Pennexx Foods Inc (PK) (PNNX) News

Looks like more selling will happen today.
OTCN on the Ask keeps lowering the SP to be the top MM on Ask. Is not allowing anyone to be with an Ask lower.
OTCN on the Bid side is also leapfrogging any Bids higher.
OTCN obviously an automated order MM.

The shareholders meeting has historically been in January. I did not hear of one happening this past January.

I have yet to see or hear from a board member mentioning anything that is happening around here.
I would really like to hear from Scott Matthews.
PNNX teamed up with iTouch in November 2022 and have nothing to show from it yet.

Is the board of directors handcuffed? When is the next shareholders meeting?

Even if the 3 months of "free" service is still a thing, at the end of September, it was PR'd 106 zip codes had been licensed at that point in time. They started licensing in July.
Let's look at a conservative scenario.
Let's assume the best case is those 106 zip code areas had free service in Q4 (Oct - Dec), they should have started paying in January.
Even if given an extra month....starting in Feb.
Where is the revenue?

What happened to allowing customers 3 months free

I believe the security company is no longer being used. It appears Vince may be trying to tackle the problems himself. And look what we have to show for it. We have seen Vince's misspellings in PRs and Tweets. Can you imagine the mistakes being made in the coding!!! We are doomed.

The revenue lie hurts. Is not the first time either.
When you go to the awmlocal website, it says the starting rate for customers to pay is $399.
PNNX had $291 in revenue. Not even 1 customer signed on? How are revenues "strong" per Vince's tweet?

What are the board of directors doing for PNNX? Thought they were supposed to help guide PNNX? Are they just a name and collecting advising services for doing nothing?

IM ALL IN ON GOLD AND SILVER, AT LEAST I CAN PHYSICALLY HOLD THAT, LOL

DONT FORGET, I HAD BEEN TO THE OFFICE AND HAVE DONE SUBSTANTIAL RESEARCH, MY OCD HELPS WITH THAT.... LOL

GUYS, I HAD HIGH HOPES FOR THIS COMPANY, I CALLED AND TALKED TO CYBER TEAM US A YEAR OR SO AGO, TALKED TO A GUY, (CANT REMEMBER HIS NAME)... HE TOLD ME THAT HE WORKED FOR THE NSA IN THE PAST, AND GAVE ME HOPE THAT THE APP SECURITY ISSUE WOULD BE RESOLVED, I TALKED TO VINCE SEVERAL TIMES, HE SAID WE HAD A SECURITY ISSUE WHEN THE APP WAS SENT TO THE APPLE STORE, AND VINCE ALSO TOLD ME THAT THERE WAS SUBSTANTIAL REVENUE GOING TO BE SHOWN ON THE FIRST QUARTER REPORT, NEEDLESS TO SAY, I DONT LIKE TO BE LIED TO, I NOW HOLD NO POSTION WITH THIS COMPANY, IM GLAD THERE WAS A LARGE BUY ORDER SITTING FOR A WHILE AND I WAS ABLE TO SELL........AT THIS POINT I WILL WATCH TO SEE IF ANY PROGRESS WAS MADE, GOOD LUCK TO ALL, NO DIFFERENT THAN ANOTHER COMPANY I HELD THAT COULDNT SELL AIR PURIFIERS IN A PANDEMIC SITUATION, THESE OTC COMPANIES ARE PROVING TO BE ALL THE SAME, SUCKS TO BE LIED TO..........

Mahalo for the update

PNNX is back to being Pink Current.
Still shows as a "shell risk".
That is most likely appropriate being that they have stated and promised revenues over the past years and have nothing to show for it.

PNNX became Pink Limited status for some reason. They filed the Q1 on time. Was an error noticed in the filing? Time will tell.

Surprise, surprise, surprise.

All of them = clown show.

GLTA
Ferro

Nothing to be happy about with $291 in revenue. What happened to "strong sales" tweeted by Vince?
Someone has to step up and communicate what is happening with this company.
Been promised sales and revenue in different forms and fashion and nothing has panned out.
What happened to I touch partnership?
How is there only $291 in revenue with the new business model?
What happened to the app?
What is happening with anything about this company?
Why is nobody communicating?
What is the involvement of the board of directors? Have they no power to do anything?

Happy reading....

https://www.otcmarkets.com/otcapi/company/financial-report/402650/content

GLTA
Ferro

I heard, real good. In as little as 5 to ten years it may work.

How is the App coming along?

I hope there is some revenue... However, I don't think there is any amount of phone calls or tweets that will overcome the sheer level of ineptness this Company is plagued with. Sorry to come off as negative, but I am tired of the misleading statements and lies from Management over the years.

