Recent

% | $
Quotes you view appear here for quick access.

Lattice Semiconductor Corporation Message Board

cool_scirocco 375 posts  |  Last Activity: May 27, 2016 3:41 PM Member since: Oct 9, 2000
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Hidden Gem

    by megachron420420 May 27, 2016 12:51 PM
    cool_scirocco cool_scirocco May 27, 2016 3:41 PM Flag

    BOINQ is still coming out of bankruptcy and hasn't filed a financial report in nearly a year. The biomass to urea scheme sounds similar to that of Converted Organics, with disappeared from the scene three or four years ago after the stock, IIRC, ran to $0.0001 - $0.0002.

  • cool_scirocco cool_scirocco May 26, 2016 8:58 PM Flag

    Sure it's a feasibility report, and its written for Tennessee using data obtained from othe states and areas where kenaf was being grown.

    And so they used $55 -- the midpoint of the $35 - $75 range they chose -- to calculate potential gross profit per acre.

    Why did they use a $35 - $75 revenue per ton range? Probably because those were the usual prices per ton in the other states.

    So why not use that as a guideline? Even if the price is doubled, to $0.055/pound, that's well off the $0.25 per pound estimate that Schmitt provided in Hemp's PR.

    Of course, $0.25 is well within the range of PROCESSED kenaf fiber that one can purchase on Ali Baba, and is the same price Schmitt spoke of in the very first video of the decorticator that was filmed right after HEMP bought the equipment.

    In that video, as he's showing Bruce the processed fiber, he says that when they were selling it before in the mid-$0.20 range, and then as he walks towards another area, he says $0.25 - $0.26.

  • cool_scirocco cool_scirocco May 26, 2016 8:19 PM Flag

    Do you think that commodity prices of a little-used commodity will have changed that much since 2007?

    If so, then find a better source, otherwise use the existing, relatively recent studies to generate forecasts.

  • cool_scirocco cool_scirocco May 26, 2016 4:34 PM Flag

    I found the report I think you were trying to reference. It was a 2014 report on Kenaf from the University of Kentucky that references a 2007 study from the University of Tennessee. The UoK page on which all of the reports are listed was updated in 2016, which is why a G-search for the title returns an April, 2016 date.

    The ihub post I've just written shows an image of the UT study, which estimates that a farmer can sell kenaf stalks for $55/ton, or $0.0275/lb.

    You're welcome!

  • cool_scirocco cool_scirocco May 24, 2016 1:54 PM Flag

    You understand that this is a boilerplate statement, right?

  • cool_scirocco cool_scirocco May 24, 2016 1:33 PM Flag

    For various reasons, most of the defendants were dropped from the lawsuit, leaving only Project CBD, Aaron Cantu (the author) and Lee Martin.

    After a ruling from the courts that two of the complaints would not be dismissed via an anti-SLAAP ruling, the defendants appealed the ruling to the 4th District Appelate Court in CA, and both sides are still in the process of filing various briefs. Not sure when the actual appeal will be decided, but if it's decided in Project CBD's favor, then MJNA will have lost.

    If MJNA wins the appeal, then the case will go to trial, but if that's the case, I wouldn't expect a final result until 2017.

  • Reply to

    DET, a moment if you would.

    by sjtopt1 May 24, 2016 12:56 PM
    cool_scirocco cool_scirocco May 24, 2016 1:19 PM Flag

    SJ,

    1) I've downloaded some of the Kenactiv/Biotech Mills bankruptcy documents, one of which being the March 5, 2014 bankruptcy auction of the Snow Hill equipment and building contents. Basically, the auction was for all of Kenactiv's property (machinery, inventory, vehicles, etc) in both Snow Hill, NC and whatever was in Kenactiv's offices and warehouse in Phoenix, AZ. The only things not included were the computers.

    If I understand the auction companie's statement, HEMP paid $191,500 plus $24K of auctioneer expenses. Since this was an auction, I would imagine that HEMP had to pay in full at the time.

    I need to post that document in my Internet Archive library.

