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After digesting the SEC information on the Armistice financing ..... IMO ..... Armistice only option to "monetize" i.e. ..... make money on these .... is for the stock to be as far north of the exercise price as possible.
IMO, the warrant language for cashless exercise indicates that can only happen at Armistice "request" if the registration statement covering the warrant shares hasn't been declared effective yet. Well I posted the SEC file on it ... and clearly SEC has provided notice of effectiveness.
That leaves Armistice only options to monetize being to exercise at their discretion .... or do nothing.
Exercise would provide ZIVO with $4.2 million for each series of warrants (exercise in full). $8.4 million total. I don't see Armistice doing that and definitely not now. Plus there are ownership restrictions for the exercise. My read is they couldn't exercise all of them at once anyway because the total would exceed ownership limits.
The other option for Armistice is do "nothing". There is a sentence in there that sez >>>>Notwithstanding anything herein to the contrary, on the Termination Date, this Warrant shall be automatically exercised via cashless exercise pursuant to this Section 2(c).<<<< .... which seems to indicate ZIVO would automatically do a cashless exercise on the term date of the warrants. (July 5, 2025). Armistice would only get shares on cashless exercise if the stock was above the exercise price ..... otherwise ... they get nothing. if the stock is above the exercise price, it depends on what the VWAP is going into the cashless formula to determine how many shares Armistice would get. If the stock price is close to exercise price, they get fewer shares .... the farther above the exercise price ... the more shares they get.
IMO .... let the march northward continue !
Amigo Mike
And one last note for the evening .... the language in the warrants for the cashless exercise option is interesting to me.
It sez
Here's more fun for you and everyone to chew on ....... =)
Our mgmt team has birthed a new LLC in the past month. Wondering why da bulls haven't mentioned it.
https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=CYBERFUELSENERGY%20L240003527330&aggregateId=flal-l24000352733-b9803dab-b36b-4f12-9083-1ae8d5ef2292&searchTerm=cyberfuels&listNameOrder=CYBERFUELS%20F140000025420
CyberFuels Energy LLC. CyberFuels Inc mentioned as member with Lawrence as a manager.
Presumably adding to the holding company portfolio ..... =)
Amigo Mike
Sparky,
Thanks .... this one is a tough one indeed .... and has been going on for far too long IMO.
I'm still of the opinion that CBRF is working towards a deal to support achieving their stated goals for the property.
The FDEP document history on the property shows work in progress and agreement on next steps for the property from a regulatory perspective. I'm sure that a prospective partner would surely want that information in hand to confirm there are no obstacles to development. Lawrence's updates certainly make it sound like CBRF is contributing the land and businesses to a JV. FDEP has also filed the documentation to be carried forward on the property as well with Hillsborough county. That said, there are no guarantees until the ink dries and money changes hands. =)
For now though I'm interested in seeing the annual report and any additional surprises ... or not ..... come with filing that information. The additive ..... if Green Path/Trucking Tower signed only a quarter of the freight executives they've had podcasts with for the last year for the additive, CBRF presumably would be pumping out some nice sales of the additive. But that all remains to be seen and surely if CBRF has signed a deal in that realm it is a headscrather as to why not announced.
We shall see,
Amigo Mike
JMHO,
Hitting this area and the level of warrant coverage is a non event given these shares don't exist at this point ..... and if they were to exist due to exercise, it is no different than an infusion of capital at what amounts to current market pricing.
If I'm Armistace, these warrants have different lifecycles. 1 is 2 years. 1 is 5 years. Roughly covering 250k warrants each. The warrants also have ownership limits and that makes it tougher to exercise them all at one time.
Personally I'd be happy with Armistace providing $4.2 million at the current prices on the 2 year warrants and they hold onto those shares.
And maybe they help run the stock up to about $35ish ... LOL. Double their investment, bring the public warrants into exercise range .... and they could cashless exercise the series B for 125k "freebies" which would amount to a hefty chunk of change profit. For $4.2 million to ZIVO (series A exercise) ..... at $35 .... ~$4.2 million profit on the series A. And roughly almost $4.4 million profit on a cashless exercise of series B. Triple your money. Then ZIVO could look to get exercises on the public warrants for additional cash at $33.
Just dreamin' of course. LOL.
Amigo Mike
Here is prospectus for your reading pleasure
https://www.sec.gov/Archives/edgar/data/1101026/000165495423009761/zivo_s3.htm
And here is the Class A Warrant info (this is half of the warrants) 2 year expiry
https://www.sec.gov/Archives/edgar/data/1101026/000165495423008880/zivo_ex41.htm
Class B 5 year expiry
https://www.sec.gov/Archives/edgar/data/1101026/000165495423008880/zivo_ex42.htm
Amigo Mike
Just to be clear it is not 500K shares unless the warrants are exercised ...... and Armistace pays ZIVO $8.4 million to do the exercise. No different than a PP at that price at the moment.
