Unruffled.
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John/Balls... Nice try. Next time post the whole entry:
"In connection with the closing of the transactions contemplated by the securities purchase agreement entered into with the First Investor, the Company entered into Amendment No. 1 dated January 26, 2019 to the promissory note (the “Monaco Note”) issued in favor of the Donald P. Monaco Insurance Trust in the amount of $530,000, with an annual interest rate of 12%, whereby (i) the maturity date of the Monaco Note was amended from January 26, 2019 to January 26, 2020 and (ii) the Company agreed to use its best efforts to prepay the unpaid principal amount of the Monaco Note together with all accrued but unpaid interest thereon on or prior to March 31, 2019; provided, however, that the failure by the Company to prepay such amount by March 31, 2019 would not result in an event of default pursuant to the terms of the Monaco Note.
Subsequently, the Company entered into Amendment No. 2 dated February 8, 2019 to the Monaco Note, whereby the maturity date of the Monaco Note was amended to November 8, 2019.
At July 31, 2019, the Company was in compliance with the terms of the Monaco Note.
Erm, the R/S expired today.
Won't be re-authorized without "massive business strength" or huge merger news, imo.
If company had $550K to buy french fry op in Sept, and a manufacturing facility in December, they will be able cover Monaco note.
All a matter of perspective, Crozz. Worth reading Plutarch's Lives to see the original Crassus had his head severed and used as a prop during an Armenian wedding feast.
The revelers also dressed up a lookalike prisoner in women's clothing, calling him "Crassus" and "Imperator", and putting him through a mock "triumphal procession" as a final humiliation to his memory.
So it's only a paint job if it ends green?
Who's doing the hiding here? This is from the same PR you endlessly cut and paste: "We had net income from continuing operations of $468,932 for the nine months ended July 31, 2019, compared to a net loss of $1,835,840 for the nine months ended July 31, 2018, an increase of $2,304,772."
Sustained triple digit revenue growth is clearly outpacing the cost of revenue.
As for the "past due" notes you mentioned.
One is due July 1, 2020
The other September 17, 2020.
Verus fiscal 2018 had sales of $5.8 million, a 101% increase over $2.9 million in 2017.
2019 is set to be $13.5M... Another +100% increase.
2020 is set to be $58M minimum.
That's a +300% increase.
The Verus story is only just getting started.
Sugar coating works just great on gummies, sour gum balls, caramel baseballs...
Especially when you own your own facility.
Verus just hired auditing firm to prepare for uplist.
Sweat the fins or bet the future.
Company paid off its last note a month early. Revenue growth outpacing all financing.
New manufacturing facility starts shipping its MLB product next month.
30 teams. Coast to coast.
Don't laugh your ass off too much. Tales of the Sissy say it's your best feature!
Pro, couldn't happen to a nicer bunch. Monaker's antics in the lawsuit filing from 2017 is quite something.
WHEREAS, RealBiz filed a lawsuit against Monaker for alleged monies owed on inter-company balances in the United States District Court Southern District of Florida, Case No. 0:16-cv-61017-FAM and Monaker filed an answer, affirmative defenses and a counterclaim (“Federal Lawsuit One”);
WHEREAS, RealBiz instructed AST, RealBiz’s stock transfer agent, to freeze Monaker’s account to prevent any future conversions of the Preferred Stock;
WHEREAS, RealBiz notified Monaker that the RealBiz board of directors voted to unilaterally terminate and cancel the Preferred Stock and Common Stock due to the issuance of shares in excess of the number of shares authorized by the Certificate of Amendment to the Certificate of Designations, Number, Voting Powers, Preferences and Rights of Series A Convertible Preferred Stock of RealBiz Media Group, Inc. filed on October 14, 2014 with the State of Delaware, Secretary of State (“Certificate”);
And my favorite part of the filing...
"WHEREAS, Monaker, in response, advised RealBiz that the Certificate contained a scrivener’s error concerning the conversion ratio... "
A scrivener's error as in my pen slipped!!
What a bunch of crims.
Monaker are like William Macey's character in Fargo smudging the ink on the figures to make them unreadable before he faxes it over.
Monaker sales of Verus shares:
July 2019
Sold 4,744,053 shares for $117,539
August 2019
Sold 15,054,725 shares for $294,081.
"As of August 31, 2019, the Company held 127,188,748 shares."
“Between September 2019 and October 2019”
Sold 21,314,576 shares for $533,233.
Therefore by that last Q signing date of Oct 11, Monaker were down to 105.8 million shares
Three months of selling 20M shares a month would put them down to about 45 million shares.
