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PYYX • Q3 Statement of Operations •
OS 25,000,000 | Market Cap $ 40,000,000 @ $1.60
https://www.sec.gov/Archives/edgar/data/939930/000093993023000032/pyx-20221231.htm
PYYX • Q3 Balance Sheet •
OS 25,000,000 | Market Cap $ 40,000,000 @ $1.60
https://www.sec.gov/Archives/edgar/data/939930/000093993023000032/pyx-20221231.htm
Great stuff snakess! The link provided links to the 2nd Q End of Sep PYYX reports...not sure that was the link you wanted? Great stuff regardless! :)
$100 in 2 years! :)
It'll be my first 100 bagger :)
$PYYX
Another 150k+ volume day sends this $5 and beyond
She's gonna BLOW! $PYYX
Okay here we go. Starting to get on the radars. About to get insane here
Let's see if she busts through the 52wk high of 1.85. Get back to $6+
PYYX peeps are finding this gem$$
just for your information the word is millions not milly's ! the word is billions not billy's
must be the under 21 club!
One reduces there value when they communicate "like" a child!
the fiscal yr ends March 2023 and management believes that $2 billion in rev
management raised the ebitda of $160 million for 2023
cash at the end of 3rd Q $218 million
Book value $6.00 ( includes a fair amount of intangibles )
They raised the prices of all products by 25%
Rev for the 3rd exploded to $655 million up some $225 million from prior Q
only lost .09 vs $1.20 for 2022 Q
25 million fully diluted shares
surprised that a major cig company has not bought this company out considering the tiny market cap
of $29 million
I believe that fourth Q could turn a profit - they mentioned thinks are even getting better especially South America.
fully reporting
worth many time the current share price - how about $10 as a buyout candidate or profitable turn around candidate
that has been over looked, but more eyeballs could create viral advance ( 72% owned by institutions.)
a serious strong buy at current levels- short and long term capital appreciation anticipated
Management are into this ESG garbage and they sell tobacco for cigarettes. Does not work, but that is how liberals think
All those 100 share prints kinda of scare me. Hope no dilution
Be nice if one day this opened 5$+ once folks find out the value
Like a time bomb here. Bid keeps increasing
Float only 25 million with billions in revenue? Loading up here. This will fly once everyone catches on
$PYYX: Wow............... almost $2Billy in 2023 Estimated REVS ???????
Lordyyyyyyyyyyyyyyyyy....................... and MarketCap only $29Milly for a $2Billy TopLine Rev generator.
Now at $1............. Got my attention for sure
Light em if you Got em.
GO $PYYX
$PYYX: They emerged out of BK with Zero Debt
Clean balance sheet and increasing top line revs from subsidiary FIGR and others.
https://static.seekingalpha.com/uploads/sa_presentations/793/86793/original.pdf
Tobacco Shipments to China hardcore buyers...................
GO $PYYX
Huge correction in pps coming to this gem. Nice volume eod that should continue today and shoot this sky high$$
$PYYX: MarketCap only $29Milly ?? It’s official! Our indirect Canadian subsidiary #Figr held a ribbon cutting today at its PEI facility celebrating the recent completion of its phase 1 expansion. Government officials & media attended, touring the added 210,000 sq ft of growing & processing space. pic.twitter.com/8ag8ieRvS3
And revenues in exxcess of $1Billy ANNUALLLY ????
Holy Crappppppppppppppppppp.... Gonna do more Research on this.
https://www.prnewswire.com/news-releases/pyxus-international-inc-reports-fiscal-year-2023-third-quarter-results-301746870.html
GO $PYYX
read the ER feb 14 2023
https://www.otcmarkets.com/filing/conv_pdf?id=16192823&guid=eY7-kFr_DsE_B3h
est. $2 billion in rev for fiscal 2023
EBITDA est $160 million fiscal 2023
$200 million in cash
$6 book
raised prices by 25%
convert debt into new debt
loss only .09 vs loss $1.20
only 25 million shares
easily worth $10.00 and a cig company might just buy them out
$1.00 super cheap and brought in smart bottom feeders
The advance should continue on Thursday
this third Q was a blockbuster
This clearly isn't ihub money. No chatter at all.... something gotta be going on for the eod loading. Even if it's a group frontloading before a pump.... could blow the top off here, blue skies the rest of this week?
