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Talon International, Inc. Message Board

  • peter_norths_proctologist peter_norths_proctologist Sep 6, 2013 8:42 PM Flag

    Reverse split coming

    They announced a special stockholder meeting to vote on the proposal of a reverse stock split. This only makes sense if they intend to uplist to NASDAQ, and are thus trying to meet the shareprice requirement. But they didn't mention uplisting as part of their reasoning for the reverse split. So unless they secretly intend to uplist to a real exhange, then the reverse split is waste of time.

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    • peter_norths_proctologist peter_norths_proctologist Oct 16, 2013 2:17 AM Flag

      The company filed their defintiive proxy statement with the SEC on Monday, and they inserted a new paragraph which verifies that they are seeking NASDAQ uplisitng in conjunction with the reverse split. This is good news. The following paragraph was included in the finalized proxy statement:

      "...A primary purpose for increasing the market price of our common stock is to increase the likelihood of our common stock becoming eligible for listing on the The Nasdaq Stock Market or other securities exchange, which we believe would improve the marketability and liquidity of our common stock for our stockholders."

    • We traded CVC for Mark Dyne
      That's like trading a Pinto for a Tesla
      Better yet
      We went from an Empty Bag to a 10 bagger(Still love Peter Lynch)
      I am not a big fan of REV Splits(86% revert back and fail)
      I am going to go out on a limb and hope that this is the 14% that work since Mark has walked this trail a lot more than even ! and the 14% win BIG.

      With revenue growing and the TECHFIT coming This could work and at current value I want to see how this show ends.

      The amount of split really means nothing it just enables INST buyers to follow Mark
      With no shares in the float
      TALN could WORK

      Just my Thoughts

      • 1 Reply to mickey85606
      • You can find it on the website of the Securities & Exchange Commission (SEC). If you're not familiar with that site, just go to Talon's corporate website and click on the investor link. Then, half way down the page on the right side, click on where it says SEC Filings. You will be taken directly to the Talon filings page at the SEC. The very top filing is the proxy statement I've been talking about, dated 9/6/13. That document is named "PRE 14A", which is short for "preliminary proxy statenment". Click on the word "document" to read it.

    • Where did you get your information about a special stockholder meeting and the vote on the proposal of a reverse stock split? I have been unable to find any such information on the internet or from the company. Please enlighten us.

      • 1 Reply to rahamburg2002
      • peter_norths_proctologist peter_norths_proctologist Sep 10, 2013 11:57 PM Flag

        You can find it on the website of the Securities & Exchange Commission (SEC). If you're not familiar with that site, just go to Talon's corporate website and click on the investor link. Then, half way down the page on the right side, click on where it says SEC Filings. You will be taken directly to the Talon filings page at the SEC. The very top filing is the proxy statement I've been talking about, dated 9/6/13. That document is named "PRE 14A", which is short for "preliminary proxy statenment". Click on the word "document" to read it.

    • Peter, Lets say they do a 1 for 20, what do you see as an appropriate share price?

      • 2 Replies to tjoekon
      • peter_norths_proctologist peter_norths_proctologist Sep 10, 2013 4:38 AM Flag

        Tjoekon, if you're asking me what I think the stock price will be on the day after a 1 for 20 split, it's pretty mechanical. Just multiply the pre-split closing price by 20, whatever that happens to be. So if the last closing price were $.30, the stock "should" open at $6.00/share on the morning of the reverse split, give or take 20 cents.

        If you're asking me what I think the stock could be worth say a year down the road after a 1 for 20 split, I would assume annual net income somewhere between $3-4 million dollars. Factor in the 1/20 reduced sharecount, and you get EPS somewhere between $0.65 and $0.87/share. A conservative P/E multiple of 12 would put this stock somewhere between $7.80 and $10.40. We can play with higher multiples if growth is proven to be sustainable.

      • Worth $12 a share after a 1 for 20 split

    • What do you think they will go for? I think it will be north of 1 for 10

      Sentiment: Strong Buy

      • 1 Reply to tjoekon
      • If they are serious about uplisting to a major exchange like NASDAQ, then the reverse split will be at least 1 for 10. The proposal that is up for vote cites a maximum allowable split of 1 for 20. And I suspect they will do 1 for 20 to put them within the NASDAQ listing criteria. But we'll see. It would be disappointing if they don't manage to uplist after this exercise. Usually, reverse splits are looked upon negatively by investors because it's a sign of general weakness - unless there is a tangible goal involved, such as uplisting. So I don't know why they didn't mention uplisting as a goal in their proxy statement (filed Friday, after market close). Maybe they didn't want to promise something they might not be able to deliver. But my guess is that that is their goal.

 
TALN
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