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.
On addition, Nite is like the loser kid that doesn't just take his ball and goes home, he kicks it over the fence of the yard with the attack dog so no one can retrieve it just so that the game he is losing can't be completed.
Yep. 140 milly shares short and the game resumes. I
OTC has been ruined by mm Nite who's business model is to short 100% of OTC stocks 100% of the time.
SEC does not care. Finra is a paper tiger made up of reps from the same firms committing the acts. DCC is even more so.
Shorting does nothing for any company. It is merely another type of wager that the casino offers.
Safe to say...buying the dip!
He is but only sitting on the bid while telling us the sky is falling.
All I can say to that is WOW!!
Good. You are golden with that long term. I don't think anyone has turned away from those core positions but there has been plenty of action over the last few months to take some profits and put into a gem like ACGX!
Multi bagger opportunity here!
#ACGX
$ACGX
I see lots of folks using some Fannie funds to buy this incredible value stock!
That's because you are obviously unfamiliar with what a merger is and the mechanics of how it works.
The value of the Public company PAWS is not in their previous business model at all. The value is in the financial health and a tidy share structure. A public company with a low O/S and lower float with little debt is of major value to a profitable private company that wishes to become a public company while foregoing the route of an IPO.
Its a less costly and more stream lined approach to obtaining public status.
We are golden here. ;)
Yes sir. Future here looks bright. Have a great weekend!
No doubt someone is short as hell. As usual they have to resort to more shorting. They will be crushed.
I'm sure you are overthinking it.
There is no reason for them to be rejected.
They didn't take the ball 99 yards to miss a field goal. PAWS is running it straight up the guy into the end zone!
No doubt. They need to read the 8k
Current Report Filing (8-k)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
October 29, 2013
Date of Report (Date of earliest event reported)
THE PAWS PET COMPANY, INC.
(Exact name of registrant as specified in its charter)
Illinois 333-130446 20-3191557
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
855 El Camino Real, Suite 13A-184, Palo Alto, CA 94301
(Address of Principal Executive Offices) (Zip Code)
(561) 2746805
Registrant's telephone number, including area code
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry Into A Material Definitive Agreement
On October 29, 2013 The PAWS Pet Company Inc. (the “Company”) entered into a Securities Exchange Agreement (the “Agreement”) with Pharmacy Development Corp. (“PDC”) to acquire from PDC, 100% of the issued and outstanding shares of Mesa Pharmacy, Inc. (“MESA”), in exchange for five hundred thousand (500,000) shares of the Company’s Series D Convertible Preferred Stock (the “D Preferred”).
The closing of this transaction will take place, subject to the prior approval of respective boards of directors of both the Company and PDC, automatically on the earlier of the issuance, by the California State Board of Pharmacy, of a permanent Community Pharmacy Site Permit approving the Company as the new owner of MESA or earlier by mutual agreement of the parties. If a site permit is not issued to the Company within a specified period, the Agreement will be null and void.
The Company is also entering into a royalty agreement, by which the Company will pay 5% of MESA’s net revenue, as defined, until the earlier of the company acquires and cancels notes for $6 million issued by PDC through a cash payment or other transaction acceptable to the note holders, or twenty (20) years.
MESA focuses on providing custom compounded non-narcotic, transdermal topical pain medications that are marketed to industrial health physicians and clinics. MESA has developed a series of topical ointments, in different strengths, that provide the pain relief doctors seek.
Upon closing of the transaction, PDC will have the right to appoint three (3) individuals to the Company’s Board of Directors, which will increase the number of board members to seven (7).
The 500,000 shares of D Preferred are convertible into 325 million shares of the Company’s common stock. The holders of a majority of the Company’s Series B Convertible Preferred Stock shares have agreed to vote to reduce the maximum conversion rate thereunder, in order to offset the new D Preferred, on a fully diluted basis.
The above description of the Agreement and the D Preferred are qualified by reference in their entirety to the copies of the Agreement and the Certificate of Designation for the D Preferred annexed as exhibits to this report.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
10.1 Securities Exchange Agreement dated October 29, 2013
10.2 Certificate of Designation of Series D Convertible Preferred Stock
10.3 Royalty Agreement dated October 29, 2013
SIGNATURE
Pursuant to the requirements of the Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
The PAWS Pet Company, Inc.
DATE: October 31, 2013 By: /s/ Daniel Wiesel
Daniel Wiesel
Chief Executive Officer
Paws! 8k
Current Report Filing (8-k)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
October 29, 2013
Date of Report (Date of earliest event reported)
THE PAWS PET COMPANY, INC.
