Guys read the darn filings. I'm trying to save you from a minimum 50% loss down to 10-12 cents
Between Hanover and the new $25 million covertible preferred you are looking at massive dilution.
It is hard to tell how severe but it's going to be in the multiple hundreds of millions of shares.
the stock will languish all year then they will do another reverse split next year and repeat the
process. Don't lose your money. There will be pops along the way but they are trading pops only.
If you get caught holding overnight then the next morning could be the day 5 million shares are dumped on the open market ! Do not hold this stock it is TOXIC !
by the time Hanover gets their $ and the other $25 million financing (in form of convertible preferred) is divested, which has to happen, NEWL stock will be worth I estimate .09-.14 cents. - and THEN they have to make a profit, because if they do not, they will R/S again next year, do another offering of stock (to expand fleet, bla bla)
pithant69, what you said is totally wrong. Yahoo and Softbank do not receive ANY zero nada profits from Alibaba operations. They are minority shareholders just like any other shareholder of a company. Unless the company is a limited partnership which distributes earnings equally among all unit holders (think K-1 filing) or a REIT, it does not automatically distribute earnings to shareholders. Yahoo partial ownership of Alibaba is passive. The only income Yahoo receives from Alibaba would be in the form of cash dividends, which Alibaba does not pay. Their value of investment may rise, however it may also fall. Just like any other shareholder.
Dope and Accounting leads to "errors". Don't be a #$%$.
Too late, you already are a #$%$.
the outstanding shares could double this summer if they need to raise funds
buying now is reckless. buying after the next Q and likely announcement of a share offering
is probably wise.
Combined co value 150 million (costly trials, big cash burn, etc) X .18 (ZLCS shareholders percentage)
= 27 million / 37 million ZLCS shs = .72 cents.
Everything is still very promising. But the only way is financing or acquisition. They are probably waiting to hear from FDA about re-classification to Class II instead of Class III. Class II is faster approval, may or may not require human trial, Class III is intense costly human trial (they could partner for it or pay via shelf offering after a big reverse split). The tech is proven and human trials are already accomplished successfully forradioactive seeds but they need trial for THIS particular device which is the best ever to be introduced, still it must be done
Either way they need money and if no new grants are forthcoming it's going to be via share toxic financing. Reverse Split is going to be needed whether that's before or after issuances is up to them. Probably is better to get it over with now and increase the O/S to 1-2 Billion, clear up most of the obligations (which will drive this to sub-penny), then R/S it by 1 for 200/300/500 .. Alternatively they could R/S now then do the issuances. I think it's better to get as much as possible done while still a penny stock so that the price decline is less visible. In other words it is better to see the stock fall from .03 to .003 (when very few people are paying attention) then R/S up to 5 or 10 dollars than to R/S up now and crush the stock after that (when people ARE watching). Look at the 10K it provides excellent detail on all their obligations and condition.
There is more than just bio-gel yttrium90 here, the cyclotron must be repaired so they can manufacture more isotopes and there is also that possible acquisition of the German co. This is a critical company to the welfare of people suffering from cancer, and it WORKS, the potential is 1000 bagger - AFTER they clean up this share liability mess and take care of funding the #$%$ solid footing for another cpl years.
Hanover can hold no more than 9.9% but they can sell as fast as they receive it. see the 6-K's keep updating the status. Soon there will be a clearer picture - the share count is updated in each 6-K. Anyway this can go on for months and months. It is difficult for the share price to appreciate in this pressure. Also see the PR on the $25 million Preferred Stock (CONVERTIBLE TO COMMON) deal. Think about how much $25 million is at 10-20 cents. I don't know yet but if I had to guess the co will end up with somewhere around 300-500m shares when this is all done between everything.
they haven't released the numbers of shares yet. You can blame only the company for withholding that info. it's in dollar terms but has not been released in share terms yet. Then of course how do you think the other 75% "financing" is being done ? guessed right. shares. the o/s count will be quite high. the stock will not be able to reverse split for another year and will be delisted to the OTC. guys if you sell now you're selling HIGH ! i might be interested 50% lower. we'll see.
yeah well you can be sure the insiders and the circle around them who matter know.
this stock has much further to drop. I may be there to buy for 2's
I suppose something will eventually happen, this Dallas R Evans is an accomplished businessman, just search him on the web. The company is clean with virtually no liabilities to speak of and also no assets, the little income is derived from consulting. It seems to be a shell company at this point. All speculation - if I were you I would try to speak with management they can tell you what their plans may be. good luck.
i wouldn't feel comfortable buying until we see new financial information here. The business without Titanic is not making profit, it is losing money and they are out of cash. The Titanic assets are restricted in some ways that make profitable ownership of them difficult, most likely a non-profit would own them and if there was any chance of them selling for over 100m the stock would not be here. No, more likely is that they can only be sold for maybe 50 million or drawn on as collateral for a loan. It's a mess bro.
Do any of you even bother to read SEC filings ? There is $44-$60 million in debt moving through Hanover, they have been selling issued shares as settlement. This company was bankrupt. Now they have bought two more ships with 75% of purchase price more debt. There are no shorts to speak of. And no, there is no reason for them to cover. When this is over and the company tells us exactly how many shares are outstanding after this share-collateral selling it's going to be a high number. They cannot do another reverse split for a full year after the previous one which only took place a month ago. This means the company has no chance of maintaining its listing. It will go to the OTCQB. Then next year they will probably do another reverse split to regain listing. That's probably when it's safe to buy, or maybe when it's on the bulletin board trading for about 10 cents, but not now. Please, if you cannot understand these financial transactions, consult a professional opinion.
Not bad huh ? Shareholders are paying for it. It's all on issued stock
that will be sold, this company is not worth more than a few million dollars and even all that is on mere speculation that the business can work, would work, and that bitcoin is not going to end or become so unpopular that this business will not survive.
Fact is, the office was paid for in stock. The company has no other money. Zero. Nada.
Single pennies are coming and I predict within 2 years time, it will be a shell and a totally different company other than Bitcoin Shop.