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Could the CEO just get the board to give him more shares after the RS?
Agreed. They would have diluted prior to earnings. When the public didn't know about the poor quarter.
Agreed. A RS of 75 mill to what? 5/1 is 25 million. No way. Gotta dilute the OS first.
Yeah. It's true. I would still expect 13-14 if the decline is the result of poor store sales management. He did say that was the primary reason. Now that they can focus on the things each one is passionate about.
New financing has got to be significant to pay debt and provide funds.
Well he did say that for the most part, the reason the sales went do was cause too many ppl doing to much and not focusing on each locations sales. I hope that he means this and that we get close to 15 coming q-2
Check out the quote.
The new CFO is certainly here to get funding
Phil and I have dedicated our efforts on working towards a solution of restructuring the debt and as I mentioned Bill will assist us especially because he has done this in the Denver area.
We will look for some input from several sources and one of them will be people who have investment groups who have done this before.
So we feel pretty comfortable that will have a broad enough outlook, a broad enough review of what can be done to be able to present to the current debtholders a plan that makes sense, a plan they want to invest in and obviously a plan that will give us a longer runway to develop the overall value and create value for shareholders that we need, and that we haven't delivered to this point in time.
Plz sticky
A loan big enough to buy out Strong and give us funds to expand is gonna be hard to get. Would be huge.
Nope. Phil is not the best suited cfo. He resume is not that amazing compared to the new cfo. Phil was never a cfo of a publicly traded company leading up to this company. The new one has an actual history of mergers and finding capital. Just look at the linked in profile. It seems pretty clear to me.
Yeah, the one thing I got from the call was that he is dedicated to getting a new loan. It's pretty obvious the new cfo is there for one reason. Find investors that are willing to fund the company
That whole call was depressing. It's gonna be such a long road
What is the new capital structure comment about? I'm at work!
I agree. Just have to trust it works out
I can read just fine. Thanks
I am confused why you are so supportive of messaging our primary investor accusing him of stock manipulation without any evidence? Free speech is great but are you really supporting that ?
Yerboss. Relax. You are interjecting so i am speaking to you. Don't be a "coward".
Woah. Calm down. You are being a conspiracy theorist. Even if he is doing what you believe you will never get him to admit to it. And you will never have the evidence to prove it. It only serves as an annoyance. Get real.
Oh god lol. Don't do that. So foolish. If he does respond he will likely not be kind.
I'm thinking 17-18 would be good. 10% q over q = 16.5 and 20 is 18.
So 15-20 is certainly possible. Remember a lot of the new kiosk just opened q4. Maybe now they are gaining traction. He is really putting a lot of talk into e commerce so we should see something there.
Lol awe come on. That kinda thinking will get you no where
No. Too few shares traded
You are thinking too much about this. Just wait till that day. You can't predict the numbers just by when they decide to release the info (before the bell or after the close of the day)
Thanks for the input.
Look here;
http://ww2.cfo.com/risk-compliance/2010/05/should-cfos-serve-on-their-own-boards/
This could explain why Anderson is not a board of director. Even tho the article supports CFOs being on the board. so, many public companies don't do that.
If we step back and think about the new auditing firm also it may also show why his contract is reduced in terms of shares given for his work.
The new audit firm is huge! They have 45 sec reg companies. The cash flow analysis and cost controls can easily be done by them. I think in an essence Anderson came in and did what he needed but it happened faster than he and the group expected thus resulting in reducing his payoff and his overall duties.
Anyone else with other thoughts would be nice to hear. Realist, where is your input?
And it's not just fin. The VIP kiosks will come once this legislation take effect. Like the cc said. It's a wait and see situation here. Also VIP Will be sold thru e commerce
We can easily afford the application. This has all been thought out by the CEO. They will see this as a chance to leap frog ahead and snatch up others that can't afford it
If they know they can't become compliant they will stop making new product and just sell what inventory they have left and just fade away. It's a slow death
Think about it. It removes smaller players and creates gaps for our group to fill. It also forces the consumer to choose from fewer options, of which we are one!
Oh these are shares that may be converted. At a much higher value than the current pps
Did anyone see this!
In the 10-k
It shows man fin and O'neill have a lot invested. Well if they get it right they will make plenty. Notice that Anderson is not heavy on shares.
