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That is absolutely fascinating. With such tiny (let me qualify with the word relative) dilution, who in the world would be selling at these prices. Just on speculation alone I cant see why anyone would want to sell, and as was pointed out yesterday, the amount sold short was only a portion. That leaves people simply getting out of the stock. Interesting.
Well, that's good, BUT, it feels like a ticking timebomb with regards to dilution. That is, when the notes come due, the share count can just jump as the lenders are entitled to their $, just like it has been doing for the past few months. So, I would just implore the tar out of the company to stop it, I have no idea how, but to just find a creative way to stop it till they can get the big revenues into the kitty.
Guys guys, the (unfortunate) dilution is old news. They had to increase the authorized shares to 2.99 Billion so that debt conversions could take place. Note the reference to NSOS as well, so it is real, but already known. Also, that is authorized, it is not outstanding, yet, that will take time if it happens.
Here is from the proxy statement from 10/10
"The enclosed Information Statement is being furnished to the holders of record of shares of the common stock of Cross Click Media Inc., a Nevada corporation (the “Company”), in connection with our prior receipt of approval by written consent in lieu of a special meeting, of the holder of a majority of our voting securities of an amendment to our Articles of Incorporation (the “Amendment”) to increase the number of authorized shares of common stock from 450,000,000 to 2,990,000,000.
On October 8, 2014, the Company obtained the approval of the Amendment, by written consent of a stockholder that is the record owner of 26,555,560 shares of common stock and 1,000,000 shares of Class B Convertible Preferred Stock which represents an additional 3,000,000,000 shares of voting power in common stock or 93.12% as of October 8, 2014.
The filing of the Amendment with the Nevada Secretary of State will become effective twenty (20) calendar days after the mailing of this Information Statement."
My opinion is that we are in race against time. If the company can get the revenues up with Hillary campaign and pay off some of this debt, then certainly the potential is there.
All the things you mention are GOOD things and will help for sure.
The one thing that is not completely true is the debt piece. YES that debt is extinguished (for a ways into the future), BUT, there is a lot of other debt that has and is coming due with conversions, and THAT has what has balooned the share count (last checked around 430 Million - you cant trust the numbers on this site b/c they are not updated regularly - you have to contact the transfer agent or the company for those numbers which others in this forum have graciously done). So as I have mentioned in the past, even when the company is successful, the share count can keep a lid on the share price. Hopefully the company can come up with a solution for that, but I have no idea what that could be.
OK, OK, folks, we have a LONG LONG LONG way to go. I sincerely hope that this is the start, I really really do. The pain seeing this come down so far is unbearable, but the joy to see it rise all the way back will hopefully be exciting. Hold Hold Hold!
Sorry for the sarcastic attitude, anyone want to wager that when we get the upcoming quarterly results, that they announce, say 200% increase in revenues and that everything is going great in preparation for Hillary, bla, bla bla, the stock price remains unaffected and volume muted? It can't keep going on like this, but until Hillary announces, big-time revenues will be difficult to achieve, and I think that's what we need. BUT, anticipation of that coming should have raised the price by now and in fact should have prevented it from dropping as well. I know, dilution, dilution, but there should have been buyers in the fray that prevented it from getting so low.
This is NOT a pump and dump. It is the real thing. Admittedly the price has been pushed down due to severe dilution but that will end. When the company starts bringing in millions for Hillary, there is only one direction this can go.
Which would you rather own, AMZN with a 50 cents loss per share trading at $290/share with 463 million outstanding shares, or XCLK at .01/share (low-balling here) with say 400 million shares and an actual profit. Just food for thought.
Dont forget, the co-signer deal, whatever it turns out to be, will surely bring in something relevant to help.
I dont know, but I am done buying at this price, it's gonna have to be up to others at this point.
Well, what a gift, picked up another ~ 3 million shares, 2 mill at .0004. Granted the ask is a bit scary right now, but when it changes, it will change quick as we saw last week. What I don't want to be doing is buying on the way up though I understand that that is likely a very valid strategy for many who are watching or will come along later.
