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from my calculations, only about $85,000 left Armani
Would like that. Just needs a little news.
yes, very nice accumulation on GEQU
cool, thanks
what time is cc?
GMCR going to gap down further tomorrow?
sounds good, might add another 50 mil or so myself
Nice close
DIRV hit .019 today. Called this around .0022 6 weeks ago!
GEQU, .002's hitting
jb, you like calls or puts with GMCR?
Got a starter of BRWC.
reloaded NWAV
Added another 10 grand.
From my DD only about $155,000 is left of convertibles and will be completely done by June 30.
jb, lnkd short squeeze tomorrow?
Convertibles are done by the end of May, correct?
270 calls?
do you like LNKD calls?
Loaded more GEQU.
Picked up a starter of BRWC. All convertibles should be paid off by the end of next month. Should be a really nice play within the next month.
Boreal Water Collection Is in Process of Completing Retirement of All Convertible Notes From Its Balance Sheet
Program Strengthens Company's Balance Sheet, Represents Major Step Under Re-Capitalization Plan; 1st Quarter Results: Sales Up 18%, Debts Down 18%
KIAMESHA LAKE, NY -- (Marketwired) -- 04/29/15 -- Boreal Water Collection, Inc. (OTC PINK: BRWC), a high end private label bottled water company from NY, announced today that it is in the process of retiring all of its outstanding convertible notes held by various financing companies.
"Our goal is to become a fully sustainable free cash flow business by the end of 2015," said Francine Lavoie, chief executive officer. "Retiring of all the convertible debt will help reduce uncertainty in our equity structure and represents a major step in our plan to re-capitalize Boreal Water and strengthen its balance sheet. We are anxious to complete this program and to continue our focus on growing our business, and adding value for our shareholders. All of the debt conversions have resulted in a significant reduction in the Company's debt in our 1st quarter of $585,000. We believe that by the end of the 2nd quarter, we will have reduced our debt burden in convertible notes by 100% and will have reduced our debt by $800,000. As a result of the Company's growth, going forward we believe that we can cease the use of convertible debt financing to fund our operations and expansion.
"A significant amount of the company's operating loss and dilution to shareholders was attributable to these convertible note instruments. While such debt served a purpose during a time when we were investing in creating revenues and developing new products, we are happy to be moving ahead without this type of debt instrument.
"We have no intention to issue any more convertible notes. Since October 2014, we have not entered into any new convertible promissory note agreements. In fact, almost daily, we are turning down offers of additional financing. The fact is, going forward we can no longer justify to ourselves or our shareholders the cost of this type of financing. We are not pleased at our stock price, but unfortunately we have little to no control over the share price and the market."
About Boreal Water Collection, Inc.
Boreal Water Collection is a personalized bottler of a full and diverse line of various types of water including:
Functional Enhanced Water
Infused Water
Carbonated Water
Vitamins Enhanced Water
Flavored Still or Sparkling
Minerals Enhanced Water
Oxygenated Water
Alkaline Water
Electrolyte Water
Distilled Water
Caffeinated Water
Natural Spring Water
Boreal provides premium custom bottled water for its clients and customers, whether it is for publicity, promotion, marketing, internal use or a specific event. The Company also offers fully integrated turnkey service, with prize-winning Boreal private label water, made-to-order labeling, along with distinctive water containers. Current and past customers include Ritz Carlton, Tommy Hilfiger, Saks Fifth Ave, Infiniti, Guess, LaCosta, Porsche, Re/Max, BMW Balance Water, Wa-taah Water, Fred Water, Dean & DeLuca, the Quin Hotel, WestHouse New York, the Surrey New York City, Bouchon Bakery, Princeton University and 3M.
Your brand, our experience!
For more information on Boreal Water Collection, please contact us by email us at investors@borealwater.com or sales@borealwater.com, or visit www.borealwater.com and follow us on the different social media sites such as www.facebook.com/borealwaternews, www.twitter.com/borealwaternews and www.linkedin.com/in/borealwater.
Safe Harbor for Forward-Looking Statements:
This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
Contact Information
Boreal Water Collection
Email Contact
www.borealwater.com
Source: Boreal Water Collection Inc.
think that will pump it?
Reloading GEQU.
You're welcome.
yep, i would rather have someone dump on the bid than stack the ask
Great estimate on the float. People that listened to you and bought VIZC at .0002 got a 5-bagger! Sweet!
They should raise the a/s to 100 billion. Might go to a cent.
now someone stacks the ask
BRNW, huge ask hits!
You're welcome
Great call on VIZC, Hifi!
yes, BRNW moves quickly
yes, maybe .003's are coming for BRNW
BRNW, big hits!
Nice accumulation on BRNW.
Hello Melvin. Nice to have you here. Could we please become current on otcmarkets? Thank you.
Thank you, Hifi!
DIRV, .0067! Called this at .002 a few weeks ago.
ADCF, Boom, .004's up! Entry was called at .002.
sure is, John