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No, it isn't the same Harry. However, I'm sure IR works for shares. I don't think there is any money here to pay them.
Another thought:
When share count updates this week.. We will have 5.5 billionish shares.
Who else has shares? I'd imagine everyone involved. Remember FX Pro business agreement to help with "merger or acquisition"? I guarantee they weren't paid in cash..How many shares do they have?
IR: How is IR getting paid to put out those press releases? Does John have the cash for it? I'm sure they are paid in shares as well.
Is Angel President, Chief Operating Officer, or whatever the hell you want to call him working for free?
So many shares in the supply line, and absolutely no demand. I can't think of anyway that John is going to increase that demand.
Enjoy the rest of your Sunday. Another step to no bid this week.
I think that is the reason most people are mad. They held on because $adtm seemed rather legit. Little did they know they held for a year through massive dilution and John B. Strong not following through with a thing.
Equities always run on the law of supply and demand. There is no longer any demand.
Another great example of stinky pinks NEVER BEING AN INVESTMENT. No matter how compelling the story.
What a great lesson.
Fraud or legit? Well, it doesn't really matter. The stock is dead. If no one bought the great news on Oct 2nd, do you think they'll buy if they announce convertibles for capital to fulfill what they pr'd ?
I'm not disagreeing...I'm just sharing the 8k which at the bottom contains exhibits about where the debt supposedly came from.
I think any pink that pr's and doesn't follow through is a scam.
In ADTM's defense, sort of:
https://www.otcmarkets.com/filing/html?id=12476599&guid=iA0bUHiOc0Icxth
Scroll down to exhibits. LAM is a collective debt from previous adtm ventures. It only comes out to 600+ thousand, but they took shares instead which made the value of it closer to 1 million.
John, pr'd to get volume in Feb so that he might get that debt paid off. The only problem is he failed to follow through.
Now when you kill volume and fail to follow through...convertible debt holders love to liquidate.
What if this week they announced they purchased equity into PlutusX with money from loan, got current, and started their cbd/cannabis project all without more dilution.
Would it fix it?
This is what kills 99% of pinks. You can't issue convertibles (such as lam) start the year off with pr's telling stories and then not follow through or update shareholders. If John was a pro, he would know this.
I understand crap happens. If there was legit excuses, he should have updated shareholders.
Lack of volume due to dilution and silence killed this. It has nothing to do with Cryptoweed or anyone who trash talks it.
If that 50 million line of credit isn't real: There is no chance whatsoever of saving this.
Starting their cbd/cannabis project takes money. How are they going to pay for it? If it's not line of credit, it's dilution and this can't handle any more dilution.
How are they going to pay for equity into PlutusX: Again, has to be line of credit... any more dilution is going to kill this deader than sh*t.
When share count updates this week, it will be at least 5.5 billion I'm sure. LAM still has shares. Who else has shares? Maybe IR was working for shares.
Just watch what happens if John tries to issue convertibles for either of those projects... He isn't going to be successful.
If no one bought OCT 2nd press release, it pretty much says to me that people are done being strung along.
Good luck John.
Oct 2nd press release.
It is what it is. They certainly might turn it around..but I doubt it.
1) John had no business issuing a press release in Feb about "Diligently working towards becoming fully reporting.." He knew exactly what it takes to do so, and would have known he isn't able to do it.
2) Who cares where the convertible debt is coming from? My guess is that it is LAM. (Whether valid or not) The fact of the matter is, they are liquidating. They have to. There is no volume and they want their money. John's silence took the volume away, and this is now even more bloated. It will bloat more.
3) Equity purchase into PlutusX: Sure it might happen. How? I guarantee it will be via dilution. Can this ticker stand more dilution? No it cannot. So, why the hell would anyone buy more.
All the pr's this year were good ideas and stories, but they were just that. Stories. People are mad because of their failure to execute and because they truly seemed to be a legit company. If you're going to tell stories, you'd better be able to execute. They could not.
Unless they have a magic rabbit coming out of someone's rear, no bid is coming.
