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Answer me this, have you ever made an acquisition in your life?
Can you tell me the steps that you would need to go through?
Also, who are all the different parties that need to be involved?
This actually doesn't even take into account what happens as part of DD before the LOI gets submitted, lolololol
It ain't easy being SEC compliant! LOL
You are correct, if this was a typical POS with nothing but lies to attract attention, we'd be at multiple pennies... then eventually down again.
Going forward, I expect this to go up up and level off and sustain the gain. There will be back tests, but I definitely don't see going back to where it started. But volatility can be fun too!
TRUTH! Very accurate to what you just said! This CEO, just like his father, are as quiet as a mouse. His father unfortunately talked to much to whomever called him, which slowed down the whole process of that first acquisition, among other reasons.
Actually, I'm shocked Geordan put out the videos on twitter to give short updates and to put a face to the name, as he really didn't need to do that... plus then it came with negativity because making real progress to grow a real company is harder and time consuming than most think. But like you said, all these other tickers that run on hype, people then expect the same with all other tickers they follow others on.
I honestly don't know if I will be in another otc stock, but will cross that bridge once we get there.
Awesome sauce! Can't wait!
Please and thank you for trips!
Any reason why you think it belongs in trips?
I mean, I sure hope it does one last time to grab a ton more.
You couldn't have said that any better!
Its also funny...how can it be extra, when Geordan or his father never got anything in the first place!
You mean Geordan?
Yes, the lower the pps, the more shares you get for your dollar value.
Thanks for the kind words, glad we have an awesome group of peope on this board. Please note there's more behind the scenes that don't post on stock boards.
I also gave you a follow, as well!
Let's get ready to rumble!
Thanks warfaretrader!!... I gave you a follow awhile ago! Keep up the good posts!
I have this feeling they do a quick drop in pps tomorrow morning sometime and then I'm hoping volume comes in.
I'm guessing/ hoping this 8k might indicate dilution to the open market might be done but I'm not getting my hopes up yet.
A nice pr would help, of course too.
Regardless of where the pps is, he still gets the equivalent of what is owed to him from the company from his salary actual. And if him and the B.O.D accomplishes what they said, then he earned it!
Based on past history of NOT being greedy, my opinion, which is shared by a lot of other people who have been loading down here, is that he will be quite happy if he gets any shares below .01. Those are going to go a long way if this goes the way many are surmising here. I tend to believe he is even more patient and hard working then the true longs who have been waiting a long time for this, myself included.
Will see soon enough. I expect a quick short drop come monday morning, then will see what happens after. Its kinda like when it went down to .0002(where nobody got shares) last summer, then boom. Pps gets a heads start on psar once that flips. Hehe
Umm, there's an institutional investor that gave 1 million bucks valued at .01.
If Geordan got 100 mil shares these past 5 days, what's the value of those shares at .01, .10, etc?
He's going to make a whole lot more money if pps goes up, acquisitions are completed, BYOC gets to Nasdaq, etc.
He can't sell shares for another 6 months anyway, and that's if he even sells.
So for the next 6 months your saying the pps is going to stay here so he can get shares, while there's another 6 months to go until 1.5 million. Then at 6 months he's going to start selling? Makes zero sense.
Sorry but I'm learning towards what Starling, myself, and others are saying... news is coming.
You make another great point about the par value of .001 and that is the lowest price that it can convert at, despite what the 8k said.
The 1.5 mil is equally across 12 months. So for people that are having trouble with the 8k and how it works:
So starting now, 1.5 mil÷ 12 is $125,000/ month.
So this month he could get roughly 100 mil shares. $125,000÷.0013(rough ave of last 5 trading days)
Next month assuming we are above .002, he could only get roughly 60 million.
.003 he could get 40 million.
The point is this...As we move higher he gets less shares, obviously.
Assuming acquisitions are being made, how likely is share price, with the chart bullish as *uck, is pps going to stay down here?
In the past 2 years since there's been dilution, everyone including Geordan and his father's LLC has been diluted. So Geordan has been diluted as well, for thier initial controlling shares.