Like I said I'm pretty sure they have a cashless exercise option but that requires the stock to be higher than exercise price to generate value for the cashless share to be created.
Amigo Mike
Well,
1 ... it is warrants .... not shares to sell. Of course and institution like that can play games all they want
2 ..... they don't make money unless price is higher than the warrant exercise price.
3. .... I'm sure there is a cashless exercise as well which depending on "when" exercised ... can greatly reduce the number of potential shares.
So there are a number of variable that we can't know the answer to.
Amigo Mike
Definitely been a buyer ....... and continues to buy.
17.00 x 18.00 =)
Amigo Mike
LOL,
Ya still read that ? What value does it bring ?
Anyway, IMO, this week will be interesting to see if CBRF delivers the annual financials and what they look like. Granted they will be for the financial activity completed almost 3 months ago now ..... but should again show what's what in terms of whether they are doing any business or not. And of course mgmt should disclose activities since the end of the reporting people but don't expect much there.
IMO, CBRF should have been moving the company towards audited fins and cleaning up the reporting during this time and activities to move at least to OTC Markets. What are you paying a consultant for ? Also think it isn't good for the much hyped upcoming run up in the stock price to still be on the pinks. A large portion of the investing world won't touch a pinky, much less one with the poor record of disclosure this company has.
Would also like to see first shoe drop on a deal this week but not going to hold my breathe for that.
Amigo Mike
A couple small buys at $16 this morning to open ..... someone offering some size (relative to the action) at $16 but bid up to $15.50. Basically about 700 (692 displayed) shares remaining at $16 ... or at least that is for now. Gee next offer above that is $18.20 presently.
Fun times !
Amigo Mike
Hey Zhodar,
Good to hear you are still around. And glad to hear that Weasel and I have helped you learn along the way. Hopefully you are not too far in the hole on this one and maybe took advantage of trading opportunities along the way.
Anyway agree with what Weasel said.
The warrants I reference were part of the "uplist buzzcut offering". Are publicly traded under ZIVOW as Weasel noted. Not sure if you are familiar with stock options but they function similarly in that they have an exercise price (Currently $33) and an expiration (May 2026). But to exercise them it is alot more work than options. Anyway, you definitely should have an understanding of what you are doing if you should buy them. That said they can be bought and sold any time just like a stock. So that is an option as well and you do not have to exercise if you don't want to which you would only do if the stock is above $33. Bottomline is today, they have no value other than the value of "time" and are "out of the money" (common stock price is less than exercise price). So I am gambling. To have actual value and be "in the money", the common stock needs to go above $33 before May 2026 to have "real value". Easy example ..... were ZIVO to jump to $35 per share this week ... LOL .... the ZIVO warrants might have a value of $2-3 (common price - exercise price + time value = value). Personally I wouldn't presently have the desire to go through the exercise process and would likely sell them on the open market if that happened.
Also agree with Weasel in that it is very tough to commit new funds to a stock like this that if someone gets itchy, you can lose 30-40% in a blink of an eye, i.e. little to no fluid market for the stock and wide spreads. But to that point I do think again you gotta know what you are getting into if you buy a stock like this. As I've been saying, at this moment in time I see no reason anyone should be selling, but .... everyone has their own agenda and of course we don't have any idea what other investors goals/targets/position sizes/personal situations look like.
This stock has been resilient to say the least since the latest round of test results were announced. Someone is buying it steady IMO. And sellers are absorbed fairly quickly and the downdrafts get bought within a day or so. The key is watching to see if it continues and if there are any changes to that and the sentiment. Afterall sentiment is a big factor in stock prices as well. Did ZIVO deserve to be 48 cents last December ? Probably not. Does it deserve to be $16 now ? IMO yes ... and more ..... but sentiment and what someone is willing to pay at this point is anyone's guess.
We need more news from ZIVO. A plan, an update, no fuffy BS. Just ... what are you doing ? Still amazed no update on the expansion of algae production despite the assertion they have more demand than they can fulfill and or other avenues of potential revenue generation.
Anyway .... yeah I think minimum $20 .... but that's just me. =)
Amigo Mike
Just linking chart here for last 3 years.
https://schrts.co/yYaRwJgC
You can see why I am saying $20 area only gets the stock back to its historical valuation from prior to early 2023 ... prior to the cluster**** test screw up by major animal pharma ..... that was not ZIVO's fault ....... that cost the company more than a year of wasted time.
