it will go primarily for personnel and drugs which are more critical than suits as the number of cases is declining in any case.
It’s unclear exactly what the funding will target, but experts have said additional funding could be used for the efforts in West Africa, for new Ebola treatments and vaccines, to prepare hospitals in the U.S. and to stockpile protective equipment for healthcare workers.
All hype...u people are retarts.......the joke Lake has yet to even disclose the $ of amt of "suit" order...,why cause its for $10 suits that amounts to $10M...thats it.....
you and your like are going to jail with this stuff being leaked and traded on..you and this EBOLA hype are a fraud.
yeh those are disposables for $10 not HAZMAT suits dummies......small potatoes.....its a $10m order at most
yes but understand they only had like $5M in all of materials applicable to EBOLA at MOST.....probably less
Inventory decreased by $469,000, or 3.3%, to $13.7 million as of September 30, 2014 from $14.1 million as of December 31, 2013. The decrease was primarily due to a decrease in inventory for the Disposable Protective Apparel segment of $1.2 million, or 23.6%, to $3.9 million and a decrease in inventory for the Infection Control segment of $318,000, or 9.8%, to $2.9 million, partially offset by an increase in inventory for the Building Supply segment of $1.1 million, or 18.2%, to $6.8 million.
Makes a big difference in the value of 1M suits and its intentionally left vague.....disposables are $10 or so vs hazmat $1000 (up to)...so mgt why not be clear on the orders value? My guess its mostly $10 suits and thats $10M order which is nice but the value does justify 2X market cap since hype started.
was filed as option exercise after close.....what all of u dont realize are the orders just started to get realized here and mgt knows it......lead times for items are very long for govt, hospitals etc. Yes there was hype here and yest stk never should have been 10, but u never short a stk where fundamentals and rev growth are improving in my view esp when see insider buying unlike LAKE who is selling stk
(DOW JONES) DJ Dir MANOCK Acquires 45,000 Of ALPHA PROTECH LTD APT
DJ Dir MANOCK Acquires 45,000 Of ALPHA PROTECH LTD APT
SOURCE: Form 4
ISSUER: ALPHA PROTECH LTD
FILER: MANOCK RUSSELL
DATE TRANSACTION SHARES PRICE VALUE
10/17/14 Exercise* 45,000 $1.66 $74,552
OWNERSHIP: 88,400 (Direct)
You can not do a private placement if you are sitting on some huge order period...you would need to disclose it pronto.....it deemed material....the fact is they dont have an order as a result and I ask why 2 mths later after BS PR release?
then why use the proceeds to pay off debt at all then which is my point. You dont get it...they had to do an offering cause the debt was due ASAP and it could not be refied.........its not for expanding production at all put to retire debt.
are u dense its NOT HAZMAT the orders are for disposables and this was confirmed with APT mgt and Kappler too...wake up ...cant make and real money selling $10 disposable suits...just stupid
In the CEOs own words.....these lines dont cost hundreds of dollars to near $1k for Hazmat suits but under $20 of that each......what a scam......yeh big orders coming my #$%$ sell 10,000 at $15 amounts to nothing......you are being rail roaded and this darn company is about to rape you.
Christopher J. Ryan, the CEO of Lakeland Industries, Inc., stated "This offering provides us with the capital we need to turn our attention to our core businesses and pay down expensive debt. Funding will go toward expanding our production capacity for our ChemMAX(R) and MicroMAX(R) protective suit lines in order to keep up with the significant global demand we have seen from governments, health organizations, and hospitals
CDC nor hospitals require a $1K hazmat suits so who the heck needs 160k worth of them...what they need is a $15K disposable suit which cant justify the rise here in the joke LAKE market cap of $50M. a 1X sales this implies it would need to sell 3M of disposable suits to justify the $50M rise in mkt cap. what a joke.
SO I ask you if sales where about to explode why not refi the debt AFTER the announcement of a large order not before as if done after creditors would be more than willing to refi at lower rates? I tell u why cause mgt knows there are no material orders especially for their expensive hazmat suits. Where is the 160K order I ask nearly 2 months after misleading investors?
And to repeat if they had a firm order that was deemed material it would have to be disclosed already as per the SEC and tied to secondary...so there...thats the facts.
Raise is tied to necessity to keep operations going as debt comes due and given its CF it cannot issue more debt....period end of story....where is the 160K Hazmat suit order and if it was so material then state you have a firm purchase order vs misleading investors by saying raise was "in part" tied demand vs the truth that debt was due had no other choice.....GD joke
The company said it was doing this, in part, to support "the increased demand for Lakeland's safety products due to the Ebola crisis."