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Agreed. Talk about posting unsupported information? That's all most are doing. Maybe if is say there is an antidilution clause enough times it will negate the fact that our shares just got diluted 10 for 1. Or saying the most important thing in the 8-K is the connection to one person. That's most important? What about the fact that company only has 10K in cash? What about the current liabilities exceeding the current assets significantly? Can anyone read financial statements?
Multi-dollar? There are over 5 billion shares outstanding. At $2 per share that puts the value of the company over $10 billion. The company is 6 months old. I'm not bashing, just trying to temper expectations. People will expect too much too fast with these kinds of posts, and when they don't get immediate gratification they sell, and that helps none of us.
Bought that many shares? They were given.
The concern is not the increase in AS, its the increase in OS! No matter what percentage is held by insiders, you still have to divide what you think the company is worth by all outstanding shares. Therefore, for the PPS to hit .01, the market cap of the company has to reach over 50M. I'm thinking its probably worth 20 to 25 million, which gives us a PPS somewhere around .004.
I'm guessing tomorrow's close will be around 35
That implies that the market cap is already $15m or whatever the math is without calculating it. If that's the case, and the market cap holds, then its all good
As long as Surgline is worth at least $20M, I'm happy. But, the number of shares held by insiders has no bearing on value per share. You are still dividing the pie (value of the company) into more slices (number of shares). If the market cap stays at $2M, a $100 investment just became $10.
Outstanding is over 5 billion as of today (or the 1st, whenever). It was over 1 billion prior to September 1st.
I think we need a market cap of around $20 Million to stay even. Not that it is unlikely over time, but we might be waiting for awhile rather than seeing a quick pop.
1 million? Try 5 billion. Does nobody else but two others on the board understand that outstanding shares went from 500+ million to 5+ BILLION. That is BILLION. Our ownership in the company got cut approximately 90%. That requires Surgline to be 1000% more valuable than CNUV was to maintain the same PPS, if my calculations are correct.
"...and if you noticed Fong protected us big time..."
Can you explain how we were protected? Looks to me like our ownership just got cut 90%.
2.20
Restricted Securities. SURGLINE and the SURGLINE Security Holders, by execution of this Agreement and of Exhibit 1.2, acknowledge that all of the CNUV Shares issued by CNUV are restricted securities and none of such securities may be sold or publicly traded except in accordance with the provisions of the Act.
Still makes each share worth proportionately less.
Here's the gist: 1) The Surgline financials included are only through June 30, so no revenue yet and not real beneficial. 2) We got diluted pretty badly, and probably explains the PPS movement (or lack thereof). 3) Fong is out as CEO, Toland is in.
I'm guessing the new ticker will be SGLN, and when it switches and all shares are accounted for...ITS TEE SHIRT TIME
Why not? Unless deadline will not be met, right?
Food for thought. 8k states the OS will be 40M prior to deal closing, and 200M after. If it has to be 40M before, and tomorrow is the deadline, wouldn't it need to get to 40M today?
They are not added to the OS shares. The OS does not change as a result of any surgline shares acquired. Their VALUE is added to the CNUV shares, and then they no longer exist.
Yes and yes. Issuing the unissued shares spreads the value of the company over a larger amount of shares, decreasing the value of each individual share (dividing the value by a larger denominator)
Their capital stock "disappears" on acquisition. The value of them is absorbed into CNUV issued and outstanding shares
That is incorrect. It is 1.475 billion shares AUTHORIZED, not issued and outstanding shares. Authorized but unissued shares basically do not exist, unless issued in the future.
Dilution has nothing to do with insider holdings. Not saying there is dilution, just that looking at insider holdings would not give any indication whether or not its happening. Dilution comes from previously unissued shares being issued to the market. Those issuances do not show up as sales by the insiders.
Right, surgline would not use a PR as they are not public.
Could be wrong, but it seems like this is pretty easy to flip between .0028 and .0032 or .0029 and .0033 for approximately 13% gains. On, for example, a 5M share flip at a cost of $14.5K, thats an easy way to make $2K for the people who have the cash to do it. On the bright side, it shows there is liquidity in the stock in that those high 20's buys are having an easy time selling them in the low 30's.
Because 90% of the volume is sell volume.
Hey Stocktech, thanks for the reply. Sorry but I'm not sure I follow though.
Are you allowed to explain why your comments have to be limited? I saw that you have posted that before as well, as was wondering the reasoning. If you are not at liberty to say, I understand.
22 x 28?
That was conveniently walked down to fill the 4M at 25. In my opinion it will get walked right back up the rest of today/tomorrow. Amazing.
Do you mean net income? Yes, $2M in net income would be great and should lead to a minimum of 4x the current PPS.
Indeed. And the best sign that it will happen is that fact that Surgline PR's continue to come from CNUV.
I am the one who posted those options, but all I've been called is a rs broken record
I don't read it as he is buying anything. I think he is being "bought" for a stake in surgline. Surgline appears to be much more valuable, therefore our shares will be more valuable.
I wouldn't use the word only. Basically we are shareholders of both companies, but they will be one company controlled by surgline.
I'm having trouble following how the value of surglines shares have anything to do with the 70%. The 8k clearly states that there will be 200M shares of CNUV outstanding after the deal, of which 70% will be owned by surgline.
I think its Toland working hard to get the VA. He is future CEO in my opinion.
That does not matter and has no bearing on the information in the 8k. It's not 70% of the value of the shares, its 70% of the number of shares. CNUV gets 100 percent of surgline's common stock. Then surgline gets 70% of the 200M CNUV shares outstanding as mandated by the agreement per the 8k. Therefore surgeline runs CNUV. Our shares will be surgeline shares essentially, which is great by me because that company has much more going for it. My opinion is that surgeline is basically giving up 30% of their company in order to get cnuv's shell. What else does CNUV have to offer surgline?
No number to compare the 70% to? It says 70% of 200M.
That is quite deceiving. The PPS does not need any movement by force, it is automatic when the share structure changes.