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re: "...another product will be announced soon to be sold in those machines..."
That's the inference that's left hanging in the announcement, I agree. The NCR mention may have been a teaser, you're right about that. This CEO historically has assisted small companies in going public, and LCLP as a 3PL company assists other companies in getting their products to market, as well as globally marketing their own branded products.
The only things known for certain at this time are that, 1) LCLP is acquiring up to 4000 vending kiosks (forget the branding - that's irrelevant); 2) LCLP is finally becoming debt-free as a result. The conversion of debt to equity achieves this goal. As yet, the "...certain assets" portion has yet to be defined, as well as any other details.
The deal is an interesting turn of events, to say the least. Look forward to the follow-on steps.
Mobeego vending machines is quite funny, given the overwhelming cash flow the bumblebee can has generated thus far. Maybe include bottles of dehydrated water, too! We'll have to just wait to find out what the actual game plan is on this one.
Whole new ballgame if the kiosks accept BTC/LTC/ETH/XRP/XLM, etc.
Screwy Huey tried going in a dozen directions without the $$$ to back it up - a veritable Gilligan at the helm, as it were. We're much better off now, as can be seen in this short duration already.
The deal with Ascenda was nixed, as well as the deal with HP. No cannabis division, nobody to staff one with, no nada.
I would think NCR would infer ATM capabilities; however, being it's Mexico, you may think Western Union, considering how many USDs get sent from the U.S. back to Mexico each and every day.
I think the key difference this time around is that the CEOs of the past tried to grow the company without a balance sheet to back it up. This CEO has been methodically knocking down debt in lieu of growth, until such time as an opportunity presents itself. This may or may not prove to be one, but in any case the debt is still dwindling.
It may be worth noting that, at least for a mid-term goal...should this deal go through... the target price of $5.oo+ is necessary to qualify for applying for NASD listing. I'm sure it's on the radar.
Right, not at present. VR has kept tight reins on the O/S. This new deal may mix things up, although with the capital supposedly being raised by VBM as a private entity (pre-talks), the added S/S should be insignificant.
Re: dilution - have to respectfully disagree on that one, Penny. The 8-K clearly states 'fully diluted shares,' which puts the entire 5 Bn in play for purposes of the deal. As for how that will shake out in upcoming months while VBM is still trying to attract investors is a huge question.
Well, they still retain 35%, to include acquiring certain assets (kiosks, etc. and the revenue they generate) - so it's at least an amicable agreement. I'd like to know if shareholders that have been holding for say, a year or longer, get a 1-time worthwhile dividend. The other foot has yet to drop ~ as in the 10-K. Wait for that one...
The Cliff Notes version is: This is a 'quiet' IPO for VidBoxMexico by giving them a 65% controlling interest in this company - they circumvent the usual hoops of a traditional IPO process.
The 10-K filing is going to be interesting to see
What CEO worth their salt is going to rush over, snatch up this empty glass of a company, take a big swig and satisfy their thirst with it? Answer: none. Ergo, merger talk (at this time) is beyond premature & redonculous..
At best, the clock for LCLP starts October 17th when Canadian Legalization goes into effect, if it does, in fact, get into that arena. Subject to any PRs prior to the end of the quarter, anything could happen at any time.
It's a little unfortunate that the first filing after getting caught up and current had to be a late filing, but still...maintaining that current status will be a pure positive in light of the recent past. Probably going to be an 'after the bell' release. Next quarter though - that may be the interesting one.
Actually, the NYSE & NASDAQ are open - only the bond market is closed on Monday. Still, though, the 12th would be the cutoff date for the filing grace period. Not expecting anything Earth-shattering TBH.
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof:
[ ] Yes [X] No
Reading is fundamental.
I think most of us welcome the news, True - it stands to be positive as this CEO seems to have solid credentials with handling startups as well as money Mgmt, and she's living up to it it seems.
GL to you, as well, but (re)read the company's concept of operations and think "Amazon/AliBaba"...not "Beatrice Co.s"
This company assists other companies by making markets for their products, getting their products TO market, advertising & selling and...ideally...acting in an exclusive distributorship role. It doesn't seek to merge with every potential client company it brings on board.
Being a big board listed security has no bearing on whether or not a business move is based on sound principals & judgement. The two are exclusive of each other.
Why is that? What purpose? What's to be gained vs the risk? What sense would it make given this company's objectives?
