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His name is Kenneth and not Kevin.
I was calling the company. I asked all my questions that I did post in one of my earlier posts on this board.
I got not one straight answer to my questions. The answers have been more or less "...working hard....looking very promising.....be patient....". Honestly I was a bit disappointed but on the other side I understand that they are not allowed to tell me secrets on the phone. Nevertheless I feel better now.
I was told that they have a new PR by no later than the end of next week. That was the only straight forward answer I got.
I only can speculate what PR it is. Debt reduction again ?
I don't know.
It is not me inventing this. He said on the phone that there is news next week. Not more and not less. Believe it or leave it.
No, you are wrong. Tax loss selling has nothing to do with TCPS.
You will learn more about TCPS next week when they issue a PR. That is all for the moment.
What a great company GOOG is. Too bad I do not have a few dozens of shares of it. Have a good feeling about TCPS for the next two weeks. It's time for a new PR.
I do not count with news this Friday but I'm 100% positive for news before month end. I'm just expecting news about a further debt reduction what is good but nothing that would drive the stock a lot. What would drive the stock a lot would be news about a strategic partnership regarding the Lycon Chip or news about a patent infringement case with a court date and/or a settlement and patent license agreement.
In other words there is a potential for a surprise PR with a huge effect and there is a guarantee for a soon to happen PR that proves dedicated work for an interesting future.
Time is on my side, yes it is. (Rolling Stones)
OK, you are right. For a Penny Stock it is low. My error.
It is a requirement of the OTC Market to have this information up-to-date. OK ?
160 million shares or 300 million shares is not what I would call super low.
The reason why this was updated is because of Quarter End. They have to do this. It is a requirement. OK ?
So the number of OUTSTANDING shares went up by 30 million shares.
Since they settle debt with preferred shares the 30 million shares have nothing to do with debt settlement. The 30 million shares must have been issued to fund ongoing operations. Question is at what level and to whom ?! Hopefully the next financial report will shed some light.
Before we get a better insight I would remain cautious.
As a debt holder you are preferred to a share holder in case of chapter 11. That is why debt holder do not want to convert to common shares but to preferred shares.
Also, you can pay a dividend to preferred shareholder while not paying one to common share holder.
If I would be a debt holder I would ONLY accept an offer to convert to preferred shares.
So the operation makes sense to me from a debt holder point of view.
If I would be the CEO of TCPS I also would want to eliminate the debt from my balance sheet. As I said in one of my posts before : Never drill on debt. That is what you say in the oil industry. You need funds then issue shares but don't take credits. Debt always has a deadline but equity capital not.
My benefit ? Well, I don't like the dilution. As a common shares share holder I don't like preferred shares. But I do NOT see any other way to go. Once the balance sheet is clean it is much easier to raise capital and move forward.
I can't turn back the clock. If I could I would not invest in TCPS at 4 cents a share.
Now I'm in and have to be patient to get my money back. It either blows off or takes off. Personally all I want is my money back = 4 cents.
Preferred Shares.
Paid with the promise of an interesting future. There is not alternative to this. Debt holders sitting on the debt since 7 years. Now they see a small chance to get the money back and they go for it.
Be sure debt holders have been informed about what is going on inside of the company. Wait for good news to come.
No, I would not go so far. It is still a long way to go. I don't expect a big PR to hit next week and therefore I'm not as optimistic as you are.
They have a Shareholder Service Line !!!
TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS) is a wireless technology company currently holding patents and other intellectual property. The Company is a Colorado company in good standing.
Additional Information
For additional information, please contact Shareholder Services at: (310) 270-5769
Once the fog is gone you see the Golden Gate.
Once the debt is cleared........
Don't drill on debt. What is right in the oil market is right in any market. BTW also in investing.
I do agree. It is good news. Conversion rate would be of interest but maybe too much of a secret at this moment. Once all debt is converted it has to be told.
Too bad I don't have a email address of the company. I'd love to email them. I would email them e.g. the following :
Staying long term pays out as long as the company, the patent, the business plan and its execution are real and last but not least the officers play honest and fair.
Would you answer all of this with YES ?
I think the next Press Release from the company is very important.
