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I follow you - got another that looks like a cup and handle break soon- low floater. Check it out
Did you think it was going straight to the moon after a 75% move??
I will find out tonight and let you know. I am sure he is working now.
My brother has been keeping an eye out for them in his area of New York. He just picked up some last night so I know they have expanded into his area.
Here is what he said
"I fell asleep after dinner. I will try them tomorrow. About one-third of the section was gone. Got them from my favorite NYC grocery store."
I don't like hearing R/S anymore than anyone else so I asked IR about it
As you have probably heard your conversation and the possibility of a R/S later this year has been made available on ihub. In what foreseeable future would this happen? and has this been a topic of discussion amongst the board?
Nothing planned
Stephen Hart
Head of Capital Markets Advisory
Hayden IR
(917) 658-7878
hart@haydenir.com
Found a few things for you folks- these are the new shares out there since Jan 8th bringing the O/S up to the 280's.
As of January 8, 2015, we had issued and outstanding a total of 22,148,045 warrants to purchase our common stock outstanding at a weighted-average price of $0.23.
We have 501,000,000 shares of capital stock authorized under our certificate of incorporation, consisting of 500,000,000 shares of common stock and 1,000,000 shares of preferred stock. As of January 8, 2015, we had 279,475,332 shares of common stock outstanding. As of January 8, 2015, we have authorized: (i) 2,000 shares of Series A Convertible Preferred Stock, par value $0.001, (ii) 4,000 shares of Series B 4% Convertible Preferred Stock, par value $0.001, (iii) 1,175 shares of our Series C 8% Convertible Preferred Stock, par value $0.001 and (iv) 1,180 shares of our Series D Convertible Preferred Stock, par value $0.001, all of which have been converted or cancelled and none of which remain outstanding.
So then they registered the 85mm shares but as ohhritchie says it behooves them to have their stock price at a higher level for the equity line so they would not have to issue as many shares. They computed the 85mm at around .0179 but the higher the stock price the less shares they would issue to Southridge.
With the new registration it puts the O/S at -Upon the completion of this offering, we will have 365,475,332 shares of common stock outstanding
The question is how much and how soon will they need to tap into this line of equity, Quarterly should tell us if anything is new.
GLTA
An increase in the A/S is unnecessary since they have 501mm and are only looking to increase the S/O to closer to 400mm if they use the line of credit. No need to increase the A/S.
We have 501,000,000 shares of capital stock authorized under our certificate of incorporation, consisting of 500,000,000 shares of common stock and 1,000,000 shares of preferred stock
Going to go over the Prospectus tomorrow. Seems to me with just a quick glance that if they use the whole line of credit (85mm shares) that pushes them up closer to the 400mm S/O. I'll get back to you on that.
Updated from S1-A- Shares outstanding
Common stock currently outstanding
279,475,332 shares
Also the float stands at approximately 170mm shares
The 85,000,000 shares which we determined to register in this registration statement, represents approximately one third of our public float (after subtracting the holdings of insiders and controlling stockholders)
As of November 13, 2014, 261,642,775 shares of the issuer’s common stock, par value $0.001 per share, were outstanding (including non-vested restricted shares).
Just to be clear, Pristine, the .006 shares are restricted until June?
I think we started at a float around 40mm-
here's where I came up with that
158mm-Feb offering
34mm-more warrants then from original offering
38mm- held by the company
---------------
230mm
55,217,258 shares of Common Stock issuable upon the exercise of outstanding warrants
89,666,668 warrants to purchase common stock
Pristine had us at 48mm the first of June
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102791829
We've had 90mm shares added to the float(more or less) going by the 40mm starting float
Here is what has been converted
90mm warrants -conversion price
28mm Series A- 3 cents
7mm Series C- 3 cents
Another 10mm have been converted of the Series A or C but they are at 3 cents bringing the O/S up to 248mm ---- 10Q where the warrants had already been converted so it only leaves A&C
Weighted average number of common shares outstanding
238,583,031
Common share equivalents of Series A Convertible Preferred Stock
11,663,921
Common share equivalents of Series B Convertible Preferred Stock
124,509,785
Common share equivalents of Series C Convertible Preferred Stock
20,000,000
Total
394,756,737
Correction-
Closer to 16mm shares from the warrants. I have been looking things over this weekend when I have time and have a lot of numbers in my head. Be aware the bottom break down of the total is from the November filing so the shares from the warrants have been available since then. Not really anything new except more preferred shares have been converted but they are at 3 CENTS.
I put that in capital letters for you Diawanssong.
Common share equivalents of outstanding warrants
15,941,962
No - it means nothing has changed. The other 15mm warrants are on the market but all the other preferred shares are at a value of .03 cents.
3 cents. 3 cents. 3 cents. Read it again.
The warrants are a different conversion and there were only 15mm more.
From IR -- his answer to my question
Past Preferreds are all at $0.03
Any Preferreds issued for most recent financing would be $0.006
I don’t know the #'s, as Preferreds are only issued to holders avoiding going over 9.99%
I appreciate you answering me on the weekend.
So all of the warrants are in the S/O and there is conversion of the Series A or C right now because it has grown above the 238 from this 10Q. Grand total without Series B is 270mm.
Excluding the warrants, are these shares from the Series A and C considered to be at the cost of .033? or are they now at .006 and available from trade on the market?
