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Dennis is a terrible CEO in my opinion. But, I do believe in the tech and have not sold a share.
FD
So, I went to the IR page and sent this. I wonder if I will get a timely reply.
I saw a tweet from Mr. O'leary. Stating: "Just received a signed contract for Methane detection. Work will begin shortly $DPLS
— Dennis M O'Leary (@DennisMOLeary) June 2, 2023"
What are the details regarding this contract, such as Company name, location(s) of methane detection, length of contract, dollar amount of contract. Thank you!
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I went to twitter to ask Dennis for information regarding this contract. Location, company, $ details, timeframe. I just found out he blocked me because I guess I ask too detailed of questions. Lovely CEO.
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I hope your right. I haven't been following in many months and decided to read a bit today. I see on Stocktwits people are talking about shares being bought back. Now I see your positive post. Hopefully we are going to head in the right direction soon.
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If all your looking at is stock price*quantity, sure, the quantity doesn't matter after conversion. However, I am looking at the future and hoping for dividends which is share count based (based on my other companies which pay dividends). So the more shares I have, the more of a dividend payout I get. I am in a stock now that pays 10 cents per share per quarter, no matter what the share price is.
1M Shares @ 1 cent = $10k
10 cent dividend per share per quarter
.1*1M*4=$400k, per year in dividends, without selling any of my shares
100K shares @ 10 cents = $10k
10 cent dividend per share per quarter
.1*100k*4=$40k, per year in dividends, without selling any of my shares
1K shares @ $10 = $10k
10 cent dividend per share per quarter
.1*1k*4=$400, per year in dividends, without selling any of my shares
Yes, number of shares makes a HUGE difference.
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I am thinking we will find out the conversion rate when we get the proxy vote document. Dennis won't want to give us a heads up and piss us off.
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I care. I care about the number of shares I have. I see value in the number of shares owned as well as the value per share.
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IIoT today. Lots of talk of digital twins. I really don't see the big thing with the 'metaverse' but I can definitely see the usefulness of being able to see a digital representation of bridges or anything else as far as structure health.
Dennis just said the Honcut bridge is about 95% complete. Visual inspection in a couple weeks. I really wish he was a better speaker but some people just don't have it, I know I don't. There are over 2000 attendees online so its getting good exposure.
Come on Dennis, hit the home runs!
FD
"Under the terms of the LOI, the Company and Target would become a combined entity, with the Target’s existing equity holders rolling over 100% of their equity into the combined public company."
To me, that sounds like a merger, perhaps reverse merger (without looking up the definition). Wonder what would happen to the share structure. Is this good? I don't know. Bad? I don't know.
It is interesting that they don't mention DPLS at all. Maybe that is normal?
That would roll us up to the NASDAQ.
Interesting.
FD
Dennis M O'Leary
@DennisMOLeary
Today you’ll notice 33,898,377 outstanding shares cancelled. A step in the right direction $DPLS
Today you’ll notice 33,898,377 outstanding shares cancelled. A step in the right direction $DPLS
— Dennis O'Leary (@DennisMOLeary) September 6, 2022
Your welcome and you too. I am also realistic and do not know Dennis, never met him. Do I trust him? Well....I am not sure yet but he hasn't given me reason to think he is lying. We will find out in time. I certainly hope he keeps his word.
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Dennis has said many many times, there will be no reverse split.
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Lets have 100M+ volume Green day!
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I don't know what is going on here. We had the best product but didn't seem to execute well. Then, given time, we didn't improve sales as much as needed. Now, ambulance chasers or is there something more going on? Extremely frustrating. I still say we have the best product but a CEO that isn't running this like a publicly owned company. I'm curious what is going to come of all these lawsuits. I am not contacting the law firms though.
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No dip and rip today? Skipping the dip? I'm ok with that :)
It will be nice to see some 100M+ volume days again.
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We should find out on/by/around the 31st of August.
https://www.prnewswire.com/news-releases/darkpulse-inc-announces-special-dividend-of-optilan-stock-and-ceo-employment-agreement-301573809.html
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That would be awesome! Thanks subs!
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Unfortunately, I believe you are correct. This company had so much potential nearly 2 years ago and failed repeatedly to capture the market.
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I just noticed a PR alert for CODX and see a lawsuit. Not sure what the lawsuit is for but now I see your post. Wow. Guess I better do some reading starting with the last 10Q. I have totally left this stock on the back burner since I am so far down.
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I sure don't like the 2 downgrades I saw recently.
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Yes, your right. I think the price is going down because of lack of interest (or at least thats what I will call it) right now. There hasn't been any significant news in far too long, and the lack of contracts with dollar amounts and timelines is causing people to lose interest. I really hope the 'team' is working hard, working together, and contracts are being signed and we are the last to know. I do hope we find out soon though because this is a death spiral right now.
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I was hoping it would go further down in the 10s. I missed this flip op. Oh well.
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Might be a good dip to buy! I'm watching!!!
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True, but I believe I read somewhere that the companies plan is to be a service provider, ie, the subscription to the live view of the infrastructure being monitored. That is where the majority of the profit will come from. The lower cost of the hardware is to get the foot in the door. Of course, this is all what I am hoping! Sure, it would be nice if we weren't losing money on the hardware too and maybe that time will come when we actually have a reputation better than the one we have now.
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True, but I believe I read somewhere that the companies plan is to be a service provider, ie, the subscription to the live view of the infrastructure being monitored. That is where the majority of the profit will come from. The lower cost of the hardware is to get the foot in the door. Of course, this is all what I am hoping! Sure, it would be nice if we weren't losing money on the hardware too and maybe that time will come when we actually have a reputation better than the one we have now.
