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WTKN CONVERSIONS COMING soon on WHAT CALENDAR DAY?:
10SION® has several outstanding convertible notes as follows:
- 5/12 $50,000?
- 8/12 $325,000?
- 2/13 $210,000?
- 6/15 $220,000?
- 5/15 $85,000?
______________
$890,000?
-$14,966.80? (...The Company increased our authorized common stock to 600,000,000 shares from 400,000,000 shares. On July 26, 2019, the Company issued 299,336,000 shares of common stock in conversion of $14,966.80.00 of a 2012 convertible promissory note...)
______________
$875,033.20?
https://www.otcmarkets.com/financialReportViewer?symbol=WTKN&id=230275
What are your thoughts about this $875,033.20?
WTKN Public Float = 350.7 million shares, correct?
Chronologically speaking?:
1) Number of shares in the Public Float: 51,324,658 at June 30, 2019
2) ... Subsequent Events
3) ... On July 26, 2019, the Company issued 299,336,000 shares
New Public Float = 350,660,658 at July 26, 2019?
Correct?
(ref. to https://backend.otcmarkets.com/otcapi/company/financial-report/230275/content?)
What are your thoughts about this?
Kenneth BLAND WON'T issue WTKN shares-to small-PUBLIC investors like YOU and ME, to fund the brand new micro-refineries business because of that MYSTERIOUS 'LENDER' who is taking care of everything, with the FAT $107 MILLION USD he/she provides? (subject to a MYSTERIOUS 'due diligence'?)
Basically, it's a MIRACLE?
We will NOT be abused for once in the EXISTENCE of the OTC market, thanks to that MYSTERIOUS and MIRACULOUS 'lender'?
EXCELLENT?!:
What are your thoughts about this?
You must have missed my last answer. And every other answer. These are the times I wish I still gave this awful site the money to block someone.
Monday I-will issue a PR mentioning a MYSTERIOUS lender that will lend me 279 Million US dollars?
Why not?
$107 Million is kind of low, I prefer $279 Million?
If I don't name the lender, then my PR will be unverifiable, so my PR will be true, right?
That's how https://www.jw.org people proceed, right?
And Ken BLAND is in https://www.jw.org, right?
What are your thoughts about this?
Name the NAME of the MYSTERIOUS 'lender'?
What are your thoughts about this?
Don’t know nor do I care
cuecu, who's the MYSTERIOUS 10SION 'LENDER' needing DUE-DILIGENCE before providing funding?
Lender name?: _____________ ?
What are your thoughts about this?
Again..the problem is it doesn't read to me like a reverse split in the sense that everyone is saying. This is my point. I could be wrong. Just giving you my opinion. WTKN, or 10sion or whoever they are, should clarify this if they want people interested in their stock. No one but them can make absolute statements about what is going to happen here because it is very vague. The main point is there’s no interest in the ticker. That’s all I care about. It’s a shame because the share structure setup, with decent volume, is great from these levels. But the vagueness of the filing is most definitely contributing to the lack of interest. No one cares
"Common sense" would seem to dictate looking at this pair's history to try to see what they will do in the future.
I believe that there will soon be plenty of additional shares to satisfy any concerns about the size of the float.
But I don't claim to know exactly what Bland and Morris are doing. Maybe they are really going into the micro refinery business, and maybe they really do have massive capital infusions, and maybe some of the more troubling parts of the filing were typos. How on earth would I know?
I'll remain on the sidelines. And I trust that time will tell. It usually does.
You mention easy answers to my question..but i didn't see one answer to any concern/question I raised. I certainly can see the SS, since it's plain as day on OTCmarkets. None of that is debatable. I cited the exact numbers you just repeated back to me. The point is why split a float to 855k. No one will want to buy an illiquid trap trading for way more than it should. I don't know SSOF, nor do I care. Just trying to use some common sense here.
I agree that there are many unanswered questions. Some of the questions you raise, however, would appear to have easy answers:
In the filing, the share structure is:
Total shares authorized: 400,000,000 At June 30, 2019
Total shares outstanding: 299,336,000 At June 30, 2019
Number of shares in the Public Float: 51,324,658 at June 30, 2019
On OTCmarkets, the share structure (as recently verified) is:
Outstanding Shares 598,672,000 09/20/2019
Restricted 547,346,099 09/20/2019
Unrestricted 51,325,901 09/20/2019
So, all of those shares that got issued were restricted. The Bland/Jackson MO from SSOF would seem to be issuing unrestricted shares. But apparently not this time.
