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You may want to review how fully diluted EPS is calculated, (a function of weighted average shares outstanding for the full year.
Also you should read this: http://www.nysscpa.org/cpajournal/2004/804/perspectives/p6.htm
The above article brought up some things with employee base stock options and how they are shown on financial statements. You may be thinking in terms of the old accounting standards but they have since changed.
It goes into more detail about this sort of arrangement. Pay attention to this section:
"Although stock options clearly have some perceived value at the grant date, the exposure draft proposes measurement models that neither reflect the economic substance of every stock option transaction nor meet certain qualitative characteristics of accounting information under FASB Concept Statement 2, Qualitative Characteristics of Accounting Information. Specifically, the draft fails to demonstrate that the measurement models are representationally faithful and verifiable."
So the fact is that the shares should and will only be shown when the vested interest matures.
This is tomato vs tamato when it comes to employee stock compensation like this is, they can issue the rights or vested interest in shares that will be issued when the vested interest matures. This is just letting shareholders know that the vested interest has been issued to the appropriate persons and was approved by the board on the same day.
approximately yes.
They are going to vest in two different dates, meaning that the company does not have to pay/issue at those dates. Thus not actually issued. They can hand out the certificates but they will have a legend on them until such time. Thus not included in outstanding shares. Similar to the ones excluded in the s-1 statement.
So they approved it then handed out the certificates, so what?
They only issued the 1.55 million there in the restricted shares. Payable of 17% on december 31st 2013 and 83% on december 2015.
That is the exact thing I have been citing man.
Link to SEC filing please
By the time the other 83% of shares will actually be issued the earnings will be effected by approximately 30 cents per share. That equates to about $15 in the future for us.
see most recent reply
only 17% of those will be issued on december 31st and furthermore the last 83% will be issued at the end of 2015.
From the 8-k on the 5th:
"The Pursuant to the Restricted Stock agreements, forms of which are attached hereto as Exhibits 10.1 10.2, 10.3 and 10.4, seventeen percent (17%) of each individual grant shall vest on December 31, 2013, and the remaining 83% shall vest on December 31, 2015. The grants for all will vest immediately upon (i) a change of control, and are subject to, such executive and/or employees continued employment, and in the case of any director, such director’s continued service on the Board, and (ii) an employee, who has an entered into an employment agreement with the Company, serving the duration of the term of such employment agreement in accordance with its terms."
SO they will not be in full effect in the companies earnings because they will not currently reflect an economic impact of the companies financials until they are fully issued in 2015. Only 17% of those should be in effect.
(I made a typo in previous post.)
Yeah I know I added in 150l that will be issued
This is what I got:
As of the prospectus there are 8,271,577 shares that will probably be issued as of the latest s-1 statement. Assuming that all the 150k shares were sold.
At the end of 2013 the total will be 8,434,077 (8,271,577+[1,250,000*.13]) only 13% of the stock compensation will be issued in 2013 and the rest will be issued in 2015.
At the end of 2015 there will be 9,521,577 shares outstanding assuming there will be no more dilution and or stock issue.
However if you are doing a earnings multiple model then you should only focus on the P/E that will be calculated by the weighted average number of fully diluted shares outstanding over the year. That will be approximately 7.8 million shares outstanding for the denominator in the EPS calculation.
My guess is that we will have 3.5 million in earnings, this will mean we will have approximately 45 cents EPS. Using a PVGO multiple prediction model I am thinking when we uplist we will have a P/E ratio of 54. This means that the intrinsic value for the company for the quarter should be $24.30 per share. For Fiscal year 2013 we should have 7 million in earnings in all four quarters, thus EPS of 90 cents. That means by the time the 10-k comes out we should see a intrinsic value of the company per share at $48.6 per share.
Just my opinion of course. Looks to be a good year for MSLP longs.
I am looking at that on my phone. Can you download the data values into excel? It would be interesting to see how much am increase/decrease in Google searches compare to increase/decreases in revenue.
Totally fake. It would be stupid to sell now.
Looks like they hired someone to handle the social network marketing side of the business. This should be good. No more wild moments for sure. (Hopefully)
Maybe their webpages will look more like MSL*
They already have institutions invested in this company as well. Or do you not think that a vanguard mutual fund is an institution?
Don't they only need to stay above $4 dollars to get on Nasdaq or NYSE? Also they would have to only have 1 million in earnings and a 50 P/E multiple to be at that share price. Future twelve month earnings is easily going to be 7 million in earnings with a 50 P/E multiple that puts us at a $50 intrinsic value of the stock.
They are not bailing, frost is not going to unload. He is in until they flip the company in two years.
It allowed them to merge with two websites and get rid of some debt. Not too stupid.
Its was 1.2:1 and they did it with an increase in the A/S from 700million to 1.3 billion.
All of management has background in wrestling, besides LA of course. They are investing marketing capital into the industry they know to start with and get a client base. So far I do not have a problem with then competing with MP. There is plenty of market share to go around. However I do want them to expand into different sports. Which they are currently, most recent info from LA.
Hahahaha thankfully investors hub was not cited in the PRISM presentation.
Its possible but that would be some serious securities fraud.
There was no change in O/S according to OTC markets.com
There was no dilution but someone may have wanted to sell some shares acquired on the open market. Then it would have been $260k taken our of the company and thus the shareholders.
Anyone know where I can find the patent information? I would like to know more about the technology to be displayed in this pilot plant.
We have voting rights, why don't we vote someone in to replace him?
Market caps do not adjust on a daily basis on the OTC webpage. Also the Nevada sos still has them at 1.88 billion authorised.
I will still follow this company but I am out. I'll take the loss.
Of they would have not paid that and just done the press release it would have been better for the company and shareholders.
We will probably have a ton of form t at the end of today.
If there was no dump then why did we have a 10 million and 8 million trade blocks.
Yeah I just said he made a lot of people unhappy today. Also he had other better opportunities to get money.
I sent a message to bill.
I don't know if this is the normal pump. Check out the list just posted. This will be bigger than the intro into MMJ business.
Its not bills fault you bought too high...
They may have stopped before that statement. But they are diluting at a slower pace than expected. To me that is good.