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I hope so, it would be great!
For me they are not likely to split the stock because, according to the S-1/A filing, there could be around 362,327,481 shares outstanding after the offering and if they split the stock they won't have a lot of room to issue new shares anymore because 362,327,481 x 2 = 724,654,962. Or they would have to change the limit once again. But maybe I haven't understood it right...
But, as we can see, from what they say in the S-1/A filing, there would only be 37,672,519 shares left they can issue after the offering if they didn't change the limit from 400 millions to 750 millions. So I suppose it's the reason they wanted to do that.
50 Cent/G-Unit currently potentially owns 30,000,000 shares according to the Pre 14C filing.
("Includes 7,500,000 shares of common stock issued and outstanding, 7,500,000 shares of common stock underlying our Series A Warrant, 7,500,000 shares of common stock underlying our Series B Warrant, and 7,500,000 shares of common stock underlying our Series C Warrant granted pursuant to our October 2010 Private Placement. G Unit, Inc. is reflected as a Selling Security Holder. Curtis E. Jackson, III has voting and dispositive control over securities held by G Unit, Inc. Address is c/o G. Collins & Company, LLC, 8-10 West 37 th Street, 4 th Floor, New York, New York 10018.")
From the S-1/A filing:
"SUMMARY OF THE OFFERING
Common stock outstanding before the offering: 217,677,481
Common stock offered by selling security holders: Up to 208,914,845 shares of common stock, including 134,250,000 shares underlying warrants, and 10,400,000 shares underlying the Placement Agent Option.
The maximum number of shares of common stock to be sold by the selling security holders, 208,914,845 represents approximately 96% of our current outstanding common stock.
Common stock to be outstanding after the offering: Up to 362,327,481 shares based on 217,677,481 shares of common stock outstanding as of February 7, 2011, and the exercise of all outstanding warrants, and the issuance of securities underlying the Placement Agent Option."
But the thing I don't understand here is that 217,677,481 + 208,914,845 = 362,327,481... Maybe a mistake?
I'll get myself a Nubrella and I'll try it when cycling in the rain.
Thank you for your information!
I hope it will happen.
I'm at 1,58 €/share so I would be happy with 2,5.
Maybe I'm a bit too cautious but if it doesn't happen it could drop sharply I think so I haven't bought more than I have since January even if I could have done so.
I bought some HNHI shares instead and it could even be more interesting if it goes up again like it did some time ago and goes past 1.68...
I may also be biased because I was trained as a sound engineer, am not very interested in sport competitions and don't cook anything on a grill...
I checked reviews about Foreman's products and it seems their success is also due to their innate qualities and because they were right on with what people were looking for.
Here: http://www.cnbc.com/id/38657945/Foreman_s_Grill_Deal_Best_In_Sports_Marketing_History
they say: "Since then, most of Foreman's other products haven't made a mark, including a shake line, a shoe line and a line of frozen meats. George Foreman Enterprises, which licenses Foreman's name to companies, trades on the pink sheets and has been fairly inactive in recent years."
So from this we could say that whether 50 Cent can sell 100 millions of his headphones like the grills doesn't only depend on the fact that he is famous or not, it's multifactorial, with the other big names being an interesting factor with some others.
I found something interesting about the Beats by Dr. Dre headphones when searching for some information on their sales figures. So it should be fine with those by 50 Cent if it goes the same way:
http://articles.latimes.com/2010/jan/07/business/la-fi-ct-iovine7-2010jan07
A force in music turns to its sound
COMPANY TOWN
Jimmy Iovine, chairman of Interscope Geffen A & M Records, and partner Dr. Dre see their line of Beats audio gear take off.
January 07, 2010 | By Geoff Boucher
Jimmy Iovine, one of the most powerful figures in the music industry, has been lining his walls with gold and platinum records for decades, so when he declares that he's found "the next big thing" it's worth lending an ear. This time, though, his passion project has nothing to do with radio hits or album sales -- and that alone says a lot about the state of the recording industry.
Iovine is chairman of Interscope Geffen A&M Records, and he has stars such as U2 and Eminem on speed dial and a career that dates to the 1970s, when he was a recording engineer for John Lennon and Bruce Springsteen. But today Iovine will be at the Consumer Electronics Show in Las Vegas selling audio gear instead of albums, a surprising twist that may speak to his nimble entrepreneurial spirit or perhaps his digital-age desperation.
"This is different, but these days everything is different, period," said the 56-year-old whose voice retains the Brooklyn bray of his youth. "But what we're doing with Beats, this is really exciting, it's really taking off."
Iovine was referring to Beats by Dr. Dre, a line of audio headphones that bear the name of the rap icon who had a hand in designing them. Dre and Iovine are partners in the venture, and they've used their celebrity connections to hype the product -- Lady Gaga will appear at the electronics show today while the Black Eyed Peas, David Guetta and Robin Thicke have lent their star power to previous Beats events.
