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"They will continue to burn and dilute if granted approval to go to 500 million shares."
Didn't take long, did it? The repricing of 11.2 million warrants from $2.05 to .47 was a nice kicker.
I will vote NO on every proposal. This CEO has failed miserably, and the lack of corporate governance on the part of the BOD requires the BOD to be swept out as well. These people have enriched themselves, made ill-advised acquisitions, failed to execute on the tobacco side and have an unsustainable burn rate. They will continue to burn and dilute if granted approval to go to 500 million shares.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001347858/0bdef32e-82c1-4332-81f6-bcd38bc75d62.pdf
This is acting like it will blow through triple-bottom territory before the March 9 ER. IMO, the only thing that prevents that level being breached would be a massive increase in store count prior to the ER.
From Jan. 18 PR: "22nd Century's VLN® products are now available for purchase by eligible Core-Mark and Eby-Brown customers as a part of 22nd Century Group's state and regional rollout program."
And yet the store count hasn't moved so we need some clarity. Is the product not moving or is it simply a matter of the website store count not being maintained? Are there sufficient quantities of product on hand to continue the rollout? What defines an "eligible" customer?
I'm already thinking the GVB numbers will be a cluster, like most I didn't get into this for hemp and hops. GL.
Looked at this EOD, that was an impressive run down to .0009. I'm interested in hearing the case for buying a company that can't make payroll.
The recent reviews for Big South Fork Medical Center on Indeed are truly sad to read.
https://www.indeed.com/cmp/Big-South-Fork-Medical-Center/reviews?fcountry=US
Schumer is good at lip service to the poors. Does this have a snowball's chance of passing, let alone being signed into law by Biden? They just fired staffers that had admitted past marijuana use - even those who had used it in legal states. I'm in this primarily for the VLN play, averaged up on the last drop from the warrants exercise. GL.
Webinar just started. Traded this from $19.50 to $47 but am out for now. Need to hear whether or not there is an offering coming.
When the parasites at Sabby decide there is nothing left to pick from the carcass that's a good sign the end is near. There is one doctor left at Big South MC living in-house as of last week and no money for payroll. Yeah, sounds like a solid business.
I'm sure many will be lining up to help out the good people at Sabby and buy these shares from them.
Sabby is the lowest of the low, they'd short their own grandmothers into poverty. Sign me up for 10,000 shares at .0001.
Sabby Healthcare Master Fund, Ltd. (1) 5,429,886,448 (3) 9.99 %(5) 70,553,382 5,359,333,066 9.99 %(5)
Sabby Volatility Warrant Master Fund, Ltd. (1) 1,755,555,590 (4) 9.99 %(5) 12,323,864 1,743,231,726 9.99 %(5)
Is NOBDF still in business? Did they ever produce anything in the Quebec facility? No updates since June and it still isn't trading in Canada.
Reluctant to get back in here with this news. SND and SLCA both moved up nicely today, HCR hardly budging.
Hi-Crush Inc. Announces Chief Financial Officer Succession
https://www.globenewswire.com/news-release/2019/12/06/1957244/0/en/Hi-Crush-Inc-Announces-Chief-Financial-Officer-Succession.html
Their website is gone. If a company were still in business they would generally leave up a branded page stating a redesign, rebranding or even site maintenance was going on. That isn't the case here. Not exactly sure what people think is the catalyst that would move this stock. Notes continue being converted and dumped - .000's appear likely imo. GL if you think this "company" is still worth anything.
Presentation is up on Cassava site:
https://www.cassavasciences.com/static-files/8fbb3e1b-528c-46d1-bbbd-d6ed7d9a6d9f
As predicted, dilution continues at a solid pace.
Outstanding Shares
140,404,156 *** +75% in ONE MONTH ***
12/02/2019
Outstanding Shares
80,196,313
11/01/2019
Outstanding Shares
62,193,898
10/04/2019
And look at all the new handles popping up here. Know the game, folks.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152097773
Their slot is 6:00 PM Pacific. AH high of $1.94. I dumped most of what I had AH at $1.90-1.91 from $1.30. Taking the profit. GL.
This PR is from 2009 regarding a deal that never amounted to anything for Dais.
To be fair, the program may have been updated since they put that PR out. Wouldn't take much effort to put out a revision though. Their session is on p.11 of the "final" program:
https://www.ctad-alzheimer.com/files/files/Final%20program%20november%2019.pdf
Note due Dec. 7. No guess as to how this one or the Nov. 7 note is/was resolved. The share price is too low now to convert both and have enough room under the 1.1-billion AS.
