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Good, let's get this over with
Well someone just got scared off. Lol.
I'd love to think profitable Q news will come, but hard to grasp that's likely when 8k just showed their cash flow is nil.
Only catalyst I'm considering is the OS max. At this pace tho, maxing OS seems to potentially line up exactly with RS. Hope I'm wrong.
How we gonna max this puppy out when no one is buying, relatively speaking, and especially not at the ask?? Somethings gotta give here soon.
Seriously tho, with a 1/100 R/S...does anyone really think people will buy shares being dumped? Volume has all but dried up already. No one wants more of this garbage.
Just a thought - If their AR management is not great or the balance has simply grown too big, officers may be buying the AR balance down to improve credit/likelihood they can qualify for a loan.
Break thru .0042, cmon u nasty dog
Not much true selling going on. Could finally be time to buy buy buy!!
Maybe this will complicate FINRA approving the RS, thereby creating a longer runway for this dog to finally creep back up the PPS ladder?
Who exactly wants shares? There's like $50k in value traded daily now. Garbage
Add R/S plus CFO oust = Grant Thornton case must have been a hugely unfavorable ruling for ICLD. Don't know how the share price could get much worse, but the news sure can. Never ends with this pit.
Call me crazy but any change is this regime is welcomed. We've all seen the bloodbath. Time for a change
Silver lining is salary cost savings. Hahahahha
Pay the Ask and this thing flies today. Need some buyers.
Would like to draw your attention to what will make our baby bounce on Monday - see page 316 and counting. We got our tax break!
http://www.wsj.com/public/resources/documents/GOPtaxproposal121517.pdf
Ba Ba Ba Bouie!!!!
Why do the RS at 100:1 at all?
So we've got up to 20 days to run like the wind?! Go go go
The ICLD phenomenon has totally confused me since summer 2017. So its no shocker I read today's PR and expect zero 10k Asks or Bids as "shares are maxed/dilution is over", yet thereceived they are still...painting the L2 tape as usual. It's all a crime.
I was wrong on the 3 mill, converted my proof gallons incorrectly. 1 mill for sure, more pennies on top. Still free cash. Go Rox go
Total windfall! I'm thinking more like +$3 million annually. Makes me wonder about the stock buyback now, maybe there is some truth to it. Have to imagine other companies are gonna plow tax savings into share buybacks, not that rox couldn't use the cash for other purposes, but still. Can't wait for monday!!
Someone's gonna have to slap the ask to get this train moving.
This FET savings is a coup for existing craft distilleries, and also breaks down the investment barrier needed to start a new operation.
If Jefferson's ships 50K cases annually while KAD falls under the craft description and the savings is passed on to us, that's $1M in additional cash for ROX. For doing nothing vs. today. Winner winner chicken dinner.
Wondering if this recent surge in share price has to do with the potential windfall of profits that could result on some of ROX's brands? I'm sure KAD falls under the "craft distillery" description (based on annual volume), possibly resulting in $20/cs of additional profits for Jefferson's if the Federal Excise Tax reduction is passed onto ROX.
http://money.cnn.com/2017/11/16/news/beer-wine-whiskey-tax/index.html
Sure feels like someone is buying large bundles on Friday (lately) and dumping them on Monday. Maybe someone's trying to time a buyout. Ridiculous I know, but just looks funky.
FUN, did IR confirm it was fake?
Constellation announced a share buyback program a year ago this month. Understanding there's a lot more influencing the stock price, STZ is up 40% since then. I don't think announcing the program has any downside...it would be great for us shareholders. FUN, this may mean they're expecting significant cash from shipments this quarter.
Everyone has to give it to management though, they're pretty creative in keeping this ship still sailing at this point.
I think it's safe to say the street is demanding positive quarterly EPS going forward.
FUN,
What would be interesting to know is how internally the leadership team, and all employees really are bonused...short and long term. The shipment-based revenue #'s (feeling they held back), overhead as a percentage of net sales or contribution (declined), profit margins (less cases and more value) could all be tied to such bonuses. While you'd expect such bonuses to reflect what the board or leaders say will drive share holder value, that may not be the case. For instance, revenue growth of 6% may exceed "budget" and deliver bonus...maybe there's no incentive to blow that out of the water. Just a thought for some of the misdirection with this Q.
FUN, I'm surprised to see you target $0.70-$0.80 PPS range.
I still feel the proper market cap is near $400 million. Even at today's share price, we're below half of that. Makes me sick typing it. I'm forced to continuing buying...lol
I am VERY satisfied FUN! Thanks for remembering my concern.
I thought the Q was positive, as always. I understand you were slightly disappointed with Revenues, but I'm feeling good today. I'm sure shipments, maybe even our production, was impacted by the Hurricanes in Q3. Roughly, I'd estimate the Hurricanes were worth a $250K-$500K Revenue hit.
With our growing presence in off-premise chain accounts, October should be a killer ship month.
New fill whiskey inventory is going to make our margins and profitability incrementally higher going forward...just keep buying juice ROX.
Really interested to see O/S count in the Q as well.
MO, but I think the share price is already reflective of the expectation that this Q won't be GAAP black because of the additional 5% purchase into KAD. So smart money already done their job.
Come March, none of this will matter. Back above $1.80 share price IMO.
The share price movement continues to move against logic considering brand growth. Boy I hope this ER wakes some people up. What else can we do but buy lower and drink more? Lol
Anyone got the O/S count? Gotta be getting close to that 800M mark
Anyone have the TA's O/S count?
Either way, ROX seems oversold and substantially undervalued again here in the $1.teens. Adding.
FUN, your were right. I corresponded with the TA today...was looking for confirmation on O/S count. No dice, she referred me to the latest filings. Interesting how TA's for some companies will give the share count daily, but others don't. Oh well. This contracting share price sure feels like dilution. Growth prospects haven't changed, only gotten better. I recall there being language in the 10K about convertible notes. Personally, I don't quite understand it. But it read something like notes will forcibly convert if stock price was going gangbusters for a period of time, which it did. Over time it won't matter much. But hate seeing red.
Outside of MMs themselves, who is actually buying this stock right now??