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R/S does seem likely, especially with the O/S blowing up to almost 90m. Still worth monitoring.
Consolidating over .30 is all that is needed imo
hope people benefited from my ta post.
yw
30 min charts with moving averages? Cmon Clay.. Look at the 4hr. It hit another support level and bounced off of it.
Next level is either .80 or .66.
Lesson over.
I bailed at 1.03, which was support. Price action is working it's way down the levels. 90 80 70 and I'm going to assume 62 then maybe 50s. Or, it magically fills the gap at 1.70 before.
Rather just watch the shit show at this point.
This is what's probably going to happen. see image
https://imgur.com/a/kMRyVBS
Daily gaps are always relevant. There is one at 1.71 and one at .61c. I'm sure one of them or both will get filled eventually.
ppl market selling that bought pre-market news
its 1.29-1.30
pr had a lot of reputable doctors/institutions on it but there's probably too many shares for a move to $2 in a day. Maybe it can over 1.30 by Friday.
20% from bottom is a pop. Good liquidity though.
18m vol in 30mins!
This is odd.
Is it no commish on OTC as well? TD still commish on OTC
Why would you need a R/S when the A/S is unlimited.
looks like they own companies in india that produce plastics. maybe read a 10q
btw this is obviously bs but who cares
pumping the day 300k in convertible notes are due.. only 600 million shares btw
geniuses
Not as old as this:
CEO Charles Yawn and COO JR Bott ran a scam here, sold Wave Marine to themselves for 200,000,000 shares when the float was 6.7 million shares, then sold every last share into the OS, bringing this from .07 to .0003. All this time, they pumped on IHUB. Where's the valuation report we were supposed to see?
Now they are non-reporting. STOP SIGN.
All announcements were BS. There was never a Puerto Rico project. This 'business trip with their buddy-pal Alan Tucker was glorified on their Facebook pages with photos of them out to dinner and hanging on the beach.
https://www.facebook.com/photo.php?fbid=10154567206308773&set=pb.628593772.-2207520000.1523797292.&type=3&theater
https://www.facebook.com/photo.php?fbid=10154567206248773&set=pb.628593772.-2207520000.1523797292.&type=3&theater
They never bought Florida Marine. All PR's were lies. These crooks should be in prison.
REPORT TO SEC!!!
Magic. They raised the A/S to 5 billion 14 days ago.
daily gap fill and basing above last support. looks good to 4+ if no neg earnings or news again.
Don't be the last one out.
After the dead cat bounce, this is donezo.
Classic rising channel.
Another note matures on Monday.
New notes 7-15 10-15 and Jan 2019 (over 3 million dollars)
The CEO is one of the note holders, and I guarantee he is selling shares too.
See below:
The Company has an $840,000 convertible note payable (“Note 1”) to a related party entity controlled by the Company’s CEO. Note 1 bears interest at an annual rate of 7% with an original maturity date of June 11, 2017 that was extended to June 11, 2018, at which time all unpaid principal and interest is due. The holder of Note 1 has the option to convert the outstanding principal and accrued interest, in whole or in part, into shares of common stock at a conversion price equal to the volume weighted average price per share of common stock for the 30-day period prior to conversion. As of March 31, 2018 and September 30, 2017, Note 1 has not been converted and the balance of the note was $688,444 and $688,444, and accrued interest was $101,806 and $77,776, respectively. This note is considered a stock settled debt in accordance with ASC 480 and the fixed monetary amount is equal to the principal amount based on the conversion formula.
The Company has a convertible note payable (“Note 2”) with the Company’s CEO. Note 2 bears interest at an annual rate of 7% with a maturity date of December 31, 2017, at which time all unpaid principal and interest was due. On December 15, 2017, the due date of Note 2 was extended to July 2, 2018. The holder of Note 2 has the option to convert the outstanding principal and accrued interest, in whole or in part, into shares of common stock at a conversion price equal to the volume weighted average price per share of common stock for the 30-day period prior to conversion. During the six months ended March 31, 2018, the Company borrowed $500 and repaid $90,000 on this note. As of March 31, 2018 and September 30, 2017, Note 2 has not been converted and the balance was $32,500 and $122,000, and accrued interest was $12,744 and $10,707, respectively. This note is considered a stock settled debt in accordance with ASC 480 and the fixed monetary amount is equal to the principal amount based on the conversion formula.
1.0 million was due March 2018
CEO notes over a million
July 15th 2018 note
Oct 15th 2018 note
3.5 million due Jan 2019
Shady part is the CEO note B, which was extended to July 2nd, which happened to be when the govt (300k a year) contract was reported.
They can never pay the monthly fees on the notes, so everything just snowballs.
btw they sell tractor hitches.. why are they called DRONE USA?
Pretty fluffy news. Let's see if the note holders let it run before they dilute the sh*T out of it again. The 10q has so much debt conversions coming up that they will have to raise the A/S again.
1.0 million was due March 2018
CEO notes
July 15th note
Oct 15th note
3.5 million due Jan 2019
Shady part is the CEO note B, which was extended to July 2nd, which happened to be when the govt (300k a year) contract was reported.
They can never pay the monthly fees on the notes, so everything just snowballs.
btw they sell tractor hitches.. why are they called DRONE USA?
GL!
Next note matures in 4 days! Everyone excited?
Another note matures on July 15th
lul
Read the 10q.. There are plenty of shares coming.
lul his tweet said they will be lower, not gone. I'm not even hating or will post anything else. I just find it funny that they have 17 billion in warrants.
Warrants 15,468,633,381
Convertible preferred stock 893,098,291
Convertible debt 781,485,502
Stock options 38,478
17,143,255,652
Total current liabilities $178,379,905
And it's going up.. lol the OTC is a funny place
Half the float? lol. Wait until the CEO updates the OTC site.
Schedule 14C A/S raised to 1.5 Billion May 30th
10Q A note matured on July 2nd- same day news came out. Another note will mature on July 15.
Same 10Q shows Convertible notes payable 8,418,018 which is up almost 5 million from previous 10Q.
Any more questions?
New note matures on July 15th btw
they raised the A/S to 1.5 Billion to be able to handle all the conversions. So if you see anyone saying low float blahblahblah - they are full of it.
CDEL diluted yesterday as well. The difference is there are a lot of profit takers (bid dumps). That's what happens when you have 8million in notes.
Clay has been around forever.. He isn't doing anything unethical. Just hustling like the rest of us.
.0717 is a good guess, but it depends on when the debt holders decide to convert (8 million in notes).