The high-end centerpiece of the varied audio line, $350 headphones that have been worn in public performances by Eminem, Guetta and Dre himself in a heavily aired soft drink commercial, are a budding success; holiday sales were well above projections, and Best Buy Co. has committed to creating a Club Beats section in more than 1,000 stores. Iovine declined to divulge sales numbers other than to say that Beats tripled its sales expectations in the fourth quarter. A source in a position to know, however, said that the audio line accounted for as much as $50 million in sales at U.S. stores in the quarter.
Still, it's difficult to imagine this sort of venture holding Iovine's attention in the years when Tupac Shakur or No Doubt were atop the charts and the recording industry had never heard of Napster.
On Wednesday, Nielsen SoundScan released a year-end report on 2009 music sales that showed total album sales dropped almost 13% from the 2008 figures. There were 374 million albums sold in the U.S. in 2009, down from 785 million in 2000. Digital download music sales are now vigorous, but the industry was geared toward the $14 album sale for so long that it's reeling in the new nickel-and-dime era.
Iovine, who co-founded Interscope Records in 1990, has approached the lean times with the philosophy that all along he has been in the business of selling pop culture and good ideas, not shiny spinning discs with radio hits.
Iovine has partnered with Mary J. Blige, the R&B star, on a line of high-end sunglasses. He has worked closely with the members of the Black Eyed Peas to position them with partnerships or projects with PepsiCo., Nike Inc., Target Corp., Avon Products Inc., Dish Network Corp., Hard Rock Hotels and a long list of other corporate powers.
Iovine also was a producer of Hollywood quasi-biographical films for Eminem and 50 Cent.
Iovine's not the only one looking for cross-media opportunities for his stars. Management companies and concert promotion giants such as Live Nation are also locking artists into contracts that capture revenue streams that go well beyond music sales. Also, not every artist can be a brand name.
"There are very few people that have the kind of credibility that Dre has with music fans," says Noel Lee, founder of Monster Cable Products Inc., the audio gear company that makes the Beats products.
Iovine said that Dre, one of the rare enduring and relevant figures from the genre's early years, "can be to headphones what Michael Jordan was to sneakers."
Iovine says the problems lie in the audio file quality, the computers themselves and the headphones or ear buds used by so many fans. Audio quality is an afterthought, he says, to computer makers.
A partnership is in place with Hewlett-Packard Co., too, to improve laptop audio spectrums and in October that company introduced a $2,300 laptop with the Beats audio system and pair of headphones.
"We're on this mission now to repair the entire ecosystem of audio," Iovine said. "People's home stereos are computers now, and the sound costs 50 cents. It's transistor radio quality. This is the start of a revolution."
For Dre, the venture has been a surprise career detour.
"It feels like a new beginning," the producer and rapper said. "If you spend all these long nights and years in the studio making the music perfect, you want the public to hear it the way you intended."
The venture began three years ago when Dre's attorney approached him with the idea of putting his name on a line of sneakers as other hip-hop heroes have done. Sitting on the beach, he told Iovine about the overture and the record executive scoffed.
"I told him, 'You know speakers, not sneakers,' " Iovine recalled. "As we moved forward with it I also told him that he had to get it right with the headphones. It would be the difference between Air Jordans and George Foreman's grill. It took us two years to get them right, but when I heard I knew it was going to be big. It's just like listening to a hit record."
geoff.boucher@latimes.com
I wasn't born yet in '74 I meant...
No problem if you find my statement ludicrous: it's just my opinion and not meant to be an accurate analysis of the potential market for the headphones.
And I'll tell you, I wasn't born in '74...
Foreman, I've rarely heard about him except on this thread in fact but older stars from football and cycling, I've heard about them because sport journalists still tell about them when commenting on the latest races or matches that have a big place on radio or television.
So it's just a question of target.
This person or that person is more famous in this or that part of the world and among younger people, mid-aged people or older people.
The target with 50 Cent isn't very clear to me anyway and I have some concern about it but we'll see...
Well, you know, boxing isn't very popular where I live (Belgium, Europe). You don't see it very often on television and certainly not on the main channels. You have to watch it on specialized channels dedicated to a small amount of people. It's the same in France and maybe it's different in different countries, I don't know. Here you hear a lot about soccer but not boxing.
Hello SamoNy,
As far as I'm concerned, I have some money in HNHI but also in Keyware traded on the NYSE Euronext Brussels Stock Exchange, Europe (where I live).
I've found some information in English here:
http://www1.hymarkets.com/ennews/displayallnews.hyml?methodname=link&_id=1519506
http://uk.reuters.com/article/2010/10/07/keyware-idUKLDE6960EU20101007
http://www.reuters.com/article/2011/01/19/markets-europe-stocksnews-idUKLDE70I0LC20110119
Quote: http://uk.reuters.com/business/quotes/overview?symbol=KEYW.BR
I chose Keyware because I don't have a lot of time to spend trading and if everything goes as what has been said it should be taken over in the near future. But we don't know when, at which price per share and whether it will really happen.
If you don't live in the euro area, there may be some risk associated with the currency exchange rate though.
