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Hey 'DigitalOreZone' - No worries, . .
I understand your point, and I'm with you 100%, on this company, and am
aware of the incredible potential that the future holds !!!
~ Looking forward to your thoughts and comments,
. . . moving forward !!!
~ $IONI / I-ON Digital ~
~ GLTA ~
Lakota-45 With all due respect not sure if many stocks under $.50 are not a little overvalued or choosing penny stock winners based on technical values would be a whole lot easier. It's not even easy to do that with Blue Chip stocks. Wouldn't you agree? So what is going on with this company that we can see?
1. The price of the stock is rising.
2. The trading volume is rising.
3. News on the company is rising.
4. The company is operating in two of the most discussed asset classes and technology-related fields. Precious metals / digital currency/tokens and blockchain technology.
4. Disruption to a problem that has been around for hundreds of years. How to unlock the value of unmined PROVEN reserves of precious metals (gold is first) and then take that value and make it easy to own and trade with blockchain technology.
Those are what I am basing my belief in this stock. Gold is still gold whether it is in the ground, a vault, or in a safe at your home. I-On Digital is making it possible to unlock the value of unmined gold, securitize it through blockchain technology, trade it, and thus fractionally monetize its existence. This is just my belief. More to be discussed and evaluated as time marches forward.
I do like your post! This was just a criticism of one of the points you made. I wanted to address and offer a different perspective on that point of value. Be well!!!
Hi 'DigitalOreZone' - It's good to see you here !!!
This is a New Investment for me but, I happen to agree with you, regarding the future of this company!
The Cryptocurrency Space is growing rapidly, and with the advent of Blockchain & Ai,
multiple, market use is expanding at a remarkable pace, and rapidly
creating New, and Compatible Sectors of use-ability !!!
From a Technical, "Old-School Valuation", the stock price is a little overvalued, . . however,
the mgmt. team that has been put in place, seems well seasoned, and I have
a feeling that the Value of this company - is about to Explode !!!
~ This company is on the "Cutting Edge" of a Rapidly Growing Industry,
so it will be very exciting to see how it all plays out !!!
~ All just my opinion of course !!!
~ GLT All the Longs & New Investors, and . . .
as always, . . "Invest Wisely" !!!
~ $IONI / I-ON Digital Corp ~
I-On Digital has a market cap of $7.8 million and shareholder equity of roughly $18 million. Buy this and hold! It has so much room to move. Having a way to unlock the value of unmined proven reserves of gold and other precious metals this company will get into will make I-On Digital a household name. Buy Buy Buy.
Great Post 'cableguy' !!!
Thanks for pointing out the findings of your DD, and . . .
for sharing it with the Board !!!
The Mgmt. Team seems highly qualified, and with the recent PR, rise in Volume on Friday,
& PPS, I get the feeling that they are getting ready to launch an explosive Media,
PR Campaign for "Market Exposure" moving forward in 2024 !!!
I am very excited about this company, and it's Growth Potential,
short term, and in the years to come, and I see it as
a possible "Life-Changing" Investment!
~ $IONI / I-ON Digital Corp. ~
Doesn't look bad at all... IONI
NOTE 9. Stockholders’ Equity
As indicated in NOTE 3, on September 29, 2022, the Company effectuated an Equity Transfer Agreement (the “Sell-Off Agreement”) among the Company, Communications and JFJ Digital Corp., a Delaware corporation (“JFJ”), whereby all of the outstanding equity of Communications was transferred to JFJ in exchange for the return of 15,306,119 shares of the Company’s Common Stock held by Jae Cheol Oh and Hong Rae Kim, the Company’s principal executive officer and members of the Board of Directors (the “Sell-Off”). After the “Sell-off”, the Company had 19,724,220 common shares outstanding.
In September 2022, the Company established a series of preferred stock as “Series A Convertible Preferred Stock”. The authorized number of Series A Preferred Shares is six thousand (6,000). Each Series A Convertible Preferred Share has a par value of $0.0001. In January 2023, the Company issued 3,600 shares of convertible preferred stock – Series A for $214,286 cash consideration. Also according to the Purchase Agreement, $214,286 was distributed to the former major shareholder. Each Series A Preferred Share is convertible into Ten Thousand (10,000) shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) and is entitled to vote on matters as to which holders of the Common Stock shall be entitled to vote at a rate of Ten Thousand (10,000) votes per share of Series A Preferred.
