says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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I know my Angst has ratcheted up to Therapeutic Thorazine Levels
I'm doing the only thing I know: I'm hanging upside down at my trading desk on Mars, shorting PTOI shares as fast as I can print them on my Canon All-in-one.
Just got a shipment of empty toner cartridges from my buddy at Office Max. I should be able to add another 10 million air shares. I can only hope it's enough to cellar box this play, that's my goal.
Wish me Luck!
91142069
The O/S increased.
That's textbook dilution. Earnings spread over more shares.
Also, the O/S is not done increasing, in my opinion. More dilution this year, I suspect.
By this time next year, we'll see a higher A/S, also my opinion.
Outstanding Shares
49,543,031
05/03/2021
Data from OTCMarkets. Transfer agent verified.
Seems like there is some small dilution going on. Last quarterly said:
The data in this chart is as of: 03/31/2021
Shares Authorized (A) 56,666,667
Total Shares Outstanding (B) 46,296,364
So, 3,246,667 shares added, or about 7% dilution since 3/31/2021.
It's probably not UL certification that's the hold-up, but rather the FCC certification of the RF (wireless) nature of the mirror.
Digging back through quarterly transcripts, back in Nov. 2017, Stewart talked about the new device, saying he had the prototype right in front of him, wished he could show it. Said they had been working on it for a year.
The original design had an 8 inch Android 9 tablet, that docked with the mirror in the back. They got an FCC certificate for it on December 19, 2019.
https://fcc.report/FCC-ID/2ABNT-CAP001M
Reading through it, they intended to have different colors of the tablet, which tells me they thought about selling the tablet alone by itself, and also with the docking mirror/TV.
So, started in 2016, teased in 2017, launched in January 2019 at CES, FCC certified December 2019, re-launched in Janurary 2020 at CES.
And then ditched sometime around the start of 2021. None sold to the public.
It's a good thing. From what I can see, the product would have been a flop.
Now we wait to see the specifications of the new mirror design. They've moved away from the docking tablet design, potentially in part to move the RF antenna to the front of the device.
The old design would have had bad wifi performance; mirrored glass is a pretty good blocker of wifi signals.
The magic cultalyst that they didn't patent, because that would give it away.
Your mark is scheduled to publish in the Trademark Official Gazette (TMOG) on May 11, 2021.
Your mark appears to be entitled to register on the Principal Register upon the acceptance of a statement of use, subject to any claims of concurrent use.
What happens when your mark publishes. Within 30 days of the publication date, any party who believes it will be damaged by the registration of the mark may file a notice of opposition (or extension of time) with the Trademark Trial and Appeal Board. If no objection is filed, we will issue a Notice of allowance.
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Crypto Mining Seen Topping 2020 Revs
I would hope so. 2020 revs were $55K
Not much talk about the 3.33x increase in the A/S
ISWH increased the A/S from 60 million to 200 million.
I guess the toxic convertible debt is still going strong. Let's Get Ready to Tumble!
Profitable?
The had a net loss of over $26 million on total yearly revenue of $55 thousand.
Embarrassing report for a public company.
His first order of business when he took over was to scuttle the Flagship
He hasn't repaired it to this day. What does that tell you?
The thing cost money to run, more money than you make on any output. To Heddle, that's Bad Business. He blew the Effer Up.
And then let it rust for 7+ years.
Here we are today.
What about this don't you get by now?
But, but, but
Alonzo eliminated the toxic convertible debt, right?
You know what's next? Going to need to make room in the A/S limit.
Steve is still working on uploading that Powerpoint.
Any day/week/month/year now.
But seriously folks, as TRTN/JBII/PTOI sham deals go, Nulixo turns out to be one of the shammiest.
If the largest financier of Alonzo's lifestyle won't take ISWH stock anymore, why buy it?
I'd be looking for Mr. Pierce's next shell. GPL is probably taking equity in that one.
I didn't think I missed anything.
Thanks for confirming. Watch for the A/S increase.
The 750k hasn't been touched yet,
Can you quote the exact text from the CC? I skimmed through the transcript and I don't remember seeing that claim.
Thanks in advance!
~2.5 million share private placement means they'll be increasing the A/S this year.
The $750,000 line of credit extended by two officers (has that been already drawn in its entirety? Not clear.) would result in a bit over 10,000,000 shares issued by the end of the year to settle that debt.
With the private placement, it adds up to more than the current 56.66 million share A/S.
60 cents per share not nearly as good as the ~7.5 cents per share Stewart and Postal got for their financing.