Ok, caution is required here but we like when HNHI becomes crazy, don't we?
The potential market is not the same.
50 Cent is known worldwide and the headphones will be sold worldwide. It seems to me that 50 Cent is more famous worldwide than George Foreman and especially among young people who like to wear the latest fashions. On Twitter Someone asked about their availability in Asia and he replied that, yes, they would be sold in Asia.
Did I say I was trying to show they tell the truth?
Quite the contrary, you can reread my posts.
I've shown that the address given is someone's else as far as I can see. But I can only say there is someone else living at this address, I have no more proof than that.
Well, we can find this then:
http://www.mapa.es/es/desarrollo/pags/RedRuralNacional/Presentacion/presentacion.htm
which doesn't mean Auric couldn't be there as well.
They are quite late on it.
I was hoping to buy some more at a lower price but now it may not happen...
Check this out:
http://infoplus.qdq.com/deutsche/es/presentacion/
That's what you can find at the address "Calle de Alfonso XII, 66, Madrid, Spain" and you can also check it with the Street View on Google Maps.
For those speaking Spanish you could call them to ask whether Auric rents or owns something in the same building but I really doubt about it.
Thanks!
Yes, I'm interested in knowing who your broker is.
And for the rest, wait and see...
Ok, thank you for your comment.
Whoever sell the new shares, as I understand it, they may then be sold on the OTCQB market anyway or am I mistaken about it?
Isn't there any dilution risk involved?
That's potentially nearly twice as many shares as the current amount. But ok, if a strong buying trend continues to exist it should level this out I suppose and it's good for raising money and for the debts. And as they say, "The information in this prospectus is not complete and may be changed."
Anyway I also hope it'll go up to $5...
And as far as IPOS on the OTC markets are concerned, I don't think I could participate in them with my current two brokers. I would have to ask them. In fact, I live in Belgium, Europe, and my brokers aren't especially specialized in the OTC markets.
Ok, in answer to my own post, I began reading some older messages posted on this thread. I have also searched for the companies MRES talks about in their news and haven't found any of them.
After this I decided to sell all my shares.
Good trade!
Thank you.
It was just for my information.
I only have 60 000 shares so if I lose them all, I don't lose too much considering the total amount of my investments. I could balance this out, that's why I have bought them in the first place.
But I'm interested in knowing what kind of risks they are taking if it happens to be a scam.
Well, Olie77, I didn't mean if the scam is coming from Auric but rather from MRES.
If it's a scam, would they be allowed to stay on the OTCQB market?
I don't know this market enough but it's not like the OTC Pink or the Gray Market, there are different rules.
And then, could they be suable for their scam?
If the potential unsolicitated offer is a scam, would MRES then be allowed to stay on the OTCQB market or would they be kicked out of it? Would they also be suable for it?
Thank you for your answers.
Well, truly, if it goes that low, I would be tempted to buy some more...
Ok.
And how are they being sold?
Well, I'll be watching where it goes carefully.
I'll be available for that.
Like I said I don't like their S-1/A filing.
The only thing is that I can't place a stop loss order on the OTC whith my broker (don't know if anybody can by the way).
This sounds yummy!
There is just one thing I don't like very much and it's their last S-1/A filing about the 208,914,845 more shares they would like to issue.
Thanks for this analysis!
Well, as long as it stays above 0.94 I'll be fine.
Then at the next stretch I could maybe sell some.
Yes, I felt it coming.
Still I bought some more at a too high price because I'm quite limited in my available time to trade (and my job also affects my clarity sometimes).
I'm now at 0.94 per share, not that bad in my opinion because I'm as confident as you are.
It should reach at least $2-$3 this year, shouldn't it?
What's your take on it?
I like your alias.
Indeed, it's about the flow...
Well, I jumped in at 0.27 but sadly didn't buy a lot.
Then I bought some more at .39 and because I was busy with and/or disturbed by my job I couldn't buy some more again until 1.50. That could have been 1.29 but I didn't understand I couldn't place an order at 1.2901, newbie that I am on the OTC, so my orders were rejected and I didn't know why until I found out a bit too late.
Now I'm at 0.94 per share and I suppose this is close to what you have...
50 Cent is too sexy for my stock (Right) Said Fred... :-p
I'll keep them as long as I can because I'm too busy to spend a lot of time following the stock price. I know it can drop and come back up again several times (well, maybe not ) and that I could buy and sell accordingly but I won't do it. But still, I would like to buy some more, especially before the headphones are on the market, so please HNHI, take a break...
The only thing that is freaking me out is all these shares that could be created, around 200 000 000 of them as stated in the S-1/A SEC filing. Maybe that could mess things up and I hope the stock price won't drop too much because of that if it ever happens.
Nobody is perfect can apply to me as well.
While I haven't sold, I could have bought more shares than I did. I only have 15000 of them at 0.37 and could have bought at least twice this amount with a lower price per share. So now I feel a little bad too but hopefully I'll get over it.
But I'm still wondering whether it'll keep going up and up and up like this... that's crazy!