Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
what makes you think that there has been a single share converted since the last update. That was ~2.63 billion shares. I have no reason to believe that has changed, at all. And if so, then that's great. Yes the conversions over time increased share count almost 20 times, we know all of that, but as far as I am concerned, that's it, done with, gonzo.
Oh well, wouldn't have thought that such companies have the bandwidth, but I suppose in dire straights, maybe that's exactly what they need to do, thanks. It doesn't change my attitude with XCLK but good to know.
Does anyone know many companies trading at this price offer up meeting with shareholders? Has anyone ever heard of a company at this trading level doing this? Probably none? This is a good thing!
Exactly like I said in my previous post, McKea = good ...
Toxic diluters (whom hopefully have all gone away) = bad
Onward and upwards everyone.
You are correct, McKea Holdings has full voting control of the company and has invested very significantly to keep it going. That is a good thing.
It's the divesture that is being referred to, sorry we were not clear:
http://finance.yahoo.com/news/crossclick-media-divest-co-signer-133419260.html
"After detailed deliberation, the Company has decided to reward its loyal shareholders and creditors for their diligence by issuing a stock dividend to each shareholder as of a date to be determined by FINRA. The Company, as of this announcement, has started to pursue the legal path to accomplish this divestiture while it continues to pursue its business model of new media and marketing. The Company stated its Board of Directors are particularly pleased it has resolved the future for Co-Signer.com and believes it has provided added-value to its shareholders."
Also reminder to all of the outstanding share count of 2.63 billion:
"The Company announced that its total authorized stock remain at 3 billion shares with a current outstanding of 2,630,071,594 shares."
Honestly, I dont care that much about the split, sure it could have potential, but Co-Signer had plenty of time to be successful the last couple of years, and from what I can tell was not even close. Not to say that they still cannot be nor that the idea doesn't have the potential, but I am banking on the XCLK business model and not Co-Signer - but I will take whatever I can get!!!
I do wonder what date would be used for share ownership for the split - i.e. could someone have already sold and then get shares, I assume not. I assume one would have to be currently holding shares to be entitled (which you were implying by your reply), which if the case was obviously not enough of a motivation for some, being they announced it at higher prices and the price tanked. Patience in more than one way as you say.
Here is something to consider. What if the 10K is not released until July, yeah, July? Is that going to cause anyone here to give up and sell? I HOPE NOT. DO NOT SELL (I don't think most here would do so). Be PATIENT as painful as it would be if it takes that long to get us news, or longer.
If it rallies before then I suspect some might be tempted to take something off the table. But for goodness sakes, do NOT sell at these levels and as was just mentioned, remember why you bought in the first place :)
Wow, a whopping 3 mill traded today, and you got a majority of them. Talk about dead, but good for you. The time will come though. One of the things I have been contemplating, as mentioning in my last post, is importance of revenues. Now I am thinking that maybe revenues won't be that great in nearer future, that the real revenues are months away due to the election being so far off, I dont know, but I am prepared not to panic if revenues are not impressive in near term. Just a thought.
All,
One thing we want to keep in mind is that Hillary has announced, she is running, and that cannot be taken away. As well, no more or minimal dilution. So with more information than we had per-announcement, that essentially guarantees a market for XCLKs goods (poorly put, you get the point), and so the objection that we don't know if the potential can be realized no longer stands. And so here we are with more information and a price that approaches what it was when there was more uncertainty, this is like a second bargain for those that weren't willing to risk the first time due to not enough knowns. So now with time certainly on their side (till election time), I am thinking more and more that the 10K is irrelevant, and so that leaves one thing - REVENUES. IF they can show revenues at the next opportunity they have the OK to release such information, I see nothing stopping this stock, absolutely nothing.
Think about it: they have been (formally) planning this thing for a year (look back to the July 2014 press release changing their name), probably much longer than that since they certainly didnt put out their first release back then without an entire business plan. Granted there are variables that affected their plan (i.e. hillary taking too long to announce affecting their financial viability and forcing conversions, etc.), they DID HAVE A PLAN and it is a plan that has time behind it, they didn't just "come up with this" on a whim one night. It has been planned. Just read thru release after release.
