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The part I still don't get is if they keep the shareholders debt alive or let that go away? They still could screw all the shareholders over right? And only 200 hundred stores is very few considering the total amount they had before the bankruptcy filings. So their revs are gonna drop hard. Any opinions on our chances of still keeping our shares?
Good news! Notice how the store in South Africa is an "outlet" and just a normal spot! Keep them coming. I like how they are attacking South Africa. Hopefully they get many up ASAP. Is South Africa a new market? If so then the sales should jump faster.
You do realize that they had the option to short and dilute even back when the pps was in the 40s and 30s? Why would they just now be doing it? You are upset and are trying to find something that is not there. I am also mad about my losses but this is not actually happening. Be patient and we will see how they improve now.
I call BS.
Strong has not made his money back yet,,,, not even close! People keep trying to use this as excuse for the low PPS. I am sorry but even if Strong is the one shorting it down to get even more shares he will still need the PPS to get back into the 40-50 cent range for himself, and not to mention the CEO, to make a big purse.
If the company was diluting quickly and flooding the market fast then I would agree but they have not.
He has over 300 mill shares and needs a way to cash them in. Once they show an increase in revs the PPS will creep back up and then he and the board of directors can start to cash in.
But what will be their striking range? No-one wants to acknowledge it but they have shown self restraint in controlling the OS.
All good points. I do hold hope for the 14 new kiosk (from march till current) will have a significant revenue increase in Q3 and not Q2. I also worry that the Q2 numbers will be less than Q1. But if they identified the problems and corrected them, we should not see worse revs.
I agree that Q2 will be not so impressive with regards to revenues. I would be very happy in the 13-14 mill area. I am going to be very upset if they actually did worse in Q2 compared to Q1. So my fingers are crossed for 12 and above.
About Q3; I expect at least a 10% increase in revs and would like to see more like 20% QoQ. Remember that they got the 4mill at the end of Q2 so they have very few reasons for not showing marked improvement......
For Q2; Think about the balance sheet. It is going to look a whole lot better. Less of a net loss since they did away with interest payments and all other forms of debt payments. Also they will have 4 mill in cash. I hope that gets new investors attention.
Sean,
I'm sorry but your comments mean a whole lot of nothing. You are not invested in the company and your advice to other was to but at below 14 and sell at 17. You are just here to flip pennies and create fear for others. If
You are deep in the red on your investment then holding for a better position is not a bad idea. Your opinions are worthless. You have never been helpful.
You are so interested in share structure and how the OS fully diluted is above the AS. If you would level your criticisms with some positives then maybe I would take your words into consideration. The company still has a great deal of potential. You have got to acknowledge that the recap does help the company so long as strong does not flood the market and they can increase revs with the new kiosks, juice line, vape devices, and 4 mill in the bank.
Im sorry but I have to call BS on you.
I also have 400k shares and have not been around as long as you so I imagine that you are even more in the red than myself. My break even is at 35 cents. So if you sold last week then how much did you lose? I am sorry but unless you took a 70% loss then are you being honest with us?
It makes no sense to me for you to sell when you are in the red so deep....... unless you don't actually have 400k shares or you just made a very bad choice in selling and allowing yourself to lose so much. I am in so far that I can just sell. That is not allowed this far into the game.
What are you referring to when you say historical data? You mean to say that new kiosks opening, expanding the e-juice line and new devices for VIP (our main revenue generator) is not going to improve revenues?
The quarterly interest does not dilute us at the rate in which you think. Additionally, the shares given for interest does not immediately make its way onto the open market.
we were already in this situation before the refinancing but the only change is now the exercise price is lowered to 17 cents and he gets shares to pay for interest.
"the only surprise would be a forward looking statement": Is that really what matters? How about understanding that more kiosks and a better product line = more money.
this Q2 is not gonna be great. I would be happy with 13 mill.
People listen up!
I have sat back tried to take in the complaints of others but no-one here seems to want to look at the positives that the company is doing.
Yes, the company dropped in revs be 4 mill the last quarter. While everyone besides a few (mikal james) has remained positive.
I am in so deep with this group. My break even is still 35 cents. and I am negative 90k. It hurts but I don't wish to cry and complain like a lot of people here.Is it so hard to try to be positive?
Think about this; Since 3/4 to today
Number of new Kiosks opened: 14 new kiosks opened (a new one is coming this Saturday)
number of current kiosks renovated or moved to a different part of the shopping center: 4
The VIP brand has increased is "Grand Reserve" premium juice line going from just 4 to 12 now.
additionally VIP now has 4 new premium e-liquids call "affinity"
They have also started offering new higher end vaping devices on both VIP and Vapestick. they are called: vapito, kanger tech, and max could.
Vapestick also have 4 new max cloud e-liquids
I wish Dan would have given a news for each event but he didn't. This can all be verified by looking at the twitter accounts for each brand and their respective websites.
what else?
It appears the 6 mill in shares per quarter will be needed to pay interest. These shares are not being immediately put into the open market thereby limiting the dilution effect. Not as bad as I thought.
Calm waters owns this company. The CEO CFO and BOD all have shares at an exercise price of 14-17 cents. I hear people complain or state that they might dilute us and just squeeze out so they can profit but why would they? Strong can sit and accumulate until the pps is 2-10 times it is now and exercise some of his shares.
The sky is not falling. This investment will just take way too long to profit from. But for me, I have no choice.
I would love to have it get to 50 cents and then start thinking of getting out or keeping only 25 percent of my shares.