Coccidiosis is back on track and still think latest test puts an animal pharma in the driver's seat for comprehensive disease mgmt program. $20 is too low with validation by major animal pharma and a license with the understanding that this application can readily be applied to other animals in short order.
Amigo Mike
Yeah,
Certainly understand. I have only sold enough of the stock position to cover the cost of stock and warrants and take some money out to ride free and then "let it ride". That sell was also posted here. And follows what you and I have been doing here for years.
Dunno if you dabbled in the warrants but I was intrigued by the leverage possible there so I scooped some of public warrants end of last year as well. Mentioned them a couple times. So I have some added leverage with those. But strike on those is $33. What if we get some license news with major animal pharma ?? What is the stock worth eh ? I think those warrants would pay off bigtime. Ya know I think it is worth minimum $20 now ... without license ..... with license for coccidiosis for broiler chickens ..... I think it's worth at least double that.
Need more news from ZIVO.
Amigo Mike
So who gonna "flinch" into the close ......
..... personally I think a close above $15 for the week might open the door for a move to that $20 level I've been talking about.
Hmmmmmmmmmmm
Amigo Mike
LOL,
Well now I feel like I need to "prove it" as well ... LOL ..... although I think you and I have been as transparent as possible regarding what we are doing with this stock.
Mine is almost exactly same as yours as I had a leftover swing that I bought too early but most of that is .60 and .62 cents basis as posted here in early December last year.
Amigo Mike
Oh no question about that Weasel.
A more orderly and reliable market is key to many things ...... this very low volume action doesn't lend itself at all to trading. I don't think I could pull off any swing trading on this outside of trying to play junior MM and capture spreads. Not worth it and not enough volume to do it.
I actually don't think I should be calling my last buys a swing trade any more. Gee it's been 10 months now. Still holding strong.
Amigo Mike
And ..... at this moment in time ..... the beat goes on for ZIVO. Buy interest at the close yesterday and more buy interest today.
Granted we are not talking huge numbers but given the size of the float .... not surprising. Of course we'll prolly have that 3:59 on Friday seller ... LOL ...... but still melting northward and has ticked up to $15.50. $14 bid and more bid support underneath the hood.
Amigo Mike
Well of course,
Remember ..... its opinion and entertainment except for a rare post with real facts.
Funny that TEC "is ahead of schedule" yet documents filed this week that I quoted directly ........ show TEC asking for 60 day delay in the SOW deliverables and directly contradicts the notion they are ahead of schedule. TEC due dates are now out til March 2025. Obviously are not "finishing up". It is all in the documentation.
The notion of "approved" is also being thrown about haphazardly. The documents outline what was agreed upon to include a new PCPP agreement.
All in all, certainly positive steps in the right direction for CBRF.
Amigo Mike
TKS,
If you are asking about my post ...... I didn't offer anything other than information related to the PCPP agreement with FDEP and the work being done on the property.
John Lawrence is the person to ask whether the $18 million balloon payment was made. IMHO, the answer is no, the balloon hasn't been paid. IMO, that is absolutely material information and were it to have happened, CBRF would have to disclose it.
It is my opinion that the FDEP situation should not preclude CBRF from concluding deals ...... but I'm not an environmental expert nor am I a potential partner with CBRF to develop the property. Partners I'm sure will want to know they can develop the property without issue and within the confines of regulatory oversight requirements. It is question for mgmt as to whether this work is delaying closure of deals. But you don't see mgmt offering up much of anything worthwhile. For example, CBRF could have easily PR'd working with FDEP on new PCPP and TEC taking on the work ... outlined steps and add some color as to what it means to the project. But that is typical CBRF ..... everything in the shadows .... even basic sh&^. Little to no communication.
Amigo Mike
NENorth,
I might suggest stop asking questions here. If you haven't noticed there are few if any answers nor any discussion of real facts. That is the norm for this board and it is for entertainment purposes only unless you assess a post as having legit information. Still laughable to me that CBRF is on Ihub hot list daily when there is nothing of value here and nothing going on with the stock. Pump being primed.
Did you read the FDEP link and documents I provided which gives you an idea of what could be happening on the property ? If you did you would know the FDEP SOW for TEC included 3 deliverables with due dates running out til Jan 2025. Task 1 was completed and basis for FDEP approving PCPP agreement. Task 2 and 3 to be completed but of course could be completed earlier than the due date.
The 2nd task was due October 3rd that included installation of wells and sampling on 8 different locations on the site. However if you've been following along you would know a change order was submitted to delay the work. Direct from the documentation
LOL,
Not much ..... it is melting the wrong way though .... LOL.