I ask myself, would I rather be early now at these prices, knowing that it could drop to .003 or .002 (as hard as that is to believe), knowing in a few weeks or months it could be at .01.
the problem with this stock has been that "good news" has not had the effect that it should, even with the dilution that has occurred. That will change, assuming Hillary announces to run. Once the serious revenues come in, the stock has to move, it has no choice. Just think about it, the presidential election and all the drama that will surround it over almost two year period. And it's recession-proof or boom-proof, doesn't matter what the economy is doing. This says nothing about the co-signer deal, whatever that will be - that is what this company was all about up to recently, and you can be sure that even though it hasn't been profitable, it surely has intrinsic value based on years of developing that business which addresses a huge untapped market.
At this price, it's an absolute steal, especially if you are getting in now vs. many of us at much higher prices.
I'm a big buyer Monday if the price can stay down, which I hope it does :), otherwise, just hold for the ride.
yeah, had an order in for almost 4 mill shares at .0004 which is an absolute steal, but it just couldnt get filled today, which is what it is, looks like we finally have lift-off. this thing will go bonkers, just never anticipated it would start from such a low price in a zillion years. Hopefully the up direction will be likewise.
Yes, I would take out the whole lot easily, but I wont have the money to do so until tomorrow's trading day. With the way things are going, I'll end up getting them at .0003 when the bid/ask drops again :(. As I have said before, either absolutely brilliant or absolutely ludicrous, only time will tell. I wonder if this could actually go to .0001 with the decent PR that has been released lately.
Enough days to attempt to wear away at investors like ourselves until we give up and sell, not.
I find it fascinating that with such great PR there isn't even any activity on the stock, good or bad (expecting good). Maybe investors really need to see reported revenue (even though the PR already indicates its there) before this moves significantly, or maybe a lot more revenue than has been made up to now needs to be reported so that investors don't think it's just a pipe dream or blip.
All I know is that I hope I have the discipline to hold most of my shares at least until target .03 (3 cents, not a typo, that's 50x current price) or greater is hit. Not going to be easy knowing myself.
Hmm there doesnt seem to be a clause allowing for the loan to be repaid without stock which is too bad, if we assume they will actually be profitable in not too distant future. But this doesn't seem to be part of the terms, that is, it seems inevitable that another 250 Mill shares will be issued at one point. If the shares are valued right around where they are now, that's 250K, not much more than the loan. If its a cent, then that's 2.5Million dollars, which is pretty darned good return on such a loan. And for even higher stock price, like .10, they make out like bandits. So I guess the answer is that there is no way around it, that these will turn into shares. If it is 2 years as you mentioned, thats a very long time into the future. I dont know how the anticipation of that many shares hitting the market so far into the future plays into the stock price over that long time period, it's obviously got to be some sort of drag as time goes on.
Regardless, the "market" doesn't seem impressed by this move, well, sort of like the previous X (fill in your own number) press releases. Maybe they should release some really bad news, that should help, isn't that the way it works sometimes?
The big buying has to emerge, it just has to, I simply do not understand why it is taking so long. There must just be so many shares being converted that we cannot count - I can't imagine the sellers are making much money selling at these prices. I just got my last amounts at .0009 - .001, either very sad or absolutely ingenious, time will certainly tell.
While XCLK has been pulverized to death beyond what some could have ever imagined, no thanks to new shares dumped onto the market, as well as the stealth nature of the company's reporting, when Hillary announces her candidacy and the donations starts rolling in day after day, week after week, month after month, XCLK will go bonkers, regardless of who's running for presidency or what the economy is doing (good or bad). That says nothing about what other deals that could be happening in parallel (I don't know what they are, their PR is still a bit nebulous but that has to clear up in time). 30 - 100x current share price is not out of the realm of possibilities as long as the share structure can be stabilized. That says nothing about the Co-Signer side of the business (which looks like it will be spun off / sold in some way per the snippet in the PR last week and that might also be good news, we'll have to see).
Stick with it, and don't "sell out" on the first few pops, as tempting as that may be to do, and miss the long ride, isn't that the ultimate dream of investing in a penny (sub-penny in this case) stock. Nonetheless maybe there will be enough info by that time (most importantly actual revenues and not just talk) to keep investors vested from doing so. Get your shares now while things are still relatively quiet and the toxic dumping comes to a completion. Don't forget, while the selling has been absolutely brutal, and the PR has not had the impact one might expect (send price up), there have been buyers swooping in to take advantage of these bargains and for a few thousand dollars you can buy a ton for your portfolio.
