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I’ve been using td “think or swim” platform for a while now and when the move from td to schwab happened nothing changed with that platform.
I was wondering why that PR was posted again today by benzinga in my TD feed. Does anyone know why that PR would be posted again today when it is dated 2022?
Nice find. Yea i was planning on googling that agency Captivate Minds. Boom right on the landing page THC Gummies.
Any guesses on what gets this stock moving?
Seems like these recent announcements do nothing.
Is it some revenue being generated that will move it?
Is it an acquisition?
A deal with a major brand?
What I don’t understand is if they needed money then why didn’t they approach that insider directly for money in exchange for the shares he ended up buying on the open market?
Weird trading going on.
Looking much better. Just need the company to follow through on any of these announcements with revenue.
Seems like some new share coming up for sale the last couple of days. Or someone isnt happy with progress.
Pretty good volume to start the day.
It made me check to see if I missed something from the company.... I hadn't.
Can you see the items listed for what specifically they are selling?
Some one certainly hates their shares. Consistent dumping over the past week.
im sure different machines vary and what type of output/ drying rooms you have. Its not even about the money but also the time. Could take up to a year from conception to production depending on the local red tape. Contract manufacturing would be the wise starting solution. If business is there then buy your own manufacturing capacity.
Back to Daily dumps into the bid. The past 2 weeks we have had refilling bids but that has disappeared the last couple days.
I thought the news was promising but obviously the new shares are weighing this down. I wonder if they plan on contract manufacturing the gummies or are going to buy the equipment themselves. I have recently seen the process of setting up one of these gummy machines. couple $million to get going.
No i didn't see an immediate correlation to the SS or the Outstanding shares but there has been increases previously so it could be new shares from months ago.
I have a feeling its retail. with the safe banking Act on the horizon and the company actually trying to put some deals together, I could see someone in retail getting hyped and pushing this up.
I had noticed 2 weeks ago before the last PR there was 50k shares sold close to open into the bid everyday. It happened at least 4 or 5 days in a row. Since the announcement i didnt see the same action. I was actually surprised by the lack of volume the last 3 trading days as usually new shares are timed with PR.
Could the safe banking app help open doors for sources of funding for OWPC
https://www.nbcnews.com/news/amp/rcna104268
Very strange trading going on. large Doubles, skipping bids.....
This seems like some good news. Hopefully this is going to get the ball rolling with real operational news and revenue growth. It will take time for a following to catch on here so hopefully the company can stay consistent with investor outreach.
Maybe we will get another shareholder update in the next couple weeks….
I looked around and couldn't find any public information that changed. It could be someone forming a position as its only 300k shares. If it was a couple million shares then i would suspect something leaked or im missing some piece of public info.
Ok which one of you are buying this morning?
Now thats a proper Dump! i guess someone didn't like the Withdrawal of the S1
Outstanding shares increased by 1,366,700
Sign of funding or what?
I guess people liked this stock better when it was about to go to expert market???
Price action the last couple weeks has almost been the reverse of the last couple months. Right bids get reloaded the second they are taken out and we have a creep higher.
As for the grace period. it wouldnt make sense for them to go expert market with the recent announcements and changes to share structure. So one would assume that they would take care of the non reporting before the end of the grace period. But this is the OTC market so one must always expect the unexpected.
$OWPC now officially on a 15 grace period before being moved to Expert Market.
"This security has entered a Grace Period, where it can be publicly quoted for 15 days before moving to the Expert Market for unsolicited quoting only. Securities enter the Grace Period when OTC Markets Group is no longer able to confirm that the issuer’s disclosure is current and publicly available as required under Rule 15c2-11."
I wonder if they are saving the story for post qualified offering, as almost a new "go public"
yea its a pretty impressive resume.
https://hub.berlin/speaker/joerg-sommer
Also this:
Joerg Sommer holds a Dual Master degree in Mechanical Engineering and Business Administration from Technical University (TU) of Berlin as well as an MBA from Massachusetts Institute of Technology (MIT), USA.
His most recent work experience is CEO of StreetScooter:
https://www.streetscooter.com/de/
Sommer has been CEO of StreetScooter ,leading producer of electric utility vehicles in Germany and a subsidiary of the world’s leading mail and logistics company Deutsche Post DHL Group, since April 2019.
The only positive I see is that as of a little over a month ago they convinced this guy to come aboard with him getting paid is reliant on them executing on their offering plan. So what ever plans they laid out front of him was convincing enough. Hopefully we see that plan come to fruition quickly. I see people are tired of the delays and lack of communication.
So they hired this guy Joerg Sommer as President per todays 8k. Is this news to everyone here.
Seems like its this guy
Was:
Former Chief Executive Officer, StreetScooter Gmb
lead the “product marketing and go-to-market planning" - Faraday Future
Senior Vice President Product Marketing & Strategy at VW
"his role of Senior Vice President Product Marketing & Strategy at VW, which he held since 2013. Prior to working at Volkswagen, Sommer held executive roles at several European automakers including Daimler (1992-1995 and 2000-2007), Opel (1995-1999) and Renault (2009-2010)."
https://theorg.com/org/one-world-pharma/org-chart/joerg-sommer
https://www.bloomberg.com/profile/person/20973383#xj4y7vzkg
https://electrek.co/2016/09/14/faraday-future-adds-top-vw-executive-to-market-its-upcoming-electric-vehicles-joerg-sommer/
Did I miss something in the filing to make it dump the last 2 days?
Have they been this late posting financials in the recent past?
I think you misread what was posted but that person on Twitter. They are saying at the physical location “No like, it’s an actual business with employees and equipment” but the the poster shows the financials that have no revenues or significant assets.
This is the same point we have all been making. We all assume the value and operating entity in that building is velocity which currently is not merged in.
Huge L2 shift...did I miss some news?
High Risk High Reward. OTC is the wild west.
The main difference is in the otc the principals (in this case lihn) have complete control. So with his preferred share control he can agree to the sale of the operating entity of hi-alloy for $1 to the private entity he controls leaving MVNT an empty shell. We wouldn’t see a dime of that sale but would retain our shares of a now empty shell he would most likely sell since it has value to another private entity who would want to reverse merge into it to become a public company.
This happens every day on the otc both merging in and merging out.
In the OTC it works like this. Lihn would take the operating entity Hi-alloy valve and merge it with a private company he controls for $1. then that would leave MVNT the public company a shell company with no operations. Mvnt shares would continue on as they are today just without an operating entity. Lihn would probably sell the shell to some other person who will reverse merge in anther operating entity or sell it to someone who would. This is the cycle of the OTC.