Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Bob, at current prices, selling would 1M shares would provide $70,000 to the company vice $700k.
Impressive update.
TOP Ships stock drops, after 6th reverse split in past 2 years.
From Aug 22nd 2019 article on MarketWatch:
TOP Ships Inc. shares TOPS, +1.77% fell 5.3% to $6.59, but this was after the price was adjusted following another reverse stock split. The Greece-based ship-owning company effected a one-for-20 reverse stock split Tuesday, which in effect lifted the stock's Wednesday closing price to $6.96 from about 35 cents. The reverse split follows a 1-for-10 split in March 2018 and four reverse splits in 2017 that increased the stock price by a multiple of 18,000 that year, according to data provided by FactSet.
Mighty, with a 1:1 million reverse over two years u must be down a bit.
The stock price, taking out both reverse splits of 1:10000, and 1:100 over the last two+ years is currently $0.00000006. I was buying in the pennies before both splits. So for a purchase at $0.05 back in 2018, you’re down a bit. Today it’s traded 330k shares which before just the last split would equate to a volume of 3.3B shares. This can’t be good as the price is down. I was lucky enough to exit when the President was talking artificial intelligence in general a year ago, and the stock went from $0.0014 to $0.0110 in three days. I got out over a penny with a huge loss. To get back to the price I got out at, the stock needs to go from $0.06 today to $110.
Exactly what many thought during the previous 1:100, roughly $0.0060 on the day of the reverse, opened approximately at $0.60x$0.70, and proceeded down over the next few weeks to pennies, then of course to where it is today. When this opens at $1x$2, it’s hard to see this moving higher IMHO.
Pat, I sold at $0.0103 a couple weeks back when the only item to come out of the long awaited CES was the alliance with Akyumen. I was hoping for more exposure and much more interest in the stock. When it wasn’t there IMHO, I sold. Still watching.
IMHO, these ads are not going to be during prime time. The audience for these ads may be on the low side, and possibly not the investment community types.
Large T-trades, last two sessions. Any concern that some are selling millions into low bids? Especially ahead of what is being interpreted as good news (advertising)?
What's the benefit of ArkNet running on a projector phone where you need to shine it against a screen/wall? Thanks.
Money, how does a projector phone benefit the ArkNet APP? This is the most confusing aspect of this alliance. That's why I punched out this morning. To go through 4 days of CES, and that was the news was disappointing.
Yet another reason to exit, they have no web site. For a phone which was in the news in 2017, this was surprising.
Agree. It was a missed opportunity to showcase ArkNet. From the lack of news other than the APP being preloaded on a future projector cell phone, I expected much more. Unfortunately, I'm out of the of the stock as of this morning.
Pepsi, love your posts, but help me understand how the future Akyumen phone will be a benefit to ArkNet. They didn't demo ARKs at the CES. If you shine the phone as a projector to a wall, you'll see what is on the screen. Isn't the lure of Arknet that the ARKs are floating in space over a particular GPS point? I don't see how TTCM's APP will be beneficial on a projector phone. I'm sure it won't be the equivalent of a hologram. Another reason for today's exit.
It would have been nice if there was interest at a show they attended. This could find support back in the 50-70 range IMHO. But even at that time, they need something concrete to drive it back to the mid ones.
I like the technology, but I'm out of my 500k shares today. This announcement was not as grand as expected. Was hoping for a demo of ArkNet, maybe some more bells and whistles, etc. This merger will not reach any fruition for years IMHO as Akyumen doesn't have a phone for sale at this time. The advertising at the end of the month may help the SP, but who knows what times of the day these ads will run. I just don't see something on the horizon which can drive this to $0.02 or higher. Hopefully they do continue to move forward and I'll be back in, but to me, this CES news was a disappointment. Could they have had a booth, with a screen demoing AR ARKs? Something more than an evening announcement of an alliance with Akyumen, where the same APP can be downloaded for free right now. In the words of the Sharks on ST, ..."and for that reason, I'm out."
GREAT Post, thanks. Can you filter out post 4pm T- trade volume? Just show closing prices at 4pm. If I wanted to check a list at 4:30pm it looks like TTCM closed at $0.0118.
They have non-disclosure agreements with the purchasers. This IMHO prevents the stock from moving and for new investors to take notice. This coupled with toxic convertible notes are the two primary reasons the stock trades the way it does, IMHO.
