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A REVERSE STOCK SPLIT would only work for PLSB (Co not shareholders) if they already had a pre-packaged financing deal with private investors. It would look something like this;
1. ALL remaining Notes would need to be paid OFF and not allowed to convert.
2. Some kind of settlement with TCA (very difficult but not impossible)!
3. At least a 100-200: 1 REVERSE STOCK SPLIT to bring the total OS to under 5-10 Million Shares. The stock would be priced at around $0.13- $0.20/ share and a "buyout" would occur at around $0.015/ share....Yes, a complete wipe out of existing shareholders but perhaps some kind of rights offering to existing Accredited investors could be offered. Nonetheless this thing would need to be brought back private and not contemplate going public again until it can achieve $15M is annual sales and at least be EBIDTA neutral!
- IMHO
This is the one part I agree with you:
"co don't do RS before maxing out on the OS, vs AS...."
The problem is that EVERY indicator points to (from their own 10Q filings) that PLSB will in fact have to issue shares numbering in the BILLIONS in order to accomplish three objectives:
1) Pay off hard money debt like TCA's (being sold in bits and pieces to Old Main but still totaling over $1.2M dollars)
2) Convert these (Convertible) loans they ALREADY have on the books to the sharks previously mentioned at length!
3) the MAIN reason they're in this predicament to begin with is to simply pay for operations including salaries and fixed over head- not to mention the expenses involved to being a fully reporting public company (est. at least $150K/ year)! And let's not even talk about all these so called "consultants" who are probably getting paid a mix of cash and stock but have brought absolutely NOTHING of value to date (i.e. See share price)!!
The #3 is the BIGGEST issue because there's NO path to becoming EBIDTA positive until they reach critical mass of selling at least 2 million cases a year! The problem is that they're going need to "spend" at least $5M-$7M more dollars just to get there! They've probably already burnt through $3-$4 million since its inception and they've fallen back to $1.5M a year in sales with a heavily indebted balance sheet!
If their brands are worth anything (down the line) which is yet to be determined because the two categories they're in is extremely saturated at the moment...the ONLY real shot they have is to get real "private" investors and to take it private. The new investors will most certainly install their own people including a NEW CEO! The problem for current shareholders is that it would feel more like a "take under" which would feel more like a pre-packaged bankruptcy in which case existing shares would be completely wiped out!
In the meantime this is simply a playing toy to trade it back and forth for $0.001s and perhaps $0.001s! If you're "lucky" you could get a pop to $0.01 but this will NEVER be a real contender in the beverage space without an IMMEDIATE restructuring of board, management and debt!!!
- SMH
Your quote;
"PLSB will be back in the pennies soon."
Yes it will...right after a 100:1 REVERSE STOCK SPLIT!!!
- SMH
It amazes me how people some think that just because an "OTC" trades over $0.10 or higher- it somehow is more risky than those trading in the $0.00s ($0.000s)! The thing that they don't realize is that those that are fully reporting (OTCQBs) you can at least track, within an 8K or 10Q, whether or not they've taken on TOXIC funds that is too much for them to handle (i.e. Multiple Notes from MULTIPLE "funds" within the same quarter or two) . I have seen more OTC companies, trading "below a penny", go to $0.0001 and then do a REVERSE STOCK SPLITS (the equivalent of owning something like PLSB at say a $1/share) than OTCQB companies keeping the dilution in check and eventually up listing. But when you do find one (out of a thousand) that does, you can mint a mini fortune.
Don't get me wrong- you can ALWAYS trade these stinky pinkies from $0.0011 to $0.0022 and "double your money" but the REAL trick is to recognize that these are Walking Dead Stocks (hence why they're trading down here) and be smart enough to SELL them into any kind of rally! To "buy and hold" these is the kiss of death of investing in these things!
- SMH
PLSB "could" have a $3M to $4M market cap IF (and only IF) their total OS only increased incrementally (i.e. No more than 1% - 3% per quarter)!!! If the "market" were convinced of that then PLSB should have NO problems getting up to $0.005 to $0.007 or maybe even higher! The reason that PLSB is trading at such a "low" valuation is because of the FEAR (and rightfully so) that PLSB's OS is going to climb into the BILLIONS due to upcoming conversions by the TOXIC FUNDS!!! It's that simple.
- SMH
PLSB is holding on to dear life here at $0.0011! It better bounce very soon or it could be curtains (trips)!
- SMH
Debt is not necessarily bad if it's within manageable amounts and with reasonable interest rates of course.