    2) With regards to mark to market changes, I believe that they use the closing stock price on the last day of a quarter. According to the PR, FUTL gave HEMP 700K shares in 2016, then in 2017 and 2018 175K shares will be paid quarterly, for a total of 700K shares per year and 2.1M shares over the life of the contract.

  • At the end of the 1Q/16 filing, in the section on the decorticator, Perlowin added a little "pity party" paragragh that I think is an effort to explain away the massive dilution and prepare shareholders for more. The first paragraph shows the same reiteration of the size and terms of the $1.6M note that has been in prior reports, but the new second paragraph is amusing, especially because Hemp's CEO uses the adjective "draconian" to describe the terms of the note:

    "The President and major shareholder has entered into a series of personal loans and has advanced the loan proceeds to the Company. He has personally guaranteed these loans and has pledged personal assets to collateralize these loans. Loan proceeds have been used by the Company to purchase the property, plant, and equipment located in North Carolina and to fund the ongoing operations of the Company. The terms of the loans are so draconian the President is continuing to be in “technical default” and as such the Lender immediately forecloses on the President’s pledged assets. The advances to the Company classified as Subscriptions Payable as directed by the President."

    IMO, the two things I find hilarious about this paragraph are:

    1) Bruce is the person who negotiated the draconian terms with the noteholder, and it was his bad project planning that created the situation where the plant wasn't generating the cash flow to make the payments on time.

    2) He's been financing Hemp via personal loans for years.

  • cool_scirocco cool_scirocco May 23, 2016 10:56 PM Flag

    The reference wasn't about Holmes, but I must admit I made a mistake in the reference. It's supposed to be "negative waves", not "negative vibes".

  • cool_scirocco cool_scirocco May 23, 2016 10:08 PM Flag

    The report is available at the OTCMarkets site.

  • MJNA filed it pretty late, and I don't want to spend too much time tonight dealing with trying to figure out everything, but the main bullet points from the 1Q/16 filing are as follows:

    * Total Rev: $1.54M, down 57% from 1Q/15's $3.56M, and also down 2.2% from 4Q/15
    * US Operations Rev: $1.23M, down 43.5% from 1Q/15 and also down 15% from 4Q/15
    * KannaWay saw only $306K revenues in 1Q/16, down 71% from 1Q/15 and also down 24% from 4Q/15
    * There appears to have been zero revenue from Wellness Managed Services (MPSI security?) in 1Q/16
    * The Net Ordinary Loss from Operations was $405K
    * Interest and loss of the value of securities held added another $10.7M in losses
    * MJNA had a mark-to-market gain on some shares held (AXIM?) of $1.4M

    All in all, the net comprehensive loss was $9.7M

    There was no reporting of any revenue from Brazil or Mexico, despite the statement in the report that Brazil is MJNA's largest international client.

    Why hasn't MJNA broken out revenue from Brazil?

    If Brazil and Mexico are supposed to bring in so much income, why are revenues continuing to fall?

    While the amount of convertible notes appears to have increased, there appears to have been zero note conversion in 1Q/16. Perhaps this is a matter of the timing of the maturation of the notes. More research is needed.

    There was a

  • cool_scirocco cool_scirocco May 23, 2016 9:07 PM Flag

    Then why the negative vibes, Moriarty?

  • cool_scirocco cool_scirocco May 23, 2016 8:42 PM Flag

    Your increasing frustration is worth more to me than any gold star.

  • cool_scirocco cool_scirocco May 23, 2016 8:31 PM Flag

    I work for nobody, and do this for fun and practice for my research and analysis skills.

    But I must admit that one unexpected benefit to doing this is watching fools like yourself grow more and more frustrated when my forecasts turn out to be correct.

  • I wrote this on ihub (message #62665) on Feb 4, 2016:

    "With the decorticator still being reassembled and a horrible FY2015 under its belts, without this deal, HEMP would announce only about $75K of revenue and a big loss in 1Q/15.

