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one sincere question. How can you be so sure that the shares being sold, are shares that have been issued by the company. With the 10k coming soon it wouldn’t make sense for them to sell now especially at these prices. And wouldn’t it be more prudent for them to simply convert their shares and hold them in preparation to sell later at a higher price? That, of course, would make the OS count rise slowly, and PPS wouldn’t drop……The share price drop can be any retail share holders giving up simply because they see other respected, charismatic , knowledgeable shareholders speaking negative on public boards. When I come on to this board and read the things being said it makes me want to sell. I haven’t, but if others saw what’s being said on this board Why wouldn’t the average person give up and sell.
They really are!! This is really a big deal for an OTC company. Almost unheard of. If OTCm doesn’t remove the CE something is terribly sinister about them. Really wouldn’t make sense for them to keep CE on at this point.
Looks like no buying this morning. After that sell off yesterday seems like people now are a little skiddish to buy for fear of the selling beginning again. Personally I think the selling is over .
I feel you. Becoming more difficult to believe with the OS rising so much and negative price action.
I second that dld_ip. Hopefully audited financials will make the difference. We’ll see how these financials will increase the valuation.
Hey Infamous. I Contacted CEO and According to Mr Porter When I asked him about Debt Holders converting he said.
“There's not a single debt holder that converted. There's nothing on the internet that you can take as true. Nobody has any non public information. “
Also when I asked about whether he had any understanding of who could be selling
He said:
“There is only one guy who could sell that many“.
Mr Porter did not elaborate on who he was referring to though.
When asked about the price action today and his thoughts on how long this selling might last and how low he felt this selling might last or what PPS he thought the bottom would be. He said :
“Unfortunately there's no way to control
the stock price. Even "managing" it is impossible today. We're managing the business fundamentals and that takes a lot of time. There's not a lot of "value discovery " these days, only trading on the otc and in micro caps in general honestly. We will work hard for you. We appreciate your support. “
For those who own the stock, including you Infamous, This is all I know. Anyone can contact investor relations just like me. I still believe this is a great company and definitely a star in the OTC. Just can’t figure out when its pps will shine like it should. Looks like it Hit .045 today and started its ascent back up rest of the day. Hopefully the selling is over.
Stay strong everyone.
Check your email.
I don’t have ability to PM anyone on IHUB. I choose not to pay for that service.
Hey Infamous, do you have an email address. I’d like to share something with you. Of course , It’s not insider info but it is from Mr Porter.
Infamous, chill out. I don’t live on social media. Wasn’t ignoring you. Check in every blue moon. On here more just recently because of our conversation. I got the email off their website. mark.porter@highwirenetworks.com
Unfortunately he has not responded. This is very unusual for him. I’ve had many email conversations with him. He always responded back same day. He even arranged a phone conversation with me one day and called me right on time . We spoke for about 45 min and he was extremely nice, down to earth and answered questions as best he could. I’m really surprised he’s not responded back to me this time.
“TXTM Investors Group” is the name. Looks like he changed the name. I think he’s very fearful of having a lot of unnecessary negative talk on the server. This IHUB community is pretty toxic and I’m sure he wants to avoid the same kind of paid Basher posting.
I’ve got an email in to him right now regarding what I mentioned in my post. Emailed last night. He normally responds very quickly. I’ll let you know if and how he responds.
Definitely been waiting. I’ve email Mark Porter , and even had good conversations with him on the status of the company in the past. Always good outlook and great plans. I don’t see any poor execution. The stock just doesn’t seem to have enough eyes on it to be appreciated. Many other companies in much worse situations trading at ridiculously overvalued pps and with much better volume. Not sure what the solution is here.
Does anyone have any special theory as to what is holding back this stock? I can’t figure out what’s holding it down. Based on what I can tell the pps should be .50- $1. What am I missing?
If you all want a real good explanation of what is likely going on behind the scenes you should try to enter Paramorpheus’s server in Discord. This is parabolics channel. When you read his post there you’ll understand what I mean by “ there is more going on than what we know about “. Encourage all to join the conversation in discord. I know he’s here in IHUB but the conversation is on another level there.
No… TXTM has always been current. As CE tags go….This is not a justified CE tag. No delinquencies, and all questions responded to in timely manner with full clarity. This is why I say if they took it legal, even with delays this issue would be resolved quickly. Which is why I firmly believe there is a bigger plan and goal at play here. We just don’t know what Dr J has in store. I think he’s trying to get a win that stops this nonsense for more than just Protext Pharma. We shall see.
