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Lack of buying is solely a function of RXSF not going out and introducing the company to the street. I think todays press signals a change to that, but you want to see results today? Like I said, you live n traders la la land. I can;t believe you fooled over 1007 people to follow you - keep playing in all your sub-penny issues. Pathetic.
Actually YOU ARE a danger and we know your game. Slam, slam, slam to pick up more shares cheap. You have tried to play both sides here and its quite obvious.
Really? Thats when she announced her goals, not when it was going to happen. Stop misleading everyone and go away.
I am sure Lorraine would like to LOSE YOU!
You really need to sign off this one. Your outrageous claims without knowing any of the actual facts makes you a danger to these shareholders.
Yea, a COMPLETE COMPLIANCE violation - thats how I know you are FOS
There are a lot of keen traders here (whether or not they are shareholders right now remains to be seen), so I am surprised that no one had been able to piece together what the CEO's objectives that were stated over the last 3 months, and what we see starting to happen now.
No one really selling either. I don't expect this news to have any immediate market effect, did you? Just another telegraph from the CEO IMO
Maybe this event is being used to introduce the company to brokers and other buy-side institutions. Someone BIG had to set this up for them IMO.
Wow, thats too far out for me!!!! How about....Memorial Day?
I am sure Lorraine wanted an early spot so she can spend the rest of the day in one on one sessions. Yea, this isn't fluff - THIS IS SERIOUS and to me anyway, tells me the company has been released to tell its story to the street. Its taken a long time, but the pieces, which have been telegraphed for months, are now coming together for all shareholders to see.
SIDOTI CONFIRMED - RXSF listed as a presenter! Company bio is up at the Convention website!
Looks like Lifetime Brands will be there as well.
Let's see if someone can put the big picture together, by tracing the companies steps these past 2 months............
Don't forget OOMA!
News and Tweets out! I guess it started!
Guess we will all see how it works sooner than later hopefully.
Thats right, the way S8's are structured, the amount per share is for pricing only, not what someone would receive from being issued S8 stock. Of course you see a different scenario, because you are stuck in OTC land. Every day trader is fixated on what management and insiders get - why? because there is a pattern in OTC companies that they fill their pockets, then slam the markets, hurting other shareholders. And yes, that is a very UGLY pattern in most OTC companies. However, point to the last sale by management or an insider? You won't find one. Not for over a year. Go find a Form 144 and a sale and please post it to this board.
You can't. Thats because there haven't been any in over a year, and the way I see it, they had many opportunities to sell stock, and didn't.
Any Form 4 you can find from management are BUYS, not sells. IN fact, management has come into the market and bought stock several times.
Regarding the CEO's compensation, do you know she actually got paid CASH for her services or was she paid again in stock. Are the executives getting cash every month, or are they being paid in stock? You may have seen another post on this board bringing up the fact of the $170K a quarter burn to management, and that post was absolutely designed to make you believe the company is paying cash. That poster always leaves out the other possibility that the compensation is either accruing or paid in stock. Either way, to me, thats what committed management does when they see things we don't.
I think management has already proven they are in this for the long haul. No stock sales, just purchases on the open market. No Form 144's or Form 4 sales. Accumulating more and more stock as compensation, etc.......... there are absolutely NO FACTS to support your scenario. I don't blame you for seeing the glass half empty, but you can't hold all the crap done by other companies to their shareholders against this one. I'm waiting for news to see whats next, then I can further decide to stay or go.
BTW - Todays SHORT REPORT - 46% - more than 2900 shares. Of course they are playing with the stock.
I guess they are finally seeing it. Damn, it took so long to shake that OTC scam mentality, but I'm glad they did.
So think what you want, but my gut tells me this signals things are happening much faster than we know behind the scenes.
