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well,not so private----morris chose to provide 1 detail (that the 505s get to time the rs)---and I believe it was stated that the 505s are investing in PREFERRED shares ---my guess (seen it many times) one of the sole purposes of this ppm is to structure the commons completely out of the picture.
NOBODY pushing morris for details on this ppm ?!?!------everybody just give up ????
NONE of the "chartists" called the year long slide this has been on-----their calls here mean the same----nothing.
charting a hyped pink !! hilarious !!----you need to know ZERO about spfm------just read 1 days worth of posts----you know EXACTLY where this is headed !!
appears that the charts and l2 analysis was of limited value.
pretty much----the commons have been "structured" out of the picture.
ratio is pretty much a moot point.unfortunately for the legitimate longs here---will lose just about all.from this point on there will not be a bid that will allow selling any position of size.$ 350k "investor" will be the only source of cash--will add to position---when the identity is revealed,my guess,will not sit well with anyone.expect to see the most nebulous definition of "profit"-----morris and the new money want this share structure cleaned up----they will do the rs soon and they will do it whenever they want.
once again,I hate to be the one ,but,------------------------------the share structure guaranteed this outcome----although morris' ABSOLUTE nonsense might not have been foreseen.----at least to the degree he took it.lcre will soon rs,eliminate the commons,proceed---probably do 1 more rs -----then we will see what happens next
me thinks you are posting to the wrong party.I always thought the ukraine issue was a bit out there----but now,who knows-----my point has always been share structure-------and now----- a ceo who has publicly acknowledged his intent to sink the common shareholders.
this thing has certainly set a new standard.I dont fault any ceo for having little regard for day traders and flippers--but to have the opinion that common share holders that view lcre as anything less than a multi-year hold are garbage is pretty blunt------I have NEVER seen a ceo have such public distain for HIS legitimate shareholders.pretty clear that the plan all along was to blatantly squeeze the commons then structure he and his buddies into sole ownership.
it is also now crystal clear who is the recipient of the "making a bad business decision is not actionable" clause----funny how he pens this months before the impact of this ppm is felt !!!!NOW THATS FORESIGHT !!!!!!
and in re-reading this,is he now claiming his previous up-date used an OS of 75 MILLION ?-----the 75 figure was clearly tied to the possibilty of diluting up to 75 BILLION B--AS IN BILLION.the guy cant keep his nonsense straight-----I dont need to hear this guys philosophy on the markets,trading and share structure----he is full of NONSENSE.all are aware start-ups need to sell shares---to do what morris has done while pissing on his shareholders and telling them to shut up and quit dripping is a slap in their faces.
wow--brutal,blunt,the end.morris sounds pathetically desperate to keep the details of the ppm hidden from all eyes.what hogwash to claim details cannot be released,when HE was the the one who revealed that that this preferred take-over group had the power to time the rs.he revealed that fact as a thinly veiled smoke screen . after the activities of the past few weeks has ANY common shareholder still with confidence in morris and their shares-------not much can be said.commons are done.
oh,I think he made that clear long ago---his PUBLIC comments are beyond insulting---at this point I have ABSOLUTELY no doubt that this,and subsequent sweetheart "restricted preferred" ppms are going to COMPLETELY evaporate common shareholders equity.post what you can.
huh----nuthin.
COME ON !!!!!----no-body ?? any-body ??--basher ?? --pumper ??-------------------NO COMMENT ???????-----COULD THIS BE MORRIS' MOST TELLING UP-DATE YET ??????????????????????
"the only recourse against a ceo is for fraud or negligence.making a bad decision is not actionable"-----for the life of me I STILL CANT UNDERSTAND why morris would use THAT to close his ppm up-date---sure isnt any kind of a disclaimer---is he foreshadowing the outcome of the ppm ?!?!?!?! OR AT LEAST THE REACTION TO IT ?!?!?!?!??!
