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A small honest indication of progress merely demonstrating mgmt is really working on something would push this piece of junk to 10 cents. Honesty and straight forward business effort pays. Right mr/ms SPYR? Is that too much to ask?
Are you a spokes person for SPYR or a private person? Although everyone understands it takes time to get a product to market your stale message is long overdue in being realized. At this time it seems they have no market share so 1 customer would be an increase and if a client of substance was signed they would announce it. This is just another fluff release to make it look like something is being done. I wonder who's next when Joe becomes disenchanted with Matula? Eventually Matula will not be able to provide cover for Joe.
According to SPYR, MVNOs are carriers that rely on the wireless networks of other carriers to offer cellular coverage through their own phone plans rather than having their own wireless networks. A technology business called SPYR creates and sells devices compatible with the Apple ecosystem through its subsidiary Applied Magix, with a focus on the lucrative, multibillion-dollar markets for linked cars and smart homes. The business stated that it continues to find and pursue acquisitions that would increase its market share and broaden the range of consumer products it provides, including businesses making smart technology and artificial intelligence (AI) devices.
Why can't these clowns get this stock up to 10 cents? 20 cents would really be great. What do you think televet? Maybe with your deep understanding of these markets you could help them and us.
Did you read the 10Q. Of corse you didn't. Management doesn't expect you to, nor do they expect others to read and to ad insult to injury you have to make a comment about them "strengthening the balance sheet." this is a lie through not being straight forward so ignorant readers like you will repeat their deceptive announcement. Yes they increased the positive side of the balance sheet by 9.7 million dollars merely by valuing intellectual property and trademarks at 9.7 million dollars. That money didn't come from sales, in the form of revenue. It came from the stroke of a pen. Would you call that creative or sneaky? You have no knowledge of what you speak. In addition, this 10Q was not audited. Who would sign this junk?
didn't like my post. needy, joke
Geotraq never showed any revenues= BS technology
https://ir.spyr.com/press-releases/2022/spyr-inc-comments-on-strengthening-balance-sheet-and-corporate-developments-as-it-moves-toward-launch-of-its-tiny-internet-of-things-connectivity-modems
SPYR, Inc. Comments on Strengthening Balance Sheet, and Corporate Developments as It Moves Toward Launch of Its Tiny Internet of Things Connectivity Modems
SPYR Technologies
THE WOODLANDS, TX, Oct. 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – SPYR, INC. (OTCQB: SPYR), a diversified technology company developing products leveraging the Internet of Things (IoT) for consumer use and large-scale applications and industries, today outlines recently reported disclosures in its June 30 10-Q, and comments on corporate developments. The Company, via its GeoTraq subsidiary, is at the forefront of the technology development of the world’s smallest, low-power, low-cost tracking modems.
As was recently reported to the public on Securities & Exchange Commission Form 10-Q, SPYR has seen significant positive changes to its balance sheet for the most recently reported quarter, June 30, 2022. With the acquisition of GeoTraq, Inc. during the quarter, total assets were significantly boosted to $9.7 million, up from only $342,000 as of the end of the previous quarter. During the first two quarters of this year, the Company was also successful in obtaining growth capital, with $769,000 raised.
“With our SEC filings up to date, the GeoTraq acquisition fully integrated, and our recently completed manufacturing contract with Asiatelco Technologies Co. in place, we are now laser-focused on readying our market launch of the world’s smallest, low-power, low-cost tracking modems for consumer use and large-scale applications and industries,” stated, Timothy Matula, Chief Executive Officer, SPYR, Inc. “We are seeing interest in our unique technologies growing on an almost daily basis as the Internet of Things (IoT), for which our devices are specifically designed, continues to expand.”
GeoTraq’s tiny Internet of Things connectivity modems are squarely focused on providing the industry with the lowest power consumption curve and the best battery conservation. With industry-leading low power consumption, smaller batteries can be utilized in devices, allowing manufacturers unparalleled flexibility in designing ever-smaller internet-connected devices. GeoTraq is employing numerous innovations to achieve its low power consumption profile, many of which are included in their Patent 10,182,402.
SPYR Technologies Readies for Market Launch of World’s Smallest, Low-Cost Tracking Modems - https://www.investorwire.com/investor-news-breaks/investornewsbreaks-spyr-technologies-spyr-readies-for-market-launch-of-worlds-smallest-low-cost-tracking-modems/
You ask the wrong person.
Televet...
You do know about FCC Regulations!! There are RULES.
What are your thoughts on an Unauthorized Cellular Chip, with an Antenna and a Batteries attached to a Bomb on an Commercial Aircraft?
There is a Shit Load of Fraud going down...
