Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
*mine
Vanis' name is not suppose to be on those docs. Would be a move to formalize a Corp for ppl to go after a Mien BK7s
Sounds like some here would still recommend this stock to people. If they asked you about the pros and cons, what would you list as the pros?
I actually let out a snort on that one, Scout. Good one.
I even have a Scenario for .... $.11
It's a hoot. "Stay Tuned"
That's actually Scenario #4 - Everything has already been seized by Debtors. Now what?
We weren't going to get anywhere with Scenario #3 anyway unless Vanis hits the Texas Lottery or something.
It's quite possible that Vanis doesn't even own the rights to the products anymore.
*you're (just in case)
First of all, we're only discussing possible scenarios. Think off it as Reverse Jeopardy and the question is: Where's Vanis?
Second, I'm not a "you all" by any means and never stated any type of wish or desire to see this company fail that I think your implying. In addition, I'm not a really good apologist for profound statements I make.
All that aside, you're correct with what you said about the possibility for putting product on or back or shelves with less overhead. Let's just go ahead and call that Scenario #3. Go ahead and lay out what would be required to make that a reality.
It would certainly prolong the slow bleed on the PPS unlike a BK7 would be instantly fatal to commons. This could go on for months. Probably just eventually dump into the greys or coast until no trade.
Scenario #2 - Vanis' moves with the lenders completely backfired. It forces him to go completely dark and elusive for an indefinite length of time while the dust from the resulting company implosion settles.
This could take months if not longer and if Vanis doesn't have or get his head in the game, he could personally be affected for decades.
Personally, I feel this is where he's at right now. It's not a favorable position to be in by any means. Every road you look down for a possible route to take has seemingly impassable roadblocks.
Now, just to clarify my assumption on the lender backfire, imagine you going into your bank and requesting more money (loans or increase of LOCs) along with more favorable terms. You get turned down so you grab hostages on your way out. You think that's going to work out in your favor? Well, that's essentially what he did...
Help me out here. Am I reading that some peeps think a big box store is going to purchase a heavily debt laden entity with less than dismal past performance in order to pick up a handful of private label SKU's?
Agreed, but with a HUGE "might". I just don't see anything that could be considered a valuable enough asset(s) to suggest any type of payday for preferred. Those are usually shared among debtors and not used to reward the BK filing entity.
There are about five to six different scenarios of what direction Vanis can go or going at this point. Let's start with the most discussed one so far... Bankruptcy options.
Chapter 7 vs. Chapter 11 (this would include how and why)
I don't intend to do all the work here. It would be nice and refreshing to get more sensible and civil discussions going on this board.
That stated, I'll go first. It's highly unlikely Vanis can meet qualifications for a Chapter 11 approval.
Give me a minute... Boiling eggs
Let's not forget the other options Vanis has that will impact your shares.
Friday sell-offs... Labor Day weekend... CEO off the grid.
It's the perfect storm, ppl. Could be a rough ride today.
Buckle up!
Maybe the hot dog stand might turn this thing around. Heck, he said the Squeeze was paid for. Shouldn't need a big space for that or employees. Garage stuff... unless that's missing too.
I'm not even going to bring up the 80 something thousand he got for Fizz (been posted on this board) from "friendlies". I am somewhat curious if they are still friendly. All the indicators I'm seeing would suggest... Doubt it.
The CEO?
That's actually funny since a dog with sunglasses on Twitter has been predicting every move of Vanis and $MINE for over two years.
No need; no skin in the game. Just knew you were close to Brea and could verify or dispel the rumor of no phone in service. I believe it was you also that stated that the stores where you were able to purchase Fizz in the past said they haven't seen Avanzar for some time. Maybe I'm mistaken. It's all good. Good luck to you.
I give it a 75% chance you'll never hear from Vanis again.
Maybe George can do a drive-by to Avanzar. Even better if he can find an employee to go grab a beer or two. I'll cover the beer.
Rewards now being offered on Twitter to locate Vanis. They didn't mention Dead or Alive.
You just got to love this ticker.
Anyone think Vanis is still playing "Chess" with the old lenders?
*NOTE*
That wasn't my analogy, I called it a Game of Chicken.
I'll also say that
That really shouldn't surprise anyone about default dates. Accepting that is another story.
Thanks
I better add the "State Records" part to that before the jokes start coming.
Gotta date when they became inactive?
*toll
If anyone really cares, there's a way to get the new mailing address on the sly.
Simply send a first class letter to the former address with : 'Return Address Requested' typed 1/2" above the current mailing address. Make sure you type or print it.
You should receive it back in a few days with the yellow sticker containing the forwarding address. This is all spelled out from the USPS, but unless you know where and how to navigate the for the info, you probably won't find it. That's done on purpose.
Good luck.
I miss the old days when you'd glance at this ticker throughout the day just to make your big move in the last fifteen minutes.
Good times!
Technically, it's finally accurate if you think about it.
So we're back to Fizz ingredients again, huh? Great... See ya in a week. LOL
Lenders still "cornered"? What's up with that, anyway? I've been gone... tune me in. Don't make me read anymore. LOL
... and then questions raised: What happened to the availability of Squeeze in "60 days"? Did fallout from Lendergate cause it to change to "production timeline in the coming weeks"?
Vanis specifically stated it was paid for already, didn't he?
The confusing part is the wording "placement interviews" Vanis used.
I think most people would consider that specific verbiage indicates a done deal and just needs finalization of details.
Unfortunately, as you know, ANY kind of interview is for placement of something (comments, knowledge, services, products and even your own happy a__ in some cases).
I guess we just have to wait now until we can ask: How did the interviews go?
We still have that pesky "financial partners" issue to deal with. Guess I don't need to say that all this other stuff could be moot without a quick and amicable resolution. Simple math...
Would love to see transcripts of all "Financial Partners" loan committee reviews of this client. Now there would be some interesting DD.
Here's some new DD people should try to analyze. I have.
Has Vanis unwittingly painted himself into a corner taking this position with lenders?
I'd like to see an honest discussion about THIS instead of the 82.6% recycled trash on this board.
Anyone want to start? I'll stay in the convo...