16
In September 2022, the Company established a series of preferred stock as “Series B Convertible Preferred Stock”. The authorized number of Series B Preferred Shares is six thousand (6,000). Each Series B Convertible Preferred Share has a par value of $0.0001. In January 2023, the Company issued 6,000 shares of preferred stock Series B according to a Contribution Agreement (the “Contribution Agreement”) with certain Purchasers (the “Purchasers”) pursuant to which the Purchasers agreed to purchase 6,000 shares of a newly created Series B Convertible Preferred Stock, par value $0.0001 per share (the “Series B Preferred”), for the consideration of cash $35,714. Each Series B Convertible Preferred Share is convertible into one thousand (1,000) shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”).
Also in January 2023, the 6,000 preferred stock Series B were converted to 6,000,000 common shares.
Again in January 2023, the Company cancelled 350 shares of common stock per shareholders’ request.
In May 2023, the Company issued 1,000 shares of preferred A stock for the value of $219,500. As of September 30, 2023, the total number of preferred A shares was 4,600.
In May 2023, the Company issued 1,136,364 shares of the Company’s common stock to Nahla Jacobs according to the service agreement signed with Nahla Jacobs and Nahla Saleh Jacobs Trust and Orbits Acquisition Group LLC. The share price was $0.22 per share and the total value was $250,000.
Also in May 2023, the Company issued 550,000 shares of common stock according to the service agreement the Company signed with Dutchess Group LLC at $0.22 per share and the total value is $121,000.
In May and June 2023, the Company received $100,000 and $71,342, respectively, for stock to be issued. The total of $171,342 was recorded as a liability because if the Company was not able to issue the stock, the funds would be returned. In September 2023, the Company decided to issue the stock and the total amount of $171,342 was reclassified to stock to be issued. In August 2023, the Company received additional $5,000 for the stock to be issued. As of September 30, 2023, the total amount of stock to be issued was $176,342.
On August 30, 2023, the Company executed a Board Resolution concerning Series A Preferred voting rights to be increased from 1,000 common stock to 20,000 to be effective after the Company completes the due-notice requirements with the State of Delaware.
As of September 30, 2023, the Company had 27,410,234 shares of common stock issued and outstanding.
NOTE 10. Subsequent Events
The Company follows the guidance in FASB ASC 855-10 for the disclosure of subsequent events. The Company evaluated subsequent events through the date the financial statements were issued and determined the Company did not have any material subsequent event except the following:
On October 30, 2023, I-ON Digital Corp. (the “Company”) entered into a Contribution and Exchange Agreement (the “Contribution and Exchange Agreement”) with Orebits Acquisition Group, a Wyoming limited liability company (“OAG”), pursuant to which the Company will acquire 910,000 shares of currently outstanding common stock of Orebits Corp. (“Orebits”), representing a controlling interest in Orebits, in exchange for 910,000 shares of Series C Preferred Stock of the Company (“Series C Stock” and such transaction, the “Transaction”). As part of the Contribution and Exchange Agreement, upon and by virtue of the consummation of the Transaction, OAG will transfer all its right, title and interest in and to approximately 9,700 Orebits.AU gold-backed digital assets to the Company.
Yes Thanks Lakota nice to see you here also, getting familiar with IONI and like what I see so far.
Hi Hawk, good to see you here. I like the float too!
Yeah I agree with you on that !
I remember, back in the early 80's, I picked up a few 100K shares of a Canadian Gold mining Co.
at around .12. It took a little over a year for it to run to $3 +! I sold 1/2 my position, and
unfortunately, had to sell the balance, still at a profit, - as it took a dive !!!
The name of the company was "Wayside Gold" and it was
fun while it lasted, - with lessons learned ! :)
~ My gut tells me that I-ON Digital will do surprisingly well !!!
~ $IONI / I-ON Digital / Up in 2024 ~
Yep, those are all good points to consider !
~ $IONI ~
Yep, I've looked over the website...there are actually 2 I found. Could be some promise here, but not alot to go off of right now. I think time and more DD is needed. The gold factor peaks my interest and makes me think of the show Gold Rush I've been watching for years. So many go into the business, but takes alot of money to get it out of the ground. Monetizing the ground before digging...let's just say...most miners aren't exactly the best entities to put an investment in, but some could make an investor rich.
Hi 'Hawk' - it's good to check things out but, . .
I think this company is just about ready to run so you might . . .
want to put your DD on a fast track !!! :)
~ Just saying . . .
Also, if you are considering becoming a Moderator,
there are only two positions left !!!
~GLTU my friend !!!
~ $IONI / I-ON Digital Corp ~
Balance sheet is pretty clean. Not much history to go on...really have to dig deep to see if dilution is a going concern. They diluted the past year, but not considerably (percentage wise yes, but amount of shares no). And I don't fault a company diluting reasonably. Why else be a public company?
I wonder if that's the reason for the 3 or 4 triples+ in the past 5 years.
