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No worries, we'll all be winners here.
And 2,000 employees.
I second that. CVSL best board around.
Awesome post!
Thank you for sharing, it makes sense.
Anticipation building, whose LOI next?
I don't think many want to let go of shares, knowing that dozens of companies will join CVSL.
Don't forget Mary Kay.
onemessageonly has shown a strong connection, compelling reasons to believe!
Exactly, more exposure.
Better than IR department.
Very smart!
I suspect another LOI announcement in the very near future.
In discussion with dozens of companies.
Whether they get any or not won't matter. Weak hands out, strong hands in. Strong bid support helps create urgency to slap the ask.
Lot's of strong hands holding, very little bid dumping. Thinking traders exiting, trend too strong to the upside.
Longaberger plus in discussion with dozens of other companies whose sales total $6 billion.
Exactly Skipper!
.30's will be a thing of the past in the near future.
.20's are making like dinasours, extinct.
D
I agree, another thrust in volume could very well do that.
Explor to Start 3,000 Meter Diamond Drill Program on the Kidd Township Property
8:16 AM ET 1/18/13 | Marketwire
Explor Resources Inc. (TSX VENTURE: EXS)(OTCQX: EXSFF)(FRANKFURT: E1H)(BERLIN: E1H) is pleased to announce the commencement of a 3,000 meter diamond drill program on the Kidd Township Property. Explor will focused on a 500 hectare portion of ground located approximately 2.0 kilometers west of the Kidd Creek open pit. The property is located in the Kidd Township in the Porcupine Mining division, district of Cochrane, Province of Ontario.
The Kidd Township Property is located in the south central part of Kidd Township to the west, south, south-west and north of the Kidd Creek mine site. The property is approximately 20 km north of the city of Timmins, Ontario. Excellent access is provided by Hwy 655. Explor's land position in the area is 2,466 hectares. The most obvious topographical feature in the area is the Kidd Creek open pit approximately 1.6 km to the east of the property. The property is located in a greenstone belt composed mainly of sequences of meta-volcanic rocks cut by faults and deformation zones that lie in a NW-SE direction.
Recent analysis of the previous completed drill program, the MEGATEM survey, the VTEM survey and previous historical drill results has confirmed that a major fault structure crosses the northeastern corner of claim block 4211459. This fault structure and Explor's claims are shown on the attached plan. The claims are outlined in white and black. Both the Kidd Creek and the Chance deposits are located within this fault structure that crossed the Northern part of the claim block. In the previous drill program Explor found in the core sulfide rich flow breccias and coarse pyroclastics, which are indicative of a volcanic mound and nearby venting, favourable area for the deposition of massive sulfides.
Geological modelling for the deposition of marine volcanogenic massive sulphides proposes that hydrothermal venting usually occurs along a deeply rooted fault "growth fault". Hydrothermal venting and sulphide deposition can occur in multiple locations over many kilometres along such faults, resulting in a "string" of massive sulphide deposits (i.e. Noranda and Mattagami mining camps). Assuming that the Kidd Creek and Chance deposits lie along such a growth fault, the projection of this fault would crosses the northern portion of claim 4211459 in the area of VTEM anomalies C1 and C2, as well as the isolated MEGATEM anomaly which lies nestled in between.
Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: "We are extremely excited that we are about to test this major fault structure with our proposed program on our 100% owned Kidd Township Property. VMS deposits tend to cluster in districts (or camps) and locally within districts. The average massive sulphide camp in Canada has about 9 deposits, but ranges from 4 (Manitowage) to 21 (Noranda), and 27 (Bathurst), however an individual deposit may consist of a number of closely associated lenses ranging from several thousand to several million tons. The largest deposits in this group may be in excess of 100 million tons (example: Kidd Creek, Brunswick Bathurst No.12)"
The proposed 3,000 meter diamond drill program will test an area 800 meters in length and 300 meters in width that has not yet been drill tested. The area to be tested is approximately 1.0 km to the west of the Chance (Zn-Pb-Ag) deposit as shown on the attached claim map. The area to be drilled appears to be located on the same synvolcanic collapsed structure as the Kidd Mine and the Chance Deposit. The EM targets occur along magnetic boundaries suggestive of a rhyolite/basalt contact.
The Kidd Creek Mine located to the east of the property is known for its Cu-Zn-Pb-Ag production. The Kidd Creek Mine has produced over 130,000,000 tonnes of base metal ore since it started production in 1966. This acquisition is being made because of Explor's belief in the cluster effect of VMS deposits. The presence of mafic and felsic rocks with anomalous zinc and copper make this an exploration property of merit.
