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RockyW

05/20/23 10:11 PM

#90358 RE: $Parabolic2030?$ #90357

I may be wrong, but I think that 2.3 pound sale was RSAMMD and not TXTM. TXTM does show 15M seeds valued at $22+/seed though.

I think it’s progress, good progress, among other things, that they are Pink Current, no dilution, no debt, management is paid a dollar/year, and they certainly have a viable business, IMHO. Not many OTC companies have those features. The CE sucks but I believe them when they post they are working on its removal.
Thanks.

parabolic2020

05/20/23 10:15 PM

#90359 RE: $Parabolic2030?$ #90357

First , TXTM does not file 10k's as it is not SEC reporting. They file under the alternative filing standards.

Second, if you comprehend the filing you will see they have a takeoff agreement with RSAMMD to fulfill orders via this supply chain agreement. It is obvious to most people that this is a billion dollar customer in a 10 years agreement.
Customers of this size routinely have net terms in excess of 100+ days.
Please review proper GAAP standards as to booking of revenues before making such Outlandish and uniformed statements. The company properly fulness Q1 that included $300million in assets in seeds ALONE. Mind you more can be injected at any time, at any frequency, dwarfing ANY OTC stock.
They have:
NO DEBT
NO DILUTION
Owners taking ONE DOLLAR SALARY PER YEAR
300 MILLION on the books and counting
Monthly Revenues incoming for the next 10 YEARS for ONE customer

GLTU.