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G6 Materials Corp. (GPHBF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.0936+0.0004 (+0.43%)
At close: 03:10PM EST
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  • D
    Daniel
    Ronkonkoma, New York, USA – TheNewswire – December 1, 2021 – G6 Materials Corp. (“G6” or the “Company”) (TSXV: GGG, OTCQB: GPHBF),
    is pleased to announce that its wholly owned subsidiary, Graphene Laboratories, Inc. (“GLI”), is opening new location in Cerritos, California. The new location is a 3,895 square foot office and warehouse facility located at 16220 Manning Way in Cerritos, California (the “California Facility”).

    Management’s plan is to use the California Facility for inventory management, distribution, sales, and marketing, while the 8,000 square foot New York facility will be used for expanded graphene oxide production, chemicals manufacturing, materials processing and research and development. The California Facility is also expected to enable an improved set of import capabilities for the Company for any raw materials or product components arriving from Asia. The expansion of business operations to California is significant as it will position the Company with facilities on both the east and west coasts of North America, in the heart of the major population centers of the Tri-State Area and California, respectively.

    The California Facility is strategically located approximately 20 miles from the major ports of Los Angeles and Long Beach, and within 25 miles of three airports including Los Angeles International Airport, John Wayne Airport and Long Beach-Dougherty Field Airport. It is also situated near the large distribution hub of a major e-commerce retailer of G6’s products. The California Facility represents a beachhead for the Company on the west coast of the United States as G6 endeavours to grow its overall wholesale distribution network and strengthen its sales and marketing efforts.

    The lease on the California Facility commences on January 14, 2022, and is favourable to GLI with an initial term of one year and a renewable term that converts to a flexible month-to-month basis at the expiry of the initial term. The Company expects to embark on hiring program to staff both of the New York and California Facilities in the near future. Due to the rapid expected business growth, management expects further infrastructure expansion after the expiry of the lease term.

    Additionally, GLI has engaged the services of a leading third-party logistics (“3PL”) provider, also located in Greater Los Angeles Area, to increase its order fulfilment capabilities, expand operational capacity, and maximize customer satisfaction. The 3PL company is expected to streamline GLI’s supply chain through its comprehensive suite of warehousing, distribution, fulfillment, and e-commerce services, which will position G6 to be able to handle a significant increase in order volume for its graphene-enhanced solutions and other products.

