SEC aide.
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This is fact not opinion: FUSE would be in a world of hurt if they did not agree to the RS. Those who financed did not do so as a gamble. Company is VERY aware of the agony and pain being suffered by those who own @ a pps above 25 cents. The 10K is going to answer many questions and counter false claims or opinions by the naysayers. GNC will start selling FUSE products. Another interview on TV is set up to air. Institutions who could not recommend or promote DROP will start after the RS. PPS cannot be calculated at this point in time. Trails for other FUSE related products will begin to be released in the coming months.
No, the only ones playing with shares are the scum day traders. They ONLY care about their little non-existent play ground.
No need wasting my time. I'm meeting with Brian tomorrow so whatever these bashers have to say will be answered by him. I won't post any news but may clarify things if the questions or persons are worth the time.
If the AS is bumped up before the split then you are incorrect.
The big players in FUSE (DROP) will make it much bigger. Expect a huge run just before April news release & SEC filings.
Fuse Science Ships Over $500,000 in Orders for Quarter-End December 31st, 2013 and Takes Critical Steps to Secure Required Capital to Continue Execution of Business Model
MIAMI LAKES, FL--(Marketwired - Jan 6, 2014) - Fuse Science, Inc. (OTCQB: DROP) (www.fusescience.com), a consumer products and delivery technology company that is developing new, patent-pending technologies working to redefine how consumers receive energy, medicines, vitamins and minerals announced that it recently took further steps towards securing the additional capital to continue the ongoing execution of its business plan.
On Friday, January 3, 2014, the Company filed a Form 8-K in which Fuse announced that it had entered into a securities purchase agreement with two investors, pursuant to which Fuse agreed to issue and sell senior secured convertible notes in the aggregate original principal amount of $1,000,000, together with warrants to purchase common stock. Friday's filing can be viewed within the SEC filings section of the Fuse Science corporate web site at www.fusescience.com or at www.sec.gov.
In November 2013, the Company announced strategic investments from Muscle Pharm Inc., Phil Frost and others focused on the ongoing development of Fuse's proprietary technology and consumer products. Last Friday's investment is a further step in this effort. All strategic partners in the November 2013 round rolled their funding into the current round, moving the note terms from sixty days to a five-year maturity which allows Fuse to execute against its objectives.
This current action is the next step in a series of financial steps the Company is taking to provide for continued growth. Friday's investment of an additional $1MM in working capital consists of $550,000 funded on January 3, 2014. The $450,000 balance is expected to be funded in four (4) monthly installments of $100,000 and a final installment of $50,000.
During this time the Company will continue its efforts to advance the commercialization of its PowerFuse(R), ElectroFuse(R) and EnerJel(R) brands, leveraging its world class athletes while taking required administrative steps to ensure the next phase of business growth and funding. In November and December 2013, the Company completed production shoots and commercials with World Series MVP David Ortiz and Wimbledon Champ Andy Murray, which are center stage in the Company's advertising program. Fuse anticipates the scheduling of these productions during the first calendar quarter of 2014.
In addition, the Company reports that it shipped over $500,000 in product orders for its first quarter of fiscal year 2014, which ended December 31, 2013, which surpasses the entire previous 12 months -- illustrating optimism for continued sales growth under heavy working capital resource constraints.
Additional funding is still required to support the strategy and development of the Fuse business plan, both of which will require the authorization of additional shares to be issued. Upon shareholder approval, the Company will also execute a reverse stock split, to facilitate better structure around the market capitalization and stock price.
To become "Powered By Fuse(R)", visit your local Walgreens or Duane Reade store or go to www.poweredbyfuse.com.
About Fuse Science, Inc.
Fuse Science, Inc. (OTCQB: DROP), is an innovative consumer products and delivery technology company based in Miami Lakes, Florida. Fuse Science holds the rights to new, patent-pending technologies poised to redefine how consumers receive energy, medicines, vitamins and minerals. The Company maintains the rights to sublingual and transdermal delivery systems for bioactive agents that can now, for the first time, effectively encapsulate and charge many varying molecules in order to produce complete product formulations which can bypass the gastrointestinal tract and enter the blood stream directly - all in a concentrated "DROP" form that is simply applied under the tongue. The Fuse Science technology is designed to accelerate conveyance of medicines or nutrients relative to traditional pills and liquids and can enhance how consumers receive these products. Information about Fuse Science is available online at www.fusescience.com and www.poweredbyfuse.com or by calling 305-503-FUSE (3873).
For Fuse Science news as it happens, follow @FuseScience (https://twitter.com/fuse_science) on Twitter and Like Us on Facebook at https://www.facebook.com/FuseScience!
