Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Up to
13,221,553 now (MMMM)
Drastically increasing revenue and positive gross margins are anticipated in the near term future
Issue is these tests going to labs take forever to get the results. My sisters test took 3 -4 weeks to get back. Why even bother?
No EUA issued yet that's why
Just looked at the latest 10Q.
https://www.otcmarkets.com/filing/html?id=14020690&guid=YdRFUHiOc0jF6th
Interesting article about cyclodextrins in mouthwash
https://eu.dental-tribune.com/c/curaden-ag/news/like-soap-for-the-patients-mouth-cyclodextrins-are-important-for-future-of-oral-care/
Can't help but notice LRDG has convertible debt just like MMMMM as well as convertible preferreds.
New link for FDA page for Individual EUAs for Serology Tests for SARS-CoV-2
https://www.fda.gov/medical-devices/coronavirus-disease-2019-covid-19-emergency-use-authorizations-medical-devices/vitro-diagnostics-euas#individual-serological
RAFA Pop and drop. See you in the 30s.
Real big spenders!! LOL
Lots of ummm aahhh ummmm.
It's like the are making it up as they go along!
Yup, CTO Ryan is very impressive!!!
Same concern here. Yes there is a big difference. But she is not a CFO. They will probably hire one once revenue starts coming in.
The media part of the company is the attractive part. Just wait until people find out the value of the US mines! That is also going to BFNH.
A who's who list of Hollywood execs. Excellent management team!
How are they building a plant in a building they haven't finalized on yet?
The names and the symbol have been changed to protect the innocent. Drum up the "Dragnet" TV show theme!
Don't forget the warrants but otherwise you are right.
So lock in profits there. Be knowing the dilution situation, it might not get there until the company shows it can perform.
Great find and DD Highdraft!! So that's another reason why the stock isn't up on the announcement. I agree - get out. Massive dilution.
Or at least seem like it.
You won't see any update until the FDA approves the EUA.
We'll see. They will continue to sell stock to friends and family at 6 cents to pay it off so still dilution. 346M shares outstanding as of 5/8. 16M shares to raise $1M.
As stated in the press release the funds from Unifiance are only to be used for building the plant; so nothing else.
No money to pay off $2.5M in convertibles. Let the dilution continue.
This all smells of another delay with the same BS COVID excuse. Really, really they promise by June 15th now ...... KPAY!
They will need to change BOD anyway to move to higher exchange
Now we just need the FDA to approve it before it is over....
The failures had nothing to do with supply problems in either case
Be aware that just because something works in a lab doesn't mean it can happen in a larger scale production facility.
Two examples:
1) AQMS never achieved profitability and is very thankful its facility burnt down so they can collect the insurance.
2) Horsehead Holdings (formerly symbol ZINC) recycling of zinc never worked and they went BK.
There is still risk here even if they eventually get the money ($10M). They have $2.5M in convertibles to pay off otherwise further massive dilution. Further delays means further dilution.
LOL that will taste disgusting like every other cannabis wine or beer!!!
This is KPAY all over. CEO is a stock promoter. He's the one issuing convertibles; not just his predecessor.
Its 20% per the PR today within 2 quarters.
Hard to know what’s included in cost of sales. Could be some initial costs included such as cost of a stop loss insurance policy for members. We’ll just have to wait and see.
I would expect no matter what Rafa does it will carry a low P/E ratio since it is a Russian company with the risk thereof.
If they can average 20% gross margin, you are right
About $2.8m in convertibles
2,980,393 shares now outstanding per 10Q/A
Only problem is they need significant cash to complete the plant by mid-June. That is a catalyst if they get it.
April 6 PR said they are still working out the contract. Would think they would announce when it is signed.
Anyway, you are right. I am not buying. Good luck to you on this.