Empire Building 101
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Sitting pat currently. This seller has been relentless with no regard to pps. Still believe Joshua Haupt is the culprit.
Once New Mexico closes the bottom is in. Also need some updates on other closings.
Today's volume is very telling. Although tomorrow is even more so. A dead cat bounce would even be nice at this point
Any chance the seller is our old buddy Joshua? Or just a lot little peeps throwing in the towel?
Plus cash flow should add to cash on hand
Especially with rec. going legal April 1. This will be a huge impetus for a much larger pps going forward.
You missed the point as usual. I was pointing out the revenue expectations for q4 by management. Sheesh give it a break dude.
From this page 73 management was calling for $110mil-115mil middle of nov. For the 3 prior q we had 82 mil thus management was forecasting 28mil to 33mil. Let's hope we are at the higher end.
Q1 results should kick ass. Remember management distinctly said the results from the grow purchased I believe july will not be noticable until this recent q.
Not going anywhere. Board bullies are pretty much on many boards. I'm very long here and very much believe in Dye and will always post my honest truth with the facts. No pipe dreams either as some do. My forecast of just under $30 mil q4 revenues was based on Colrado q4 sales for the last 4 months have been down 5-10% from July to Nov. They did $31.8Mil and added nothing in q4. Hopefully I am wrong and the grow and purplebee's overcome this. Do I believe the trend continues? Absolutely not. In fact I believe $37+Mil Q1.
No one is beaching. Just said it was a little high.
For your info I believe they had no choice as the deal was done with a quick closing coming and if you remember I said about Jan. 17
Your responce as you copied and pasted was q1. Now your saying within how many days lmbo
Make no mistake DrugDoctor I am very optimistic but still look at every angle as the possivilty of this is remote but management with their $50+ Mil are the secured holders.
Now read this again as surely you will put a spin to it.
I do not think it is but there is no such thing in the market of 10o% otherwise everybody would be rich not just you and me!
I agree. I do like JD running the show. Getting kicked in the gonads for an opinion is really uncalled for. No wonder we dont get many ew posters despite the huge potential here.
What are your thoughts? Would appreciate comments without sarcasm. Your optimistic pps forecast last year make you the expert!
Still 13% interest is higher than most deals being done. With such great management I was a little disappointed. My expectation is q4 revues down from q3. Break even is my belief now. Hopefully wrong but doubtful. $29.8 mil for q4.
This certainly gives the company the right to redeem all of these shares. My question is that a possibility once the banking act gets approved. Also maybe this is a s-term loan as management did have 3 members buy into this investment at 13%. Surely with New Mexico timing to get this done was critical. Certainly nobody wants this to turn into a diluted pig and nor does management imo!
The Company may, at its option, elect to redeem all, but not less than all, of the Notes for cash, subject to certain conditions, at a repurchase price equal to the principal amount of the Notes plus accrued and unpaid interest thereon on such date, plus the greater of: (i) the sum of the present values or the remaining scheduled interest payments that would have been paid on the Notes from the repurchase date to the third anniversary of the Issuance Date or (ii) the lesser of (a) the sum of the present values of the scheduled interest payments that would have been paid (assuming such payments are made in cash) on the Notes from the redemption date through the one-year anniversary of the redemption date or (y) the sum of the present values of the scheduled interest payments that would have been paid (assuming such payments are made in cash) on the Notes from the redemption date through the maturity date. If the Company elects to redeem the Notes, holders of Note may require the Company to convert their Notes in lieu of receiving cash in the redemption.
On the fourth anniversary of the Issuance Date, the Investors will have the right, at their option, to require the Company to repurchase some or all of their Notes for cash in an amount equal to the principal amount of the Notes being repurchased plus accrued and unpaid interest up to the date of repurchase.
On or after the second anniversary of the Issuance Date, the Company may, at its option, convert up to 12.5% of the outstanding Notes each quarter, if (i) the last reported sale price of the Common Stock exceeds 150% of the applicable Conversion Price, (ii) either (a) the Common Stock is listed on a Permitted Exchange (as defined in the Indenture) or (b) the Company’s daily volume weighted average price for the Common Stock exceeds $2,500,000, in each case for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date of conversion for the Conversion Price plus accrued and unpaid interest and (iii) there is an effective registration statement covering the resale by the holders of the Notes of all Common Stock to be received in such conversion. The Company will be required to pay a Make-Whole Premium (as defined in the Indenture), payable in cash or Common Stock, to the Investors if the Notes are voluntarily converted before the third anniversary of the Issuance Date and the Company’s daily volume weighted average price for the Common Stock does not exceed 175% of the Conversion Rate during the five consecutive trading days immediately preceding the date of conversion.
