Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
According to Bill, we are on a hill and no, we are not affected. FYI
Wouldn't you call a video of the crop in the greenhouses an update on the situation of the crop??
"I’m bearish here because the price action has been bearish for 20 months."
But here's the thing. I wasn't bullish 20 months ago. In fact, I sold when we were saying we had some plants growing in COachella. remember that? And I stayed out until very recently. I am bullish BECAUSE the price has been bearish for 20 months. It has dropped even as the company has improved their numbers and their focus. SO now, after 20 months of a dropping price, I see stability, a bottom, and an opportunity. There's a difference between a permabull, and someone who analyses with both sides in mind and then determines when it is time to sell AND when it is time to buy.
As for your analysis of the past? I see your point. From a technical standpoint, this is still bearish. It won't turn bullish until it hits like 2 cents a share. But who wants to wait until it hits 2 cents a share and THEN buy? The fundamentals have changed, and the technical never accounts for a change in fundamentals. So I'll buy now, when the stock is LOW, and the fundamentals have finally changed positive, and wait for the technicals to catch up. Shoot, I might even be a SELLER when the techs are screaming buy. Because they are backward looking, and the fundamentals are forward looking. On a big board stock, techs work better, because no big board is going ot grow 900% in a year. Down here I look at techs but don't follow them. It's called an outside factor interfering with the past technicals. IN this case, getting focused on something instead of blowing smoke, and starting to do the right things. But I think your analysis was very good and I appreciate that you wrote that. yes, it is a different view, and most views are appreciated.
thank you.
I gave you information why I think it is going up from you. YOu ... asked me aquestion. LOL.
Where is your information that would say it is going down? Something negative in the outlook? You didn't give anything. You said the financials are unaudited. yes, we know that. Are you saying they are fake? Do you have a valid reason to say that? Otherwise, they are unaudited, but still show the same numbers I gave. You said nothing. then you asked how they book revenue if they don't own 100% of a property. Well, they only book the revenue that pertains to their ownership. That is the same for all their properties, now and in the future. If they own less than 100%, they book less than 100%. But it doesn't mean they don't book ANY of it. And again, you didn't say they can't book it. All you did was ask a question.
Come on man. You want to take the bear side of the argument, give me some bear facts. tell me how their income is shrinking. Tell me how their margins are shrinking. tell me how their numbers are not real. Not just "they own less than 100% of a property." Yeah ... so?
Construct some sort of debate point for the bear side. NOt just fluff that doesn't add up to anything. Your turn.
So you don't think increasing the yield by up to 900% this year over last year shall be a positive? If revenue jumps 900% for the year - okay, let's say 2 harvests so only 600%, and earnings continue to rise, that the stock shall rise? Why not?
You also realize that as of right now, with the past 4 quarters being positive net earnings, that this stock actually has a P/E ratio? And it is about 14! A P/E of 14, and revenue to grow substantially. Why would that NOT raise the price? I'd like to hear your reasons why that will not increase the value here. This is your platform. Go for it. Serious. Please tell me WHY you feel this stock should not rise. If my reasoning if off, I'd like to know. So, with a low P/E and rising revenue and earnings, why do you think it shall fall? Other than "because bill sucks" or "because Bill won't let it" or other ambiguous statements. I have my reasoning right here. A current P/E of 14, and revenues plus earnings expected to dramatically rise from here, leaving me of the conclusion that the value of the company shall rise too. That's numbers, the company reality, and a solid reason. Please give me your reason for saying these numbers should be ignored, or that you have other information that says, in logic not emotion, that this stock should go down. I truly yield the floor to you for your reply.
TIA
"will they immediately begin flowering and reach full maturity within 120 days?"
Per Bill, the ones we planted in MArch will be harvested in late June. that' sunder 120 days. yes, he is planting teens, and he says he can do 3 harvests, one very 110 days or so, including time for keeping the ground prepared while harvesting and then planting again fairly fast.
From Bill. Not from me. I don't know how long it takes. Or if it can be done. But that's Bill's hopes and goals.
"Hiring outside hands when time to harvest is not an issue and would show on the quarterlies if Bill goes that route. "
Yes and no. Yes hiring is not an issue. But will the expense show up on the quarterlies? No. WHy not? because of the odd way Bill has the corporations set up. Remember, officially we are the landlord, not the harvesting company. The subsidiary is the harverter. although we own the subsisiaries. It allows the sub to keep the expenses and revenues to themselves, and we just show a net number that the "tenants" pay us as our revenue. WIthout expenses.
