I'm not trying to be a buzzkill, MM. I'm just evaluating if there's a run here, or not.
No matter how ya slice the cake, the a/s has clearly been raised (to 4B, as your post points out) to accommodate the True acquisition.
Whether a 1:150 r/s happens or not, is irrelevant.
BAZI was @ .02 (+/-) with 120M o/s. That's a $2.4M cap.
BAZI used new shares to buy True. Face it.
It appears they used 2.55B new shares, too.
Technically speaking, with the original o/s (120M), the newly issued True shares (2.55B), and the new director's new shares, you're at pretty near a $100M cap, at .037.
Even with a 1:150 r/s, you're still sitting at near a $100M cap, since r/s's do not technically themselves change the marketcap.
Had BAZI acquired True without any new shares, then yes, you got a run.
Such is not the case though.
Until audited revenue ($5M-$20M, depending on other debt) from True products justify a $100M marketcap, watch for a 'correction'.
Especially since BAZI now has to finance production, which is probably why the a/s was raised to 4B, though the o/s is now only around 2.7B.
Please, don't shoot the messenger. Thank him instead, for saving you from getting too deep, too soon.
There's a reason such stellar news like Safeway only sold approx. $10K worth of BAZI shares yesterday.
Think about it.
(It ALL, always comes down to marketcap.)
Recent CHUC News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:30:59 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 02:56:14 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/12/2024 09:30:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 09:27:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 10:00:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 09:56:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 09:54:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 09:53:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 09:51:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 09:43:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 09:41:53 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 09:15:37 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:05:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/30/2023 02:54:19 PM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM