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Cereplast, Inc. Message Board

  • tderrick39 tderrick39 Feb 7, 2013 9:40 PM Flag

    November 2012 there was 37 mil O/S and just a hair over 6 mil float??

    What is the current A/S and O/S folks?? If they dont dilute this has a real good chance of going higher but the last thing you want is to be this companys piggy bank!! Discloser i bought and sold yesterday first thing in morn and sold for 20% profit cause you never know. This company does look descent long term but really need to see current O/S & A/S to make sure they are on the up and up. Remember they got delisted couple years ago and did a R/S so make sure they dont have plans to do it again:)

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    • I-HUB says a/s is 495 mln and o/s is 150 mln

    • I believe that the total outstanding shares are around 200 million

      Sentiment: Strong Buy

    • the ceo recently stated in a news release that they were not going to do a r/s as they did not beleive it was in the best interest of the share holders... if u read the releases since early Dec (excl 8ks and other sec) u will quickly find this... as far as i can tell, there are 34.34 shares outstanding and then there was the recent S1 for 49M shares, so i see us at 49 plus 34.34 = 83.34M outstanding... is this correct

      Sentiment: Strong Buy

      • 2 Replies to zellpam
      • From the most recent Form S-1 of 25 JAN 2013:
        Upon or after 18 years after the Issuance Date, the Company will have the right to redeem 100% of the Series A Preferred Stock at a price of $10,000 per share plus any accrued and unpaid dividends (the “Corporation Redemption Price”). The Company is also permitted to redeem the Series A Preferred Stock at any time after issuance at price per share equal to the sum of the following: (a) the Corporation Redemption Price, plus (b) the Embedded Derivative Liability (as defined in the Certificate of Designation), less (c) any dividends that have been paid. The Certificate of Designation also provides for mandatory redemption if the Company determines to liquidate, dissolve or wind-up its business or effects any Deemed Liquidation Event.
        In connection with the Ironridge Purchase Agreement, the Company entered into a Registration Rights Agreement, and an amendment thereto, pursuant to which the Company agreed to register the shares of common stock issuable upon conversion of the shares of Series A Preferred Stock issuable under the Ironridge Purchase Agreement. The Company agreed to file such registration statement on or before October 31, 2012 (subsequently amended to November 2, 2013) and to use its best efforts to have such registration statement declared effective on or before the 150th day thereafter.
        This prospectus includes 49,022,252 shares of common stock issuable upon conversion of Series A Preferred Stock. The amount of shares included in this prospectus was determined based on one-third of the Company’s public float as of January 25, 2013. As of January 25, 2013, the corresponding number of overlying shares of Series A Preferred Stock is equal to 68. This number of overlying shares of Series A Preferred Stock will vary with the market price of the common stock.

        Common stock outstanding prior to the offering

        151,596,664 *
        Common stock offered by the selling stockholder

        Common stock to be outstanding after the offering

        Use of proceeds

        We will not receive any proceeds from the sale of the securities hereunder. See “Use of Proceeds” for a complete description.

        * As of January 25, 2013.
        ** Assumes issuance and conversion of all shares of the overlying Series A Preferred Stock.

      • Well i run my own company and sometimes dont have time to do dd for long term "investing" but i do know how to make money and right now im a 1k richer off this stock cause of that. I will do some more dd in next couple of days cause i feel a pullback from these levels and if i mis it oh well cause there are alot of stocks out there.

    • mobiletechsolutions Feb 7, 2013 10:00 PM Flag

      If you read the recent news which I'm sure you have they VOLUNTARILY moved to the OTC Exchage and the fact that they could have stayed a NASDAQ listed stock but decided against a Reverse split!!

      The O/S is 191,000,000 which I'm not sure how long you've been an "investor" but this is considered a very low float for a company trading at these levels. Most bio tech stocks for example have no products to sell trade on hope and hype and have O/S twice and in many cases quadruple CERP's O/S and trade much higher share price. This stock has so much room to run up it's not funny. To bad your out the ride up is going to make some very rich....


      Sentiment: Strong Buy

    • Yep. It was 1 :40 R/S.

0.00550.0000(0.00%)Nov 20 3:12 PMEST

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