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Claytrader....love your videos! $MHR? Can you do an analysis on $MHR?
Everyone's sitting and waiting but it is looking very promising like this may be the week we get some news. It's been about 4 weeks since the mini evac test. Hang tight and whether it comes this week or next it will come. It's only a matter of time.
Last I checked the insider you refer to has not short-swung traded or profited that we know. Heck, the past week shares hardly traded over 4mm a day. Also, just because he owns a substantial amount of shares doesn't necessarily make him an "insider". What he really is is a large "shareholder". One who has actually increased his position substantially while being positive in the company at the same time. If you had a motive and wanted to buy more shares wouldn't you be negative to buy at a lower price as opposed to staying positive and "cheerleading"?
In addition, he hasn't stated anything as a fact and has only just shared his observations, word on the street, and positivity in the company. Granted that may change if things don't go our way with the FAA but most of us here don't believe will happen. It could happen but we remain optimistic. However, if we didn't get the good word we know there will be another shot at it in the near future anyways and eventually they'll get the pass. It's going to happen.
Thirdly, the only BS I sniff is someone who might be short, have an agenda, or is getting really nervous for this company to finally get some wings. LT has not hid any "bad things" or tried to pull one over on us. We all knew if the company failed immediately on previous attempts and the company has been open to shareholder calls directly if you call to inquire. We all know the risks here and he's shared the risks the company's facing. We welcome his observations and each of us are big boys enough to decide if we're being fed BS.
Thanks LT...we're locked and loaded!
Is LT....John Drago?
How do you know this? Prove it!
LT, question is did you substantially "increase" or "decrease" your position? Also, we all appreciate your insights and if you can't come right out and say things we understand but any "guidance" is appreciated. Thank you again and some of the others for providing good DD and adding value on this board. Pennyland can be a brutal market and the little guy usually gets it handed to them so to be able to help each other out so we can make more educated calls on our own action is appreciated.
I like the chart analysis and appreciate you taking the time to break them down for us! Keep up the good work Claytrader
LT posted a picture with the slides down. That doesn't show enough? We're waiting for the FAA to process their paperwork and give them the word on approval!
Exactly. We could hear at any moment! Hang on tight!
This is BS. LT said his pick showed all 5 slides were down. I went through your post history and it has been sporadic. Mini tonight, no mini tomorrow, etc.. You said on Monday mini was scheduled for next week however LT has pictures from it happening on Tuesday night. What's the story?
Actually, it's a CFO's job to insure the quality of the financials and work with the auditors to make sure they can stamp their approval on the numbers. However, most importantly it's a cfos job to RAISE CAPITAL and get the company the best deals he can find to put the company in the best position to maximize margins and profitability. There ain't no spinning the look of FROZ fins as it stands today and probably couldn't take the pressure any longer.
I'm not putting out false information. Need to listen to the call but the balance sheet had about $24mm in long term debt.
Yep you got everything correct except the part about anyone being at home. They retired $2.3mm in debt by unloading some 400mm shares to Ironridge (which is only the beginning by the way) but still have some $24mm long term debt on revenues of $448k in Q1. That debt will need to be serviced next year and unless they ramp up like they say they're going to do it's either take on more debt (if there's anyone else willing to lend them more) or issue more stock.
Based on the current 4.5B O/S their market cap is $13mm as of today. At .02 that means the company has a $90mm market cap. That would be a stretch and if the company issues any more shares it only gets worse from there. Yes the company has some amazing products and technology but they're living on a life line right now and that balance sheet is awful. Really what they need is some big equity group to come in and take out all of the debt and give them the cash they need to rite the ship.
Translation....$hit on shareholders
These fins are unaudited! What are you talking about? It clearly says this at the top of the Q. They may be in the process of getting an audit but it's not done on these fins yet.
Nice spin buddy but that's only because revenues dropped from $1mm Q1 2013 to $448k in Q1 2014.
Must be nice....these bstards are out there spending our money.
Shyster averaged a cool $530K and his boy toy Irwin has $336k based on those share sales. These a holes need to be in federal prison and viewed on American Greed for their scams. Glad they're gone. Now we need to boot Ironramjob.
