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0.0300 - 0.0175 at the close. WOW did they announce the merger or the RS or did someone Hop Hop the price down on the new Bunnys. I am not good at math, but I think it has to go up 70% to get back to close to todays open. Welcome to the UNQL world. You may want to check the latest shipments of some of the UNQL partners and again watchout below it is not looking good for this quarter. DD
https://importkey.com/i/frangipani-trade-services-inc
I love when the tape proves what I just said 18 shares, 100 shares and how about that 911, looks alot like walking the price up to dump on newbie
$30- 100 trades walking up price then dump on newbies, beware of next quarter
Shipments down 75% from 1 year ago, look out below
https://importkey.com/i/frangipani-trade-services-inc
Thanks for making my point
For the Three Months Ended November 30,2021
$405,430,689 215 shipments
For the Three Months Ended November 30,2022
earnings ??? 49 shipments so far. Need 166 shipments in 27 days not looking good for your Christmas.
222 shipments in March, 87 in May, 53 in June, 23 in July, 16 in August. 32 in September, 16 in October. My point is this, The CEO's own side hustle company shipments are for last month are less than 1/10 of what they were in March. August , September and October is the shipping months for most Christmas items. For all newbies beware we have all seen this before. Don't forget about the reverse split last proposed 300-400-1.
https://importkey.com/i/frangipani-trade-services-inc
If they due a RS does the info in most recent earning mean at $10 that would be a 750-1 RS ? The closing price on Aug 31st .0133 ( $10 / .0133 = 750 )
The underlying value of the anti-dilution provision is calculated from estimating the probability and value of the provision assuming a near term financing
event. For the period ended May 31, 2022, the model used estimates the potential that the company completes a capital raise prior to the expiration of the antidilution feature and determines the value of the anti-dilution feature given these assumptions. The model required the use of certain assumptions. These
assumptions include probability a raise is completed, probability certain anti-dilution features are extended, estimated raise amount, term to a raise, and an
appropriate risk-free interest rate. For the period ended August 31, 2022, due to changes in the way antidilutive shares of Convertible Preferred Series A, C and
D would be exchanged in the near future for common stock, and the fact that the antidilution provision of these shares was extended through March 31, 2023,
the assumptions were changed to include probability of the financing event, estimated value of common stock at the exchange point and estimated time to
financing event.
F-9
The key inputs into the model were as follows:
_______________________________August 31, 2022 __________May 31, 2022
Risk-free interest rate ______________________3.3% _______________1.6%
Probability of financing event or capital raise ____90.0% ______________53.9%
Estimated capital raise ____________________________________$ 39.0 million
Estimated value of common stock _________ $ 10.0 per share _____________ -
Estimated time to financing event _____________0.5 years _________0.5 years
Appears that CEO's other company shipments have dropped to 26% of what it was in last quarter. Might be similar with others. Look out below, all trades since yesterday and today have been sells.
Just some reading while we wait to hear about financing
https://iaac-aeic.gc.ca/050/evaluations/exploration?search=Houston+Beneficiation+Plant
Just check the Import Customs data records for companys that ship with UNQL and you will see the drop in shipments just in the last 4 months. Start here with CEO other company.
https://importkey.com/i/frangipani-trade-services-inc
Ok, why the re-filed 2021 last year 10k, Are we expecting another filing or 2 shortly, Bueller, Bueller, Anyone class anyone
Follow the money, 200 plus containers by them in March.
https://importkey.com/i/frangipani-trade-services-inc
https://www.salary.com/research/company/frangipani-trade-services-inc-salary
Do not understand either but thought it might mean oustanding shares would need to be raised to cover additional shares that the 800mil did not cover that are being requested to convert.. But I am just taking a shot in the dark about it
Me thinks something is about to happen.
https://twitter.com/hashtag/AngleseyMining?src=hashtag_click
MZ, a global leader in investor relations services, announced today a successful start to the Company’s limited-time IR website offering for publicly traded companies on the OTC Markets. The special offer, available for OTCQX, OTCQB & Pink Sheet issuers, includes free setup and maintenance for the first year.
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
Yes X No__
Q. How many days does the Form 12b-25 extend the due date of the untimely report?
A. Form 12b-25 provides the issuer with 15 additional calendar days to file a late 10-K and five additional calendar days to file a late 10-Q. Moreover, if the late report is filed within the 15-day or five-day extension period, the report is deemed to have been timely filed
Scully’s core asset is a net revenues-royalty interest in the Scully iron-ore mine, located at Wabush in Newfoundland and Labrador, Canada. The Wabush mine has a capacity of six-million tonnes a year and produces what is considered a premium iron-ore product with iron content of more than 65%. It uses the same rail and port, Sept-Iles, as LIM plans to use for the Houston project.
Citing its Houston project, Anglesey says: "Labrador iron mines continued to advance its Houston direct shipping iron ore project toward production...the preliminary economic assessment estimates the Houston project will generate an undiscounted net cash flow of CAD234 million".
Looks like Rays side hustle had a month with 220 plus container shipments, I wonder if they use UNQL or someone else, wonder if they have contracts with UNQL, what would be their costs.
https://importkey.com/i/frangipani-trade-services-inc
Look out below this could get ugly
https://seekingalpha.com/article/4538804-shipping-has-fired-a-shot-across-the-bow?mailingid=28941631&messageid=macro_view&serial=28941631.23088&source=email_macro_view&utm_campaign=nl-macro-view&utm_content=macro_view&utm_medium=email&utm_source=seeking_alpha&utm_term=28941631.23088
Various future construction financing alternatives being considered include an advance payment component of an offtake contract, equipment leasing arrangement(s), potential project partners, potential government funding and potential equity financing
Although an off-take agreement with a partner has yet to be finalized, the PEA economic model assumes a buyer would participate as to 50% of the price appreciation above US$90/dmt (CFR China 62% Fe sinter fines basis), as an
incentive to agree to the point-of-sale being FOB Houston rail siding. The Company notes that if the point of sale were alternatively FOB Port of Sept-Iles, such a price participation arrangement with a buyer would not be anticipated.
Gerald Group owns 32 million shares @ $1.29 just for break even. LBRMF intends to list again on the Toronto exchange as noted in the Sedar filing dated August 27,2019
Scully will provide an unsecured, convertible, US$1,000,000 credit line to the Company, with a five-year term, at an interest rate of 6.8%, and convertible at US$0.31 per share, among other standard terms and conditions. You can see how value they put on shares as things progress.
Scully has agreed to subscribe for 13,043,478 common shares of the Company at a price of US$0.23 per share. Apon closing of financing price should increase.
Scully will be the Limited Partner of LIMLP. Scully will have the first right to propose Project Debt Financing for the development of the Houston Project. This should give another option if Offtaker deal not found.
The Houston Project’s deposits 1 and 2 have undergone extensive regulatory review and approval and are considered ready for construction with a one-year construction period to production.
Scully will be the Limited Partner of LIMLP. Scully will have the first right to propose Project Debt Financing for the development of the Houston Project.
Closing of the strategic investment is subject to customary closing conditions and is expected to occur by the end of August 2022.