(Exact name of registrant as specified in its charter)
Illinois 333-130446 20-3191557
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
855 El Camino Real, Suite 13A-184, Palo Alto, CA 94301
(Address of Principal Executive Offices) (Zip Code)
(561) 2746805
Registrant's telephone number, including area code
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry Into A Material Definitive Agreement
On October 29, 2013 The PAWS Pet Company Inc. (the “Company”) entered into a Securities Exchange Agreement (the “Agreement”) with Pharmacy Development Corp. (“PDC”) to acquire from PDC, 100% of the issued and outstanding shares of Mesa Pharmacy, Inc. (“MESA”), in exchange for five hundred thousand (500,000) shares of the Company’s Series D Convertible Preferred Stock (the “D Preferred”).
The closing of this transaction will take place, subject to the prior approval of respective boards of directors of both the Company and PDC, automatically on the earlier of the issuance, by the California State Board of Pharmacy, of a permanent Community Pharmacy Site Permit approving the Company as the new owner of MESA or earlier by mutual agreement of the parties. If a site permit is not issued to the Company within a specified period, the Agreement will be null and void.
The Company is also entering into a royalty agreement, by which the Company will pay 5% of MESA’s net revenue, as defined, until the earlier of the company acquires and cancels notes for $6 million issued by PDC through a cash payment or other transaction acceptable to the note holders, or twenty (20) years.
MESA focuses on providing custom compounded non-narcotic, transdermal topical pain medications that are marketed to industrial health physicians and clinics. MESA has developed a series of topical ointments, in different strengths, that provide the pain relief doctors seek.
Upon closing of the transaction, PDC will have the right to appoint three (3) individuals to the Company’s Board of Directors, which will increase the number of board members to seven (7).
The 500,000 shares of D Preferred are convertible into 325 million shares of the Company’s common stock. The holders of a majority of the Company’s Series B Convertible Preferred Stock shares have agreed to vote to reduce the maximum conversion rate thereunder, in order to offset the new D Preferred, on a fully diluted basis.
The above description of the Agreement and the D Preferred are qualified by reference in their entirety to the copies of the Agreement and the Certificate of Designation for the D Preferred annexed as exhibits to this report.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
10.1 Securities Exchange Agreement dated October 29, 2013
10.2 Certificate of Designation of Series D Convertible Preferred Stock
10.3 Royalty Agreement dated October 29, 2013
SIGNATURE
Pursuant to the requirements of the Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
The PAWS Pet Company, Inc.
DATE: October 31, 2013 By: /s/ Daniel Wiesel
Daniel Wiesel
Chief Executive Officer
Deal is done. It's signed and published.
Glad you saw it. Let's get it out.
$PAWS
PAWS HUGE MERGER 8k JUST DROPPED!!
$25m min in revs! Low float. Current price is .028 valuation says $.54 minimum!!
I'm putting the word out here to our group. This 8k is great. Full confirmation. Full confidence.
Going up!
PAWS just dropped 8k. Merger confirmed. No common share increase all done in preferred.
$25 million plus in revs!!
I've been hitting the ask and it is taking awhile to get filled. Someone is f-ing around.
No increase in common shares. All done with preferred shares.
This is beautifully executed.
The seller here is not quite right.
Paws!!
PC just showed me the DD and it didn't take long to recognize the value here.
We are getting the word out to our group.
Just picked up 500k. Nice call Blue!
Possible yes, but today is the last day of the month. It's time for the shorts to wash trade/cover their positions before they get margin calls. They did this yesterday as evidenced by mm NITE represented the bid and ask all day at the top.
Make them pay folks!! Make them cover on the ask! They won't have enough shares to locate on this low floater. That will put it on the Reg SHO list and they will be squeezed.
All that is just icing on the cake here.
Valuation on PAWS is jaw dropping. Load up if they want to play games.
No need to be a cheerleader here. The company speaks volumes all on its own. Go set up that soapbox at EXM Tee
.05? Buddy this is a screaming buy at $.25 as a valuation based on $25m and the current o/s says this is $.50 minimum.
Buy, buy, buy!
Paws- merger announced. Extremely low float. $25 million in 2014 revs expected at a minimum. Already have received $1.5m in revs from $3m in orders for first month as new company. Current sp is $.03. Valuation says its worth $.50 at minimum.
Weeeeeeeeeeeeeeeeeeeeeeeeee!
Big cash profits. Where are the fatty Matty jokes now?
No doubt feeding off the good news TRT!
Its time.
Ask moved up, very thin too!
When did that air live? Hensarling is grossly out of touch or is still keeping to his witch hunt. He is representative of the problems in Washington, punk ass frat boys that think they read a book because they gleaned through the Cliff's Notes.
Add Bodach to that list. They all have some good insight.
Chee huu!
That just means that it's a great time to buy with any discretionary cash. No need to bet the farm but regular and conspicuous consumption is a safe bet.