This is not the first filing that has been hard to understand. Check out SSOF's filings (going back through PROW, MBHC, and MMHC). Check out also the fiasco with the Greek restaurant, the purported involvement of Ho, and many more. Actually, I would give this WTKN filing high marks (if I was grading on a curve). And when they say current shareholders get 0.0165 shares per each current share, I would want to stay safely on the sideline.
i don't currently own shares here, but the confusion arises because the verbiage in that filing is anything but cut and dry..regarding a split. I'm far from the only one that feels that way. I look at many filings daily, and this doesn't read like any normal "reverse split" verbiage I've seen. Maybe that's intentional. Who knows.
So as of June 30, 2019..on the semi annual report filing...the float was listed as 51.3 million. Obviously the chart shows there has been no dilution since then. If they did a reverse split of 60:1, the float would be just over 855k shares. That would be absolutely ridiculous. Even if Ken wanted to then dump the shares he received from the 14k note payoff, would anyone be on bid to buy them with that float? I don't see that. He could have been sniping bids over the last few weeks from .01 to .07 and obviously he hasn't. The par value of those shares is lower than trips. Why not do some of it when you release "107 million dollar funding news?" If that news is BS, what's the point if you don't dilute into it? This is a strange one here.
Another way to increase the price per share is to reverse split the stock by 60:1. They said they "will" do this. I'm not sure where the confusion arises.
creucu, EXCELLENT then?
"unless they run this thing up some"
Please run it up BEFORE the vicious 1 for 60 REVERSE SPLIT ok?
What are your thoughts about this?
You know what generally comes with noteholders needing to convert shares. There’s not enough bid support to take a bunch of conversions unless they run this thing up some.
I don’t really read it like that, but we’ll see. I don’t need to stick around and learn anything. The last place I’m going to spend hardly any amount of time is Ihub. These are obviously all scam companies. Just a trade. Could not care less about the “DD” you seem so concerned with.
If you get 1 new share for every 60 old shares, it sure as heck seems like a reverse split to me. (Here's the math: 1/0.0165 = 60)
Don't worry, there will likely be a ton more shares issued soon enough. Look at how many they issued just to retire about $15K in debt. There's a lot more debt left to convert. And the best part is that if they convert debt in the context of a legal settlement, the shares are all instantly free trading.
You'll learn by experience if you stick around. Or, you should maybe read WarMachine's posts at SSOF. Or read the i-box for SSOF. Do some investigation into Bland's lawyer and into Bland himself.
No one I’ve talked to, that has looked at that filing, reads that as a reverse split in the normal sense down here. It is definitely confusing, but I don’t see how this share structure can be split. It’s already almost too thin
HUGE NEWS?!: WTKN (10SION®) is ACQUIRING Jason CLAYTON's co.?!!:
... and making him a DIRECTOR of 10SION®? (see image below?)
That's EXACTLY WHY Ken BLAND wanted Jason CLAYTON's co. (Fluid End Sales) OUT of SSOF business ties and problems?
Jason CLAYTON's co. = "Fluid End Sales" dba "Five Star Rig & Supplies"
Jason CLAYTON's co. URGENTLY NEEDED for $107 MILLION micro-refineries PROJECT, for PARTS and REFURBISHING and TRANSPORT and EXPERTISE and YARD SPACE and PRE-ASSEMBLY? (https://backend.otcmarkets.com/otcapi/company/dns/news/document/38164/content)
THIS IS THE ONLY 'DUE DILIGENCE' THAT THE 'LENDER' WANTS TO SEE?
What are your thoughts about this?
I give up. Enjoy your investment here.
$6.00 AFTER the vaguely-announced 1-for-60 REVERSE-SPLIT, correct?
Concentration is important here?
What is the EXACT CALENDAR DATE for the execution of that VICIOUS WTKN REVERSE SPLIT?