What we are missing is big revenues (granted we have had some), and I am not minimizing the fact that we don't have that (announced) yet, but if and when it comes and I think it is coming (just dont know when but it can't be that far off (months)), just look out. The company is valued at 800K right now (.0003 * 2.65 billion), that is no typo, just think about it. I'm sure more than one person on this board could liquidate their life savings and buy this company (not that anyone would do that), that's how cheap it is right now, pretty crazy,
Best to all.
Their Las Vegas office didnt move (thats where phone calls go to), but I believe that their CA office did move, that could be what was referred to.
I called them I think two days ago. Usually the same woman (rather not mention names on this site but you can call and ask) answers the phone but this time it was someone different because the normal woman was tied up. I just confirm that things are as busy as could be, pledge my thanks and support and hang up, nothing more than that. Simple and innocent, just one indicator of many I suppose
I've been on board since as high as 3.5 cents, that's not a typo. Bought heavily at .0001 and further this week, now totaling around 190 million shares, and haven't sold a single share.
Also I do NOT have sell orders at higher prices to prevent shorters (I heard more than once on this board that one can do that, not sure it is really true) who are free to short my shares, they may have to pay the price later.
As indicated previously I will sell shares when it rallies in the least for insurance purposes (something catastrophic happens with the company, Hillary, or other), but not near these prices.
I would say that the company is under a lot of pressure (and not necessarily bad pressure - just call the company and ask them if their phones are ringing off the hook for good reasons), but they have stated that they want to make sure what's reported is correct and they are going under advisement of auditors and don't want to get themselves in any trouble. Is that so bad? So while I was looking for maybe one or two specific items that are causing the delay, it could be just an overwhelming amount of financial transactions last year and attention to details. As has been mentioned, this is not a DOW 30 company with waves of accountants and processes in place to pump out 10Ks with precision and on time, this is a penny stock with what we know are limited resources - it's probably killing them (and us). They probably want to just focus on their business and move on with all of this already. Must be darned frustrating. Be Patient folks, easier said than done. Hoping for a bonanza in the long run.
Good luck to everyone, even those with the negative opinions - that's healthy - it's always good to consider all angles and keep an open mind to what can happen, none of us really knows.
I see things haven't changed much here, just the price going down.
I do believe the company is doing the right thing holding off and not providing official data prematurely, that is the right thing to do. BUT man is that painful - I actually wonder when they do update the 10K, will they at that time give a concrete or semi-concrete answer as to what took so long? I would like to think they'd say something, but then again, maybe the reason would never be disclosed and maybe the price will be properly reflected so that we don't care. Hopefully we'll be able to look back on all of this and hopefully have a laugh. But I for one never saw this coming. For those of you that sold for profits, good for you, I hope you also have bought back in because I cant imagine this same pattern happening again.
Good luck to all!
I do think we need to be patient (ha ha, easier said than done). There's a reason that they were advised by counsel to hold back information for the time being. They have a good record for filing (not perfect, late sometimes), but if they were to provide a 10K that had wrong info, and they got called out for it by the SEC or other body, then they could also get themselves into a worse place than where they seemingly are now. So I say, stay the course and things will work themselves out, that's what I am doing.
And I ain't no "cheerleader" (though I have said Go XLCK a few times), and I have the same concerns as everyone else here.
Yeah yeah, I certainly was not expecting the price to ever come back down this low, let alone twice now. Then again, I never expected the yearly report to be so delayed either, nor to not get the first report on progress on May 15 as originally planned.
There are two events in my mind that are important:
1) hillary announcing (thankfully this happened, dont forget, Jeb Bush has not announced yet, so it could have been worse waiting till, well, remember talks of July?) and
2) first progress report. The first progress report is REALLY the first notification of whether this is real or not, all the rest is nonsense. Even the whole bit about co-signer, as much as I believe in co-signer and its potential, it means nothing at this point including talk of the dividend. All that matters is Hillary (and any other candidates that get supported).
