Lot of posts today.
Here are a few things I have found so far, too lazy to provide all the links yet, but I am working up a "presentation" to splash on the board in case we get the 8-K this week. I've got nearly 50 pages of documentation about them so far.
Verndale has wanted to expand. In 2009 they were going to create a new office in Cincinnatti, I have a full report and analysis of the market there. They wound up going to the "Research Triangle" instead in NC. Must be because of a lot more money there. Verndale has been marketing VERY HEAVILY in LA. Maybe they have plans to expand there?
Through filings and legal doc's I have found they have 50,000 shares in their private company. I know 2 of the owners own 15K apiece, I'm not sure about the other founders. So, they can make any decision they want to make.
Verndale right now is in the middle of a vaccuum for their ability and company model. Other companies are either very small or very large. What has helped Verndale's business model is that they have targeted the 'mid-size' market. The 3 or 4 big boys in the nation take care of the Fortune 500 companies, the little guys take care of the Mom & Pop companies - Verndale has been going after the strong, healthy regional companies. Many of their clients have $50M-$100M revs, so they have deep enough pockets to pay well. Verndale is also building a phenomenal list of credentialed individuals working in the tech segment of the company. I think they have a winning strategy of targeting those companies who are big enough to need a hi-tech website & social marketing system but don't have the money to pay for an entire department to do it "in-house." This is why these guys have been succeeding so well in such a lousy economy.
Yes, it hit me a couple days ago that the current FLOAT is right near $1 per earnings. Most companies trade 6-9 times higher than earnings, but 2-3 would not be out of the realm of possibility. If they are not trying to expand too quickly (like 5 more markets immediately) they may keep the existing S/S for quite a while.
"Super 8-K's" are usually about 30+ pages, depending on the size of the company. ATT or Google may be 100+ pages, but I wouldn't expect our company to need much more than 20-30 pages tops. But, who knows.
It was a source of frustration that I could never figure out how many shares Asher has - but I think it is safe to say about 700K - I don't think they are allowed to hold more than 9.9% of the company or they would have to register a Form 3 or Form 4.
The shares for company officers/employees are usually Form 144 restricted for 1 year - so they may not be a problem entering the float during the "expected run" after the filing.
I have not had time to re-examine past SNRY filings, but it seems to me that Fann & Besuchet had already been paid their shares. These may be the payment for Mark Lev's work because the deal is over. If so, we are DEFINITELY near the "explosion date." The S-8 registration stated that the shares could go to advisors or consultants.
Bring it on, I'm ready!
All The Best
