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Someone also sold in big blocks must be expecting a big dump on next financial filings...R/S coming also...
Someone selling big time, feel sorry for those non-savvy buyers...
Aitx way not to go
less than 4k in shares traded today...
only insiders trading between each other to keep the stock alive...
R/S imminent and will happen soon SR active on twitter lately is the cue to the converters that time is near for R/S...
No bid will continue as no one is buying...
only non-savvy investors caught in the hype....
Financials will be the nail in the coffin, next phase will be chapter 11..
millions in Conversions and derivative liabilities wait to commence after R/S...
S/R has or will commence selling his shares soon...mark it..
Aitx not the way to go
Where else can 25 million become 12500...
Oh forgot about the R/S
Yes the 2000 to 1 R/S, which will happen within next month, that is a given...
Where else can you go and collectively lose the value of your investment and have a nice company like Aitx consistently dilute with toxic financing and millions in derivative liabilities to further mislead the non-savvy investors...
Where else can you go where a nice company like Aitx can't even file it's financials and drops p r's as the convertible notes come due..
Yet to see any real rad products in action...
Top that with 9% of revenues going to unnamed investor perpetually, oh that is in the filings too...
Yep that 25 million will shrink very soon...
Aitx way not to go....
obviously you are misinformed...
R/S is already approved, just read the filings...
pps can go lower .000098 hit already...
R/S will be announced once Aitx becomes current which should be soon as Sr touting on twitter by end of next week...
Aitx way not to go, no bid....
am I seeing no bid on Aitx....
either way not looking good
aitx way not to go
1/2000 R/S by Oct 20th guaranteed..
once financials are released expect the announcement...
then expect an immediate drop as millions in derivative liabilities, convertible debt, salaries, mounting debt and the % 9 of revenues being paid out to a mysterious investor....
Aitx will only keep dropping, failed deployments and failure to launch...
aitx way not to go...
Going Concern
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.
For the year ended February 28, 2019, the Company had negative cash flow from operating activities of $1,804,261. As of February 28, 2019, the Company has an accumulated deficit of $20,142,492 and negative working capital of $15,376,920. Management does not anticipate having positive cash flow from operations in the near future. These factors raise a substantial doubt about the Company’s ability to continue as a going concern for the twelve months following the issuance of these financial statements.
The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business.
Management has plans to address the Company’s financial situation as follows:
In the near term, management plans to continue to focus on raising the funds necessary to implement the Company’s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company’s financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raises doubts about the Company’s ability to continue as a going concern.
As February 28, 2019 and February 28, 2018, current liabilities included approximately $6.2 million and $31.1 million, respectively, of derivative liabilities that are expected to be settled in shares of the Company in accordance with the various conversion terms.
As of February 28, 2019 and February 28, 2018, we had a cash balance of $21,192 and $24,773, respectively............
Reverse split most likely be implemented once company becomes current on financials whereas there is a stop sign currently on OTC board..
Once R/S is completed dilution will continue from convertible notes both current and defaulted, salaries, overhead and much more especially the Derivative Liabilities..
Yet there is more as %9 of revenues are going to an investor in perpetual...
11. DEFERRED VARIABLE PAYMENT OBLIGATION
On February 1, 2019 the Company entered into an agreement with an investor whereby the investor would pay up to $900,000 (including $192,500 paid in January and February 2019) in exchange for a perpetual 9% rate on the Company’s reported quarterly revenue from operations excluding any gains or losses from financial instruments (Revenues). These variable payments (Payments) are to be made 30 days after the fiscal quarter. If the Payments would deplete RAD’s available cash by more than 30%, the Payments may be deferred for up to 12 months after the quarterly report at an interest rate of 6% per annum on the unpaid amount. The investor has agreed to pay the remaining $707,500 over the remaining nine-month period in minimum $60,000 monthly installments, commencing March 1, 2019 and Concluding November 30, 2019. The investor has advanced an additional $147,000 pursuant to this agreement between March 1 through to May 31, 2019. If the total investor advances turns out to be less than $900,000, this would not constitute a breach of the agreement, rather the 9% rate would be adjusted on a pro-rata basis.
