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Now that they increased the AS the floodgates will open and the dilution will continue. Keep in mind the lower it goes the more shares need to be sold to get the same dollar value. They are only restricted by the percentage of daily volume that they can convert. With no actual real buyers this will take a long long time to fully dilute all the shares. I would guess that they will not put out any more positive press releases at all it serves no purpose as the convertible will just keep hitting the bid.
Do you all think this is a positive thing? Now they will just keep diluting it all the way down to trips. this was the worst possible scenario it will be going nowhere for a long long time and then they will do another reverse I guarantee it. The only shot of a bounce was to maximize the shares outstanding and then have a move now that won't happen for months maybe a year.
Good luck I'm still staying away.
Well it's around 350 mil another 150 to go. I believe they split it and made it 500 million again. Just do the math and maxing it out again i doubt will extinguish all the rest of the debt.
It amazes me why everybody keeps complaining. It's very simple math and logic. The price will continue to go down as stock is converted. Once the they maximize the outstanding shares again and only then will it have a chance of some sort of bounce. Then they will have to do a reverse split again until all convertible debt is paid off.
Believe me I am very sorry for the Longs I know many people that have been absolutely destroyed by this company.
AH trades have been 15-20% of the volume of the day. I beloved that's all they are allowed to sell on a daily basis. I have been tracking for months.
Lol? It's really not funny. Do u understand how convertible debt works? They can sell at any price they DO NOT CARE. They want their money at any cost. It is what has destroyed the shareholders over the last 24 months
The selling will continue till they max out the ask again. 500 million total 319 as of this morning. Roughly 180 million to go. At a rate of 8 mil per day this will continue another 20-30 days. Just my thoughts. I would consider buying only after the shares are maxed and from what level that is?? .01 or .001 time will tell.
FYI the lower it goes the more shares need to convert to get the same dollar value.
In fact we prob won't see .05 either.
What a joke those numbers are. It will never see .20 or higher besides another 100-1 reverse.
Once again for all the newbies here. Do your due diligence. This thing has not gone up on the numbers release in probably two years. They don't make money they operate in a low margin business and have nothing proprietary about what they do. I don't believe there is any way for this to go up until the debt has been renegotiated. ( which they have been trying to do for over a year with no success )
The converts will continue to sell and eventually will max out the share structure again and they will have to do another reverse split. It's just basic principles stay away and do not buy.
Just my opinion and I have been here for years.
They have been trying to refinance for 2 years no luck. Wonder why? All smoke and mirrors.
I hope you all realize these guys are masters of finaicial engineering they have destroyed shareholders over the last 3-4 years. Stay away
Warba you were a cheerleader for this thing for a while. Have you finally given up on this scam artist RS? Very sad story and we all got taken.
I don't like to be a hater but I don't see this going anywhere anytime soon. It's all about the debt and dilution. Some of us have been saying this for a year and look at all the shareholders that have been destroyed. Stay away just play with what you can afford to lose.
They are diluting about 10-12 million shares per day as my calculations go. So at that rate they will max out the so again and probably have to do another large reverse in the next few months. I am still staying away for a purchase.
Same story different year. Look what has happened since the last shareholder letter. This thing is no where near a buy. Maybe after another 100/1 split in the future.
Just got it. 5:03 pm
Lol another Encc pump email. What a joke. Same crap as before.
Everyone should do their own due diligence. I've been involved with this company for over five years. I have lost more than I have made. The reverse was done so they could increase the share account so the convertible debt could be converted. Take a look at the balance sheet. There is probably 30+ million dollars that will convert and smash this thing lower. The VNDM was doing the sales on it before and I'm sure they will do it again they are not shorting it. All those after hours prints are converted stock. Call the company and ask they will not deny this. I believe it's going much slower and I have no position right now.
4th accounting firm in like 4 years lol what a joke these guys are.
Same pump email lol. Nice block bought today to front run the email.
Let's see how high is goes this time
I still wonder who and why anyone would buy this paper. I don't see it as short covering.
I completely agree with you. I'm just wondering who bought all that paper today and why would they.
Nope but is does say they were paid 30k cash. Wonder where RS got that money from.
Just got pump email...
Totally agree with you. Stay away for now. Let them do a reverse bury it with dilution. Than maybe in the future buy after debts paid down and another larger reverse happens.
Company? It's a shell now with nothing.
I totally agree this thing is going way lower after reverse. Will be able to buy it back at .02 or lower.
lol yea a delisting.
The bulls so quite when it's crashing. Once a pos always a pos. I would never believe anything RS says or the pr's say.
I have been quiet for a few days if in fact the selling is done and VNDM and him selling thru arca stay off the offer any fresh buying should take us through .035 and up to .05
For you newbies the after hours prints are market makers printing a sale from the convertible. They have been getting smaller and smaller. They're usually 10 to 20% of the daily volume
Sorry wrong Intercloud. I was hopeful it was the same.
News out. Small contract but they will pay off the debt and the convert will end. Hopefully soon then we should begin an uptrend.
If they clean up the entire piece this will rip imop. Problem is they are having a problem doing that I think.
The TA actually told you the amount? Can this be verified on a weekly basis?
It was on the Ntss feed on twitter
I think they shot a new video for ntts not that it matters but they did show a line and plans for the future production line
Rarely do you see a destruction of shareholder value from a company who's CEO on every conference call was so positive about the outlook of his company. Can you say crook.
Read the latest 8k what a mess. Reverse spilt definitely coming down the road imop. Than they can dilute and pay debt all over again.