Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Still looking good....for Old Main, JSJ, GHS, Power Up, Rockwell, etc! Great returns for them but not for PLSB shareholders!
- SMH
It's no use China! All anyone has to do, if they know anything about the history of the TOXIC funds that PLSB "borrowed" money from, is read the filings! They're ignoring all that and truly believe (or are misrepresenting) that somehow a few new investors, now and then, buying $5K here and there of stock, is going to overcome the dilution that is already happening and coming down the pipeline. The worst thing PLSB (Yates) did was take TOXIC money to repay TCA and still continue to bleed red every month! Those two combinations can not be overlooked despite the nature of the products and the distribution! If he had gone after private money with less onerous terms, to pay off TCA, then we'd be looking at a different situation. The two dollar wh*r#s Yates borrowed money from could care less about PLSB, its product potential, its existing shareholders, or anything about the fundamentals of the business. They will drive this thing to par ($0.0001) so long as there's liquidity and they can make their 50-100% return every 6-9 months! These are the worst kind of "funds" along with TCA! Screw them all and it's unfortunate that PLSB took their "funding".
- SMH
Your quote;
"I think we have hit 1 BILLION by now. Was dead broke, 25,000 in cash, and was discounting account receivables because no cash flow. If you pay down debt and increase the OS number what have you gained? Accounting gimmick? What and where does the money come from for all this "record" distribution?"
If the dilution is "within reason" (i.e. No more than 25% annually for a micro cap) and it goes towards repayment of hard money (High interest) loans in order to free up cash flow then that makes sense. But if the dilution is excessive (i.e. 25-50% per QUARTER) and the company is still a negative cash flow operation and continues to take on more Convertible debt simply to plug the losses every month....that is the definition of a Death Spiral!!
- SMH
Because of the Notes that converted down at $0.001 and soon the NEW ones that will be converting below even that price!!
Everything above $0.001 is pure profits....for the Toxic Gang (Old Main, JSJ, GHS, Power Up, etc) of course!!
- SMH
Let's take guesses on the Issued and Outstanding as of today? Anyone know? Place your bets!
9/7/17
676,560,900 shares so far!
Anyone else want to post?
- SMH
So, the poster who claims I spam because I post "other" companies as a COMPARISON to PLSB is now asking me to name what other companies I invest in? Go figure!
I'm only here to point out the obvious. Only three scenarios under which I'd consider investing in PLSB:
1. CEO resigns and a new board and management take over with them putting up THEIR money in the company!
2. A complete restructuring of the company (and business) with a
100 to 1 RESERVE STOCK SPLIT (invest after the R/S and after it drops from the initial RS)!
3. A traditional equity, only, offering to clean up the Balance Sheet and payoff any toxic Convertible Notes!
There's only ONE company, in this space, that was able to pull this off and eventually get up listed to Nasdaq from the OTCQB! I won't mention it here for fear of being labeled a "scammer"!
- SMH
Depends on what you're definition of a "scammer" company is. It's no longer a company was my point! The downfall of that company was for the SAME reasons (i.e. Mistakes) that PLSB is committing now! It's a case study or history. Pick your choice
- SMH
What the hell are you talking about Spamming?!!!! My post has nothing to do with Spamming any other other company! It's called an industry peer analysis! You've posted that PLSB will be the next Monster! How's that any different?
- SMH
This reminds me of New Leaf which had a very good line of drinks, decent distribution in key markets, sales that peaked at around $3M/year and then they ran out of money and then started borrowing from Toxic funds like PLSB has and sadly it was all she wrote! Disgusting to see it repeated again with another brand that has potential!
- SMH
Your quote;
"IMO is etrf and cdel shorting here.."
Unbelievable the things that are said!! You really believe someone (anyone) would actually go through the trouble to "short" a stock trading at $0.0017??? Here's a fun exercise for you....Call ETrade and tell them you'd like to "short" an OTC "Sub" penny stock and ask them what their procedures are for allowing an account to do so. I'd love to hear their response!
- SMH
This reminds me of the AOL/Time Warner deal back in March 2000! Dejavu all over again! Top has been reached....
-JMHO
"A fool(s) and his money are soon parted..." 52 Week High $1,080/share! Wonder who were the "Top Tick" suckers who got played by "Amazon will conquer the world" - BS!
I NEVER "short" pennies and sometimes look for opportunities at the bottom without all the hype posted by the usual pumpers! I just call them as I see them and excessive TOXIC Notes are undeniable and the ultimate red flags.....even in penny (or in this case- sub penny land)!!!
