Buying up other businesses. The model is to buy direct market companies like Longeberger, Tastefully Simple, you know, all the candle, Tupperware, jewelry, kitchen doodads and other companies that have the home parties... They'd leave the sales force alone, other than to offer global support services, streamline the production, management, and behind the scenes stuff, and rake in the money...
See, no caps, no bold, no exclamation points...and this from a newbie.
Oh, and odds are pretty good...the management team has a good history and business model.
I think, as the economy improves, women...mostly women...will start buying this stuff again. With more of an internet presence, the sellers will have a wider net to cast, and with CVSL cutting the fat from behind the scenes, the people who put in money at to his end stand a decent chance of making some on the other end.
I don't think this stock is going to $100 per share or anything like that...but $5 per share in the next 3-4 years is not out of the question, IMO.
Refer to some of the devouts here, who treat Rochon like a god...and have a LITTLE too much exuberance, no probably know more.
They would use it for future aquisitions (if a big one isn't already in the works which is dependent on the 60M). If the odds were not good, then Cantor Fitzgerald would not go through with what I consider essentially a re-ipo. A well known investment banking firm does not want to be associated with a failed offering.
Excuse my ignorance but what would the 70 million be used for
Here's hoping the market can absorb 100,000,000+ shares and not have the PPS decimated. With so little bid support, not sure how this is possible.
From the Filing:
We intend to use a substantial portion of the net proceeds from this offering to acquire other businesses that we believe will be synergistic with our current businesses.
As of the date of this offering, we have no current definitive agreements or commitments with respect to any acquisition other than the Golden Girls acquisition for which we have signed a definitive agreement; however, the conditions to closing have not yet been satisfied as of the date of this prospectus.
We intend to use approximately $6.7 million (which represents the outstanding balance under TLC's line of credit as of June 30, 2014) of the net proceeds to repay in full the indebtedness owed to Key Bank under TLC's line of credit that expires on October 23, 2015 and bears interest at Key Bank's prime rate plus 1.75% or LIBOR plus 3.5%.
The remaining net proceeds will be used for general corporate purposes, including ongoing operations, expansion of the business, further research and development, and potential regulatory submissions.
The expected use of the net proceeds from this offering represents our current intentions based on our present plans and business conditions. As of the date of this prospectus, we cannot specify with certainty all of the particular uses for the net proceeds to be received from this offering.
The amounts and timing of our actual expenditures will depend on numerous factors including costs of any companies we acquire.
Accordingly, our management will have broad discretion over the application of the net proceeds from this offering, and investors will be relying on the judgment of management regarding the application of the net proceeds from the offering.
We may find it necessary or advisable to reallocate the net proceeds of this offering; however any such reallocation would be substantially limited to the categories set forth above as we do not intend to use the net proceeds for other purposes.
Pending use of the proceeds from this offering, we plan to invest the net proceeds in government securities and other short-term investment grade, marketable securities.
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