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Just give it some time. I'm watching just like everyone else. I'm waiting for .0017 before I jump in with a starter.
Took a big shot at .03 and got it. Didn't think I would.
Monster Ask sitting there now!
They don't own 25% of WSRA. They supposedly have a stake in WSRA's Western Colorado Farming Initiatives acquisition.
Keep in mind that no terms were made public for either transaction, WSRA's or RSHN's stake. Just a bunch of guys who know each other trying to make some money and divide up the pie. Can't blame them.
What about NNRX? They are looking for raw materials.
I'm hoping to take a starter here around .0016-.00017 by Friday. We'll see!
This made me smile.
As of 10/29, A/S is 10 bill and O/S is 7.7 bill via the OTC website. This is after the reduction.
You can make money here I have no doubt. You can even make 100%. Just don't hold this above .0060 IMO.
It's never getting to a penny with this S/S and they can't just do a bunch of reductions without paperwork and regs to back it.
You would need 50 million in net income for the share price to reflect .01 at 7.7 billion shares outstanding. Not sure what their expenses are since they don't update their financials, but net income is revenue minus expenses. I'm assuming since they have zero revenues at the moment, their expenses are probably pretty high.
A good ballpark sales number would probably be 400 million to get to five cents. That's not going to happen with the leadership they have in place IMO.
EPS = net income / average outstanding common shares
0 / 7.7 billion = 0
Every day this is above zero is a good day.
None of the 3 sisters are though. Been a tough few days for all of them.
Think before the end of the year?
I'm wondering how they acquired this without any terms being released. That has bothered me for a week. Maybe future considerations? As in we will pay for it once we get products rolling out. Public companies should make information like this public.
I imagine that every day Smitter!
All buys today!
Yep. We'll see if they can execute on the harvest.
Right now it's lots of sells and buys under the Ask.
Fair enough. Let's wait for the announcement.
Yeah, looking at their financials, their balance sheet looks super strong...
RSHN has about $61 in the bank. They didn't buy any stake in WRSA's facility. Neither company has released any information on how RSHN did this without any money.
That's a revenue PROJECTION penny. They are squeezing oil out of plants right now. Next step is to find someone to sell it to. Hasn't happened yet or we would have heard about it.
PPS is on standby or dropping until we hear they have some clients who have money to buy stuff.
Lots of big sells, too. Don't like seeing that.
Finally someone with money who will be able to pay WSRA for their services. Good news!
Do you see a R/S coming with this news? Might be tempting for them with 6.5 billion outstanding. I like this play for a potential entry, but not jazzed with the SS.
Yeah, I saw that. Will help.
Indeed. Now if they will spend some money on PR and get this name out there, we will be set!
Got an email back this morning from the TA. As of 10/26 the float is 38,602,301.
Are there any known limits to everyday Chinese investors buying shares in US companies? I wouldn't think so. I mean I can buy on the HK Exchange if I want to. I have been thinking for the last six months that they would be buyers of this.
I like your thinking. In the end, companies have to sell something and make money for a PPS to rise exponentially. I realize there are exceptions and stocks do go up on speculation, but the share structure here certainly hurts more than it helps.
I am SOOOO very thankful we don't have 7 billion plus shares outstanding after a share reduction announcement that fell flat over at RSHN. People are losing their minds over there that the PPS didn't go up 50% after that ridiculous PR.
I think we have hope at least with this share structure.
A PR about reducing shares in a ticker that already has an ungodly amount and still does is not what moves the PPS up. They would have to have revenues of 50-80 million plus already on the books to break the 1 cent barrier for the number of shares they have outstanding.
If the PR was about how they plan to make money selling something, that would be exciting.
Good luck friends. I MAY jump back in at .002.
That's the PR???? Still 9 Billion shares? Going to move the needle ZIPPPP.
Just no catalysts right now. There may be hope down the road though.
Yeah, have a feeling it is going to get worse, too.
Good man!
lol all the way to the bank then doog. Good luck to you.
check back in a couple of months when leadership does something besides emailing, texting, and tweeting that things are coming.
If anyone chooses to look at the balance sheets for RSHN, GPRS, and WSRA, they will see that none of them have any money coming in. None. You can't produce world class products without money. You can't make money in a ticker where the only source of revenue is shares sold.
I agree. The sell off would have been more dramatic and we would have gone below .03 for sure if everyone was heading for the exits at once.
I don't care. That last 125,000 buy was me because I believe in what's probably in the ground.
I think the only thing that will move the needle now are drilling results. One good report could move this thing 300%.
One would expect to see some massive Bids building in the 2s, but they just aren't there either.
Craziest thing I have ever seen...