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NSP.V - Naturally Splendid Enterprises Ltd

Courte entrevue avec le nouveau PDG, Dave Eto ici.

Naturally Splendid Highlights HempOmega™ Dog Food Study

Naturally Splendid President Mr. J. Craig Goodwin reports, “While waiting for the written report from this study, Naturally Splendid has been proactive in identifying potential clients for this unique omega ingredient in a range of canine food applications. We are already in an advanced stage of discussions with a significant North American canine food processor for inclusion into their line of canine foods as well as to collaborate on further development and applications of HempOmega™. There is also opportunity for HempOmega™ to be available as an ingredient for private labelled canine food lines as well.”

Naturally Splendid Signs Term Sheet with Global Pet Food Processor For HempOmega™

Beaucoup de nouvelles à l’approche du placement privé qui devient libre (8 mars).

Quest ce que ca peut avoir comme impact dans un contexte comme celui-ci lorsque un placement prive devient libre…bcp de vendeurs?

Oui exact. Il va y avoir 11.8M d’actions payées $0.27 qui vont devenir libres d’être transigées, donc il y a certainement des gens qui vont vouloir prendre leurs profits ou comme c’est mon cas, qui vont vouloir sortir du titre à cause des pratiques frauduleuses de l’ancien management.

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Les états financiers annuels 2016 sont disponibles sur Sedar.

Le T4 est assez horrible avec une perte de $2M au niveau des flux de trésorerie. À voir le bilan, ils devront lever du capital à nouveau prochainement si les pertes continuent à ce rythme.

J’ai vendu ma position lorsque le placement privé est devenu libre parce que j’avais un mauvais préssentiment à propos des résultats à venir, mais c’est encore pire que ce à quoi je m’attendais.

Ouch…

@pbergeronbelanger je me rappelle tu avais refusé de participer à l’époque parce que tu avais certaines réserves sur le management.

Peux-tu partager avec la communauté ce que tu avais perçu et comment tu avais fait pour identifier la grande faiblesse que personne voyait ?

Merci

Essentiellement, beaucoup de promotion sur le titre, de volume, de breakouts et de douloureux pullbacks… Le management ne m’inspirait pas particulièrement confiance, je ne comprenais pas exactement le pourquoi de certaines de leurs décisions (comme acheter des équipements de packaging d’une compagnie en difficultés financières).

Le chanvre est une commodité et il faut investir dans les marques appréciées des consommateurs. Difficile pour moi de savoir ce qui se passe réellement en Corée du Sud. Le risque que les chiffres soient manipulés étaient élevés. J’ai passé car ça sentait mauvais.

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T1 2017 disponible sur Sedar.

Encore une baisse significative des ventes et une perte nette. Les choses ne s’améliorent vraiment pas!

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Je pense que la direction est incapable d’articuler une stratégie de gestion. Comme le montre la vente non récurrente en Corée, ils ne sont pas le producteur Low Cost de l’industrie et peut-être que je l’ai manqué, mais semblent qu’ils n’ont pas envisager d’autres options strategic come moving up the value chain.

Même Hempco food est en chute libre, les vente en Corée ont diminuées énormément. l’an passé au mois de novembre Hempco dans son communiqué mensuel avait dit,

Charles Holmes commented on the November dip in sales: “Hempco sales to Korea went on hold for three weeks when tons of Chinese hulled hemp seed flooded the Korean market. Koreans are very quality conscious and cautious of Chinese products consumption. Hulled hemp seed hearts are made by shattering the hulls and separating the yellowish-white meats inside from the shells and any foreign matter that may have come off the fields. Hempco product specs are 99.9-per-cent clean from the farmer to our facility, and up to 10 parts foreign matter (wheat and/or other grains/seeds, chaff) and average 10 hemp seed shells. Hemp seed meats have a skin or pericarp around them much like a peanut or sunflower seed which is dark green and very nutritious. Depending on time of year and type of seed and processing variables, there can sometimes be more than normal amounts of pericarp mixed with the whitish hulled hemp seed nut. Korean customers have associated this dark-green skin as lower quality and/or of inferior Chinese product origin and are questioning the quality of Hempco product. Hempco staff has been helping educate the Korean customers and reaffirm the quality specs and standards.”

