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I want to say 61 million. It'll be on their webpage. Versussystems.com
Any questions, just ask. I know everything about this company and what I don't know I can get.
Cheers,
H8
Thanks for the heads up I'll check it out. What's The float over there like
VRSSF Versus Systems BILLIONAIRE PLAY News out!
Versus Systems, Inc. Partners With Rockstar Energy
VRSSF
$GBSN Great Basin Scientific Announces Corporate Restructuring and Reduction in Principal of 2016 Convertible Note
Feb 10, 2017
OTC Disclosure & News Service
-
2016 Convertible Note amended reducing principal to $36 Million
SALT LAKE CITY, Feb. 10, 2017 (GLOBE NEWSWIRE) -- Great Basin Scientific, Inc. (OTCQB:GBSN), a molecular diagnostics company, today announced a restructuring and cost reduction plan that is designed to focus Company resources on areas that accelerate the revenue growth of its current commercial product line. As part of the restructuring plan, Great Basin has streamlined certain manufacturing and administrative processes and will eliminate approximately 50 employees nationwide. Between these changes, along with other previously implemented cost reductions and added efficiencies, the Company expects to remove between $10 million to $12 million from its annual cash burn. The Company also announced today that it has significantly reduced the 2016 Convertible Note to $36 million.
“Since the Company’s inception, we have focused on building a pipeline of molecular diagnostic solutions that provide a unique and powerful combination of menu versatility, ease-of-use and low cost,” said Ryan Ashton, co-founder and chief executive officer of Great Basin. “This investment in R&D and operations infrastructure has resulted in our current product menu of four FDA-cleared tests and panels with two additional assays in the 510(k) process at the FDA. Customer response to our expanding menu has been very positive, and we are undertaking these changes to assure that we are well-positioned to grow the Company aggressively and sustainably.”
The Company does not anticipate material pre-tax charges as a result of the restructuring and cost reduction plan. Several cost reduction activities will be initiated immediately, with all activities expected to be substantially completed by the end of the current quarter.
The Company is continuing development of its previously announced assays and expects to commence new clinical trials later in 2017.
2016 Convertible Note Amended
Great Basin has also reached an agreement with holders of its 2016 Convertible Note to reduce the Note’s principal by $35.6 million to $36.3 million outstanding as of February 9, 2017. In exchange, the amount of cash in the Company’s restricted cash account will be reduced to $21.5 million from $57.0 million.
“Our progress in terms of product menu, customer base and sales funnel expansion, along with the cost reductions we are implementing, led us to determine that the original funding available under the terms of the 2016 Convertible Notes was greater than we required,” said Jeff Rona, chief financial officer of Great Basin. “We appreciate the investment and support from our Noteholders and their willingness to work with us on reducing our debt obligation under the 2016 Note.”
http://www.otcmarkets.com/stock/GBSN/news/Great-Basin-Scientific-Announces-Corporate-Restructuring-and-Reduction-in-Principal-of-2016-Convertible-Note?id=150924&b=y
IFON (.60) nasdaq stock, financials the clue is there.. this year target MULTI-DOLLARS
OUTSTANDING SHARES 14.3 MILLION.
10.9 MILLION DOLLARS WORKING CAPITAL.
NO DEBT
CEO HOLDS 30.28% OF SHARES
could you post chart of IFON, thanks
~~~~ $QTMM~~~~ Why do I think that Quantum Materials Corp will be Quite The Money Maker? Here are the copious number of reasons for 2017 and beyond, aside from what is in the figure for "Applications Of Nanoparticles". https://solterra1.wordpress.com/2014/03/03/quantum-dots-whats-it-about/
AMFE 0065 news out cancelling min 40% of OS
Amfil Technologies Inc. Green Lights the Reduction of the Company's Outstanding Share Count By a Minimum of 40%
TORONTO, ON / ACCESSWIRE / December 8, 2016 / Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to announce to its shareholders and the investment community that last week the company's attorney was given the go ahead to contact the Secretary of State of New York and complete any and all filings necessary to amend our articles of incorporation and create a preferred share class. The reason for this is because our CEO & President Roger Mortimer has committed to retiring between 250M to 350M of his common stock holdings in the company in exchange for preferred shares. This roll up of shares owned by our majority shareholder in exchange for non-trading preferred shares should emphasize the long term commitment to the shareholders, and furthermore provides the ability for us to make potential acquisitions in the future in a non-dilutive manner.
