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But with the recent heavy declines in the USA stock markets as a whole (not just OTC stocks in general, as well as large declines in various vegan stocks, it seems to me that conditions effecting the stock markets will likely cause KOMOF to fall considerably further, despite Komo's rapid percentage growth rate in sales. I now think KOMOF will very soon reach a "stinky bid" price of $0.08/share and I think it could easily reach $0.07/share (USD) within a month or so.
Though I had intended to no longer state my trades in KOMOF, I am now stating the following because I am worried about the massive mounting losses I have in my cumulative trades of Komo's stock.
I am very discouraged at this point, since my cumulative KOMOF trades (including my current unrealized loss) is nearly a loss of 50% (because I bought shares at $0.179/share in early November 2021, though I sold those at about $0.14/share and bought them back at about $0.12/share). It also because KOMOF recently had a number of trades at about $0.85/share and I thus now think KOMOF will soon drop to $0.08/share - and very possibly later even go below $0.08/share. I wish I had not paid more than $0.09/share for Komo, but my optimism at times caused me to usually pay more than that. During the past few days I have been trying to sell shares at about the Level 1 asking prices or higher (I don't accept the bid prices), but with virtually no success thus far. If I do succeed in selling the shares at a typical asking price or higher (namely above $0.0900), I might buy them back if the stock drops below $0.08/share.
The findings of that study are amazing. Due to research (about longevity benefits) I did in about the year 2000 I wanted to become a vegetarian back then, but it was too hard for me to affordably convert to that back then, despite very tasty plant based substitutes (such as Gardenburgers and Boca Burgers) existing for animal meat back then. Starting about two years ago I became much closer to being a vegetarian, in part due to my greatly increased ability to cook tasty vegan (and non-vegan vegetarian) meals and due to the greatly increased choices for vegetarian (including vegan) substitutes for meat.
I am astonished that VGFC stock fallen even much further from where it was in mid October. The products on their website look very tasty.
The consultants were probably Mr. White and his wife, since in one of the financial reports such is listed. That report (in its notes) said Mr. White got paid by Komo as a consultant, and for other services, not just as the CEO. On second thought since the press release said it pertains to debt conversion, probably other people are meant as the consultants.
But what do you think is the cause of the extremely low daily volume? https://ih.advfn.com/stock-market/USOTC/komo-plant-based-foods-qb-KOMOF/stock-price says that the total USD volume of shares traded last Friday was only $15,804, and that at 15:58:15 ET only 31 shares traded. The spread between the bid and ask is oftentimes one whole USA cent (or even larger), which at current prices amounts to about a 10% difference in price.
Do these statistics indicate very low current interest in the stock? Or, do they perhaps indicate that those owning the stock are unwilling to sell their shares cheaply and those wanting to buy the stock are unwilling pay a lot for shares?
Aren't the investors who got in early by investing in private placements and warrants, rather than buying shares in the market (the exchanges and the OTC Marketplace), a type of smart money investors? Doesn't their action of getting in when the price was less than 10 cents/share and later selling before the big drop from 30 cents/share (if that is what they did) very smart of them?
But, you make a good point though of smart money investors "would not sell three months after a startup announcement and certainly not with the news stream we have had", if by smart money investors we mean ones who make private investments for the long-term rather than buying publicly traded shares. It seems to me though it is investors with lots of money (relative to most retail investors) who bought at a low prices (and perhaps in the process bid up the price rapidly) and then sold on the news when the price was relatively high. Such investors were smart in their short-term timing, and perhaps they have moved on to some other stock that they think will have some sudden surge in price.
Here is another idea. Maybe the ones who profited nicely from the run up from 6 cents/share to 30 cents/share were executives (but not Mr. White) at the former FastTask company who were looking for a buy out target to make money, before they decided on a reverse merger by Komo. Maybe they held their shares (ones converted to Komo shares) just long enough to make big money and then get out of the investment.
It looks like the daily share volume of $KOMOF has returned to the level of mid August through September 7, 2021, but with the current price being significantly higher than back then.
Correction: Where I said '... (share volume surge ...) I meant to say ".. (and share volume) surge ...".
Besides what I said in my prior post, other facts which might be adversely effecting $KOMOF's stock price are the high inflation rate in the USA and the specter of rising interest rates in the USA.
