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IIRC, posting the same message more than twice a day is considered spam by IHUB's TOS. Will review when I get time, but don't be surprised if some posts violate the spam rule.
Looking forward to the 2 new ABS teams this year courtesy of Valiant.
First off, Happy Thanksgiving to the HHSE poster (bullish or not). Safe travels. I don't post much anymore as HHSE is, IMO, is just a shell. The Failure continues to balme others for his failures. There was no need for the comment about Desiree, just say she left. Shows how low this scumbag is.
Just keep in mind that they settled a $10mm+ debt for 9 billion is shares under a court administered 3A10. That is going to kill any positive news, which really never comes out
These podcast provide little to no information. What are the sales of each of these companies, are being audited, which most acquiror would want prior to merger.
Another crappy Q, sales are way, margin is shrinking, still loaded with debt and payables are stretch beyond control.
Also found this little nugget. I fthey screw up this relationship, its over
I think this is my first post here, but have followed it for a month or so. Most telling, besides no revenue, is $0 of inventory/solar panels. Not a good sign.
Get over it, you gambled and lost. Get over it. Move on!!
In this case, yes
Not saying he hasn’t done well since, but the history is true
It is true, there was a pic of him outside the mobile home back in the raging Bull days, along with his real name. Used to go by Randolph & Mortimer (the Duke brothers) from movie Trading Spaces
Yes, interesting, not one review by a movie reviewer.
Agreed, JMO, the accounting process/team sounds to be in complete disarray and cash forecasting probably suffered causing the need for the loan. The new CFO needs to get this cleaned up asap.
I don't have a problem with getting a loan, but if you do the math, it works out to 48% interest rate
Just came across this from another board, that is some hefty interest rate
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On November 8, 2023, Alpine 4 Holdings, Inc., a Delaware corporation (the "Company"), and certain of its subsidiaries (collectively, the “Borrowers”) entered into a Standard Merchant Cash Advance Agreement (the “MFG Cash Advance Agreement”) for gross proceeds of $1,050,000 with Meged Funding Group ("MFG"), an unrelated third-party financial institution, for the purchase and sale of future receipts pursuant to which the Company sold in the aggregate $1,480,500 in future receipts of the Company and the Borrowers for gross proceeds of $1,050,000.
Under the terms of the MFG Cash Advance Agreement, until the purchase price has been repaid, the Company must pay $56,942.30 each week for 26 weeks with the first payment being due November 13, 2023. The financing arrangement is secured by an interest in collateral of select subsidiaries that had no other banking encumbrances, as well as that of the holding company itself (the “MFG Collateral”), that is defined as collectively: (a) all accounts, including without limitation, all deposit accounts, accounts-receivable, and other receivables, as those terms are defined by Article 9 of the Uniform Commercial Code (the “UCC”), now or hereafter owned or acquired by any Borrower; and (b) all proceeds, as that term is defined by Article 9 of the UCC. Prior to the entry into the MFG Cash Advance Agreement, there had been no previous relationship between the Company or any of its subsidiaries and MFG. Due to delays in the anticipated closing of the sale of the Company’s shares and warrants pursuant to this registration statement, the financing was deemed necessary for working capital purposes. The MFG Cash Advance Agreement with MFG is filed herewith as Exhibit 10.1, and the foregoing description of the MFG Cash Advance Agreement is qualified by reference to the full text of such agreement.
Was thinking the same thing, esentially the new Streeterville $1MM financing went to pay off rory. Rory and Board suck
Found this nugget in the 10Q. Despite the company's poor financial condition, old rory decides to repay his loan.
today by the 5:30 pm est
No they are due today, October had 31 days. Need to file by 5:30pm est for the CFO to get his bonus
Aren't fins due today by 5:30, hate to see the cfo lose the $5k bonus for filing on time
Miss the old quarterly conf. calls. XYC for X firm, “congrats on the quarter” lmao
I keep getting the error message telling me to go back, but can pull up individual boards but not my favoriets. Any suggestions? TIA
Once again, the Failure prepared the financials vs the former CPA who alledgedly only "reviewed" them. Makes no sense, nor does Sue Bartholomew, whom the Failure stiffed for $150k 12 years ago and sued and won, stepping up to lend the company some fresh capital. SMH
Saw this on another board. I missed this in recent 10Q:
“On May 16, 2023, the Company received a redemption notice of $0.3 million under the terms of the November Note Purchase Agreement. The Company missed two payments resulting in a Payment Failure Balance Increase of 10% on the outstanding principal balance per occurrence pursuant to the terms of the agreement totaling $1.2 million. During the six months ended June 30, 2023, the Company paid $0.4 million in cash and $0.3 million in shares. As of June 30, 2023, the outstanding balance of the Notes amounted to $6.4 million.”
JMO, if the alledged incoming company, if it gets financing, it wouldn't be a standby letter of credit. Imports/exports are done using commercial letter of credits for each shipment that is issued by the buyer to the seller outlining exactly what is being shipped, shipping terms, payment terms (USD or other currency), etc. The seller takes it to their bank and can borrow 80% against the value of the commercial letter of credit. In the case of china, would probably take it a US correspondent bank that has the relationship with Chinese bank issued the commercial letter of credit. FWIW
4 biz days, my guess is after hours on Friday
Hello Wadi, yes the horse movie was released at the festival and COC is now free on Tubi. The first real things done in the last 4 years, since the dismal release of the Algerian/Sleeper cell. Interesting that a week or so ago, it was stated that the horse movie would do $10MM, now revised to $2.5MM. But still there is no interest in the stock. JMO, the books are such bad shape that they can't be audited and if so, will reveal a technically BK company with the Failure directing previoius income to shell corps he owns, none to the benefit of shareholders. The only thing, IMO, that will move this stock is Form 10 and/or Myflix which I dont think will ever happen.
As I remember, shipments into or from China were done via commercial letters of credit not standby letters of credit. This allows the recipient to accept the goods, shipper gets paid and has 60-90 days to pay. This is all done thru a bank and corresponding bank in China.
SBLC doesn’t ensure these safeguards.
Not a lot selling on open accounts in China.
How is the MyFlix launch going?
Hopefully the photog from the screening got paid in advance as we remember what happened to the last photog.
I wonder whose couch the Failure is sleeping on tonight in Dallas.
It's trading but unsolicited quotes only. They lost their 211 when they went to the expert market.
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I don't disagree with anything you stated, never been a shareholder, but followed this for years. Never understood the biz model given the prohibition on foreign ships. I just scratch my head that, if the tech works, why not make some money on it off of 3rd parties.
i agree. Why not use the sea searcher on 3rd party sites, not lease it to 3rd parties, but charge 3rd parties to have the Seafarer team operate it and demonstrate its capability. A good source of revenue as well.
Heat up food is not what a craft beer experience is about. Bad move on their part
Shouldn't this company be announcing a big harvest? They are really crappy at providing updates
IIRC its takes a clsoing bid of $1 for 10 consecutive days to reset the clock
Cannabis Cowboys is a Lionsgate moment, lmao
Hey, ass wipe, trying googling what is happening I the craft brewing space, not promising
From hero to zero in a very short period of time