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Call me crazy, but my subconscious worked on the (assumed cryptogram from linked in) and this is my final answer:
OTCAYWAEYNYE
Our
Ticker
Change
Application
Yesterday
Was
Accepted.
Enjoy
Your
New
Year
Everyone.
That would give about 30 days from early last week until we see it on https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Fact or Fiction??? You decide.
However you slice it, Ronaldinho put a blast out to his 75 million IG followers that he endorses the new Beroe 3rd kit with his logo on it from Dryworld. As shirts go, it looks to have wide aesthetics appeal for shirt fans. JMHO
Big chunks of shares are being gobbled up. A Happy Thanksgiving that will become a Very Merry Christmas
The only shares that can be sold into the market right now are the convertible notes which have also been registered with the TA. If the shares were converted back in September or early October, then, based on the share price and the note terms, there could be around 20 million shares. That would make sense since there are roughly 7-10 million restricted shares issued. Yes the note holders scored, but it does not mean the company is not on the right track. I believe we have seen the last of notes. JMHO
I just realized all this talk about Dryworld selling shares directly into the market makes no sense, since one of our complaints is that they are non reporting, that is the same thing that prevents them from issuing shares directly into the market. We knew there were a couple notes totaling $175k that are probably the culprits, and they closed the Brio deal which I believe was 5 million shares issued. Also keep in mind there were no less than a dozen recent ambassadors each getting a bunch of shares, and the exercise equipment deal was a few million shares. I think it was lofty to think that shares were not going to be issued along the way, heck isn’t that why a company would go public to raise capital while selling off bits of equity. I would rather have a small percentage of a successful company than a large percentage of an unsuccessful one. It takes money to make money.
I’m going to keep riding with Team-D until the promised land. People can do and say as they please. I can’t wait to make fun of myself and others when I look back and laugh at the time I was worried as I sip champagne and count my money.
Best to all, even you Huggy.
There is no doubt they just paid a bunch of bills .. but as share structures go its very strong.
Never a fan of dilution, but this represents less than 1% of the OS. I think/hope they are just selling what they need to move forward, pay for the audit, file with FINRA etc.
Fact... In the last 4 years only 12 million shares have been added to the public float. They are extremely conservative and dont burn through shares.
Our Ticker Change Application…..?
…To You Wednesday…?
The whole reason it wasn’t getting done was the cost. Now way it was that cheap. They finally got the Beroe revenue, which on the 19Q was still just Accounts Receivable (AR), invoiced but not collected. They most likely got payments from Beroe over the past couple of months that allowed them to pay for the audit. Guaranteed it was 6 figures.
$5-$10K Per year so no more than 20K. Won't take long.
I think it could be as much as $100k. Seems like manpower wise it is absurd, even at $250/hr, there is no way it would take 400 man hours to complete. I think the auditors know how much it means financially to a company so they gouge them.
My old boss used to price repairs on expensive electronics for our customers. He never went by how many hours it took multiplied by labor rate, he looked up how much replacement cost was and charged 25% of that. It was almost always much more than time and materials. But the customer needed it and figured they saved 75% from buying a new one and were happy.
It is like the auto mechanic that says he can fix the starter on a car that won’t start for $300. The owner thinks that is cheap and say okay. He proceeds to slide under the car and smack the starter motor. He slides back out, and says try to start the car. Vroom!! It starts. He asks for the money and the owner says how can he charge $300 for one stroke of a hammer. The mechanic says the hammer stroke was free, the $300 is for knowing where to hit it.
We need the audit, the auditor knows it, in fact all the auditing firms know it, so the gouge and price fix in the industry.
I thought that too, like fins out 12/31/23, on time without the 15 day extension? Meaning maybe they are decent revenues?
