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.
Because Vanis shares are class a and b and protected from dilution.
Do you know what they are? Do you know how many class b shares he and the directors have / get?
Did Vanis buy class c ? Sure. I would too. But his methodology of financing the company is not from selling vfizz. It's on the backs of class c shares which is most definitely being diluted.
250 million in authorized shares. We are >1/4 the way there in using them up. He specifically said he didn't want to increase the AS again but he sure is racing to get to use a lot of them.
Last summer they were touting the rollout. 10-20 stores a week. That was touted for a month. Then an emergency production run... Then ... Crickets and a RS.
"
Anti-Dilution
The Series B Shares are entitled to weighted average anti-dilution protection under certain circumstances specified in the Certificate of Designations.
"
This company should have been well on its way of production and creating a lot more revenue with the rollout.
But where is it ? Where is the game changer in the new year?
Why would he dilute his own stock? Because he's not vested in the dilutive shares.
Oh. In case u didn't realize there are As as well.
None of this dilution affects him with the exception of ... What was it 10k of shares into his daughters trust?
Preferred Stock
The preferred stock may be divided into and issued in series. The Board of Directors of the Company is authorized to divide the authorized shares of preferred stock into one or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes.
On January 11, 2011, the Company authorized 25,000,000 shares of unclassified preferred stock.
Class A Convertible Preferred Stock
On January 11, 2011, the Company designated 15,000,000 shares of its preferred stock as Class A Convertible Preferred Stock (“Class A Stock”). Each share of Class A Stock is convertible into 10 shares of common stock, has 100 votes, has no dividend rights except as may be declared by the Board of Directors, and has a liquidation preference of $1.00 per share.
Class B Convertible Preferred Stock
Dividends
The Series B Shares accrue dividends at the rate per annum equal to 8% of the Stated Value which initially is ten dollars per share payable in cash; provided that after an initial public offering of the Company’s common stock the dividends may be paid at the option of the Company in cash or additional shares of common stock.
Conversion
Each Series B Share (together with any accrued but unpaid dividends thereon) is convertible into shares of Common Stock at the option of the holder at any time at a conversion price per share equal to the sum of the Stated Value a divided by the Conversion Price, subject to adjustment as described below. The initial Conversion Price shall be equal to $0.02. The Series B Shares automatically convert to common stock immediately prior to the closing of a firmly underwritten public offering for gross offering proceeds of at least $10,000,000 or upon the consent of two-thirds of the holders of Series B Shares.
Sooooo with s 250 mil AS you still think it would reverse split? I mean we are 1/4 of way there with OS so at this rate ~9 more months before we get all that AS they said they would not like to increase again.
What's the date in those things? Wondering which run they are from
I get the logic. If someone is selling ... Someone is buying?
Sounds very Homer Simpson
T trade is an after market trade. Am I missing something. ?
354k t trade sell. Ouch.
To be clear 2obee, they don't use sugar. They use sucralose to coat their fluff. That way they think they can feel better about their releases.
Which by the way has now been shown to cause cancer. Nice healthy sparkling water
So much pump and dump talk here with a few posters. Those following any of the only positive posters and not seeing the entire picture deserve to lose their money if they don't see all the signs and garbage talk.
Make no mistake these people are traders , not ' investors'. No investor would be pumping a -98% drop.
Can there be money made? Possibly. But this is purely and in and out game. And those people are in it as such are pretty obvious in their posting.
Smoke and mirrors. Crazy charts with arrows pointing all over the place ... Vague statements of 'quadrupling down'. Who says that kind of cr:p.
Good luck all.
What is your argument? You just proved Obees point that statements are vague and Vanis has got nothing.
Other than positive fluff
Pumpin ain't easy
No. I read it and understand it. And while you think it's finally turning the corner we have consistent increases in millions of OS and float. What YOU don't understand is there are a few people here that are more than likely paid to pump this up and cause the absorption. Why didn't you say this 2-3 days ago about turning the corner?
Hoping you're not a businessman is not bashing or insulting you. It's a realistic comment just like I say I hope trump doesn't become president.
But you can call names all you want.
Doesn't change the company's situation
Until Vanis and co start executing wishful forward looking statements we'll be in this pattern.
Good luck
Agreed
Interestingly the pumpers come to help absorb the trove of extra shares being diluted.
Stupid word 'given'. Did not mean given. 'Owned'. My apologies.
Oh well. I can assure you though this comment is not what damages your reputation.
So are you a trader or an investor?