Amigo Mike
To start the morning .... L2 looking super thin on both sides of the ledger thus far. Probably about as thin as I've seen it after the 300 shares action this morning.
Love the $13x$15.50
I guess we don't have many folks looking at this board any more. I know there used to be quite a few but I suppose most have moved on over the years. Oh well. Not shocking ... and I think many have left IHub as a result of some of their recent changes. No surprise there either.
Amigo Mike
Well,
Now we get that 1/2 point rate cut from the Federal Reserve. Very good for small caps and risk assets. ZIVO certainly in that category.
We've had a couple nibbles at $14 so far today. About everything else in between the bid and ask. That bidder for 5000 shares is still sitting there under the market at $9.51. Surely would be nice to get some added positive exposure. Of course I'm sure the major animal pharmas here don't want too much attention on it ..... =)
Let's continue the melt up.
Amigo Mike
The games are hilarious aren't they ?
Amigo Mike
Gwinner,
Right about now most corporations should be wrapping up budget and planning for next year. Looking forward to a major animal pharma asking ZIVO to the dance. Unfortunately my experience with these things is they never happen fast.
We shall see how it plays.
And looks like a couple MMs lined up at $14. Only 800 shares displayed. Wondering if those will be cleaned out and the melting northward resumes.
$30. License IMO given market size for broiler chickens and multiple vertical options for coccidiosis alone (turkey, swine) ... $30 is too low given the validation ..... and the latitude that first license should bring.
I have my tickets to the show. Just wondering when it gets on the road. =)
Amigo Mike
ZIVO is holding up nicely after latest test result news. Even melting slightly higher. Been a few buyers recently. LOL wouldnt mind melting to the $15 level. Volume is virtually nonexistent still but not unusual for a float that is less than 1 million shares.
I'm not sure there is a good reason to sell here unless you absolutely have to or are happy with whatever gains you may have currently. I would think most might still be underwater unless you subscribe to the Amigo/Weasel method of extracting profits from this name over the years.
You all know IMO this stock should be $20 with the latest news. But not enough buying to get to that level yet. $20 just gets the company back to near historical valuation but IMO latest test result puts an animal pharma in the driver's seat for industry first comprehensive coccidiosis mgmt treatment program inclusive of non antibiotic enhancement and full non antibiotic option.
Who is it going to be to pony up for a license eh ?
I am curious but how many of you are still out there or at least have contact with this board ? I know there are some lurkers that don't post or that post once in a blue moon. Curious if there are any new thoughts of late ?
Amigo Mike
You're welcome Sparky,
I try. Information is everything when it comes to investing .... especially so with companies like this. This one has been frustrating to say the least and defys most logic for a.company planning big things for the future.
But I am still of the opinion that CBRF can get the property monetized. The devil is in the details as to what all that looks like for you and me.
I think the information and agreement with FDEP is a positive step towards completing a deal.
Amigo Mike
Twas back to a relatively sleepy day. Seller I think may have been taken or pulled back. The offer very thin for what was being displayed most of the day.
Probably too much to ask ...... but we need some more positive news !!!
Amigo Mike
Mcbernie,
Had wondered where Carl was.
That is sad news indeed. My heart does out to his wife and family.
Definitely a sharp guy !
Amigo Mike
Looks like our seller has returned .... stepping on $12 again with some size. Not the smartest thing to do if you ask me but to each his own. Presently 1500 being offered at 11.98 .... so we'll see if buyer step in to take it ..... or that results in a cap and taken down.
Amigo Mike
Sure no problem,
Happy to help CBRF investors learn more about what's going on.
I'm 99% sure that I previously provided the below link to the board showing letter from CBRF lawyer at a time prior to the completion of the property purchase .... I'd encourage CBRF investors to keep links like this.
The link is directly to the FDEP site specific to the property named "BP Oil" which is the name assigned to the CBRF property. FDEP document specifics and history of the work and assessments on the property ...... you can see the action I've been watching the last couple months waiting on updates.
You'll notice last entry is email to Lawrence from September 5th informing of the approval.
https://prodenv.dep.state.fl.us/DepNexus/public/electronic-documents/8625775/facility!search
Amigo Mike
Slojab,
Looks like some action today ..... FDEP signed off on a Petroleum Cleanup Participation Program Agreement with Cyberfuels Gateway Terminal today.
Appears to be agreement on water and soil handling and restrictions as agreed to by the subsidiary and FDEP ..... and it conveys to any future owners of the property.
Lawrence signed off in July. FDEP looks like today.
