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Jones Soda Co. (JSDA) Message Board

nuttierthansquirrellshiat 102 posts  |  Last Activity: Aug 25, 2015 10:23 AM Member since: Aug 4, 2011
  • Reply to

    Caller/question

    by catjorny31 Aug 6, 2015 7:59 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 11, 2015 11:20 AM Flag

    No one"s buying because im right , and your wrong ,,again....your thesis on how jones cash flow and loan is working is not correct ,, thats why your always wrong ,,, Jones is burning 500k a quarter and out of cash to survive ...thats why only 1 share traded today.....Jones even told you in the 10Q ,, But you still think you know what your talking about ....

  • Reply to

    Caller/question

    by catjorny31 Aug 6, 2015 7:59 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 11, 2015 10:47 AM Flag

    your delusional , I am spot on with my calcs and thesis ,,,look at the buying interest ...1 share traded so far today ....who"s right and who"s wrong...mmmmmmm

  • Reply to

    Caller/question

    by catjorny31 Aug 6, 2015 7:59 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 11, 2015 10:00 AM Flag

    Your still not understanding the BIG picture ....that"s why your always wrong...and i am always right..

  • Reply to

    Caller/question

    by catjorny31 Aug 6, 2015 7:59 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 10, 2015 6:43 PM Flag

    your missing the big picture again,,,The cash used came from dilution , until dilution was not an option , now the cash being used comes from the LOC ...Jones does not make money regardless of inventory or what ever else they buy ( skate boards , bumper sticker"s , Etc..) this is why you have been wrong for the last 8 years and I have been spot on.... low margin , negative Cash flow ..model ..Has been the death of Jones

    Reality check ...Jones is out of cash surviving on their LOC that is almost tapped out ,, Thats why jones will run out of cash to survive by the end of the year...per the 10Q

  • Reply to

    Caller/question

    by catjorny31 Aug 6, 2015 7:59 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 10, 2015 12:06 PM Flag

    Thats why You Have never been right in your calc"s because cash used is Cash Burned Because of jones low margin negative cash flow model,,,they are spending money they do not have and it is costing them alot of money ,, There is no new Money coming in to the cycle ,,unless it is borrowed or from dilution....Jones even tells you that in the 10Q ....with out dilution which is no longer an option Jones will run out of cash to survive in a few months ..it"s all in the 10Q

    Tick , tock

  • Reply to

    Caller/question

    by catjorny31 Aug 6, 2015 7:59 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 9, 2015 9:07 PM Flag

    Jones Does not make money on sales because of the low margins and operating expense , Jones is not cash flow positive , so when spending money on inventory that is not profitable IS BURNING CASH Thats why inventory level"s mean nothing ( CASH IN THE BANK is worth more then How much sugar water you bought that you can"t sell to make a profit ))....and wether it appears to you, that jones is not burning cash to the tune of 1Million dollars to date , The reality is they are burning cash that they do not have ....Jones even told you in the 10Q

    " Cash used in operations during the six months ended June 30, 2015 totaled $984,000 "

    And how much cash was generated in profits from spending 984k ( OR the 60 million to date )....Nothing , How much more sugar water can we build up in inventory to make a profit ,,,Doesn"t matter we do not make money on our sugar water ... But Doggy said were not burning cash if we invest in more sugar water ...when has doggy been right ? NEVER...

    Tick , tock

  • Reply to

    Caller/question

    by catjorny31 Aug 6, 2015 7:59 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 9, 2015 1:19 PM Flag

    Ap vs Ar = deficit of 387k ....The loan is what jones is surviving off ...Jones is burning cash at 500k per quarter ...1 million in the last 6 months burned ...at that rate of cash burn and no cash left , very little left on the LOC to draw off and payables 387k more then A/r ...is why Jones is telling you ,they will run out of cash to survive by the end of this year , and need to raise capital to survive ....and dilution is off the table , no one is interested in jones shares...

    If you read the 10Q Jones told you the loan was because of the exchange rate as production is now out of canada....comical

  • Reply to

    Caller/question

    by catjorny31 Aug 6, 2015 7:59 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 9, 2015 9:49 AM Flag

    YEA , I fully understand what your saying, The problem is that does not apply to Jones Financial situation, Jones is not cash flow positive , Continues to burn cash that They do not have ( 1 Million this year up to June ) ..The LOC is very expensive to borrow against Costing Jones over 1K aday and has to make minimum loan fee's Monthly ( Over 30K a month ) This is a FEE nothing goes back to the principle they borrowed ...The LOC is pretty much Tapped ....Account payables are much higher than A/R .....So there"s more to it than a text book example you are pointing out and this is why you have been wrong in the past ..

    The 113k Loss is not how much cash was burned as i pointed out above....

    Jones is surviving on their LOC which is TOXIC Financing and has Jones in a Financial Death Spiral ....

    Jones needs to dilute to raise capital to survive , just like in the past 8 years , The problem is Dilution is not an option , no one is willing to put up millions in exchange for shares that will be worthless ....THATS why the LOC was put in place....