These are shares that at some point once converted will increase the o/a but also have a way out to be bought back over time from the company. This is how I read it which will reduce the o/a
I under no circumstance want them to increase the A/S.
My thought this 119 mil included the preferred from StarBuds. Maybe I have it wrong but I was thinking under 200 mil. total. I believe we were around 132mil before the $95 Mil financing. But remember the amount of trading shares will give a nice temporary boost to pps as many shares wont be included in the earnings.
I believe once the banking laws change management will take a large chuck out by paying a premium. I dont fully understand the fine print but it certain sounds like that possibility exists.
Furthermore, Dye has way to much money invested to not have a grandiose plan. To double there investment makes no sense at $$2.50 -$3.50 makes no sense.
o
Wasn't me that asked. Someone asked and I thought either you or IPS would be able to answer the question. It is a question that certainly big money would ask as it is a question smart money would ask before any large purchases this.
Gotta ask if it is 200 mil o/s and you have a $5 pps that already puts this at 4x sales at $250 mil sales for this year. Obviously on the surface many would not know this. Short term traders meaningless while l-term investors meaningful info.
I get that but trying to figure how many shares maximum. It talks about the recent financing along with Star Buds and all possible dilution. We all expect the pps to surpass the $2.24 and possible #3.50 warrants.
Not sure as I was reading this. But the 119 mil account for the preferred, Starbucks acquisition. Plus a about another 20 mil. from 2018 and alot of warrants. However, I believe some $3.50 warrants to expire this year. To mind boggling for me. Maybe Doc or IPS can get a better answer for you. However, with conversions it would give them an outstanding balance sheet
PS I believe the company can buy some shares back with some of the notes at a premium.
Better days ahead. We need to close on New Mexico and with legal rec.on 4/1 and the possibility to dominate there surely that will add substantial revenues.
50k bid at $1.77
Not the New Year's rally I envisioned
If management continues to manage the company and bot the stock pps the stock will do just fine.
With sales down again in Colorado in Oct. I'm a little skeptical of earning. Like IPS I would be very happy with better than break even or .01 or .o2 in earnings and marking the 3rd consecutive q with positive earnings. GLTA
Need some volume. I believe we have to close on New Mexico mid January. Pretty sure I read that in the filing or it was going to cost more. Someone correct me if I'm wrong
Is this the bottom or do we continue to see the seller push the pps even lower? I believe we get traction and close this week up sharply. Any thoughts?
Tax related or someone doesn't like the terms of the $95 Mil financing?
Last day for cheapie today imo. End of year selling is textbook and a reverse in share price is inevitable
Tomorrow selling ends and Monday everything turns. Possible end of day tomorrow. My prediction up to $2,50
Remember Oklahoma butts up to Co. which alone provides synergies all by itself. We are a low cost provider what is profitable. Then factor in the StarBuds name and reputation.
With prices so low in Oklahoma and over supply with very few making any money whether the providers or state how long do you expect this to continue? At current situation imo not very long
As far as shwz finances with the right kind of deal certain they can once again go to the private sector
Doc not at all saying it will happen but IMO you are ignoring the synergies here. Geogralp ly a no brainer. Sometimes thinking out of the bo and thinking 6-12 months into the future could be needed for the measured profitable growth we all think Dye will provide for that $100 share price. Regardless Happy New Year's to you and all the posters here that make this board 2nd to none
He also said that becoming an mso was not in the cards 4 months ago for the near future. Guess what that wasn't true. Dye does not show his hand and tells others what he wants them to know but definitely not what he knows. Don't know when or where but I truly believe we enter another state in 2022. Why not Oklahoma? They are no longer or have proposed new licences. Should see many for sale as profits have been nearly non-existent thus providing possible good deals that could be synergistic with an A+ management we have
Nice buys this afternoon
Yes it will give opportunities they may have not otherwise arose.
Merry Christmas and Happy New Year's to all SHWZ stakeholders. Peace and good health. Surely 2022 is our break out year.
Obviously I'm not politically correct as without the birth of our Savior their is no reason for the season.
Plus we still have $21 Mil. So in theory we should have in excess of $50Mil dry powder. I like the fact he has been talking with Senators etc. which is key for Banking. Also talked about Republicans getting on board.
Were still paying 13% which is very high. Hopefully once safe banking passes we can get the lower rates without cheap warrants or other teasers.
I agree probably non event. Although it appeared a very tight lipped handpicked management picked by Dye.
3rd 10k buy in 5he last 2 weeks. Someone with money is liking is.
Yes that would be huge and a good start.
Yes. I do get skeptical at times but believe enough to have recently opened accounts for all 13 of my grandkids in a custodial account and bought each one 100 shares. Not alot but could be if management truly can pull it off.
I have noticed a 10k buy and a few 5k's in the last week, Some interest hopefully a large whale sneaking on end of year well selling.