I think the key to understanding the stock price (share volume surge of September 2021 and the subsequent decline of the stock price (and share volume), is by taking careful note of the press release of September 14, 2021. [The other press releases from September onward seem to have had no sustained upward impact on the stock price. But, the press release of September 8th, 2021 had some initial impact and it set the stage in high expectations which arrived with the press release of September 14, 2021.] The press release of September 14, 2021 is highly correlated with the surge of the stock price in mid September. I think people and institutions (maybe primarily the latter) bought stock in September in the expectation of Komo's products entering USA physical stores very soon (or in knowledge that small retail investors would have that expectation). I then think the smart money investors began selling their shares in late September knowing that it will take at least several months before Komo's products would be in a substantial number of USA physical stores.
The press release says in part the following. Komo received authorization to 'export Komo Foods to other countries, including the United States. ... "The US market represents a huge market opportunity for Komo and we are excited to move forward with aggressive U.S. expansion," says Komo Plant Based Foods CEO William White, .... Komo ... is now in discussions to secure U.S. sales representation.' But, thus far other than the one USA online retail store Komo's products are still only in Canada.
Correction: I should have wrote "UPS Air-1 Day" instead of "USPS Air-1 Day". Due to shipping costs from online sites, I guess I will wait till Komo's products are in a store in my neighborhood before I buy any of their products.
Unfortunately the cost to ship to my address is at about least $29.99 (plus cold pack charge of $6.99 minus coupons for volume purchases) - the shipping options are for USPS Air-1 Day and UPS Air-2 Day. I thus haven't placed an order.
I now see Komo's products listed available for purchase on the GTFO site for people in the USA! Yeah! See https://gtfoitsvegan.com/brand/komo-comfort-foods/ .
Your calculation is correct and you made good points. I'm thinking I probably should still avoid buying back ASTI.
The fact that there are more (or larger) sell orders than buy orders might mean that those of us who are buying shares have an enhanced opportunity to buy at nice prices.
I anticipate that it will show a big percentage increase in revenues.
When you and others write of the money Komo spent to go public, do you mean the price Komo paid to acquire Fasttask Technologies Inc. (which was a publicly traded company) which resulted in Komo becoming a public company (listed on a Canadian exchange, a German exchange, and on the OTC Marketplace)? I notice that https://www.marketscreener.com/quote/stock/KOMO-PLANT-BASED-FOODS-IN-67010531/news/Komo-Plant-based-Foods-Inc-entered-into-a-binding-merger-agreement-to-acquire-Fasttask-Technologies-33532996/ said Komo "entered into a binding merger agreement to acquire Fasttask Technologies Inc. (CNSX:TASK.X) for CAD 5.6 million in a reverse merger transaction on February 1, 2021." $5.6 million (CAD) roughly equals $4 million (USD) so maybe that is what you and others are referring to. Is that the case? In the financial statements I had been looking for an expense of about $4 million USD (and not finding it), instead of an equity purchase (investment) of about $4 million USD.
It looks like (to me) that the purchase was mainly paid in the form of stock (and other securities) instead of in money.
PR: "Komo Plant Based Foods to be Available for Online Purchase Across the United States through GTFO It’s Vegan"; see https://ir.komocomfortfoods.com/news-events/press-releases/detail/79/komo-plant-based-foods-to-be-available-for-online-purchase . The text of the PR is as follows [I added the boldface].
Komo Plant Based Foods to be Available for Online Purchase Across the United States through GTFO It’s Vegan
January 25, 2022 6:00am EST
Download as PDF
VANCOUVER, BC / ACCESSWIRE / January 25, 2022 / Komo Plant Based Foods Inc. (CSE:YUM)(OTCQB:KOMOF)(FRA:9HB) ("Komo"), a premium plant-based food company, is pleased to announce that it will soon be available for order online throughout the United States through GTFO It's Vegan, a progressive online vegan market serving consumers across the U.S.
Komo received a purchase order from GTFO and plans to ship its first pallet of Komo plant-based comfort foods to GTFO headquarters in California this week. Consumers across the United States will soon be able to order, for home delivery, all of Komo's frozen products online at GTFO It's Vegan.
"We are very excited and grateful to be the first to launch Komo Comfort Foods into the U.S. market. We are confident Komo's innovative line of great tasting heat and serve meals, including Lasagna, Chickenless Pot Pie and Shepherd's Pie, will quickly become fan favorites for GTFO It's Vegan customers," says Marc Pierce, Co-Founder and CEO, GTFO - It's Vegan.
Recognizing the rapid growth of the plant-based market, GTFO It's Vegan launched in 2020 to appeal to the needs of all individuals seeking a more healthy lifestyle. This extends well beyond vegans and includes vegetarians, flexitarians, athletes, and those with diet allergies and sensitivities. GTFO It's Vegan tries all the products it sells to ensure they meet GTFO's taste, texture, scent, appearance, and packaging standards to sell to its community of tens of thousands customers enthusiastic about vegan and plant-based foods.
