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I've given up with this, I'm just hoping for a buyout, end of!! Sorry!!!!!
With an outlook like that you must be a conspiracy theorist!
I can't refute the potential outcome that could occur under certain scenarios, but I can categorically state that IMO that scenario will not be the case and it's nothing but scaremongering in its finest form. Lets roll the dice and see where we are by EOY '15, never mind 3 years time. GLTUA @ ECIG
Absolutely, lol. I just don't see how this can be perceived as bad news. They are a holding company for Imperial Tobacco, they are distributors to 120 countries, how is that bad news. Of course unless they took that 33% stake in order to run us into the ground so that they could get some other ECIG/Vaping company to distribute their products instead, makes sense (not) GLTUA @ ECIG
What would you prefer, no $41m cash infusion to pay down existing toxic debt, maybe CH11 would suit you better? There will always be controlling entities in any company, why is that a problem here? Sorry I just don't understand the pessimism?
I'm not so well versed in these types of situations but even I can recognise game changing news. Lets all make some money! GLTUA @ ECIG
You're right, it isn't long term, 8 months is an ETERNITY in OTC world, glad we're on the same page
I guess this is why you aint selling your warrants for a few cents profit then
"This company will be sold in a few years... Think big companies will be willing to pay a premium for a lean company with worldwide distribution?"
I don't think it's gonna be a straight, bottom left top right chart, I'm sure MM's etc will want to still f'k with us on the way up but I do think we'll have a good run over the next few qtrs. JMO
I can't remember the last time I heard the following from one company!
1) Paying off all toxic debt
2) No R/S because CEO wants to protect investor value
3) CEO saying that he's not going to convert his preferreds because it would disrupt investor confidence
and add to that:-
4) Increasing revs
What's not to like ?
GLTUA @ VPOR
Not sure about that but I'd put money we could hit the 50EMA on the weekly (.0226) by EOY (and get rid of all of the remaining toxic debt ta boot) Bonus!! GLTUA @ VPOR
Wow, that's awesome news, add that to no R/S and payment of toxic debt to zero. Must be an OTC first, multi pennies coming JMO
Yep gotta keep an eye on every investment but long term I can't see how ECIG is going to drop the ball here with new management at the helm. They have a 3 year plan, that should plenty of time to assess if they are competent enough. Hope ya make a bundle
Agree 100%, a paradigm shift that cannot be denied, even the PM CEO thinks so GLTUA @ ECIG
I probably wouldn't even be here if it wasn't for all the fiasco of the last 9 months so I'm happy to be here now. I'm still a fraction underwater as I averaged down several times but I always said that I would re-assess everything at EOY '15 and today's PM CEO has me feeling much better about where the ECIG/Vaping revolution is heading. GLTUA @ ECIG
Yep, that was prompted by Maria Caruso Cabrera asking the PM CEO if this was a Kodak moment, obviously comparing the Kodak fiasco of dismissing digital as being a threat to their industry, thereby implying that Tobacco companies maybe weren't taking the ECIG/Vaping paradigm shift seriously. Looks like we're good to go GLTUA @ ECIG
Here ya go
Hong Kong, China, May 05, 2015 (Filing Services Canada via Comtex) - UMeWorld Completes UMFun In-school Assessment Program on 500 Grade 6 Students. Paves the Way for Large-Scale Deployment Hong Kong, China (FSCwire) - UMeWorld Limited (otcqb:UMEWF) is very pleased to announce the successful completion of an in-school assessment program with UMFun, the Companys cloud-based, adaptive learning and assessment platform, on five hundred Grade 6 students. This diagnostic assessment program is part of UMFuns in-school assessment solution. The diagnostic assessment provides a concept-level assessment and evaluation of a students learning progress. It identifies the students strengths, weaknesses, their proficiency in a given subject area and assists teachers in planning for appropriate pedagogy and targeted learning to more effectively address students learning needs. UMeWorld is preparing to ramp up the UMFun in-school assessment solution for large-scale deployment. The UMFun in-school assessment solution consists of three components: diagnostic, formative, and summative. Although the three are collectively referred to simply as assessment, they are distinctly different: 1. Diagnostic Assessment: Diagnostic assessment helps to identify students current knowledge of a subject, their skill sets and capabilities, and to clarify misconceptions before teaching takes place. Knowing students strengths and weaknesses can help teachers to better plan what to teach and how to teach it. 2. Formative Assessment: Formative assessment provides feedback and information throughout the teaching process. It measures student progress but can also assess an instructors effectiveness. The primary focus of formative assessment is to identify areas that may need improvement. 