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Broken record here everyday from certain(cough cough) people, lol.
And dilution is being accumulated everyday and the price isn't in trips... which it should be by now.
When it goes, it will rip.
And no, its not going to trips.
So let's have this conversation everyday until the dilution stops. Lol
Last year we at this time, we had bad convertible debt, and a note with unfavorable terms(which was used to pay for S800) and lots of dilution.
Now we have very little convertible debt and favorable notes in exchange for capital with much better terms and as they need it to fund future growth, whatever that might be. Plus they have a CFO and management to go along with that growth. Yes, there's still dilution which does suck for us shareholders, but it's all very controlled and someone snatching those shares up. Dilution is ok if done for growth, as it will be beneficial for all shareholders in the long run.
So the company is doing the right things.
It takes money to make money, and the capital is needed, and the investor(s) know the risk, and it is favorable.
Umm, yes it does have to do with the company, in fact, perhaps if there wasn't OTCX diluting from the company to get capital for whatever they are working on for growth, perhaps it would have ran much more than .01, which everyone was really hoping for, but which the company isn't ready for YET.
So the run may have proved out a couple of things.
Either way, It ran pretty well, and on the radar screen now, hence why we have more action on this board and in general.
And somebody keeps accumulating it all, like crazy, duh. Pretty blatant.
They've accomplished a lot, hence why you're here, lol.
And current price is because of dilution which is getting accumulated for future growth, otherwise they wouldn't be able to exchange shares for cash, so clearly somebody intends and wants the shares to sell later.
Can you explain how it is currently overvalued? I would like to know how you came up with this and understand your DD and math.
Per my math and DD it is so grossly, severely UNDERVALUED its unfreaking unbelievable.
Multiples are useless for OTC folk, but evaluation will matter at some point in the future. So using a extremely conservative 5X multiple across revenue, then adding the value of the NOL, assets, cash... should easily be at 50 mil MC. Again OTC doesn't care or understand about MC, and they still won't when this runs.
I'll safely watch this and when this goes mainstream, and it will for multiple reasons, some of us who understand DD, will win bigly.
If I get just one person to think thru the BS posts and understand how the OTC operates, it will be worth it.
With all these BS posts, this saying makes perfect sense...
I always love proving myself correct, when I and pretty much everybody else here on the BYOC board thinks exactly the same way.
The other tactic that is performed is to always get the last word in, even if its with LIES... let's test this out, shall we.
I can easily shut up and fall off the face of the world, not to be heard from again or a long time, ask a BYOC long like Joebert, Gumz, etc.
As mentioned many times, my posts or any other ones on this website or any other social media, will have ZERO affect on where this stock is going, it's laughable that anybody thinks these posts matter on pps or that certain negative posters think they do, they DON'T mean diddly chit!!
Now for that last word, to prove myself correct ONCE again, as always.
That's incorrect!
One needs to understand how people trade in the OTC... which is trade/ flip stocks like they're pancakes... and people have to flip them quite often. There is very little loyalty and they are NOT investors.
But the subject few that actually do DD, will win big time!
But of course we have negative posts which will try to dispel any logical posts no matter what they are... I've seen this over and over and on the BYOC board... yawn.
curious... for people that bought @ .005 or basically higher than current share price, what made you decide to buy it?
If you bought it higher, than you should love the share price NOW!
Otherwise, did you even know why you bought???
It's not going to happen down here at this pps!!
Also...
An RS DOES NOT SCARE ME, if the DD that I have done is good and company has something going for it long term and the RS is shareholder friendly. In fact, an RS would help get cheap shares, in some cases.
I agree that it generally has a negative effect on pps, but that's typically short term... again and especially if the DD is solid.
I have more than a few examples where an RS was very beneficial, short term and long term.
Again, no worries with BYOC. Lol
Let's not forget that those 4 industries of Psychedelics, Cryptocurrency, ESports and Logistics are HOT. Makes zero sense to do a RS down here, when there's plenty of upside but let's scare people and say that I want to save everyone from this horrible stock and company, smfh.
BYOC starts announcing acquisition after acquisition in any one these industries, that will lead to lots of buying, much less all four of them, the same consistent prs/ news as when they were announcing those contracts for S800 back last fall.
But all these useless negatives posts do make a factor for us all in the short and long haul. They get the weak hands out now that can't hold, then those same hands will chase once pps starts rising.
