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.
"Stockholders’ equity of at least $5 million
Market value of publicly held shares of at least $15 million
Two years of operating history"
Let's go with your premise.
"Stockholders’ equity of at least $5 million"
Did you go over the balance sheet?
Shareholders' equity: (in thousands)
2012: (9,758)
2011: (12,971)
2010: (1,745)
2009: (1,181)
2013: $5 million?
Either by net income or shareholders equity, it ain't gonna happen anytime soon. Unless there are exception we're not aware of in the full NASDAQ text.
"Game is a foot."
LOL. That guy, a surgeon, on Survivor thought he was a player but got played by the ladies. They kept him around long enough until he was no longer needed. String-along tactic perfectly played by the ladies team.
Pink Sheet and OTC 101: Are you a player or are you getting played?
"I'll be back."
GLTA.
"Not quite that bad..;)"
IMO, it may be worse. Keep in mind that they dumped $54.8 million into the market in 2012 and only announced it after the fact in the 10K.
How do we know they're still not dumping shares in addition to their announced financing rounds?
MSLP is a real company. Selling real shares.
$5 --> $11.55. Classic walk-up.
$11.55 --> ? . Classic bear trap.
Avocet, my friend, I’d like to give you a present. Please let me know which colour you prefer:
http://4.bp.blogspot.com/-psQKxolOsU8/TgPs2CyWLAI/AAAAAAAAA-0/bb3EBqA39CE/s1600/IMG_4653.JPG
Bend over Deep Space. Uncle Brad’s got surprise for you: Another round of dilution!
Ouch!
http://i.cdn.turner.com/si/multimedia/photo_gallery/1107/ouch/images/gustavo-cuevas46.jpg
MSLP NASDAQ Capital Markets (SmallCap) Listing
Just going by the Net Income Standard criterion alone ( refer to original post for others).
"Under Net Income Standard, a company must show net income from continuing operations of $750,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years, stockholders’ equity of at least $4 million and market value of publicly held shares of at least $5 million."
Income
2009: (1,913)
2010: (19,569)
2011: (23,281)
2012: (18,953)
2013: $750,000 profit?
MSLP Fiscal Year End 12/31
They would have to turn at least a $750,000 profit in 12/31/2013 FIRST, then apply for a listing after their fiscal year ends. Since they've been late with their 10K (90 days), the earliest is Feb. or April 2014. Again, assuming if they're able to turn a profit.
Unless there are exceptions we're not aware of, it doesn't appear MSLP will qualify for the NASDAQ Capital Markets listing in 2013 based on the fiscal year requirement.
Hallelujah! Hallelujah!
It's finally alivvveee!
In stinky pinkie land LOIs (letter of intent) and MOUs (memorandum of understanding) are worth as much as the paper they're written on.
The only factors, IMO, holding up GGCO are $13 million in mining equipment asset and producing gold every month. Otherwise, it'd be in the sub-pennies by now.
$GGCO
Down 25% on 3,700 volume
3,700 x .0241= $89.17. This doesn't say much, except maybe someone wants to manipulate the price or needs lunch money.
The other day it was up 45% on 280,000+ volume. This stock has a habit of running in the summer months.
"Another gold mining company www.foundersmm.com ( who's CEO is on Sikafo's Gold Mines Board of Directors, his name is Shawn Harrison )"
The CEO of Founders is NOT Shawn Harrison. The CEO of Founders was Lars Erik Dahlberg; it's currently Joseph Maher. Shawn Harrison is a veteran civil engineer who specializes in gold mining, thus he advises gold companies.
Again, DD.
To confirm this: http://www.foundersmm.com/
LGBI has stopped filing with the SEC. The last SEC filing was in Sep., 2012. The company had no asset, no revenue, and no cash on hand.
Company Notes
Formerly=ReBuilder Medical Technologies, Inc. until 8-2012
Formerly=Sycamore Development Group, Inc. until 3-07
Formerly=International Mart Corp. until 11-06
Formerly=Nupac International, Inc. until 4-03
Reporting Status: Dark Alternative Reporting Standard
Audited Financials: Unaudited
Stockable's DD doesn't sit well with me either. Christopher Esposito, Managing Director, Lionshare Ventures LLC, Browbeating a copyrighter over $250, then intimidating her with death threats to recover $500 worth of finished work? Either cheap or doesn't have the money.
Their 450,000 ounces of gold claim still needs to be "verified." The only way to afford that type of work is to run the stock up and dilute.
I'm sitting this one out for now.
http://www.ripoffreport.com/lionshare-ventures-c/investment-brokers/beverly-massachusetts-1de94.htm
GLTA
"...all just a scam to fleece the shareholders and make management money regardless.... just the fact that the IP address for their alleged gold company foundersmm is the same as ICTY tells the tale here..."
They absolutely, positively do NOT share the same IP address.