$100,000/.00018=555,555,555.56
"On December 7, 2018, the Company issued a convertible note (the “December 2018 Note”), with a face amount of $100,000. This note and related accrued interest are convertible, at the option of the holder, into shares of the Company’s common stock at a conversion price of 60% of the lowest trading price for 15 days prior to conversion. This note bears interest at 10% per year and matures on December 7, 2019. The Company has also incurred aggregate legal costs of $5,000 related to the note. These costs are also being amortized over the life of this note. The Company received cash proceeds of $95,000."
Is it not a red flag to anyone that Dais Holdings was set up in Vancouver, the penny stock scam capital of North America? And how is it Dais (the company) had $150k to set this up when they can't pay three vendors $115k? And why is Dais Holdings "wholly owned" by Tangredi when it was the company that put up the $150k and Tangredi owns only 51% of the company? This whole thing reeks.
Maybe I'll take a shot on this when it gets to .0001 but not for much. Q3 lowlights:
Haier deal
As predicted the Haier deal with the "projected" revenues of $73-million has been pushed back again. "These revenues could begin as early as the third quarter of 2020." This is just comedy at this point.
Soex lawsuit
There is no explanation as to why the Soex lawsuit was dropped. There are 28 references to Soex in the Q3 10-Q but it's all old info. How do they think it's okay to leave something like this out?
Trouble paying their bills?
"The Company resolved recent litigation matters by agreeing to the following settlement terms: $79,686.46 payable to General Manufacturing, LLC d/b/a Power Plant Services, at the rate of $500 per month; $20,900 payable to SoftinWay, Inc., at the rate of $500 per month; and $14,327.96 payable to Old Dominion, at the rate of $500 per month."
Two new convertible notes:
"On July 3, 2019, the Company issued a convertible note with a face amount of $100,000. The note and related accrued interest are convertible, at the option of the holder, into shares of the Company’s common stock at a conversion price of 60% of the lowest trading price for 15 days prior to conversion. The note bears interest at 8% per year and matures on July 3, 2020. The note included legal costs of $5,000 which were deducted from the proceeds and which will be amortized over the life of the note. The Company received cash proceeds of $95,000."
"On July 18, 2019, the Company issued a convertible note with a face amount of $78,750. The note and related accrued interest are convertible, at the option of the holder, into shares of the Company’s common stock at a conversion price of 60% of the lowest trading price for 15 days prior to conversion. The note bears interest at 8% per year and matures on March 7, 2020. The note included legal costs of $3,750 which were deducted from the proceeds and which will be amortized over the life of the note. Proceeds of $75,000 were used for legal fees and were disbursed directly to the attorney."
Dais Holdings?
This was set up in May but this is the first time it's being reported?
"During May 2019 Dais Holdings Corp. (Dais Holdings”) was formed in Vancouver, B.C. and is wholly owned by our Chief Executive Officer. Dais Holdings’ purpose is to facilitate debt financing in Europe. The intent is for Dais Holdings to enter into the debt transactions. It will then immediately loan any proceeds received to the Company on the same or similar terms as the European debt. To date, Dais Holdings has not entered into any transactions and Dais Corporation has not received any funding from Dais Holdings. The Company has paid the professional and other fees for setting up the Dais Holdings structure, aggregating $150,000. Ultimately, Dais Corporation will benefit from the Dais Holdings capital raise activities, and therefore has borne the cost. The costs have been expensed as incurred."
IMO, this CEO is as shady as shady gets.
Stopped out today at .78. Disappointing the way oil tanked. Will look at re-entry when things settle. GL.
This 8k just dropped. https://www.otcmarkets.com/filing/html?id=13774972&guid=WImvU6cuX_qsJ3h
It's just the time slot they were given. They're only allotted 15 minutes each in the late breaking sessions. Hopefully we get a nice run into Thursday close and data is positive. GL.
Thursday, Dec. 5 after the close:
6.00 p.m. PT -- LB7 - One-month oral treatment with PTI-125, a new drug candidate, reduces CSF and plasma biomarkers of Alzheimer’s disease.
