Below are the changes vs. the same period 1 year ago:
Obviously....I mean why else would they be swapping debt for shares, and selling property to pay off debt at highly reduced levels....that's right....so they can file bankruptcy. Some people are just idiots ^
Small difference here nut ball. The 7-11 is a private label deal, so technically as soon as Jones ships the product, which was ordered, Jones is able to record the revenue, it's actually nothing like the Fizz.
Jones can't be forced to buy it back, it's a sale as soon as it leaves the dock dumbo.
Actually, on the call it was stated that there wasn't a material receivable balance from 7-11 at the end of 1Q.....so, it actually does mean they received money for the goods....tick tock
Tick Tock indeed.
Let's discuss those horrible margins they'll make on the 7-11 deal....you know, one of the best quarterly margins I've seen them put up in a long time. I guess i'll wait until next week, just to make sure they don't file bankruptcy before then!
Not really a clue this time around. In the past, I'd assume a pretty straight forward increase/decrease in sales based upon the last few quarters of yoy change. With the 7-11 deal, the timing of it, the amount they got shipped out prior to end of 1Q, it's pretty much impossible to put a number on that.
I'd say my bare minimum expectation would be somewhere around $3.25M in revenue. But again, timing and such of shipments, who knows where we're at. The call will be a good indicator of how things have gone for the last few months since this got started.
haha I just love how hilarious it is to be living in your moms basement spouting off all this non-sense.
They ramped up quite a bit already by utilizing something like $900k to build inventory in anticipation of this roll out. That cash will start coming back in very shortly as they ship it out NATIONALLY.
Also, there is the remaining balance of their $3 million loan facility (the one that doesn't exist....but does). You remember that one right hahahahah
Sentiment: Strong Buy
Well, well, well Nut Job. What was that I just heard about the $3M credit facility....you know, the one that you argued with me that no longer existed....hmmmmm shocking. Not really, you can't do basic math, so I can't expect you to be able to read either.
I didn't miss the whole point at all....perhaps you missed the whole point of math class in your younger days.
Jones isn't only going after 7-11, that's an idiotic point to try and make. That would mean Jones has no intentions of selling any Jones Soda ever again, and only the private label to 7-11...yep that's happening....better go scramble and get your nuts!
Also, you assume that they have to use the gross profit solely from these 7-11 sales to cover SG&A. A large majority of the SG&A expenses are fixed, so as sales increase, the margins needed to cover SG&A becomes smaller.
Granted, with an increase in sales, typically there's going to be some increased in SG&A, but that increase is smaller than the increase in sales, due to the vast majority being mostly fixed costs for SG&A purposes.
Wrong again nut job.
if 480k is the gross profit to shoot for, and gross profit is 25% of sales...then, sales needs to be 1.9 million, and cost of goods sold would be 1.42 million.
If you're going to try and make an argument...no matter how stupid your arguments are, at least use proper math.
That appears to be pretty good placement if they're in the slots that you mentioned. Pricing point isn't too shabby either. I'm sure the use of a plastic bottle, makes the cost to produce much more competitive, compared to glass bottles.
Label design is definitely a little different from the normal Jones, my guess is they are going for the tropical flavor type expression with the labels, since they mostly appears to be tropical style flavors.
Being that this is brand new, I'm not surprised that the staff isn't sure what it is, or that there isn't any advertising in place.
I would imagine 7-11 will support this, since it was a collaborative product between the 2 companies, but this may take time to get things settled in.
Perhaps on the call there will be some detail of the arrangement, unlike the last call when it was still secretive.
The front month contract rolled from February to March. You would have paid $30.60 for oil to be delivered in February, now you'd pay $32 for oil to be delivered in March. Similar things will happen if you look at the contract currently trading for April, May, June, etc.
You are correct. The original "short-term non-revolving secured promissory note" was amended and restated, giving Jones up to March 31 to draw on the $500k instead of January 31st.
But, you're an idiot, as this is still a separate loan from the "existing secured credit facility".
How can you simply not grasp this fact? Read the 8K filing from January 7th, and it clearly states the short-term non-revolving note is IN ADDITION to the original facility.
You really are that dense aren't you. The short-term non-revolving secured promissory note is completely separate from the existing secured credit facility.
When this $500k goes away, they still have the original facility around.
I obviously couldn't paste all of the info. in here. But the Secured Promissory Note that Nut/Whack Job speaks of is IN ADDITION TO AMOUNTS OTHERWISE AVAILABLE UNDER THE ABOVE LOAN FACILITY.
Plenty of credit available........
Modification to Loan and Security Agreement
On December 31, 2015, Jones Soda Co. (the "Company") entered into a third modification (the "Amendment") to its existing revolving secured credit facility (as amended, the "Loan Facility") with CapitalSource Business Finance Group, a dba of BFI Business Finance (the "Lender"). The Amendment is effective as of December 18, 2015.
The Amendment provides for the following changes to the Loan Facility:
� Increase the maximum amount under the Loan Facility to $3,000,000 (from $2,000,000). As amended, the Company may borrow up to the lesser of $3,000,000 or the Borrowing Base (as defined in the Loan Facility), subject to the terms of the Loan Facility.
� Reduce the interest rate on advances under the Loan Facility, by eliminating the floor interest rate (e.g., reducing the "deemed prime rate" from 4.0% to 0.0%). As amended, advances under the Loan Facility bear interest at the prime rate plus 2.00% per annum, with no minimum rate.
The Amendment provides for the following additional changes to the Loan Facility, to become effective on or before May 31, 2016, conditioned upon payment in full of the Note (the terms of the Note are described below):
� Increase the maximum amount under the Loan Facility to $3,175,000 (from $3,000,000). As amended, the Company will be able to borrow up to the lesser of $3,175,000 or the Borrowing Base (as defined in the Loan Facility), subject to the terms of the Loan Facility.
� Increase the Borrowing Base as follows:
o Increase the domestic account receivable borrowing base to a maximum of $3,175,000 (from $3,000,000);
o Increase the inventory borrowing base to a maximum of $475,000 (from $300,000);
o No change to the Canadian domestic account receivable borrowing base.
� Reduce the interest rate on advances under the Loan Facility, to the prime rate plus 1.00% per annum (decrease from 2.00%), with no minimum rate.
The foregoing description of the material terms of the Amendm
If anyone is delusional it's you Nut Job. Up to 500k yes......at a time. The line of credit doesn't expire in 6 weeks. Possibly you should re-read the details on the LOC, in terms of $'s available, interest rate, time frame etc......