A student of the markets, I started trading in 2008. Always learning and improving my game, becoming more consistent everyday. I mostly trade penny stocks on OTCBB/PINK and TSX Venture. I also sell options in blue chip companies and biotech special events plays.
Former Nasdaq oil stock $ESCRQ stock is seeing some offer buyers slapping the ask today, possibly because of events in their bankruptcy court proceedings!
The stock is trading at a undervalued price of ~0.005 and in my opinion is offering a good risk/reward at these levels. Last year the stock spiked to $0.05 around Jan/Feb and it has the potential to be a 10 bagger investment trade.
Market Cap: 44,353 as of 02/20/2018
Outstanding Shares: 14,307,414 as of 02/19/2018
Float: extremely small float of 14M shares. https://www.marketwatch.com/investing/stock/escrq
Par Value: $0.10 per share!!!!
$SVSN majority owned Florida medical #marijuana clinic and #hemp company #MediCannaVision Inc., dba #CannaVision. http://cannavisionclinics.com #cannabis Extremely undervalued market cap $15.7M (imo)
Dr.M.Sheldon_Polsky_Signed-to-HeadUp-CannaVision’s-Bay-Pines-Medical-Cannabis-and-Pain-Management-Clinic in St Pete, Florida Press Release Jan 11 2018 https://www.otcmarkets.com/stock/SVSN/news/Dr–M–Sheldon-Polsky-Signed-to-Head-Up-CannaVision%E2%80%99s-Bay-Pines-Medical-Cannabis-and-Pain-Management-Clinic-in-St-Pete–Florida?id=180145&b=y
601 E. Charleston Boulevard Studio 100 Las Vegas, NV 89104
Phone: 818-326-6018 Fax: 818-304-0578
Dr. M. Sheldon Polsky Signed to Head Up CannaVision’s Bay Pines
Medical Cannabis and Pain Management Clinic in St Pete, Florida
LAS VEGAS, NEVADA (OTCMarkets-1/11/2018) StereoVision Entertainment, Inc.
(OTC PINK: SVSN), a publicly traded Nevada corporation announced today that
they’re marjority owned Florida medical cannabis and industrial hemp company
CannaVision has signed Dr. M. Sheldon Polsky M.D. to head up their next medical
marijuana and holistic pain management clinic at 9709 Bay Pines Boulevard St
“With our advocating for veterans use of medical marijuana, Dr Poksky, having
been honorably discharged from the Army and then retiring from the Air Force
Reserve as a Full Bird Colonel, is a terrific selection to head up our Bay Pines
Medical Cannabis and Holistic Pain Management Clnic,” said CannaVision’s Chief
Operating Officer, Steven Previch. “Actually, just a few years ago, Dr. Polsky was
a staff physian at the Bay Pine VA Medical Center across the street from our Bay
Pines clinic. During Dr. Polsky’s military service he was awarded the Army
Commnedation Medal and the Air Force Meritorious Service Medal. While, due to
the mistakes in the medical marijuana legislation made by the Florida legislature
that attorney John Morgan has filed a lawsuit to correct, and the bureaucratic red
tape that’s caused a slow start to patients applying for medical marijuana cards,
some medical marijuana clinics are closing. We’re staying true to our clinic’s core
mission of treating veterans and civilians with qualifying conditions such as
PTSD and opioid addiction from chronic pain, and cancer patients, with medical
marijuana. And we will be here for the expontial growth we believe is coming
when the bugs are worked out of the system. Going forward CannaVision Cinics
will also be expanding our variety of treatments for holistic pain management.”
