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So on June 30, 2014 we have ($0.80 a share coming quickly)
WEIGHTED AVERAGE COMMON SHARES
OUTSTANDING
BASIC
64,664,274
Common 79,675,776 August 7, 2014
These GUYS DID NOT BUY over 14.2 million shares!!
THESE were BONUS SHARES!!
More HUGE HUGE DILUTION!!
The shares were issued pursuant to the Company's 2014 Incentive Stock Bonus Plan. The shares are subject to forfeiture (unless certain performance goals are met) and/or accelerated vesting (in the event of a change in control) as described in the Company's proxy statement filed with the SEC on May 30, 2014.
I think a lot of TUT's are waiting for 10-Q to come out and review it!!
I am as well!! I am wondering if this is getting delayed to get more Warrants to be exercised until then!!
Last year the 10-Q was out already!! I would not be surprised if it does not come out till Aug 15, 2014 with excellent NEWS!!!
GLTA
OK but that does not mean they could NOT have used some of them in Q1 BEFORE April 1, 2014!! in Q1
ID
I can understand previous years as no Profit but this is different now!!
ID
I still DO NOT GET THIS!! WHY not use of ANY TAX credits????
Net income available to common stockholders was $15.3 million, or $0.68 per diluted share, which includes an income tax provision of $7.2 million.
That becomes a HUGE correction in the BLACK and will correct the injustice it did in Q1!!!
That is if they get rid of ALL the Warrants in Q3!!!
GLTA
ID
No year over year was $0.28 million!
ID
An Order permanently restraining and enjoining
Defendants
and any person or entity
4
acting at their direction or on their behalf, from destroying, altering, concealing, or otherwise
5
interfering with the access of the Commission to
,
relevant documents, books and records;
NO a LOT of other GROUPS are worried NOW!!
ID
Seems You are too CAUGHT DIRTY handed!!
Stock Pushers Charged After SEC Pot Pump-And-Dump Probe
By Stephanie Russell-Kraft
Law360, New York (August 05, 2014, 7:56 PM ET) -- A group of stock promoters face criminal charges and a civil enforcement suit following an SEC investigation into an alleged pump-and-dump scheme in which authorities say the promoters reaped more than $2.5 million in illegal profits by manipulating the stocks of medical marijuana-linked microcap companies.
Mikhail Galas, Alexander Hawatmeh and Christopher Mrowca were arrested and hit with with two conspiracy charges by the U.S. attorney in Tacoma, Washington. The three men were also accused in an SEC suit alongside alleged co-conspirator Tovy Pustovit of running the...
http://www.law360.com/whitecollar/articles/564422/stock-promoters-charged-after-sec-pot-pump-and-dump-probe
Christopher Mrowca, aka, HotStockAce
He CAN NOT even remove these about himself as these are posts about MONEY RUNNERS!!
The SEC IS WATCHING!!
And SO IS IHUB!!
ID
I hope this is NOT IN AMBS!!
“Our Microcap Fraud Task Force is taking direct aim at abusive practices and serial violators within the microcap markets like these four promoters seeking to exploit retail investors for personal gain,” said Michael Paley, co-chair of the SEC’s Microcap Fraud Task Force.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542594818#.U-HKlmPwq3p
Christopher Mrowca, a stock promoter who operates Money Runners Group LLC, which has an affiliated stock promotion website called MoneyRunnersGroup.com. He lives in Bradenton, Fla.
WOW MONEY RUNNERS in AMBS!!!
AMBS .172 MONEY RUNNERS! Called at .16 today! .20 PLUS COMING! BLUE SKY BREAK OUT!
Christopher Mrowca, a stock promoter who operates Money Runners Group LLC, which has an affiliated stock promotion website called MoneyRunnersGroup.com. He lives in Bradenton, Fla.
Yes they are MONEY RUNNERS!!
Hey MONEY RUNNERS are you a SCAM in SLTD???
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542594818#.U-HKlmPwq3p
Christopher Mrowca, a stock promoter who operates Money Runners Group LLC, which has an affiliated stock promotion website called MoneyRunnersGroup.com. He lives in Bradenton, Fla.
ID
Hey MONEY RUNNERS are you a SCAM in XUII???
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542594818#.U-HKlmPwq3p
Christopher Mrowca, a stock promoter who operates Money Runners Group LLC, which has an affiliated stock promotion website called MoneyRunnersGroup.com. He lives in Bradenton, Fla.
ID
Hey MONEY RUNNERS are you a SCAM in SLTD???
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542594818#.U-HKlmPwq3p
Christopher Mrowca, a stock promoter who operates Money Runners Group LLC, which has an affiliated stock promotion website called MoneyRunnersGroup.com. He lives in Bradenton, Fla.
ID
I hope Tom does not get caught!!
“Our Microcap Fraud Task Force is taking direct aim at abusive practices and serial violators within the microcap markets like these four promoters seeking to exploit retail investors for personal gain,” said Michael Paley, co-chair of the SEC’s Microcap Fraud Task Force.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370542594818#.U-HKlmPwq3p
GLTA
ID
I lowered my buys to $5.10-15 again that 200DMA looks like she will get hit over next couple of weeks!!
GLTU
ID
This is going down to $1.00 and lower! Charts say it all!!
GLTA
ID
They have till Aug 15, 2014!
ID
Some people have 2 faces!!! Yes???
I can't have a reasonable discussion with someone who refuses to acknowledge facts
Today was brutal!!
Chart says maybe down to $5.50 or so before earnings and then back up by mid Aug!!
http://stockcharts.com/h-sc/ui?s=GOL&p=D&b=4&g=0&id=p47467930724
This time I got buys in at $5.50!! I hope to catch here!!
