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Financials + product info == let's break the 0,0625 !! : ))
Drio cancelled, not the distributor.
I understand the distributor was underperforming
I am no longer in the stock but this is laughable.
Profit for a small growth company isn't necessarily relevant, RVENUES, on the other hand, ARE. An increase of a whopping 16 grand from 51,000 to 67,000 for what ALLEGEDLY is a popular item sold on multiple continents in multiple countries, several of which ALLEGEDLY reimburse the thing is pretty pathetic.
Yes, so it looks like the distributors are not very good, hence Dario told them to go stuff themselves:
"On April 16, 2015, Ltd. sent a letter cancelling its Exclusive Distribution Agreement...with its current distributor in the United Kingdom...On April 20, 2015, the UK distributor alleged that Ltd. breached the Agreement by cancelling it with no legal right to do so. On April 30, 2015, Ltd. responded to the allegations by claiming that the UK distributor caused a material breach of the Agreement, and that the Agreement should be void due to misrepresentations made by the UK distributor concerning its marketing ability in the territory covered by the Agreement. Following Ltd.’s response, on May 6, 2015, the UK distributor informed Ltd. that he plans to take legal action to enforce his rights."
Then we see, blimey, that people expect some money for their work:
"On April 3, 2015, the Company’s Board of Directors approved a shares for salary program according to which the executive officers of the Company shall have the power and authority to ...issue shares of Common Stock to directors, officers and employees of the Company as consideration for a reduction in or waiver of cash salary or fees owed to such individuals.
Consequently, during April 2015, the Company issued a total of 400,093 shares of Common Stock to three of its Board of Directors members which are equal to the fair value of the cash accrual at the same date of issuance."
followed by some bla bla bla that was most likely unavoidable and legally required (a.k.a. if it's raining outside, the rain won't stop if you drop to the floor and hit the ground with your fists)
"On May 5, 2015...approved a certain warrants exercise and replacement agreement according to which the Company (i) will request the investors and the finder from the February 2015 Private Placement to exercise for cash, their outstanding 2,821,613 and 60,356 warrants, respectively, with an original exercise price of $0.24, by May 15, 2015 and (ii) upon such exercise, the Company will issue such investors or finder shares of Common Stock and additional warrants to purchase same amount of shares of Common Stock, for an exercise price of $0.24, having the same terms and conditions of the exercised warrants. Such transaction will be accounted as deemed dividend.
As of May 14, 2015, 1,651,362 of such warrants were exercised into 1,651,362 shares of Common Stock for a total consideration of $396."
Catch that? The February investors got to buy 1.6 million shares for TWENTY FOUR CENTS while the stock was trading up around FORTY cents! AND!! AND they got to collect warrants for the SAME amount of stock that they sold! So, in effect, they got a $640,000 (.40 x 1,600,000) FREE gift from current shareholders!
And a generic whine of all retail "investors" that tbe bad guys with more money get better conditions
How do I become a "private" investor or director? They seem to have all the fun!
I could not resist.
i know. let's see +50% on Monday and +50% on tuesday :)
let's hope it will be a good one !
Let's see some $$$$$ next week again !!! :D
Can't wait !!!
I will just average down you know..
:D :D :D
let's fill the gap already and see some new products!!
did i read right we have news within a week ??
Question: 37% fail rate of slides.
Did we not have some Hawaiian flight blast the slides recently, and open all of them?
Or did someone find some info that not all slides opened?
another "next few weeks" ?
What happened to the "we have 10 slides on the plane, we can test two days in a row " ??
I'm getting sick of this.
now, can someone explain to me the benefit the last facebook update had from the company, that stated we should not be calling them?
The price dropped 50% and i doubt their phones stopped ringing :)
Just like support and resistance levels are, and, do you question them as well?
The company will tell you the current O/S directly.
I strongly don't believe they would lie about it outright, as it would be very easy to prosecute them based on that.
I am confident in my long position.
so there was a lack of capacity, and hence it was discontinued?
strange logic to me.
great, thanks a lot!
so the numbers 150k profit was for the whole of 2014 then, not for the quarter
and is there any timegrame known for the major store?
also, batter blaster was discontinued? why ?
do you have a link for this info?
can't find any SEC filings for NGCG on the Web..
tx
okay, let's say the prod line is finished.. now i reckon we will also need a contract with a major store so that the cans can be sold in big amounts?
w/out the contract the line doesn't amount to much i think..
batter blaster - can someone explain what happened to batter blaster, and how is the current product different?
as far as i could read batter blaster was also pancakes in a can..
what am i missing ?
Hello Apostle,
can you elaborate on this position you did for a MM?
Were you given a budget to trade the securities on your whim or?
I might be interested in something like that.. shoot me a PM if you'll have a second
I was surprised to find out that the Dario Lounge on facebook seems to be stuck around 600 members for a long time.
the problem with the FDA approval is, noone knows, when it comes :)
my guess: December
ah, I think now I understood on second reading :)
prod line pushed till mid may; excuses on the meeting in june
do you have source on that mid-may info ?
the NYC meeting is in June though, or am i mistaken?
:)
can someone explain to me, how drio moved up 100% on air and keeps hanging in there?
soooo, 28th has come, now where is the production line?
ah, so they weren't building from scratch?
i got that idea from some investigation done here that pointed to an empty lot of land
sure it is the 27th.
If i were building a facility, I'd be documenting it, sharing pictures...
But maybe he's bulding anticipation on purpose
Now where's that news of the production faiclity being completed on 28th ?
Are you guys serious with all this calling and demanding information?
There are 8 hours in a work day, 1 hour of which is spent on lunch and at least 2 on socializing.
Now imagine hordes of people calling you every day asking "WHEN? WHEN? WHEN?"
How much work would you actually be able to do in those 5 hours, you think ?
BR.
was the fda application not filled way back in 2014?
we shall see when they release reports for Q4 2014 and Q1 2015.
i'm curious myself
yes they need money, no doubt about that. i have no doubts about their ability to raise more money.
I can't be bothered to go into a detailed argument about this so only briefly-
iHealth align while being a similar product is nowhere near dario in terms of usability and user friendliness.
their policy is also different (afaik), using low costs strips that customers buy themselves; instead of being reimbursed.
since dario strips are and i expect will continue to be reimbursed in the UK, US, etcetera markets, it's really 0$ for the patients.
i am stating US, ofcourse it's not in the US yet, so at this point it is only my assumption it will be reimbursed.
speaking for myself, if i had diabetes, choosing between i health's align and the dario, i would choose the dario in a heartbeat.
No doubts about it, but it will take more time than i cared to admit.
The FDA process took between 6 and 14 months for the existing "competition", or let's say more accurately, similar products.
The request for the 300ppl study was for me akin to a dagger in the back.
the progress is slow due to the existing vendors having a strong grip on the market.
at a certain point dario will prevail, i have zero doubt about this.
anyone not certain of the significance of the product i can point to the dario lounge on facebook to read the user reviews himself.
nupapa please do you have a link with this info? i want to see it with my very eyes
thanks
what are our nearest catalysts ?
What i really like about the upcoming Comic is the product placement strategy.
Having a young sibling I can witness her consummative behaviors and propensity to easy entertainment on the web.
Now, apply a niftily placed product in a material that she consumes for amusement, and you have just marketed when the defences are down.
Then what comes is called "pester power", widely available on google this term.
As a business concept, I LOVE this strategy.