But they could well have had to sell more as the PPS went lower.
All we know at the moment is that Monaker have been hemorrhaging cash on an astronomical scale.
Expenses increased to $2.5M for the three months ended August 31, while total revenues were just $269K (sic) for the six months ended August 31, 2019.
(If J***/Balls wants to wail on company financials, he should look at the Monaker filings. Oof.)
“To date, we have funded our operations with the proceeds from equity, debt financings, and sale of Verus’ shares held by the Company.”
Certainly, the desperate $200K and $300K two-month notes Monaker started issuing to themselves in December suggested they were running out of Verus shares to keep the lights on.
All will be revealed in the next Q, which is due to drop Tuesday, but could well be filed late.
Bit more than "a hint" at this point.
I can easily see a stock split as part of a C Corp conversion.
IR said update coming Jan 14.
Well, if anyone knows a nice basket, it's got to be Yummy of the Month.
What a vivid imagination.
You sure you know how to read MA envelopes? Return to sender. LOL.
https://investorshub.advfn.com/uimage/uploads/2020/1/9/ngquaScreen_Shot_2020-01-09_at_4.14.33_PM.png
ConsulCrassus Thursday, 01/09/20 06:01:01 PM
Re: Backstabbed post# 132198 0
Post #
132206
of 132215
Calm before the downturn. MA envelopes signal it. Prepare for the red.
I'm holding on for even bigger profits. Company has laid out a clear pathway to growth.
More than happy to compare my Verus returns this time next year.
Happy to compare them three months from now for that matter.
No gain if no buy.
+800% is my kind of pain.
"We are entering 2020 at full speed, with the kind of momentum that is going to turn some heads in the coming year."
BLF just confirmed the new MLB products will be "ready and filling the distribution pipeline in February" and "most retail locations will put it on shelves just prior to MLB Opening Day (March 26th)".
That's all 30 teams rolling out over the year.
Pretty amazing given the MLB deal was only announced last April.
BLF on a tear. More new product design posted on twitter -- https://twitter.com/BigLeagueFoods/status/1215314912332914688
MACD trying to cross over, hence the ask-hole walls. Can't hold this down forever though.
Current r/s deadline runs out with Friday close. Only way another one is getting authorized imo is on the back of "massive business strength" and game-changing news. R/S on momentum will be perfect reset for the long haul.
$945 is completely feasible if next earnings report has another jump and and a united front C Corp plan is unveiled. Plus April or July Q figures will start to show the exponential impact of those 400 DUCs getting completed.
Less selling in the month before dividends are paid out too.
Longer term, I will not be surprised if the Credit Suisse advisers get maneuvered into management positions while the good old boys are eased out.
I use the Reset nano CBD all the time now. My wife even orders her own supply. There’s no THC high, just a general sense of well being and relaxing any muscle aches. Great for helping me work out but also for going to sleep as it’s much faster acting than regular CBD. Natural, healthy, no hangover.
Genuinely great product imo.
That and TPL’s recent investor relations hire Chris Steddum was a director at Stifel for three years before he joined TPL.
New all-time high coming in 2020.
If anyone doubts the imminent arrival of an Apple watch smart sensor that reads you biodata -- and enables you to track which supplements (i.e. nano) actually work... https://www.convenience.org/Media/Daily/2020/Jan/3/3-Amazon-Files-Vein-Scan-Technology-Patent_Tech?utm_source=Twitter.com&utm_medium=Social&utm_term=&utm_content=&utm_campaign=
Transdermal laser tech moving fast.
Here's pic of the new player shaped gummies -- https://investorshub.advfn.com/uimage/uploads/2020/1/7/rrkcbScreen_Shot_2020-01-07_at_12.19.17_PM.png
The number of share holders went up from 400 to 2966, so that's 2500 more buyers right there.
This daily action is a teeny percentage of the OS and float, and standard issue in the OTC.
Name me one company in the OTC that holds its gains.
One.
Watch for the massive revenue growth. From $3.5M a quarter to $25M in a year.
Based on what evidence to rule it out? Garnock now owns two Labs in Texas, both focusing on developing nutraceuticals. One company has proprietary nano process, the other has global distribution...
What facts can you offer to say he definitely will keep them apart?
Polvo, the increase of the AS to 7.5B was in part a legal requirement cover any notes even though company had the growing revenue to repay them; also to accommodate Garnock’s 500M share Feb. investment and warrant for 500M more.
That said, the AS is so inordinately large it could also be by design to facilitate a huge merger with a deeply funded private equity start-up executed with a simultaneous reverse split to then uplist on massive business strength...
