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OPGN again HC Wainwright and Noam should be looked at by SEC and SDNY and be locked away for the way they have screwed over investors time and time again just to make a fee. Disgusting!!!!
HC Wainwright strkes again. STAY AWAY FROM ANY DEAL THEY DO! Not to mention Terri Norchi SUCKS! has to be one of the worst managers in the history of public companies!!!!
H.C. Wainwright an Noam Rubenstein strike again.. AVOID THESE CLOWNS AT ALL COSTS. do you know what the word SCUMBAG means?
No deals mentioned in terms of partnerships but they raised money and plenty in the past week. Notes since the year ended:
NOTE 15 SUBSEQUENT EVENTS
Management has evaluated subsequent events through September 30, 2019, the date on which the financial statements were available to be issued.
On June 28, 2019, the Company issued an unsecured promissory note to an accredited investor in the amount of $400,000. Subsequent to the balance sheet date, the company issued additional promissory notes with a total face value of $2,500,000 to the same private investor. The promissory notes bear 12% simple interest and mature on the two year anniversary of each note. The notes may be repaid at any time.
On September 26, 2019, the Company and the accredited investor entered into a Revolving Loan Agreement whereby the accredited investor agreed to lend the Company up to an additional $3,000,000. Amounts drawn under the revolving loan will be charged interest at a rate of 12% and shall be repayable at any time. All amounts outstanding under the revolving loan are due upon the expiration of the revolving loan facility on September 30, 2021.
In September 2019, the Company issued unsecured promissory notes to a second accredited investor in the amount of $3,600,000. The promissory notes bear 12% simple interest and mature on the two year anniversary of the notes. The notes may be repaid at any time.
On July 16, 2019 and August 1, 2019, a total of 11,000,000 common stock warrants issued to FlagshipSailsRx, LLC, our former sales and marketing contractor, were exercised pursuant to a cashless exercise feature. The cashless exercise resulted in the issuance of 9,172,157 shares of common stock and the cancellation of 1,827,843 warrants in consideration for the exercise price.
On September 25, 2019, the Company and Juneau Biosciences, LLC, it’s equity method investee, executed an amendment to the agreement captioned “Second Amended and Restated Subscription Agreement.” The amendment changed the schedule of payments due under the subscription agreement to purchase units of Juneau. The schedule of payments as of June 30, 2019 under the amended agreement is as follows:
Year Ending June 30
Amount
2020
$
1,984,000
2021
1,800,000
2022
5,300,000
2023
1,256,610
2024
-
$
10,340,610
-81-
Being Restricted does not mean it insider shares. It could be shares given to deal people, IR, payment in shares for services, warrants, privates. It can be freed up and sold when held 6 months and a day.
WTF!! Con artist running this circus?
Good God, Management sucks and so does the financiers on the board of Directors. Us shareholders got scammed it appears
How many times and ways were you warned? You were given fact after fact straight out of the filings by the company. Yates took you for a ride but you had multiple chances to get off the bus
AF is a broken record with little clout of the old days. Remember all the rumors of being paid by shorts then and now. Just take a look at his twitter feed and see he has a couple (and I mean mostly less than 5) likes or retweets and that is it! The pps on CVM is up tremendously in a bad market and was overextended this am technically, which is why traders sold. Potential is massive if data is good. Still less than 200 mil mkt cap! Take care all
Same BS to the downside. What a waste being in this company with the CEO doing zip!
there most likely will not be tax loss selling but rather no bid or cost too much to liquidate letters.. either way, it's a lost cause. Has anyone gone by there lately to see if anyone is even in the office?
Naturalcabana.com website is for sale and parked, buypulsedirect is now closed, ridiculous videos now all over with a cabana logo spliced in..what on earth are you people clinging to hold on to with this pos??
really? you're rooting cause it's not BK but .0002? Come on BobbyGee
Justin you Stink and suck balls as a CEO!!! Company and stock price are in the toilet because of you and your worthless skills of management.
HA, I like how you quote a message board tout as news. Good luck
updated financials? why? it's over peeps
So you traded away your superstar Yates for 50% of any potential gross net profit? LMAO You own basically half of what you did before and now its got really nothing but maybe a few bucks royalties which will get offset by tax loss carryforwards. Yates will have this pinkie til he croaks, this is worthless paper with nothing to show for it!
Yes, I have noticed the volume and PPS increase from the lows. Let's see if he can keep it going, get the pps up higher, do a reverse and uplist. Still a long way to go from the past years high
Hey, PLSB has a total of $30.80 worth of stock trades today!!Yippee, on double prints that's $15.00 a side...LMAO
Hey now Driller, why would it go BK? Its traded a whopping 86 cents worth of stock today lol
Its Over! however, the pink shell will still trade for a bit
Come on, they tried that with another food chain that was suppose to bring huge revenue and guess what.. NADA.. now you're attaching links for something not even associated. It's over Taco, what don't you get?
LMAO.. major announcements coming soon? oh please tell us..LMAO
Why would you even say that? PLSB is nothing more than a pink shell now that may get a few pennies of royalties down the road. Oh yea, they produced so much in profit over the past 6 years LMAO
Yates isn't running anything anymore. They've turned over just about all the rights to every worthwhile market for the product. This is nothing more that PINKIE traded pos that like all the "forward looking" BS pr yates put out will be lucky to see a dime. How much did they get for turning over the rights? Probably nothing or Yates would have said so in the PR. Give it a rest with hyping this company prospects.
Jack, TCA knew they we’re screwed when Yates decided not to file. Pinks are worthless these days to debt financiers as you can’t deposit them at clearing firms anymore. Just a joke and Yates will try and resurface selling some othe pos. I did always like Paddy though and I feel sorry for him and the other staff. I do not feel sorry for Yates or Horton though. Another pie in the sky story that crashed
That’s because there is a lawsuit regarding distribution in Hawaii. Do some research
Why on Earth would they update the financials? They have no money and they get some discombobulated formula for royalty participation. If they get anything in funds they will go to pay yates deli sandwiches. If you listen to the spin now, then you really do not have a clue. They couldn't give Hawaii because of the ongoing litigation. It's over except for a pink shell!!!!
It’s over. Let’s see 50% of gross net (lol) and someone else now has all the production They turned over the keys and may get royalties. Another good one. Paddy was the only one there that could be counted on. Bob PT Barnum Yates. Turn out the lights the party is over. Now it’s just a pink shell and that’s it!
wondering, where all the revenue from the betterforyou contract?? The news was announced 4 months ago, certainly they are shipping 100's of cases
Sure, come to our website and order, OOPS, OUT OF STOCK on all ade drinks..great job lol
Means nothing, just hype of potential news which is what we've been hearing for years
all DFW is a fulfillment company. look at the website. Nothing more nothing less
that's because there isn't anything to show other than smoke and mirrors
Taco, if so, then you're posting that you know inside information that is not PUBLIC and you got it from someone at the company which is also sharing non public information.
Taco, that's ok, you claim you know something and then speak in riddles and say nothing. typical of false hopes and dreams. How much are you down since you recommended this one? 95% +?
New Age Beverage no longer has cabana in the clearance section and appears not even CW available through them and they distribute or distributed the stuff. You do not have to be a rocket scientist
You understand you're quoting as a source, a supposed email received that is posted on IHUB. There is no product being offered except for maybe some CW.
change of what? maybe I'm totally missing something so please explain Taco
The dump seems relentless..
Give a call for yourself and see what's happening. For whom the bell tolls! 888-785-7314 DFW Supply