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Ill wait for my .0017s to fill lol
Like I said: Gung-ho on EVIO!! Most of the consulting arm has switched gears and is focused Mostly on California roll outs!
The patient will be rewarded
I get that it's conversion pay off, but that is about to get restructured in a big way.
Look at the notes section in q.
"On August 26, 2016, the Company sold and issued a Convertible Promissory Note to an unrelated party, for the principal amount of $76,650 of which $6,650 was an original issue discount resulting in cash proceeds to the Company of $70,000 pursuant to the terms of a Securities Purchase Agreement of even date therewith. The Note, together with accrued interest at the annual rate of 8%, is due on August 26, 2017. The Note is convertible into the Company's common stock commencing 180 days from the date of issuance at a conversion price equal to 55% of the lowest trade price of the Company's common stock for the twenty prior trading days including the date of conversion. During the nine months ended June 30, 2017, the noteholder converted all outstanding principal and interest in exchange for a total of 10,087,373 common shares. There was $0 and $76,650 of principal and $0 and $588 of accrued interest due at June 30, 2017 September 30, 2016, respectively.
On August 26, 2016, the Company sold and issued a Convertible Promissory Note to an unrelated party, for the principal amount of $76,650 of which $6,650 was an original issue discount resulting in cash proceeds to the Company of $70,000 which was funded on January 3, 2017 pursuant to the terms of a Securities Purchase Agreement of even date therewith. The Note, together with accrued interest at the annual rate of 8%, is due on August 26, 2017. The Note is convertible into the Company's common stock commencing 180 days from the date of issuance at a conversion price equal to 55% of the lowest trade price of the Company's common stock for the twenty prior trading days including the date of conversion. During the nine months ended June 30, 2017, the noteholder converted all outstanding principal and interest in exchange for a total of 11,103,272 common shares. There was $0 and $0 of principal and $0 and $0 of accrued interest due at June 30, 2017 September 30, 2016, respectively."
We won't expect dilution from this note next week...factual ammo for noobs against the bashers..
I'm not saying the q is stellar! Like pps up stellar.. Prob not. Long run? Yes. Revenue has proven to be sustained, even with a slight increase, despite additional overhead. Meanwhile WW has been busy adding to Q4 revenue across the Nation... Has anyone looked into Masses capabilities?? Pretty sure WW said we can accommodate all their testing needs... Mags unearthed the busy Florida EVIO bees (Kaycha is a vertical integration wonder) which hinted that they will be able to fill the needs of patients.
Past DD Points to us only awaiting our creds on OR and most definitely Cali Machines. Unfortunately they are our high rev accounts... FOR NOW... But eventually they will be online. The question is when? Also, how will WW roll out the news? Revenue guidance, updates, and projection from WW would be nice... Listening WW?
PS to longs: any hard slant or stance on DD, even though I know you know this, with be for noobs benefit only I like to use fact, even if it's sounds pumpy
The "no brainer" for me is the note holder that chose to ONLY convert 25,000 worth of shares since May...
This is OJ Penny, how often do the toxic lenders hold when the time is up?? We know someone with big holdings held for over a year... now note holder three is holding a core???
Rabbit hole:
The Mezzanine switch-a-rooni =pay off the March debt pre conversion with some of the 3m; post-split finance washes the mezzanine..
Balloon Split-er-roo= WW said that OS right before split might ballon up to 2,900,000,000s right before RS... Mainly to curb take over attempt (right?), but also to pay out this March debt early..
Dips welcome, this is now my 401k :)
I used 256k because it's not speculation. WW stated that pesticide outsourcing cost 512k for six months (q1-q2). So q3 without live equipment at least lost 256k outsourcing cost. I agree, and said that pesticide outsourcing for q3 obviously increased; but so did the amount of tests EVIO conducted.
Others can feel negative towards this. I know, and you know, and all of us STILL HERE know: pesticide testing is the key!
IMHO since it was due over a month ago... It's any day now...
.. Paying off debt EARLY is a plus too right?
I agree and kudos!
IMHO consulting was the surprise, although not a good one...on the surface, it is a telling development. It means they are gung-ho on EVIO. Costa Mesa (plus spokes in So Cal), Middle US, revs from Massachusetts, revs from Florida...
