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So somewhere in Taiwan they will maybe manufacture some objects that either Tmobile or Best Buy might resell? So Tmobile hasn't committed yet so the backup is Best Buy. There's ways Walmart, Dollar General, or Dollar Tree is the first two fail. My hunch is you won't see anything come out of Taiwan.
You also..good to keep things clear. Hope you find FERN one to jump onto.
Emailed CEO to find out about sudden share price jump yesterday. Will share reply if I get one.
Has anyone ever added up how many shares of SRMX Max has issued himself in the form of compensation? Who do you really think will benefit in the end here? He would love share value to go up..he will be uber rich..regardless of any products ever coming out. Pretty smart on his part..or is it sneaky?
Looking forward to the next quarterly filing so we can see if improvements are made or is there more debt, more notes, and more shares issued to Max.
When all the financials are filed and LAHO is current, we will get a good look at who is holding shares and how many. That could put an end to any RS theory also. Have a great holiday weekend y'all.
Just an FYI, 82 acres of hemp will produce about 4.92M in annual revenue, in addition to their existing revenue. They have already begun cultivating 40 acres of the property, so that is 2.4M in revenue. Hemp produces about 1lb of CBD per plant, about $60,000 per acre. Will get anywhere from $25-35/lb for CBD oil respectively. Can't really dispute that. Real question is why is this so far under everyone's radar?
Just to follow up:
From 2017 to 2019, 70 Notes (might be a record)
Used for debt reorganization, voluntary surrender, and cash (Max needed cash, of course he did), and when there's not enough of that..just issue people shares since you can't pay them.
Feel free to fact check it. All in this filing:
https://backend.otcmarkets.com/otcapi/company/financial-report/228839/content
But, still watching to see if SRMX turns things around by the end of 2019, or beginning 2020.
We'll see.
T~
I think I'm going to do some deep digging here and would like some help, so come on over and let's rip this one up and see if it's worth putting some money in here or not. Who's up for it?
I was also looking at GMGI, which I see you follow.
Any hope for this one?
So you posted 4 years ago and not since?
Not sure how this ended up on my radar, but the decline in sp caught my attention and am looking for info on that.
Also, a spike today for some reason and am not locating a reason for that. The last quarterly filing was somewhat "not good" news, so I'm curious.
Chime in..
I can appreciate that DD.
Can you refer to this section of page 9 of the most recent quarterly report filing?
"The oil producers adjust to the price of oil accordingly which affects the entire industry’s sales and profit margins. This has directly impacted Skye’s sales and we took steps to dramatically reduce our costs including laying off all staff. The Company had no payroll in 2019, 2018, 2017 and 2016 and only paid commissions when applicable on new sales generated.
The Company has weathered this long downturn in the oil industry because we are debt free and had inventory available to sell with no fixed labor cost. Skye has been aggressively pricing its products to gain market share and increase its presence in the industry. During this time Skye has been dependent on small market chemical distributors to sell our proprietary products. We do not have a direct sales team"
Still want to back up your claim there were no layoffs?
They're using small market distributors to sell the Skye Chem WD-RTU
Pretty much nailed it there. I would think they'd be looking for an acquisition offer.
Can someone please address what the company plans to do to to get the shell warning removed from the OTC site? Apologies if that's been addressed already as I did not scan down all the posts here.
https://www.otcmarkets.com/stock/COHO/overview
TTC$ has the same warning, but just PR'd about addressing and getting it removed.
Thanks,
T~
Also recent news posted:
https://www.otcmarkets.com/stock/SYATF/news/Siyata-Mobile-Closes-3MM-Strategic-Private-Placement?id=238845
3M contracted sales is big.
Conference call coming up:
Details of the conference call:
Date: Tuesday, September 3rd, 2019
Time: 9:00 a.m. Eastern Time
Toll-free dial-in number: (866) 521-4909
International dial-in number: (647) 427-2311
There will also be a playback of the conference call, available in MP3 format by contacting investor relations below.
Investor Relations:
Arlen Hansen
Kin Communications
1-866-684-6730
SIM@kincommunications.com
I haven't dug much up on that either. Recent filing indicates they laid off all their sales team (everyone basically) to save expenditures during reduced sales. Not sure what the plan is here. Most likely hoping someone acquires them or they file for a patent? Anyone who knows chime in.
Seriously..100M smacks every day at the bell..
I'm still holding my entire bag (and it's very heavy and full) of shares from .0005
Holding out for gold
Good to know. Thanks
But not in a PR
Anyone count or total up the number of loans SRMX has listed in their last filing? Might wanna look at that. Pretty staggering. Then zero revenue to pay them?
Not looking favorable at this point, but I'll hold out for news.
Finally addressing the shell risk flag on the OTC with that news today. That will bring more eyes here.
I'd look for news update on Tuesday 9/3, and app release next day, IMO
What makes you think that?
https://www.facebook.com/globalstemcells/
Newbies, sign up..follow news
Day #2 FERN #1 on BoB:
https://investorshub.advfn.com/boards/breakoutboards.aspx
All of yesterday's despair about dilution turned into smiling faces scooping up bargain shares. I still believe the right side of the teacup will take shape the next week or two, IMO.
In reading their most recent filing, I see they have developed a way to reduce buildup in the transfer process, but I also see where they have laid off their entire staff. Currently 2 employees. Is anyone else concerned about profitability here? Yes, they have cashflow, but decreasing sales. Any information you have is helpul as I just laid eyes on this today.
Thanks,
T~
I missed your daily check in at the green close yesterday.
Do you still want to revisit this post? Maybe reconsider that the content of the post is about 2600% wrong? Or 99.9% wrong.
I think you've accepted the fact that the merger is happening between LAHO and GSCG, and you quietly watched from the sideline yesterday as this blasted through every attempt to hold it down.
I wonder what today will bring. IMO, I bet it's the color green. Just get on board and make some money already. The 00.1% chance is looking pretty good about now.
Best of luck either way you decide.
T~
Well if that isn't the definition of calling someone out for flip flopping their stance I don't know what is. Glad that wasn't me.
I'm still waiting and watching SRMX to see what develops.
The few that praised this the most are the fastest to turn against it. Are you sure you are patient enough for OTC stocks? You could go find some low risk ETFs if not.
Be patient people. Give this CEO a shot and see what PR he has coming. Releasing fluff news will mean nothing without product. I saw enough of that over at $RMX.
FERN has just over a week to launch a betting app in time for NFL season. Tick tock...
I've seen so many throw everything they have at one ticker and then when the floor falls out..life shattered.
Diversify, Diversify, Diversify. This is just a bump in the road. I agree with what you said, however. Be comfortable with what you are willing to lose.
The CEO seems like an upright guy. But do any of us really know him?
We'll see. I'm holding out either way.
and #28 on Most Posted Board. Eyes are on this for sure. Let's not all bail on FERN because of a drop. Stronger hands here than that I thought..
hit no.1 on Breakout Board today:
https://investorshub.advfn.com/boards/breakoutboards.aspx
Not uncommon to see this right before news release. Someone (Fernhill employees?) want to load big at low prices. What better way than for MMs to pound it down so they can do that? IMO
FERN back on the BoB
Pretty soon, when this is at .0001, you can really load up!
Put this one on your radar..there's more news coming..