“Do your own DD” means exactly that. Do your own DD (due diligence)!
www.foundersmm.com, www.ghanagoldcorporation.com, and www.ictygroup.com do NOT share the same IP address. They share the same domain registrar, GoDaddy, which is the world’s largest. Wild West Domains, LLC is owned by GoDaddy. Visit Wild West’s website, http://www.wildwestdomains.com/ , and you’ll notice at the bottom:
“2013 Go Daddy Operating Company, LLC. All rights reserved.”
GoDaddy has over 55 MILLION domain names under register, including Founders, Ghana Gold and EyeCity. GoDaddy offers mail, webhosting, DNS, website creation, secure server, and other services. Those three companies are using some of GoDaddy’s services. So, of over 55 million domains, what is the chance that 3 separate companies have GoDaddy as their domain registrar? Extremely high--more likely than not.
Could it be that GGCO and Founders websites have similar layouts because they’re using GoDaddy’s website templates?
I’m using Ubuntu Linux 10.04 LTS:
--traceroute www.foundersmm.com
(97.74.158.128)
-- traceroute www.ghanagoldcorporation.com
(50.63.122.1)
--traceroute www.ictygroup.com
(72.167.232.159)
Because GoDaddy (headquartered in Scottsdale, Arizona) manages the domains and web services of those companies, they’re somehow involved in a scam together? What about the other 55 million domains that use GoDaddy’s services? Because GoDaddy is the world’s largest domain registrar, the chance that several companies using its services is extremely high, more likely than not. The fact that they may have the same mail server IP address indicates that they’re using GoDaddy’s mail service.
Look at Network Solutions Whois info. below. Anytime you see “Scottsdale, Arizona 85260”, it’s GoDaddy’s address, the company supposedly BEHIND this scam according to your theory. Notice again, they don’t have the same IP address.
http://www.networksolutions.com/whois/results.jsp?domain=ghanagoldcorporation.com
http://www.networksolutions.com/whois/results.jsp?domain=foundersmm.com
http://www.networksolutions.com/whois/results.jsp?domain=www.ictygroup.com
I'll go over the financials next week when I have to see if it's a possiblity or another string-along tactic.
They may have a hard time meeting the "Net Income Standard" criterium by the looks of it.
--------------------------------------------------------
NASDAQ Capital Markets Lowers Initial Listing Requirements to Benefit SmallCap Stock Listings
The NASDAQ Stock Market received approval from the SEC on April 18, 2012 to lower its initial listing requirements for its Capital Markets listing tier. The stated purposes of the changes were to allow NASDAQ to compete with the NYSE’s AMEX listing and to benefit Smallcap market entrants. We summarize the new standards below.
The existing rules required that a company seeking to list its securities on NASDAQ must comply with a host of quantitative and qualitative initial listing requirements, including, among others, a $4.00 per share minimum bid price requirement. Under the new rules, a company that does not meet the $4.00 per share minimum bid price requirement may still list its securities on NASDAQ if it meets all other initial listing requirements and:
• evidences the $3.00 minimum bid price and qualifies under the Equity or Net Income initial listing standards, or
• evidences the $2.00 minimum bid price and qualifies under the Market Value of Listed Securities initial listing standard.
Under the Equity Standard, a company must show stockholders’ equity of at least $5 million, market value of publicly held shares of at least $15 million and two-year operating history.
Under Net Income Standard, a company must show net income from continuing operations of $750,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years, stockholders’ equity of at least $4 million and market value of publicly held shares of at least $5 million.
Under the Market Value of Listed Securities Standard, a company must show market value of listed securities of at least $50 million (current publicly traded companies must meet this requirement and the price requirement for 90 consecutive trading days prior to applying for listing if qualifying to list only under the market value of listed securities standard), stockholders’ equity of at least $4 million and market value of publicly held shares of at least $15 million.
In order to avail itself of the alternative minimum initial bid price listing standard, the company must demonstrate that it has net tangible assets in excess of $2 million if the company has been in continuous operation for at least three years, or of $5 million if it has been in continuous operation less than three years.
http://www.corporatecapitalblog.com/2012/05/nasdaq-capital-markets-lowers-initial.html
Come one, dude.
To simplify matters, the possible market value is 450,000 ounces x $1,550 per ounce. Otherwise we need to add the cost of the wholesaler/distributor and other expenses to the equation on top of those mentioned, then we get into:
"Divide that by 40 million shares = $12.45 per share."
But it's not really worth $12.45 per share for a nice profit because there's commission, local tax, state tax, federal tax. Or maybe there's no tax if the shares were bought in a tax-free account. If we stick to market value, it simplifies matters.
I do get your point, though.
"What will the future of FUSE SCIENCE BRING???? The Billion Dollar/PENNY STOCK Question!!!!!!"
We will soon find out, my friend.
On the subject of hooooo, you gotta be a hoooooo in stinky pinkie land. Otherwise you'll end up getting played, as many DROP shareholders who bought above $.50 on the hype have found out. For those people, learn the rules of stinky pinkie land. I hope the stock goes over $1.00 so they can all make their money back.
You sure spend a lot of time on a board you have no financial interest in. Any particular reason?
Yeah, baby!