Unreal! If true I would call it so fitting. Is it possible the bogus tech/patent was sold to the Fiori, Matula, SPYR syndicate by very creative group of crooks. I would think as a real company, Matula and company would have employed a really good patent attorney to do their diligence before forking over millions. SPYR management like other shifty groups could have easily succumb to their greed and quickly made a bad deal by not checking everything for a quick close. After all SPYR hasn't been proved to be a real company. Although sounds like karma until this account is verified. On the other hand SPYR could be in cahoots with geotraq understanding geotraq was bull but perfect science to pump up a bogus company, SPYR. Did money really change hands?
ARCI was Booking a $200K+ Equipment Inventory Asset for Geotraq. Gregg Sullivan only had maybe a few hundred of these modules produced (from my assessment) and I am not sure if Pierre Parent ended up possibly bought an allotment of the Sequans Monarch Chips as the leftover CTO/GM of Geotraq.
The MediaTek chips are now worthless, because even back in 2016/2017 I was explaining to Gregg Sullivan 2G and 3G Technologies are being End of Life and Phased Out.
A "Red Flag" on this SPYR Company is understanding who is running it. Anyone that knows how to do basic Background Research will see the "Cronyism" Connections.
So if a reasonable investor just looked at the Financials, a Top End Deal was $26 Million and now this same deal was just sold for $13.5 Million what does this tell an investor?
Hot Break-Thru Technology? Or a Dog-Shit Fraud?
The Patent that was Granted to GeoTraq is worthless. As a 35+ Telecom R&D Veteran, I came across Gregg Sullivan the so called "inventor" of this module back in 2016. What a fraud. Gregg ripped of another company that was in the process of creating a Baggage Tag with the same 2G MediaTek Chip. That product also never got off the ground. And it appeared Gregg had initially had this other company called "GoTraq" and he up and Deregistered all the Common Shares. Then somehow re-emerged as "Geotraq" and sells out to ARCI. Essentially screwing all the early stage investors in this product.
This Patent is written so vague and it is also attempting to do an "end-run" on how Legacy 2G/3G Technology works. Which by the way is all but discontinued in the Telecom Celluar Industry. Gregg was fired by ARCI (essentially JanOne) for Cause back in late Dec 2019 early Jan 2020. Gregg is a total pathological liar and bullshit artist. I still don't fully understand how him and Jon Issac (LIVE) and his dad Tony Issac (ARCI) got hooked up. The whole deal was booked improperly on ARCI's Balance Sheet too IMHO. The Majority of the deal was valued at $26 Million and mostly was Preferred Shares of ARCI. This was all "Booked" as an Intellectual Property Asset. It essentially massively inflated ARCIs Balance Sheet. ARCI was writing off $1 Million a Quarter of this on their Balance Sheet. Funny thing though is all these Preferred Shares were divided up between Tony, Gregg, and one other guy, Juan Yunis (an Issac Crony). Juan had the largest share, which instantly if he converted these Preferred Shares to Common ARCI Stock made him the sole Controlling Owner of ARCI. ARCI clawed back 50% of Gregg's Preferred Shares and there was a Lawsuit between them. Not sure of the outcome, but I know it was a total mess. A number of Geotraq Employees also got shafted by Gregg. I assume he is under a rock somewhere.
With my Due Diligence on Geotraq back then all kinds of "Red Flags" were apparent. I had thought Pierre Parent the CTO also pretty much jumped ship after doing an "Overhaul" on attempting to redesign this module to use Sequans "Monarch" iOT Chip and then had partnered with Polte to use their Centralized Backend Location Service. Either way, none if it got off the ground.
Everyone around this whole thing is embroiled in Lawsuits and Civil Actions. Especially, Jon Issac via the SEC.
I will have to review these latest shenanigans.
68 Huatou Road Building 8
Changing Hi Tech Park
Paudong, Shanghai 201203
China
I rest my case. I won't go into it, you get it. To save a few pennies overlook the filth and stupidity.
Oh it's ok, they have a U.S. address too.
Great news? What's great? They have "selected" Asiatelco Technologies Co. to produce the Geo Traq product. What they didn't say was, they signed a contract or they have come to an agreement in principle with Asiatelco. They didn't even say they are in final negotiations of a deal. If they had a more promising message they would be screaming it from the roof tops and if they do have real news and didn't put it out they would be in great legal jeopardy if not bush-leaguer stupid. this news is like all past releases, without substance and fluff. This stock's price now .01 last sale. a BS release is a great way to get a piece of junk .01 stock to get pushed up to .05 or higher. Read my previous posts and wake up. Expect them to start buying the stock up because the initial release is to weak to entice retail buyers. Don't be surprised if this becomes mid penny value because anything can happen but I've said before, you want to own before the greed team moves this stock up. Well tele vet, you sure are right, it is great.