Revenue post from Oct 1, 2018:
Reno, NV, Oct. 01, 2018 (GLOBE NEWSWIRE) -- -- via NEWMEDIAWIRE - Artificial Intelligence Technology Solutions Inc. (AITX: OTCPK) provides guidance for its wholly owned subsidiary (RAD - www.roboticassistancedevices.com).
RAD’s suite of products which presently includes SCOT, WALLY and FRED provides recurring monthly revenue for RAD. On Average, each SCOT, WALLY and FRED respectively can generate, over a 4 year period, $60,000, $25,000 and $12,000 of total revenue for the Company.
So for today’s 8/15/19 press release for 2 SCOTs, the company will generate $2,500 per month. 60k/4 Years=15k/12=$1,250 eachx2=$2,500. Maybe their revenue model has changed but this is the last revenue press release I can find.
1 year convertible notes which were used to fund the original rover security solution hurt this stock in the worst way. This solution failed, and the company had no funds to pay back the noteholders so most converted. Then they announced a 1:100 R/S when the stock was $0.05 and it plummeted over the next few months to $0.0060. The stock opened the R/S day at $0.60 x $0.80. The stock then proceeded to plummet as more conversions came in to what we have today. It appears another R/S is on the horizon based on their May 2019 news release. After this R/S, it will be interesting to see their 10Q to check how many notes are remaining. It appears they do not have enough deployments to fund the business without looking for other avenues of funding. So Steve is building a business, but the shareholders are paying an enormous price. This would have been more exciting to invest in if RAD stayed private and came public on their own when the company was sustainable with rental income. Very disappointing, but still watching.
666 (six hundred [and] sixty-six) is the natural number following 665 and preceding 667: https://en.wikipedia.org/wiki/666_%28number%29
Does a new LOGO normally translate into pennies, even with almost 4 billion shares outstanding?! I sure hope so.
Beta testing can take months. Why would the Chromesters launch an app with bugs? Testing is the way to go, even if it goes well into the summer.
Why isn't this flying? "7" handle????
What do we do about MAXM and ASCM on the ASK?
I believe they are a diluter.
June will be rough for conversions. Approximately $715,000 is due over a week which at today’s share price of $0.0015 would add almost 477,000,000 additional shares. We know that’s not possible with 480M authorized and approximately 200+M currently outstanding. So either the authorized needs to be increased, or a R/S.
You too PB. I believe if there weren't these non-disclosures which the customers require, the stock may have went through the tough times a lot better.
History - Sadly in Jan 2018, this stock was at $11.50 post 1:100 reverse split. It ran pre-split from $0.05 to $0.28, dropped to single cents, then rallied following the new year to $0.11. It dropped through the year to $.0050,split to $.50, then dropped again to $.0011. Rallied to $0.0150 recently which was a gift, and is now back to $.0035. The products may be great, but the share structure has hurt SO, SO many shareholders.
See image of convertible notes and recent stock history. As of their last public release, 1/4 were renegotiated, we were not told which. But there are many notes which will become convertible as soon as they become current again. When they were lastcurrent, shareholders had to endure daily conversions IMHO taking the stock from $11 Dollars (post 1:100 reverse) in Jan 2018 to $0.0014 the day before the recent AI hype. Long term shareholders have loved the tech the entire time, but the stock share structure has been brutal for all.
What about the convertible notes?
It's the share structure and convertible notes you need to be concerned about. Rode this down and cost averaged down from $13 post reverse split to $0.0011. Imagine that.
Yesterday’s open, IMHO was a Market Maker fake out. This has happened before, open looks strong, then at 9:31am it’s actually down. Didn’t you find it odd that the spread was 0080 to 0136?
Agreed. The share structure and convertible notes are what caused the drop from $12 (pre-reverse split) in Jan 2018 to $.0011. It was the same fledgling company with great tech a year ago but funded it mostly with 1 year convertible notes. In 1 year it was unlikely the company could pay back these notes other than through conversions, which decimated the stock. They need to renegotiate ALL notes and push them out years, followed by decent revenues and eventual earnings. So many of us loved the tech where the initial moving robots failed and they went the stationary SCOT/Wally route, which many customers love. But the stock itself has been so, so poor. Unless this changes, my thought is this drifts back down, and if the company gets current and had not renegotiated the existing notes, a R/S seems likely as well. Many of us have been concerned about ANOTHER reverse coming especially last week when it was $.0014 prior to the AI news, and the O/S was heading towards the A/S number.
The 10Q to be reported is for the period ending November 30th, 2018.