Time for tonights securities lesson. I am assuming that the S8 plan has been designed to carefully increase the public float shares without hurting trading. If the company wants to uplift, an absolute requirement is 1,000,000 shares in the public float. Right now, there are 370K or so. How do you increase the float then? Let notes convert at 35% discount to markets and let those shares slam down the PPS? Thats an OTC thing. Do you take a discounted note and file an S1 and then in 4 months after the S1 is effective, slam down the market again? No, way too many shares hitting the market in those 2 scenarios. I think what the company is doing is brilliant. First, you have to STOP looking into their pockets. Thats just wrong. You need to start looking at the mechanics of the S8 and how that fits into the larger goals.
So when those S8 shares are ISSUED, they automatically become part of, and account to, the public float. Assuming if the company issued those shares to insiders, let's just assume that, they are all still bound by Rule 144, and they already have lock ups in place on their other shares. I don;t expect to see ANY Form 4's or Form 144's. You think if the company is trying to uplift that insiders would even sell? Thats kind of sick to believe - but a lot of you are so use to OTC scams, that you probably expect this to screw you some how.
Its also my opinion that this may be part of the companies overall plan with its bankers. There is no other way - read this text again - NO OTHER WAY to increase the float without devastating the stock. But everyone knee-jerk reaction is to think SCAM, because all posters do is look into the pockets of the insiders (which I would normally agree on the OTC, is suspicious) rather than look objectively what has to be accomplished to uplift.
Again, a purposeful misdirection by you. 3 out of the 10 PBS were the ones that started the company and who put their money in, outside of the booked and audited loans Dave.Thats what the disclosures tell me. Fact. I don't begrudge any of them for their cash contributions to start the company, nor their loans, but then again, you would have to be a shareholder to appreciate that. And now, when it seems that the CEO's plan is coming together and that the CEO may fulfill some of her more immediate stated goals, you still love ratcheting it all back and casting doubt as to how things were done to get here. The fact is, looks like she may have got the company here......and if it happens, thats all that should matter. If it doesn't, then your money morning quarterbacking should start, not before.
The problem is CH, some people feel that they are so smart, that that can foresee someone else gaming the system, then they try all these pre-empting tactics to manipulate outcomes, usually or targeting their favor. Thats inherent in some day traders - sure was in most of the Stratton-Oakmont guys I've come across. They were all day traders with OPM. People here on the OTC are so use to being gamed and scammed, that when a legit company, following a legit company course shows up, they immediately look for ways to re-charactorize it as a scam. Not much you can do or say other than throw audited FACTS in their faces and let them eat crow, which you have done quite brilliantly the past several months. I can't wait to see what happens......LOL
No future credible investor wants to see this red at all. So forget about the Investor pricing conspiracy theory. Not going to happen here.
I see the issue here. Again, your DD and analysis is off. The disclosures clearly indicated that those lines EXPIRED by their own terms and that those lenders extended repayment not once, but 3 times, without penalty. Guess you missed that too.
But again, whats your point here? To try to demonstrate some sort of impropriety? These are founding shareholders who put hard dollars into the company. All audited in 2012-2014 - some very old non-info here. I know you don;t like how they did things, but they did them. They funded the company initially. Did you? Get off it already. You sound like an old broken record leading nowhere.
What little support may have been driven away by last weeks panic posts. Thats what happens in a thinly traded stock. Its delicate. Hopefully the company is taking steps to attract new investors. $50K of quick buying, this is over $5 again IMO
Yup, fallout from last weeks panic.NASDAQ, $2.74 away...........
Dave, I guess you don't like when you are wrong. Especially to all those you think give you any credibility.
He always implies wrongdoing. Maybe it takes someone who scams to accuse someone else of scams. Just saying.
And just how should the CEO come out and say she made a mistake? You seem to want her to bow to your wisdom and experience. Trust me, she will not. I believe she made a good decision when that was made and I am sure the company had mechanisms in place to keep the lid on it. The mistake was what the T/A did, but you can get a copy of the complaint and read it for yourself. I already did. It was NOT foreseeable that the company' own paid agent, who had an absolute fiduciary responsibility to the company, would help perpetrate a fraud, and for that, she should be unapologetic.
