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No disrespect intended toward the new Board of Advisors member. She has a strong resume also.
I'm just really excited to have someone dedicated to improving our website and social media presence, which has been a factor in why we aren't sitting on higher pps while waiting for the explosion from deals starting to close
Puget Appoints Chief Technologies Officer and Elects Chemical Engineer to Board of Advisors
The CV of our new CTO is quite impressive. Check it out!
I thought I read that on NSAV twitter, but just looked and they are clearly talking about a New York based project and not the one I was looking into
So I have no idea where I got Drife from. Maybe I just ran with someone else's speculation from stocktwits or reddit, or maybe another crypto stock I was looking at is doing a similar deal. Whatever it was, apologies for the unintended misinformation
I got a bad feeling Thursday and wanted the liquidity to add to a higher conviction position that presented a discount, so sold about 70% @.0215
Still have more shares than I went into the week with thanks to selling some just before and adding 4x on the recent dip, but all my .00s are gone now. I believe pps could hold up and maybe run more, never giving me a chance to add back under .02 and leaving me with some regret, but it's hard to picture something called Drife taking off globally. Like VB, the best we will get is a minority stake. If VB is anything to go on, we may not get any clarity on what that stake is anytime soon assuming the deal closes
I like Drife's project aim and even though it's only available in Bangalore currently, they have Mumbai, Dehli, Kolkata, and Pune listed as coming soon. It looks like something that could be big throughout India at the very least. They have a lot of work to do to get even that far, but at first glance the team seems strong, so maybe they will grow well beyond.
They migrated from EOS to æternity, which seems technically like a really solid project(I'm no expert though) and ideal for Drife with the integrated oracle feature.
GL to them and the true longs here who ignore the uncertainty and doubt that I still find compelling with NSAV. With my remaining shares, I would be more than happy to be proven wrong
Drife
Medium @Drife
Decrypt article
Older article from Bitcoinexchangeguide.com
Not for reducing the OS, but for offering compensation packages to attract new directors and officers without causing further dilution if I read the pr correctly
Seeing a detailed definitive agreement for the first aquisition and a LOI with the nanotech company imo are still the catalysts we will need for a big run, but it's good to finally hear something positive and see there's still pretty strong interest in the ticker
Done. Thanks for your service reddit PUGE mod
That would be perfect
OTC has a lot to process right now, so patience is key
I have one that submitted audited fins, which seemed to expedite things
If we have submitted unaudited filings, might have to look at a yield sign for a little while when they finally do get updated, but I would take it
Guten Morgen, mein kommisar. Patience is a virtue, indeed.
Hopefully we get a DA finalizing the deal with BCSF soon though
the next LOI after that should send us flying
Sir, you don't know how the company is behaving. You are assuming it was the company that put out the tweets, but have no evidence supporting your suspicion.
If you really cared about cleaning up otc markets, you would be urging the SEC to focus their limited resources on investigating MMs and flipper herd shenanigans and prosecuting unregistered broker/dealers issuing toxic debt and scamming companies and shareholders alike. These problems far outweigh any damage done to otcmarkets versus a stock going up faster than it should for any reason. Anyone who gets stuck in a real scam should learn a quick lesson to do better dd or turn their money over to a professional or index fund.
See if you can find out how much longer they will need to bring this douchekit to justice
Until the ballance sheet starts to reflect the bright future they are projecting, the true long term future is uncertain. Believe otherwise in any pink lotto ticket, and risk ending up with overweight bags (unless of course you're adding from profits already taken here, in which case, Godspeed you glorious autist)
JMO & GLTA
Not a burner, just hopped in and back out for a tiny profit when I got cold feet..read the filings and felt a little vindicated, but I wasn't lying about hoping I'm wrong, which I frequently am. I don't want my neighbors to lose, ever, which is why I presented a opposing view to caution anyone thinking there are nothing but blue skies ahead.