F-15
ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
(FORMERLY ON THE MOVE SYSTEMS CORP.)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
In the event that at least 10% of the assets of the Company are sold by the Company, the investor would be entitled to the fair market value (FMV) of all future Payments associated with the assets sold as determined by an independent valuator to be chosen by the investor. The FMV cannot exceed 20% of the total asset disposition price defined as the total price paid for the assets plus all future Payments associated with the assets sold. In the event that the common or preferred shares are sold by the Company to a third party as to effect a change in control, then the investor must be paid the FMV of all future Payments in one lump payment. The FMV cannot exceed 20% of the share disposition price defined as the total price the third party paid for the shares plus the total value of all future Payments.
The Payments will first become payable on June 30, 2019 based on the quarterly Revenues for the quarter ended May 31, 2019.
In the event that the variable payment obligation has been repaid the Company will expense any further payments as a financing expense.
As the Company’s long-term future revenues were difficult to accurately forecast, the value of the deferred variable payment obligation was determined to be equivalent to the value of the consideration the Company has received.
At February 28, 2019 the value of the deferred payment obligation was $192,500 (2018-$0),including a current portion of $2,108.
Trainwreck...all in SEC filings...
Aitx definately not the way to go............
those thinking aitx is making money think again....
1. DEFERRED VARIABLE PAYMENT OBLIGATION
On February 1, 2019 the Company entered into an agreement with an investor whereby the investor would pay up to $900,000 (including $192,500 paid in January and February 2019) in exchange for a perpetual 9% rate on the Company’s reported quarterly revenue from operations excluding any gains or losses from financial instruments (Revenues). These variable payments (Payments) are to be made 30 days after the fiscal quarter. If the Payments would deplete RAD’s available cash by more than 30%, the Payments may be deferred for up to 12 months after the quarterly report at an interest rate of 6% per annum on the unpaid amount. The investor has agreed to pay the remaining $707,500 over the remaining nine-month period in minimum $60,000 monthly installments, commencing March 1, 2019 and Concluding November 30, 2019. The investor has advanced an additional $147,000 pursuant to this agreement between March 1 through to May 31, 2019. If the total investor advances turns out to be less than $900,000, this would not constitute a breach of the agreement, rather the 9% rate would be adjusted on a pro-rata basis.
convertible debt, derivative liabilities, leases and salaries and new debt being added to the mix...
some should really read the financials and understand the train wreck..
R/S imminent and will be soon and will be implemented before expiry in my opinion...
Aitx is still delinquent on financials....
aitx way not to go.....ever
just to clarify it wasn't theory...
By reading the true definition of a T-trade it wasn't..
selling pressure as the Toxic financiers dump and run..
only about $10 million in derivative liabilities left.also the reason for the 5 BILLION OS
Besides the convertible notes in Default and ready to convert..
also the salaries,leases and mounting DEBT.
R/S coming real soon...
aitx way not to go
by the defination, the t-trade occurred because the shares were under pressure to sell..
hence the low pps sell...
major dumping and more to come as financials get closer to being filed and AITX doing it under the radar especially as there is a stop sign on the OTC board..
Aitx is a Non Compliant SEC reporter and has a strong history of being so..
Aitx troubles started a long time ago and will continue...
trapped investors here, beware....
R/S on the horizon very soon..
Aitx definitely not the way to go.....
friday firesale today...
not so the true definition of a T-trade...
What Is Form T: Equity Trade Reporting Form?
Form T is an electronic form that FINRA requires brokers to use for reporting equity trades executed outside of normal market hours. Form T trades occur during extended hours, before the market opens and after it closes. Form T must also be used to submit last sale reports of over-the-counter (OTC) transactions in equity securities, for which electronic submission is not possible. The objective of the Form T report is to maintain market transparency and integrity.
Who Can File Form T: Equity Trade Reporting Form?