So when the first progress report shows revenues and potential, then we can rest better at night again (sort of like when hillary finallly announced) knowing that things will continue to build. Without that report, we continue to flail in the wind.
I don't care how many links get posted here about this and that, legit or not, about Herchel and his 500+ Linked connections, CADEM, co-signer connections to some housing thing in Las Vegas, or whatever else seems interesting for the day. I want to see a report from the company, period, nothing more, nothing less. In some ways, I don't even care about the yearly report at this point (I think others have expressed that), as important as it is to investors (as it should be).
That said, GO XCLK!
AF, thanks for clarifying that. Admittedly I was one that "can't read carefully either" at least in this case, thinking that we had guaranteed news tomorrow b/c it was the 15th, but it appears that we are not guaranteed anything tomorrow. I guess in the long run, tomorrow next week, whenever, as long as whatever news (10K, monthly readout, etc.) isnt bad news, then it's good news based on the opportunities we know they have before them.
While some have flipped and been able to buy back in, I just can't see taking that approach at this point - I just think there is too much of a chance that this could run hard at the time when one least expects it leaving many in the dust. To double or triple my money after all the pain of following and investing in this for so long would be a disappointment. Like you and others, I am holding out for the long run, the big payday, and am willing to go down in flames otherwise :)
Check this out, 10K of my shares were bought at .00058 even though I had the order in at .0006
Bought 10,000 $0.00058 Settles 05/15/2015 9:49 AM 05/12/2015
Bought 590,000 $0.0006 Settles 05/15/2015 9:49 AM 05/12/2015
The market makers are doing something here?
Ah man, this is so darned frustrating !
So I found $375 left in my account and bought 600K at .0006 - less than half a percent of my holdings in XCLK but it shows I am either crazy (b/c I said I was done buying and should stick to my word) or I really believe in this thing. Or some combination thereof.
I really hope the company has a good explanation for this.
I agree with you all about the Click and Pledge site being only a (small) part of the fundraising effort, and so not necessarily a big deal that effectively nothing raised yet, but, as I always like to look at all angles, they did put out an official press release exclusively on this initiative, so they do consider it important enough to have put out that release and they are expecting results from it. While that concerns me, it does so only slightly and we should certainly continue to look at the big picture.
In any case, they did end that release with "The Company acknowledges a core group of long-term investors continuing to develop ...". Hey hey, that's most of us! Take care everyone.
Lets all remember something important. XCLKs job in raising money (versus Hillarys Superpac) is to fight against all the candidates that will be digging up dirt against Hillary. The more bad stuff that comes up, the better it will be. If there is no battle, then XCLK will be a lot less successful. So here's to more dirt!
Disclosure: I am a republican and would never vote for Hillary, but that hasnt stopped me from making the biggest (penny) investment of my life with XCLK. Go Hillary!
Having accumulated very heavily as this went into the pit and back up, I have not and will not be buying a single share going forward regardless of any dips (I see a number of you existing and of course new shareholders are doing so). ALL THE POWER TO YOU !!! IF I were to sell I'll notify here, but it shouldn't be for a while and just enough for insurance purposes and to recoup some (or all) investment.
A couple times they waived the commissions, but they wont keep doing that b/c they have to pay the commissions themselves in placing their own orders. No way around it. Then again, in a relative perspective it will all be moot if XCLK does what we all hope for!
Yes and as I posted before, the only broker that would allow transfer of shares in is IB and their commissions ironically are high for penny stocks (and a steal for everything else). So I am stuck with a majority of my shares in Schwab and can only sell in lots under a million. This wasnt a problem for this stock when it was trading at higher prices but when it hit rock bottom it took a lot of work to enter in all the 999K orders with those $7 commissions per order.
My hope is that they can fix their systems to accept larger orders in the not so distant future OR XCLK does so well that it (healthily) reverse splits to much fewer shares so that wanting to sell over a million shares at a clip is not something I would be doing.
Not to be greedy, but I did notice that the OS count increased by a 100+ mill from the 2.55 billion from end of March. No big deal, though I sort of had hoped the dilution was completely done, like done as of that last report, but then again I had no proof of that. Nonetheless if it can stay where it is, what's a 100 million anyway?