Komo first launched its product for direct-to-consumer sales in Vancouver, British Columbia, Canada in March 2021 through its eCommerce platform and has received over 200 five star (out of five) reviews from its online consumers, as seen on its website at www.komocomfortfoods.com.
"We are so excited to soon have Komo Comfort Foods available to consumers across the United States through GTFO It's Vegan," says Komo CEO William White. "At Komo we believe plant-based eating is the future and change can start with a single bite. Being on the GTFO eCommerce platform will further our mission to help make plant-based meals a staple on every dinner table."
About GTFO
Launched May 15, 2020, GTFO It's Vegan has quickly emerged as a leading player in the online vegan grocery market, delivering vegan food across the United States. GTFO strives to be the destination for everything vegan, for everybody, everywhere, to help ensure the sustainability of people and the planet. To learn more about GTFO It's Vegan, visit www.gtfoitsvegan.com or email support@gtfoitsvegan.com.
About Komo
Komo Plant Based Foods Inc. is a premium plant-based food company that develops, manufactures and sells a variety of plant-based frozen meals that are always hearty, satisfying, and made with wholesome ingredients. At Komo, our mission is to help make plant-based meals a staple on every dinner table by sharing our love for feel-good food that connects the people to the planet. We believe plant-based eating is the future and - Change can start with a single biteTM. Our experienced plant-based innovation and development team recreates vegan versions of traditionally cheesy and meaty classics, with 100% plants. Komo's products are sold direct-to-consumer through our eCommerce website and a distribution network of online and brick and mortar grocery, convenience and natural retailer channels. Our operating subsidiary Komo Comfort Foods launched in 2021 with our flagship products: plant-based Lasagna, Shepherd's Pie and Chickenless Pot Pie and has recently launched a new line - Komo Plant-Based Meal HelpersTM - versatile meal starters to allow the creation of many dishes at home. All of our products are 100% plant-based, made with wholesome ingredients, free from preservatives, and frozen for freshness. Freezing products is a natural and effective way of keeping food products for longer without having to use any preservatives. Komo's meals have a 1-year frozen shelf life. Komo also sells hot ready-to-eat meals in Metro Vancouver through Uber Eats and Skip the Dishes.
Learn more at: www.komocomfortfoods.com and follow on Instagram: @komocomfortfoods
For further information, please contact:
William White, President & CEO, Komo Plant Based Foods Inc.
will@komoeats.com
1-866-969-0882
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this news release.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or Komo's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Komo's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, Komo's product development plans, its ability to launch its products on food delivery apps, its ability to retain key personnel, its revenues, and its expectation as to the acceptance of its products by retailer stores and consumers constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Komo disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
SOURCE: KOMO Plant Based Foods Inc.
View source version on accesswire.com:
https://www.accesswire.com/685319/Komo-Plant-Based-Foods-to-be-Available-for-Online-Purchase-Across-the-United-States-through-GTFO-Its-Vegan
Released January 25, 2022
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I wonder who BD1 is selling their shares to.
But, the image in the PR says Komo (not Cornerstone) is the one who appointed Staci and https://www.stockwatch.com/News/Item/Z-C!YUM-3191923/C/YUM says "Komo Plant Based Foods Inc. has appointed U.S. sales agent Staci Owens". Probably Cornerstone (as a contractor for Komo) allowed Komo to decide who would be appointed to the position, since Cornerstone and Komo are working very closely together in regards to generating sales for Komo. I guess I won't post anything further on this matter.
Update/Correction: Yes, of the four choices you list it is obvious it is number one, but I still wanted to know the specifics of which company she is an employee of. I usually don't thoroughly read the sections of the Press Releases which give a description of the businesses that Komo is doing business with. But now in carefully reading the "About Cornerstone Sales" section I see my answer is there. There it says "Cornerstone Sales will oversee U.S. expansion from the Denver, Colorado area." In addition it says "Joining Cornerstone and Komo Comfort Foods in the U.S. is Staci Owens, Regional Sales Manager - U.S. for Cornerstone Sales." That latter sentence tells me that Staci Owens has been newly hired by Cornerstone (or perhaps been promoted within Cornerstone from being a U.S. sales agent) to being the "Regional Sales Manager - U.S. for Cornerstone Sales" [which is also a new position at Cornerstone] and that in that role she has joined Komo in the sense that she also become a contracted worker for Komo. I thus now have the definitive answer to my question.
