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How does he plan on getting the current value over .005 in order to make this deal worthwhile to investors who buy the 1 billion shares for .005...if he cant then this deal is pointless, no one will buy into the offering.
Sam or Maz can either of you offer an opinion on how Orie plans to get people to pay 5x more for this company than what its currently trading. This is not a bought deal financing...there is no bank lined up. This is an offering to the public. I've made my money on the big boards through investing in undervalued companies and holding long. I'm not familiar with otc company tactics. To me this seems like a desperation move to try and raise money outside of toxic lending which is good however, this just brought up a lot of red flags. If he would have offered it at current value or even .0008 it would be more plausible. But when you file and try to raise money at 5x more than the current SP something is amiss.
On that website it says pbya entered a LOI on 27 Nov 17 to acquire vysion... anyone know anything about this.
Getting burned to the tune of $200k+ in ANDI has taught me not to take things at face value. I'm still in this company but I dont lie and exaggerate to make money on others misfortune. The biggest issue I have with this news is who is going to pay 5x more for common shares of this stock. How is Orie going to find buyers for this 1 billion shares a 5x premium to what its trading for on the open market.
My personal opinion is Orie is about to drop a reverse split on us in order to get the SP above .005 so that it will be worth paying .005 for in this public offering. That is the only way he is going to get anyone to buy into this offering at 5x current SP.....f@%%##%$$%.
Basically the below statement says that whoever pays .005 for the stock will immediately lose value to .0031 because of the current OS of 1.9 billion....what the heck is going on here...
"If you purchase shares in this offering, your ownership interest in our Common Stock will be diluted immediately, to the extent of the difference between the price to the public charged for each share in this offering and the net tangible book value per share of our Common Stock after this offering".
After reading through the entire thing again...something doesn't add up. No one is going to pay 5x more for a stock over what its currently trading for. Why would I pay $5 million for 1 billion shares instead of just buying them at the current price and only paying $1 million. When this ran to .002 there were close to 1 billion shares traded, so the shares are out there and can clearly be bought for less than .005. So how does Orie plan on getting people to pay 5x more for the new shares.
Exciting times here, however there are a couple of things that might slow down the excitement. First it clearly states that Orie is the only employee, second it says the money will be used for adding employees, $300k for waste management improvements and the remainder for future acquisitions. There is no current acquisition. Next the offering is for 1 billion shares at .005. Who is going to pay .005 for a company that is currently trading for .0009. On top of that the shares will be added to the 2.1 billion shares out currently. I'm one of the biggest holders here but this is odd. I hope the price skyrockets but I'm also a realist.
To put it in perspective a SP of .20 cents would give us a MC of $20 mil and have PBYA trading at 1.25 x rev. So even at .20 it is still undervalued.
If the OS is around 100 mil then our current market cap is $2.2 million. The FY18 projected rev is $16 million. That means we are not even trading at 1x revenue. We are extremely undervalued.
Because some guy read it...then got on here and announced that he sold 500k shares because of it...lol...to each their own.
The AS doesn't affect the SP nearly as much as the OS. At 500 mil a 20:1 would decrease the AS to 25 mil. And guessing that the current OS is roughly 100 million that would decrease to 5 mil. While increasing the share price to only .50ish cents. Once again it would make no sense to do an RS at this price and the current low OS. That is why they put the "at their discretion" disclaimer.
When the 20:1 reverse split was proposed the SP was much higher than it is now. Most likely they were looking at a RS in order to uplist to a big board. Since that time PBYA has uplisted to OTCQB. Also, in the filling it says management can do a RS at their discretion. Not that it was "definitely" going to happen. At the current SP a 20:1 RS would do nothing to benefit the company in anyway. It would reduce the OS but only increase the SP to roughly .50 cents which still wouldn't meet any of the big board requirements. So rest assured there will be no RS.
Let's keep that ASK thin today...and move on up.