StereoVision Entertainment Inc. http://stereovision.com HQ’d in Las Vegas, Nevada
StereoVision is a publicly traded Nevada corporation (OTC:SVSN) focused on
creating, acquiring, and producing multimedia content with its media
subsidiaries, the wholly owned 9 time Emmy Award-winning production company
REZN8, http://rezn8.com, the majority-owned family entertainment company,
Inspirational Vision Media, Inc. http://ivmi.biz, and the majority-owned medical
cannabis clinic and industrial hemp Florida C corporation MediCannaVision Inc.,
dba CannaVision. http://cannavisionclinics.com
Safe Harbor Statement: Except for historical information certain statements in
this news release may contain forward-looking information within the meaning of
601 E. Charleston Boulevard Studio 100 Las Vegas, NV 89104
Phone: 818-326-6018 Fax: 818-304-0578
Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934, and those statements are subject to the safe harbor
created by those rules. All statements, other than statements of fact, included in
this release, including, without limitation, statements regarding potential plans
and objectives of the Company, are forward-looking statements that involve risks
and uncertainties. There can be no assurance that such statements will prove to
be accurate and actual results and future events could differ materially from
those anticipated in such statements. The Company cautions that these forwardlooking
statements are qualified by other factors. The Company undertakes no
obligation to publicly update any statements in this release.
Contact: Steven Previch 305-972-1030 Steven@cannavisionclinics.com
Email Update from Jack Honour CEO/President!CannaVision dividend shares
OTC : SVSN
C 818-456-3858 http://stereovision.com
twitter.com – JackHonour1
linkedin.com – Jack Honour
On Tue, Jan 9, 2018 at 7:56 AM, xxxxxxxxxxxxx wrote:
> Good morning Jack,
> I’m just wondering if the company will be putting out a company update to the market anytime soon? ‘Tis the season? Do you have any updates for investors like me?
> Thanks again,
> On Fri, Sep 22, 2017 at 8:43 AM, Jack Honour <firstname.lastname@example.org> wrote:
>> Hi xxxxxxx, per the news release (http://www.marketwired.com/press-release/stereovision-extends-shareholder-record-date-special-dividend-cannavisions-pinksheets-svsn-2214397.htm) the CannaVision dividend shares will be distributed on a pro rata basis “upon an effective registration statement”. We have just funded the substantial cost of filing the S-1 with the SEC and I expect an effective registration statement is at least 120 days away. Regards, Jack Honour
>> Jack Honour
>> OTC : SVSN
>> O 818-326-6018 <(818)%20326-6018>
>> C 818-456-3858 <(818)%20456-3858>
>> j <email@example.com>firstname.lastname@example.org
>> twitter.com – JackHonour1
>> linkedin.com – Jack Honour
Notes to Condensed Consolidated Financial Statements
3. Real Estate Investments
During 2015 and 2016 we acquired two real estate properties, one located in Long Branch, NJ and the other in Flanders, NY.
5. Revolving Note
On August 7, 2015, we, as borrower, and Koala Holding LP (“Koala”), as lender, an affiliate of Carl C. Icahn, our controlling stockholder, entered into a revolving note (the “Prior Note”). Pursuant to the Prior Note, Koala made available to us a revolving loan facility of up to $10 million in aggregate principal amount. Borrowings under the Prior Note bore interest at a rate equal to the greater of the LIBOR rate plus 350 basis points, per annum, and 3.75%, per annum. The Prior Note also included a fee of 0.25%, per annum, on undrawn amounts and matured on the earliest of (i) December 31, 2017, (ii) the date on which any financing transaction, whether debt or equity, was consummated by us (or our successors and assigns) with net proceeds in an amount equal to or greater than $10 million, and (iii) at our option, a date selected by us that was earlier than December 31, 2017. Subject to the terms and conditions of the Prior Note, we could repay all or any portion of the amounts outstanding under the Prior Note at any time without premium or penalty, and any amounts so repaid would, until the maturity date, be available for re-borrowing. As collateral for the Prior Note, we pledged and granted to Koala a lien on our limited liability company interest in Voltari Real Estate Holding LLC (“Voltari Holding”). As of March 29, 2017, borrowings on this facility totaled $5.0 million.
