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I agree with you about the rs being unlikely. You're right in pointing out why it doesn't make sense at these levels. The SS is a problem because ppl are likely to wait on the sidelines for fear of being diluted.
In any case, for longer-term holders (2-3) years it's an opportunity for cheap shares.
Depends on what else they announce. For example, if additional major national chains are announced together with news of rs or AS increase, the effect may not be as bad on pps short term. There'll always be buyers.
I, like many here do not wish an rs but the reality is that there's a good chance of that happening.
Given current SS there's going to be another AS increase or SS. There's no way around it because a buyback isn't gonna at this point.
These folks have a very aggressive business plan and need a lot of capital for it to be successful. The silver lining is that so far the product seems to be gaining traction and has good reviews (not Just on Amazon).
I wouldn't hold on So dearly to Vanis' statement of no rs. First of, he said they had no plans to rs at the time. Times change when you're running a business. Few examples. ..boost was supposed to be launched simultaneously with vitaminfizz; purchase of interest in avanzar; What happened to Ms Slater (account manager)? Secondly, some of the company's statements have been misleading or not verifiable in the past. Example, earlier this year, they hinted at rise n coffee boost being placed in 2 major accounts, the talk about celebrity endorsements etc.
Like I've stated earlier, I expect all 3.5 bill to be issued. Another AS increase is more likely than an rs. That's just history repeating itself (check historical SS) and also they need shares to cover "on demand" series b holders. Either way, we'll find out soon enough.
What's your point? Are you suggesting that ku is providing legal advise because he stated what the law says?
Don't be silly!!! Try typing your name into a search engine and see how many hits you get. Just because it's on the internet doesn't make it true/real.
Some people forget the fundamentals when the stock price declines. Truth is, the fundamentals haven't changed. If anything they've gotten better.If product is as great as ppl claim it is, then it's only a matter of time before revenue and pps reflects same.
Please educate yourself. 37 shareholders of record doesn't mean the company has only 37 shareholders in total.
To help you along, look for definition of NOBO list and CEDE list.
I am aware of that. I was responding generally to his comment about companies issuing notes secured by shares. In any case, the LOC is also secured by shares.
I would not be surprised by another A/s increase in the future either.
Company never assured anything! Those are misguided assumptions by certain shareholders.
Please read 14c n Vanis email closely. The key word used was a "good chunk". Also 14c hints at other uses when the opportunity arises. Imo if ever there's a justification for o/s increase, acquisition of controlling stake in avanzar qualifies as such.
I liken what's going on here today to the many hypocrites out there who want to go to heaven but are scared to die.
People want MINE products to go national but complain when their $$ is being used to fund the operation. How else do you expect a young company to raise cash for an acquisition? Before anyone talks about LOC, please read the exhibit attached to that 8-k carefully. There are conditions attached to the use of those funds i.e. operations among other things. Acquisitions do not qualify and besides it would be a terrible business decision to use those funds to do that IMO.
Whether the entire A/S is issued or not, R/S or buyback, so long as the products gain market acceptance and penetration, MINE will be just fine.If the sample of testimonies here is anything to go by, it's only a matter of time before that happens.
The Vanis bashing fair going on here is getting ridiculous! It's like people forget the fundamentals when the pps is going down.
My personal opinion is that there's likely to be more dilution to complete this acquisition.
The loc is primarily for operational activities as per exhibit attached to 8k. Imo acquisition of this sort doesn't qualify.
The only other source of revenue is sale of products. .I doubt they'll use that . That's assuming they've even
made that much.
Also..the more shares they use for these things, the less they have to cover series B shares which would mean another A/s increase imo. Hoping for the best but prepared for the worst.
And your point is?
lol. I have to agree with you. We all want this to go up but folks need to realize that at this point, certain things take priority over the current share price.I'm not sure what else they want to know from the company.It's clear the $$$ they're raising is going into ventures that will eventually pay off.
Like I said yesterday, don't invest what you can't live without. If you're looking for instant gratification this one may not be for you at this point.If you're waiting for cheaper, you run the risk of missing the boat.
What you're suggesting would/could have brought in some traders but probably not a whole lot of investors.
Imo for the purposes of bringing in more longer term investors and with it a more sustained pps appreciation, the best form of promotion is to actually focus on putting the products out there in as many
outlets as possible.
