One of the best ways to beat the crowd is by scanning for filings before they become circulated press. This week, several OTC companies have filed impactful reports that should effect the markets.
Rogue One, Inc. (OTCMKTS: ROAG) filed an amended Q-2 2021 Quarterly financial statement on Tuesday which is the Company’s first consolidated quarterly that includes the audited financials of its recent acquisition, Human Brands International, Inc.. The report showed an increase in assets from $111 in the previous year to $27.5 million. This gives ROAG a total book value of $17.4 million. With a market cap of only $250,124, this would indicate an extreme undervaluation. However, since ROAG is not yet current, investors cannot benefit from this potential arbitrage, yet. Now that the Company has completed this crucial step it intends to work quickly to become current with its outstanding annual and Quarterly reports through Q-2 2022. Keep ROAG on your watchlist, because when it becomes current its market cap and share price could quickly move toward reflecting the $17.4 million book value.
ROAG is on a path to becoming a ‘current’ OTC company, this would be beneficial to the stock. NutraNomics, Inc. (OTCMKTS: NNRX), is a prime example. The company announced it has returned to ‘Current’ status with the OTC Markets and closed up 20% on heavy trading. NNRX, billed as ‘an emerging leader in organic plant-based nutritional science and innovation’, announced 164% year-over-year growth for its primary operating subsidiary, The Plant, for the three months ended March 31, 2022. In the same period, NutraNomics reported unaudited total revenues of $867,209 (all derived from The Plant's operations).
Better For You Wellness, Inc. (OTCMKTS: BFYW) released a 10-Q after market Tuesday. The company generated $13,087 and $19,455 in revenue for the three months ended May 31, 2022 and 2021 respectively. The company offers wellness consumers a diverse synergistic portfolio of brands and products that will allow them to live a life of intention and improve their quality of life. On May 26, 2022, BFYW closed its first acquisition of the right, title and interest in, including all of the outstanding membership interests of Mango Moi, LLC, a hair and skincare business located in Chicago, Illinois. As a fledgling brand, Mango Moi, LLC lacked capital, access to capital, and other resources necessary to scale and maintain its growth trajectory. The company states in its filing that this presented a valuable opportunity.
DarkPulse, Inc. (OTCMKTS: DPLS) released a 10-Q on Wednesday. The numbers are impressive. The company improved from 0 revenues in the 2nd quarter 2021, to $4.4 million for the three months ended June 30th, 2022. While the company still reported a loss on these revenues, the technology company did report $13.6 million in book value, which is still below its $121 million market cap.
Finally, Trulieve (OTCMKTS: TCNNF) released a 10-Q Wednesday reporting a net loss of $1.1 million in the second quarter, or 12 cents a share, after earnings of $47 million, or 31 cents a share, in the year-earlier period. The Tallahassee, Fla.-based cannabis company said its adjusted per-share loss came to 1 cent. Revenue rose to $321.3 million from $215.1 million.
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