Komo Plant Based Foods Inc (KOMOF)

[AgeOfReason]

I discovered a few hours ago that Komo issued a press release yesterday (Friday, at 20:16:46 ET) though it is not yet listed on Komo's website. See https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00047462 . It says in part the following.

"Komo Plant Based Foods Closes Private Placement

Vancouver, B.C. – October 29, 2021: Komo Plant Based Foods Inc. (CSE: YUM) (OTCQB:KOMOF) (FRA:9HB) (“Komo” or the “Company”), announces that it today closed a non-brokered private placement of $160,000 to one subscriber for units (the “Offering”).

Each unit was sold at $0.20 per unit. Each unit consists of one share and one full share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $0.215 per share for a period of 24 months from the closing date. No finders fees were paid in connection with the Offering.

The shares, the warrants, and the shares underlying the warrants are subject to a statutory hold period expiring four months and one day from today. The subscriber of the Offering was not a related party.

All amounts are in Canadian dollars unless otherwise stated. The net proceeds from the Offering will be used to pay for consulting fees."

Notice that the press release says the units sold at $0.20 per unit" and that their warrants include a strike price of "$0.215 per share". [Interestingly on Friday the stock had an intraday high of $0.2198/share]. I think that soon KOMOF will be consistently trading at no less than $0.215 or $0.20 per share. I think that partly because of the following.

(1) The most recent prior mention of Komo closing a private placement (see https://ir.komocomfortfoods.com/news-events/press-releases/detail/59/komo-plant-based-foods-closes-fully-subscribed-financing ) was on October 8th and it mentioned a "a price of $0.14 per common share" and a strike "price of $0.16" for associated warrants.

(2) Only a few days after the October 8th PR about a closed private placement Komo issued press releases called "TransCold Distribution, a Unilever Master Distributor, Adds KOMO Plant Based Foods to Its Distribution Portfolio" and "Komo Plant Based Foods Adds Nationwide Natural Foods to Its Distribution Network" and thus far the stock hasn't closed below $0.16/share and to my knowledge since October 8th it hasn't even had an intraday low below $0.16/share). I suspect great press releases of similar magnitude will be issued next week.

(3) On September 13th Komo announced the opening of the private placement offering (with "a price of $0.14 per common share" and a strike "price of $0.16" for associated warrants) - the one which was later announced on October 8th as closed. Then on September 14th Komo announced that "Komo Plant Based Foods Receives Export Authorization for US Expansion". Then on September 16th Komo announced that "Komo Plant Based Foods Receives Over 90 Five-Star Customer Reviews Through Yotpo App on its eCommerce Platform ". Komo started on a major stock price uptrend on September 16th and on September 21st reached a closing price of $0.16/share - and thus far hasn't closed below $0.159/share since then. That was followed on September 24 with Komo announcing that "Komo Plant Based Foods Uplisted to OTCQB Venture Market". The very next trading day (on Monday, September 27th) after the announcement of the uplisting $KOMOF closed at $0.302/share!

Due to the above observations (as well as other observations) I think there is a very good chance that $KOMOF within a week will be trading above $0.302/share, even making it to $0.50/share or higher within two weeks, but keep in mind that such ideas are merely my opinions. They are not investment advice.