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While I understand your concerns, I wouldn't make a huge fuss about this, without more.
A close reading of the 8k should calm some nerves. Notice it doesn't say "the only office", or "the office" or "located at". Neither does it say a "New York entity".
(“MINE”), a Nevada corporation (the “Company”), having an office at 20 Trafalgar Square, Suite 455, Nashua, NH 03063, does hereby promise to pay to the order of POST OAK LLC (the “Lender”), having an office at 405 Lexington Avenue, New York, NY 10174, at such place as Lender may designate in writing, in lawful money of the United States of America, the principal sum of up to Two Million Dollars ($2,000,000.00), or such lesser amount as may be borrowed by the Company as Advances under this line of credit (the “Line of Credit”).
Bro, i remember it like it was yesterday. She was like the SS1 of this board back then (forgive my comparison SS1).
MINE has come a long way since then.
Painful months of notes being converted and trading sideways with no end in sight. Rome was not built in a day, neither will MINE, but the true longs already know this.
You're wasting your time in indulging in these types of arguments. I stopped taking these comments about MINE seriously after she couldn't tell the different between being granted exclusive distribution rights to a brand and outright owning a brand.
For me it's quite simple. Operate from the premise that there are no good samaritans on ihub and you'll be ok.No one cares if you lose money especially if they stand to gain from your loss.
When she and her group dumped, we asked her to give us the juicy info based on which they dumped but she refused.
Now that MINE is trading higher than what they sold for, voila!!!
suggesting that certain disclosures were not made on the 10Q and suggesting that they were "intentionally deleted" are two separate things.
The latter seems like an allegation of fraud.
I hope you have some proof of that beyond mere hearsay.
Report to SEC http://www.sec.gov/complaint/tipscomplaint.shtml
if you truly believe that to be the case.
MINE & L5 have able legal counsel who i'm sure are quite versed in securities regulations. I would join others here in advising you to submit your complaint to the SEC. Posting here does no one any good...or does it?
Do shareholders and the public in general have the right to know the disposition of this agreement and is it required under law to be reported? YES.
L5 gets % of sales by way of licensing agreement. MINE is parent company of level 5 so MINE benefits from that arrangement as well.No experience required to understand that.
Those who followed you and sold out months ago must be kicking themselves...apparently you are too. That's why you're here. I'll stop arguing with you cos you don't even believe what you're saying.
It doesn't because it hasn't. At best L5, not MINE, will get a % of sales. It doesn't because it hasn't. At best L5, not MINE, will get a % of sales.
And where does it say MINE has acquired all the assets?
You know nothing. There are no assets to be acquired. Just a brand or in this case the license to use the brand in a certain geographical area. There is no tangible item to own here. Got it?
Go learn some property and patent law.
From 8k NOvember last year. Now stop trolling.
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On November 21, 2013, through our subsidiary, Level 5 Beverage Company, Inc. (“Level 5”), we entered into an Agreement (the
“Brand Licensing Agreement”) with VITAMINFIZZ, L.P, a California Limited Partnership where the Licensee acquires the exclusive
rights in North America (the “Territory”) to use VitaminFIZZ® (the “Brand”) on and in connection with the marketing, distribution and
sale of the Brand.
Pathetic. So what difference does that make in the grand scheme of things? Of course level 5 did not apply for and receive patent for ownership rights. But as we are all aware, and as you yourself have stated, the owners have given level 5 certain rights with respect to the brand. So what are you going on about?
You obviously have nothing better to do with your time it appears. That's why you continue to post here although you claim you have no position
L5 does not own the Vita-fizz brand, period. Minimally, they have distribution rights to it but no ownership. But Vanis forgot to mention that, I get it. It happens.
Your guess is probably half right. If a celeb will take shares in exchange for cash then the shares must be as good, if not better, than cash. That means you should probably not be as skeptical as it seems you are.
Guess the company will pay him or her in millions of shares just like execs.
NO R/S from CEO owns mouth!!!! closed
Just a few pointers
1. Look beyond tomorrow if you can afford to do so.
2. Never ask a board for trading advice as everyone should develop their own based on what they're comfortable with.
3.Read some of the past Pr's and 8k's from say 8 months ago if you have the time. I'm sure you'll be able to come to a decision after doing so.
GOOD LUCK.
Loaded with what?
Don't forget you were also here a few months ago talking about how you sold because you had information that was not in the public domain.
At the time I prompted you that you could be in violation of securities regulations. Pull the NOBO list or CEDE list or whatever you want. No body cares.
No. Debt assigned to another lender. IMO
I sure did. Its either the debt was taken over by a Charitable healthcare group (Medicin Sans Frontier) or Morgan Stanley Emerging Markets Fund.My bet is on the latter.
