tag:blogger.com,1999:blog-7126131564610858851.post68280033553737740..comments2023-09-09T10:21:32.853-04:00Comments on The Hackensack: Vertical Branding: A Predictable FailureDaveinHackensackhttp://www.blogger.com/profile/01313169814904229272noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7126131564610858851.post-31416427824477480982009-10-14T10:34:22.939-04:002009-10-14T10:34:22.939-04:00Don't forget your commission, Peter. Your comm...Don't forget your commission, Peter. Your commission would cost you more than the shares themselves. And the empty soda can might have a higher residual value.DaveinHackensackhttps://www.blogger.com/profile/01313169814904229272noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-88567428122071382212009-10-14T10:09:49.653-04:002009-10-14T10:09:49.653-04:00As of 10am Eastern time on Wednesday morning, it&#...As of 10am Eastern time on Wednesday morning, it's selling for 1.5 cents per share. Instead of getting a Diet Pepsi from the soda machine down the corridor maybe I'll buy a thousand shares.<br /><br />PeterAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-59590701734105354302009-10-13T22:39:01.143-04:002009-10-13T22:39:01.143-04:00Good points, Gilead. Rawnoc is still pumping this ...Good points, Gilead. Rawnoc is still pumping this on I-Hub, saying there's still a chance shareholders will end up with something when the dust settles. How the caboose of the capital structure won't get wiped out when the company lost 11 cents per share last quarter I have no idea.DaveinHackensackhttps://www.blogger.com/profile/01313169814904229272noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-70884757618387310912009-10-13T20:30:13.024-04:002009-10-13T20:30:13.024-04:00These were my comments on VBDG 5/12/09
http://inve...These were my comments on VBDG 5/12/09<br />http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37763744&txt2find=<br /><br />I have been calling bankruptcy for some time as well<br /><br />Why bankruptcy is still in the cards <br /><br />Looks pretty simple really. They do get a 1 time guaranteed payment of 2.8 million over the course of the first year. After that there are no guarantees at all other than what would happen in year 4 if they decide to renew. Any revenue in years 2 to 3 is not clearly defined. <br /><br />They did this in exchange for basically their entire brick and mortar business. Looks like the company is going to be strictly infomercial going forward for a one year lump sum payment plus unspecified royalties. For vbdg unspecified = poor. <br /><br />One would think if it was meaningful the company would trumpet the numbers but instead they reference vague formulas. Its very possible year 2-3 revenue is trivial. <br /><br />Of the 3.6 million they get in year one they are obligated to spend 900k in advertising for P2F. That brings the total down to 2.7 million. Of whats left almost all of the money is required to pay the GSM note. <br /><br />Add on top of that losses in the march quarter that probably hit about 3 million dollars. Its likely book value hit a negative 10 million in the March quarter. Its safe to expect it was at least another million or so to date so figure a total hole of 11 million. 2.8 million doesn't even begin to make a dent in that. <br /><br />The company will continue to have no cash and with their brick and mortar business handed away for basically peanuts its hard to see where they are going to get any money for new products or even to pay off their existing debts. This token payment bought them a little time but not much else. <br /><br />When a company can't even pay their auditors the red flags resemble a Chinese parade. One might ask themselves where the audited filings are if this really fixes the companies financial problems. Audit expenses relative to millions are trivial. <br /><br />The answer is they sold off the only thing that was worth anything for a few million dollars to avoid immediate bankruptcy. The idea that anyone thinks this is good news is extremely surprising.gilead23https://www.blogger.com/profile/09523614705424989754noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-52521449186242880162009-10-13T18:37:25.297-04:002009-10-13T18:37:25.297-04:00Sorry for your losses, guys.
That's exactly ...Sorry for your losses, guys. <br /><br />That's exactly why investors need a site that minimizes the bull and highlights intelligent commentary. My company is about to launch one that does just that. Check back here soon for an announcement about that.DaveinHackensackhttps://www.blogger.com/profile/01313169814904229272noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-38975729747142181722009-10-13T18:31:20.844-04:002009-10-13T18:31:20.844-04:00wow I have been posting my consipracy theories for...wow I have been posting my consipracy theories for months but it fell on deaf ears. I was the only one who has been predicting this for the last few months but held onto my shares cause I couldn't find anyone else to validate my thoughts.<br /><br />EVERYONE was so bullish it swayed me to doubt my own theory and hold on.<br /><br />If you were not banned - just one other person agreeing with me - would have saved me. I would have sold and saved $$$$.Benhttp://investorshub.advfn.com/boards/read_msg.aspx?message_id=42476310noreply@blogger.comtag:blogger.com,1999:blog-7126131564610858851.post-66870344714020795692009-10-13T18:26:08.561-04:002009-10-13T18:26:08.561-04:00As a person who lost money in VBDG, I tip my cap t...As a person who lost money in VBDG, I tip my cap to your foresight:-) Nice job!Tednoreply@blogger.com