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Let those numbers sink in and then ask yourself "Why is the market value in the billions of dollars?" There's games being played behind the scenes to prop this up and retail is going to get creamed when the inevitable collapse takes place.
Truth Social media site has just 113,000 users and has seen a 4% drop in users over the past month and 19% this year.
This is why the BOD wants to dump their shares as soon as possible. This turd is circling the bowl.
I would normally be shocked that the accounting firm tied to a multi-billion dollar company was shut down for fraud. But in this case, it's no surprise considering who the players are. The only thing missing is a giant neon sign outside TS headquarters flashing "This is a scam!"
This stock reminds me of the old Road Runner cartoons where the coyote runs off the edge of a cliff and hangs suspended in mid air. He's good until he realizes that there's no ground underneath him ... then splat. Don't look down guys.
Saturday marks six months since the alleged audit was started. I wonder how that inventory count is going.
The market cap is insane. I've been playing OTC off and on for almost 40 year myself and I've seen a number of scams come and go. But this one takes the cake. Why would anyone pay 50x what this should be worth when it's no secret that management is trying to dump and run?
If there ever was a case for the bigger fool theory, this is it. Losses 10x revenue; declining user base; major advertisers rejecting adv buys; majority owner with a history of fraud; principals foaming at the mouth to be able to pull the eject handle as soon as they can. This is a house of cards in a hurricane.
Another $45 off the top and the market value will finally be more in line with the realities of this scam company.
I think it's time for the SEC and the FEC to take a really good look at what's going on here. This smells fishier than an abandoned trawler filled with rotting fish.
It's a very real possibility this is being used as a money laundering scheme. The trading pattern certainly makes no financial sense.
Someone is propping this up. There's no way this is able to hold such an absurdly inflated value on it's own based based on its outlook and balance sheet.
Wow. The share price is completely insane and divorced from any realistic valuation. It's a mystery why anyone would pay 25x the realistic value of a stock with significant dilution and where the principles are fighting for the opportunity to dump their holdings as soon as possible.
Matt and Brian have been giving the finger to shareholders for the last three years. So maybe you don't want to point that out.
It doesn't cost the kids anything to sign a NIL deal. It's a no-lose proposition for them. They can sign and walk away.
I know it's games. But I have never seen one this badly played. This is one for the record books. At least Gamestop and AMC were legitimate companies.
$DJT defies reason. The company is a blatant scam. They dilute the hell out of it. And it goes up? I wonder when reality hits this.
Seven weeks have passed since the 'imminent' soccer kit deal was announced. They have a very different understanding of what "imminent" means than I do. I suspect this deal went something like this:
Soccer Team: [telephone ringing] *ring-ring* *ring-ring* ... "Hello?"
Matt [speaking on phone]: "Hi! This is Matt and Brian from Dryworld! You guys want to buy some kits?"
Soccer Team: "Oh God. You guys again? Don't call us, we'll call you." [hangs up] *click*
Matt: [to Brian] "Hey Brian, these guys are going to give us a call!"
Brian: "Woohoo! I bet it's going to happen really soon! Lets do a PR!"
Press Release: "...This acquisition is opening up the soccer team kit deals in the region with an update on a deal closing expected imminently."
Yep. They are trying to prop the price up artificially and stall for time while they try to get the restrictions lifted so they can dump and run.
Low volume and wide spreads make for weak support.
I think I've been saying that Matt and Brian are not CEO material for 2 years now. They are salesmen and they are currently in over their heads. And Barret is f'ing worthless. We really do need an experienced management team. Because the current one ain't bringing home the bacon.
The question remains: Why no announcement? They had no problem announcing the Brio deal well ahead of time. And they were quick to announce the 'imminent' team deal. So why the darkness?
If they are planning on merging with DI, then there should have been an announcement of signing a LOI or at least a PR that an agreement had been reached.
This would be wonderful if it's all true and correct. But why is the company trying to hide this big move?
Shares are in the toilet now and barely trading. So yes, it's entirely possible.
Correct me if I'm wrong, but they responded to your question by recycling a PR from 6 weeks ago.
Because keeping shareholders in the dark for nearly 4 months waiting for the filing to explain why they issued 100M shares is good for transparency and shareholder confidence.
I wish I could so easily dismiss it as a joke. But this is Matt and Brian we're talking about. So you can't be sure.
Cripes. I hope this isn't the reason they added 100M shares to the O/S for.
No surprise they answered a shareholder inquiry with a recycled PR. It's not like they've been transparent over the last 3 years or so. The big question is why the audit has not been completed. They've had 3 years to prepare for it and it's rapidly approaching 6 months now since it was allegedly started.
The price movement on this defies reason. I can't think of another stock that has so many red flags, yet is so grossly overpriced. And I've been playing stinky pinkies for 40 years. Insanity is the rule of the day here.
Sorry. But that song and dance has been playing for 3 years now.
Since I have a financial stake in this, I see no reason to sit quietly while the company eats itself. This is a public company after all. And they have responsibilities to shareholders including keeping them informed. If they don't like that idea, they can go private.
Let's look at the flip side and ask why someone who is invested in a stock should sing praises to a company as they mislead and otherwise hide from shareholders.
They don't have tell us per OTC rules. But under the circumstances it would be a courteous if they did. And didn't they recently hire a IR company that was supposed to handle things like this? Or does that only kick in when they are dumping shares on the open market?
A dead cat bounce and maybe some short covering? No reason for this to be moving up.
Still waiting to see why they jumped the O/S 50%. Just a thought: If this were some big business deal or partnership, we should have seen news. But that didn't happen. So we still don't know if this is a breakthrough or a time bomb.
At the rate it's going, this may see the teens by today or tomorrow. Any bets as to when this reaches critical mass and the bottom finally falls out?
1000 rubles maybe. But even that's way too high by a factor of 10x.