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Some awesome DD here now. I tried contacting these guys a while ago, every point of contact was a dead end. A lot seems to have happened
Joe Kelly of fulfillment partner On Site Construction sounds like the real deal, with a resume of some of the nicest property in Sag Harbor NY and $400MM of real estate. MTPP’s creation of Capital Fund LLC means $75MM is raised separately, protecting it from dilution
They’re invested into warehousing and logistics operator HQXpress. They’re also invested into developing AI based software to facilitate real estate services
The website looks great, all the filings are up on NVSOS. Looking like it has massive potential now on a small share structure that hasn’t changed for years
10MM shares added to Restricted last night. Available inside ownership slightly higher than public float now
412,000 shares traded today, not stagnant. The majority were blocks bought off the Ask. Most blocks made available between here and 0.03 have been eaten up fast
$YGMZ Mingzhu, company’s within the Nasdaq of which YGMZ is, excuse my grammar. KAST’s address is in the Baidu $BIDU building, not sure of any association beyond that
He was CFO for Mingzhu Holdings, Financial Director of their Freight Industry, corporate accountant for ERI Management and an accountant for St. Plum-Bossom Press before that. Probably why their most recent reports are so comprehensive. It sounds like he has the experience to know if things are in order
Big RSI divergence on the daily between now and start of March low, also end of November low. Shell badge came off on the 24th. A couple hundred thousand Ask turned into a bid @0.017 today. Zero dilution and they removed 5mil off the Unrestricted. New CEO is involved with Nasdaq companies. This has all the ingredients and it’s never really caught the full attention of the market. There’s a 300% gain before real resistance even right now
If everyone hates a stock it usually means most all the sellers are out and the path of least resistance is up. You might get diluted on, true of many OTCs. It could be delisted, diluted, moved to EM etc. This is a one legged horse right now for sure, but a lot of people are aware of this ticker, and that SS can make huge gains. Will it before they turn the tap on? Who knows
Don’t risk more than you can afford to lose. Whatever happens will likely happen when no one expects it. It is what it is.
This is now one of the smallest share structures in the OTC. There have been some big bounces in this before, it went from 0.0049 to 0.03, with hundreds of millions in the float, any OTC is about timing. If they lay off the dilution for a minute, any instance of volume can move it a long way. There’s also a drop down from those who sold immediately when they announced the RS, there may not be many sellers now. The market cap is 100k and the float is 900k. That’s outrageous. QMEI for comparison hit $3 on a recent burst of volume from .20
Share structure remains unchanged, unrestricted is high, obviously not needing to print shares to raise money. The drawdown into Christmas took down a lot of low floats, lot of uncertainty being projected into 2022, but if News doesn’t explode I guess people sell it. Anything can happen at any time, Shanghai Steve must have all kinds of shares by now :)
Finding it’s way back to its previous middle ground, this can run a long way. They have no need for dilution financing is from their parent company RxMM health in Australia. They’ve kept everything in the share holders best interest
Someone got itchy feet and bid whacked, the fear was strong all around today. Still actual news to come here
Attention pop, under VWAP now, oversold again. This was the previous base line before the run into Christmas drawdown. Similar situation to EGDD which had a pre-news pop, then went really nuts on actual news
Pink Current as CEO promised. SS almost identical to ELEK but less than 1/10 of the market cap, branching into battery solutions. No debt, wide spread suggest shares locked up, under VWAP
On Monday legislation to legalize marijuana federally is being proposed by US Rep. Nancy Mace of South Carolina
https://mjbizdaily.com/south-carolina-congresswoman-mace-to-unveil-federal-marijuana-legalization-bill/
Goldman Sachs just increased their Tilray position 200%, if the tide turns for MJ this is a huge opportunity
Man this can explode at any time. Moves so fast
Successive bullish MACD divergences on the hourly chart from June 30th to now. Screaming for a reversal at some stage. It's a profit taking market right atm there's no trust in gains holding, low float so it drops easy on low volume. The whole MJ industry is due a reversal
More dilution again. The price to book and price to sales of healthcare products is 5.7:1 and 6.94 which are about two of the highest ratios according to the latest data I could find
https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/psdata.html - price to sales
https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pbvdata.html - price to book
They have $11 million in assets so with 138m shares unrestricted (and counting) that’s a minimum of around 0.08 at a 1:1 PB, safe to safe it should be higher than 1:1
If they’re bringing in $900k a quarter price to sales would make the pps around 0.185c, if or when they stop diluting…
Watched L2 all day for re-entry. A lot of big MM orders were filled all day on the Bid, a 2.3M wall on the Ask from ETRF (presumed to be retail) parked overhead at 0.014 all day, like NITE on Friday, killing potential momentum. Low volume on Friday comparative to Thursday and the Dragon Fly candle on the daily would have taken some big balls to buy today and I guess made it pretty easy to get those orders filled on the way down. The DD, recent S1 of $450k at 0.012 and inside buys at much higher levels would suggest a much higher share price. They’re also receiving $5mil from Dutchess Capital at these levels. Yoy revenues are up, CEO has ties to several other OTCQB MJ companies and their financials are in the black. A great mix of things
