suspension doesnt mean much to long term shareholders that are waiting for court decision/filing. stock was not moving much one way or the other and volume was very light. when it dipped - shareholders came in and absorbed the shares quickly from those that decided to move on, lighten their holdings, or hedge against this type of outcome.
for short term holders or traders (not that there would be many left due to lack of volume and lack of filings) - they are locked out. cant trade. not a good thing. then again - most of these should have exited short term positions awhile back if they did not believe in the long term viability of the company.
while this has been a risk and it was an eventuality without filing - how are long term shareholders any different off today than Friday...? besides being locked in at this point - most already were or at least stated so for those following the board. anyone at this point in here long term knows the filing is tied to the court case. it is also not a stretch of logic to understand the chess game being played by both sides. specifically KBM stalling/delaying trying to run up the legal tab and forcing them into this situation. if there is no shareholder revolt - the company continues on business as usual - which most of us assume is growing the brand, adding dealers, working on international business (Canada, CK, Europe), etc. there can be no buying or selling. if/when they do file and there are the expected revenues - then will the price go up or down? at that time, there should be resolution to the court case or some injunction from KBM immediately selling/shorting the shares and driving the price down and forcing a R/s and/or increase in AS.
now - for those wondering if they have been hosed by the company...what is/was the alternative? if you believe in the company/intent - why would you feel hosed now? if the company DIDNT care about the shareholders (including themselves), why would they not have just increased the AS, let the shares convert, drive the price down, and do multiple R/s while continuing to take on more convertible debt in the meantime? again - look at TBEV and the history of such in the last 2 years. their insiders granted themselves a 100MM share "bonus" for introducing a new flavor (or something along those lines) after doing their 2nd R/s within or just outside of 12 months. i dont remember the particular details but the point is - they have eviscerated long term shareholders with seemingly no regard. how has HJOE done that? tehy announced a R/s in 2015 and let it expire. they didnt do that. instead, they continued to bring on dealers, introduced a jerky line which is actually out in the market (check to see where TBEVs new flavor can actually be found), etc and this can be independently verified by following up with those advertising and promoting the brand on social media.
obviously i am defending the company here. i am more perturbed by the misguided governance of our bodies that will dismiss the obvious shareholder protection by not filing under the guise that they are "protecting" us. if the SEC determines that there are no dealers, no actual revenues, and the product really isnt widely for sale (through SMS, etc) then let the public (shareholders) know and i would be ok with that. however, to halt the trading to protect us from ourselves when the company seems to be doing that for us is rather asinine and counter intuitive. the ONLY people that seemed overly eager for filings to be released were those in cahoots with the toxic lenders who wanted to convert and short as SOP BEFORE they were no longer able to manipulate a beaten down stock (which we all assume will not be the case once they file and show meaningful revenues/growth). we all know there was limited revenue in 2015 and real revenues would have only begun in 2016. if the SEC wants to protect shareholders, why dont they answer the question how KBM was "harmed" with their three figure returns on short term bridge loans or why they lock their customers out of prepaying the loans...?
for short term holders or traders (not that there would be many left due to lack of volume and lack of filings) - they are locked out. cant trade. not a good thing. then again - most of these should have exited short term positions awhile back if they did not believe in the long term viability of the company.
while this has been a risk and it was an eventuality without filing - how are long term shareholders any different off today than Friday...? besides being locked in at this point - most already were or at least stated so for those following the board. anyone at this point in here long term knows the filing is tied to the court case. it is also not a stretch of logic to understand the chess game being played by both sides. specifically KBM stalling/delaying trying to run up the legal tab and forcing them into this situation. if there is no shareholder revolt - the company continues on business as usual - which most of us assume is growing the brand, adding dealers, working on international business (Canada, CK, Europe), etc. there can be no buying or selling. if/when they do file and there are the expected revenues - then will the price go up or down? at that time, there should be resolution to the court case or some injunction from KBM immediately selling/shorting the shares and driving the price down and forcing a R/s and/or increase in AS.
now - for those wondering if they have been hosed by the company...what is/was the alternative? if you believe in the company/intent - why would you feel hosed now? if the company DIDNT care about the shareholders (including themselves), why would they not have just increased the AS, let the shares convert, drive the price down, and do multiple R/s while continuing to take on more convertible debt in the meantime? again - look at TBEV and the history of such in the last 2 years. their insiders granted themselves a 100MM share "bonus" for introducing a new flavor (or something along those lines) after doing their 2nd R/s within or just outside of 12 months. i dont remember the particular details but the point is - they have eviscerated long term shareholders with seemingly no regard. how has HJOE done that? tehy announced a R/s in 2015 and let it expire. they didnt do that. instead, they continued to bring on dealers, introduced a jerky line which is actually out in the market (check to see where TBEVs new flavor can actually be found), etc and this can be independently verified by following up with those advertising and promoting the brand on social media.
obviously i am defending the company here. i am more perturbed by the misguided governance of our bodies that will dismiss the obvious shareholder protection by not filing under the guise that they are "protecting" us. if the SEC determines that there are no dealers, no actual revenues, and the product really isnt widely for sale (through SMS, etc) then let the public (shareholders) know and i would be ok with that. however, to halt the trading to protect us from ourselves when the company seems to be doing that for us is rather asinine and counter intuitive. the ONLY people that seemed overly eager for filings to be released were those in cahoots with the toxic lenders who wanted to convert and short as SOP BEFORE they were no longer able to manipulate a beaten down stock (which we all assume will not be the case once they file and show meaningful revenues/growth). we all know there was limited revenue in 2015 and real revenues would have only begun in 2016. if the SEC wants to protect shareholders, why dont they answer the question how KBM was "harmed" with their three figure returns on short term bridge loans or why they lock their customers out of prepaying the loans...?
7