But notice you start the negative rhetoric, and the bid gets slammed......again.
With regard to those credit lines, I guess you didn't analyze the immediate dilution the company and its shareholders would have suffered had those lines been used, via an S1. With the volume of shares traded, those "equity lines" would be a waste, and thats probably why the company cancelled them. At least with convertibles, they can be hedged every 6 months. I assumed you analyzed all of this already. I know I did.
Again, you use limited metrics in your analysis. You point to several tidbits that support an argument to which you refuse to acknowledge your lack of wanting to do the additional DD and actually understand the game plan here - which by the way - most of us get - simply degrades all of your analysis.
We all know you are a smart guy, probably a very good businessman, but unless you have all the facts, all the analysis is flawed. Thats a FACT.
I suggest, from what I can see, the TOXIC deals where just a means to an ends in a vey bad lending environment. It kept the doors opened for whats coming next. Nothing more.
You really seemed focused on those B shares. You really don't seem to understand why they were issued, and specifically, what they are being used for. Its a shame that someone as smart as you are cannot recognize that there are other smart people who understand how to build overall value for a public company within the confines of regulatory restrictions in the public markets. I think you have been trading in OTC companies for too long. You see it as a dilution against the shareholder base, whereas I am sure, future news and disclosures will prove otherwise to you, yet I believe you would never give anyone else credit unless you were the one that came up with the plan.
But you would first have to start with the presumption that this isn't a typical OTC company nor is it being structured as one, so I would start researching insider stock structures/transactions in companies that get $10 - 100M in equity financing that trade NASDAQ and NYSE. Then, you could look at some big investment banking deals, via other public companies disclosures, to see how the bankers wanted new offering deals structured, especially where insiders hold a majority, or convertible majority position.
I will be amazed if your come-back is other than accusatory or critical.
Just surprised with your comments without knowing all the facts. You assume that the company did not do DD, which I am sure it did. Kodiak apparently had a few complaints (not many), but ALL of those types of lenders do. I understand the company had boxed Kodiak in, except for the fraud that the T/A participated in. The way I understand it, if the T/A was not complacent in facilitating Kodiak's conversion, then there never would have been an unauthorized conversion. I am trying to help you understand events so your analysis isn't - one sided- based on the limited facts you have.
brutal, it sucks, blah, blah, blah.....but its $1.89 by $1.90 right now. Up 6.18% on the day. Everyone needs to take their ADHD meds ASAP.
This is the problem. You don't listen and you don't understand the LEGAL nature of what the company can, and can't say, at certain times, depending where the company is. Please elaborate on the "promises", who made them and where are they documented? You sure that the CEO was paid cash bonuses? Really, with what money? Again, its easy to wing it, and shoot from the hip, and whine and bitch that things aren't happening fast enough for you, but to start pointing to misacts, or lack of facts to support your positions, well.....if you are invested here....you are just hurting yourself.
Go trade some NADSAQ companies and watch how they do things - the REAL ones, and its quite different than what you are use to here on the OTC cesspool.
You guys need to stop your hissy fits about no news, and blaming no news on the PPS. No trading on no news is one thing, selling and lack of stock support based on a panic because of no news, with such a small float, again, you are shooting yourselves in the foot, and taking us all down with you.
Because they work in Tandem.
Only the company can answer that, but I am sure if you go back and look at the disclosures, you can figure that out. It goes back to what you believe and what you understand. If you realize the float has to grow to meet listing criteria, it is evidently growing very slowly right now. There is only ONE way for that to grow, again, in the disclosures. Doesn't seem to be any "slamming" and looks to be orderly. Then there are the shorters who are playing these huge spreads. I think the stock s suffering from a combination of both. I am also pretty sure that if there is $25K a day in trading, we wouldn't be having any of these problems, but I could be wrong, only a guess.