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Emmis Communications Corp. Message Board

peter_norths_proctologist 237 posts  |  Last Activity: 1 hour 4 minutes ago Member since: Feb 15, 2002
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  • peter_norths_proctologist by peter_norths_proctologist 1 hour 4 minutes ago Flag

    From today's Schedule 14C filed with SEC:

    "Including the common and preferred shares, Neil Fallon possesses the combined voting power of 118,189,639 shares of common stock, which is equal to 84.2% of the voting power of the common and Series A Preferred stock."

    "Including the common and preferred shares, Julie Anderson possesses the combined voting power of 14,231,236 shares of common stock, which is equal to 10.1% of the voting power of the common and Series A Preferred stock."

    Wall St. Fund managers won't take this stock seriously without any real voting rights. Retail investors won't care about the lack of common representation, but don't expect any big institutional support in the long term.

  • Reply to

    Easy $3-4 PPS over the next year...

    by neelsen01 May 23, 2016 11:46 PM
    peter_norths_proctologist peter_norths_proctologist 21 hours ago Flag

    Read the article. The author repeatedly uses "Xing" as a euphemism for New Age in its entirety.

    "The combined companies believe the partnership will quickly realize about $7.5 million in combined cost savings and revenue expansion in the next 12 to 18 months, with Xing’s sales force driving Bucha through its broader distribution profile, according to Willis."

    As for Xing, “We’ll have a good partner who can help us strategically,” said Tom Lebon. “It gives us the money to start doing marketing and the things we haven’t been able to do out there.”

    "The Lebons have been shopping Xing for the past few years, looking for a way to buy out Carney, an aging co-founder of Pizza Hut who financed the brand’s early growth. Xing is sold in 40 states and internationally, with retail information firm IRI showing sales of close to $14 million in the 52-week period ending Jan. 24, 2016 (those sales totals cover Supermarkets, Drugstores, Mass Market Retailers, Convenience Stores, Military Commissaries and Select Dollar and Club Chains)."

  • Reply to

    Easy $3-4 PPS over the next year...

    by neelsen01 May 23, 2016 11:46 PM
    peter_norths_proctologist peter_norths_proctologist 22 hours ago Flag

    "Combined sales isn't $16 million plus $7.5 million. It's $50 million plus $7.5 million."

    This is in dispute. The New Age Facebook page has a link to an article in which the CEO states 2015 revenue as $16 million plus $7.5 million synergies. This company can't even get the story straight. Sheesh.

  • Very fishy indeed! I think I will send the SEC a note to look into this activity. So obvious it's laughable.

  • peter_norths_proctologist peter_norths_proctologist 22 hours ago Flag

    "...a jump from 15 million to 25 million O/S is not a 20-fold increase."

    No, but 50+% dilution is huge by any standard. The 20-fold increase refers to the size of revenues.

    "...At $2.00 a share, the stock would be dirt cheap at 1X sales."

    There is a discrepency here. If you go to the New Age Facebook page, there is a link to an article yesterday in which the CEO says the added revenue + synergies would total around $23 million. And yet the press release by ABRW claims that New Age is a "50 million dollar company". So you have to ask yourself what metric are they using to arrive at $50 million? I don't think it's revenue. And assuming $23 million is the accurate revenue number, then a $2.00 share price would equate to 2x sales, which is getting very pricey for a micro-cap OTCBB stock loaded down with huge debt. Stop trying to value this company like an S&P 500 company, because it's not.

  • Reply to

    New Age brings $14M in sales with $3M cash flow...

    by neelsen01 May 23, 2016 11:32 PM
    peter_norths_proctologist peter_norths_proctologist 23 hours ago Flag

    We'll have to wait and see how much bank debt they've been carrying. Good thing they are forced to report accurate financials on the combined company to the SEC, otherwise investors would be completely in the dark. In the meantime enjoy the hype.

  • Reply to

    New Age brings $14M in sales with $3M cash flow...

    by neelsen01 May 23, 2016 11:32 PM
    peter_norths_proctologist peter_norths_proctologist May 24, 2016 12:05 AM Flag

    How much old debt will ABRW assume from the dinosaur company? $20 million? $40 million? Give me a number. You don't really believe ABRW bought that company for peanuts unless it came with a boat load of debt, do you?

  • Reply to

    Easy $3-4 PPS over the next year...

    by neelsen01 May 23, 2016 11:46 PM
    peter_norths_proctologist peter_norths_proctologist May 23, 2016 11:59 PM Flag

    Did you factor in the amount of debt that comes with the acquisition? ABRW takes control of their debt as well as revenues. But nobody wants to talk about that, and you won't find that number in the press release because it must be HUGE!

  • peter_norths_proctologist peter_norths_proctologist May 23, 2016 11:07 PM Flag

    Yeah, he bought a company 20 times the size of ABRW, and in doing so, he dilutes the so-called "hyper-growth" by 20 fold. Now you're stuck with a large dinosaur with stagnant top-line growth that masks any Bucha growth. Even if Bucha grows sales 500%, it will be a meaningless drop in the larger bucket when you take into account the massive share dilution and mega debt.

