FrankSpeech Network Inc (FSBN)

[mick]

FSBN
FrankSpeech Network Inc
2.85
0.02 (0.71%)
Volume: 4,303
Day Range: 2.85 - 3.03
Bid: 2.81
Ask: 3.03
Last Trade Time: 3:46:48 PM EDT
Total Trades: 106

[PRmaniac]

New price target $1.05
Likely to go much lower than that, as serial-liar and boardmember moves closer to bankruptcy, IMO

[SmellMyFinger]

Thanks for the info. Board name/ticker change request has been submitted.

[Renee]

INCTD changed to FSBN:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[PRmaniac]

There is almost no buying interest and charts indicate severe weakness.

Charts mean little/nothing in stinky pinkies like this stock, but I do expect them to try to use it (dilutive shares) as their piggy bank.
As Lindell loses more and more in each court action, he will need to liquidate everything he owns. Fortunately, he is only "secretary" at the company.

Can hardly wait until they try to put together their financial disclosure updates.

[mick]

could on target E-84

[mick]

i would say $6 , near term ...

https://www.stockscores.com/charts/charts/?ticker=INCTD

[PRmaniac]

So $1.05 price target near term?

Not sure I'd trust the lumpy pillow guy with anything.

[mick]

https://www.stockscores.com/charts/charts/?ticker=INCTD

[PRmaniac]

Lots of dumping ahead of tankage/dilution

[Elgordo84]

Probabilities are endless
That’s why we trade.

[PRmaniac]

First they will dilute to 300 million shares.
Then 3 billion shares.

[Can'tSparTheGhost]

Or perhaps a nice forward split can come through in the coming months as the world turns and changes and manifests new beginnings.

$INCTD/FSBN

[Elgordo84]

I would like to see
$19.00 to $37.00

[Elgordo84]

Squeeze on the 26,
We going to have to wait and see.
Let’s go $INCTD $INCT $FSBN

[PRmaniac]

Likely dilution. This is part of their toxic liability.
Convertible Notes Payable, in Default $ 278,831

Plus, they have around $1,800 in total assets.

[BCMarine]

Do you think it’s actually dilution or just other shareholders getting out before it goes back to the trips?

[PRmaniac]

Mostly selling and dilution again today?
lumpy Pillow man (company Secretary) Lindell who doesn't pay his bills needs money bad.

[NICKSCA123]

This thing would have to go to at least $20-$25 for some of the old shareholders to break even. That would put the market cap at almost $1 billion. Good luck with that.

[PRmaniac]

Didn't see the specific filing for this in Wyoming, but I now see it is 300 million shares.
It was 100 billion shares this morning.
Still pretty much flat broke, but no worries.
Lindell is having so many financial problems - good thing he was only named as the Secretary.

[NICKSCA123]

They lowered the AS to 300 million on this POS. Updated today

[PRmaniac]

Massive dilution - beware of the dumping

and note that INCTD decided to keep the share authporization at 100 billion shares. It is going to get worse. As the share price drops, even more shares will need to be issued to accommodate getting the same $ of toxic deathspiral convertible financing.

Can you imagine as the share price drops closer to $0.0001 how many shares will be needed for each tranche of toxic financing?
Plus @realMikeLindell (lumpy pillow guy) just got sued by another company (DHL) for almost $1 million in unpaid shipping bills.
)

[PRmaniac]

Officer changes - Wyoming
Sure would not want to be an investor in anything lumpy pillow guy uses as a piggy bank.

[PRmaniac]

No, IVCTD lumpy pillow guy has been evicted from more than one and owes $ for rent on others.
Likely more layoffs.
I agree, they basically wanted a penny stock that they can use shares as their piggy bank.
Shareholders will be the real losers.

The previous company, before the Reverse-merger, had 72 billion issued/outstanding shares.
They kept the share authorization at 100 billion shares, because they will dilute this (and any shareholders) into the ground.

[NICKSCA123]

It looks like the volume is much lower than usual. This is going to go back into pennies and then back into trips.

[PRmaniac]

Wow, massive dilution underway

And they kept the share authorization at 100 Billion (yes billion) shares.

As the share price keeps dropping, more dilution will occur because more deeply-discouted shares will be needed to generate the same $ of toxic deathspiral financing.

Plus, the serial-court loser Mike Lindell (the lumpy pillow guy) will need to dump holding because he owes one person over $5 million and has no money. He also is facing being part of lawsuits going after $billions for defamation and says he only has a truck and a house left for assets.

[CrapIsCrap]

Maybe the pillow man is finally paying the rent for his pillow warehouse.

[NICKSCA123]

These lowlife Martin's are already diluting. Look at the OTC update today

[PRmaniac]

Total assets $1,811
Ouch. May need a reverse split

Authorized shares = 100 BILLION SHARES.
Gonna dilute and pollute so shorts don't have to cover.

