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Kyoto2008 Elite	11-Aug-2015 23:32        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thought I saw on Thomson Reuters strong qoq revenue growth, but could be wrong, hehee.      Too much study of numbers make one unsteady, spinning top.    Anyway not in, and I be cash rich since money is now King.        Just wait for opps to turn up.   sheerluck      ( Date: 11-Aug-2015 10:40) Posted: This is the first time they did a cash call after IPO.  LT debt is small but after this CB, LT debt will balloon.  The high interest rate is also a reflection of the risk involved.  Even the badly beaten O& G coy can get better interest rate than QTV. So if the oil slump is going to stay for years to come and O& G can get mucg better rates than QTV which is supposedly the next big thing in medical sector, what it said about the risk is clear. Topline is not ok.  Flat growth with about USD8mil per Q is bad for a coy where their product is in a billion dollar sector.  So it either the sector is not a billion dollar sector (perhaps not) or they product is not really any much better than their competitors (perhaps yes). Strong Q2 growth + FDA approval (at least +50%) will be a very strong catalysts.   Kyoto2008      ( Date: 10-Aug-2015 15:58) Posted: You did a lot of research, great notes. Noticed that their LT debt ratio is small, believe could be some accounting error.      I think they did a no of convert bonds, saw one at 8% coupon, which means they can be hurt at the operating profit if sales do not surge. Overall, still a chance for them to sell into Europe and China.          Topline looks pretty okay, the margins are decent, but costs are spiralling out of control, at an increasing rate. Not sure if this is a good time for entry, it depends on one' s risk appetite. This co could do very well, post patent suit, lenders also buy in to the story hence the success of convert bond issue. For me, there' s opp cost, as there are many nice counters with solid numbers.      Hard to allocate to one that is a newbie and untested.
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Fatm@n Member	11-Aug-2015 17:23        Fatm@n About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good news is coming. Just round the corner....
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sheerluck Supreme	11-Aug-2015 10:40        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	This is the first time they did a cash call after IPO.  LT debt is small but after this CB, LT debt will balloon.  The high interest rate is also a reflection of the risk involved.  Even the badly beaten O& G coy can get better interest rate than QTV. So if the oil slump is going to stay for years to come and O& G can get mucg better rates than QTV which is supposedly the next big thing in medical sector, what it said about the risk is clear. Topline is not ok.  Flat growth with about USD8mil per Q is bad for a coy where their product is in a billion dollar sector.  So it either the sector is not a billion dollar sector (perhaps not) or they product is not really any much better than their competitors (perhaps yes). Strong Q2 growth + FDA approval (at least +50%) will be a very strong catalysts.   Kyoto2008      ( Date: 10-Aug-2015 15:58) Posted: You did a lot of research, great notes. Noticed that their LT debt ratio is small, believe could be some accounting error.      I think they did a no of convert bonds, saw one at 8% coupon, which means they can be hurt at the operating profit if sales do not surge. Overall, still a chance for them to sell into Europe and China.          Topline looks pretty okay, the margins are decent, but costs are spiralling out of control, at an increasing rate. Not sure if this is a good time for entry, it depends on one' s risk appetite. This co could do very well, post patent suit, lenders also buy in to the story hence the success of convert bond issue. For me, there' s opp cost, as there are many nice counters with solid numbers.      Hard to allocate to one that is a newbie and untested.   sheerluck      ( Date: 09-Aug-2015 15:21) Posted: They have cashflow problem after IPO-ing.  Raised about $40mil thru IPO and used all up within a year.  Very cash hungry coy.  So rasing fund again.  This round thru convertible bonds.  Coy gets the cash, new investors got a good deal, existing shareholders gotten dilution.  Just like that. The announcement is about the isses of the 1st tranche loan.  Conversion price is 12.8cts.  When QTV price got beaten down to less than 10cts, I see additional risk of new investors pulling out and revising down the conversion price.  Luckily this round they didn' t.  Previously there was also a CB fund raise but they pull out when price tank from 18 ts to 11cts (conversion price was 19.2cts then). The patent lawsuit affect one of their product ranges (out of two I think: Chocolate and Glide).  Chocolate is their latest product so I say about hit at least 50% of their product. But they are developing a 2nd gen chocolate which should be free from this patent case according to mgmt (whom I discount 90% of any of their assurance).  Also the damage awarded can kill QTV.  Imgaine a damage of $20mil vs $24mil NAV!  Jialat! Well, so risk remains on the patent case and also if Q2 sale growth is flat or modest....holland.... The main catalyst for QTV is their DCB product: chocolate touch.  Waiting for FDA approval.  When it comes, it should give a much needed boost to the share price.  After that is how well this touch sells.  Ofc, with touch, M& A might be on the plate.  But this one who knows.  If want to bet on M& A, better be prepared to sit on it for a few years. Anyway, patent law suit trial in Sept and Q2 should be out this month.  FDA should be by this year.  A few price moving (or shattering) events so look out or them.