You're right about the attorney letter, and I almost definitely missed some run here well above the .0203 where I got out. If they find the working capital to execute those lofty ambitions without too much further harm to true shareholder value, I will have probably taken profits elsewhere and happily buy back in here for a long hold at any pullback from whatever price you can pump it to
No disrespect intended and sincere GLTA
Have you at least read the most recent Annual report before making that leap?
I did flip out of this Wednesday to add to a higher conviction position and start a new one still on the ground floor..hope I'm wrong here and you charge to the moon, but they don't have cash or significant revenue (or any news indicating a ramping up of customers) to cover operating costs, and admit in the going concern disclosure that they will have to raise additional capital through stock offering(which they can only do through increasing the AS if they don't want to rs)
The two classes of preferred stock having par value of .001 vs .00001 for common, unless I am wrong means the preferred shares convert into commons at a rate of 100 to 1..which could mean billions more in dilution
If they get some solid partnerships and adoption from a big city or two with some clean infrastructure grants, you will be golden, and if I got in early I would be happily riding free shares to see what they can do long term, but they had over $2M in accounts receivable according to the 10Q from 2018 which was the most recent filing before these just up. That would be from the Chicago suburbs news on otcmarkets.com, but unless they got it all in Q4 2018, it just disappeared or they didn't complete the work because there were 0 revenue reported for 2019.
Sorry to bear thesis on your parade, but I don't like what I see yet and a yield sign is still a red flag with filings still missing to get fully current and big hurdles beyond that to be fairly valued anywhere above .00~
GLTA and hope I'm dead wrong
Agreed on a long term hold. It would take something drastic to shake my conviction here. Can't wait to see where we're at early next year.
I've been disciplined this year with other plays taking out my initial plus a little extra when the opportunity presents. The short term capital gains are starting to mount and in two of those I just wish I had my cheap shares back. Would be nice just sitting on(and adding to) everything I have for a change
He couldn't go into specifics, but said there had been talks with a nanotech company that was adjacent to(or involved with..can't remember exact wording) the solar industry.
First things first, though. Need that LOI to become a DA to finalize the first deal, then LOI or JV with the next target should send us flying
Why would shorts be trapped? Can't they buy the panic sellers shares to cover?
Agreed. Happy Vulcans, Greedy Ferengi, and and even Foolish Hoomans should recognize this as ideal continuation of the bull thesis
Ferengi Rules of Acquisition
No mention, but would make for a juicy headline for a PR discussing the proposed deal!
No doubt, we would need multiple revenue generating acquisitions to be able to get capitalized enough to even think about launching a SPAC. Ideally the 8k is announcing the first of those acquisitions
An 8k is more to cover PR and 8k alone would still be insufficient for this kind of news. We eventually need to see either a Form 4, Schedule 13D, Section 13(a) or 23(a) Statement of Beneficial Ownership(which hasn't been updated with the SEC since 03/17).
I don't know which form is appropriate or whether we even have an obligation to file these with our current status, so if everyone is happy to stay pink forever it may not be technically required, but I want to see something with teeth and know that we are moving toward a fully reporting issuer eligible for eventual uplisting
I won't be selling if I don’t see this, but I won't be adding either
Maybe someone else can dig something up, but I couldn't find anything(much less a website) on TG at DuckDuckGo. Maybe they meant emerging major private equity firm, kind of how we hope VirtuaBroker will emerge to become a major global crypto broker.