We all harp about the difficulties of toxic financing and the extremely strenuous task of receiving accreditations. But that is life. The pesticide machine is the final domino, the last systems check before what I believe is a blast off. This q, which you correctly called at flat, is proof that the model is sustainable, and profitable. When machine is live we keep 256k in lost op cost, and potentially reap in 256k from other non accredited labs... We have DD in the board above that shows this, plus two other things:
1) other than Steep, which I can't trade, EVIO has a head start with labs in OR and CA. Do sierras DD, weed maps, and see which labs have the specific ISO requirement. Count em lol..
2) the market is growing. The harvest IMHO will be ginormous this year for EVIO labs. More growers, more extractors, more dispensaries means more labs and more tests for us..q show steady rise all year in testing revs, even summer! Which means that even before the influx of harvest, our testing model is increasing revs... We can see loss growing too, FOR NOW, because we have more tests that need pesticide outsource....
Q shows that WW wiped the old Toxic debt, minus the note holder that has elected to keep his shares rather than convert...
"Note holder 3
On September 19, 2016, the Company sold and issued a Convertible Promissory Note to an unrelated party, for the principal amount of $76,650 of which $6,650 was an original issue discount and $7,000 was paid to a third party on our behalf resulting in cash proceeds to the Company of $63,000 pursuant to the terms of a Securities Purchase Agreement of even date therewith. The Note, together with accrued interest at the annual rate of 8%, is due on May 19, 2017. The Note is convertible into the Company's common stock commencing from the date of issuance at a conversion price equal to 55% of the lowest trade price of the Company's common stock for the twenty prior trading days including the date of conversion. The Company may prepay the note during the first 180 days it is outstanding at a rate of 115% of the outstanding principal amount during the first 90 days from issuance and 135% of the principal amount during the next 90 days. The note may not be prepaid without the consent of the noteholder after 180 days. During the nine months ended June 30, 2017, the noteholder elected to convert $25,000 of outstanding principal in exchange for $4,807,692 shares of common stock. There was $51,650 and $76,650 of principal and $4,771 and $185 of accrued interest due at June 30, 2017 and September 30, 2016, respectively."
New debt WW has stated will most likely, most hopefully, be wiped out after Split, AS, new Financial backing, etc.. I haven't forgotten the path. IMHO neither has WW.
;)
Correct on q/q math. Ish... Look at Q/Q... Closely...Testing revs up slightly.. The reason overall revs down is cuz CONSULTING WENT IN HOLD. 87k in consulting last Q 7k this q....didn't everyone on this board want them to focus on TESTING?? Rather than consulting??? Well they did, yet people still aren't happy...
Your NOT CORRECT ON NOTE btw
AUGUST NOTE HAS ALREADY BEEN PAID view my previous post.
Next 4 notes due march 2018.
Almost done reading it. Full comments to come soon
First glance at notes as I'm still not home, but too excited to wait... August note (s) is already converted... As predicted by yours truly..
"On August 26, 2016, the Company sold and issued a Convertible Promissory Note to an unrelated party, for the principal amount of $76,650 of which $6,650 was an original issue discount resulting in cash proceeds to the Company of $70,000 pursuant to the terms of a Securities Purchase Agreement of even date therewith. The Note, together with accrued interest at the annual rate of 8%, is due on August 26, 2017. The Note is convertible into the Company's common stock commencing 180 days from the date of issuance at a conversion price equal to 55% of the lowest trade price of the Company's common stock for the twenty prior trading days including the date of conversion. During the nine months ended June 30, 2017, the noteholder converted all outstanding principal and interest in exchange for a total of 10,087,373 common shares. There was $0 and $76,650 of principal and $0 and $588 of accrued interest due at June 30, 2017 September 30, 2016, respectively.
On August 26, 2016, the Company sold and issued a Convertible Promissory Note to an unrelated party, for the principal amount of $76,650 of which $6,650 was an original issue discount resulting in cash proceeds to the Company of $70,000 which was funded on January 3, 2017 pursuant to the terms of a Securities Purchase Agreement of even date therewith. The Note, together with accrued interest at the annual rate of 8%, is due on August 26, 2017. The Note is convertible into the Company's common stock commencing 180 days from the date of issuance at a conversion price equal to 55% of the lowest trade price of the Company's common stock for the twenty prior trading days including the date of conversion. During the nine months ended June 30, 2017, the noteholder converted all outstanding principal and interest in exchange for a total of 11,103,272 common shares. There was $0 and $0 of principal and $0 and $0 of accrued interest due at June 30, 2017 September 30, 2016, respectively."