One thing which has me puzzled is the "appointment of U.S. sales agent Staci Owens at Cornerstone Sales". Is she now an employee of Komo and no longer an employee at Cornerstone Sales, or is she still an employee at Cornerstone Sales but also now under contract for Komo "to develop Komo's retail expansion throughout the United States"? The PR at https://ir.komocomfortfoods.com/news-events/press-releases/detail/75/komo-plant-based-foods-begins-united-states-expansion-with seems to imply she is now an employee of Komo, yet it doesn't actually say she is now an employee of Komo. Furthermore, it not something new for Komo to have a business relationship with Cornerstone Sales. It seems to me she is not a direct employee of Komo, but has simply been contracted by Komo to develop Komo's entrance and later expansion into the USA market, and to "launch a sampling program targeting grocery chains in the Western U.S. and will develop and oversee sales broker coverage for retail sales across all regions in the U.S."
You appear to be right about that, since I notice that the FORM 4 filing by BD1 Investment Holding, LLC for yesterday says (if I understand it correctly) that BDI "... entered into a purchase agreement to sell and assign a portion of an unsecured convertible promissory note ..." at face value. Face value is only $0.0001/share, if I am understanding the document correctly.
The form says in part the following. "1. On January 20, 2022, BD 1 Investment Holding, LLC ("BD1") entered into a purchase agreement to sell and assign a portion of an unsecured convertible promissory note equal to $1,000,000 in principal amount for a purchase price of $1,000,000. Following the transaction, BD1 owns two unsecured convertible promissory notes with principal amounts of $7,740,000 and $160,000, convertible at any time into 79,000,000,000 shares of Issuer's common stock at a fixed conversion price of $0.0001 per share. This joint filing on Form 4 includes Mr. Johannes Kuhn and Mrs. Ute Kuhn who are the 100% indirect owners of BD1."
The document also says that the number of Beneficially Owned shares of the derivative Securities which were disposed of was 10,000,000,000 shares (and 10,000,000,000 shares times $0.0001/share equals $1,000,000). The document says this leaves BD1 with 79,000,000,000 shares Beneficially Owned of the derivative Securities. The document also indicates that the total principal amount of BDI's remaining securities is thus $7,900,000.
That was a nice move back up (on relatively high volume) near the end of the session, to close at $0.1207/share.
I don't think TubeSolar is manipulating ASTI's share price.
TubeSolar can't sell significant percentages of their shares (not even as little as 5% of them) on any given day without driving down the price of their remaining shares tremendously (in percentage terms), since the daily trading volume is way too low to absorb such sell orders. For example, if TubeSolar placed an order to sell 5% of their shares of ASTI the number of those shares would be many times higher than the average daily share trading volume of ASTI. The bulk of TubeSolar's shares are thus trapped.
Please note the following. In today's chart there is a volume spike of about 5 million shares, but at a price of only $0.003/share, that amounts to only about $15,000. If TubeSolar tried to sell 100 million shares in one day the market could not absorb it, unless the price per share dropped to well below $0.001/share.
Yesterday I was surprised that $KOMOF stock dropped to 11.6 cents/share intraday. Today I am surprised that it dropped to about 11.0 cents/share intraday and that it spent a high percentage of it time today at about 11.6 cents/share. However, I look forward to great news by Komo.
I think you are right about the $0.002s, but I think one big reason for the ongoing decline in the share price (since the 2-year peak price in February 2021) is the same reason why the other green stocks are falling (at least for the ones which I monitor) - namely the news reports about the increasing difficulty (and the increasing unlikelihood) of getting the Build Back Better legislation passed. A number of such stocks are now trading below where they traded on November 20, 2020 and that says something. It says not only that they ran up tremendously in anticipation that major legislation favoring green energy would pass, but also that later they erased those gains as difficulties mounted in passing such legislation.
Thanks for stating your views. Personally I don't think it has to due with exchange rates, nor with the trading prices on the OTC having to be in accordance with the prices of "the parent stock exchange" [such as on the Canadian exchange(s)]. They are separate market places and thus don't have to have the exact same prices, but when there are price differences between the two market places people can place orders to profit from arbitrage opportunities. They can for example buy on one exchange (such in on a Canadian exchange) and sell on a different exchange (such on the NYSE, if it is listed there).
I think that most likely something shifty is going on. Here is one reason. I remember that many months ago that I read that someone with Level 2 access (or possibly better access) to quotes posted a comment (on a board for a different stock) that he saw his order disappear from the quote system, and I think he also said someone else's order appeared (at least temporarily) in place of it. To me, it looks like someone (or some institution) is temporarily removing some of the orders of retail investors from the quote system shortly before closing time (and possibly at other times also), and then placing them back on the quotation system after the first one minute or so of trading during the next trading day. I also think the entity is posting their own orders right before closing time to increase (or manipulate) the volatility of selected stocks and/or to make person profit. Perhaps the entity is one which is paid by brokerages to process order flow.