On March 29, 2017, we and Koala amended and restated the Prior Note (the “Amended Note”). Pursuant to the Amended Note, Koala made available to the Company a revolving loan facility of up to $30 million in aggregate principal amount (the “Commitment”). The Company may, by written notice to Koala, request that the Commitment be increased (the “Increased Commitment”), provided that the aggregate amount of all borrowings, plus availability under the aggregate Increased Commitment, shall not exceed $80 million. Koala has no obligation to provide any Increased Commitment and may refuse to do so in its sole discretion. The Amended Note provides that the net proceeds thereunder in excess of $10 million will be used by the Company for the acquisition, improvement, development, modification, alteration, repair, maintenance, financing or leasing of real property, including any fees and expenses associated with such activities. Borrowings under the Amended Note will bear interest at a rate equal to the LIBOR Rate (as defined in the Amended Note) plus 200 basis points, per annum, subject to a maximum rate of interest of 3.75%, per annum. The Amended Note matures on the earliest of (i) December 31, 2020, (ii) the date on which any financing transaction, whether debt or equity, is consummated by the Company (or its successors and assigns) with net proceeds in an amount equal to or greater than $30 million, and (iii) at the Company’s option, a date selected by the Company that is earlier than December 31, 2020 (the “Maturity Date”). The Amended Note also allows the Company to, upon written notice to Koala not more than 60 days and not less than 30 days prior to the Maturity Date, request that Koala extend the Maturity Date to December 31, 2022. Koala may, in its sole discretion, agree to extend the Maturity Date by providing written notice to the Company on or before the date that is 20 days prior to the Maturity Date.
As of September 30, 2017, borrowings under the Amended Note equaled $5.5 million. The outstanding balance, including interest of $0.3 million, totaled $5.8 million.
As of September 30, 2017, our Series J preferred stock had an aggregate redemption value of approximately $55.4 million, including paid-in-kind dividends of $24.4 million and accrued dividends of $1.8 million. We recorded accretion associated with our Series J preferred stock of $0.7 million and $0.6 million for the nine months ended September 30, 2017 and 2016, respectively.
In connection with the closing of our rights offering on March 30, 2015 , entities affiliated with Mr. Carl C. Icahn, our largest shareholder, became the owner of approximately 52.3% of our common stock, which resulted in a change of control of the Company. This constituted a redemption event pursuant to the terms and conditions of the Series J preferred stock, and as a result each holder of shares of Series J preferred stock had the right to require the Company to redeem all or a portion of such holder’s shares of Series J preferred stock. Entities affiliated with Mr. Carl C. Icahn waived their option to redeem Series J preferred stock in connection with the change in control resulting from the completion of the rights offering that closed on March 30, 2015. On April 13, 2015, we redeemed 29,316 shares of Series J preferred stock for approximately $1.0 million in cash from holders not affiliated with Mr. Carl C. Icahn. Following the April 13, 2015 redemption of Series J preferred stock, entities affiliated with Mr. Carl C. Icahn became the owner of approximately 97.9% of our Series J preferred stock.
7. Liquidity and Capital Resources
Our principal needs for liquidity since we began executing our transformation plan in August, 2015, have been to fund operating losses, working capital requirements, capital expenditures, restructuring expenses, acquisitions and integration and debt service. Our principal sources of liquidity as of September 30, 2017, consisted of cash and cash equivalents of $0.6 million, and our ability to borrow on our Amended Note . See Note 5, Revolving Note, of our condensed consolidated financial statements for more information.
10. Subsequent Events
On October 11, 2017, the Warrants to purchase 1,014,958 shares of common stock, expired without any such Warrants being exercised.
Any future acquisitions are intended to be initially financed through borrowings available under our Amended Note (as defined herein) with Koala Holding LP (“Koala”).
Real Property Acquisitions —In connection with the execution of our transformation plan, on September 17, 2015, we acquired a real estate parcel in Long Branch, New Jersey. The property is subject to a triple net lease with JPMorgan Chase Bank, N.A. (“Chase”), the original term of which expires in June, 2020 (with two, five-year renewal options), pursuant to which Chase is responsible for the payment of basic rent as well as the payment of real estate taxes, maintenance costs, utilities, tenant’s insurance and other property related costs. Refer to http://investor.shareholder.com/jpmorganchase/sec.cfm for the financial statements of the tenant. The purchase price was approximately $3.63 million. As of September 30, 2017, the average annual rental income for the property over the remaining term of the original lease is approximately $203,000.
