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New 52-week intraday low today $0.0121. (Sometimes I think the MMs read this board.) Volume at that level was miniscule so far-- just 6100 shares ($73.81).
Oh, look! Recovered to $.0166 just now, today's high.
CEO Rhett Doolittle to report at 12:45pm tomorrow at the Emerging Growth Conference, according to this article. That may spark some immediate interest in the stock.
Only 6k shares of..the 716k traded..are considered "buys" so far today. That is a whole lot of selling! However, the best bid is fairly stable through all of this.
("Trade definitions are based on the mid-price and are indicative only", according to iHub's classification of buys vs. sells, found in their "trades" link for BZWR.)
Anything above $0.023 would be..a one-month intraday high. I am expecting that those kind of reports may be happening shortly.
New..52-week intraday low was $0.0125 on August 10. Perhaps BZWR can stay above that now!
Time to average down already. $0.014 available!
Agreed. Wall Street appointments could bode well for..uplisting.
Uplist seems near; where..is the usual anticipation rally?
Speaking of oversold, stockholders' equity was $4.3 million on May 31. Today the entire float of 153 million shares would be worth just $2.5 million at a recent price of about $0.0163. If it fell to one cent, the float would be worth only $1.5 million. Recent trades are exhibiting very little confidence going forward. I think that is wrong, which is why I continue to buy.
Shortly before uplisting, the share price can spike. Recent examples that I saw are XCRT, RLBD, VGANF, FMHS, CBSC, CLAZF and CLGUF. Somehow these spikes occur within a few weeks or a few days before the OTCQB trading begins. In most of these cases, a downward trend very soon afterward took hold, and some retreats were sharp.
There may be a quick profit-taking opportunity coming up for BZWR shares bought below 2 cents or so. It may even do far better than that. Long term, the company has grown by acquisitions so it may be in a position to hold share value gains since it could be oversold, don't you think?
No immediate trouble..if it stays above one cent until application approval. Here are the details.
Raymond James says BUY! Good price action.
Photos of the six scrapped Tristars are viewable currently at https://www.airliners.net/forum/viewtopic.php?t=1472579.
smallcapvoice.com podcast: No roadblocks seen..to uplisting on OTCQB, says Rhett Doolittle CEO. This new podcast features an interview of Timothy Li as well, who joined Business Warrior via the Alchemy acquisition. A 30 to 60 day processing time for the OTCQB application would mean uplisting may occur by about September 8 at the latest, but could happen as early as around August 8.
The two senior officers interviewed, Rhett and Tim, stressed the growth of sustainable monthly revenues, the importance of the recent acquisitions, the increased number of employees and contractors, the development of their capability to produce software and the many tools that BZWR will offer for its future customers, among other subjects discussed.
The interviewer, Stuart Smith, mentioned the benefits of uplisting to OTCQB that would expose BZWR to many more potential investors. The 12-minute podcast can be heard
right here. It was released yesterday.
New..52-week intraday low $0.015, but..now bouncing to +7%.
Buying..now, before the..August uplist, should be..a good strategy. An OTCQB approval would be good for the company, no doubt!
BZWR's assets &..stockholders' equity..both increased between Feb..& May. Assets moved from $6.3MM to $6.4MM. Stockholders' equity rose from $2.9MM to $4.3MM. This was because Liabilities decreased from $3.3MM to $2.1MM. They realized some deferred revenue, decreased accrued expenses and paid off $150k of Notes, among other things.
Goodwill, an intangible asset, is presumed here to be created by the Helix House acquisition. That $2.2MM line item would represent a premium paid over its equity at market values, I expect. So, this asset could suffer impairment over time. Other than whatever potential impairment, the assets looked quite solid as of May 31, in my opinion, especially since the company is audited now.
The next situation concerning assets may soon be, how is cash doing? The Alchemy acquisition after May 31 evidently required substantial cash. But we won't see a balance sheet for maybe four months, I guess. The fact that equity line of credit was used for marketing recently might be a clue about that. I have guessed it could have been around $200k spent, but I really have no direct information on that. That line was reported to amount to $25MM, though, so liquidity shouldn't be a problem.
The share price continues to decline, but so are all stock markets this year. I am not surprised to see the decline since we may be in for a long wait for the next results. But I would be surprised if investors don't return here after a while.
New..52-week intraday low $0.0155 &..Best..Bid fell 28% for a little while at noon.
HOWEVER, only 500 shares of the 258k traded so far today were below $0.018!
BZWR actually has..a lot of followers who are..investors.
There are around 1744 Business Warrior Life followers listed on Twitter. Many seem to be OTC investors. That's a good potential for share price growth.
The..coming uplist to..OTCQB might bring more investors here. You should have been correct to say that BZWR would have a good day based on their good results reported. But, unfortunately, it seems like no one was watching.
It seems that Rhett has that magic touch with building a successful enterprise. But until the uplist is approved, it looks like there are not many following BZWR news.