EnerJel + Reebook Crossfit = $DROP
Management should be pimping this angle. 2,800 US locations; 5,000 worldwide.
http://reebokcrossfit5thave.com/
If Fuse announces that it has signed a national distribution deal with 7-11 to place the drops at the POS at 7-11 or it has signed a big pharma deal, then I've hit the jackpot and won't sell a single share, either.
Until then I'm classifying DROP as a stinky pinkie with big potential.
$DROP
"I would guess, my friend, I have more shares than you."
You'll never know.
I only reveal my losses and gains in relative term (percentage) and never absolute term (dollar value). I'm comfortable with how much money I have and don't need to brag about it.
Well, then I apologize. The impression I've been getting is that Fuse is a scam or dubious company because people aren't able to locate its address and they need to verify every single detail of its operation.
I can sympathize with you but timing is sometimes everything in the market, especially in stinky pinkie land.
HSmith,
Let's be a bit rational here. Look at the people involved with Fuse. Study their background and work experience. Did these distinguished individuals all have an epiphany at the same time and decided to pull a national scam?
On top of that add Tiger Woods, DJ, and other top tier athletes to the fold
Not buying the scam angle. I can taste that DROP money now.
$DROP
http://fusescience.com/management/board-of-directors
http://fusescience.com/management/management-team
"One of them, (in the Tapajos region) had test results of 0.68 - 0.75 grams of gold per ton with a range of 0.46 grams to 1.55 grams per ton-this is great news, because the preliminary estimates of the reserve are about 450,000 ounces. "
450,000 ounces x $1,550 per ounce = $677,500,000 million.
That would be H U G E.
My thoughts exactly. LOL.
Please do some DD and read the old posts. I announced I took an initial position at $0.05 and said to wait until the stock dropped 50%-99% before establishing a full position. It's all there if you would just do some DD.
"Looks to me like it is still down $1.471!!"
The $1.47 pps was in another era. GGCO is at $.029. If someone averaged down at $0.022. Are they up or down?
I'm not really good at math. Maybe you can help me out.
LOL. You've got some def humour. (rimshot!)
The fear is so overwhelming on this board, I can just taste that DROP money.
Looks like the Chinese like fish in their diet.
My opinion, if it's worth anything to you. If I was in this deep I'd grind it out until the FN announcement or FN listing.
It makes no sense to throw in the towel now.
In the last 30 days or so, I noticed that someone didn't like GGCO closing below $.02.
When a stock is up this much on no news, something is usually up.
I've got a lot of DD to do before this bull market ends. Not gonna make money hanging out in a board I have no financial interest in.
Yes, it does take a certain zen madness to be a contrarian.
Have fun. Do your own DD and make your own decision.
Did someone just spike Koolaid?
Honestly, I hope you aren't comparing MSLP to Microsoft. Please tell me you're not. Microsoft was a cash cow from the get go, not a money pit, dilution machine like MP.
The reason Warren Buffett didn't invest in Microsoft was he only invests in industries he knows about. He doesn't understand tech. Only invest in what you understand, is one of his mottos. However, he's recently taken a big position in IBM.
Have fun everyone. Do your own DD and make your own decision.
I don't remember the exact details, if the bridge loan was $1 million and the equity financing was $12 million or the other way around. Or even Dr. Frost's exact ownership. Whatever the number, it's a pittance to his overall wealth.
Like Deep Space said, I'll let you MSLPers go back to doing the Macarena:
LOL.
They originally asked for $20 million, got $12, then got another $6 million, not needing the original $20 million. This could indicate that they've cut some costs. Or they could be back to dumping shares on the open market to make up the difference. We won't know until the 10Q. This is a curve ball.
Plus if you're holding shares, I would not rule out a surprise buyout offer at this point--bring MSLP into the Opko fold. Just wild speculation at this point, though.
We'll see what my Zen says.
I'm a long, but not a "hardcore" long. That would imply I like management's Koolaid and I never do, especially in stinky pinkie land.
I've said this a few times already.
--I'm using the 40K sales in the Dec. quarter as the baseline.
--writing off the March quarter (one just ended) because they had legitimate problems (new sales team, production problems, raising cash...)
--if there isn't a 1,500% sales increase in the current quarter (ending in June), then I'm selling 50% of my shares.
I have read some of Bgrass' posts from over a year ago. Some of the concerns he addressed then are as valid as they are now. The differences are that now the products have been refined, we have inventory, cash, team of top tier athletes, and a marketing guru.
There should be no more excuses. If management can't pull it off (Reebok Crossfit angle alone) with the pieces it has in place now, then there is something very wrong.
$DROP
I haven't been keeping up with all the details since I'm no longer a shareholder. People were writing NASDAQ so I assumed NASDAQ. Not sure of all the particular details.
I've been green three times with MSLP already. Hold down the fort for me, buddy.
You're right. Unlike the last 16 quarters, the next quarter will be different. Trust me.
Keep holding down the MSLP fort for me while I pillage and plunder somewhere else. When the time is ripe, I'll be back for my MSLP loot.