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That shareholder meeting was apparently pretty lame. Not sure it instilled much confidence in even Michery’s most diehard fans…if there are any left.
Brian looking for his off ramp.
“Arowana Media Holdings and MIKP have an unbelievable number of projects in development.”
No they don’t. They need money to get any of their IP into “development”. They have none.
And if FINRA doesn’t process the RS…they won’t be able to dilute to raise any.
“Why Finra is taking sooo long?“
It’s usually means they are asking a lot of questions.
It is not a good sign.
Nah…just countering the bullshit like there was a $38 million settlement. LMAO.
In actuality the case shading FirstFire was dismissed and DPLS may be on the hook for attorney’s fees.
Squeeze play? Lol. Not even close. The short interest is only 14% of the OS and the days to cover is less than 1. It is also not a threshold security.
There are no conditions whatsoever that suggest a “squeeze” is even remotely possible.
"DPLS - To Settle FirstFire Case for $38M"
Do you understand the difference between a claim and a settlement?
Apparently not.
There is ZERO indication that any settlement is coming let alone one for $38 million.
lol.
LOL…it’s fitting he called the souped up FIVE the “RS”.
Geeze…I remember that clearly. No matter how many times we (I) pointed out that the offering HAD to be done at a discount to market people kept buying. I think one of the most egregious things Rory did when they had to use the current market price for one of the draft S-1’s (I think it was $7.20 or something) was to do a video and tell his cult that it wasn’t going to be $7.20 they were only required to use that for the draft…with the CLEAR implication that it would be higher. People bought.
The offering was done at $3.14….or $125 to account for the split against a current price of $0.14. That is a 99.9% drop on top of the 70% discount used for the offering back in 2019.
Cutaia is scammer, huckster and liar.
I don’t know how an offering works at $0.30…when the market price is $0.14.
Unless it is purely an attempt to induce buying in people that think the price is going to magically go to $0.30….
The RS will never be in production. They may build a few more “concept prototypes”…but little more.
They simply don’t have the money.
Michery is going to have to raise $150-$200 million this year at the cash burn rate he is at. Nobody is buying the vehicles and he can only move so much of his inventory onto a Randy Marion lot to sit.
And the next $200 million is going to be A LOT more difficult and costly to raise than the first $200 million.
The chances of this thing imploding this calendar year are going up.
He may be having an issue with FINRA processing it.
OS was diluted by over 10% in the last month.
a hundred bucks worth…
LOL….
What a dead stock.
I just noticed all the financials are in the 8K…why did they not just file the 10Q?
Also, it appears they did not sell a SINGLE vehicle to an end user in Q1 thru Dec 31.
All Michery has been doing is channel stuffing the product.
It’s hilarious that he capitalizes “REDUCED” when what was reduced was simply the amount of derivative liability they booked.
The key numbers, which he won’t give now are:
- Gross Revenue (from income statement)
- Change in accounts receivable (from balance sheet)
- cash used on operations (from cashflow statement).
LMAO!!! $550 traded in the AM and only a single share printing to the tape after 10:30 am?!?!
You guys are morons.
“And don't post about Area 51.“
Or chemtrails….
The whole Iraqi Dinar “revaluation” theory was complete and utter stupid bullshit nonsense.
Only complete morons that would fall for any “to good to be true” type of theory believed it.
The dinar is down 15% in the last 10 years. The S&P 500 is up 270% in the same time period.
It still amazes me people fell for that nonsense.
The common stock holders now own essentially no part of this company. The Class A Prefs have it all.
And when Rory burns through that cash he will be in exactly the same pickle as before…only with less options.
“And how does DM get his funds??“
By selling stock. A lot of it.
And that makes the price go down.
It’s really quite simple.
Their cash burn rate is over $20 million a month.
“all countries are going to asset backed currency”
No they aren’t.
“my bank is preparing for major changes”
Does your “bank” double as a hair salon as well? lol.
What a load of crap.
Oh I have watched for many many years and learned that there is no shortage of conspiracy minded morons in this world.
Is your tinfoil hat in a little too tight?
The issue for the SEC would be whether the company materially mislead investors or committed any fraud with its financial disclosures.
I have not seen any evidence of either of those.
The financials are terrible (performance wise) as one would expect and the necessary disclosures are there.
His trades have been disclosed. He has publicly said he will have to continue to dilute in 2024. He has said they won’t be cashflow positive for some time.
While some of the PR’s leave out some details in order to leverage the average investors imagination, that isn’t fraud.
For example his use of the term “invoiced” instead of revenue.
While some may think it’s revenue it’s not, and he doesn’t call it that. In fact the 10K shows quite clearly what was “invoiced”, what is “revenue” and what has been “paid”.
Many believers just ignore all that and throw money at the stock anyways.
That’s on them.
The SEC is not going to pursue a company simply because a bunch people lost money believing the, primarily, third party hype…and ignoring the company’s own filings and what they say.
Lol…not the Iraqi dinar revaluation nonsense again…
That is so 2007.
I guess Michery thinks that a stream of fluff PR’s is going to move this stock.
Lol…guess not.
Let it go. It’s done. Has been for awhile.
Oh…then it just be going fine!! 🤣
I wonder if Mark is having trouble with FINRA on his “reorg”?
Same as the old focus? lol.
The fact that his “bonus” amount was based on a % of the OS, and not an absolute number of shares, should have been a huge red flag to his believers.
He knew the stock was going to be diluted to hell.
Found their “website”.
https://grupocavel.com
Funny it doesn’t show up in any searches.
Maybe because there are no functional links on the site.
It looks like it has been static for years.
Yeah I saw that. Weird. There is no evidence it is an active business.
This Grupo Cavel PR smells like another Hardge play. As far as I can tell the company has no website or much of any web footprint. You do a search on the company and the first hits are the Mullen PR. And this Tavarez dudes LinkedIn profile is decidedly unimpressive.
Michery typically trying to spin this into something that sounds a whole lot better than it actually is for the PR value.
Where does he find these guys?