It allows Bill to hide a lot of numbers, which is not the best. But it also allows us, the parent, to deal with banks and not deal with issues that a grower has issues with. Strange set up, but the way it is.
From Bill. ON my first call ever to him, this past week. ANd also why I say it is a goal.
No, I almost never put my opinion into posts. I talk of ratios, numbers, and things I'm told, but never a bullish post about how it is going up, or a bearish post about it going down. Just facts or reported things, or information when someone asks a question.
I can answer that.
"Does that mean they are going to process 3 3-acre harvests during the next 12 months, or 3 1-acre harvests during the next 12 months?""
The goal is to have three harvests of 3 acres each. I say goal because you never know if weather does something or something else happens, but yes that is the goal. Not 3 harvests of 1 acre each.
"Bill dumping 2.6 million shares today is a good thing for us right?"
Where do you come up with the conclusion that BILL is dumping shares today?? Did I miss something?
But it did allow me to buy some shares at $.0051. Four quarters in a row of positive net earnings, a trailing P/E of 13.5, and more plants in the ground this year than last by a multiple number. I think this will hit, and if it takes a year or two and then goes up 400%, that's still a pretty good return. And that's just saying a 2 cent price. I think it can go a LOT further than that, with the positive earnings already on the books and good growth coming for earnings AND revenue for THIS year. So I took out the $.0051 ask.
It does not. And I'm amazed how many companies do it. It's not like it is a surprise requirement. Always required, yet often forgotten.
Don't know for sure that is what is missing here, but I don't see a letter, so that is my best guess.
My guess is that the attorney letter that comes with an annual report was not filed. That needs filed and then the yield is removed. Still, I wish they didn't ignore that part of the requirement (If that is what it is) and allowed themselves to get the yield. I've seen the yield on many stocks, after an annual report is filed, and this is the most common reason. Just my guess.
Bill needs to get it lifted, and meet whatever requirement is missing from the annual report.
My take on earnings.
We still have a ways to go on the4 balance sheet and in numerous areas. However - earnings? Here's reality ...
WE earned a NET earnings of $684,124 for the year. That is $.00036/share. OUr price is $.0049/share.
Our P/E is therefore $0.0049/$0.00036 - for a PE of 13.45
Yes, we are sitting at a P/E of 13.45X!!!! ANd this year we re planting (right now actually) 3 full acres, instead of 1 acre, for MUCH more revenue and profit in 2023.
I see this a WAY undervalued, and eventually either jumping up a LOT or getting the attention of one of the big boys who buys us out. Only trading at 13 times earnings. NET earnings. I like that for our future.
"Are they going to file their 10K today? Today is the deadline!
"
It's already OUT dude.
Don't you LOOK before you post that you didn't see it??
reading it now ........
no idea
"A full 3 acres of planting would be 18,000 plants compared to the 6000 last year!!!"
Also looking at 2 or 3 plantings this year. So that would be 36,000 or 54,000 using your numbers, right?
Planting of the full 3 acres began today. First full 3 acre harvest of the year on track for late June. That is GOOD news.
And winter harvest was not washed away in the rain. FYI to those who say it was.
Question. They have 40 acres at Makana Ola. At 43,560 sqft per acre, that is 1,742,400 sqft. Yet the total "cultivation space" is only 9,900 sqft. That's about 1/2 of 1% of the land. Over 99% of the land is NOT being used for growing. Anyone know if they are looking to expand that in the future? Significantly expand that! I mean even if they only used 20% of their total space, and the rest was kept natural or used for processing or whatever, that is 348,480 sqft. At only 20% planted. Versus 9,900 current. At 20% pf the space used for planting, and 80% NOT used, that is 35 TIMES more than they have planted right now. Seems they are only using a VERY small portion of the property. Anyone know? Do they have plans to expand that? Again - 35 TIMES the amount planted now, and still only 20% of the land. Plausible?
PS - Tristan has never answered the phone when I called, and never returned a single message Left to please do so. So if someone else wants to ask him this question, fine, but I can't seem to get answers from the "investor relations" guy.
ANyone have a firm date on earnings release? Not a due date, but a date Bill has mentioned as an expected date?
That was a huge buy that moved us from 49 to 55 and cleared some big asks.
Ugh. The clocks go forward this weekend. That means I have to get up an hour earlier for the next 6 months for the opening of the market. Opens at 6:30AM for the next 6 months, whereas today and tomorrow it opens at 7:30AM. I may have to miss some opening bells starting soon.
