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Man this is t h i n ! No shares being sold.
I look at the post and doubt, then I see you sent it and I get a big smile on my face, because bashing is what you do. No DD, just "the sky is going to fall!"
"May" is not a date, it's a timeframe.
But hey, I can wait another month.
So what's the date? Headline says, "date set," then doesn't give a date.
I see those 14's disappeared...for now, but still mucho interest in bidding this!
Go ahead. Look at the massive bids and tell me this ain't going up!
30,000,000 share bid @ .0012!
Getting ready to pop. Retrace to .008 level likely in the near term.
A tree swaying in the wind is not TIMBERRRR!
10-Q just out. Getting current!
And now we are told to disregard the disregard notice. Or rather that the disregard notice posted this morning has been deleted.
And now we are told to disregard the disregard notice.
I'm guessing it's real, but having AEXE on it by accident is off-putting to most. We'll find out soon enough. It sure makes sense though.
The release says it's an investment, not a loan.
Taking a while to digest the info. That time of day before PH when few following closely. It'll catch up soon!
Good move on Kroger's part. They'll surely be exclusive supplier to TRU Foods.
You might have the wrong info. Here's what just came out on SWMM:
Item 5.01. Changes in Control of Registrant
On March 14, 2018, Lawrence and Loreen Calarco, officers and directors of the registrant, the Lawrence & Loreen Calarco Family Trust and the Lawrence and Loreen Calarco Trust of June 3, 2014, majority shareholders controlled by Lawrence and Loreen Calarco, sold 51,711,571 common shares and 1,562,500 preferred shares to MAAB Global Limited, a non-affiliate of the registrant, paid from Bruce Bent, officer and director of MAAB Global Limited’s personal funds resulting in a change of control of the registrant. The stock was transferred to MAAB Global Limited effective March 14, 2018. The 51,711,571 common shares and 1,562,500 preferred shares represent 62.35% and 100% of the currently issued and outstanding common and preferred stock of the registrant, respectively.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
On March 14, 2018, Lawrence Calarco, Loreen Calarco and Charles Dargan II resigned as officers and directors of the registrant. Additionally, on March 14, 2018, Jeffrey Michel and Randy Sofferman resigned as directors of the registrant.
On March 14, 2018, Bruce Bent, age 62, was appointed as Chief Executive Officer and Director of the registrant. He will stand for re-election at the next annual meeting of the shareholders. There are no material arrangements to which Mr. Bent is a party, and there is no family relationship between him and any other party connected to the registrant.
From September 18, 2017 to present, Mr. Bent has acted as Chief Executive Officer and Director of MAAB Global Limited. Mr. Bent is President of Matthews Development (Alberta) Inc. a Canadian based project management company and is Chief Financial Officer of Matthews Acquisitions LLC, a holding company for the Matthews Group of Companies in the United States. Mr. Bent is Chairman and Director of Enerdynamic Hybrid Technologies Corp, a TSXV listed company.
From yesterday's close at .009 to today's close at .01, that's a gain of 11.11%.
Gettin' current!
I don't think they'd announce share buyback until the notes were all converted.
What does this mean?
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This product will work 30% plus of the time just from a placebo effect. The science of this has potential to work as well.
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It's trading like nobody wants to sell. Locked up.
BIIG reversal underway. At the very start!
And when the DOW goes down, commodities go up! Like orange juice, and wheat, and gold, and LNG! lol!
Imo it's just the influence of the drop in the broader markets. Last Friday and today, big drop in the DOW, and to many, that's representative of all stocks! lol! Won't last long.
For God's sake, think! If they have all the $$$ they need with loans, then why oh why would they ever think of going public!?!?! There would be no....absolutely NO REASON....to go public. But either: 1) those loans come with too many unacceptable conditions; or b) the conditions of the loans themselves dictate that they become a public company! (with the possibility of a capital raise that goes with it). Nobody lends billions of $$$ without making sure they'll be paid back, one way or another.
Okay, I see you got it.
How are they going to raise $$$ if they don't add shares to the A/S? Do you think they'll leave the legacy shareholders (us) alone and sell off their own shares, thus diluting their ownership? I wouldn't if I were them. No, they'll need to come up with millions of shares which they can sell into the market in order to raise funds, and they won't be tinkering with their own percentages of ownership, they'll be tinkering with ours.
Did you see the movie, Social Network about Facebook? One of the original contributors (I forget who) signed an agreement accepting the shares he was offered as fair payment for what he'd contributed to fb. Only thing is, he didn't notice that his shares were different from Zuckerberg's. After a round or two of financing, his shares were diluted to a fraction of what they had been, while Zuckerberg's were non-dilutive.
Still, it's a very good deal for us, because the legacy shares will still be worth mucho $$$!
I once had a boss who was wrapped up in percentages. Too much so. As the worker I used to get a certain % of each job, where the cost of materials fell within a certain range of a % also, meaning his take was usually the same % of each job. Well one day we got a job that used 3X the % of materials, but the job went 6X as fast. He got all bent out of shape because the % he got from the job was about 1/2 of what he usually got, EVEN THOUGH THE AMOUNT WAS 2X MORE! He lost sight of the ultimate goal - make $$$!
