$BLFR Executes a Combination Agreement with Ram Cap, LLC. Obtaining a $30 Million Line of Credit and 10 Cash Deposit Secured LOIs Valued at Approximately $209 Million to be Merged within 2024 Starting in Q2
https://t.co/AjQr29DIsV
$BLFR In NC
Summons sent to the TA, they have 30 days to reply
If they don't, BLFR wins by default and shares cancellation takes place soonish
https://t.co/IUouScOlAR
Still nothing for the Screaming Eagle lawsuit in Texas...(Court is slow there)
https://t.co/3xOkeqd8z2
#BLFR management team has been laser-focused on expanding operations, securing multiple bids, and ramping up oil production. With cash flow positive on the horizon, management is gearing up for the pending mergers already in motion. The upcoming Quarterly Report for the period ending September 30, 2024, will showcase the companyโs impressive progress and milestones to date. Management is energized by the momentum and looks forward to seeing even greater results as we head towards Year End, fueled by the rapid growth and success we've achieved so far.
@Schito_74@tropicallivinn They merged in 2 companies and bought the screaming eagle oil property from foreclosure.
Are they behind schedule yes but just those 2 mergers alone are more than 99% of OTC companies will ever accomplish
This post may be intended to be funny but it is true!
We are the ones who should reap the rewards of the next small cap penny stock bull market. ๐
Everyone has their conviction plays and mine is $BLFR
Best of luck to everyone and the #OTC
If you're still trading OTC, congrats, you survived peak interest rates and a 3.5 year bear market.
Our time to shine is coming.
We are the cockroaches of the stock market, as in they can't kill us!
$BLFR subsidiary West Texas Dirt Movers (โWTDMโ), pit closure for Permian Basin customer. Where WTDM will treat, dry and bury/encapsulate (+/- 18,000) cubic yards of cuttings.
Why not just find a company who has a proven track record of no dilution. Then after those 2 days flippers won't create bagholders and we get multi day runners that hold gains.
I had dinner tonight with a very seasoned and successful microcap investor, and he made an observation particularly about microcap stocks:
Sentiment often follows price, not fundamentals.
That means that when the stock price goes up, there's greater interest from investors to buy the stock. And, when the stock price goes down, there's less interest from investors to buy the stock. This is not how it should be in his mind (I agree).
What it really should be is when fundamentals go up, there should be greater interest from investors to buy the stock. And when the fundamentals go down, there should be less interest from investors to buy the stock.
The interesting dynamic, particularly with microcap companies, is it's not uncommon for the fundamentals to go up, but the stock price to go down. When this occurs, it can lead to a loss of interest in the stock because for so many investors - sentiment follows price. Whereas in his mind, if the fundamentals are durably going up, these could potentially be good buying opportunities because for him - sentiment follows fundamentals.
Therefore in this construct, the key question for any investment is not whether there's momentum around the stock price, rather it's whether the fundamentals of the company are durably going up or not. This is not always a simple question to answer because fundamentals need to go up - durably. Sometimes short-term performance could be indicative of a long-term trend or it might not be. But, this is where the crux of the investment diligence should be - evaluating the trajectory and durability of the fundamentals of the business.
Huge share cancelation news
63 of the 84 million OS reduction
75% reduction for $BLFR
Upcoming additional mergers as well
#OTC investors dream
I will continue to support quality.
$BLFR files Petitions with County Wake, NC to Cancel a total of 63,000,000 shares of its common stock. The legal team has been in lock step with the Transfer Agent in regards to the cancellations to insure efficiency.
https://t.co/zFEFtiRyYG
@Schito_74@OTC_BLFR They brought in 2 valuable mergers and just put a 175 page disclosure with all the share cancelation work they have been working on.
Real updates are not always as quick and easy as investors wish.
$BLFR undervalued here