Weighted average number of common shares outstanding
213,537,830
Common share equivalents of outstanding warrants
15,941,962
Common share equivalents of Series A Preferred Stock
11,663,921
Common share equivalents of Series B Preferred Stock
120,065,340
Common share equivalents of Series C Preferred Stock
26,666,667
Total
387,875,720
Weighted average number of common shares outstanding
238,583,031
Common share equivalents of Series A Convertible Preferred Stock
11,663,921
Common share equivalents of Series B Convertible Preferred Stock
124,509,785
Common share equivalents of Series C Convertible Preferred Stock
20,000,000
Total
394,756,737
--------------------------------------------------------------------------------
I only have 20mm shares unaccounted for in the float. I highly doubt our initial investor will sell here since he paid 3 cents a share for his other 33mm. If they want to dump their last 20mm on us down here then hip hip hurray! And yes - I did add more today.
From the last two PR's looks like West is doing something with our money besides paying themselves. And I agree - O/S isn't bad and this thing has potential. I am still holding and may add more soon.
Strange day- gap it down and drive price below sma supports. Intentional? Wouldn't be hard to do with a low floater.
If this stock goes into strong hands imagine what it could do. Look at those miner$, they are like the Packers and Lambeaua field (a publicly owned team).
And - I just had to add- a thousand stores in less than a year. Production started in May. These prices are just gifts - also IMHO
Patience is the key for me on this one. I am in and out of other stocks and just keep adding to this one on occasion. Someday it will shine I believe and am willing to wait for as long as it takes. I am not playing it like a penny stock and not using money I need tomorrow or next week or next year. I am investing in this one. Maybe not rationale to some of you since it is a penny stock but I see it going nationwide. It is in its infancy at 1000 stores IMHO
"Investors tend to be an impatient bunch. Indeed, this is the key reason that patient investors who play the long game can achieve outstanding investment returns.
One way that patient investors can achieve outsize gains is by identifying companies that are investing heavily to produce growth. If most investors are impatient, they will undervalue a company that sacrifices current earnings in order to produce more income in the future."
Good luck to you all
500K and up 20% - buyem when they're cryin, right?
Added more here.
15 X 36 X 1000 = 26,0000 (????????)
Of all the stupid statements I've seen on the ihub board, this one may take the cake.
Incorrect - Traders do use charts on penny stocks.
I think what they are saying is that the warrants should have been a derivative liability on the books. Double check with Pristine, but I think all the warrants have been executed so it shouldn't be a factor in the future.
Woo-hoo! I feel the same way and have the patience for this one. Bring on some of the cheapies. I predicted sub penny to a friend but you never know for sure but I'll take some from here for sure.
They were converted to they could turn a profit on the investment (which they did and are doing). I look at what it is happening right now as an opportunity for me to absorb more shares at these prices when I have more cash on hand. Thanks.
Some of us have a difference of opinion about whether or not they can be profiting. I believe the can be because of the warrants. The thing that I hope they see is that the volume has died off and with no buyers there are no profits for anyone, not even them. The chart is inching closer to looking good and chart traders would get involved if the PP would let it move a little and bring in some volume.
If these people with the PP shares had enough sense to quit smothering it and let it come up for a little air the stock would be looking better and more volume would probably come into it. The question is - do they have enough sense?
For me and just IMO unless something radically changes. Penny stocks work differently and they run on news and speculation. I think this is a strong hold and I do have a number in mind but may not see it for a while.
Through June 30, 2014, an aggregate of 89,666,668 warrants to purchase common stock were exercised in cashless conversions to an aggregate of 72,734,313 shares of the Company’s common stock.
They actually converted 90mm warrants into 72mm shares and this is because of the price of the stock at which time it was converted.
The good news is our float has increased significantly since Jan-Mar so hopefully we are almost there as far as removing these warrants out of our way.
X = Y (A-B)
______
A
If you know this then you know there aren't free shares. The conversion takes place after it is above the strike price and when the investor decides to convert. It is what the call the icing on the cake for investors (warrants). They are not losing money on them, I guarantee.
I disagree with you Pristine. That isn't the way a warrant is converted. Like I said earlier, I have conformation from IR about the warrant conversion. It is not "free shares". Warrants are more like an option and have a strike price. I know what price they were converted at because I asked IR and know what system they used for figuring the conversion.
IMO we have quite a few more private placement shares to go. I'm talking millions - some from warrants and others from the Series A conversion. The Series A are the 3 centers. Warrants were converted Jan- March at a strike price of 3 cents. They didn't cash them in at 3 cents, that was the strike price. Once we move back up to 3 cents I think that means the warrants shares have been bought up. Once we get thru this conversion I think we will see this stock move well but volume and the PP out of the way is the key.
That is not true either. Go read about warrants and how they are executed and you will get a better understanding of what is going on. People who invest millions of dollars don't take losses, come on now.
You are wrong Pristine. I have conformation from IR. Do my own DD, thanks!
They are profiting because of the way a conversion works on a warrant. Once these shares that were converted from the warrant are gone there will be nothing to hold us back but retail investors (basically)
There are some that are no longer restricted. That is why we are seeing an increase in the O/S and float.
Most of the warrants have been executed and the Series A have been converted into shares. The Series A are converted at .03 cents so these warrants are our problem. Who knows how many they have left to sell, none of us, we can only speculate by the size of what the float has increased since January.