I need it to make my plans accordingly, as a small PUBLIC investor, protected by this PRE-14C Form?
What are your thoughts about this?
$6/share!?! LOL
You're funny!
wadirhum1, I-think 10SION wanted $6.00 per share? (per FORM S-1 https://www.nasdaq.com/markets/ipos/company/10sion-holdings-inc-1068149-88238 ?)
Meaning Ken BLAND will need WTKN at $0.10 PPS at the moment of the execution of the 1 for 60 REVERSE SPLIT, correct?
What is $0.10 compared to today's $0.025 uh?
Yep, you got it, it's a 400% gain? (if you sell one day before REVERSE SPLIT's PRE14C-ANNOUNCED execution calendar date, right?)
You don't find 400% gain attractive? WHY?
What are your thoughts about this?
If you have read any of the OTC documents, you perhaps did not understand them. Here are some doozies from the 6/30 report:
WTKN changes NOT-SUBMITTED to FINRA, we-have MORE TIME?!
WTKN NOT there?: https://otce.finra.org/otce/dailyList
WTKN NOT there?: https://otce.finra.org/otce/DailyList/archives
Wooo hoooo WE HAVE MORE TIME before the REVERSE SPLIT?!
What are your thoughts about this?
Market cap is $14M. For nothing at all.
What do you think of this?
what are your thoughts about this?
Please stop with the nonsense. Feel free to believe in and invest in whatever you want.
wadirhum1, but...there's-a MYSTERIOUS 'lender' with $107M, right?
What are your thoughts about this?
How could it possibly have all that debt? It never did anything. It is just an empty shell that was recently created.
Do you know who holds these notes and what the amounts were used for? Of course not.
Don't you see that you are falling for the same exact scenario? By the same exact people?
My guess is that this is utter BS.
Amazing how little it takes to fool some people.
wadirhum1, WTKN's MYSTERIOUS 'lender' takes-care of-these?:
10SION® has several outstanding convertible notes as follows:
5/12 $50,000
8/12 $325,000
2/13 $210,000
6/15 $220,000
5/15 $85,000
______________
$890,000
-$14,966.80 (...The Company increased our authorized common stock to 600,000,000 shares from 400,000,000 shares. On July 26, 2019, the Company issued 299,336,000 shares of common stock in conversion of $14,966.80.00 of a 2012 convertible promissory note...)
______________
$875,033.20
******************************************************************************
*** CONVERSION TIME COMING IN THE NEXT FEW DAYS?!? ***
******************************************************************************
What are your thoughts about this $875,033.20?
wadirhum1, 10SION has 9 EMPLOYEES? I wonder who they are?
Source: https://www.otcmarkets.com/stock/WTKN/profile
What are your thoughts about this?
Bland's MO is to load up a bunch of debt and then convert it to shares using legal "settlements". This way the shares are instantly free-trading.
He has done this over and over and over again.
I can't believe how easily he fools some people.
Ken-BLAND WON'T issue WTKN shares to small PUBLIC investors like YOU and ME, to fund the brand new micro-refineries business because of that MYSTERIOUS 'LENDER' who is taking care of everything, with the FAT $107 MILLION USD he/she provides? (subject to a MYSTERIOUS 'due diligence'?)
Basically, it's a MIRACLE?
We will NOT be abused for once in the EXISTENCE of the OTC market, thanks to that MYSTERIOUS and MIRACULOUS 'lender'?
EXCELLENT?!:
What are your thoughts about this?
WTKN now in "Oil/Gas/Natural Energy Production" on iHub?
Normal?
What are your thoughts about this?
Thanks for the clarification.
Again....You don’t understand the filing. There is no reverse split coming on WTKN. Makes no sense with that SS anyway. Would be pretty dumb.
And regarding the DTC on WTKN, I was told there is no DTC chill. The problem is that WTKN never registered with the DTC in the first place. Apparently the company that has taken over has already started the registration process. TD and others should be able to buy soon.
Did anyone here take me up on my suggestion to read up on PROW/MBHC/MMHC/SSOF (SSOF is the current ticker, but all of those have been used). WarMachine is a mod there and has put a lot of information into the i-box.
I don't understand how people can invest their money without first reading information that is provided to them on the guy orchestrating the deal.
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