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Or experience developing/launching an FDA-approved medical device (assuming PKG is in fact being acquired to develop the Omentum device and not simply a R/M situation).
But someone with M/A experience is desperately needed. IR as well.
Fingers crossed for outside hire.
I believe you are misinterpreting his sentence structure (which is not very clear, I'll admit)...
I think 'today' is just referencing when he was going to call, not when he thought Cerebain supposedly hired Hall & Company.
He should've said
Placing a call today to the firm you "supposedly" hired.
Stone Blue continues to follow leads and the saga continues...
https://twitter.com/topspin44sbruce/status/1394316546785304580?s=21
Extremely underwhelming to say the very least.
Certainly hope they put out a follow-up PR prior to trading resumption. Even if it returns to subs, I'd be hesitant to buy more without some concrete guidance. If this is all they can muster, I'll let the freebies ride.
GLTA
Stone Blue went to EMA today for some answers (they are NOT happy apparently). Link below in case anyone wants to follow along. I expect he’ll be posting more.
https://twitter.com/topspin44sbruce/status/1393271442612101122?s=21
Whomever received those shares at PKG has got to be pissed about this... I'm sure Eric is getting sh*t from every angle.
Worst case scenario, at least many of us are riding free shares by now. PKG is already under water with their shares at a .07 cost basis, and could be WAYYY under if Eric doesn't get his sh*t together fast.
Best case scenario, acquisition still plays out. Even if Cerebain has a decent explanation and future game plan, it will take time to recover from the greys...but IMO PKG/CBBT shareholders can still do very well eventually. Might actually give some folks an opportunity to buy some reallll cheapies.
If I'm satisfied with whatever statement Cerebain makes, I'll be waiting to scoop up some sub-pennies if the opportunity presents itself. If not, I'll ride my freebies and see what happens.
GLTA - Have a nice weekend
Nice - I know of at least one other as I'm also in DS*CR.
It's shaping up to be a very interesting May, to say the least. GLTY
The stock may have some room to run and be at a mouth-watering entry point.
I agree.
I never meant to suggest in any way that the actual purchase price of PKG was $20M. I was merely using that figure to rationalize a price target based on the value PKG brings to Cerebain.
The fact that PKG has accepted an $8M deal tells us a lot IMO. Based on the past PKG revenue figures, the $20M valuation that IR originally stated sounded reasonable to me. Unless some major issues were uncovered during negotiation that would lower that figure significantly, it does appear that PKG has taken on the risk of accepting more shares at a lower price point.
And, as you point out, they know A LOT more than we do. Right now looks like a win for Cerebain (and shareholders) and I'm sure a win for PKG in good time.
On paper, sure. Though I would argue one should also include the unpaid liabilities in that purchase price as well since they will become Cerebain's liabilities.
I believe you're saying exactly what I've laid out...if the past published revenue values of PKG are correct, there is no way they would agree to be acquired for such a small amount. The transfer share count and transfer share price was agreed upon assuming PKG's intrinsic value will (eventually) raise the share price to a fair value of .40+
I believe you've calculated the price appreciation (beyond .07) required to hit the target .363 + .07 = .433
My post may have been more clear if I had instead said:
$20M - Liabilities = Target
Total liabilities are $5.52M
So target price is $20M - 5.52M = $14.48M
$14.48M divided by 33.47M shares = .433
.433 price target by my calculations
IR has always said this was a $20M transaction. I'm sure that figure changed a bit through negotiations, but let's assume it's in that ballpark.
$3.91M of liabilities to be paid off by Cerebain
$1.61M of liabilities to remain on the books
$2.34M worth of shares (33.47M shares @ .07)
This leaves approximately $20M - ($2.34M + $3.91 + $1.61) = $12.14M
33.47M shares @ .433 brings the grand total to $20M
PKG must know they bring enough value to Cerebain to appreciate the stock to .433 at minimum.
Definitely a Friday fire sale in the OTC. I picked up some deals on other tickers this morning.
Probably is (or was)... Seems to think SM is some sort of trading guru. Wouldn't be surprised if he bought back in after Steve predicted it would go to $1.
$CBBT opened at .22 on 1/27. I'd be pissed too if I sold out in the .01's only to rebuy in the .20s or teens. But only has himself to blame for listening to SM.
Isn't he the reason you sold out in the .01's back in October and missed out on the run?
Seems like you might've done a bit better off not listening to him...LOL
Not to mention the steady increase into the mid-teens before the spike to .40's
He was about as wrong as one could've possibly been. Sour grapes.
Perhaps...although, with the low volume, MM's will be in control. Haven't seen ALPS for a few days, though I've rarely been logged on with all the nice weather lately.
I'll keep my .028 bid open just in case, all free money at this point anyway! GLTY
LOL. A Reddit post from 2 months ago? Merits no response.
That date sounds like it lines up with when that ‘Oracle’ user was spamming Twitter and StockTwits.
Like a hole in the head.
Unless you're making good on your beer promise...in that case, I'll take a six pack of Toppling Goliath's Pseudo Sue!
Steve - Where are all the beers you owe us???
LMAO
LOL, I've made plenty of money here already and still have many shares left.
You are the one who has lost money - perhaps it is you should get a book. Seems like all you're capable of is regurgitating the same old FUD and working the CAPS lock key.
GLTY, you need it apparently
Yet you still purchased shares?
Seems pretty hypocritical.
Already at #11 on Breakout Boards, barely 9AM.
Thankful for every share of $RXMD I've accumulated over the past few years.
For sure, no worries.
Looking forward to seeing what else they have been planning.
I know, I know...
What I meant was that the PKG acquisition was just the beginning of the plans being laid!
When it’s done, it’s begun!
Similarly, I think mid-.20’s to .30 on PKG acquisition alone. Maybe a bit more once current (assuming filings drop post-acquisition), since several brokers currently restrict buying.
Since PKG acquisition is taking longer than expected, I’m hoping they’ve made progress in parallel on the other deals in the works. A nice PR blitz could take PPS from .20’s to dollarland sustainably.
LOL, feel sorry for any n00bie that was scared out of their shares by SM.
Steve Miller Wednesday, 09/09/20 06:42:28 PM
Re: None
Post # 17422 of 27856
This stock won't hit penny land. It tried April 1st two years ago and it tried again now but didn't. But it's a fun ride up knowing it will just come back down.
I'm sure some are, hope it comes through for you soon!
Some food for thought...
If one invested the first $1200 stimulus check back in April 2020, they'd be sitting on nearly $200k right now. If they sold completely out at .40, they would've netted $1.2M!
Maybe ALPS sticks around long enough for Judy to get her stimulus check!
Seems like they sign off mid-afternoon most days.
He already admitted to losing money, just pouting now lol
Blah, blah, blah
Broken record
Shareholders up over 2000% since LOI released
LOL. A chart proves nothing other than the price people are willing to pay for a share.
But if you insist on using that argument...
LOOK at the MONTHLY CHART. BIGGER FACT.
Shareholders are up over 2000% since LOI announcement!
Perspective is a funny thing.
WOW, using CAPS & bold is SOOOO funnnn! You should try colors next!
As usual, no facts posted.
Can't claim scam simply because you bought in high and the price has fallen since.
Delays are very common. Many acquisitions take a year or more to finalize.