Q1 should be an indicator.
Let's see what's reported next week.
If no revenue is showing up, then we need to bombard PNNX with phone calls or maybe Vince's Twitter profile.
Email is of no use. Tried an email campaign in the past and they were all ignored.

Anybody know what if anything is going on.

Great volume but

Thank you for that observation. We all feel better now.

Joe's full of shit. As is Vinny.

This company is a joke. Dilution is coming.

I kind of feel bad for Joe seeing his good idea with the consumer and business pretty much destroyed by the power's that be behind this non public company. It's pretty much turned into the typical OTC pinky minus the dumping of shares so far.

GLTA
Ferro

I see in the attorney letter, they put the following statement:
The issuer is not a “shell company” as defined in Rules 405 of the Securities Act of 1933 and 12b-2 of the Exchange Act of 1934.

Would be nice for them to inform the shareholders what is going on behind the scene.
So far, we see nothing. We have a website and public statements that have not materialized.

At least they're keeping up with filings.

https://www.otcmarkets.com/otcapi/company/financial-report/399473/content

GLTA
Ferro

Nobody knows because Vince never finishes anything.

I wonder how the app is coming along???

Yes. I agree with your sentiment.

It’s sad. So much potential.

Personally, I will be shocked if there is revenue.

We have the Q1 financials due by mid May at the latest.
If there are no revenues on it, then Vince's word means absolutely nothing and he cannot be trusted with anything he says anymore.
He said sales was strong in January in a Tweet.

Good afternoon Vincent what’s going on ? Anything coming up?

Vince is nothing more than a figurehead around here. The real problems are the ones running this company from behind the scenes, they seem pretty clueless when it comes to running a pubic company since they do everything opposite of what a public company is supposed to do. They should of just went private. I would say a lot of investors here are only hanging around because the SS is still intact. It's sure not from what they've accomplished in 5 yrs.

GLTA
Ferro

I can certainly relate to your frustration.
Vince has made many statements that have not come to fruition.
At least there is a 1 Million share Bid at .045.
Let's see how long that remains before someone else dumps on it.

Ain’t that the truth

guys, i reread the reports the other night, it looks like the ralstons invested initially and were added to the investor 5 percent list, sure not looking good for insiders at this point, vince told me himself that we are selling rights to this software/app..... if we dont show any sales this quarter, im out.... i can only take so much lying, considering the world right now, we all know lying is the new trend, IM BEING CONSERVATIVE WITH THAT STATEMENT, THE WHOLE DAMN SYSTEM IS RIGGED AGAINST THE SMALL GUY......

Shell Risk badge has been added to PNNX profile on OTC Markets.
What say you PNNX?
Is Q1 going to prove OTC Markets wrong in adding that badge?

Right... and another year older. Maybe one day.

GLTA
Ferro

One thing I have learned holding this stock... There is always hope for next year. Lol

Hey 2.00 is more than 1.00 maybe that's his interpretation of strong sales lol.

GLTA
Ferro

Very expensive toilet paper at the moment.
Vince tweeted that sales is strong in January.
Better see some revenue in Q1 ER!!!!
We'll know Vince's interpretation of strong in 1 1/2 months.

Well, it looks like the Ralston's and the rest of the insiders hold a lot of worthless paper at this point. Maybe at some point they'll realize they're a publicly traded company and start to relay information to their shareholder's on where the company stands today. But I guess you've had to done something to be able to do that.
The Ralston's have to feel pretty good about all the paper they hold here with Pennexx.

GLTA
Ferro

10K released.
Just as expected....no revenue from the new business model.
Now we sit in the dark until Q1 release.

Come on Vince now's your chance to get a good pump in when the Annual drops on April Fool's Day on Monday. Lol

GLTA
Ferro

Now if they could only deliver some stellar news finally to go along with the best thing going around here to date, the SS.

GLTA
Ferro

https://www.otcmarkets.com/stock/PNNX/security

Nice to see some chatter on this board. Maybe someday it will be full of us " high fiving" each other. Lol

The potential and the SS is what keeps most investors around IMO.

GLTA
Ferro

Some would think that Vince has a problem with telling the truth with shareholders. Pretty sad he's the guy in the leadership role around here. It's time for the money around here to wake up and figure out he's not the right guy for the position obviously.

GLTA
Ferro

I have talked to the “cyber” people last year some time, the guy I talked to told me that he worked for the NSA, which told me they are the real deal, I was under the assumption that we had a security issue with the App, I’m also assuming that this is the hold up, Vince told me they were going back and forth with this issue, with the Apple people, he actually mentioned 21 times it has been back and forth trying to mitigate the issue….. not sure where we are as of yet, it’s just getting tiresome waiting with no information. Hold and hope I guess?! Not a good strategy, Smdh