It was indeed misleading if that is truly the case:
Angel is #blessed to be president.#blessed pic.twitter.com/07RoDNKXuj
— Angel Mondragon (@MondragonAi) September 18, 2018
Considering every pr this year contained falsehoods, I'd say it will take verifiable facts. Remember Oct 2nd. No one bought. John can take his "carrots" or as I like to call them, lies...and suck it
My problem with that is when you issue a press release in Feb stating "We are working diligently on becoming fully reporting..." and we are now into December tomorrow...
Well that just tells me they are ok with being full of crap. If they had a valid reason, they could have prevented a lot by communication. And, that is very sad because they truly seemed legit.
Oh well. They made their bed.
Will be interesting if they happen to pull anything off:
The share count is at least double from when they first started telling stories.
They have solidified themselves with a reputation of people calling b.s. Such as Oct 2nd press release.... NO ONE BOUGHT.
Still not current, etc.
The next fib they tell will have to be ENORMOUS. I mean more amazing than anything most of us have ever seen.
If you're reading this Angel, and I know you do. Read the Oct 2nd press release. Pretty good story. No one bought. This next go around...you're going to have to blow some serious sunshine. Best of luck.
TA doesn't really apply here does it? I think this is more of a Fundamental play in every aspect.
What do we know?
1) It is going to take much more than say for instance OCT 2nd press release to move this. ( I thought that was pretty good news) But, you know.... "Boy who cried wolf syndrome"
2) There is a lot of debt still left to dump, and though people might not be selling big amounts....They sure as heck ain't buying either. (You'll get all the 1's you want. )
3) While I think the SEC is extremely slow moving, I hear there were a dozen or so complaints to them about adtm and PlutusX. I think at worse case scenario they shoot it to grey market.
a) They have no biz license, no registered agent, and they are not current.
b) While pinks are known for just moving on stories that are pr'd, these guys have followed through with nothing. Not illegal really, but SEC does look at that.
If, and I do mean if the SEC does anything... you know as well as I that adtm is a prime candidate for getting shot to grey market. I've seen tickers get there for a lot less.
Your post here is one that I would reply too. I commend you for not recommending it to anyone. I've seen you the past year, and I know you too must have been burned.
I wrote a post unrelated yesterday about personalities. On this post you wrote about being forgiving and seeing a path for redemption. That is a great personality trait to have in life, and I unfortunately just don't have it.
I'm not judging your adtm opinion at all. Mine vastly differs, but you completely entitled it.
What I post isn't for anyone in particular.
I'm preaching. Wasn't referring to anyone in particular. You are welcome to your opinion too.
Same position as you. Different opinion as you.
"Going to buy more adtm at his price. Love them cheapies etc......"
Throwing a bid at 1's for a couple hundred bucks doesn't constitute bullish sentiment and barely constitutes buying.
No one is preaching doom and gloom. They are stating facts.
1) Bloated pretty huge right now. Going to get bigger. LAM had 400k dollars left to pay not too long ago. That is 4 billion shares.
2) Company isn't reliable. Fails to execute. Press releases don't mean jack. If no one bought that last press release, why would they buy the next?
3)One of the biggest things these guys had going for them was purchase into PlutusX... Tell me exactly how they are going to get that done?
Bid at 1's all you want. Heck, buy 2's... But certainly can't preach bullishness with a straight face.
"Patience" the word "Investment" are not synonymous in stinky pinks.
By all means, buy. But, let's use some common sense before we preach timelines and bullishness to the board. ADTM hasn't earned it and people will get burned and we will repeat the cycle again.
How about, saying "Hey I'm going to take a gamble here and bid a couple hundred bucks at 1's. Sounds like a good lottery ticket."
But, for the love of all that is holy... just don't preach the merits of a company that isn't really a company and hasn't followed through with anything.
Hogwash. You're right on one count. It is the otc and expect to get burned.
However, if the people running it...yes, Angel and PlutusX included thought "Hey, it's the otc...we can act this." ....
Then their crypto business will never be what it could have been.
Stinky pinky attitudes on one side translates to the same on the crypto side.
Further: Wait till Jan? F-that. Will be too bloated
Sells at 1
Will be interesting when that noteholder takes another 100 plus million dump. You know it's going to happen, the question is..
When?