Big money came in eod. May be an exciting few days here$$
I had a lot into PYX and got totally screwed out of everything like it was a joke. Isn't this a terrorist who killed the Pixus company in North Carolina and has taken over??
Pyxus announces new Board Members
http://investors.pyxus.com/investors/news/news-details/2020/Pyxus-International-Announces-New-Board-Members/default.aspx
My understanding is that the pre-BK shares (PXYSQ) were cancelled, and new shares issued for the emerging company (PYYX). Tons of filings out, but hard to determine valuation at this point. I think the OS is around 25M.
Stock has little to no value - bankrupt again?
all cash w prob go to interest on debt and capex for at least next couple years unless there is significant turnaround in business.
Maybe be better sell this and go w UVV
Pyxus International Inc., PYYX, added to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
Transfer agent says holders received $0.106698181 cash per share.
PYXSQ: bankruptcy PLAN effective Al shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 21, 2020
LOGO
Old Holdco, Inc.
(Exact name of registrant as specified in its charter)
Virginia 001-13684 54-1746567
(State or other jurisdiction
of incorporation)
(Commission
file number)
(IRS Employer
Identification No.)
8001 Aerial Center Parkway
Morrisville, North Carolina 27560-8417
(Address of principal executive offices, including zip code)
(919) 379-4300
(Registrant’s telephone number, including area code)
Pyxus International, Inc.
(Former Name or Former Address, if Changed Since Last Report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
?
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
?
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
?
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
?
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock (no par value) (1) (1)
(1)
On June 30, 2020, the New York Stock Exchange filed a Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934 on Form 25 with the Securities and Exchange Commission with respect to the registrant’s common stock (no par value) which became effective to strike the registrant’s common stock from listing on the New York Stock Exchange 10 days thereafter and will become effective to withdraw the registrant’s common stock from registration under Section 12(b) of the Act 90 days thereafter (or such shorter period as the Securities and Exchange Commission may determine).
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Introductory Note
As previously disclosed, the registrant, Old Holdco, Inc. (formerly known as Pyxus International, Inc.) (“Old Holdco”) and its subsidiaries Alliance One International, LLC, Alliance One North America, LLC, Alliance One Specialty Products, LLC and GSP Properties, LLC (collectively, the “Debtors”) filed voluntary petitions (the “Chapter 11 Cases”) under chapter 11 of the U.S. Bankruptcy Code (the “Bankruptcy Code”) in the U.S. Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) to implement a prepackaged chapter 11 plan of reorganization to effectuate a financial restructuring of the Debtors’ debt.
On August 21, 2020, the Bankruptcy Court entered an order (the “Confirmation Order”) pursuant to the Bankruptcy Code, which approved and confirmed the Amended Joint Prepackaged Chapter 11 Plan of Reorganization of Pyxus International, Inc. and Its Affiliated Debtors (as supplemented and amended, the “Plan”).
On August 24, 2020 (the “Effective Date”), the Plan became effective in accordance with its terms, and the Debtors emerged from the Chapter 11 Cases. Any capitalized terms not defined in this Current Report on Form 8-K have the meanings assigned to them in the Plan.
Item 1.02
Termination of a Material Definitive Agreement
Equity Interests
On the Effective Date, by operation of the Plan, all agreements, instruments and other documents evidencing, relating to or connected with any equity interests of Old Holdco, including Old Holdco’s common stock, no par value, issued and outstanding immediately prior to the Effective Date, and any rights of any holder in respect thereof, were deemed cancelled, discharged and of no force or effect.
Debt Instruments
On the Effective Date, by operation of the Plan, all outstanding obligations under each of the following debt instruments were cancelled, and the applicable agreements governing such obligations were terminated:
•
the ABL Credit Agreement dated as of October 14, 2016 by and among, amongst others, Old Holdco (formerly known as Alliance One International, Inc.), certain lenders party thereto, Wells Fargo Bank, National Association, as syndication agent, and Deutsche Bank AG New York Branch, as administrative agent and collateral agent;
•
the Indenture dated as of October 14, 2016 among Old Holdco (formerly known as Alliance One International, Inc.), Alliance One Specialty Products, LLC, as initial guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee, collateral agent, registrar and paying agent, relating to the First Lien Notes; and
•
the Indenture dated as of August 1, 2013 among Old Holdco (formerly known as Alliance One International, Inc.), Wilmington Trust, National Association, as trustee, collateral trustee, registrar and paying agent (as successor to Law Debenture Trust Company of New York, as trustee and as collateral trustee, and Deutsche Bank Trust Company Americas, as registrar and paying agent), relating to the Second Lien Notes.
