clear I like the idea behind this story and hopeful their business model will work out, but I still have significant concerns as everything seems to be riding on their ability to sell and distribute the products. If the product is as good as they claim it should be an easy sell and should be generating revenues since the products have been around for several years. Essentially, they are outsourcing everything which is good for keeping their overhead down but all they really have is a recipe for a couple products they designed/engineered (Agraburst and Agrablast) both of which are patent pending and some distribution agreements.
Grogenisis is out sourcing and no need of a ware house or own equipment. There partner is UAS. Press release from Aug 9th 2016. If you read the CEO interview you will see, they need little money in the bank to complete an order.
I like the approach they are taking. I hope they stay lean and focused. Presently they need only a few decent orders to be profitable.
"CEOCFO: You mentioned that you reduced your burn rate. How do you minimize your operational costs given your global focus?
Mr. Kamolvathin: Our business model is designed to run lean, and we intend to keep it that way as we move forward. We contract with an experienced organic blender to produce AgraBurstPRO under our specifications and provide warehousing and logistical support. We do not have a retail sales force nor an institutional sales force. Our business is based on developing wholesalers, master distributors and distributors and then incentivizing them with a reasonable profit margin. We provide technical support and marketing support to these distributors, but we are structured to minimize the necessary overhead and shorten the path to profitability. We talk a lot about our mission of helping farmers, but it is always with an eye to enhancing shareholder value at the same time. We can only change the face of agriculture by becoming profitable and maintaining a position of long term viability."
Guy_the_Guy, thank you for your reply was very helpful and clarified my concerns. This was in my opinion a poor investment.
What I think investors would like to know is there any Agroburst product in production?
Does the company even have a warehouse and any have any product in inventory?
"If" there was an order to buy, is the product made to order and what is the time frame from order placement to delivery?
Does the company have enough funds to produce the product to fulfill the order or does the buyer have to pay in advance?
Is there any evidence of the company's operations?
I think it's time and would ease my fears to see the company make a video tour of their facility. I suspect this company is still in the development stage and isn't prepared to produce the product in a large scale for distribution. Please prove me wrong...
looks like more sellers on the wall, any takers??
There are no buyers because the company has given no reason to buy. Good story but that's all it is until the company shows results. My guess is we will see .05 before we see .20 IMO smart money is to bet on a different horse.
I hope this to be true but have my doubts and losing faith.
Starting to trade a bit, I suspect the offers are pretty thin. Good times ahead IMO.
Here's to a big year for GROG.
https://www.dropbox.com/s/2otvt50epv1ac0c/Cambodia%20Signing%20Ceremony%20Opening.mp4?dl=0
If you liked it at .30 you're gonna love it at .15!
Any word on this co? little to no volume and what seems to be intentional down ticks. Any thoughts would be appreciated.
If you right button click on the page google translates the page. Long story short the outcome of the meeting looks very positive for the company's development.
I think this conference will have a positive outcome. Whether the stock price increases that will remain to be seen but they way I see it the company is a going concern and their progress will determine the price. Slow and steady for a long term win.
News out today, this conference should be exciting. I expect a lot of new investors to be jumping in.
Friday, September 29 2017 6:00 AM, EST
GroGenesis Inc. to Host Inaugural Global Distributor Conference in
Phnom Penh, Cambodia on Accelerating GDP Growth through
Agriculture
Marketwire "Press Releases"
SIOUX FALLS, SD -- (Marketwired)
-- 09/29/17 --
GroGenesis, Inc. (OTCQB: GROG) (the "company"), a global
sustainable pioneer in AgriTech™ and producer of AgraBurstPRO™, an organic,
non-GMO nano-surfactant and emulsifier for farmers, fertilizer manufacturers
and commercial lawn and turf companies, announced today the Company will
be hosting a two day Global Distributor Conference
in Phnom Penh, Cambodia at the Sofitel Phnom
Penh October 5-6, 2017 .
Richard Kamolvathin, CEO of GroGenesis , will be presenting
"Accelerating GDP Growth through Agriculture" to more than 150 attendees.
