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To me it all depends on who owns the patents. Let’s suppose Leanne does until the agreement is completed in 2020. This company goes private then is dissolved shortly after. Subsequent to that a new private agreement is reached between Billy Leanne and the inventors. They share more of the pot at settlement. Easy peasy. It’s just a conjecture on my part but it’s plausible as none of us know how this is going to play out.
It seems to me that Billy, Leanne and the two inventors are going to be protected no matter what. It’s just the rest of us that may not matter. Anything can happen if we go private. A low ball buyout offer may happen here. This is new territory for everybody
Good chance. Still trying to figure out how
I guess now we know why there were large sell orders over the past few days
So this stock is being suspended?
Could be. It just crosses my mind that if this thing settles as for 1b the non Carter’s shareholders would get over 400m. I could understand them issuing the stock if it covered some of their downside risk in case they lost but that doesn’t seem to be the case here. It just doesn’t seem like they needed to do it. I own a ton of shares and this question is the only thing that bothers me about this position. Anyway I’m in it til the end
No friend. I’ve just wondered about the purpose of the stock issue. I was assuming that it was to help pay for the 5m that is due in 2020. I was hoping someone here from the old days could give me a reasonable answer.
Me too. From a pure business standpoint it just had me scratching my head. Thanks
This gets to the question that as nagged at me since I bough my shares. Why were the extra 700 m shares sold to the public? It seem to me that the lawyers are going to get paid on a contingency so it wasn’t to fund the litigation. If I’m Carter or his partners why would I share any award with anyone if I didn’t have too. Was it to fund the 5m payment in 2020?
I’m buying more tomorrow now that the price is back to reality
How could this happen? I talked to Greg and he said this couldn’t happen. Pumpers hurt a lot of bag holders today.
I guess the darkness was on the pump side on this one
If the company is really going to buy back shares the share price is going to get driven into the ground before that happens. They are not going to pay for shares at .15. This could be seen a mile away
I know his first question. Where are they getting the money for the share buy back?
I’m falling in love. U are authentic in your pursuit. Beautiful. Unabashed pumping.
Misspoke. Reverse merger
I own a ton of shares but here is my nagging question: Why would a CEO share information with a select few investors that will go back and share that info with a larger group knowing that by doing so will drive up the cost of the r/s? It doesn’t ring true. I’m happy to ride the hype train for a while but the story doesn’t ring true
Far more darkness on the pumping side in the otc. But u already knew that.
Moxa, I don’t know anything about u but I am relatively certain that if u took over as Chairman of the board instead of Hirsch u would have done better than a stock price reduction from the mid .70s to under .10 since the fall of 2017.
I didn’t sell mine and I’m not going to. The price holds when u attempt to defend the share price. It goes up when achievements are communicated to the market. If delays occur let us know why and we will understand. Treating us like mushrooms is not for the share price.
My issue with him is the lack of communication. Biotech stocks move up and down drastically in the clinical stage. He didn’t do what he said he was going to do
Hopefully somewhere in that letter he announces his resignation
Last time Hirsch did a letter this was trading in the .40s. Not much comfort
I agree too low, I just don’t see Carter walking away from that sort of number. It’s just how I see it. I hope it’s way higher
And they haven’t been paid yet. We will see but that’s my call for a quick and easy settlement
Bought more today.
What does she really have to do anyway? Stack all the bills in one big pile and grab the revenue from the other pile and pay those bills...wait, my bad, there is no other pile just a toxic loan which turns into a bill
I just honestly don’t think he will walk away from that amount if it closed quickly
I bet that number is around 800 m
Yeah. Doesn’t look good on the surface. You would think that if we were in the verge of something great you couldn’t blast him out of the company. Looks like nothing great is on the horizon. This would be a great time for some communication from Sr management
Might be time to pull the rip cord.
Hirsch has been so quiet I wouldn’t be surprised if he goes next.
Hmmm. Don’t like seeing management changes when the stock is trading at historic lows
Lol.
Owcp is a bad example. That turned out to be a hype play as well. Friedman is in court over that. Time will tell how this one plays out.
Yeah. Scratching my head about a lot of the stuff I’m seeing. To me this is more of a hype play with some room for this to run a bit more. This week should be decent on the up side but probably not much longer after that.
Will do thanks
So let me see if I understand this correctly. If we are talking 35m in revenue and let’s assume a 20 percent earnings before taxes gives us 7m in profit before tax. So it we value this at say 8 times earnings we get 56m divided by 500m we get a share price of .11c. Can someone explain how this goes higher than this?
Owcp had a small amount of shares issued at the time and management gave the false impression that revenue was right around the corner. Completely false narrative at the time