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I'm still here trying to figure out if there is any hope of gaining back my losses of over 10k. Maybe you could have another meeting with Ed and let him know he needs to keep his investors informed as to what the out look is for Praxsyn since TPS and Garbino are gone.
Effective February 23, 2015, John Garbino resigned as a member of the board of directors of Praxsyn Corporation, a Nevada corporation (the “Company”) due to his conflict of interest through his ownership of Trestles Pain Specialists, LLC, a California limited liability company (“TPS”) and his fiduciary duties as a board member of the Company. Attached hereto and as incorporated by reference herein as Exhibit 17.1, is Mr. Garbino’s official letter of resignation.
http://www.sec.gov/Archives/edgar/data/1346973/000149315215000674/form8-k.htm
As filed with the Securities and Exchange Commission on January 20, 2015
FORM S-1
Shake Shack Inc.
5,000,000 Shares
Class A Common Stock
This is an initial public offering of Shake Shack Inc. We anticipate that the initial public offering price will be between $14.00 and $16.00 per share of our Class A common stock.
Prior to this offering, there has been no public market for our Class A common stock. We have applied to have our Class A common stock listed on the New York Stock Exchange under the symbol "SHAK."
We will use the net proceeds that we receive from this offering to purchase from SSE Holdings, LLC, which we refer to as "SSE Holdings," newly-issued common membership interests of SSE Holdings, which we refer to as the "LLC Interests." There is no public market for the LLC Interests. The purchase price for the newly-issued LLC Interests will be equal to the public offering price of our Class A common stock. We intend to cause SSE Holdings to use the net proceeds it receives from us in connection with this offering as described in "Use of Proceeds." In connection with the closing of this offering, certain of the holders of LLC Interests received in exchange for existing membership interests in SSE Holdings, whom we refer to as "Former SSE Equity Owners," will exchange their indirect ownership of LLC Interests for shares of Class A common stock and certain other holders of LLC Interests received in exchange for existing membership interests in SSE Holdings, whom we refer to as "Continuing SSE Equity Owners," will continue to own their LLC Interests. In addition, certain individuals who hold existing awards under our Unit Appreciation Rights Plan, whom we refer to as the "Former UAR Plan Participants," will receive shares of Class A common stock in settlement of their awards.
We will have two classes of common stock outstanding after this offering: Class A common stock and Class B common stock. Each share of Class A common stock and Class B common stock entitles its holder to one vote on all matters presented to our stockholders generally. All of our Class B common stock will be held by the Continuing SSE Equity Owners, on a one-to-one basis with the number of LLC Interests they own. Immediately following this offering, the holders of our Class A common stock issued in this offering collectively will hold 44.5% of the economic interests in us and 14.1% of the voting power in us, the Former SSE Equity Owners and the Former UAR Plan Participants, through their ownership of Class A common stock, collectively will hold 55.5% of the economic interests in us and 17.5% of the voting power in us, and the Continuing SSE Equity Owners, through their ownership of all of the outstanding Class B common stock, collectively will hold no economic interest in us and the remaining 68.4% of the voting power in us. We will be a holding company, and upon consummation of this offering and the application of proceeds therefrom, our principal asset will be the LLC Interests we purchase from SSE Holdings and acquire from the Former SSE Equity Owners, representing an aggregate 31.6% economic interest in SSE Holdings. The remaining 68.4% economic interest in SSE Holdings will be owned by the Continuing SSE Equity Owners through their ownership of LLC Interests.
Although we will have a minority economic interest in SSE Holdings, because we will be the sole managing member of SSE Holdings, we will operate and control all of the business and affairs of SSE Holdings and, through SSE Holdings and its subsidiaries, conduct our business.
Following this offering, we will be a "controlled company" within the meaning of the corporate governance rules of the New York Stock Exchange. See "The Transactions" and "Management—Corporate Governance."
We are an "emerging growth company," as defined in Section 2(a) of the Securities Act of 1933, as amended, and will be subject to reduced public reporting requirements. This prospectus complies with the requirements that apply to an issuer that is an emerging growth company.
http://www.sec.gov/Archives/edgar/data/1620533/000104746915000292/a2222777zs-1a.htm
Looks like the short's are winning this one.