Countries with agricultural sectors that make a significant contribution to GDP
have the ability to increase their GDP growth rate by maximizing efficiencies
and encouraging organic farming practices. With the increases in yield, farmers
can earn the discretionary income to have a positive impact on a country's
economy-at-large. AgraBurstPRO™ can become an integral part of farmers'
farming practices to achieve this national goal.
Upon the conclusion of the presentation, an in-depth AgraBurstPRO™ Technical
Information Presentation and Question and Answer Forum will
be conducted to review field testing results on various crops and answer
questions from interested parties on the science of AgraBurstPRO™ and its
application protocols. Country distributors, sub-distributors and prospective
distributors from nine (9) South East Asia countries
( Bangladesh , Cambodia
India , Indonesia ,
aos , Malaysia , Myanmar
, Sri Lanka ,
and Vietnam ), two (2) South American countries
( Colombia and Peru ) and
distributor from Switzerland will be participating in the
forum.
Mr. Richard Kamolvathin, President and CEO/CSO
of GroGenesis , said, "All countries have challenges in increasing
their GDP growth rate. But countries with a large agriculture industry have a
unique opportunity to dramatically accelerate their GDP growth by assisting
their farmers to be good custodians of their soil while, at the same time,
increasing their crop yields with a cost-efficient organic input. Improving the
lives of farmers by introducing a totally safe to handle, non-toxic input that
helps increase the family farmers' income is a core mission
of GroGenesis ."
Kamolvathin added, "We, at GroGenesis , are excited to be
traveling to South East Asia to introduce
AgraBurstPRO™ to our distributors and prospective distributors, media and
government dignitaries. We have worked diligently over the past two years to
perform the appropriate field tests with AgraBurstPRO™ to validate its efficacy,
confirm the recommended protocols and document the increases in yield. We
look forward to sharing this data with our distributor/partners next week."
About AgraBurstPRO™
AgraBurstPRO™ is a proprietary, all-natural, non-GMO agricultural input which
improves the ability of the plant (crops, fruit trees, palms, etc.) to efficiently
access applied nutrients incorporated in fertilizers (and thereby reducing
fertilizer costs), improving drought tolerance and increasing crop yields. By
optimizing the plant's uptake of applied pest and weed controls and fertilizers,
food producers can minimize other input costs, reduce the health risk to
workers and produce healthy food for farmers' families and consumers.
AgraBurstPRO™ is an Organic, Broad Spectrum Nano Surfactant agriculture
input which enhances the ability of the plant to more efficiently use the added
nutrients incorporated in fertilizers resulting in less fertilizer required. The
product improves the natural health of all plants --including crops, trees,
vegetables and grasses--by dramatically stimulating the nutrient and water
uptake in plants. The spray solution is a plant-based extract which is organic,
non-toxic, carcinogen-free, biodegradable and safe for use in all soil conditions.
Its application amplifies the plant's natural capacity to absorb nutrients through
its own foliage while augmenting root development and soil uptake.
AgraBurstPRO™ facilitates the rapid nutrient transport at the cellular level,
resulting in improved photosynthesis and increased absorption of the primary
keys to growth: water, sugars, and minerals. AgraBurstPRO™ is formulated for
organic and non-GMO producers and those food growers seeking to convert to
non-GMO and organic food production.
Investor Database for Future Press Releases and Industry Updates
Interested investors and shareholders are invited to be added to the corporate
e-mail database for corporate press releases and periodic industry updates by
sending an email to info@grogenesis.com .
About GroGenesis, Inc.
Headquartered in the heart of the US Farm Belt, Sioux Falls, South
Dakota -based GroGenesis, Inc. is a sustainable
AgriTech™ services enterprise offering food producers a revolutionary,
proprietary, all-natural, non-GMO nano-surfactant which enhances soil and crop
health and reduces the health risk to farm workers due to its non-toxic
properties. GroGenesis' flagship product, AgraBurstPRO™, is a
non-toxic concentrated solution agricultural input which enhances the ability of
the plant to more efficiently absorb nutrients in fertilizers resulting in lower
fertilizer cosys. The application of AgraBurstPRO™ can begin the process of
improving the health of the soil while minimizing the use of conventional
chemical agricultural inputs. AgraBurstPRO™ also provides turf maintenance
companies servicing homeowners, resorts, parks and golf courses with an
organic input to improve the health and appearance of lawns and landscapes.
