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This stock is going south. If you can read look at the finacials the TRUTH is there.
You can remove my post but it's all truth!
"I'm not upset that they lied in the beginning, I'm upset that from now on I can't believe them."
We completed our initial public offering in 1992 and reincorporated in Delaware in 1999. We began selling stationary fuel cell power plants commercially in 2003. (2003...That's 18 years ago)
After reading "again" the last 10Q. If it were not for this being public and selling stock, convertible debentures and warrants to the public. This would've been gone a long time ago.
The only people making money are stock secondary offering sales and convertible (inticement) debenture holders.
The next 10Q will show more of the same type negative EPS.
Market cap is grossly overvalued.
It time to play "how much will they lose on Tuesday?"
Citigroup reversed now its $70
Can reverse stock splits be a signal to sell?
If a company in your investment portfolio announces a reverse stock split, you might wonder if or how you should react before the split takes place.
"Just as stock splits are a sign that a firm is thriving, reverse stock splits are an admission of a struggling firm — a huge red flag," said Robert Johnson, a chartered financial analyst and CEO at Economic Index Associates, in an email interview.
A 2008 study that looked at reverse stock splits from 1962 to 2001 backs up Johnson’s assertion. The study, conducted on behalf of the Financial Management Association International, found a "significant downward price drift and significantly lower earnings and operating cash flows" in the three years after a company’s reverse stock split. This, the researchers said, suggests the market tends to underestimate how poorly companies will perform post-split.
“Just as stock splits are a sign that a firm is thriving, reverse stock splits are an admission of a struggling firm — a huge red flag.”
Robert Johnson
Steve Sosnick, chief strategist at Interactive Brokers and a former trader with Lehman Brothers and Morgan Stanley, says investors would likely see the warning signs early on.
"Presumably, an investor would have noticed that the stock in question was already acting poorly, but if not, the announcement of a reverse stock split is usually yet another significant clue," Sosnick says.
But there are, of course, outliers. Citigroup is often used as an example: In 2011, the company underwent a 1-for-10 reverse stock split (and also reinstated its dividend) that brought its shares up from around $4, technically considered a penny stock, to over $40. Though the share price has bounced around over the years, it never again veered toward penny stock territory and was trading in the $70 to $80 range before the pandemic hit in 2020.
The split came after Citigroup reported in 2010 its first year of four profitable quarters since 2006, highlighting an important consideration: If a company is improving its earnings and cash flow, and is committed to making further improvements in the future, a reverse stock split may not spell disaster. But that may be the exception, not the rule.
Market cap 1,800,000,000 billion
Revenue 18,000,000 million
Cost 18,000,000 million
40 years later
Price per share target <<<downward>>> another $1.00+ near term
.48 the number....to load in Thanks JOHNNIEBG!
JOHNNIEBG you don't want to lose the listing. Companies all do reverse stock splits when their broken. So, get it over with now who cares.
If the stock drops afterwards even a better deal for the stock buyer. Better than paying 100% premium over cash like now
If these guys are doing a reverse split with out a deal on the table I would think 10 for 1 minimum and increase authorized at the same time. Then it would go from 906,000,000 to 90,000,000.
I think a 100 for 1 would be better don't you. 9,000,000 shares is a better jumping off point.
.61 x 100 is $61.00 per shares. Then it would have a cash value of $30.00 same deal virtually today and no ticker loss.
And never use logic, they'll run you out on a rail if you use that.
Question? What filings have been updated?
EDGAR shows nothing.
https://www.sec.gov/edgar/searchedgar/companysearch.html
The OTCmarkets collect a fee they really don't regulate anything. So. What's all the hubbub about on everything is current?
Simple question....
Oh you got me there. Maybe they've hedge their position? They got 6 ways to Sunday to do that.
The put options are in large sizes all dates. Being this was a SPAC deal no one ownes cheap stock or the would've dumped it. Doesn't look good with 3.5 months and more operations cash will be needed.
