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does anyone here realize the volume today of 80 million was 70 million on the sell side
the dilution continues and if you're expecting a pop when/if they release the 10k you're going to be even more disappointed
this has no bid written all over it within a month and another RS before year end
mark it
regulated by who???
cowi has no control over the conversions
but there is hope since they'll be releasing their 10K in the next day or two and they're surely going to show a dramatic increase in revenues, huge profits and boatloads of cash generated from operations
oh wait, that's what they say every year and every year they're lying
dried up
2 million in debt
converted at .0005 = 4,000,000,000 shares
double that since most conversions take place at discount to market
not quite dried up yet
but you keep waiting on this so called run
the notes are not necessarily maturing, the majority of them are in default
they are being converted and will continue to be - if you read the financials you'll see that the note holders can convert at a discount to market (which they obviously are doing) then immediately sell at a profit to those on the board who think this is going to run
of course what do I know
LMAO
why should they stop dumping when all the fools are there to buy it up
if you don't buy they can't dump - understand
You hit the nail on the head
love the part about cowi is still thriving - that's the funniest thing I've heard in quite a while
stock price is down 10 million percent since 2008 but yet the company is thriving - how do you define thriving
LMAO
spoke with the CEO today, he said they'll probably have to do a 1 for 1000 RS before year end in order to be in compliance with the new listing requirement
I asked why would you do 1 for 1000 and not 1 for 200
He said that the way this thing drops like a lead balloon after every RS we've done in the past I figure I needed a bit of a cushion so the company doesn't get downgraded to the pinks for at least a few weeks after the RS
wrong again
RS 1 for 200 7/16/2012
RS 1 for 200 1/2014
2 splits in 18 months
LMAO
legit company with legit profits - what financials are you looking at
if you're expecting good news in the 10K you'll be very disappointed
predicting flat to down revenues, huge share issuance to pay employees, vendors, conversions
no cash at year end
more of the same
what happened to the big run up you and the others were predicting
don't say I didn't warn everyone here what a POS dilution machine this is
so something's up for sure
you should have listened to me, LMAO
that was quite a large dump, lol
1.7Billion and counting
guess you were a bit off the mark on the OS shares
yet another win for the golfer
LOL
you're not missing anything, you've finally seen the light
runs down - real good chance
The CEO knows there is no way to get the SP > .01 by next year or next millennium without another RS
LMAO
another banner day - get your bids in at .0003, scoop up them cheapies
I didn't say it was - I merely stated that the SEC has no authority to disapprove a RS
why would you say that
my information comes directly from the SEC.GOV website and clearly states that the SEC has no say in whether a company does a split
Please refute my post with some actual facts and not just "BOO HOO" crying
just to update you on RS
from SEC
A reverse stock split reduces the number of shares and increases the share price proportionately. For example, if you own 10,000 shares of a company and it declares a one for ten reverse split, you will own a total of 1,000 shares after the split. A reverse stock split has no effect on the value of what shareholders own. Companies often split their stock when they believe the price of their stock is too low to attract investors to buy their stock. Some reverse stock splits cause small shareholders to be "cashed out" so that they no longer own the company’s shares.
A company’s board of directors may declare a reverse stock split without shareholder approval. Although the SEC has authority over a broad range of corporate activity, state corporate law and a company’s articles of incorporation and by-laws govern reverse stock splits.
so the company can and will do another RS when it sees fit (i.e. in less than a year - MARK IT)
Your post #23340
Bought a few more 8's and 9's today. COWI is moving without news. News and it flies. A little patience is going to pay nicely! COWI
you sure you're averaging up, lol
now there's a very informed poster who obviously has done some major DD, really digging into the structure of the company, reading the filings and not just posting some meaningless drivel on the board
Hello!!! Is there anyone home????
The AS have been at 13 billion for a couple of years, every time they RS the stock they don't change the AS
the SS changed cause the debt holders are converting at 50% discount and then selling
doubt there will be any "good" news coming
if you're that confident in the stock going up you should just take out the .0007s, after all it's only $100 per million shares more, you certainly wouldn't want to miss out on the big run up
actually now I see your point - you'll be able to buy those .0006s at the ask in no time
LMAO
OS 6 weeks ago 173 million
OS Now 1.73 billion
Oh my, that's quite an increase, I'd be worried if I were long
LMAO
"over 3 billion shares are holding"
WTF does that mean - there aren't even 3 billion OS
Gee I guess I was to low in my estimate of the OS by the time they file their 10K
From OTC Markets
Share Structure
Market Value1 $1,386,896 a/o Apr 04, 2014
Shares Outstanding 1,733,620,152 a/o Apr 03, 2014
Float 844,777,098 a/o Apr 03, 2014
Authorized Shares 13,000,000,000 a/o Apr 03, 2014
so they basically increased the OS by a factor of 10 in about 6 weeks
LMAO
no way it's done - they haven't released the big news yet
oh wait, that's what they say every quarter - revenues are way up, we have increased our contracts, we have new partnerships, etc
the only thing that's not done here is the dilution, keep selling those converted shares
get out while you still have time
look at the sell side volume today, more than 2 to 1
40MM bid whack @ .007
10K is going to show another loss, and massive dilution
read the financials (sec.gov) and you'll see the history of this - nothing but losses, employees abandoning ship, can't generate any cash flow ($0 @ 9/30), tons of debt, in default on the majority of it and terrible margins
in response to when was note converted, if you read the FS you'll see that the note holders can buy at up to 50% discount, there's been major conversion in the last several weeks, I mean if you look at the volume what other explanation is possible. OS shares shown as 170 something million and the stock has traded almost 3 billion since last share count, you'd have to be blind not to realize that the conversions have gone through the proverbial roof
of course JMO
actually cowi did not convert a note, the note holder did
cowi has no control over when the noteholders convert
yes, report has to be filed by 4/15
if you want advice stay away from this
LOL
this is like watching a NASCAR car crash
LMAO
go to sec.gov and read the filings if you want the real story
that's pretty much basic DD to read the filings
if you were wrong on one, then this will be the second one you're wrong on
glad you can admit when you're wrong
what book is that?
you forgot to mention this little bit of information, I'm sure it was an oversight on your part
The holder of the debenture may, at any time, convert amounts outstanding under the debenture into shares of common stock of the Company at a conversion rate equal to 50% of the lowest closing bid in the 10 days prior to the conversion date.
also, how do you know this is the note that's being converted, there are so many convertible notes out there that can be converted at any time and the company is in default on the majority of their debt so it could be any notes being converted that's caused all this volume recently
you really don't believe the SS hasn't changed since February do you
I you do you're really in for a big surprise when they file
I shorted it at .0016 today and covered at .0001
good day for me
LOL