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NEXT LEG COMING UP!!! SHOULD RUN PAST 2 CENTS!!!
.02 COMING LOOKS CRAZY GOOD
imho
Till now 150% up in one day, this is really rare ( ok it went down a lot but not in one day ... )
LOAD UP!!!!!!!!! THIS ONE'S ABOUT TO EXPLODE!!!!!
BOOOOOOOOOOOOOOOOOOOOOMMMMMMMMMMMMMMM
sweet 01 break w 50dma 013 then 200dma at 0286 lotta room to run imo
The only news I found is that it got noticed for its momentum..
https://www.drpjournal.com/otc-momentum-watchlist-nafs-idgc-gegp-dcac-abce/
Now wait and see...
Possible big contract for irrigation canal solar project.
A big volume surge again... not seen since very long time.
Went up a lot higher.. somebody know what is happening ?
Any news ? Or is tomorrow the news coming out ? Because all recent earnings are filed....
I check in periodically to try to get a sense of whether it is worth taking a position again. Unfortunately, I see lots more convertible debt has been recently issued, and likely will keep being issued, as they still don't have the revenue to keep the doors open without it. This will go to triple zeros and reverse split again.
Are you still here? Havent followed this since I lost my pants here.
Luckily I recovered big time with the penny all you can buy triple storm early this this year.
Here still the same old song I see, take convertibles, sell, reverse split. Rinse and repeat. And now again 150M shares hanging above the market.
What a joke, SEC should already have suspended this long time ago.
What a disaster. No coincidence that we are seeing 52 week lows with these sorts of announcements.
It is better for you that you read this
a "Post reverse" +
https://www.otcmarkets.com/filing/html?id=15408588&guid=kDIwkpAMy8vnFEh
=> Absaroka Communications Corporation and Domer LLC, are the Selling Shareholders, selling 120,000,000 shares and 30,000,000 shares, respectively. See “plan of Distribution” below.
=> Clean up of working capital deficit AND high debts :
Our working capital deficit at September 30, 2021 was $(1,251,205) and it was $(1,509,716) at December 31, 2020. This decrease of $258,511 was primarily due to gains from conversion of debt from current to long term or discounting the debt on payoff. Also, the decrease is caused by reductions in overall debt from $1,926,206 at December 31, 2020 to $1,548,051 at September 30, 2021. Losses from operations during the nine months ended September 30, 2021 also decreased from $(799,162) to $(209,295) for the same period ended September 30, 2020.
=> all your remarkt about dilution :
https://www.otcmarkets.com/filing/html?id=15408588&guid=kDIwkpAMy8vnFEh#ABCOENERGY20211201_S1_HTM_DILUTION
“Dilution” represents the difference between the offering price of the shares of common stock and the net tangible book value per share of common stock immediately after completion of the offering. “Net tangible book value” is the amount that results from subtracting total liabilities from total tangible assets. As of December 31, 2020, our Company had a negative book value of $(1,377,655), which represents approximately $(.02) per share post-split, based upon shares outstanding of 70,462,489. This is due in part to shares of common stock issued upon conversion of certain promissory notes during the fiscal years ended December 31, 2020 and December 31, 2019.
Please refer to the section entitled “Interest of Management and others in Certain Transactions” for more information. Assuming all shares offered are sold at an assumed offering price of $.02 and in effect we receive the maximum estimated proceeds of this offering, our total shareholders’ equity will be approximately $1,322,345 and our net book value will be approximately $.006 per share. Therefore, any investor will incur an immediate dilution of approximately $(.014) per share. Our present shareholders will receive an increase of $.026. This will result in a 70% increase for 100% of offering. If 10% of the offering is sold, any investor will incur an immediate dilution of approximately $(.013) per share. Our present shareholders will receive an increase of $.007 per share. This will result in a 65 % increase for 10% of the offering. The following table illustrates the dilution to the purchaser of the common stock in this offering assuming the maximum proceeds or the minimum proceeds are raised and that the total outstanding shares at September 30 , 2021 was 70,462,489 shares.
