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So basically Drnk shares will have no value other than some paint company that has absolutely no revenue after being in business for three years, Mersky also now wants Drnk investors to buy Snnc shares while calling them Warrants.
They are acquiring the assets and intellectual property of DRNK. They are not acquiring the shares of DRNK, your shares will stay the same
Sibannac will aquire Drnk, so what happens to investors shares of Drnk, forget Warrants.
Smog Armor Paint
https://www.smogarmor.com/
Companies that need to raise additional capital can do so by issuing additional shares of stock. However, these additional shares will dilute the value of existing shares, which can be a concern for shareholders. Some companies, therefore, choose to issue rights or warrants as an alternative means of generating capital. These instruments give shareholders the preemptive right to purchase additional shares of stock directly from the company, typically at a discounted price.
https://www.investopedia.com/articles/investing/062713/investing-stock-rights-and-warrants.asp
Ok cool. Thanks for explaining. I already own a decent amount of the other company. This sounds really positive to me on all fronts. The more I read on the paint thing the more I like the sounds of it. Being in so early of something that has potential to be absolutely massive
The warrants are like a dividend. Your not losing shares of DRNK. They will still be there the warrants are the option to buy for a discount. You will still have your Drnk shares whether you buy the discounted warrants or not. Your shares of DRNK shouldn’t change.
And can we choose not to use the exchange of shares and keep DRNK also? If we wanted to stay in with the paint company?
It’s my understanding based off of these PRs that holders of DRNK will be receiving shares of SNNC at a discounted market price in the form of a warrant. What isn’t known at this time is the conversion rate and price of the warrants but an example of what sounds like will happen is as follows. (Numbers used from here on out are made up)
Example: conversion rate 1 share of SNNC for every 1000 shares of DRNK.
So if I hold 5000 shares of DRNK I will receive the option to buy 5 shares of SNNC at a discounted price. If the market value of SNNC is .25 a share I can buy 5 shares at .15 and then in turn exercise the warrant for an immediate .10 a share profit.
Again all numbers are made up until they disclose what the numbers are.
Definitely can be confusing reading that. I’m hopeful we get more details on the upcoming investor call
Does anyone understand the below statement fully?
For example, if someone currently owns 40 Million shares of DRNK. Sinannac is going to register the warrants so that shareholder can convert them into freely tradable shares. After that the shareholder exercising the warrants must pay Sibannac the cash value of those warrants. Seems like we would be paying for the shares twice. When we initially purchased the shares and now to convert the to Sibannac pay again? Therefore, it seems like our current shares have no value after the merger if we essentially need to buy them again.
"Sibannac intends to register the warrants so that NOHO shareholders can convert them into freely tradable shares. Sibannac will price the Warrants at a discount to the market at the time of distribution, to the benefit of NOHO shareholders. Any shareholder exercising the warrants must pay Sibannac the cash value of the warrants, which will be recognized as income of the Company."
Sibannac will price the Warrants at a discount to the market at the time of distribution, to the benefit of NOHO shareholders. Any shareholder exercising the warrants must pay Sibannac the cash value of the warrants, which will be recognized as income of the Company.
All three parts of the transaction are expected to close within 24 hours, expected within the next 30 days. Sibannac and New NOHO Management to Discuss Continued Relationship for NOHO Revenue Sharing After the shot. Specific terms will be disclosed when the definitive agreements are signed.
https://eigenwijze.org/sibannac-to-acquire-the-assets-of-the-noho-brand-in-a-successful-three-way-agreement/
There was already a video call last June with numberous hot air balloons released which just seemed to float away and pop somewhere in another galaxy, so now to mark the one year anniversary of another hot air release to the date Soon, June will mark one year of Nothing..
NOHO, Inc. will be conducting a shareholder video call which will be open to the public to answer questions about the proposed Smog Armor, Inc. acquisition. The call will be scheduled within the next 2 weeks and registration information will be provided. https://finance.yahoo.com/news/noho-inc-hold-shareholder-investor-123000944.html
Please Mr Shillman, name one thing that Mersky has delivered, really funny that the reason for long delay according to you is this paint BS yet he continues to lead investors on and on with "Coming Soon" only to put out another misleading Tweet as the months roll by. Yes, as you say very repetitive and unproductive to continue to repeat same bullshit over and over and never produce one thing. Same One Shot can pictured for last ten years...Really?
Your posts are getting quite repetitive and unproductive. Isn’t it obvious now why there has been such a delay in all of this. They have been in talks with this paint company since last year and probably have held off on rollout of everything until all IP is transferred over to the parent company. Which in my opinion isn’t a bad thing. They have had so much time to dial in the products and productions of new products. On top of building an amazing team where everyone is fully up to speed. I see this as great news for SN*C and for DRNK has massive potential now with a new company taking over this ticker.
Investor Call Epic just like the Major News on some ridiculous paint nonsense and No New Nano Products, Advertising,Warrants, But Still Coming Soon.What a Joke...