Next notes are due March 2018...
DD shows us pesticide equip wasn't going to be live until June 30th anyway.. The said part is q 4 is turning out to be the same issue, as the equipment still isn't up. (That we know of)
Will look into notes later tonight when home. Disappointed by revs, but all in all its flat from last quarter... But now we have mass and Costa Mesa build out...
Only positives to come from here!!!
GREAT NEWS!
Hey Steve, How about you spring for a WIDER PR RELEASE! We have 1mill of new revenue... What's 600$ for a proper release of news??
Voted. For all except RS of 1-100-1-250. Wish they had a comment section for us to defend why...
If they would have I would have said:
1-100 and 1-250 are crazy ratios IMHO. Instead I would like to see AS reduction to 1 billion, then a split of 1-25 or 1-50, then another AS reduction IMMEDIATELY after the RS.
We can get to QX with this route fairly easy. We will also save face with shareholders and strengthen our chances to uplist to NASDAQ by 2019... I'd rather build value overtime then cut the line and hit the big boards when the co. Isn't ready
Pipe dreams ;)
What is the point of that flash? NITE JUST FLASHED .0045 ON THE ASK, then took it back down to .0038...within mili seconds..
Mary had us beat a long while ago lol... Good to see you on another board GB!
Bought my starter on Monday... probably will add more once 4 is busted.
I'm starting to get some goosebumps here for sure though... kinda like last year (in August) when i found SGBY at .0037...
:)
Its lunch... Let everyone eat their whoppers and finish their soups/salads...After they digest both their food and read about the new 480k stream of revenue (signed and sealed) the bulls will come. Power Hour might be promising if enough of them show up.
:)
glad i found this one the other day.
Lets see if this news will finally kick us over that .004 hurdle...I bet it would if SB sprung for the Global access news wire... When only OTC and Ihub have this info, there aren't that many eyes on it...
Its time for Mass Exposure Steve... the Texas dealership deal should at least prompt a wider release of news...
Pathetic.
What about the 1.4 billion share reduction?? Wasn't that and CO supposed to be revealed this week as well?
So your still not going to create a support line at .0031?? Look at your chart... The Bears have tested and failed to drop this lower than .0031 at least FIVE TIMES over the last few days...
Or are .0028 and .0026 pps targets for the CT short brigade??
Like i said before it doesn't make sense. IF we are going to be trading at 2.00 on the QX (which is cool i guess) then we need to make sure the AS is under control. as things sit now (proposed AS of 1 billion), that leaves us with a 980 million float. THIS WILL TANK HARD if we are over a buck with pps but still at a billion AS...
Maybe, though i am sure he has a full inbox over the Late Filing...His exact word to describe the QX was "springboard." Use the QX status as a springboard, to gain momentum, and interest, in order to attract better financing and investment, in order to get us the rest of the way to the NASDAQ.
I think we are all focusing on the wrong hand here. THE AS is a heck of a lot more important than the RS right now. IMHO.
Which is my point, lol!
Sorry Gangsta we are gonna have to disagree on the range.I know i might be reading too literally here, but its the only thing that makes sense.
the quote from the filing you provided refers what im talking about.
My hunch= it's not going to be 1/100 or 1/250.
When you really look at the wording here, we aren't really voting for a specific spilt right now. On the surface we are voting for a split, but what we are really voting for is giving management the ability to instate an RS, maybe have it be 1/100 or 1/250 or any ratio management sees fit to initiate. We are voting to give complete power of AS and OS to management. They will determine what actually goes down within the next 12 months and NOT NEED ANYMORE INPUT FROM US...
Like I said, LEAP OF FAITH.
My hunch= it's not going to be 1/100 or 1/250.
When you really look at the wording here, we aren't really voting for a specific spilt right now. On the surface we are voting for a split, but what we are really voting for is giving management the ability to instate an RS, maybe have it be 1/100 or 1/250 or any ratio management sees fit to initiate. We are voting to give complete power of AS and OS to management. They will determine what actually goes down within the next 12 months and NOT NEED ANYMORE INPUT FROM US...
Like I said, LEAP OF FAITH.
Q was due tomorrow. The filing today means it's NOT coming tomorrow. My point is: that's all the filing means. It could come out Wednesday or Thursday for all we know. That's what I meant by not six months.