Jan 13, 2015 78.22% shares shorted
shorted shares = 698,200 total shares = 892,624
http://otcshortreport.com/index.php?index=PXYN.PK&action=view#.VLbWUXtYbdU
From the PR dated 12/24/14
"Year in Review: Share Reduction to A/S, Share Buyback, Apple Juice Launch, Name and Ticker change, Corporate relocation to Florida, and the addition of co-packers for our water and juice products.
We would like to offer continued thanks to our family of shareholders. Your support is much appreciated."
The question everyone should be asking is, how is this statement true when the A/S has increased from 750,000,000 as of 12/31/13 to an A/S of 10,000,000,000 yes 10 billion shares in just 1 year when they have stated a reduction to the A/S.
As of 12/31/13 10-K
A/S 750,000,000
O/S 141,491,271
As of 3/31/14 10-Q
A/S 1,500,000,000
O/S 524,525,774
As of 6/30/14 10-Q
A/S 4,000,000,000
O/S 2,254,479,622
As of 9/14/14 10-K
A/S 10,000,000,000
O/S 3,482,654,232
O/S as of 12/17/14 4,585,054,232
How can the make a statement saying "Year in Review: Share Reduction to A/S" when all they have done is increase the A/S by 9.25 billion shares and increased the O/S by 4.44 billion shares.
Straight from the 10-K
As of September 30,2014
A/S = 10,000,000,000
O/S = 3,482,654,232
O/S as of December 17, 2014 = 4,585,054,232
an increase in O/S of 1,102,400,000 in just 47 days.
1/6/15 09:44:05: Raymond James Initiates Coverage on Workiva at Outperform, Announces $17.50 PT
Raymond James initiates coverage on Workiva (NYSE: WK) with a Outperform rating and a $17.50 price target.
Latest Ratings for WK
____Date______Firm____________Action____________From_______To____
Jan 2015______Baird_______Initiates Coverage on___________Outperform
Jan 2015___Morgan Stanley__Initiates Coverage on__________Overweight
Jan 2015__Raymond James___Initiates Coverage on___________Outperform
View More Analyst Ratings for WK View the Latest Analyst Ratings
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
TD Ameritrade shows there being a DTC Chill
A/S was increased as of 12/2/14 to 3,500,000,000 shares
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=QLNkoYNrPpkCjERjBoUbEQ%253d%253d&CorpName=LIMITLESS+VENTURE+GROUP+INC.
O/S has increased 135,500,157 shares since Nov. 4, 2014
Current Report Filing (8-k)
Date : 31/12/2014 @ 13:14
Source : Edgar (US Regulatory)
Stock : Labor Smart (QB) (LTNC)
Quote : 0.0016 0.0 (0.00%) @ 13:20
Current Report Filing (8-k)
Print
Alert
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
December 22, 2014
Date of Report
(Date of earliest event reported)
LABOR SMART INC.
(Exact name of Registrant as specified in its Charter)
Nevada 000-54654 45-2433287
(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
3270 Florence Road, Suite 200, Powder Springs, GA 30127
(Address of Principal Executive Offices)
(770) 222-5888
(Registrant’s Telephone Number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see general instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14-a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 3.02. Unregistered Sales of Equity Securities
During the period commencing December 22, 2014 through December 29, 2014, the Company issued an aggregate of 46,647,814 shares of its common stock as follows: on December 22, 2014, the Company issued 10,400,000 shares of its common stock to reduce an outstanding convertible note payable by $10,587.20. On December 23, 2014, the Company issued 5,000,000 shares of its common stock to reduce an outstanding convertible note payable by $4,400. On December 23, 2014, the Company issued 7,200,000 shares of its common stock to reduce an outstanding convertible note payable by $5,616. On December 23, 2014, the Company issued 5,434,782 shares of its common stock to reduce an outstanding convertible note payable by $5,000. On December 23, 2014, the Company issued 3,541,237 shares of its common stock to reduce an outstanding convertible note payable by $3,435. On December 29, 2014, the Company issued 3,538,462 shares of its common stock to reduce an outstanding convertible note payable by $3,220. On December 29, 2014, the Company issued 7,000,000 shares of its common stock to reduce an outstanding convertible note payable by $5,390. On December 29, 2014, the Company issued 4,533,333 shares of its common stock to reduce an outstanding convertible note payable by $2,856. These shares were issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended pursuant to Section 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder since, among other things, the transactions does not involve a public offering.