I definitely like the low float on this one, but lots of dd yet to do.
Great Post - 'DIgitalOreZone' - Thanks for dropping by !!!
Crypto and Gold !!!
Bitcoin overtakes silver as the second largest ETF-here
Volume really picked UP quite a bit on Friday, and . . .
I have a feeling it's just the beginning !!!
What are your thoughts ?
~ $IONI / I-ON Digital Corp. ~
Consider all the new Bitcoin ETFs have more money than all the Silver ETFs. Bitcoin is now the second-largest ETF commodity. What will happen when you combine crypto and gold?
Bitcoin overtakes silver as the second largest ETF-here
Hi 'Hawk' - Glad you could make it.
The Press release was pretty impressive, and so is the website !!!
I think the company has been dormant for a while but,
seems to be getting active now !!!
~ $IONI ~
Awful lot in the latest 8k. Will take some time to wrap my head around the company and this latest filing.
By The Way, this is the Recent News that got things jumping !
~ Jan. 24, 2024 !
This is "Great News" to start the "New Year" with - in 2024 !!!
https://finance.yahoo.com/news/digital-corp-announces-intent-public-130000649.html
~ Things are looking UP - Early - in the 1st Qtr !!!
~ $IONI / Press Release !!! ~
Hey 'cableguy' - Good to see you here !!!
You make a good point about the OTC Markets - it's just a Heads-up to traders, and
very common - I might add - with an Emerging Growth company
under those circumstances !
A nice move up today and an indication that more
"GOOD NEWS" is not too far away !
~ $IONI ~
Can't beat that, https://www.sec.gov/edgar/browse/?CIK=1580490&owner=exclude rule on any exchange IMO. IONI
If its from OTCMarkets it's just a heads up to traders really nothing to worry about if from them, have seen it many times, if it's the grey market/expert market you want to avoid. JMO IONI
update 07:07 I see it is from OTCMarkets so yeah, of no concern to me.
Good Find 'crypto' !!!
This is "Great News" to start the "New Year" with - in 2024 !!!
https://finance.yahoo.com/news/digital-corp-announces-intent-public-130000649.html
~ Things are looking UP - Early - in the 1st Qtr !!!
~ $IONI / Press Release !!! ~
I-ON Digital Corp. Announces Intent To Make Public Offering Of Gold Reserve-Backed Digital Tokens insert-text-here
Lakota-45, thanks. OK.
Found it and read it. Thank you again for pointing me in the right direction. Looks very good.
Hi 'MakeStock' - you sound like a pretty good guy. Maybe you should
conceder being a moderator here with us ?
OH OK. Thank you cryptopunks.
On the SEC EDGAR filings.
Where did you find the latest pr? on their website?
Thank you for responding
LOL - I guess anything is possible !!!
Do you know anything about this company ?
I'm still checking it out .
Makes sense. I need to research that.
Quantum financial system sounds anti-American
That's a good question.
I think it means ; The company is in the development stage , and has no earnings !
Looks like you are new here !
~ Welcome !
What does it mean when there is a Shell warning?
It very well may be. I heard about it from friends.
Yeah, I agree with you 'crypto' . . .
It's a wait and see situation for now, and I'll be keeping . . .
my eyes peeled for more News Updates !
~ GLTU
Lakota-45, I read the Nov 2023 10q. The company went through a few years of restructuring and cleanup, and has been ready to go as of Jan 2023. At the end of Sept of 2023 was the first sign of newco emerging. Guessing the 8k from Dec 18 means the rocket engines are firing up for takeoff. Watching for more news now.
Yes, I agree - just not sure how long it will take them to get organized, and
to get rid of that Shell Sign !!!
~ GLTU
The leadership team looks very strong. I think I really like this company.
The latest press release sounds like huge news.
Yeah - they have rules that restrict posting about other companies !
Actually 'crypto' I am looking at another company but,
we can't talk about other companies, so I'll
send you a Private msg on that one.
That's Cool 'crypto' - !!!
I have only been here a few days but, it looks pretty interesting so far !
Yes, I found your post when searching for crypto companies.
~ I-ON Digital Corp is A Standout Leader Among the Many Companies ~
working to integrate these new technologies
into mainstream financial services. The company leverages a growing portfolio of cutting-edge proprietary technologies
and state-of-the-art smart contract and automated workflow platforms. The result is a robust, fully-compliant,
secure DeFi ecosystem that is poised to fuel the next generation of banking, asset and
precious metal digitization, and digital payment services worldwide.
~ By Focusing On Innovation and Collaboration, ~
I-ON Digital Corp opens the door to new financial opportunities globally, taking full advantage
of the potential these digital tools have to offer.
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