I'll rehash this... they never took a salary, nor did they convert any shares and sell shares via a form 4. THEY DID NOT SELL SHARES! Wow, how greedy of them, lol
Now, after they have targets (acquisitions), with an investor or institution willing to be able to fund BYOC under favorable terms, NOT with covertable toxic notes, Geordan has now set himself up to personally (as the CEO) to take stock ownership in the company instead of cash.
That also does not mean he's going to necessarily sell shares in 6 months per rule 144!
Assuming the acquisitions are going to bring value to the company, then any conversion is at the closing price of the last 5 trading days, as per the 8k... this is "NOT at par value". So assuming share price rises, Geordan will get less shares compared to current share price. Simple arithmetic can calculate this.
This is very fair and shareholder friendly, since the Pursgloves have taken zero from BYOC, even after taking the company from a shell with zero operations to a holding company and then purchasing S800 with yearly revenues and a 60% profit margin.
Now after giving indications they're acquiring companies, he's setting himself up to finally reap benefits after finding these companies, tells me things ARE CLOSE, when previously the Pursgloves have taken ZERO, this far.
Its show's lack of greed, it shows faith in the company. Otherwise what's the point.
So now we have the first part of the question answered, how bout the 2nd half. Lol
Geordan didn't take a salary since he's been the CEO, actually neither did his father. So the Pursgloves as a family have NOT taken any money from the company since they've taken the company back and after spending millions to in legal battles to gain control. In fact, Geordan dismissed and forgave the 8-9 million owed to the Pursglove Estate. Show me one form 4 in the past 4 years... you won't be able to.
So show me how he's greedy and how's he's not entitled to reap the benefits of whatever is coming down the pipeline, instead of taking cash as a salary?
Quiz time: when is he getting the 1.5 million and when can he sell the converted shares?
This is exactly the logical way to think this.
So instead of taking cash for a salary, he's taking it in shares instead. Cash is king, nonetheless... except when there's more in future value in shares. .
He must be confident what the share price is going to be in how many months down the road?
There's multple reasons why I'm being a teacher here. Heres a good article about a fraction of the details of that 8k and its the most important one, IMO.
https://www.upcounsel.com/rule-144
Understanding Board of Directors (B of D)
In general, the board makes decisions as a fiduciary on behalf of shareholders. Issues that fall under a board's purview include the hiring and firing of senior executives, dividend policies, options policies, and executive compensation. In addition to those duties, a board of directors is responsible for helping a corporation set broad goals, supporting executive duties, and ensuring the company has adequate, well-managed resources at its disposal.
https://www.investopedia.com/terms/b/boardofdirectors.asp
They are also listed as a service provider on otcmarkets.com, as well:
https://www.otcmarkets.com/stock/BYOC/profile
Lucosky Brookman has been BYOCs corporate and Securities Counsel since July 2019:
https://www.accesswire.com/552992/Beyond-Commerce-Engages-Lucosky-Brookman-LLP-as-Corporate-and-Securities-Counsel
With copies to:
Lucosky Brookman, LLP
101 Wood Avenue South, 5th Floor
Iselin, New Jersey 08830
Telephone: (732) 395-4400
Attention: Joseph M. Lucosky, Esq.
Ohh baby
As I've mentioned too many times now, it's all for the world to see, in the filings! Somebody a month ago posted the dilution since beginning of the year, which is spot on. You can clearly match how the dilution changed after a filing in March.
I honestly thought those shares wouldn't be converted until much higher, but I guess I was wrong, lol.
By doing basic math, and assuming that's the dilution from that contract, my assumption is it is done now or very soon, but I've been here too long to know and have worries of something else I might be missing, lol. Reading filings is like putting 2+2 together and interpreting it the best you can, since there's so much legal wording crap. But it is there and now we have volume. 10Q coming up around the corner, maybe we finally see revenue growth.
Lastly, the toxic convertible debt was taken care of last summer, or I should say loaded.
100% of the toxic convertible debt was taken care of last summer, or I should say loaded. I helped with that loading, so I should know.
It's in a filing and its allowed per the contractual agreement, go look at the march filings.
Now whether this is intentional by the company and Discover, I would say there is some legitimacy to that.
But by legal documents, all submitted and compliant to SEC regulations, this is allowed to occur.
Is what it is. Appears almost done too
3 days like today and we might just be finished, hopefully.