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Kyoto2008 Elite	10-Aug-2015 15:58        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You did a lot of research, great notes. Noticed that their LT debt ratio is small, believe could be some accounting error.      I think they did a no of convert bonds, saw one at 8% coupon, which means they can be hurt at the operating profit if sales do not surge. Overall, still a chance for them to sell into Europe and China.          Topline looks pretty okay, the margins are decent, but costs are spiralling out of control, at an increasing rate. Not sure if this is a good time for entry, it depends on one' s risk appetite. This co could do very well, post patent suit, lenders also buy in to the story hence the success of convert bond issue. For me, there' s opp cost, as there are many nice counters with solid numbers.      Hard to allocate to one that is a newbie and untested.   sheerluck      ( Date: 09-Aug-2015 15:21) Posted: They have cashflow problem after IPO-ing.  Raised about $40mil thru IPO and used all up within a year.  Very cash hungry coy.  So rasing fund again.  This round thru convertible bonds.  Coy gets the cash, new investors got a good deal, existing shareholders gotten dilution.  Just like that. The announcement is about the isses of the 1st tranche loan.  Conversion price is 12.8cts.  When QTV price got beaten down to less than 10cts, I see additional risk of new investors pulling out and revising down the conversion price.  Luckily this round they didn' t.  Previously there was also a CB fund raise but they pull out when price tank from 18 ts to 11cts (conversion price was 19.2cts then). The patent lawsuit affect one of their product ranges (out of two I think: Chocolate and Glide).  Chocolate is their latest product so I say about hit at least 50% of their product. But they are developing a 2nd gen chocolate which should be free from this patent case according to mgmt (whom I discount 90% of any of their assurance).  Also the damage awarded can kill QTV.  Imgaine a damage of $20mil vs $24mil NAV!  Jialat! Well, so risk remains on the patent case and also if Q2 sale growth is flat or modest....holland.... The main catalyst for QTV is their DCB product: chocolate touch.  Waiting for FDA approval.  When it comes, it should give a much needed boost to the share price.  After that is how well this touch sells.  Ofc, with touch, M& A might be on the plate.  But this one who knows.  If want to bet on M& A, better be prepared to sit on it for a few years. Anyway, patent law suit trial in Sept and Q2 should be out this month.  FDA should be by this year.  A few price moving (or shattering) events so look out or them. Kyoto2008      ( Date: 09-Aug-2015 00:40) Posted: Mgt raising fund is secondary. Shareholders, or those interested to become shareholders are really very very interested in whether Scenario one (Co go belly up), or Scenario two (Co survives) will take the table. So what if they raise a billion?  Or ten billion?    If the patent issue turns nasty, every cent goes down the drain.  do you agree?              Let' s be clear, not muddleheaded.