These numbers are calculated on Post Reverse 1 for 170 reverse split calculated at January 4, 2021
And it is 100% the company's fault. Toxic debt (which they still have been issuing even up to just a few months ago) and non-stop dilution.
This will drop to triple zeros and then RS again.
Wow! just found ABCE was $4.6 in 2019, $0.9 in 2020, and $0.017 NOW !!!
What a run!!!!!
That means they've been shorting this Scam: the lower, the better, as they wish!
!!!!!!!!!!!!!!! LOL-- corrected!!!
I think you mean 'you're'.
wow-- you're still active here???
> On July 19, 2021, the Company entered into an Equity Purchase Agreement with Oasis Capital, LLC, a Puerto Rico limited liability company (“Investor”) pursuant to which Investor agreed to purchase up to $2,500,000 of the Company’s common stock at a price equal to 80% of the lowest traded price of the common stock during the five trading days immediately preceding the applicable purchase (“Put Shares”).
Dude what world are you living in - these guys have a tiny amount of converts for OTC. Only $176k and most of it not coming due until 2022.
55M OS, $1.5m revs and chart already curling up. This will hit .15-.20 soon.
> How you can predict a future massive dilution?
By looking at notes *already* issued.
How you can predict a future massive dilution? You can't know how it will go in the future !
Their selling is picking up, so automatically the company needs less cash.
The big dilution has not stopped. I've already given a link to show the future massive dilution we should expect. It's precisely the same sort of level of dilution that took the PPS down by 99%+ over the past few years.
I didn't speak about the past performance of this stock. That is obvious with previous results and stock split + dilution.
Yes the company did many years bad with company + big dilution..
I am speaking about the future. Look there results, it really improved, included the debts, now it is up to the company to grow.
This has lost over 50% in the last few months alone. Let's not pretend the reasons for this are not clear.
Ah I thought so you would react.
It is only the first profitable quarter since a long time ago, so this needs to be confirmed with the next quarter.
I think next months the company will dilute less or not even much anymore.
Because their "Total Current Liabilities" did go down $400K +, that is almost 20% less debts than 6 months ago, which will help ( included the note to pay back ).
Doesn't matter. With the upcoming dilution the PPS will be crushed. A mediocre increase in revenues won't stop that. I'm not surprised the market is reacting the way it is.
Really great news from last quarter ( Q2 2021 )
The company is "already" in profit :
Net income from operations : $86,450
Net profit of $44,518, this is $0,01 per share !!! ( to be more precise, it is $0,0014 just for Q2 2021 )
This is a great improvement ! Finally !
The company doubled the revenue compared with last year AND "most" of the loss of Q1 2021 is being erased, the next quarter will be profitable too, this means a profit already in 2021. The company can keep growing !
10Q filing of Q2 2021 of ABCE :
https://www.otcmarkets.com/filing/html?id=15180368&guid=wQq1kFT4WVazIth#ABCOENERGY20210630_10Q_HTM_A1
Costs going down is irrelevant when they continue to take on toxic debt of that scale. It's basically game over for the PPS in my view. Toxic debt kills.
There is no news lately, so nothing that helps this stock to go up for the moment. It held well lately, but slight going down again...
Soon the Q2 2021 will come out, should give an indication of the revenue, you will see that the costs will be much lower than last year, because of cost cutting and debt change.
The covid-19 is still there but the business has picked up since the beginning of this year... so should improve more and more..
This is for the middle long term.. short term I have no clue !
The following sure looks like massive upcoming dilution:
On July 19, 2021, the Company entered into an Equity Purchase Agreement with Oasis Capital, LLC, a Puerto Rico limited liability company (“Investor”) pursuant to which Investor agreed to purchase up to $2,500,000 of the Company’s common stock at a price equal to 80% of the lowest traded price of the common stock during the five trading days immediately preceding the applicable purchase (“Put Shares”).