I got some MSLP will buy more over next few days into next week!!
I hope she moves up to about $14.00 before earnings!!
ID
I think one camp wants to sell and another camp wants to remain as whole!!
Who is going to win out!!
ID
Here is something interesting!!
Further, on April 1, 2014, New PE Holdco LLC was converted from a limited liability company to a C-Corporation and changed its name to PE Op Co.
Consolidation of PE Op Co. – The Company concluded that since PE Op Co.’s inception, through the point the Company became a 91% owner, PE Op Co. was a variable interest entity because the other owners of PE Op Co., due to the Company’s involvement through its contractual arrangements, at all times lacked the power to direct the activities that most significantly impacted its economic performance. However, since the Company’s recent acquisition bringing its ownership interest in PE Op Co. to 91%, the Company has obtained sufficient control both by way of agreements as well as based on structural control of PE Op Co., such that PE Op Co. is no longer considered a variable interest entity, and as such the Company will consolidate PE Op Co. under the voting rights model.
Noncontrolling interest increased from $5,683,000 at December 31, 2013 to $7,692,000 at March 31, 2014 due to net income attributed to noncontrolling interest of $2,009,000 for the three months ended March 31, 2014.
The Company’s acquisition of its ownership interest in PE Op Co. does not impact the Company’s rights or obligations under any of its contractual arrangements. Further, creditors of PE Op Co. do not have recourse to the Company. Since its acquisition, the Company has not provided any additional support to PE Op Co. beyond the terms of its contractual arrangements.
Ok from 10-Q1 on taxes!!
Provision for Income Taxes – For the three months ended March 31, 2014, although the Company incurred a net loss for the period, it generated income subject to income tax as a result of the nontax-deductible nature of its fair value adjustments for the period. As a result, the Company applied its net operating loss carryforwards to its potential taxable income and recorded a deferred provision for income taxes of $11.3 million, eliminating any need for a current tax provision or liability. Further, the Company reversed $8.0 million of its valuation allowance against its net tax assets, resulting in a benefit to its provision for income taxes with a net $3.3 million provision for income taxes for the period. Further, on April 1, 2014, New PE Holdco LLC was converted from a limited liability company to a C-Corporation and changed its name to PE Op Co.
This was an area we were off on!!
Fair value adjustments and warrant inducements.................................................. (2,520)............... (35,844).......................4,257 (5.5M down to 4.0M gives adjustment now as per Rule_62)
Q2 was only
Fair value adjustments and warrant inducements 485
Why are you creating so much doubt?? Only a short would do this!!!
These are the best times for PEIX EVER!!!
ID
Not so EPS would be HUGE as all warrants would be eliminated as well by end Q3!!
And profit per share would be over $3.00 a share!!
ID
People TOLD ME I WAS DUMB when I SCREAMED for people to buy shares at $2.40-50 a share in Nov 2013!!!
Guess whom who was right???
ID
People LAUGHED at me after Q1 in March when I stated ALL DEBT WOULD BE ELIMINATED by end Q3!!!
Guess who was right?????
ID
Exactly why the shares now( $34 million)?? and that much incentive!!
1.7 million shares say x $20.00 = $34 million?????
and if $30 a share = $51 million????
$40.00 a share = $74 million????
They only made $15 million in Q2!!!
SOMETHING BREWING!!!!
ID
No problem you STILL did not answer my question!!
Why Not $1.00 in NOLS used by PEIX for 2014 for tax break???
ID
3 DIFFERENT companies got these shares 1.7 million shares in offering!! SO THEY are NOT considered as one GROUP!!
They are considered as 3 DIFFERENT IDENTITIES!!
GLTA
ID
PS why has NOT $1.00 in NOLS been used in tax breaks yet for 2014?????
TIA
ID
Why would they then NOT even use $1.00 in NOLS then???
Something HUGE BREWING!!
ID
Correct the BIGGER the tax owing the more they can use!!
PEIX CAN NOT USE $70 million this year BUT A BIG COMPANY LIKE SHELL COULD in 2014!!!
Why then did PEIX NOT EVEN use say $1 million???
ID
So this is why 2014 would have $287 million in NOLS available!!
per the 10K -
A portion of the Company’s net operating loss carryforwards will be subject to provisions of the tax law that limit the use of losses incurred by a company prior to the date certain ownership changes occur. The amount of the Company’s net operating loss carryforwards that would be subject to these limitations was approximately $374,810,000 at December 31, 2013.
Due to the limitation, a significant portion of these net operating loss carryforwards will expire regardless of whether the Company generates future taxable income. After reducing these net operating loss carryforwards for the amount which will expire, the Company had federal net operating loss carryforwards of approximately $45,250,000 and $45,424,000, and state net operating loss carryforwards of approximately $41,695,000 and $48,291,000, at December 31, 2013 and 2012, respectively.
No they lose a portion every year at a certain rate!! They do NOT lose all of the NOLS at one time!!
ID
The people who own the 9% could force a buyout with enough leverage!! And stock ownership!!
We still do not know how the other $30 million in debt was purchased back!! Only after Q2 is released or maybe only in Q3
That stock offering after Q1 is still a mystery to me as to why????
Since they have this much cash now!!!
They had NO NEED to EVEN DO IT!!!
Something BIGGER is coming just do not know what yet!!
ID
So does that mean only $87 million of the $374 Million of NOLS was lost in 2013??
And 2014 will have then $266 million available??
If so then BUYOUT even MORE probable since NONE WERE used so far in 2014!!!
ID