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sheerluck Supreme	09-Aug-2015 15:21        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	They have cashflow problem after IPO-ing.  Raised about $40mil thru IPO and used all up within a year.  Very cash hungry coy.  So rasing fund again.  This round thru convertible bonds.  Coy gets the cash, new investors got a good deal, existing shareholders gotten dilution.  Just like that. The announcement is about the isses of the 1st tranche loan.  Conversion price is 12.8cts.  When QTV price got beaten down to less than 10cts, I see additional risk of new investors pulling out and revising down the conversion price.  Luckily this round they didn' t.  Previously there was also a CB fund raise but they pull out when price tank from 18 ts to 11cts (conversion price was 19.2cts then). The patent lawsuit affect one of their product ranges (out of two I think: Chocolate and Glide).  Chocolate is their latest product so I say about hit at least 50% of their product. But they are developing a 2nd gen chocolate which should be free from this patent case according to mgmt (whom I discount 90% of any of their assurance).  Also the damage awarded can kill QTV.  Imgaine a damage of $20mil vs $24mil NAV!  Jialat! Well, so risk remains on the patent case and also if Q2 sale growth is flat or modest....holland.... The main catalyst for QTV is their DCB product: chocolate touch.  Waiting for FDA approval.  When it comes, it should give a much needed boost to the share price.  After that is how well this touch sells.  Ofc, with touch, M& A might be on the plate.  But this one who knows.  If want to bet on M& A, better be prepared to sit on it for a few years. Anyway, patent law suit trial in Sept and Q2 should be out this month.  FDA should be by this year.  A few price moving (or shattering) events so look out or them. Kyoto2008      ( Date: 09-Aug-2015 00:40) Posted: Mgt raising fund is secondary. Shareholders, or those interested to become shareholders are really very very interested in whether Scenario one (Co go belly up), or Scenario two (Co survives) will take the table. So what if they raise a billion?  Or ten billion?    If the patent issue turns nasty, every cent goes down the drain.  do you agree?              Let' s be clear, not muddleheaded.
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Kyoto2008 Elite	09-Aug-2015 00:40        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mgt raising fund is secondary. Shareholders, or those interested to become shareholders are really very very interested in whether Scenario one (Co go belly up), or Scenario two (Co survives) will take the table. So what if they raise a billion?  Or ten billion?    If the patent issue turns nasty, every cent goes down the drain.  do you agree?              Let' s be clear, not muddleheaded.
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lglg666 Supreme	09-Aug-2015 00:34        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Every move is like show hand thingy, one wrong move....it is bye bye. So the management must focus carefully when try to raise more fund. Kyoto2008      ( Date: 08-Aug-2015 14:59) Posted: Bro, what did they issue?  Pte placement? Way I see this is, if the patent thingy blows up, this co will likely belly up.    Shareholders lose everything, zero $$ end game. If patent thingy does not blow up, price could swing up on the news. I see this as a gamble.    What' s your take? sheerluck      ( Date: 08-Aug-2015 10:37) Posted: 1st tranche of loan issued. One risk down. Hopefully 2nd tranche issued without problem. Await Q2 to show hand.
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Kyoto2008 Elite	08-Aug-2015 14:59        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, what did they issue?  Pte placement? Way I see this is, if the patent thingy blows up, this co will likely belly up.    Shareholders lose everything, zero $$ end game. If patent thingy does not blow up, price could swing up on the news. I see this as a gamble.    What' s your take? sheerluck      ( Date: 08-Aug-2015 10:37) Posted: 1st tranche of loan issued. One risk down. Hopefully 2nd tranche issued without problem. Await Q2 to show hand.
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lglg666 Supreme	08-Aug-2015 14:33        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Could this be what they need to jump start the share price? sheerluck      ( Date: 08-Aug-2015 10:37) Posted: 1st tranche of loan issued. One risk down. Hopefully 2nd tranche issued without problem. Await Q2 to show hand.
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sheerluck Supreme	08-Aug-2015 10:37        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	1st tranche of loan issued. One risk down. Hopefully 2nd tranche issued without problem. Await Q2 to show hand.
