The Alkaline Water Co Inc Com (NASDAQOTH:WTER)

CAPS Rating: 1 out of 5

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All Players

5 Outperform
36 Underperform
 

All-Star Players

0 Outperform
28 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top WTER Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

Glassgo (< 20)
Submitted October 09, 2013

Their cash flows is very good! upcoming company.

jed71 (99.82)
Submitted September 24, 2018

The stock in this firm is completely worthless, in my opinion. This.... "On February 1, 2017, The Alkaline Water Company Inc. and its subsidiaries (the “Company”) entered into a Credit and Security Agreement (the “Credit Agreement”) with SCM… More

WTER VS S&P 500 (SPY)

WTER Summary

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Recent Community Commentary

Read the most recent pitches from players about WTER.

Recs

0
Member Avatar Paco57 (< 20) Submitted: 11/29/2018 7:37:12 PM : Outperform Start Price: $3.54 WTER Score: +33.68

I owned them once. Shall I buy them again?

Recs

2
Member Avatar jed71 (99.82) Submitted: 9/24/2018 11:33:41 AM : Underperform Start Price: $4.08 WTER Score: -21.99

The stock in this firm is completely worthless, in my opinion. This....

"On February 1, 2017, The Alkaline Water Company Inc. and its subsidiaries (the “Company”) entered into a Credit and Security Agreement (the “Credit Agreement”) with SCM Specialty Finance Opportunities Fund, L.P. (the “Lender”).

The Credit Agreement provides the Company with a revolving credit facility (the “Revolving Facility”), the proceeds of which are to be used to repay existing indebtedness of the Company, transaction fees incurred in connection with the Credit Agreement and for working capital needs of the Company. Under the terms of the Credit Agreement, the Lender has agreed to make cash advances to the Company in an aggregate principal at any one time outstanding not to exceed the lesser of (i) $4 million (the “Revolving Loan Commitment Amount”)and (ii) the Borrowing Base (defined to mean,as of any date of determination, 85% of net eligible billed receivables plus 65% of eligible unbilled receivables, minus certain reserves).

The Credit Agreement has a term of three years, unless earlier terminated by the parties in accordance with the terms of the Credit Agreement. The principal amount of the Revolving Facility outstanding bears interest at a rate per annum equal to (i) a fluctuating interest rate per annum equal at all times to the rate of interest announced, from time to time, within Wells Fargo Bank at its principal office in San Francisco as its “prime rate,” plus (ii) 3.25%, payable monthly in arrears.

To secure the payment and performance of the obligations under the Credit Agreement, the Company granted to the Lender
a continuing security interest in all of the Company’s assets and agreed to a lockboxaccount arrangement in respect ofcertain eligible receivables."

And this:

"On February 13, 2018, the Lender agreed to provide the Company a $400,000 Temporary Over Advance (“TOA”) under the Credit Facility Agreement. The TOA is to be repaid as follows: (i) the Company shall make five (5) weekly principal payments on the TOA each in the amount of $20,000 commencing on April 23, 2018 and on the first Business Day ofeach calendar week thereafter through and including May 21, 2018, (ii) the Company shall make ten (10) weekly principle payments on the TOA,each in the amount of $30,000, commencing on May 28, 2018 and on the first Business Day of each calendar week thereafter through and including July 30, 2018 and (iii) repay the remaining principal balance on the TOA, ifany, in full on or prior to July 30, 2018. As of June 30, 2018, the TOA was repaid in full."

So it sounds like they have capped their LOC and are still burning $3-4MM a year in cash with no end in sight. They have 200MM common shares they can issue at the market so probably no end in sight for dilution. I expect this to fall relatively quickly as the market finally figures out how they are getting their financing.

Recs

1
Member Avatar SmartAce (99.96) Submitted: 8/6/2018 2:54:00 PM : Underperform Start Price: $1.93 WTER Score: -145.50

I'm old enough to remember being the tv remote.

Leaderboard

Find the members with the highest scoring picks in WTER.

Score Leader

Glassgo

Glassgo (< 20) Score: +700.54

The Score Leader is the player with the highest score across all their picks in WTER.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
Glassgo < 20 10/9/2013 Outperform 3M $0.54 +759.81% +59.27% +700.54 2 Comments
tdfs1964 73.94 10/10/2013 Outperform 5Y $0.58 +700.00% +56.82% +643.18 0 Comment
OmegaMan13 < 20 10/17/2013 Outperform 1Y $0.62 +644.94% +52.90% +592.04 0 Comment
Paco57 < 20 11/30/2018 Outperform 5Y $3.54 +30.13% -3.56% +33.68 1 Comment
SidewaysJack < 20 10/1/2018 Outperform 5Y $3.90 +17.95% -9.60% +27.55 0 Comment
cheev 99.96 12/4/2018 Underperform 3W $4.07 +13.02% -3.36% -16.38 0 Comment
jackhmr 99.98 10/1/2018 Underperform 5Y $4.29 +7.23% -9.58% -16.81 0 Comment
DrDoofenshmirtz 99.84 9/24/2018 Underperform 5Y $4.27 +7.73% -9.37% -17.10 0 Comment
TMFBlacknGold 95.16 11/6/2018 Underperform 3M $3.90 +17.95% -3.73% -21.68 0 Comment
jed71 99.82 9/24/2018 Underperform 5Y $4.08 +12.75% -9.25% -21.99 1 Comment

Wall Street

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