Finally, I didn't check but is Asiatelco a Chinese company and if so not smart?
Great news!
Manufacturing partner selected.
https://finance.yahoo.com/news/geotraq-selects-manufacturing-partner-build-130000225.html
https://www.asiatelco.com/about-us.html
SPYR: SEC Charges Executives and Director with Lying to Auditors
https://www.sec.gov/litigation/litreleases/2022/lr25517.htm
On September 22, 2022, the Securities and Exchange Commission filed charges against the former Chief Executive Officer of Spyr, Inc., James R. Thompson, the company's former Chief Financial Officer, Barry D. Loveless, and director, James A. Mylock, Jr., for making false and misleading statements to Spyr's auditors. The SEC also charged Thompson and Loveless for filing periodic reports with the SEC that failed to include required information in the financial statements.
According to the SEC's complaint, filed in the United States District Court for the District of Nevada, Thompson, Loveless, and Mylock provided Spyr's auditors with false and misleading information about an SEC investigation into Spyr's investment in a biotechnology company. The SEC alleges that the defendants told Spyr's auditors that they were not aware of "any situations where the company may not be in compliance with any federal or state laws or government or other regulatory body regulations," even after Spyr had received a Wells notice, settlement discussions with SEC staff had broken down, and management believed that an SEC action would be filed soon. The complaint also alleges that Thompson and Loveless signed Spyr's 2017 Form 10-K and 2018 first quarter Form 10-Q, neither of which disclosed the potential SEC enforcement action. According to the complaint, Spyr was required by generally accepted accounting principles to disclose the potential SEC enforcement action because it was reasonably possible that it could lead to a material loss for the company.
The SEC's complaint charges each of the defendants with lying to auditors and thereby violating Rule 13b2-2 of the Securities Exchange Act of 1934, and charges Thompson and Loveless with violating the antifraud provisions of Section 17(a)(2) and (3) of the Securities Act of 1933, and aiding and abetting Spyr's violations of the reporting provisions of Exchange Act Section 13(a) and Rules 12b-20, 13a-1, and 13a-13 thereunder. Without admitting or denying the SEC's allegations, Thompson, Loveless, and Mylock consented to the entry of final judgments, subject to court approval, permanently enjoining them from violating the charged provisions; requiring Thompson, Loveless, and Mylock to pay civil penalties of $50,000, $75,000, and $10,000, respectively; and barring Thompson and Loveless from acting as an officer or director of any public company for three years.
The SEC's investigation was conducted by Matthew L. Skidmore and Michael F. D'Angelo with the assistance of Christopher E. Martin. The investigation was supervised by Mary S. Brady and Jason J. Burt.
SEC Complaint:
https://www.sec.gov/litigation/complaints/2022/comp25517.pdf
Since Fiori had obvious control of this company and then told by government, that he couldn't have anything to do with public companies, ( I think that's accurate) through all the proceeding Fiori puppets and their stupid pie in the sky plans to include cartoon games, electronic resale, and last but not least some kind of tracking chip there's been no revenue/sales. Now I give everyone the benefit of doubt, time it takes to get started but come on. This entity doesn't exist to be successful or turn a profit it exists to allow unethical and corrupt individuals and attorneys to operate within the law to manipulate stock numbers and trades. Their goal is to make money by having the edge of market manipulation not real work to franchise the shareholder. Isn't that common knowledge by now?
2022: $0 REVENUES. GEOTRAQ GENERATED NO SALES
750K shares traded today. MKT closed at .0109 to .013 last sale was .011. What is to keep this from going sub penny. Are there interesting sales or new exciting inventions? Stay alert.
I guess you are using the 2 numbers most commonly used to measure stock value ie. "over sold." There's more to that story and it's wrapped within the comment that the market tells us the value. Well, share/issue size divided into hard asset value (in this case treasury cash) gives us the value of the stock. Great indicator but not the whole story. maybe the market is taking into account the history and players. What do I mean? Trust, for one thing. Joe Fiori who was always less than savory, crooked manipulation and SEC lawsuits. Gruden retires to Florida, Fiori gains power and the company records taken to Florida are destroyed by fire. Really? Fiori's lackey Marlin Molinar promised progress, nonsense for years and nothing. What ever happened to the promised dividends to share holders? Again nothing. Then we have a revolving CEO wheel of friends of Fiori who did nothing. CEO's who can't pee without Fiori's permission. The new CEO is a long time pal of Fiori, need I say more? What ever happened to the cartoon/game nonsense? It went to the same bone yard as the greasy spoon dinner at the Phili airport, with a quiet whimper. Where did all that money go? There's a lot more but you get the point. Obviously the MKT doesn't believe.