Besides dick strong, O'neill and finco hold the majority of all future shares so far. Why would this fail without a fight?
Beneficial Ownership
Position with Company Shares (1) Percentage (2)
Shareholders Owning 5% or Greater:
Man FinCo Limited Shareholder 23,692,257 30.01 %
Directors and Executive Officers:
Daniel J. O'Neill Chief Executive Officer and Chairman of Board 19,844,52 20.83 %
James P. Geiskopf Director 542,857 (5) *
Craig Colman Director 322,857 (6) *
David Karp Director 322,857 (7) *
Philip Anderson 2,484,458 (8) 3.20 %
All Directors and Executive Officers as a Group (5 Persons) 23,517,555 23.91 %
(1) Based on 75,128,932 shares of Common Stock issued and outstanding as of April 20, 2016
I've seen these on the tv a lot lately. It's a good thing overall. Also blue looks a lot live vapestick with the blue light when you inhale. Just in different positions.
If you look at James P. Geiskopf's profile you will notice that he was president of budget for some time. 1986-2007. Budget then went public in 2007. He was the CFO. If Anderson leaves we are def in good hands. Anderson is getting a great deal of praise here like he is on the same level as Dan O'neill. He was employed by private hedge funds. Who are invested in us. Who also have a former cfo. And now employ a large auditor ranked in the top 30.
Everyone expects it as suspect just cause we don't have a clear answer.
As long as the money keeps coming in and revs increase things will continue to progress.
When he sold budget it also went public that year in 2007. Each person on the board has an exact purpose for his presence. Even tho Anderson left in a mutual way he may have been persuaded to stand aside. Just like the former CEO.
You are making many assumptions. He is an employee of pinnacle. What makes you think he even had a choice? I am sure we will hear this issue at the conference call. As for the CEO, he is here till 2017 and can renew it if they both want to. Both sides are able to walk away. The CEO not have to be locked into a 5 year contract just to show he is invested.
Everyone here is still thinking the directors are hiding something and that we will be left with a shell company. Come on guys, the revs are not gonna disappear and everything they say and do are focused on increasing revs and increasing net profit.
The only issue is the loans and making the revs and net profit catch up fast enough to pay off the loans as they come do.
They did say by 2017 they would be 17% positive. So maybe in 2016 in the later half it would be cash flow positive. Remember 17 percent of 2017 yearly revs could be a lot. If they can get 120 mill for 2017 that's close to 20 mill in their pockets.
Wow. That was very "gentle" of you.
Hey that's you. I will be very happy with anything 1.34 and above. Would make me a great deal of money. Also, if it's at $2 in two years from now is that a bad thing? They would maybe have a os of two hundred something and need a 4/1 or 5/1 RS to push it up in a big way to allow for an uplist. Why so concerning? Do you need it to be $5 to break even or just make a little bit of profit?
Those companies are so diluted in shares that their market cap and revenues Are backwards, therefore they are highly likely to do a RS very soon. Lol a billion market cap?! Trtc is a real company but they have a long way to go before you could ever seen them as a long term investment. So yeah their pps is higher fine. But it is a bloated share price cause of warrens being exercised and it in the mmj market. Be careful.
Ecig is the other way around which is where you want to be. Undervalued and low shares. Their market cap is less than their yearly revs.
So you mean to suggest that they will do a RS on 75 or 100 mill shares outstanding? How is that a likely hood? I think you are just frustrated and are blowing off steam and not thinking clearly. Yes they will restructure the financing of those shares if they can't get it to 0.45. They said the total shares are about 25mil for them overall for this year. Not that much guys. We are getting too worked up about something that is owned by "friends" of the company. So they get a few more million for not being jerks about the conversion and have to wait longer. If you look at the 10-k, after this group of shares come due, the rest don't turn until late 2017. This is strong money management. I think we want it faster than reality will allow. I'm disappointed that you jumped out. Everyone wants it too fast. It's going to be ok. A RS will not happen when you have this many shares outstanding versus authorized. I do believe a RS will happen 2-5 from now once they try to up list.
Wow almost 500k in shares today. Do we really think 90% is MM and not real buyers?
Says they are ranked #23 out of top 50 by the number of sec registered companies they do audits for. Pretty impressive.
He also stated that the 75 million in costs were related to the audits and that he was addressing that ASAP. As this pr shows it's a good thing