Amazonas Florestal Ltd (AZFL)

[Jerry70]

$ AZFL. Some information about TSC INC and things going on with AZFL.

TSC commenced operations in 1997 as a computer hardware and software broker, but later it diversified its activities by entering into the cellular handset segment. The company has now offices in Atlanta, and Shenzhen.

TSC-INC.

The Chairman of Amazonas Florestal, Ltd. celebrated the news with the following words:

“I believe this is not only a strategic but also a creative decision that will benefit both entities that thrive for similar goals and visions. Our plan is to engage in many research projects for the development of innovative products for the wireless industry, ideally our goal is to ultimately replace recyclable materials like cartons and plastics for Hemp”

Additionally, in the same press release, the market got to know some new information about the Hemp plantation. The project is almost 55% complete and the CEO will be moving to Miami in August to manage the operations directly from the company’s headquarters. Furthermore, negotiations to pre-sale the product and high market demand were noted. We need to be alert on the company’s new announcements, as pre-sale agreements could send the stock price higher.

On July 24, the company stated in this press release that AZFL will not be implementing a reverse stock split during 2017. We could read that “the company’s board is studying the possibility to buyback shares and pay back part of the debt once the proceedings and profits from the Hemp plantations in Colorado are available.” In addition, the company will not be selling notes until after harvesting time late October 2017. The news were celebrated by the market. Why? Because it means that AZFL will not dilute its shareholder base.

Finally, on August 15, 2017, the last quarterly earnings were received by the market. Given the large amount of volume registered, it seems that the financial figures were appreciated. The most significant amounts on the balance sheet were the following:

Total Fixed Assets (as of June 30, 2017): $3,152,605
Total Assets: $4,758,463
Total Current Liabilities: $3,057,938
Total Long Term Liabilities: $231,449

https://twitter.com/Amazonas_AZFL & stockcharts.com/c-sc/sc?s=AZFL&p=D&yr=0&mn=6&dy=9&i=p71352778543&a=541544608&r=1503856349967


GO > $$$$$$$$$$$$$$$$ HARVESTING HEMP $$$$$$$$$$$$$$$$ AZFL