Item 9 Labs Corp (INLB)

[JPXPetra]

A lot of odd L2 action last few days. T trades at aggregate numbers. Beatings down followed by large blocks. Either dumping while trying to keep the SP as high as possible. Or shorting and soaking up shares for a sale that is pending

Last balance sheet was 52MM net +ve assets to liabilities. $70MM in accumulated deficit but $140MM paid in additional capital. $20MM revs. $180k in cash. Far better numbers than most OTCs

They still managed to lose $12MM in the last year. A very productive operation, very badly managed

OTCQX, highest reporting tier, to delinquent in 6 months is wild

You would think with this inventory, revenue and infrastructure it would be a good candidate for a buyer to clean up and make profitable

The retention of Sharps is positive. If they find a buyer it flies. If not disappears taking all $ with it

It’s a coin flip, but with big RR potential. So the right kind of coin flip at least