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From: kcprinters (Rep: 679) reply to kcprintersDate: 01/03/2018 15:33
Forum: Pinks and BB - Msg #124180Thread #673970726 (Rec: 0)
Re: this is what I came up with for my 15 bagger of the year MJ play - there ...once a dog always a dog....sold out flat as its still trading heavy and CEO doesn't seem to have a clue. Watching, but just couldn't swing this one - trades/scalps only


DISCLAIMER What I post is an opinion only, by no means a professional opinion! I choose to put an emphasis on fundamentals, and even if something screams a buy, I've learned that the stock may not move just because the fundamentals say it's undervalued. If I post about a stock, it doesn't necessarily mean I hold shares - I often like to just discuss plays for the sake of conversation. This is a forum of discussion...for ideas - do you own DD and take responsibility for own trades.

Reply to kcprinters - Msg #124043 - 12/30/2017 20:32

Re: this is what I came up with for my 15 bagger of the year MJ play - there are ...revisited this one - while my timing sure as heck was off and I underestimated how brutal the toxic notes would be, I feel they are pretty much wrapped up (for now). This is still around a 1m cap, now have an activated marketplace live as promised (and a general glance looks pretty good), and also has a billionaire coca-cola heir also promoting the site. I think the weekend buzz will really get it rolling.

Many think the filing just out was a new note and I thought it was a renegotiation of an old note, but re-reading again, I missed 'future funding' so I think its nothing new, but just setting the rules moving ahead at more favorable terms for shareholder/company.

There are still a few things I don't understand about them - some assume all of them convert after 180 days, but I see some actually have the 180 days written in to them. The one coming up of concern though:

On July 5, 2017, the Company executed a convertible promissory note for $50,000 with an OID of $7,500. The loan bears interest at 9% per annum and is due on June 26, 2018. The lender has the right to convert the principal amount and unpaid interest of the loan at a rate of 58% of the average of the lowest trading price during the prior 15 days of conversion. This loan has prepayment penalties.

does not mention the 180 day clause, so it isn't clear if that may be coming January 5 - if it does, I assume that will mean 15-20m shares to go through. We just did 40m Friday so it can absorb that easy - that is obviously the key thou - buyers matching dilution rate.

So lots of issues, but I expect a big push next week at least. After that, have to see how it plays out, but watch T/S carefully and protect to the downside.
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