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lglg666 Supreme	07-Aug-2015 08:15        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very interesting....thanks for sharing sheerluck      ( Date: 06-Aug-2015 23:37) Posted: Some events on this coy. sheerluck      ( Date: 25-Jul-2015 16:23) Posted: I don' t what to say about this.   Obviously this is too good to be true deal for these investors.   But as what you said, we can say it is illogical but it is what is written in the agreement that counts in the court of law. Assuming you are right, your scenario is entirely possible.   QTV still gets their $13mil.   Investors immediately recoup up to 90% of their capital although unlikely.   Existing shareholders then ended up with even lower share price.   Now it is unlikely that these new investors can recoup up to 90% of their capital since unleashing so many share, price likely collapse pretty quick.   So investors also unlikely to sabo themselves like this.   Ofc, they can buy back at dirt cheap price when more and more retailers cannot tahan.   Either way, they don' t lose.   They are effectively transferring money from the market to the company through these " new investors" . This is pretty much what they did with the IPO.   It is a private placement only at 28cts, no retailers got a single share.   First day pump up and gradually dropped to 28cts but never below since selling below, the pre-IPO investors lose money.   After day laters, analyst cook up nice story and price went up.   Pre-IPO investors continue to unload.   So company got their IPO proceed, pre-IPO got their investment + very nice profit back.   Money doesn' t appear out of nowhere.   So if coy got money, pre-IPO investors got profit, who gave to them?   Retailers who are so naive to believe analysts bullshit to buy at high price of 40-50cts hoping for 60-70cts. How credible are the mgmt?   I let you decide yourself with these chronicle of events: - 29 Apr - announced litigation - price dropped from 27cts to 22.5cts (before annoucing price already started to decline from 33cts.   I don' t think retailer got a clue what is going on yet  but hard to say about people close to the company!) - 4 May - BOD support case to support price - price stabilise around 22.5cts (retailers probably feels quite assure by mgmt statement but over the few week, price gradually decline.   Some people decided to get out quietly?) - 20 May onwards - price started to drop from 22.5cts to 18.2cts - 2 Jul - announced lost of state law claim - price plunged to 11.6cts (one forummer picked up a critical point here.   The halt came one day after the litigation outcome. Trading volume as doubled compare to last few days on 1 Jul. Retailers still unaware of situation on 1 July but hard to say about people close to the company!) People can be in denial and brush it off as coincidence.   Up to individual. So how much fortune has mgmt bring to their own investors and how much damages has mgmt bring to powerless retailers? Now mgmt release aggreement with such ambiguity!   Perhaps the clasue is as it is.   Mgmt really want to suck retailers dry? Either the mgmt clarify or the market will tell us the truth. Buy now or regret later or buy now and regret later?   Your choice.
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sheerluck Supreme	06-Aug-2015 23:37        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Some events on this coy. sheerluck      ( Date: 25-Jul-2015 16:23) Posted: I don' t what to say about this.   Obviously this is too good to be true deal for these investors.   But as what you said, we can say it is illogical but it is what is written in the agreement that counts in the court of law. Assuming you are right, your scenario is entirely possible.   QTV still gets their $13mil.   Investors immediately recoup up to 90% of their capital although unlikely.   Existing shareholders then ended up with even lower share price.   Now it is unlikely that these new investors can recoup up to 90% of their capital since unleashing so many share, price likely collapse pretty quick.   So investors also unlikely to sabo themselves like this.   Ofc, they can buy back at dirt cheap price when more and more retailers cannot tahan.   Either way, they don' t lose.   They are effectively transferring money from the market to the company through these " new investors" . This is pretty much what they did with the IPO.   It is a private placement only at 28cts, no retailers got a single share.   First day pump up and gradually dropped to 28cts but never below since selling below, the pre-IPO investors lose money.   After day laters, analyst cook up nice story and price went up.   Pre-IPO investors continue to unload.   So company got their IPO proceed, pre-IPO got their investment + very nice profit back.   Money doesn' t appear out of nowhere.   So if coy got money, pre-IPO investors got profit, who gave to them?   