I've been saying for months, wait and I thought the stock would go down to .01 or lower. Now that could vary up or down but at a penny this group of crooked slime will realize an opportunity. Buy stock in size, when doing so they will probably coordinate their buying with some empty news further legitimizing the stock and when for .05, .10 or much more when retail buyers come in to take stock the crooks will unload their .01 stock for very substantial profit. This really works if the news is good or at least believable. This effort can be further enhanced by the cooperation of other less than ethical dealers in to make a profit playing the game for a quick profit. Your play is that of banking on their greed. Be there or be square. At some point you want to be long at the lowest possible price. LOL By the way, I have no proof of misdeeds. I am merely presenting my thoughts. It's a shot.
Why the phone no of a Denver attorney???
Thank you for that. Is it possible that they have an office and use this as their mailing address. Often those with home offices use the post/ups boxes to separate the business from their home. I'll try to find out.
Is that true? Can you tell us which town, which UPS store? I assume it is a lock box.
SPYR head office is a Texas UPS store
Ant they declare having a mere 3 employees...
SPYR head office is a Texas UPS store
Ant they declare having a mere 3 employees...
Solidly below .02. ,015 is the next milestone. if we can get there, "Katy bar the door." (did I spell it right?)
MKT .0173 to .0186 ... 70K by 149,700K
After about 8K of stock trading at .02 the offering of about 200K shares
at .02 was reduced around .018 or .019. Clearly there's no appetite in the market for this thing at .02 right now. If that feeling persists why would anyone pay up. That said, anything can happen considering the "random walk theory," ie. this afternoon an idiot can decide he/she wants or needs to own this stock and buys 1,000,000 shares pushing it to 10 cents. likely no, possible, sure. Or a retail investor with the plan and has purchased this on the dips decides to push the stock eventually sells their position for a penny or more profit. Could it be two MMs working to coral the market flow, sure and really hard to prove. There are many ways to manipulate. Our trick is to be prepared for when they are ready to push to make a profit and be in position before and sell near a high. Not as hard as it sounds. Remember you are less capable of trading than MMs. They have clear advantages.
100K taken at .018, about 100k still bid .018. When that bid is filled this could be at .015 or lower unless someone feels it's time to work on moving it up. A .02 profit is $2k for every 100k shares. This is not the realm of professional shorters because this crappy company is unpredictable and could for no reason shoot up to unpredictable levels. (isn't that what everyone's praying for "could happen") Well it's just stupid to take on unlimited loss potential in a short but it is reasonable to limit your loss potential by your own acceptable level of loss by going in the size you like. Your choice. Responding to often repeated trends in stock price up and down week after week. Now, I know most of you are heavy hitters and profit 100s of K a month but those of you are just regular every day people might think 100k or 200k shares become a .02 stock traded for a .02 profit yields a $4000 trade. Sometimes more sometimes less. No matter what you do you can sometimes lose but this thing isn't going out of business, (I don't think), they have money in the bank, I'm told. I'd take a small profit every time happily.
This thing is trading at .018. Can it be pushed down to .01?
.0214 close on 8/26/22. Any thoughts?
What makes you think that?
I'm hoping to see a manufacturing partnership soon. And updated the GeoTraq website.
Let's get going!!
That's very interesting, although I hate the word expect and still have a very negative opinion of Matula for good reason, the more info makes me more comfortable. The key is always the same. Can they market any of their products. Tracking by cell may offer advantages to GPS for any number of applications.
"Tim Matula, SPYR CEO, commented: "We acquired significant intellectual property rights when we acquired GeoTraq, including the patented GeoTraq technology, that will position us into a sizable market ready to embrace IoT devices able to locate, monitor and track the movement of inventory, and a wide variety of other assets including the ability to monitor connected sensors. We expect to invest, manufacture, market and successfully leverage this technology for the benefit of our shareholders.”"
Got some info today regarding GeoTraq technology.
Their technology uses the cell phone network for tracking as opposed to GPS.
This is the GeoTraq differentiator.
https://uspto.report/patent/grant/10182402
Looking for major progress with this tracking endevor. Price points and capability should make this an easy sell.
What exactly does Geo Traq technology do? Is it a better battery, or is it smaller and finally, are there any contracts or revenues? Just posting links to empty announcements by the company tells us nothing.
IoT for Gun Control
Real Problems Require Real Solutions.
The South African police force found many of their guns ending up in the hands of warlords, with no solution to track or recover the lost and stolen property. GeoTraq modules are the only solution small enough to fit in the handgrips and provide global coverage at a price that makes real business sense.
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