With the company's public float with the DTC being under 200M shares yet our outstanding share count being over 700M shares, there was a bit of a disconnect in terms of our overall share structure. By having approximately 250M to 350M shares of the company's outstanding common stock retired, shareholders should see a dramatic reduction by a minimum of 40% of the company's current outstanding share count.
The company cannot give the exact date that this share reduction will take effect at this time however it is working diligently to get this process completed as soon as possible and does not expect that it will take very long. An announcement will be made verifying completion once this has been finalized and we will also be addressing progress within our operating subsidiaries shortly as well.
We thank our shareholders for being a part of our company and are excited for what the future has in store for us.
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
CONTACT:
Roger Mortimer
President
Amfil Technologies Inc.
Telephone: (647) 880-5887
Email: ir@amfiltech.com
Marijuana $PHOT
ALERT~~>>-(NBGGY)------------>(NBGGY)-------->-(NBGGY)
$CBIS "Cannabis Science is developing novel cannabis based approaches to treat the world’s most deadly illnesses."
Some key phytocannabinoids are:
tetrahydrocannabinol (THC)
cannabidiol (CBD)
cannabigerol (CBG)
cannabichromene (CBC)
cannabinol (CBN)
https://www.cannabisscience.com/index.php/about-cbis/corporate-overview
$AMRS Analysts Price Target $2.8: CEO: Record 3Q and 2H 2016, exponential growth in 2017 & Beyond http://seekingalpha.com/article/3999958-amyris-juggernaut-making
$FDBL Friendable Negotiating to Acquire Technology to Extend Its Brand and Boost Users http://www.marketwired.com/press-release/friendable-negotiating-to-acquire-technology-to-extend-its-brand-and-boost-users-otc-pink-fdbl-2164387.htm
$DNRG 'Dominovas Energy Corp #HydrogenFuelCells! Dominovas Energy Welcomes Appointment of Special Advisor for Renewable Energy Projects http://dominovasenergy.com/dominovas-energy-to-engage-with-shareholders-and-investors-via-conference-call/
$USMJ North American Cannabis Holdings, Inc., through its subsidiaries, operates in the legal cannabis market in the United States. It conducts various pilots in the legal cannabis sector in order to explore various high growth potential business opportunities. The company also operates a destination beverage company that enables consumers to interface with staff to learn about the specific benefits of cannabis, and select healthy and refreshing cannabis infused beverages, which include custom blended hemp infused coffee, cold pressed juices, and smoothies. In addition, it offers raw hemp seeds and other hemp infused foods. North American Cannabis Holdings, Inc. was formerly known as Algae International Group, Inc. and changed its name to North American Cannabis Holdings, Inc. in June 2015. The company is based in Dallas, Texas.
$USMJ North American Cannabis Holdings, Inc.
2523 Bomar Avenue
Dallas, TX 75235
United States - Map
Phone: 972-528-0162
Fax: 775-884-9383
Website: http://www.growusmj.com
$AMRS "Amyris is developing cost-effective and sustainably produced natural oils and aroma chemicals commonly used in the Flavors and Fragrances (F&F) market.
Many of the natural ingredients used in F&F are expensive because there is limited supply and the synthetic alternatives require complex chemical conversions.
Utilizing our biotechnology platform and industrial fermentation processes, we convert plant sugars into cost-effective, sustainable F&F ingredients. By sourcing multiple sugar feedstocks we decouple our production process from the price and supply volatility of natural oils and petroleum, allowing us to produce ingredients reliably and at scale.
