Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Don't get me wrong, while a quick sprint to .05 would be a dream, I like that this isn't a typical stinky pink trading on rumors. I agree they're headed in the right direction - just a question of whether management is going to clear things up, or allow the current haze to continue (and scare away new investors)
I agree with this take 100%
It's frustrating when you acquire a bunch of shares anticipating a normal quick hitting pink trajectory, only to see it play out like a mid cap.
I feel like I should be happy that it's trending along a big-boy path, but there are still so many pieces that need to fall into place (real IR, responsive management, transparency, etc.) that it may well just gutter along from quarter to quarter.
Newton's first law states that if a body is at rest or moving at a constant speed in a straight line, it will remain at rest or keep moving in a straight line at constant speed unless it is acted upon by a force.
I think Newton was a SHMN investor.
Um, they posted their last quarterly in November
It's not the lies per se, it's the refusal to conform to market (and more broadly, SEC) rules, and then their doubling down by saying that they have been fully disclosive and aren't going to revisit the issue.
I agree in concept, but the details of the acquisition may be material to the current/future investors.
Revenue is great, but we've clearly seen that the market assumes and doesn't like massive debt/dilution, or that the company once again announced something that didn't materialize. Once we are able to analyze the facts - for better or for worse - we can look at actual numbers without wondering what might be lurking.
Not trying to talk this stock down, but these guys need to realize that their lack of transparency is harmful. No matter what they say on twitter, they may be hearing us, but obviously are not listening.
Sadly, the FINRA requirements exist irrespective of where the stock is trading. I worked with one pink company that had to submit several requests before FINRA finally granted the name change.
Both name and ticker changes are pains in the ass, and can take awhile. Once the company has done all of its work, it has to submit its request to FINRA for approval. They'd need a new CUSIP as well.
Only 7 weeks until their annual report is due. As long as they stay current, we'll learn something...
Doh.
That notwithstanding, the rest of the math (and the result) holds true - they convert at a percentage of issued and outstanding
Awesome catch here.
So to be clear, the 51 shares of outstanding preferred represent a voting block equal to 51% of the ~15BB issued and outstanding, or roughly 1/3 of the aggregate total votes (issued and outstanding representing the other 2/3). Given the current cap table (15BB issued and outstanding, 20BB authorized), they would not be able to convert all of their pref shares into common stock
Not exactly a control block, but substantial. Wonder who owns it.
99.999% chance Knight is the HR Clown!
Fair enough. Just wish they could manage to make a public statement without screwing it up (and further undermining confidence in management/their professionalism)
I'm beginning to wonder if the $$ they're spending on Sivana might be better spent on a professional IR firm...
I read it as an open invite for contract manufacturing.
Taken in the context of an acquisition which theoretically gives them manufacturing capacity beyond their current needs, it sounds like they’re trying to find companies with current product lines in need of outsourced manufacturing/distribution.
Even if they're registered in a different state, there should be a 'foreign corporation' registration with the CA SOS.
I'm not sure how CA handles DBAs - that may be the answer.
I'm as confused as anyone here...
The two domains are registered with different registrars (Tucows & Godaddy). Neither one has any usable info about the party who registered the name.
Both sites are hosted by different providers (Liquid Web and Google).
Looking at both, the branding is markedly different, phone numbers are different, obviously addresses as well; there doesn't seem to be any cross-referencing of any of these fields.
The only 'Private Label Partners' registered in CA is associated with the Santa Ana address.
1) Nothing in your reply contradicts anything that I said. The company has no chance of being profitable based on selling products; the only way Drex can get any ROI (aside from his salary and prior "interest") is to sell it. Given they don't have any unencumbered physical assets and are saddled with unprofitable meh product, the distribution network looks like the only viable asset.
2) At no point did I mention AB - no clue where that tangent came from. Monster acquired CANarchy to be able to break into the beer brewing/distribution space, not AB.
Gotcha. That makes sense...
HL - I think you provided links to two different companies:
https://privatelabelpartners.net/ and https://privatelabelpartners.com/
I believe the company associated with the .net website is the acquisition target. The one for the .com site with all of the CBD stuff is evidently located in Burbank.
Between this and today's PR, it seems apparent that they are developing the distribution network as their primary product - not any of the actual consumables.
Drex's employment contracts have long been predicated on his ability to sell the company. They clearly can't run a profitable enterprise, and their product offerings are rehashes of the multitude of comparables already choking the marketplace. What they can do (with their crack team of former Moster execs) is build a stem-to-stern supply chain that could be leveraged by another company (with the resources and management to be successful) looking to break into a new market.
Ironically, Monster themselves did this by acquiring CANarchy Craft Brewery Collective in January, giving them instant access to the Western US microbrewery market. Be looking for the next 4loko any day now.
A whopping $100 in shares traded today. Someone's gonna retire soon!
Gonna keep beating this dead horse until there's nothing left: The Company needs to start disclosing some details, or this thing is going to die from investor neglect.
