FFFC is on track to have revenues from multiple sources and are starting a stock repurchase program. Upon the announcement of retirement of these purchases shares, you'll get a stock bounce. Truly one of the great opportunities in the penny stock area.
Finally a penny stock starting to turn a profit. They're buying their stock back and are NOT doing a reverse split. Great opportunity with limited downside. Company was on a run rate to reach $750,000 in revenue during 2015. The Company has exceeded these expectations and the 2015 revenues were approximately $796,000.
Per the SEC Filings, the CFO or Digipath is selling $8,000,000 worth of securities. They are also late on their SEC filings. All this seems to add up to dilution followed by another reverse split. I sold all my holdings in DIGP for quite a big loss. Does anyone have a contact with the company to get details on this transaction and the why they're late on SEC filings? I've emailed 3 times with no response at all.
Currently trading at less than a penny and with a market cap of about $1.2 million,Pazoo (PZOO) is about as micro-cap as they come. But the marijuana testing company could have big prospects if, as the CARERS Act proposes, federal entities were guaranteed to stay out of laboratory testing and marijuana research in states where such activities are legal.
Cannabis testing laws vary state to state, and in many places -- including pot-friendly Colorado -- the guidelines are still being formed for testing for things such as potency, homogeneity and contaminants.
Pazoo is the full owner of Harris Lee, LLC, which has an exclusive contractual agreement with cannabis testing and analytics company Steep Hill Labs. It is also the largest shareholder in MA & Associates, a licensed marijuana testing lab in Nevada. What Pazoo has set out to do is to offer laboratory testing and analytics for marijuana via exclusive licensing agreements with Steep Hill.
"They have the best Starbucks-type model to open up testing centers throughout the United States," said Cohen. "They have set themselves up with the three best testing firms ... in the United States. If they don't go bankrupt, this is the best company of them all, and if they can make it financially and not dilute themselves too much, it's the best bet."
They'll have a much better chance of staying afloat if the risk of the federal government shutting down their operations is removed.