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Will do, thanks for the heads up. Kinda scary trying to catch a falling knife though...
Safe to assume you think REX is the best of the ethanol stocks?
hopefully that means their 'blackout' period is over (assuming they were in one)...
the ask is very thin right now...just need some people to start slapping the ask instead of sitting on the bid. Some real news would do the trick!
can't believe how quiet it's been so far today...decent bid support but no one is slapping the ask.
Letter of Intent (LOI) - generally a nonbinding agreement that outlines a deals economic terms. Once an LOI is completed you move to a contract which is legally binding.
a massive amount of bids showed up in the last 10 minutes on L2...couldn't help myself and slapped the ask a bit also
How do you know the difference and why does it matter who's putting more shares into the market? More shares is more shares.
Would love to see the 100K on the bid start moving up...that would be extremely bullish
Terrasphere developed and owns VDL
look at the volume...more diluting.
Unless that was the only kind of financing he could get at the time. Two choices - option a, declare BK or option b, take on toxic notes with the hope you'll be able to grow quickly enough (ie pay them off) before the notes kill you.
Right now, VPOR is losing...but if the can continue to grow revs/profits, they'll have a chance.
No way. While the overall food market is obviously bigger and always will be, the margins are terrible! You'll also never be able to get any significant market share. MJ on the other hand has great margins and attbf could get a sizable market share.
I've been doing the same; own a lot already but its hard not to keep adding at anything in the low/mid teens
read the whole release...they can only use it for fruits and veggies. attbf has mj exclusive
If this thing can get above the 50 day ma it's blue skies for awhile.
and there goes your 2.7M bid!!
did you put in your order thru etrade? If so, it's now showing
Thanks, saw the big bid on the ask but must have missed the fill...that would explain the jump from the .12's to the .14's.
Your above the ask and they won't fill it?
I missed it on L2, how big?
look at the volume, so far no diluting...we'll see if that changes.
Interesting action on L2 this morning...
Potentially the biggest news in awhile.
Any news yet on their court case? Wasn't the hearing today?
IF we ever get news of sales or a license this thing will run very hard.
I added a bit this morning as well
unlikely
same here, it's been that way since it's traded in the low / mid teens range.
That's not how it works generally. Generally speaking...most loan covenants state you can convert X amount of debt into shares at a 10% to 30% to 50% discount to the 3 or 5 or 10 or 30 day average share price (again, every loan is different and the devil is in the details).
The actual share price has no bearing on their ability to make $$ on their discounted shares.
Converters could give 2 sh!ts about a companies share price as they get discounted shares (ie - the share price is irrelevant)...they waiting to convert bc the loan covenants made them.
No arguments there, but not exactly an appropriate analogy. Look, I've got a couple mil shares right now and will probably double up soon, so I'd much prefer the SP to be higher, but there's an important distinction to be made...
VPOR can't do anything about the converters converting right now, it's out of their control and that's the main reason why the SP is getting crushed. The good news is that the SP isn't getting crushed b/c the company is failing or not executing (that would be much worse). The conversions will run their course and if the company is still executing the SP will take care of itself.
Ok, then go back and read the recent Q. How many notes are from SPLI and how many from Dror? Is Dror at fault for all those SPLI notes? I'd wager the vast majority of conversions have been from the old SPLI notes and a small conversion for Hanover.
How do you expect a start up to get funding? Angel investors dropping $100 bills from the sky?
The converters are f*cking the SP of the company, not the company itself; big difference.
It's a form of dilution, but it's not the same as the company selling shares directly.
It is an SEC requirement and Dror isn't diluting. It's the convertible debt. If Dror was selling shares they'd have to file an S-1.
If a debt holder converts their debt into shares, then yes the debt has been satisfied.