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Yes it will be. Keep shaking the tree, i dont think its going to help you.
Again, IR has indicated there will be a release tuesday to address the Pre 14C
I get the impression that QB is required to avoid the toxic CDs.
Mods, can someone sticky? Please and thank you!
I posted the response I received from IR.
David gave me the go ahead to share the IR response (see below).
On Tuesday morning we will respond with a news release that explains the need for this action. We are in need of cash for expansion, acquisition and completion of $1,500,000 in backlog of already sold projects.
On Tuesday we will explain:
We have signed an S1 financing agreement with a large capital firm for a $5,000,000 offering that will sell common stock at very near market price and no deep discounts like convertible debentures. CD financing allowed us to grow but it is very costly in dilution. This offering will free us from this toxic form of financing.
We have acquired a small company and are now licensed for air conditioning in order to sell and promote the solar air conditioning products and distribute in the western states.
We have been negotiating for acquisitions in the air conditioning field and with solar providers and have some targets to complete.
We have formed two new corporations and offices in markets we have not served, Phoenix and Los Angeles.
As of August 31, 2018 we had common stock outstanding of 492,000,000 shares, which makes movement in price difficult since the largest share of this outstanding group has been created by toxic financing. We can more easily and profitably manage a market for 49,200,000 shares.
We have a desire to return to the OTCQB and need to retain a $.01 stock price. We have not been near this number for 2 years and feel it is better for all of us to be on the OTCQB.
If you have more questions after the news release, please feel free to call or write.
Best Regards,
David Shorey
ABCO Energy, Inc.
2100 N. Wilmot Road, Suite 211
Tucson, AZ 85712
Office: 520-777-0511
info@abcoenergy.com
www.abcoenergy.com
DM me your twitter
InvestorRelations@abcoenergy.com
Really want to wait to post but im too geeked. Highlights:
Better financing option (non CD)
Acquisition
Expansion
Dont have private messaging on ihub and didnt get the okay from david (IR) to post the response yet. Have a twitter account you can DM me and ill pass it along until he gives me the go ahead to post?
Nudie/S.T. same as above.
Better than fine. Tuesdays going to be fun, as long as they get it out premarket
I can almost 100% guarantee there will not be a dip. There will be an announcement tuesday and its going to explain a lot.
Just got an email from IR. I no longer have any concerns. I asked for permission to share the info (will likely post shortly anyway), but we will know more Tuesday premarket.
Hope youre right ST, im going to see this one through, but this was unexpected and disappointing.
Yeah, agree 100%. Just saw this, real kick in the teeth. This is a complete 180 from what i was expecting after talking to IR.
Yup its still very low for where we are sitting, but I don't think we will be down here much longer.
Looks like someone just filled your bid. nice!
That number posted on otcmarkets is likely incorrect. True float is ~170M if my memory serves. Someone posted an update from IR recently.
Curious who it was that exited. I know everyone is getting impatient, myself included. I might need to give them another call and offer a friendly reminder that OTCQB doesn't just magically happen.
You and me both man. I think most of us that have spoken with IR have been requesting the same things. Kind of feels like we are shooting ourselves in the foot while we could easily break past resistance.
Agreed. A simple PR to announce completion of L2Cap note would even go a long way. They certainly could be more proactive in their goal to reach OTCQB by EOY.
Flipper wants to reload.
My body is ready. Need some buying pressure though. Would love to see Co drop a PR.
Might need to work on your chart interpretations, we are looking amazing here. Slow and steady climb (+100% in a month), not sure why anyone holding would be complaining.
Unless you aren't holding anymore and have an interest in trying anything to bring the SP back down to reload range. Flippers don't bother me, people being disingenuous does.
I know thats nothing, but I don't like seeing it being refilled on every slap. If they are content selling this low, why not let 37s get eaten and put the refill up higher? Any thoughts on what we are looking at there? Loading walls usually disappear if they take some hits.
Not liking the way 37s keep getting reloaded. Churning well, but might need a catalyst to get us through resistance.
Gave her a small slap and tickle. Itd be nice to see those bids creep up.
Because most people dont do their own DD anymore. They follow people they "trust" and blindly buy the tickers called out. Discord has madr this much worse IMO. I talked to a few bigger players, that i know, a few weeks ago about ABCE, and they said they were waiting on note conversions to be done before they would think about taking a position. Id imagine that sentiment is shared among most otc big hitters (you dont become big players by buying into dilution). Now that its been confirmed notes are done, id bet a few of them are trying to load off of the bid before next catalyst.
Hard to say with any certainty, just my interpretation.
Dont have nearly enough to do it on my own. Will try to time it correctly if we get some buying pressure.
Have a little bit of dry powder ready for the right time today. Hoping to aid in a test of 40/42!
Any PR this week and we laugh at "40/42 resistance" as we breeze on past.
Look at the 1 month chart, we are clearly moving up in a healthy way. Slow build up is far superior to a massive run. Those lead to equally large sell offs.
Looks like someone trying to load to me, might even be a few people working together to load around 30. My guess (hope may be a better term) is its a big hitter loading before spreading it to their group.
Been happening every day. Dont think they are getting too many though whacking it down. Will see it this afternoon, then some buys going into close IMO.
All buys thus far today. Looking very solid, should get a 40/42 test this week, if not today. Once we break, the fun begins.
Out of powder currently, or I would hit it with you. Got my lowball bid filled yesterday on another ticker. Might free up some more if we have another afternoon dip.
If we pull back any more, i will pull the trigger. Otherwise im going to bid other ticker until PH. Really doubt ill get filled there though, as im bidding quite low. Will at least slap us before close if no fill.
I have a very small amount of powder, but had been planning on bidding elsewhere for a lotto ticket. If volume keeps up after lunch, I may give her a little slap and tickle as well. $ABCE almost certainly a better place to use it anyway.
Most likely a mix of the Q getting noticed over the weekend, more news being expected in the short term, and otc volume, as a whole, picking up this week. Trading well below the our book value so smart money may be taking a position in anticipation of a SP correction.
Looking over twitter analytics, doesn't look like there are any groups on it. Just a hand full of us diehard longs tweeting about it.
Wow, was that just a 1M buy at 35?