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How long does it take to complete the extraction facility? That presentation was almost 2 yrs ago. Still that does not answer why they have $315k in inventory and less revenues than last year at $32k for the quarter.
Too bad that once the momentum gets going there is huge dumping.
It certainly would be good to know how much hemp pellets are in demand and if car companies are serious in changing their production to include hemp plastics and when that will happen. A concern is that this paradigm shift in car production may be years away.
Sales of inventory should be able to be done along with installing equipment otherwise they can't walk and chew gum at the same time. Seems counter productive but this will remain a mystery to anyone outside the company.
They have $315 k in inventory and yet are not moving product, what is the reason? Is the market saturated or do they not have a good sales force. Something is preventing sales, otherwise, they would be above last years numbers. Yes, we all want them to win but so far they look like they are stumbling.
Only $32 k in revenues for the quarter and less revenues than last years quarter. What is holding them back from achieving higher revenues? This does not look very successful IMO and is being reflected in the SP. Trying to have patience but not real impressed at this point.
Maybe Nash needs to open up a lemonade stand.
I sent an email to the general company email address but never got a response. Haven't tried calling.
Certainly would like to know if there is market acceptance of using hemp plastics in auto production. This looks like the big factor in the success of the company based upon all that has been discussed thus far. Since hemp is a commodity, price and the ability to deliver will play a part in competition with other vendors. Really would like to see a market analysis of this sector.
Looks like the little increase in revenue didn't move the SP. This is just appears to be going sideways.
Liking the move up today but hitting resistance at .19
Disaster and like many on the OTC a total dog.
Agreed liking where this is, we will see if it holds and a new level of support.
Well, we know this is tied into EMGE. Just have to see how this plays out.
Trying to figure out if this is Nash's ineptitude or if a lot of this is intentional.
Somebody(s) is accumulating. Wonder what they know.
Looking really good $$$
I guess all we can do is scratch our heads and wonder what is going on. Sure seems like they should be producing and selling product.
It seems like the only thing that will move this is a posting of large revenues. Not much interest in the market at this point.
Does anyone here have any insight into what is happening and the legality of moving assets out of the company? Best I can say is it sure stinks.
Can they just take the assets out of CNGT and leave the shareholders holding the bag? Really don't understand what is going on here.
Looking thin on the upside but just not enough volume or momentum. Really need some contracts to move forward.
The way things have been going historically, there probably is not any good info that Nash can communicate; therefore, he says nothing. Wish it was different, we will see with the next Q -report.
ugly here, bleeding out
Nash has shown that he could care less about shareholders otherwise he would have done more in the past. What would make him care at this point?
Really excited where this is going. We have a real beast on our hands.
Patiently waiting for contracts to happen. No idea when they will come about and wonder what is happening in the background. One big factor to stay here is Isiah's confidence and commitment to make this into a big success. He put 3 mil of his own money into this.
Certainly from what has been posted here, to say that 7 million in revenues is going to come out of thin air with no track record is at minimum a stretch. Nash has been so misleading in the past, it hard to think he has much credibility on this.
The bottom line is that current production cannot catch up to forecasted demand between now and 2025.
According to the article hemp plastics are viable but still way off in being an accepted technology. There is already a large amount of hemp in the market so the question is since this is a commodity readily available can OWPC offer a competitive solution and when will that take place? In the meantime, what is happening with producing revenue in the CBD market?
There is always hope that Nash will pull something out of the hat.
Good to see some movement here. Wonder is they will ever address the shareholders. Seems like they could care less about who is holding this.
Sorry to hear about your daughter, cancer is really difficult. I am a cancer survivor but lost my sister in law to breast cancer at a young age and her bother had brain cancer and passed. Also, lost an uncle to brain cancer. It takes so many people. Hopefully, your daughter can survive this with the right medical treatments and surgery.
Welcome movement today but wonder if Nash is still up to the task, only time will tell.
Certainly would like to see a much better scenario since still holding and waiting to see if anyone has insight into how this could play out. They did mention the offering price for shares could be .20 but who knows and this would be after the 40 to 1 reverse stock split. Most of what is said about reverse stocks splits is that they are not good for shareholders.
If they do a 40 to 1 reverse split and then they offer shares at .05 per share, that means the current shares would only be worth .00125 at least that's what it looks like IMO.
Ok, so what does this mean for shareholders of CNGT?
Looks like movement but where is news or any public info?
These types of negotiations can take time hopefully sometime within the next six months major contracts will happen. Just need patience.
Carbon credits revenue would be great but don't they need to sell the products first and begin producing revenue through contracts? Seems something substantial needs to take place.