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Probably not...additional 10 mill shares, even if they are trying to lead us to where the funds will go. Hopefully this can be followed up by some positive news soon!
I like the use of proceeds section
We estimate that the net proceeds to us from this offering, after deducting the estimated offering expenses payable by us, will be approximately $ million, excluding any proceeds we may receive upon exercise of the warrants, if any. We intend to use the net proceeds of this offering for the commercial launch of FlutiCare™, if approved by the FDA, working capital and general corporate purposes, including sales and marketing activities, product development, capital expenditures, the potential repayment of certain debt of the Company and product acquisitions and product licenses. See “ Use of Proceeds ” for a more complete description of the intended use of proceeds from this offering.
Sounds encouraging but we will see
A bit more volume today. Hopefully this will continue. Looking forward to the next piece of news (when it comes)...fingers crossed its something big! i'm sticking this one out as really interested to see what happens next!
Bang on schedule there's the t trade. Other way round today!
Thanks for your feedback all. I just see lots of different interpretations. I just want to make sure I have it right. Like all other things I bet their are a bunch of other people on this board like myself who were unsure and make their own conclusions so the more info we can get the better.
Can someone please explain the agreement with iconic this please. My understanding is that iconic are allowed to convert the money they are owed into shares at a reduced price until they have been paid back their money. At no point are they allowed to own more than 9.99% of the company while doing this. Once they have been paid in full the agreement ends. Am I in the ball park here? Thanks for your help!!!!
Getting excited here. I have basically taken a chance with this company. I am fully prepared to lose everything here but I thought it was worth a chance. I reckon it may pay off! Hope so!!!!
To get your $1 you need the market cap to be about 145mil with no dilution. Not impossible but it's a long way from where we are now and will take time! However I am seeing a lot of positive signs to go much higher but let's get to .01 and then.02 first and see where we go from there! Really interested in news from these Middle East sales meetings!!! Could be a major catalyst.
With you on this one. Strong company. I'm in for the long haul.
All the news is pointing to this running. Really positive on this and should be able to get to my target # of shares tomorrow.
Yep. Nice recovery from this morning. This is looking strong!
Agree. I'm long too. This will get going again soon. I'm not concerned by the last couple of days. You have to put up with days like this sometimes on the OTC. This is a strong company and will expand rapidly!
So basically if this stock continues to rise we will owe them less shares. Here's a question. Based on what you have said and that they still own 9.99% it suggests that iconic are not selling a lot of this. Do they think it's going much higher too?
Yep. I was a bit quick on the trigger this morning. However I now have the shares for the ride up. Anyone who is thinking about buying needs to do their DD but don't take too long!!!!
I got 300k of that. I have my target number of shares in site now. Hopefully this will continue to grow. Done my DD and really think this will move on up.
Yep that's what I heard. I just want to see where this goes in the next few months. Now might be a good time to buy! Also what news will break the "quiet period" (i assume we are still in it). I'm guessing the next thing we hear are Q4 results. Hopefully they will be as good as expected!
I managed to grab another 500,000 at 0.011. . I have 2.7 mill to hold onto now. There are alot of positives. I understand the small dip due to the rapid increase in sp. it was always going to happen. This will begin climbing soon, maybe by the end of the day!
Jk I tok you advice on Owcp. Due to that and following your posts I looked into gigl and did my DD. they are receiving over 100 applications for north east franchises This company is going in one direction only. I bought the dip today however I'm all all about the number of shares I own as I know this is going big. I am holding this one. Very positive!!!! I'm not thinking short term either this is one to hold for years. The franchise model will allow them to expand like mcdonalds (slight exaggeration but you get my drift)
You're right. This will start to climb next week. Really like this company. I have 2 mil locked up!
This is a long term stock for me. OWCP is not a short term hold despite the price jumps. As I said before this will be GWPH within 2 years (I own GWPH too). The potential is huge. With this stock and VDRM I should be able to give my family a solid future.
Bosman, what is your interest here. You looking for a cheaper buy in? You may as we'll be honest and give your reasoning as I doubt that the only Good Samaritan on this site is you.
I'm long myself and willing to hold. I'm a small time investor but I think this is still significantly undervalued and will buy more tomorrow. This will continue to grow due to the patents and the low valuation.
I got my tip from JK and did the DD. BTW i alerted you earlier to check out VDRM I just bought some and its worth your DD too. Even with today's gain it is really low!!!! It has many similarities for those who missed the boat on this one.
This is not finished yet. This is a long term hold. So much potential. This will be bigger than GWPH within 2 years.
This stock has been one of the best i have ever bought. I am not selling a single share. Its a great ride and I am in for the long haul. I was fortunate to buy in the the low pennies. I am also long on another similar company VDRM. The potential is there and hopefully it will be another OWCP. Check it out and do you DD as it is very low at the moment. If you missed early on OWCP this could be a chance to make up.
Yes. Spoke to IR earlier this week. The company is now in a "quiet period". Make of that what you will.
Love the Q3 results. Most impressed by the 42% month on month rev increase. have to think that this will slow down however as an increase at this rate month on month would lead to nearly 5.5m rev for Q4!
I emailed Kevin from IR regarding your post. I needed a little clarity myself. I have asked him a number of questions recently and he gets back to you very quickly. See below. Hope it helps.
"The largest is derivative liability associated with funding. There is a very specific accounting way that the company must use for any funding. Although more complicated, fairly simply any shares or warrants issued must be marked to market and the difference between actual price, if higher, and issued price must be taken as a loss. It is not an operational or cash loss, as the company actually received $3 million in funds plus a potential of $1.2 million more in warrants as result but shows as a loss from an accounting standpoint. It also is not necessarily an ongoing loss"
"As reported on a cash flow and operational basis the company made money last quarter, several quarters ahead of schedule."
"The S1 filed today is directly related to the funding"