OMG they have a hydrogen buisness?
One other question is....these investment bankers are giving a company money that doesn't need money.. don't you find that a little strange?
Most likely their warrants are net-issuance so they really don't pay to exercise. They just take less and use profit in-between to covers the cost.
I see no reason the IB's are buying and having shares registered by the company.
What incentive does management have to do a deal? So, they find one and their out of a job? Has anyone read their employment contracts?
$29 to $6 to $1.00. Just guessing.
My guess the 4 that wrote positive spins were underwriter analysis post offering and one was independent. The independent writes with a monthly subscription base following so he has to be right or his readers won't buy from him.
It WILL happen....hold-on, be patient, hold-on and when it does be quick. Have your limits set in advance. Then let your gambling money roll with the dice.
Yeehaa!
JOHNNIEBG, just help using your charts if they work for you that works for me. And, it reminds me charts are proven tool of the trade in "making money in stocks"!
CANSLIM
Its a $6 penny stock.
FCEL has virtually no upside benifits in the near and the long term this company will require more capital and debt financing to continue operations.
Again, 40 years of more capital required.
This is a crazy play.....Stock longs/shorts/options its crazy.
Good intelligence. So, adding warrants would take this to 906,000,000 shares issued and outstanding and authorized at 950,000,000. Is this correct?
If that’s the case then....They have to increase the authorized simultaneously to a measure of value ($270M + EBIDA) on the deal coming in to work. The reverse split with is accordingly to those terms, unless it has no real value and is based on WISH value.
Market value will be based off the real EPS value + potential “WISH” value.
Right now this deal is trading at 2X’s cash. With 45 million shares left in the till to work with 950K authorized correct? Figure 10 for 1 reverse minimum. All depends on the deal coming in and most likely will have nothing to do with apparel, it’s too boring.
I'm just guessing so good luck.
I can see the deal-guys sitting around reviewing deals. Then, one of the junior guys finds "THE DEAL", it's a trillion dollars upside deal and makes Tesla look stupid. The only problem is their fee's? So, they keep looking and looking and then they find the deal and what do you know, everyone gets chopped but them.
If you're not in the room. you're not in the deal, the old saying goes.
Just kidding there's plenty of room to make something at these prices. But, you got to be quick.
This is a game anyone can play its called "OPTION-MANIA!"
It all went into Bill Gates, Stevie Jobs and we shouldn't forget Warren Buffett pockets, thank God for him. Warren took insurance pool money and bought triple AAA securities rated by moody's rating services which Buffett Controls. The only way I think he could do that was to cut a deal with the feds where he'd buy Treasury's too perfect world. BUT, did the insurance premiums ever go down for the people in which he use thier money? Nope!
His wife said in a interview, I believe was her first and last "thank God he found that company. Because he was determined to be successful."
Good for them though, I use everything they created. Because it all happened in my lifetime.
At this rate of growth it'll be another 40 before this stock price makes any sense. Chime in if you have a different view. But, 40 years and license revenue is at I don't get the stock price. $18M revenue and $18M cost of revenue Where's the meat on this deal?
$2,000,000,000 billion market cap. Come on??
Maybe Kerry and Gates have a plan to get all the countries who bought thier oil with US dollars since 1975. To do what now?
Dollars use to be silver and gold.
Then, paper gold backed.
Then bond gold back.
Then fiat, oil, SWIFT, backed.
Now nothing except a bunch of woke nutcases backed.
Kerry and Gates don't care about America their globalist.
I would think so . Looking at the team they have I'm thinking they must have connections or why would any of these guys/ladies waist their time on an OTC company and go through a hassle of raising money then why convert options at .38 cents. They must be doing something- Time will tell. But the drone technology looks very promising. And the stabilization Patent can capture some civilian interest too I would imagine.
I Agree, maybe down a little until....lift-off.