Explor invites investors to visit our booth #1212 at the Vancouver Resource Investment Conference held from January 20 to January 21, 2013 at the Vancouver Convention Centre West.
Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.
Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H).
This press release was prepared by Explor Resources Inc. Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Company was continued under the laws of Alberta in 1986 and has had its main office in Quebec since 2006.
Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. The TPW mineral resource includes: indicated: 212,800 ounces of gold (1,371,000 tonnes at 4.83 g/t Au) and inferred: 814,800 ounces of gold (7,122,000 tonnes at 3.56 g/t Au (Press Release dated June 06, 2012).
This document may contain forward-looking statements relating to Explor's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
To view the map of the Kidd Township Property, please visit the following link : http://media3.marketwire.com/docs/pkd.pdf.
View data
Contacts:
Explor Resources Inc.
Christian Dupont
President
888-997-4630 or 819-797-4630
819-797-6050 (FAX)
www.explorresources.com
Stratastar Marketing Group LLC
Investor Relations
Gary Lindsey
720-273-6224
Contacts: Explor Resources Inc. Christian Dupont President 888-997-4630 or 819-797-4630 819-797-6050 (FAX) www.explorresources.com Stratastar Marketing Group LLC Investor Relations Gary Lindsey 720-273-6224
SOURCE: Explor Resources Inc.
http://www.explorresources.com
http://www.otcmarkets.com/stock/EXSFF/news/Home-Country-News-Release---EXPLOR-TO-START-3-000-METER-DIAMOND-DRILL-PROGRAM?id=57669&b=y
Level out, establish higher base, break resistance.
Looking good, .50+ on next announcement/LOI?
Dozens in the works, 2 a month on average?
D
Nice find, sounds good, Kylegirl.
Need to break resistance levels, another LOI announcement wouldn't hurt.
D
Interesting, bid rise to .51, anyone gonna bite?
Trending nicely!
Surprising volume, holding green.
Break those .30's and step to .40, maybe this week.
Great day all!
Go CVSL!
Top Notch Talent Coming to Montavo!
Syed Hussain, Chief Technology Architect - formerly Chief Technology Architect for Razorfish (Publi- cis)
Razorfish Fact Sheet
http://razorfish.com/img/content/Razorfish_Fact_Sheet_Final_Updated073011.pdf
Razorfish Web Site
http://www.razorfish.com/#/company
Addition to Management Team:
Syed Hussain, Chief Technology Architect - formerly Chief Technology Architect for Razorfish (Publi- cis), deep domain expertise in the architecting, design, development and deployment of a broad range of advertising analytics and intelligence systems.
http://www.slideshare.net/Montavo/montavo-executive-summary-15990198
Syed Hussain's Overview
Current Technical Architect at Aquantive
Technical Architect at Razorfish
Technical Architect at Razorfish
Past Systems Manager at Wipro Technologies
Education Birla Institute of Technology and Science
Connections 52 connections
Syed Hussain's Experience
Technical Architect Aquantive Public Company; 1001-5000 employees; AQNT; Marketing and Advertising industry
Currently holds this position
Technical Architect Razorfish Public Company; 1001-5000 employees; pub; Marketing and Advertising industry
2005 – Present (8 years)
Technical Architect Razorfish Public Company; 1001-5000 employees; pub; Marketing and Advertising industry
2005 – Present (8 years)
Systems Manager Wipro Technologies Public Company; 10,001+ employees; WIT; Information Technology and Services industry
1999 – 2002 (3 years)
Syed Hussain's Education
Birla Institute of Technology and Science B.Tech, Electronics and Telecom Engineering
http://www.linkedin.com/pub/syed-hussain/4/328/794
$.33 Should be Minimum!
- Unsecured $20 mil Note
- Mandatorily convertible to both principal and interest
- Conversion at $.33/share
- Subject to max of 64 mil shares being issued
- 4% interest per annum
How many businesses can get these terms?
