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I..don't know..if Rhett can drop in..on his auditors or not, to get things moving faster. If BZWR is still using Accell, this is their website:
http://www.theaccellgroup.com/about.php
It says that their address is:
Accell Audit & Compliance, PA
3001 N. Rocky Point Drive East, Suite 200
Tampa, FL 33607
Phone: (813)367-3527
Fax:
chiestand@accell-ac.com
(813 is a Tampa area code.)
Suite 200 at 3001 N. Rocky Point Drive East is a "virtual office" offered by davincivirtual.com.
At https://www.davincivirtual.com/loc/us/florida/tampa-virtual-offices/facility-4278 , they list the services offered for their virtual office using that address:
VATE is enjoying another good morning today.
Selling for taxes is over, for those who are not planning to buy BZWR shares again. They can claim their 2022 losses.
For the rest of us, I see buying and accumulation ahead for 2023.
The Annual Report is..overdue beyond the grace period. See Diana15's recent post #4665.
BZWR has built a small company around some good ideas this year, in my opinion. The have acquired the marketing firm, Helix House, and the FinTech software developers, Alchemy Technologies. We will know what size revenues they produce in a full year together after the year closes on August 31, 2023.
If they hit $10,000,000, they would be about half the size of one typical CVS pharmacy store, if this Investopedia article is correct. (67% of $292B annual sales produced by 9900 stores across the U.S.). So that is small.
They face significant challenges, being less than that size and having to afford administration necessary for a public company which seeks to remain qualified for OTCQB. They hired their first Controller just this past February, so time was needed to analyze, test and merge all their data into a proper accounting system, I suspect.
I have to believe that the market is expecting a reverse split at this point rather than giving up on remaining qualified. An example like the HOFV 1-for-22 reverse split that occurred over Christmas might be enough to do the trick. That one seems to not have damaged the share price very much. If I were BZWR, I think I would reverse split to about $1 per share, though, and give myself some room. The very small float would be a good thing coming out of it.
I am bullish because BZWR has the opportunity to control their costs to a survivable level now that they have some revenue generators onboard. If their ideas and technology are attractive enough, they will produce sustained growth as their customer base expands still farther.
You were right that together the trades were..large. In the first 30 seconds after the opening bell, that chart shows that 311,000 shares sold, temporarily wiping out the whole bid side of Level II down to that $0.0011 level. Fortunately, best bid is now recovered but off 4% from yesterday.
I suspect that more selling for tax losses will occur until month end.
For a little while today it will be found at https://ih.advfn.com/stock-market/USOTC/business-warrior-qb-BZWR/trades
It is on line #11.
For 6,000 shares, the trade totaled just $6.60 @ $0.0011, the new 52-week intraday law. I don't expect the market level will be set by a $6.60 trade.
The link..on trustalchemy.com to a "PayPlan an Alchemy Solution" page found at https://enterprise.businesswarrior.com/ does have two small references to Business Warrior, I noticed later.
While waiting for delinquent audited financials, I..find this..odd.
Doing a Google search on site:trustalchemy.com "Business Warrior", which looks to see if the phrase "Business Warrior" is found at trustalchemy.com, gets no hits. In other words, Business Warrior does not identify itself on the website of its subsidiary, Alchemy Technologies. Except, that is, a chat is offered and if you click on that, you see an invitation to "Chat with a Business Warrior expert". So Business Warrior is not entirely hidden from the website.
PayPlan is offered prominently on Alchemy's website, but BZWR is not mentioned.
Does Alchemy have enough brand recognition that BZWR wants to continue marketing under that name? It looks that way from the website.
Maybe 500k shares changed hands at 12:39pmEST.
They went for between $0.006624 and $0.0073. No news, but that might be the reason. A report from the company is overdue past the 15-day extension.
The best ask is recovered to $0.008 for those who may have a small number of shares to sell. But we can see that a large trade didn't get that. It makes all the volume at $0.0099 recently look like opportune sells.
Mostly sellers, but..only about $2,000 worth sold today by 2:45pmEST. Ask still holds at $0.0092, so is the same as at the open. Still, the $0.0072 may have been a new 52-week intraday low-- not sure.
