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Anyone heard anything lately here?
I’ll buy more at .0001. That seems to be where we are currently headed.
Haven’t poked my head around here for a while. Crazy how far this has fallen. I really thought business warrior had legit long term promise.
Probably more shares being added to the O/S. Imagine being an early angel investor. They are getting taken to the cleaners right now.
Nothing but a scam here. Feel bad for those who got suckered in here.
Let’s go!
With all due respect, if you think this company is going to uplist on the Nasdaq without a reverse split, you better be putting every dollar of your net worth into this stock. $3.00 is a 40x return on your investment from 7.5 cents.
What exactly makes you think they can do that?
This ain’t gonna help the momo. Outstanding shares went up 115 million. OUCH
SIRC SECURITY DETAILS
Share Structure
Market Cap Market Cap
57,599,866
01/04/2023
Authorized Shares
900,000,000
01/04/2023
Outstanding Shares
773,152,565
01/04/2023
Restricted
236,788,293
01/04/2023
Unrestricted
536,364,272
01/04/2023
Every time you say the company is undervalued or you buy more shares, the stock goes down.. quite comical really
Based on the amount of shares he owns, he’s a insider.
Dave continues to make decisions that baffle me. He truly may be the dumbest presidents I’ve ever seen.
Wow. Back under .07 again. With all the shares to be sold, Is this going sub penny? Sure seems like it.
So now the question remains: who got all those unrestricted shares? More debt conversions possibly? RB Capital? Jefferson Street? Did they negotiate with Tony T? Boy would that be something If they did.
No wonder we’ve seen wicked selling lately. 100 million unrestricted shares were added.
Thanks Massey. Appreciate the continued bone job you’ve given shareholders.
Can anyone explain why the make whole agreements for Martin and George are based off different A/S? Martin’s make whole agreement is based off an A/S of 1 billion and George’s is based off our current 900 million.
George 63 million shares = 7% of A/S ownership. = 900 million A/S.
Marty- 40 million shares = 4% of A/S ownership. = 1 billion A/S.
Seems strange to me both top off/ make whole agreements wouldn’t be based off the same A/S #.
Or is it a sign of things to come with another A/S increase in the future?
I’m not defending but Massey supposedly converted his preferred shares so that the company could use them as collateral against a loan. FWIW, I’m not sure if it’s true or not but remains to be seen.
I will agree with you the dilution is out of control. I personally see a healthy sized reverse split ( 1-25)in the immediate future unless Sirc can miraculously become cash flow positive.
I believe it was asked on the night of Friday the 28th.
I believe someone either on here or the discord reached out to IR with this question and the answer was that an amendment does not restart the 60 day clock.
A lot to you may be completely different than it is to me. Each person should invest what they can afford to lose.
Fact of the matter here is CHNC has dropped from .0044 and it’s knocking on the door to trips. One day of dumping away from it.
2.6 billion market cap ? Yeah get real.
Where’s the name change, ticker change? Uplist? Lotta smoke here with no fire.
I sure feel bad for the angel investors right now who are stuck. People can buy now and basically have the same cost basis and they don’t have the restriction label on them!!
Soon we can all be considered angel investors at these prices! Woohoo!
Still think it’s the most ridiculous post you’ve read in the last 5 years?
Two acquisitions Cornerstone & USA Solar that have now led to civil suits.
Massey doesn’t know how to properly VET a company and it unfortunately has shown itself. He needs to resign ASAP.
You were right on Pablo. I will be the first to admit it.
Now I’ve long said Massey needs to go. It’s more evident then ever.
53 million share cancellation….. yet they turned around and issued 25 million shares via debt conversion and another 15 million shares via Preferred B conversions. Massey won’t stop diluting
Lets see how good SIRC management are to utilize this opportunity to get ride of note holders. Remmeber they were talking about big banks for couple of weeks.
Knowing Massey, he’ll still find a way to continue taking out 40+% loans instead of loans from big banks LOL.
No not strange at all. 1.7 million of debt was converted into 25 million plus shares in August. Wonder who got those??? Another 1.5 million preferred B’s were converted into 15 million common shares.
Plenty of shares will be available for sale with a cost basis that is significant lower than current price.
14 million were added to unrestricted(likely another debt conversion?? . For those who are counting, That’s 40 million shares added since August that are now free-trading.
Auditor probably left today for a month long European vacation. I’m sure we’ll hear that next.
Yep. .0044 to .0015 and going down further….
Definition of bagged.
“Wait until we hear something from mgt.”
You mean like “Form 10 is done but we’re not gonna file it until the Q is released first. “
I guess my definition of “done” is different than Massey & CO’s definition. We’re 15 days past them saying it’s done.
If this company wants to ever make it up to the nasdaq without a gigantic reverse split, they need to start acting like it.
A good place to start would be turning the dilution faucet off. No more of this.
25,074,285 shares of common stock for consideration for convertible debt valued $1,755,200.
#WriteOff Money Is gone forever. Arbiter scammed us
WE’RE GOING TO THE MOON!!!! WE’RE ALL GOING TO BE MILLIONAIRES BECAUSE MASSEY SAID SO!!!!!
Riddle me this.. why are they taking out million dollar plus loans with nominal interest rates in excess of 100%??
Cheap debt?? Lmao. They have notes borrowed with TVT at astronomical rates. It’s comical.
Dumping back into the low teens. We’ll be there eventually. This is hot garbage.
Now if they deliver an Arbiter sized loan and cancel debts or buy back shares. that is what we are really waiting for iMHO
Good one. None of this will happen with Dave Massey as president. Mark this post.
Cough cough cough. My point rings even truer. Massey needs to resign.
It’s called the 25 million shares of stock that was given for convertible debt with a cost basis of .07 cents earlier this August.
Management should be fired. We need a nasdaq level ASAP CEO & CFO If we’re going to make it up to NASDAQ without a moderate R/S.
Anytime it breaks out… it gets dumped back down either into low 20s or teens..
Looking forward to it.
They bumped it up to 650 million.