From Sch 13-D
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9018310
(1) Richmont Capital Partners V LP (“ Richmont Capital ”) is the payee and holder of a $20,000,000 Convertible Subordinated Unsecured Promissory Note (the “ Note ”) that is mandatorily convertible, both as to principal and interest (the “ Conversion ”), into shares of the common stock (“ Common Stock ”) of Computer Vision Systems Laboratories, Corp. (the “ Issuer ”) at $0.33 per share, subject to a maximum of 64,000,000 shares being issued. The Note bears interest at 4% per annum. As described in response to Item 5, the Conversion is subject to sufficient shares of Common Stock being available to effect the Conversion. Richmont Street LLC (“ Richmont Street ”) is the sole general partner of Richmont Capital, and John Rochon Jr. (“ Rochon ”) is the sole owner and the President of Richmont Street. Therefore, Richmont Street and Rochon may be deemed to be beneficial owners of, and share voting and dispositive power over, the shares issuable upon the Conversion.
(2) Richmont Capital has the right to receive direct ownership of the shares of Common Stock issuable upon the Conversion. Both principal and accrued and unpaid interest on the Note are convertible into shares of Common Stock at $0.33 per share subject to a maximum of 64,000,000 shares being issued.
(3) As described in the response to Item 5, if Rochon Capital Partners, Ltd. (“ RCP ”) surrenders to the Issuer the shares of Common Stock to effect the Conversion, then each of Richmont Capital, Richmont Street, and Rochon will beneficially own at least 12.3% of the outstanding Common Stock if 60,000,000 shares of Common Stock are issued in the Conversion, but no more than 13.1% of the outstanding Common Stock if 64,000,000 shares of Common Stock are issued in the Conversion. If RCP, however, does not surrender any shares of Common Stock to effect the Conversion so that the Issuer issues additional shares of Common Stock to effect the Conversion, then each of Richmont Capital, Richmont Street and Rochon will beneficially own at least 10.96% of the outstanding Common Stock if 60,000,000 shares of Common Stock are issued in the Conversion, but no more than 11.6% of the outstanding Common Stock if 64,000,000 shares of Common Stock are issued in the Conversion.
Very nice!
.20 looks tasty.
D
Yes and Yes but no towards float.
$2 Billion MCap - Looks Like CVSL is Undervalued Considering Buyouts with $6 Billion in Total Sales in the Works.
One in the basket - Longaberger = $100 million in sales
http://ih.advfn.com/p.php?pid=nmona&article=55812445&xref=newsalert
It's all about how they use the available equity financing to leverage buyouts. Bringing in equal or greater value in return for dilutive shares is not a bad thing.
Read on!
.Rochon Plans to Build Direct-Selling Brands on LVMH Model
By Lauren Coleman-Lochner - Nov 27, 2012 7:25 AM PT ..Facebook Share LinkedIn Google +1 0 Comments
Print QUEUEQ..John Rochon, the former head of Mary Kay Inc., says he’s working to acquire a collection of door-to- door selling businesses that will emulate LVMH Moet Hennessy Louis Vuitton SA (MC)’s model of giving the brands’ founders independence to run their businesses.
Rochon, who has invested in RealPage Inc. (RP) and Dirt Devil, in August agreed to take over Computer Vision Systems Laboratory Corp. (CVSL) to form a vehicle for buying direct-selling companies. CVSL has buyouts with $6 billion in total sales in the works, Rochon said, declining to name them. While some deals won’t be completed, several are close, he said.
CVSL’s targets are in the health, home and beauty industries and have annual revenue of about $100 million each. Rochon said he wants the founders who had the energy and vision to build their companies to stay involved and remain the face of their brands.
“I would never let people exit a business where the business success was the very charismatic nature of the leadership,” Rochon, 61, said in an interview.
LVMH, based in Paris, is the world’s largest maker of luxury goods with 23.7 billion euros ($30.6 billion) in sales last year. The group, which owns brands including the Louis Vuitton fashion line, Moet & Chandon champagne and Dior perfumes, says on its website that it allows its companies to “exercise stringent control over every minute detail of their brands’ image.”
Rochon, who also is founder and chairman of Dallas-based Richmont holdings, mounted takeover attempts for rival Avon Products Inc. (AVP) in the late 1980s and early 1990s and at one point was its largest shareholder with 22 percent of the stock. Richmont was working on a proposal to buy a new stake in Avon, a person familiar with the situation said in September. Rochon declined to comment.
Direct Selling
Rochon said direct-selling businesses have an advantage because they have been building experience with word-of-mouth, relationship-based selling long before the advent of social media. As chief executive officer of Mary Kay, known for awarding pink Cadillacs to top representatives, he expanded the brand overseas and helped boost revenue to almost $3 billion when he left the company in 2001 from about $500 million at the time he led its leveraged buyout in 1985.
