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Montalvo Spirits, Inc. Message Board

  • ryan_tye2000 ryan_tye2000 Oct 3, 2013 10:18 AM Flag

    Insider just bought 200K shares of TQLA

    Insider just bought 200K shares.

    Sentiment: Buy

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    • So, does that mean another Pump & Dump is being planned????

      Sentiment: Strong Sell

      • 1 Reply to marcrettus
      • Let's hope the insiders know that revenues are increasing and are buying before the next earnings report.
        Who knows when the next earnings report is due and if there are any "whisper" numbers that get whispered? Another pump and dump mailer is unlikely as distribution is gaining with Prestige International Exports, LLC ("Prestige"). Prestige will represent the Montalvo Spirits portfolio brands in certain international markets, as well as provide sales and marketing support for Montalvo Tequila and Broken Heart Gin throughout the state of California, and will assist the Company in attempting to secure distribution in additional markets in the U.S. Also the recent investment by LPC who invested $50,000 in Montalvo at a price of $0.50 per share, a 78% premium over the closing price on Friday, August 30, 2013, was an initial purchase under the agreement. In addition, during the 24-month term of the purchase agreement the Company, at its sole discretion, has the right to sell to LPC up to an additional $10 million of its common stock, subject to certain conditions, which include the effectiveness of a registration statement with the U.S. Securities and Exchange Commission covering the sale of the shares that may be issued to LPC. The Company controls the timing and amount of any future investment and LPC is obligated to make purchases, if and when the Company decides in accordance with the purchase agreement. LPC has purchased $50,000 of common stock and committed to invest, at the Company's sole option, up to an additional $10 million of equity capital.

 
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