Yeah everybody-is WAY-to-happy about-this NEWS in-my-opinion. 99%/chance that it doesn't matter what news they release with the history of dilution and toxic convertible debt imo. Seen it 1,000 times, toxic debt almost ALWAYS overpowers potential gains in share price. Their 8K filing from Wednesday shows 296,636,667 shares issued in just 20 days!!! To make the total now 1,332,405,566 shares!!! Nearly 30% increase in 20 days!!! The filing said nothing about that note being fully converted either, so I bet that debt holder is still converting/diluting. Then they come out with news the next day? Which surely creates volume... Seems STTK is primed for debt holders to convert and dilute the O/S since news just came out imo. BUT, that is cool of $STTK to even file the 8K to make investors aware of the O/S increase without having to get it from the T/A.
Then Thursday's news quotes the CEO saying: "RadioLoyalty’s unique content delivery platform" "With RadioLoyalty’s unique content monetization process through video in-stream, video pre-roll and display advertising, and our focus on an optimal listener experience including our loyalty program, we are confident that RadioLoyalty, Marvina and listeners will see excellent results"
What I take from that is, "unique content monetization process" to me means normal way of making money, "through video in-stream, video pre-roll and display advertising" to me means showing video's with advertisements, "we are confident" means NOTHING until number$ show up in filings. And for those that say "it will be to late once they report "profits"", I say it's NEVER to late to invest once a company shows profits, but it's almost always too early to invest when toxic dilution is occurring like reported in Wednesdays 8K filing.
All my posts are for entertainment purposes ONLY. Never buy/sell anything based on my post(s). Any views I may post are only my opinion.
AI