That Greed Monster Get ya everytime !!! Do you know how long before they actually in they actually started their fight with SEC? Just curious how long the the actual court battle lasted.
Brojazzy, curious what co that was that had CE for 5 years? What they did to have it there? And did they take it to the courts?
The CE is going to be removed. I just can’t give you a date. Fact: no laws have been broken. The CE gets removed one way or the other because OTCm does not have any strong justification for it to remain there. Frankly I believe that if Dr Jamaloodeen were to have taken this to the courts it would have been lifted long ago. I think Dr Jamaloodeen’s team have a greater, over arching, plan or incentive that we just are not privy to. I know it sounds crazy, but there may be some legal or financial advantage for either him, the company, shareholders, or all three, by leaving the CE for some time period. He’s pausing on fighting “with all guns” for some reason. We just don’t know why. But I have to believe there is a reason. Think about it. The law is clearly on his side yet he’s been playing the patient, long game and maneuvering within the OTCm bogus rules all this time. If nothing else, the case for demanding higher damages becomes greater and greater with each month the CE is left on. For sure…. Dr Jamaloodeen plays Chess, not checkers. The serious fight begins and the CE comes off when it produces the best outcome overall. I’m told by someone I trust implicitly that Dr Jamaloodeen has one of the best OTCm lawyers in the country advising him. Now JMO but, there’s no way they are being this quiet if it were not a strategic move to get the best outcome. This is Not financial Advice, and merely my opinion but…..If you’re patient and don’t sell you’ll experience that outcome. If you’re impatient and sell now, well……..
Those last scrambled letters and symbols was me trying to use the emoji “ Praying Hands”.
Oh…one last thing. For those wondering, I do think that business is going on as usual behind the scenes and I believe we will see some evidence of this on the 4Q financials. Not financial advice , but I will not be selling until well after the CE is removed. Whenever that is. Hopefully soon🙏🏾.
I’m Holding strong. My take : OTCm is well beyond their bounds. Legally & Ethically. I don’t know when it will be removed but I’m hoping OTCm pulls it soon. Unfortunately they have their own rules with no oversight at all. Protext only has a few of options. 1. Fight legally which could take time, but result in victory not only for Protext, but also other unfortunate companies that find themselves in this prison. New laws and new restraints placed in OTCm along with huge settlement pay out. 2. Buy out a Nasdaq Co and reverse merge into it. I believe True adjudication by SEC for this type of transaction would prove Protext worthy of a RM. 3. Threaten lawsuit of great Magnitude. $100-150M+ pushing them to remove CE in fear. One thing for sure, Dr Jamaloodeen and Legacy Shareholders like David Lewis are contemplating and working out the options day and night. They have more shares than all of us combined and have a lot to lose if the CE is not resolved. CE can’t last forever.
You could be right. On the conference call he insinuated that some of the goals they had could be accomplished via acquisition or partnerships. Let’s see where this takes us. I believe the reason for the increase in AS will be known soon enough and likely will turn out to be a good reason.
Understood!!
There may be something to this idea, however, the SEC has no known investigation on Protext or RSA for that matter. Also, as you say, the law seems to be an open and shut case if anyone were to look at the facts and do their own due diligence. No laws have been broken and these are only accusations. Not one single charge brought nor law broken. Any small company doing their own research would be able to see this right away. Lastly, maybe SEC involvement and oversight into this matter is exactly what Is needed to resolve it. If they were forced to take a look , review the facts before approving a purchase, this would be a great way to override a CE. Besides, RSA is a private company and has no CE.
This question is probably the most thoughtful I’ve seen yet. While I’m in total agreement with Parabolic regarding the potential legal case that RSA or Protext has….. the big question is why they haven’t just RM’ed into a NASDAQ co. Plenty of small, Biophama, Cannabis, or Pharm cos on NASDAQ right now that are struggling and would love to be bought out. Bypass all this mess. A RM of TXTM into a NASDAQ company doesn’t cancel their ability to sue. In fact it might even increase the damages owed from OTCm. “ Protext has been stuck and treated unfairly so long and so badly it required them to purchase a nasdaq co to get out”. $1- 3 Million investment would unlock Protext and set them up to make 100’s of millions going forward. Seems like no brainer. Why don’t all CE companies do this? Because 99% of them don’t have the funds or the borrowing power. But RSA has it. I’m confident of this. Let’s Go TXTM ……!!
This really is a BIG DEAL!! NYSE (S) is a global co trading at $17-18/ shares. High Wire is recognized and needed by the big dogs. Just a matter of time!!