    Management Commentary

    “Establishing an office and warehouse facility in southern California is an exciting and important step in G6’s growth. Having facilities on both coasts is very strategic for the Company, while being located near the distribution hub of our largest e-commerce partner is also critical to our supply chain and overall success,” said Daniel Stolyarov, President & CEO of G6 Materials Corp. “Leasing the California Facility is yet another significant advancement for the Company lately, and I am grateful to the GLI team for identifying and securing it on favourable terms. I am optimistic that 2022 will be G6’s strongest yet, as our employees, advisors, commercial relationships, product pipeline and IP portfolio all continue to improve and shape the Company for the better,” added Mr. Stolyarov.
    Bullish
  • J
    Jaime
    it's strange I got an email saying that they ended up opening up that Distribution Center in California, but yet no news on Yahoo. no volume either. I am stumped
  • m
    morgolf
    Check out Syrah Resources Limited (SYAAF)- located in Vidalia across the river from Natchez. Syrah has Aussies and GX has Aussies. Could be the reason for G6 locating there. Lots of activity in the area.
  • A
    Anonymous
    One trade this morning of 540 shares has pushed this up a penny or 9.09%. Hilarious. That's just too much power for one person to have.
  • C
    Christopher
    Any shareholders interested in having a more private discussion about giving their proxies to someone who will attend the AGM and not follow the present management's recommendations blindly? Since Yahoo! ended Yahoo Groups, another forum must be found to have a less public discussion of that topic. Please see other stock trading boards such as Babypips or Stockaholics to make contact and spread the word!
  • A
    Alex
    G6 just released their AGM information as well as proxy forms on their website. Let your voice be heard.
  • J
    James
    IS G6 A SCAM? While the probability of G6 being a scam is not zero, it is not too much higher. Certainly, those who have listened to the CEO's recent presentations will insist the last thing one would hire him for is to promote a stock. He is not a promoter. Wouldn't a scammer be more attuned to hyping his stock price? Fundamentally, things are more in the right direction, albeit slowly for those seeking short-term profits. The company was able to raise about $5 million CAD, in large part because of its acquisition of GX Technology. With this acquisition came management depth, intellectual property, a relationship with the US Army and an option to lease production capacity in Natchez, MS. G6 has completed testing of its air purification technology and has filed for regulatory approval. Management has announced it expects approval shortly. It has filed for a trademark for an air filtration service within the past few weeks. Management is in negotiations to license the technology to a partner and, it also has a pilot production facility in NY under development. One of the milestones G^ has established is to develop this facility "within 6-12 months". If things go according to plan, to would exercise its option to lease space in Natchez for production in 2023. Meanwhile, the company continues to sell its graphene into the marketplace. Where's the scam? Near-term catalysts should be regulatory approval of the air filtration product and an announcement of a partnership in this area. These are likely to give a nice boost to the stock. BTW, the company has also announced plans to retain a financial officer and an IR exec. These additions, while fundamentally important, are not likely to cause much excitement among those on this board. If you believe this is a scam or the company's chance of success is small, then sell your shares and move on. Otherwise, be patient. This is a business, not a game. Either way, GLTA.
  • J
    James
    Once more, I disagree with the notion G6 needs a new CEO to be successful. And the probability of that happening in the foreseeable future is virtually zero. The company acquired GX Tech. in late August, less than 3 months ago. With it came about $5 million CAD in new capital -- and management depth. Management has announced it is seeking an IR exec and a financial officer. When they are on board, they will become spokespeople for the company with the investment community. Management also announced new patented technology which will be the foundation for the development of an air filtration product. In the past week, it filed for a trademark for this product. The product is in development -- at the prototype stage. Regulatory approval is the next step. An announcement on this front should be forthcoming shortly. Management has also announced plans to establish production facilities in NY over the next 6-12 months. If the product is successful, it has tentative plans to produce the product in Natchez, MS at a site it has an option to lease. It acquired the option in the GX transaction. BTW, one of the factors in the GX acquisition was the recognition the GX people have been able to raise substantial equity capital. This was an important reason G6 acquired GX. Other factors were GX's relationship with the US Army, its intellectual property, and its access to production facilities in Natchez. For these assets, G6 paid 25 million shares. Again, it should be stressed the GX acquisition took place less than 3 months ago. It is worth noting a company until very recently known as Zen Graphene Solutions (now Zentek) also announced an infiltration product this week. It too requires regulatory approval. Each company, ZEN, and G6 appear to be on parallel paths in the air filtration area. Both have the potential of being commercially successful. If so, investment capital will be available for each company. Each stock should provide great returns for its shareholders. However, I don't see a new G6 CEO in the cards.
  • K
    K
    With a total of about 25 trades for a laughable total dollar amount over the last 3 DAYS ... the term "dead fish" comes to mind. And while we hope there are sunnier skies in G6's future, it seems more likely that whoever is shorting G6 will continue to do so ... likely hoping for tax loss selling to take G6 even lower into year end, allowing for some short covering. It's sad to see that not even G6 or its officers, directors or insiders seem to feel that the stock is worth buying at TEN CENTS ... but then, they're probably all short. LOL.

    Since every time Emil exercises his right to take down one of his comments, it wipes out all of the replies to that comment (trying to control the narrative???), I will re-post the key part of my reply to his most recently "disappeared" comment:

    G6 has serious concerns, BEYOND just administration and generating sales ... and chief among them, IMHO, is the apparent "game" being played with the G6 share market. Without a solid/credible share market, LOST is the crucial ability to raise further investment funds without devastating dilution to present shareholders. Meanwhile, insiders will likely enjoy dilution protection via antidilution clauses. So, how did we get here?

    In our view, it seems likely that G6's cash was so thin, and management so desperate, that some sort of "deal" was likely struck, whereby management would either participate in, or "look the other way", in exchange for the orchestration of a "pump and dump" of the company's shares designed to result in substantial profits, some of which would be funneled into the company via the recent stock/warrant sale ... providing the company some operating cash, for a while ... and offering "insiders" the opportunity to re-purchase their shares at much lower prices. Such likely deal probably included some sort of assurance that Daniel (and perhaps others) would be able to cash out much of their holdings (at roughly 3x their cost ... approximately $500k for Daniel, as astutely uncovered by Alex), "putting in the top" and starting the equally important (to them) downward leg of the "round trip".

    Because we feel that this is what happened (is happening), we would like to see a complete replacement of officers and directors with ones who aren't tainted by the appearance of any improprieties (and to include a compliance officer). In our view, the ongoing goal/plan may be to collapse/disappear G6 in order that the suspected malfeasance be both perfected, and obscured. In that case, current shareholders would most likely be left "holding the bag" if G6 assets end up being bought for "a song" ... likely by a "related" entity that is probably already waiting in the wings. Yes, we've seen this kind of thing happen and it's particularly ugly.