Im afraid it was that very news that capped the pps---for those that have not seen alot of ppms,they can be structured is any manner of ways,contain any kind of clauses---as this infusion of cash is the only cash lcre has----new money gets to makes all new rules.too many times new money structures the common out of the picture.morris did reveal 505s can time the rs----Im surprised current commons are not being a liitle more aggressive in getting clarification if they are at risk with this offering.
you're gonna love the hows and whys to THIS "reduction" !
no,I have not---did you get a look ? ---I have to imagine I would be dead last on the list to get a pre EOQ copy ! Im sure you are aware these deals can be set up with just about any bells and whistles you can come up with.whats your 2 cents on the last 2 sentences of morris' "ppm up-date" ? that is a WHOLE NEW LEVEL of disclosure !
morris has taken an interesting stand------citing disclosure of details could be considered solicitation for 505 investors----yet he reveals details giving 505 preferred holders the rights to time the rs-----surely a comment about whether or not a preferred holder sees preferential treatment in the rs would fall under his same guidelines-----and heres the REAL question-------what the heck was with the last 2 lines of his ppm up-date ?!?!?!??!?
fair enough----always interesting to see concrete numbers.I would think some might be more concerned that 2 weeks after the last "up-date" there are still only 12 customers----and it is "about 12 customers"----dont know what "about" is ?!?!?----me thinks if the number had increased----we would hear about it !!!
thank you,yes, some of us are at least trying to keep the board focused on fundamentals.
I,too,would love to see an answer to that---seems as if a ton of money has been raised for morris,a couple of part time employees,and a DIY software program -----but,hey,what do I know ?!!?!?!?---other than----"you cant lose money on a stock that you bought for .0001 " !!!!!!!?!???!!!!!!
well,uhm, ok then---if you are a long here---I hope you make a bundle----the downside is,your ceo has sent up a bunch of red flags----quite a few here are not be too familiar with these ppms------esp where a company has zero cash----new money gets to make ALOT of the rules----and sorry to say,they dont have a whole lot of concern about "common share holders"------------BUT HERES THE BIG QUESTION-----WHAT THE HECK WAS MORRIS DOING WITH THE LAST 2 SENTENCES OF THE PPM UP-DATE ?!?!???!??!?!?!----THAT WAS NO DISCLAIMER LIKE IVE EVER SEEN !!!!!!!!!!
said it before,will say it again----------------------------------
looking just at trading and perception-----WITHOUT A DOUBT------one of the biggest negatives to lcre's performance has been the comments,PRs,"relayed up-dates from posters" that have come from morris----almost without exception morris' comments have come off as insulting,indignant,patronizing,ill-informed and rather than a reason to look at lcre --------a solid confirmation to RUN not walk.
have to agree----no idea where all that cash is going------I have to think details of the ppm will sneak put prior to end of Q ----since new money is the only money,Im afraid somebody may get "structured" out of the picture------BUT HEY,WHAT DO I KNOW ??!?!?!!?!
just curious as to what you think may be included----my guess,common holders are not going to be happy.
Frank----You know EXACTLY what I'm saying.I'm posting my opinion that this so called "restricted PREFERRED share offering" contains clauses that will decimate the common shareholder's equity.As you have posted, you have some sort of an arrangement with LCRE and Morris,I do wonder how much you really do know.My guess is,not much. I will continue,I think you are soon to lose whatever you have invested here.I dont play 5th grade games.If you have any specific question,ask away.You will get a straight answer.Taking the "huh,what could you be saying ?" approach is very transparent.If the longs here are not extremely concerned by what has transpired,they should be.Side note,the grammer,punctuation,spelling and colloquialisms are by design.My guess,those done by others is not.
EDITED--no,I dont----but YOU certainly do !!---I do wonder how morris justifies being so tight lipped about this deal,yet he releases certain clauses-----those that "seem" to be beneficial (the reality is --this clause just clarifies that the investor gets to time the rs)---more and more the light gets brighter---by the time morris gets 1.4 mill-----the common share holders are gonna be "structured" out of the deal.lcre is not worth 1.4 (much less 350k)-----if you came in to fund the entire company-----are YOU gonna give away ANYTHING to the commons ?!?!?!?----I WOULDNT !!!!!!!if I were you----since "youre not receiving compensation"------ya better see what you can do to convert all yer commons to preferreds !!!!if youve been around long enough you see enough RMs and "unique financing deals"----where there are 3 parties----old company,new money,common shareholder-------these deals ALWAYS end up with 2 of the groups making out like bandits.
