Daxdop

[Daxdop @Daxdop]

@weary_centurion As per double entry book keeping you have to to cover your liabilities with your assets. The RA costs are not “set aside” as there is no entry in the assets for them, they are taken into account in the sales but added back in CF statement in the line below

[Daxdop @Daxdop]

@weary_centurion Could you please detail the part “It is not the same as debt”?

Such payables are to be paid with cash, the fact that they are deducted from sales makes earnings smoother than FCF (as it is the case), but they don’t have any alowance on the Assets, so it’s drawn from cash

[Daxdop @Daxdop]

@andrew1corpora1 @AMCanaday01 He can always convert them. What changes is the conversion price:
-For mkt price below 1.5 the conversion price is fixed at 1.5
-For mkt price between 1.5 and 7.5 the conversion price is given by the 10 day VWAP
-Above 7.5 again it is fixed at 7.5

So there is no guarantee

[Daxdop @Daxdop]

@Trafegura @AMCanaday01 It is small and under the radar. We’ll see. It will be of major importance Vafias behavior after Sep 27th, if he begins a pro shareholders policy all will be forgiven and forgotten.

[Daxdop @Daxdop]

@Adrian_Smith12 @UhmHans Furthermore this last dilution is quite suspicious, I doubt he did it for the 17mln which is nothing. Probably he let someone he knew enter the business at 2$/sh and in the meantime dumped the price below the lower bound of the preferred conversion, two birds with one stone…

[Daxdop @Daxdop]

@arny_trezzi The non-us investments are not present in the 13-Fs and consequently it seems also on that site. Are you sure the performance calculation takes into account also its foreign holdings?

[Daxdop @Daxdop]

@i9theghost5 Pokemon seems a recurrent theme among scammers🤔

[Daxdop @Daxdop]

@hailbigbrother1 @i9theghost5 @quakes99 Already in, not found a better one yet