Direct-selling “is doing great internationally,” and should be more successful in markets where the economy is lagging and people are motivated to earn extra money or more independence, he said.
Volatile Industry
While the industry is volatile, and annual turnover among distributors ranges from 40 percent to 90 percent, direct sales companies “can grow exponentially with very little or no incremental capital,” John San Marco, an analyst at Janney Montgomery Scott LLC in Philadelphia, said in a telephone interview.
“I can’t imagine you can’t find good, start-up businesses,” he said. “My guess is that it’s pretty fertile ground right now.”
Now is a good time for acquisitions because a generation of founders is approaching retirement and sellers are concerned about the potential for higher tax rates, Rochon said.
At Mary Kay, Rochon invested in technology, building an online community for representatives and selling other companies’ products through the Internet at a time in the late 1990s when many questioned whether online selling would kill direct businesses.
http://www.bloomberg.com/news/2012-11-27/rochon-plans-to-but-direct-selling-brands-on-lvmh-model.html
.20 is a bargain IMHO, convertible notes value at .33
D
We'll see how inspiring Tami Longaberger was on Friday and how many consultants/employees take her up on the offer to own a piece of the pie.
Should be a very interesting week.
D
LOL, but onemessageonly probably has a better feel for this.
We do know it is not Active Organics.
D
I believe you noted that before, thanks.
My question remains, who will be the next acquisition by CVSL?
Companies tied to the 6 new BOD members seem most likely, eg. Longaberger.
Perhaps you have already pointed this out.
Which one of Michael A Bishop's companies will follow Longaberger?
Michael A. Bishop
Manager at Actimuse, LLC
Secretary and Director at Actiprime, Inc.
Director and Secretary at Active Business Contacts, Inc.
Member and Director at Active Executive Management, LLC
Director and Manager at Active Group Management, LLC
Manager and Director at Active Logistics, LLC
President and Director at Active Organics, Inc.
President and Director at Active Organics, Inc.
Manager and Director at Active Research Technololgies, LLC
Director and President at Apree, Inc.
Secretary and Director at E. Snowflake, Inc
Managing Member at Jamestown Investments, LLC
Secretary and Director at Wright In Texas Foundation
http://www.corporationwiki.com/Texas/Lewisville/actimuse-llc/104140554.aspx
No shortage of interest from direct selling companies.
Dozens are expected to join CVSL?
Looks like steady increases to revenue stream and investor interest.
PR's galore, 2013 should be a great year for CVSL!
D
CVSL, gaining momentum in the Ticker Buzz Cloud.
Eyes and mentions, expanding.
D
Likely system update lag time occurring, Monday morning should show availability of funds premarket open.
Unless, house or margin call on marginable seurity's previously purchased.
GLTU
You should be able to access those funds immediately.
Check your account balance available, it should reflect the transferred amount.
Funds, usually available immediately, if transfer cash into trading account.
3 days to clear if transferring money from trading account to personal account.
D
Big Board, yes!
Worth holding and waiting for, IMHO.
D
Can't keep a good trader down but nothin wrong with holding some core shares for the longer run.
I love the story that is unfolding!
Real company, real business with real OTC (penny) stock potential!
Where will the money flow, once 30,000 consultants/employees of Longaberger join the buying action of CVSL?
GLTA
D
CVSL, has been flying under the radar.
Won't be long before folks understand that this story is unfolding right before our eyes and we have early entry opportunities at sub financing prices (.33) and a ton of retail investor interest about to be unleashed.
30,000 Longaberger consultants/employees, will have the chance to become owners of the company which they work so hard for.
What happens with each new deal that comes on board? Support for this company's stock will grow leaps and bounds.
Ratcheting up, yes! I think this is just the beginning.
D
Piece by Piece.
CVSL, putting it all together in 2013!
- Public Company, set up of direct selling conglomerate
- Responsible Financing
- Knock out BOD
- Target $6 billion aggregate revenue
- Longaberger LOI, first in a line of deals in the pipeline = $100 mil revenue stream of targeted $6 billion.
- Development of long term, stable investor base by targeting consultants/employees with vested interest. Better than paid investor awareness program. I love this one!
From where I stand, it looks to be sustainable growth mode for at least $5.9 billion in additional revenue deals.
I'd agree a great start to the New Year!
IMHO
D
#1 on Breakout Boards.
Keep up the discussion and attention coming CVSL way!
D
$.33 short term target?