"hoping no-one would notice"----uhm,it was sarcasm---THIS IS WHAT YOU "LONGS" ARE CONCERNED ABOUT ?!?!?!??!?!?! hilarious-------me thinks come end of Q some are in for a real rude awakening.--------------morris has just eclipsed HIMSELF !!!!-------"the only recourse against a ceo is for fraud or negligence.making a bad decision is not actionable."-----rivals ALL his other classics !! not quite the standard disclaimer !!!!-----why would he take the time to post THAT ??!?!?!??!?!in conjunction with his "restricted preferred /cash influx "-------hmmmmmm
EDITED------YIKES-------------------------------------------------------------
pretty much what I thought the "reply" would be----at least it must be presented end of Q--------last sentence --YIKES-----what is jm anticipating ?!??!?!?!?----------he COULD have said " although details till Q end must remain confidential--nothing that would jeopordize the csh is enclosed-----he COULD have said SOMETHING along those lines-----may be time to be a little concerned-------that last sentence----ouch.seems as if jm did his homework about keeping a lid on this as long as possible-------HEY,maybe there is ZERO for the CSH to be worried about------looks like you will need to wait a while to find out.
uhm,if you are going to quote MY "quotes"--please "quote" correctly---this quote was a hypothetical "quote " that would have been by morris---so yes,I would expect ANYTHING-----side note,my DEGREE was in logic and common sense not "account".tia.-----------morris should put this to rest.
well,interesting,I guess-----whether or not any compensation is received for anything ----if you are getting "confidential information",I guess all I can say is that you and jm best be carefull.for those still claiming the rs is a dead issue---yikes,I put it a notch above revenue,as I think you see the rs before rev of merit---so NO it is not a dead issue-it will likely have a HUGE impact on the csh--me thinks some are hoping others keep their heads in the sand------and to find any salvation in "waiting a month to rs " good luck with that !!!!---my guess,jm could say,well with 350k/500k/750k (whatever) in the bank from "restricted investors" WE ARE PROFITABLE TODAY !!! LET THE RS ROLL !!!morris should put this to rest.
nay nay----me thinks THIS info be PUBLIC !!!!! I have to think ol jm could QUICKLY put this to rest !!!!----IF he wanted to.wonder if there is any reason he would not want to-----and trust me (yes me) this info is PUBLIC----you think a ceo of a PUBLIC company can set up sweet heart deals behind closed doors that might negatively impact common shareholders ???? at least legally ?!?!??!??!?!??!
jm might get 2 might get 20----this first one may end up financing the whole nut himself------that aint the point----point is----Ill speak slowly for others-------you may want to find out what bells and whistles these "PREFERRED INVESTORS" WORKED INTO THE DEAL ------ 1st one is,THEY get to time the rs !!(to beat the drum saying NO RS ! is a wee bit desperate).if only someone spoke w/ morris on a regular basis and could get a quick answer------might put this to rest in a heartbeat !!!!
wow------trying awfully hard to re-paint the picture !------------
RS DISALLOWED ??!?!??-----HARDLY---- the guy with the money just needs to say ---LETS RS THIS THING AND CLEAN UP THE SS !!!!---------saying anything else is pure nonsense.
as a GRADUATE of LACSU (logic and common sense u )---------------
I learned long ago to run those analogies to the last page---------if you were the ONLY investor in this "offering" and had the only vote----what would your vote be??? keep 15-75 BILLION shares floating around ?!?!?!?----not MY vote !!-----heres what you do-------set the deal up that your "restricted PREFERREDS" dont get whacked in the rs ------then RS !!!-----YOU HAVE to clean up the ss.
exactly my point----there IS only 1 "investor"---------he has the ONLY vote !!!---if it were me,and I was the sole life jacket keeping lcre afloat-------me thinks the ss was gonna see some big changes-----IF lcre wants MY money !
or it means the deal is structured so his "position" would not be impacted by a rs-----if so, he/she/it would probably want the rs ASAP----get that ugly share structure cleaned up.