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After 9 months, lets hope you are right. Most people are simply looking for a good exit point after all this nonsense.
The point is No One has any proof of the value of RSAMMD, because they have Intentional kept their records out of the public domain.
There is usually a good reason to hide things you do not want your potential investors to know about.
You are counting your chickens before they are hatched. That is a no-no. The seed value on the books is only $15M. Nothing has been sold, no profit taken in.
Most of RSAMMD so-called assets are un-verifiable; that is their deception. Once again, open up the books so everyone does not have to keep guessing, and so we do not end up with snake oil salesman touting the unseen billions of dollars they supposedly have.
Stop extrapolating the $15M seed donation into untold hundreds of millions of dollars. I have yet to see ANY orders of the 15X technology enhanced CBD we have been led to believe. Show me the sales, or keep quiet.
Land and seed rich, but cash poor at this time. The company has POTENTIAL, but has not delivered as of yet.
Maybe you should skip this build-up of expectation and just say that TXTM is bigger than Apple, Blackrock, BTC, and Microsoft combined.
No, TXTM is not a massive conglomerate with untold billions at its disposal. Please show me RSAMMD's financial statements to this effect or stop deceiving everyone.
What will these investors get in return for cash investment? Hopefully nothing of a toxic convertible nature.
If we actually knew what we owned, the CE would never have been put on in the first place. What happened to the "2-3 major asset" purchases that were supposed to be transferred to TXTM? Dylon (remember him?) promised us repeatedly on Twitter (last summer) this would happen soon.
Silence.
"And the light shines in the darkness, and the darkness did not comprehend it" John 1:5
"We'll leave the light on for you" Tom Bodett, Motel 6
Only after he has removed our sandals and bathed our feet.
No sense in debating him on the value of TXTM. It's obviously a poorly run company from a business standpoint, with no timely news forthcoming (photo op's of landscape scenes). I just hope the CE gets lifted eventually so we can get a favorable exit point. Until then its obviously dead money.
Common sense disagrees with you. The lost opportunity of having $$$ resources tied up in a CE stock month after month with no end in sight is real. Admit it, already. There is no shame in being wrong about the present situation concerning TXTM.
More accurately, we are bag holders who are forced to hold our shares out of practical necessity until the CE is hopefully lifted. Do not rationalize this 8 month loss of opportunity as "Its only a loss until you sell".
Yes, I have seen Dr J's posts on Twitter. One of his most recent photo's is one where he is posing with the ambassador from Chad in front of a pile of garbage bags filled with dope stacked up to the ceiling. Very classy. It looks like an old TV episode from the 70's show "Beretta" If you squint hard enough, Dr J even looks like Robert Blake.
As a reminder: Chad ranks 187th out of 189 countries on the Human Development Index, and 42% of the country lives below the national poverty line. A land-locked country of 16.8 million, Chad ranks among the poorest countries in the world today. The current dictator of Chad is the son of the last dictator from Chad. It seems to run in the family. What are we doing making (drug) deals with these people?
I stopped at the actual valuation that the Company put on the seeds for the Quarterly report. The rest is in the future if everything goes according to Your plan.
Getting freebie seeds to temporarily distract the angry investors up who have lost 95% of their investment is not part of the original Mission Statement which we were sold this mess on.
Much talk, not much concrete evidence submitted. Financials please.
Everyone is very skeptical of these grandiose claims, for obvious reasons. Where are RSAMMD's financial statements. Until produced for inspection, these claims are Grossly Inflated.
Yes, Alan is currently a director at ICNM, bit his company Viagoo/VITE Asia is not under the ICNM holding company umbrella. Yet.
Can someone clarify the current relationship between Viagoo and ICNM. It seems a lot is being taken for granted since Viagoo/VITE_Asia is not a part of ICNM at this time?
Just waiting things out in the slow volume days of mid-summer. We know that a lot is going on in the background right now. ICNM is very busy; we just are not privy to the machinations till things have solidified a bit more. By 4th quarter and clarity of expansion will become apparent.
When it rains, it pours.
Because shareholders want .0004. Or more.
"Kuora.net is already one of the biggest in the industrial service platforms in China." Can I assume that Q3-4 fins will be blow-out in nature?
