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It's dark in here but a full acquisition is still on the table. You can't rule it out.
It is a positive step to clear debt (and have revs and earning) as most companies deregister as a prelude to failure. That is not the case, as VHUB has value. The question is how much value.
The result could be any number of things. Ply and VHUB could be consumed into or rolled into a third party, public or private. A third party entity could be at the table as well or in play in what happens.
I am speculating that the full meal deal goes through, leading to liquidation. I think mom and dad want to retire and this will be a nice additional goose egg.
As to the tender off, I got no clue.
I love you too. Thanks for this list. Some new ideas for me. Love the cheap shares and will vet further. Possible buys here.
The dead man seeks coins.
It's a little too damn quiet now, considering all the earlier buzzy PR's
WTF KCG Americas is in, clank then the're out? What's up Primco Management inc?
My understanding is that KCG is a successful Market Maker. Was it an aborted dumpster dive here -- yuck, no way! -- as they reviewed the history of this fine American company?
Only a reckless idiot would do a fake news filing ... it takes time, $ and effort to cook up and file a 13(g) flip like this. I am not completely convinced it's all false, as I do own shares here and it's interesting to see action of any type.
Maybe I should click my heals three times and say, "There's no place like home."
PMCM $PMCM
I thought the .008's looked cheap but now it is down further. At some point it will hit bottom. Call the bottom and collect the big shares but for now I am waiting on the sidelines.
Absolutely, my friend! Peace!
I love this stock! PUFXF up the little hill we go! Nice week!
NEWC I am an altruist. The compelling reason that I bought this stock was the impending, now passed, peace accord for Colombia after 50 years of civil war.
Bashers can show lots of ties to seriously interesting and less than scrupulous people who have been attached to this endeavor, but at that time Colombia was at war and an outright dangerous place. Who in their right mind would invest in a penny stock based in an unstable Central American company? (A lot of scheisters.)
Specifically, a coal mining company for the past 4 or 5 years. Ouch. But wait, look the world had changed ... peace, pot and the price of bituminous coal are all the rage. Gotta feed the monster battery factory and make steal then rub some pot on myself.
I believe in John Campo too. He is a patriot and a catalyst for industry, infrastructure and progress in Colombia. John is the reason I continue to hold and look to accumulate New Colombia Resources. John has been given an astonishing task and opportunity like right freaking now.
Get 'em cheap while they last. Best regards to all.
I agree. Most mj only companies have higher market values. This stock could go to .50 pretty easily and quickly.
Honestly, I don't give a rip either if it goes up and it really should.
Thanks for this DD. Informative and interesting.
Agreed.
I will wait for the proxy.
The initial PR said "all assets," but later documents mention it as an "asset purchase." Intellectual property was identified as an item included in the negotiations.
What assets will remain post-purchase? Perhaps inventory, perhaps the website, perhaps both or neither.
With only that info we are left to wander in uncertainty.
My investment here, while important to me, is very small. I can afford to lose it if it comes to that, and losses are part of the environment in this forum.
Still, I am holding. I want to see what happens and I want to own shares when what is happening is announced.
I could speculate as to what might happen -- perhaps the website and inventory remain with the Winthers and they focus on sales rather than production. Perhaps the Winthers focus on production and sell the website to Ply. However, neither of my theories explains the full picture or account for the delist.
Speculation is what it is -- a theory based on less than full facts. That is all we can do at this point.
Right there with you. .0009's
Farewell, Amigos, find something better. I am staying here for a little while.
Somebody will. These guys don't have what it takes to do more than one brand or incubate. One-trick poney. I will wait and see with my cheapies.
Trips are gold, got mine!
Right on! NEWC
The pump don't work cause a vandal broke the handle ... yeah, these guys have hawked their Tequila from a soapbox for 10 years. I think they did what they had to do, and it's not pretty or totally truthful. Lots of big claims, little apparent follow through, shady details, half truths.
The Top Shelf deal was amateur hour in many respects. They still haven't done what they said they would do!
Factor that into your share price. Don't forget that there may be a distribution 90 mil shares thru the Top Shelf deal, restricted a year, of course. Ha!
I bought cheap and hold the stock because it's hard to find a liquor brand staged for acquisition, and I think this could become one.
You are correct, I think the market has adjusted to factor in the possibility that what they say now is just more bull crap.But the window here will be open only briefly for these top ramen eating losers -- it's time to win or fail and that should happen in 3 to 6 months.
They cannot self fund this. They have to find a distributor and fill orders. Repeat and grow. It flies now or these clowns go home with nothing and the shareholders go with them.
Shareholders are urged to review the definitive proxy statement that we do not have yet. Alrighty then ...