    We would love to be wrong about any/all of this, but the landscape is unchanging. A different (untainted) and effective management team (one that we thought "Trojan horse"??? GX would provide), would most likely act quickly to support/defend the G6 share market, while overhauling the marketing/sales program.

    IMHO, by itself, the failure to support the share market (or even speak about its demise) is an apparent impropriety and the apparent massive share sale by Daniel, which "put in the top" stands out as a glaring, aggravating circumstance. Time for a management change, including a compliance officer.
  • J
    James
    Tragic news regarding XOVID enhances the outlook for both G6 and ZEN air filtration products.
  • A
    Alex
    GPHBF is currently down 11% on the day on 1000 shares traded. Less than $1000 dollars causes the stock to drop 11%.
  • J
    James
    My family owns 1Million+ shares. We are ABSOLUTELY NOT INTERESTED in any ill-founded efforts to disrupt managements efforts to develop G6's technology. We are prepared to purchase additional shares in support of management. If you are a dissatisfied shareholder, I suggest you sell your shares and move on. If you want to invest in the graphite/graphene sector, there are numerous other opportunities from which you may choose. I understand the frustrations of those shareholders who perceive G6 management's inability to communicate and exploit the company's technology to the investment community. But, considering the company has just raised funds and now has some financial room to run for the first time, and the graphene market is only now beginning to develop in earnest, G6 investors should be patient. Good luck to all, whatever your choice.
  • A
    Alex
    Excellent volume for GGG so far today. A solid 10 shares traded in 3 hours. That’s like $1.25 lol
  • A
    Alex
    G6 filed a trademark application for a sanitizing light on Nov 2nd. It’s called “G6 Wellness” In the application they attached photos of the actual product. It even has a pamphlet. Looks like maybe they actually have a product good to go.

    https://uspto.report/TM/90293722
  • j
    justine
    Who can tell zen.v doesn’t have any revenue,just loses money, and the share price is so high?
  • K
    K
    Interested in finding a way to become “in contact" with concerned G6 shareholders holding 100k or more G6 shares (to start with) who might want to fully discuss filing a protective legal action with an appropriate court possibly requesting appropriate relief relating to the concerns most frequently voiced on this board. including, among other things:

    1) the immediate appointment of a trustee to manage and protect the assets and business of G6 Materials;
    2) replacing G6 officers and some directors, for cause;
    3) unpaid leave, for cause, for certain current G6 officers and/or directors
    4) dismissal, for cause, of certain current G6 officers/directors

    Such a request would likely be based on/supported by evidence as to, among other concerns, those concerns most frequently voiced on this board, namely::

    mismanagement (esp. failure, possibly intentional, to reasonably pursue business/sales opportunities)
    wasting of the company’s assets (esp. the company’s available cash and its public share market)
    self-dealing via the G6 public share market (conduct a forensic transaction audit)
    intentionally/negligently damaging the G6 public share market (failure to defend/protect & self dealing)
    violations of the duty of fiduciary responsibility (loyalty, honesty, fair dealing, good faith)

    ****
    Anyone interested? First step is getting into contact away from this board … suggestions? Thanks
  • A
    Alex
    Well it looks like GX is working on getting their permits in order for the Natchez plant. An "Air Pollution Control Permit" was issued by the state of Mississippi to GX on last Oct 26th. A draft permit for "Water Pre-treatment" was issued last Wednesday (Nov 10th). I think they will issue/deny the actual permit once the period of public comment is over.

    https://opcgis.deq.state.ms.us/ensearchonline/ai_info.aspx?ai=79315
    MDEQ enSearch Online - Facility Details
    opcgis.deq.state.ms.us
  • J
    James
    NOTE: ZEN.V (ZENYF) announced 32.5 million CAD money equity financing. Part of the new capital is to market the company's air filtration product. Among the prime competitors to ZEN is G6! Don't be surprised if ZEN makes a run at G6. Doing so would eliminate a prime competitor, gain access to a valuable patent portfolio, and acquire substantial production capacity in the US. Dirt cheap G6 a feather just waiting to be plucked. Ironically, G6 sitting with about $4 million CAD in cash to partially fund its own acquisition. Don't be surprised.
  • O
    O'Really
    The big Canadian player in graphene just announced use of its species of graphene as a jet fuel additive that may allow jets fly higher and more efficiently. (Now in testing.)

    Maybe a pivot opportunity for G6...?
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