Also it feels good to finally get some kind of resolution with co-signer - after all that's where all of this started from.
One thing to keep in mind with XCLK is that there are multiple "projects" and revenue streams going on at once, so we don't want to get caught up in one mindset of "this is what is going on".
For example, Telepoint is certainly important but it is only a piece of this puzzle. XCLK is setting up their own physical and virtual call centers where they will be getting a much bigger chunk than the partnering with Telepoint. I have read a number of times of potential merger on this board, and while I think that that is way out of the realm of possibilities, I also have no proof of why I think that.
Then there is the differential between what they will get paid for new donations versus repeat donations.
Not to mention the email campaigns and what i believe to be sponsorship and organization of large campaign events (dont know much about this).
My point: keep an open mind as to what XCLK might get themselves involved with during this campaign, it might blow all of our minds. Then again, maybe it turns out to be a boring campaign of calling millions asking for donations - but I certainly hope it's more than that! While making money is exciting, how they go about it could be just as exciting.
Maybe we get a glimpse into that in tomorrow's news?
Man every time I hear these predictions in prices over a penny I shudder. At a dime my shares are worth 15+ million, oh my gosh, I simply can't fathom that, I just can't. BUT in light of everything I read on this board, I will try with every ounce of energy I have to keep an open mind to the potential and hold as long as I possibly can. As I mentioned in my post from this morning (deleted), I can say that going forward will be a lot easier than it has been up to now based on the fact we should have regular updates on how things are going, whereas before Hillary, well, things weren't going (understandably). This means that although we may not be able to predict the price, we'll at least know "how things are going" which is a better barometer than knowing practically nothing and watching a no-bid day after day (man that was a nightmare in and of itself).
Good luck to everyone.
Thanks, it was probably my longest post, but I won't be posting often so get it all out at once.
Excellent points you make, I have thought about some of that. Another point brought up I read is that some will only invest when certain market cap reached, or won't even touch under .001, or the fact that company has never really had much revenue, or uncertainty of further dilution (which at this point may be just the opposite (if any portion of the share buyback can occur)), or uncertainty that Hillary was going to run (which evidently was an uncertainty to some since the price went up as soon as she announced). So I guess a lot of reasons in the end.
To see this appreciate over the next year and a half will be like nothing else I have ever experienced. At this point, baring an accident/incapacitation, horrible revelation with Hillary or XCLK, I see nothing standing in the way of this. The only question is how high. The beauty is that the days of no/minimal information are gonzo, and so the amount that we will have to speculate will be decreasing as time goes on (with a kickoff tomorrow hopefully), which means I sleep better at night!
Good luck to you!
Look, we are really close with Hillary announcing real soon. The day she announces, they will be bringing in bookoo bucks. They will pay off whatever amount of loan is left or at least we are close enough that they can commit to doing so and hopefully avoid any issuances, which would be really sweet for stockholders - I wouldn't be surprised if the dilution is done with - see the press release which essentially confirms that.
And further, there is no way they are going to increase authorized shares, why in the world would they do that?
Now if 1) Hillary doesnt run, or 2) rumors start up for a July or later announcement, then all bets are off of the above statements. In those cases, we may be in trouble, or if #1, serious trouble.
Hillary needs to run, and she needs to stay healthy and have body guards protecting her.
In my opinion, I dont think its DEAD clear yet what all it means, but for time yes, and forever, maybe yes too - that may depend on revenues in what hopefully will be the NEAR future.
Thanks for sharing. Yeah I have been wondering about him. Imagine working at XCLK - these people must be so excited like a pressure cooker waiting for announcement so they can start working their 60+ hour weeks to make this thing a success. (maybe they have already started).
Correct, I complained to the company about the wording of this when it first was released, that it literally was confusing as all heck, literally couldnt understand what it meant, and it continued to be perpetrated, but nothing got done about it. And it continues to live on. Oh well, at least when Hillary does run it will no longer apply and will be removed.
* Correct there has never been a promotion since I have been following it, and that's a good thing, no wasting of money they dont have to pump stock.
