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Blue, Of course it is far better to do your own DD than to take the word of an anonymous poster on the internet. Even when the person posting is as august as $oldier of FUNman. lol
BR, As $oldier said, this company generally has not issued many PRs. You can consider $ROX an "under-promise, over-deliver" stock, as they never make promises.
So have I. More times than I can recall.
But I'm sure with the right seasoning and sauce, crow goes well with a nice bourbon like Jefferson's reserve.
FUN, I think you mean they were GRANTED not exercised. Those managers now hold the options but will have to pony up $1.04 for each share when they exercise them.
Yes, the options and shares held by management serve to closely align the interests of both management and shareholders like us.
Form 4's have been issued, showing options granted to management, which they will need to pay cash to exercise. See news links above to the individual forms. I like that these are at the new price of $1.04, so Rox will get that much cash when exercised.
tinylion, Thank you for doing those calculations/projections.
MMMMM. Saving your post! Enjoy your experimentation.
The ginger beer is interesting altho I hesitate to say that - alone - it would be one of my favorites. In combination with the Goslings rum, however, it is wonderful.
I'd suggest you call various places to see if they carry one or both products. In the leadup to the holidays (think: Thanksgiving thru New Years) they sometimes offer a package deal in liquor stores for the same price as just the rum alone. I've seen (and bought) the rum in a box with two bottles of ginger beer, but don't know what they might offer this year.
I suspect the product sold thru walmart will NOT have it's quality compromised but MIGHT have separate supplemental branding on the cans or bottles. I'm sure walmart did get "a deal" but since this is a unique product I expect the ginger beer sales will still be profitable for ROX. Expect the gross profit margins to get pinched a bit as sales to walmart ramp up. We will more than make that up in volume. I'd say way more.
It is possible that after a year or so, walmart might try to introduce a generic ginger beer to see if they can increase their (walmart's) net margin and perhaps cannibalize some goslings sales. To the extent that we can introduce Goslings rum at Walmart and Sam's stores that will be great, but we do not know that we are not already there. Having the rum is a support for sales of the genuine goslings ginger beer.
How are they going to ramp up production quickly? Delighted at having our foot in the door but we will need to supply all Walmart needs.
I expect the efforts they were working on to slip our product into Walmart may have been why management has been buying whatever shares they could afford.
"Not a bad day" indeed.
FUN, "On a container vessel" answers our question. It may be hidden in one of the 1000 containers on a large ship.
Caskers promoting Jeff's Ocean Cask Strength this time:
Yes, I would keep them locked up, rather than being lashed to the deck or being in a cargo container which might get off-loaded in some port by mistake or washed overboard in rough seas!
Even locked up - if such is possible in the hold - a determined crew....
Fun, Any clue the size and nature of the ships for the 14 Voyages? Have we repeatedly used the same ships and same itineraries or are they all different?
I understood your point. Just thought I would underscore it.
Jalaise, Do you really think JamesJohn owns shares? lol
Yay! Keep those lawsuits and news releases coming folks.
Agreed. I am sure they read this board and hope they will be more forthcoming with information to us as shareholders. I understand they do not want to compromise litigation or any negotiations, but we do deserve a greater level of information than has been provided thus far.
A nice factual recitation of the assets we have and what is ongoing, without compromising any ongoing litigation or negotiations. I'm sure it's not enough for some posting here, yet still gives some comfort.
Yes, Trendy. Here's hoping we longs do well.
As long as you can swim with your head above water...lol
I will be watching for a report in between my meetings tomorrow. GLTAL
Trendy, So how did you come to invest in MSTX and how did you come to the life sciences stocks? Where are you located?
Yes. Patience is called for. I would expect that MSTX shareholders will need to approve both the reverse merger and the reverse split just before Savara shareholders vote. But that's just my expectation and is not based on any discussion with management.
Trendy, Are you a holder of Savara too (as am I)? As of 8:40 ET this morning, I at least have not received anything from Savara on timing of a vote. The last materials I officially received were in the time frame of the merger announcement and that had no date. Have you received anything?
If I recall, there are under a hundred holders of Savara, so getting a vote done is not too tough. EDIT: and these are actual people and partnerships in whose name the shares are held. It's not like MSTX, where Fidelity is one holder for EVERYONE with their shares in street name at Fidelity, etc.
Culbreth, I think holding on to your shares is a wise plan for a patient investor. As Funman pointed out, the nine-month loss was the lowest ever, none of management sells shares and we are inching ever closer to some nice black numbers on the bottom line.
We are - IMHO - on the cusp of much bigger things.
"Early Kentucky Distillers – Where Did They Come From?
There are a lot of stories about Kentucky’s first distillers. It is said they were lured into the state with free land from the ‘Corn Writs”. They are also said to be fleeing the Whiskey Rebellion in Pennsylvania when they came to Kentucky. The fact is neither of these stories are true. To understand why they are not true you have to understand Kentucky history.
Kentucky is the first American west. It was the western frontier, land claimed by the state of Virginia. The first Colonial people to enter the future state of Kentucky were hunters who competed with the Native Americans for the game to be found in the state. In the 1770s the first wave of settlers came into the region from two different sources.
