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Company has no money and is issuing shares for cash. Your paying 80X revenue and no profits. Right now, your paying to be diluted. Looks like a scam, staying awayyyyy.
except note holders are going to drop this stock becuase they realize they will never get the value unless they sell sell sell
Yeah when they just diluted 75x and the last report said 50k revenue for the quarter but a 1.2 million loss. Yea its worth zero.
I think were going to see them start gaining revenue with the new dye machines. we'll see.
Yep SCAM
Current shareholders who bought near $1.00 will never get that back.
massive dilution just went down. overvalued here.
SCAM ALERT. Here is what they did.
Recent 10q puts them at 2million shares outstanding but this updated 8k says they added 150 million shares on the 1st of oct which is why the stock crashed. Stay away.
At the closing of the Merger, 51% of the outstanding shares of Spiral (the “Spiral Shares”) were canceled and exchanged for an aggregate of One Hundred and Fifty Million (150,000,000) newly issued shares of Common Stock, par value $ 0.001 per share, of the Company, (the “Common Stock”) or, at the election of any holder of the Spiral Shares who, as a result of receiving shares of the Company’s Common Stock in connection with the Merger would hold in excess of 5% of the issued and outstanding shares of the Company’s Common Stock, shares of Series C Convertible Preferred Stock, par value $0.001 per share (the “Series C Preferred Stock”). Holders of Spiral Shares who received shares of the Company’s Common Stock or Series C Preferred Stock, as the case may be, were granted demand registration rights whereby, beginning thirty (30) days from the closing date of the Merger (“Closing Date”), the Company would be obligated to file a registration statement covering the resale of such shares within sixty (60) days’ of receiving notification of the exercise of such rights by not less than 10% of the shares of the Company issued in the Merger (on an as-converted basis).
So know you know the rest of the story.
No its not. Read the 10q. its 2 million
should put this in the intro
DROP Security Details
Share Structure
Market Value $4,966 a/o Nov 13, 2014
Shares Outstanding 2,069,126 a/o Aug 27, 2014
Float Not Available
Authorized Shares Not Available
Par Value Not Available
Guess all those mods like misleading people.
diluted 50% over the last year. Sold 50k revenue but it cost 1.2 million.
hard to argue with the $5000 Marketcap. Its worth zero.
This has some good growth. It can go higher when they bring in more earnings and give more equity to shareholders.
damn apple moving along. Cant wait for next report. I think this is worth $200 a share.
Sounds like current stock holders will be wiped out and the debt will be paid when they sell the company. Zero value for current shareholders unless someone bids it up over 2 billion.
yeah and they sold there shares and crashed the stock most likely.
.0001 then reverse split. $0 revenue.
yep this is bad. crazy share dilution. staying far away
Keep waiting then. Im not taking the chance of being diluted down.
6 billion share dilution. from 421,895,286 to 6,989,360,571. ouch
staying away. far awy
Overvalued here. 45 million market cap with 12 million revenue. paying 3x revenue for a company losing 26 million in a year and diluting shares now. Staying far away.
Staying away. a billion share dilution and no revenue ever. stock scam.
This sets alarms off to be. Your quiting your job to finish a book? What about returning equity to shareholders.
Nah he would rather dilute and sell shares.
Mdbx overvalued here. 300 million market cap but only 5 million revenue 2013. 300/5 = your paying 60x revenue and they dont turn a profit.
You also got diluted 30% this last year. The way I look at it is if they report good it will still go down.
yep around $3900. oops even worse.
Yeah I figured he was when they said nothing in the 4 stock forums I trashed. ssft is bad. 4 mil value and less then 400k rev
This is where money went to die.
Yup, a whole $39000 dollars traded today. real bullish, NOT
4 million valuation for a company doing only 500k in revenue and losing money. Im running from this
Over valued here. More selling coming
Over valed here. Look for more selling
This stock is going away folks. Pack your bags, its going bye bye
Ok, its a number wrong in ther 10Q. They doubled there share to 32million from like 16. So not 10x diultion but 2x dilution. They put a 2 in front of 232,053,775 by mistake it looks. Thats bad accounting.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10200289
Thats basic, not diluted. Go look in the 10q. It will tell ya.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10200289
you see that 232,053,775
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10200289
Notice in there it says 230 million diluted. this is lxrp not lxx. Thats not on the same exchange "son"
DO you even know what your investing in?
thats lxx. not lxrp. check this "son"
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10200289
This looks to be undervalued here. 7.5 p/e 3.5 price to revenue. Good growth. A little bit of dilution from last quarter but earnings and revenue made up for that. Total equity increasing. around 53 million in assets and 80 million marketcap. It looks promising here.
Im stay away here. no profit and selling shares now to keep the company ruinning.
Stay awaying. issuing shares and selling shares for dobt
This is going to crash and burn. They have no money and are diluting shareholders for cash to run the operation. Staying away
This is horrible, The share holder just got diluted 10-1. stay away, hide your kids hide your wife.
Basic and diluted 232,053,775 16,431,452