It's a tough crowd out there in PinkyLand.
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In my experience...Grand Openings are generally a few weeks after initial opening of the doors...gives them time to work out any kinks before formally presenting the store to the public. So...I'm guessing the first week of Oct is still target date for official opening.
Could be wrong...but that's usually how it goes...
Yep...those bid whacks @ 47 aren't retail...MM baiting only
11 ticks up on only 12M shares traded...thin is an understatement!
Welcome aboard nancynande...I believe the Paul Mitchell schools will be funded ASAP...as they currently generate the most income of all the acquisitions...& Troy said he'll be leaving the successful management team in place & expand wherever they can to produce the most revenue. Naughty Girls should generate sizable income as well...especially the one being set up in Georgetown/DC. If it does anything like the bars & restaurants already there...we're looking at a gold mine in that location. Very high scale, lots of entertainment/restaurants...college town with a ton of young yuppie types & government employees that like to spend $$$. Should do very well if shop location is on or near the main drag.
Just sit back & enjoy the ride :)
MMs still playing this like a fiddle...
What they've been doing this whole week with the ridiculously wide spread is pretty much spot on to one of the tactics in that market maker article someone posted the other day.
C'est la vie in pennyland
The term sheet on them is a done deal...final agreement signed on payment. Reg-A funding approved by SEC...most of the $10M in funding has already been set up, & was only awaiting SEC approval...so the schools, & all the other acquisitions that were termed will be finalized any day now.
These 2 schools are more than likely in the Baltimore/DC area, as that is where Troy is from.
Also...Troy is a personal friend of the owner of these two schools...who is retiring & wants them to go into "trusted" hands.
Per Troy on one of his CCs...
I'd gladly take one of Troy's "shovel ready" PRs after hours today...
I may need to confer with some of them on my football picks this week. ;)
Who gets the attaboy' for calling this push up the pps hill...our local board swamis...or
luckydude777 Tuesday, 09/19/17 09:23:19 AM
Re: None
Post # of 35571
Just got off the phone with a friend of mine who has some information about SNMN that is VERY interesting.
Expect a lot of buying!!!!
I also want an A/S reduction...only because it makes the general trading public feel more secure looking forward...honestly tho, the way Troy has put this business plan together, it really doesn't matter...any new shares needed to move from A/S to O/S will be met with an asset evaluation, & corresponding pps when it happens. In other words...as the pie gets bigger, so does our piece of it. In most pinky stocks, a big A/S is scary, & we all know why...but here...not so much.
And...the businesses acquired in our fold have the ability to be valued at average multiples relating to each of their sectors...the $10M is just money right now...with no ability to make us money, until it's invested in something. We have 7 companies at present, with several already showing a yr to yr profit...the other ones are more speculative in nature & will need some amount of time to show profit.
In other words...I concur with you...minimal risk from here on out...
Agreed! Anytime a company reduces shares in ANY way, it's definitely a "great thing". Authorized is currently 4B...EmptyBones stated earlier, Troy will probably reduce it by 1 - 1.5 billion (which sounds about right to me) leaving enough for future needs...all, depending on SEC rules & regulations surrounding Reg-A & 506c offerings.
Those 220M shares (known as the Joe Overcash shares) are NOT part of the float...they are only part of the O/S...& are currently restricted, pending judicial judgement of their validity. When they go...the float will not be affected, one way or the other...only the O/S.
Current Outstanding = 1,094,211,721
SNMN Restricted - 135,515,261
Overcash shares - 220,000,000
Float = 738,696,460
Troy has publicly stated that the float is around 680M...evidently, another 58M+/- have been deemed restricted...so, at best the float is either a bit more than 2/3B...at worst, a bit less than 3/4B...either way...a very very very low float for an OTC company with $10M+ for funding of acquisitions...which will soon be assets on the balance sheet.
Float...from Investopedia
The term "float" refers to the regular shares that a company has issued to the public that are available for investors to trade. This figure is derived by taking a company's outstanding shares and subtracting from it any restricted stock. (Restricted stock is stock that is under some sort of sales restriction: for example, stock that is held by insiders and cannot be traded because they are in a lock-up period following an initial public offering.)