Item 3.03
Material Modification to the Rights of Security Holders
The information set forth under Item 1.02 of this Current Report on Form 8-K is incorporated herein by reference.
Item 5.01
Changes in Control of Registrant
Pursuant to the Confirmation Order, on the Effective Date, the officers of Old Holdco became authorized to take all appropriate and necessary actions to dissolve, wind up, or merge out of existence Old Holdco. Pursuant to the Plan and the Confirmation Order, the business assets and operations of Old Holdco were vested in a new Virginia corporation, Pyxus Holdings, Inc., an indirect subsidiary of an additional Virginia corporation (“New Pyxus”) which has been renamed Pyxus International, Inc. upon completion of such transfer of assets and operations. Under the Plan, all suppliers, vendors, employees, trade partners, foreign lenders and landlords will be unimpaired by the Plan and will be satisfied in full in the ordinary course of business, and Old Holdco’s prior trade and customer contracts and terms will be maintained. New Pyxus will continue to operate its business in the ordinary course.
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
The Confirmation Order provides that on the Effective Date, each member of the board of directors of Old Holdco, other than J. Pieter Sikkel, shall be removed and shall be deemed to have resigned. Accordingly, on the Effective Date, and by virtue of the Confirmation Order, each of the following ceased to be directors of Old Holdco and are deemed to have resigned: Jeffrey A. Eckmann, Joyce L. Fitzpatrick, C. Richard Green, Jr., Donna H. Grier, Nigel G. Howard, Mark W. Kehaya, John D. Rice, Nathan A. Richardson and Martin R. Wade III.
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Pursuant to the Confirmation Order, on the Effective Date Old Holdco amended its amended and restated articles of incorporation (the “Articles”) to change its name to “Old Holdco, Inc.” and to include a provision, required under the Confirmation Order, to prohibit the issuance of nonvoting equity securities (as such term is defined in Section 101(16) of the Bankruptcy Code) to the extent prohibited by Section 1123(a)(6) of the Bankruptcy Code for so long as such Section 1123(a)(6) is in effect and applicable to Old Holdco.
The foregoing description of the Articles is qualified in its entirety by the full text of the Articles, a copy of which is included as Exhibit 3.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 9.01
Financial Statements and Exhibits
(d) Exhibits
3.1 Amended and Restated Articles of Incorporation of Old Holdco, Inc. incorporated by reference to Exhibit 3.01 to the registrant’s Annual Report on Form 10-K, filed August 24, 2020 (File No. 001-13684)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 24, 2020
OLD HOLDCO, INC.
By:
/s/ William L. O’Quinn, Jr.
William L. O’Quinn, Jr.
Senior Vice President – Chief Legal Officer and Secretary
The credits will at least keep the company to run for a few months. So, it's not bad for the shareholders as the stock may be hanging around for a while.
Nope. The Commons will be Cancelled as the company states. The funding is for the daily operations.
Does this mean commons not cancelled?
PYXSQ, 10-Q, revenue: $1 Billion. O/S: 9 million shares (tiny):
https://www.otcmarkets.com/filing/html?id=13901703&guid=O2FFUp6bWY9Bd3h
PYXSQ, the company obtained $75 Million:
Pyxus International, Inc. Receives Overwhelming Support of Creditors for Prepackaged Plan of Reorganization
July 22, 2020
MORRISVILLE, N.C., July 22, 2020 /PRNewswire/ -- Pyxus International, Inc. ("Pyxus" or "the Company") (OTC Pink: PYXSQ), a global value-added agricultural company, announced today that on July 20, 2020, the Prepackaged Plan of Reorganization of Pyxus International, Inc. and its Affiliated Debtors (the "Prepackaged Plan") was overwhelmingly approved by each class of creditors entitled to vote. Of those that submitted ballots, holders of 100% of first lien notes (holding over $266 million of principal) and over 99% of the second lien notes (holding over $524 million of principal) voted in favor of the Prepackaged Plan.