* Confirmed no Reverse Split which I have been saying
* Confirmed dilution near end which I have been suggesting
* Maybe the 5th time they have talked about enjoying those incremental revenues - gag me willya
* This is NOT just about the call center technology, though that is probably the biggest piece. Their internet presence will probably be making more of an impact than any of us are imagining.
* This is NOT just about Hillary in the extended future - they are looking at all sorts of campaigns and corporate clients - Hillary will get them the credibility on the map
* CEO not quoted for first time - interesting
* No mention of Co-Signer - obviously Hillary is the focus now.
Wow it's about time we had a press release, just to communicate something. Confirmed that they are completely ready to move forward, no excuses. I do believe this is a really well kept secret and when it moves, it will do so with vigor.
Duh, thinking about it for a moment, we know what these conversions were, the 8-k said that they were for convertible notes. If this was the preferred shares I would think that it would be pretty clearly stated! I should have deduced and stated that with my original post.
No no, nothing of the sort (I didnt say that, I just said it would be nice if it stopped here). Doing that would take an act of the board. I still stand by the premise that it won't get raised passed 3 bill if we do get to that point.
Very interesting analysis ...
So this is in reference to debt that was cleaned up 6 months ago with those Class B shares that were issued to McKea. My guess is that if they didn't assume the various debts totaling 200K, none of us would be here - that amount of debt would probably have taken down the company.
Your theory though of that being converted in to shares, eh, no, i don't think so, not this early and not at these prices. But admittedly trying to read through those documents, is well, not my cup of tea, either, so this is just my opinion and a little bit of common sense applied. I wouldnt think McKea would have taken on that risk without a longer term view and wanting to hold on and make something of the company, it's too risky? No other debt-holders have done that from what I read, they just converted like most.
So, assuming the numbers reported today that go thru (end of day?) Friday are valid (and someone has evidence to suggest otherwise) ....
March 7 - Mar 27
880 mill traded (source otcshortreport.com)
715 mill issued (todays 8-K for above range)
About 165 Mill shares traded BEYOND the issuances, though we can't assume all issuances end up getting traded? For example some of todays traded shares could be part of Fridays issuance, or not.
BUT IF most to all issuances were indeed traded, then that would explain most of the volume during this time as dilution, leaving minimal selling for loss/break even (since price is at rock bottom) and some flipping that happened between .0001 and .0002 (not much though from what I could tell).
And while dilution may continue, maybe it won't, I don't think we really know. In any case, what these numbers show is that when dilution does stop, there is a lot less resistance to share price increase since people will have to buy existing shares and not from some endless supply of newly issues shares. The upside potential is that Hillary announces, and remaining debt is paid back with revenues, and we dont even reach the 3 Bill.
Pipe dream, maybe, but sorry if I seem too optimistic for some of you, but I am trying to have a positive attitude here.
People (like us) are buying these shares and keeping a bid even with 715 million diluted this month, I take that as a good sign.
the worse you should lose is one commission (i.e your fill is so small that the commission is a good part of the price of the fill), b/c if you have multiple orders I would think they would be obligated to fill one at a time, and if not, you could probably complain for refund.
Yes, they can get ignored, and I am not even sure they show up on level 2 (I don't have level 2 to check) - they certainly dont show up as part of the top bid.
My early orders were filled, but not the one for a mill in the afternoon that sat there from 2:30 onwards to the close. I have no idea why and I would not even waste time calling the broker for answers b/c there's nothing that can be done with penny stocks.
Is the ask really the ask all the time, hell if I know. Is the bid really the bid all the time, I don't know.
I believe all what you are saying to be correct. Hard to have faith after this stock has been beaten down so much, but I have had enough faith to keep averaging down. I ask the question, what could possibly go wrong here? Hillary announces, lots of revenue. Is there more to it than that?
Unexpected surprise corruption, not enough revenue to cover expenses, Telepoint getting the lion's share of profit, further dilution, Reverse Split, investors simply ignoring growth for no reason, flippers keeping a lid on it? I keep looking for the big reason or a combination but cannot find enough evidence to support one.
Time will tell and that cannot be sped up.