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.
Sorry I offended you to the point of an insult. You don't agree that over 1,000 posts since the new debt shows much confusion?
I've been here more than "one day" and hold a small position (for whatever that is worth), just don't post much. I've read almost every post for over a month & don't recall seeing that "the bank" can't amend the existing agreement, sorry I missed that.
My "nod" to the other guy comes from reading his interpretation of complex filings & notes for over a year. I commented on his skills at understanding "notes", not the company. Does knowing the fundamentals of the company have anything to do with understanding a note?
So I'm clear, are you in the camp that this new note is a "good thing" and some kind of a "loan from dad" that can essentially be ignored for a year with no impact on the company? Thanks.
Thoughts to ponder:
If deciphering and understanding the minutiae of convertible debt notes were "easy", there would not be over 1,000 posts (and counting) discussing them since the release of the latest note.
I think I have a "decent" understanding of such notes, but I am not arrogant enough to consider myself an expert. However, IMO SeanBoy IS an expert and I suggest people listen to what he says.
The MATURITY DATE is the date the note is DUE in cash, plus interest, IF (Key Word = IF) the note has NOT been paid via the CONVERSION OF SHARES. It is not a "pay later loan".
Which makes me ask: If the big banks were "allegedly" willing to delay the repayment of over $100 million dollars, why wouldn't they just pony up another measly $250k?
I am one of the whiners or cry-babies you are referring to. It has almost been 2 years since my initial purchase. Those shares cost me $18.45 and I have made 40 additional buys since then. I now hold 73,850 shares in 4 accounts at a combined average of .76 cents. Obviously many of my buys have been relatively small. My last “average down” was about 4 months ago and I have yet to sell a single share.
I actually appreciate your optimism. Even though deep down I can’t buy into much of your happiness, sometimes it helps me get through a dark period.
Some of us use iHub in place of a “counselor, or therapist” to help us through our struggle. It sounds like you may be hurting so I am here to return the favor. Think of me as your unofficial, unlicensed therapist as you read the following:
The 5 levels of grief and loss as it pertains to ECIG:
1. Denial and Isolation
Level 1 is to deny the reality of the situation. You may be thinking “everything will be OK here”. Sales will pick up and insiders won’t exercise warrants or options. US FDA rules? Unknown future for the US? Who needs the largest economy on the planet anyway? You might even isolate yourself by not posting for a while on the ECIG iHub board?
2. Anger
You are not ready. The anger may be aimed at inanimate objects, complete strangers, friends, family, or other iHub members.
In my professional opinion, you are currently between level 1 and level 2 so you have a ways to go yet.
3. Bargaining
You may seek a second opinion? Perhaps you will “average down”? Maybe you’ll consider selling some for a loss?
4. Depression
This phase may be eased by simple clarification and reassurance. Sometimes all we really need is a hug. Since a hug is not possible from iHub, some of us seek this reassurance from other iHub members. I may make a whiny post complaining about the current PPS and “someone else” might console me by reminding me about additional kiosks and better financing? This usually provides some short-term relief before another depressing, whiny post is made.
5. Acceptance
This is not a period of happiness and must be distinguished from depression. Coping with loss is ultimately a deeply personal and singular experience — nobody can help you go through it more easily or understand all the emotions that you’re going through. But other iHub members can be there for you and help comfort you through this process. Like when we ultimately know it’s over and sell for a huge loss and realize how wrong we were about this investment and possibly the entire industry? Someone might say “I feel your pain, but at least you can move on and maybe recover some of your loss through another investment”?
I am currently between level 4 and 5. I keep saying “one more quarter”. I guess I’m just not quite ready for level 5 yet…
Maybe to give the new CEO a JumpStart on things?
If you had included the part about "your" PPS in "March", your comment regarding a "1,000% gain" would have made sense to me.
I really don't know if the May cc contributed to the steady rise since it traded sideways for over a month after the cc, but who cares? That was then & this is now where I agree much good can come from this one! I am a shareholder too (just nowhere near your level!) so I wish us both good fortune!
