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This will move when sales are reported and they are cash flow positive by the end of the year. Right now, need proof. Debt is a big concern.
From QIND X post on 7/19 -
$QIND & $ASNS Transaction Update: The parties signed an Amendment to the Binding Term Sheet, extending the non-solicitation & no-shop periods through to the end of August 2, 2024, unless otherwise mutually terminated. All other terms remain unchanged & in full force & effect.
Post proof or move on. You have hundreds of posts with the same claims. We hear you. You don’t need to post the same info each and every day. If you have proof, report it to the SEC and move on. If you don’t report it, you are just trying to manipulate the stock which is the same thing you accuse others of. If you think posting here makes any difference to anyone purchasing AITX, you may be disappointed to find out it doesn’t really make any difference.
These boards are only helpful if people post facts they can show proof of. Opinions are just that.
What are you getting out of posting the same negative accusations every day? Seems like that time could be better spent doing quality research on a stock that shows promise.
He does own a lot of shares. It is a part of his compensation package.
Is Milesblue42 a paid scammer? See how easy it is to make unfounded accusations?
We all get it…you don’t like AITX. Move on. You bring nothing to the conversation.
Doooonnnneee!
The “two clowns” have a majority of the voting shares. No way to vote them out. You believe them and stick around or sell and move on.
Stock price will go no where but down until they actually complete something they promised. Personally, I think they are trying to make things happen, but keep failing to get it over the goal line.
Too many broken promises. They’re going to have to actually get something done for this stock to head north.
If AITX is a “pump and dump” or “scam”, why would they spend money on going to a trade show in Vegas? If you want to argue that they are over-leveraged or mismanaged, then fine. But, they are showing signs of a start up that is gaining some traction and revenues are increasing. They should become cashflow positive this year. Still a lot of debt and shares to deal with, but I do see upside in the next couple of years. A possible takeover target as well.
Just makes no sense to me to have the same posters bashing the stock on a daily basis. Why make that much effort?
There are a lot of quotes from Brett Rosen over the last year estimating the CE removal. At some point, it will happen and Brett will say “see, I was right!”. LOL
That, my friend, is the question we’ve been asking for a year now. Seems to have had some progress with the hiring of a reputable law firm that has a history with CE removal and recently the company has gained access to the OTC portal for posting reports.
I read that, but I have never seen anything that stated the terms. How much cash or preferred stock?
Has anyone seen any info on how much CYBL paid for Daytron?
Another release of fabricated lies from Jef. Why haven’t the Feds shut this scam down yet?
I believe that they do have loans on the books that convert to shares if the loans default. Not sure of the timing on these, but I believe they were all in place before Steve took over as CEO. Some have been restructured according to their PRs.
These loans are definitely what is holding them back. But I believe they are trying to turn the company around and become profitable. That’s why I have a small position. This is the OTC. It’s 50/50 whether any start up makes it.
Why has Ceo Steve Reinharz diluted over 9 Billion shares?
To raise money to finance the company’s operations. Companies can sell shares or take out loans to raise money for operations. Selling shares is a much better route for the company as they don’t have to pay interest or the loan back.
As long as revenues are increasing with the selling of shares, the value of the company is increasing.
In the case of AITX, the dilution has been rewarded with a 500% increase in sales year over year. As long as they continue to show increases in sales, AITX is a play. This won’t be an overnight success as they do have a lot of debt on the books from previous management, but steady growth will lead to cash flow positive and the ability to pay down their debt of become a takeover target for a larger security company.
I don’t think the handful of followers of this board are influenced too much to make a difference in the share price. His posts are offset by your continued bashing so I guess it all balances out.
Link didn’t post…
Hear from AITX directly. Lots of good info here…
Hey Miles
How many shares are you holding? Or are you just here to save us all?
Rosen also said today on Buffalo Fireside Chat is that Harrington’s lawyer called wanting the money and shares in OPTI that Pawson promised him. With other judgements and liabilities owed, bankruptcy seems the only way to protect OPTI if it is to merge and move forward. However, that would stop Rosen from getting his money back so that is not an option. I don’t see any ligit company wanting to merge with OPTI just for the share structure. Too much risk for them, unless they are just looking to sell more shares. They may have already bought tons of cheapies of late driving up pricing a bit hoping this new news jumps the price in the short term just so they can dump the shares.
Agreed. They need to deliver on something promised to get some credibility. It’s a hold for now.
