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Toxic Avenger

03/03/15 5:37 PM

#3748 RE: kbaz #3747

See that's where we disagree. Yes, Carl owns 2/3 of the O/S and all the preferred and holds all the debt.
But unless he's just got money to give away, he's going to want to see his loans paid back before he starts sending cash flow to investors. So outflowing $700k in a quarter and $3 million in a year just adds to Carl's debt.

And I've seen many of these OTC stocks eek out a small profit one quarter, only to have it eaten in losses in the next quarters.

Yeah, a float of less than 10 million shares is great, but not at a price of $1/share. Maybe at a dime you'd convince me.

Carl has been very generous to shareholders with his continual funding of CELH for years and this is probably a small part of his net worth, but I just can't see him as being a charity helping the CELH shareholders.