I agree generally (told you it would be potentially unpopular)
I've never seen a successful R/S with a going concern, but there is one detail that might make it work here...A concurrent 10x reduction of authorized. Most 'kiss of death' scenarios involve a company doing an R/S, keeping their authorized at the original level, and then immediately issuing new shares/taking on convertible debt resulting in massive dilution and PPS dropping back to its original levels.
That said, I have been involved with a few post reverse merger companies that have used the above strategy to get PPS out of the cellar (which in and of itself increased liquidity) while ensuring that shareholders retain all of their value. With the reduction in authorized pinned to the R/S, the companies could not go on a dilution spree, so the revised PPS stayed relatively stable.
Again, this is just me musing. There are a lot more things that the company needs to do to get things moving...I'm just dreaming of seeing this thing clawing its way out of the pinks - QB or QX would make this turd look a lot more highly polished!
Pondering a potentially unpopular thought; I'd love to hear what everyone thinks:
The Company currently has over 1.5 billion shares issued and outstanding (1.2BB freely trading)
The Company's current market cap is in the $3MM range at present, although given the number of shares outstanding, even a miniscule change in PPS would have an inordinate impact on that cap.
Because the Company hasn't disclosed any concrete details around previously announced events (and the pervasive lack of trust that this has lead to) we seem to be trading almost solely on previous fins; this would more or less support the current market cap.
For the sake of argument, optimistically assume that the transaction is going to happen, that the recent sales activity will be reflected in the FY2021 fins, and that all of the above results in a both real value and hype leading to a 20x increase in company valuation and PPS; we would still be trading at <.04/share.
So my question: Should the Company begin reconsidering their repeated statements that there will be no R/S? Even a 10:1 would see this trading in penny land (resulting in more brokers being willing to trade it), and would make the hypothetical market cap increases above push things into dollars...almost like a real company
Her husband's.
Just a reasonable reaction to continued speculation about whackadoo/impossible conspiracy theories that serves no purpose for any long shareholders.
Moreover, this claim has been floating around for the last year plus.
How would a company with a lengthy history of 'meh' revenues, trading in triple to double zeros, and with no appreciable cash or other assets have enough sway with a Verified TA to get them to make inaccurate reports for over 12 months, risking their standing with OTCM? There isn't enough money changing hands here to make me consider jaywalking, much less taking an action which would threaten my livelihood.
While I would not be surprised to learn that Swahti has indeed sold off most/all of her holdings, the conspiracy necessary for the company to 1) sell shares without filing a registration statement (necessary for the shares to be tradeable); 2) without filing a Form D (which would result in untradeable restricted securities); and 3) do either of the above without any such sales being reflected by the TA, is laughably implausible.
...Please!
with the number of shares outstanding, volume has a different meaning here. We need to see consistent 25mm share days...
7mm shares = $15k. That kind of volume ain't making anybody rich.
Be careful throwing words like that around - trying to manipulate stock with unfounded pejoratives ain't kosher...especially since your history makes you look an awful lot like a shorter.
The fact is, we have a Company whose management has a questionable understanding of their obligations vis-à-vis running a pubco, both the Shah days *and* the current iteration (the "buyback" was supposed to happen under current management). What infrequent substantive disclosure we have indicates that they are focused almost entirely on running the business, with little to no concern about the shareholders...unless and until the load of complaints about inaction directed at the Company hit an actionable threshold.
Ignorance is not a defense if you're trying to get out of a speeding ticket, but here I think we cannot assume either positive or negative intentions by a failure to update - even when required by applicable law or the bulletin board. Their hands are full keeping the ship afloat, selling product, and doing whatever the hell it is that they are doing with acquisition targets; no matter how much we plead and whine on this board, they probably won't do squat (whether or not it is warranted under OTC Markets guidelines) until the annual report is due.
End of March. 90 days post EOY for an annual.
Agreed, unless the acquisition brings needed client base/manufacturing capacity that would not otherwise exist, thus facilitating things like $750k POs. It's difficult for a small niche manufacturer to undergo enough organic growth to support a 15BB share float. An acquisition of this nature may support more rapid growth in the business, and justify more substantive increases in PPS.
Also note that the cost (whatever it may be) may be addressed in any number of ways; the lack of disclosure to date makes it impossible for the market to evaluate this transaction, contributing to the current stasis.
As several people have pointed out, this is an alternate reporting company, and as such has no obligation to file any reports (10-k/q, 8-k, or otherwise) with Edgar.
OTC Markets does require disclosure of material public information through press releases and/or inclusion in quarterly and annual disclosure statements filed with OTC Markets News. I do not believe this requirement has been met, but the specifics around what triggers a mandatory disclosure and how it is enforced are somewhat ambiguous.
Agreed.
While 14% sounds dramatic, we're only looking at $3,302.66 in volume today. Until we're trading on current news and/or with more significant volumes, even double digit swings won't represent anything more than baby steps.