Home > Boards > US Listed > Biotechs > Conversion Labs Inc. (CVLB)

CVLB's management has covered all the basic things

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
jefra1965 Member Profile
 
Followed By 15
Posts 2,555
Boards Moderated 0
Alias Born 10/26/17
160x600 placeholder
Securities Registration Statement (simplified Form) (s-3) Edgar (US Regulatory) - 7/23/2021 5:01:45 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 7/22/2021 5:19:30 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 7/15/2021 4:32:50 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/29/2021 5:23:15 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/21/2021 9:00:45 AM
Securities Registration Statement (simplified Form) (s-3/a) Edgar (US Regulatory) - 6/17/2021 4:56:01 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/16/2021 4:50:45 PM
Securities Registration Statement (simplified Form) (s-3) Edgar (US Regulatory) - 6/8/2021 5:31:34 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/3/2021 7:30:48 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/1/2021 2:41:36 PM
Notice of Effectiveness (effect) Edgar (US Regulatory) - 5/25/2021 6:06:04 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/24/2021 4:01:29 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/24/2021 3:59:36 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2021 5:07:36 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/21/2021 3:11:18 PM
Securities Registration Statement (s-1/a) Edgar (US Regulatory) - 5/21/2021 6:09:43 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/19/2021 3:42:43 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/19/2021 12:48:21 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/19/2021 11:44:52 AM
Proxy Statement (definitive) (def 14a) Edgar (US Regulatory) - 5/12/2021 4:08:20 PM
Amended Statement of Changes in Beneficial Ownership (4/a) Edgar (US Regulatory) - 4/30/2021 5:50:55 PM
Amended Statement of Beneficial Ownership (3/a) Edgar (US Regulatory) - 4/29/2021 5:56:03 PM
Amended Statement of Beneficial Ownership (3/a) Edgar (US Regulatory) - 4/29/2021 2:03:51 PM
Securities Registration Statement (s-1) Edgar (US Regulatory) - 4/28/2021 5:32:11 PM
Proxy Statement - Notice of Shareholders Meeting (preliminary) (pre 14a) Edgar (US Regulatory) - 4/28/2021 5:31:39 PM
jefra1965   Saturday, 11/14/20 10:09:31 AM
Re: None
Post # of 3687 
CVLB's management has covered all the basic things to be uplisted to the NasdaqCM:

3 years sales average

Quote:
*** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three years, or (ii) net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in addition to satisfying the other financial and liquidity requirements listed above.



Capital requirements

And internal regulatory issues (Corporate Governance Requirements) And other key things needed.

https://listingcenter.nasdaq.com/assets/initialguide.pdf page 10

On Tuesday they will probably finish the rest of the housekeeping necessary during the special meeting and we will probably see the uplisting announcement within 10 trading days after that. JMHO

Just so you have an idea of the power of CVLB's business model. CVLB started with a $4MM funding at the beginning of 2016 and a little over 4 years laters this team of savy e-commerece technocrats have been able to pull a $40MM in revenues fiscal year (Estimated for 2020). If you take a look at the financials you will see that they accomplished this with almost none extra cash available. Which means that all revenue (gross margin) made was recycled into the business and that's the nature of this business model. As long as the units economics are good you can pump the cash available into "sales & marketing" to acquire and grow the subscribers base. It's a beautiful business model.

And by the speed at which the subscriber base and revenue has been growing it's safe to say that the unit economics are just great.

This is just the beginning of something really great. Once we reach the Nasdaq, bigger and better terms capital will become available and I can't really fathom how big this company can grow in the next few years with those facilities available. We already have about $20MM of cash available. The BOD seems very strong and prepared for what's coming. I honestly believe in the approach they have taken in the recent PRs of pursuing the science behind the products that the company will offer in the future, by securing licenses for great IPs to support these new products. But this is only my opinion, perform your own DD always.

GLTA in the next couple of weeks and years to come. It would be foolish NOT to stay and see what this crew can do with the upcoming cash available.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences