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But we don't know the conversion ratio. It could be that for each preferred share they get for example 100, 200 or 1000 common shares. I think the ratio is undisclosed information that could be found in the terms of the merger.
Good info, didn't know this!
I locked my shares and I suggest everyone do the same, no matter how small or big the position.
The PR said nothing about outstanding shares. Are you confusing A/S with O/S?
Very nice! This caught my eye, though: "...a reduction in the potential for the ongoing dilution of our shareholders..."
So there's dilution going on as we speak? Or are they talking about potential future dilution?
Here is a guide made by the pop up's creator "Beeketing" telling you how to add fake buy notifications to boost your sales:
LINK
Seems pretty legit, right? ;)
"Wah-wah-waka-wah-wah-waka-waka-waka"
Come wit' it now!
Updated P/S calculations: VPOR hugely undervalued compared to its peers
Now that the financials for 2016 are out I updated my previous calculations of price-to-sales -ratio for VPOR and some of its peers. The P/S for VPOR is currently around 2, when other marijuana companies seem to have it around 30.
If VPOR's P/S was the same as AC$L's, our PPS would be 13,6 times higher than it currently is, trading at about 2,7 cents. Compared to the others it should be even higher.
Of course these calculations are based on my estimations of what each company's revenues for 2017 would be, but in my opinion my estimations are plausible. And the P/S ratio doesn't tell the whole truth, but this kind of a huge gap between VPOR and the others at least gives us a hint of the direction where we should start heading, and it's not down.
See for yourself and tell me what you think. If you have an idea for an additional company for comparison, tell me about it too.
I don't think this is a scam in the sense that there would be no products. But with Dror you never know (once the products are out) if he's going to let the stock price fly or if he's going to dilute the crap out of it. His PRs seem to support the thought that he genuinely wants this company to succeed. But as I've said before, I have trust issues with him. :)
That's absolutely right: my statement is speculation and isn't based on factual information. But until VPOR releases more detailed information on what the general and administrative expenses consist of (which will be never), neither is yours.
To me it seems that they have just added a new row to the financial report to be more precise with their filings. Which in my opinion is a good thing, seems more transparent.
I believe it's a fairly normal procedure for a company to report salaries within the general and administrative expenses section.
I believe the "Officers compensation" was included in the "General and administrative expenses" in 2014 ($1.7M) and 2015 ($5.5M). I can't prove it but you're free to prove me wrong. In fact I HOPE I'm wrong, but I don't believe so.
I'm not very familiar with how shorting works.
Do shorters borrow their shares from the A/S? So when a share is shorted it shows up in the O/S and when it's covered it goes back to the "A/S reserve"?
Let's hope that is the case.
The previous O/S was about 4,038 Bln. So has there been about $500 000-$600 000 worth of dilution even though Dror stated just the opposite in his PR?
Don't get me wrong. I'm all for the product being the best it possibly can. That's why I said I'm not worried about THIS delay. But in my books Dror just has a history of setting a deadline and not sticking to it. If you're unsure, don't set a deadline! If the grinder really will be released during May I'll be happy. Until a confirmation of the release date I'm nervous.
I'm not worried about a 30-day delay. What I am worried about is 2015 happening all over again. If that's the case Dror is going to put out another PR around May 28th stating another delay and after that another and then another and... you get my point.
This delay is not good. And they're going to miss 420.
"If you received this notice, your application has been initially refused. But, this might not be the end of the road. Many trademarks are initially refused, but can end up moving toward registration with a simple response."
Source.
I wouldn't worry about that yet. Seems to be a fairly normal procedure for new tradermark applications.
As a reply to your PM: Yeah I know, Dror lies.
I got really pissed at him in 2015 when he PR'd several times that "... the audited fins will be out next week." and they never came. But that lie wasn't so obvious because it couldn't be fact checked. There was always the possibility for the fins to be released the next week, as he claimed.
I don't trust Dror, but on the other hand I trust him not to be too stupid. It would be extremely stupid of him to PR an obvious lie, if the truth (the number of outstanding shares) can be easily checked and confirmed by anyone.
If it's not a typo, it's major news. A typo is more likely but I'm hopeful. :)
Cool!
A lot of shops out there that haven't heard about the Easy Grinder. Yet.
Care to elaborate on this cool information?
Yaniv's going into details.
Is that video filmed at the current EasyGrinder production facility or is this a completely different factory and product?
I guess you meant Norway, but hey, they're both in Europe and they both begin with an "N" so they're practically the same country. :)
That would be great as I've got more powder clearing to my trading account by tuesday. :)
What if the OS of the spin-off company is more than the OS of Newgen Concepts, but we get a 1:1 ratio on the dividend shares? Can they do that? Would that be one form of dilution?
Newgen Concepts without Easygrinder and the other vaping products is practically worth nothing before they get something going on with Simple Cork. Which could be never.
Why call when you can go there yourself? I did. It wasn't an apartment.
If all what you're saying is true, it's awesome!
I'm all for the product being great. I bought my shares at 0.0011 and am not going to start dumping them any time soon. I guess I'm just always expecting the worst to avoid getting disappointed :)
You could do us all (and the company) a huge favor by being the first to review the EasyGrinder. If you could make a short video of how your dispensary uses the grinder in your daily workflow and tell everyone how well it does the job, it would go a long way!
That's right.
And I would add marketing as a fourth point. I think that's where they have already proven themselves. The price seems also right as the pre-orders have went well.
Hopefully this month quality and delivery will also be proven.
What everyone keeps forgetting is that the product needs to actually work. Good looks don't help if it fails quickly or doesn't do the job correctly. On the YouTube video's comments people are wondering why the herb has already been ground before putting it in the EasyGrinder.
I hope we start getting positive reviews as soon as the product hits the market.
Price-to-sales ratio comparison
What do you guys think of the price-to-sales comparison I made below?
I used a very conservative revenue estimate of $1 000 000 for every quarter of 2017 for VPOR: 20 000 Easygrinders sold to wholesale every three months.
I'm not very familiar with the other companies in this list. If you can make a better estimate on their revenues I'd be happy to update the table accordingly.
I don't think the P/S ratio can give an accurate view of a company's situation, but maybe it's a hint for the direction we should be heading. Judging from the numbers below it seems that compared to some other MJ stocks VPOR is undervalued roughly by a factor of 6 (at least).
What's your opinion?
Actual SIMPLE CORK unit featured in Yaniv's Twitter post.
Are they about to release it?
Many companies trade at a P/E (price per earnings) ratio of around 20. So the stock price might rise to be 20 times higher than what the company's actual revenues are.
VPOR's OS is 4,038,536,041.
(4,038,536,041 * 50 cents) / 20 = about $ 101 000 000
$ 101 000 000 / $ 99 = about 1 020 000 units sold per year (at $99. I guess in reality a big part of these are sold at half the price to retailers)
1 020 000 units / 4 = 255 000 units sold per quarter.
If all the revenues came from selling to retailers they would have to sell about 500 000 units per quarter.
That's a lot of units to be sold. But maybe 110 000 units per quarter (10 cents per share) could be achievable... ?
Just my reasoning.
Someone with more experience could comment on these calculations.
**EDIT** Just read today's news of 20 000 units sold out. Things are getting interesting here.
Oh, ok. Thanks.
What does this mean? How will it affect NYXO?
It would be nice if they kept us updated on the sales numbers throughout the spring and summer. Officially or unofficially.
The first official and really important numbers will be out around mid August when they release the financials for Q2, which will state the first full quarter of sales for the EasyGrinder.
I hope they get someone to do an online review of the grinder at about the same time the product hits the stores.
A positive review. :)
Cool!
And the first picture on that account has been released only two weeks ago. If the product actually works as expected (or even better), this could grow big and fast.
Believe me, I would be extremely happy if your prediction proved to be true. I've been in this stock since the spring of 2015. Not with a huge investment, but let's just say that if VPOR reached 20 - 60 cents like you say, I could quit my day job.
However, with the current share structure your prediction is ridiculous. As someone pointed out earlier, the run to 45 cents back in 2014 would be currently equivalent to about 8 cents. Which I would already be extremely happy with.
And frankly, Ohio is not that far away from Florida. I visited VPOR in late 2015 and I live in Finland. (though it wasn't the sole purpose of my trip).