That, and also they didn't file for the 15 day extension.
Honey Badger Heddle just don't care.
Stop Sign, again.
Pink No Information
Dark or Defunct
I seem to recall Stewart saying they're only testing them for the US market.
So, US certification only -> US sales only.
We do not currently ship to international locations; therefore, we will not accept orders for shipments outside of the United States.
This is new:
As discussed in Note 1 to the consolidated financial statements, the Company has incurred operating losses, has incurred negative cash flows from operations and has an accumulated deficit. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern.
So much for 'after the bell'.
10K out; dig in.
Day 365 since Nulixo lost their ability to Upload News
and Powerpoints to Nulixocorp.com. The Humanity!
The new mirror won't be in the 1Q2021 financials (due out mid-May).
Probably not in the 2Q2021 financials either (due out mid-August).
Everybody get comfortable.
Your call is Important to Us...
If this is an actual medical emergency, please call some place not associated with a penny stock scammer.
Telecare Home Health, LLC (an Alonzo Pierce LLC) 10500 Northwest Freeway, STE 194, Houston, Texas 77092
took over Paradigm Home Health/Paradigm's office space, some time after Aug 15, 2018.
Suite 194 (559 sq ft of useable space) has a reception window and two offices.
Suite 194 was unrented in August 2018 (Paradigm had Left the Building).
Current facts:
They had to redesign the mirror product after not selling it for 2 years.
That new product doesn't have FCC certification yet. Pending. Old product was certified in December 2019.
None sold. Two years late on that original schedule. And counting.
CAPC about to file a pretty dire 10K at the end of this month.
But, rejoice! It's a solid meme stock, and we won't have hard numbers for a year (end of March 2022). Oh, the tweets that will be made!
The O/S is 750,000 shares higher than what they showed on the 3Q2020 10Q.
My guess is that's options being executed at $0.435 by insiders.
The $750,000 line of credit should result in about 10 million shares getting issued to two insiders, about 5 million each. Effective price of those shares, about 7.5 cents.
The extra 10 million shares will max out the A/S. A year from now, we can check on this.
But they *are* diluting.
In my opinion, we'll see an amendment to increase the A/S, before this year is over.
Going from 46M to 56M is dilution. It's not what I'd call toxic, but it dilutes every investor. Just basic math.
How the directors came about their shares should also speak volumes.
These guys are getting old. What's their endgame? Probably a sale of the company. When/if that happens, they'll get paid well.
While not what I'd call 'toxic', the CEO and one director put up
$750,000 as a line of credit, due to the poor financial state of the company.
The debt converts at 9 cents per share, and if the line of credit is fully utilized, a bit more than 10 million shares in total would be issued, including some freebie preferred and common shares to each of the lenders.
It would max out the A/S, should it come to pass.
Ironically, the CEO and the VP are due to draw about $500K this year in salary. That's part of the 'overhead' the line of credit was meant to shore up.
They don't have FCC certifications for the new design yet, is what I heard.
The original Capstone Connected mirror product (the one shown in January 2019 and January 2020 at CES) was certified by the FCC on December 19, 2019.
You can start production, you can ship product on airplanes, but you can't sell them to end users without the FCC certification.
I think Stewart said Q2 or Q3.
That's perfect for a meme stock; we won't get a full quarter of sales until 4Q at this rate, and that won't be documented in an SEC filing until the end of March 2022.
Everybody get comfortable (any of those Simply Comfort foam pillows still around?) for another year of More of the Same, my opinion.
Was supposed to ship in early 2019.
Covid had nothing to do with the first year of puttering around with the mirror product.
Introduced at CES 2019, not CES 2020. Stop re-writing history, Stewart.
Now shipping in Q2 or Q3? Did I hear that right?
Redesign of the product confirmed; original device had certification in December 2019. Now needs re-certification.
Stock Photo + Photoshop Magic == EZ Marketing Copy
Nevermind that the mirror is two years late (introduced at CES 2019 January ).
You don't actually need to have shipping product to have a neat promotional campaign, I guess.
Have a happy and safe St. Patrick's Day!#CapstoneConnected | #TheSmartMirrorCompany pic.twitter.com/PNWFOdmtuE
— Capstone Companies, Inc. (@CAPC_Capstone) March 17, 2021
Day 322; still haven't found the Upload to Website button for Nulixocorp.com
Situation: Despondent
Outlook: Glum
Everyone hug your phone trees and Hope!