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I am afraid the lawsuit is still open until March when they will have a settlement conference to determine if On Couirer will fork up the wages or go to court.
I never understood the Walmart Tweet....
The article links Walmart with its own startup of last mile delivery service Spark Delivery.
If you read the article you quickly realize that it has nothing to do with the sales space that Web to Door is working in.
Being interviewed on MoneyTV is one of the first signs that a Pump and Dump is being done.
http://moneytv.net/how-to-be-a-guest/
Don takes around $12k to publish/push PR on to any willing to listen to him.
This is a huge red flag for investors to watch out for.
Zero Added Value News
No One cares about Web to Door vendors. I don't care who sales car parts to honda if I am looking at buying honda stock. I only care if I am looking to buy the stock of who ever is selling the car parts.
I never put a limit on information I am will to share.
So putting in Price to Revenue Ratio Finance into google I get the following:
https://www.investopedia.com/terms/p/price-to-salesratio.asp
In fact all the links are Price to Sales Ratio or P/S. Additionally your "Conservative" ratio of 3 doesn't translate to a Stock price 24 times its value of 0.0001 or 12 times if the price is 0.0002. P/S is used versus other companies to determine if its undervalued or not. Not to give the stock a valuation.
Would you please put a link to what a P/R ratio is? Because you keep using revenue/sales to come up with numbers.... which is a P/S ratio.
Also traditionally P/S ratios have been used for years to hide unprofitable companies.
Thanks for acknowledging that the revenue hasn't been audited. But in the same pr promo Rod talks about a 8 percent operating margin. Which mean 1.2 million in revenue before taxes. Even if you say they didn't pay any taxes the P/E ratio is around 0.03 to 0.04 way below a what a good ratio is.
Lastly during 2017 the company didn't pay full wages, over time and benefits. Per the current and active lawsuit. Meaning that there operating margin was suppose to be even smaller if they had been doing the right thing as any employer should have been.
So if you "know" that 9 billion more shares aren't coming into the market then the 140 million asset valuation is false as well. That's the problem with the high valuation based on the franchise tax it assumes billions of shares are in existence by the end of 2018.
You cant have some incredibly high valuation without a truly massive amount of dilution willing to come. The equation requires that if one is high then the other is high as well.
Where if you do the pro rating of the maximum tax you don't need massive dilution or an asset value.
Yep your right it is 900k. I didn't move the decimal place. But I can admit my errors and even state my assumptions. Like the fact that the 104/365 and prorate is alot easier math then assuming the de assessor knows the combined assets and O/S of Sprv.
How would the assessor office know the OS? We don't even know the final O/S for 2018?
Was Web to Door a De Corp? Or did it file in california and De has no idea what 2017 looked like for Web to Door?
The prorate of the time in which Sprv went back into Good Standing with De was 9/19. And yes you can prorate for the "future". Happens all the time in taxes.
Another example would be if you want to rent an apartment on the 15th of the month. The landlord would prorate the first months rent based on the days you will be using it, and then ask it up front.
I just want to make sure that there everyone understand that the 140,000,000 that your "method" calculates is also based on several assumptions. the most important one is that the O/S is 20 billion. Meanly that if.... and I strongly disagree with the math on this valuation... the company truly has 140,000,000 dollars in assets, then another 9 billion shares are going to hit the market with a par value of 0.00001 that people have to pay 0.0001 for.
Meaning that another $9 million is needed to raise the ask to 0.0002.
Are you trying to perform a P/S ratio? Price - sales ratio? I have never heard of a Price per Revenue ratio?
With a 11 billion OS... that's still climbing and a price of 0.0001 that's a market cap of $1.1 million. At which point you take the 12 trailing months of revenue of 15 million and get a ratio of 0.073. Which.... is good, but this ratio is often used in unprofitable companies with unknown financials. A real measure would be a P/E. But that requires knowledge of profits.