June makes one year since webcast, where's New Products, Advertising, Warrants, and now this is Mersky's Green #nergy, some stupid ass paint with no sales for three years and one employee, time for another BS phone call to BS some more.
Investor Call coming should be epic
https://www.otcmarkets.com/stock/DRNK/news/NOHO-Inc-to-Hold-Shareholder-and-Investor-Call-on-Smog-ArmorR-Inc-Acquisition?id=357253
Mersky managed to get Yield Sign which he said was a mistake, funny but it's still there. Where's that great marketing team?
The NOHO NEW NANO TECH PRODUCTS WILL STILL BE ROLLING OUT SOON, KUNE WILL BE ONE YEAR SINCE ANNOUNCED.
It takes about 14 weeks for paint to dry and not be toxic so I guess Starbucks is now going to repaint all their stores with Smog paint, this is Mersky's idea for the Green Energy BS.
Wonder if Starbucks knows about this ad by Smog Armour that doesn'took authentic or if Ad is even legit.. we will know soon enough.
Still No New Products, No Advertising, No Warrants and this joke of some paint calling it Green Energy that hasn't made a dime in contracts for three years. Oh but Starbucks is Interested?
I googled smog armor and Starbucks. Found this. https://www.smogarmor.com/blank-5-2
Musician, where did read about Starbucks Chain being onboard? Link?
Yea, that would suck royally!!
Musicman 1: I think your logic is spot on. I am curious on what the actual "Patent" covers. Also, they need to determine the warrant to SNNC transfer ratio. For each share owned is a warrant going to be issued for a share of SNNC? Hopefully they do not give us heavily diluted share transfer ratio.
The only thing I think could be a game changer...is from what I read, if Starbucks world wide has agreed to paint all of their facilities with this paint, that in itself would be 3 - 5 million in paint. I'm sure other establishments will want to say the same thing about their business to get hundreds of thousands of pollution freaks into their buiness. Maybe even have some type of digital devices on the wall inside right telling of how clean the air is where they are in side this facility. Oh yea, Starbucks has 15,000 world wide, then of course CC's won't want to have customers siphoned away by another coffee houses pollution free invironment. And on and on with other restaurants and businesses makng peope feel good about the atmophere in their establishment. I'm just saying.....if Smog Armor has a patten on this paint, and doesn't sell it to anyone, and this Starbucks thing is true, .........look at first when I read about the paint, I laughed.....that was before I read about Starbucks chain being onboard with this. This could exploide people. Many busineses where people have to come into their establishment will not want to not have a Smog Armor paint sign on the door as you walk in. Just saying.......
In my opinion the below is extremely relevant. Will the warrants convert in a 1 to 1 share value to Sibabbac shares. Wonder if it will be 1 to 1 in share value. Are we all going to loose money on our shares, but have the option to purchase warrants at a discount.
"The valuation of the acquisition is currently being determined and will be made public once the definitive agreements have been concluded. Sibannac intends to register the warrants so that NOHO shareholders can convert them into freely tradable shares. Sibannac will price the Warrants at a discount to the market at the time of distribution, to the benefit of NOHO shareholders. Any shareholder exercising the warrants must pay Sibannac the cash value of the warrants, which will be recognized as income of the Company."
Ed7777777 has nothing to say on the Big News,, a long time supporter of Drnk is silent.
WHY IS THIS GREAT NEWS? SO FAR COMMENTS SAME REPEAT "GREAT NEWS...Explain Why? What does Mdrive and Dreamspan and Gary Kehoe have to do with Drnk? Inquiring investors want to know..
Agree , HUGE NEWS!!!!$$$$
%$$$DRNK$$$$
STOCK623... REALLY? Very Interesting indeed. Smog Armour Paint $7,000 in revenues.
JMC$ .. Since first and only post please explain how this is Great News about paint and no news of New Products of Nanotechnology concerning Drnk along with Advertising new products. So now it's Paint? Sibannac Warrants still coming soon? Yes indeed as you state Very Interesting.
This does sound very interesting NST, may have to buy more DRNK in the morning
https://www.newsfilecorp.com/release/123877/NOHO-Inc.-Enters-Letter-of-Intent-to-Acquire-Smog-ArmorR-Inc.-and-Transfer-NOHO-Brand-Assets-to-Sibannac-Inc.-in-Blockbuster-ThreeWay-Deal
Skipsvalue, referring to post, what does Gary Kehoe, Mdrive and Dreamspan have to do with Drnk? Why is this Great News?
Skipsvalue, referring to post, what does Gary Kehoe and Mdrive and Dreamspan have to do with Drnk/Snnc? Why is this Great News?
Huge news after hours !
PR out after close, markets closed hour ago, so how long is Mersky gonna drag it out, been a year already, he said PR not Tweet, why the stalling again. Guess waiting for everyone to go to sleep.
Congratulations. What were you able to sell at?
nice, indeed...time to buy (more)
Good call. Last time Iglow showed up after a long draught, I bought 12 mil shares and made a 50X bundle!
if so an easy 001 next monday
Volume: 8.3M...MM's won't be able to knock $DRNK down soon...$$$$$$$$$$$
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