You and me both CJ. Kicking myself for not taking some profits in the high .02s. Got blinded by the quick rise and catalysts we were expecting. That Ironridge deal sure knocked our knees out but FROZ will fight back. Just a longer term play now.
Great overview ctrades!
Badbassssssss what's new brotha?? Froz to da moon!
Guys in looking at Ironridges address in NY I see they're in the Chrysler Building.
405 Lexington Avenue
26th Floor
New York, NY 10174-2699
If you google that address without the floor and add market makers it looks like Maxim Group s in their building. Not sure about the correlation but their may be one. Has anyone seen Maxim in L2?
http://www.maximgrp.com/about/contact.asp
Ironridge claims they don't take short positions in the stocks they do deals with but that doesn't mean their Wall Street buddies aren't being told to help them out and do so.
I only bring this up because we need to keep our eye on everything until the bloodsuckers are flushed out.
***Well I posted this message then did a google on Maxim Group and John Kirkland and lo and behold they have worked together. Must be why they're in the same building so they can hod each others hand. This is on their own website.
http://www.ironridgeglobal.com/2011/02/14/test-post/
Ronin I'm sorry but don't think you're correct when you say we need to wait till we reach an aggregate $50mm trade volume. It clearly states "if at any time DURING the calc period they may request more". Meaning we don't need to wait for the $50mm to be traded.
One of my biggest questions is in the details here:
From the date of the Stipulation until that number of consecutive trading days following the Issuance Date required for the aggregate trading volume of the Common Stock to exceed $50,000,000 (the “Calculation Period”), Ironridge will be entitled to that number of shares of Common Stock (the "Final Amount") with an aggregate value equal to (a) the Claim Amount plus a 7% agent fee and reasonable attorney fees and expenses, (b) divided by 80% of the following: the closing price of the Common Stock on the date of entry of the Order, not to exceed the arithmetic average of the individual volume weighted average prices of "any five trading days" during the Calculation Period, less $0.002 per share; all as reported by the Bloomberg Professional Service of Bloomberg LP.
WHICH "ANY FIVE DAYS" are they referring to? Do they just get to pick any five days? Is it the 5 lowest days? It doesn't specify so its hard to know. This deal was not written well and is ambiguous. If we're all still trying to figure this out how is a novice investor supposed to figure this out? Bottom line is Ironridge are crooks and this deal is crap. I'm ok with paying a premium to get rid of debt but there's no clear understandable path with this deal. Essentially we all have to wait it out. In my opinion companies like Ironridge need to be shut down and good old Kirkland needs to be viewed on American Greed. Depending on how things play out here you all may just end up seeing him on there too!
Diane there is a cap don't mislead. The Stipulation provides that at no time shall shares of Common Stock be issued to Ironridge and its affiliates which would result in them owning or controlling more than 9.99% of the Company's outstanding Common Stock. Based on the 435mm they've received they can't receive more....unless the company dilutes more!
Besides...we owe them the Claim Amount of $2,377,000 + 7% agent fee + reasonable attorney's fees. I read somewhere that the attorneys fees are low for these Section 3(a)(10) court deals in one of Ironridge's articles. They approximate $20,000 but for shits and giggles let's use $100,000. With that said, we'd owe them approximately $2.377mm plus $166,390 agent fee plus $100,000 for a total of approximately $2,650,000.
If you take $2,650,000 / 435mm that equals an average share price of .006. I believe based on the weighted average trading we'll be .006 or higher by the end of the calculation period and even if we're not they still can't own more than 9.99% of the OS. Therefore, the 435mm shares they were given should cover them.
Good point Spidey!
That's the tricky part and it makes a huge difference.
The wording states that if the "price is below 80% of the closing price on the day of the entry of the Order".
Could be 80% of .0182 which is .01456....or
Could be .0182-80% which is .00364.
Based on my interpretation the 80% of the closing price on the entry date is .0182 - 80% = .00364. So I'm thinking the price has to go below .00364 before they'd have to issue more shares. I may be wrong but that's my interpretation.