Settlements were founded in Harrodsburg and Boonesboro. The people who came settled in Harrodsburg purchased their lands from a company that had negotiated a treaty with the Iroquois for the land. The people associated with Boonesboro purchased their land from a company that had negotiated for the land with the Cherokee. The problem is that the Virginia Colonial Government did not recognize the treaty with the Cherokee so that land was purchased illegally as far as the State of Virginia was concerned.
This is where the corn writs come in. The State of Virginia did not want to simply force people to leave the homes they had built in Kentucky. Virginia wanted the land settled. The solution to the problem was to write a bill that said that if you had built a cabin and raised a crop of 40 acres of corn, then you were entitled to 400 acres of land. You could also then purchase another 400 acres at $1 per acre. You may have claim to thousands of acres, but all you would get to keep is the 400 acres with the option to purchase an additional 400 acres. This is one of the things that drove Daniel Boone out of Kentucky to start over in Missouri. He lost the title to the lands that were promised him by the Transylvania Company.
With the American Revolution Kentucky land then was given away by the State of Virginia to soldiers who fought in the war as part of the Virginia Militia. There was no free land in Kentucky to give away. Virginia also did a poor job in the land grants to the veterans. They were given a general idea as to where the land was located but then told to go survey the land themselves and send back the information. Needless to say this led to a lot of boundary disputes. So much so that the joke became that you did not purchase land in Kentucky, you purchased a lawsuit. As late as the 1820s, Richard Taylor, E.H. Taylor’s grandfather, was surveying land in the Jackson Purchase region of western Kentucky for these grants.
The Whiskey Rebellion in Kentucky was just as bad locally as it was in western Pennsylvania. There were tax collectors attacked and tarred and feathered. People refused to pay the tax in Kentucky which also means there were already plenty of distillers in the region before the rebellion. More importantly, if you were wanted by the Federal Marshals for your role in the Whiskey Rebellion in western Pennsylvania, then you did not want to flee to Kentucky where those Marshals still had jurisdiction to arrest you, you fled to Spanish territory in Louisiana. Why would you pack up your distillery and move it several hundred miles into Kentucky if you could still be arrested? If you were not going to be arrested, then why bother to move into an area that still had the whiskey tax? Yes, Kentucky was handled differently than western Pennsylvania. A sympathetic judge was sent to deal with the cases here in Kentucky, but he would not have jurisdiction on people fleeing from the tax in Western Pennsylvania.
Early Kentucky distillers came to the state for many reasons. Some of them came in that first wave of Colonial expansion. Others came because they were given land grants for their service in the Virginia Militia in the Revolutionary War. Others like Daniel Weller traded Maryland militia service awards for Virginia land grants earned by a Virginian veteran. Others purchased the land grants for cash. They came from Virginia, North Carolina, Pennsylvania, Maryland and other states. They brought their stills with them. Kentucky’s distilling heritage came from not one source, but many. They were not all Scottish or Irish or Scotch-Irish. There were Germans, Welsh, English. And French. There were both men and women who would build the reputation that Kentucky earned for making the best whiskey, Kentucky Bourbon Whiskey."
https://bourbonveach.com/2017/02/13/early-kentucky-distillers-where-did-they-come-from/
Pray, THAT is a very interesting observation. Thank you.
Gapping up to 60 cents would be quite welcome.
Ahall, You're quite welcome.
Pray, A 1 for 20 reverse split sounds pretty reasonable. Remember the new company needs some cushion well above the minimum SP for uplisting. Maybe 1 for 30.
Savara management had always been responsive to questions, subject to not giving out clearly non-public info. I've spoken many times with Rob Neville, even tho I am one of the smaller holders among the angel investors.
However, now that they are in this process with a public company and becoming a publicly listed company themselves, I believe they will still try to be responsive to shareholders but will need to remain more pure than Caesar's wife.
Their responsiveness and openness has, I believe, been key in their having their cooperative relationships with the CFF and FDA, among other entities.
Best of luck to you and to all longs
Rather than my throwing numbers out there, why not look at some of the articles and blogposts Leny Hettmansperger has put out over on Seeking Alpha. The most recent one I have is: http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4955333-inexpensive-stock-star-portfolio-plx-63c-mstx-13c-wstl-65c-amrs-45c-xtnt-35c-cbio-50c?app=1&uprof=44&isDirectRoadblock=false
This one covers several stocks but a number of his but others focus on just MSTX. The link to his list of blogposts: http://seekingalpha.com/author/leny-hettmansperger/instablogs
That said, I think he was propounding the thesis that the stock will rise to $.30 or so before the reverse split. I sure don't know what the ratio in the r/s will be, but it will have to be high enough to support uplisting the shares.
After the R/S, he was estimating the shares would grow sharply, once MSTX management is let go and the company is renamed Savara. They have two phase 2 studies ongoing on different drugs, a great relationship with the CF Foundation (which has provided non-dilutive funding) and a coorperative working relationship with the FDA.
I came into this as a long-time Savara shareholder (private as of now) with confidence in Savara management.
Just, Well, personally I am not hoping for a washout - ever. Too far down in most of my shares already for that. lol
Just, At this point we are along for the ride on the rollercoaster.. unless we choose to get off. I bought some in the 1.40s today myself.
Thank you PM. I'm glad we are getting some action after having had very little positive information as of late.
What's up, you ask? Reverse merger into a private entity, Savara Pharma, with a dynamic management. The merged company will trade as Savara, and there should be a nice merger premium at the current price.