For more information, please visit the Company's website at www.GroGenesis.
com .
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve substantial
uncertainties and risks. These forward-looking statements are based upon our
current expectations, estimates and projections and reflect our beliefs and
assumptions based upon information available to us at the date of this release.
We caution readers that forward-looking statements are predictions based on
our current expectations about future events. These forward-looking statements
are not guarantees of future performance and are subject to risks, uncertainties
and assumptions that are difficult to predict. Our actual results, performance or
achievements could differ materially from those expressed or implied by the
forward-looking statements as a result of a number of factors, including but not
limited to, the development of our products, our limited financial resources, our
ability to raise the working capital needed to fund the expansion of our current
and future distribution commitments, our ability to retain key employees, our
competitors' ability to develop better or less expensive alternatives to our
products and the risks and uncertainties discussed under the heading "Risk
Factors" in Item 1 of our Annual Report on Form 10-K for the fiscal year
ended May 31, 2016 , and in our other filings with
the Securities and Exchange Commission . We undertake no
obligation to revise or update any forward-looking statement for any reason.
Contact Information
GroGenesis Investor Relations
(605) 836-3100
info@grogenesis.com
Media and Product Inquiries:
GroGenesis, Inc.
(605) 836-3100
info@GroGenesis.com
Source: GroGenesis, Inc.
Saw the volume so I did 2 min of research. EPS -.067 tons of debt and very little income shouldn't this be sub penny? Was there a promo to get it to .24? Interesting product though and at least its QB. With it being down 41% worth a punt between .05 - .07?
Opinions welcome.
clear sailing now into the teens
If you liked it at .12 you'll love it at 0.075!
I think it's a good time to get back in for those sitting on the sidelines.
between .06-.08 range, little risk with good upside potential. Just my opinion.
Stock moving down again, not enough support. I guess let it drift and pick up cheap as possible
Same here
no way to know that but if you want post a .10 bid for 200k and see if they'll hit you... I really don't think this is the end of their order.
Well I sold out my .06 stock at .12 so it was a win, but unfortunately I started in this deal way too early (catching fridges) so I'm still down over all in this name, but not too much now. Win some lose some right... Thankfully this was the only bad I had on the books. Will be looking to get back in as I think it there is still a chance for a bounce, just re-positioning.
Only reasons to show your hand like that is to knock it down, shake the tree or set up a cross which isn't happening. I'm sitting back and watching for now.
Heavy offer 429,030 at .12 NITE, I sold out at .12 and will look to get back in .06 or better. Stock still owes me money :(
That would be great but not enough buyers at the moment.
Let it drift lower, draw out the sellers and pick up cheap stock.
Considering the float is quite small there is a lot of resistance. Too much actually and yes it's annoying... I still have more bullets for this deal but waiting for more of a pull back. If it goes lower I'll buy if it goes higher I'll start unwinding my position. I would be happy to see .30
see how they are down ticking it after it trades off the offer. Would love to see them get whipped
MM's are shorting against the .124 offer, I went in to buy got filled but the offer didn't change.
once the .124 is gone it should be clear to high teens
Need to take out those offers at .1099 and .124 show some strength and it'll be in the high teens pretty quickly.
DEATH SPIRAL This company is not worth the paper it's printed on.
According the OTC Markets the float is;
Float 4,700,000 a/o Dec 06, 2016
The float is only 10,763,339 shares and confirmed by the TA.
With a little interest this could recover to mid .20's which is where this stock should be trading in my opinion
care to elaborate?
Seems to be only one seller keeping a tight lid on it, once they stop or back off this will move up.
Listen folks, no one is happy with the way this stock has crashed, I'm sure several of you are off side (me included) but we are all punters taking a long shot, win some lose some. Lets focus on getting our positions onside and move on. There is no one to point fingers at we all know the risk.
I'm still optimistic (maybe cause I have to be) but I think this will recover at least .10 to .20. 95% of pink deals are simply a story this one is no different. This is my opinion.
I got in a little too early but only small, picked up more down here today to bring me closer to being on side. I believe this will come back to .20+ short term
Cheep stock won't be around much longer