Convertible (Death Spiral) debt is the big red flag with small OTC companies. Unfortunately 99.9% of them rely on it so that's why most trade under a penny!
- IMHO
Watching this closely. I just read their latest 10Q and seems like a $3M/year revenue business (up significantly from last year) but unfortunately it's soon approaching 200 Million issued and outstanding! I'm also looking at the Convertible Note (VDF) on their books (seems to some kind of previous purchase and Note taken back). It seems a bit high for a company this size. It also looks like a lot of their Notes to "LPC" were converted back in June at slightly higher prices and repaid. As long as they don't revert to raising funds from the usual Toxic "funds" and stay away from issuing floor less Convertibles then this might be worth looking into more.
- IMHO
Your quote:
"Reversal coming soon!"
You mean REVERSE STOCK SPLIT coming soon!
- SMH
If you're in this for a quick trade and fully understand what the fundamentals (or lack thereof) are...then you should be fine. Have a tight and strict out if you're in this cause the worst thing is to get caught in quick sand and then watch this thing drop into the trips ($0.000s) and then you're stuck holding the bag as PLSB issues a BILLION shares or two!
Repeat: this either bounces from here into the $0.0022s or slightly higher or this breaks below $0.001! At that point I'd get out and not stick around. Risk $0.0001 to make a double? Yes, Not a bad trade IMHO!
- SMH
Your quote;
"in 2011 they incorporated with 35mils OS
by late 2016 they had 75mils OS
early 2017 95mils "
If I were you I wouldn't keep posting those figures cause they're scaring more people from this stock than anything else. The fact that the company took SIX years to increase its issued and outstanding from 35M to 95M yet some how have diluted the SH*T out of PLSB by issuing an additional 570 MILLION SHARES in just nine months- it would keep anyone serious away from PLSB! That kind of dilution spells nothing but disaster!
- SMH
Your quote;
"Also, who are the Yates "family vultures" that (I believe) Gumby referred to a while back? I was equating them to Geezer's senior preyers."
I'm referring to small little hedge funds (typically managing anywhere from $2M on the low end to as much as $30M or so of private investment money) that call themselves "Family Funds" or "Family Offices". They do this as to sound less intimidating than a "Hedge Fund". They approach companies like PLSB and promise management easy funds to take out "aged" debts (debts held at least six months), aged payables, as well other aged Notes. (Mis)management of companies like PLSB soon realize that without these TOXIC notes they can't pay their own salaries and "administrative expenses" so they grab what they can only to kick the can down the road. What they ("family funds") want is a quick buck by converting such aged debt into free trading shares at a 40-50% discount from the lowest trading bids of the previous 30 days (as long as the the debt is six months old and the company is fully reporting it still falls under Rule 144). These "funds" act like they're investors but they're not willing to take on any risks. Look at PLSB's last 10Q and you'll see the list that reads like a who's who of the underworld of TOXIC financing! Better yet, google their names and see the whole hosts of other companies they "fund" and they nearly ALL look like PLSB's chart! Maybe 1 in a thousand manage to get out of this funk but the biggest RED FLAG was this past summer when PLSB took MULTIPLE rounds from MULTIPLE TOXIC funds!! That might have been the straw that broke the camal's back!
I've said it before; PLSB "should" get a bounce soon but those TOXIC "family" funds could end up destroying any shareholders' equity and PLSB will be forced to do a REVERSE STOCK SPLIT once it reaches 3 BILLION SHARES issued and outstanding!!
- SMH
Your quote;
". How many people bought on this news and lost their ass?"
Don't know how many but certainly Hundreds of Millions of shares were SOLD to them by the usual TOXIC FUNDS!!
- SMH
The only "catalyst" I care about is whether PLSB is going to finally (but temporarily) "bounce" to the $0.0022s!! That's been my prediction and I'm being proven wrong, so far, on this dog....
- SMH
Your quote;
"It ran to 5's because of a misleading press release"
That seems to be coming apparent day by day as this thing is trading at or below where it started before that misleading Press Release! Usually these things hold above their previous lows before making another run but this dog has too many TOXIC fleas that's turning too many potential traders or investors off and who are not willing to tip their toes...even "down here"!
- SMH
PLSB looks like it "should" bounce yet it doesn't...Other than BMAK always loitering around at the low Offer- there doesn't seem to be much piling up on the OFFERS. Strange but interesting...as Mr Spock use to say.
- SMH
You mean Up2nuttin...
