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Im not cryin...im saying to trade it on swings....too much talk about due diligence. Clip it and flip it
Has to hold .0022-.0024...if not its the land of trips. Problem is that the convertible holders have no floor...they make money every conversion regardless of share price. So even at .0001 they get a 40 pct discount and double up.
I tried to warn them....ohhh but im the bad guy...More due diligence may help perhaps?
Once again...big guy on the boards. Looks like i was spot on here...Kaboom=Conversion=60% loss in 2 days. If you knew anything about my situation with LATX you wouldnt be laughing. They arent...thats a promise. Im still hoping you will grow a set and come see me or ill see you. It will be such a pleasure...
I agree...thats why it pains me to see these goons talking about due diligence and new locations opening. This pressure is all due to debt conversions...its the only way they can keep the creditors at bay.
No problem. I have the answers to most of your questions. I just dont post them here as I only get attacked by certain posters. So contact me when you want ill give you what I have. That goes for anybody else as well.
BOBK you can ask me anything you want 561 749 4450 call me anytime
FB
Cant compare the 2 ace. Latitude has poured millions into the company....Ill make you another bet...lets see who file bankruptcy first.
They arent 50 mil in the hole now are they? Do the execs there take 1.6 million dollars in pay? EACH!! This deal lost millions in market cap...and they paid themselves handsomely....go on
Yes financed by Mr Rourke and Tatu from Fantasy Island!
Im not corporate ads ace....Thats Harry from Michigan. Im Mirador Consulting...which I shut down over a year ago. Get your facts straight.
Thats all i was saying...guys preaching about due diligence and great company etc...if you can read a Q or K you have to see that they are in a huge deficit. If they dont do a significant cap raise i dont see any protection outside of a bankruptcy.
CEO took 1.6 million in pay last year. Did he purchase anything significant compared to his pay? NO. Every 3 weeks you will get one week when converts stop....then it starts right back up...trade in and out accordingly. When a stock crashes from 2.50 to sub penny its not because its a good company...trust me id love to see these guys turn it around because a lot of people got hurt here.
Zeus...no offense mate but they are 10s of millions in the hole. Do you think thats the only convertible?
Shows how little you know Mr Anonymous tough guy. LATX new round of conversions hitting now. UPZS brewhouse open in Jan in San Diego. Keep flapping.
That is truly comical...ok ill leave you idiots alone to get smoked even further. I cant play on the short bus with fools. You will see sheeple...you heard it here first.
Heres a new term for you to learn..DEBT CONVERSIONS....next round of conversions send this to the land of TRIPLE 0001. How do you make an 8.5 million dollar acquisition with 40 mil in shareholder deficit? Whos funding it? Mr Rourke from fantasy island?
I understand this....there is always an incubation and integration period. Im not doubting that the company intends to merge with MLB...im simply asking if the transaction has been FINALIZED. In light of the newest round of serious financial struggles, lawsuits, going concerns and a serious roadblock in capital raising due to the massive increase in shares outstanding and share price decline this is possibly putting the deal in jeopardy. Thats why you havent seen finalization when the deal was LOI announced 6 months ago. Capisci?
ONCE AGAIN...can anybody produce a legitimate document showing that the transaction has been completed and that MLB is wholly owned by LATX? If so i would be ever so humbled....anyone? anyone? Buehler? Buehler?
LOL i wasnt being clever. Thats my real email
Furthermore....I never accused anyone of anything. I merely asked where you see anything that confirms the finalization of this deal. I got a "trust me and watch" from prophet. Is there anything, ANY CREDIBLE DOCUMENTATION that this deal is inked and firmly on the books? I for one would think that if it was done the company would proudly announce its completion. Im not attacking your stock...the company or anyone else. I JUST WANT CONFIRMATION. That is called prudency, common sense and due diligence.
Material event sunshine...i know my regs very well. When they inked the LOI there wasnt a going concern as far as eviction filings on their properties. What happens to MLB if Latx gets the boot from their properties? You think MLB is going to say,,,hey dont worry about it...we will find a new house?
Prophet I dont do pvt msg....if you want my info email me at Iownthisfailure@gmail.com
They have also hung their shingle on 6 abandoned and UNPAID projects. Over a dozen lawsuits from fraud to music infringement to unpaid employees. Come on sheeple....trust me I have more motivation to see this stock go up than you could ever imagine but the rules are the rules. NO 8k...No finalization.
Major League Fantasy, a Silicon Valley-based company, is the first and only daily fantasy product with a fully-integrated social network. It's an organization focused on providing new and original games and a daily fantasy experience for the fantasy player looking to interact with their friends and opponents while they play.
*******Dawson James Securities is the Investment Banker on the transaction, which is subject to the negotiation and execution of definitive agreements************
If this has been done THEY ARE REQUIRED BY LAW TO PUBLISH AN 8K....until you see an 8k this is NOT DONE. Period
If the deal was finalized the company is required to put out an 8k material event notice. I dont see an 8k do you? This company punts more than the Jets. NO 8K= no deal done.
NO THEY DIDNT. THATS JUST IRRESPONSIBLE AND MISLEADING. show me a press release or an 8k that shows that asset on the books.
Where do you see anything that says that the purchase of MLB fantasy was completed. All i see is a regurgitation by their promoters of old news. Show me anything that says its a done deal. I doubt very highly that this debt camel paper mill closed that deal.
Bobk...i do not have that information. Ill try and find out.
Triple zero one....say it loud...say it proud! Debt conversions...nobody shorts a sub penny stock. Get it through your heads. Going to ZERO
This train stops at triple 01.....trips kid. 0001. Convertible debt and it wont stop until the bid is a big fat ZERO. Then a Bankruptcy and restructure with a gigantic reverse if you are lucky. They may just throw in the towel because of all the lawsuits. Im sure someone is talking Class Action.....i sure would be.
Brewhouse opens in december. Not bullshit.
This is all conversion of debt....will see .0001......they will attempt a reverse im sure, but if the notes are with any of the bad characters out there FINRA wont allow it. Not looking good here.
I found out about the change when you did snappy. i put it up immediately after.
Driven.....I cant believe im actually going to say this....But i totally agree with you. Put up or shut up....talk time is over. Give us something real and tangible and until then shhhhh.
CONFERENCE CALLS
There have been an average of 3 people on the calls so instead of taking time out of the work day Jim will record the updates and post them weekly.
FROM NOW ON.....The conference calls will begin at 12pm EST every Monday.
Ive had it posted at the head of the page for 2 weeks. If i didnt take it down or change it why would you think it was something different?
The conference calls will be at 12pm going forward.
They are preferred shares with voting rights....and yes they are restricted.