Investors executing trades in extended hours, as well as those trading in over-the-counter securities that aren't electronically reportable, are required to file Form T. Trading during extended hours allows investors to react quickly to events that typically occur outside regular market hours, such as earnings reports. However, liquidity may be constrained during such Form T trading
Form T Filings: Some Lessons
In the OTC market, Form T trades are mostly the result of accumulated buys or sells handled on a not held basis by block desks, otherwise known as 'late prints.' They have nothing to do with short-selling. Large blocks of shares may not all be sold in a single day, so a broker or market maker would file a Form T for the remainder of shares listed at the average price that day's shares sold for as if they all had sold. If all the shares had sold in that one session, the transaction would have been recorded normally
some major dumping...investors getting out...
aitx way not to go...trapped investors...R/S COMING SOON
R/S will happen as soon as Aitx gets current, but not before end of month...
financials won't hit for another 2 weeks....
SR doesn't want to let the cat out of the bag as to how bad they are doing before the insiders are done dumping, gotta love those derivative liabilities another 12 million to go besides the notes and salaries and leases and overhead....wow
don't forget the %9 revenues going to the investor perpetually (SG) ahem....all in the filings....
Non compliant SEC company here, just loves to snub the SEC...fluff pr's and no 8k...trapped investors galore...
Aitx way not to go ever...
SR planning on releasing an app...that will be the outstanding news...not
Only bounce will be from R/S
Coming soon
Aitx...way not to go
Wow, 9% of Aitx revenues going to investor..
If you think Aitx is making money look again..
n December 7, 2018, the Company received the balance of $95,000 of proceeds from an investor for a $200,000 back-end note dated July 6, 2017 with an original principal amount of $105,000, including an original issue discount of $10,000, and maturing June 9, 2019. The note’s original maturity was July 6, 2018, but this maturity was extended on December 19, 2018. The other installments, totaling $95,000 (including an original issue discount of $10,000), on this note were received July and August 2018. The back-end note is convertible into common shares of the Company at a conversion price equal to 60% of the lowest trading price of the Company’s common stock for the last 20 trading days prior to conversion, and has an 8% per annum interest rate.
On February 1, 2019 the Company entered into an agreement with an investor whereby the investor would pay up to $900,000 (including a $92,000 payment made in January 2019) in exchange for a perpetual 9% royalty on the Company’s reported quarterly revenue. These royalty payments are to be made 90 days after the fiscal quarter. If the royalty payments would deplete RAD’s available cash by more than 20%, the payment may be deferred. The investor has agreed to pay the remaining $808,000 over an eleven-month period in minimum $60,000 monthly installments, commencing February 1, 2019. If the total investment turns out to be less than $900,000, this would not constitute a breach of the agreement, rather the royalty rate would be adjusted on a pro-rata basis.
Wow investors should take note here...
totally screwed. besides paying 9% to investor (SG) ahem, true investors are be wayleighed.....
Aitx way not to go...always read the financials...
that is last years R/S
the next R/S will be very soon and it will most likely be more than 1/1000
SG needs to get it higher this time in order to convert the $3 warrants..
Once that is done the pps will be crushed by the notes, convertibles, derivative liabilities, and the new DEBT that isn't reflected yet..
also aitx must pay salaries, leases, overhead and much more..
Aitx is now over 14 million in liabilities and climbing again..
wait for financials...
Aitx way not to go....
skull and crossbones coming soon
no financials....bad for Aitx...
aitx way not to go
A/S has risen over 100 million since 7/23...
even when the company is Dark and refusing to file any SEC related materials its adds shares to market..
That is the reason for the A/S being raised to 5 billion...
that is the reason for the looming R/S...
that is the reason why the company goes dark every time financials are to be filed...
to dump shares into market while snubbing SEC and investors...
another big dump coming.....
aitx way not to go...
R/S approved...just read the filings...
oh so many don't read or just buy on hype...
yes many non-savvy investors trapped now....
just read the filings and not the pr's...
so many would be better off...
no financials anytime soon....
$14 million in liabilities, salaries and leases...
all at .002 pps...that is why 5 billion A/S now...
that's why R/S real soon...
aitx, read the filings and not the pr's
well if filings hit then the convertibles begin anew..
so a healthy rebound is nowhere in sight..
to bad there are so many non-savvy investors trapped here by the hyped pr..
many are doing almost anything to try and recoup losses now, it's like a circus...
$14 million in liabilities,massive debt, as well as salaries, and leases..
no revenue to speak of...
yeah no healthy rebound here, just many trying to get out by any means available...
aitx.........monday crash coming...