In addition, on July 22, 2020, the Bankruptcy Court presiding over the Company's Chapter 11 cases approved the Company's entry into a commitment letter for a $75 million revolving credit facility to be provided by Sound Point Capital upon the effective date of the Prepackaged Plan, subject to satisfaction or waiver of certain conditions.
"The level of support from our first lien and second lien noteholders in favor of the Prepackaged Plan, and the commitment from Sound Point to finance the company's go-forward working capital needs, reflects their collective confidence in our proposed restructuring transaction and future business strategy," said Pieter Sikkel, Pyxus' President and CEO. "The Company looks forward to working with its creditors and its other constituents to complete its restructuring process and emerge from the Chapter 11 in the near term."
The hearing to consider approval of the Prepackaged Plan is scheduled for August 18, 2020 at 9:30 a.m. ET.
http://investors.pyxus.com/investors/news/news-details/2020/Pyxus-International-Inc.-Receives-Overwhelming-Support-of-Creditors-for-Prepackaged-Plan-of-Reorganization/default.aspx
So, people are dumping PYXSQ and running away?!
Pyxus entire class of Common stock will be removed on July 13, 2020.
“to remove the entire class of the Common Stock (the 'Common Stock') of Pyxus International, Inc. (the 'Company') from listing and registration on the Exchange at the opening of business on July 13, 2020, “
PYXSQ, Yearly revenue: $1.8 Billion, every year since 2016, a Big Monster!
https://www.otcmarkets.com/stock/PYXSQ/financials
It was as high as $52 in 2018, $32 in 2019.
O/S: only 9 million shares, Tiny!
It’s current market cap. are just &4 million, extremely undervalued vs. its &1.8 billion revenue!
https://www.otcmarkets.com/stock/PYXSQ/security
Basically they are telling you to sell at current PPS cause it is higher than what they will be worth once/if they liquidate.
4 times market price at $0.40
PYXSQ (old symbol: PYX): 52 week high: $18.1, was $2.9 when delisted from NYSE on Jun 16, 2020. O/S: 9 m, extremely low!
Now, you see, PYXSQ is doing well today.
99% of BK companies (stocks) state that commons will be cancelled, it's a routine. The Q stocks are for trading. The values are in everyone's minds. Some Q stocks have some good performances, some not.
Anyone got a Value
Further, under the Chapter 11 filing, a prepackaged plan, referred to as the “prepack plan,” which contemplates that all outstanding shares of Pyxus common stock and rights to acquire common stock (i.e. options or warrants) will be cancelled. Each current holder of common stock will receive a ratable share of $1.0 million in cash, based on their current holdings. As part of receiving their portion, each shareholder must opt-in to required third party releases.
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"The world’s second-largest independent tobacco leaf dealer has been busy buying stakes in companies and forming joint ventures in emerging markets. The strategy is to sprinkle its expertise in agronomy over these businesses while expanding into such areas as liquids for vaping and Canadian cannabis."
Pyxus International, Inc., an agricultural company, engages in the provision of various agricultural products, ingredients, and services to businesses and customers. With 145 years’ experience delivering value-added products and services to businesses and customers, we are a trusted provider of responsibly-sourced, independently-verified, sustainable and traceable products and ingredients.
Pyxus International offers high-quality, distinct brands and products on the cutting edge of innovation and entrepreneurship in the E-Liquids, industrial hemp, legal cannabis and leaf tobacco industries.
Pyxus PowerPoint Presentation
The company was formerly known as Alliance One International, Inc. and changed its name to Pyxus International, Inc. in September 2018.
Pyxus International, Inc. was founded in 1873 and is based in Morrisville, North Carolina.
Pyxus International - pyxusintl.com
Global agricultural company w/ 145 years' experience as a trusted provider of responsibly sourced, independently verified, sustainable and traceable products & ingredients. Its CBD, E-Liquids, and cannabis companies are:
Bantam - bantamvape.com
Premium line of E-Liquids offering natural-tasting, artisanal, and real flavors, built from scratch using only food-grade materials that are fully FDA-compliant.
Criticality - criticalitync.com
North Carolina-based agricultural hemp company w/ a science-based approach to the extraction, refinement & formulation of high-quality, transparent industrial hemp derived products.
FIGR - figr.com
Locally grown, hand-crafted, high-quality cannabis that is fully traceable from source to market. Only available in Canada.
