$CBDL CBD Life Sciences Inc. $CBDL CEO Lisa Nelson Interviews With The Morning Show https://onthemorningshow.com/blogs/watch/shop-local-az-cbd-wellness-indie-comics-holiday-sweets-retail-therapy-vendor-showcase?utm_source=chatgpt.com
@TenAssocLLC @otcmarkets
$MJNA $PNST
$PNST Brutal, from the form 12b-25
"Current Report on Form 8-K filed on March 7, 2025, the Registrant had been actively pursuing potential alternative transactions simultaneously, including a possible sale of the Registrant or refinancing of its existing indebtedness. In that regard, the Registrant entered into a letter of intent (the “LOI”) with Oaktree Capital Management, L.P. in respect of a proposed recapitalization transaction on March 7, 2025. The LOI has since expired and terminated in accordance with its terms prior to the consummation of such recapitalization transaction. The Registrant continues to face a challenging liquidity situation and is in default under its senior secured credit agreements. The Registrant is continues to consider all of its alternatives given its current financial condition."
$PNST will this recapitalization go thru? This price barely covers the warrants that would otherwise be due to shareholders, potential multi bagger here
$PNST Y'all Paying your new CFO 45k a week... What a fucking racket... That is one 1/4 of all sales! Kinda funny how your Daddy Oaktree is paying itself with its own debt.
"On March 11, 2025, the Company entered into an engagement letter with APS, pursuant to which Mr. Abbey will serve as interim CFO, and the Company will pay professional fees of $45,000 per week for such services directly to APS."
$PNST summarizes the news of today:
• Bankruptcy risk is now lower in the short term due to new funding and debt restructuring.
• Oaktree is taking control, and existing shareholders are severely diluted (dropping to 15% ownership).
• Stock is delisted from NYSE, moving to OTC markets.
• There is still risk—if the company cannot turn itself around, Oaktree could still push for a future sale or liquidation.
15% is still better than nothing so I don’t blame them on taking such a deal. Risk of this going down to 0 is greatly reduced but reward of upside just got cut by 85%. Oaktree is now your daddy.
