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MrDTrade

05/01/15 7:27 PM

#67075 RE: Bergycb #67073

Sure pal...I hope your right so I can load the boat....

Too bad this is good news lol
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undrdg

05/01/15 7:30 PM

#67077 RE: Bergycb #67073

I'm talking about future growth, not staying at 15 mil a qtr. Thats what on earth im talking about. I didnt invest because i thought there would be no growth, that they wouldnt be making advancements into new countries. How is getting rid of toxic debt bad. What did you think would be the outcome..pink fairies to fly out of dans butt with a no interest loan from bank of america...this is otc. If you bet your motgage payment im sorry but im thinking longer term than a few months. Good luck if your invested...if not...thankyou for trying to save us perfect strangers for no reason whatsoever
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Millstone

05/01/15 7:32 PM

#67078 RE: Bergycb #67073

Dude - A warrant holder cannot, by definition, "short this into oblivion" when their warrants are fixed at 45 cents. 45 cents is what it is, but it is not oblivion!

12% for $41 million with a year and a half payment holiday is better than I expected. If their pro forma is running at $80 million as mentioned in the 10K, then paying 5 Million a year in interest and should be able to pull that amount off IF they get to a 20% net margin.

There is a lot of time for them to implement a lot of new strategies now. I don't expect status quo Willis activities. I expect real work to be done.

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was CUIN2

05/01/15 8:02 PM

#67081 RE: Bergycb #67073

They can pay off the loan early with a 4% penalty and remember amortization does not begin until October 2016. Talk about giving the company a head start. By October 2016 this will be a whole different ball of wax, and this $41,000,000 loan will be viewed much differently when compared to the companies financials at that point.

Remember below - this is the same CEO.

Molson's long stock market run made Mr. O'Neill a Bay St. favourite and a rich man. As of last fall, Mr. O'Neill had collected $14-million in salary and bonus for his years at Molson along with $13.9-million from exercising stock options plus $34-million worth of unexercised stock options prior to the February merger with Adolph Coors Co. The bulk of those options, worth $32.6-million, were converted into Molson Coors shares with the merger, which also allowed him to qualify for $8.16-million in dividends.

In a regulatory filing, Molson Coors said Mr. O'Neill will receive a $2.8-million bonus upon board acceptance of his cost-cutting plan, another 800,000 options worth $1.35-million will vest and he will receive payments worth $3-million over 36 months.

http://www.veritascorp.com/_files/file.php?fileid=fileCzXVwBcFoI&filename=file_Last_call_for_Daniel_ONeil.Apr.29.05..pdf
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Phin

05/03/15 1:25 AM

#67234 RE: Bergycb #67073

Go back to sleep. Dan himself owns the most shares than anyone. So your saying he threw himself under the bus with this loan? Keep spinning.