Right now the MMs might be looking for a price level where more volume will occur. So the short term may not stay around $0.02, but I don't know whether up or down is more likely. When OTCQB gets approval (I'm guessing sometime in August), we may finally get some progress here. I would not be a seller this month.
Press release out now for earning report.
Read it here.
From a portion of the article at www.marketscreener.com 10 minutes ago:
3rd Quarter Form..10-Q is released and..can be seen
right here.
I am impressed that there remains very low debt, mainly just an SBA loan. The other liabilities consist of the $1.174MM in deferred revenue, which should convert to Sales ultimately as mentioned on this board already. Accounts payable and accrued expenses are inevitable in a business and current assets are enough to cover them.
Good report!
Share price..is rising now with Q3 report promised early this week.
Buyers may..be arriving..this afternoon: $0.0225 attained, Ask is..$0.0229.
Extension filed to..delay Q3 results to..early next week.
Twitter.com:
Not..many bettors..on a shining 3rd Quarter Report today! They may be missing the boat!
Guess maybe ~11MM shares @$0.0182 = ~$200,000? It would be interesting to know what price per share is demanded by the "LOC" and how much cash they are to receive. It seems like a bad time to draw much cash with the low share price, but perhaps $200,000 is not a big draw considering the whole Line is $25MM. And perhaps they got a better price than how shares are trading lately and received more than $200,000.
Indeed, the pro forma should be an interesting read.
BZWR is under a fairly strict requirement for it, according to a definition in Investopedia, where they explain, among many other things, that:
Thanks for the tip, and I hope whatever answers are given get posted here for the iHub readers as well, so not just the questioner would get new information.
3rd Quarter report is due on Friday, as we all probably know by now. I expect that it will show the early effects of the Helix House acquisition. Perhaps some Alchemy acquisition facts will be shared as a subsequent event.
The OTCQB application is submitted. Twitter. 1:52pm
@RhettDoo
All the $0.0189s ran out..so someone paid $0.0237 for 5,000 shares. I would hold out for at least 4 cents if I let a few of my cheap ones go-- just my opinion.
New 52-week intraday low..of $0.0181. Recent best..bid $0.0162.
3MM shares traded and price went down, indicating that person(s) wanted to sell. So market maker(s) now have that stock, presumably, if there was no immediate buyer. If someone had wanted instead to buy 3MM shares, the price surely would have gone up.
At $0.02, I suppose the market makers expect to make some money as buyers come along and will pay $0.021 or $0.022 or more, eventually. That's the price of providing liquidity. Without market makers, a 3MM share dump could wreck the share price. But as it is, the shares fell 20% from recent $0.025 and may return to that as market makers ask in those ranges, assuming there are buyers that come along and will pay that. That's the risk that they take, but they do make money at it, don't they?
But why did the 3MM shares sell? I doubt it was a company or employee transaction, but it could have been. Otherwise, someone was ok with getting 80% of the recent months' share value instead of waiting for what may be fundamentally weaker balance sheets to come or for revenues not showing much progress. (Who knows? They may buy back in at $0.015 someday.)
Those who remain are counting on better news than that. That includes me because I believe BZWR will improve with markets in general and can wait to get through the bottoming process going on now.
Rhett: "The recent stock issued was for employees..."
from Twitter:
52-week intraday low..of $0.019,but 990k shares bought @$0.02.
A..weak bottom line during acquisitions is..a good assumption, I agree. There are one-time costs and extra expenses involved, as already mentioned. Rhett keeps saying how good these acquisitions will be for BZWR. I do not see that his outlook is changing. I would be surprised to hear anything new before the report comes out.
I..hope the 3MM shares issued wasn't to..raise the..$60k they are worth!
BZWR had $5.88 million cash on the Feb 28 balance sheet. They bought two companies since then, but hopefully didn't draw cash down to where they are hunting for $60k somewhere.
Perhaps the 3MM shares had to do with the acquisitions?
Months..to go,,before acquisitions' effects on..P&L and BalanceSheet published.
The effects of acquiring Helix House should appear in the next report, which cut off on May 31 and should be published in July. However, the Alchemy acquisition wasn't finished until June, which puts that in the 4th quarter ending August 31. I don't suppose that the numbers will be audited and ready until November.
Of course, these acquisitions should produce more assets for the balance sheet and more revenues from their activities. But how good were these deals for BZWR? How much did the assets and liabilities sides rise? How big will revenues become?
BZWR can set new lows in this weak stock market in general even without any bad company news. And I suppose everybody already knows about the long waiting period to see the audited results of these acquisitions.
I am hopeful that the headlines for the 3rd quarter release will show some real progress in revenues, restraint on operating expenses and the like. The company has the opportunity to conserve enough capital to pull through a downturn and prove that their concepts work.
New..52-week intraday low..of $0.01979 today.
Volume was high.