You better be right, otherwise my call of a "temporary" bottom ($0.0012) will be completely blown! Can't hang out down here too long or else people will actually start reading that "boring" stuff called the Financials and 10Q and 10K filings!!
- SMH
Every time you see BMAK on the Offer it reminds you of this scene!
There's only $418 worth of Bids at $0.0011!! This thing is hanging by a thread and needs rescuing ASAP!!
I wonder if they can put out a PR saying that PLSB has acquired Walmart? And then wait a couple days with a "Correction" clarifying that they really meant "acquired it as a new customer"! THAT should help it move back up to....$0.0024! (~sarc)
- SMH
They better hurry up and take out BMAK because he's a relentless SELLER at ANY price!!
- SMH
With the amount of dilution, per month, that's occurring with PLSB....it's going to take at least 50,000,000 shares of BUYING, in one trading session, just to lift this stock back to $0.002!
BTW- I was WRONG thinking that $0.0012 was going to Hold but Holding above the trips ($0.000s) is crucial for this thing if you're Long PLSB!!!
- SMH
The most hilarious claims here are that there is "retail" out there "SHORTING" an OTCQB company at $0.0011!!! Unreal! I'd like someone, ANYONE, to please post a Disclaimer or Procedure from one of any retail brokerage firms that gives STEP by STEP process for setting up a "retail" account that would allow someone (ANYONE) to "SHORT" an OTCQB at $0.0011! Please make sure you post; 1) Costs per trades, 2) Account Requirements (i.e. How much $$$$$ needs to be in the account), 3) Misc requirements, etc...
No folks, the ONLY people who would even consider "Shorting" PLSB down here is a trading desk working against an order(s) for a customer (i.e. BMAK on behalf of Old Main) in which shares have been promised to be delivered (i.e. The derivatives created from the Convertible Notes with NO FLOOR!)! If you're a trader (MM) at BMAK and Old Main keeps giving you orders to SELL shares EVERY DAY and you look at their deposits of shares plus the fact that they still have HUNDREDS OF MILLIONS of shares coming their way once further Notes are converted then you'll have NO FEAR sitting on the Offer and building a short position when your clients account is sold out of their long positions because you know this customer has a TON of PAPER (i.e. Shares) coming your way- at which point you're going buy his shares at LOWER and LOWER prices! Has ANYONE here ever worked at a trading desk with this type of institutional set up? Talk about telling others to "learn" the business! Geez
- SMH
I don't agree with most of your posts but the following quote I might consider somewhat valid though a bit rich;
"market capitalization
they run by multiples.. usually a company should have a healthy market cap of 5x - 10 x multiple of sales , factoring future growth "
- SMH
Your quote;
"Got my bid for 0010 in, should I
wait for trips?"
According to others, PLSB shouldn't even be down here so what difference does it make now? They claim it's so undervalued so why not and be brave!
- SMH
Your quote;
"they did incorporated with 35mils.. not quite super low.. for a 3mil rev on books .. "
Are you reading what you're posting? You state that 35 million shares is "not quite super low" when the company was generating $3,000,000 plus in revenues and ALL your recent posts talk about how 633,000,000 (yes, HUNDREDS of millions of shares heading quickly towards a BILLION) is "not that much" in the OTCQB world for a the same company about to do less than HALF that now? Talk about contradicting yourself -ALL in one sentence! Unbelievable!!
SMH
Why can't you simply address the ONE comment that a lot of people who are NOT "short" are addressing here? The FACT that the CEO and management of PLSB have made terrible mistakes (as in the past with Clearly Canadi*n) and that it's time for new leadership? Why do you have bring up old posts, or other companies that these posters have commented on in OTHER boards? Even if you were truly sincere (i.e. Your comment about "integrity" is still ringing) you would AT LEAST acknowledge that this current management has FAILED its shareholders with the decisions made over the past 18 months and THAT is what has caused the shares to drop to these levels! If this company were a private business and run by ones' own relatives one would still feel the SAME way about the mismanagement! By trying to shoot down the messenger you look even more desperate in defending this incompetent bunch...starting with B Yates!
- SMH
Your quote;
"and wipe out shareholder "value" , i use the word value loosely"
I hate to break the Current Events to you but at $0.0011 there is NO Shareholders' "value" left!!
- SMH
Your quote;
"will most likely be something like .."PULSE Beverage Acquires bankruptcy attorney""
LLLOOLLLL!! Now that's funny!
In the meantime PLSB has hit the "bottom"....No, for real this time! (~sarc)!
