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I hope Troy looks into a B preferred stock like he said on the CC. it's a win win for common and preferred. the common does not get diluted and the big investors that put up the money get preferred stock that has rights and can trade under a separate stock symbol right away.. no waiting..... then the common should go right up to new highs....
any one read this news out today about there subsidiary. this must be why the big spike in the stock lately.. https://finance.yahoo.com/news/titan-energy-announces-agreement-sell-121500603.html
That's why a B preferred stock needs to be issued with a stock symbol. that way no dilution to common.. I seen other company's do this so not to dilute common. and it can be traded just like common shares. most investors want preferred shares because they get rights over common if the company should be liquidated.
no when it goes to legal they can sit on it for few days. they work at there pace not snmn....
Paul Mitchell schools has close to 4,000,
000 in revenues and nets over a million. That means at 50 percent ownership snmn will be making 500,000. This is unbeliable. Where do you find a stock trading at these levels which makes money. Also has investors lined up that want to invest 'in this company already. Reg A to be filed next week.
REALITY CHECK.. 1. Troy said all financials would be brought up to date. they where . 2.Troy said he would eliminate 2.2 billion shares. and they where. and this was done in only 6 months which was a short time for doing this, especially in a Florida court. 3. said he would complete acquisition's after the share reduction if they where good company's which he is doing. 4. said Reg A would be filled after share reduction and all acquisition's completed. which he is doing.. great accomplishments. all share holders should be proud of there ceo
any read the 10k out yesterday. if I read this right if you own shares or units as they call the shares you buy,, and they sell any of the company or reduce debt you have to show it as gains..looks like units is defferent then owning stock. here it is read.. Tax Risks to Unitholders
We expect to engage in changes to our capital structure, such as transactions to reduce our indebtedness, that will generate taxable income (including cancellation of indebtedness income) allocable to unitholders, and income tax liabilities arising therefrom may exceed the value of a unitholder’s investment in us.
We continually monitor the respective capital markets and our capital structure and may make changes to our capital structure from time to time, with the goal of maintaining financial flexibility, preserving or improving liquidity, strengthening the balance sheet, meeting debt service obligations and/or achieving cost efficiency. As such, we are actively evaluating potential transactions to deleverage our balance sheet and manage our liquidity, which could include reducing existing debt through debt exchanges, debt repurchases and other modifications and extinguishment of existing debt. If, as expected, we execute such a strategic transaction, we expect that we would recognize cancellation of indebtedness income (“CODI”), which will be allocated to our unitholders at the time of such transaction. See “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations” for a discussion of liquidity and capital resources.
The amount of CODI generally will be equal to the excess of the adjusted issue price of the restructured debt over the value of the consideration received by debtholders in exchange for the debt. In certain cases, CODI can be realized even when existing debt is modified with no reduction in such debt’s stated principal amount. We will not make a corresponding cash distribution with respect to such allocation of CODI. Therefore, any CODI will cause a unitholder to be allocated income with respect to our units with no corresponding distribution of cash to fund the payment of the resulting tax liability to such unitholder. Such CODI, like other items of our income, gain, loss, and deduction that are allocated to our unitholders, will be taken into account in the taxable income of the holders of our units as appropriate. CODI is not itself an additional tax due but is an amount that must be reported as ordinary income by the unitholder, potentially increasing such unitholder’s tax liabilities.
Our unitholders may not have sufficient tax attributes available to offset such allocated CODI. Moreover, CODI that is allocated to our unitholders will be ordinary income, and, as a result, it may not be possible for our unitholders to offset such CODI by claiming capital losses with respect to their units, even if such units are cancelled for no consideration in connection with such a restructuring. Importantly, certain exclusions that are available with respect to CODI generally do not apply at the partnership level, and any solvent unitholder that is not in a Chapter 11 proceeding will be unable to rely on such exclusions.
CODI with respect to any future transaction undertaken by us will be allocated to our unitholders of record (as applicable) on the date on which such a strategic transaction closes (the “CODI Allocation Date”). No CODI should be allocated to a unitholder with respect to units which are sold prior to the CODI Allocation Date.
Each unitholder’s tax situation is different. The ultimate effect to each unitholder will depend on the unitholder’s individual tax position with respect to its units. Additionally, certain of our unitholders may have more losses available than other of our unitholders, and such losses may be available to offset some or all of the CODI that could be generated in a strategic transaction involving our debt. Accordingly, unitholders are highly encouraged to consult, and depend on, their own tax advisors in making such evaluation.
Unitholders are required to pay taxes on their share of our taxable income, including their share of ordinary income and capital gain upon dispositions of properties by us or cancellation of our debt, even if they do not receive any cash distributions from us. A unitholder’s share of our taxable income, gain, loss and deduction, or specific items thereof, may be substantially different than the unitholder’s interest in our economic profits.
Our unitholders are required to pay federal income taxes and, in some cases, state and local income taxes on their share of our taxable income, whether or not they receive any cash distributions from us. Our unitholders may not receive cash distributions from us equal to their share of our taxable income or even equal to the actual tax liability that results from their share of our taxable income.