Maybe everyone will regret selling next week when we find out they're current and adtm owns PlutusX... lol
NAH, I have complete faith that John is heading to grey market
On the way to no-bid we go. LOL
Everyone has different personalities and traits that make them unique. As we age and grow older, some of the annoying and self-destructing ones fade.
However, the decision to dump the majority of my shares and to not participate in anything PlutusX comes down to one thing.
MANAGEMENT.
I have no interest in throwing money at a company who's founders can't execute and who's founders are too snotty for my liking.
As you get older, you will also realize something. Those different personalities/quirks decision making habits of someone tend to repeat.
Some say history is not indicative of the future. I would disagree a 100% . Mistakes that people make (especially people in John, Angel, and Patricks' position) ALWAYS repeat. The past can easily tell you the future here.
Expect nothing less from a stinky pink CEO and a couple 20 years olds.
I kept 2.5 as a crapshoot. I had 80 plus.
Less than 20 grand on the bid.... someone will dump it before Christmas.
I wish I would have still held because I had enough to make the bid now look like doomsday was coming. It could have been kind of fun.
I dumped everything the past 45 days except for 2.5 million.
That's 3 million that someone else won't be able to dump. It's coming down to first come first serve. You, the diluter, or someone who wants to sell come end of year tax selling.
Ok, well maybe this will make you feel better:
Patrick is a brand building expert. He works with billion dollar companies don't you know.
You guys have nothing to worry about. John is a business professional with 20 plus years of experience.
It's funny. adtm had one of the most compelling stories for a pink I've heard.
After not following through in Feb, all of this could have been prevented. Or, at least the majority of it.
They could have issued shareholder letters once a month saying this or that with timelines of what they are working on.
John could have engaged shareholders on his Twitter instead of saying, "I never talk to shareholders."
They haven't even made an excuse for not following through. Now you have people:
Emailing SEC
Twitter accounts like CryptoWeed
Emailing their partners
Either there is no excuse, or they really think that having shareholders purchase stock based on their press releases with no intention of following through is ok.
Will be interesting to watch the month of Dec. MM's are propping that bid up. You know it, I know it. There is no magical explanation.
Will they prop it up if that diluter drops by again?
It turns it out stinky pinks are never an investment and simply a trade.....
Patience though...gotta have that patience.
They certainly issued a press release that said they did... They also issued a lot of other press releases.
Remains to be seen.
They have to find the money to purchase it first. You want them to dilute it right now?
I agree, it looks 100% like a pump and dump. They have followed through with nothing.
I was already aware of SEC getting complaints about them. It kind of happens when you issue press releases and don't follow through while diluting the piss out of something.
However, worse case scenerio.... they send this to grey market and PlutusX doesn't proceed further.
No idea, not too concerned anymore. I doubt many others are either. Just a curiosity. There is now less than 20,000 dollars on bid.
End of year tax selling. Constant diluter. Not looking too good.
Like absolutely every previous press release, I question whether they can get this done:
"The Company today also announced that today's name change as well as a number of additional corporate initiatives in the pipeline are being implemented in advance a strategic acquisition of a leading cryptocurrency platform prior to its highly-anticipated Initial Coin Offering (ICO). As of today, the target acquisition's valuation has already exceeded $30 million."
https://www.accesswire.com/513217/Adaptive-Medias-to-Change-Corporate-Name-to-DecentraFin-to-Better-Reflect-its-Launch-Into-Cryptocurrency
If you read that press release, it is actually pretty good stuff in there. However, no one bought it. I imagine it was because of failures throughout the year.
There are only 2 ways I can think of to fulfill that acquisition. They either take a loan, or they dilute.
I guess you can remain optimistic and bullish. Maybe that 50 million really did exist and that is why the "No ICO" has been floated around.
Who knows. But, they certainly have given no reason to have faith or believe in them.
Some serious tax write-offs coming SOON.
Why doesn't someone get on there and ask:
In a reply to this Decentrafin tweet...
Operations team is still chugging away. Cleaning shop has proved to be much more time consuming than anticipated.
— DecentraFin (@DecentraF) November 11, 2018
What is the Decentrafin website confusion / suggestion in which this message references?