I think the question should be asked of you ...
Are you a trader? If so you have been pumping this for a long time with free shares and nothing to worry about. Maybe making a few bucks here and there.
Are you an ' investor' ... If so it's clear you are down 98%+ and you are a bad investor and shouldn't be given out advice. Like the friend that came up to you and said ' hey I have this great investment...'
Think about it. Trader = pumper.
Investor = -98%.
You admitted you were given free shares. Soooooo.
What is it. Trader or investor ?
I just looked at my tax lots.
Exactly one year ago today I bought 100 shares at 87 cents ! Wow! ( last time I bought )
I should quadruple down and see where this is next year after another reverse split, dilution and broken promises.
I'm
In
It
To
Win
It
And how does this pertain to MINE pps?
0 credibility.
0 evidence
0 justification except for your tepenyaki charts.
Make no mistake I would be happy with this but i know very well it will never get there
You can label old timer all you want but that would make you a new time sucker
Whenever I read FIBS I see 'lies'.
Pumpin ain't easy
Plenty of AS.
FYI. Products are not 'profitable'. As many of your supports said, won't be til 2018
Who suckered you into buying that much. ? Poor soul.
Good luck but you'll be turning into chopped meat very soon.
When's the next Q due out? Early April?
I have read it. And it talks about all the shares 'given' away last fall.
You conveniently gave is the float increase between January and February.
Your statement that it was already absorbed / taken into the price is absolutely your OPINiON.
With 59 OS and Float only 46M the selling of the flippers and accumulation of the Strong Hands is getting tighter and tighter everyday.
Almost doubled OS. More than 50% in float. Doesn't matter that it's low. It keeps getting bigger so no matter what you buy it will be diluted. Proof is in the pudding.
-OPINION. Not DD
2. The buying has skyrocketed in the last week compared to the last few months in anticipation of several updates(PRs) that are way OVERDUE on the 3 National Products
-What? The selling has increased!!! The buying is making his go lower and lower.
3. Thanks to Coachshot for being open about his friend who unfortunately got hit with his 300k stop limit at .021, the new A is .021 with the B no where in sight.
-Buzz words
4. Resistance is .05 then .11 then .18. It is smooth sailing once each resistance is passed. Example after .05 it is very thin to .11 etc.
-Opinion
5. Fibonacci charts are so tight since Jan. 05 that the CAUSE AND EFFECT are ready to spring shot....
-Charts don't work on an increasing float.
6. Yesterday was the last day of the month and March 1st is today in which MM's start to accumulate today
-You don't say?
Please take all these things into consideration before doubling, tripling, or quadrupling down.
Yes. All these things and a simple look at the chart with no news should be considered.
So you're ok with a 50% increase in float too?
In 1 month?
That's 4.5 billion pre split
Doesn't matter who owns them. That is the definition of dilution. Just like last year when you told me it was not. Right around this time of year. I think we were at 2 billon at the time.
Where is the celebrity that was supposed to have the reserved shares?
Say what you want. Dilution in full effect.
Hey stock scout. Can you critique this chart and put a linear line fit on it?
https://ycharts.com/companies/MINE/shares_outstanding
It's definitely not on yours or Taurus' time frame
Did you mean POS ?
Looks like it only holds a week or so worth of summaries. Last week I saw something about March 22 as some sort of court date.
Check out the link in my previous post. Pacer something.
It shows the summary of each filing.
Looks like March 22 something is happening
So what does /did 4 years teach you? That a sinking pps and massive dilution and RS is a good thing?
Have you somehow miraculously gone through another company similar to Mine and made it out in the green to give you 'experience'?
4 years and still in this thing, is much dumber than a 2 month newbie realizing the facts and posting
Please enlighten us to what 4 years has given you
Look at those rapid fire multi sells in a row .... Ooooo boy. This thing is just waiting to be pounced on with more dilutive shares
Lub dub.
Do I see a heartbeat?
Takes your money to make money.
MINED again?
I thought quadrupling down after RS and increasing OS was the worst advice ever
Wow. I think we said about the same thing
Bought more than enough pre split.
Just bringing to light the same sludge that was flung prior to the RS
Here we are just about 2 cents where we were a year ago pre split.
250 million AS increase post RS and OS is steadily increasing. So while there are a few people here playing the little swings this should not be painted as any sort of long term investment. Especially with no news, no follow through with any promises and no money.
I held and I'm tired of the pumping. I will stick around to see how this plays out. But I'm sure I won't be impressed
U?