- It's better to try and fail, than fail to try!
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Nobody you listed! The Auditor is in charge when the 'K' gets released. 2015 was a cluster so KJ's done his bit by getting an auditor. The CFO brought in will do the donkey work so that the auditor can sign off on it. If the CFO has to get something to satisfy the auditor, I don't suppose it's a case of opening the top drawer and getting what's wanted in a timely fashion. It takes time to dot the i's and cross the T's pretty simple really.
" He is off by weeks. That concerns me. Is he still running this company or is our Chinese partner?"
FWIW I'm sure the rest of the tranche 1 money hasn't been paid yet or it would have been splashed all over twitter (and maybe an 8k). I wouldn't mind betting that the rest of tranche 1 money will start filtering in after the outstanding filings have hit (within next 2 weeks) and the bad news has been factored into the market.
The time to buy will be on the major dip I expect after the deliquent filings hit and the time to sell will be after tranche 2 has been paid in full, before the R/S is implimented. JMO & Happy trading
You can go to virtually any 'Q' or 'K' filing in any other OTC POS company and a disclaimer message with similar narrative can be found. Just wait for the truth in the upcoming filings to be delivered and you'll get your plunge down to previous YTD low levels. Only 2-3 weeks to wait. JMO
Many thanks for clearing that up. I'm just sorry for existing shareholders because I think it's going to be a long old wait to get their money back. JMO
It's going to be at least 982m O/S according to the merger notes on page 34 para 1.13 if I'm reading it right. Horrific merger of just 2% (holy cow) for existing shareholders. LOTE RIP! JMO
edit: And then 7.2m after the split? Is that correct?
Not bitter, don't have any skin in the game currently. Just pragmatic after a 10 year OTC POS apprenticeship. If I'm wrong I'll get back in and make a little less money than I originally thought, no worries either way.
Further delusion on the board over the weekend. CDNL is not going to see anything anywhere near a nickel before the R/S (within 60 days of tranche 2 etc etc) so get real. The new O/S (and the 800lb gorilla in the room, Tangiers etc) is going to put paid to any hopes of a double figure pps. Get ready for dubz 4's sometime soon JMO
PGA Championship picks are: Stenson, Zach Johnson, Garcia, Matsuyama, Mickelson. 270 MTIA
Going to be a nice 'right side of the cup' when it happens (6 month daily)
Patience has served me well here but never thought I'd be seeing single digits. Not sure where the bottom is now! JMO
I won't add here until we get dub4z again, unless momo turns on positive projects update (Tranche money infusion etc) I'll be back for Q2 filing though! JMO
A little OTC experience is needed here. Ever wondered over the last 2-3 weeks where all the volume and Ihub's finest posters have gone? Well they've ditched this and gone on to other things. They will return when CDNL's pps has tanked after it's in a black and white filing that the O/S is now over 500 million shares. I suggest you all do the same, but don't follow them imto something that's already ran a few hundred %, better to wait for the proverbial 50% haircut. JMHO
Congrats Dale, congrats Stenson, and many thanks to Elis Coming and Seminole Red for your time and effort in brightening up my weekends.
Haha works every time, Stenson back to -10 after double bogey and Phil still -11.
Not sure how Phil is still -11 he just can't hit a fairway. Rory's had a nightmare along with Day, and Justin just double bogied a par 5. Haas, Garcia and Stenson are digging in. Toss a coin for who's gonna win this one? I'd have to say Stenson at this moment.
Yep, even the rain can't put him out
still 3 in front though at -10, I'll take that going into the weekend
I hear ya, the elixir of life, enjoy
Just hope he keeps it up cuz he's one of mine. Horses for courses hopefully
Kaymer just gone -7
Royal Troon: Weather not as bad as expected, horizontal rain staying away (but light drizzle). Zach going well -6, playing with Scott and Stenson.
I seriously hope your comments on Q2 revs come to fruition, however I believe that the lenders agreed to 4% because that was the bottom line to staying afloat! I am completely out now until the ship starts to turn around. Good luck and hope you make a bundle! JMHO
Yep agreed, that's why I went for 279 as a breaker, it might even be higher?
Forcast for tomorrow, horizontal driving rain in the face of the first tee, yuck!
yes back 9 is sorting everyone out but best back 9 of the day so far (I think) is Rose, 2 birdies no bogeys.
Yep, but great first 9
Some SA geezer Haydn Porthouse -6, 2 x Eagles and 2 x birdies (no bogeys) first 8 holes, never heard of him? Easy game this golf, lol.
I lived in Scotland for 3 years and the weather could turn on the flip of a coin, lol. I'm following the news and can see that it's become overcast and cloudy in the last 40 minutes. Apparently Monty is teeing off first. Enjoy the golf, hope it's a hoofing 4 days.
That's just B/S IMO. The reason the pps is down here (and gonna fall lower) is that the pps resets to the latest exercise price of the warrants and is then compounded by weaker revs than anticipated. That creates a situation where interest payments can only be paid by shares instead of cash (dilution). Even Dan admitted (in the last CC I think) that the company was underperforming from his expectations. I think the only way out now is a buyout 2-3 years down the road (after the next R/S and debt is under control). Time to wake up! JMO.
"Posters who have sold their shares trying to create fear so the pps will go lower"
Watching TV and Royal Troon 6:30am, looks glorious! (and I thought it would be blowing a gale). Oh well, onwards and upwards
Agree 100%, there's people here who want spoon feeding every day and that isn't how businesses work. I hope they don't rush the old filings just to appease the whiners but get em 100% right (so they don't have to be restated again next year) and deliver the old filings just before the Q2 filing date in mid August. JMO
"Some folks think there must be something wrong to take this long and sold out, but in reality this is a complex issue and takes time to get it all sorted out to satisfy the auditor."
I thought you said you don't have insider information so how do you know what's coming, just askin?
Agree 100%, but I fear your common sense will fall on deaf ears.
"Twitter i feel is abused and all this hassling a CEO whilst he is trying to get the company sorted is both selfish and counterproductive to positive sentiment. KJ is just a little too accommodating of all the questions and people take advantage of this.
Now we are all aware a time frame has been set for the releasing of the much anticipated financials. Lets get them released , reevaluate with current and up to date information and lets see exactly where we are instead of all this unsubstantiated speculation."
Nobody will be more happy to see a filing saying Tangiers is toast but I think you're dead wrong and I hope you aren't betting the farm on it. Also I suggest you protect yourself by putting IMO after your posts, because anyone buying on your speculation that you're portraying as fact has good reason for retribution, as I'm sure they're saving every post that you make as a jic. JMHO
Royal Troon 5: McIlroy, Oosterhuizen, Garcia, Matsuyama, Mickelson. 279
MTIA and Good luck everyone
I'm sorry but you're wrong Tangiers Capital is a toxic lender and serial diluter. You need to do some DD on Tangiers Capital and it's subsidiaries. I'm not saying Tangiers is responsible for the recent sell off but until Tangiers is bought out the pps will never see any meaningful traction so that is the filing I wanna see! JMO
It's a bit of a dichotomy, clarity against content. It's certainly going to be an eye opener for everyone concerned. The good thing is, it has to be out this week because 8K's have to be filed within 4 working days of a material event. Lubbly jubbly
I'm not so sure, there's a little panic selling going on here I reckon, which could turn into capitulation at any stage as people approach where they bought in originally. FWIW I don't see the bottom around these current levels (dub75's) JMO
I look forward to you and sean having 'a conversation' about it, lol. GLTUA @ ECIG
Let's see what the market thinks about it
Blimey that looks like a good deal to me but I'm just a layman. Any heavy hitters want to comment?