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Haven’t turned on TOS in a while but wanted to watch trading this morning. Some interesting trades in past few min. 888, 999, 16, 999, 999
Based on these earnings how can it not be a good week.
https://microcaps.com/press-release/bigtoken-reports-2021-first-quarter-results/
100% Agree!
While I’m not expecting anything in particular on or by the 15th, I think it’s certainly possible we get some news. Things I’m looking for: virtual wallet, coin, new app, ticker change, new CEO, explanation of OS (retiring shares, tracking shares, coins, etc.).
What kind of news are u expecting on July 15 ?
How bout TWOH becomes the "delivery vehicle" HMBL has been looking for? Found it funny B Foote made no mention he's still looking in Shareholder call last week.
July 15 would meet my estimate of June/July with the ticker change that I posted a few months back.
Would be nice to know when it was filed by counsel to the SEC.
Agreed. Also think we see some news before the july 15 conference
Happy 4th of July BigT investors and those sitting on the sidelines.
Spot on!
obviously the trading action and volume does not account for that much of an OS structure.
I have believed that all along the plan here is to link the shares of FPVD to a crypto coin. That way they cross markets and "Monetize" the token. You would own a coin and a share. Or you own a share and a token.
Not sure how they are going to pull it off, or if that is even the plan. But people have to ask themselves why there are about the same amount of rumored coins and shares? There is a reason. Common sense here. No way in the world to justify that share count. And obviously the trading action and volume does not account for that much of an OS structure.
Did Lou mislead investors with his disclosure of the reverse split?
I have said from “day-one” that the 1 trillion in shares announced by SRAX made absolutely no “business sense" if one looks at the trillion under a normal business model.
This week’s announcement that the $4.8mm carrying the company until the 4th Quarter only supports this position. Keep in mind Big T did $2.2mm (2020 w/100% retention) in its first year. Additionally, seeing the company announce their first quarter revenues with increased user’s also gives one pause as to why they would have created 1 trillion in AS.
Normally, I would say the AS was just being cautions, after all they are a startup. Only one problem, they had a working software model with “9 million verified users” prior to the purchase. Which with my way of thinking, they had some idea of revenues before they purchased Force Protection, under Big Token prior to creating the new AS.
In the land of OTC, a company simply just creates more shares as they need them for a failed business model…as opposed to creating 1 trillion out of gate. Something SRAX would have easily known.
Any company like SRAX would know that the current price point would have been at much higher values “if” they were only seeking to create a typical stock model structure.
When Lou shared that the company would be doing a RS with the name change, the stock tanked, which would easily have been known by Lou and SRAX.
When Lou stated the RS, it did not add up, it especially did not add up to tell shareholders that it would be done with the ticker change. On one hand, it would be hard to believe that SRAX did not review the one and only shareholder presentation, prior to Lou going public with it.
However, was this done to throw investors off, prior to the ticker change?
I believe we are seeing the share structure for one reason; it is a path to create “collateral for the Bigtoken coins. If this is correct, it would NOT make any business sense to see a reserve spilt.
Revenues do NOT support the RS:
This week’s 10K going from 2020 with $2.2mm to the first quarter of 2021 at $4.8, would support my theory.
Let’s also not forget that Big T has 8 out of the 10 top brand marketers as clients.
Lou made a comment that demonstrated to me he understood the Pros and Cons of being a publicly traded company.
https://loukerner.medium.com/the-5-reasons-im-joining-bigtoken-as-ceo-6f216c1f1020
As I’ve been an equity analyst on Wall Street for seven years, I’m well aware that being public creates additional costs, is time intensive, and requires transparency that’s helpful to your competitors.
I don’t know why but I’ve got that itch on the back of my palm that something is about to change for the better here. I think we see something in next week or two leading up to SRAX’s crypto blockchain conference. Think about it. Why would Miglino and Stella decide to have said conference in mid July if they didn’t have ANY new BIGtoken news. Could have just pushed it a few weeks / months until they were ready.
