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.
Clear response & explanation.
And the recent 14c proved he did not sell any shares by using them in the vote.
And the last 8k, his new shares were priced at .006
Note holders sold on recent dilution means less liability in the books going forward.
With daily revenue now, future debt will not be an issue.
I did !
And stand by my interpretation
That's not what it said at all
Thats not what he said
He said the blackbridge note was not coming due and it was 100% accurate
I do not need to ask a CEO to tell me what is clearly described in a filing !
Agreed
POP and & run to .01+++
Yep
Retail investor involved in trouble IMO!
Debt got paid
CEO has his shares
All of them
No biggie
Watch what happens now
Clear sailing to profits
10's eaten
11's next
A trading decision can be NOT selling knowing that something good is coming, waiting for the PR you know is coming and know its content and then selling right after !
The SEC is not stupid and can piece things together via trading transactions.
Will let them decide... with incriminating public post, good luck !
------------------------------------
What Is Insider Trading?
Insider trading is the practice of using information that has not been made public to execute trading decisions. It gives traders an unfair advantage over others and most forms of insider trading are illegal. Many investors are tempted to make quick returns from insider trading, but doing so can be dangerous. Insider trading is routinely investigated by the Securities and Exchange Commission (SEC) and prosecuted.
Not enough company debt to warrant an RS here. (Total BS)
There is a higher probability of a share reduction via buyback of shares as the company increases profits quarter after quarter !
200 mil to clear debt and liability at this stage of the company is acceptable and expected.
As revenues come in and company becomes cash flow positive, its dependence on notes will decrease.
Not like some stinky pinkies (aka $PCL who announced a 100 to 1 RS on its common shareholders effectively wiping them out. Would hate to own shares of that one ! (wink wink)
Timber Investments Cut Down Portfolio Risk
By Robert Stammers
Ever consider buying trees to enhance your investment portfolio? Over the years, timber investments are gaining interest from both institutional and retail investors for their diversification and inflation hedging characteristics, and as a sound alternative to stocks and bonds. The relatively inefficient timber market is continually evolving, creating new opportunities for investors to allocate capital for both income and appreciation.
In addition, in 2008, the management of timberland is steadily moving from manufacturers of timber-related products to timber management organizations that have the technical and market knowledge to maximize yield, increase transparency and enhance investor return. If you haven't considered timber as an investment, this article will give you some reasons why you should, as well as a few simple ways to add this asset class to your portfolio. (Alternative Assets For Average Investors explains how investments in non-financial assets can help diversify your portfolio.)
Fundamental Market Change
Since the early 1990s, a fundamental change in the ownership of commercial timberlands has occurred. Major manufacturers of timber-related products have historically owned timberlands to ensure access to the supply of trees. Increasingly, these companies are divesting their tree stock, and the associated management and farming issues, by selling it to investors and management companies with the financial and forest management knowledge to maximize production. Manufacturers can ensure access to supply by entering into supply contracts with owners. These supply contracts are usually made at pre-negotiated prices, allowing manufacturers to hedge movements and volatility in timber prices.
$DLCR did not own Paradise Gardens then.
They do now ...
Accurate timeline
Very logical progression
Very logical steps
Running a real business
Considering they rolled over year after year.
It was a valid assumption
He was most likely assuming the 3 other old note holders were gonna role over their notes like they have year after year.
Did they convert ?
Next filing will reveal.
Share payed debt and lowered liability going forward.
PPS reflects this now sitting 1 tick above 52 week low.
OS is maxed out.
Debt is not magic, its documented in the filings.
Buying opportunity down here with revenues coming in and maxed OS.
Clarity of remaining debt and its impact will be revealed in next filing.
Selling down here is selling at the bottom.
He only refers to Auditor and Blackbridge.
There are other notes in the filings.
Email was accurate.
He explained the timing on another email !
At the time of that email, The email was factual
Present all the facts !
And he cannot control debt holders actions from one day to another
Filings are clear
I am anxious to see how much debt was cleared and whats left going forward
Warren cannot control what the debt holders do and all is publicly documented in the filings.
He does control how he prices his new shares at .006 and whether he sells his other shares.
Seems he is holding for future growth.
That alone speaks volumes.
Excellent post.
That was a clear message from the CEO to his shareholders.
Buying shares now at 1/6 the price sounds like a bargain to me.
178k left at 11
$DLCR fair market PPS
Current market CAP
OS (466 million) times .001 = 466K ?