Quote:
The last CC helped push rVUE up 1000%, maybe another 500%++ from here..
Last CC was May 12, right? PPS closed at .0084
It took over a month just to break .0084 after 5/12
1,000% gain means .084, right?
Am I missing something?
Honest question: An AS increase is filed as a "stock split"? I can't decipher if that is a pending "reverse" or "forward" split that has something to do with the pending RM? TIA
Can anyone explain the "STOCK SPLIT" filed with Nevada S.O.S. on 7/21/2016?
Copy/paste below:
Entity Actions for "ELINE ENTERTAINMENT GROUP, INC."
Sort By: Descending Ascending order Re-Sort
1 - 34 of 34 actions
Actions\Amendments
Action Type: Stock Split
Document Number: 20160323281-88 # of Pages: 1
File Date: 07/21/2016 Effective Date:
Previous Stock Value: Par Value Shares: 1
888
000
000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 1
888
000.00 New Stock Value: Par Value Shares: 10
000
000
000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 10
000
Maybe it will get thrown out on a technicality since dumbass Brent set the exercise date at "June 31st"!
Google "Canadian cease trade order" & the official site comes up. I did a search on "Northstar" and a current CTO is not listed. Might take a few days to appear?
However, they have had MANY CTO's in the past. I had this happen once before on another ticker. It was due to a simple, dopey report not be filed. Kind of like doing the "Annual OTC Company Verification". Difference is OTCM issues a warning and Canada issues a CTO. Could be that simple? I think it took about 5 full trading days to be fixed with other company?
Really not sure if you guys are implying "I'm pumping"? I merely passed on info I received via email that mentioned a "name & symbol" change is in the works. Some people might find that of interest?
Lighten up...
Not sure if already posted, but I received an iHub "promo email" yesterday. In addition to what we already know & the "buy, buy, buy, stuff", it said a "name & symbol change to reflect squuak is expected in the near future".
Maybe Dan "really does" know how to run an OTC company?
Cashing there checks isn't enough motivation? I don't see how this is legal?
Schadel would have taken on that position himself too but he wouldn't pass his criminal background check to hire himself!
Must pass criminal background check to include driving record review
My response from TDA said it's an "OTC stock & I should use google to try & find more information"!
Then they went on to say it is rights at .013 GBP & the "offer is NOT being made to US persons". Makes any decision easy for me...
My post was attempting to say it looked like GLLA was "bashing" ECIG in what I think was a GLLA "sponsored report". I'd be surprised if ECIG (VIP) turns out to be the one selling GLLA's juice?
Regarding Q2 revs, If one of the main reasons for the hideous decline in Q1 sales was due to "lack of financial resources", how can Q2 be better if they JUST refinanced? I'm hoping that the money they didn't use to pay the interest was used for expansion? We know they added kiosks too so we'll see. I don't want to think about what will happen to the pps if Q2 is not improved over Q1...
Google "GLLA UK deal". A "news" article about their deal appears in many places. (Looks like a paid promo thing)
I pasted a paragraph near the bottom of the article that the "new poster" is likely referring to. It mentions ECIG, but in an odd way if they were new partner?
Gilla has a number of very attractive items on their plate to go along with the recent U.K. and Chinese deals; their Q1 2016 revenue numbers were record setting at $1.36 million, they trade at a mere 5.96x market cap to asset ratio, and their premium brands are award winning. To put that in perspective, mCig Inc. trades at a 27.3x market cap to asset ratio, and Electronic Cigarettes International Group Ltd. while recording a very impressive $11.7 million in revenue last quarter, also had a net loss of $20.4 million during that same time frame, which is 1.5x what their current market cap is.
Yep, looks like we got "rights" to 10% of our shares, to do, or buy "something"? Couldn't find any details so I messaged TD Ameritrade late today...
Anyone have any comments/info regarding the distribution/rights that showed up in my account?
New Form 4...
Go to OTC Markets site, "Financial Disclosures" link. You will see the QB Certification filing. Filed yesterday.