- SMH
Your quote;
"Although this is a rare penny stock. This one actually has products and sales. Most do not.lol"
In that I agree 100%! Any run back up to a "penny" should be considered a blessing to sell if you've bought down here!
- SMH
Your quote;
"Makes zero difference in penny stocks. Zero."
On the contrary....it's THE reasons for why there are ALWAYS sooooo many "Zeros" in front of the share prices! $0.000000.....
- SMH
Your quote;
"Don't care who the ceo is."...
MISTAKE #1
"Death spiral is over..."
MISTAKE #2
One more MISTAKE and you'll have this showing up in your account:
"Holdings: PLSB
Shares Owned: xx,xxx,xxx
Closing Price: $0.0001
Value of Portfolio: $0.00000"
Snap shot of the future!
- SMH
Don't worry, there will most likely be at least another run up in this thing. To where? I have no idea...but there's too much noise here for it not to happen for a stock that is still under a Billion shares outstanding. This thing will have several pumps and dumps before it reaches 3-5 BILLION shares issued and outstanding and by then the stock will be trading in the $0.000s. But have fun while you can but remember this post. The problem for most is that every time this runs up, the pumpers will yell at the top of their lungs that this is going to be the next Snapple or Monster which of course it's NOT!!
All that will happen is more toxic loans will be sold for billions of shares to be diluted, hence the Death Spiral!
- SMH
Yes! If this company had the following it might be worth $0.15/share;
1. New CEO
2. Legitimate Board
3. Competent Management (CFO, COO, Vice President of Sales, etc)
4. Reverse Split the stock 100 to 1 and do a equity (retail only) raise of $3M at $0.15 - post split - to payoff the TCA debt, and STOP taking anymore Convertible (Death Spiral) Notes!
5. Generated $5M to $7M in annual revenues and breaking even on an EBITDA basis!
Only under those circumstances would You'd have a viable company with "only" 27 Million Shares total issued and outstanding (6.5M post split and an additional dilution of 20M in order to raise the $3M). That's how you get to $0.15/share
- SMH
Your quote;
"Was $1.40 with 70 million can we say massive dilution? Can we say Inept Management!!!!!"
Are you saying that this thing had a $98,000,000 market cap at one point?
Holy crap!!
- SMH
And a DRAMATIC slowdown or even HALT to the issuances of shares! They should try getting the funds to agreeing to some kind of leak out provisions (i.e. Only a certain % of average daily volume can be sold even after conversions)! The problem is THAT list of who's who of Toxic Lenders! One is bad enough but half a dozen!! Two dollar wh*r#s (toxic funds) wait for NO ONE! They'll hit ANY bid above their cost of conversion! And with multiple toxic funds...Geez!
- SMH
Looking GOOD!!!
For....
Old Main Street
GHS
Rockwell Capital
Power Up
LG Capital Funding
JSJ Investments
Keep the printing presses going!
- SMH
I posted other companies because a poster ASKED! I get all these messages that say "stop spamming"? So if I go onto Apple's message board and talk about Google that should also be considered spamming? Someone here ASKED what other OTC companies do I answered!
BTW- not all the companies I mentioned (won't mention again for fear of being labeled a "spammer") are on the NASDAQ! Some were OTCQB. As for getting on my case about "pps", etc, the question ASKED didn't mention parameters about price per shares. If what people want to see is sub penny companies and more dogs like PLSB then I'm sorry I can't help!
- SMH
LOL! You mean the officers of the company perhaps. But nonetheless you're right...
- SMH
FYI- Amazon buying Wholefoods is the equivalent of AOL/Time Warner circa March 2000! Same sh*t deal just different names and symbols. Watch history repeat itself when AMZN is cut in HALF from its "All time" high of $1,083. Sit back and enjoy....
- JMHO
Look at my response to someone stating that 630 Million Shares is "low" in comparison to another company...
"Re: DavidLeeRoth Post# 26373
Ok, I'll look into that one but generally I don't like anything that has more than a 1 Million shares OS for every $100K in revenues and with controllable losses. I'm thinking this one is in the same group as; $LTE^, $J$D^, $C€LH, $HI$P, $NB€\/, and $R€£D but ALL those have reasonable OS and floats in comparison to their revenues!
- JMHO"
Ok, I'll look into that one but generally I don't like anything that has more than a 1 Million shares OS for every $100K in revenues and with controllable losses. I'm thinking this one is in the same group as; $LTE^, $J$D^, $C€LH, $HI$P, $NB€\/, and $R€£D but ALL those have reasonable OS and floats in comparison to their revenues!