"if Bill has stopped diluting and is now buying a majority equity into companies with revenues earned instead of further dilution,"
Further dilution to fund our operations? I agree. He seems to have stopped.
BUT
buying a majority interest in a company with revenues? What did he use for currency? I would bet he used stock. That makes the most sense. W e are not cash rich, so stock works. That IS dilution, but it is used to generate more revenue and more profit, so it is a rare "good" reason to dilute. We own a lower percentage of the overall company, due to dilution, but we also have a bigger company to split. So a smaller (itty bit smaller) piece of a bigger pie, and that still makes sense where there are synergies. I think this was a good buy. And I think it was done by stock. We'll see when we get the report in 3 months. or if he fills in a "subsequent activities" paragraph on this coming up report.
All in all - good. I look forward to our 2023 growth and numbers.
"If the merger goes through TMNA wins…"
If the merger goes through ... did you see the post that showed that we end up with like 0.313 shares of MICT for every TMNA that we own? That's the arbitration some have mentioned, but not a huge win. A t least not at first. And that's after preferred A preferred B, the whole conversion and everything. I'd rather they did NOT do the merger, and we stay on our own. Seems like WE hvae the goods, and we are merging just for the uplist. Could figure out how to do that without merging with MICT.
Anyone hear when Bill is planning on putting out earnings? (Since he doesn't always do it per the calendar)
Hey, I took out .3097, .3098 and most of .3101. ANyone else want to clear the last few before close?
It was 35 last time I looked. Should have had my normal day order in. Bummer. Missed it. Was working another one most of the day. Your good luck.
I'm back on the bid now.
what's with the dump today?
You've asked this question (Or made this sttement, really) more than once. And it has been answered more than once.
But i'll give it to you one more time. And since you are not believing what people tell you, I'll just quote the latest quarterly report. See if you can see it there. So ... from the report
"The Company's affiliate
company, Estrella River Farms, has been granted all required permits and licenses from the appropriate governing authorities for
cannabis cultivation, including the Department of Cannabis Control in California. The buildout of the first phase of operations on the
Ranch has been concluded, and the inaugural harvest has been delivered to processing facilities. "
how about this part.
"in September 2021, LiveWire acquired one hundred percent of Makana Ola Farms in Humboldt, California. This acquisition will add
an exceptional cultivation facility to LiveWire's roster of carefully selected affiliates and subsidiaries dedicated to cultivating
environmentally responsible and sustainable sun-grown and handcrafted cannabis. In addition, Livewire operates under a marketing
and management agreement with Estrella River Farms and Makana Ola and will begin an aggressive marketing and branding
campaign for the products grown at both Farms under the "Estate Grown Weedery" brand"
See ther marketing and management agreement line? WE are marketing and branding for the products grown at BOTH farms. Straight from the report. So NO, we are not "just" collecting rent. ERF is OUR affiliate and WE are marketing and branding the PRODUCT from both farms. More than just rent.
Last time you need to ask it. right?
"Gotta wonder MICT is falling on this news, why is that?"
I'd say because they announced a debt instrument in the news. That most times short term depresses a stock, even if used for a good purpose.
Yes, that was and is me saying it won't get below $.34 at this time (no guarantees of future though, of course) as I am all over the 34s and will scoop up what goes there. I was over bid on my 34s and today on the 35.01's as well. Someone wants it more than I do. today. But I am moving and adjusting, just like you are. Still, don't look for shares below 34 for long, if they come about. Maybe when I am at a meeting it can happen, but otherwise, I'd love to pick up what I can in the 34s. (And disclosing that may mean others step over me more consistently, but that's okay too. We all can buy down here)
"useless PR"
Not at all.
First off, it met the requirement for Reg FC. It is material to the company, and he disclosed it.
Secondly, it lets people like us here on Ihub know that we are still expanding. That is good to know. People gripe all the time that he doesn't put out enough PR. SO when something happens that qualifies, and he puts it out, they gripe that it is not as good as they wish. SMH
The PR is more proof that we are expanding, doing well, and that we should expect more revenue and therefore more profits in the future. It says our product is being accepted, as opposed to not knowing if it is or not. It says we are on the right track. Did it move the stock? Nope. That's called a "disconnect" Happens all the time. But if we keep growing and increasing revenues and increasing profits (Which is what this PR is saying is happening) eventually the stock price gets too tight on the disconnect rubber band and we have a pop. Sometimes to where we belong, and sometimes to way above that. then, the disconnect is that it is too high. Right now, we are too low, IMHO. That makes it a buy. This PR? Tightens the rubber band a little more, and when the earnings report comes out showing what this is disclosing, that tightens it even more. Someday it shall pop. And the fact that it is on a disconnect now is just an opportunity to buy it below its true value and therefore make a profit. Not useless at all.
