Do what you want, but go read the filings, carefully. Take them to your accountant if you don’t understand them.
This company has over 1Billion shares in convertible notes due or coming due. That means 1B shares will enter the market. The authorized shares are are only 500million so they will have to reverse split this company 2x to clear the debt they already have (assuming they don’t borrow more money which they will)
There is no revenue. There have been no bots placed except 2 proof of concept (non paying customers) back in June. Recent PR said company is preparing to place first 2 bots with first paid customer.
When RAD/OMVS gets a bot from SMP they pay 50% when they order it and 50% when the bot is delivered. When RAD places a bot with their customer they receive 20% upfront and 80% over 3 years. Assuming 20% + margins they need to borrow $30-50k every time they fill an order for a bot. To fill the 62 bot reservations they’ve claimed on twitter (no 8k on actual contracts) RAD will need to borrow at least $1.86m to get the bots from SMP to fill the orders.
RAD could have gone public on otc for about $65,000 with a clean new company. Instead they merged with OMVS which has been around for years, and has been pumped and dumped several times already. All OMVS existing past due convertible debt was preserved in the merger. OMVS is one of 10 companies controlled by a lawyer in Texas, these are known as the “toxic 10” because all they do is issue more and more shares, reverse split, and then issue more shares again, driving the price to practically $0 again and again.
All of this info is available online and the financial info and convertible debt info is in the filings. The transfer agent is barred by the company (gagged) from disclosing exactly how many shares are actually trading. Market maker MAXM, who does not work for retail, but only for big money and insiders, has dumped millions of shares of dilution into the market since last May. And continues daily dumping more shares.
This is not an investment it’s a penny stock pump and dump insider enrichment scheme. Don’t take my word for it, don’t take anyone’s word on ihub. Read the filings yourself. Take them to your accountant. Do DD.
It makes me sad to see ppl lose money to the ppl who run this company and others like it. Good luck to you
