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.
And they are getting fewer and fewer to buy.
If they sell now chances are they will be to me or others who will not sell them for a quick buck. We don't care if you drop the price in an effort to force us to sell. It's not happening.
When it's way higher we might throw a few your way as you all chase.
Waited this long.
Can wait that much longer.
GLTA
It's a technical error; I spoke with a Kronos represenative Friday.
It should be removed soon.
All is good.
GLTA
I just spoke with a representative.
The sign will be removed shortly.
It should not have been there in the first place.
The stop sign means nothing. It will be resolved.
I've reached 500k shares, which is where I originally was when this all began.
Plenty of profit in the bank.
And now I wait patiently for the big surge.
GLTA
I'm out.
Didn't lose so that's a plus.
Good luck all.
This might help BB
https://bigtoken.com/how-big-works
First, nothing takes effect until November 2.
Second. The R/S is an OPTION.
Third. It is highly likely that the Trillion shares are there as a deterrent against a hostile takeover. SRAX is only taking 88.9 percent of the current issued and outstanding shares which if it stays as is is only 750 Million shares.
As pissed off as I am, I will see how trading commences these next few days. I will be sending emails to SRAX about what is going on. I suggest other shareholders do the same. Their reputation will be garbage unless they can justify what is happening here.
I theorize the terms of the agreement of the RM is that there is no chance for a hostile takeover, hence the ridiculous Trillion shares.
(holy sh*tshow Batman...a trillion)
There are huge risks in holding. But there will be hell to pay if they think they can screw over us and get away with grand larceny.
GLTA
Take a look at the bid.
.0001.
Lawsuit time.
I'm going to risk it.
There is an RM in the works.
It may lose value short term but long term it may pull a profit.
I doubt many people will share my sentiment openly.
But this is me. It's a ballsy move.
I have other plays. I will be fine.
This is now a high stakes game of chicken.
If I lose, I lose.
Time will tell.
GLTY
So how many are going to dump in the morning?
This smells so much like a setup. And once the dumping is done it's going to rocket north.
It stinks either way.
But the real question is what timetable is SRAX taking over?
It's not the AS they are taking...
It's the issued and outstanding shares...
Think about it!
Look beyond today's filings...
We need some answers from SRAX in regard to a RM timeline...
Thoughts?
"Effective Date.
Under applicable federal securities laws, the Amendment cannot be effected until at least 20 calendar days following the date a Definitive Information Statement has been provided to our stockholders. A Definitive Information Statement cannot be furnished to our stockholders until ten days after the filing of a Preliminary Information Statement with the Securities and Exchange Commission, and as such the Amendment will become effective no sooner than November 2, 2020. Additionally, If the Board determines that effecting the Reverse Stock Split is in the best interest of the Company, the Reverse Stock Split will become effective upon the filing of an amendment to our Articles of Incorporation with the Secretary of State of the State of Florida, and compliant with any other applicable regulatory requirement. The amendment filed thereby will set forth the number of issued and outstanding shares to be combined into one share of our Common Stock within the limits set forth in this proposal. Except for adjustments that may result from the treatment of fractional shares as described below, each stockholder will hold the same percentage of our issued and outstanding Common Stock immediately following the Reverse Stock Split as such stockholder holds immediately prior to the Reverse Stock Split."
Nothing happens (if at all) until November 2nd.
NOTHING.
Remember...a Reverse Merger is happening as well...
I'm holding, even if it gets painful.
There's still a reverse merger happening...
I'm not going to be intimidated by this...
It's a risk, yes, but I got in cheap enough...and I took profits...
But yeah, I'm keeping what I got...
Wish me luck...
"Board Discretion to Implement or Abandon Reverse Stock Split
The Reverse Stock Split will be effected, IF AT ALL, only upon a determination by the Board that the Reverse Stock Split (with an exchange ratio determined by Board as described above) is in the best interest of our Company and its stockholders. Such determination shall be based upon certain factors, including, but not limited to, existing and expected marketability and liquidity of our Common Stock, the number of remaining authorized shares of Common Stock, and the expense of effecting the Reverse Stock Split. Notwithstanding approval of the Reverse Stock Split by our shareholders, the Board may, in its sole discretion, abandon the proposal and determine, prior to the effectiveness of any filing with the Secretary of State of the State of Delaware, not to effect the Reverse Stock Split. If the Board fails to implement the Reverse Stock Split on or prior to September 30, 2021, stockholder approval again would be required prior to implementing any Reverse Stock Split."