The number of shares of issuer’s common stock outstanding as of December 29, 2014 was 190,993,565.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
LABOR SMART, INC.
Date: December 31, 2014 By: /s/ Ryan Schadel
Name: Ryan Schadel
Title: Chief Executive Officer
No, the link gives an error
Thanks StockWizard
MONEYMADE, you may want to check the link to your images. Unable to view.
Thank You!
As filed with the Securities and Exchange Commission on December 29, 2014
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Shake Shack Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization) 5810
(Primary Standard Industrial
Classification Code Number) 47-1941186
(I.R.S. Employer
Identification No.)
24 Union Square East, 5th Floor
New York, NY 10003
Telephone: (646) 747-7200
(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)
Ronald Palmese, Jr., Esq.
Vice President, General Counsel and Secretary
24 Union Square East, 5th Floor
New York, NY 10003
Telephone: (646) 237-5039
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Howard A. Sobel, Esq.
Gregory P. Rodgers, Esq.
Ryan K. deFord, Esq.
Latham & Watkins LLP
885 Third Avenue
New York, NY 10022
Telephone: (212) 906-1200
Fax: (212) 751-4864 Daniel J. Bursky, Esq.
Andrew B. Barkan, Esq.
Fried, Frank, Harris, Shriver & Jacobson LLP
One New York Plaza
New York, NY 10004
Telephone: (212) 859-8000
Fax: (212) 859-4000
Approximate date of commencement of proposed sale to the public:
As soon as practicable after this Registration Statement is declared effective.
If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. o
If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer o Accelerated filer o Non-accelerated filer ý
(Do not check if a
smaller reporting company) Smaller reporting company o
CALCULATION OF REGISTRATION FEE
Title of each class of securities to be registered
Proposed maximum
aggregate offering
price(1)(2)
Amount of
registration fee
Class A common Stock, $0.01 par value per share
$ 100,000,000.00 $ 11,620.00
(1)
Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(o) under the Securities Act of 1933, as amended.
(2)
Includes the offering price of shares of Class A common stock that may be sold if the option to purchase additional shares of Class A common stock solely to cover over-allotments granted by the Registrant to the underwriters is exercised.
The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.
Shake Shack, perhaps the next big thing in the stock market for hamburgers, filed its red herring for an initial public offering Monday. But the company, which operates a string of 63 restaurants in 34 cities, saw its same-store sales growth slow to 3 percent in the nine months ended September 24 , from 5.5 percent in the same period a year earlier.
Same-store sales had been growing as much as 7 percent for the full year ended December 2012. Average sales volume per store fell 6.5 percent to about $5 million during the year ended December 2012 - the most recent period disclosed for average volume.
The company is relatively unambitious regarding comparable sales, and tells investors to expect "low same-store sales growth for the foreseeable future."
Instead, the company expects to grow by quickly opening new stores, including at least 10 next year.
Longer term, it expects to operate at least 450 domestic restaurants although it doesn't currently have timetable for the growth beyond at least 10 new stores annually "for the foreseeable future."
The prospective offering hasn't been priced nor have the number of shares been determined. Proceeds are expected to pay off initial investors to the tune of $21.9 million , with much of the remainder to be earmarked for building new stores and renovating existing stores.
Shake Shack, founded in 2004, makes much of its origins in a kiosk in Manhattan 's Madison Square Park and calls itself "a new fine casual restaurant category," which combines fast casual concepts with "fine dining." The menu includes hamburgers, hot dogs, french fries, shakes and frozen custard, along with beer and wine.
In the nine months ended September 24 , revenue grew 39 percent to about $79 million . Earnings fell to $3.5 million from $4.4 million . In the same period, the number of restaurants grew 60 percent to 53 from 33.
