small cap value plays,promotion plays and temporary market imbalances
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I've periodically kept in touch over the phone. All I can say is they say they are still working to try and improve matters.
They are obviously in a bad spot with the stock price/volume and support- I think Kevin, TCA & others have reasons to get this to a better spot and all work together but we shall see.
I think they need to extend the olive branch to shareholders- they cant get this moving without shareholders willing to come back after being burnt previously.
I think this can still see another nice big move if done right- right now it looks hopeless- but there looks like too much money at stake to just walk away
One silver lining under the bleak circumstances are that the loan with TCA Master Global, being recent and likely still carrying a full balance there is what I think is should be some good motivation for them and others with equity stake to bring volume and excitement back into the deal.
If you read some of these excerpts below- This doesn't sound like the makings of a couple here and there sales of Psoria Shield like we are seeing.
It is anticipated that by Q1 2016, Psoria-Shield, Inc. will have secured exclusive representation in all primary and secondary US markets through tenured dermatology sales representatives. PSI’s present focus is to establish a strong foundation consisting of Key Opinion Leaders (KOLs) to represent the Psoria-Light® in their respective regions, which will form an identifiable brand image for the company and its flagship product.
Sales channels are also being established internationally within Canada, Mexico, Latin America, Asia, Europe, and Africa. By December 2015, PSI will have seasoned executives active in the Latin American, Canadian, and Asian dermatology markets. In Q2 2016, PSI will also engage seasoned executives for the European, Middle Eastern, and African markets. International distribution will consist of large, buy-sell Distributors who pay in advance and handle all Regulatory, Customer Service, Inventory, and Local Marketing.
3/3/2015
Since the creation of its Joint Venture (J V) with The Medical Alliance in January, Psoria-Shield has made great progress in its efforts to manufacture, market and commercialize the Psoria-Light. Psoria-Shield is on track to begin revenue generation in the second quarter of 2015 and achieve second year revenues of $10M+ with a return of $2M EBITA.
Same kind of situation ..in a way.. Stealth Mark/Psoria
Both products have very large scale application but the demand for both have been low.
3/31/2016 Six months ended
Stealthmark
Product Sales 10,000
Consulting 15,000
________________________
25,000
Gross Profit 24,092 ( Great Margins until the next column)
167,810 (Total Operating Expenses)
Losses 143,718
So the question how big is the potential if in 6 months there are only 10k in sales and another 15k in consulting ?
That's probably why we haven't heard all that much about Stealthmark
I didn't see this post- when I posted my recent one in reply to you.
The demand is the demand as shown by the number of sales and unless there is a manufacturing issue of some kind or exclusive deal we don't know about where 500 machines are being sold to 1 distributor or etc. etc. all that's clear is 2 sales is the evidence in the demand argument- so all the evidence suggest demand is low
Thanks- so you called hundreds of dermatologist just for investment purposes? When did you call them- recently? 1-2 years ago?
I would like to add that I really hope WCUI does well- I've been here for a long while.. ( in the micro-caps each month feels like 1 year on a large cap.. in that time conversion I've been here for at least 25++++ years)
The demand of the psoria shield and the estimates of 10 million from the company are not currently being met.
2 psoria shield devices last quarter- so in your opinion or in your research why are the numbers so far apart from the company's initial forecast/estimate ?
Can I ask what have you seen/heard that gives you that impression ?
One area where some additional communications would be on the sales of psoria shield.
Initial estimates/forecast where for 10 million in annual sales and lots of demand including the possibility for distributors internationally- and then 2 sales were posted in the last Q.
Why such a contrast to the initial forecast is what I would like some additional information on.
ShoeGlue- Here is a lot to chew on- maybe you can offer some feedback on the numbers of this deal. not the instagram links but rather the numbers part of it- I support efforts of management improving the position of retail shareholders- I truly hope they manage to do that.
12/31/2015 Year Ending
Assets 10,871,270
Liabilities 24,469,432
Total Revenue 9,869,806
Income Loss 1,682,011
So the biggest thing is how they manage to service the debt when they are currently operating in the red?- According to the 10k
they would need some 200 Billion shares in dilution at todays prices to service the current debts on the books and they expect clothing/apparel sales to increase.. what? like 15-20%? So you can share links of instagram but will they be able to go from operating significantly in the red to operating in the black and if they do would that stop dilution is the question. Has management been successful in managing dilution impact to shareholders in the past?