Get all Fuse Science corporate updates sent directly to you; sign up for Fuse News Alerts here: http://ir.stockpr.com/fusescience/email-alerts.
You can't advertise on your silks. RB can't have FUSE on his pants in NY. Joel is not a FUSE endorser but uses Enerjel daily. If you get a chance to ask him at SA, you can verify.
New store openings average 200+ per year. DR also counts when it comes to sellers. Foreign sales are good but it took more time than expected to meet foreign requirements on labeling. Tiger can't fully, visually, endorse Enerjel. RB pants have FUSE logo and his impact is very big, he wins many races on the West coast swing. Takes time for Jel-ling!
Clauses in the SEC filings that protect insiders from the effects of the RS. Same goes for the athletes. You will have to dig for the specifics but they are there.
No volume for such a supposed bad 8K release. Let the traders play and weak knees sell. FUSE is moving ahead with all they suggested and the big players are setting up the future(good) successes.
Very obvious that the posters or lurkers on this thread are the ones who are selling. The volume says it all. If anyone here sold, as I suspect, then the word fool comes to mind. FUSE is coming out with some very positive info in the next week so the chatter will really intensify. More answers followed by more questions.
It just goes to show that as long as morons and fools are allowed to vote or play the market-anything is possible.
You have stated far too many times your approach. Let others choose their investing methods. I am not interested in investors losing, if they chose the wrong time to invest or gamble. FUSE will shine this year no matter what anyone thinks to the negative.
I'm not doubting that but if you have not met with management by now and obtained answers, then there is nothing I can say that will help.
They won't miss next year. Two buck chuck is not FUSE'S target. Let the rich get richer and the "trailer trash" post nonsense.
I'll repeat. FUSE knows and you are guessing.
No you are proving to me and a few others that you are clueless. FUSE will reward me and those who know. Best that you wait till April 15, 2014 before you post your spin.
No, they said not in 2013. I welcome the RS if it does just one thing-gets rid of schmuck day traders who just gamble for a petty change.
"Every opportunity so far has been wasted."
Since this is how you think, I will try not to respond to you in the future. FUSE is doing the best they can with the hand they hold.
Is that bad or am I missing something?
That is correct. Nobody forced anybody to invest in FUSE. If what they have done, are doing and will do makes you skeptical. Then don't invest. Pretty simple to me. Companies do what they perceive as the correct course. The end justifies the means.
Wrong! Great news for FUSE, if in fact the R/S takes place. If you think for one minute these guys are going to "steal" from investors, then no sense me commenting further.
The R/S eliminates approx. 6000 small time investors which helps the company logistically and when voting for change. It also reduces the affects of day traders on the PPS, which helps with the fluctuations in the PPS. The athletes and insiders have protection clauses in their contracts for such R/S activities. To say that R/S's are all bad or bad for current investors(not d-traders aka losers) is false. Company and its LOYAL base 1st-to hell with the whiners and traders. If this 1 for 200 split does take place, I see it as a move by FUSE to get institutions involved. In the long run it will make FUSE's dreams come true.
I won't post on this thread anymore. Luck to all.
I fully understand why you say this. You get no argument from me.
"$700K emergency Debtor in Possession note is due in full with interest. "
This note was not an emergency!
Watch for short covering to change the whole picture. Huge volume, higher pps and new promoters coming on board.
In your mind set then 6 lawyers, given the same evidence and facts, won't come up with a different MO? Keep posting. :o))
DROP-watch for the short covering to move this pup higher.
Correct for the current pps. Things ARE going to change dramatically in the coming weeks. CG's loss players will re-enter and then add new investors. Blue skies from now on!!
No R/S in Brian's plans. Your pps number is way too low but traders will accept that fig. Insiders are looking at a pps higher than the 52 week high.
All for the benefit of insiders, longs and those investors who understand the "pink" market. PPS will move to a new qtr high in a short time. News is about to be released. News will be SO good that the chatter here will be refreshing. :))
The number appears big but will disappear quickly once FUSE decides it is time to give watchers their entrance signal. Stay tuned! All is about to change. A 50mm volume day is not too far off. Board marks will go over 400 in minutes.
Brian said that it won't come for a few quarters now since their game plan has been tweaked. He said Co. will try and clarify to shareholders before the end of this year.
Bookmarks went from 302 to 357. All is good. Looking for a huge run up in the coming weeks. ^^^^)
PPS a risen^^^^! All the negative talk ain't going to stop the world from FUSEIN!!
The new accountants have found a few adjustments that will aid FUSE in the upcoming profit numbers.
Good for him. Like I said-if you have current proof the he is doing something illegal. Post it-file with the SEC and do us a favor. TIA
I don't know anyone who posts on this thread that wants THAT specific deal to take place. FUSE is going for bigger fish.