So it's your belief that infrequent press releases of what you deem material events is responsible for this lack of appreciation in the pps?
If So, I disagree. I think the material events have been rightfully pr'd. The rest are not so material e.g. we're in x number of stores when x is not a milestone figure. IMO
I understand why longs are frustrated but it's been less than 3 months since the launch. I don't think beverage companies expand as fast as this one seems to be doing.Take a chill pill y'all.
Just don't invest more than you can afford to live without for months or even years if you want to save yourself the frustration of a stagnant PPS.
Most certainly! The share structure is the only setback for share price appreciation at this point IMO. At some point they're going to have to clean it up or revenue will be streaming in from all quarters so much so that it won't matter.
Most certainly! The share structure is the only setback for share price appreciation at this point IMO. At some point they're going to have to clean it up or revenue will be streaming in from all quarters so much so that it won't matter.
Don't forget product development and acquisition, salaries etc, Spelling alone is taking 10 grand a month.
These folks at MINE have a very aggressive growth plan. In my opinion, it may take a while to get the pps as high as most of us would like since laying the foundation for this type of growth without substantial revenue requires the use of shares as collateral.
I hope I'm wrong by we may see further dilution which is not the end of the world so long as it is clear what the funds are being used for.
The CEO controls share price? That's news to me.
I agree. All I'm saying is I hope it's not a change in direction.
Lack of transparency just months after increasing A/S makes me uneasy. Especially with the kind of games and steady decline we've suffered in the last few months.
I know A/S increase has been explained but this is the OTC after all. I hope we see a bit more transparency going forward.
By not making inroads, do you mean the PPS or the company direction and current status?
If launching products in 2 large markets and getting into major chain store is not "making in roads" for a start up company, I'd like to know your definition of "making in roads" is.
I'm sure you've heard the saying Rome wasn't built in a day...well neither was Monster Energy.
Care to explain what you meant by that "share selling based on future promises?
The idea of what is "healthy" or "not healthy" doesn't exist in a vacuum. It's all relative. Something can be healthy compared to another thing and not by itself.
So what are you comparing Vitaminfizz to that leads you to conclude that it's not healthy?
If we're going to get technical, it's not a partnership either. I'ts a licensing agreement or a contract so to speak. To the extent that level 5 has the exclusive right to use the use vitaminfizz brand, as far as product development, marketing etc, one can say we "own" it for the duration of the agreement (5 year automatic renewable term I think). IMO.
Probably the same people parading this board warning everyone one about the imminent "TIMBER"!!!
I can tell you if I were CEO I would not respond to that question because it entails revealing profit margins,production costs etc which may be better kept out of the public domain.
With that being said I hope he does.
60 mil in volume. I dare say we're probably about done with the conversions. Let's see what the rest of the week holds. IMO the fanfare that was supposed to accompany the bi-coastal launch is yet to happen.
Which ones? Do you remember? I only remember JMJ 105mil shares from May 2014. Thanks for your help in advance. I'm not behind a computer right now so its hard to download the 1Qq AND 8-ks.
You were expecting a smaller drop?
The key is to not invest money you can't live without for a good length of time.
I'm not sure what you mean by "not ready to be invested in".
How would you know that a company or rather a stock is ready? I think if you believe in the fundamentals and the progress being made anytime is a good time to invest because you're looking at a much bigger picture than trading pattern over the course of weeks or even months.
With that being said, I share your sentiment that this stock can be frustrating to watch sometimes. If we had a pps increase for every good piece of news the company releases, we'll be much higher than this. This is what some people based their "$4 by summer" prediction on IMO.
MINE's stock is suffering from a lot of things but the company is solid and the pps will follow in due time.IMO.
I'm not sure what will either but I can tell you that we were in a similar situation Jan/Feb of this year in which no PR of company progress seemed to matter. Back then we were in the 0012.0018 range...I am hopeful that we'll see a similar uptrend here for one reason or another.
One thing that may move it is when investors are assured that the A/S increase is for the stated purpose and not for securing credit. That assurance may come with the celeb endorsement or immediately after.
People clamoring for PR are hoping it'll help with the pps? I quick look at what happens here on PR days will tell you that a lack of PR is probably a blessing. With that being said, I suspect we'll be getting an update sooner than later.MINE