The largest issue I have and the reason I post is the quality and quanity of the communications. often times communications that were put out either had no future follow up or they simply didn't/don't pan out- I think shareholders deserve more accurate and more consistent communications.
Greenshift, Bitzio & Pervasip have all put out communications like they intend to eliminate debt, or do away with convertible debt overhang- these companies share a majority shareholder.
For example Pervasip lets take a look at just a few excerpts of their communications- I can call into question several more for the combined companies
1.) (Regarding Debt) 99% of the starting balance, is expected to be eliminated or converted into restricted equity before year end (2015) It wasn't-
2.) our share structure and outstanding shares will need to be addressed if we are to achieve our ultimate plan of up-listing We intend to submit a petition to do so after completing our restructuring and acquisition plans and achieving targeted valuation and listing goals – and we hope to be in a position to do so in the latter half of 2016. (Up-listing? Currently the stock isn't even trading and its illiquid with basically no operations)
3.) the Plaid Canary Corporation and Grow Big Supply LLC acquisition – a transaction expected to bring in excess of $5 million in annualized revenue with targeted operating income margins of about 5% &
announced today that its subsidiary Grow Big Supply, LLC ("Grow Big") has posted impressive sales increases every week since the Company closed a financing on October 14, 2015- (Roughly 12 weeks later the store shut down its operations and shareholders learned via Facebook of the news)
Each of the three companies have all had dilution issues which have caused their stock prices to decline rapidly.
0001 Stocks are usually reserved for the very worst case scenarios and in this case there are 3 companies in the same position- I hope the position of weakness offers them leverage with previous debts because if you Reverse Split stock enough times and cant manage to produce favorable results it becomes harder to find market support in the future from the same shareholders who haven't had past success.
I'm not looking to frequent the board with what you may perceive as negative post- but Public companies are open to opinions based on the information they present in their filings to the public-If some of that information has bearish market implications for shareholders it should be open for discussion.
Not going to argue with any of that- its the managements job to convince the public what they are all about.
They are public figures and they can be measure an viewed based on everything they do and put out publicly- including prior performance- performance with other entities. etc. etc.
Thanks for the heads up- maybe management implements a plan to bring trading and support back to the stock-business developments, communications, etc.
I'd actually like to see this company go on to do good things for their shareholders- I'm looking to be neutral and impartial but it doesn't take long to see what's presented and if picking between negative and positive sentiment its an easy one based on what we can see numbers wise.
Sorry for these Analogies in explaining..
I'm not looking to add more scarecrows to the farm field if the company is planting seeds of doing good things
Unfortunately No bid stocks are reserved for the worst of situations and there is no sense in looking out the window and seeing a rainstorm and telling everyone around look how nice and sunny it is outside and those who disagree have lost their minds.
In some ways a Reverse Split might be beneficial- not in price appreciation but by possibly providing some liquidity to a currently illiquid stock. Imo there is no way they don't do a reverse split
I don't know what they are going to do here- they are facing several issues- hopefully some of the creativeness they once used in working out a deal with Greenshift cab be used again to improve the position of all classes of shareholders.
If they have 14.9 million in debt and they need sale of shares to pay off those loans it will require quite a few shares to be sold just to cover existing debt
150 billion shares sold at x .0001= 15 million
They seem to do a pretty good job in providing several disclosures on the matter- Here are just a few..
The resale of shares acquired by our lenders is likely to reduce the market price of our common stock. We may be required to amend our certificate of incorporation to again reverse split our common stock.
Our external auditors have included an explanatory paragraph in their audit report raising substantial doubt as to the Company’s ability to continue as a going concern due to the Company’s history of losses, working capital deficiency and cash position.
