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Why are the still spending money developing a ROAMEO when no one wanted the first 3 versions they spent millions developing.
SkunkWorks in Waterloo, Canada makes millions from Steve's stupid ideas and Steve owns half of the company.
Oh... that is why.
Alexulf, why have they never sold a RADDog?
Did Steve do any sort of Market Research or just think the world needed one?
How many millions did that cost the shareholders?
.0007's should start soon.
Someone is taking out the .0006's
Is Steve going to say he developed the RADCam from scratch and his R&D company in Waterloo, Canada will bill the AITX shareholders millions of dollars for developing it when he possibly bought it from China?
Do shareholders need Steve to explain?
Makes one go hmmm.
Do your own DD and never believe me or a penny stock CEO.
So, this was in the "no reverse split" PR yesterday. LOL
The filing commits the Company to extend by one year its current ‘no reverse split’ corporate amendment. The current amendment was scheduled to expire on January 1, 2025. The commitment now extends to at least January 1, 2026, with two exceptions: the Company uplists to NASDAQ or the NYSE, or our (AS) authorized shares are reversed at the same rate as our (OS) outstanding shares.
Back in March of 2020 Steve Reverse Split 1:10000
The AS was 4 BILLION shares, and it went down to 400,000 shares wiping EVERYONE out.
The regular way one does a reverse split is to reduce the AS and the OS at the same time.
Then Steve started raising the AS from 400,000 shares to the current 12,500,000,000.
Read this part carefully… with two exceptions: bla bla FLUFF or our (AS) authorized shares are reversed at the same rate as our (OS) outstanding shares.
Steve just admitted that he can do a reverse split in 2025 JUST LIKE THE LAST 2.
It’s a share selling scheme to enrich the CEO, insider and his family.
All in My Humble Opinion, so do your own DD and never believe a penny stock CEO.
All BUYS at . 0006 and 1 at .0007
Hopefully news this week.
Give us facts Alexulf.
How many RADDOGs have been sold?
NOT GIVEN AWAY, OR GIFTED FOR A PHOTO OP AT A POLICE EVENT.
How much did they spend developing the DOG?
.0007's hit this morning.
Shareholders will have to look hard to fine the Net Income which includes all revenues and costs and is used to calculate earnings per share.
Steve only talks about Operating Profit, not Net Income
- Operating profit is a company's profit after all expenses are taken out except for the cost of debt, taxes, and certain one-off items.
- Net income is the profit remaining after all costs incurred in the period have been subtracted from revenue generated from sales.
- Operating profit helps to separate a company's profit by showing the earnings from running the business.
- Net income is important because it includes all revenues and costs and is used to calculate earnings per share.
They have wasted millions of dollars on the RADDOG and NOT SOLD ONE!
ROAMEO is not needed BUT Steve makes millions developing it.
Yup. CEO went big and he bought a big home with shareholders cash.
It's a share selling SCAM
kILLaZilla has valid concerns due to the past.
The Future is uncertain but I'm optimistic new management will take over and this could see . 001 soon and .01 minimum.
We wait and we debate.
All the best to us!
Put a fork in it, it's DONE.
Insiders have made their millions.
Yes. Long term.
20 more years and the POS will make you $1.00.
It's a share selling SCAM.
Watch this and make up your own mind.
Click on the "watch on YouTube"
DILUTION - OS number in context.....
08/24/2018 Reverse 1:100
03/27/2020 Reverse 1:10000
March 2023 AS announced to increase to 7 Billion
Mid April. 400k. ( following 10000:1 RS was 4 billion)
Mid May. 2.3 Million
Mid June 17.2 Million
Mid July 152 million (Restated 196 Million)
Mid August 446 million
End September 843 Million
October 1.504 Billion
November 1.889 Billion
December 2.326 Billion
Feb 2021 OS has continued to rise, and is now 2.9 billion
Mar 2021 3.229 Billion
Apr 2021 3.545 Billion
May / June No Change
July 2021 3.853 Billion
Aug 2021 3.967 Billion
Sep 2021 4.03 Billion
Oct 2021 4.33 Billion
Nov 2021 4.38 Billion
Dec 2021 4.43 Billion
Jan 2022 4.63 Billion
Feb 2022 4.73 Billion
March 2022 - No Change
April 2022 4.83 Billion
May 2022 4.86 Billion
June 2022 4.94 Billion
July 2022 4.99 Billion ( AS of 5 Billion increased to 6 Billion)
Aug 2022 5.06 Billion
Sep 2022 5.08 Billion
Oct 2022 5.15 Billion
Nov 2022 5.27 Billion
Dev 2022 5.36 Billion
Jan 2023 5.50 Billion
Feb 2023 5.83 Billion
March 2023 5.89 Billion
Apr 26 2023 6 Billion
May 18 2023 6.05 Billion
May 31 2023 6.1 Billion
June 6 20236.2 Billion
June 23 2023 6.4 Billion
July 11 2023 6.5 Billion
July 28 2023 6.7 Billion
Aug 29 2023 7 Billion
Sept 12 2023 7.1 Billion
Oct 10 2023 7.2 Billion
Oct 25 2023 7.4 Billion
Nov 11 2023 7.5 Billion
Nov 29 2023 7.7 Billion
Dec 13 2023 8.1 Billion
Dec 29 2023 8.3 Billion
Jan 18 2024 8.6 Billion
Feb 01 2024 8.9 Billion
Feb 16 2024 9.2 Billion
Mar 04 2024 9.5 Billion
Mar 19 2024 9.7 Billion
Apr 05 2024 9.9 Billion AS being raised to 12.5 billion
June 2024 10,947,066,422 (+339m shares)
July 2024 11,157,761,604 (+210m shares)
July 19th 11,303,537,143 (+146m shares)
Aug 2, 2024 11,449,528,185 (+146m shares)
Aug 14, 2024 11,549,528,185 (+100m shares)
Aug 23, 2024 11,649,528,185 (+100m shares)
Sept 10, 2024 11,744,528,185 (+95m shares)
Sept 16, 2024 11,801,671,042 (+57m shares)
Sept 18, 2024 11,911,671,042 (+110m shares)
10 years of selling shares and spending millions and millions of dollars is not a "new" growing company. But good try.