Bid whacking the last hour of each day. Looks like some work is being put into drawing the closes lower but I’m out, who knows how far this rolls down hill
Continual diluting in the middle of the night. Irrespective of future news if this is the expectation they’re setting why would anyone look to invest here. We need a statement regarding when the dilution is done if there is to be any faith in the next phases of CBGL. I hope they do
Looking good here. Biggest seller on the Ask seems to be ETRF, which is usually retail. I just bought out OTCX shares at 0.0115. No more dilution this week if we are done there this will be a banger of a reversal
The CEO looks like he’s heavy on strategy and analytics. My guess is if dilution were to happen it was to happen over a specific period and once it is complete we will see a growth period. I imagine they would want to move away from the idea of dilution happening ad hoc at any time
Looking fantastic here. 45% insider owned insider transactions up 186%, Credit Suisse just bought in, only 11M shares outstanding and a 3.7M float
A lot of OTCs dipped today it’s sh*tty Tuesday and a lot of focus was on highcap
This looks like a descending wedge and the fundamentals are still great. Lot of assets in raw material, a very well respected executive in Klaus Eckhof, and on the longer term charts it was going to have to cool enough off to show value to new investors
They did post a huge yoy profit margin increase and usually the things that look a bit too obvious at first bite end up taking some patience to see the return you want
The stock hasn’t changed, just the price at this point
Pink status still to come and new business interest to be unveiled. Financials are some of the cleanest out there no debt or deficit, newly appointed CEO owns shares at 0.05 and only a 14M float, 66M of the 80M outstanding shares are restricted
Even with the dilution this is one of the best share structures out there, 1/3 of it being insider owned. 140M OS and sub 100M float. That is tiny and a potential rocket
Their balance sheet is strong, positive share holder equity and $12M in assets
Management is experienced, their website is excellent - professional fully interactive portal with up to date details on the products, executives, investor relations and forward statements
With the share structure the way it is once they’ve shown dilution is over the bounce back can be extremely swift. Great risk reward potential imo
Looking awesome, this was a pretty bloody week most places but HMNU held and made ground. Looks pretty locked under 0.012-5, some positive divergences showing and good strength into each upward move. The take down from 0.019 looked extremely weak. Looking at the value of LakenGroup and the 3 other existing businesses could go a long way. Previous high point was .50
Has traded .50 on this same SS you can look back through all the quarterlies and verify. Legit holding company which has been profitable and reporting for a long time. The new business has a monster capital valuation, just the $4.8M they paid for it on this SS justifies above the current pps. Looking at the 5 year chart it’s due a substantial run. The LakenGroup business is a great idea. This is the kind of company that stands to really benefit from the new OTC and could run absolutely huge. From lows it’s ran anywhere from 100 to 2500% previously
Pink just as the CEO said it would be. What a sleeper this is. These guys are owned by RxMM Health based out Australia and partnered with City Farms who are a global supplier. 7M float
As people pull out of this to chase shiny things we’ll get better and better prices. Just let the process roll along, the daily fully reset, they spent $4.8M on LakenGroup and average trade price over the whole tickers history is 0.0438, we got value and growth
Actually there is a bunch of short interest on this listed on the OTC short report. Once 0165 is held it's a pretty straight shot to 035, if that is a covering S/L point it will hit 05 fast
If someone(s) were just playing the reversal off the bottom a sell off once it meets resistance isn't abnormal, also a natural point for a short. Another sell off when it didn't bounce right away this a.m. Looks way oversold considering the huge capital allocation coming. Support looks pretty good here, 7M buys to 3M sells at this price from July 23rd. L2 looks clean. Prices can retest a resistance area if it's broken. I like the DD here and increased my position a bit glta
Reg-A was filed at $0.50 150% over current pps
Ask is super thin now. Was stacked all morning and yesterday afternoon
Are you having fun?
What a day, figures we run into some resistance around 0.04 but the huge difference is before it bounced off whereas this time it consolidated. Looked like they were stacking the Ask and putting up Bids to get people to unload, a good chunk of my portfolio is in this I’m leaving to ride. Maybe we see a small drop if news takes time to come, it seems like we’re moving into an overall bull market, it moves so easily, acquisition news would give us a huge run off this new support
DD and the chart look awesome I don’t usually buy during run ups but the MMs kept leap frogging my Bid, looks like an ascending Bullish channel, previous support isn’t too far below the which it might retest but looks like a good break out. $11bn in capital allocation is a lot. LFG
500M*
I want to see the value of the assets of what comes in. Price to sales ratio for the sector is 4.64, which in commodities the price of saleable assets pretty much are potential gross revenue. Perrault has advised and directed companies with assets in the billions, at a dollar PPS we would be at a 400M market cap, or around 100M worth of assets at this SS. That’s not at all unrealistic in respect to the resumes of those involved, there will be some volatility, but I have to hold to see what those assets are. This got pinged between 0.025 and 0.04 for a while so it’s gonna happen and it is what it is