Medical staff is available on the sidewalk to treat your injuries.
This thing will get bloodier than a botched abortion once the bagholders get stopped out.
Who knows how low they settled upon the offering price? Lot of bagholders minted this week.
Hey portfoliomangler, tell us again how the shorts will be killed after Willis explains the acquisition at LD Micro conference. LoL!
Like I said, management declined to give guidance. Even worse, Willis said he will NEVER give guidance. LoL! That red flag is turning blood red.
Look carefully at the slides from the LD Micro presentation. Management is not backing off their expected sharecount of up to 25 million shares outstanding - even though the New Age acquisition will only bring the share count up to 20 -21 million shares. That means management has built in an allowance of 4 - 5 million share dilution. They will take advantage of the recent run-up in shareprice to ensure they have the necessary capital to expand the business and service the debt. It will happen. It always happens. How many times have you seen OTC companies say they have no plans to dilute shareholders, only to do a secondary or PIPE out of the blue. It happens ALL the time.
Yeah, well I was right that Willis would not give earnings guidance. And he didn't even wait for the question. He comes right out swinging: "I will NEVER give guidance". That was an odd way for him to bring up the subject. It's like he was reading this message board and wanted to strike a defiant chord. Very strange indeed.
Almost. Their long-term debt is $10.7 million at 4.5%. Portfoliomangler said it would be $8.5 million.
The 4.5% loan rate was the only good news. But still, $15.2 million in debt and only $2 million line of credit? Here's the thing - nowhere in their slides did they mention their cash position! Why? Simple. Because it's almost zero, and they'd rather not call attention to that. Im sorry, but providing selective financial data and expecting us to properly value the company is disingenuous. Don't you think?
There you have it! The CEO just said he will NEVER offer guidance. That's code for "we are going to be ramping expenses big time, so our bottom line will suffer for years until the new capital investments gain traction." I called it!
Thanks for the warning. I knew the pump phase was nearing the end.
" ...I use the term "very profitable" as that is exactly what the acquisition PR states."
We are talking about Bucha. Not XingTea. I know Xing is profitable. Bucha is not. Period.
Those new bidders are Matt Margolis's few remaining retail followers. The ones who haven't yet lost all their money on his previous picks.
If Bucha is so "very profitable", how come they reported negative $.02 EPS in their latest quarter? I have the numbers right. You use vague terms like "very profitable". Typical pumper obfuscation.
So says the marketing department of a Kombucha company. Now go find an unbiased source. This is how retail investors get burned.
That guy is the kiss of death. Always buys at the top. He held on to GTAT from $20 to zero. He's got a great knack for picking companies headed for disaster. Why am I not surprised ABRW is his next recommendation? Too funny.
I'm talking EPS guidance, including impact of interest expense, which will be massive.
"...and an additional 4,500 outlets coming online immediately for Bucha alone..."
That's just great. Another 4,500 outlets for them to lose money on every bottle of Bucha sold. That's lovely.