Currently no faith at all in this company. That picture could change with the next PR. Of couse it also can get worse when the PR is a fluffy one but then I think it would mean game over. Curtain down. Elvis has left the building. Understand ?
So I hope for a good PR and I hope to get it soon. Soon means before End of September.
A good PR is one with :
- A strategic partner
- Name of law firm going after those infringing the patent
- Clear and straight communication regarding DILUTION
- Conversion rate for debt
Quarter End. Should hear more about debt reduction and litigation.
Expect to hear about it soon.
I remember that not that long ago you or your group was ready to to a long way and buy much more. Back then I warned you that this stock would go lower. PPS stood at about 1 cent at that time. Now you give up ? Getting more or less nothing for your 3mm shares. I do wonder a bit.
As many as you want. It is all yours. Take em.
Or tanks.
A good write off at the end of the year ? Next news will tell.
Placed an order at 0.003 now I wait and see.
Sounds pretty easy. Investing 101 ?
Indeed. LOL. But you know how it was meant.
Easy comes and easy goes. Back to field #1.
I do not agree with many comments made yesterday.
One million shares at $0.008 is less than nothing and therefore I wonder how some can make predictions with this.
You want, I mean you really want, a position in this company then you don't spend couple of hundred $ per trade. Total trade value yesterday was about $10'000.00 . Equal of 20 shares of APPL.
.........Nevermind......
I'm waiting for good news. Hopefully soon. I repeat that good news for me would mean :
- Strategic Partnership with a e.g. Chip Manufacturer
- Licensing Agreement
New week starts with a lot of hope. Is a good PR close ?
Don't think they are working on debt reduction only. Hopefully one of the next PR will be about progress in product development, strategic partnership or license agreement. Hope is back.
Don't think they are working on debt reduction only. Hopefully one of the next PR will be about progress in product development, strategic partnership or license agreement. Hope is back.
Next week we will know (hopefully) what, if at all, is behind todays action.
Just do not forget that 5 million shares at less than a cent is not big money. It's about the same as a trade of 100 shares of AAPL.
Cross my fingers for next week. Good weekend to all TCPS shareholders.
I don't want to hold anybody back in buying shares. Honestly I don't think my comment has the power to do so.
BUT .........
Preferred shares mean DILUTION and we all can only speculate about the conversion rate. Black Box. Not good.
When I invested the company had issued about 90 million shares of a total share capital of 100 million. Now they increased to 300 million. No problem for me as long as the additional 200 million are not given away for "free".
There is a very thin line between being cautious, realistiv and negative. I try to be realistic but not negative. I was not cautious enough when I did my investment at 4,5 cents.
Careful. It is just a debt reduction of $100'000.00 and we don't know at what price. No conversion mentioned. Would be good to have other news than this. The debt holder has nothing to lose. He is sitting on the loss of his credit since 7 years. Now he gets the offer to convert. Better convert and even sell at a loss. There is no alternative to this.
I hope for other news and I guess there must be something else. This debt reduction doesn't justify the high trading volume and price surge. Next week could be interesting. At least I hope so.
Good the FED did not tamper. With cash gates still wide open TCPS has a better chance to come up with something. Don't say they'll but the chances are higher.
The buying appeared very late. Just a fly on the wall ? Without any news I don't trust this little spike.
Too bad I don't have a email address of the company. I'd love to email them. I would email them e.g. the following :
Staying long term pays out as long as the company, the patent, the business plan and its execution are real and last but not least the officers play honest and fair.
Would you answer all of this with YES ?
I think the next Press Release from the company is very important.
Currently no faith at all in this company. That picture could change with the next PR. Of couse it also can get worse when the PR is a fluffy one but then I think it would mean game over. Curtain down. Elvis has left the building. Understand ?
So I hope for a good PR and I hope to get it soon. Soon means before End of September.
A good PR is one with :
- A strategic partner
- Name of law firm going after those infringing the patent
- Clear and straight communication regarding DILUTION
- Conversion rate for debt
The pop is nice to see but honestly I don't trust it. I'm missing the news supporting it. Maybe today ?
No news today. Maybe tomorrow. Maybe not.