Hopefully some of these people that actually go to this board will listen to the real investors, and maybe think about what is said by us and learn some real DD. But as I've said, if that was so easy, everyone would do it.
Since I'm doing my DD, I saw something interesting in quite a few pyschedelic articles. Since Jason Spatafora tweeting BYOC is what got me onto the stock, figured I'd give him a heads up on the company's status. Plus he knew George Pursglove, as well, in some capacity.
@WolfOfWeedST
— Trek 🚀📈🌚 (@stock_trek) May 20, 2021
Mr. Spatafora, since I see you in a few articles for psychedelics & I know you had a connection(Linkedin) w/ George Pursglove & position in $BYOC, you might want to see what industries their aiming to get into...https://t.co/zqz4D56Gfxhttps://t.co/lg7TArlS5p
There's clearly a purpose to it all, and shares are going somewhere, thats for sure. It just got a ton more exciting though, at least for me.
That's very interesting and quite a shocker, to say the least. This is going to be fun!
Difference between us,is that this isn't my job, if it was, I've been doing a very bad job at it these past few years, buhahahaha. I'm not worried the least bit and will continue buying down here, you can mark that.
Nobody on this board believes the negativity and have shares when only negative things are said, which sounds like a broken record. How does negatively posting help you get out of the stock, duh. Nobody does that unless thier dumb.
Lastly, the stock is being controlled down here because they want it down here... for the moment.
Here is my post yesterday which you may find helpful.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163881311
Yep, there's a LOT of controlled buying down here, that's pretty easy to see to the naked eye.
But people tend to focus way too much on the share price, don't learn or do DD and sell off... then run to the next runner, which they get to, to late and buy high.
If due diligence was easy, everyone would do it!
One would have to be really really blind not to see that this isn't a normal, typical pink company.
But people like to chase whatever is running... but they will be back!
Because we know that they're not using the money to buy themselves supercars or taking exotic vacations, and the capital is being used to grow the business or for setting up acquisitions. And obviously since a deal hasn't been made yet, it's not public knowledge, otherwise it would be an SEC violation. But the CEO has made multple prs stating a robust pipeline of acquisitions... just takes patience. Do you have any?... I have lots!!
Ever heard of the term, it takes money to make money?
Do you have any idea what it takes to make just 1 acquisition, or how much extra money it might take to expedite this process? I honestly don't but I know for a fact there's a lot of factors that go into it such as lawyers, accountants for auditing, paperwork up the ying yang, etc.
That's why I recommended you apply for the CEO position. Hop to it!
You could have summed up everything you posted and just said it's a scam and management all bought themselves supercars, might have saved yourself time. I know I'm not wasting my time, even though I just did.
I honestly think you should reach out to them and apply for the CEO position.
Come on, we're waiting for the 15s, let's go here!!
Lol, you guys aren't getting those sells yet, it appears. You're doing a horrible job!
Cash Balance of $1.4 Million
Continues to Evaluate a Robust Pipeline of Acquisitions that are Expected to Drive Sizable Revenue Growth in 2021
Mentioned this right away to start the PR... very strong!
Yep, its the best scam in the OTC, welcome aboard! Going to be exciting times ahead, I've been here awhile, along with many of my other friends.
Just reflecting on this 1st qrtr, I see TWO BIG accomplishments!
1: The Discover bad convertible debt they took in order to buy S800 was ended. Now they have favorable funding for growth and acquisitions going forward.
Rereading the 10Q in how they are realizing the loss from the Discover note and the value of it originally minus how much Discover kept for doing it in the first place. Appears the loss goes against that nice NOL. So that was a big accomplishment to get rid of the Discover note and have it reflected like that financially to help them later when they use the NOL to lower tax burden.
2: Then the other accomplishment was to run the stock to .01 and test how well it ran there, testing how well float is locked. Plus if its true there were $100k ask slaps .01 & above, we have investors waiting, as they can't buy it lower than .01.
So those are 2 big accomplishments, but I'd like to hear their pr statement on it.
Oh, & before I forget, the above is my opinion only instead of fact... well, actually it might be a FACT and there's a huge truth to what I just said. Take it or hate on it for what it's worth, its really that damn simple!
The question on everyone's mind should be what is BYOC doing with all the capital and cash they have now?
