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You are probably right and know more than me about what is going on.
From the past q and shareholder letter Lorriane had indicated she already had the company's selected and it was just a matter of time. Atleast that is how I read it.
With no phase 2 and the salaries they now have would be suicide imo. I don't think she would do that since they have great products and demand or so it would seem. I think they need to act fast to acquire money generating companies to keep these salaries.
Just my opinion - Might be a stretch, but it keeps me from getting pissed.
Notice the float/OS increased 500k, that's not Dilution imo. Seems the lenders are in control or paid off. That could be a positive but if it is EVERY SINGLE COMPANY THAT PAYS THEIR DEBT OFF WOULD TELL THE DAMN WORLD PROUDLY. GNID didn't
Imo don't expect an up list for 1 year or more. The Execution/Strategy is awful. Not even close to their prs that's for sure. Stockmedic totally mislead investors with his Deep Sea fishing bullshit.
Was wondering why the price hasn't fallen more in the last two weeks. Someone is selling, but who is still buying. Don't think its anyone here. Someone is buying along with the seller, otherwise we would have fallen more. imo
Looking at last GNID Q. Came across this. Cant remember seeing it Paid...PPS won't take much more.
On May 24, 2016, the Company entered into an agreement with Adar Bays, LLC to invest into the Company $35,000 in exchange for a convertible promissory note. The note bears interest at the rate of 8%. All outstanding principle and interest is due and payable on May 24, 2017. The note is convertible by Adar Bays into shares of the Company’s common stock at any time after 180 days from note issuance (November 20, 2016). The conversion price for each share is equal to 65% multiplied by the lowest trading price of the Common Stock on the OTC Market for the 20 prior trading days. The Company has the option to prepay this note plus accrued interest at 115% of face within 60 days from note issuance, at 125% of face within 61 to 120 days from note issuance, and at 135% of face within 121 to 180 days from note issuance, after which time the note may not be prepaid.
Dave
Last I checked GNID was back on The Ruth Group website.
Would love to see that two week update be the CMPO shortly after Dec. 1st.
Who am I kidding, I just want phase 1 complete
Matt
haha, The only thing he will say is all our questions will be answered in the Q and following update within two weeks after the Q
Next time you talk to MB GNID Counsel, ask him Que Pasa?
Translation Dictionary Qué pasa?: What's up?
... "on there website and I think they have now taken all that info off the website about transfer agent, sec council, Wellington."
Company Officers/Contacts
Lorraine Yarde CEO
William Koch Chief Sales Officer, Chief Marketing Officer
Richard Iler CFO
Faruk Okcetin VP, Sales & Bus. Dev.
Mark Basile General Counsel
Company Directors
William Koch
Susan Von Kutzner
Transfer Agent(s)
ClearTrust, LLC
Shareholders
Shareholders of Record 95 a/o Nov 15, 2016
I was told the Q would answer all questions and an update would be released within two weeks after.
Still trying to stay positive
Matt
Telling lies to sell shares imo. Selling shares to provide a lavish lifestyle, is it a friendlier way of stealing with no repercussions. All in my opinion of course!!
Telling lies to sell shares imo. Selling shares to provide a lavish lifestyle, is it a friendlier way of stealing with no repercussions. All in my opinion of course!!
I wonder how the SEC views a company insider posting on a public message board posing as a shareholder. Hmm...
Sucks when the company tells a story that doesn't line up with reality.
The whole story we were fed doesn't line up with reality
Would this statement from Mark Basile indicate they have the SEC Council Law firm under contract?
"The company's SEC attorney forwarded your email inquiry to me for disposition. The company has a new policy that extends to the professionals retained to work for the company to not discuss any aspect of the company with any outside party"
Today I emailed Scott Doney who's email address was on genesys ID website as the SEC council they are to retain. I asked Scott if they were representing Genesys ID. He Replied I do not discuss my client base. What can I do for you? I then said I was an investor and all I wanted to do is see if what was on there website was correct. He must have forward that email to Mark Basile who replied with this I am General Counsel to GeneSYSID. The company's SEC attorney forwarded your email inquiry to me for disposition. The company has a new policy that extends to the professionals retained to work for the company to not discuss any aspect of the company with any outside party until such time that party provides to this office proof that they are an investor, and only then, will the company answer questions based on previously release publicly disclosed information. In the meantime, you can gather information on the company that may address your inquires through public disclosures only.