You forget they can't ever own more than 9.99% of the OS currently at 4billion and change. So in my opinion they're maxed at the 435 they originally received.
That's money VLF!! You all do like making money...right?!!
Based on a current max of 435mm shares at say an average share price of .007 that would represent value of $3mm which would more than cover the $2.7mm plus the additional 7% and attorney fees. Let's just hope these f'ers don't get any more. Shyster and his boy toys should be drug out and $hot for these types of deals. Complete stealing Wolf of Wall Street style. I'm sure these same types of guys are your everyday good guy neighbors rolling around in their fancy cars and telling everyone when asked what they do that they're in "finance". However, they're really professional thieves! Hope someday we see these bastards on American Greed.
APT take notice!!!!! You need to run as far away as you can from these bloodsuckers. Get your new audit done, go to a real investment banker, do a road show, and put a real freaking credit facility together where you don't have to pull your pants down.
Hey hey I knew there was an ex cmkxer out there somewhere!!! We ever getting paid on that thing by the way?
Still here with the same 2mm shares I started with. My account has seen one heck of a swing but there are too many catalysts coming up that could set this thing on fire. Hopefully, management took notice of how that Ironridge deal sucked the wind out of the momentum and doesn't take any more advice from Shyster. It's a great company with lots of potential and can do things the right way. Let's hope the worst is over and we accend to the summit! They can start by reducing the AS and no more dilution surprises.
Would be nice to see a statement of ownership or buy in from Alexander Kramer the CFO. We know William Maher owns some 145mm+ and other management as well but haven't seen anything yet on Alexander. We see that it would a nice boost of confidence obviously with him living and breathing the fins daily and dealing with the new auditing firm.
Another nice boost could be given to the stock if they reduced the A/S down from 20B. There's no need for that many shares and if they could come down to 5B or 6B max that would show they don't plan on using the shareholders as an ATM.
Hanging strong. Still a lot of catalysts to come guys.
Great explanation Bullet. Really appreciate you explaining this. Was pulling out my hair trying to figure this out. One thing is for sure...Ironbridge are more like Ironscammers. This is not a good deal. Would've liked to have the company in control of how much they dump and when to pay these a holes back instead of these guys controlling it. It's only 2.7mm but this deal is written like the company was lent the world. Need to get this over with and get the rats out of here!!
It was William Dyess the R&D guy
Yes, you do have to pay to obtain UCC lien searches but I'm able to do so for free through the company I work for. I'm able to run them directly on a company / borrower or on a lender like TCA or Ironridge. I'm going to keep a close eye on all of the above and if something concerning pops up I'll let you guys know. The good news is it doesn't look like APT has many relationships with different lenders. Like I mentioned before I only saw about 3 different liens and one of them should now be paid off TCA / Ironridge. I bet Troy and company are glad too because him, Wayne, and another guy were personally guaranteeing the TCA debt.
Understood, but when I pulled that lien search I was worried when I saw TCA because we don't need anymore surprises. By looking at those court filings and seeing Ironridge took outTCA I feel much better!
Looking forward to next week. We should be moving upward.
Thanks for finding this Diane. It actually makes me feel much better.
Let me explain...Im in the finance business and pulled a UCC (lien) search on all APT related companies. In the past year I'm really only seeing a few filings. One with Mazuma mid last year (local bank which we knew about), one with TCA this year, and some other factoring company. I was concerned when I looked up who TCA was because I was worried we might be in for another surprise toxic finance deal after the Ironridge deal. The recent PR on the Ironridge deal says that Ironridge bought the debt from another "creditor" but didn't know who that was until now. It was in fact TCA so I should see those liens terminated soon now that Ironridge is paid off.
Again, outside of Mazuma and TCA there really aren't any major filings I'm seeing that I'd be concerned about. I don't believe the company is debt free because they're growing quickly and fast growing companies need capital to grow. It's perfectly normal. The financials will tell all in the coming weeks and I'm pleased to see they hired a reputable audit firm. I'll keep my eye open for any other liens being filed in the coming weeks as well.