Today..is the due date for the annual report. We hope to see the condition of BZWR at the fiscal year's end on August 31. This should include the company as still composed today, including "Helix House, a Business Warrior Company" and also Alchemy Technologies, the more recent acquisition.
I'll be looking for how stockholders' equity has changed since the last report, and some assets in particular, namely Goodwill and Cash.
The report will cover the period before they began concentrating on monthly revenue generation, so I don't expect great news on the Income Statement. (I really don't expect to see a lot of progress in the first quarter, either, when that report is due for release in the middle of January. Progress takes time.)
Perhaps something will be said today about subsequent events that may shape profitability going forward. We may also see if there is a minimum stock price issue with staying qualified for OTCQB, and how they may try to solve it.
I expect little to no immediate market reaction to whatever is disclosed, as seems to be the pattern here.
These are my hopes for today, anyway.
Off 20% to three quarters of a penny.
Since adding Alchemy, BZWR describes themselves differently than before, reflecting a change in priorities, I suppose.
In the "About Business Warrior" section of news releases, up to the OTCQB announcement in August, they had been saying:
"Lending Technology, Solved." Big letters, home page. businesswarrior.com
If you are looking for "lending technology", it looks like you have found the right website. If you are a small business owner looking for marketing or financing help, you have to scroll down the page.
I think I would headline along the lines of "Warriors win the fight to make growth happen! Business Warriors" and then have boxes that link to things like "Are you noticed on the Internet? Get your Score!", "Get the funds you need to scale your growth.", "Market your products and services like a Warrior!", "We can develop the software you need to win the day", and "Especially for Lenders: here's super new technology to streamline the loan process like never before."
Just saying. I find the home page confusing as to who is the expected audience.
Is BZWR to be a lender themselves? My take on this is that it is not for them to lend primarily, but to sell lending software to lenders. It looks to me like they were intending to do lending in support of building customers' small businesses, but have have now moved to developing such software to sell to lenders. Of course, they may find the software good for the use of their own clients.
Here are some comments, just my opinion, on the announcement that was posted here this morning, found at https://flashalert.me/?symbol=BZWR&source=PR&referer=https://stocktwits.com/&url=https://www.globenewswire.com/news-release/2022/12/08/2570267/0/en/Cloud-based-lending-platform-PayPlan-offers-a-1000-price-point-to-spark-innovation-in-lending.html&s3=BZWR/2022-12-08/08-32-19_000000/glob/2a0b47e34d551f69fcbe5d2fc3b5dd33/Cloud-based-lending-platform-PayPlan-offers-a-1000-price-point-to-spark-innovation-in-lending.html
VATE deserves some attention, recovering very well lately.
My mistake. Wednesday Dec.14th is correct. Thanks for pointing that out. I was looking at January by mistake.
Audited annual report due..in 3 days, Friday..the 13th.
Is a reverse split announced? Otherwise, how do they solve the following by 12/20/22?
Today's tweet looked like a follow-up on why change of control didn't happen last week when they expected it to. In the morning, the market seemed quite ok and unconcerned with the delay. The tweet took away the timing expectation for the news, I guess. It also cooled the stock price. Was it intentional? Who knows? But it will look bad if there is no news for more than several days, I think. Even so, this delay may turn out to be of little consequence.
Don't be taken by surprise if news drops sooner than you expected. Yeah, it looks like maybe you still have a few days to wait, or possibly longer. But maybe not!
Long lists..of transactions appear in their financial statements. Shares were issued for the Helix House acquisition. (Other common shares, as well as preferred shares, were slated to begin going to Alchemy Technologies employees for the acquisition of Alchemy.) Besides those, many shares went to individuals for cash. Keystone (a lender) is also on the list. Employees received shares as bonuses at the end of 2021. Some shares were issued for consulting services. Other entities and/or individuals have also received shares, they report.
Nice close above $0.08!
$0.0874 is the high just now.
Glad..to have gotten into this one last week!
I suppose the shares adjustment was harmless, such as maybe someone was owed shares and it wasn't booked in the right accounting period, or some other technical correction. I'm not sure the value of those adjusted BZWR shares are high enough to get an explanation in the upcoming reports and I doubt that anything was irregular. You say you have had success with the stock in the past. The shares are interesting to me as well at this level, so I hope BZWR can hold on to OTCQB status and continue with growth of monthly revenues as they are now structured.