On May 18, 2016, we acquired a real estate parcel in Flanders, New York. The property is subject to a lease with 7-Eleven, Inc. (“7-Eleven”), the original term (the “Original Term”) of which expires in December 2029 (with four, five-year renewal options (the “Renewal Term,” and together with the Original Term, the “Term”)). During the Term, 7-Eleven is responsible for the payment of basic rent, as well as the payment of, subject to certain exceptions, real estate taxes, utilities, tenant’s insurance and other property related costs. The landlord is responsible for certain maintenance and repair costs. The purchase price was approximately $2.82 million. As of September 30, 2017, the average annual rental income for the property over the remaining Original Term is approximately $163,000.
Revenue for the nine months ended September 30, 2017 increased $61 thousand as a result of the addition of the Flanders property in May, 2016.
General and administrative, excluding depreciation
For the three months ended September 30, 2017, general and administrative expense, excluding depreciation, declined by approximately $0.3 million from the three months ended September 30, 2016, due to a:
– $0.1 million decrease in personnel costs; and
– $0.2 million decrease in various other administrative costs.
For the nine months ended September 30, 2017, general and administrative expense, excluding depreciation, declined by approximately $1.0 million from the nine months ended September 30, 2016, due to a:
– $0.4 million decrease in personnel costs, resulting from January 2016 staff reductions, as well as staff reductions in connection with our transformation plan;
– $0.5 million decrease in accounting, legal and professional fees resulting from the execution of our transformation plan and acquisition of the Flanders property and completion of our IRS audit; and
– $0.1 million reduction in various other administrative costs.
At the time of this news release today, LEXG has had a trading range of 0.0006 to 0.0009 with the VWAP of $0.00073 on 91,212,877 shares traded. So in today’s PR when the company announced reducing conversion discount by 50% and in consideration of the significant reduction in debt, each fund will receive two new warrants, which will have a conversion mechanism 300% and 400% above today’s market price! So a simple calculation would suggest that the conversion prices are equal to $0.0021 (0.0007 x 300%) and $0.0028 (0.0007 x 400%). What this tells me is that LEXG will need to trade at or above 0.0021 and 0.0028 in order for the debt holders to begin converting their debt into shares. At today’s market price of $0.0007, I think that we are in for a good ride to the upside! I have written about $LEXG in the past being a potential 10 bagger stock investment potential, and I still believe this to be true.
Here is the official PRESS RELEASE:
Lithium Exploration Group Announces 50% Reduction in Conversion Feature of Existing Debt Eliminating More Than Four Billion Shares of Dilution
Published: Aug 7, 2017 12:00 p.m. ET
PHOENIX, August 7, 2017 /PRNewswire via COMTEX/ — PHOENIX, August 7, 2017 /PRNewswire/
Lithium Exploration Group Inc. (USOTC: LEXG) announced today that it has come to terms with two major debt holders to restructure all of their convertible notes, reducing conversion discount by 50%. In consideration of the significant reduction in debt, each fund will receive two new warrants, which will have a conversion mechanism 300% and 400% above today’s market price. The collective view of the company and the debt holders is that Lithium Exploration Group is in a significantly better position than it has been in the past and the heavily dilutive terms of the debt were not sustainable for the company or its shareholders.
“This is exciting news and should show everyone the level of confidence that the debt holders have in the company’s current position,” commented CEO, Alex Walsh. “They have conceded a significant portion of their debt rights in return for warrants that produce a significant incentive to see long-term price appreciation in the LEXG security. This restructuring truly has all parties incentivized in the same direction and should show significant benefit to our existing shareholders for a long time to come.”
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on testing the Sonic Cavitation Ltd. technology and the acquisition of oil and gas related assets in the US and Canada. Lithium Exploration Group is traded on the OTC Markets under the symbol LEXG.