That much of a reduction not possible...O/S is currently 1.094B.
Kinda' like to see this...not sure which week he meant, but we're at the beginning of one now
I look forward to the "Portfolio" section expanding to 7...& beyond.
OK...I don't remember that being gone over at any of the CC's, but I did just see it in the 1st Q filing...& now in the A. I have some questions on it, but you have backed up your statement, so I stand corrected.
Yeah...you'll need to show us something to back up that statement. Debt free, no dilution & ridiculously low float has been the foundation of this company since I happened upon it...which was within a week of day one.
Don't remember this ever coming up...you have a link to this? tia
Seeing as tho this Naughty store is brand spankin' new...money to open it had to come from somewhere...pretty sure the deal was for $150k for 50%. Oct 1st grand opening is 2 wks from today. So many irons in the fire! :)
Don't forget...Troy also filed a 506c for $2M right before the Reg-A. Not sure what the status is on that...but he could've possibly funded Naughty Girls Donuts shop & Metaphor Entertainment (new singer & the movie "Potential") with some of the proceeds...if anyone knows for sure, please post.
https://www.sec.gov/Archives/edgar/data/1706907/000170690717000001/xslFormDX01/primary_doc.xml
https://www.sec.gov/Archives/edgar/data/1706907/000170690717000001/0001706907-17-000001-index.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Notice of Qualification
Date Qualified: September 13, 2017 5:30 P.M.
Form: 1-A
CIK: 0001706907
Company Name: SNM Global Holdings
File Number: 024-10701
https://www.sec.gov/Archives/edgar/data/1706907/999999999417000107/9999999994-17-000107-index.htm
BayouBengals Friday, 09/08/17 01:22:24 PM
Re: None
Post # of 35168
The complete filing submitted to the SEC via EDGAR:
Click on Seq 2 for Preliminary Offering Circular...
Click on Seq 7-12 for Acquisition Term Sheets...
https://www.sec.gov/Archives/edgar/data/1706907/000072174817000372/0000721748-17-000372-index.htm
EB...Pretty sure Troy was talking about reducing the A/S...last time a question was asked about the 200B Joe Overcash shares...he said they weren't a high priority issue at the time...had way too many more important things going on, & they are restricted as tight as can be, so no big hurry. Here's the tweet from 3 wks ago on the MJ & share reduction:
SNM Global Holdings? @snmglobal Aug 24
More news to follow concerning MJ company and reduction in authorized within the week....
Copy that...he may have an already profitable crop farm or dispensary targeted as we speak. Other than a generally popular sector...MJ didn't excite me as much as the Paul Mitchell schools ($4M/yr)...Funky Biscuit (enough business to seriously need expansion) & the Naughty Girls Donuts, which will have its first shop's Grand Opening at the beginning of next month. The entertainment companies are ramping up. Still plenty in the pipeline to PR tho...
Appreciate the response....
Out of curiosity...what do you think was lacking in the MJ news? I don't seek out & play MJ stocks, so I'm not sure what excites the traders that do. I know they generally do very well...even with bloated SS's...I just don't know what the catalyst is that makes them go nuts.
TIA...
You may get your wish...
Not sure what the delay is...but it'll be worth the wait
luckydude...you may want to read & then listen to the brief interview. This will bring you up to speed.
https://upticknewswire.com/ceo-troy-lowman-discusses-filing-reg-potential-assets-acquire/
Maybe Troy's celebrities are jumping into the pool...?
Absolutely correct! I first got in just over 19 mo ago & there are a bunch of peeps on the board that were already in & are still in...that's definitely not conducive to a p/d play. Hell...Troy didn't even put out a PR when the courts ok'd the dissolution of over 2B shares from the O/S! That in itself is pretty telling...IMO.
CEO doesn't pump...he works very hard & then enlightens us on his progress.
Ha ha...maybe we'll acquire an eye wear clinic
Any chance one of the mods can put the share structure in the ibox...?
That's pretty much the first thing I look for when I start my DD...tia
Ha ha...let's do this one for the CLIPper