- SMH
Your quote;
"So you agree with me that Pulse should be trading higher...plsb"
Yes, see my previous posts about my thoughts that PLSB should be finding a "temporary" floor down here. I could be wrong of course if it falls through this $0.0012 level. But I also have stated that PLSB has too many TOXIC issues to overcome without a major restructuring that needs to happen NOW! Without that, any "bounce" should be sold into!
- SMH
Your quote;
"Pulse Beverage is very undervalued compared to Affinity beverage group...plsb"
As negative as I've been against PLSB, mainly due to mismanagement and taking money from every two dollar wh*re of "family funds" out there...you cannot be serious about that other crap company can you? Affin^#*? Seriously? Red flagged and with NO BUSINESS! I have to agree with others, I've disagreed with a lot on here, that at least PLSB DOES currently have a product(s) and business though it's being driven to the ground by an incompetent CEO & management! If that other company is trading at a $1.8M valuation with NO BUSINESS to speak of then Yes, PLSB should be considered "undervalued"!
- IMHO
Yes, it's as if someone is waiting for something or someone to go first. It'll either bounce up and fast or those Bids will get smoked to the $0.001 price you're waiting for! Not sure which way but something is going to happen...
- IMO
Your quote;
"Truth is....there isn't the buyers as advertised. Just more smoke and mirrors. PLSB"
Well if those Offers at these "cheap" (sic) levels don't get lifted very soon then those Bids will get smoked by you know who (BMAK)!!
Yikes.
- SMH
Anyone have the details of this Reverse Merger? I couldn't find it in their filings. I know they report as a Foreign Issuer but I didn't see any major details about the company being rolled into this. Nonetheless I'm staying clear until I see the details.
- JMHO
Only $6,600 worth of Bids at $0.0011, yet no one is willing to hit it...Hmmm that's strange. BMAK, the Bid Destroyer, on the Offer again. Hmmm....what could that mean? Interesting indeed! A temporary low? Or the damn about to burst? Hmmm...
- SMH
You might be right in that it's probably due for a bounce which makes it the more troublesome that it's still loitering around the lows for too long. In either case I've posted before that if it holds $0.0012 (it seems to be doing that) that a bounce back to the $0.0022-$0.0025 range shouldn't be a problem with some volume injection! Good enough for a quick trade but nothing more.
- IMO
Your quote;
"Anyone have an opinion on the choice to increase authorized instead of reverse split shares?"
Some here have been saying that it's better to bite the bullet NOW and do a total restructuring of the business which would include; 1) a REVERSE STOCK SPLIT (to bring the shares under 30M OS), 2) new management including NEW CEO with real independent board members, 3) new financing with private high net worth Accredited "individuals" instead of the "family" (vulture) funds, with a commitment to stay away from "floor less" type Convertible Notes! Why wait to destroy the what's left of shareholders' equity when they eventually issue BILLIONS of shares instead of dealing with it NOW and still have a chance to restructure the company properly? If you believe in their products and the potential of those products/brands then they should do the restructuring NOW instead driving this, literally, to the ground...what a shame!
- SMH
Your quote;
"What is the current OS now and the current float number? "
My guess is over 700,000,000 (yes, MILLIONS)! The problem will be when that "restricted" float comes to the market at the same time New Convertible Notes are sold at the same time previous Convertible Notes come due! Talk about a perfect storm for the trips ($0.000s)! The fact that this is only $0.0002s ticks away should be very concerning if you're long.
- SMH
Yes, funny indeed and very good points!!
Unfortunately what's not funny is seeing a company like PLSB go from 75 Million Shares OS at end of last year to 95 Million Shares OS at the beginning of this year to an estimated 700 MILLION SHARES issued and outstanding- "currently"! If that kind of dilution is what obviously caused this to go sub penny... what's going to happen when they reach their full
5 BILLION SHARES Authorized? Oh, and please don't think that it won't since it surpassed EVERY other authorized increase since inception!!
BTW- all this information was in black and white in their filings! Yes, we do know how to read the 10Qs and 10Ks!
- SMH
Funny......now who's violating the board's rules by posting other companies? But now that you've mentioned (post) it everyone will have a chance to compare and contrast! Thanks
- SMH
Your quote;
"question the O/S ? WHAT is it? share structure???????
but yes is a no brainer... can't find any other otc ticker with below 1 mil OS and 800k in sales by mid year reporting"
You mean under 1 "BILLION" shares OS right?
As for "other" OTC companies generating $800K in sales "by mid year reporting"??? Oh there are plenty of them and with a much better share structure but we don't talk about them here!
- SMH