And his followers paid the price. You will never hear another mention of this stock out of his lips for as long as he lives. He will just sweep it under the rug along with his other failed picks that he charged people $ thousands of dollars for. But let this message board stand as testament to what really went down.
Yup, how convenient, they keep investors waiting 71 days before they are able to make an informed decision as per the financial health of the acquired budiness. In the meantime, management can continue to hype the story until they pull off a secondary offering at inflated prices. Standard OTC playbook.
All the catalysts are priced in. Buy rumor, sell fact. No need to watch dead money decay. Opportunity cost is knocking.
I just want to hear you say you'll be holding this stock for the complete round trip. LoL!
Selling Bucha in rich hippie towns is easy. Let's see what happens when they try to take it mainstream. Has this company done any mass market research for their $3.99 bottle of wonder juice? I doubt it.
That guy is the perennial kiss of death. He never misses a chance to put his foot in his mouth. Not only is his fundamental analysis lacking objectivity, but he has no concept of market mechanics. I noticed that the ABRW website created a link to Margolis's Seeking Alpha article in their "Media" dropdown selection. #$%$? What kind of a company publicizes itself by way of a Matt Margolis Seeking Alpha article? This is getting downright loopy here folks. Watch the pump.
....the faster the investors can be put out of their misery, and move on. But Mark Gomes will continue guiding his followers into roach motels like this. You can count on that.
This story has yet to unfold. OTC stocks are famous for round-tripping the naive retail lemming. The euphoria bubble is in the early stages of busting. As this roll-up accumulates more and more debt and dilution, the pps will crumble under the weight of the fundamentals. In the span of two months, the new CEO has taken a healthy balance sheet and wrecked it for the sake of acquiring a stagnant tea brand that has gone NOWHERE in 5 years, and a bottled water brand that doesn't even fit with the company's stated goal of specialty drink focus. There is clear evidence that the company is winging it as they go along, based on the fact they have had two corporate name changes in a single month. Obviously some hasty decisions were made. And it's often the case that haste makes waste.
Too soon. Try again at $0.50
Certainly not the CEO! He wouldn't even buy this POS at $0.40, do you think he sees value now after the Pump & Dump phase? Lol! He has no ownership stake in this company. No common stock. No warrants. No options. No employment contract. Nothing. Zero. Zilch. He's a traveling salesman who moves from one company to the next, leaving a trail of bankruptcies in his wake.
"...I just picked up another couple thousand shares at 1.68, and I am going to look in my couch cushions and car seats to get a couple thousand more."
Another bagholder shines a light on his own stupidity. Congratulations!
Hey Doofus, you know what's really hilarious? You bought a round-trip ticket, and you don't even know it. Enjoy the ride back to $0.50.
Doofus is a great name for portfoliomangler/Joeunnatural. Suits him perfectly. It's amazing how he likes to come on this board every day to receive his daily beating. He is so outclassed and out-researched, and yet he claims to be the expert. And today, Barbgoldstein catches him admitting that he'd rather forget all about Brent Willis's past so he can just live in the present with blinders on. LOL! You can bet your bottom dollar that if Willis really did have a stellar past, then the Doofus would be living the past up every second he could - rather than trying to explain it away all the time and changing the subject.
"...Willis' reputation provided enough collateral."
That's actually pretty funny. I needed a good laugh today. Thanks my man!
The CEO is at 25 million fully diluted shares after all is said and done (including the secondary offering which is coming after the deal closes). Learn to read between the lines or you will be repeatedly left behind, like you were at $1.92, expecting more upside from the LD dog & pony show.
You forgot to mention that you also get a deep debt burden and 60% shareholder dilution. Everything has a cost. Even your precious LD Micro dog & pony show couldn't trick investors into adopting your rose-colored vision. Funny how quickly reality hits you in the face. They should hit the road for another dog & pony show so this stock can drop another 35% in days. LOL!
"...they weren't sure how they would proceed with the water business. Didn't sound like they were as enthusiastic about it as you are."
They may see it as the only real asset of value and are torn between keeping it and selling it to fund growth in smaller brands. Note, they didn't seem particularly excited about the Xing brand either, at least compared to Bucha.