5 billion A/S
looming R/S....
no healthy rebound coming anytime soon except if they R/S..lol
They will..R/S
When a non sec complaint company who has 14 million dollars in liabilities.
Raises their A/S to 5 billion shares...
Votes to implement an R/S within 6 months...
Is a dark otc ticker with a stop-sign
Don't believe a word they say...
Aitx..way not to go
Spot on samples.
No financials and the rad army monkeys who converted their shares right before stop-sign to mask the amount of the dump..orchestrated by SR and his twitter cues..
Ponzi scheme 101.
Aitx no financials, massive debt, no real products or revenue coming in..
Financials will show this and SR will shrug it off like a crybaby...
Aitx way never to go....
Feel so sorry for those non-savvy investors trapped
shorters paradise,crash and burn short hour...
millions waiting to dump in this last hour...
no financials and no real products...
non-savvy investors trapped and those not getting out will have a long and worrisome weekend...
too bad for those investors who fall for the hype pr's...
shorters paradise
Aitx ....................
friday fire sale today,it will be a short one..
non-savvy investors trapped as no financials for this non sec compliant company..
massive debt to the tune of 14 million in liabilities..
so many non-savvy investors bought into the pr that will turn out to be nothing more than a carefully worded rehash of old news...
too bad this company can't file an SEC compliant 8k for the material change which should have happened with the recent pr..
that alone should have been the red flag for many..but so many buy into the hype and now are bagholders..
now that the rad army insiders trapped these non- savvy investors, an epic crash continues as the toxic shares dump into market..
5 billion A/S
R/S at a moments notice..
$14 million in liabilities and growing..
you be the judge
aitx way not to go
twiiter alive with tomorrows crash and burn...
shorters lining up as the friday fire sale looms...
no financials, massive debt, an OTC stop sign and still suckers are born here everyday...
Should have been evident when SR touted on twitter that financials were coming...that is always the cue for the insiders to dump shares along with the misleading pr's..or should I say the rehashed pr's...
non-savvy investors who just rely on non-sec compliant companies to try and trade....they never learn...
14 million in liabilities and growing...
skull and crossbones coming...
aitx........oh no not again..
toxic downward spiral, trapped investors...
so much shorting and investors trying to get out...
SR on twitter saying accountant on vacation...how long 6 months....
wow...skull and crossbones coming soon...forget the stop sign on OTC boards....
aitx...a sucker born every day
tell that to the shorters...
looks like there is a whole lot of it going on as well as investors bailing...
hmm wonder whatever happened to the financials
trapped investors again
aitx way not to go.....oh oh
did i not say shorters paradise today...
non-savvy investors trapped by pr's that are meaningless compared to the debt that Aitx owes...
no financials...weren't they already supposed to be filed...
grey sheets not that far off.....
trapped, investors are trapped in the toxic downward spiral
aitx way not to go
Epic crash today....
Like usual CEO SR on Twitter touting financials by end of July..
Like usual failure to deliver...
Aitx has a history of failing to deliver financials in a timely manner...
Has a history of defaulting on it's convertible loans...
Yet Aitx will pay it's and others salaries, lease buildings and vehicles...
All on the shareholders shoulders...
Aitx has a failure record of deployments, hence last time Aitx which then was omvs was dark it discontinued it's radbots and failed to inform it's shareholders for 6 months...bad
Feel so sorry for the non-savvy investors now who are trapped by recent pr...to bad they cannot read financials and see the real fiasco of Aitx state...
Never go by a pr...especially b6 a company who snubs the SEC like aitx...
If these were real deployments and real material changes an 8k filed would have been done....
It will be a shorter paradise today...tomorrow is friday..oh oh....
Aitx way not to go....
Shorts will be out in force tomorrow...
Already multiple tweets of an epic crash tomorrow...
Aitx won't file financials for sometime now...
Already delinquent and massive debt to the tune of 14 million in liabilities...
Defaulted toxic convertibles waiting in the wind for financials which won't be filed anytime soon...
Salaries, leases and mounting debt sinking AITX...
Do some real DD and look at most recent financials from months ago...
