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Am I the only one whos most frustrating trading days are the best ones gains wise? Kinda the I didn't have the balls to put in as much as I knew I should at opening bell feeling...
Wild day, you sumbitches wouldn't let my full order through all day. Fwiw it was hard to make a buy today... Very hard
Back in hoping for same run I had here a month ago.
Good luck
Does this hold once all the phot heads have finished migrating?
The big bids are waiting lower I'm afraid
Thanks ill dig into the filings tonight just getting a snap shot to make sure I'm not wasting my time doing so.
Good luck
Thanks do you know where info is on who currently owns hive? Is this a Kyle Tracey company as well or who is he negotiating with?
Can somebody help me clear up the share structure in my mind. Apologies but just doing dd here and it is a bit confusing... Is the below accurate
Initial plan - 6m o/s + 30m for hive
New plan - 6m + whatever is re negotiated (tbd)
Officerk, your missing that on the back of the proxy it states that proxies not filled out and submitted 'properly' will be defaulted to the recommendation of the board of directors. That recommendation of course if 'for' because the bod is the canx guys who are intent on stealing every piece of the pie they can get. Your plight is noble, but hopeless. The 3b is going through
Lol blu please post response
What your missing on proxy...
Read the backside of the proxy. 'This proxy, when properly executed, will be voted in the manner directed herein. If no such direction is made, this proxy will be voted in accordance with the board of directors recommendation'
Guess what, all the no response proxies are going to be defaulted to a 'for' vote as this is the board of directors recommendation.
Like it or not you should deal with the fact the a/s will be 3b and make your investment based on that assumption.
Apostle I think I'm onto what your spitting. Just had a bit of an epiphany and I could see a scenario where this could have been sheer brilliance by sterling but idk too many unknowns to know what's the dillio
Understand though I've never said 'this is happening' but rather ' this could happen' and just want any sign from management that its all good.
Since this board loves analogies - it's kind of like you hire an armed guard to patrol around your moms house decked out in camo to protect her and keep her safe but you don't tell her and she thinks the guard is a stalker ready to kill her. You don't need to go over to her house and pull out his whole résumé to prove he isn't there to kill her, just give her a quick call and let her know you did it and are looking out for her best interest.
I haven't received the call and I have called the cops (sold my shares)
Lamerica, thanks for the dose of reality - admittedly sometimes I need it and I will be the first to admit that I can be wrong. Im typically not this negative, I just take a highly concentrated approach to risk and this makes me particularly anal about where I put my money and even moreso as I approach my number.
I think the pps got ahead of where everybody thought it could be. I just expected some sort of address to the 3b and its implications.
But as I understand it you still have to hold as of the feb 7 vote date, regardless of when you turn in your proxy. So if the pps drops down to .12 by then how many longs you think will have stuck it out from the date of record to the date of vote?
Conversely to play devils advocate he could be trying to shake out investors so that not enough holders are left to outvote insiders and then they crush shareholders and give it all to themselves.
I really do hope I'm wrong but if I were to create a roadmap of how to take all the profits away from shareholders and redistribute it to me and my friends then it would look a lot like the recent succession of phot's filings. If you don't follow then see my previous response to global data on dilution.
Lets not forget we are in penny world where if I were to establish a 'base rate' of companies that care about shareholders vs those who don't it wouldn't be very pretty. As a result I put the burden of proof on having to prove they are looking out for shareholders and not the other way around.
Ill buy that. Very real possibility
Crush shareholders and take all the money for himself and his rich buddies?
3yr chart = 2 breasted lady eom
3yr chart = 2 breasted lady eom
Yea meant 10k sry, but I'm patient not a lot going on to really move this much and I don't think the next report will look too great considering seasonality and new sales employees dragging down cash flow while not yet vesting their time into revenue increases.
My guess right now is that this comes into play on April 15 when we get the first quarterly report that the new sales team has really been able to influence... Assuming they perform that is
I'm waiting for 10q should be a pivot point one way or another
Ill have to look back through the filing. I understand the 1.3 was for one of the first couple phases but I would think that without an a/s increase then phase 3+4 would be null and void and if that is the case then so would the first parts as well which includes the initial 1.3.
Thoughts blu?
Thoughts on potential gift pr...
After thinking about it I'm not certain the company can even release a gift pr until after the vote. Think about it, gift contracts are predicated on having financing, financing is coming from canx deal, and canx deal needs increased a/s to go through. No increase in a/s = no gift
Am I right or wrong?
Gone green - that might be the most ludicrous statement on this board. 'Not worry about what sterling has to do to please you'. So by me you mean shareholders and your saying then not to worry about what he has to do for shareholders. Guess what us shareholders own the company and he works for us so he damn sure better be worried about what pleases us and not just him.
Very clear indeed global...
Seems the only difference in our line of though is that you are giving management the benefit of the doubt and I am not. The anti-takeover effect mentioned by another poster is a good point but I feel I gave management abundant time to justify the 3B and they haven't even addressed it. Couple that with the cryptic answers from IR to questions that I consider to be rather straight forwarded and I have reached my tipping point.
CANX knows that no matter what dilution comes that if they complete full deal realization - they get 49%... Even if another 400m shares have been added between now and then. They don't care that just means they get more shares too.
The biggest red flag of all would be if CANX makes Sterling a joint CEO of both companies or finds another way to give him ownership % of CANX. This would reek of collusion directed at stealing market value from shareholders.
Global - Dilution
I wasn't going to blast away on the big board but since you bring up some salient points on CANX I think it is appropriate to complete the circle. In particular I think that the longs who have invested their trust in management need to understand the filings and ask the tough yet pertinent questions that are necessary.