Shake Shack is part of the largest U.S. dine-out segment, the burger market, with more than $72 billion in 2013 sales, according to the company, citing Technomic Inc.
The burger industry is estimated to be twice the size of the pizza market, which is the next largest category.
The company will be listed on the New York Stock Exchange under the ticker"SHAK".
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
As of 12/9/14 the A/S is now 14 billion
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=suYeutDFF1W7sdWQf6z9DA%253d%253d&CorpName=DOMARK+INTERNATIONAL%2c+INC.
One would hope that PraXsyn, Trestles Pain Specialists, Mesa Pharmacy Inc or Pharmacy Development Corporation would have some affiliation with PCCA, although your DD may sound good, after further searching for any connection to PCCA it is not likely to be the case. If you have any info that shows proof that they are affiliated with PCCA please share with us.
Now here's something to LOL about, You are comparing AAPL or BoA which I'm assuming you are referring to BAC which has net profits in the billions.
IMO they will have to do an R/S for this to start moving again or a buy back which is highly unlikely to happen.
A/S = 10,000,000,000 shares, yes, that's 10 Billion shares
O/S = 3,436,844,936 shares
I think this pretty much tell the story.
Cash flows from financing activities were $176,597 received from investors during the nine months ended September 30, 2014.
Overall, we have funded all of our cash needs from inception through September 30,2014 with proceeds from issuance of our common stock.
Kinda funny that the only space they have to make a pizza in is a P.O. Box.
Item 7.
Describe the Issuer’s Facilities:
There are no leases but the company does have a post office box:
P.O. Box 90
Trafford PA 15085
UPZSCorp@gmail.com
724-600-4720
Fax: 412-281-4273
Website: www.uniquepizza.com
Praxsyn Corporation Now Licensed to Dispense Medication in 22 States GlobeNewswire "Press Releases"
IRVINE, Calif. , Dec. 12, 2014 (GLOBE NEWSWIRE) -- Praxsyn Corporation (OTCQB:PXYN), today announced that its wholly owned subsidiary, Mesa Pharmacy Inc. , a medication and service provider for medical practitioners, has continued to make progress towards its goal of dispensing its customized medications nationwide. "We believe in our products and we are excited to help patients nationwide," said Andrew Do, Chief Pharmacist, Mesa Pharmacy . The company is now licensed to dispense its medications in the following 22 states:
Arizona Y005936
California PHY50766
Colorado OSP.0006527
Connecticut PCN.0002821
Florida PH27082
Hawaii PMP705
Illinois 54.018647
Indiana 64001705A
Iowa 4429
Kansas 22-44650
Missouri 2014038089
Nevada PH03201
New Jersey 28RO00109500
New Mexico PH00003756
New York 33063
Oklahoma 99-6802
Rhode Island CPHN10740
South Dakota 400-1369
Texas 29457
Washington PHNR.FO.60488183
Wisconsin 1221-43
Wyoming NR-50910
About Praxsyn Corporation
Headquartered in Irvine, California , Praxsyn works to realize the vision of medical professionals to improve the lives of patients. Mesa Pharmacy, a wholly owned subsidiary, provides doctors with an alternative to oral pain medications. Mesa focuses on providing custom compounded non-narcotic, transdermal topical pain medications that are marketed to industrial health physicians and medical clinics. Mesa has developed a series of topical creams, in different strengths, that provide the pain relief doctors seek for their patients. Additional company information can be found at www.praxsyn.com.
Forward-Looking Statements
Certain statements made in this press release are forward-looking in nature (within the meaning of the Private Securities Litigation Reform Act of 1995) including but not limited to the statement regarding the anticipated results of these added licenses to dispense medicines, and, accordingly, are subject to risks and uncertainties. The actual results may differ materially from those described or contemplated and consequently, you should not rely on these forward-looking statements as predictions of future events. Certain of these risks and uncertainties are discussed in the reports we filed with the SEC .
CONTACT: Media/Investor Contact: IR@praxsyn.com 949-777-6112 ext 101
Source: Praxsyn Corporation
S & P Dow Jones Announces Changes in Canadian Indices S & P / TSX Composite Index
Date: 08/12/2014 @ 5:15 p.m.