Retailers who are so naive to believe analysts bullshit to buy at high price of 40-50cts hoping for 60-70cts. How credible are the mgmt?   I let you decide yourself with these chronicle of events: - 29 Apr - announced litigation - price dropped from 27cts to 22.5cts (before annoucing price already started to decline from 33cts.   I don' t think retailer got a clue what is going on yet  but hard to say about people close to the company!) - 4 May - BOD support case to support price - price stabilise around 22.5cts (retailers probably feels quite assure by mgmt statement but over the few week, price gradually decline.   Some people decided to get out quietly?) - 20 May onwards - price started to drop from 22.5cts to 18.2cts - 2 Jul - announced lost of state law claim - price plunged to 11.6cts (one forummer picked up a critical point here.   The halt came one day after the litigation outcome. Trading volume as doubled compare to last few days on 1 Jul. Retailers still unaware of situation on 1 July but hard to say about people close to the company!) People can be in denial and brush it off as coincidence.   Up to individual. So how much fortune has mgmt bring to their own investors and how much damages has mgmt bring to powerless retailers? Now mgmt release aggreement with such ambiguity!   Perhaps the clasue is as it is.   Mgmt really want to suck retailers dry? Either the mgmt clarify or the market will tell us the truth. Buy now or regret later or buy now and regret later?   Your choice. nngeeh      ( Date: 25-Jul-2015 15:12) Posted: Sorry, i meant " If my intepretation is correct, if anyone pumps up the shares, the investors can borrow shares to sell it first, and convert their bond later.
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Kyoto2008 Elite	06-Aug-2015 23:32        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think I found the answer.    They lost the lawsuit.  Though it' s really very cheap, but the risks are high as well.    Kyoto2008      ( Date: 06-Aug-2015 23:21) Posted: Saw the steep drop, but what caused it? lglg666      ( Date: 06-Aug-2015 15:22) Posted: The way you put it....very scary leh macham gambling with no say or control, every round is show hand. One wrong move....masuk longkon
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Kyoto2008 Elite	06-Aug-2015 23:21        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Saw the steep drop, but what caused it? lglg666      ( Date: 06-Aug-2015 15:22) Posted: The way you put it....very scary leh macham gambling with no say or control, every round is show hand. One wrong move....masuk longkong sentosa0819      ( Date: 06-Aug-2015 15:11) Posted: 08jul trading halt .share price from 0.18 all the way dropped to 0.12. buying this share like buy 4D . If good news out take a rocket one or crash to hell
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rayoflight Veteran	06-Aug-2015 18:43        rayoflight About Contact  Quote this Post!
x 0   x 0  Alert Admin	notsostupid cut loss already anot?
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lglg666 Supreme	06-Aug-2015 15:22        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The way you put it....very scary leh macham gambling with no say or control, every round is show hand. One wrong move....masuk longkong sentosa0819      ( Date: 06-Aug-2015 15:11) Posted: 08jul trading halt .share price from 0.18 all the way dropped to 0.12. buying this share like buy 4D . If good news out take a rocket one or crash to hell Kyoto2008      ( Date: 06-Aug-2015 01:14) Posted: A little recovery.  Just curious as a bystander.    What happened on 8 Jul 15?      Just curious.    Refresh memory a bit.    Anyone?
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sentosa0819 Senior	06-Aug-2015 15:11        sentosa0819 About Contact  Quote this Post!
x 0   x 0  Alert Admin	08jul trading halt .share price from 0.18 all the way dropped to 0.12. buying this share like buy 4D . If good news out take a rocket one or crash to hell Kyoto2008      ( Date: 06-Aug-2015 01:14) Posted: A little recovery.  Just curious as a bystander.    What happened on 8 Jul 15?      Just curious.    Refresh memory a bit.    Anyone?
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Kyoto2008 Elite	06-Aug-2015 01:14        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	A little recovery.  Just curious as a bystander.    What happened on 8 Jul 15?      Just curious.    Refresh memory a bit.    Anyone?
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lglg666 Supreme	06-Aug-2015 00:20        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	But how low can it goes? That's a million dollars question. lglg666      ( Date: 06-Aug-2015 00:16) Posted: The share price has fallen a lot till now
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lglg666 Supreme	06-Aug-2015 00:16        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The share price has fallen a lot till now
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