Humble - humblejuiceco.com
Humble Juice E-liquids was born from the single idea that hardworking, honest people can make high-quality juice at an affordable price. We are The Humble Juice Company. We are Made in The USA and we are proud of it
Korent - korenthemp.com
Expertly-crafted & responsibly-produced consumer cannabidiol (CBD) products, offering a natural path to improved well-being.
NICRIV - nicotineriver.com
Mixing flavor concentrates is an excellent way to make unique and layered flavors, but sometimes you just want something new straight out of the bottle. That’s why we’ve searched the industry for the best flavor concentrates and mixed them in-house for you. Nicotine River flavor concentrates are original, complex and verifiably tasty.
Purilum - purilum.com
E-Liquids & CBD flavoring and production with decades of scientific experience with complete traceability and batch labeling & an FDA-compliant predicate flavor library.
SENTRI - pyxusintl.com/sentri
SENTRI provides verifiable, accurate and comprehensive information on our products and methods, from source to customer, ensuring confidence-inspiring product integrity, while empowering industry-leading business insights. Covering 300,000 farmers across 5 continents, this platform combines technology, people, and processes to protect the integrity of our products.
Brands: Bantam, Criticality, FIGR, Humble, Korent, NICRIV, Purilum and SENTRI.
Industrial Hemp – Pyxus’ industrial hemp joint venture, Criticality LLC, (Criticality) continues to advance in the production of cannabidiol hemp oil (CBD) and related consumer products. The Company is receiving hemp and will be processing at its new facility in Wilson, NC, in December. In addition to producing bulk CBD products for industrial, B2B customers, Criticality will also manufacture and distribute a line of consumer products under the proprietary Korent brand. The effects of Hurricane Florence resulted in facility construction delays but had little impact on the current hemp crop. In spite of weather issues, Criticality maintains a strong focus on quality of product and optimal CBD concentration levels.
E-liquids – The continuous growth of our West Coast e-liquids businesses required an expansion of space from its 16,000 sq. ft. facility to a new 45,000 sq. ft. facility. The location enhances synergies and increases efficiencies for our Nicotine River, Humble Juice Company and our Zip Fulfillment operations.
Legal Cannabis – On October 17, 2018, the effective date for legalization of adult recreational cannabis use in Canada, Pyxus’ indirect Canadian subsidiary FIGR recorded the first-ever legal recreational cannabis sale on Prince Edward Island (P.E.I.). Additionally, FIGR was the only company to have oil available in P.E.I. and one of two companies to have oil in Nova Scotia on opening day. FIGR East (licensed under the name Canada’s Island Garden) received its Oil Production and Sales License on August 31, 2018, and is currently one of only 29 firms to have received an Oil Production and Sales License from Health Canada. FIGR products are now available for legal recreational purchase by adult consumers at all PEIMC retailers across P.E.I. and, with strong initial sell through at retail. For the first two weeks of sales, FIGR has attained 13% of the legal adult-use recreational cannabis market in P.E.I., and is growing market share rapidly in Nova Scotia. Also, following the announcement that the indirect Canadian subsidiary FIGR Norfolk (Goldleaf Pharm Inc.) received its cultivation license from Health Canada on September 28, 2018, the operation has begun cultivation at its Simcoe, Ontario, facility.
In this five-part series you see how your cannabis gets made.
Source: lift.co – Seed To Sale – This series is presented by FIGR.
In this five-part series you see how your cannabis gets made.
8001 Aerial Center Parkway
Post Office Box 2009
Morrisville, NC 27560-8413
United States
919-379-4300
http://www.pyxusintl.com
Sector: Consumer Defensive
Industry: Tobacco
Full Time Employees: 3,450
PYXUS INTERNATIONAL, INC. CIK#: 0000939930 (see all company filings)
SIC: 5150 - WHOLESALE-FARM PRODUCT RAW MATERIALS
State location: NC | State of Inc.: VA | Fisical Year End: 0331
formely: ALLIANCE ONE INTERNATIONAL, INC. (filings through 2018-10-02)
formerly: DIMON INC. (filings through 2005-05-11)
(Assistant Director Office: 5)
Get insider transactions for this issuer.
Institutional and Fund Ownership - Buyers
Source: https://fintel.io/s/us/pyx
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