Last Pink to QB I followed took 2 days "from this point" so I predict tomorrow.
I think they shattered investor confidence by saying a month & a half ago that they were "immediately up listing to a higher exchange", and then changed the "CC" date, interactive call to email only, & dropped the "guest speaker".
They better have something concrete to say regarding the uplist, or funding, or the "partner". I don't want the hi-light to be "we are working very hard putting the deal together with the European aerospace entity"...
We've been hearing "warrants are good for us" forever now. (are you watching the PPS today?) Warrants are good just like taxes. Everyone should pay more & more of them because they help build things...
Chump? We're on the OTC & the most popular topic of conversation here is debt, loans, warrants, & now dilution.
One more: How can Q2 revenue possibly be much better if we JUST restructured?
They must not have PR'ed it then?
Thanks for implying I'm retarded.
This is pure manipulation by market makers and if anyone didn't expect it they either have not been a shareholder long or they are 2 digit IQ level type. They always do this after news. All news. Every time.
That's quite a depressing statement. I guess you think bj, ron, & probably a few others here all "rode the same kind of school bus" as me based on their comments?
Geeze...
I'm trying to decide if it's comical or scary that the pps is down on news of 4%? Were investors looking for a zero percent new car loan, or are they now anticipating a gazillion warrants?
Anxiously awaiting the 8k & seanboy's analysis...
I disappeared just like my money did! I exercised my warrants into worthless shares a while ago. Still hold the preferred that came with the units which are also pretty much worthless.
I skimmed the recent filings and the numbers I saw regarding the remaining warrants didn't make sense? Decided not to torture myself & stopped reading.
Frija got a 2 year salary of about $150k per year when he split. Ironic that $150k would be about what he "paid" for the 1.5 billion shares, but it "looks like" they satisfied that deal by mid 2015, not 100% sure?
I also know VPCO claimed "no insiders" held Units. Was Frija considered an "insider"? Don't know?
I do know they ALWAYS got the votes they needed whenever they wanted to RS or whatever. I seriously doubt Frija is attempting anything "hostile" here but I give up trying to figure these guys out.
Virginia Beach, VA, July 06, 2016 (GLOBE NEWSWIRE) --
Northstar Electronics, Inc. (OTC PINK: NEIK) releases specific information regarding its conference call on Wednesday, July 13, 2016. Management intended on hosting this call Friday, July 8, 2016 but due to an extremely busy work load and other operational demands, this call has been rescheduled.
Dr. Wilson Russell, CEO and Chairman, Northstar Electronics, will be the keynote presenter on the call, with Mr. Rich Kaiser of YES INTERNATIONAL, the Corporation’s investor relation firm, as the moderator.
Shareholders and other interested parties are asked to join the call at 1:30 PM PST / 4:30 PM EST at call-in:
Dial-in Number: (641) 715-0700
Access Code: 869840
The recorded conference call playback can be heard at:
Conference Playback
Playback Number: (641) 715-0709
Access Code: 869840
This is a “listen only event” where Dr. Russell will provide an update on NEIK’s business activities and answer shareholders’ questions.
In advance of the call, shareholders can provide their questions to Rich Kaiser at yes@yesinternational.com. Rich will ask Dr. Russell as many of these questions as feasiable within the 30-minute timeframe.
For further information about this upcoming call, please contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, 757-306-6090 and yes@yesinternational.com
Not sure why there is confusion regarding the refinance stuff? From the cc transcript sticky:
The second point is resolution, well obviously to the point of the 12% and 8%, (A) we have to resolve our capital structure and it's clearly our priority over the next three months. It's a focus that we started on (B) about three weeks ago, we are spending a lot of time on it. We have identified a lot of areas that are alternatives going forward. And we think we have alternatives that would be acceptable to the investors, but as I have said we are (B) about one-third of the way through that process. Obviously have had to be cleared up and (C) finalized prior to our next call. And so we are looking at the end and the completion of that with new alternatives (D) by mid-June.