Hypothetically if you believe the Rod hype. Sprv has a PPS of 0.0001. 15 million revenue with an operating margin of 8%. Meaning a net profit around 1.2 million. We don't know all the taxes involve, but federal corporate tax for 2017 was 35 percent and California tax rate was 8.8. Meaning their might be a profit of $674,400.
So earnings per share is 0.0613. So to find the p/e ratio .....0.0001/0.0613=0.00163 which is not so good. Some might argue that means the company is undervalued. I would say that it just means people can't sell their stock for less then 0.0001.
Don't. Sprv is a high risk stock that could take all your money. Never go into debt because you believe something in penny land. Because the stats say you will always lose money.
Yes per the press release they are nearing the end.... but we still don't have a date. So no one knows.
No problem. A question like when financials are coming always gives everyone a headache. The only way for someone to truthfully answer that is if they worked for the company as an accountant. Sprv is a not an sec stock that requires regular filings. Currently it has missed around 10 reports.
So the only real answer is no one knows.
No One knows... and anyone saying soon or a date is lying.
So.... just to be sure Rod who quoted a much smaller number for 2018 doesn't know anything about his company and you know that this revenue will be three times what he quoted.
What are you talking about?
I just checked the division of Corporations DE site and see the Annual File Report is still up?!
https://icis.corp.delaware.gov/Ecorp/FranchiseTax/Filing.aspx?eId=181227191457701
File No: 2227946
Where are you seeing the payment due is gone? Could you post a picture of proof?
If they are just paying the straight estimated tax... then they are not disputing the value. Which is very weird...
You know I would like to provided some evidence to at least support a different theory about the DE Franchise Tax.
Today I logged into the State of Delaware (Division of Corporations) and looked up Web to Door to see if they had a recent status change.
https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx
File Number: 2227946
What I found after paying $20, was that on 9/19/18 Web To Door had a standing change to "Good Standing". Meaning all taxes and fees have been paid.
From there it is easy to figure out what the State of Delaware did to assess Web to Door taxes.
From 9/19/18 there are 104 days to the end of the year.
104/365 = 0.2849315068
Using Method A Web to Door would have to pay the maximum tax burden of $200,000. The Tax Assessor wouldn't have to guess at assets or anything else, just use Method A and boom $200,000.
However, Web to Door only obtain Good Standing for 104 days out of 2018 so to prorate the taxes do the following:
0.2849315068 x $200,000 = Estimated tax of $56,986.30 the exact number on the franchise tax. Done... no 140 million in assets, no weird math. Just plain and simple prorating! DE presented Web to Door with a bill for 2018 and is waiting financial information just like the rest of us.
I didn't know that SPRV is in the painting business....
Because all I see is some useless paint strokes trying to keep this price up at 0.0002 while the CEO is diluting the paint can for all its worth.
Here's a counter argument.
I am fixated about the accurate number of assets because if its 140 million like you suggested then we have another 9 billion shares to be diluted. Meaning another 900k of money needs to be invested into this company to buy up all the 0.0001's. On top of that when the pumping of the company was being done, we has an 850 million shares that needed to be bought at 0.0002. Meaning that the stock needs around 1 million in investment to have a prayer to see 0.0003. and to be honest to see 0.0003 I think you would have to get around 6 million.
So.... how much are you willing to bet that a dark defunct OTC Stock will see a million in investment to get the price high enough to even make a profit?
I just worry that people are making a decision on a guess from some tax assessor in DE and that they will lose their money when the number is corrected during the end of year tax filing and we find out that Web to Door has no assets.
What I am suggesting is that the DE file was a Tax estimate by DE assessor office, and that SPRV/Web To Door needs to claim/file the tax report to lower the taxes. Your assumption is that the DE already has the Federal "Gross Total Assets" number. If Web to Door hasn't filed their federal return then DE can't have it.
And heres another thought.... If SPRV was reported to DE as a non functionally corporate entity, paying minimium taxes to keep the corporate franchise. Then when Web to Door Filed the name change did DE just assess their taxes as 200k and prorate it?