Of course. Because with contracts and buy out offers that's exactly what the pps should do on pinks.
Everybody knows pinks are worth more on speculation than upon verification of actual value.
Next PR should be a doozy, something like a $1m contract and a $5m buyout offer confirmation should get this down to low trips right? Then that's where the buy in is right?
Soon? So it was a pumpers delight at .20 then the pumpers reveal that the "real" buy in is at .0009/.001 which is where we are, but you say that we're not there yet?
Lol!
Well there are plenty of buyers that's for certain.
There are strange patterns going on here though.
* all the buyers want to do is sit on the bid
* is the company selling into every pr? Not a way to raise the PPS.
* is there a shorter selling into these past PR? There is at least one that has admittedly done this to hedge his long position.
Why? Because the CEO has lied about promo. We have yet to see any paid promo for starters. 2nd The CEO has claimed that promo was already paid for in cash, $100k yet in the small world we live in an un-named promoter was offered shares, not cash, for his services. Despite all of this, we still see no promotion.
So it remains very puzzling how in two weeks we have seen 2 PR that speak of almost $500k in contracts yet on the release of each all we see is a spike in volume and a declining PPS.
That does not make any sense.
*If you are an insider- why would you be selling as you enter the marijuana market with news of a $250k purchase order?
Why would you sell on the heels of a $200k purchase order for media duplication services? Are these not clear signs of improvement over the last several quarters?
* if you are long- why would you sell at what are merely higher lows? The car you spent the whole summer trying to fix just started up but you don't want to even take it for a ride?
* if you are short- really? Shorting on higher lows with 2 solid purchase orders in place. Last three weeks have shown support at these levels. Just where do you think you can cover?
It seems everyone here is from another planet. CEO once again is clueless on conducting a successful awareness campaign.
1/2 the longs are afraid of their own shadow the other 1/2 on,y want to bid sit.
Old insiders can't see the Forrest for the trees so are selling because they are, lol, jilted, lol, miffed, and are now taking their ball and going home stamping their feet?
And shorters once again are rounding out the cast of characters with a futile round of tug-o-war?
IMO this all goes right back to the CEO and his inability to create awareness and instill any level of confidence.
Hint- the shorter would pull his short if the weak CEO could pull his shite together.
Reality is that it's too soon for advertising any specific pot goods or services as it's not Nationally legal.
But as a pro legal pot awareness campaign from NORML I would not be surprised at all. It's no different than the NRA running a 2nd amendment rights campaign or any other politically charged ads from other groups, Tea Partiers, Libertarians, etc.
How is that different from beer companies that pay for advertising during the Superbowl? The answer is its not.
If you think there is a difference that is 100% the result of the bias you have based on years and years worth of "reefer madness" misinformation propaganda. The media has done a good job of programming you to regurgitate that statement.
Legal pot is the new normal. This is pot's gold rush era.
EXMT may be a legitimate player in the gold rush or it may just be another Johnny come lately looking to ride the coat tails of other legit pot stocks. Time will tell.
But I would not be too surprised to see tv advertising in the near future. There is no logical or legal reason that it would not.
Hell, they advertise prescription drug medications that only a Dr can prescribe....during the Super Bowl!
If you want a real reality and factual check up, the fact is that ingestion of alcohol and prescription meds have killed millions of people where pot has not even one recorded case of being directly responsible for a single death.
Look it up. Stop the lying and the hiding. Pot is here to stay like it always has been, it's just now the truth is finally being SOLD!
DUSS= SEC reporting and current.
CEO has not issued herself shares.
No officers have been issued shares as current CEO is the only one.
CEO has only one priority, to find a worthy merger candidate.
DUSS is as clean as low flow/low OS no debt companies come.
There is no ongoing business here save for the receipt of some minimal royalty payments that stem from the use of limited designs from the former clothing designer Jason Dussault.
THE VALUE HERE is solely in the ultra clean shell.
This CEO has already refused offers from many shady broker/promotors thus showing her integrity, a rare commodity in an ocean of con-men and charlatans.
She has no loose lips. She keeps it all under wraps. No insider info, no leaks, no BS.
This is a no nonsense play with the only caveat being that there is no indication of when a merger or acquisition will be announced. It has been 13 months and counting.
No shares diluted in this time. Check the fins. It could happen tomorrow, next week or next month, but it IS going to happen.
The volume here is thin. The float is low. When the announcement is made this will move on air.
FYI.... EXMT short volume was 14m shares yesterday. NITE was actively on the ask with a fake 10,000 share size. I believe NITE was shorting or someone routing through NITE.
40% of the volume was shorted according to:
www.otcshortreport.com/EXMT
This makes me feel a bit better about yesterday.
The real ask volume is thin, traders need to sack up IMO.
Sunday drivers...lol, yep.
$EXMT