3. Summative Assessment: Summative assessment takes place after the learning has been completed and provides information and feedback on the effectiveness of the overall teaching and learning process. Successful completion of this in-school assessment program paves the way for UMFun to address an unmet educational need in China. The enormous (big) data generated by UMFun in-school assessment solution can be invaluable to education professionals at all levels. School administrators can compare student performance across classrooms or across school districts. Individual students performance can be tracked over their academic career. Test results for entire student populations can be compared over time. With test scores playing an increasing role in education, school districts can use formative or benchmark assessment results to predict performance on other tests. Ruby Hui, Executive Vice President commented, This is a very significant milestone for us in that real-time, online assessment is a critical component of the e-School Bag (1:1 eLearning) initiatives implemented by the Chinese Ministry of Education that aim to transform teaching and learning through the integration of technology in education. Delays in the creation of digital curriculum and digital content have been the biggest challenge to the e-School Bag initiatives. The UMFun in-school assessment solution has first to market advantage and the potential to become the preferred assessment solution provider and driver in e-School Bag initiatives. Assessment has played a major role in shaping Americas educational system for decades but, to date, such tools have not been available in China. Chinese education professionals are aware of the importance of establishing an effective assessment system. Working together with them, UMFun is positioned to play a major role in reshaping the Chinese educational system. The kindergarten-to-grade-12 (K-12) educational system in China is the largest in the world, comprising approximately 200 million students. UMeWorld is on track to becoming a leading educational service provider in China. About UMeWorld UMeWorld is an internet technology company with a focus on the K-12 education market in China. UMFun, the Companys K-12 flagship product, is a cloud based, patent-pending, adaptive learning & assessment platform that can intelligently analyze and adapt to a students performance and personalizes the delivery of proprietary educational items in accordance with the students learning needs. UMFuns off-school version is made available to Chinese K-12 students through China Mobile, the worlds largest mobile service provider by network scale and subscriber base, serving over 801 million customers. For more information, please contact: Ruby Hui Executive Vice President UMeWorld Limited E-mail: info@UMeWorld.com Telephone: (86) 020-89237947 To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/news_release_pdf/UMeWorldMay52015.pdf Source: UMeWorld Limited (otcqb:UMEWF) http://www.umeworld.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Copyright (C) 2015 Filing Services Canada Inc.
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http://www.marketwatch.com/story/umeworld-completes-umfun-in-school-assessment-program-on-500-grade-6-students-paves-the-way-for-large-scale-deployment-2015-05-05
Ok cheers, in any event whether its July or September for management, I'm hoping the only preferreds to be converted will be VGR's in December. That should give the pps room to breathe after final conv debt is eliminated. JMO
As I understand it 'A' preferreds cannot be converted into commons, it's stated in the 10k, they are only to be used to gain dividends (if issued) and voting rights.
LOL, I hear ya mate. In any event I'm here until the EOY no matter what happens so I'll either be celebrating making a few bucks or it'll be a tax write off. GLTUA @ UMEWF
I think that the only preferreds issued with this merger were 'A's, I can't see any 'B's detailed (maybe I'm looking in the wrong place?)
" (1)
Based on 1,000,000 shares of preferred stock issued and outstanding upon closing of the Merger.
(2)
Upon Closing of the Merger, Mr. Svorai will hold of record 1,000,000 shares of Series A Preferred Stock (representing a 100.0% of the issued and outstanding shares of preferred stock) per the terms and conditions of the Share Purchase Agreement. (See following “Item 5.01 Changes In Control Of Registrant”.) Each share of Series A Preferred Stock is convertible into 1,000 shares of common stock and has voting rights equivalent to 10,000 shares of common stock in any election of the shareholders for any purpose."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9724415
YWC can you please explain the July 29th date? From the latest 10k it states preferreds can only be issued 18 months from the issuance date which looks to be March 11th 2014, I'm obviously missing something?
