says, "Companies that trade on the OTCBB will require Cash/Cheque. "
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If they draw the full $750K
and I can't see how they'll avoid that, I see them extending the loan out to 12/31/21, as provided by the agreement.
I don't foresee a scenario how they'll pay back the loan, so I think it will be paid off at 0.09/shr.
Total dilution: about 10M shares: 15,000 Preferred B1 at 66.66 common to 1 Preferred B, 1 million shares when the loan is extended past 6/30/21, and $750,000/0.09 to pay off the loan with shares (plus the 1% interest).
It's a bit over 10 million shares or 21% dilution. (Someone should check my math).
On the plus side, CAPC gets to survive at least through 2021, if they cut expenses to the bone.
That Smart Mirror is a dud; 2 years late already - won't see the light of day. Too many real tech companies with deep pockets and better products.
Two years ago
https://www.cnet.com/news/capstones-smart-mirror-comes-to-ces-with-google-assistant-built-in/
"...You can hang the Capstone Smart Mirror or stand it up on a counter. The mirror will be available in multiple sizes, beginning with a 19-inch by 22-inch model in early 2019. Pricing information is not yet available."
While the Company is developing a new line of “smart,” interactive mirrors for residential market, this new product line has not been launched and is not generating revenues as of the date of this Current Report on Form 8-K.
Bad management. Wasted precious resources chasing a pipe dream. Smacks of STP Tools (although some of those actually shipped for meagre revenues) and Foam Pillows and those gimmicky security USB drives.
Looks like Alonzo gave out some more shares to noteholders to dump
Looking at the last 20 trading days, they can convert their debt for .02ish per share.
Who wouldn't take advantage of that kind of lending return?
5 coiner daily back - Nextech AR Solutions
https://ih.advfn.com/faucet/fgdto5
Jim Dandy stated that Nulixo put an unknown amount into an unknown account
That's not Nulixo, no matter how much you want to be.
If Steve Price wishes to put the information on the website, he will.
If he prefers to keep things nebulous, for legal protection against fraud claims, he won't.
When will human beings learn the right way...
Pretty sure the Right Way is not defrauding a bunch of TRTN/JBII/PTOI investors with Magic Catalyst stories, and 11 years of delays and non-performance.
How many sham deals have to be announced and faded into obscurity before you see the Light?
The os was just raised today, yesterday it was 52m. That’s your 5m right there.
The O/S was 52M back on 11/30, not yesterday. Alonzo has been diluting all month long. This despite his claim that he had reduced the O/S.
The O/S gets posted once a month. The 5 million options are not part of the O/S ... the shares don't even exist yet.
Outstanding Shares 57,210,102 12/30/2020
You've Been Punked!
Remember when Alonzo said they reduced the O/S? Looks like it went Up, not Down!
Remember when Alonzo said they set aside 5 million stock options to attract new board members? How is that going to work if the 60M A/S is almost maxed out?
I think that's true for their 15-12(g) filing obligations (not having to be current when filing the Form 15)
However, I think they have 15-15(d-6) filing requirements (stemming from registration filings like S-8, for example).
In order to file the 15-15(d-6) (which I think is due after 12/31/2020), I do believe they have to be 'current' with their SEC filings.
Still, wouldn't it be funny at our next NR meeting that 22 of us undertake to buy 100 shares each?
I don't know about you other NR guys
but I'm still printing Air Shares and selling them into the MARKet from my trading desk on Mars.
Heddle was the greatest gift the NRs could have gotten. Since he's gone dark, there's NO WAY I'll have to cover.
I picked up another Canon All-In-One on Cyber Monday, and went dumpster diving behind Office Depot where I found 3 empty toner cartridges.
So, It's pedal to the metal, printing Air Shares all day and and night long.
I'm personally up to 21 million Air Shares. Thank You, Dick Heddle!
If we take ISWH at their word, $700K in notes cancelled, about $700K left
at 50% of the lowest trade in the last 20 days, that equates to roughly 90 million shares of dilution still to go.
Since they're probably now maxed out at 60 million, something's got to give.
And all this is assuming their tweet is legit.
No, I'm not bidding on any shares, or owning any.
It's a convertible note scam.
Lenders give money to Alonzo, he pockets it, and returns a note, typically convertible into shares at the lowest price traded in the previous 20 trading days (right now, that equates to 0.0076/share) when converted.