Dr. J "giving" us seeds is an act of desperate charity to keep the restless shareholders quiet for a bit. It is not part of our original Mission Statement for TXTM to exist. Just to remind everyone, its Our Technology for enhancing the CBD (which Dr. J has yet to mention in any of his filings/tweets lately) which is supposed to provide our revenue.
But hasn't.
Evidently he is looking to sell shares at a much higher price by year's end, and be able to still hold onto the voting rights thru his remaining preferred.
We will get them. But everyone is being too impatient. We won't start to see improved sales figures and accounting measures in place for a few quarters. Then we will be off to the races.
Patience, grasshopper.
Jayman, you said: "Sure, maybe he has been hanging on to them, but why would he want to tip off investors that he converted some, knowing that it is a strong telltale indicator of an intention to sell by an insider?"
Your logic is flawed. It is not something that you want to intentionally hide from your shareholders and the CEO of ICNM. Remember, he is just a part of a larger Holding Company.
Jayman, you stated: "A bird in the hand is worth two in the bush. Securing some early profit before others convert may have been a quite smart decision." C'mon- get serious. Do you even know if He dumped his shares after conversion? I doubt it. There are appropriate notifications a Director in the company will take before selling his common stock position; SEC reporting or not.
The day-to-day difference in potential price drop between .0007 and .0005 is just a silly gamble for someone in his position to take - pretty obvious. He is obviously in this for the long haul.
Why would they convert their preferred shares/voting rights to common stock if there was not an anticipated value to occur with the common stock?
ICNM has already explained that it is looking for ways to reduce the share count that do not result in a R/S. Lets see if they come up with something that satisfies the shareholders. No announcements yet, but give it a bit more time before the doom and gloom scenarios.
Reading is fundamental, but so is trust. Its too easy for foreign companies to pull the wool over the shareholders eyes with unaudited companies. Especially when the parent company is a private concern like RSAMMD.
Catch us if you can.
Willful promotional discrepancies are not funny. It's the reason you don't hear anything from Dylon anymore. How do you expect the CE to come off when the distortions that led up to it are not resolved? Adding seed value at a later date does not erase the prior deeds; it takes a solid explanation which evidently no one will provide.
My question goes unanswered. Someone concisely state what happened to the 2-3 major assets that Dylon said (numerous times on Twitter) were going to be transferred to TXTM?
"Don't you want to know" ? This was several months before the CE was slapped on us.
Nicely worded, but: "and there is no reason to believe there are not substantial developments that will be available when CE is lifted." Really; no reason? I am still waiting for the "2-3 Major Asset transfers" to TXTM from 8 months ago. Remember the now-famous phrase "don't you want to know" from Dylon? What happened to them anyway? Still no mention of what those assets are, let alone transferring them to TXTM.
Do you feel this is one of the reasons the CE was initiated? It should be.
Investors are disappointed that Dr. J provides no progress TXTM is making with sales or its technology. And what happened to Dylon?
Donated seeds is the only bright spot we have (which still have an actual book value of $15M), but its TXTM's technology that should be our focus. That is the Mission Statement.
For bookkeeping purposes, MM's are allowed to average multiple 4 digit trades for a client as a single amount; hence the five-figure average number of .00055. Brokerage firms will not execute an order with 5 figures. It was an averaged combination of .0005 and .0006 trades.
"You have absolutely no idea how competent management is."
And therein lies the problem. Lack of professional communication; just twitter-talk from Dr. J. Has anyone heard from Dylon in the past few months? No.
Parabolic stated: "So in short in case you haven't figured it out we just likely harvested our first harvest after receiving the seeds in December. So if you do the math." So, when will the $$$ proceeds from first crop show on our books? Which Q filing?
Question: If it doesn't, what is the realistic alternate scenario that would explain things if your answer doesn't pan out?
All good information which makes sense.
The nicest part is there has been a generous time period to allow building a good position in ICNM. Its going to run; just a question of when the wave of news is going to hit. So far all indications are that management is aggressive in its expansion and will happen sooner rather than later.
The 3D printing concern is still a bit sketchy and has been confined to mostly Twitter Talk. It would be nice to see a more formalized presentation with specific goals.
The LOI is signed, just wait on the formal filing before jumping to conclusions. Soon.
Yes, the restricted shares will be used as compensation to acquire a new company which will be under the ICNM umbrella. Dilution is the price we pay to quickly expand before earnings are in place. As long as the company being acquired has a performance record of sales and good synergy with ICNM, all is good.