(A) 3 months from cc date of May 16 means re-fi by August 16.
(B) If they started 3 weeks prior to May 16, & they were one third thru, that means 6 weeks to go from 5/16 so re-fi by June 27.
(C) Next call should be Monday, August 15 so to be "prior", re-fi will be by Friday, August 12.
(D) Mid-June, so re-fi by June 15.
See, it's all in the transcript!
"Small Hit?" We're down 40%! Hope we don't take a "medium hit"...
From the June 7th PR:
The first interactive call is scheduled for July 8, 2016 at 4:30 PM EDT / 1:30 PM PDT. One week prior to the scheduled call we will provide shareholders with the call-in information and name of our guest moderator.
There should have been a PR no later than last Friday, 7/1 with the cc details including who the "guest" will be. Part of the idea is to create a bit of a "buzz". We are now 2-3 days from the cc (depending how you want to count the days "before").
How is this possible? This should be the "easy" stuff, it's not like it's "aerospace science". Is the cc still on?
In addition to screwing up the wording they used regarding the uplist, they've now screwed up the FIRST conference call.
Maybe they should announce they fired the IR firm?
Gee, I sure hope so. I miss the lying posts that hinted about inside information. Like "if we only knew what he knew" (shortly before he bailed) or how "he spoke with Dan" the morning after the latest cc, yet Dan said he had an early flight to the UK?
I'm hoping any recent buys are in "honest hands".
Based on this:
The first interactive call is scheduled for July 8, 2016 at 4:30 PM EDT / 1:30 PM PDT. One week prior to the scheduled call we will provide shareholders with the call-in information and name of our guest moderator.
There has to be a PR tomorrow about the cc details, right? (Including the details about the "guest moderator")
I also see 3 possible positive catalysts based on their previous comments, in no particular order:
1) Uplist to a higher exchange.
2) Funding/finance details.
3) A partnership, contract, deal, etc. that includes a path to revenues.
How could they possibility schedule a call that doesn't include at least one of the above?
Thank you. Looks like they've been at .01 or above all of 2016? I've read the QB requirements many times & the one thing I've learned is there seems to be a lot of "ifs" & "ors"!
I guess my only beef is the use of the word "immediate". I realize they have a lot of work to do. Had they said "near" future, I could have accepted that to mean days, weeks, or even a couple months.
I contacted IR regarding the "immediacy" of the up list but got the expected "the company is working very hard with an international partner" yada, yada, yada response.
I am also looking forward to the cc!
GLTY
IMO, If there is a question as to why we haven't already up listed, the company may be to blame?
From May 26 release:
Northstar now intends to apply for its stock to up-list from its current trading platform, OTC PINK to the OTCQB trading platform in the immediate future. Once there, management believes the credibility of the OTCQB listing will be an advantage for the Company when dealing with accredited and institutional investors.
I took the word "immediate", to mean "immediate", like they were applying for uplist within a day, maybe two.
They also implied the financing options would be better and come "after" the uplist.
No, no, no. To achieve the highest level of Schadelentology you must have complete blind faith. Going dark and not telling co-believers what is actually going on is the most honorable way to perform this "test".
In addition to not questioning the motives of our leader, it is suggested you mail cash in an unmarked envelope to the new corporate offices of Labor Smart (as soon as we know what it is). DO NOT include your name or any personal details! You must truly believe you will be rewarded some time in the future for "it to work".
I guess as long as 6 x 3 = 32 and 8 x 3 = 35, anything is possible?
If they are doing 6-8 mil a month and around 32-35 mil a quarter.
No fair, people are stealing my "basement analysis". I had it first:
Sunday, 06/26/16 05:02:14 PM
Re: None
Post # 64391
of 64493
Maybe he's moving the corporate offices to his dad's basement to save money since they won't need all that space due to "the app"?
Even funnier is some people are trying to make a case for it! On a serious note, can anyone think of any legitimate reason whatsoever that he couldn't send a simple tweet preannouncing the move?