Note holders periodically convert their mature notes (filings cover a couple million dollars in outstanding debt).
The 9 million shares they had left in the A/S as of 12/01/2020 will cover about $68,000 in current debt. The filings will tell you what their current debt load is. You should check it out.
Good Luck.
The math is stark.
Alonzo owes on numerous notes. Check out the conversion factors. It's pretty dire for a retail investor/gambler.
Alonzo wins when the note holders give him more money. The note holders win when they cash in their floorless note conversions.
The only ones adding money to this machine are the retail folk. They should know what they're up against, right?
It's pretty dire.
The math is working against you, if you're buying this at retail.
Just on the last 4 notes, they can sell this down to a penny and a half, and still make 100% return. Who wouldn't take a quick and easy double-your-money?
You can't win against that kind of math.
I'm hanging in my inversion boots, naked, at my trading desk on Mars
And I'm shorting airshares as fast as my Canon can print them.
I may have to pop out to OfficeMax and get another empty toner cartridge at this rate.
Thank goodness Heddle has our backs, going Dark so that our upside-down, naked shorts from Mars will never be detected.
We're so fortunate that TRTN/JBII/PTOI never double uplisted to the NASDAQ, where I'm sure we all would have been exposed.
Hey, someone get Mark Ragus on the phone tree; OfficeMax is having a deal on paper reams ... I need another vacuous pump to short some more airshares! Tell him we'll do our standard deal.
NRs greatest Trick was convincing the profoundly insane that we actually exist.
I don't know about you, but I'm personally short 20 million airshares.
I print them up myself on my Canon printer after the toner runs out.
Our second greatest trick was convincing Heddle to blow his Flagship to little bits, and then not fix it, but instead, file to go Dark.
Free Beer Tomorrow too!
I think the website has always had the 'one month out' shipping date...
Let's see, Heddle took over PTOI 8 months into Obama's second term
Who was the VP again, remind me?
11 months into Obama's second term, Heddle blew up the flagship, closed down the company and waited for the end.
Now here we are near the end.
DEFUNCT
DARK and/or DEFUNCT
DARK
DEFUNCT
This company is fundamentally a debt conversion to share dumping scheme.
It is not that complex. The truth is evident in the filings. Money is lent to the CEO, he pockets it. He returns a note for the debt.
The lenders convert the notes into shares, and then dump them in the market.
Rinse, Repeat.
Some Reverse Splitting necessary.
Pink No Information
Pink No Information companies may not be able or willing to provide disclosure to the public markets - either to a regulator, an exchange, or OTC Markets Group.
Dark or Defunct
Congratulations. You were had. You believed the stock promoters. You reviled everyone else.
"Uplist times Two" "Land Rush" "Generational Wealth" "Magic Catalyst"
All bullshit. Now you own worthless chits to a Defunct Company.
Newsflash: It's been Defunct since 2013.
"Our business model is not based on P2O in any way."
Begs the question why did Nulixo make such a big deal about signing an Exclusive agreement for 20 years for P2O machines?
I guess that MOU/LOI/SHAM is cancelled?
I will keep pushing until this p2o machine is in full operation.
Which machine, exactly? The one that's been broken down for 7 years? Any timeline for fixing that?
The X-ray Fluorescent plastic sorting machines that you specify as part of your plastic waste solution: how much do those cost each? And how many tons of shredded plastic can they sort in a day?
What's the spec on how much halogenated plastic gets through to the output?
How are you dealing with PVC and CPVC getting into your P2O feedstock?
No, that can't be right
We've been told again and again that PTOI has over 450 shareholders, each gripping their tickets to generational wealth so tightly that they're losing feeling in their digits.
Heddle must have been hijacked by NR. Only explanation.
John Bordynuik Sr. had 2,000,000 shares.
For doing what, exactly?
That number of shares could have been converted into $10,000,000, if sold at the correct time.
Do you think it was when Bordynuik Jr. was telling everyone else not to sell?
That would be a clear case of fraud.
That's No Thunder, that's someone Breaking Wind.
Frontier Energy, Inc. has nothing to do with Frontier Energy Corp. (FRGY)
Different companies.
This pump has been tried before. It will likely be tried again.