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.
That’s correct and a good example.
I’m having some research done on this to see any other company that managed to change 1200 shares to one share in a 4 year period.
I personally have never come across it.
Then to have the one share worth $4 after all that. Yikes!!!
That’s correct and a good example.
I’m having some research done on this to see any other company that managed to change 1200 shares to one share in a 4 year period.
I personally have never come across it.
Then to have the one share worth $4 after all that. Yikes!!!
If the reverse split is 20/1 then the original shareholders will have put in 1200 shares for one.
That may be a record for reverse splits. I do know this company may be the record holder for the longest listed company to never show a profit.
Shareholders have to approve. Waiting on proxy
I actually feel the same and have since January 2017.
That was after the December 2016 options giveaway to employees and board members after another disastrous year. Those were totally unwarranted options.
At that time I raised against Hayward and the board.
I couldn’t imagine things getting worse at that time. Also, several posters kept saying, just wait a year , just wait two years.
That’s when I exploded about all these posts about the far future. Well, here we are two years later. And things are much worse.
Instead of contracts promised in the fourth quarter, we get shelf offerings and reverse splits.
Not one friggin contract from any phantom vertical.
Look, here’s what I believe to be the bottom line.
Hayward has to come clean with investors.
It now seems obvious that the only way Hayward knows how to generate cash flow is to bring in new investors and sell shares.
If this reverse split goes through, the cumulative effect of the two will be 1200/1.
With no end in sight.
Yes. And it did not work.
Case in point.
Imho reverse splits are a desperation move for a sinking ship. They are rarely successful and the stock continues to decline.
Everyone has to read the fine print especially in regulars to any anti dilution agreements.
It does look like Hayward had a successful meeting. However, his pathway to appeasing Nasdaq is not with performance. This means Hayward has no good news anywhere in the city.
And we now know that his conference calls are really useless. There was not a gram of information from the last one that was true.
Right. And that reverse split worked like a bomb.
By tomorrow, end of 4th quarter , we are supposed to have contracts from Videojet and Colorcon.
I believe this was promised in the conference call.
The last shelf offering really is tantamount to a reverse split.
Panel has discretion to grant an exception not to exceed 180 days from the date of a delisting notification. If a Panel does not grant an exception, or a company fails to meet the conditions of the exception, the company will be notified in writing that the Panel has determined to delist the company's securities, or that its securities will be transferred to the Nasdaq Capital Market.
When a Panel issues a delisting decision, a company's securities will be suspended from trading on the Nasdaq Stock Market, effective on the second business day after the decision is issued. The formal removal of the company's listing on the Nasdaq Stock Market will occur after all appeal rights have been exhausted, which may take several months. Nasdaq will notify the SEC of the removal of the company's listing by filing a Form 25 and will send a copy to the company. Under SEC rules, Nasdaq must also issue a press release at that time announcing the removal and final delisting.
Publication Date*: Mailto Link Identification Number: 7/31/2012 435
FrWeqhuoenmtlyaAkseksedeQcuiessiotionnssat a hearing?
Identification Number 441
A Hearing Panel will render a decision with respect to a company's ability to regain compliance with the listing standards. The Panel consists of two professionals from the business community, who are independent of Nasdaq, and have been authorized by Nasdaq's Board of Directors to render decisions. The pool of panelists includes academics, accountants, auditors, corporate officers, investor advocacy representatives, investment bankers, securities lawyers, and venture capitalists.
Publication Date*: Mailto Link Identification Number: 7/31/2012 441
True. But I was responding to the possible actions he might have swayed Nasdaq with.
I believe it when I see it with Hayward
If you recall the last conference call Hayward specifically mentioned contracts coming from Colorcon and Videojet. I believe he said they would be announced in September.
I doubt we would be trading if Hayward didn’t have a positive result.
I’m still not buying it. None of these things gets the company to 35 million capitalization or the share price over $1.
So, what’s the purpose. I do agree with converting debt to shares at 54 cents makes no sense at all. The conversion won’t account for 10% of the capital requirement.
If Hayward didn’t prevail at the Nasdaq hearing, it would be known by. Now.
This so called dilution is an offer at $1 a share.
I’d call that anti dilution from a pps perspective.
And, I don’t get it.