LoL that'll make things easier for most of us I agree.
http://finance.yahoo.com/q?s=MSF
It's certainly not Doctors without borders (Medicin Sans Frontier) which is the other MSF you get with a search.
Morgan Stanley Emerging Market Funds (MSF) inc.
They've taken over from Branden Storm.
That's why Morgan Stanley Fund is taking over from Branden Storm? What a joker you are...lol.
Morgan Stanley Emerging Markets Inc. Not Doctors without borders...lol
The key word in your post here is imo. Consider that in meeting with the company, the lenders potentially have more information than you and I do. That information, whatever it is, is the basis for their choice to take 2M common shares.
Something tells me you're not on here to be educated on this issue.
As for the creditor "thinking that the 2 million will be worth more long term" I'd highly doubt that, most lenders like sure things or darn close to it and this (so far) isn't one of them imo.
This is not comparable to negotiating credit card balances my friend...I'm sure you know better than that.
Here are a few facts I'm sure even you can agree to
1. Most start up companies find it difficult to get favorable borrowing terms.
2. All lenders are risk averse
3. All lenders want the highest return on investment
With those facts in mind, consider that a lender has agreed to cancel a lending agreement in which it was guaranteed it's investment with interest, on the maturity date regardless of pps.
In exchange, it has agreed to accept 2M common shares of MINE. With fact #2 in mind, ask yourself why a lender would agree to this type of deal. One answer and IMO only answer, is that they know the value of 2M shares will be far more than what they would get under the previous agreement-yes fact #3.
That's all you need to know.
If you're worried about what's going to happen tomorrow on this stock then I'm afraid you're short sighted. Fundamentals are strong and soon the pps will reflect that..maybe not tomorrow or the day after that but not too long either. Follow the money friend.
You didn't technically lose if you didn't sell.
I will get in later at a much lower entry point than what is available now.
If you're sharing trading strategies to save newbies that's fine I don't have any qualms with that. I was more referring to your earlier post where you claimed people are "buying into the hype".
Good luck to you as well.
Your response suggests to me that you have either not done your DD on this company or want to be mischievous. I'll assume it's the former so how about you read the stickies on this board for a start and then read the 10Q for a start. It's not hype it's potential.
And people like you don't get carried enough by hype. If you wait till the potential is fully realized it'll be too late to buy. This is no speculation play.
kicking yourself for selling @ 0083 huh. lol. Watch and learn. Go MINE.
Some contracts contain non disclosure agreements for a variety of reasons.Sometimes it has nothing to do with the company at all. Sometimes it's about the client's preferences or interests.
This does not affect the validity of the contract.
The company has already indicated that this is the case through their previous PR's about having a legal obligation to keep certain things out of the public domain for a certain period of time.
If the basis for your wanting to sell is that you do not, as of now, know who these large accounts are, it may be worth it to wait and see.
And I have made a lot of money based on peoples predictions.
But that's not the issue here. I, like many others here have been here for months and have done and received massive DD supporting the potential of this company.
I suggest you do the same. That way you don't rely on what others say. But since we're on that topic, those who predicted MINE would be in the triple zeros well, we've made believers of all of them and buyers of some.
Financials don't lie but people do. You clearly are bent on painting a dim picture. Put things in perspective.
1. That the product was sold in a test market
2. There were no advertisements for the product.
3. The revs are only for about 3 months or so.
If this goes up tomorrow it would be a herculean feat.
There are different classes of stock for most publicly traded companies. Form 4's as far as I'm aware of is only for ownership of common stock i.e. those available for sale on open market. Preferred stock and others classes may not require the filing of form 4s.
Also, only common stock can be "dropped on the market" as some seen to imply. Other classes of stocks have restrictions on when it can be sold etc.
If you can draw the distinction between a play and an investment your decision may be easier. I suggest you start by reading some of the stickies on this board to see the evolution of this company over the last several months. GLTU.
They can sell it in states that it's legal in but there will be no protection on the name with the federal government so what's the point of paying to protect a name that the government won't protect
The federal government won’t register cannabis product trademarks due to the federally illegal nature of the product, but many state governments will.
Here's a link to USPTO site describing the trademark L5 wants to use.
http://tsdr.uspto.gov/documentviewer?caseId=sn86208571&docId=DRW20140305062755#docIndex=0&page=1
And another link to filer information and description of the product that will bear the mark.
http://tsdr.uspto.gov/documentviewer?caseId=sn86208571&docId=DRW20140305062755#docIndex=0&page=1
It's not the trademark application that is news but the insight to what type of product L5 may have under its sleeve for the future.