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Is co. Finally buying back shares?
Wipeeeeee!
Yes, just a hair over 7 million O/S left in a float of 10 mm. And, the BOD announces they just might buy an additional million shares.
Book Value @ $7.20--which gives it nearly a 1/1 ratio of Price to Book.
So undervalued right now.
See everybody at $10.
WHAT IS GOING ON WITH THIS POS! $7..AND CAN'T BREAK $8
I sold a small position in FULL for another play before the drop, unbeknownst to me that this would soon drop by nearly two bucks PPS for a little bit. But if I had the liquid tomorrow I would buy and buy as many as I could. Monthly dividends rock, aside from being able to ride a rebound from an overreaction to news.
FULL Chart: Bullish Harami reversal pattern is forming today off MA(200) @ 7.55 support.........the key level to break and close above is MA(50) @ 7.95........checkout today's candle......perfectly formed between MA(200) support and MA(50) resistance........aren't charts cool?........got to love it!..........$$$
FULL: On 11/7/13, FULL announced a regular monthly cash dividend of $0.067 per share, payable on 4/15/14 to shareholders, with an ex-dividend date of 3/27/14.
FULL / CANN: Full Circle Comments on Trading Halt of Advanced Cannabis Solutions, Inc.
Posted by: admin Posted date: March 27, 2014 In: News
http://www.ganjanews.org/news/full-circle-comments-on-trading-halt-of-advanced-cannabis-solutions-inc.html
RYE BROOK, N.Y.--(BUSINESS WIRE)--March 27, 2014--
Full Circle Capital Corporation (NASDAQ:FULL) (“Full Circle Capital”), in response to numerous investor inquiries, today issued the following statement on the trading halt of Advanced Cannabis Solutions, Inc., a portfolio holding of Full Circle Capital Corp.
Full Circle Capital Corp. entered into a purchase agreement with Advanced Cannabis Solutions, Inc. to fund $30.0 million of senior secured convertible notes in January 2014. In conjunction with the closing of this agreement, Full Circle Capital purchased for $500,000 warrants to purchase 1.0 million shares of currently unregistered common stock of American Cannabis stock at a $5.50 per share exercise price. To date, these warrants have not been exercised, transferred or sold. Further, none of the senior secured convertible notes have been funded and Full Circle Capital retains the contractual right to fund these notes at its sole and absolute discretion.
About Full Circle Capital
Full Circle Capital Corporation (Nasdaq:FULL) is a Rye Brook, New York based closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Full Circle Capital lends to and invests in senior secured loans and, to a lesser extent, mezzanine loans and equity securities issued by lower middle-market companies that operate in a diverse range of industries. Full Circle Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments. For additional information visit the company’s website, www.fccapital.com.
Forward-Looking Statements
This press release contains forward-looking statements which relate to future events or Full Circle Capital’s future performance or financial condition. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Full Circle Capital’s filings with the Securities and Exchange Commission. Full Circle Capital undertakes no duty to update any forward-looking statements made herein.
CONTACT: Full Circle Capital Corporation
John Stuart, Chairman & Co-CEO
914-220-6300
jstuart@fccapital.com
or
Investor Relations:
Lippert/Heilshorn & Associates
Stephanie Prince/Jody Burfening
212-838-3777
sprince@lhai.com
SOURCE: Full Circle Capital Corporation
Copyright Business Wire 2014
Access Investor Kit for Full Circle Capital Corp.
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US3596711040
FULL Chart: Bounce Radar...........$$$
Not enough meat on that news to drop pps a buck and a half, IMO.
Me thinks it is time to buy!
Full Circle Capital falls after SEC halts Advanced Cannabis trading
Shares of business development company Full Circle Capital (FULL) are sharply lower in early trading after the SEC halted trading in shares of Advanced Cannabis Solutions (CANN), an OTC Bulletin Board stock in which Full Circle holds an investment. WHAT'S NEW: Trading in shares of Advanced Cannabis on the OTC market has been suspended by the Securities and Exchange Commission until further notice, according to a halt notice posted to the OTC Bulletin Board website. WHAT'S NOTABLE: Full Circle Capital disclosed in its quarterly report on Feb. 10 that on on Jan. 21 the company invested $500,000 in warrants as part of a $30M dollar senior secured convertible note purchase agreement with Advanced Cannabis Solutions. PRICE ACTION: In morning trading, shares of Full Circle are down $1.48, or 16.9%, to $7.28.
$FULL related: CANN suspended/halted by SEC:
Advanced Cannabis Solutions Inc. Suspended By SEC
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99557778
http://www.sec.gov/litigation/suspensions/2014/34-71814.pdf
http://www.sec.gov/litigation/suspensions/2014/34-71814-o.pdf
Lol what a horrible call.. Like selling CANN at 17 before it went to 60 or mcig at .35 before it goes to .80... Or phot right before the new year rush. Or buying full...
I just sold my measly 30 shares
i bought this for CANN just like everyone else
by the end of the week this will be 5-6 bucks
good call AB
LOL
Lol yea I sold all my shares this am.. CANN getting suspended.. Didn't see it comin man
Scoop up these cheap shares for a nice dividend and stable mid to long term play
Indeed it is. GL
Thank you. This might be a good place to take a seat for awhile and observe.
Most people I know in this have parked earnings here for the divvy. This is a solid giant but she moves sort of slow compared to other tickers in the space. It is another way to play CANN.
I would think people would be investing and talking more then they are here.
They funded CANN.
What does full do exactly?
The value here is HUGE at this level. Now is the time.
Took a hefty position here this morning. Massive upside potential. Company is solid with great management and a business model likely to produce substantial revenues looking forward.
Looking great in here, and stable. $10 coming
Absolutly correct
Only a matter of time with FULL. When the new earnings report comes out this should rocket up to 11-12 dollars!
New Seeking Alpha article :
Full Circle Capital Has Both Kinds Of Green - 90% Upside On A Call Option In Advanced Cannabis Solutions
http://seekingalpha.com/article/2072633-full-circle-capital-has-both-kinds-of-green-90-percent-upside-on-a-call-option-in-advanced-cannabis-solutions?
9.34 ? 0.4762 (5.37%)
Volume: 907,326 @ 11:00:27 AM ET
Bid Ask Day's Range
9.33 9.4 8.85 - 9.59
The bank accepted my order...Wells Fargo does not know about the MMJ here....SHHHHHHHHHHHHHHHHHHHHHHH
true but major dilution at CANN if that occurs. FULL stands to make millions....
FULL should convert their CANN shares today and return that to us in a fat divy
I just read FULL's press release and these is positive correlation between the two stocks. FULL will make a fortune on CANN due to the $5 conversion option. They will be able to convert into many shares worth many times more its investment. It's bad news for CANN since it will heavily dilute its shares unless the conversions are done in an orderly manner without disturbing the markets. I'm a believer in full. You have my attn,
It's trailing CANN, they are interrelated. So no, it has a long way to go. If you d.d. CANN, you will understand the relationship.
Nice :) I like how you think
CANN it switch to a REIT, REAL ESTATE INVESTMENT TRUST ?
Who cares? FULL is essentially a mutual fund, they invest in much more than weed
Full's value of shares from CANN are worth 80 million $$. See article: http://seekingalpha.com/article/1962991-full-circle-capital-raises-cash-to-buy-pot
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