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You're kidding, right ?
Fibanotch, did you talk to him or not ?
Yes 300 and not 800.
800 million shares ? That is a wrong number.
New day - new chance for a new PR. Lost 90% of my investment. Can't get much worse. Wrote it off. Surprise can only be positive.
Fibanotch, so you did NOT talk to him ? In case you did, I'm not asking about what. Only interested if you did the past days so I know he is still there. OK ? Thanks.
Accumulating quietly ? I don't share your opinion.
We all hope things are going well at the company but we don't know since we can't reach the company to communicate. We depend on a good PR but don't know when and if it is going to happen.
Communication is a big issue here.
New week, new luck or new low ?
What new filings are you talking about ??
A sign of life from the company is what makes the difference between a good management and a bad one.
Let's hope for a PR today. Only with a PR we'll know more about the future.
Too bad I don't have a email address of the company. I'd love to email them. I would email them e.g. the following :
Staying long term pays out as long as the company, the patent, the business plan and its execution are real and last but not least the officers play honest and fair.
Would you answer all of this with YES ?
I think the next Press Release from the company is very important.
Currently no faith at all in this company. That picture could change with the next PR. Of couse it also can get worse when the PR is a fluffy one but then I think it would mean game over. Curtain down. Elvis has left the building. Understand ?
So I hope for a good PR and I hope to get it soon. Soon means before End of September.
A good PR is one with :
- A strategic partner
- Name of law firm going after those infringing the patent
- Clear and straight communication regarding DILUTION
- Conversion rate for debt
Staying long term pays out as long as the company, the patent, the business plan and its execution are real and last but not least the officers play honest and fair.
Would you answer all of this with YES ?
I think the next Press Release from the company is very important.
Currently no faith at all in this company. That picture could change with the next PR. Of couse it also can get worse when the PR is a fluffy one but then I think it would mean game over. Curtain down. Elvis has left the building. Understand ?
So I hope for a good PR and I hope to get it soon. Soon means before End of September.
A good PR is one with :
- A strategic partner
- Name of law firm going after those infringing the patent
- Clear and straight communication regarding DILUTION
- Conversion rate for debt
Very optimistic. Doubt you are right but what do I know.
Keep dreaming ! Too bad there is no email address to right to these guys.
Cancelled my limit to buy at 0.005 . Think it goes lower. New limit to buy at 0.003. Bigger size.
Too late for me to sell. 90% down so the last 10% don't make a difference.
News today ? Hope so.
At 0.005 I'll buy some more. I'm not much convinced that it is a good idea but compared to what I bought before it looks cheap. So it is more eye than brain driven.
Today is not the day. No news and therefore no volume.
As I said before it is better we know about the DILUTION than to speculate why the big drop did happen. The DILUTION is massive. How desperate must the board be to agree on such a DILUTION ? Is this company run by the right people ?
Only the future will tell. Without inside knowing nobody can tell. Personally I hope for news this week. News that will give a few answers. We'll see.
"Mind blowing" is not one of my expressions. Read through my posts. You will not find a term like this in my posts.
I do not know why Obama was mentioned in the PR.
The PR was not a bad one. It explained the way TCPS wants to go.
It mentioned the Patent and the Lycon Chip. These are the two assets. I expect TCPS to imform shortly about which Law Firm is representing them regarding Patent Infringement. Then I expect them to name a Strategic Partner regarding the development of the Lycon Chip. Then we will see. Unfortunately the DILUTION is a fact. The DILUTION is very heavy and the conditions for sure not very favourable. But it is on the table now and we don't have to speculate about it all the time. Better times are ahead but I don't see it going back to 5 cents anytime soon. I hope to get my money back but the dream of making a fortune with this stock has vanished completely. 2 weeks ago I had this dream.
The lower it goes the less sense it makes to sell. The selling should come to an end this week. The upside is limited. There will be always a lot of selling into any recovery.
A surprising PR could change this.
No, it is a real firm with a real plan. I'm sure about that.
Negative / Realistic . Where do you draw the line ?
Last time we didn't know about DILUTION.
Comparing apples with pears is a bit difficult, isn't it ??
-Name of law firm representing in case of patent infringment.
-Name of chip manufacturer for cooperation regarding Lycon technology
-Further info about debt conversion
-Name of strategic investor
At least the bad news is no longer a secret. Heavy dilution to clean up the balancesheet. Didn't seem that they were able to find a strategic partner. Giving 200 million shares to a strategic investor for $10 million would have been smarter than using 200 million shares to convert ~$4 million in debt and raise a bit of cash.
To bring the Lycon Chip up and running will require cash. Lots of cash.
To fight those infringing the patent will require cash. Lots of cash.
Finally if you think Spitz, Kagel and Pignatello are working for free you are very much on the wrong way. I expect them to be very very generous rewarded with options and shares.
Before we see a single $ of income we have a long way to go. I expect the 10'000'000 preferred shares and the 300'000'000 common shares not to be enough. We might end up with a float of about 600'000'000 million shares by mid 2014.
Let's see what PR they have for us today. Yes, I expect one today.
And how many common shares for 1 preferred shares ? That is a multiple.
Once all debt is converte and cash raised then a reverse split will take place. 20:1 ? This way we'll get a float of 50 million ? Then a new private placement to raise more cash.
Guess what compensation the officers get ? They don't have to fear dilution. Always the same.
1. Majority of debt will be converted. Not all. Not yet.
2. Company has no liquidity. Has to raise cash by issuing debt.
300 mio. is just the start. Done piece by piece. Salami strategy.
Well, right now you have about 10 mio shares. That is about 10% of the company. They gonna issue another 800 mio. shares. Then your position is just about 1,5% of the company. Your piece of the cake is much smaller.
ilovestock85, I was very positive about this. Bought 0.5 mio. shares. I'm deep under water. I know you have a huge position. Just want to tell you be careful. There is big dilution going on. You should wait buying more until you know the conversion rate of the debt. It could be way more negative as you think. The debtholders are not just smith & miller. The debtholders are people close to Kenneth Orr. That guy is a shark. He dictates the conditions. Watch out. Accept my advise as a honest and with best knowledge.
Guess why they don't tell you the conversion rate.
I guess $1 million = 30-50 million common shares.
1 Debt agreement for $1 million. There is another $25 million debt waiting.
The preferred shares have a lock up period. Then they can be converted into common shares. To hedge your risk you sell the common shares short today. Borrow them through securities lending and as soon as the preferred lock up is over you convert and return the borrowed shares. That is what the debtholder did with a part of his preferred shares. The short position will vanish in a few months without any buying pressure. No buying needed to cover. Just a convert from preferred to common.
That is a common strategy when you do a financing. Otherwise you run a risk that the pps is much lower the day you can convert.
$1 million converted. What about the other $25 million ? I guess DILUTION is just about to start. Once debt free this company has a float of about 1 billion shares. It is over.
Those who sold and went short last week had information about this. So some people got the info before us and used it to bring their bucks home. We are the bagholders. We got screwed. Got it ????
Thank you. Last week I mentioned DILUTION several times and got blamed. YES, it is DILUTION. Got ride of just $1 Mio. That is nothing. How many new shares ? 50 Million to get ride of just $1 Mio. ? What about the other debt ? What about the other 25 Million debt ? Want to issue another 500 Million shares or more ? VortMax was the guy who was right. Nothing more to win here. Every good new message will used to get ride of more debt. Bye-bye TCPS.