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.
Wow this was $2 about 1 year ago, what happened it get delisted or mega mega diluted?
No income, no gold, pay vendors by share issuence, yipee real exciting co.
Looking right, not a surprise to me though.
That is 100% wrong, the company can choose full disclosure by their T/A.
Un gag the T/A if nothing to hide! jeez just do it )-
Un gag the T/A then, let people find out for themseves!
Why ? they have no gold or any assets.
Whatever caused it ~98% down this year is shite, and probably under handed.
Surely by now you know that almost everyone knows you can't short pennies,that's an old myth now.
But hay hay, go ahead load the boat.
Merry XMAS.
This shouldn't trade it's down ~98% this year, if that doesn't make it a dilution stock, I don't know what does.
And still no gold, or anything what so ever of value.
Not selling much now hehe, people are wising up (-
Ouch it's its getting close to their strike price, hehe.
Wow a whopping $203 traded today, lots of skim and scalping opportunities, lol.
Seems very clear to me, the document stipulates covertible At Any Time.
I concur, if it seems shady it probably is.
I think people would if they knew who call, lol.
Check this post at the bottom #88474
Most shareholders would pay $10-20 to get current info.
Some of the TAs charge the company for every time a shareholder calls in to check the current SS. Perhaps they are using the TA that they are simply because it's cheaper.
It certainly seems that way, some defenders here have said things as feeble as, the T/A charges for phone call updates.
I would pay $10 to get an update.
In this case they might be their own T/A, lol.
They might have been hitting the MKT for a while, max shares would end up ~ 2.25B
They will try hard for an RS but I don't think it will be approved,I sense it's close to the end for this one.
T/A's should never be gagged IMO !
Other than fiat currency going down the crapper, (which it should) and them actually finding gold, nope.
It could be as high as 2.25B if the E series have been converted,
the PPS has been going down a lot, usually indicates dilution.
Without a TA update don't know.
750 A/S last historical confirmed..............
100M E shares issued in Aug 2012 convertible At Any Time to commons 1:15 = 1.5B more commons potentially.
Typical penny land smoke and mirrors basically.
Until another T/A update, census is between 750M - 2.25B commons.
That depends on who answers the question, lol.
Problem is the TA rarely updates!
Read the last 20-40 posts, the conversation has been on this subject.
And there are still 56,000,000 convertible at any time, major dilution and then an RS seem inevitable.
The agreement in Aug 2012 shows 60m series E convertible At Any Time, that alone increases the commons by 60x15 = 900m
There is not a vesting period, so how can they convert without the A/S COMMONS increasing, smoke and mirrors.
Wow this dilution turd still robbing people.
Thank you, do you know when the share structure was last reported by the TA?
TIA
When was the share structure last updated by the TA?
It certainly looks like dilution has been occuring, who else would
have been selling so many cheap, other than someone with a low strike price, 15:1 will do that, lol.
These pennies are as good as Houdini at hiding stuff.
All of these actions ultimately filter down and are shown in share structure, covertible notes, preffered shares etc is where the commons lose.
A gagged TA is the biggest red flag, and should be illegal.
Who instructs the TA not to release the current share structure?
It should be illegal for the TA not to release the current share strucure, there is only one reason to keep that info unavailable.
Plus the TA does not update frequently, the E shares can be be converted at anytime as the filing stipulates, 1.5B commons.
Why won't the TA update, hmmmm thats all you have to ask.
Correct this is why the TA will not give updates frequently, so it is not possible to know.
Filing below shows 100,000,0000 E shares created, convertible at 15:1 to commons,and it stipulates at any time, 1.5B of commons.
http://www.sunbiz.org/pdf/38776561.pdf
I can't believe that the new attorney is not smart enough to explain to Marc that the A/S must be raised to accommodate the 15-1 conversions.
He must know the entity who did the E share deal would have stipulated that, and it's in the GDSM filing, 15:1 conversion dated Aug 16th 2012.
http://www.sunbiz.org/pdf/38776561.pdf
No wonder the TA is gagged, this sort of info is never available before the event always sometime after, when it's too late for the commons.
A lot of Q stock continue trading when its over, especially with Chapter 7 as it doesn't give provision for a restructure.