Side note - I’ve always enjoyed them but I’ve definitely been having more Stella beers since he took over
yep. I think 100 to 1 too
Interesting idea and I think he’s close. However, Lou said there’s a reverse split. He even had it on slide. I’m still of the believe 1:100 reverse split or 100:1 whatever it is. Can’t wait until the coin is rolled out. We soar after that
I thought it was Q3. But also can’t recall. Remember reading it, don’t remember what filing or webinar it was on
Yes Sir!
From a year over year standpoint....BigToken really grew.
One thing that is puzzling....
So Lou was basically CEO for the first 4-5 months of the year.
Revenue of big
App Users up big
Expenses down
Profit Up
Eyes on BigToken/SRAX up huge
From a year over year standpoint....BigToken really grew. He must have really messed something up
Changing of the guard.
While we still have a number of "LARGE" unanswered questions here, I was impressed with the first quarter in a number of "unstated", yet obvious to the trained eye.
It is becoming more and more clear why Lou was likely shown the door.
Stop and think about it. Bless his heart, Lou knows Crypto and Bitcoin and understands how to find the next big play. What Lou lacks is a strong business background on overseeing 100s of employees and running a company. Don't believe me, look at his (Bio) background.
Lou was thrown into BigT with the sudden death of the last CEO, just as the company was wrapping up the purchase of FPVD. Which left SRAX having to scramble at the last minute.
I found it interesting that our new chief is cutting employees, while the company is seeing growth in new customers/users.
It would be interesting to see what type of employee is being let go, when the company is experiencing an increase in users.
Perhaps someone can recall how many months the $4.8mm was too have last. If memory serves me, it wasn't the end of the fourth quarter as stated in today's news.
Going to go back and review. If this is correct, this would be the best news that shared today. This is how you find the next gem.
A few more days like this we could all be in the green,without the pull back of course @ EOD
Im ready to buy more if they ever decide use the otc pubco avenue to actually raise capital.
Agreed. Lots of volume and some big buys on a Friday of holiday weekend. As IBB would say, the janitor might know something
Cant take chances anymore, flipped out with nice profit. Hope it flies. Maybe a surprise PR to follow.
One can only hope!
Hope we run like we did last time.
Must be something else going on besides Q, pink and still having over $4M
Like to see a quick turn on these 3s I scooped. Can't hold more the way this has been going. Still have some core shares.
Some good action today. Big buy this morning. That’s what I like to see.
Yup all good numbers.
Well it's a start!
https://www.otcmarkets.com/stock/FPVD/news/story?e&id=1935778
Cash Position and Liquidity: At March 31, 2021, The Company’s cash was approximately $4.85 million as compared to approximately $1,000 at December 31, 2020. The increase in cash results from the private placement of our securities during the first quarter of 2021. The Company estimates that such cash reserves will last until the fourth quarter of 2021.
Revenues: Revenues for the quarter ending March 31, 2021 were $855,000 compared to revenues of $193,000 during the same period ending March 31, 2020. The increase in revenue was primarily due to enhanced execution in our operations and sales departments and a focus on key products.
Operating Loss: Operating loss for the quarter ended March 31, 2021 was $1.52 million compared to a loss of $3.05 million for the comparable 2020 period. The decrease in operating loss for 2021 was primarily due to reductions in operating expenses, including a decrease in general and administrative expenses as a result of reductions in workforce, partially offset by an increase in users’ redemptions of points on the BIGtoken platform.
Yes, all in good time.
Looks like a little week-end reading will be in order.
Enjoy the 4th of July Big T investors.
1st quarter results filed today.
https://www.otcmarkets.com/stock/FPVD/news/story?e&id=1935778
Pink Current- Yes! Company officers updated - no, Boo still listed. At least there is progress.
looks that way...Looks like a nice bottom forming here to move up from $FPVD
Nice! Guess it’s the result of the 10Q coming out yesterday
FPVD Now pink Current
https://www.otcmarkets.com/stock/FPVD/disclosure
to the moon. thanks..
Welcome to the broad.
There is a lot of prior posts with good information on the Pros and Cons with this stock. Before you load in a heavy way, you may want to get up to speed IMO.
I'm long and holding here, while we wait on the ticker change and more information on the RS (if it's really going to happen) before adding to my very large bag.
