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About a quarter of the O/S traded today. Crazy
Definitely going over .20 before EOD
Wow, this is sky-rocketing. Can't wait to see where it is after the hearing on the 22nd
I do think the judge will rule in favor of the bond holders, but I am concerned that in restructuring, the bond holders will try to squeeze out the share holders
Anyone think this can go back up over $1 if the judge rules in favor of the bond holders?
Does anyone see a reason not to be buying here? 464 million in assets, 396 in liabilities, and a market cap of less than 3 million? Am I missing something?
I like the sound of "securing additional national distributors"
Annual report will come out next Friday. It's always released two weeks after it's due.
It validates Phase 3 as a product. Core Power and Phase 3 are both milk-based recovery drinks, though Core Power seems to target more the endurance athlete crowd, while Phase 3 seems to target more the extreme sports and jock-type sports crowd.
The fact that Core Power was picked up by Coke means that Coke thinks it's a viable product with a growing market.
Sure, it's disappointing that Phase 3 wasn't picked up by Coke, but that doesn't mean it won't ever be picked up by coke or some other large beverage company. Who knows, Core Power may take away muscle milk profits and prompt Pepsi to pick up Phase 3, which is a much more similar product.
There has only been one additional financing agreement since the last Q for 1 million. Meanwhile there's been lots of conversion in the .002-.006 range. Don't know how much debt will decrease, but there's no way it could have increased by any significant amount.
And I think you may underestimate how much revenues have grown. From Crest's experience selling Phase 3, emails from Roy, and all the increased distribution, I think there will be a very significant increase.
You base this statement on what exactly? All indications are that the product has been selling extremely well.
Crest is almost through the first two pallets he ordered and has ordered two more.
Sales in Boston have doubled.
Distribution has expanded significantly since the last Q, both geographically and in terms of stores at which the product is available.
Furthermore, those 200 mil shares that were diluted over the last couple months should translate into significant debt reduction.
I challenge you to give me as many reasons why the financials will be "disappointing" as I gave you for them being impressive.
11 or 12 days until financials are due. Word on the street is they've been ready for some time, so maybe they'll break the cycle and get them in on time instead of waiting until July 14
As far as I'm concerned, the lower this goes before the financials, the better, gives me a chance to average down before it heads back up.
Roy has no control over what the convertible debt holders do. One of them is choosing to cash in, which is their right.
Financials are less than two weeks away. The clock is ticking
As of the last Q, there was just over 6 mil in convertible debt and about 400k in non-convertible notes payable and short term bridge loans.
Don't know where jkm1 is getting his 25 million number, but doesn't seem to be anywhere in the last Q
Probably just more dilution. One of the note holders has been converting over the past two weeks or so. Chipping away at that debt... will be interesting to see how much it's been reduced when the Q comes out
Wow, you went through that first pallet already? Looks like you'll be reordering soon ;)
With convertible notes coming due in the near future, Roy needs to bring new investors in. Issuing PR's sporadically is not the way to do that. You want to release a lot of good news in a relatively short amount of time to create strong buying pressure for the note holders to sell into.
The financials should be very strong for reasons listed repeatedly on this board. I think Roy will use the financials in conjunction with a slew of PR's to bring in new investors.
Having been watching this stock pretty closely over the last week or so, it looks like most of the dilution has been happening in the .0015-.0016 range, so my guess is that we'll be staying in that range until some substantial news comes along
Anywhere between June 30 and July 14
Just sit at .0015 and you'll get filled long before the Q, barring any unexpected PR's.
Everyone who's been following the stock is pretty excited about the next Q, Roy said in his last radio interview that this coming Q should be juicy, and since then we've had nothing but encouraging news regarding increased sales, increased distribution and reorders
Just another 4-6 weeks to go...
Nope, but I'll sell you some shares for .015 after the Q comes out
I don't know if those were legitimate claims. I know nothing about distribution in CA or "big things coming".
The only thing (as far as I know) that we know for sure is that (a) the financials are coming out at the end of June, (b) sales in Boston have approximately doubled, (c) distribution has increased significantly since the last financials, (d) debt will be significantly lower (due to substantial dilution over the past few months).
Does Roy have something in the works? He's the CEO of a company which is just starting to get rolling. I'm sure he has things up his sleeve. What they may be, or when he will reveal them, is entirely speculation.
It's succeeding to some degree. Some of the selling has been retail. I don't know if it's MM's scaring people or people just getting impatient. We haven't had any real news in a while, I think that is the main problem. Roy needs to let us know what's happening with this company.
They're selling the product. The sales numbers will show up in the next financial statement. We had news of a massive reorder a couple months ago, and recently news of Boston sales up nearly 100%.
People start yelling about how the stock is doomed because there are no buyout PR's or new authorization PR's. Meanwhile, we have evidence of the product continuing to sell, and in larger quantities, and in more locations. If you don't think that is going to translate into substantially larger revenues, think again.
Again, check numbers that Mudd posted. There has been an increase in the O/S of only 2 million shares in the last month or so.
There is no dilution happening. Check the numbers that Mudd posted.
There is clearly someone trying to drive this down. 3 mil hits at the ask at .0016 and it doesn't move off of 10,000, then a sale of 3 million drives it down to .0013?
You want to tell me there isn't some sort of manipulation happening?
Canadean, an expert on market research, and specifically the beverage industry, published a report on Attitude Drinks Incorporated on May 8, 2012. I can't stress enough that this is a legitimate market research firm, not some penny stock promoter.
It costs $125, but if you're deep into ATTD or are thinking of investing heavily in ATTD you may want to purchase it. I haven't personally seen the report, but have heard that the projections for ATTD are outstanding.
http://www.fastmr.com/prod/385632_attitude_drinks_incorporated_consumer_packaged.aspx
Translation: $$$$$$$$$$$$$$$$$$$$$
I only see the buy/sell amounts through IHub. Do you have a screen shot you can post 1kerala?
Just one or two investors loading up... A lot of anticipation for the next annual filing which is due at the end of June.
There are so many contributing factors that it's hard to make any reasonable prediction.
It will depend on which retailer they're going national with, whether or not there is still a DTCC chill on the stock (it limits volume), whether or not convertible debt holders sell into the PPS increase, etc.
Regardless, should see a huge price increase if that announcement should happen. My guess would be we hit .02, retrace to mid .01's, then start a slow climb back up
As you said, muscle milk is in trouble. Lawsuits galore
http://www.bevnet.com/news/2012/muscle-milk-lawsuit-needs-bulking-up
The imminent A/S increase and the lack of news.
The fact is, the success of the company really comes down to how successful the product is. If Phase 3 proves to be competitive with muscle milk, this will be a successful company. If it can't compete, the company will go bankrupt.
What happens to the PPS in the interim doesn't really have any bearing on the long term success of the company.
Number of facebook likes continue to go up as well. Up to 514
Did anyone ever find out what the NDA assignation next to the ATTD ticker in google finance is all about? Non-disclosure agreement is the first thing that comes to mind, but it seems like it's been there for a while and nothing has come of it.
Well, they better release some sort of good news before the AS increase, or this is going to tank hard
No news in more than three weeks... either they're sitting on something big or they have absolutely nothing. Only time will tell
I was under the impression that Phase 3 wasn't being sold on the west coast... or in 7-11's for that matter
Dilution means the debt is being paid off. Dilution is inevitable for just about any start up and is not necessarily a bad thing as long as the funds are being used properly.
ATTD has a polished (and seemingly popular) product on the shelves throughout all of Florida and has been seeing much more online orders. Seems to me that it's only a matter of time until the product is taken up by more retailers and in more states. If you think that news won't move this, think again.