In fact I don’t get anything thats happened in the last 3 weeks nor do I understand how it is relevant to the Nasdaq hearing
Converting the notes to shares at 54 cents doesn’t make any sense , since the bond holder could simply buy shares at 25 cents.
Why did all the bond holders do this??
I just feel the reason is far more convoluted than increasing the book value.
Not if you’re the one making the offer.
All offers have conditions.
Quite often the require convertible instruments to be resolved prior to purchase.
Some restrictive offer also nullify prior options.
This will require shareholders to approve. Hi
I think there’s an offer on the table. Expect it to be a multiple of 54 cents.
But the offer will lowball many’s expectations, I predict
Imho, Trusted Brands had some undisclosed liabilities or pending litigation undisclosed at the onset of the “amalgamation “ process. My research into Trusted Brands made me feel this was a mistake back in June.
A reverse merger needs to be with a shell company that is clean.
It appears , per business wire, that Theracan cancelled the deal:
TSX Venture Exchange: HAH.P
CALGARY, Sept. 19, 2019 /CNW/ - TRUSTED BRAND 2016 INC. (the "Corporation") (HAH.P: TSX-V), a capital pool company under Policy 2.4 of the TSX Venture Exchange (the "TSXV") announces, that its previously announce amalgamation agreement with Theracann International Benchmark Corporation ("Theracann") has been terminated by Theracann and the proposed business combination will not proceed.
It would be interesting to know what TheraCann stock is actually worth.
I the 7.50 (Canadian?) is an IPO guesstimate.
I think that and the shelf offering has probably done it.
Hayward doesn’t historically do this without investors lined up.
Actually, the market value and the bid price are noted as non-compliant by Nasdaq:
https://listingcenter.nasdaq.com/noncompliantcompanylist.aspx
I think the retirement of the notes plus the valuation of Theracan and other assets May sway Nasdaq hearing ??
Also the conversion of the notes to shares @ .54 is very bullish.
Hoping the Theracan deal becomes market positive this week. Looking for news.
All in all it looks bullish
Right. Reverse splits are really worthless gimmicks. The rarely are a positive.
Without the assurance of near future positive cash flows, the stock continues to decline after the reverse split.
Then what? Another reverse split. This broken record needs to end. Just delist and see what happens in the distant future.
Spain uses the metric ton which is 2,205 pounds or 1,000 kilograms
Ternua which uses Nekdun by Navarpluma is a rarified atmosphere in the ski world.
Thanks Shark. When is the proxy vote?
I think the reason insiders have started accumulating is this proxy.
I hope they don’t have information not released to the public.
I hate to see a bunch of shareholder actions.
Shouldn’t the nature of the proxy vote be public by now??
It’s all very strange and frankly should have been corrected the next day.
Nobody noticed for a month??
I would guess there’s more insider buying.
We already beat that dead horse.
I would like an expanded explanation of why Colorcon needed more testing. There was supposed to be a contract last March.
You see , pill and capsule we’re the toast of the town last year.
Anyone ever hear about ACG again??
I don’t think they go bankrupt.
Theracann stock and September Colorcon contracts will give this a boost.
Hayward is like a Galapagos turtle. Sludges on and on.
I think everyone is burned out with the verticals that take off and fizzle.
I guess cell therapies are the verticals du hour. But there is exhaustion set in from watching prior verticals last year, two years ago and 3 years ago. They go further back but in the end, go nowhere.
It looks like a complete lack of faith and trust in Hayward.
That’s my take.
Stability issues were mentioned over and over again in relation to Colorcon.
That’s a problem to surface out of nowhere. Don’t recall this ever being brought up before.
Also, that last comment about the 4th quarter is ambiguous. Is Hayward saying it will resemble the rest of 2019 or that it will be more like 2020???
I’m still waiting on any Colorcon, Palmetto, Ink, fertilizers, Capsules news.
Now we have a bunch of new ventures.
I’m with you. I want to see some meaningful revenue from any source.
We haven’t heard from the govt in some time now.
What is the Theracan stock symbol??
It seems to me the valuation of LineaRX at 25 million is strategic to Hayward reaching the 35 million in capitalization needed to avoid delisting.
Apparently this satisfied Nasdaq board.
Nasdaq has never listed us as pending.
I think it came today thru Linear