Lindsay BURNS (1), Hoau-Yan WANG (2), Zhe PEI (2), Kuo-Chieh LEE (2), Carrie CROWLEY (2), Michael MARSMAN (2),
Nadav FRIEDMANN (2)
(1) Cassava Sciences, Inc., United States, (2) City of New York School of Medicine, United States
Stating facts is unpopular here.
OTC Markets site: Warning! This company has posted limited financial disclosure through the OTC Disclosure & News Service or is late in their filing obligations with the SEC.
They still haven't filed the 10-Q for Q3 that was due Nov. 19. Filing for an extension and then missing that date - always a good sign. But yeah, buy-buy-buy. Lol.
43,358,200 bid at .0003 today.
Back in this morning at .68 but think I may have moved too soon. Where does this bottom? RSI at 23.
Sold yesterday for a small gain. The bounce off .80 had no legs. Watching this get walked down again today. Will look to re-enter but with oil off another 2% today this might have more downside to go. GL.
CEO bought 50,000 shares at $1.02 on Nov. 12. Took a position on the drop today, in at .815 average. January $1 Calls getting good action today. GL.
Insider Relation Last Date ? Transaction Type OwnerType Shares Traded Last Price Shares Held
RASMUS ROBERT E. Officer 11/12/2019 Buy direct 50,000 1.0188 216,044
Large institutions buying in/increasing positions recently:
Owner Name Date Shares Held Change (Shares) Change (%) Value (in 1,000s)
VANGUARD GROUP INC 06/30/2019 1,509,611 1,509,611 New 1,359
RENAISSANCE TECHNOLOGIES LLC 09/30/2019 1,481,784 1,042,381 237.23 1,334
CITIGROUP INC 09/30/2019 921,349 830,195 910.76 829
GEODE CAPITAL MANAGEMENT, LLC 09/30/2019 703,915 703,915 New 634
JPMORGAN CHASE & CO 09/30/2019 563,198 563,198 New 507
Most likely - as was the case with some other notes this year - the date was pushed out. Less likely - given they had to sell another note in July - Dais had the cash to pay off the Nov. 7 note.
This note matures today:
"On November 7, 2018, the Company issued a convertible note (the “November 2018 Note”), in the principal amount of $78,750. The November 2018 Note and related accrued interest are convertible, at the option of the holder, into shares of the Company’s common stock at a conversion price of 60% of the lowest trading price for 15 days prior to conversion. The November 2018 Note bears interest at 8% per year and matures on November 7, 2019. The Company has also incurred aggregate finance costs of $6,750 and legal costs of $3,750 related to the November 2018 Note. These costs are also being amortized over the life of the November 2018 Note. The Company received cash proceeds of $75,000."
If converted into shares this translates into 354,375,000 shares including interest (assuming the bottom stays at .0004): 78,750 x 1.08 / .00024
They're all set for continual dilution. As I said in an earlier post, AS needed to be raised dramatically in order to accommodate conversion of all the notes. Don't be shocked if you see increased promotion.
OS increased by 18-million (29%) in past month:
Outstanding Shares
62,193,898
10/04/2019
Outstanding Shares
80,196,313
11/01/2019
Don't you know it's bad form to call out the promoters when they're trying to recruit a new class of bagholders? Look at the size of the convertible notes here that can be converted at .001495 with the discount. Do the math, AS needs to be raised dramatically. Junk. POS. Whatever you want to call it.
AK Steel Enters Licensing Agreement Involving Its ULTRALUME® PHS High Strength, High Formability Steel Product
"AK Steel expects to significantly expand its sales of this important automotive product..."
http://www.globenewswire.com/news-release/2019/10/28/1936467/0/en/AK-Steel-Enters-Licensing-Agreement-Involving-Its-ULTRALUME-PHS-High-Strength-High-Formability-Steel-Product.html
This has been done for months. Look at the chart since they got the vote to increase share count in June. This thing exists to get Tangiers out on all the convertible notes, which they can currently convert at .001495. No coincidence this is getting pumped ad nauseum on Twitter. My guess is it goes to .000's eventually.
They had to issue another convertible note in July, that should tell you how Q3 earnings were. People like to post Q4 2018 earnings around the web but nothing about the dismal Q1, Q2 '19 earnings. Go figure. Not sure what exactly is going to be interesting in the Q3 report.
Still think manipulation doesn't exist? Good to see their assets have been seized.
SEC Charges 18 Traders in $31 Million Stock Manipulation Scheme
https://www.sec.gov/news/press-release/2019-216