Does anyone know when the official date of the name change was? If you take date of the name change and divide the number of days to the end of the year by 365, do you get a little over 1/4? Taking that number and multiplying it by 200k maximum used in method A do you get the assessed tax?
Actually I did read Delaware's Website Calculation....
Did you know that when you scroll down to the bottom of the document there is a link to a Delaware Gov Excel worksheet to calculate franchise tax?
A Math Problem?! I love Math!
First, thanks for posting links to proof. Its always helpful.
Second, thanks for pointing out its Franchise Tax, not a straight corporate tax that Delaware charges a flat 8.7%. I didn't see that in my original post.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145490599
Alright to the Math!
So using the State of Delaware's Calculator:
https://corp.delaware.gov/frtaxcalc/
I agree that they would have to use the Assumed Par Value Capital Method. Otherwise just based on the authorized share method they would have a tax of 200k.
So using the excel sheet at https://corp.delaware.gov/taxcalc/. And using the total authorized shares found in the Filing with the assumption of Par Value in the filing:
COMMON
20,000,000,000
.0000100000
PREFERRED
150,000,000
.0001000000
So now we have to guess at Assets and Issued shares... Of course this all assumes they have assets to begin with. If their Total Gross Assets equal zero, then their corporate franchise tax would be calculated based on Delaware Tax assessor educated guess...
So I used the last Issued Shares that the TA sent me at 10,897,583,640 plus 150,000,000 of preferred stock. Sadly using the excel sheet I have to put in a "total gross asset" value of 77,000,000 to get the assessed tax due. The only way to get 140 million of "asset" value is to say that they did a full dilution of 20 billion shares and that another 9 billion shares are going to hit the market....
Which to me would say that this company isn't going to be a 2019 best pick.
Lastly, I would like to point out a few things that don't quite add up in this "assessment".
When doing the math, Delaware shows that the companies par value of the stock is 0.00001.... Four zero's not three which is the lowest price that someone can buy this stock for. That means that the company basically is saying that the "common" class stock will always be valued 10 times less then what someone can buy it for. Meaning that every time you buy one share of the company, you have lost 90% of your money. Per their assessment of their own share value. This frightens me because they issued shares to buy Web To Door, and if that's true then how could SPRV issue enough shares at 0.00001 price to cover the buyout?
Finally, Delaware is taking a guess at the tax. Web to Door will have to actually file their assets when they pay their taxes. This guess could be based on similar logistic start up companies, or an valuation of stock. The asset valuation comes from U.S. Form 1120, Schedule L which Web To Door hasn't closed their books for the year, and haven't filed tax forms yet. So Delaware is taking a guess to issue a bill, and awaiting information to adjust their taxes.
In order for this stock to increase to quote "pennyland" alot of things have had to happen.
1) The sellers wall at 0.0002 has to disappear. I am sure alot people have opinions about the wall... but the simple fact is that without investment of a few million at 0.0002, this stock will never go above that price.
2) I have to laugh at everyone saying they are "loading". Currently Rod and co are dumping block positions every week or so, and their isn't enough interest to generate a long term bid. So every time someone says their loading I laugh because either they are lying or they are throwing away money to never be seen again. You have to load more then the dilution to get a bid for anything more then a few hours.
3) lastly in order for people to feel like gambling on a trip zero stock they need money to do so. The dow and several long term stocks have been taking hits this week. Making people grip their money tighter. So unless you are a MM by yourself... this stock will never move.
Or their could be just a huge reverse split and that would get this stock into pennyland.
Let me take a wild swing at it.... Dilution is whats happening?
All those people with shares are now worth less because there are more of them in the market.
Prediction for future WebToDoor Tweets
So as an act of complete insanity sometimes I like to guess as the next steam of PR BS coming from a CEO.
So usually I predict the CEO will put out a tweet about the holidays and love and support for our veterans. But strangely I haven't seen one from Rod, which probably means he is on vacation.