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

    I listened very carefully to the conference call. And therein lies the problem. The CEO was very clear that the only way he would agree to lead another beverage company was if it was in a hyper-growth space such as Kombucha. And here it is a month later, and the first thing he does is go out and acquire a LARGER company that only sells beverages in slow growing markets. That is a red flag my friend. The CEO's motives for signing on to lead ABRW are no longer valid. Heck, he even changed the name of the company to Bucha. And now three weeks later they change the name again to accommodate all the new slow growing brands in the portfolio. Talk about lol! This guy is riot. Don't be surprised if he sells off the Bucha brand in a few months when he realizes it will not gain traction on a national level. It is strictly a west coast fad. And this quick acquisition indicates he understands the mistake. Now if only he would tell the truth to investors. Don't hold your breath.

    Sentiment: Strong Sell

  • peter_norths_proctologist by peter_norths_proctologist May 23, 2016 5:18 PM Flag

    Bad news. Say goodbye to all that hyper-growth that the new CEO was bragging about. He just watered down the fastest growing drink category (Kombucha) by adding two dinosaurs (tea and water). Nice going. Lol!! Sell at the top now before stock goes back to $.40 range.

    "The Kombucha category is a $529 million segment growing at around 40% per year. RTD tea is now a $6.6 billion category in the US alone growing at 3.6%, and Functional Waters is a $17.2 billion segment growing at 11.5% per year".

    Sentiment: Strong Sell

  • Reply to

    Get ready for the teens

    by peter_norths_proctologist Feb 9, 2016 9:43 AM
    peter_norths_proctologist peter_norths_proctologist May 20, 2016 10:12 AM Flag

    "You look silly"

    Yeah, and you look broke. Lol!!

  • peter_norths_proctologist peter_norths_proctologist May 20, 2016 10:09 AM Flag

    Update: congratulations to everybody who sold above $0.20. I told you on Feb. 5 that nothing has changed. They just put out a repeat of the original PR that announced that same SDI contract from 2015. There was no justification for the pop in price. There was still No funding announced. It's a shame that people lack critical reading skills. Oh well.

  • peter_norths_proctologist by peter_norths_proctologist May 19, 2016 10:09 AM Flag

    Poor guy doesn't even show his face around here anymore. Can you blame him? It's not easy polishing a turd for a whole year with nothing to show for it.

  • peter_norths_proctologist by peter_norths_proctologist May 19, 2016 10:06 AM Flag

    15 cents!

    Not a penny more. But could go a lot lower than $.15

    Gomes doesn't have a clue what he's talking about. How's his risk/reward scenario been working out for you since he told you to buy this POS last year above $.40? Lol! Beach squatter got taken for another ride buy his guru Gomes. I love it!

  • peter_norths_proctologist peter_norths_proctologist May 17, 2016 8:48 PM Flag

    Wow, that was one prophetic call by me! Congrats to my wise listeners. Again, just the cold hard facts. No BS pie in the sky pumps like you get from Gomes.

  • peter_norths_proctologist by peter_norths_proctologist May 17, 2016 8:28 PM Flag

    "...my contacts tell me that funding has been in ongoing talks for some time, but couldn't be closed before the definitive terms were laid out. That has now happened. Based on the discussions I've had over the past few hours, I believe the odds favor the funding taking place within the next couple months, enabling the project to start in Q2 as discussed in the press release. If so, I also believe that my financial model will play out to an extent, leading to a significantly higher share price in the months ahead."

    My comments:
    Gomes wrote the above propaganda more than three months ago on a public website. Since then, the stock has outright collapsed. Secondly, what exactly makes Gomes a good judge of the odds relating to the occurrence of an event? Gomes has been wrong on predicting odds of events virtually every time since he started recommending stocks at PTT Research. But now all of a sudden he has gotten good at handicapping? What a joke.

  • Reply to

    Hopefully the start of run to 41

    by gregscherr May 13, 2016 12:27 AM
    peter_norths_proctologist peter_norths_proctologist May 17, 2016 4:37 PM Flag

    Tisk, tisk. Poor little beach squatter is getting upset because this stock is down over 50% since Mark Gomes whispered visions of gold and rainbows in his ear. Now he wants to take his rage out on me, because he can't come to terms with the reality that he got suckered by his internet guru. Yes, what we have here folks is a clear case of misdirected rage. If only Mr. Beach Squatter had listened to me from the beginning, he could have saved himself a world of pain (and more to come).

  • Reply to

    Hopefully the start of run to 41

    by gregscherr May 13, 2016 12:27 AM
    peter_norths_proctologist peter_norths_proctologist May 16, 2016 2:55 PM Flag

    Hey beachbum, everything I post is fact. There are no gray areas. I simply state the historical truth. So if you can't handle the truth, maybe you don't belong in this business. Unless of course your business is working for a boiler room website that pumps and dumps gray sheet stocks like ITMSF. Lol!

  • Reply to

    Hopefully the start of run to 41

    by gregscherr May 13, 2016 12:27 AM
    peter_norths_proctologist peter_norths_proctologist May 16, 2016 5:27 AM Flag

    #2 -- Last year, Gomes said the company would not need to take on additional debt because the SDI contract was coming soon, and the upfront payments would offset their operating costs and pay down their existing debt. In fact, the opposite has happened. The company is still operating in the red and in fact they had take on a lot more debt since Gomes made that terrible call. The recent $5 million in added debt caught Gomes totally by surprise, and he just sweeps it under the rug as if nothing happened. Meanwhile, his initial value proposition has been degraded substantially, and he acts as if everything is going as planned. Sorry, it's not.

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