Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm in the boat with you brother
So every share sold has been dilution? No one with shares has sold since the RS? Or since the last share update in early May?
Book value, and rather immaterial compared to market cap and future value of the share
I posted my thoughts yesterday, all balance sheet related, impacting to book value, benign otherwise
How would it impact the look of the 10K?
And the opportunity will last until well into next week
Who is they and how am I fooled?
Upset how? I’m laughing my a$$ off reading your posts, keep them coming
From the guy with crazy in his handle, that’s some funny $hit right there now
It would positively impact book value, but don’t think it moves the needle in market cap and share value/price
First for the record, I wasn't arguing, just providing facts, thought it might be helpful? If I was disrespectful in any ways, my sincere apologies.
From the filing:
The SEC Edgar Calendar shows April 1 as due date for 10K's for those companies with fiscal year ending December 31, with 15 days after that being April 16th for late filers, so if due date was 1st of May it makes sense?
SEC Edgar Calendar
UPDATE: If you change the dates to FILING DEADLINES FOR THE FYE 1-31-2019, it shows the 16th with this note:
*All above must be filed prior to 5:30pm EST to meet the SEC filing deadline requirements.
Oh yeah, SEDO is killing it (your investment that is), $10k in revenue, 2.5M shares dilution since March 31, no indication of # of units delivered in the Q, wonder what the guy who called me a dummy and said SEDO would deliver 10's of thousands of units this year got to? I heard he is chasing some block chain pump and dump or something like that.
It has been over 6 months now since the pumpers around here said the competition was crap and SEDO was the next coming of cannabis Jesus, looks like old Joe Smokes was right when he said building, delivering, operating and servicing a product like this is incredibly complex and costly, and that they will be lucky to deliver all pre orders in 2019.
My spidey senses tell me that the Armes guy is the "brain" behind the reverse merger, institutional investor etc as relates to the company share and Davenport is just a solid hard working operator that got in bed with a less than transparent partner.
I trust and believe in the operations, unless we see significant turnaround from Armes, going to need new leadership and board of directors to take this thing NASDAQ way.
Thank you, yes it could be, or 100 other reasons including they are 3 months late on a major institutional investor update, etc, lots of concern for the communication here, not the revenue.
The best indication of the value for any transaction is the value of the underlying items exchanged. The price of the company stock exchanged is considered a very good indication for the buyer, all the rest has nothing to do with Medtainer, things like R&D costs, prototypes etc are all values born previously by the seller and embedded in their asking price.
I stand by my position that the issue is the volatility in value of the stock exchanged, but I could be wrong?
Ok, so no speaking sense with you, got it
Do you deny it is a possibility and that some people might be making investment decisions based on that?
I’m not saying I think this, just that others may and could be what is behind their but/sell decisions today.
At the end of the day, there are lots of unknowns here, the only big known is $9+M in Revs, could come with $2M in losses for all we know, and the dilution issue is real even if they are not diluting right now, the 500k add since split has some selling for any profit before the bell
They disagreed with the value attributed to the purchase of the IP, which was paid for with stock, so my gut says they are arguing that the value of the transaction is more likely closer to the price of the stock now, or maybe Dec 31, than it is to the value mid 2018 when the transaction took place
Correct, I think it’s possible to file prior to open tomorrow and still be considered within guidelines, anything after that is late on the extension, google SEC reporting calendar
Overvalue how, point me to the financial statements you are concerned about or referring to?
Actually what I would like to see is proof of intelligent life on this board or in the sea, neither of which you are helping with my good shaark.
If you choose to base your investment decisions on post #25225's statements of "opinion", have at it.
And those bells you here? That is the call for dinner, shaarkie with mango chutney.
You should really learn the difference between an opinion and a fact, lets see what the actual report has to say about it
I can say this, I have more nickles for rubbing than you have firing neurons in your little shaark brain, lets keep in touch over the next 30 days and see how things shake out
My followers are the $'s in my account and no one or nothing else, the only oops around here is that we entertain anything you and your moderator girlfriend have to say.
He is kinda correct, the whole breakout on twitter in fact was lead by only one poster, any guesses who?
This is an amazing company and is going to make those who own shares a lot of money, for most if not all, more than they have ever made on a single stock in % terms, maybe in $ terms too.
But the nonstop pumping all day is a bit over the top. Very hard to follow this guy and he is the largest poster right now, not sure it is helping the stock or anyone here trying to learn more.
Monday 12:33PM
You kinda just gave it to him didn't you?
Like I said, show me the pump guys, instead of putting links, pull the "PUMP" quotes. You can't, because there is none, only statements about where I think the company is going "as a company", nothing about stock price to the moon, better buy quick, bla bla bla.
Maybe, if you had one ounce of honesty in you, you could also go back and pull all the quotes since the K debacle that I've posted as well, let the people decide who is being an honest broker of information here and who is not?
Who are you anyway, and why do you always show up to defend a shark, are you his big brother or something? Anyway, speak truth and fact or take your trash elsewhere.
Watch yourself Shaarkie, don't be spreading lies about me, I've never "pumped" anything
Any feedback on how valuation is coming along, are they delivering today as indicated in presser last week? If so, will we get the K and Auditor opinion before the Q is due on Wed/Thur?
844 226 5649
No impact to P&L, reduction in equity, reduction in asset value, all balance sheet.
My point is that they did the transaction in mid 2018 and they should have known well enough to get a third party valuation back then, they should have known their auditor (by picking up the phone, explaining the transaction and asking them what they would need to sign off on the entry) would require that given it makes up 80% of the balance sheet.
This is controllership 101, no excuse for a public company to drop the ball like this and impact their shareholders this way, heads need to roll!!
When we hear about a change in players, then we will know they have the message, not until, in my humble opinion
Operationally, the company is executing very well as we will see in the K and the Q.
The lack of expertise in the Finance and Accounting chairs needs to be addressed for this to do much more than pop, drop and roll every 3 months going forward. This delay due to the valuation of a transaction that equates to 80% plus of your assets on the balance sheet and that took place 9 months ago is not acceptable, and anyone here on this board holding shares, needs to phone up Jack Rein and let him know it!
Financials Next Week? First full report for just SEDO? Are you as excited as I am?
Regarding Dilution - There is an interesting section in the Pre 14C filed in January regarding "Security Ownership of Certain Beneficial Owners and Management" related to the convertibility of Series B and C Preferred shares, with most held by Chris Davenport not Tim Armes.
The conversion of the Series C is the one I'm struggling to get my head around
I think today starts the march higher in the near term, looking for $2 by Memorial Day
Wait until Monday when we can get some 50's