So we are looking at around January time frame for the next PR/BS Tweet.
Its funny, because in the last tweet we have "Ops Update(Version 2)" thats strange was there a version 1 that I missed? Normally I would say that Rod had to have the tweet reviewed by his legal team, but a small company like Web to Door wouldn't have one. So maybe he is getting a review done by the board?
Rod's tweets are pretty standard format. 2 factish statements like "nearly doubled to 80 daily routes" or "Over 80 employees already from our Utah Team alone."
So my guess is that Rod will tweet about something like; exceeded our clients delivery goal for the holiday season; or Utah ops delivered record high of packages.
Of course those don't really mean anything. a Record high for a new hub less then 6 months old is just par for the course, and I would expect that your delivery goal this holiday season would be exceeded. Drivers are trying to make extra money for Christmas and Amazon is having a busy year. But without a understanding of Amazon payout per package we have no idea how that impacts Web to Door's profit, if any.
Nothing is going to happen with financials with the tweet or even a hint of anything negative. So Rod will have to post some forward looking nonsense like "What a great start to the new year!" Or "More revenue, more resources, more WebToDoor to come."
So we will have another month of sitting at 0.0001 with an occasional blip to 0.0002 on one trade. I can't wait for the dilution to stop... maybe then the tweets will as well.
So the Hypothesis is as follows:
1) Web To Door establishes offices in every US state and Canadian Provinces... So 50 US States and 10 Provinces... So around 60 expansion sites. Ok... at the current pace of on expansion site 1 every 3 months that would 25 years. GOT it!
2) Jump into the time machine and set it for 2043... WOW everything is electronic. Most bills are directly linked to your banking, we have cured diabetes and the Texans have won there fifth Superbowl in a role. Ok so lets check out the USPS and Canadian Post. Nope still there and handling billions of advertisements, occasional letter, and official document.
Now lets actually talk about reality...
USPS handles billions of letters and parcel per year. SPRV has NO warehouses or sorting capacity! UPS or FedEx would be in a better position to take over the demands of the Canadian and US Postal service.
IF YOU BELIEVE THAT WEBTODOOR/SPRV WILL TAKE OVER THE POSTAL SERVICE... then tell Santa Claus I would like a winning Powerball ticket for Christmas, because I have better odds of that happening then Web To Door ever getting past 0.0002.
In my opinion... Amazon, FedEx, UPS, etc. will never buy out Web To Door. Why? Let's assume the best case scenario.
1) All vans in California are owned by Web to Door, not leased.
2) The Lawsuit becomes settled and Web To Door/On Couirer 365 Reports glowing Profit
3) Web to Door holds a strangle hold over package delivery for Amazon in its two locations.
Well that the perfect scenario... and even then the assets owned by Web to Door would be considered laughable. If I was amazon seeking to build up my last mile delivery service, I would just hire Web to Door's employees out from under them and let Web to Door choke on lost of business as they don't have any other customers.
If I was FedEx or UPS, I would rather acquire Rontra Trucking or a few other hundreds of companies because they have warehouses and semitrucks that can help me provide coverage in a critical hub. Web to Door, doesn't own a warehouse. So therefore all FedEx and UPS would be buying is employees and vans. They don't need the vans and they can hire their own employees. Amazon wouldn't care about the vans as they can just buy more and the employees can be hired out from under Web To Door.
The only way Web to Door will ever be bought out is that it requires a critical service that another company needs, and right now it is just one of thousands of last mile delivery companies. Rod would have to create a huge deliver hub location, or hundreds of delivery locations to make anyone even think of "buying it out".
I would like to thank you for posting that link.
https://icis.corp.delaware.gov/Ecorp/FranchiseTax/Filing.aspx?eId=181216164316958
The Business Entity number is: 2227946
And shows a corporate tax due of: $57,036.30
Which is interesting because of Delaware has a flat corporate tax rate of 8.7%
https://revenue.delaware.gov/frequently-asked-questions/corporate-income-tax-faqs/
If that is true then Revenue in 2018 for Web To Door was $655,589.66?
