Wook - Here's a riddle - refute the below from iCLUB:
"Question- I keep reading about the ATM dilution. However, don't you compute outstanding shares as market cap divided by share price? 242.95 / 1.29 = 188.33 M That hasn't changed since I started tracking it a couple of months ago. On the March 2015 quarterly - looks like there were 184M shares outstanding.
I have done this calculation every day and regardless of the price it hasn't changed because the market cap changes with the share price. If they were diluting and the market cap stayed the same then the share price would drop. I stand by what I stated earlier that they diluted by 4 million shares since last quarter and it was early in the quarter because I know that I have been tracking for a few months. 188.3333333... * 1.29 = 242.95m market cap - watch it and let me know
I'm not saying that the outstanding shares are changing, in fact it has stayed the same for about two months. I'm saying that if you take the market cap, which fluctuates with the price, and divide by the price per share you will get the number of shares outstanding which has stayed constant.
Example: the end of day market cap is 244.83M and the end of day price is 1.30 so the number of shares outstanding is 244.83M / 1.30 which equals 188.33 M shares outstanding. That is the same exact number of shares outstanding as this morning when the market cap was at 242.95M and the price was 1.29 242.95M / 1.29 = 188.33M shares outstanding -this number hasn't changed in two months that I tracked it. When we were at 1.49 per share we were at a 280.6M market cap - that is still only 188.33 M shares outstanding. On the last quarterly report we were at 184 M shares outstanding. So I'm guessing there was some dilution early in the quarter of 4 M , unless there is some other constant I'm missing.
The day I see the number go above 189m shares outstanding - I will bring it up - that's the day when the atm will be running and we can gage how much."
Unless Avid reduces floor space, and the daughter gets a gig. Fresh paint, nice furniture, parking space, Internet. Maybe they can get Richieri to run things.
Jeffiamgreeneggs comes to message boards for validation. Pretty much says it all.
I remember when iCLUB Wook was a nice kid, posting on YMB, living for his trips to Atlantic City, and a little penny stock wagering. Degenerate gambler, true, but a person can change. Instead, he let Gaddy and iCLUB get their hooks in him. Sad story.
Fidu - Agree, except I don't see King working ever again after PP. Huge new flex-space for a couple of bioreactors? One customer, and no PP business? Better for the three amigos to take huge golden parachutes, 401K's, etc., and disappear.
MAD MAXD even paying 8%.
On March 4, 2015 Max Sound Corporation (the "Company") and controlling shareholder Hong Kong Opportunities LLC, a Florida limited liability company ("HKO"), entered into a Securities Exchange Agreement whereby HKO agreed to exchange one hundred and twenty million (120,000,000) shares of the Company's common stock for 5,000,000 shares of the Company's series A convertible preferred stock.
Each share of preferred stock has a stated value of [$0.96] and will accrue cumulative dividends at 8% of the stated value. The conversion price of the preferred stock is [$0.04] per share, subject to adjustments for stock splits, stock combinations and similar events.
What do you think, guys - over/under one billion twenty-five million? The King's Speech less than two weeks away.
I was going to set the over/under at an even one billion. Now that I think more about it, I like your number - one billion twenty-five million. That's just about two-thirds of the authorized (Investment banker math). So, here's the prop bet: Will the proxy contain a proposal to increase the authorized?
Fidu - I was just thinking, could Dart be filling the same function as MLV? Even MLV selling to Dart to squirrel away. They could call it the PP centipede.
Or, it could mean the P2 results were inconclusive; and, PP was happy to see AbbVie leave.
Wook - What is cost averaging? Dollar cost averaging requires equal amounts at regular intervals. So, risking your commish's as they occur doesn't fit the definition of dollar cost averaging.
Why the odd lots all the time - compulsion to invest your entire commish?
"Alcohol helps, Betty. Especially on a hot day." LOL!
Betty has more personality than King!
How about that lawsuit with the inventor?
Approved for marketing in China!
PP has stock in the Chinese company! (How is it carried on the books?)
How about those patents!
But if you could examine the goods they bring
They have little to offer but the songs they sing
And the plentiful waste of time of day
A plentiful waste of time
Oh, it's a long, long while from May to December
But the days grow short when you reach September
When the autumn weather turns the leaves to flame
One hasn't got time for the waiting game
Oh, the days dwindle down to a precious few
July, August, September, November...
MAXD approaching sub-three cents.
Investor Fatigue and Convertible Debt Vs. Revenue by blaha7 •19 hours ago
Stop the toxic dilution and implement the Company business plan, then shareholders will not give up as you said. Why can't they find a friendly financier that won't continue sell off like this?
Yes, especially considering Swartz' body of work with PUT's/EFF's/ATM's (whatever).