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.
Just two trades, both buy-side, today..so far.
How does upSWOT relate to BZWR? Does BZWR utilize this technology? How important is Timothy Li's involvement in upSWOT to BZWR's future success?
This connection may be very important, since BZWR's Global Head of Technology, Tim Li, is moderating a panel in a conference October 7-10 in Spain.
Yesterday's tweet (12:51 PM · Oct 3, 2022) had this to say:
Price back at..$0.009 as 85% of trades are..sellers.
Just $186 spent doubled the share price..to $0.0186. Best ask is $0.015. Whaddayathink?
It's so small..but has big ideas for growth, and progress seems to be occurring to generate revenues from their new projects.
The stock is mainly unnoticed, so it drifts downward with little interruption. Buyers are hard to come by.
But with one exception, which was when the pumper showed up many months ago. He evidently had no connection with the company, but he had many followers who bought into his pumping efforts, and BZWR's price rose sharply. This cast unwarranted doubts on the stock and performance was also bad when the pump was done. I think BZWR is still trying to recover from this attack on their reputation.
These factors are so large, I think, that they are hard to overcome. The company puts out a good earnings report and the price barely moves and there are few shares traded. News doesn't seem to move the price, which continues to decline even when nothing bad is happening. Uplisting to OTCQB gave no relief, although for many stocks, there is a nice gain for this event.
But that problem may finally be winding up as it was now fairly long ago and has never been blamed on company management. It seems to be just stinky pink sheets madness, and now the company has uplisted away from that.
The belief here is that the company is strengthening and will eventually have the growth needed to fuel the share price.
Correction: The cash outlay was $2.25 million, not $2.5 million. This was 73% of the reported cash balance, not 81%.
While we are waiting, some Alchemy takeaways...
The Alchemy audited financials issue should be addressed by the company, whether it be a delay in the audit process or a misunderstanding or whatever else. I hope that a statement from the company will soon be released about this matter.
Diana is correct, as she almost always is, to point out that on September 1 Rhett promised their posting in a couple of days from then.
Rhett said this in an interview on YouTube starting at about 4:00 into the video:
I see he tweeted about PayPlan..six days ago. It's a product that his new team has built as their first project together, I believe. I wish them much success. This is the Tweet.
The stock market is very tough now and selling dominates. I'm still accumulating BZWR while sentiment is negative.
I think the end is near, too.
But just $175 on the "buy" side today, and the ask you just mentioned, looks like we could wait a little longer for the selling to finish up.
You can see my recent concern about the cost of acquiring Alchemy, but I expect that is in the realm of "maybe the price was too high" kind of a worry. I don't, however, believe that BZWR just went off and blew millions more than BZWR is even worth on something without appropriate tangible assets. Are we entirely in the dark on this, or do we have some idea of how Alchemy is structured?
We have to assume Alchemy is..a BIG DEAL.
Through nine months, Operating Expenses (including payroll and much more) was $4,229,093. Gross Profit was only $2,141,071, so the Operating Loss amounted to $2,088,022.
It seems to me that BZWR will run out of cash and equity soon if the $8.75 million committed for Alchemy doesn't greatly expand the Gross Profit. It could do that if $5 million in annual sales for Alchemy is realized and Cost of Sales is minimal. There would also need to be not much new Overhead coming along with that.
But if we see a ton of new Goodwill on the Balance Sheet, representing a lack of tangible assets, my outlook would be less optimistic than it is now. If Alchemy is not a "big deal", $8.75 million is a whole lot to spend for it!
The Alchemy financials may justify $8.75MM as well-invested. Shareholders may feel reassured if the balance sheet is strong. I hope that information comes soon.
Market Makers asleep? $250 trade..crashed stock 40% near the opening bell. I guess they woke up since 400k shares are bid at more than $0.0067 now, even as high as $0.0098.
Down 40% early, but recovering for now.
Up 31% at the moment.
This rally to..$0.014 might not be..a Tom Jones..rally. ("It's not unusual...")
President Brooks tweeted about BZWR's recent acquisitions on September 12:
You can see the tweet here.
Didn't. NITE bidding $0.0097 with 10k shares. Maybe they have other bids under that. If not, JANE is next at $0.0088.
"That's $8.75MM to..buy expected $5MM in annual sales, as I read it." That's how I saw it in June, anyway. Maybe $5MM has been realized by now, who knows?
At that price, Alchemy would certainly need to provide a big boost to BZWR for the deal to make much sense.
The..$0.01 level generates a..lot of trades, so..not surprised to get there and maybe get this over with.
Are Alchemy financials posted yet?
I see that they revised the May 10-Q on Sept. 6th, but that doesn't seem to have much information on Alchemy.
The Alchemy deal appears to me to have used a lot of BZWR's cash, so I hope Alchemy will provide a positive cash flow to start building it back. At an $8 million+ price tag, Alchemy ought to be a rather substantial group to merge into BZWR.
