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Is that you BMAK? Didn't like the way the day turned out?
Not uncommon for a company to right size the workforce before a merger. Better for current management to do it than new.
Patience people, remember the lawyers are involved now with contracts. When was the last time you had a lawyer accept anything the first time or do it quickly? They do get paid by the hour you know.
Patience will pay off.
As far as dilution, I don't get that excuse time after time after time. Just because shares are being sold does not mean it's dilution.
Not a last minute cancellation, the seller backed out with GDSI suing and winning.
That will be his next press release, "we have reached an exclusive agreement with X hotel brand in china to put on cigar rolling seminars"
Funny, i picked that same quote but my post crashed. He is not a brand, they don't want or need him there. I keep trying to tell these people the large brands already have distribution in China. Frank is one man, how is he going to represent anything without a sales force?
I know he is a hobby smoker and is trying to parlay that into his internet business but last time I looked you could not buy anything.
damn, actually got my 9's filled, didn't expect that so soon
If you're looking for a single tick flipper I get it. If you think SANP is going to run to the copper land it will never happen. As Slo keeps pointing out this is CAGR all over again and Frank wants you all to think he is this big importer in China where he will end up with a small chitty retail business or internet business in this case.
I guess they must have missed this one then.
http://mugshots.com/US-Counties/Florida/Glades-County-FL/Frank-Yglesias.4074660.html
Take a look at california grapes, same story started out as a big importer then turned into one store that could't stay in business. Same story about training and seminars and hotels ... I would bet that in the end this is nothing more than an internet business in a congested market selling limited brands.
That is correct and Frank is not an importer he runs a website. If stock holders knew anything about the cigar industry and players they would realize what SANP represents
Ouch that hurts, I'll do some dd on that but if it's true I'm probably out tomorrow, take my profits and run. Can't build vehicles without people
Yeah and board chatter is down. A lot of the pro GDSI guys are gone, wonder if they cashed out.
Go look at CAGR and your cup would be half empty.
You missed my past posts, the market there is Cuban and China domestic. Frank doesn't and cannot sell Cubans in China. Habanos SA wouldn't allow it, they have distribution of their own already there.
That's the stupidity, he's promoting stuff he doesn't sell. Frankly I don't think he sells anything, last I looked couldn't even find a working website
So he's in China mentioning and smoking a cigar that he doesn't sell that's pure genius. Last thing he should be mentioning is Cuban cigars.
unfortunately they will have to, maybe more than the current 650M AS. I believe I read Rontan guys will get a bunch as payment and i'm sure the hedge fund guys get a ton.
Agreed, if it happens and that's why we're all here. If not, dumping will be massive.
Good point, i don't even know what day it is.
I'm sitting in at 12 and will hold until the 4's hit then I"m out. I will say though that all the posters that were for the stock are gone, what does that tell you?
GLTA
I don't know if deal is dead or not but there is no buying pressure. Anyone with volume needs to sell into the large bids when they come up. Not sure if we hit 4's today but by the end of the week I'm afraid.
Yes it is and decent volume so far
Can you share that info, I can't find it. in fact I looked at the annual report from Oct 20 and didn't see a sales section at all.
With no sales it's overvalued any price
If they were able to clear the debt, current sales and contracts could support that market cap let alone what Rontan will do.
Wish I had the powder, would slap those 65's and surprised nobody has.
i didn't even finish typing and somebody wacked it good.
somebody is hell bent on keeping this down with those low volume wacks. Looks like peeps are holding strong and not selling into those BS dips.
Too many short term traders, they want .006 to $1 in a week.
I'll ask this one more time, what was fake about the 2013 merger deal? Because it didn't happen it was fake? The court case was fake? The money Airtronic had to pay GDSI was fake?
Stop making false claims and please explain how you know how much debt Rontan has.
What do you want a press release to say we are working on it? You pinkie guys are all about worthless press releases. If you look at why Airtronic did not happen you will see it has nothing to do with GDSI and they were awarded a payout by the courts.
It is a shame and strong hands still holding. I hold ISIS in higher regard than wall street.
The dips I saw were BS low volume attempts at scare tactics and did not work. Too many strong hands waiting for the big payday.
sell orders stacked up at 4, one tick flippers looking to cash out as are those unfortunate enough to buy at 4. SANP has no sales and is worthless as it stands today. Knowing Frank, it will stay that way.
Something I picked up in a DD report I just read.
"The stock that GDSI will issue in this acquisition is valued at $1.00 per share in the deal."
Only question now is how the stock structure will change, if at all.
You are in the pump can't deal with a real company where mergers take time. Sorry no press release every week to keep the pump going just honest news that comes when it's due.
Move on and find your usual 2 banger on bs news and no sales.
They are all stuck in pinkie land with constant BS press releases and immediate gratification.
That just says they borrowed 50 grand and payment is guaranteed by receipts from business operations.
I don't know why all the doomsday replies it's not that big of a deal. They probably needed the money to finance legal fees for the merger.
I hope those selling the larger blocks in the 6's don't think they'll buy back in the 5's tomorrow. You will not get that many shares even if it does drop. Save for the payday not the nickel and dime flips on a couple ticks.
What news would that be?
Somebody didn't get what they wanted today. Only way in is on the way up.