He CC Scott Doney and Lorrainne Yarde on this email he sent me.
I then asked this I noticed you now have a transfer agent, but it seems to fall short of the qualifications that was previously listed on your website as they seem to only have OTC and pink sheet companies. Is this just a temporary transfer Agent or permanent?
And this was Mark's response:Before I answer any questions, you will need to provide proof that you are in fact an investor. Once this office receives satisfactory proof, I will be happy to address your questions based on previously disclosed public information.
I just went on there website and I think they have now taken all that info off the website about transfer agent, sec council, Wellington.
Not sure what to think - Scott Doney from the SEC council law firm must be at minimum talking with Mark because the emails came fast.
This is what I was trying to check off:
Is the Ruth Group on board
Is the SEC Council Law firm on board
And is this just a temporary transfer agent, I was thinking maybe the one they want to use will only start once they are on a higher exchange.
Hoping for the best
Matt
It's a trashy OTC stock being hyped up like it's a national exchange type company. I believe Stockmedic overhyped it and kept dangling carrots on behalf of the company knowing damn well the company was no where close. I had time to look back at a lot of posts and man were we mislead.
Not passing Final Judgement until this next filing. I Can't believe these days, with the Internet shrinking the World, GNID Insiders would place their REPUTATIONS on the line, that's the "BET", just to make a few bucks.
You can make money back, but your Reputation is another story.
Still not convinced this is/was REAL. Not the way you go about starting a Company. Toxic debt for Salaries with no Cash flow. Good thing I'm not on the BOD. Would have been an interesting day when they= discussion came up. Looks like the money all going back to Original players from Biometrx and Axius. GLTU
I have to agree that what we've heard from certain people is nowhere close to reality. Amazing what head games have been played to keep people hanging on by dangling the carrot of false information.
This is the last time I fall prey to kool aid of this magnitude.
It's a disgrace. Unreal what management promised vs what they fulfilled. Just another OTC pos.
Welcome back. A month removed to sit back and look at GNID objectively. Any Current thoughts on GNID?
ICRD http://cardnetone.com/
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ICRD **Updated DD 10/12/16**
Share Structure:
Authorized-100,000,000
Issued and outstanding-35,843,703
Restricted- 11,783,645
Float- 24,060,058
Great pick. Thank you.
Anyone here have an eye on KBLB. US Gov looking into Dragon Silk.
Let's goooooo fellas!! Happy Tuesday
Everyone should enjoy their summer it will be a slow one but that's the best time to hang with friends and family! I feel RX will be doing stuff that we can't see and just hang on for when news and more news comes out before years end :)
In loaded up and may grab more but regardless I hope everyone got in at these levels now... We won't see them again
Cheeky has been on FIRE!!!!
Cheeky the DD machine ;)
Nice work!
LOAD >> (PLEASE READ)$TEUFF formerly TEU on the NYSE was delisted due to not maintaining the $15,000,000 Market Cap needed to meet NYSE requirements. Fundamentally TEU is strong. Assets exceed Liabilities by 3.6 Times ($356,000,000 vs $128,000,000 or a Shareholders Equity of $228,000,000, Yah that's AUDITED and REAL and YOURS). TEU comes with 9 Active & Young Vessels which make them a very attractive Shipping company, one that will draw the eyes of stronger, bigger companies for potential Buyout opportunities based on BOOK VALUE or Better, imo. Now what people are missing is the strength TEU has shown over a 5 Year period where most shipping companies have struggled and or went BK. TEU has had 4 of 5 years of STRONG Revenues between $40 to $60 million Annually and Profitable. 2015 we seen an Impairment which could have been avoided and TEU would have been 5 years Profitable. Here"s what people are missing, being on the National Exchange your company better beat the numbers, the EBITDA and bring shareholder's value, they didn't, so time to delist but only because the Market Cap. So where did they go, OTCQX for a short term. A very respectful exchange. What's that mean for us, it means we get to buy shares at discounted prices because facts are facts, TEU has Massive Upside and Huge SHAREHOLDER'S EQUITY of $228,000,000. So for us to accumulate these prices are seriously gifts. Especially when the Natural Book Value is $7.11 based on 31.25 million shares. REAL COMPANY, REAL ASSETS, REAL REVENUES and LIMITED LIABILITIES. Those are the REASONS the WORLD BANKS CREDIT SUISSE AG and ABN AMRO N.V., not Kodiak, have waived payments for 1 year on $131,000,000. They support the BUSINESS PLAN TEU's CEO has offered. This securing NEAR BREAK EVEN COSTS for TEU. That my friends, is HUGE. Still in doubt, well the CEO and the Directors have agreed to Purchase OPEN MARKET SHARES, Approximately 10% by both and an additional 5% by the CEO, that's a huge statement by the company, a huge sign of confidence. Also NOWACKI MICHEALS has INCREASED his holdings to 26% at the time of the Delist. WHY, because he too is confident in the company as well as the fact TEU's SHAREHOLDER EQUITY assures all shareholders of a return whether the GROW as a company or go BK (not happening) lol. WIN WIN. Best of both worlds.