"Series B Preferred Stock. On March 11, 2014, the Company designated 10,000,000 shares of the 15,000,000 authorized shares of preferred stock as Series B Preferred Stock. Each share of Series B Preferred Stock has a par value of $.001 per share and a stated value equal to $.001. The Holders of outstanding Series B Preferred Stock shall be entitled to participate in any dividends declared on the Corporation’s common stock .In addition to voting as a class as to all matters that require class voting under the Florida Business Corporation Act, the Holders of the Series B Preferred Stock shall vote on all matters with the holders of the Common Stock (and not as a separate class) on an eighteen hundred vote per share (1,800:1) basis. The Holders of the Series B Preferred Stock shall be entitled to receive all notices relating to voting as are required to be given to the holders of the Common Stock. The Series B Preferred Stock shall, with respect to rights on liquidation, rank equivalent to all classes of the common stock, $.001 par value per share (collectively, the "Common Stock" or "Common Shares"), of the Corporation. Shares of Series B Preferred Stock may not be redeemed by the Corporation. Each share of Series B Preferred Stock shall be convertible, without the payment of any additional consideration by the holder thereof and at the option of the holder thereof, at any time after the Series B Issue Date at the conversion ratio of one (1) share of Series B Preferred Stock for eighteen hundred (1,800) shares of Common Stock.
"(d) Any and all shares of Series B Preferred Stock shall be restricted from any conversion into shares of Common Stock by any holder thereof for a period of eighteen (18) months from the date of their issuance."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10598558
You're right, more blah blah blah, nothing on VATS, bummer!
Absolutely agree forethought would be needed and once pr'd the pps would probably decline, but the rub of the green would be that the drop would be in line with every other ticker diluting but without the multi toxic additional debt keeping the pps low for months/years at a time. The PPS would be allowed to trade 'normally' under company fundamentals once consolidation had occurred. JMO
I thought I'd read that the VGR preferred 'B' shares couldn't be converted until Dec 2015, surely the main company officers wouldn't be thinking of converting after today's news?
I might even hit again myself
What a great idea, no VWAP toxic crap and even normal conv debt with a fixed price gives +/- 12% promissary notes and warrants. I'm with you, just sell straight into the market and be transparent to investors as to why you're doing it.
Let's send this to every OTC CEO contemplating financing and put Asher, Magna et al out of business (just dreaming) JMO
Wow great news, the last of the old debt may not stop this hitting a penny if revs are good enough in next week's filing. JMO
I fully understand the idea behind the $41m loan and agree 100% with the extract you've provided but the specifics won't be released or the speculation of what is, and isn't, been done with the money won't be finished until Q2 filings, that's the point I was making. GLTUA @ ECIG
I agree, we'll see the full effect of the loan in Q2 filings and it should give us a better perspective of where we're headed. JMO
I always like to see both sides of the story, especially when it can contain a laugh or two. Love the last paragraph cuz I'm a 'gut' trader/investor who can read filings multi times and still don't have 'the nouce' to completely understand em and my gut says we are in a paradigm shift industry engaged with one of the leading protagonists GLTUA @ ECIG
As I understand it we won't see what the loan paid off until Q2 filing cuz the loan wasn't made until end of April. JMO
Yep IF we get VATS all bets are off, good luck to us both
Hey my chips are down already, I've made my play just waiting to see how far they're gonna take me GLTUA @ VPOR
I'm fed up of saying it but I guess we just have to be patient, what a crock, who am I kidding lol.!
I'm hoping for 60-600k buys not just 6k, lol. Guess that'll come when the news leaks out and people want in prior to multi bucks (and then I wake up)
With no toxic debt remaining and increased(ing) revs, I can't see how this won't see a run to at least the 50MA on the weekly (.0226) Do yourself a favour and tuck a few shares away down here for a potential 10 bagger, or aren't you interested in making money JMHO
Many thanks for that. GLTUA @ GNPT.
I haven't been around here very long but always look forward to your point of view, so glad you're now a Mod. Congrats!
I couldn't give a flying toss how much he gives himself as long as he makes me money!