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So, that looks like pretty much all of the shares are being held by people close to the company, correct? Unless they dilute themselves, the only way the company raises further capital is by principals selling shares or taking on debt.
So, is it your sense that these three substantial investors/directors have all been duped?
https://www.sec.gov/Archives/edgar/data/1223065/000143774920000693/vfk20200109_sc13d.htm
https://www.sec.gov/Archives/edgar/data/1375195/000143774920000692/cjl20200109_sc13d.htm
https://www.sec.gov/Archives/edgar/data/1375195/000143774920000695/sc20200109_sc13d.htm
It's all a learning experience, this stock market investing enterprise.
I don't think there's a day that goes by that I don't learn something new in the markets.
I suck at math, but it looks like these three SEC filings have three principals owning over 100% of the shares. I'm guessing I'm wrong. Can someone confirm?
https://www.sec.gov/Archives/edgar/data/1223065/000143774920000693/vfk20200109_sc13d.htm
https://www.sec.gov/Archives/edgar/data/1375195/000143774920000692/cjl20200109_sc13d.htm
https://www.sec.gov/Archives/edgar/data/1375195/000143774920000695/sc20200109_sc13d.htm
That paired promotion is a great idea. Have they thought about pairing with Budweiser!
Tim, I thought you were a long term, forever holder!
Too hard to sit and watch it do nothing day after day after day is one reason I diversified elsewhere. It might have to go back on my watch list after today's news.
For a ten-fold increase, ARSN might have to uplist to a Big Boy Exchange, is my best guess. They might also need a Big Boy CEO.
Hopefully, the first bit of advice this advisory board will give management is: "Replace the CEO." It won't be the first time an unwitting CEO brought people on board who ended up giving them the boot. Just ask Steve Jobs, RIP.
And the reason this news couldn't have been tweeted out on Monday is...?
THIS is the big news after months of silence? Really? What the hell do these guys do all day long week after week, month after month? How much time and energy does it take to recruit three old guys looking for something to do in retirement?
Can you say ... Pacific Development Company?
https://seekingalpha.com/news/3531869-slowing-u-s-oil-growth-to-spark-shale-buyouts-schlumbergers-papa-says
Four times the normal volume - seems someone(s) think there may be value here laying up the road. Hopefully, it's the AAPL lawyers loading up!
Forecasting the news, instead of just straight out delivering the news, feels like manipulation to me and should be illegal. Is it a buy signal to cronies? A sell signal to cronies? Whatever it is, it's not kosher.
Anytime I hear a CEO whine about short-sellers, a red flag goes up. It tells me he's lost his focus, taken his eye off the ball. There's an age-old, time-tested, tried and true method for sending shortsellers packing: deliver outstanding results. Duh.
I've got an idea: instead of wasting all this time and money on instructions to the jury, how about we just settle this thing right now?
I see it the way you see it.
I'm curious though, how you make sense of Broadrick's buying?
There are 56MM newly minted debt-for-equity shares that have to be sold to retail. Any small spikes will be expressly for those to be dumped on you. Good luck gaining any traction for awhile.
Today's action sure helps Mr. Debt-for-Equity unload some of his 56MM shares for a hefty profit. He's probably playing with the House's money at this point.
I can see how companies get forgotten and fall under everyone's radar. Borrrr - ing. And then one day, BAM! Gap and run wild with that super low float to $10!
The next earnings report should be instructive. By then all the dilution should be absorbed and hopefully we move up to a higher base level.
How long will it take to move the recent 50MM shares exchanged for the debt through the penny mill? As many shares as that lender can unload at .006 and above is big profit for them.
That pretty much mirrors my view. I'm pretty convinced Chan didn't acquire all those shares without a plan in mind. A Chan with a plan
will raise the share price in Jan!
So, any benefit from the lawsuit will simply be icing on the cake?
What's your gut tell you about how this is all going to wash out?
So, if you're Dale, and you own that percentage, why do you choose to go along with that kind of dilution?
I'm not an attorney either. I don't understand why we would get the limine motion before the judge issues his written opinion? If I was to guess, it would be that APPL doesn't expect him to champion their cause. Or it's a delay tactic. Or it's a pre-emptive attempt to mitigate damages. Or ... ?
Either Dale's a genius, he knows something, or he's insane. He's underwater on every share he owns beginning with those he bought at .14 cents. This is going to be very interesting to follow. In the future I'm going to either load up big time on anything Dale buys, or I'm going to short the craziness out of it!
The smart time to do it would be after the announcement of great news.
If the lender who exchanged his debt for 56MM shares could dump them on the market at today's price, he would double his money!
Today's meeting should be over by now. I wonder what was decided. Doesn't look like much based upon volume and share price.
So, basically, Jimmy Nyugen used the wrong number of shares to calculate his holdings percentage in his SEC filing?
I calculate roughly 130MM outstanding shares for this ticker. Math isn't my strong suit, but doesn't that make the current MC about $400K?
All the flippers and day-trippers have moved on. They remind me a lot of a plague of locusts.
My sense of the current agenda items is that it's designed much more to enrich management than shareholders. And that the November items were much less so. The key for me though, if I was one of those two majority holders is: what is the REAL promise of the research trials?
That would be the critical piece in my decision-making.
Don't Eagle and Broadrick, with their 52% holdings, have the power to put a pause on things?
A different dilution and R/S was voted on in November, right?
Back then, Yacov and Dale didn't own 52% of the shares. Why would they vote for the current proposal being voted on tomorrow that MASSIVELY dilutes them?
Whatever happens will be instructive for sure!
I'm guessing we're going to see No. 5 on that meeting agenda play out, since Dale and Yacov own 52% of the current shares.
You got me. It's the only stock he's filed an SEC report on. SOMETHING made him load up on the ticker. As a successful businessman I have to assume he knows what he's doing. But, who really knows?
Dale Broadrick is a successful Nashville truck trailer dealer. Get the connection?
https://www.trailer-bodybuilders.com/archive/article/21725287/fleetco-trailer-builds-nationally-recognized-organization