So now it's up to you to decide, is TEUFF a BUY or not....FACTS SHOW TEUFF is GROSSLY UNDERVALUED by a MILE
Quick Math
$228,000,000 Shareholders Equity with 31.2m Shares Outstanding says Book Value is $7.11
or if you think it's diluted, let's go with this scenario (SS has stayed pretty low for 5 Years Only grew by 10m)
$228,000,000 Shareholders Equity with 50m Shares Outstanding says Book Value is $4.56
What is 'Shareholders' Equity'
Shareholders' equity is equal to a firm's total assets minus its total liabilities and is one of the most common financial metrics employed by analysts to determine the financial health of a company. Shareholders' equity represents the net value of a company, or the amount that would be returned to shareholders if all the company's assets were liquidated and all its debts repaid.
Read more: Shareholders' Equity Definition | Investopedia http://www.investopedia.com/terms/s/shareholdersequity.asp#ixzz4CGzPrKOl
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That's what I thought. I'm playing a hunch and I hope I am right. By the way, please find us another great pick?
No, company gone silent.
Hey Cheeky, do you know the current float for RXSF? Thanks-n-advance
We are already dead lol. We need a turn around korsatH! If management delivers what is promised, we are going to be just fine ! :)
Same in here finger crossed
Ouch, i missed this sad days but it's hurt so much :(
By the way i'm still holding
SM - when do you think phase 1 will take place? Are you expecting this in the summer or fall along with phase 2?
Thanks
Matt
Why is everyone talking like this is over and failed? Did I miss something ?
Did the deals fall through ?
Giving up without conclusive info? It's not over til it's over. Let's be real, I hate the pps right now. But just because they tweeted a quiet period doesn't mean it's over
And I feel u and u maken all of us feel horrible cause u all care about you we all do even bashers
Cheeky u need to relax so u can think . Behind darkness their is a sort of light that you will never see till u relax and clear up ur mind the stop signs aren't the end of the road
Going off topic here. if there is any one who live in NY and up for stress relief fishing trip let me know been going for the last few weekends its just amazing . Even with out catching any lol . No I actually got to keepers and had fun been out of the city . I go from sheepshead bay Brooklyn . Plz let me know we can arrange something GLTA
These first 2 phases are gonna be game changing events!!! Excited for the bright future of rxsf!!! Let's gooooooo!!!!
Thanks much for the reply.
Phase 1 is designed to retire all the debt against RXSF and to Provide operating capital into the fall. i understand that number is now $1.5m instead of $1.0m. This will also clean up the companies books while it is acquiring other companies to grow the revenue base and EBITDA through acquisition. Wellington Shields & Co have made more than $15m in cash available to RXSF to complete acquisitions. That's phase 2. Once both those phases are completed, expect the company to quickly move to NASDAQ and leave all the Bashers behind. I put my money on a 100 year old banking firm than I do a few paid and greedy Bashers who claim the company does everything wrong, yet they keep accumulating stock.
Probably don't want to even be apart of that board Bc of all the blatant bashing
what happened to all the moderators? they all bail?
im banned, but ill take it :)
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