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I've been holding here for many months now (not near as long as some, I know)...but have patiently waited through this Morey debacle and continue to hold and wait and occasionally add as funds allow.
Question - where did the rumor of news next week come from? I read this board religiously and this is the first I've heard of folks "hearing news in coming next week." Just curious what I missed, i.e., is there any valid reason to think that there will be anything different here in a week or two than there is now? Or is it just hoping that maybe next week is the week that something finally happens?
I'm pretty sure CharlesD was referring to himself in the 3rd person, not the CEO, but what do I know. That's just how I read it.
This silly speculating is just that. Silly. Speculation.
I also find it a bit humorous that iHub SMEs always seem to know better than a CEO with qualified legal counsel. But, s.h. lawyers are always good for a Monday morning chuckle.
Personally, I'm really looking forward to the first PR that announces any kind of initial financing, as that will trigger the sequence of events that DL described.
However, all initial financing does for sure is put us on the hook for shares to be converted in 2 years. I do hope that PRs will generate additional interest and investors, but I won't be surprised if the PPS does not rise dramatically.
For me, it's all about the second wave of larger financing that will result in the first (and additional) acquisition(s). That first acquisition is what I'm really waiting for, as that will put SMKY in the black with a lot of revenues and profitability.
This first series of PS financing is vital, and I think it will be yet another confirmation that our CEO continues to deliver on executing the business plan and moving things forward. But, the ups and downs of the PPS between now and that financing, and between the first wave of money and the first acquisition mean very little to me.
I expect that when Eddie PRs the first receipt of funds and the PPS doesn't skyrocket that there will be plenty of naysayers beating their chests and saying "I told you so. I'm so much smarter than all of you people that invested here." That's fine. My focus is on a year post-acquisition.
CEO's given us plenty of bones. In the big scheme of things this is minor dilution, and down the road will actually help SMKY have liquidity needed to attract larger investors that won't risk funds in an illiquid stock...a kind of two-edged sword for low-float stocks.
Also, since financing terms are not based on PPS, this doesn't affect the financing efforts. In the last 2 chat sessions the CEO has remained confident that financing will occur.
I look forward to the next chat on the 15th or whenever it is. Maybe he'll have some updates for us then. Remember, if financing is received in time, the second note can be paid off prior to conversion (and dumping into the market).
For me, this is a chance to still average up but add more shares at prices that I was kicking myself for not loading up on early last year.
Yep, that's my understanding also, and is easily verified from the chats.
Have a great day.
If you request the shareholder information from Eddie, it will help clarify things. Also if you read through the summaries from the two chat sessions with the CEO, the first chat session he addressed financing terms pretty in-depth. I don't have time to find the exact numbers right now, but the important thing to understand is that Eddie will not settle for financing with conversion terms that are based on current market price, instead it's based on a total return of the amount financed. This will allow the company to minimize dilution through implementing the business plan and growing a profitable business (and a rising PPS to follow).
For example, I think if my memory is correct, that the PS offering is 3x conversion @ 2 years using the then current PPS, with some warrants at a value I don't remember. So it's not possible to give a set number of shares that will be issued upon conversion. It's not the simple calculation of converting $5MM @ .25 per share. It will give Eddie and team a couple of years to grow value. So here are some example scenarios.
(someone correct me if I'm wrong or misunderstanding...just trying to help here)
$5MM in PS offerings at 3x in 2 years.
PPS = .50 it would add 30MM shares
PPS = 1.00 would add 15MM shares
PPS = 1.50 would add 10MM shares
PPS = 3.00 would add 5MM shares
I think the additional financing which I think is another $20MM or so will hopefully be structured similarly at 3 years, so you can do the math for that also.
etc, etc. Of course, if you think in 2 years the PPS is still going to be at .04 or .10 or .15 or whatever, then you can do the math also. Point is, as he pointed out, the CEO holds the same shares we do, and that's a powerful motivator. His retirement plan isn't to finance and destroy the value of the company. Or dump his shares into a P&D as some on this board have accused. It's one reason I have faith that Eddie will be successful here. I know that there's still a lot that has to happen, it won't happen overnight, and it won't happen by magic, but I also know that Eddie and his small team have a lot more at stake here than I do, and he's powerfully motivated to achieve his goals.
