Cigarette Racing - 22 year old CEO
09-11-2023, 04:33 PM
#342
Registered
an older article and has NOT aged well at all. Re-reading it, I laughed again at this - Alex said. “I’ve always been involved in this. I’ve had tons and tons of experience already, you know, so I’m not your typical 22-year-old coming out of college. I’ve been working since I was 17.”
5 years?! You veterano you! You old salt! Lol holy sh*t, I’m laughing writing this.
dad, don’t let the kid talk.
re reading that article now, just wow. Every plan they’ve had has been disastrous. Hard to stay positive. Funny thing too is EVERYONE agrees it’s a total sh*t show but won’t say publicly. It’s the best hush hush / well
known conversation.
sad. Hopefully things get right or it sells to someone that is truly committed to the cigarette legacy, not on an obvious exploitation plan of riding coat tails.
5 years?! You veterano you! You old salt! Lol holy sh*t, I’m laughing writing this.
dad, don’t let the kid talk.
re reading that article now, just wow. Every plan they’ve had has been disastrous. Hard to stay positive. Funny thing too is EVERYONE agrees it’s a total sh*t show but won’t say publicly. It’s the best hush hush / well
known conversation.
sad. Hopefully things get right or it sells to someone that is truly committed to the cigarette legacy, not on an obvious exploitation plan of riding coat tails.
So it's all taken with a grain of salt. Even the figures quoted below.
But with the below quotes (one at the beginning, the other near the end) from that article and everyone saying you can't make any money in the boat business.
Are they claiming they gave 32.6 billion for Cigarette?
Is that what I'm reading?
If so, Skip has to be the most successful boat builder ever.
ROI of 283,378 %
This May will mark the one-year anniversary of the acquisition of Cigarette Racing Team from the previous owner Skip Braver, who bought the company in 2002 for $11.5 million
John pushes back against criticism of naming his youngest son to run the flagship boating brand. He points out the $32.6 billion merger and acquisition was put into motion because of Alex who sought out the deal.
John pushes back against criticism of naming his youngest son to run the flagship boating brand. He points out the $32.6 billion merger and acquisition was put into motion because of Alex who sought out the deal.
09-12-2023, 12:22 PM
#343
VP of the tickfaw200
Obviously that whole article sounds like some 12 year olds fantasy in print.
So it's all taken with a grain of salt. Even the figures quoted below.
But with the below quotes (one at the beginning, the other near the end) from that article and everyone saying you can't make any money in the boat business.
Are they claiming they gave 32.6 billion for Cigarette?
Is that what I'm reading?
If so, Skip has to be the most successful boat builder ever. ROI of 283,378 %
So it's all taken with a grain of salt. Even the figures quoted below.
But with the below quotes (one at the beginning, the other near the end) from that article and everyone saying you can't make any money in the boat business.
Are they claiming they gave 32.6 billion for Cigarette?
Is that what I'm reading?
If so, Skip has to be the most successful boat builder ever.
ROI of 283,378 %
The following users liked this post:
larslindroth (09-12-2023)
09-13-2023, 05:52 AM
#344
Stock is a nickel..............MARKET CAP 197.35M USD
32 billion to less than 200 million and I think even that number is propped up. Cigarette appears to be the only "real business" in the guy's portfolio.
32 billion to less than 200 million and I think even that number is propped up. Cigarette appears to be the only "real business" in the guy's portfolio.
09-17-2023, 04:08 PM
#345
Those CRT sweatshirts and hats must be flying off the shelves!
Stock went from 4 cent low to now 19 cents! That's how they roll over there at MSP! Stock almost quintupled! in a day!
The following users liked this post:
endeavor1 (09-17-2023)
09-18-2023, 08:18 AM
#347
Registered
iTrader: (1)
There was no news to justify the move. It's just a dead-cat bounce of a pos stock that has gone straight done from $10+ to literally pennies. The latest news from the company was the NASD moving to delist their shares. Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On September 5, 2023, the Company received a determination from the Staff that the Company’s Class A common stock, par value $0.0001 (“Class A Common Stock”), had a closing bid price of $0.10 for 10 consecutive trading days during a compliance period and so, pursuant to Listing Rule 5810(3)(A)(iii), the staff determined to delist the Company’s securities from The Nasdaq Capital Market (the “Delisting Determination”). Pursuant to the procedures set out in the Nasdaq Listing Rules, the Company will appeal the Delisting Determination to a hearing panel (the “Hearing”), which will suspend the Delisting Determination until the Hearing and is expected to convene approximately 30-45 days after the Company files its appeal. The Company plans to consummate the Reverse Stock Split (as discussed and defined below), which it expects will cause the price of its Class A Common Stock to trade at a level sufficient to regain compliance with Listing Rule 5810(3)(A)(iii), and Listing Rule 5450(a)(1).
Item 3.03 Material Modification to Rights of Security Holders.
On September 5, 2023, the Company received a determination from the Staff that the Company’s Class A common stock, par value $0.0001 (“Class A Common Stock”), had a closing bid price of $0.10 for 10 consecutive trading days during a compliance period and so, pursuant to Listing Rule 5810(3)(A)(iii), the staff determined to delist the Company’s securities from The Nasdaq Capital Market (the “Delisting Determination”). Pursuant to the procedures set out in the Nasdaq Listing Rules, the Company will appeal the Delisting Determination to a hearing panel (the “Hearing”), which will suspend the Delisting Determination until the Hearing and is expected to convene approximately 30-45 days after the Company files its appeal. The Company plans to consummate the Reverse Stock Split (as discussed and defined below), which it expects will cause the price of its Class A Common Stock to trade at a level sufficient to regain compliance with Listing Rule 5810(3)(A)(iii), and Listing Rule 5450(a)(1).
Item 3.03 Material Modification to Rights of Security Holders.
The following users liked this post:
larslindroth (09-18-2023)
09-18-2023, 08:41 AM
#348
Could be some penny stock broker hyping it as "the big turn around" and got his suckers (I mean "clients") to buy up some shares If someone had 5K in MSP stock at the nickel a share price that's 100,000 shares which could look like "movement" and then the hype train is leaving the station!
Queue in the bad broker pitch:
09-18-2023, 08:46 AM
#349
Registered
Thread Starter
Could be someone who had a ton of puts on the stock…who just excercised the option. Now the person getting called has to buy the shares for Pennie’s on the dollar. In a move like that the short interest is usually higher than 2-3%.
The following users liked this post:
hogie roll (09-18-2023)
