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WOW!!!
Further, since January 1, 2014, we made $19.4 million in additional principal payments in cash, resulting in an outstanding balance of $16.0 million as of March 31, 2014, with availability of $19.4 million.
As of December 31, 2013, the aggregate outstanding principal balance of the January 2013 Notes was $14.0 million. Further, since January 1, 2014, we made $13.1 million in additional principal payments in cash, resulting in an outstanding principal balance of $0.9 million as of March 31, 2014.
The one thing I am interested in is
marketable securities of $11.8 million
Sales for 4th quarter are $36.8 million!!
That is pretty good since 2 companies only were added in late Dec so no income from them and Agel only started after Oct 22, 2013!!
With the other 3 companies fully digested!!
2 more companies added in Q1!!!
So my prediction for sales in Q1 are around $45-50 million with total sales for all 8 companies so far at $200 million for 2014!!
Q1 will be nice!! I am looking forward to mid May or sooner for another acquisition!
GLTA
ID!
All the other preferred shareholders sold out!! Last year!!
They are only doing it April 2 2014 so that O/S would not be another 250,000 plus shares till Q2!!
Frost can now sell them at any time and no filings are needed!!
GLTA
ID
They were able to convert ANYTIME!!
ID
This SEC thing must be bad!! Otherwise why would Frost convert to common???
ID
Frost wants out!!
* On April 2, 2014, 131,500 shares of our Series D Convertible Preferred Stock held by Dr. Philip Frost shall become convertible into 263,000 shares of the Company’s common stock.
WHO CARES buy back 120,000 shares and O/S goes up 25%!!
8.6 million Q3 to
Number of shares of the registrant’s common stock outstanding at March 28, 2014: 10,349,912
The only good thing is this!!
Fully Diluted as of March 28, 2014 11,986,904
Correct but I do not think they want to be in pinky land!!
ID
Man they want their NOL's $179 million otherwise about $39 million net loss for 2013!
PEIX would be worth then at least $750million - $1 billion
So about 22 million fully diluted shares would make them at least $30-45.00 a share in a buyout!!
And likely more since they will now also have Cali starting up!!
200 million gals production per year!
GLTA
ID
It may go to supreme but they cause a further delay when they file for another appeal!! That may take another year but a delay makes VRNG pay more expenses with no money for another year!!
And retail ?? waits another year or do they pull out and PPS falls further!!
GLTA
ID
I would exercise the warrants say 1 million so $7 million but sell 500,000 shares at say $14.00 and pay no taxes because no capital gains!! Till I sold the other half in one year!! or split them up another 250,000 shares later this year and pay 30% and another 250,000 next year and pay 15%!!
GLTA
ID
No when China revile how much gold they have in April watch this rise to very new heights VERY VERY FAST!!
The one who owns the most gold wins and USA has no more gold!!
Watch the USA dollar fall and that means gold goes higher!!
GLTA
ID
WHY would you sell when annual report comes out next week??
Are you short and covered???
Makes no sense!!
GLTA
ID
I think regardless the price of gas will go up! As Ukraine is a unknown right now!!
Oil is up big already!! in short time!! And Spring summer around the corner!! For blending!!
California!! Is the future and all their smog!!
These companies are so under rated in PPS already!!
GLTA
ID
One thing about these warrants!! I just cannot see a person buy them and sell all of them!!
Just like the debtors when they converted their debt into shares at $4.00 each!!
These guys may sell some to get their cash out which would mean about half of their warrants and keep the rest!!
So the dilution actually maybe only half of their shares!! And not all of them!!
That is what I would have done!! Especially with all the profit coming over the next month or so!! and sell them when we are over $25.00 a share!!
GLTA
ID
Did I say something wrong??? LOL
WOW!!
ID
Getting close to end of cheap shares again!!
Monday will likely be it!! Tuesday likely explosion if Annual comes out on Monday!! or Monday AM hard to tell when they will post them!!
I bought a few more this AM!!
GLTA
ID
Just give me some more 5's again to add and go back up!! LOL
Close the gaps on daily chart!!
GLTA
ID
WOW new low again!! $6.16 ! That 2hr chart continues to dominate!!
Not sure to buy now or wait till Monday!!
Does this go down further or does a bounce up occur??
GLTA
ID
Not true if warrants were sold today and Annual comes out on monday!!
The O/S is THE LATEST COUNT as of FRIDAY!!
So we will know!!
GLTA
ID
The BIGGEST reason is there is dilution over years!! More shares now than before!! Bonuses etc. plans to employees!!
GLTA
ID
That makes a R/S VERY VERY LIKELY!!