So how do we feel about this? 2mill in shares a quarter is very little. I'm pretty happy about it. Plus he receives them and it doesn't flood the market. If strong plays his hand right and doesn't dilute or sell his shares into the market the value can rise and then he can start to dump at a much higher price.
So how do we feel about this? 2mill in shares a quarter is very little. I'm pretty happy about it. Plus he receives them and it doesn't flood the market. If strong plays his hand right and doesn't dilute or sell his shares into the market the value can rise and then he can start to dump at a much higher price.
That may be so BuT they won't make any moves until it's necessary.
Not going to happen that fast. A AS failure is when the AS is max out compared to OS.
Nothing is gonna happen until they max out the AS and OS. If you keep reading it you would see this
"but in no event later than sixty (60) days after the occurrence of such Authorized Share Failure, the Company shall hold a meeting of its stockholders for the approval of an increase in the number of authorized shares of Common Stock"
Well besides the last quarter we were making progress wouldn't you say? Now we had a bad quarter. Let's see how the company responds.
Just cause he didn't answer your email does not mean he is somehow gonna screw you over and not work to increase revs up with the goal of a higher pps.
Can you imagine how busy he is? Or how many emails he gets everyday?
Well. You're and optimist. Ok yeag, good luck. Maybe buy more at the low price if you think it can rise up into the 30s to maybe save some of your loss.
I thought you were talking about an increase in the AS to meet the outstanding shares from the warrants. That has not been put to a vote yet.
Nothing has been approved.
If your break even is in the dollar range then that's a bad spot. If you can break even in the 30s or less then I believe you could make a profit if you agree that they would like an exit point of 50 cents or more.
60 days once the outstanding shares are maxed out dude. Not 60 days from today. It's when the OS are at the max AS of 300 mill
Dan can't just cash out all at once. He can only do 1/3 of his total shares every 12 months . Same for all the BOD. The directors and calm waters have similar exercise options. 14.5 and 16 cents.
Also. The overage in shares is concerning HOWEVER the company is not forced to increase the share count until they reach the max shares authorized. Then they have 60 days to put it to a vote to increase the AS. This is stated in the 8k exhibits.
So until we start to get into the 200 mill range I would not get ahead of ourselves in that respect.
So think about it.
We have a company that is owned by a single financier that has all shares coming to him so he controls how the pps goes with regard to dilution. Don't you think It would benefit him to not drown out the pps to fast and help it go up versus taking a nose dive?
He will get rewarded more from its success versus sucking them dry and screwing over the directors by not letting them get shares for 50 cents to a dollar exercise options? Why would Dan be happy with shares that never get above 33 cents over the next several quarters? Why would calm waters be happier with 16 cents pps versus something much higher.
Yes OTC has plenty of companies that dilute and RS. We may do a RS but to say that will happen soon (within 6 months) is not accurate. They have always wanted to use the shares attached to warrants for some time now. Pps just never held up. Now it's super low and that scares ppl but they will not abandon ship all of sudden and stop trying to
Take the pps higher.
I am looking to sell in the 50 cents and higher area. With a better q2 and the expectation of a higher q3 I believe that we can see better pps this year still.
They have 4 mill to carry them into q-4 (they got it 6/30) so they should only need to dilute for interest payments.
Ok. I was referring to the other lenders now being lumped in with calm waters versus just being a secondary lender?
Also. Mr Morris is the other lender right?
And is that a bad thing? Also. The "other lender" is an employee of calm waters correct? I believe his last name is Morris.
Wait so your warning for people is "beware, calm waters has all the shares and might sell them off for 14.5 cents for a buy out", that is your concern with this filing?
What other possible issues can come with this recent filing?
Besides this buy out at 14 cent thought?
Guy; calm waters owning all of our shares is not a surprise. Who is shocked by this?
Sean Is convinced that dick strong will just dump shares and destroy us but that's silly. (Lol quote away)
He is the biggest reason we are even this far along.
If you include man fin co. Which own 24% of the outstanding shares then the float is pretty tight wouldn't you say? That means round 50 mill floating around. They should be able to manipulate this up one would think right?
Yeah we know that already. It was in the press release. 30k shares for doing the refinancing. That's why it was 75 and now it's 106.
Can anyone tell how many shares he has of the 106 that is currently outstanding ?
It's shows that 106 mill shares are outstanding
What is this new document saying besides strong has a lot of shares owed to him?
They will utilize shares at the 14.5 cent exercise price. The 4 mill I imagine gets them close to the next 10-k with the hope of the results increasing the pps up so that they can exercise the shares and thus getting more cash for operations.
It will be slippery. Dilution in a controlled way and maintaining a higher pps
Notice the settle date is 6/30 so that the 10-k will show they have about 4 mill in cash
It's not appropriate to cite this without showing us the company name. Which company is this?
And hedge funds would not apply to us right now we are to small to be considered by hedge fund groups It's not the same.
At this point I think he should not have to do much of anything else besides exercise shares when they need him to do so.
I believe we are ready to start moving forward with expansion. Just have to tolerate dilution. We will know a lot be August conference call.
A billionaire tapped out? He might be at the end of his patience rope but not broke
The exhibits within the 8-k are contracts Sean.
Well then show me a company that does. I've read several 8-ks and have yet to see that. Please. Show me.
You are very confident and I would appreciate any documents to show I am in the wrong
So again, why no "The warrant may be exercised only with the permission of the company" clause in the agreement?
Sean no company does this.
Have you ever seen an 8-k that does?
I believe that as being correct also. Dick is invested heavily in us. Those who think he will sell shares for cheap is just foolish. He will be called to exercise shares each quarter to pay the interest off and nothing extra unless ecig needs more cash then he would pull more shares at their request.