This news release contains “forward-looking statements”. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Rule No.1 is never lose money. Rule No.2 is never forget rule number one. Warren Buffett
I’m no genius, but I’m smart in spots, and I stay around those spots. Tom Watson
Whenever you find yourself on one side of the majority, it’s time to pause and reflect. Mark Twain
“Gambling promises the poor what property (or option selling) performs for the rich—something for nothing.” – George Bernard Shaw
“The only limits in your life are those that you set yourself.” – Celestine Chua
“I am convinced that life is 10% what happens to me and 90% of how I react to it.” – Chuck Swindoll
“I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.” – Warren Buffett
“Skate to where the puck is going.” — Wayne Gretzky
“I believe that the public wants to be led, to be instructed, to be told
what to do. They want reassurance. They will always move en masse,
a mob, a herd, a group, because people want the safety of human
company. They are afraid to stand alone.” – Jesse Livermore
“Risk comes from not knowing what you are doing” — Warren Buffet
“I just wait until there is money lying on the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, “I just lost my money, now I have to do something to make it back.” No you don’t. You should sit there until you find something. — Jim Rogers in Market Wizards
“Wide diversification is a hedge against your lack of knowledge.”
Some see things as they are and ask “Why?” I dream things that never were and ask, “Why Not?” — George Bernard Shaw
The Chinese character for wealth is composed of two symbols: a seashell (an ancient symbol of trade) and a symbol that literally translated means brilliance but implies the uniqueness that each of us has, in terms of a talent or ability. Wealth therefore comes from selling what is unique about you in terms of a product or just you as a person, although money itself is a mystery, whatever best expresses your brilliance will inevitably lead you to wealth, it will free you from poverty and give you a mindset that attracts abundance.
Source: Chin-Ning Chu – Thick Face, Black Heart The Asian Path to Thriving, Winning and Succeeding.
‘By Diligence and Perseverance The Mouse Eat The Cable In Two / Diligence Is The Mother Of Good Luck; And God Gives All Things To Industry.’ An Illustration based on Benjamin Franklin’s ‘Poor Richard’s Almanac,’ c. 1732. January 01, 1753 Licence
The one who follows the crowd will usually go no further than the crowd. Those who walk alone are likely to find themselves in places no one has ever been before. Albert Einstein
$LOCMQ Bankruptcy Case Closed – DISMISSED!https://www.pacermonitor.com/public/case/8549734/Local_Corporation,_a_Delaware_corporation
Wednesday, May 24, 2017
619 court Close Bankruptcy Case Wed 3:04 PM
Bankruptcy Case Closed – DISMISSED. An Order dismissing the above referenced case was entered and notice was provided to parties in interest. Since it appears that no further matters are required that this case remain open, or that the jurisdiction of this Court continue, it is ordered that the case is closed. (Daniels, Sally)
Related: [-] 1 Voluntary Petition (Chapter 11) filed by Debtor Local Corporation, a Delaware corporation,20 Meeting of Creditors Chapter 11 & 12,122 Notice filed by Debtor Local Corporation, a Delaware corporation, 153 Hearing (Bk Motion) Set,156 Notice of Hearing filed by Creditor Fast Pay Partners, LLC,213 Transcript,306 Motion to Disallow Claims filed by Debtor Local Corporation, a Delaware corporation,310 Motion to Disallow Claims filed by Debtor Local Corporation, a Delaware corporation,322 Motion to Disallow Claims filed by Debtor Local Corporation, a Delaware corporation,340 Motion to Disallow Claims filed by Debtor Local Corporation, a Delaware corporation, 351 Hearing (Bk Other) Set, 362 Hearing (Bk Other) Continued,386 Transcript, 392 Hearing (Adv Other) Continued, 394 Hearing (Bk Other) Continued, 547 Hearing (Adv Other) Continued, 591 Hearing (Bk Other) Continued, 592 Hearing (Bk Other) Continued, 614 Hearing (Bk Other) Continued
Clean Seed is at the forefront of an agricultural shift to unparalleled high definition seeding technologies. Clean Seed has developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems. Our most recent ground breaking achievement is also our most advanced and innovative to date: the award winning CX-6 SMART Seeder(TM), which is an industry first!
The ground-breaking CX-6 SMART Seeder(TM) creates a new niche within the large-scale farm equipment market.
The document image seen below is showing 13 investors who have purchased a total of 3.4 million common shares at a price of $0.30, for a total investment amount of $1,032,500.70.