They do not want to go down again!! As next year they STILL WILL NEED annuals and quarterlies done!!
GLTA
ID
That is one thing I do not get is options!!
I need to take a course on them!!
There is a ton of money in them as well can loose as well!!
That appears to be GREAT trade!!
GLTU
I KNOW you will do WELL in PEIX!!
Any thing for May 15 around $25.00 will make it EASY!!
And No I was talking about the annual report!!
It will tell us current O/S which will tell us how many warrants were exercised!! And more cash on hand for Q1!!
And what Q1 will look like!!
All reports give us a clue!!
ID
Lets take an extrapolation from REX and PEIX!!
REX in Q4’ 13, the Company’s gross profit rose to $26.3 million, from a gross loss of $2.6 million in the prior year period
PEIX Gross profit was a record $21.6 million for the fourth quarter of 2013, compared to a gross loss of $4.7 million in the fourth quarter of 2012.
Better not if he wants to up list!!
GLTA
ID
The go lower exchange yet!! GREY's!!!!
ID
There is a catch all naked shorting does NOT NEED to be reported in Pinks or lower!!
ID
Not next year all pinks will need all reporting done!! On timely basis or get kicked out!!
ID
No chart just getting set up for next move up!!
Low again in low $13.00 or so maybe!!
And then up she goes along trend lines!!
I got more buys in again!!
Buy the lows!!
http://stockcharts.com/h-sc/ui?s=PEIX&p=D&b=5&g=0&id=p87893501153&a=343944924
GLTA
ID
No rules will be coming for next year!! Reason why ALL pinks are trying to get audits done!!
Financials will be needed or get delisted!! All 10Q's and 10k"s will be needed!!
They will be go down to pinks but audits will be done on TIME!!
ID
It is but this is first step!! In long over due overhaul of OTCBB's and Pink sheets!!
SEC get so many complaints of pinks and OTCBB's that they are now going to have some normal behavior!!
If you look at many pinks many are trying to get uplisted!! Why???
Because they are DELISTING MANY scams!!
Over 200 last year alone!! And they say more than 400 coming for this year!!
GLTA
ID
Trying to keep pace with Canada and rest of world!!
Min PPS of any stock is $0.01 a share!!
Not only that the min SHARE for A/S is a cost of $0.01 a share for insiders!!
No more cost of say $0.0001 a share or $0.00001 a share for CEO's etc!!
This will weed out MANY MANY companies!!
ID
Who cares of $60 million when still cash negative till at least Q3!!
And market cap of
125 million(likely more) x say $6.00 = MARKET CAP of $750 million!!!
Any blind man can see this is not realistic yet!! ( he can do the math in his head)
GLTA
ID
R/S and reporting!!
Main reason so many pinks are trying to get audits done!!
They are getting worried and get delisted and cash cows are taken away!!
GLTA
ID
That may be why CEO wants audit down ASAP!! To uplist!!
GLTA
ID
2.5 billion shares x $0.01 = $25 million market cap???
Maybe! Maybe NOT!!
GLTA
ID
WOW this better stay up or it is toast!! or R/S coming sooner!!
Quote:
NEW YORK, March 26 (Reuters) - OTC Markets, the operator of three U.S. over-the-counter equity markets, is rolling out tighter reporting standards and eligibility requirements for its venture-stage market to crack down on stock scams and bolster transparency, the company said on Wednesday.
On May 1 for its OTCQB market, OTC Markets will introduce a new minimum one-cent bid price requirement and will require the company's chief executive or chief financial officer to certify that its reporting obligations are current and that disclosures about shareholdings, officers and corporate profile are correct.
The bid requirement, in which stocks must have been quoted for at least 1 cent daily over a 30-day period or be dropped from the market, aims to ferret out companies that fall prey to dilutive stock fraud schemes and promotions, OTC Markets said.
OTC Markets also will charge a one-time $2,500 fee for new applicants and an annual $10,000 fee for companies trading on its markets.
Foreign companies that are listed on a qualified stock exchange and are current in their U.S. reporting obligations will be allowed to trade on OTCQB, OTC Markets' middle-tier marketplace. In the past, they traded on the lowest "pink" tier.
On Tuesday, the two most actively traded stocks on OTC Markets on Tuesday were French dairy products maker Danone SA and Swiss pharmaceuticals Roche Holding AG .
Trading volume on OTC Markets was 20.1 billion shares on Tuesday, about three times that of all U.S. stock exchanges and other trading venues. But the value traded, $1.4 billion, paled in comparison with the $263.4 billion executed on the other exchanges and venues, data from BATS Global Markets showed. (Reporting by Herbert Lash)
GLTA
ID