Glad to have Tim Li participating here on iHub.
The podcast today did not mention Business Warrior in Li's introduction at the beginning or even his position there, although I believe he holds positions in several organizations which were also not named. The podcast was devoted to several timely financial topics, but made no mention of BZWR as it was not the purpose of the program.
Hopefully, he will be a good fit and resource for the newly enlarged company.
The public information disclosed to this Board by a new poster "thebittersea" indicates the following about himself:
Tested $0.0103 again today, I see.
It may be mighty late..to short BZWR now!
BZWR year-end is today. Congratulations on assembling a larger and stronger company this year! What will their Annual Report show us about their progress? The OTCQB requirements give them 90 days to complete their audit and make their report.
The dump of 245k shares by someone this morning set a new 52-week intraday low of $0.0103. I'm glad BZWR made it to OTCQB because they may go sub-penny. However, there would be a lengthy period to correct the share price to avoid disqualification.
I still feel that I will be reporting new highs in the near future, starting with a new 30-day high ASAP.
May 31 stockholders' equity..was $4.3MM. Market..cap now..$5MM, approximately. Not afraid to buy here.
I..think your timing is good to..buy BZWR now. Perhaps it won't be such a stinker now that you are here, you are buying and you are pointing out the company's many outstanding accomplishments and features.
BZWR meets high-standard eligibility requirements and..achieves OTCQB uplist.
"In meeting the eligibility requirements of the OTCQB, Business Warrior has demonstrated that it is current in its financial reporting with the Securities and Exchange Commission ("SEC"); has passed a minimum bid price test; maintained audited financials through a PCAOB-registered firm; and will undergo company verification and management certification on an annual basis.
Here is the full press release:
BZWR begins OTCQB trading this morning. Big headline!
The "pink sheets" designation is now gone from the otcmarkets.com BZWR webpage . Now it says BZWR is an OTCQB member since 8/2022.
Another goal accomplished! BZWR managers keep hitting their goals.
Biggest volume since early July..could signal the bottom today. A few buys have appeared. New 52-week intraday low is now $0.0118. A 70% spike for uplist to OTCQB would put us back to 2 cents.
There isn't enough dollar volume to mean much, but it is sometimes true that high trading volume will create "panic sells" and a floor for the price. I:00pm today may have reached that point, who knows?
Fundamentals on this stock remain improved at last report, with no notes or mortgages payable and $4.3 million stockholders' equity.
Thin trading, big spreads.
$2,000 of selling activity in the noon hour sent the price down toward $0.0135, and now it has slipped to only $0.013 on the Ask side.
My buying on Friday for less than that amount pushed the price up to almost $0.02.
If the OTCQB uplist only attracts $50k in buying interest, I can't even say how high the share price might go!
Good. Maybe INTL wants to trade because of the OTCQB uplist. Adding market makers might reduce the bid-ask spread, which is very large lately.
MarketMaker "INTL" has..entered with their..best ask of $2.34 for 100 BZWR shares. This is so much higher than where the market is right now, that I wonder if INTL is sending some kind of secret signal. What does it mean to ask $2.34 for a 2-cent stock?
On August 19, an updated OTCQB Certification was filed by the company here.
The only difference that I noticed from the August 9 filing was the addition of some "third-party providers" in Part 7 of the form.
The August 9 filing had:
SmallCapVoice of Cedar Park, TX
Axiom Financial Inc. of Cumming, GA
Jonathan Leinwand, P.A. of Aventura, FL
Accell Audit and Compliance PA of Tampa, FL
Pacific Stock Transfer of Las Vegas, NV
The August 19 filing added:
Helix House Agency of Scottsdale, AZ
Evolve Public Relations of Scottsdale, AZ
North Equities Corp of Toronto, ON Canada
Kevin Kading of Brooklyn, NY
Elev8 Advisors Group of Phoenix, AZ
Single Origin Media of Walnut Creek, CA
Hopefully, this is the only needed correction and all other steps to achieve OTCQB uplisting are being handled.
Date hasn't been announced for the uplist, but Rhett says it's in the "final stages" in his recent presentation. (At 9:06 in the video.)
I understand the process is in final review, and the certification was recently issued by the company. If 60 days is typical, we are now well into the second half of that timeframe. So, uplist should be announced by the company any day from now out to about mid-September.
When you..get approval to uplist to..OTCQB, please don't announce it on a sleepy Friday afternoon.
No..trades in..the last hour; nobody's watching this stock! I hope that this afternoon's web conference brings some positive attention to BZWR. Publishing of the schedule may have brought a few buys yesterday. After all, the fundamental news has been good! Maybe the publicity of uplisting to OTCQB will do a bit better in a few days or weeks.
BZWR..up 28% at 1:30pmEDT, nears 2 cents/share. Average daily volume continues to rise.