FLSR Gets Closer To Adding $3 Million In Funding!
Good Afternoon!
FLASR Inc. (OTCPINK: FLSR)
I am very excited about my latest trade idea and by the time I am done outlining its awesome setup I expect you to jump right behind it.
FLSR is a bit of a throw-back company. It offers a portable spittoon that allows people to enjoy smokeless tobacco. Think John Wayne on the rugged trail of bandits somewhere in the Midwest.
The company has become the king of the space and recently announced that it was closing in a $3 million funding round.
That news was released on April 27 but you wouldn’t be able to tell from valuation. You see, since February FLSR has added more than 782% to lower valuations. This has prompted a spike in investor interest and now volatility levels are racing away.
Consolidation is giving way to a revival of the company’s share price and a recent session saw a jump of nearly 13%.
I believe this latest jump is the bullish signal investors in the play have been waiting for so if you act now there is strong potential upside on the table.
The 50 DMA is resting at .05 and valuation is at .04 so by my calculations and at the time of writing, there is at least 25% waiting for near term traders.
I don’t know about you but 25% seems like easy picking for a play as heavily consolidated as FLSR. Plus, the news I mentioned above is yet to be priced in!
Make your move ASAP.
Here’s a link to the chart: http://www.barchart.com/interactive_charts/stocks/FLSR
About
FLSR (FLASR, Inc.) produces and sells portable tobacco flasks for tobacco and moist snuff users in the United States. It offers FLASR, a portable reusable spittoon system that is used primarily to contain moist tobacco by product.
Smokeless Tobacco Sales Taking Off – $5.7 Billion As At April 2015
Information Resources Inc. (IRI)’s Infoscan data shows that for the 52-week period ending April 19, 2015, c-stores rang up nearly $5.7 billion in smokeless tobacco sales, an increase of 5.8%. Of that $5.7 billion—approximately $5.4 billion—came from chewing tobacco and snuff, with only a small portion, slightly over $214 million, generated by spitless tobacco.
C-store retailers are seeing the consumer shift to smokeless products first hand.
Fred Faulkner, sales and marketing director for Jaco Oil/Fastrip Food Stores Inc. of Bakersfield, Calif., noted that he is seeing customers increasingly move to smokeless as an alternative to cigarettes due to smoking restrictions. “Flavor additions are a positive move (by) the tobacco companies. Packaging is a challenge since many of the flavors and styles all look the same. It can be intimidating for an employee to find the right item,” he said.
The main driver of smokeless sales at Fastrip’s 53 stores is moist tobacco, Faulkner reported, with the top performers being Copenhagen, Skoal and Grizzly.
Faulkner said c-stores need to redefine the smokeless space to make it easier to shop. They also need to delete older, slower items more quickly. Promotions, Falkner added, can encourage multiple purchases and create awareness in the category.
News Development
FLASR, Inc. Nears Completion of Restructuring and Securing of a $3,000,000 Equity Credit Line!
FLSR recently announced that it is almost complete with the restructuring of the Company’s stock. A reverse split has been completed and in effect since February 2016 and the share structure is much more attractive to investors and shareholders alike.
CEO of FLASR, Inc. founding visionary Everett Dickson is quoted as saying, “We could not be happier with the new reduced debt structure and credit facility. I personally feel it is much more conducive to attracting new long term investors. Furthermore, with the funding we have in place, the Company will be able to fill several large orders and substantially boost revenues!”
To learn more about FLSR please visit their website: https://www.flasr.com/
FLSR is waiting, get on it right now.
Warmest Regards,