There is something very suspicious with the closing bid and ask for $KOMOF. A number a times when I have had an open buy order I have noticed that at closing time the closing bid (supposedly the highest bid at that time) is lower than my bid. Likewise a number a times when I have had an open sell order I have noticed that at closing time the closing ask (supposedly the lowest ask at that time) is higher than my ask. The closing bids and asks are the numbers reported by both the brokerage account's website (which I use) and https://ih.advfn.com/stock-market/USOTC/komo-plant-based-foods-qb-KOMOF/stock-price, thus they are official quotes.
What is going on?
I did not say there was no organic growth. I know there was some organic growth, and the press release says there was some. I said (or implied that) the vast majority (not all) of the growth was from acquisitions instead of organic growth.
I think the latest quarterly report does show dilution, due to Komo issuing shares in private placements. Note the Loss report on page three of the statement where it says "Loss per share, basic and diluted". However, I don't see a line item called "diluted shares" so maybe there isn't any dilution yet.
I notice that you are correct in saying "it has been more sells than buys", at least in regards to me noticing that the share volume for Ask quotes for $KOMOF has exceeded that of Bid quotes for the past few weeks (at least during the times I checked). However, at some point the share volume on bids will exceed that of Asks.
Congratulations to those holding $SIRC today! [Disclosure: I haven't owned it for months.] Today there is a very nice stock move which I wasn't expecting. The press release today is very nice!
Something should be kept in mind though. After companies have bought out other companies, in subsequent financial reports the sales history of acquired companies becomes included in the sales history of the acquiring company. From that perspective SIRC's stated revenue increase of 946% is greatly overstated (or misleading), since it was mostly due to SIRC having acquired numerous companies. As a result the percentage increase of the revenues of the combined companies (the new SIRC) hasn't grown nearly as much as the 946% stated in the press release. To SIRC's credit however, the press release does mention that SIRCs "rapid pace of ... acquisitions" was a factor which "enabled [the] incredible record revenue achievement ...."
Yes, Mr. White and Ms. White, in the business now run by Ms. White, got their health products into Whole Foods.
Thanks. Because I'm normally busy working when the market is open, it wasn't until a moment ago that I noticed something I think is very significant in Komo's most recent press release. It is the sentence which says "Komo is now focused on expansion to the United States." They are now shifting their focus from expanding within Canada to expanding to/into the USA. Their products thus might enter some USA stores quicker than I thought when a made an earlier post this morning. I now suspect that Whole Foods Market retail locations will be Komo's main entry in the USA market place.
The news about Komo entering all of the Western Canada retail locations of Whole Foods Market is great news, but I am surprised that in Western Canada that Whole Foods only has 7 locations. I am also surprised that 6 of the 7 locations are only in the the greater Vancouver area, though the seventh location is in Victoria on southern Vancouver Island. But, regarding Whole Foods Market's locations in Canada perhaps that is understandable since it is headquartered in Austin, Texas, USA.
It seems to me that Komo's presence in retail store locations are still almost entirely confined to Vancouver, B.C., Canada (the city in which $KOMOF is headquartered) [though Komo is in some locations in Ontario, Canada]. I thus think it will take many months before Komo will be in the USA in more than three Northwestern states. I had been hoping that the expansion into (and then throughout) the USA would be taking place at a faster pace.
$KOMOF stock moved up nicely early this morning.
Thanks for that information, but I want to make sure I understand it fully so I ask the following questions. Are you saying that for all (or most) OTC companies their quarterly financials are always unaudited? Are you saying there is no OTC requirement for OTCQB companies to have their quarterly financials audited? What about companies that trade on the NASDAQ?
Personally I have greater confidence in the accuracy of financial reports when they are audited, especially when the reports are of OTC penny stock companies.
In a couple of posts you mentioned that a considerable portion of Komo's net income loss was the expense to take Komo public. Please tell me which report states such, and the section or the page (if you recall) where it is mentioned? I have have read portions of various financial statements of Komo, but I have not read them in their entirety and I don't recall reading that information. Thanks.
Think what you wish; I am done with justify my posts and stating my stock actions to others. I simply made a balanced fully accurate statement about the audit status of the financials, stating both the good and the bad.
Their most recent interim quarterly financial report is unaudited, though it says that management approved the report. The report is for the period ending in October 2021 and it says it has not been audited by Komo's auditor. However, Komo does have at least one audited financial report.