learning curve
9 years ago
Yes. Already included...so....no
The situation (dilution) has made it 100% impossible Negate dec 2015 financing....impossible to retrieve funds from all parties involved due to recent liquidity.
the funder is whole++++
The funder is safe from prosecution....monetarily relative
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Let's go backwards....
In 2017, if all goals are met the company should trade at 4* rev (estimates at ~45-50m =200m)....that's an if...but a very realistic if...... = June 2017 45m O/S; debt of $30m, cash $12m vs burn $4m/quarter (requires $20m funding); = $170m as market cap would wash debt vs equity dilution....$170m / 45m O/S = $4share (it's ludicrous I'm posting these members....solely due to dec 2015 funding round (40m shares), but I have too....liquidity changed it all (funder is liquid and whole)).
But....we are 5 Quaters away from scenario and liquidity did not exist....
50% haircut is still too steep....
$100-120 valuation offer is due....
A competitor will play just to push the envelope...
Non cash transaction could change the scenery
A timely retail sale could MOVE the market....
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On a personal note:
I am trying to comdence 20hrs of work in a week into 10. At a rate of $250 per hour with a liquid revolve of $10k
Right now i do 10hrs, but it is equivalent to 4hrs; and pays losses....
I won't see anybody on the other side.....As nobody .....has ....
Well; one of the most intriguing things I posted....freedom of speech has been misconstrued with free information....
It's sad, in a way I understand why.....but in many ways I don't.....I never abused information; I seeked....I was rarely led...mislead.....lol
Nsph $6.....then $11....lol....not
learning curve
9 years ago
Deep, good on you for getting paid!
Good trade. On both buy and sell.
Sad to say; but nobody has come along and said I'm not stupid....
My interpretation of this is: FB and TWTR and all social media is worthless....!!!!
I've come to this conclusion based on: I am human. One simple human with knowledge based on my own research....and not one person can demonstrate appreciation...even when I ask....not a single one....not one single one.
I would share more publicly, but the feedom of speech has finally been misconstrued for free information!
The mental capacity of individuals is shrinking and with the association of groups has amplified the results....completely opposite of what zuckerberg preaches!!!
I relate to a lost tooth more than momo, speculation (what is that anyway), or insight from free to speak individuals!
Talk soon my friend deep!
Imo, you should be writing jingles and making charlie look stupid!!!!
Ps. I said that how many years ago?!?!?!???
Imo, wait....people forget...don't think...who
Gives an "f" what Icahn thinks? Of course he thinks shorter term....he ain't going to live throughout another cycle.....anybody think he going to reinvest what cash he takes from table is stupid! Or he himself is stupid and plays for shit and giggle....its not like he lives to be 100!!!
I don't give value to anybody who values $ when they are OLD! Sorry bro....but I haven't heard of reincarnation in the matter of money anywhere at anytime!
All pullbacks of market can be associated with age...vs...wealth dispersion....
I see no benefit in having money.....only in spending it!!!!!
learning curve
9 years ago
Can you imagine if America was structured the way nsph buyout is?
Instead of 1 vote per person; you vote based on your wealth!
Lmnx was very clear (I don't blame them- they do not want to be involved in this share structure massacre), $1.35 per share cash. If NO warrants below strike don't exercise they will pay ~$40m and new company will have zero debt and zero cash on hand. Most recent NSPH funder will walk with $26m on their $10m investment (dec 22, 2015 funding). ..... However..... If ALL warrants exercise below strike...Lmnx will pay ~$48m and new company will have zero debt, but it will have $10m is cash; and the dec 22, 2015 funders will wall with $26m on their investment + another .65 per share on 20m shares (the difference between strike = .70 and buyout=1.35) which equals another $13m cash. That's a grand total of ~$39m return on a $10m investment in 5 months that absolutely favors the nsph Dec 2015 funders another 130%++! However it is only a $3m expense to Lmnx!!!! Retail = 1.35.
Most should see whew I am headed with this, but i will continue for those that don't....
Throw away the $1.35 cash per share. Call it $50m even (which is $8m below "pr references price for all O/S" of $58m). That inherently means nobody exercises warrants! The O/S drops to 30m shares which = $1.67 share (more mamagememt options were granted at 1.68 share in sept....they not included....). In this case dec 2015 funder gets $33.4m.
Retail = 1.67
.....the
Tricky....
Lmnx ManDates zero debt - place that on new company or require min warrants exercise; do not place that capital on the common!!!! Hence my initial sentence....if America were??!!??""
Then add loopholes.... Miss covenant by $300k resulting in 500k dilution, loss is access to capital for 12 months (which subsequently would have resulted in "no" financing in December 2015 ; which subsequently would reduce O/S buy 40m shares ((400% increase)) which would subsequently result in a ~$4-$6 pps!!!!) seriously a $300k covenant resulted in $10m delayed financing (which caused dec 2015 40m share dilution) which subsequently resulted in $1.35 share vs $4-$6 per share!!!!
Duh!!!