Et maintenant le communiqué au mois de Mars 2017

Sales have been slightly down for February and March as compared to last year at this time. Korean market is flooded with cheaper Chinese and eastern [European Union] hemp products and competition is furious. The Hempco $9-million contract with its Korean distributor is just over a third completed, and the team is working diligently to keep increasing bulk sales in to Korea and eastern Asia.

Sa résume la situation actuelle avec l’exportation avec la Corée

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Naturally Splendid to acquire natural food company

2017-07-12 09:24 ET - News Release

Mr. Dave Eto reports

NATURALLY SPLENDID ENTERS INTO LETTER OF INTENT TO ACQUIRE INNOVATIVE NATURAL FOOD COMPANY AND ANNOUNCES PRIVATE PLACEMENT FINANCING

Naturally Splendid Enterprises Ltd. has entered into a letter of intent to acquire an innovative, privately owned natural food company located in Vancouver, B.C., that is focused on the development and production of nutritious products for the meal replacement market.

The proposed target has accumulated sales of approximately $8 million over the past four years and its products can be found in major retailers across Canada.

As part of the acquisition, Naturally Splendid will take ownership of approximately $320,000 CDN of automated manufacturing equipment and related lease obligations, ownership of all retail lines and trademakes, ownership of intellectual property as well as all inventory and other working capital.

The target company’s line of products compliments Naturally Splendid’s current retail offering and the target’s expertise in creating innovative products for its clients is an excellent platform for the ingredient technologies supplied by Naturally Splendid. Upon completing the acquisition, it is expected that the target company’s product lines will be supplied by Naturally Splendid’s NATERA® Ingredients Division. Key executives and employees of the target company are expected to remain with the company upon completion of the acquisition.

Naturally Splendid CEO, Mr. Dave Eto states, “This proposed acquisition represents a significant advancement in our strategic plan. By acquiring the target company, we expect to add both to our product offerings and revenues while also accessing the target’s exisiting distribution channels to introduce the NATERA® retail lines both domestically and internationally. I am famili a r with the history of the target company as well as its key executives, and I am confident the synergy between our organizations will benefit Naturally Splendid”.

Under the terms of the LOI, to acquire 100% of the outstanding shares of the target, Naturally Splendid will issue approximately 1,100,000 common shares of Naturally Splendid having a value of CDN $200,000 at the time of the signing of the LOI (the " Share Consideration "); and pay CDN $200,000 in cash on or before December 29, 2017 (the " Cash Consideration "). The Share Consideration will be placed in escrow or otherwise subjected to lock up agreements, with 50% to be released on January 1, 2018, and the remaining 50% to be released on January 1, 2019. As part of the acquisition Naturally Splendid will assume or otherwise pay off the target company’s existing lines of credit which are currently anticipated to be approximately CDN $250,000. The vendors will also be entitled to performance based compensation equal to 25% of specified sales that exceed CDN $3,250,000 per year (adjusted annually), for the period 2018 to 2022. Total performance compensation will be capped at CDN $1,209,000.

The Company has 30 days from the date of the LOI to execute definitive agreements in respect of the proposed acquisition.

Closing of the transaction is subject to acceptance by the TSX Venture Exchange and satisfactory due diligence by Naturally Splendid.

Private Placement

Naturally Splendid has also announced a proposed private placement financing of up to a maximum of 6,944,444 units at a price of CDN $0.18 per Unit for gross procceds of up to CDN $1,250,000 (the “Offering”). The proceeds will be used to satisfy the acquisition and integration of the target company, and for general operating capital. Directors and insiders of the company will be participating in the financing.