Source: PR Newswire (Canada)
Stock: 3D Sphere Corp. (ANY)
Quote: 6.15 -0.25 (-3.91%) @ 8:10 p.m.
S & P Dow Jones Announces Changes in Canadian Indices S & P / TSX Composite Index
Withdrawal clues compound and select S & P / TSX Venture
TORONTO, Dec. 8 2014 / CNW / - The Canadian Index Operations S & P Dow Jones will make the following changes to Canadian S & P / TSX:
Following the signing of an agreement and plan of merger with Overland Storage, Inc. (NASDAQ: OVRL) 3D Sphere Corporation (TSXVN: ANY) will be delisted from the TSX Venture Exchange. 3D Sphere Corporation will be removed from the S & P / TSX Venture Select Index and S & P / TSX Venture Composite Index after the close of trading on Wednesday, December 10, 2014. The company will continue to be publicly traded on NASDAQ under the ANY symbol.
S & P Dow Jones
S & P Dow Jones LLC, which is part of McGraw-Hill Financial, is the leading global resource for the concepts, data and research-based indices. Bringing together financial indicators deemed as the S & P 500® Index and the Dow Jones Industrial AverageMD, S & P Dow Jones Indices LLC has over 115 years of experience in the development of innovative and transparent solutions that meet the needs of investors. More assets are invested in products based on our indices than those of any other supplier in the world. With more than 1 million of indices covering a wide range of asset classes in the world, S & P Dow Jones Indices LLC defines the way investors evaluate markets and conduct their transactions. To learn more about our company, please visit www.spdji.com.
S & P is a registered trademark of Standard & Poor's Financial Services LLC ("S & P"), which is part of McGraw Hill Financial. "Dow Jones" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). The rights to use these trademarks have been granted to S & P Dow Jones Indices. One can not invest directly in an index. S & P Dow Jones Indices LLC, Dow Jones, S & P and their respective affiliates (collectively, "Indices S & P Dow Jones") sponsor, endorse, sell or promote mutual funds or other investment products offered by third parties and the purpose of providing a return on investment based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S & P Indices Dow Jones does not have the necessary permits. S & P Dow Jones earns revenue from the use of its indices to third parties under licensing agreements.
SOURCE S & P Dow Jones Indices
Copyright 2014 Canada NewsWire
According to Zach's they have a target price of $5.80
http://investorshub.advfn.com/uimage/uploads/2014/12/8/rtnxgZachs.png
Update to share Structure:
Market Value: $500,997,600 a/o Dec 05, 2014
Shares Outstanding: 107,394,984 a/o Nov 03, 2014
Float: Not Available
Authorized Shares: 277,333,332 a/o Sept. 30, 2014
Par Value: 0.0075 a/o Sept. 30, 2014
XOMA’s Potential Indications for Commercialization in U.S. Market:
Gevokizumab
Phase 3
Non-infectious uveitis (NIU) – EYEGUARD-A & C
Behçet’s disease uveitis (BDU) - EYEGUARD-US
Pyoderma gangrenosum (PG)
Phase 2
Erosive osteoarthritis of the hand (EOA)
Moderate-to-severe acne
Non-infectious scleritis
Autoimmune inner ear disease (AIED)
XMet D
Phase 1
Excess insulin – Rare disease indications
Chart seems to be setting up nice for the next leg up.
http://stockcharts.com/h-sc/ui?s=XOMA&p=15&yr=0&mn=0&dy=5&id=p69320055602
New IPO date 12/12/14
Company Description
Workiva has pioneered a cloud-based and mobile-enabled platform for enterprises
to collaboratively collect, manage, report and analyze critical business data in
real time. Our secure software platform, Wdesk, allows users to integrate and
control all of their business data, regardless of format or
location, with
innovative live-linking technology. Our proprietary, integrated word processing,
spreadsheet and presentation applications, built upon our data engine, allow
thousands of users to collaborate simultaneously on data-linked reports and
documents. Wdesk empowers our customers to dynamically define their business
processes and optimize workflows so that critical data can be reported and
analyzed more efficiently. Our customers can gain insights based on their
trusted data, which enables better real-time decision-making. Additionally, our
customers deploy our solutions to serve as a single system of record for
critical data, to reduce risk and operational costs, and to increase efficiency
in business reporting. As of September 30, 2014, we provided our solutions to
more than 2,100 enterprise customers, including over 60% of both the Fortune 500
and Fortune 100.