That’s the company selling all those shares. That’s their pattern - sell, sell, sell - increase shares - more promises that never happen - sell, sell, sell - reverse split - repeat.
This company has never delivered on their promises. Look at their PRs and then financials. The story always looks promising, but the sales never show up.
It’s a stock selling scam.
Recent interview with Steve discussing AITX. Talks about dilution starting around 14:30. Need to sell shares to expand. Sales are growing as they make the investment. As long as sales continue to increase, they can pay off their large debt and share price will get support and rise.
Milesblue42 - If you owned AITX, how would you raise cash to build the business?
AITX is building a business. Selling shares is how they get money to continue to grow the business. Now that sales are being reported, the dilution will slow or stop. The only other way for a business to raise funds for expansion is to take out loans. That is not an option at these high rates. Also, they already have too much debt. Getting to cash flow positive is the goal over the next 18 months. Sales need to continue to rise each quarter for that to happen. If it doesn’t, time to sell. Still upside here.
There are two ways to fund a new company’s operations - add shares and sell them or take on loans. It is better to just sell the shares. When sales get better, price increase and investors win. If company does it right, they use the increased profit to buy back shares and investors win. With loans, it is harder for the company to reach profit since they would have to pay down the loans.
Dilution of shares is fine as long as the company is using those proceeds to grow sales and increase profits. If increased profits do not follow the increased dilution, then I wouldn’t continue to invest in that company.
With AITX, sales are increasing for now and Steve was up front a few months ago about issuing more stock to fund the operations until the additional product can be deployed. They do have a lot of old debt still on the books, so AITX is still a bit risky, but they are headed in the right direction in my opinion.
It’s all about getting to a cash flow positive position. Sales coming in will do that. There is a lot of debt and that will have to be dealt with over time. However, it appears AITX is heading in the right direction. Sales are starting to show up. They just need to continue.
I don’t think this company is still in business. Lost the lease on their Carlsbad warehouse and all the judgements from the lawsuits.
Robot Dog used by LAPD. Not sure who sold this to LAPD.
Story here -
LAPD deploys "robot dog" during standoff with armed man in Hollywood
https://www.cbsnews.com/losangeles/news/lapd-deploys-robot-dog-during-standoff-with-armed-man-in-hollywood/
Any information on terms of the Datron deal? Just wondering how they will pay for that.
You may want to go back through their PR releases over the past two to three years and compare those to revenue reported on their financial statements for the same period. The PR sales never seem to make their way to the financial statements.
Company’s history has been to issue stock, watch it fall on dilution, reverse split and then repeat.
It’s either a stock selling scam or a poorly managed company.
Their story always sounds promising, but never delivers.
I don’t believe a private company with a good sales record would sale for preferred shares. Too much risk in that deal. Especially with a company designated CE. They would want most , if not all, cash up front.
I would think if this deal is true - very little information has been made public - and if sales of the drones turn out to be true, they could be a good takeover target from a defense contractor.
This is all a big gamble for investors. Removal of the CE or next quarter’s sales report will determine our success or failure. Sales need to be huge to show that the purchase of Daytron is legitimate.
So, your not investing?
I was just explaining the longs’ thought process on AITX. This is the OTC. There are no safe bets. Everyone is here for the long shot.
A few weeks ago, Steve said they were going to raise the number of shares so they could raise funds to expand the business. He also stated that they wouldn’t be releasing all the shares, but that it is a cumbersome process and is more cost effective to do bigger chunks than several smaller chunks. We will see if he is a man of his word on this.
With interest rates so high, it doesn’t make sense to take out loans and selling shares to raise funds is a better financial strategy.
They need to grow and to grow they need to hire more people to produce and sell their product. This requires money. With sales increasing, their revenue streams will be better. They lease their devices so it will be a recurring revenue stream month after month.
Most longs here are betting it works and when sales rise, they will become a takeover target by a big security firm. That will be our pay day.
It’s still early and Steve has a lot to prove over the next few quarters that sales are growing. But, if sales continue to grow, that monthly revenue will fund the continued expansion and dilution will not be needed.
It’s too early to bash or to celebrate. Let’s watch and see.
Dilution discussion….
Another day, another day down 10-15%…Are we done here?
New PR Analyst Video
This video is over a month old. Here is a more recent take by a respected financial analyst.
Read the company’s press releases for the last 3 years and you will see that zero have materialized. This stock is only there to sell to traders so that the company can fund their lifestyle with their high wages to a handful of employees.
Read the reports. It’s all pump and dump.
Traders beware!