[PRmaniac]

Shorting this one into the ground?
Looks like the INCTD lumpy pillow guy Lindell is in even more financial trouble.
Lindell’s financial troubles worsened when Extend, Inc., a California-based company offering product protection plans, accused him of not paying $564,151.39 in outstanding invoices.

Extend alleges that Lindell, who previously claimed to have only his house and truck left, promised to pay but never followed through.

[mick]

INCTD
FrankSpeech Network Inc (PK)
4.5463
0.0063 (0.14%)
Volume: 29,193
Day Range: 4.54 - 5.297
Last Trade Time: 3:57:57 PM EDT
Delayed by 15 minutes

[Dingbatt]

Now in my
List of 24 companies with less than 10 shares that are totally impossible of ever returning their original value.Same value as last weeks lottery tickets.

[Can'tSparTheGhost]

Hmmm...FrankSpeech walking around ike BIGFOOT already...Looking forward to a good year next year and the year after and the year after, etc...I need 5.53 for break even, and I am in no hurry to sell...I would think all these new platforms should do well over the next couple years...I wouldn't suggest anyone to sell ATM...

$INCTD/FSBN

[train21]

$INCTD SHARE PRICE 4.31
BUY SOME CHEAP SHARE IF YOU CAN ??????

[train21]

$INCTD SHARE PRICE 4.75
BUY SOME CHEAP SHARE IF YOU CAN ??????

[train21]

PEOPLE THAT BOUGHT AT 2.50 ARE ALREADY IN THE GREEN ???

[train21]

IF TRUMP WINS THIS WILL TAKE OFF AND
MY GUESS IS FOR MOST PEOPLE AROUND 12 BUCKS A SHARE IS BREAK EVEN HERE NOW ???

[Dingbatt]

Just me
I just got dinged like you too except I didn’t have many shares

[Can'tSparTheGhost]

My guess is that there may be a lot more features added to his platform in the future...Something to cause a stir...we will see more as we head toward the future of change...we'll have to sit back for now and wait to see what happens between now and the year 2025 to see what actually unfolds...It sure has my interest...Cheers!

$INCT/FSBN

[mick]

wondering where pps lands. he is a seller of product big discounts now.

[Can'tSparTheGhost]

Hehehe - probably a product of the Fake news...I'm have a feeling Mikey will do just fine.

$INCT/FSBN

[Can'tSparTheGhost]

READY TO ROCK, ROLL, & RUMBLE!!!!!!!!!!

$INCT/FSBN

[Can'tSparTheGhost]

YOU GO FRANK!!!

$INCT (AKA FSBN)

[mick]

https://www.fastcompany.com/section/frankspeech

[mick]

while FrankSpeech might claim in its release announcing the merger, that it has 7.2 million monthly views and 150 million annual impressions, it’s tough to verify that number.

The stock, as of last week, was trading at just $2.45 per share (though it did jump 8% on news of the FrankSpeech merger).

Lindell enters the market at a perilous time for investors in right-wing social media outlets. Shares of Trump Media are down more than 57% in the past six months (and have fallen 33% in the past month). Trump shares, which now trade for $19.50, were once as high as $79.38.

[mick]

OTC securities are traded through broker-dealer networks, but aren’t as regulated as companies on larger exchanges. They tend to be less transparent and are often a much riskier investment, as they don’t have to meet minimum standards. They also generally have lower trade volumes, meaning it can be harder to sell the shares if an investor wants to get out. Most importantly, there’s dramatically less public information available about OTC companies, which makes them more vulnerable to fraud schemes.

[mick]

The right-wing social media ecosystem is getting more crowded these days—and as those sites become more popular with some conservative voters, their founders are looking to cash in. But the long-term success of those investments is looking increasingly uncertain.

Mike Lindell is the latest to explore a public offering. In 2021, the MyPillow CEO launched FrankSpeech, which describes itself as a “pioneering force dedicated to freedom of speech and technology.” Lindell has said he owns the servers for the YouTube-like channel, to ensure that his content cannot be taken down. (He launched the site after he was removed from Twitter for spreading conspiracy theories about the 2020 election.)

Last week, FrankSpeech announced it was merging with the publicly-traded media holding company InCapta in a reverse stock split. That will make FrankSpeech a publicly traded entity on the OTC market, rather than the Nasdaq or New York Stock Exchange.


https://www.fastcompany.com/91183437/mypillow-ceo-mike-lindell-has-taken-his-social-media-company-public-that-might-be-a-bad-idea

[mick]

#2 MyPillow CEO Mike Lindell has taken his social media company public. That might be a bad idea
The video platform FrankSpeech enters the market at a perilous time for investors in right-wing social media outlets.

https://www.fastcompany.com/91183437/mypillow-ceo-mike-lindell-has-taken-his-social-media-company-public-that-might-be-a-bad-idea

[mick]

MyPillow CEO Mike Lindell has taken his social media company public. That might be a bad idea
The video platform FrankSpeech enters the market at a perilous time for investors in right-wing social media outlets.

[mick]

looks like dealing with mike liddell, wondering if he spins some in FrankSpeech Network Inc