How do you short squeeze 700,000,000 shares? Now with Tesla it could be done. Because, I believe only 5 institutions owned the float and if one sold he had to find a replacement. Sort of scammy "I think" but it's the only way to explain what we all could see play out.
I'm just guessing.
This deal who owns the blocks of stock? Start adding it up.
If I could add a little input. Ive make investment and sat for a year +, then all of the sudden interest starts to shows up. From my understanding on this deal, they did a raise and currently have $3.9M+ in the bank. Just received a stabilization patent approval is June 2021 and management has been exercising options at .38 cents. I do see active warrant at .40 cent but they bring in more money and I believe they are not net issuance which is good (please look I'm going by my memory on this). But, all UN is seeking munitions that are in this category (Drone). And, if you look at the team in place, they all seem to be very capable for their job positions. So, if it dips I'll personally add more.
Unless the US dollar goes bust and the world go Crypto's or want to use another currency backed on Lithium or fractional gold.
I have to say this deal at these prices make sense to me.
I don't get it.
So, they did a deal with themselves? Then their going to expanded the building to make room for this?
What am I missing?
He’s a few questions to ask on the zoom meeting!
1. Is Frank Ikechukwu Igwealor a Finra Broker True? https://brokercheck.finra.org/search/genericsearch/grid
2. Drone Guard Ticker: DRNG Loans were made period ending date 10Q 7/31/2018
3. Drone Guard Ticker: DRNG 8-K CFO quits period ending 12/16/2018
Source: OTCMarkets.com
Drone Guard Ticker: DRNG Increase shares to cover debt 2 to 5 Billion shares period ending 12/31/2018
Source: OTCMarkets.com
4. Drone Guard Ticker: DRNG Debt converted for Chicago Venture Management LLC loan John M. Fife SC 13G/A filed on 8/15/2019 Is this the same group that is under sec Investigation? https://www.sec.gov/litigation/litreleases/2020/lr24886.htm
https://it.thebasilelawfirm.com/chicago-ventures-class-action
5. Drone Guard Ticker DRNG A 15-12g filed on 11/18/2019 Question was there any debit (within 6 months prior to this filing) covered to equity and at what price? If so was there any sold after the filing of the 15-12g?
Source: OTCMarkets.com
6. Another public company called Labwire, Inc. Ticker: LBWR look at filing dated 7/09/2021 - Change in control over to Robert E Altermatt and frank Igwealor in a company called Alpharidge. So, has there been a working relationship between these two parties and how long? Because, of the announcement by Video River Networks on 7/15/2021 seem like Video Networks is so excited like Robert E Altermatt was brought in out of the blue with no mention of a working relationship.
On 7/15/2021 Video River files 8-K https://www.otcmarkets.com/filing/html?id=15092779&guid=rd49k6XpGGKOP3h
7. Is this same Frank Igwealor? A simple Yes or no will do.
https://unicourt.com/case/ca-la1-bank-of-america-na-vs-frank-igwealor-1642675
https://unicourt.com/case/ca-la1-bank-of-america-na-vs-frank-igwealor-1642675
https://unicourt.com/case/ca-la23-maria-de-lourdes-perez-vs-frank-igwealor-et-al-346473
Look everyone has troubles in their life. But many claims on this Board post how they know this guy is some kind of financial guru. Why are they doing this? Unless it goes back to question 4 are these poster John M. Fife’s groups or it's a different person entirely?
8. Last question where did the 1.796 billion shares go?
Remember these questions are all information available on the internet:
Sources:
FINRA
SEC
OTCMarkets.com
The Basile Law Firm P.C
Investorhub.com
Just say your an American republican and you own NAKD. The entire MSM will trash this deal and you have your entry-level.
40 years that's how long everyone's been waiting for profit!
Also, 63,000,000+ shares have just gone effective, 2 registration statements. If they do a deal right now the registration will lock them up. So, they need time to blow those shares out.
Unless the SEC rules have changed?
Their watching.......so be good!