- JMHO
I'm not sure about "pennies" but a run up to $0.003- $0.005s is certainly doable before the next bombardment of conversions!
- JMHO
Don't worry about any of that since someone just posted that 630,000,000 SHARES issued and outstanding is..."tiny"! Not realizing of course that PLSB is diluting to the tune of about 100 MILLION shares,or more, per MONTH!
But then again, I'm guessing that the definition of "tiny" has changed like almost everything else these days (~ sarc)
- SMH
Quote;
"O/S 630m. Tiny for a 0018 stock."
Tiny? First thing one should ask is, "why so many shares for a company barely doing $2M/ a year in revenues?"
No,no, no....630,000,000 is just the beginning! This is going to over a BILLION SHARES issued and outstanding and by the looks of the Note Holders its more likely that this thing will hit 3-5 BILLION SHARES when its all said and done!!!
- SMH
Ironically, they'd make a ton if the shares didn't go down but they're nothing but two dollar wh#r*s that don't give a damn and will NEVER wait to sell their paper so long as it has a built in profit! Never! They're NOT investors and don't ever forget it!
- SMH
Correct....but the reverse applies as the stock goes LOWER- which is exactly what's been happening since Yates took on the first toxic Note!
- SMH
The ones already converted were at $0.001 but there are more coming due in September/October and beyond. Apparently there were Convertible notes sold sequentially to DIFFERENT toxic funds. That's usually the biggest red flag because the half decent (i.e. Least toxic) funds will NOT fund a company like Pulse if they're aware that there are other more toxic funds already holding paper. The fact that the usual suspects did so without blinking is very disconcerting for any current shareholder!
- SMH
Yes, they are! It would be bad enough if it were "just" Old Main, but then there's a whole host of other toxic lenders (GHS, Power Up, etc) and the 10Q confirmed most people's fears of the amount of dilution coming down the pipeline unfortunately.
- SMH
Things are looking good...For Old Main! At these levels they can hit the bid and still make 70% return on their six month paper! Not bad for six months worth of returns!
- SMH
The ONLY positive news that could come at this point is that the Convertible notes are going to be paying off the TCA loans at a set date (as well as any other high interest loans) and once that's done there will be NO MORE convertible notes issued!!!
With that said, this thing would still need to peak its head over $0.05/ share to keep the dilution to under 2 BILLION shares or so with all the Convertible Notes converting at once and at a fixed price! And then PLSB would still need funds to operate (i.e. The biggest problem from the Getgo hence why they're in this predicament in the first place)! No, this mountain is too high to climb. You'll get occasional pumps here and there but those will be for selling into and nothing more. Unfortunately.
- SMH
The current conversions are around the $0.001 range but by next month they'll be converting at $0.0005, and so forth. I've seen these types of dilutions before where conversions have taken place BELOW par ($0.0001)! As crazy as it sounds this happens too often. The REAL Red Flag is the fact that PLSB has sold multiple Convertible Notes to SEVERAL Toxic lenders almost sequentially!! Those $2/wh#r*s (Toxic Finds) NEVER "hold" shares! They trip over each other to dump what they've converted right away because they're afraid the other scumbags are doing the same!
- SMH
Your quote;
"sales cut in half,633M OS not bad but it was 249m few months ago........
how much debt left?"
I thought the OS was "only" 380M but you're probably right considering how many notes are coming due and are being converted at $0.001 (half its current price). Now you ALL know who's sitting on the offers above the $0.002s! It's a guaranteed 100% return for these two dollar whores better known as toxic "lenders"!
- SMH
Repaying debt with equity is not the issue here...repaying this level of high interest debt with TOXIC convertible debt at current prices can only mean 3-5 BILLIONS Shares have to be issued just repay the debt on the balance sheet (not to mention continued financing of losses from operations) and unless buying comes in to off set that many shares the stock will end up in the trips ($0.000) before it's all said and done! Again- a damn shame considering it's a real product(s) with actual customers.
- JMHO
Just reading pages 12 through 16 (of the 10Q) should scare the living daylights off of any investor!! Holy smokes! You're almost guaranteed that there will be BILLIONS of shares issued and outstanding with this sad puppy relatively soon! What a shame since they have really decent products and customers but that debt load being converted into equity down here is a real problem!
- JMHO
CANNOT fight massive dilution! Until that stops or is greatly reduced it's not that complicated to figure out the end results!
- JMHO
Has this company EVER made a profit?