Also check out this article: How Clean Seed’s Wireless Smart Seeder is Set to Disrupt Agriculture. Posted on MARCH 13, 2017 by LOUISA BURWOOD-TAYLOR
Fundamental Research Corp maintains their BUY rating and fair value estimate of $1.90 per share.
View their full research report here: http://www.cleanseedcapital.com/files/analystcoverage/reports/fundamental-research-corp-research-report-clean-seed-capital-group-csx-march-2017.pdf
Clean Seed Capital
New Report Maintains
Investment from New U.S. Distributor / Targeting Australia
Fundamental Research Corp – Report Highlights:
We maintain our BUY rating and fair value estimate of $1.90 per share.
Clean Seed Capital Group Ltd. (“company”, “CSX”) announced last month that it entered into a distribution agreement with a Montana, U.S. based distributor of agricultural equipment to demonstrate and market the company’s CX-6 SMART Seeder.
CSX and the U.S. distributor intend to finalize their distribution plans and set-up a demonstration program in the fall.
In our initiating report in November 2016, we had mentioned that a distribution arrangement in the U.S. would be one of the key catalysts for CSX’s shares in 2017. Shares are up 26% since we initiated coverage.
Made significant additions to its management team and advisory board since the beginning of the year, providing a strong signal to the market that management is gearing up for a strong 2017.
Announced the closing of a $1.03 million financing by issuing 3.44 million shares at $0.30 per share. The new distributor and advisory board members were key subscribers.
We believe Clean Seed’s technology will be highly attractive for M&A opportunities once sales ramp up and the market gets to see users’ feedback on the CX-6 Smart Seeder.
*see back of report for rating and risk definitions
About Clean Seed:
We have developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems.
Our most advanced and innovative technology is the CX-6 SMART Seeder™, a true industry first. The CX-6 SMART Seeder™ is the next generation of seeding technology that creates a new niche within the large-scale farm markets, and as the creators of this technology, we are uniquely positioned to dominate this new market niche.
Recent news from the company:
February 23, 2017 – 9:00 AM EST
Clean Seed Capital Group (TSXV: CSX) Enters the United States Market Through New Strategic Alliance and Closure of Associated Investment
February 23, 2017 / TheNewswire / Vancouver, British Columbia – Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) has entered into a distribution partnership agreement with Torgerson’s LLC (“Togerson’s”) to bring its CX-6 SMART Seeder(TM) technology to the United States through 1) an exclusive dealership arrangement for Montana and North West Dakota 2) the creation of a CX-6 SMART Seeder(TM) demonstration centre and 3) providing a base for further expansion into other key US markets.
Torgerson’s is a respected family owned and operated business first established in Ethridge, Montana in 1912. Torgerson’s has grown into a 4th generation farm implement dealer with 8 locations throughout the farming belt of Montana. Montana annually plants 20 million acres of crop for commercial production across 28,000 farms. It ranks 1st in the US in dry peas and lentil production, 2nd in the production of barley, and third in wheat production. The annual value of the major crops grown in Montana is $2.2 billion US.
The Company is working with Torgerson’s to finalize its distribution plans and to set-up a demonstration program planned for the fall of 2017 and beyond. As part of the dealership agreement, Torgerson’s will be purchasing CX-6 SMART Seeder(TM) units to be used for its customer demonstration programs. Torgerson’s operates a 12,000 acre family farm which will host the Clean Seed demonstrations.
In parallel with entering into the agreement with Torgerson’s, the Company has closed a non-brokered private placement for 3,441,669 common shares (“Shares”) of the Company at a price of $0.30 per Share, for gross proceeds of CDN $1,032,500.70 (the “Offering”) to facilitate its expansion plans into the United States and ongoing operations in Canada. Both Torgerson’s and the Company’s recent appointments are strategic participants in the associated investment. There were no finders’ fees associated with the private placement. All Shares to be issued pursuant to the Offering will be subject to a regulatory hold period of four months and a day in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws, and such other further restrictions as may apply under foreign securities laws.