Enterprises struggle to manage, report, analyze and understand their
ever-expanding volume of data. Executives need to leverage this data to make
real-time decisions to improve performance and reduce risk. In addition, many
businesses are required to report an increasing amount of disparate information
to a variety of regulators, further straining their ability to produce
meaningful and consistent data and reports on a timely basis. The explosion of
data within enterprises has rendered existing processes and legacy technologies
inefficient at helping users find, understand and report the most critical and
relevant information on a timely basis. To create business reports, many
organizations rely on manual processes, large teams and a variety of point
solutions, such as business productivity, email and general-purpose
collaboration software. Exacerbating these challenges is the continued growth in
size and complexity of many enterprises, which results in employees and data
spread around the world. The stakes for enterprises are high; reporting
incorrect, incomplete or untimely information exposes organizations to potential
liability, reputational risk and a weakened competitive position.
Workiva empowers organizations to address these challenges by providing a
cloud-based and mobile-enabled platform that we believe is fundamentally
changing the way people work. Our Wdesk product platform allows multiple users
to simultaneously create, review and publish data-linked documents and reports
with greater control, accuracy and productivity than ever before. We offer our
customers solutions for compliance, risk, sustainability and management
reporting, as well as enterprise risk management. Underlying these solutions is
our scalable, enterprise-grade data engine that collects, aggregates and manages
our customers’ unstructured and structured data.
Wdesk allows users to work anytime from anywhere with an internet connection,
enabling them to:
. Create trusted datasets that are linked and aggregated throughout Wdesk
documents, spreadsheets, presentations and reports.
. Control access to datasets, reports and workflows throughout the organization
and beyond.
. Collaborate among thousands of users working in real time in a cloud-based
workspace.
. Present critical data and reports to internal and external constituents.
. Decide with confidence based on trusted data and reports, enabling better
and faster decision-making.
Wdesk allows users to define, automate and change their business processes in
real time for what they need, when they need it, with little or no involvement
from IT personnel. Our proprietary data engine includes live-linking technology
that enables users to automatically propagate any changes to data, including
numbers, text, charts and graphics, across every instance in which that data
appears in the Wdesk workspace. Live-linking allows customers to use trusted
data to more quickly and accurately produce and update business reports. [color=]Wdesk [/color]
provides accountability and transparency through a detailed audit trail that
tracks every change made by any user over time. Control is robust, with
customized permissions for each user to read, write and edit specific sections
of documents.
In March 2013, we launched our Wdesk platform, under which we currently offer
solutions for compliance, risk, sustainability and management reporting, as well
as enterprise risk management. We developed these solutions to address our
customers’ immediate challenges. Our first solution was focused on reports filed
with the U.S. Securities and Exchange Commission (SEC). SEC filings, such as
Form 10K, Form 10Q and proxy statements, are lengthy and complex documents
that require significant collaboration across multiple business functions and
external constituents, including auditors and lawyers. Our SEC solution enables
customers to automate and improve their regulatory filing process. We have
continued to add solutions to the Wdesk platform over time by identifying
markets where Wdesk can address a wide range of critical business challenges for
our customers. We employ a rigorous process to validate and prioritize new
solution areas based on the number of customers that could benefit from a new
solution and our assessment of Wdesk’s ability to address that challenge.
Our technology is enterprise grade and developed to perform at scale. Wdesk
utilizes the Google Cloud Platform, which enables us to scale our compute and
storage capacity on an as-needed basis. We can deploy incremental changes to our
customers on a daily basis by employing a continuous delivery process supported
by Agile software development methodologies and a proprietary quality assurance
process. As a result, all of our customers operate on the latest version of our
platform, and upgrades are applied with minimal disruption to ongoing
operations. In addition, in order to keep our customers’ data secure, we have
developed advanced data security protocols that augment the standard security of
the Google Cloud Platform. Our architecture has proven scalability for global
enterprises, as well as advantages in reliability and cloud delivery.
