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Use of proceeds:
SCHEDULE 9(e) - USE OF PROCEEDS
Maximum
$ 1,000,000
Gross amount $ 1,000,000
less Placement Agent Fees $ 100,000
less non-accountable expense $ 30,000
less Subscriber's Legal Fees $ 10,000
less Ellenoff Legal Fees $ 10,000
less Weed Fees $ 10,000
Less exchange of 3 Alpha Bridge loan to
convertible notes $ 175,000
Net to Company $ 665,000
Apply to:
Inventory and product production $ 142,000
Payment of 2 Centaurian bridge loans $ 95,000
Marketing, sales, investor & publi8c relations $ 125,000
Employee compensation and benefits $ 144,000
Working capital and corporate overhead $ 159,000
I hope for all your sakes that this continues to climb. Just keep in the back of your mind that HBRM is still sitting on another 500 million shares... doesn't take a genius to figure out what they're planning on doing with them.
Facebook likes for Phase 3 have been steadily increasing of late... nearly at the 400 mark now. Hopefully means those buying it like the product.
News would certainly be welcome. I wouldn't count on it though. Maybe a new distributor announcement, but that doesn't amount to much.
I think they're going to wait and see how Phase 3 does in Florida, specifically in the Walgreen's, before they expand further. Roy stated in his interview that he doesn't want to overreach, which I think is wise. Don't want to expand operations before you know your product will sell.
I'd be willing to bet a lot on a ramp up in the PPS when trading opens, then a walkdown over the rest of the day as HBRM dilutes. Might be able to turn a quick profit, but not worth the risk IMO
I am also very wary of the A/S increase. There was clearly a lot of dumping going on yesterday. Seems likely that it will continue. If the buyout happens, may still see some small gains, but this does have the feel of a pump and dump. Only real explanation for the A/S increase
The stock is right where it was a week or two ago. The re-order PR and the most recent quarterly report seem to have just about cancelled each other out. There are sure to be more re-order PRs to come (If one distributor re-ordered, it seems likely that the others will as well) and I'd be willing to bet all 1.5 mil of my shares the next quarterly report will look much, much better than the last one.
I do think it will bounce, but not today. With that big A/S increase will come a lot of dilution. I plan on buying in, but not until the dilution has died down
"NDAs are commonly signed when two companies, individuals, or other entities (such as partnerships, societies, etc.) are considering doing business and need to understand the processes used in each others business for the purpose of evaluating the potential business relationship. NDAs can be "mutual", meaning both parties are restricted in their use of the materials provided, or they can restrict the use of material by a single party."
Sounds like a promising development. More business is always a good thing. Is the appearance of the NDA marker a new development? Wonder if it only happens when you're dealing with a big company
Highly unlikely. I don't see any reason why HBRM would want to prevent a buyout, they have a lot to gain from it, considering that they don't have much going for them (just take a look at their balance sheet). I really think it's just management trying to sell some shares at this inflated price. Of course this is just speculation, but it's hard to think of any other explanation
An increase in the A/S in the middle of buyout negotiations definitely sends up a red flag. What possible reason could there be other than management selling into this buyout news? If anyone has an alternative theory I would like to hear it.
Distributorship announcements don't really count for much. Everyone knows they're coming. The re-order announcement was a big deal IMO, when more of those start rolling in this stock will gain some steam. Always the possibility of Phase 3 authorization in other retail stores as well. Until then, don't expect great things.
It doesn't help that anyone using TDA can only sell the stock and not buy. My guess would be it's some combination of that and the lackluster quarterly report. Just going to have to sit tight and weather the storm... With the way PR's have been flying around, it won't be too long before another one comes out and this shoots back up. Patience, patience, patience.
The reorder wasn't by walgreen's, it was by one of the distributors. When Walgreen's reorders it will be a much bigger deal.
I also missed out on the cheap shares because TDA wouldn't allow my to buy. Not pleased.
I'm not convinced that they'll need to increase the A/S. The company should start generating profits this quarter, and there are still 500 million shares left before they bump up against the 1 billion A/S. I don't see any reason why they couldn't just roll over debt and pay it off with their profits.
Look at the volume. It was walked down from .0068 to .0054 with less than 5 million in volume. It's just a bunch of MM nonsense.
ATTD took years to develop their product, which has just recently started hitting the shelves. The large deficit is neither surprising nor worrying. Start ups always need to run a large deficit to get a product going. In the most recent filing there was an increase (albeit small) in revenues. The Walgreen's deal as well as other sales won't show up until the next quarterly statement. There is nothing surprising about this quarterly report, it's exactly what everyone who has been following this stock expected. Even Roy said not to expect anything significant from this quarterly report in his latest interview.