Graeme Lempriere, CEO of Clean Seed, stated “I would like to welcome the Torgerson family to our growing roster of collaborative partners and investors. This 4th generation family-owned, Case IH farm equipment dealer is a strategic entry point into the United States for our organization. The Torgerson’s family values and ethical footing have cemented them as a respected leading dealer network in the region. Their commitment to our program for the CX-6 SMART Seeder(TM), in both financial and operational aspects, is greatly valued and synergistically dovetails with our Canadian distribution partner, Rocky Mountain Equipment.
As the world’s attention becomes ever more focused on feeding a growing population, enormous amounts of investment are flowing into agriculture, propelling a technological evolution. Clean Seed takes enormous pride in playing a historic catalytic role.
We predicted that one of the powerful keys necessary to unlock significant progress in precision agriculture would be absolute, precision driven seeding technologies that plant inputs accurately to the square foot. We accomplished just that by designing, patenting and developing the award winning CX-6 SMART Seeder(TM), the world’s most advanced seeding technology. The evolution of this technology has been made possible by attracting industry experts and collaborative partners. We look forward to working with our latest partner, Torgerson’s, to advance our technology awareness initiatives and to launch our equipment in the USA!”
Brion Torgerson, CEO of Torgerson’s, stated “We are excited to partner with Clean Seed! Clean Seed’s technologies are the future of farming and is a great partner for our company in driving innovation in crop production. Since 1912 we have been committed to bringing the best technologies to our customers and incorporating those technologies into their practice. With the addition of the CX-6 SMART Seeder, the future of farming will be at Torgerson’s!”
ON BEHALF OF THE BOARD
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The common shares of Clean Seed Capital Group Ltd. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
This news release includes certain “forward-looking statements” as defined under applicable Canadian securities legislation. Forward-looking statements herein include, but are not limited to, statements with respect to the future manufacture and sale of equipment. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, there is no assurance the manufacturing and sales targets outlined herein will be met; and readers should not place undue reliance on forward-looking statements. Clean Seed disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Copyright (c) 2017 TheNewswire – All rights reserved.
Source: TheNewsWire (February 23, 2017 – 9:00 AM EST)
I have been keeping my eyes on the MOS stock chart from day to day. If you look at the daily chart you can see a very wide range from top to bottom. The buyers have held the support in the lower range, and I’m sure the recent positive Q316 earnings also helped it. The company has also been upgraded to Buy from CLSA.
Now if you consider that the daily chart has proven good buyer support, and now take into consideration the MOS seasonal chart, you will see why I am looking to put on some bullish trades and investment in this company.
After Hours Quote: $ 1.38 -$6.96 (-83.45%) due to news. Obviously “bad news” ….. i guess… as per the market’s reaction, but for the stock to drop 87% ?!? I bought some shares at $1.35 in after hours market. Trading in the stock closed at $8.34 today in regular hours and closed at $1.40 after hours.
All-time data, monthly chart below. Note the 52 Week Range: $4.075 to $10.70.
CLICK ON THE IMAGES BELOW TO VIEW FULL SIZE RESOLUTION!
Below is a 1 year daily chart where you can see the drop from $8.34 down to $1.40. I also have plotted the option implied volatility which you can plainly see a run-up from mid July 2016 95% to current date Sept 15 where it peaked at 248%. The higher the implied volatility, the higher the cost of the options. I also added the option open interest which plots the call and put open interest in the $NVAX options market.
In addition, here is the historical and implied volatility from the OIC.
Today there was a total of 18,524 options that were traded before $NVAX distributed their news. A total of 9,435 calls vs 9,089 puts making the put/call ratio a balanced 0.963. The majority of today’s options volume came from the October expiration, and secondly the September contract.
An interesting point I will make is that it looks as if the NVAX market was not expecting the stock price to drop this far! If you notice there is hardly any options traded below the $4 strike PUT contract, in other words nobody was interested in buying downside protection or insurance in fear of a downside move in the stock price. I’ve outlined a red rectangle around the option strikes that had the most trading activity today to make it easier to follow. Basically you can see that nobody thought NVAX was going to plunge the way it did today.
Below is the NVAX option time & sales showing the largest option trades that occurred today, along with the last 15 minutes of option trades before the close.
The final chart is a 3 minute chart plotting the after hours trading activity.