While I like the business model, I like the fact that this team is tied too a NAZ publicly traded company.
I loaded yesterday. This should run with onebig news
BIGtoken is a platform created by SRAX. Last year SRAX executed a reverse merger with a company FPVD to roll out BIGToken in its own publicly traded company. SRAX is majority shareholder around 60%.
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BIGtoken, built by SRAX (Nasdaq: SRAX), is the first consumer-managed data marketplace where people can own and earn from their data. Through a transparent platform and consumer reward system, BIG provides consumers choice, transparency and compensation for their data. The system also provides advertisers and media companies access to transparent, verified consumer data to better reach and serve audiences.
BritePool is an identity verification company for advertisers and publishers. The company provides advertisers with brand safety, privacy, and analytics for data connections when third-party cookies and MAIDs no longer can be used. BritePool’s exact, frequency-controlled identity verification services enable accurate targeting, advertising delivery and attribution. For more information, visit BritePool.com.
September 29, 2021 - BIGtoken and BritePool to Merge: https://www.businesswire.com/news/home/20210929005229/en/Force-Protection-Video-Equipment-Corp.-a.k.a.-BIGtoken-and-BritePool-to-Merge
September 29, 2021 - BIGtoken and BritePool Merge Resulting in Favorable Outcome for SRAX shareholders: https://www.businesswire.com/news/home/20210929005669/en/Bigtoken-and-BritePool-Merge-Resulting-In-Favorable-Outcome-for-SRAX-Shareholders
May 4, 2021 BIGtoken and 20+ Companies Announce the DPPA!: https://www.businesswire.com/news/home/20210504005263/en
Leadership
With this merger, David J. Moore, BritePool’s CEO and co-founder will become CEO of the combined company. Before BritePool’s creation, Moore served as president of WPP Digital, the world’s largest advertising holding company and as chairman of Xaxis, WPP’s digital arm. Earlier, he co-founded 24/7 Real Media which he led, as chairman and CEO, until its sale to WPP, for $649 million.
"BIGtoken and BritePool are joining forces to provide marketers with privacy-focused identity solutions that benefit both consumers and advertisers. We believe the future belongs to companies that recognize that creating value for advertisers also means creating value for consumers," said Moore. "I am excited to build a company that is uniquely oriented towards the evolving marketing environment, and honored that the BIGtoken Board has placed such confidence in me," he added.
George Stella, BIGtoken’s co-founder and president, will continue to lead the company with Moore. "We have created a flywheel for zero-party data, where BIGtoken users connect accounts and regularly engage with brand-related actions and surveys for rewards," said Stella. "This merger will increase our reach for advertisers and accelerate our product roadmap, which includes exploring consumer interest in digital wallets with offers from advertisers and digital asset rewards," he added.
Bob Perkins, BritePool’s chief operating officer, will also serve as COO of the combined company. Perkins is the former senior vice president of marketing at Pizza Hut and president of Chiat/Day New York, widely acclaimed for its award-winning advertising for Apple and Nissan.
George brings more than 20 years of experience driving digital shopper strategies and leveraging real-time consumer intent data. He has been key in crafting BIGtoken’s early commercial product strategy and initial go to market plan. Prior to joining SRAX and BIGtoken, his shopper marketing experience over the previous seven years includes senior sales positions at YieldBot, OwnerIQ, and HookLogic. Stella began his digital media career at 24/7 Real Media, where he spent more than 11 years as a sales director. Stella’s advertising and media career began at Comedy Central.
Vladi follows an intrinsic desire to express himself through the manipulation of forms and thoughts, ideas and emotions. He studied media design and worked at several cool media companies before working at SRAX. Teaching Interactive Design at the Art Center of Pasadena allows him to enter one of the pinnacles of American design.
With over 15 years of experience in software development and creating digital products, Moe has built a state of the art operation and production team. His ability to adapt to trends, anticipating operational opportunities and challenges, and effective leadership keeps this machine going.
With over a decade of experience leading technology and product groups, Ivan is guiding our 40+ person tech and product team on the quest to create the best data platform for consumers. Ivan has previously worked in gaming, ecommerce, fintech, and big data, giving him a keen eye for detail and a bias for action.
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