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And I've been reading that for the last 24 months as well.
Can you offer your thoughts on why you are so certain this will occur before October?
They have enough money in the coffers to go much longer than that, even IF their profits dwindle.
Why would the BOD's vote to file bankruptcy when there are still sufficient funds to collect a paycheck from?
I'm not arguing, I would just like to understand why you believe this.
I asked you guys a serious question as well.
How much do you think they netted with the last rs?
But you didn't offer your thoughts on any of the questions I asked you in regard to the shipment.
I am trying to engage you in honest fashion to discuss the merits of the company. No hostility. Possibly you can show me things that would help an investor be more likely to buy shares.
Isn't that why we are here?
So how much (seriously) do you figure this r/s netted them?
They are close to where they were before the split. Yeah, they could throw out some huge BS PR to pump it for a week or so but they were doing that before too. I'm curious after all the fees and such, how much they pocketed doing the RS and keeping it above where they were before they did it.
Each time it gets less and less but as long as it works they will keep on doing it. The saddest part (to me) is this is happening with thousands of companies like this and though blatantly in violation of regulations, maybe 1 in a 100 are ever investigated or pursued by the Government.
The crooks figure it is worth the odds that despite the fact that they publicly violate law, the government doesn't care enough about it to pursue it.
I'll take that too Chey!
Patience wins the race. They can speculate all they want but I don't think JCP is going down. I think that they are on the path to success and seem to be making the right moves but it's gonna take a little while.
Just my opinion.
Maybe so, I was just throwing out thoughts in regard to conventional business loans.
DJ, I'm not certain that they could.
Bankers only look at numbers, including income, and they are held to guidelines that they are not allowed to deviate from.
It may be that equity financing is the only available option.
Yes, a container arrived, according to your link.
Was it received and paid for by DKGR?
Where are the contents of the container?
Which customer is it intended for? Has it been distributed?
Which of the multitudes of PO's that Kabir talked about is it attributed to?
So did they arrive?
It says "arriving within two weeks" and it is now 3 weeks later.
Wait a minute, now I'm REALLY CONFUSED!
Yesterday, you posted this:
"I understand investing when the company was well into phase III - still a gamble, but the risk/return was good - but any time before that... I'd be looking at your investment strategy.".
But this morning you post about your longevity here and the knowledge that it has brought to you.
Which one is it?
Selling at $1B would not negate your ability to derive further gain as a Shareholder, it would just put a new Captain at the helm of the same ship you bought into.
Because they sold at any amount doesn't mean (IMO) that you have to take that price as your "Final Answer" to your investment.
The 3rd option not mentioned is that they are acting in the best interests of the BOD's and not in the best interests of the Shareholders OR the Company.
That is a perception by many (IMO).
Please don't. I'm not bilingual.
I hope so too Bio.
"I understand investing when the company was well into phase III - still a gamble, but the risk/return was good - but any time before that... I'd be looking at your investment strategy.".
Hindsight is always 20/20, huh?
No blame here (other than blaming myself), just explaining why I am still skeptical after the recent "double". You said you were "scratching your head" wondering why people would be, so I explained why I think it is occurring.
That's all.
Endo, thanks, and I wish the same to you and all here.
If I didn't think there was a chance, I wouldn't still be here.
I'm too far into a hundred dollar buy-in to walk away from the table with 32 bucks and think that was the right decision. If I had done that in December I would have walked away with $15.
"The stock doubles and people are talking lawsuits and want to ouster of management. I scratch my head.".
"Double" is a relative term.
Doubled in the last few months .28 to about .70?
Yes.
Doubled to people who have been here for years and have a basis over $5 a share (or even $2 (guilty here))?
Far from a double.
That's why people like me hope to succeed but still express criticism and skepticism.
Corp, they may not be able to get a loan or line of credit of any significance without personal indemnification (personal co-signer) of the Officers, which (IMO) anyone who didn't control 51% or more would be crazy to do.
In regard to the possibility that PPHM and Ronin coordinated sells and buys by both parties, behind the scenes, I don't think it's possible (not here, anyway).