Heck alot smaller then the $18 million.
A buyout of sprv? My opinion would be no way in hell. But on a serious note, a buyout of the private stock would only occur if some one was looking to get into the last mile delivery business. Additionally, they would have to weigh the risks of the lawsuit and any debt that sprv and we to door has before purchasing. I imagine any company looking to purchase a logistic company would have many choices to choose from and spec wouldn't even be a blip on the radar.
I think that until real audited financials come out then you have no idea what the stock is really worth. If you are asking about perceived worth then the value of the stock is 0.0001 based on the fact that it can not trade lower. If it could then the massive dilution that took place would decrease the price by a third or 0.000067.
*Sigh*
Very well let me be 100% Clear.
The Document referenced was from the following location:
https://www.courtlistener.com/docket/8157456/56/acosta-v-tforce-final-mile-llc/
Please Note that this is not from Pacer.
From this post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145351585
The logic is that the title of the document is as follows:
The Case isn't dismissed and thats a fact.
The relief they were seeking in the document was against the court order to produce drivers records per your Post:
I can respect your argument. It's the same argument used in the idea of buying lottery tickets. It's just a few dollars and what would happen if you win?
I would like to offer a counter argument. I would ask people to wait for the financials. Yes you might miss the increase from .0001 to .0002 or 0.0003 but you know that you can trust the company as they are cleaning themselves up. If you invest now you are buying shares from the dilution that occurred from the buyout. And if they are running a scam then a reverse split will occur removing you money/profit and allowing them to redilute.
So I would say lose the chance for the easy win and wait growing your money responsibly instead of making wild bets on the chance one might hit.
There is two ways to look at that information.
1) The Bright Sunny Side: Web To Door/On Courier is focused on Delivery of Amazon packages during the holidays. Supervisors/Management is focused on that and can't take time to answer emails/calls about the company.
2) The Rainy Hail Side: Web To Door/On Courier is a fake company, and its website is a fraud.
If you want my 2 cents, here it is. I believe that Web To Door is a low cost website with stock pictures put together for the company. I believe Rod doesn't have an IT professional to update it and probably doesn't check the email account on the website very often. Why do I believe this?
http://transport.thememove.com/
https://socodam.cd/index.php/home-03/
http://logiconglobal.com/warehouse-management.html
Same pictures for Cargo, Logistic Services, and Warehouse. I do believe the company is real and it has some revenue. As for Profit.... I have no idea. Looking at the little facts I can find, they do have a "fleet" of Uhauls and Vans. None are painted with Amazon Prime, or anything else. The company does not have trucking/interstate services unless they use a third party vendor. My guess is Web To Door/On Courier 365 is like a taxi service for packages in a couple locations. Not an emerging UPS or FedEx.
Well someone just bought $2 million of stock... wonder what the disclosure will do for the stock price.
LoL, I have to agreed about keeping your finger on the pulse of things. It always seems like the moment you stop looking at your money that's when it leaves your hand.
Anyway thanks for the back and forth gets a little lonely on this board.
It works for me... then again I still guess wrong occasionally. How about you waiting for May?
Mainly because I trust short term trends over long term projections.
For example if I can flip a stock at every two-four weeks at 10-20% I can make more money then waiting til May on a project return.
Lets say XSPA goes up and down three times during that may time frame. If I sale at projected small values I can get a compound interest effect on my money instead of waiting for a big score.
And yes that is a Pit Bull Pulling my sleigh... after all I am A Ill Reindeer.
Possibly, I am hoping that we can get back up to quarter. But I will have to see, I am looking at this stock as a possible flipper.
*Face Palm*
Settlement Conference - is a meeting between the parties in attempt to reach a mutually agreeable resolution.
Look up the legal definition of Settlement Conference.
It does not require the parties to agree with the settlement offer. It is merely the first step to stop the case from going to trial.