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The AS reduction is just a BS pump tactic to try and divert people from the fact that he has committed to about 3.5 billion shares outstanding.... Not including the preferred conversions
How much could he reduce the AS?! A few hundred million shares? Does he really think that will excite the market?...
Its an obvious ploy to divert peoples attention from the mass dilution. This CEO has a long history of bogus claims, bankruptcy, foreclosures, etc. He’s desperate for $$$ and will say/do anything imo
They won’t ungag the TA. Not with the OS about to balloon by billions of shares.
If the Longs are bailing, that means it’s filling with traders looking for a quick bounce. Theres going to be a lot of people competing to get out into any increase now...
How much DD he have you done on this CEO? I recommend doing it
New Tweet regarding AS reduction. Things could get interesting this week
If this tweet doesn't materialize, I would have a firm and clear idea by then about this company - this will tell me all I need to know. We will see what are all these tweets about: real company or ......I am not sure how the AS will be reduced, but we will see. It is time to rectify the ship.
SNM Global Holdings? @snmglobal Sep 20
Look for TWO big openings from our 7 underlying companies in October as well as more MJ news and a more detailed picture of reducing AS!
https://twitter.com/snmglobal
TA needs to be ungagged IMO. The market now has doubts about the CEO, and this action might help to instill some confidence so that we can know whats going on and where are all the available blocks for sales coming from..
I agree with all of your logic in your balanced posts. The only problem is that he changed the term of dilution. When you had an initial idea that the dilution will occur at 0.01, that means everyone who bought below this value will make money. Now, the value of the dilution was almost 80% of what the stock was trading, thus the panic as not everyone here bought like yourself in the trips. This is why many are willing to gamble close to the offering price, and not higher, since they might have a better chance to make money. Look at the change of the board now and this is an outcome of his poor move. The way he dropped the news was one of the poorest I have witnessed.
In any case, it will take time to either regain trust or completely lose all the remaining trust, up to Troy. His actions, will either invite investors who hold for long time back or lose the rest of them. Let us see the decrease AS reality and lets finish up the 7 acquisitions he mentioned in his latest tweets that will be funded. Action time. Like he was very quick in filing this dilution stuff, he needs to be quick in filings the positive things as well for credibility.
I don't agree at all - most of the heavy longs here disappeared as they sold out and they were holding millions per person. The stock will rebound although I am not excited about anymore like before. The rebound will not be as expected also before, but there is money to be made and this is the name of the game.
I am having a hard tme finding info on the Donut deal. Just some PRs about the opening... Where is the substance?! What did investors pay? What do they get, etc? What do the past revenue figures look like? Nothing worth bragging about?! Positive details are ALWAYS spelled out in PRs, theres nothing?
BTW, it looks like a chunk of stock will soon be paid out for past debts as well... This could be a conversion in the trips. Pretty sweet deal, for them...
NOTES PAYABLE
Note 5.
During 2016 and 2017, the company sold $405,000 of agreements for future equity. Under the
terms of these agreements, if there is equity financing before the determination of the agreement,
the company will automatically issue to the investor common stock. The number of shares of
common stock issued shall be equal to the purchase amount divided by the discount price. For
every two shares of stock issued the investor shall receive a warrant with an exercise price equal to
the discount price. If there is a liquidity event prior to the termination of the agreement, the investor
at his option will receive the purchase amount, or automatically receive the number of shares of
stock equal to the purchase price divided by the discount price. The investors' shares are locked up
for three month after a public offering and then may be sold subject to the volume limitations of
Rule 144.
From 2pm to 1030Pm DD on SNMN, I'm getting tired. I will go to bed. I don't have such luxury to keep DD on SNMN. Hopefully monday will correct the Chart a bit.
No clue why I even talk about this when it was actually my least favorite in Troy acquisition.
Here goes - Any common sense would know that you need to sign a lease for naughty girl shop.
Security deposit + 12month lease. Typical would be $2k-$3K a month for business front. All the inventory, the worker to remodel and such = $10k min. Anyone hired people to do a bathroom remodel? The kitchen is where it will cost a bit too.
Need upfront money to do all these. And they got upfront money. Just simple read and we already looking at $2k rent since May or july? = $6k to $12K rent. Already looking at $40K+ expense. Anyone wants here dropping that kind of dough? Money is there.
Do you have the proof to back your claims, please?
BTW, Im on the West coast. Still early here
Keep up the midnight discussion of SNMN. I love reading all of them pro or con. To help me better understand the recent filing. I'm here all weekend to discuss SNMN up coming A/S reduction PR, MJ news, finalized funding.
SNMN
Rather be optimistic in what you hold then be pessimistic, imo. I will wait for this to go back to 20M daily volume. I think there was like 50M to 75M dumped by long Thursday and people kept trying to find bottom/flip. Just need to weed that out and let the dust clear. Only pessimistic from me is, Troy sucks at PR. Haha... not once has his PR make PPS jump really good like a typical scam stock. It's always red. 1 time it was green but 3%. But yo never know, now we have different type of fish in this pond. Where PR should jump it
Its possible that $150,000 is how much they did during the first 5 months of the year, or annually... but there is no logical way they do that per month...