I don't have firm ground on this, but a strong gut feeling that that would violate some type of SEC regulation and quite possibly other Federal Laws.
As any type of buyer on the open market, I would view that as stock price manipulation.
Not if I was the one selling them!
CP, I saw your post and understand better now. I misunderstood your original statement.
Fortunately that debacle has passed and hopefully won't affect PPHM's future more than it has to date.
I won't beat that up any more, I already did that more than I should have.
"PPHM itself filed for fraud and constructed fraud. The fact that they were not allowed to defend that because of the summary judgement doesn't make it go away. "
The fact that they filed for it does not make it true.
I could go down to the Courthouse this morning and file a lien on my next door neighbors house, claiming an unpaid debt, and it would be filed.
That would not make the debt "fact", it makes it an allegation.
Claiming it's true cause PPHM said it does not compute.
If it was a summary judgement decided by the judge, then the judge concluded the allegations were without merit. If it was made as part of a settlement, keep reading.
The statement that they "were not allowed to defend it" is (IMO) totally false. The court system allows defense, and then a decision is rendered. If they CHOSE to accept a settlement that waives their right to pursue that angle, they were hardly "disallowed".
And the topping on the cake? The final decision to pursue it or accept settlement rested entirely with the BOD's.
I wonder sometimes (not saying it is a fact) that maybe they have become so clouded that they think that regardless of what happens, they can just go back to the well to prop themselves up again. Despite all the grandiose talk about reducing expenses, no mention (that I recall) has been made of reducing executive salaries, bonus's or perks. If they were truly serious, I would have expected to see that as a token offering by the Directors.
Maybe I'm just short-sided, but it seems to me that announcing reductions (and actually following through) would boost investor confidence and the PPS, quite possibly to the point that they would gain more with the increased value of the shares they own than what they lost in voluntary forfeitures.
"Hmmmm...Art likely picked up the phone long ago"
Do you have anything to substantiate that hope?
If you are going to post the outstanding common shares then you should also include the 43M outstanding Preferred shares as well.
It paints a much more accurate picture (IMO).
How do you do that?
Give them a penny and tell them to keep the change?
Yes, it is "there" but the asset is offset, effectively zeroing it out until it was earned.
Try looking on page 9 of the link that Launch posted, about 2/3's down, extreme left, under "STOCKHOLDERS EQUITY".
It is clear as day.
Preferred shares are convertible and marketable, and a single preferred share (in this case) carries much more value than a single share of common does.
So yes, "preferred shares are NOT common shares" is correct.
They carry more value, and there are almost 3 of them OUTSTANDING for every share of common stock outstanding.
Thanks for clarifying.
Corp, assets on a balance sheet that are not yet "earned" generally carry an offsetting liability entry such as "deferred Revenue" or something similar until they are indeed "earned".
I would be surprised to see any reputable CPA certify as "audited" financial statements that implied unearned profit is an asset by itself.
Maybe someone here more versed in Accounting can expand on that.
"DKGR Preferred Shares Outstanding: 37,479,850 at 9/30/16".
Straight from the link you posted.
Thank you as well for clarifying that!
So that confirms that the 30M+ "issued and outstanding" Preferred shares that are specifically stated in the Financials are indeed "outstanding".
Thank you for clarifying that as a fact and bringing it to the Boards attention.
Thanks Wook. I knew I didn't dream that!
SB, someone (not me) posted here in the last week or so that IR had communicated that to them in an E-Mail recently.
I hope that is true as well but it is concerning that (if I remember correctly), Stephanie Diaz recently communicated to more than one person here that they were withholding nothing significant.
Wook, I seriously considered selling 1/3 to 1/2 yesterday to repurchase if a drop occurred but I just couldn't pull the trigger.
You quoted me, not him.
I agree 100%.
"About the safe harbour, it MUST say such things because it cannot create false fear or hopes."
I disagree. I think it says that because it is a possibility and provides a legal defense that as a Director, is required.
If it was not a possibility, regardless of how remote you may say it is, it would not be stated.