And what kind of info does he get? Product pipeline? Nonpublic deals? Which MLB player is planning to wear?
I realize I'm getting a little ahead of myself( will 4LC even survive?). I also realize that this goes on all the time but the language within the filing is first of its kind I've seen. The arrangement is precarious setup for insider transactions, notwithstanding mention of securities act of 1933.
Wow. So he gets the privilege of being a pampered audience at the HQ? In the meantime we get a dead end phone number and email address.
recurring theme with 4LC...
hope... then letdown. yugioh sale... low price
hope... then letdown. lehman settlement... pittance
hope... then letdown. isoblox cap major league approval... nobody wants one
hope... then letdown. major sport goods store... poor sales
hope... then letdown. equity investor and board appointee... no benefit
hope... then letdown. spring sale... you can guess what i'm expecting.
then a quiet disappearing act.
Ken Klopp was assigned chairman at d3o in 2006. but looks like he resigned in 2008. does he have any connection anymore?
why didn't they think of this? isoblox plates molded on top of TPU (termoplastic polyurethane). the plebs will buy to protect their iphones (stroking my iphone 6 plus, prae-ceee-ous).
someone mentioned cocona, a venture Ken Klopp is involved in. meh...
something else he is involved in which I think is even more interesting. It has synergistic potential with isoblox. it is called d3o. It is a non-newtonian viscoelastic polymer. It is a soft flexible material which stiffens on impact. I think it is a perfect compliment to isoblox. much better than the thick EVA foam they are using currently .
Are they working on a marriage of the two? That would be awesome.
Big caveat, d3o has been in the works since mid 2000s. these things tend to be in terminal development stage. much like isoblox.
At this juncture, the only way you can redeem yourself is if this becomes a twenty bagger from my avg cost. No premature celebrating. The recent dilution and addition of a one hit wonder to the board has not changed anything.
Pitchers and catchers for all clubs have reported. If more pitchers were to have stepped up to use isoblox cap, we would have heard it already. Looks like we won't get freebie advertisement from major league. Isoblox will have to sell on its own merit (or at least connive parents to buy).
Also it's been a long time since announcement of new equity investor and new director. Major announcements relating to new insider developments typically happen within days. Lengthy radio silence says they have nothing more to say.
What Carboneus says is true. The equity raise pretty much guarantees that there is no buyout or a major deal coming soon. Why would the insiders be so short sighted to give away half of the company when they know a deal is imminent? Its not happening.
The insiders are desperate for cash. They are hanging their hopes on sales materializing this spring. It is a toss up whether they can manage that. Their survival is still on the line. The $500k gives em one last gulp of air.
Of note, the structure of the equity raise does not allow for recurring cash infusion. $500k is it for now. Any new funds will have to come from similar equity raise (more dilution) with another person (they can't go back to Leslie Rudd or they will forfeit NOL credits) or debt. The prospects are ugly. This is it folks.
Little league folks buy the cap en masse this spring or its belly up.
I don't think they violated ownership change so I think NOL's are safe for now. The newly issued shares are almost exactly 5% of what would be the new outstanding total (sum up prev outstanding new investor shares and insider grants).
Future warrant exercise could potentially violate ownership change though. 4LC need to be profitable and whittle down the NOL within 10 years. This has the effect of lighting a fire under their...
All this for meager $500K upfront. It seems they were so very close to running out of funds.
I hope a new deal is coming.
Also, the more I think about it, we may see decent sales leading up to little league season opening. A deal could ignite that. Here's hoping.
Yikes! They gave an arm and a leg for that. Desperate times call for desperate measures I suppose. The buyer could potentially make it like a bandit if this season proves successful. The buyer will have limited loss if the bet goes wrong, thanks to the warrants. Heads I win jackpot. Tails, I lose 500k.
I really do wonder what this would mean for NOL's. Notice how the initial shares issued is right around 5% of what would be the new outstanding share count (adding 769,381 to previous outstanding which I think was around 14M). So the ownership change likely has not been violatedviolated yet. Now they need toto be profitable and exhaust the NOL prior to warrant exercise. They have 10 year window to accomplish that.
I don't think what I said was secret info. It was deductive reasoning. The reasoning may make sense but I would not advise buying based on it. It could prove false.
Somebody is buying today tho. I hope it's not on my account.
The company did get a lot of publicity last year. The cap design was horrible but maybe, just maybe, sales from this season could allow them to survive so that they can livelive to fight another day. Maybe they can come up with something better.
I was doing some "what went wrong" research this past week. I went back to read some articles from last year. They were generally positive on the isoblox cap. The comment sections were however more informative. Sure there were detractors who ridiculed the cap and the concept. But most people were positive on the cap. They thought it was a move in the right direction.
Interestingly, there still isn't a commercially available alternative yet. Let alone a MLB/player assoc approved one.
I know most of us have written this off. It is "too obvious", what with everything falling apart last 6 month. to pull at the scab again, Lehman settlement disappointed, isoblox cap is ugly, except for a single guy no MLB pitcher wants in, sales were bad, precarious cash, Jay Emmett retiring/cashing out, social media posts done, www.isobloxsports.com going dark, etc, etc, etc.
I am expecting a "we imploded" filing soon. But then again, I had this thought.
Last year isoblox cap sale was a complete wreck. I attributed it to poor design (still think so). I also attributed it to poor timing of its release. If you recall, cap began selling in may, essentially near the end of the little league season. Being released that late, the cap failed to capitalize on the pitcher safety issue when Arolis Chapman got hurt in spring training. We extrapolated its doom when sales failed to materialize even after Torres started wearing it and Jennings had that horrible combacker during the regular season.
But then I had this thought this week. I might have been wrong to expect a sales increase after Torres and Jennings. After all, little league season was done. There was no point in parents running out to get his boy/girl protected. If the sales were to materialize, it would be this year, from now till little league season start, as parents begin outfitting their kids. Memories of pitcher injuries last year could influence their shopping.
Could we be looking at some meaningful sales number in next couple months? Does 4LC foresee this, or at least hope for it? Maybe thats why they havn't already announced cessation of operations. Maybe they shut the twitter feed and isobloxsports website to as a means of stretching their cash till the new season.
looks like Foster couldn't even find change in the cushions to pay the webmaster. the fat lady has sung.
some idiot still bidding for few shares. provides fodder for speculative hope ("maybe, just maybe, someone knows something...). it is sad but always happens.
I do wonder how Torres will keep true to his determination to wear the cap for rest of his career. maybe other pitchers can give him their.
keep safe Deek. I hope your pals/family can forgive you.
or they could just fold.
shutter operations and cease third party FB &twitter contract posters (done)
sell/liquidate what they can,
distribute last checks for the titled directors and execs.
fi!e with SEC.
shares don't even have to be canceled,
will live on indefinitely in the pink sheets,
maybe Deek will make one final pump and dump few years later,
after he domiciles himself in a caribian island.
will still claim that he's never been wrong,
"even the time when he was wrong he was actually right" (?)
As an aside, D1(k's sporting goods is seeking to go private. I wonder what it would mean for its poorly selling product inventory (like isoblox).
To expect that FOUR will hit $2 is ... I'm at loss for words.