Looks like another big T trade went through at .0046 ... wish I knew exactly what these T trades are all about, they're a bit mystifying. If anyone has a good explanation for them I'd be happy to hear it.
It would be nice if you could buy the cases with 6 of each flavor. I bought a case of the chocolate, which I like, but after drinking it 6 days in a row I find myself wanting some of the vanilla. Don't really want to have to buy two cases at a time just to get some variety
Agreed, the next Q report should be much stronger than this coming one. But I still think we will see signs of improvement in the 2011 Q4 report, which will be reassuring.
Well that's something we can agree on. We'll see who's right in a week or so when they file the quarterly.
dilution will be up, but debt will be down. Who do you think has been diluting? It's the convertible note holders. And of course expenses will be up, but so will revenues and inventories. It's called expansion.
And why are the numbers going to be dismal? Should certainly see some revenue growth, as the product was placed in additional stores throughout the fourth quarter, mostly in the North East and a few Florida locations.
I would love to hear your thoughts on why you think the numbers are going to be dismal.
I doubt that it will close green today. My guess would be that it will close around .0045. I feel confident in saying that when the quarterly report does come out, albeit a few days late, the PPS should be back in the mid .005's at least.
Yes. That is why they filed a NT 10-Q. Just lets the SEC know that they're going to be filing a bit late and lets them know why. It's really not a big deal at all, as hmmauto pointed out they have done this before. And as you point out, OTC stocks do it all the time.
Why Hmmauto thinks it's buying people time to sell shares I do not know. There's no reason to think that anything bad is going to be coming in the quarterly report. Should see a moderate increase in revenues, though the Walgreen's sales wont be in the books until next quarter unfortunately.
It's an overreaction to the quarterly report being filed late...
Reason: "The Registrant is awaiting information from outside third parties in order to complete the Form 10-Q."
They'll submit the report in a few days and the PPS will most likely jump right back up. No reason to think there will be anything bad in the report since they just got their product on the shelves over the last 6 months or so... Should see a sizable increase in revenues.
It's bottomed out. Enter day traders playing the bounce.
a) Because they may not have any more money to invest in this stock
b) Because it doesn't really matter what happens to this stock in the short term. Who cares if it falls to the mid .003's? It has a solid product going on sale all over Florida and excellent prospects going forward. Furthermore its fundamentals have been improving on a quarterly basis. In a year I'm not going to care that the stock price dropped to .0036 today (other than wishing that I could have afforded to buy more shares)
If I had more money to invest, I would most definitely be buying at these prices.
Given that there has been no bad news regarding this company in forever, this is probably some combination of dilution and panic selling. The serious long term investors will hold onto their shares. The flippers and day traders won't. The fact that there aren't a ton of people buying doesn't mean there aren't serious investors holding this stock.
Just thought that I would point out that Phase 3 has actually been in Walgreen's in Southern Florida since at least May of 2011. The fact that Walgreen's authorized the projects in all of its Florida locations suggests that it was selling reasonably well in Southern FL.
If you go to the Phase 3 facebook page, there's a picture of Phase 3 on the Southern FL Walgreen's shelves dated May 11, 2011
http://www.facebook.com/photo.php?fbid=221319931211648&set=a.214595135217461.61381.126977713979204&type=3&theater
Be sure to leave a rating on Amazon. Positive feedback always helps
This is a medium to long term play. If you don't have the patience to wait it out, you may want to consider playing a more volatile stock for the quick turn around.
It's going to take time for the product to hit shelves, sales numbers to start rolling in, etc. It's an excellent product (I've tried it), but it still takes time to get noticed. Roy is playing this right IMO, take it slow, don't overextend yourself. For those with the patience, this stock will give large returns.
It's just the day traders doing their thing... This isn't going to be able to move anywhere until some substantial news comes out... That will probably be the quarterly report next week.
Supplement warehouse is out of the chocolate phase 3 again. Didn't they just come back in stock like 2 days ago?
http://www.supplementwarehouse.com/brand.asp?brand=2435&pxc=1&sh=1&gclid=CMSborrxka4CFUff4AodyU3rHg
No... It's part of the same Walgreens deal. Just another distributor in addition to JJ Taylor to get the product to all the Walgreens in Florida.
Don't get me wrong, it's still great news.
It isn't being distributed to more stores than was mentioned in the original Walgreens PR. They just announced another distributor. More distributors is a good thing, but don't blow the news out of proportion. One step at a time.
Does anyone have a theory as to why the PPS dropped so much at the end of January? Doesn't look like there was any bad news to warrant it...
Some sort of news sure would be nice... Haven't had any in a while
Sure would be nice to know what the hell is going on...