Our majority shareholder, FLUX Carbon Corporation (“FCC”), an entity owned by our chief executive officer, Kevin Kreisler, controls 80% of the Company’s voting power, and has the ability to cast the majority of the votes at any meeting of our shareholders or to provide written consents of the majority of our shareholders. As a result, FCC has the ability to control matters affecting our shareholders, including the election of our directors, the acquisition or disposition of our assets, and the future issuance of our shares. Because it controls such shares, investors may find it difficult to replace our management if they disagree with the way our business is being operated. Because the influence by FCC could result in management making decisions that are in the best interest of those insiders and not in the best interest of the investors, you may lose some or all of the value of your investment in our common stock.
Existing shareholders may experience significant dilution from our issuance of shares to repay amounts due to holders of loans that are convertible into our common stock.
500,000 shares x .0001- is about $50 worth of stock.
Even 10 million shares at this range is only 1k worth of trading.
I don't think I would classify that as huge volume.
Unfortunately- the communications to shareholders have been lacking- almost non existent. Plaid Canary-filings-acquisitions-paying down debt.. would be nice to see some activity.
Some call Paul just to see if he picks up the phone and to see if the company is still in existence or working on things considering filings are several weeks past due and they haven't put out press releases for an extended period of time.
I think the company should be the ones driving the story/narrative and making signs of success or just activity visible to the market/shareholders.
When a company is public they usually look to leverage that with building support with none other than the public
I hope they have a plan to rebuild and repair communications with shareholders- just keeping them in the dark is a breeding ground for negativity.
Kevin has put together some creative deals with his other companies-lets hope he can put together something that can give this some kind of spark.
Positive support and positive post are something that is built up by the company first- Unfortunately it doesn't start with the posters on message boards. If they can execute a game plan that incudes demonstrating some concern and value for shareholders they will begin to see more and more positive post begin to show up.
What the company has created is a breeding ground for negativity to pile up.
Filings are several weeks past due, communications are very infrequent and the stock price reflects just how little confidence the public has in the company and its management- support doesn't just show up at the door-step of a company it is something that is built with communications to shareholders and if the company doesn't extend the olive branch to them the only scorecard that matters in the end- the stock price will reflect the support level- compound all of that with what many feel is a track record of such then the problem becomes compounding.. and it almost becomes like a warning sign/keep out sign-
No bid stocks are unfortunately reserved for the worst of the worst- they are companies were investors/traders aren't even willing to pay 1/100th of a penny and its a lesson in supply and demand- if dilution isn't controlled and if the company doesn't provide communications and marketing everyone suffers. I hope they manage to put together some shareholder friendly developments and the negativity and dark cloud surrounding this deal begin to fade away and some sunshine comes in- one thing for sure without communications to the market- its like a politician who never leaves his or her house to campaign.
It looks a majority of the volume was coming from one larger buyer.
I see the volume has dropped off today.
I'm sorry... I was actually just poking fun at what you commented on.
I hear lots of good things are coming too.. but you know how that goes
"hey buddy... got something coming.. keep an eye out"
:)
They are probably going to need to give us some communications and reasons to want to buy... sitting in silence usually doesn't do the trick
Here's a question for you.
If you had to declare a winner and loser in the BTZO & GERS deal..
And you cant pick Kevin or funder or debt holders etc. who would you pick if you had to pick one company?
It's been a little while since I've watched it from beginning to end. Maybe I should check Netflix tonight..
But I think I understand what you are trying to say.
I also think its fair to have some frustrations.
communications from the company that haven't panned out and often times the lack thereof communication wise publicly.
with that being said I hope we a see a big run ahead..$$$
I will say this is one of the most absurd advisory fees I've seen on a sub-penny stock that isn't trading
The Credit Agreement required that Bitzio pay an advisory fee to TCA in the amount of $3,200,000. Payment was made on December 31, 2015 by the issuance of 320,000 shares of Series E Preferred Stock to TCA. The Credit Agreement further provides that, if Bitzio has satisfied all obligations owing to TCA on or prior to March 30, 2016, then the advisory fee will be reduced to $1,600,000.
The only silver lining is I think they will likely need to restore trading at some point to sell those shares in attempts to service the loans. the downside is the only way I see that happening is a R/S to deal with the extremely large share structure here.. I think the possibility exist that after a split the chance of percentages of currently illiquid money with no volume stuck in an account being tradable may happen. I don't know how big the split would be
I'm trying hard to understand how an advisory fee that large could have been done in good conscience for retail shareholders?