The only ones making money are insiders and the CEO.
No one should believe me, you or a penny stock CEO... Ever.
Do some DD people.
Lol Alexulf.
.0027 and dropping.
No one believes the CEO anymore.
This is just a trade for a few people and a millionaire maker for insiders.
Lower highs and lower lows.
Put a fork in it. It's done.
From another board.
Check out the last three dates there was dilution.
The updates are coming fast and furious now.
Outstanding Shares 10,947,066,422 06/18/2024 (+339m shares)
Outstanding Shares 11,157,761,604 07/04/2024 (+210m shares)
Outstanding Shares 11,303,537,143 07/19/2024 (+146m shares)
Outstanding Shares 11,449,528,185 08/02/2024 (+146m shares)
Outstanding Shares 11,549,528,185 08/14/2024 (+100m shares)
Outstanding Shares 11,649,528,185 08/23/2024 (+100m shares)
Outstanding Shares 11,744,528,185 09/10/2024 (+95m shares)
Outstanding Shares 11,801,671,042 09/16/2024 (+57m shares)
Outstanding Shares 11,911,671,042 09/18/2024 (+110m shares)
My goodness Steve.
You diluted more shares two days later. No wonder there was a "pullback" Alexulf.
Now 11,911,671,042
Done. Is that the sticky post you wanted?
.0006's up on the ASK
From another board.
mickth
$AITX Can we agree the business model is actually sound? The product seems to be good, and the financials seem sound. The big question is whether Steve R. is on the up and up, or if he is a crook. I honestly can't decide.
Boiler_Master
@mickth lmao no we ain't anywhere close to agreeing on that. They're losing 20M a year while the CEO pays himself 3M a year. Shareholders equity is like negative 40 million. Tens of millions in debt. They've been diluting 1 billion shares per quarter to cover losses. And the CEO isn't effected by dilution bc his preferred shares convert into like 75% ownership of the company regardless so if/when he converts it's tens of billions more common shares. The business model it entirely about selling shares. They're heading towards bankruptcy, the common stock is worthless, and the only person making money (millions) are the CEO and the private unnamed investors making insane interest rates paid for by diluting common shareholders.
rmbadd
@Boiler_Master @mickth he also controls the r and d company that aitx uses. nobody ready for that one. On top of all the money he pays himself, he also get a percentage of r and d money. which is why it’s always so high
Someone wanted 10 million shares at .0005
Cancel over a billion shares?
https://trellis.law/doc/216785507/5-complaint-statements-claim-complaint-unofficial
Why does Alexulf post and then Steve dilutes millions of shares?
Should the SEC look into this?
Should the AITX Board of Advisors meet and discuss this?
Should someone ask Antonio Johnson why he left the AITX Board of Advisors?
That may tell the SEC a lot.
SCOT - gone
AVA - gone
ROAMEO - gone
RADCAM - gone soon
Steve always comes up with ideas that are already out in the market or failed and he makes them sound sexy. Then he sells shares and more shares and more and more shares.
Check the sticky post up top to see how many shares he sells recently. He's been doing it weekly.
Don't believe me, a member of the aitx Board of advisors or a penny stock CEO.
Hands up if you bought above .0035 after the fluff news that aitx is about to take on RING. LOL
11.8 billion shares now.
Got to keep the doors open. Can't sell product, must sell shares.
REVERSE SPLIT IN 2025 AND NEVER UPLISTING.
STOP WITH THE FLUFF.
.0019 NEXT
SELL Those SHARES Steve and Mivil.
One million or two million dollars to create a security system that is already out there.
Steve is always two steps behind the market BUT it sells shares which is what AITX is good at.
8 years of being 2 years being behind the competition EVERY YEAR!
But it’s a share selling scheme and makes the CEO massive amounts of money each year.
Don’t ever believe me just do your own DD here.
Alex ULF do you think the AS will be 15 billion or 20 billion by year end.
It's a share selling SCAM!
Mivil should go to jail also for promoting this.
Antonio Johnson was never this bad.
Be aware that AITX Board of Advisors have been illegally promoting this scam for years.
Fluff BS news for 8+ years now.
Steve should go to jail IMO.
How can you promote this share selling SCAM!
"Aitx Steve Reinharz has Diluted for the 2nd time in a week. Ceo Steve Reinharz has increased the number of outstanding shares from 11,744,528,185 Billion to now 11,801,671,042 Billion shares in 1 week."
WOW! How big is his bonus this year!
POS SCAM!
Aitx Steve Reinharz has Diluted for the 2nd time in a week. Ceo Steve Reinharz has increased the number of outstanding shares from 11,744,528,185 Billion to now 11,801,671,042 Billion shares in 1 week.