Okay. Never mind guys. I’ll educate myself. One thing I’m certain about though is that there does seem to be greater demand for the stock. And also that Humbl was able to convince some investing entity to buy shares at a price of .0020. In most cases I’d think that is at a minimum 20% discount to what the investing firm believes they can sell them for on the open market. I’m learning.
This thing confused me the more I read. So when someone sells 25M shares over time ( possibly dilution ) it is still a buy of 25M shares because for every sell someone is buying. We believe it is a block sell but, We have no way of knowing how large the blocks are on the buy side. We assume it is buying in small lots. But technically it is still a buy if 25M shares. I think no matter who you are it shows some demand for the shares because those shares got eaten up. Is this correct?
Curious, your saying the 25m share T-trade transaction was definitely a sell, but can it also represent accumulated buys? And if so what would that look like. How can one tell the difference between an accumulation of sells vs accumulated buys? For my education. Thanks.
I see the selling but honestly it’s on very low volume. I feel sorry for the little guys who are throwing in the towel and selling their small lots. You’ll know if there is a real problem if there is selling on real volume. Until then I’d say this is incredibly undervalued and you just have to know what you own. Ride the waves.
I’m no expert at reading filings so someone correct me if my analysis is wrong. If you look at the disclosures that were put out on May 15th and May 30th of 2023 there appears to be no dilution. At least not from bad toxic debt. The shares that have been issued are from way back in 2020 & 2021 for acquisition purposes. The % that had had been converted back in May 2023 was 0%. So those debtors have faithfully held their shares for a long time. The float has risen slightly since May but not significantly. What that means to me is that they may be converting their shares from restricted to unrestricted common shares but they are not selling. When you see conversion but not selling that usually means those in the know are preparing for something big to happen beyond a 90 day period of there conversion date. Just hold on y’all. I think news of something big will happen soon. GLTA.
Your not the only one infamous. I too am waiting patiently. Great company!!
I actually don’t think audited financials would fix OTCm issue now. 1st we don’t actually know that OTCm has even asked for them. I suspect they haven’t because this would be too easy at the point where TXTM is in their financials/ business. Prior to Quarter 2 they would have very little to report. That said, I’m actually expecting for TXTM to produce audited financials soon. Q2 or Q3 when revenues from supply deal begin hitting. Not because of OTCm, but because I believe they know what they need to do for nasdaq. JMO, but I believe RsaMMD as a company is not on OTCm time line. They are focused on greater things and know where they are going ultimately. Don’t get me wrong… they want the CE tag off but I don’t think they are losing sleep over it the way we as investors do. They are not diluting, which means they don’t need cash. They are in no rush. PPS is not there focus right now. They know where the pps is going when they have all things aligned. When revs begin flowing IMO is when you will see Audited Fins and not before.
I’m aware of companies threatening legal action against brokerages and market platforms, and other entities and it moving the scale toward their desired outcome. Most outcomes in the business world come about only by the threat of legal action. Behind closed doors in dark conference rooms. Especially when no proof of wrong doing can be found. Not aware of actual law suits against OTCm.
What I’m saying is they have no proof of wrong doing. And I’m saying they have no set standards for removal of a CE. Leaving many companies at great disadvantage. I’m saying they can be very delayed, very vague or even overly rambunctious in there request for documents that go out of the scope of what is needed. Sort of like Trump & Biden investigations. ( no, I’m not political so don’t ask me anything further on that topic). It’s not until after they put a CE on that they move into an investigative phase and nothing is off limits in their request because they have no oversight. The opposite should occur. They should have proof of criminal activity, or grave wrong doing before they put a CE tag on. The Ramifications of a CE are to great not to have investigation and Proof of wrong doing before it is placed. I’m saying their protocols & process are jacked up and need fixing. Thanks
This “pull” is exactly what I’m referring to as being unethical, and quite frankly, illegal in my view point. “Pull” implies that they can go outside the boundaries of their intended role and force their personal agenda / hidden will by influencing powers that normally would not be at play. This is the very thing I’m speaking about. No accountability. No oversight. At some point the courts must reign this kind of behavior in. Define the discipline, set clear rules of engagement, warnings, fines etc…..and implement it with clarity. Then be done with these public companies! 30 days max. Don’t let OTCm exercise their own free will on publicly traded companies and then allow them influence over trading platforms. Have certain clearly defined requirements that must be met before a company loses its ability to be traded. Requirements that involve proving wrong doing. Not the opposite……Assuming guilt, stopping trading, then making a company jump through imaginary, unvetted, non-public hoops that wreak of secrecy and politics. It’s a set up for distrust of the very organization that is supposed to be protecting the public.