So that's my .02. Now we'll continue to wait. As many have said, first step is PS financing. Second step is big money financing followed by acquisitions. As Eddie said with instant profitability and extremely reduced pricing, acquisitions are the game-changer.
I guess we'll all just have to check back in a couple of years and see where we're at. I can't speak for Eddie, but in the first chat session I'm pretty sure that he said he thinks a $3-5 PPS in 2 years following receipt of financing is reasonable and obtainable. So that will give you an idea of how many total shares would be added to the O/S if we're at those levels.
Have a great day.
What we need now is a catalyst, the bigger the better, to create that demand...a huge demand. Depending on where people have their individual sell points at, with a float that small and with so much of the float controlled by so few, a strong catalyst could result in a monster run.
Tough to see it down where it's at right now after looking so promising around .12 when financials were expected, but it is good to know the massive potential here. Like several others, if I had free funds I would definitely be averaging down and adding at these levels.
yeah, that's what my browser gets redirected to, which is a default page by the domain host or whatever the proper name is...oh well, I guess it means at least something is going on. one of the few good things about being down at this pps is that when things are going on behind the scenes, there's nobody screaming about scam this or scam that. nobody whining about fake websites and the company getting ready to dump a ton of shares. when the pps is on a sustained run, people get super paranoid and every little change is usually overanalyzed and dramatized.
definitely something going on here...hope we get some clarity soon.
Website isn't there when I try to view it...there's a "page suspended" tag that comes up in the web address. Typically means someone intentionally suspended the site as opposed to some technical IT error or server error. Wonder what's up. Hoping we're getting close to something big and substantial...i.e., some things finalized instead of just "in the process"
No doubt it's being beneficial...especially if you're eating meat. The research has already been posted here, but if you're eating meat you DEFINITELY need to supplement with probiotics. Meat proteins are extremely hard for the body to digest, most people that eat meat have lower fiber intake, and animal products also result in acid residues which lower the body's pH, causing harmful secretions of calcium stores, slowing digestion, and all kinds of other havoc.
Not intending to go on a meat rant here at all, but just affirming that it's great you're seeing results with ADIA products, and as a lot of published research shows, probiotics are ESPECIALLY beneficial for people whose diets are not conducive to optimal good bacterial levels in the gut (i.e., most Americans).
Glad you're sharing positive personal results!!!
For anyone relatively new that's curious as to the reason we did not move up to the OTCBB tier, this is the CEO's post explaining that decision process. Seems pretty straightforward and a good decision not to expend resources to make a move that won't really benefit SMKY in the long term, but that's just my take-away from it.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69057487&txt2find=bb
where?
Sorry to have contributed to the relatively harmless, but off-topic jazz/music thread. Out of respect for those that wish to read about SMKY, not jazz, on here, as well as iHub TOS let's move that discussion to a generalized board where it's "allowed."
Thanks, and apologies.
I have to admit, I'm actually a bit more confused after last night's chat session...am curious to hear anyone else's understanding of the following:
- Originally (in the first chat) I understood Eddie's comments to mean that PS sales would create enough financing to both launch brand recognition, and ALSO to pull the trigger on at least 2 of the acquisitions. I further understood that once the acquisitions were complete, and the past (and ongoing) profitability of those operations were rolled into Smoky's bottom line, that THOSE numbers would be the leverage needed to get money from the big boys at acceptable terms.
- After last night it looks to me like PS is just to launch national branding, a sales force to go into Sysco houses nationwide, etc...and that only after that was successful (generating profits) would we have the leverage to get big dollar financing.
Now, it's very possible I'm missing something...or a lot of things. Wondered exactly how other people understand the vision in terms of order of events. Clearly PS sales is the first step...but if the acquisitions won't be executed with money from PS sales, then I get the feeling it's going to be much longer than I originally thought before we might see the first acquisition.
What are other's people's take on this?
thanks for the clarification. i never was absolutely sure if he was IR for the company, or just a good (and legally legitimate) source of information...not that it matters. my whole point was that whatever capacity he was in or wasn't in, he'd been there for a LONG time before the rise, and recent retrace...
but your comment seems correct to me...i've never seen that announcement either.