We expect to engage in transactions in the future that would result in CODI that will be allocated to our unitholders. Some or all of our unitholders may be allocated substantial amounts of such taxable income, and income tax liabilities arising therefrom may exceed cash distributions. The ultimate effect to each unitholder would depend on the unitholder’s individual tax position with respect to the units; however, taxable income allocations from us, including CODI, increase a unitholder’s tax basis in their units.
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In addition, we and our subsidiaries may sell a portion of our properties and use the proceeds to pay down debt or acquire other properties rather than distributing the proceeds to our unitholders, and some or all of our unitholders may be allocated substantial taxable income with respect to that sale. A unitholder’s share of our taxable income upon a disposition of property by us may be ordinary income or capital gain or some combination thereof. Even where we dispose of properties that are capital assets, what otherwise would be capital gains may be recharacterized as ordinary income in order to “recapture” ordinary deductions that were previously allocated to that unitholder related to the same property.
A unitholder’s share of our taxable income and gain (or specific items thereof) may be substantially greater than, or our tax losses and deductions (or specific items thereof) may be substantially less than, the unitholder’s interest in our economic profits. This may occur, for example, in the case of a unitholder who purchases units at a time when the value of our units or of one or more of our properties is relatively low or a unitholder who acquires units directly from us in exchange for property whose fair market value exceeds its tax basis at the time of the exchange. Cash distributions from us decrease a unitholder’s tax basis in its units, and the amount, if any, of excess distributions over a unitholder’s tax basis in its units will, in effect, become taxable income to the unitholder, above and beyond the unitholder’s share of our taxable income and gain (or specific items thereof).
In addition, we have issued and outstanding as of December 31, 2016 approximately 1.8 million Series A convertible preferred units with a liquidation preference of $25.00 per unit (the “Series A Preferred Units”) to certain members of our management, two management members of the Board, and outside investors. All of the Series A Preferred Units are convertible into approximately 5.7 million common units at the option of the holder at any time. If the Series A Preferred Units are converted into common units, net income that otherwise would have first been allocated to the Series A Preferred Units will instead be allocated to all common unitholders, including the holders of common units received in the conversion. Such net income allocations could include types of income, including CODI, for which our unitholders may not receive cash distributions from us equal to their share of such taxable income or even equal to the actual tax liability that results from their share of such taxable income.
Our tax treatment depends on our status as a partnership for U.S. federal income tax purposes, as well as our not being subject to a material amount of entity-level taxation by individual states. If the IRS were to treat us as a corporation for U.S. federal income tax purposes or we were to become subject to a material amount of entity-level taxation for state tax purposes, taxes paid, if any, would reduce the amount of cash available for distribution.
The anticipated after-tax benefit of an investment in our common units depends largely on our being treated as a partnership for U.S. federal income tax purposes. We have not requested, and do not plan to request, a ruling from the IRS on this or any other tax matter that affects us.
We are currently treated as a partnership for U.S. federal income tax purposes, which requires that 90% or more of our gross income for every taxable year consist of qualifying income, as defined in Section 7704 of the Internal Revenue Code. Qualifying income is defined as income and gains derived from the exploration, development, mining or production, processing, refining, transportation (including pipelines transporting gas, oil, or products thereof), or the marketing of any mineral or natural resource (including fertilizer, geothermal energy and timber). We may not meet this requirement or current law may change so as to cause, in either event, us to be treated as a corporation for U.S. federal income tax purposes or otherwise be subject to U.S. federal income tax. We have not requested, and do not plan to request, a ruling from the IRS on this or any other matter affecting us.
If we were treated as a corporation for U.S. federal income tax purposes, we would pay U.S. federal income tax on our taxable income at the corporate tax rates, currently at a maximum rate of 35%, and would likely pay state income tax at varying rates. Distributions to unitholders would generally be taxed as corporate distributions, and no income, gain, loss, deduction or credit would flow through to them. Because a tax may be imposed on us as a corporation, our cash available for distribution to our unitholders could be reduced. Therefore, our treatment as a corporation could result in a material reduction in the anticipated cash flow and after-tax return to our unitholders and therefore result in a substantial reduction in the value of our common units.
Current law or our business may change so as to cause us to be treated as a corporation for U.S. federal income tax purposes or otherwise subject us to entity-level taxation. In addition, because of widespread state budget deficits, several states are evaluating ways to subject partnerships to entity-level taxation through the imposition of state income, franchise or other forms of taxation. If any state were to impose a tax upon us as an entity, the cash available for distribution to unitholders would be reduced.