Each Unit offered will be comprised of one common share of Naturally Splendid and one-half of one common share purchase warrant (“Warrant”), with each whole Warrant entitling the holder to purchase one additional common share at $0.27 per share for a period of two years from the date of the issue. Naturally Splendid will have the right to accelerate the expiry date of the Warrants if, at any time, the average closing price of Naturally Splendid’s common shares is equal to or greater than $0.40 for 10 consecutive trading days. In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after Naturally Splendid issues a news release announcing that it has elected to exercise this acceleration right. Management, directors and advisors of Naturally Splendid are expected to participate in the Offering through a combination of cash and loan conversions.

There is no minimum amount to the Offering. The Offering will be completed to “accredited investors” pursuant to National Instrument 45-106 - Prospectus and Registration Exemptions (“NI 45-106”), to existing security holders pursuant to BC Instrument 45-534 - Exemption from prospectus requirement from certain trades to existing security holders (“BCI 45-534”) and to certain subscribers pursuant to B.C. Instrument 45-536 - Exemptions from prospectus requirement for certain distributions through an investment dealer . The Offering of securities pursuant to 45-534 is being made to existing security holders who held shares of Naturally Splendid on July 11, 2017 (the “Record Date”). Naturally Splendid confirms that there is no material fact or material change regarding Naturally Splendid that has not been generally disclosed. In the event that Naturally Splendid receives subscriptions above the maximum, Naturally Splendid will adjust the subscriptions received on a pro-rata basis.

Naturally Splendid may pay finders a finder’s fee in cash and/or share purchase warrants.

Closing of the private placement is subject to acceptance of the TSX Venture Exchange.

About Naturally Splendid Enterprises Ltd.

Naturally Splendid is a biotechnology and consumer products company that is developing, producing, commercializing, and licensing an entirely new generation of plant-derived, bioactive ingredients, nutrient dense foods, and related products. Naturally Splendid is building an expanding portfolio of patents (issued and pending) and proprietary intellectual property focused on the commercial uses of industrial hemp and non-psychoactive cannabinoid compounds in a broad spectrum of applications.

Mathieu, vas tu tenter ta chance une deuxième fois avec ce nouveau placement privé ? :wink:

Non je ne participerai pas. L’entreprise accumule des pertes massives et l’ancien management malhonnête est toujours dans le décor.

De plus, je suppose que l’entreprise qu’ils vont acquérir est aussi déficitaire puisque le prix payé est très bas:

$200,000 en actions de Naturally Splendid
$200,000 en argent comptant
$250,000 pour assumer la ligne de crédit

  • $320,000 de machinerie, d’inventaire et de propriété intellectuelle
    Prix payé: ~ $330,000 + les bonus de performance

Pour une entreprise qui a fait $8M de ventes au cours des 4 dernières années, soit en moyenne $2M par année, un prix de vente de $330,000 + bonus me laisse croire que l’entreprise était en détresse.

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Le titre est en hausse d’environ 25% aujourd’hui.

Mes bons de souscription à $0.35 sont maintenant rendu à l’argent. Je dois dire que c’est toute une surprise!

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J’ai exercé mes warrants de NSP.V et vendu à 0.485$ aujourd’hui. Bien heureux d’avoir fait un petit profit malgré les agissements douteux de l’entreprise par le passé!

À près de $50M de capitalisation boursière (pleinement diluée) et seulement $2M de revenus, je trouve l’évaluation extrêmement chère présentement.

Le titre a explosé ce matin, ils ont le feu vert de Santé Canada pour aller en phase 2 d’essais cliniques

Une autre microcap sans modèle d’affaire viable qui se lance dans la plus récente tendance (COVID-19) pour flouer des nouveaux investisseurs.

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Former B.C. bodybuilder faces scrutiny at UBC for false claims

C’est le PDG de la compagnie ‹ ‹ pharmaceutique › › avec qui NSP s’associe pour le Cavaltinib.

Ça me semble du gros n’importe quoi.

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Une sorte de quasi pump alors