We are focused on delivering value in three key areas of the F&F industry:
Providing an alternative, reliable, and cost-effective supply of well-known and highly sought-after ingredients which suffer from pricing, availability or sustainability concerns;
Creating new “building blocks” from which novel and cost-effective ingredients can be developed; and,
Developing new and unique ingredients for our partners to be used directly in fragrance and flavor compounds.
Amyris is currently working with Firmenich, IFF and Givaudan, some of the world’s largest F&F groups, to bring multiple products to market resulting in creative new aromas and tastes for the consumer to enjoy."
https://amyris.com/products/flavors-fragrances/
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Chart for MNII? .22 stock with 1.28 million confirmed OS is owed $48 million from Cuba. Talks take place thurs and fri this week. Could be biggest play of 2016 by far!
PPMH up to 0.72! news is out! https://www.prlog.org/12572362-platinum-pari-mutuel-holdings-acquires-rugged-outdoor-computing-systems.html
Scam stock. Pump n Dump
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_____ FDBL watch J_LO video EXPLOSION NEXT WEEK
Jennifer Lopez new video shows Friendable app.
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Clay,
This is the best video you have ever posted on IHUB. I remember when I was starting out as a trader and didn't have the 25K plus available in my account. I hated that rule. Good advice. I'll give you this one. I hope everyone watches. Have a great weekend.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122137071
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ClayTrader: Regarding IDCC. TIA
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120756402
Congrats on your family. Thanks for checking in.
Been taking care of two kids under two years of age since last time we chatted. I am a father now, so I do not have a lot of time to trade. But, from time to time I do and thought it would be cool to check in with Ihubbers. Hope all is well and still love your chart vids.
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BMCS news
BMCS to Develop Anti-Zika Virus Products
BioTech Medics, Inc., (Pinksheets symbol:BMCS) announced today that the Company is developing a new antimicrobial FDA Class I persistent antiseptic that can be used to help thwart the unintentional spread via sexual contact of the Zika Virus with a person whom may be infected.
Dallas, TX -- (ReleaseWire) -- 02/09/2016 --On 2 February, the Centers for Disease Control and Prevention (CDC) officially declared that the Zika virus has been transmitted through sexual contact in Dallas, Texas. The virus is usually transmitted by the Aedes mosquito, but scientists discovered the Zika virus can be passed through sexual contact.
BioTech Medics is the owner of patented SHBAN alcohol free persistent antiseptic hand and body sanitizer. BioTech's scientists believe that they have developed two safe products that in conjunction with the use of a condom will help thwart the spread of the Zika virus through sexual relations.
If a male uses the odorless and colorless SHBAN spray on the condom and hands prior to having sex and a female uses the SHBAN spray on her hands together with the SHBAN feminine douche prior to sex, should the condom break or there be an accidental release or spreading of semen in the vagina or vaginal area within four hours use of the SHBAN, the SHBAN persistent antiseptic should kill the virus based upon laboratory tests of SHBAN's active ingredient efficacy in killing other similar viruses.
The Company anticipates having the new products on the market by third quarter this year.
About BioTech Medics
BioTech Medics is a 19 year old Wyoming corporation with offices in the Dallas-Fort Worth Texas metroplex.
BioTech Medics has three areas of alternative medical expertise:
In conjunction with a Colorado medical device company, BioTech was in 2004 an innovator in High Powered Deep Penetrating Therapeutic Medical Laser treatment and proprietary medical laser protocols. BioTech Medics created an affiliated group of 5 Laser Wellness Centers in 4 states dedicated to helping patients improve the quality of their life without drugs or surgery.
BioTech Medics developed in 2005 a superior a green environmentally friendly Class I persistent patented antimicrobial solution that is odorless, safe (when used as directed) non-toxic, gentle on hands that kills 99% of germs & bacteria. SHBAN binds (inhibits) viruses.
BioTech Medics has developed proprietary Nutraceutical products. Our first product we sold was BioBody Balance liquid vitamin concentrate.
Safe Harbor: Forward-Looking Statements
This release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). Such statements are subject to certain risks and uncertainties; actual results could differ materially from those expressed. The FDA has not evaluated the SHBAN statements above. SHBAN is not intended to diagnose, treat or cure any disease.
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