I know. I don't know when he started working with the company in an official capacity in an IR role, but my understanding was that he was already in that role (I may be wrong) when I first invested in ICTY which was...oh, I don't know, 7 or 8 months ago now.
Just seemed kind of completely off the mark that that post implied he was just recently hired, and that that was the catalyst for the downtrend, and even more so that it indicated some kind of pump and dump.
I mean, those no volume days down in the low trips when James was around and positive on the company's future (although not pumping) when we sat there for a few months with almost no upward movement.
Just silliness the conclusions that some people draw and then post as fact when they're not remotely based in reality.
Really? Am I reading this right? You're saying that the dump began when ICTY hired n ihub moderator as their IR guy?
I'm curious when you think they hired TD...
Others know better than I do, but I'm pretty sure your concept of dates is nowhere close to accurate.
I'm staying positive also. In one sense, there is control over when the money is coming, as Eddie could have secured financing already if he had been willing to take terms that would be really detrimental to the PPS in a few years...but he's not willing to. So, in that regard, he's choosing to delay funding until there is something that doesn't trade the future of the company for short term boost of capital.
I think some people don't appreciate that (not you). It's not like our CEO is out begging and pleading with any old joe to get financed. He's being very selective, and yes, it's taking some time, but I'm fine waiting b/c I'm resting assured that when it's secured, the terms aren't such that they'll kill the future growth potential of the stock.
As Eddie told me again recently, "I own the same class shares that you do." His financial future is linked with ours. In my opinion, that's a good place to be if you trust the CEO to look out for himself.
MMs are supposed to show correct sizes as per the "new" rules, but clearly they don't. Anything under 5k they don't have to display, so right off the bat, that's something to be aware of.
For whatever reason, the blocks showing 5k are almost never, ever accurate. So, that's a good general rule of thumb. If you see an odd amount, or a large amount, it's almost always accurate and will change as those shares are sold/bought. If you see 5k, or sometimes 10k, chances are that there are more shares "hiding" behind there.
Hope that helps a bit.
Awesome. It often seems like one of the biggest hurdles for companies with really good products is simply exposure...this should help tremendously.
Will we see a filing today? Fingers crossed...
Sorry folks. I didn't mean to stir up a little tiff earlier.
No way to tell without a specific breakdown from the company, but what makes sense to me is that the things that produced the huge increase in revenue simply cost a lot of money.
I don't know their process for producing armored vehicles, but my guess is that there's a LOT of equipment, workspace, labor cost, and parts costs associated with that. There's actually the potential that the company purchased enough supplies to meet their contracts that are ongoing for a while, i.e., that some of the direct purchases from this quarter will not be repeated next quarter but will result in similar revs.
K-9 services: Again, I don't know what they offer specifically, but if they're purchasing facilities, building kennels, constructing training areas, etc., well...that stuff gets pricey fast.
Maybe a tad disappointing that revs dropped this quarter, but bottom line to me is that the company is profitable, expanding services, and increasing revenues and eventually direct purchases will subside, efficiency will improve, and profits will increase dramatically.
Not to mention potential mergers that could be in the works.
bahahaha.
Sorry, didn't mean to have that outburst of laughter. Um...yes, that's how financing works in the work of publicly traded companies. There's not much need to go public if you're not looking for a means of securing financing in order to expand on a massive scale. Of course financing is going to be through convertible debt.
You must have missed the part about how it's going to be structured though, and why that equates to protecting shareholder equity at all costs.
And no, it's not going to be diluted down to nothing. If you look at what the CEO has shared in terms of goals for financing amounts and expectations for future PPS, you will see that it is possible (not certain of course) but possible that upon conversion, dilution will be kept to a minimum.
There's no trading today for a number of reasons. Definitely not dead. But, of course, you're welcome to your opinion, and not much value in hanging out in a "dead" stock I wouldn't think.
oh, they won't be for sale for quite some time...and when they are, it will be at a point where volume is no issue.
Well those .04s and .05s I added sure look good! (at least until someone hits the bid, but hey, I can at least take a screenshot of my portfolio to cheer me up on red days)
Sometimes I have to remind myself that the timing of news can't always be controlled. There has to be a balancing act between keeping shareholders updated in a timely manner with estimating when certain things will be complete.
