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I agree. And that will likely happen
Ummm who are you talking to?
Itchy trigger fingers..... By our senior lenders? Cause that is wise to dilute their own investment and get less in return versus waiting patiently to get it all plus more back? They will pull when Dan asks them to exercise shares so that they can pay for interest and business operations. I can't see them blessing us fast just outta temptation.
You know what really surprises me about most people here is the expectation that they will dilute quickly and then RS and then we get squeezed out. Did everyone forget that they need investor confidence in order to build the pps up so that it can gain in value so that they and the debt holders can really make a lot of money. Pps of 14.5 cents is not gonna cut it. They know that. Why is it that everyone seems to think otherwise ok here? Yes now we will have actual dilution but I Believe it will be controlled dilution. Pls they will have cash everytime it happens and we are still so undervalued even after accounting for that.
So many are too doom and gloom.
We had to give up a lot to get a lot down the road. Oh well. I'll be thrilled with 50 cents by December.
I think that's the point. He feels confident that the pps will be above 15 cents. Which even with the current situation is not asking a lot.
Do be so quick to think that will reach 300 mill shares outstanding so soon.
Ok so what do people think.
Do we believe that the pps will be stuck at less than 15 cents for the next 6 months or do we think it will reach above 30 cents ?
A reverse split is still at least. Year away.
Very true.it all depends on controlling dilution, getting investors with big pockets to buy in and hold, increase revs and open more stores and show that we can build the brand
Well give it more time. He could get long term investors to push the price up. It's not gonna be this low the whole time.
Haha hey I can agree with that. My exit point now is 38 cents just to break even. This pps will settle down then go up for the q2 revs into the 20s with a good rev increase (13-15) then hopefully into the thirties. Even with 105 mill outstanding we can be value more.
What goes down will come go back up.
You must be talking about this
In connection with the execution of the Lead Lender Amendment, the Company issued 30,676,704 shares of Common Stock (the “In-Kind Shares”) to the Lead Lender in consideration of accrued but unpaid interest owing on the Term Loans.
What do you mean 30 mill already diluted?
Have you seen them dilute since the initial decline after the RS? It went to 75 mill and has stayed there for some time.
Yes I do agree that the OS will rise but it won't explode and ruin us.
If the pps does not go up how will dan and the rest of the board get rich? Certainly not by selling shares at 16 cents.
Ok so you guys all think that the CEO and other directors and the lead lenders are going to just dilute the company into bankruptcy?
Come on! They will use shares to pay for the interest but I doubt the Lenders will flood the share count.
Keep in mind not only does the shares used to pay for interest also give cash to the company.
It is not so terrible as you think
Why do you feel like it is going to be 14 cents just cause the conversion price is that? This company has not behaved like a chump penny stock.
Two ppl dumped 100k today. Either they flipped from the low teens or got impatient. Just a bad trading day.
Hopefully the 8-k comes today. We need to know. And then see how the market responds to that also
Thanks! Another kiosk. And it's in London proper.
How much cash are they using each quarter?
Not worth discussing. It's obvious by the past two conference calls that they will either gain in value on their own or be bought out.
What in the hell is with the ticker?! The only better refinancing news we could have hoped for would have been for more of a cash infusion.
And yet the market still decides the pps is worth so little. I wonder how easy it would be if dan would get one of his buddies to by $1mill of this stock and manipulate it upwards?
Patience is key but come on!
Interesting thoughts. We all know that they are going to get more than they had and the 8-k no doubt will show that but I would like to believe the senior debt holders have patience and will not bleed the company too fast.
This new agreement shows that level of trust.
2020 is a long time. They can develop immensely before then.
Now it's really on Dan to start expanding without using the excuse of being cash strapped.
I really do wish they had more than just four million to fund operations.
Now I start to wonder if the share count will expand to pay for operations in a very controlled way once the 4 million is gone.
Maybe cut it out with all the quotes. You don't have to do it every time.
Ok, I hope you gain as much from this as I do
So they specified that they were delinquent on only 2.7 of the 7.4 you talk about.
I don't get you Sean. Sometimes I wonder what drives you to debate points when you have no skin in the game and have never voiced your desire to invest in ecig.
I do appreciate you taking the devils advocate side to keep everything relative but still...... Don't you get tired of arguing for nothing gained in the end?
Well now they have cash and less interest and not principal payments needed for 4 years. That is huge. Regardless of warrants. The bod look to be very responsible in regards to the outstanding shares.
I think we should all feel much more at ease with the news. Just expand and increase revs and make more profit.
Imagine. Q-2 is closer to 15 mill (say 14 and change). Then they open more kiosks in other countries and more in in the U.K. And this e liquid website gets going.
Then q-3 is 15-18 and still only worry about a significantly less interest payments (800k I'm assuming 1/3 of 2.5 mill)
Then q-4: 16-19 mill. And then we still have 3.5 years till principal payments are dude.
Just pulling numbers out of the sky but this is becoming a more clear path to success.
I also wonder if the 4 mill was to pay the 2.5 mill in interest or if they somehow lumped it back into the new refinancing. We need that 8-k
It was 2.5 million Sean.
Sean, they very clearly stated that they got 4 mill in cash. It's just that simple.
I think what he is saying there is that calm waters was first in line when it comes to being paid out. Then others were "secondary" note holders. By releasing that title it allows both primary and secondary debt holders to have the same claim to debt. Equal treatment.
You don't have the 8-k yet. Nothing can really be determined until then. The warrants will be used I imagine as a tool to help fund operational expansion and pay off interest each quarter
I'm sorry but do you for a moment really think Dan or anyone else on the board will cash their shares out quickly? Or act in such a way as to hold the pps down? Is that really a worry?
No one says it but they can only get 1/3 of their total stock options every 12 months.
Sean boy are you concerned? Bjdev?
You don't honestly think that do you? You should have more trust than that.
You didn't really have that much invested. Lol just a quick fling.
I'm with you Jim. I have a great deal to gain from their success. Everyone here should have even more confidence after today's news. The concerns are silly. The new stock options given are not that troublesome.
Please note that each person can only cash in a 1/3 of their total shares every 12 months. A 1/3 now and then every 12 months.
To think that they will bleed to company and run off is absurd. They are just getting started really.
My only complaint so far is 4 million is not a great deal of cash for that long of a "runway". The 8-k will show much more.
They lost the old ones for new ones. Not extra.
Haha wow 20% you must be proud. My plan is for long term which this company is doing. You get excited about a few grand. Get on board for more.
Agreed. No one will flood the market until this is closer to 50 cents to -a dollar at least. Now we just have to wait until q-3 report to see the result of this. That's the real bummer of it all. This is the biggest waiting game I've ever played.
Per quarter. 2.5 mill. So now it's a 3rd of that I would hope.
Does this mean they don't have to pay the interest? It talks about principal payments by what about interest payments
What I can understand is the interest payments. It says that all principal payments are suspended but what about the interest payments?
I like it at first look. Don't make any payments until 2020! And the interest rate is 4% on all the 78 million. That is a pretty nice deal. Still the only got 4 mill in cash to use. Wish it was 10 mill in cash
So here is the problem with your argument. Remember that many times during the end of our previous CEO and during the currents tenure they were in default on debt payments. I do not recall seeing 8-k about that. This is a loan in default and the others were interest in default of principal loans but still your logic would necessitate one as well. I've also never seen an 8-k for other much more dishonest penny stock companies release one either.
I don't think they have one yet but are close and believe they do not need to file until the have a completed agreement.