A good CC in terms of talking the talk. I'll feel better once real, solid funding/sources are identified. Rubbing nickels together isn't good enough. Hope you are right about EnSite..that would be a nice bonus and get me a little closer to break-even cost. This is a bit of a mess until later in Q1 when the smoke starts to clear. This is one smart CEO…all rides on his inventiveness and capabilities as a hands-on manager as well.
Not close to finding its legs. Maybe at a nickel its worth a shot again. Model doesn't work. Expensive overhead, Expensive litigation, with Joe not the most insightful leader to keep this alive. It will be sold….at a pittance.
I don't believe they can stay in financial limbo for anywhere near that long. Typically when a small company starts to struggle, its biggest marquee customers' (COSTCO, etc), are alert to the possibility that service levels can become disrupted. That is the kiss of death for future orders/relationships. This will be a spiral of shrinking sales, more expensive sales to smaller customers. To continue to pay out the contracts, they will have to sell off their assets. Are there enough assets to unload to pay their fixed contractual costs? I'm sure they're making a list right now.
Agree. High, high, high risk. Especially at this time. Could lose almost all your investment until the smoke clears (6-9 months from now). Who wants this nail-biter until then? What are your next winners…looks like you've got some ideas. I am focused on Chromadex myself…slow and steady with massive upside (2-3x) over next 18-24 months.
Thanks, wasn't aware of that. I'd be more interested once Frost becomes more interested. Have a feeling if there's any future remaining here that he would be paying a heavy discount ($.35-$.75? who knows..) for a larger stake as things get more dire. Please share if you get more insight...
Hmmm, doesn't really suggest an ownership interest, rather a "maybe, come to me when you need me/Frost Group to do a financial makeover of the company, with me in charge".
Good summary. Can you speculate as to their continued quarterly results/losses(?) going forward? Based on their multi-year contractual obligations, how much cash are these guys going to need, assuming current rate of quarterly sales (shrinking at this point) is the new normal…and that would be assuming a reasonably benign sales future, i.e. with less marketing funds, promotional monies, fewer sku's and potential customers lessening their partnering efforts, a constant level of revenues might be asking too much.
Maybe sell 50%, then buy again at under $1.25 or so, if you're a riverboat gambler. There is a brand potentially worth salvaging, but the feet of this company are cast in concrete thru their contractual obligations. Unclear to me how they can square the circle with declining sales, lower margins, and quarterly losses, with no cash. Who would lend these people money, or buy their shares?? I still think Frost may come back, but at much, much lower prices. Another possibility is that they license the brand and dump all assets, fire staff etc.
Did I misread the PSTI release? There are at least 2-3 months prior to the test able to begin, then the 6 month test, and then a 9 month follow-up, correct? All told, it will be at least 18-24 months before the results are officially communicated, and perhaps even longer for a paper to be issued.
Wont be 'running', but will be walking back up. Will be back at $2+ by end 2016.That would be a very good move. 2017 you might see $5. A lot of progress will be communicated over the next month. So long as they are seen as moving forward with financing, this will move higher…continuously. Green battery spinoff $ is a hope, not a reasonable expectation at this point. Maybe by 2017 you'll get some benefit here.
He does give new meaning to the word arrogant, however he is smart, and a survivor. Hope he kept ego in check re wisdom of going through lengthy suit from here on.
Think you are referring to my opinion about another company. Have purchased here twice over the past 3 years, and have not sold. As high as $1.50 and low as $.95. Believe in Mark over the longer term, but am getting a bit impatient. Not a basher here, but a bit of a whiner.