"TMNA holders for each 1 share of TMNA, you get 0.3167 shares of MICT in the transaction"
So an owner of TMNA, priced at $.40, ( per 1000 shares X .4 = $400 value) gets .3167 shares of MICT ( per 1,000 shares TMNA = 316.7 shares MICT X $1.05 = $332,53 value) if the merger occurs. And it looks like it is moving forward.
So at the higher price of $.40, IF the merger goes through, you get less net worth and would do better buying MICT at $1.05 today. Right? But if the merger fails, of course TMNA gets the ownership of the Foods subsidiary, and then TMNA would probably be the spot to be.
I guess if I buy at $.351, that is only a cost of $351 per 1,000, and converting into $332.53 post merger is not much of a drop, with the insurance still if the merger fails. Makes sense (I think). But makes me not want to push this over $.40 or be a buyer that high. Since the merger has strong probabilities of going through. Better to buy MICT then (but i won't. The insurance of a failure makes it worth doing TMNA instead, imho. That all look right?)
Good to see a rational answer.
And I think this is 99% sure the merger WILL happen, since so much has already gone forward.
Someone overstepped my $.35 bid at $.3501 yesterday and this morning, so this time I am the one who is stepping over someone and bidding some at $.3501. lol. Whoever took out those bids at $.40 might have brought me some good fills. We shall see. Might not get any takers on this lower bid. maybe though.
ANother thought. The arbitrage works well, since we will get 3 shares at MICT for each 1 share of TNMA< per your previous post. So, if someone were to sell some TNMA at $.45 and then take the money and buy MICT at $1.05, wouldn't he be ahead of the game? As opposed to holding his TNMA and getting MICT in the end anyway? Granted, not if themerger falls through, but I think enough is happening with the mingling of assets after the first stage that it is close to a done deal. IN spite of rantings to undo it.
I did NOT like this part of the release today.
"The Tingo Foods transaction will not result in any new issuance of MICT common stock, nor of any instruments convertible into shares of the Company"
Isn't that a little deceptive, since the Tingo foods transaction means they have to "buy" the Tingo Inc company as well and that will result in 300% more shares being issued? If we get 75% of the finished company, then it means if they own 100 shares (Arbitrary round number, obviously), we need to get 300 shares to own 300/400 = 75%. So the acquisition of Tingo foods really means a LOT of new shares, yet they are saying no new shares.
I'd hate to see somehow MICT buys Tingo foods and then finds a loophole to not merge with TNMA and we end up with nothing, as they already own our revenue producing subsidiary. And YES, things like that happen. I had Trimax, which had a great product. Someone came in to merge, took the sub with the sales, then left us with a shell. And the owner of Trimax got screwed too, so who knows how these big corporate lawyers write things that are sly.
Didn't like that the Tingo Foods was already acquired and yet they say no new shares shall be issued for that acquisition. Definitely didn't like that.
"Anything goes lower than $0.34 in TMNA im buying "
It won't. At least not for more than a few minutes.
Just sayin' .... it won't get below $0.34 for the next week or two. Maybe never, if things go smoothly and we get a few more people in here.
thank you. One last question.
I see the rising revenue. I see the rising profits. I see the future being brighter all the time.
So WHY is TMNA down 92% in the last year of trading??? Seems it shouldn't be down at all, even with the dilution, since that dilution is what is now bringing in the revenue and profits, or maybe a little, but 92%??? Why do you think it dropped so much?
So if someone buys Tingo stock this coming week, they will still get the preferred A and B shares, along with the merger. Correct?
question.
I read a lot of posts. They all were saying "the merger will occur November 30th". All leading up to NOvember 30th.
Now we are at February 4th. ANd still not merger. TMNA is still trading, and not part of MICT or even TING the new symbol.
So what happened the the November 30th date? Was the merger delayed? is it possible falling apart? I read people that WANT it ot end, but what's the situation with the companies right now?? WHy no TING trading and TMNA gone??
question.
I read a lot of posts. They all were saying "the merger will occur November 30th". All leading up to NOvember 30th.
Now we are at February 4th. ANd still not merger. TMNA is still trading, and not part of MICT or even TING the new symbol.
So what happened the the November 30th date? Was the merger delayed? is it possible falling apart? I read people that WANT it ot end, but what's the situation with the companies right now?? WHy no TING trading and TMNA gone??