DON'T GET LOST IN THE PERCENTAGES. 3-5% of a multi-billion $$$ company is worth way more than 24% of an empty shell.
Basically worthless? Not by any stretch of the imagination will they be "basically worthless." Let's say (for the sake of example) that with any kind of restructuring after a R/M, the original shares of the float (approx 24% of the total) end up being 5% (very conservative). That would make the new total SS approximately 2B shares (or so). Figure an arbitrary (but realistic) market cap of $10B, that would put ALL SHARES (original as well as new) at a price of $5/share.
Never forget that a small % of a HUGE PIE is worth way way way more than 100% of nothing.
Of course "not exactly." My example wasn't meant as a blueprint, anymore than your "$100" example was meant as an actual possibility.
A private firm with BIG plans bought the TGL* shell and may do a R/M. NPHC is nothing like that.
I've thought about the same things you bring up. Here's what I've come up with:
1) Speed. When becoming public needs to happen quickly, a R/M is the way to go.
2) Cost. An IPO will generally cost 7-8% in commission fees, along with (in the case of a larger IPO) fixed fees of $3-$5M, so say a total of 10%. So in your example, I have $100 of a private company, sell 30% to the public, but only get 20% ($20).
3) Security. Public companies, being subject to so many reporting rules and regs, generally inspire a lot more confidence in investors than private companies, unless they give up some control to the investors.
4) Control. After a R/M, it would not be difficult to manipulate the share structure to a) maintain a tight grip on control, while b) decreasing the % the existing shareholders own, and c) raising all the capital the market will bear. So I would fully expect that the 24% (or 30%) of the common shares in the float would get decreased down to 5-10% or thereabouts, and VOILA! you're at the same "cost" as an IPO.
In conclusion, in your example of a private company with $100 doing a R/M, taking 70% of the existing public company, converting their 70% (or portion) into Preferred Convertible Voting Shares, doing an A/S increase, thereby a) raising capital, and b) diluting (thereby lessening) the % of the total O/S of the original shareholders. They own $70 (which can be converted into 70% of the new total - say they raise $1M), and we, the original shareholders, now own 5% of the new total (5% of $1M = $50,000). How it falls out by R/M? They own (by converting Preferreds back into Commons) $700,000 and have control. We own $50,000 with no control, and they've raised $250,000 with which to bring their plan into fruition. OR - they can stay private and be worth the WHOLE $100.00!
That's how the public markets work!
They would only "retire" them as in exchanging them for Preferred Shares, which would not only maintain their voting control of the company (Preferred shares have more voting rights than Common), but would also be exchangeable back into common shares of the company, based on a prescribed formula with accompanying conditions.
Exactly! And all the $$$ they raise from issuing shares will be $$$ that becomes the company's. So whatever the company is worth, after they raise, say, $2Billion by issuing shares, the company will be $2B richer.
I've been thinking about this "plenty of Chinese financing" for a while now. Since financing is usually cheaper than capital raise, why would Delfin give away ANY ownership if they have all the financing available they need? A few reasons I can think of to line up the POSSIBILITY of going public: 1) The Chinese financing is not so definite (seeing as how competitive the LNG market is at the moment); 2) with the "threat" of raising $$ by going public, they can get better terms/rates with that Chinese financing; 3) Going public will give them more freedom than going entirely with Chinese financing, since that financing would certainly come with strings attached; 4) any combination of the above, or other reasons I haven't thought about. In any case, I have a tendency to think #3 (with a little of #1 thrown in) the most likely, which is why I'm long here.
Another question: how high do you think the POSSIBILITY of Delfin R/M'ing into TGLO can take this price, without a definite decision, which would be evidenced by a filing? I've thought $.50, without a filing, because after a filing, all bets would be off!
Someone's desperate to be right! Down 7%.....that is so down!
108K
So the "cost" to Delfin (in this very possible scenario) is .105/1.105 =9.5%. If they went IPO: 1) it would take months longer, putting them behind their now head start; and 2) it would cost 7% commission + fixed costs of $3M - $4M, which at the amount stated above would mean a total of 7.5% or so. That's their costs to do an IPO. So by reverse merging, they're giving up 2% in additional costs to get the speedy way to public market. If they raise 2X my example, that percentage they "lose" drops to 1% additional cost.
Now in the above scenario of a $10B capital raise (with 1B shares @ $10/), the original Delfin principles still own 71%, meaning the offering would effectively discount the subscription rate by that percentage (71%). And the market will take that into account. $10B investment for a return of billions over the years (or at least 29% of billions).
But we got in early, so it's win/win/win.
Sure, if they merge, they'll convert their majority shares to "super" preferred stock, which can't dilute; then they'll do a capital raise, of which our shares will be an already-existing portion. So, they've "given away" 24% (approx) of already existing common shares. After they do the capital raise, those 24% will be much diluted, but still worth mucho dinero!!
So say the 24% means approx 105M shares. They issue 1B more shares and raise (@ $10/share) $10B dollars. So there'll be 1.105B shares total, and we who bought at pennies will make out like bandits, while Delfin will get all the $$$ they want/need to get their mega-project underway, completed, and operating.
Did you see the movie about facebook? The one guy/partner of Zucherberg got stuck with diluted shares (still worth millions), while Zucherberg kept the non-dilutitive shares.
I'll take it!