Already Aitx has failed investors with the radbots which were discontinued, last time Aitx, then omvs was dark on financials...took 6 months before investors learned that rad discontinued them all the while as the CEO SR blatantly hyped they were doing great...mislead investors then and is doing same thing now...no financials and no real revenue, Aitx snubbing the SEC with it's failure to properly file an 8 k which should come instead of a pr...bad bad...red flags everywhere...
Trapped if you listen to the ones hyping it up..
Today's crash is just a fleabite compared to tomorrows...
Aitx way not to go
But not a false statement, even you pointed it out...
Yes you can short and yes shorting is happening..
But like I said epic crash coming...
No financials
No SEC compliance
Huge debt, 14 million in liabilities and growing..
Salaries leases you name it Aitx is paying for it...
Aitx way not to go...trapped
you said it right huggy..
so many trapped and fleeced..
to bad they can't read real financials and rely only on hype and non sec compliant pr's....
so many trapped...
aitx..oh no
tomorrow should be an even better shorting day...
trapped, no financials...
trapped non- sec compliance...
aitx trapped all around...
tomorrows crash will be epic...
today was just a tiny sample of tomorrows crash...
twitter messages drying up and only a few repeatedly posting today..
trapped
aitx....5 minutes to go
should see financials maybe never....
aitx won't file anytime soon....so many trapped trying to get out and recoup losses..the aitx way....
lmao.....trapped
aitx... never file....trapped
not gonna happen...pipe dreams...
non compliant SEC reporting companies...
this should be going to Grey sheets soon....wait for it..
go luck chasing pr...love the crash today..
so many trapped by the misleading pr's and hype...
bet financials won't hit anytime soon....lmao
AITX way not to go...trapped
non-savvy investors trapped, suckered by non SEC compliant company...
stop sign on OTC board should have been warning enough...
no financials should have been warning enough
A/S increased to 5 billion should have been warning enough...
Looming R/S should have been warning enough...
$14 million in liabilities should have been warning enough...
No real revenue, salaries and leases and much more should have been warning enough...
but you have a lot of bagholders now, so many non-savvy investors trapped..
AITX definately not the way to go.....lmao
Definitely going down today...
Dark on financials and no SEC compliant transparency...
Non-savvy investors relying too much on prs....
Bots need to get working here as message board has dried up...
Oh oh bad sign...
Massive debt, defaulted convertibles and derivative liabilities, as well as salaries and leases...$14 million in the hole...
Aitx bots get going
Down day tomorrow, most likely wipe out todays gains by the insider traders...
Sr cues on t witter past week as to financials soon ...
So many bots on the message board today...lmao
Typical of the manipulators pulling in the not so savvy investors who just rely on sell and buy signals...
So much buying and selling between multiple accounts to make it look like a rally going on...
Lmao....feel sorry for the newb investors holding now...
Too bad it was only a pr and not a SEC compliant 8k...
Lot of suckers today...
Debt, dilution, leases and salaries, and no real deployments...
Aitx no financials, keeping shareholders in dark, typical of when the radbots fiasco was going on..well there are some eyes on Aitx now besides shareholders...not looking good...
Aitx, suckers born with every pr...
Let's not forget that a rad app will be the next pr...need to get rid of those converted shares before financials are released..
technically R/S is required...
trip zeros will happen without it and coming soon....
debt, convertibles and derivative liabilities both currently ready to convert and in default...YES R/S soon...
A/S raised to 5 billion to cover the 14 million already on the books as well as salaries, vehicle loans and business leases...
no real money coming in and no real products yes R/s will happen soon..
especially when the financials are released...usually when SR touts on twitter as soon expect at least a month..
financials will be the nail in the coffin for current holders, all 13 of them.....well except the insiders...
aitx definitely not the way to go...
keep an eye on the new debt that will be in there...lmao
Yes A/S raised to 5 billion for a reason..
Massive dilution coming..
Yes a R/S was voted for and passed and will be used...shareprice says it all...
yes financials are consistently late and overdue and piling on more debt...
so expect after next r/S to just to continue the toxic downward spiral with 5 billion shares to mask the toxicity...
yes a long pole is needed here, except for the insiders shorting and converting.......they are the ones making money here thanks to Sg and SR's cues on twitter...
will only last so long...
Aitx way not to go....