I have a lot on my mind but I will try to truncate it -
1) Double dilution - I think a lot of people are wondering how the heck we would ever get to 3B but you need to consider phase 4 of the CANX deal. Recall that this part of the deal gives CANX the right of 49% of the outstanding shares on a fully diluted basis (assuming full deal realization). This means that when new shares are issued and outstanding that the basis from which CANX draws the 49% increases and thus current shareholders get double diluted. Within Note 2 of the latest 10Q it states that there is 112m additional shares that could be put into dilution from either warrants or convertible debt, not including CANX. Considering these deals have conversion prices of between 2 and 5 cents I think it is safe to assume that all will be converted because those that do convert get an immediate 4-10x gain.
So here is my math
O/S today 730m
plus other non-CANX dilution 112m
Pre CANX # of shares 842m
CANX dilution (.98 x 842m) 825m
O/S ending 1.67B
It is important to also note that this assumes that there will be no additional dilution on top of what we already know. If we were to make an acquisition (By PHOT and not CANX) then whatever shares we issue as compensation would increase the basis from which CANX draws and double dilute current shareholders.
This whole point 2 above is why they did not propose the 1.4B that Kurt had told me was the case in a prior email.
2) Blank Check preferred shares - some might be inclined to write off my point 1) above by pointing to Sterling, Rob act having skin in the game - aka a bunch of shares. But this argument goes out the window because there is potential for blank check preferred shares that can be issued to management at any time. See the CANX deal for this reference. What is so important about this is that it is the CANX BOD members who will be deciding when to issue preferred shares and to whom to issue them. This creates the opportunity for a 'you scratch my back and I will scratch yours' effect between management and CANX. Sterling gets diluted but he doesn't care because CANX has promised to make it all worth his while. Unfortunately, while everybody else is winning, the current shareholders get diluted into oblivion.
3) Core business to be ran through CANX - PHOT only gets 50% of the JV. So this is effectively further diluting shareholder value than points 1) and 2) above might indicate. I asked Kurt for clarification as to which revenue streams would be given to PHOT and which ones would be given to CANX (of which we only get 50%). He basically stone walled me. It seems to reason that most of the key operations will flow through CANX.
So again, here is my math
Share price .30
Fully diluted o/s 1.67B
fully diluted market cap 500m
Assume nearly all operations go through CANX:
fully diluted market cap 500m
50% of JV application 50%
Effective market cap 1B
- So in summary, if you can get management to explain how shareholders are not getting stabbed in the back here then I will gladly jump back on the train. I post all of this not to bash but to hold management accountable. They have set it up where they can cash in and crush the investors at the same time. I hope you guys don't let them do that to you.
Good luck guys and congrats to the longs - I'm out and think it unlikely i get back in but wish you guys the best as I feel like I know some of you at this point.
Go phot
Big spread
About damn time mngt eom
Same
Made a purchase. Time for management to step up next week and show their hand
MJT - lol...
I'm in no way upset about losing money today - that happens...
However, I have always hated manipulation of any sort and that article + huge shorts all at once don't smell right. I'm up from a .044 buy point but there are others that bought in at .40+ today and then potentially could have been cheated... then they sell low and the rich manipulators get richer.
This gets me a little passionate
Burgess why are you being rude and condescending? I am very sharp and successful - smart enough to understand that others aren't always that smart.
Get off your high horse.
Chofmann,
I disagree - it is more than a well polished message board. When I google grow life, the number one hit is now an article that accuses management of fraud. How many posters on IHUB have their posts stickied as the number one hit on google?
I get your point on AB and maybe he's not so bad but his credibility takes a hit here in my eyes.
If I was you Alan I would be embarrassed to be affiliated with a stock advice company that PUBLISHED an article that basically accuses an SEC Compliant - fully audited company of outright fraud.
It is one thing when some nobody posts it anonymously on a message board but this guy was PUBLISHED... by YOUR COMPANY. Wow talk about a loss of credibility - does your peer have any evidence to back up his claims of fraud?
All credibility is lost here, I'm sorry. You seem sharp when I listen to you but I can't take anybody serious who is affiliated with baseless garbage like this. This guy is a financial advisor hope he didn't tell his clients to sell and then buy after.
What the SEC says about market manipulation..
(What I am good at is regulatory research) I can't say that what has been proposed on this board to have been done is true (many coordinated shorts by different individuals) but if it has then it was flat out illegal. The below is from the securities & exchange act of 1934
"SEC. 9. (a) It shall be unlawful for any person, directly or indi- rectly, by the use of the mails or any means or instrumentality of interstate commerce, or of any facility of any national securities ex- change, or for any member of a national securities exchange—
...
(1) For the purpose of creating a false or misleading appear- ance of active trading in any security other than a government se- curity, or a false or misleading appearance with respect to the mar- ket for any such security (...)(C) to enter any order or orders for the sale of any such security with the knowledge that an order or orders of substantially the same size, at substan- tially the same time, and at substantially the same price, for the purchase of such security, has been or will be entered by or for the same or different parties."
When you say orchestrated dump do you mean because mms are short and need to cover?
Yup this is my first rodeo so learned a good lesson today :). No sweat
My 'strong stomach' almost yacked when I lost my annual salary in two hours. Good thing I'm still up 6x ish
Had my finger on the trigger at .44 but didn't listen to myself.
Tough lesson but I'm still up quite a bit... Move forward gotta get to my number so I can retire in my twenties