Taking a deeper review of the documents, Ply has purchased assets that will require Intellectual Property releases, however VH retains all rights/licenses necessary to sell remaining inventory. My read is that the purchased assets come with no claims/lawsuits known at this time, thus the Winthers keep the cause of action (how fun ... sarcasm).
Positive - VHUB will be debt free as a result of the assets purchase. Unknown - what exactly is being purchased or retained. Negative - VHUB ceases to be a registered security after the transaction.
While the docs mention the possibility of additional buy-out offers, that seems to be form over substance. I don't believe that will happen, even though being debt free would be a step towards a JV or a reverse merger.
My theory is that Ply buys the IP, leases and manufacturing plant. VHUB gets the lawsuit, the website and some amount of inventory. VHUB then can sell inventory and prosecute the lawsuit, Kyle can play with Adsense and the Internet for at least a while longer. Shareholders get whatever the Winthers can pull together from all of this, I hope.
I am not certain on memory what the value of inventory was in the last financials, but that would seem to be allocated as part of any dividend to shareholders.
There are still many details left in the air. This is my speculation. There could still be a surprise here and the deal could still fall apart.
I think you are right.
A stray fact from the 12(g) -- there are 42 shareholders of record.
The question is, what did Ply buy? They didn't get everything for $1 million.
Orphan drug status would be pure cake here. They have refined their medical products since 2014, apparently with reproducible local strains into reproducible products. Big plus when compared to the average American flowers and bong hit mentality.
We should see how the pain cream sells pretty soon.
But the coal is what really makes this company valuable, pot just makes it have a higher media profile. If you find another business that has this much potential, please tell me what it is.
You have to read the comma as disjunctive, so that what they are not purchasing is inventory and the lawsuit rights. Interesting?
I won't turn this into a primer on legal draftsmanship or interpretation but it is a monumentally poorly crafted sentence, one that could be interpreted against your side one day because because the judge is late for his golf game. Seriously. Lack of clarity is generally held against the draftsman.
This beast has been tough to ride out but we did it. Those of us who are are left, at least. Helluva ride this has been!
But the market here feels as if we are fighting an algorithm intended to discourage us from holding and test the nerves of those remaining.
It's sort of like Willy Wonka being mean to Charlie Bucket at the end of the movie to test Charlie one more time. I am still hoping to own part of a damned chocolate factory tomorrow.
Haha this has been an interesting adventure.
That is what I see - not enough info. I don't believe the family sold their biz for less than top price nor would they outright screw the shareholders. IMHO I am waiting with my little bundle of shares to see page 2 on this tomorrow.
Everything will shake out tomorrow. If I held penny shares that are now worth .005, so be it.
Still holding. Taking it into tomorrow without fear, because there is a game being played here and I only have 20 percent of the facts. MMS cannot shake me.
Pretty soon this one's gonna go up like the municipal ski jump slope in Calgary. Just saying. I got a couple shares. This could be fun.
NEWC is an exciting stock to own in that it must sink or swim and we will see in about 3 to 6 months. I love my little bundle of cheap shares.
Let the market decide. See where we are in 90 days.
Reply. Agreed. They are trying to shake the weak hands before we share the bounty. I am all in the market now or I would buy more as I too believe there is a lot of money still on the table but you might have to wait a few months for it.
ISBG Slap Shorty Days here
Repeat after me: This will be a penny very soon. This will be a penny very soon. This will be ... Now click your heals together three times as you repeat the mantra in unison.
I bought this stock fully understanding that it was a flying weird-mobile of a company. Yet I persist in the belief that they have a viable product going to a receptive market. The company certainly wants me to believe that too based on today's PR.
If they're just jacking everyone off here at least it feels good at the moment. I got some discount shares, let's see what happens.
Good trade
Nice post. Go NEWC.
This company's potential is amazing and the shares are still cheap.
ISBB it could hit copper by Tuesday.
Done it before, right? That's what I am thinking. Really fun stock to own right now, waves of buying and clear skies ahead ... we shall see.
Definitely a hot penny stock for 2017.
Somebody better email Howard Stern and let him know we got some magic tequila that will make his dick stay harder, longer and bigger. Drink a bottle of Besado Tequila and see how it works for him.
Happy Valentines Day Howard!
Bed-Sty Peter Cooper, baby, Alphabet City is the place to be. NY, NY
ISBG
DOLV nice legs, IMNotsohumbleO
... maybe this horse will race to the finish line. Got me looking and so far I gotta say, this little filly might have some legs. DD time. Deep dive. There are other horses at the starting line, but it's a real good time to start a business NOW
Peace and love and the markets.
Thanks. Plays like Kali Inc really interest me, always looking for others.
I freaking love it