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If they are really getting $6m in financing and only issuing 20m shares, that's the greatest deal I've ever seen. We really need more filings to come out to give us all some clarity.
Essentially these financiers will be 12% owners of a very promising company. I highly doubt Spectrum will be needing any financing beyond that $6m for years to come. As long as the insiders don't dump their shares right away, it looks like the float is going to remain the same. .30+ should be a breeze here IMO.
Who knows, maybe Spectrum will take investment money and buy shares off the open market to run the price up. That would be pretty amazing.
Based on the calculations, it really seems like they are putting a minimum value on Spectrum King LED at .30 per share. $6m in financing on 20,320,000 shares issued only works if the share price is at least .295-.30.
From the cap table, Spectrum is adding 166m shares to the already 58m shares outstanding. That would be a total of 224m shares for the new OS with the majority of these shares being held by insiders. At 224m shares and a pps of .30, you get a market cap of around $67m.
My guess is that they are anticipating PPS to blow past .30, because if it doesn't, I don't see how this is worth it for those investors fronting $6m for only 20m shares in return.
Hey question on the financing and capital raise. Spectrum is looking for capital raise between $500k-$1m. They are also looking for an equity line of $5m. So if you look at the cap table, you see financings listed with $6mm next to it. So that would make sense when you add the capital line figure to the equity line figure. What I'm having a hard time understanding is how can they get $6m in investments but are only issuing 20,320,000 shares? Because at current prices that would only be $264,160 worth of stock. Do they maybe get some special guaranteed exercise price of say .295-.30? Or maybe some sort of profit sharing? The financiers are going to account for 12% ownership of the company post merger. With anticipated revenue, getting 12% of the profits would be a hell of a deal.
Your thoughts?
I don't follow anyone. I scan for stocks and DD them to see if there's any value there.
I like to find plays on my own and block out the noise of everyone else.
I completely agree. This gem will be discovered sooner or later. Not a matter of if, it's a matter of when.
I'm pretty sure he developed Prolanta using the same concepts that he used to develop Somavert, which has turned into a success. Very, very promising.
The sheep will follow their Shepherds.
This is the least talked about play right now in the OTC. Once you get some groups and big players in here with huge followings, this will be the talk of the town.
Not worried if it loses 30% next week. Ill just add more shares for inevitable big run up that's ahead.
Imagine Steve Brents company Sequioa CBD merges with Spectrum King? Talk about a super monster.
Yep the same 'scam turd' being highlighted and mentioned along side pharmas that are worth more than $200 billion:
Looks so 'scammy'
Bwahahahaha
As more and more investors start to see what's going on here, this will continue to on an upward path. HUGE potential here. We are all very very lucky to be in this early.
Buy volume 882,834 vs 669,474 sell volume. That was far from a painted close. You might wanna check the tape LMFAO!!!
Complete and total bullshit!
Solid day considering it was a friday
Here's a little lesson on what the term 'fully diluted' means. And it's nothing to be scared of. Basically it just means that all of outstanding shares can only convert at a ratio of 1:1. Which is great! Who wants someone to be able to convert 1 share and have 2 or more shares enter the OS? That's a lot of time what happens when toxic financiers are converting, which absolutley destroys a stock.
All of the shares that we own are on a fully diluted basis btw.
Here's a nice little video for ya:
For anyone confused about that table from the discussion draft in the 8K, here is a link talking about members interests in an LLC:
http://info.legalzoom.com/limited-liability-company-shares-3661.html
Looks like Spectrum King LED had divided up its members interests into privately held shares totalling 4.1 billion. Obviously they could have moved all of their members interests into BANJ as issued shares for the merger, but that would require them to have to raise the AS to at least 4.2 billion to accommodate that. It would also kill the value of the company and discourage new incestors. So instead they are reducing the 4.1 billion members interest via a 25:1 split to bring down their total combined members interests to 166 million, which will likely turn into issued shares of BANJ after the merger. I'm guessing all the members will have preferred shares as that's what most public companies do for their board members and big accredited investors.
Once again issuing 166 million shares would not be possible without raising the AS. So they chose to raise it to 500 mil and also give themselves a little bit of wiggle room.
Huge slap!!!
I don't think they were highlighted because they are a fake scam merger... LMFAO
Yeah some of those pharmas are worth over $200 billion lol
Those are the five highlighted out of all the pharmas ITOR works with. I wonder why they are one of the highlighted... hmmm ??????
5 pharmas oops
Oncolix is a BIG deal. The partnership they have with ITOR is no joke. Look at the 6 pharmas listed in this link. Check out the one on the bottom ;)
Here:
http://www.itor-ghs.org/pharmaceutical-industry.php
That's some great advice!
Someone got impatient. We need the company to put out an update asap.
Because someone sold $530 worth of stock. LMAO
MM's can also see stop losses and intentionally take them out as well.
Sal was appointed as Director of Operations not too long ago. So what he says definitely has importance in regards to UHLN.
What makes this news any different than this?
http://m.marketwired.com/press-release/petrone-worldwide-announces-signing-strategic-agreement-undertake-direct-sales-distribution-otcqb-pfwi-2204979.htm
Nice close. Looking for a gap up tomorrow.
Unbelievable buying opportunity here.
Where are you seeing this?
Scoop up those dips! This one is going big time!
Is this a new acquisition or is it the Charlie Graingers one being rekindled?
About to test new highs here let's goooooo!!!
Gotta attack those dips. Dip and rip after lunch.
This stock has everything you could ever want. Unloading other positions to keep adding here.
So many amazing things soon to be happening around here. Feeling so blessed to be apart of this.
Time to buy some more shares!!!
This is correct.