    Jones Cash burn at 1 million in the first 6 months , and no Capital left and very little left on the LOC is why Jones will run out of cash to survive by the end of this year as Jones has stated in the 10Q....

  • Reply to

    10- Q out of cash by end of year

    by nuttierthansquirrellshiat Aug 8, 2015 10:44 AM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 8, 2015 9:44 PM Flag

    yes , they stated they have enough cash to last to the end of the year

    And need to raise Capital to survive ... why do you think the bean counter left Jones...There"s no more Bean"s to count ..

    where"s all the buyer"s ???? Do you think they are Clueless ???

    Don"t worry only 4 months left before it is all over...

  • Reply to

    10- Q out of cash by end of year

    by nuttierthansquirrellshiat Aug 8, 2015 10:44 AM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 8, 2015 2:14 PM Flag

    The statement was repeated because of dilution ALDE.. They raised capital to survive , No one is coming to save jones this time ... Intelligent people know that , thats why there"s no buying interest in the stock.....

  • Reply to

    Caller/question

    by catjorny31 Aug 6, 2015 7:59 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 8, 2015 1:49 PM Flag

    yes you are Clueless JWM... payables are much higher then A/R , so borrowing more money you can"t pay back because your margins are too low is why Doggy"s example is wrong and why JSDA has over 60 million in Accumulated deficits , and JSDA just told you they will run out of cash soon .....remember last quarter jones borrowed money and failed to repay it and borrowed more money as the bills keep coming in ....jones is in a Financial Death Spiral and no one will step in to save them because there is nothing left in the company , share holder equity continues to fall , now at 2.49 million...

    Tick , tock

  • Reply to

    10- Q out of cash by end of year

    by nuttierthansquirrellshiat Aug 8, 2015 10:44 AM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 8, 2015 10:46 AM Flag

    keep in mind that this report is at the end of June ...Jones is in worse shape now...

  • nuttierthansquirrellshiat by nuttierthansquirrellshiat Aug 8, 2015 10:44 AM Flag

    As of the date of this Report, we believe that our current cash and cash equivalents will be sufficient to meet our anticipated cash needs through December 31, 2015. Additionally, our Loan Facility (described below), is available for our working capital needs.
    We have a revolving secured credit facility (the “Loan Facility”) with CapitalSource Business Finance Group (previously known as BFI Business Finance). The Loan Facility allows us to borrow a maximum aggregate amount of up to $2.0 million based on eligible accounts receivable and inventory. As of June 30, 2015, our eligible borrowing base was approximately $1.0 million, of which we had drawn down $729,000 as of that date. We may use the Loan Facility for our working capital needs

  • Reply to

    Caller/question

    by catjorny31 Aug 6, 2015 7:59 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 8, 2015 10:35 AM Flag

    The Math is spot on , Doesn"t matter what you spend the 750 on or how you manipulate the numbers ,,,when your margins are 25% , your not going to make enough back to repay the loan ....even in your example your only making 187,500... who cares about inventory there"s little demand for it.....it"s all about the weak margin"s That"s the death of Jones Buisness .....

  • Reply to

    Caller/question

    by catjorny31 Aug 6, 2015 7:59 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 7, 2015 9:52 AM Flag

    Borrow 750k But need 2.25m to grow sales to pay back the loan ....thats for the thumbs down that doesn"t understand...

    Tick ,Tock

  • Reply to

    Caller/question

    by catjorny31 Aug 6, 2015 7:59 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 7, 2015 9:50 AM Flag

    Jones will be closing their doors soon ... Bank it Jones is surviving off their LOC and that will come to an end before next year....

    Tick , tock

  • Reply to

    Caller/question

    by catjorny31 Aug 6, 2015 7:59 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 6, 2015 11:24 PM Flag

    IF you borrow 750k it would take an additional 3 million in sales to repay that loan with 25% margins , The cost of goods on 3 million in sales is 2.25 million ...how are you going to grow ???

    Financial Death Spiral ...

    Tick , tock

  • Reply to

    exactly what i said would happen

    by netprophecy2 Aug 6, 2015 4:27 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Aug 6, 2015 7:30 PM Flag

    Out of cash , surviving on their LOC...Financial Death Spiral....

    Tick , tock

  • Reply to

    Looks like the B& A shows the MM

    by tlwatson59 Jul 31, 2015 10:13 AM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Jul 31, 2015 12:56 PM Flag

    your embarrassing yourself again and don"t even know it,,,

    Claiming there:s only one Market Maker ....you clearly have no clue what your looking at or talking about as usual...

  • Reply to

    I Warned you...

    by nuttierthansquirrellshiat Jul 30, 2015 12:25 PM
    nuttierthansquirrellshiat nuttierthansquirrellshiat Jul 30, 2015 2:02 PM Flag

    market cap is just under 15 million dumbo and share holder value is under 2 million and falling ,,, NET warn you that a failing company is about to close their doors but their stock is gonna go up...thats comical ...keep pumping

    Tick , tock

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