PBYA is getting ready to explode up 20% on 3 mil in volume...low float
PBYA up 15% on 3 mil volume, getting ready to explode.
It's time to start buying.
Nice, the MM's are walking it up.
I've added another 200k...we need to keep this moving up.
Looks like they are going to drop the Q on Monday. May be a smart move...get the FOMO going all next week.
The last two hours of trading were mostly buys. Great day.
Really interested to see this Q. I want to see how much was added to the OS. That will let us know why all the shenanigans during these last two weeks occurred.
Well, I just added 250k today so here's hoping that the financials get the SP moving up.
It looks like the note selling has ended. Now we just need some buyers.
The PR clearly states that that COHO increased the AS in order to have the financial means to acquire more companies. Orie stated that they had a couple of companies that they wanted to require but couldn't raise the capital in time to get them. Therefore he is increasing the AS so this doesn't happen in the future. They are not taking on debt to pay bills.
There is absolutely no way the float is only 2.6 million. Over 60 million shares have traded hands over the last week. Float is more likely around 30 to 40 million. Until they release the Q we won't know for sure.
And there is no further need for toxic lending because COHO is profitable...
Read the Q again...that note was already converted into 194 million shares and won't enter the market until Jan 2019. After that there is zero toxic notes.
I have multiple times...and those loans are clearly stated in the financial statements as being paid on and are current, and the sum of those loans are not more than the company's current assets...so once again where is this "deficit" that McThompson is referring to.
I know all about how overvalued Tesla stock is. The difference is that TESLA doesn't dilute their shares to pay the bills. So the stock has minimal selling pressure. I think PBYA has a great future but until we get get more people on board to buy up all the new shares entering the market then we stay around this price or go lower until the dilution stops. It doesn't matter how undervalued this company is.
To pay the bills...aka operating expenses. Even though they are bringing in a nice amount of revenue they are still running a deficit. So they have to dilute to keep the doors open.
Not sure what you're getting at. COHO made a "net profit" of a little over $9k for the 6 month period ending 30 June. That is after they paid all businesses related expenses, including debt. So what liabilities are you referring to that are causing this deficit you are talking about.
If you can't read in the financials where they made a net profit of just over $9k then you are going to lose credibility with all your other calls....Slayer out...lol
1.20 cad EPS
Currently trading at 3x revenue
Most profit company in the hemp/weed sector
$30 mil rev in the first 6 months of 2018..
Best play in the otc
I'm still holding and actually added more at .015, but the price action is showing clear evidence of notes entering the market, and no they don't have to tell anyone that notes are converting. The only way to truly know is to get an updated OS count from the TA. And Vstock does not refuse to disclose share structure unless they have been directed to by the respective company. The last Q showed an increase of 20 mil shares. I'm betting this Q will show the new OS to be around 100 million. Which would still put our MC under 2 mil. But once again it's hard to increase the SP in the face of dilution. As soon as it stops it should fly.
All I have to say is the EPS is 1.20 CAD...most profitable company in the hemp/weed sector
Yeah I'm just being conservative. $120 SP would give it a MC of 2 billion at a multiple of 32...still crazy low compared to other similar plays....we have come across a goldmine here.
I'm loading the boat tomorrow.
Mountain goat on jet fuel...that is something I would pay to see...lol
With the revenues and the CBD hype currently going on in the U.S. and Canada this could easily see a 1 billion dollar MC which would give it a $60 per share price tag. Even at that MC we would only be trading at a multiple of 16. Most of the big CA weed companies are trading at a 40+ multiple.
If the rough guess on the amount of shares in the float is 30 million then that means the entire float traded hands on Friday with buyers all the way up to .06ish. From that point it has done nothing but take a nose dive for three days straight with roughly 40 million shares trading hands, so unless people are buying high then selling for a loss and then buying in again and selling for more of a loss then the price action clearly points towards dilution. The endless supply of shares being dumped on the bid supports this....we'll see when the Q comes out. I'm down $14k currently.....