*Acquisitions?
*Development work that needs to be done in order for software or platforms to start cranking revenue on said contracts?
Other growth prospects?
And when is the revenue from these new contracts going to be realized?
When are acquisitions going to be completed?
Or maybe the negative posters will come out tomorrow and say management is using the $$ to buy themselves supercars, because this is all a scam, buhahaha. Cause that makes the most sense in spite of all the news/prs/ and price action.
Perhaps some of my questions are related, and obviously at least one institutional investor is on board. Will have to see, but really good things coming soon.
The company statement/pr will be important for hints, although the last one on 2021 plans was a really good one. I fully believe there will be news and as you said previously, we'll have a rise in share price completely out of the blue. Then Let the chase begin, but we know who will make bank here, don't we.
Don't forget 1.4 million in cash!
Because they received millions of $ in exchange for shares, is how I understand this.
BYOC already said no more than a 100:1, and that was said when pps had spiked to .004ish and months before pps got to .01. My guess would be much smaller, again, after quarterly revenues are posted like I mentioned before.
Even 150:1 is still shareholder friendly. Again, take a look at my very good comparable, GMGI. If you factored out the 150:1 RS, it went from .004 to a high of over 9 cents recently... and BYOC has more going for it than that company, imo.
Its when RSs are roughly 200:1 or more that are not shareholder friendly, and when that happens the AS is not also RS'd and kept high to dilute shareholders further down the line.
BYOC has institutional investor ownership and those type of investors wouldn't invest if they knew they would get scammed and diluted.
The CEO and CFO both have a lot of shares, so it would be in thier best interest to do as little of an RS as possible, that does assume that they have a lot investor interest already.
We won't know anything until they release a filing on it, otherwise that is not public knowledge and an SEC violation.
Based on everything, who knows if BYOC even knows what they will do, as they may be other things to take place first, such as growing revenue quarterly, which would or should promote a share price increase.
A company wouldn't make a statement about multple acquisitions in the range 5-50 million in revenue, if they didn't think they could get the funding for it. Plus they said they could get the funding for it to scale up quicker.
Based on the size of 50 million for one, that would be quite a bit a raising capital and a larger pull of investors needed, hence a larger OS aand hence a smaller RS at some point.
And no, an RS will NOT hurt shareholders, as a higher pps will make the stock more attractive, as YOU have previously said yourself, lol.
I would agree with raw, the postings on BYOC are inconsistent and conflicting with each other, that is very apparent.
Ther only thing consistent is the negativity, and that feeling is shared among us all.
Everyone should be very comfortable buying down here, when you look at what the market cap is for comparable companies in this industry. The only worry is if they can't make these acquisitions, and by the looks of the recent action in prs and the price action/ accumulation... they have support to make those acquisitions.
Of course you would bring up an RS to scare people, but the value of one's shares is the same before and after the RS, and why would they do that before releasing news about acquisitions? The only reason to announce an RS early would be to scare retail out of their shares to accumulate "loose shares". The smart money will continue to accumulate down here either way.
Plus as you've said yourself, doing a reverse split would make the stock even more attractive, as a great comparable, look at GMGI exactly a year ago when they did a 150:1, price rise was stable and pps is somewhat stable now. In fact after announcing an RS, the pps actually rose and shocked people. I actually hope for a similar type of play here, but that's just my opinion.
Not really, because none of it has any bearing on the pps or where the pps is going, which is up... just a matter of when
However you want to take it, I really don't care, but keep it this low, YES, I'll keep buying as i have been for a long time....and if you look at my post history, you can verify that, as well.
I haven't seen you here much more than a month ago, perhaps some respect should be given to those that have been here for awhile that actually like this company, the products, and the stock.
Either way, I'd love an NT, to entice selling and so I can pick up some more cheap shares.
Define what does "early" mean without a date being given?
Imo, its either filed by the 15th or its not.
Lots of anticipation, so if there's an NT to make sure its ready...they know people will dump, which is dumb, but this is the OTC.
I'll be happy to grab more, so please submit an NT, hehe.
Not really, it's being controlled very well, as it has been for quite some time.
No problem Tommy!
Even though I always go to that website, I never remember what category they're in, but the company said earlier than the 15th. Tells me it will in by the 15th, and no NT. Will see.