Our “land-and-expand” sales strategy focuses on acquiring new customers and
growing our existing customer relationships. We seek to “land” new customers by
using a direct-sales model. Our customer success and professional services teams
help our account managers “expand” our existing customer relationships by
providing advice and best practices that enable users to harness the full power
of Wdesk. We believe our sales strategy positions us to build relationships over
time as we add new users and solutions and expand to additional markets and
geographies.
Many of the largest and most demanding enterprises in the world are our
customers. Our customers span a variety of industries and include Philip Morris
International Inc., Kinder Morgan, Inc., Viacom Inc., JPMorgan Chase & Co., Eli
Lilly and Company, The Boeing Company, Tyco International Ltd., CenturyLink,
Inc., Avis Budget Group, Inc., Wal-Mart Stores, Inc., and AR Capital, LLC.
We have a broadly diversified customer base; our largest customer represented
less than 2% of total revenue in 2013. We believe that we have exceptional
customer satisfaction, as evidenced by our subscription and support revenue
retention rate of 97.3% (excluding add-on seats) for the twelve months ended
September 30, 2014.
---
WebFilings LLC was formed in California in August 2008. In July 2014, we changed
our name to Workiva LLC, and we converted into a Delaware limited liability
company in September 2014. Prior to the effectiveness of this registration
statement, Workiva LLC will be converted into a Delaware corporation and renamed
Workiva Inc. Our principal executive offices are located at 2900 University
Boulevard, Ames, Iowa 50010, and our telephone number is (888) 275-3125. Our
website address is www.workiva.com.
Here is what IHub has for levels of support. Ignore the time shown Ihub has not set there clocks back.
http://investorshub.advfn.com/uimage/uploads/2014/12/5/rivpcany.png
Up coming IPO December 8, 2014
Looks like this company has a bright future ahead. IMHO
Financial Highlights
Hardware and Software revenue in the quarter increased by 7.1% over the second quarter of 2014, while total revenue declined primarily due to transitions taking place in advance of the merger, a decline in license fees associated with the Overland Storage initial license fees and the launch of the V3 line of Converged Infrastructure through Overland in the first half of the quarter. Upon completion of the merger agreement with Overland Storage, the Company will be able to recognize 100% of the revenue derived through Overland on the sale of Hardware, Software and Services and Support from the V3 product line.
Subsequent to the Quarter end, on October 17, 2014, the Company received a $2.5 million USD cash repayment of Promissory Notes outstanding from Overland Storage, Inc.
About Sphere 3D Sphere 3D Corporation (ANY) (ANY) is a virtualization technology solution provider. Sphere 3D's Glassware 2.0(TM) platform delivers virtualization of some of the most demanding applications in the marketplace today; making it easy to move applications from a physical PC or workstation to a virtual environment either on premise and/or from the cloud. Sphere 3D's V3 Systems division supplies the industry's first purpose built appliance for virtualization as well as the Desktop Cloud Orchestrator management software for VDI. On November 28, 2014, shareholders of Overland Storage, Inc. voted to approve Sphere 3D's announced merger with Overland Storage (OVRL). This alliance is intended to bring together next generation technologies for virtualization and end-to-end scalable storage offerings to enable the introduction of a number of converged solutions. For additional information visit www.sphere3d.com or access the Company's public filings at www.sedar.com or www.sec.gov.
Forward-Looking Statements
This release contains forward-looking statements. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, intends, plans, or similar expressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except for historical facts, the statements in this news release, as well as oral statements or other written statements made or to be made by Sphere 3D Corporation, are forward-looking and involve risks and uncertainties. In the context of any forward-looking information please refer to risk factors detailed in, as well as other information contained in the Company's Annual Information Form and other filings with Canadian securities regulators (www.sedar.com) and the United States Securities and Exchange Commission (www.sec.gov).
Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
http://finance.yahoo.com/news/sphere-3d-releases-q3-2014-145307568.html
This clearly states if you buy today 11/25/14 you will be recorded as a record owner on 11/28/14.
The Payment Date for the dividend has been set for November 28, 2014.
The Ex-Dividend Date is therefore the close of trading today (11/25/2014). This is due to the logistics of the stock market as US Stock market trades settle T+3 (3 days for settlement of all trades). The last day to purchase mCig, Inc. shares and be recorded as a record owner before the record date (11/28/2014) is today.
http://money.cnn.com/news/newsfeeds/articles/globenewswire/10109896.htm
I believe this is why the market is reacting the way the are, I know for me this is a big concern that I have about the company's future. Debt may be getting paid off but at what expense to the investor?
"If all dilutive securities were exercised at September 30, 2014, the total number of common shares outstanding would be approximately 1.644 billion. Since this amount exceeds our authorized number of shares, we will need to seek consent to increase the number of authorized shares."
Going Concern
The accompanying consolidated financial statements have been prepared assuming that we will continue as a going concern. Since inception, management has funded operations primarily through proceeds received in connection with factoring of accounts receivable on a nonrecourse basis from two primary factors, issuances of notes payable, and through sales of common stock. Also, our business is concentrated within the workers compensation market for which the collection of payments on receivables may be delayed for a significant period depending on various factors. Additionally, we are dependent upon a few third party marketing services, one of them being a related party, and we derive almost 100% of our revenues from customers referred by the marketing services. During the nine months ended September 30, 2014 and 2013, we incurred a net loss of $12,343,623, and generated net income of $43,001, respectively. $11,492,819 of the net loss during the 2014 period consisted of stock-based expenses. We also had minimal stockholders’ equity as of September 30, 2014. Management believes that it will need additional accounts receivable factoring, or debt/equity financing to be able to implement our business plan. Given the indicators described above, there is substantial doubt about our ability to continue as a going concern.
Management is attempting to find additional financing sources to replace or supplement the current factoring of accounts receivable to sustain operations until it can achieve profitability. Management believes that the replacement of the factoring of accounts receivable with more conventional financing will lead our Company to achieve profitability much sooner and with substantial results. The successful outcome of future activities cannot be determined at this time and there are no assurances that, if achieved, we will have sufficient funds to execute our intended business plan or generate positive operating results.
The accompanying consolidated financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should we be unable to continue as a going concern.
Since the increase in the O/S was not until after the 3rd quarter ended it will not show up until the end of the 4th quarters financials come out. And I never said new share were added to the float.
Stock dilution is an economic phenomenon resulting from the issue of additional common shares by a company. This increase in the number of shares outstanding can result from a primary market offering, employees exercising stock options, or by conversion of convertible bonds, preferred shares or warrants into stock. This dilution can shift fundamental positions of the stock such as ownership percentage, voting control, earnings per share, and the value of individual shares. A broader definition specifies dilution as any event that reduces an investor's stock price below the initial purchase price.
My numbers are from the SEC 10 Q filed yesterday as well.
O/S as of 11/19/14 is 421,189,263 which was as of closing on the 18th
O/S as of closing on 9/30/14 was 376,308,158 which is a difference of 44,881,105. When you total the volume traded from 11/1/14 through 11/18/2014 total shares traded was 52,615,195 then subtract your increase in shares of 44,881,105 and it leaves 7,734,090 shares traded by investors. Anyway you look at it they diluted 44,881,105 shares in 18 days...that's an average of 2,493,394 million shares per day which explains a lot of the high volume days that we had.
Average shares traded by investors in 18 days was only 429,671. You can LYAO all you want but lets keep it real. Low volume and more dilution will only force the pps down before the next quarter. IMHO
Shares traded from 9/30/14 - 11/18/14 = 52,615,195 of those traded 44,881,105 was dilution from current note holders and only 7,734,090 were from investors.
Once the current notes are paid off, we will most likely be back into the .03 -.04 range the end of the next quarter with a new O/S of around 750,000,000 or more.
I still believe in PXYN for the future but feel it would be wiser to wait a little long before investing anymore. Of course all this is IMHO.