could be a company in France wanting to come public on a American exchange. he said agreement made tonight when he posted which it would of been over there.. just speculation
Time for Reality check again for those that missed it.. REALITY CHECK.. 1. Troy said all financials would be brought up to date. they where . 2.Troy said he would eliminate 2.2 billion shares. and they where. and this was done in only 6 months which was a short time for doing this, especially in a Florida court. 3. said he would complete acquisition's after the share reduction if they where good company's which he is doing. 4. said Reg A would be filled after share reduction and all acquisition's completed. which he is doing.. great accomplishments. all share holders should be proud of there ceo
for those of you that did not see this here it is again. fantastic ceo who is not using toxic financing, try find a penny stock ceo not doing that,, REALITY CHECK.. 1. Troy said all financials would be brought up to date. they where . 2.Troy said he would eliminate 2.2 billion shares. and they where. and this was done in only 6 months which was a short time for doing this, especially in a Florida court. 3. said he would complete acquisition's after the share reduction if they where good company's which he is doing. 4. said Reg A would be filled after share reduction and all acquisition's completed. which he is doing.. great accomplishments. all share holders should be proud of there ceo
REALITY CHECK.. 1. Troy said all financials would be brought up to date. they where . 2.Troy said he would eliminate 2.2 billion shares. and they where. and this was done in only 6 months which was a short time for doing this, especially in a Florida court. 3. said he would complete acquisition's after the share reduction if they where good company's which he is doing. 4. said Reg A would be filled after share reduction and all acquisition's completed. which he is doing.. great accomplishments. all share holders should be proud of there ceo
I think any common that is issued will fall under rule 144 , which means they have to be held a year before they can be sold...
the company I was talking about was a penny stock. warrants can be the kiss of death to a company...do some research on how people that get common stock and warrants short the common.
NO WARRANTS.. NO WARRANTS.. THAT brings shorts into the stock. it's called Arbitrage . I seen a company that had a lot of potential and issued warrants and drove the company price to nothing. I repeat no warrants. look up the word Arbitrage
what was very interesting on the call today and no one seems to mention it here, is the company he is waiting for to acquisition and will take a few more days to complete, has revenues. he considers this the biggest deal of all the acquisition's, and want's to complete this before filing reg A and then he will put out news....
and remember this ceo is not doing toxic financing...he stated this right on twitter. also he eliminated 2.2 billion shares. the float will be around 700 million. try and find another marijuana company that is doing this and trades for this cheap..also this is a full reporting company.. ceo is doing a great job. here is ceo statement..: [[[Not one toxic public debt note is in this deal, we have raised $$ via private investors so far. Quite an accomplishment]]]].
ceo is looking better every day. look's like he's turning this into a great company. can hardly wait for news and filings.
from are ceo on twitter: Things moving along nicely, big things ahead!
Cooperman has been selling his shares for the last few months. . today was the last of them . now we should move back up. http://services.corporate-ir.net/SEC.Enhanced/SecCapsule.aspx?c=197317&fid=14907686
Like this company more every day compared to other marijuana companys. When a company like mjna trades for .13 cents and has over 3 billion shares and snmn is only .0007 and has less then 1/3 that amount of stock this looks really under valued. Also other marijuana company's use toxic financing. Troy already said he will not use toxic financing but private investors. What more could you ask for.
latest tweet from are ceo troy on twitter: SNM Global Holdings? @snmglobal · 23m23 minutes ago
Not one toxic public debt note is in this deal, we have raised $$ via private investors so far. Quite an accomplishment
After bell Friday bunch of 4 where filed. They all took cash instead of stock or units any one know why ???
Never know. Maybe even more . mjna trades for .12 cents and has over 3 billion shares. Has traded as high as .21 recently. So mjtk looks good after the 8k today that was put out after hours.
one reason for selling was because marijuana could face federal laws. but this came out this afternoon. should calm people down.. read http://www.politico.com/story/2017/03/jeff-sessions-marijuana-crackdown-senators-react-235616
this just out this afternoon. looks good for mjtk http://www.politico.com/story/2017/03/jeff-sessions-marijuana-crackdown-senators-react-235616
15 million buys and only 5 million sells today. accumulation in progress. should break out soon. http://ih.advfn.com/stock-market/USOTC/snm-global-holdings-pc-SNMN/trades
SNMN new share count at otc. 2.2 billion shares canceled and maybe another 200 million to be canceled. ceo having conference call tomorrow at 11.00. it also a marijuana stock. http://www.otcmarkets.com/stock/SNMN/profile http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129112736
2.2 billion was canceled. lot of people don't know it yet. the figure was just updated today on otc. make's your stock worth a lot more..
new stock figures at OTC. http://www.otcmarkets.com/stock/SNMN/profile
Way more buys then sells today. http://ih.advfn.com/stock-market/USOTC/snm-global-holdings-pc-SNMN/trades
I need to get my eyes check I see there is info on green. but I do not see share structure or vodka on intro...
we need a update on the intro. several people have requested it including me and seems to fall on deaf ears. there nothing about the reduction of 2.2 billon shares and now the share structure is under 959 million . that is very important, there nothing about the green marijuana or the vodka acquisition's. who is the one that does the intro updates any way... when some one new come's to this board all they see is coco and that old movie so they probably just move on.. intro has a lot to do with people investing in this company. i know when I look into investing in a new company first thing I do is read the intro to see share structure and what the company is into.. this intro now just scare's people away and when they go to the otc and see 3.2 billon shares listed, they just walk away...
could you post that on the intro. thanks
new tweets on twitter.https://twitter.com/snmglobal