It shouldn't be called a "Fact"...
Look at what other popular/high volume fast/casual franchises do in sales. NGD's does LOW 6 figure per year, no doubt...
http://www.statisticbrain.com/restaurant-franchise-sales-statistics/
year chart shows a consistent gap up followed immediately by a strong pullback up to higher levels. Maybe this is just the next step for the next big run, Maybe my optimism is getting my better judgement. well see
Lets keep discussing SNMN at midnight. I'm glad I'm not the only one that reading SNMN filing and dicussing pro and con of it. I'm glad I'm not the only one has money in SNMN to be wasting my time at midnight instead of going to sleep or at the bar drinking with friends. Next week hopefully Troy will release the A/S PR. I always thought it would be like 1Billion. Somehow other will still looking at A/S reductin as negative going from 4B to 3B. However, going from 10Billion to 8Billion look more attractive on certain ticker recently.
have a feeling we may see one those famous Long green candlesticks SNMN is known for in the next weeks.
Look at selective on this board, Oddly the 1.9Billion shares is real but the $150K funding is false. The IMBD $1.5Million is false. If I don't trust a CEO, then I would said everything is false. I would think Troy would BS and tell everyone it's 500Million shares not 1.9Billion. We all been in one of those where no CD but end up getting reamed for 1Billion to 5Billion dilution.
snmn
I know exactly why I watch SNMN board all day and would post late at night b/c I have investment in this. Just food for thought. I guess, if I wants to get my bid filled, then I would definitely spent my weekend trashing SNMN instead of spending time with my friends and looking for new tickers to invest in.
Out of all SNMN long, I am probably the only one that posted on other boards to spread the words aka pump. Troy and long just have zero clue on market awareness. Thursday that sure is some market awareness. With SNMN turning red, I would not post chart and such on other board. I only spread the words when I feel other buying in would be profitable. Now, it's 50/50, hence, I won't bother anyone and just risk it myself.
Look at the trade volume. People acting like this is a pump? This is probably one of those weird stock that gained 900% since July from 0008 to 0074 and had zero interest. Thursday was the first time it actually had interest. Unfortunately, wrong direction. Avg volume is 19Million a day. Some day it's at 5M. It's not like it's consistently doing 100M+ with $300K cash flow but PPS not moving up.
SNMN was actually the perfect retail controlled stock. If you have 10M, then you control SNMN. Put 10M on the ASK at 005 and it drop to 0042. Put 5M at 006 and you get your bid filled at 0055. Spread had been thin going up. Just juvenile to be coming to SNMN board and call this a pump n dump.
Troy sucks at PR. I kept saying that. He just sucks. If he was a pumper, then I would be cashing out more in the pennyland than this. WHo botch a 2Billion O/S retirement? 2Billion shares retired and it loss 80% value.
Troy is far from a pumper and 18months history show far from a diluter. ANyone that traded OTC for a long time, should always be aware that Troy seeking $10M for 1Billion shares Reg A was sign of future dilution. No one care then but act like it's end of the world now.
The highest volume subpenny today has 3Billion FLOAT and 9billion O/S but somehow that is more attractive. Traders will said anything. I rather stick to logical fact. B/c 8 years in this and I already hit 7 figure profit with that. Dare I said not many I seen with me 8 years ago are in the 7 figure range b/c of the daily flip or scare tactic trading. That just tiring.
I am beginning to admire you and your opinions
I think they are spot on and so impartial
Keep it up
Great voice on this board with a great sanity check
Balanced views with no to da moon or da to trash opinions
I like that
Since you haven't been here that long, here is the dilution history of SNMN since Troy took over the last 18months +
approx.:
5M in Aug 16
17M in Jan 17
1M in Mar 17
1M in Apr 17
That is it. Acting like there are so many insiders. Why not worry about retail such as myself that have zero avg and holding free shares the last 18 months buying in the triple. Somehow retail buying in triple are not as dangerous as other. You know how many time this stock bounced for 100%+? How many time all of us long flipped it? People scream dilution but it's just retail long lowering their avg while PR comes out. Am I an insiders? I already made close to $50K with this while other people in the red?
SNMN had been doing its thing for 18months+++ Nothing change. There was nothing to hold on to 1 year ago. Just Triple zero lotto.
Anyone see the contradiction? I won't buy this b/c wow it's so bad but if it's few ticks cheaper I would totally gamble and buy back in. The 1.9B is still there. Why take the risk for minor gain? Best invest in company that isn't a risk I would assume. Why waste time on such a huge POS RISK, right?
In other words, the dust is settling and more are seeing float is still the same. O/S will be locked up like just like before. B/c no one was worry when that 1Billion shares was bought up? Everyone suddenly expect dilution right away but somehow buying 1Billion at 001 wouldn't have dilution. Some even think buying 001 will make SNMN go to 0005/0001. However, buying 01 dilution would make SNMN go 05/10 instead of 005/001.