You may be right about QB status. BZWR has not reported any notification of deficiency, to my knowledge. Maybe there was a best closing bid @ $0.01 recently that I didn't find.
Meanwhile, indeed BZWR is a long-term hold. If everyone would share in our view of that, there would be few sellers and the price would begin to make some progress again.
Thanks. What you say makes sense.
Do you know what they mean? I don't. Please help if you do.
BZWR's corporate headquarters is in Phoenix, Arizona. They claim that on their Investors webpage in their FAQs there. https://businesswarrior.com/investors/
I agree that the Pebble Road address is not any kind of scam. Perhaps it is where they want legal or regulatory matters sent to be handled by someone in Las Vegas.
I believe it's a POBox for several reasons. I couldn't find proof for this exact address, but here are my reasons for thinking this.
The zip code Plus 4 matches when it's a P O Box. In this case, #230912 matches the zip code Plus 4 (the last six numbers). 89123-0912. This happens quite often, like for credit card bills or other businesses.
Although "P. O. Box" is the preferred use, "#" is sometimes used. I saw this point made in some websites about P.O. Boxes.
There is a post office at 455 E Pebble Road.
On Google Maps, I see that the address has a building, but I don't see evidence of other offices in there. 230912 is too large for a unit number for a small building, although not impossible, I guess.
My theory: an attempt to force..a reverse split.
If the best bid is held below $0.01 long enough, the OTCQB status will be put in jeopardy. The only cures that I can think of for this are: 1) achieve enough demand for the stock that the price rises, or 2) reverse split the stock. The long-standing MM OTCN best ask is blocking the price rise now. If this can be maintained, a reverse split is all that is left to keep OTCQB alive. A reverse split can be very profitable for shorts, since a reverse split usually drastically damages the share price.
This theory rests on the idea of MM OTCN (or a trader through them) setting the best ask at exactly $0.01. It wouldn't put a lid on the best bid at below $0.01 if it were any higher at all, even just $0.0101.
I hope that BZWR holds off on the reverse split as long as they can. But losing OTCQB status would also be bad for the share price, so a win here might be tough if there is enough money behind trying to short the stock.
Caution: I have not seen this kind of strategy before, so my theory may be totally incorrect. Do your own research. I have no idea if anything breaks any rules by trading in this way, or even if there is any strategy at work here.
I think BZWR has a PO Box in Las Vegas.
At this website (manta.com) their address shows up like this:
Business Warrior
455 E Pebble Rd #230912
Las Vegas, NV 89123
If so, BZWR should hang tough. You have pointed out that they should be releasing year-end and first-quarter results within the next six weeks or so. After that, it would be time to see how the share price stands. I don't see why BZWR should rush to a reverse split. As you have proven, they have 90 days to cure if they are found to be in violation. Just the year-end report alone may be enough to bust well above the $0.01 level and put an end to this issue.
Could OTCN be trying to force a..reverse split?
Their cap of best ask at exactly $0.01 is the level needed to force BZWR out of OTCQB compliance. The cure for BZWR would be a reverse split. However, even though a reverse split doesn't mathematically cause a loss in share value, it is an unfavorable event because traders see it as a warning or indication of future trouble. If BZWR chooses to maintain its OTCQB status with a reverse split, it is easy to imagine the shares losing half of their value or more. This would make a lot of money for anyone shorting the stock.
Thanks for taking the time to find that.
I hope my best bid data source is wrong and somehow the closing best bid had achieved the $0.01 level less than a month ago. But lately, OTCN has a cap on the price, not allowing best bid to reach $0.01.
Sure, Diana. The link to the article that contains a 90-day notice is at https://www.globenewswire.com/en/news-release/2022/07/11/2477495/0/en/AB-INTL-GROUP-Reports-the-OTCQB-Bid-Price-Deficiency-Notice-of-OTC-Market-Group.html .
The link to the document that contains "paragraph 4.1.b Bid Price Deficiency" is at https://www.otcmarkets.com/files/OTCQB_Standards.pdf .