The update makes a great shot of confidence and signal some were looking for before sliding back in. A good precursor to tide things over until the next quarterly is out.
If nothing else, the past week has shown the potential movement given positive legitimate news, say like a 10-Q with much lower debt. Suffice it to say, it's still being watched, albeit maybe from the sidelines.
Why go through the financial and legal contortions of a merger if you can secure the exclusive distributorship rights for a company's products/services and achieve the same means without exposure to the liabilities of any future operational negative effects? Maintaining such a firewall makes a lot more sense.
I suppose it's totally out of the question for a pharmaceutical research & development company to secure funding through channels such as Grants, Loans, Private Placement Arrangements, Licensing Agreements and other arrangements based on the patents they hold and forthcoming distribution forecasts. Yeah, probably so.
This company and Kalytera have completely different objectives / market focus. This company is concerned with B2B / 3PL which, at best, would shoe horn into what Kalytera is doing (R&D). A business relationship between the two would be mutually benficial, but that's about as far as it should ever go as I see it, due to their differing concepts in operations, as stated.
Let's get a few things straight, shall we? First off, neither Gruder nor Long were the sharpest spoons in the drawer. They tried running the company like a teenager with a credit card; that is, expanding and entering into agreements with no real plan on how to pay for them and no resources to do so. When they did manage to secure some funding, it was via venture capitalists.
Now, let's consider what venture capitalists do. They're in the business of making money by lending money. Yes, there are two kinds - black hats and white hats. The former are the kind that take advantage of struggling companies and convince them to accept funding at exhorbitant rates with ridiculous conditions.
The current CEO is liquidating all funding notes previously entered into as quickly as possible in a bid to bring the company into the black while bringing the requisite SEC filing current. These are prerequisite steps much like building a credit rating, per se, and will be looked at if and when this company hits the coveted $5.00+ threshold and qualifies for NASDAQ application listing status. In short, killing off each and every outstanding debt note might upset a few VC's who have come to rely upon this company for revenue, and see it coming to an end.
Ok234, I'd have to clarify on that by saying the following:
Before taking a position, identify three things:
1) You're entry point price
2) You're exit point price
3) You're acceptable stop-loss price
If you do enter into a position, have a stop loss order at your acceptable price point just below your entry point - you won't lose your shorts that way. If the price does continue to rise, cancel and raise your stop-loss order accordingly to lock in profit and prevent any surprises. In any case, minimize risk as much as possible.
.0009 open is probably the right call, yeah. Looking like a tight trading window for the week, though, as far as I can tell - 7's for the bottom and maybe 14'ish for the top...merely my guesstimation.
The situation has been dealt with and has been turned over to the SEC - end of story. It would be best to stop posting the fraudulent story, btw, and kill every version of it in compliance with the take down order. The lie deserves no further notoriety or exposure, ergo, let the SEC handle it from here.
2016/2017? Really? You gotta try a little harder than this...
Hey Rhinegold, one thing you're not mentioning is that what you're talking about is probably taking place on a foreign exchange - not a U.S. exchange. I can't think of a domestic brokerage house that allows shorting of microcap securities as a general rule of practice. Also, for example, LCLP's shares are held by DTC, who acts as the market maker for trades, and they're not registered/listed on any foreign exchanges. This would preclude any such shorting on this stock or any other stock handled by DTC.
Ummmm...no. Just, no. Socialism has failed everywhere it has been implemented, and it has no place here. Leave the U.S. Capitalist free markets alone, thank you very much.
Re: Penny
No one knows why or who published the article.
This one is quite easy to find out with the cooperation of the ISP, via IP reverse search, geotracking and CPU ID, etc. Not rocket science.
Everything else points to the fact a MJ merger is in the works here, the companys shared management, Kaya and Therakline companys Plus the Buzz Capital Merger into Kaya and a yet un-named company set to Close in Sepetember.
Nothing of the sort. If you haven't heard anything officially from the management of LCLP, it's not legit. Forget about it. A person can serve two masters without it inferring they're going to get married, ya know. Don't assume anything and deal strictly with facts - it's safer and easier that way.
Re: analyst reports - absolutely. Many, if not all, have their own vested interests at heart. No good decision is ever based on just one single source of info, so a variety of charts/reports/opinions are always advisable.
To be honest, all market movements are the result of hype & panic - only in the traditional markets the sources are called "market analysts."