Nobody wants to wait until an acquisition or merger is completed to hear anything about it at all - no, we want little hints, bits of information, forward looking statements, things like "late-stage negotiations" and "LOIs", etc.
But, we also want the finalization to come in a time period that we determine is "timely." Sometimes you can't have it both ways. Sometimes things take longer than are expected and so maybe there is more time in between PRs than we would prefer. That's not always the fault of the CEO or something within his/her control.
I tend to believe that any CEO worth his salt will try to time releases so that key events are completed in a way that allows a series of PRs without too much time in between, but sometimes...well, we just have to wait.
So I'm waiting here.
I'm not accusing nor defending anyone. Just stating a fact. That "scumbag IR rep" that some folks are so up in arms about, has been on the board for a long time, as many longs will tell you...during the last drop where it just sat down in the low trips for a few months, he was still here (and not pumping I might add).
So, whether it's a good idea for someone so related to the company to be posting on iHub boards is another matter to be debated, and there are certainly valid points for and against (not unheard of for CEOs to use iHub as a means of communicating public information to shareholder).
What I am trying to point out is that he didn't show up "just in time" to start pumping. While I have no idea what's going on, and don't like to see the green in my account dwindle to next to no gains, I'm still holding for a couple of reasons.
1- I might be a sucker for gambling to "win big"
2- I've found (as have others) in the past that as soon as I get emotionally antsy and impatient, that I typically sell too early. Patience pays (usually)
3- I have to wonder if the disappearance of a certain poster is not to run away and hide, but more because things are so very on the verge of finalizing that he's in a mandated "quiet period"
I guess time will tell here.
If you want the big gains, you gotta be willing to be patient. If your strategy is to stack up small gains, you should have sold in the .0016-.0018 range. All my opinion of course.
As some have pointed out, until financing actually occurs, and acquisitions actually occur, and all these other things actually occur, this is still speculative. And as B4B pointed out, that's the zone (speculation based on probable results) with the most potential profit as it's "early."
That being said, as much as I want to rub our eventual success in the face of those that have been nothing but irritating nay-sayers, I hope for their sake that they think twice before once again dismissing this as a typical pinkie scam full of nothing but hype.
The outline is sketched. Soon we will see real brush strokes of paint applied. In the next year or two (or three) I believe the picture that will be painted is going to blow some people away.
No surprise at the gap here this morning...hopefully as you said before that initial financing and the ensuing PRs will come in such a way that the timing allows for continued upward momentum, and I don't mean from a slew of every increasing PRs full of hype as a lot of pinks do. It's clear Eddie is not throwing PRs out for the sake of creating some MOMO...we have the plan, PRs will come at each stage of execution, and of course, eventually we will start to see those executed plans reflected in financials.
Going to be an exciting couple/few years around here.
The chat was on a chat board with typed comments. Dollar's bullet points are basically verbatim replies from Eddie to various questions minus the questions and other extraneous comments that were posted.
Yes you are, and with that comes instant profitability...
Might have just been my computer, it totally logged me off for some reason. Had to log back into the website and then rejoin chat. No issues now...
Anybody else just have the chat close on them and not be able to open it again?
Will someone post L2...iHub's info can't be correct...
shows .087 x .1 with an order going through at what looks like .09 ... curious to know what that last trade was (how many and what price) and also what the real bid/ask is. thanks.
Dollarland does have great picks. I have a decent amount of SMKY, but wished I owned what he does!
I'll be happy if we just close EOD/EOW here, especially if we could get some strong bid support. .09 would be a nice place to start a steady creep up next week in anticipation of financials.
Let's see if I can get this embed image right...haven't done this in a while, might take me a few tries.
Context for what you're looking at here. This nests well with some of the other scientific data that was presented on the board here (I believe by SD4G)...I had to do a screenshot because this was a slide in a multi-hour presentation on the effects of meat in the human diet. I found this quite interesting, and as has already been pointed out, meat (especially red meat) raises the acidity of the blood and it negatively alters the bacterial flora in the gut. I'm not trying to preach here. I'm just saying, for all you carnivores out there, one of the best things you can do to counter the negative effects of meat is to supplement with probiotics and help increase the activity of "good" bacteria. Your colon will thank you.
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