He didn't buy the shares.....it was a severly discounted grant to him for money he loaned the company.
Thank you for posting this. It thoroughly explains things.
I wish Kyle would explain these things to his shareholders instead of letting us speculate. Good management would do that for it's owners .
When assets are down $20 million from 2014 , liabilities and sales remained essentially the same in 2015...the cash is going to buy businesses that really underperform. Kyle's mantra during his proxy fight was the company should be buying back shares. Once installed as CEO, very little repurchased shares ...almost like he saw why BTN couldn't afford it. This stock has become a value trap. In fact it's been that was for a few years.
this is just not true...sorry to burst your bubble...try reading the filings. You may pick up a thing or two.
The "purchase" at .20 and the "purchases" at .02 were not open market buys no matter how much you persist in trying to convince others. If you take the time to read filings you would see this. So you are wrong on this like you have been wrong on everything else.
Just an honest conversation.
Ask yourself why a former US Ambassador is involved in this penny stock and countless others. Certainly not as an investment vehicle.
Ask yourself why this massive dilution game appears in most of the stocks the Ambassador gets involved in, after getting himself on the BOD.
I think "substantial" revenue streams is overstating things. Substantial defines how much stock they have issued over the past year. Practically all their revenue now comes from their vape business. And it will be interesting to see how much write offs there will be in that business given the stumbles that occurred launching their new product last Sept/Oct....after promising a product for five years.
Stockholders will not see any of the rewards solely because of the amount of shares that have been issued to toxic holders. The business is being kept alive so management can continue to collect paychecks in lieu of share appreciation.
That's the sad reality.
The problem is the Notis (Medbox) is not growing marijuana on their Pueblo, CO farm, only hemp. And if they started growing MJ, how do you get the stuff across state lines which is a felony right now?
For arguments sake, lets say Suncanna produces 1000 lbs per month (250 lbs per week based upon the 3/1 PR) and sells at it $900/lb. That was equal $900,000 per month. If costs are $300/lb, then the gross margin is $600/lb or $600,000 per month. I think TURV management said they get about 50% of the gross margin in the form of rental payments and administrative fees.. Therefore TURV should be booking about $300,000 per month revenue from this harvest operation at current production levels.
Lets see if 1) TURV's actual numbers matches all the estimates they have told their shareholders and 2) how long it takes for Suncanna to convert the crop to cash and pay TURV .
TURV/GrowCo should be making tons of money for the foreseeable future based upon these figures.. Which should give them the necessary capital funds to use to build more greenhouses without the need to go to investors to borrow funds.
I tried to engage with you honestly and you pull the same cr*p that you do with others on this board. You must be the same MG25 on another Medbox board. Same shenanigans. You are a coward.
But the company is stressing on it's own videos that $900/lb will be their market price. So unless they have grossly underestimated their quality or they unnecessarily priced in too aggressive a discount to market, your scenario could pan out but I think their goal was to shock the market price and take share cause their costs were so low.
Guess we will see.
Should be a license to print money. Hopefully they can deliver on their promises and overhead doesn't eat up too much of the profits.
How are you figuring $20 million per year? The first harvest week gross was $150K. Even if they get to $200K per week with more plants that still only translates to less than $10 million(and that is assuming there is a crop per week). The yield will have to go up substantially from the company's reported 1.0 -1.25 lbs per plant to get tour figure.
Try not to get over excited.
Competition in the pizza business is just way too tough. No barrier to entry. Customer loyalty is hard to maintain. And with minimum wage rates set to increase, pizza prices will have to increase as well. Larger chains can absorb the wage increases longer than P5 stores. But Rave continues to pump out the dumb fluff PR's Stock should continue to drift lower as this is really a value trap, not a growth company.
Volume is increasing which means more speculators...figure when you see blowout volume a huge reversal will follow....guessing 200,000 shares maybe blowout volume for this stock...half the float (that we know of).
Now the related party transactions begin. First it was spinning off Growco from Two Rivers. Then Suncanna and Two Rivers become essentially 50/50 partners on the greenhouses. Then Suncanna sells itself to CEO of Two Rivers and it's own operations manager. So Suncanna's 50% share stays with them, I wonder want the incentive is not to fudge the the GrowCo/Two Rivers share since they control how the results are made.
They have a public company and now a private company that shares in the revenue and profits. Guess which one will see the lions share of the cash? JMO.
Regretfully nothing has changed at Pizza Inn except for the name and the number of meaningless PR's. How many CEO's have there been over the past 10 years? Each one tries something different yet the result is always the same. Decent first year sales, then continuous YOY same stores sale declines. The only people making money are the CEO's with their inflated compensation package. And the only way to pay for that is to continually sell franchises that wind up cannibalizing each other.
I have followed and was invested with this company since Schwarz got involved almost a decade ago. It took them years to get Pizza Inn turned around just to reach breakeven point and from there it is has just
stagnated. Got out in the 9 area on it's way up in 2013 so by no means did I get out on top.
The P5 concept was then born and the initial excitement over relatively inexpensive free standing stores goosed the stock price. Then the company actually had to execute on it's plans. It's hasn't really done a good job. When average weekly sales YOY are declining 8% that is a bad trend. And that was higher than the previous Q comp of 5%.
The name change was intended to reinvent the company's identity from an old concept to a new concept. However this stock has become a "buy on the rumor, sell on the news" stock. Wage pressure and raw material costs will outpace price increases and the ability to stay competitive will hurt margins in a big way.
The only thing P5 seems to be concerned with now is to try to get as many new locations open in order to show increases in system wide revenue quarter after quarter. What happens after those stores open is the franchisee's problem.
I think a slow slide to the 3 area is in the cards as the company continues to disappoint I think they just overestimated the potential performance of P5..
This a completely out of left field announcement. Kobex has been engaged in a proxy battle with another company trying to take it over. Why the &*(^$ BTN is sticking it's nose into this arena is baffling..a Canadian natural resource play, even if it's been promised to be a slam dunk.
This move from a company that is afraid to purchase it's own shares on the open market is a total crapshoot. But you have to figure that someone knows something or else BTN is going to get sued to the point of extinction.
Suncanna latest week is 400 lbs production....they believe it will settle in at 300 lbs over he coming weeks....price is now being offered at 25% discount to market rate in order to gain share.
Don't know what current market rates are. Have the come down from $1800/lb or was the $900/lb that Suncanna has been promoting all of sudden gotten 25% higher?
Again, hopefully this translates into profits for shareholders and not just executives. Stock price sure doesn't seem to reflect good news yet.
Sentiment: Strong Buy