Look at all the contradiction and spending so much time on all that contradiction. All I see is potential PPS will not be 5cent+ like I thought but from 0057 to 01 is doable and a nice bounce from 01 to maybe 015 and settle back to 005 or so.
You forgot there was a huge Dip in Sept too. However, no one seem to care when they bought int at 005+. It dip from 0052 to 0024. This dip was 0052 to 0015 and now it's at 0022. There were base at 004/5 few weeks ago too. Float is still the same as it was few weeks ago. Everyone was happy to get 1Billion shares increase back then which I didn't like much but what a start up company could do? Whole point of stock is to raise some capital for start up
snmn
All the PR was pending the funding. That is given. No clue what is the point of the useless info quoting an old fin. Naughty Girl Donut did get $150,000 in May. That is fact. Spin it however you like but that is fact. They are remodeling the place. You could visit the place if you like. $150k is about right for a shop. I personally never care for the doughnut shop. Long are the one pumping the donut shop like there is no tomorrow.
Of course rev isn't in. Make zero sense looking for rev and last I checked, unless you have fin filing for 2018, then most likely it will be zero.
SNMN
Out of all the PRs/deals, the Assets still total $239 and revenues are "0".
Who was posting about the CEOs extravagant lifestyle?! How do you think hes paying for it?
This company looks uglier the more i dig. He doesn't even pick good ideas to pump. "Game vodka"?!
Have you read to the older news releases here? Looks like they jump into a new business idea every other month and never achieve anything.
This has all the signs of a pump and dump and the type of people loading the past couple days wont be here longer than the next bounce... In fact i bet the next news release triggers a “sell the news” event with traders and disgruntled longs trying to get out into any rise. It only takes a minute to see the news releases are worthless here, because They dont come true
Does anybody really think these buyers the past couple days are long holders? They’re all traders looking for a quick bounce
Do they have any buyers of the equity offered?
I would think it would only raise the first million. Wouldn't anymore require a penny a share or more? Am I missing something?
CEO royally screwed longs with his billion share bomb. Especially those of us who picked up more shares in .004s and .005s. Lost my shirt here and I don't trust this CEO any farther than I can throw a toothpick. Who knows what the next curveball will be?? Enter at your own risk here. Might consider reloading around .0011-.0014 because I definitely am a gambling man.
there is no TOXIC dilution sometimes some dilution is necessary for thing to fall into place. I'm not so optimistic about this as I once was just want to see how the news works out
There is NO similarity! NONE! And it all starts with a trustworthy CEO! NO similarity in SS... There has NEVER EVER been any toxic dilutive financing EVER... REAL AS reduction to 600,000 mil... OS 473 mill Float 266 mill, and becoming locked by the day... REAL Exponentially growing REVENUES...
SMH...
Lol. Ooooookkkkk
Appears to be a case of SPS...
Nuf said...
Whats also funny is that the way this company is being seen now is that after all the "BIG NEWS" we are waiting to get this may only hit a high of .008 tops.
Other OTC's hit .005 to .01 in one day while were waiting for this POS to hit .01 from .002 now. funny isn't it
The large sellers are likely the insiders, financiers, promoters, consultants, etc that have received shares in the trips. There is no reason for them to hold on to the stock when its about to be mass diluted
They can dump at any price, reload at .001 by buying them directly from the company, then repeat process.
.... and if it drops below .001, im sure the issunce price will be adjusted lower, just like you see with any other mass diluting POS, right?
Wow that's good to hear!
QUOTE
NEWS next week - Huge, Talked to Troy two times
AS Share reduction
MJ deal
Get ready
Nice day and close folks. Looking forward to next week onwards!
1,900,000,000 share offering filed on 10/4/17...
https://www.sec.gov/Archives/edgar/data/1706907/000072174817000689/snm100417253g2.htm
I would agree with that flipper mentality thing if there wasn't strong buying for the last hour. It was pretty solid, actually. Good luck to you, RVW. Have a good weekend.
I thought we should never go long penny stocks? Aren’t they “all” mass diluting scams, per your claims?!
Why do you hate every dilution deal, except this one, which is a 80%+ discount from the price it was trading at just days ago? What makes this dilution better than others?
Why does he need to sell the farm near the 52 week lows? Wouldn’t it be better if he sold moderate amounts as the stock appreciates, allowing larger sums of money to be raised, with a lot less stock being issued? Is this deal an indication of his poor business planning, or something shadier?
When I see a CEO selling this much stock near the all time lows, it tells me that he doesn’t think it’s worth much more than this.
Again, why is this dilution deal so wonderful?! Does it depend on how big of a bag we're holding?! lol
Loooong history of making false/misleading statements.
The best thing here is no T trades
If this was diluted you would have seen ton of T trades
Level 2 on this stock is clean, don't see diluter MM's
No VNDM..
Only retail flippers boarded this bus at 0.004 and many dumped at loss..hence the drop
The base was about to be 0.004-0.005 before yesterday. The question I am struggling with now: this is legitimate or a scam??.
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