32 million on the bid, so anything is possible hopefully soon.
I'll feast on trips, hell yeah! Of course we've been teased for many a months it will hit trips again... and it never happens.
It helps to know how to read a chart!
It helps to know how to read a filing!
It helps to know how to read price action!
Just saying.
All I have say is... woow
BYOC
It's all in the filings!!!! Smfh
And it keeps getting bought....Your point?
It's a broken record here, lol
Are you able to read BYOC filings? Note: This is an actual question?
Its all in the BYOC filings for all the world to SEE?
It's all Right there and I have posted where to LOOK so many TIMES!
Just saw this post and want to say thank you. I do try to bring relevant information, and hope that if its helps somebody take a little more time to do DD, do some research, and where are the places everyone can go to to find information... it made it all worthwhile... even if that DD is on another ticker besides BYOC. Plus, I'd rather do this informatively and morally, rather than thru a negative means as we find a lot down here in pinks.
I find DD is thrown around a LOT to make it appear like real research is being done on a lot of "scam" stocks... for obvious reasons.
In reality, doing real due diligence is hard work, takes some balls, and in many cases putting 2+2 together! Among other things.
I still have a long way to go myself, as I don't do this professionally and have a day job that keeps me busy, while my investment dollars are happy waiting patiently to multiply. As they say, it can take only one or two stocks to change ones life!
Prove it
BYOC facts and data, no opinions here other than I opninon that this is undervalued and I'ma buyer at this level, but I don't give price predictions ... that's what "I" bring and always have.
It's not pumping to like a company and stock, period.
I have a real good job, so I can wait for ever for this dog to tear chit up... and my opinion is that it will soon. Since some people are underwater, it would be in thier best interest to not be negative and get out if thier not comfortable... I know some that did, and I'm ok with that, people have to make thier own decisions.
BYOC is quite different most of the typical stinky pinks here in the OTC...
Let's see just to name a few:
-It has revs
- It has products and good customers.
-Its been a SEC complaint company for over 3 years
-Has a board of directors, one of which is associated with an investment bank
- Shareholder equity is almost positive
- plus a bunch of other things that one needs to do thier own DD, and not have people like me hold their hand.
Ahh come on... what's the matter with a schedule 13d among friends/ dudes...
NO GEORDAN IS NOT THE ONE SELLING, IF PEOPE WOULD READ FILINGS, ITS ALL THERE. THE DILUTION IS ALLOWED PER THE AGREEMENT/ NOTES.
SOMEBODY MUST WANT SHARES APPARENTLY, BECAUSE THE NONSTOP DILUTION KEEPS GETTING SOAKED UP!! ITS BEEN LIKE THIS FOR AWHILE.
DID GEORDAN OR MANAGEMENT TELL US HE'S NOT DOING ANYTHING, OTHERWISE HOW WOULD ANYONE KNOW? MY GUESS IS THEY'RE DOING A LOT, WHICH CAN'T BE DISCLOSED...YET.
ANYBODY EVER TALK TO HIM, EMAILED, ANYTHING? NOPE
THERE ARE OTHER BOARD MEMBERS THAT HAVE OVERSIGHT AND DIRECTING... JUST THE FACT OF HAVING A BOD IS AMAZING FOR A OTC COMPANY!
MEANWHILE THE CHART KEEPS GETTING MORE AND MORE BULLISH!
OH MY GOD! The dilution is never going to end, Geordan isn't giving updates and holding our hands... and we should all sell now!!
Run away, run away!
The more scammy and slimy the stock is, the more or better chance it has to run here in the OTC. Theres a ton less regulation in the OTC, regardless the positive improvements that are taking place soon in the fall.
Now, the more legit and real a company is, the less frequent and big of a bang it achieves, contrasted to the frequency and better runs of the scammy stocks.
However....when a legit company (BYOC) gets it all set up and has a business plan and ultimately executes... lookout.... cause kaboom!
I'd say the new rules coming this fall, just means the scam stocks and associated people with them, just need to up thier game, do more paperwork, and ultimately do a better job to make it look like the stock isn't scammy and meets the new SEC requirements... it's still a scam but with better makeup on to look good, lol.
These are my opinions only, take it for what it's worth.