    "With the receipt of 700K shares of FUTL, if that stock can be pumped to $0.50 on the day the shares are transferred, then HEMP will be able to report $350K of additional revenue in 1Q/15 and -- on paper -- offset a lot of the expenses incurred in the rebuilding of the decorticator plant. A higher price for FUTL will make it look even better.

    "HEMP's PR announcing the 1Q/15 [sic] results, when filed in May, will blur the lines as to the source of the revenue.

    "It won't matter if in six months, FUTL goes to zero, because Perlowin will have been able to report a big Potemkin Village of revenue in 1Q/15.

    "I wouldn't be surprised if he signs some other consulting deals in 1Q/15.

    There's a huge difference between forecasting and bashing

  • The 1Q/16 report was filed late this afternoon (Pacific Daylight Time), and it's amusing, to say the least, especially because of Perlowin's comments on the last page of the report.

    * Revenue all stock from consulting deal
    * The net loss was $3.02M
    * The OS is now 556.2M shares, an increase of 21.5%, or 98.6M shares
    * Share subscriptions (value of shares due Perlowin) increased to $3.6M from $2.5M at the end of 2015
    * Perlowin calls the loan terms of outside loans "draconian"

    1Q/16 Revenue was $743.4K, which might seem great, but it's most likely the value of stock received for the consulting deals with FUTL and GRCU. There is no cost of sales reported, which means that Carolina Canna Distributors didn't purchase any product to restock its shelves. This distribution agreement looks to be a failure, and in the recent video interview, Perlowin basically says that Hemp is exiting the personal products market. Therefore, the income must come from consulting, not sales of personal products or anything derived from the kenaf inventories at the plant.

    According to FUTL's 1Q/16 report, they paid 700K shares to HEMP in either on January 26 (per their report) or February 2, (per HEMP's PR): If we use the Feb 2 date, then at a closing price of $0.40, the FUTL stock was worth $280K of the revenue line.

    GRCU hasn't issued its report yet, so I'm not sure how many shares were issued and at what price.

    HEMP reported a 1Q/16 Net Loss from operations of $3.02M, with most of this loss ($3.63M) being share-based compensation. I'll leave it to the reader (for now) to figure out who got the shares.

    Net loss for 1Q/16 was $3.01M

    At the end of 1Q/16, the OS was 556.2M shares, an increase of 98.6M shares (21.5%!!) from 4Q/15.

    Finally, it looks like Bruce lent the company more money during 1Q/16, and at the end of the report, he calls the terms of the loans from outside vendors "draconian".

    Of course, he's the one who signed for the loans, so why is he complaining about terms?

  • Reply to

    Cowards on the board

    by apromisetofall May 23, 2016 5:56 PM
    cool_scirocco cool_scirocco May 23, 2016 7:53 PM Flag

    Bite me. I don't need to give a reason.

  • Reply to

    Where is the GUARDLITE????

    by sjtopt1 May 23, 2016 3:16 PM
    cool_scirocco cool_scirocco May 23, 2016 4:16 PM Flag

    I think the first one is still in the same position near the gate with the small house/shack in the background.

    Watch the scale installation video in a full-screen view. At 2:20, you should see the first one, just before the semi comes onto the property. The second one is visible several times in the background between about 2:50 and 3:00.

  • Reply to

    Where is the GUARDLITE????

    by sjtopt1 May 23, 2016 3:16 PM
    cool_scirocco cool_scirocco May 23, 2016 3:42 PM Flag

    Hemp installed two Guard Lights, one at either end of the front of the property, and both can be seen in the background at various times in the scale installation video.

    You can see the wind turbines spinning, but there's no way to know if their video cameras or lighting is working.

    Have they been removed since this video was uploaded in early April?

  • Reply to

    Bruce announces NO PLANT RUNNING 2017--interview

    by sjtopt1 May 23, 2016 11:06 AM
    cool_scirocco cool_scirocco May 23, 2016 2:16 PM Flag

    How many times do I have to tell you?

    I'm not talking about possible rescheduling of Cannabis.

LSCC
5.73+0.18(+3.24%)May 27 4:00 PMEDT