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That's good to hear, I think this has always been a long time hold, the more traders figure that out the better we will all do.
Coronavirus stimulus money is on the way:
https://www.usatoday.com/story/news/politics/2021/03/10/covid-stimulus-updates-house-verge-passing-joe-bidens-bill/6924862002/
So OTC traders who make less than $80K will have more money to investor in undervalued companies like SNDD very soon.
Yeah, most retail traders trade based on fear, so it's a surprise. They will probably buy at a much higher price once we start running again, not due DD, but due to have fear of missing out.
Right about now would be the perfect time for Klug to burn these bozos.
This stock is currently being deliberately pushed down and accumulated, and it has been for most of the last two years. I don't push it down but I have accumulated shares each time the crooks have pushed it down. A very similar pattern happened over at C*WD which ran from .005 to .19 within less than a month, right after the last COVID relief checks came out. With $12 million dollars of revenue coming, it will be difficult to keep this down when the next round of checks are received within the next few weeks.
No, not everyone is a crook just Schreiber.
Real companies are about to shine, while pump and dumps are about to crash.
BREAKING: The SEC suspends 15 issuers based on social media and trading activity.
— TheStreet (@TheStreet) February 26, 2021
Suspended List:$BBDA, $BLSP, $EHOS, $EVTI, $AXCG, $GYOG, $HLXW, $IPWG, $MRBI, $MEDT, $NTLK, $PTTN, $PTAH, $DKGR, and $WOFA
The news just posted to Etrade. It's just a matter of time here...
The company is active on Twitter this morning:
https://mobile.twitter.com/home
$12 million dollars! That's what I call news!
There's no math behind that claim, the high was .0179 in October 2019. If we were really down 90% then the high would have had to be .042.
After reading Tuesday's court filings it is transparently obvious that Schreiber never had a legitimate reason to ask the court to accelerate the settlement agreement. The agreement between the company and Schreiber clearly stated that, and I quote:
Agreed!
Meanwhile in the real world, the company is back to Pink Current, the OS is about to shrink again by over 100 million shares, and revenue's are up 800% in the first quarter year over year.
The boys and girls have turned to a life of crime, just like their leader Schreiber.
The company was able to defeat some really rich and powerful crooks recently in the courts. I can't imagine that they aren't at least partially behind the relentless downward selling pressure.
I agree, I helped hold the line back when the bottom fell out. Now I'm letting others take up the slack.
It has to we should be getting the 10Q very soon as well.
The increased loss was due to the machinations of Schreiber, the impairment of their Tower Hotel assets (Think COVID-19), and their UK pharmaceuticals, and research and development costs.
Look at page F-2
The company paid $118,327 in R&D cost, as well as $464,294 to settle the Schreiber litigation. The company additionally lost $214,675 when it decided that their Tower Hotel investment was impaired (probably because the entire hospitality industry collapsed earlier this year), as well imparing the UK pharmacy, and a consulting agreement.
In total the company lost $797,296 in those one time expenses ($464K due to Schreiber). These one off costs temporarily inflated the company's operating cost, but only for last year.
Thanks for sharing.
This is good news, since as of yesterday there is no existing judgement against the company, but we still have to wait for the lower court judge to hear Redhawk's reply to Schreiber's allegations before his defeat is finalized, and he gets to pay Redhawk's attorney bills and loses the $143K.
The OS has shrunk and will continue to shrink. Facts
Fact is, that by relying on my own DD I figured that the OS increase of 247 million shares was temporary, months ago.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157888308
Not only is dilution over, but the OS is now shrinking.
Of course that is just pure conjecture on your part, 500% increases in revenue have been known to improve balance sheets dramatically. I also think that one reason their past audits happened so much more quickly than this one has been that there was a whole lot less business to audit. The storm didn't help, but I think that it only set this back a few days. It seems likely that increased business is making this audit take longer, more like the 3 -6 weeks most companies with lots of revenue require to do an audit.
Here's another point worth considering, as much as I would rather see the company file on time, there is obviously about to be a blitz of good news in an even shorter timeframe than it would have been if the audit was more timely.
Known positive material events scheduled to happen in the very near future.
1. The 10K will show a 500% uptick in revenues.
2. The 10Q which doesn't have to await an audit will be released by the 15th of November.
3. The OS will shrink by 124 million shares.
It is a known fact that traders like a wave of good news, one concrete positive pr and filing after another. Savvy traders and longs know that a wave of good news is coming, the only question is how big? Will there be surprise good news that we aren't anticipating? Will the rising Covid-19 infection rates and the PPE demand it will create, cause another 500% increase in revenues?
So fear tactics obviously won't work here, scared investors sold last month. While some investors were being driven by fear I was busying buying millions of shares, that is the mentality of most investors who are here. At this point longs and savvy traders have our surf boards already and are now waiting to ride the wave.
Etrade allows normal trading, while Ally investing will not allow traders to buy any stock with a bid below $0.01. So trading rules vary from company to company, and whatever rules the company that you are using has that is currently preventing you from buying SNDD, is just a matter of their internal policies. Their internal rules are not being dictated the content of the 10K as that is unknown, most likely it'sjust the fact that it is late.
Not to mention that the OS is about to shrink by 124 million shares according to the last 8K.
It's important to keep in mind a few facts:
1. Lafayette, LA was hit by a hurricane on the weekend before last, resulting widespread power outages, that lasted all weekend but were resolved Monday evening and Tuesday morning.
https://www.theadvocate.com/acadiana/news/weather_traffic/article_52767944-0b36-11eb-8080-77f595a3bc8e.html
https://www.theadvertiser.com/story/weather/hurricanes/2020/10/12/hurricane-delta-power-companies-work-restore-electricity/5966434002/
2. Anyone who wants to know how this impacted the company, take a minute to call the company at (337)-269-5933. You will discover that contrary to some are saying they are not hiding, if you ask for Darcy Klug he will speak to you.
3. All speculation about never ending dilution is unfounded. In reality there is not any ongoing dilution at present, and according to the latest 8K the OS will soon shrink by 124 million shares.
http://ih.advfn.com/stock-market/USOTC/redhawk-pk-SNDD/stock-news/83418057/current-report-filing-8-k
Just the facts!
I am just waiting for the 10K. I don't have much to say otherwise.
I think that we will get it tomorrow the 15th just like last year.
Great post!
Well, at least we know that we are really close to getting the 10K. So we will all have plenty of good stuff to talk about soon
What a hateful a deceptive personal attack!
I am not and have never been an insider, so your attempt to claim that I am is willful, hateful and malicious libel. It violates not only the TOS agreement that all of us us are bound by as posters but the law.
Nevertheless, I will respond to it so as to prevent the intended deceit from going unchallenged. As a private investor I base by investment decisions on careful research, and an understanding of business, the law and mathematics. Below are some actual facts:
The Form 4 explained the causes of the conversion of preferred shares into common shares. We know that conversion actually occurred so the Form 4 did not lie about what happened at the time. There is no law preventing the company from buying those common shares from Klug. There is also no law preventing the company from paying for shares of one class with shares of another class so your claim that it is illegal in baseless and untrue.
Yep, Schreiber was paid, the 247 million shares were removed from escrow and now the OS will be reduced by 124 million shares.