Face value this agreement would appear to provide the boundaries for CBRF to move forward with development within the limits set forth in the agreement.
Looks to be a positive step to me.
https://publicaccess.hillsclerk.com/oripublicaccess/?instrument=2024377713
Amigo Mike
Looks to me like someone picked up 2000 shares at ~$12 today.
The mid $9s were and have been still showing at least 6000 shares bid.
So seemingly there is some support there.
Bottomline we all know we need more news from ZIVO. I don't think anyone will complain if the stock hangs on around $12 or better after the latest round of testing while we are waiting. It would be a 50% uptick ..... even though IMO ..... it is still not high enough for where I think the valuation should be.
Guessing on how long it would take to negotiate a license is very difficult. Alot goes into it and of course depends on who's playing and how bad they want it. I don't really think ZIVO is in a position to make much in the way of demands in a license situation as it relates to the money part of it. Royalties are likely to be fairly standard but things like upfront money and milestones ..... I hope we get to see it. =)
Amigo Mike
Yup,
Kinda looks like all the bids were sold into the last 2 days ...... leaving a pretty wide chasm between the bid and offer. Certainly need more from ZIVO but we know how that goes ..... couple days of euphoria ...... months of aimless drifting. LOL. I would definitely like to see 1 or 2 industry articles / interviews here.
My SWAG here is it will not be months before next PR. What that PR is .... could be many things ...... so we'll just have to wait and see. IMO it should not take an animal pharma all that long to decide on a license here. No doubt take longer to draft up the legal BS that is needed to outline the license and process ..... than to actually agree on doing it.
Amigo Mike
Bigger seller seeming stepping on ZIVO today. Can't say I'm shocked after a nice run and Mr Market have a bad couple of days.
Be interesting to see where ZIVO lands and how it plays out from here.
Mr 4900 shares still there at $9.50. Might get hit. Believe there is a seller with some size still in the $11s and pressing down on it.
Amigo Mike
Ok Gwinner,
Gotchya. I would surely like to see a sale of the company after the first license but I don't think that is what they want to do unless blown away with an offer they can't refuse. I get it .... they think they have new novel bioactive that has multiple vertical potential. No doubt in my mind either but for what this company is IMO they can only take it so far and there isn't a succession plan for Payne that I see.
ZIVO to 90 !!! LOL ..... um .... I told y'all I had GTCs in for ZIVO at $99.99 before. Funny .. today ... you can actually see that on L2 via ETRF as it isn't covered up presently. Do I think it is worth that ? Yes ... for new novel bioactive with multiple vertical options in but human and animal health. But will be see it anytime soon ? Not holding my breath on that though.
Amigo Mike
Hi Gwinner,
What milestone news article are you referencing ?
I think Payne has all these animal pharmas in the rolodex. But some think they know better. Whatever.
IMO, all of those animal pharma links I posted ...... they all should have an interest. IMO, there are probably some that have a broader approach to disease mgmt that I think might fit better than others ..... but at the same time, I would think the guys on the top of the heap and/or with a more narrow focus ..... should wanna protect their positions and/or expand and improve their product. The last test proved that ZIVO's bioactive does it all.
I'll take close of $14.25 today having absorbed a seller along the way. Not bad. It would be nice if ZIVO had more news right now.
Amigo Mike
Well so far today looks like someone did a market sell of about 1900 shares during lunch. Bid was $14.00 at the time and dropped it to $11.25. Slowly small size bidding it back up. Including buys at the $15 level.
Still thin action but it is what it is. Just not that much stock to play with.
Amigo Mike
Should be an interesting week for ZIVO.
Does the stock continue its uptick ...... does it take a rest and begin to establish new base ..... does it pull back and try to find a new base .... or does it give it all back and start over ??? =)
Anyone's crystal ball working well ? LOL ..... inquiring minds.
My personal opinion is ... there is still no reason to sell .... at least for me.
The news is as good as can be expected for the time being. Right now I believe most larger corporations are working on completing their budgets for next year so IMO it is good timing as it relates to a company allocating money to a new license opportunity. I am concluding based on ZIVO's presentation that there is more than 1 large animal pharma in the mix here ...... I think this is fantastic not only to increase the chances of a license ..... but potentially the addition of competition into the mix presumably that would spur some action as well as support getting a better license deal.
Let's see what happens here. I'd like to see license for coccidiosis in broiler chickens and immediate announcement of expansion into turkey and swine testing. Need to expand the vertical options quickly to show the markets there are more opportunities here. And getting a large animal pharma to jump in and pay for these new verticals would be added bonus.
Amigo Mike