Thoughts?
Pole, maybe you can clarify something too. Four days ago you posted, "Something is very wrong here. Feel like IR is lying to us. I am out."
Are you in fact out?
Or was it you, and not Mark, who was being economical with the actualité?
The last Monaker Q in Oct was for fins to the end of Aug, but the figures for Verus shares sold were updated to mid-October when the Q was actually signed and filed.
2,966 shareholders of record, hopefully down to 2,965 when Monaker Q drops next Tuesday.
Haha BBDog, just doing my best Robert Caro impression.
"Robert Caro spent literally several years at the Lyndon Johnson Library, in Austin, Tex., painstakingly going through the red buckram boxes that contain Johnson’s papers, and he has been the first researcher to open some of the most revealing files there. “Over and over again, I’ve found crucial things that nobody knew about,” he said. “There’s always original stuff if you look hard enough.”
He added that he tried to keep in mind something that his managing editor at Newsday, Alan Hathway, a crusty old newspaperman once told him, after pointing out that Caro was the only Ivy Leaguer who ever amounted to anything: “Turn every goddamn page.”
Pro, that post is aging very well. I remember the moment when Mark revealed it was Garnock who first reached out to Verus, back in 2017 around the same time he started Disruption Labs...
I kept asking myself why is this Wall St whale, who made $68M in Cronos, interested in a fledgling company shipping relabeled mayo to the Middle East..
The nano penny finally dropped when I saw the Matt Reid video and he said Apple already have tech for biometric smart sensors and everybody's going to be using them in three years.
Anytime, mijn nederlandse vriend. Sharing DD on this ticker has been an increasing joy as more and more of the master plan gets revealed. If all the pieces fall into place as I suspect that next 3-5 years will quite something.
It's really interesting to look at how Cronos grew and how it overlaps with Verus.
Andrew Garnock was seed investor in PharmaCan after Michael Gorenstein, his young General Counsel at Alphabet Ventures/Management in NY, realized pot and CBD had a huge future.
It was too uncertain in the US (legal at state level but not federal), so he went north to Canada.
He found PharmaCan in Toronto, a pot investment company which had grown out of a reverse merger and reverse split (oh yes).
Garnock and his partners pooled together $2 million for a private investment in the company in 2015 and Gorenstein joined the board.
They clearly had a much bigger ambitious vision than the existing management, so Gorenstein took over as CEO in May 2016 and renamed it Cronos Group after the Greek god of agriculture. The name was designed to expand its commercial appeal. (Not unlike calling a company Verus International...)
Cronos grew with M&As but also built its own manufacturing facilities to form a vertically integrated umbrella and global footprint. (Any of this game plan sounding familiar...?)
It's the speed of the growth that amazes me. Within three years of Gorenstein taking over, Cronos was up to an annual run rate of $400 million.
Cronos uplisted to Nasdaq in Feb 2018 after "six months being audited and reviewed by independent committees before filing an application."
Garnock then doubled his share position to 7%, and in December 2018 Altria came in for 45% with a whopping $1.8 billion.
If you think of nano as the new CBD, you get a sense of the scale of what's being put together here.
Reset into Houston...???
Disruption Labs registered as foreign corp in Texas in July and lists the Austin facility as its mailing address.
Reset Bioscience Labs registered in Sept, but is using Houston as its mailing address as you can see here --
https://investorshub.advfn.com/uimage/uploads/2020/1/5/qoqgsReset_Houston_.png
It's only the tax registration agent's address, so maybe significant, maybe not. But does make me wonder if a merger is all done behind the curtain and it's Disruption/Reset who are funding the new Success Labs building in Houston. Verus PR specifically said "owning our own manufacturing facility" and "We acquired the manufacturing facility to accelerate new product development..."
Job ad for Executive Assistant for Reset's President and CEO says Austin and "Multiple Locations."
No sign yet of Success Labs LLC on Texas database either. My hunch is that's just a placeholder name.
We shall see. Exciting times ahead.
Prove it.
Anyone else notice Monaker borrowed another $300,000 at 8% for two months just before new year from its self-dealing in-house revolving note? This is in addition to the $200,000 borrowed at 12% for two months on Dec 9, not to mention $175,000 in notes in October.
Such desperate short-term borrowing surely signals Monaker’s pile of Verus shares is all used up or close to it.
Only 7 trading days left till the Monaker 10Q reveals all.
Feels like Tuesday, January 14 could be a nice 'good riddance' party.
https://www.sec.gov/Archives/edgar/data/1372183/000158069519000496/mkgi-8k_122719.htm