> We have bloated stocks with billions of OS trading at $100m market cap.
Irrelevant.
GTFOH. Less than 60m OS. We have bloated stocks with billions of OS trading at $100m market cap. This is at $1m market cap and Pink current
If you look at the upcoming dilution, it is still overvalued at that price.
$ABCE is pink current with a 60m OS and over $1m in revs and it’s trading at a $1m market cap.
Insane
This POS is toast. Massive dilution coming.
> On July 19, 2021, the Company entered into an Equity Purchase Agreement with Oasis Capital, LLC, a Puerto Rico limited liability company (“Investor”) pursuant
to which Investor agreed to purchase up to $2,500,000 of the Company’s common stock at a price equal to 80% of the lowest traded price of the common stock
during the five trading days immediately preceding the applicable purchase (“Put Shares”).
Kind of irrelevant when your revenue is cratering. At some point, they'll have to start diluting again to keep the doors open, just as they always have.
Outstanding shares barely higher ! => 35,754,570
https://www.otcmarkets.com/stock/ABCE/security
This is good news ! And proven last month almost no dilution...
No, this has very little to do with COVID. Even before COVID they never had enough free cash to pay off this magnitude of debt. So let's not pretend that everything negative is due to COVID and that it is smooth sailing from here on.
You are right, the debt will be paid off when the company gets more and more orders to fulfill. Back to before COVID-19 times..
Do not forget ABCO was hit early ( already in Q1 ) because China couldn't deliver the supplies/material anymore for some months...
So really good the company is already slightly higher than Q1 2020.
Economy is improving everywhere ( which is not difficult ) and vaccination campaigns are in full power..
The Oasis debt hasn't really gone down much over the last quarter, so the dilutive pressures will remain largely the same for a while. I don't see how that can be considered anything but bad news. They are still nowhere near making a profit to consider paying it off.
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NEW MANAGEMENT LATE 2019
ABCO ENERGY BOARD ELECTS PRESIDENT AND CFO OFFICERS AND BOARD MEMBERS TO FILL VACANCIES ABCO Energy, Inc (OTCPK: ABCE) Tucson, Arizona (November 7, 2019). On November 1, 2019, Wayne Marx, the sole director of the Company, appointed Mr. Adrian Balinski as the Chief Financial Officer, effective October 10, 2019 and appointed Mr. Michael Mildebrandt as President of the Company, effective November 1, 2019. He then appointed Mr. Balinski and Mr. Mildebrandt as Directors of the Company. Mr. Michael Mildebrandt has been VP Sales since 2016. He has been employed by ABCO for the last three years successfully selling residential and commercial solar products from our Tucson, Arizona office. Mike spent 8 years in the United States Air Force and 6 years in the Arizona Air National Guard. During the 20 years after Mike’s air force employment, he was in the direct sales business as well as operating his own successful water treatment business and home appliance franchise businesses. Mike is married and is 55 years of age. Mr. Balinski has served as Controller for ABCO for the past two years. He holds a Bachelor’s Degree in Accounting and a Master’s Degree in Finance and Accounting. He brings over a decade of experience leading and directing the financial, commercial and business operations of growthoriented businesses. He began his professional career working as Controller for two firms in the housing construction business in the Tucson, Arizona area specializing in Operations and Finance. He has over two years of experience with public entities and SEC filings. After leaving his previous job and obtaining his Master’s Degree in 2017, he began as the ABCO Controller. Adrian is married and is 53 years of age. ABCO is thankful to be able to promote experienced in-house persons to these extremely important positions and will not be required to recruit outside the firm. Michael and Adrian’s previous training within the firm makes this appointment very beneficial to the Company.
ABCE MOST RECENT 2020 Filings:
Transfer Agent:
VStock Transfer LLC
18 Lafayette Place
Woodmere, NY 11598
T: 212-828-8436
info@vstocktransfer.com
http://www.vstocktransfer.com
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