Based on it's first starter revenue generating project (with more to come), revenues of 3 mil/year (as per last PR) this stock should be trading in the pennies.
The Fair PPS for the company can be calculated based on projected revenues and then applying a P/E ratio.
The industry standard for P/E for a company in this sector (Paper/Forest Product) is 27.96 (see link below)
http://pages.stern.nyu.edu/~adamodar/New_Home...edata.html
The price-earnings ratio (P/E ratio) is a valuation measure that compares the level of stock prices to the level of corporate profits, providing investors with a sense of a stock’s value. To calculate a company’s P/E ratio, use the following formula:
P/E ratio = price per share / earnings per share (EPS)
Where EPS = earnings/total shares outstanding
Simple math tells me we should be well into the pennies.
Was not getting replies to my emails
I have sent many
When the same question that has been answered countless times resurfaces by same poster.
That person has an
Agenda and goes on my iggy list !
No credibility there.
I do not see any listed in OTC
Then Warren represents them and has full authority to do what he pleases including giving himself shares at 600% over market price (.006)
What's important is he is not selling his shares.
Rare in a penny stock
The question on previous revenue was already answered in past posts.
We did not own Paradise gardens then. Management services only and minimal revenue.
We do now.
As for the 150k, that's a board of directors decision and Warren needed those voting rights to pass the AS increase.
Never give credit to a poster with an obvious agenda and no shares !!!
As revenue and profits increase, a share buyback is viable.
I am sure Warren would want to get out of this manipulation & flipper infested penny market ASAP.
This company with a billion in contract assets does not belong here.
Anxious to see 10k (due EOM) and what's left in the books regarding debt.
Warren is in the US this week with the auditors.
"On Dec 6, 2016, at 8:59 AM, admin <admin@kibushcapital.com> wrote:
xxxxx
Travelling currently back to the office next week will reply then.
Warren
Sent from my Samsung Galaxy smartphone."
Hopefully he can add those huge contract assets in the filings.
This last few months have cleared IMO a significant amount of debt from the books.
Let's see what 2017 has in store for us !
Ignore the noise here from the few with agendas.
This stock is golden.
Warren needs to PR the current & future debt status and what he is doing to curb its appetite.
Just under 6 mil t trade after hour
Looks like OS still not maxed out 100%
14's !
1 mil ask slap 1t 12, here we go
Assets can be included in next filing (10k).
Really depends on what is allowed which legal counsel will decide.
Huge ....
Not odd
The main reason for it was to give himself 500 mil voting rights so that he can pass the AS increase when combined with his 67 million shares.
Exactly !
Sure there are eyes on us waiting on sidelines for reversal.
Next move will be dilution free.
Low volume before a reversal is common.
Some 11's to chew through
Very low volume
Very little retail selling at the bid
No dilution
A day or two like this and then we start an uptrend IMO
Close .0011 for today is fine
Knowing that Warren has not sold a single share is what keeps me here.
Most pink CEO's are continuously lining their pockets on shareholders back.
Warren is growing the company and has priced his latest shares at .006.
That's speaks volumes for me.
Quite frankly...
P&D whales we don't need !
We need whales that see how undervalued we are and hold for more than 3 days !
In the (Sept 27th PR) the company communicated info on debt and share structure.
See below as per PR
"To assist with our new operations in Papua New Guinea, Blackbridge Capital has extended a new facility of $100,000, which as noted in our Form 8-K filed on September 12, 2016, had been drawn down by $25,000 leaving a further facility of $75,000 outstanding. This facility is not to be confused with the $105,000 convertible note to Blackbridge Capital which has been repaid in full via its conversion feature, this new facility with Blackbridge Capital cannot be converted for six months from each drawdown. Our total outstanding shares have increased since last reported due to such conversions. As of September 25, 2016, we had a total of 254,513,362 shares of our common stock outstanding. The Company is attempting to reduce its reliance on convertible notes and we believe the new revenues from Rigo will help ease such reliance in the near future."
In the two months following, the OS grew by around 200 mil. Not sure if that number includes Warren's new 25 million shares at .006.
In either case those shares converted should have paid 150-200k worth of debt. That is significant liability off the books.
Company also may have issued shares to auditors and lawyers to pay for the upcoming yearly expensive audited financials.
There was a total of 88k of old debt (3 debtors) that may have decided to convert prior to 2017.
Company should update shareholders on current debt situation and provide guidance on future debt as it works on becoming cash flow positive.