Them my 2 cents (no pun intended - hopefully that will become a reality and much more)
WANG: Here's a question for you and others. If the convertible note seller(s) were smart (and I ain't saying they're not!), they would literally disappear for a while and let the price come back up as buyers emerge (since there are fewer to no major sellers left) so they could sell at a higher price. Sort of like the movie "Jaws" where you literally never know when Jaws will strike again. I mean, what is the point to sell at such a low price when surely it will rebound to some degree from a technical perspective (and maybe even soon), let alone a positive news perspective, even though they probably already have a "base" profit from the original loan no matter how low they sell at.
So I ask, how often have you seen that happen and to what degree? My guess is that the answer is all over the place depending on who the seller is, their past history, their financial condition and other deals involved with, how much they kept for later selling, what other notes are coming due, etc., TOO MANY factors to consider let alone limited knowledge of these specifics from the buyers side. But while I understand the risk of asking such a question and getting generalized answers, I still ask the question and wonder what yours or anyone else's experience is (even if ultimately in this case my suggestion turns out to be what happens, or just the opposite or something in between).
I guess I dont know how shorting works exactly, but to your advice, I just put in a sell at 1 million shares at .03 GTC to do my part.
Actually, I saw it very clearly. And my point still stands - spin off a new company, sell a company, give a dividend, do this, do that, none of that is trivial to do and requires a lot more paperwork and potential deal-making and negotiation in the background than can often be predicted. While the "intention" of smooth negotiations, quick paperwork, etc. may be the ideal goal, reality does set in, and so in fact while things may even be moving forward on schedule, it also may not be, and making announcements in that case would be premature, that's all I am saying. Nobody can know for sure how long something can take especially with many factors out of company control, and as I said earlier, limited resources. Along those lines, the company may have been a bit aggressive in their announcement of timelines also, without giving enough wiggle room and room for error.
Just a reminder to those of us who may get a bit impatient waiting for news and expressing it in not so nice-spirited ways on this message board, turning a company's direction in a major way in a short period with limited resources is not trivial and is subject to many factors outside the control of the company. The intention to provide news sooner than now, whether a pipe-dream or a well intentioned possibility, while open to debate, is not that relevant. What is relevant is the fact that they did have the guts to be brutally honest about the risks, having given any of us the opportunity to sell out at prices higher than where it is trading now (almost .03 I recall). I am not saying that that would have been the prudent thing to do, as nobody can predict the price of these penny stocks, but simply that the company did openly share the risk and probably revealed as much info as they could at the time. Similarly, having to continually make press releases on progress is probably a huge distraction, again, given limited resources, and may not be in the best interest of the company or even us shareholders.
Quote from press release on 8/11:
"As it undertakes its planned new Cannabinoid operations, our Company will be subjected to extreme competition and in comparison will frequently have less brand name recognition, operational, personnel, and technical resources, capital financing, and cash flow. Any investment in the Company's securities may be considered volatile and speculative and carries a significant risk of loss. The Company currently is a development stage company, requires additional capital investment for operations, research, marketing and other uses, has yet to prove its new business model or provide proof of concept, and thus any investment may be considered very risky. The Company may be unable to obtain any additional capital on favorable terms or at all."
Unbelievable, with such great news, actual revenues, and absolutely no movement on the stock, I just don't get it. You'd think that a dead cat bounce would be happening by now, even with no news, let alone an all out jump on such news, but it's dead, it makes no sense. And the excuse that it is under the radar, well, maybe, but anyone trading has access to these press releases and they have had all day to jump in (and ensuing days), but nothing.
Maybe with so much debt it will take proven revenues in the next quarter 8-K to wake people up, who knows.
Those of you that might be holding stock in transition due to symbol change, if you actually pick up the phone and call your broker, they will likely be able to do whatever you want behind the scenes when their online systems are limited, and you can probably request the online rates as well, as it is not "your fault" that the systems are not able to transition fast enough.
Most people probably cant sell due to their brokerage holding the stock as a non tradable CUSP symbol. Once that clears (today sometime or tomorrow), the real selling and buying will begin. With no sellers, there cannot be buyers.
The float is 97 million
http://finance.yahoo.com/q/ks?s=IDST+Key+Statistics
Obviously this stuff can be wrong, but it isn't 2 million!
Please stop it with the 2 million shares float - it's closer to 100 million, still reasonable though, but 2 million really, there's already been 4+ million traded today.
Looks like HerbCentral.com has gone live in the last couple days instead of the splash screen that was up for ages. Maybe this points to the news that folks have been looking for, or, just some more hot air.