Here are some past splits done on one of Kevin's other companies which maybe will give some an idea on how he may potentially go about this
•Capital Change=shs decreased by 1 for 20 split. Pay date=10-21-03.
•Capital Change=shs decreased by 1 for 50 split Pay date=12/12/2007.
•Capital Change=shs decreased by 1 for 10 split Pay date=08/10/2010.
•Capital Change=shs decreased by 1 for 1000 split Pay date=11/14/2011.
•Capital Change=shs decreased by 1 for 100 split Ex-date=04/15/2014.
•Capital Change=shs decreased by 1 for 100 split. Pay date=06/30/2015
lol :)
You can take a look at TCA global information that is public.
https://tcaglobalfund.com/
It looks like the founder is Robert Press- Robert Press & TCA Global seem to play a role in some of the companies Kevin is affiliated with Greenshift, Pervasip, Bitzio- it would seem they have a good relationship- both look to reside in the Miami area
Bob Press- TCA linkedin ?Managing Director of the Managing Member, TCA - ?TCA Global Fund Management Group
listed in Miami/Fort Lauderdale Area- Financial Services
Kevin Kreisler- Kevin Kreisler
Investor, Entrepreneur, Naturalist
Miami, Florida Renewables & Environment
There are several articles & companies for reference with quick google searches that seem to pop up.. here are just a few. sorry I didn't provide links. It looks like Mr. Press has been involved in funding for many years.
Yorkville Advisors
PCM Securities
Cornell Capital Partners
The Cold Truth: Yorkville Possible Subject of SEC
Connecting the Companies | Sharesleuth.com
Oh I don't know- Here are some of the numbers
accumulated deficit of $26,645,556
common stock outstanding was 7,320,754,217
Here are Three months ended 9/30
Revenue- $117,549
Gross profit- $42,277
Operating expenses $342,233
TCA Global... I know quite a bit about them.
It seems most views of others about them are usually negative.
(Advisory fee of 3.2 million)
The Credit Agreement required that Bitzio pay an advisory fee to TCA in the amount of $3,200,000. Payment was made on December 31, 2015 by the issuance of 320,000 shares of Series E Preferred Stock to TCA. The Credit Agreement further provides that, if Bitzio has satisfied all obligations owing to TCA on or prior to March 30, 2016, then the advisory fee will be reduced to $1,600,000.
How have retail shareholders fared previously with some of these groups involved?
Exo Opportunity Fund
TCA Global Credit Master Fund
Viridis Capital
FLUX Carbon Corporation
Kevin Kreisler
True. just As a general comment... OTC companies usually need to communicate much more to establish better communications with their shareholders and to establish support in the market- OTC companies are not blue chip companies with brands and products that people already know.. like Google, Apple, Facebook, Mobil, BP etc. etc.
So when they just sit in silence when they are supposed to be seeking support and awareness to both their stock and brand it can be damaging. Giving guidance and direction to the market and leveraging the public aspects is what its all about..
Unfortunately I don't have private messaging on Ihub any longer.
I know on Fridays they have happy hour and you can send a message..
I'm not sure what was on your mind? but I'm guessing we might have a few shared contacts..
I also believe the traders where the main ones responsible for the run not KK on his other company.
just Basic filings being released around March 2015-and then the stock/company had lots of hoopla thereafter... traders brought high volume- lots of post-etc. based on future prospects which didn't pan out.
communication and delivering on the stated plans to merge and have a new ticker etc. unfortunately all went by the wayside and the lack of communications has lead to almost all of the supporters leaving the issue and relatively no volume or support present day- I wouldn't call it a win or a feather in the cap for management that one of the most followed companies on the otc is now a no bid stock.
In the otc market its very important for management to communicate to shareholders on a regular basis.. Blue chip stocks can get away with little to no communications by letting the numbers speak for them but an otc company that sits quiet will lose their audience and support very quickly.
KK put together a large debt deal here so there are some very small glimmers of hope but the follow up on plans and communications publicly is usually lacking.
That would be a good starting point
maybe some anticipation of good things to come