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I'm still around. I'm just flipping small numbers of shares here. Currently I do not have a position.
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Your right, it could be. Hopefully revenue will be coming in strong by then and stock buybacks will be happening. That is my hope. GHS certainly is showing they have confidence in the company.
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I agree!
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I bet he won't say a word. I think those ratings are a computer algorithm based off trading activity, not what is really going on with the company. Tomorrow it could very well be a B or A again.
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Not sure we will ever get back to $13 so I can break even.
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10K filed!
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Out of bankruptcy!
https://investor.lkcoffee.com/news-releases/news-release-details/luckin-coffee-successfully-emerges-all-bankruptcy-proceedings
Luckin Coffee Successfully Emerges from All Bankruptcy Proceedings
Apr 11, 2022
Company Completes Restructuring of its Financial Indebtedness and Emerges from Chapter 15 Proceedings
Positioned for Long-Term Sustainable Growth and Profitability
BEIJING, April 11, 2022 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced the successful completion of the restructuring of its financial indebtedness and its emergence from the bankruptcy proceeding commenced with respect to the Company as debtor under chapter 15 of title 11 of the United States Code (the “Chapter 15 Case”).
“Today marks a new beginning for Luckin Coffee,” said Dr. Jinyi Guo, Chairman and Chief Executive Officer of the Company. “Luckin Coffee utilized the Chapter 15 process to effectuate the restructuring of its financial indebtedness in the United States. As we have emerged from this process successfully with the support of our creditors, we are confident that Luckin Coffee is well positioned for long term growth and creation of stakeholder value.”
Dr. Guo continued, “We are thankful to all of our stakeholders for helping us achieve this positive outcome and become a stronger company. In particular, I would like to express my sincere gratitude to our leadership and management team for their unwavering commitment, even during challenging times, and to our employees and retail partners for their hard work and dedication. We will endeavor to continuously enhance our governance and internal controls and improve our product and service offerings.”
As previously announced, a final report was filed with the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) on March 4, 2022 requesting the entry of an order to close the Chapter 15 Case. As detailed in the final report, the Company previously obtained recognition and enforcement of its Cayman Islands scheme of arrangement under chapter 15 of title 11 of the United States Code and successfully restructured its financial indebtedness pursuant to such scheme.1 No objections were filed to the motion to close the Chapter 15 Case, and the Bankruptcy Court entered an order granting this request on April 8, 2022.
The entry of the Bankruptcy Court’s order marks the formal closure of the Company’s U.S. bankruptcy proceedings. As previously announced, the winding up petition (as amended) in respect of the Company has been dismissed and the Company’s provisional liquidation proceedings were also brought to a successful close pursuant to an order of the Grand Court of the Cayman Islands dated February 25, 2022. Accordingly, the Company is no longer subject to bankruptcy or insolvency proceedings in any jurisdiction.
Additional Information
In connection with the Company’s debt restructuring, Luckin Coffee is advised by Davis Polk & Wardwell LLP as legal counsel, Harney Westwood & Riegels as Cayman Islands legal counsel and Houlihan Lokey as financial advisor.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. Luckin Coffee may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Luckin Coffee’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the expense, timing and outcome of existing or future legal and governmental proceedings, investigations in connection with Luckin Coffee; the outcome and effect of the restructuring of Luckin Coffee’s financial obligations; Luckin Coffee’s growth strategies; its future business development, results of operations and financial condition; the effect of the non-reliance identified in, and the resultant restatement of, certain of Luckin Coffee’s previously issued financial results; the effectiveness of its internal control; its ability to retain and attract its customers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with its suppliers and business partners; trends and competition in China’s coffee industry or China’s food and beverage sector in general; changes in its revenues and certain cost or expense items; the expected growth of China’s coffee industry or China’s food and beverage sector in general; PRC governmental policies and regulations relating to Luckin Coffee’s industry; the potential effects of COVID-19; and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in Luckin Coffee’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Luckin Coffee undertakes no obligation to update any forward-looking statement, except as required under applicable law.
About Luckin Coffee
Luckin Coffee (OTC:LKNCY) has pioneered a technology-driven retail network to provide coffee and other products of high quality, high convenience, and high affordability to customers. Empowered by proprietary technologies, Luckin Coffee pursues its vision to build a world-class coffee brand and become a part of everyone’s daily life. Luckin Coffee was founded in 2017 and is based in China. For more information, please visit investor.lkcoffee.com.
Investor and Media Contacts
Investor Relations:
Luckin Coffee IR
Email: ir@lkcoffee.com
Bill Zima / Fitzhugh Taylor
ICR, Inc.
Phone: 646 880 9039
Media Relations:
Luckin Coffee PR
Email: pr@lkcoffee.com
Ed Trissel / Jack Kelleher
Joele Frank, Wilkinson Brimmer Katcher
Phone: 212 355 4449
_____________________________
1 The Bankruptcy Court recognized and gave full force and effect to the Company’s scheme of arrangement in the territorial jurisdiction of the United States on December 17, 2021. The Bankruptcy Court previously recognized and gave full force and effect to the Company’s Cayman Islands provisional liquidation in the territorial jurisdiction of the United States on March 30, 2021.
Luckin Coffee Inc.
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NT-10K filed.
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Thank you. Glad I'm not the only one seeing his posts for what they are.
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Can't complain much about a 44% gain overnight! Very nice! Gotta love those plays.
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Hahaha, hows this pre market activity?!
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This board has been real quiet for a few weeks but so has the stock. I am a bit surprised Bona Vista hasn't said anything in the last few days.
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Sounds like a good entry point for someone. My money is tied up at $10 here. I think we will get back up there so I can make some money.
FD
Nice catch! Looks like it may be interesting here for a bit.
FD