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No body wants 200 thousand 3's?? How will we ever get to those 2's??
The company Twitter page looks like.
Who are you posting to? LOL
Already in progress
$NICH another AS increase incoming
— KIR (@KeepRealistic) March 27, 2024
Needed for their debt spiral financing 🤮
Debt conversions at .0001 now for another 28 days or so pic.twitter.com/zTnYWwkmJc
Looks like they'll have to increase the A/S again soon.
Outstanding Shares Updated:
🔴 874,509,644 (2024-03-18)
🟢 959,509,644 (2024-03-25)
Difference: +9.7% (+85M)
Unrestricted Shares Updated:
🔴 871,611,714 (2024-03-18)
🟢 956,611,714 (2024-03-25)
Difference: +9.8% (+85M)
https://t.me/otcupdates/67834
No, they will convert at .00005 and will continue to do so at that level. These toxic diluters have made tons of money converting at .00005 where normal retail has no chance. Once this hits the gray sheets then they will most likely change strategies and stop issue convertible notes and go strictly to restricted stock issuance where an attorney's opinion letter (144) will remove the restriction.
all jmho
Wait till you see what was added since
Toxic notes 🤮
Between September 26, 2023 and November 9, 2023, the Company entered into four convertible loan notes with an aggregate face value of $107,800, including Original Issuer Discounts of $9,800. The Company identified embedded derivatives related to these Convertible Loan Notes totaling $312,317. The embedded derivatives included certain conversion features, whereby they are convertible at a price per share of 50% of the lowest market price of the stock in previous three months.
As at November 30, 2023, there were 343,759,644 shares of Common Stock issued and outstanding.
OS Almost tripled in 4 months
@ 50% conversion of the bid price one day prior to conversion.
What if its no bid one day prior to conversion?? Do they only get 50% of no bid on 7/12?? Might need to rewrite that one and the ones on 7/30 and 8/9 respectively.
Its all in the filings in black & white
That's assuming their filing becomes dilinquant which also may be inevitable..
Finra has also been denying reverse splits lately.
Once it hits no bid, they may also face the threat of being delisted which is happening a little faster these days especially with delinquent filers.
all jmho
Usually those are restricted but sometimes not. Either way their being dumped immediately. Probably cuz they know that when this hits no bid its over. No more recouping financing until after reverse split.
Don’t see any way the company can sell
They take in toxic debt to raise cash
These aren't conversions. This is the company selling directly to the market. They did have some conversions early on but they were finished at the beginning of this dilution cycle.
At least that's how I see it.
Retail's pretty much over with. Mainly just market makers buying now. Retail's gone now cuz of all the dilution day after day.
Now their even putting it on their Twitter account as a warning.
Conversions at .0001
.0002 is 100% profit
.0003 is 200% profit
Toxic 🤮 debt holders thank retail’s generosity
313 million 2's waiting on the bid.
Gonna need a reverse split soon.
$NICH 🤮
$NICH another AS increase incoming
— KIR (@KeepRealistic) March 27, 2024
Needed for their debt spiral financing 🤮
Debt conversions at .0001 now for another 28 days or so pic.twitter.com/zTnYWwkmJc
Nevada s.o.s. was filed yesterday.
Also, market makers are now bidding approx. 120 million shares cuz they know its on the way.
Where do you see this ?
I actually think Morgan will take it to 2.0B. He needs more headroom to cover the weekly grocery and beer bill, especially at these levels. 100m shares only generates $10k at .0001 and a portion of that is lost on the discount.
all jmho
Yea.. 1.5 sounds about right to me.
Any guess as to next AS increase
My guess 1.5b
How short are you at this point? Lol
So far their looking for 75 million 2's here at 9:35. But only 29 million 4's on the ask.
I say DUMP'EM!
Here we go! Certificate pursuant to NRS 78.209 change in authorized shares.
Godda dilute some more.
Well, maybe. We never really know until it happens.
No chance of a recovery here?
Yea, the other management started it and this one continues it. It'll hit the gray market next year.
Not same management
I think market makers are expecting a 250 million dump on 2 after they raise the A/S again.
There was no big dump today.
Their proud of their fall from the Nasdaq I think.
Unless this increase was part of last weeks dump 🤷♂️
Probably dump the remaining 40m near the close...then go completely silent for a week or so while they raise the AS and put together another fluff pr campaign (they may even come out with a new product totally unrelated to what they are selling now).
all jmho
When's the big dump?! Should've happened already.
They only have 40m or so left before another AS raise. I am guessing the .0002 bids are nothing but bottom feeders or a momo group. Toxic holders usually don't show their hand especially covering on naked covers.
all jmho
Don’t worry 85m of those will get taken out
Dumps usually occur in the afternoon
Must be a time zone thingy
They cannot with debt in the filings left
Debt holder Conversions at .0001 will gladly take the .0002’s and bank 100% profits
Look for another AS increase or RS incoming
Destiny here is likely .0001x.0002 followed by no bid and eventually an RS me thinks
Company is not making enough money and uses toxic “death spiral” financing at 50% discount per 30 day lowest VWAP
249.6M share bid at $0.0002 x 34.1M share ask at $0.0003
$NICH toxic 🤮
$NICH another 85m OS increase
— KIR (@KeepRealistic) March 25, 2024
OS almost maxed
Another AS increase or RS expected
Company uses Death spiral toxic financing 🤮
Conversions at .0001 with this batch pic.twitter.com/FTj4OcQpoA
Where did 247 million 2's come from?
Oh yeah, another fluff pr. Notice how there is no actual details, most companies report the size and the customer who purchased. This is nothing but another pr to dump into. BTW AS is still 1B, OS is now 959,509,644. Dilution is always the solution for Morgan and friends.
all jmho
$NICH - that's decent. They just need to stop diluting so people get excited about buying and not having to worry about getting dumped on.
$NICH -- Just finished and completed a large purchase order for the Nitches Tover Old Fashion Blood Orange 🍊 Whiskey 🥃
Just finished and completed a large purchase order for the Nitches Tover Old Fashion Blood Orange 🍊 Whiskey 🥃
— Nitches (@nitchescorp) March 22, 2024
More updates and content will be revealed very soon. $NICH
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