Disappointing, but expected. IMHO the early Florida announcement botched up some time lines. Also, the late filing just means it's not gonna be out tomorrow.. not that it is going to take 6 months. WW will have it out ASAP. By eclipse is my guess.
Holding and adding with last weeks powder if we dip.
Hold the faith y'all
As always WW unveils a plan but doesn't give us a stable time line. WW vote at the end of the month, but no where does it say that the split will come right after.
Too many unknowns here!
What we do know:
Split coming BETWEEN 1/100 and 1/250.
AS reduction to 1b
Further AS reduction to ??
OTC QX is next
NASDAQ not for 1.5-2 years from today.
My take on the time line: (based on DD, words of WW, and speculation of what i want to see)
If we are going to QX first with the RS it won't need to be 1/100 as the QX requires a pps only 1/8 of the nasdaqs (.25 for QX 4$ for NAS). With two PRS (one about Cali again) this can make QX with a 1/10 split....then the secondary AS reduction kicks in, and we start HEALTHY SS trading up to NAS on our own.
IMHO this is better than splitting hugely now... But to be honest It's all confusing really. Why do we need the 1/100 or 1/250 so soon when we aren't going to NAS til 2019??
Dude. Get out while you can if this runs any higher. No hopes and dreams
I think the leap of faith comes from the fact that WW hasn't clarified what the new AS number is actually going to be. 1 billion is the only number officially on the books. Comments (not through 8k) regarding lowering it don't make it so until a hard number has been thrown out there by management. WW has emailed that management will reduce the AS again, but we are the ones guessing as to when they will reduce the post split AS...
Also, we don't know what the post split AS will be. I believe WW has the shareholders in mind for sure, i just don't feel like the rest of the market takes him at his word. This is the MJ penny world...until we are out of the shark infested waters this is just so.
Glty buddy, ill be here waiting and enjoying every minute of the company's growth with you.
Per the Pre 14 we are also voting to allow RS to be determined by management. A yes vote means that They can make changes to AS, and OS without having to get another vote. Basically this is a leap of faith.
the question on everyone's mind is what is the new post split AS? I KNOW it's not gonna stay at 1 billion. That's why we are voting for streamlining the approval process for additional AS adjustments... Just my opinion of course
Now do that with a 30 million AS...
Because they don't read mags,....
Nice find! Hope the banks around FT Lauderdale start handing out business loans.. City has to get system in place, but still, the more growers, extractors, and dispensers the more tests. $$$ needs to start flowing.. Old Republicans that dislike green ganja sure do like free money, right? It's inly a matter of time, IMHO
I just wish the federal yoke would be taken off. Imagine the possibilities if our Federal Government would just nut up, and say: "sorry for the whole racism thing against Mexicans and banning weed in the 30s. We knew it was harmless, but we already had invested in the pharmacy aspect of drugs...How is Hemp gonna help us when Russia, China, Iran, and the rest of the world are trying to get oil.?? Plus, we were trying to get a grip on things...anywho, We are sorry. Our bad. To rectify we will decree that free joints will be given to everyone every 4/20, FOR LIFE. (Not mandatory, Us citizens only)"
..
LOL... i was told not to sweat the day to days...I'm still here... I just knew that the preferred D's convert.
I spent that last few months asking everyone here to get with the program and ask about the D's. I remember when the 8k saying that the B and C s will convert..but the D info never showed. WW did address this, just as i believe he will address the post RS AS question.
I 'm just glad i rode and bailed off that ERb# this morning. Once clear i will be able to add more cheap SGBY shares...
Good Luck buddy!
That wouldn't cause anyone who has been here long enough to dump... RS is quite clear imho.. there will be just one type of share...a common share...for all invested in SGBY...preferred or not.
The only thing uncertain is that we don't know what the AS is going to be after the split. Initially we know it will be 1 billion post split...but we also have word from WW stating that it will not stay at 1 billion. We are uncertain as to wether we will set up a SS that is beneficial for shareholders... ie small AS (like 30 million) or a bigger one that can be diluted...
Hope the long isn't trying to catch some other play... that one is about done for the year...
Something is up. Nothing has changed for the worse here, yet long just jumped ship...WTF?
massive dump there!!
Bogus is what it is.
You thinking labs instead of vertical integration?