A more detailed PR and SEC filings to clarify things tomorrow or early next week SHOULD be essential to sustain a run into VB Day and the launch of this rocket, but maybe it will run big on blind trust and hopium alone. Never can tell these days
Full disclosure: if that came off as negative, I'm a little bitter I didn't average up under .02, so maybe subconsciously hoping more weak trees are out there ready to shake, but I do think we should keep level heads here unless we want to get caught with our pants down if Mr. Tilton gives columboT a reason to return with a gloating "I told you so"
Yeah, the bears may be able to feast on FUD with tweets like that. I could buy back some of my old shares at a nice discount now but not averaging up here when it is more likely to churn lower near term
I want to wait until I can put some money in VB and give it a test drive but if we drop back to subpenny before then, it may become too tempting not to add and put some profit at risk
Agreed. Been watching for a little over a month with no real digging beyond pr. If it goes back under .3 I may not be able to resist, but comfortable for now waiting to see how much further the broader market can push it down, while researching more to get a better idea of the timeline for production and scaling up
The best bit in the article for anyone who knew all that was the disclosure at the bottom letting us know the author/site were not paid for the report and have no position to cause conflict of interest
Couldn't stand seeing odd shares in my account after buying those 910, so I put half my little profit back in to reclaim the rest of what I originally sold on the pop. The bull case for getting current still makes the most sense to me. GLTA Longs
If r/s was an absolute death sentence, I wouldn't feel so foolish for sitting on the sidelines as GEVO exploded. I bought just before their 3rd reverse split 4 years ago and sold for a small profit knowing it would retrace, but kept a half an eye on it and really wish I had bought back in last March at it's low all those x's back from where they are now
completely different from the situation here to be fair, but the possibilities are endless
If they can manage an all stock acquisition of a revenue producing company, they may be able to get financing on more favorable terms and avoid r/s or a/s increase
It's all speculation until the next pr, but the SEC has been cracking down on toxic convertible debt lenders and other penny stock predators and there are a new range of possibilities for microcaps who want to do things right.
Management followed through on timely filings promised, and until I get a definitive whiff of something fishy here, I will wait to see what's next
I already posted why I am doubtful we are seeing dilution, so I will leave you with a list of considerations they will be feeling free to discuss with acquisition target(s)
I just bought 910 at market for <$2 with no fees from Schwab to settle(for myself) the debate on how easy it is for retail to false flag a 911 trade.
It does seem only logical that we will get current, but no way to know the reason for delay(bashers and pumpers alike can only speculate), so I will just sit on my free shares and wait patiently for filings
I'm with you, Spock. Will break into a Tuvok dance when we get the first aquisition(Fate willing)
I'm going to kick the tires on VirtuaBroker to decide how to play the rest of my free shares. Maybe look for a stock you actually like and get that PMA
Vulcan logic impeccable as always...couldn't resist those .0041s myself
All that petty bickering over who sold highest and bought back lowest landed us on the breakout boards, and was pretty entertaining as a bonus
GLTA.. let's get some clarity, Mr. Sawant. Fly me to the moon, and let me play among the stars
Yeah, I have seen 911 trades precede news and don't doubt there is some truth to it. We will know soon enough if it was a real signal
Haha, you're welcome. Maybe if we debate it some more we'll get enough message volume to make the breakout boards ;)
You must have missed the part where I said I'm riding free shares. Very relaxed and happy to see where ECEZ takes us.
That said, I am also a realist and know the company is required to file financials if they want to be pink current, and only then will we know how well those real products have been selling
It's not complaints or accusations. Just the facts
Wouldn't a flaw in the theory be that there is nothing stopping me(or any retail trader) from buying 911 shares to play on people's belief in the mm codes?
I'm not saying those codes don't exist, but there are some penny flippers out there who would use every trick in the bag to get action, not to mention the posibility of mm sending up false flags.
I guess if we get filings today or tomorrow we will know it was a real signal, but I wouldn't base my strategy around it
How is that negative? I speculated on a potentially legitimate reason why we aren't hearing anything from the company yet haven't ever been tagged with CE status.
I'm glad I only had to sell 25% on the big pop to lock in >100% ROI. I remain long and patiently awaiting news but someone claimed we were already current, so I went to peep the filings and brought back what I dug up instead.
rocketship.emoji
I agree, but it seems like they would have graduated from a stop sign to CE with a skull and crossbones by now unless the SEC is giving them time while the case is pending. Could be under a gag order until it's resolved