This is a shock and awe campaign to have people panic sell their shares.
This is my opinion and only mine. The wording is crystal clear. IT IS AN OPTION.
Also, the O/S count does not change.
There are buyers that are going to be salivating at the thought of those shares. Trust me this guy isn't stupid. He isn't going to allow a hostile takeover before the merger is completed. But yes it was a crap move on his part. And uninformed people are going to lose a lot of money.
BB it is there to prevent any ideas of a hostile takeover.
That's it.
Otherwise everything else pretty much stays in place.
So that the R/M happens.
Not going to be suckered out of shares.
EVERYBODY CALM THE HELL DOWN.
READ.
"Board Discretion to Implement or Abandon Reverse Stock Split
The Reverse Stock Split will be effected, if at all, only upon a determination by the Board that the Reverse Stock Split (with an exchange ratio determined by Board as described above) is in the best interest of our Company and its stockholders. Such determination shall be based upon certain factors, including, but not limited to, existing and expected marketability and liquidity of our Common Stock, the number of remaining authorized shares of Common Stock, and the expense of effecting the Reverse Stock Split. Notwithstanding approval of the Reverse Stock Split by our shareholders, the Board may, in its sole discretion, abandon the proposal and determine, prior to the effectiveness of any filing with the Secretary of State of the State of Delaware, not to effect the Reverse Stock Split. If the Board fails to implement the Reverse Stock Split on or prior to September 30, 2021, stockholder approval again would be required prior to implementing any Reverse Stock Split."
IT IS IN PLACE TO PREVENT A HOSTILE TAKEOVER
CARRY THE HECK ON
"SRAX has entered into a definitive share exchange agreement with Force Protection Video Equipment Corp (Ticker: FPVD), whereby SRAX will transfer all of the outstanding equity of BIGtoken in exchange for 88.9% of the issued and outstanding shares of FPVD, subject to certain closing conditions."
Not BY but FOR.
So 88.9% x 841,184,289 shares = 747,812,833 shares.
That's not a lot considering.
GLTY
Sorry but your information is incorrect.
It will only be about 740 Million shares, give or take a share.
Nice effort though.
Enjoy the profits.
GLTY
In your dreams perhaps.
Some of us know what we have here.
And lol I bought in way cheap.
Tasty profits and free shares now.
Gonna be a hell of a ride.
GLTY
I think a few people here need to realize that issued and outstanding shares are the 841,184,289 shares that are out there, reduced to 88 percent. Not the 20 billion A/S. So roughly 740 million shares will be here...
I am correct in this Whale?
GLTY
Only the beginning.
I knew this would fly with Whale here...
Hold for the gold, but take tasty profits!!!
GLTA
$FPVD
Shocked us all, and very pleasantly!
Good luck Whale!!!
BINGO!!!
WE'VE HIT GOLD BOYS!!!
GLTA!!!!
Whale is here.
From my experience she has done the groundwork.
If she is adding then it's a safe bet she knows where this is going.
But I looked deeper into the recent 10k.
They can start production in a heartbeat here and abroad.
So yes news is coming. And everyone holding will be richer for it.
GLTA
This changes the perspective...
I should have scrolled down more...
I know Whale from another board...
If she is here, and adding...
Well...
I'm holding...
That's all
Anyone get the feeling that this is a pump and dump?
Cause it sure feels that way.
Ok I get that. L2 shows that too. People are scraping for shares.
Got another million and am waiting.
I know that with a positive PR this will make profit. Next time I post is when the PR hits.
GLTA
Been watching the action. Yes, bids are indeed building. Asks are relatively thin.
GLTA
Thank you for your reply.
And you are right, I will have to keep peeled for news.
Going to be nerve wracking to say the least.
GLTY
Source of rumor?
Can't just be blurting out this kind of information.
Thanks in advance if you could reveal your sources...
GLTA
I've given the current situation some thought.
I already have a significant amount of shares, and I won't get more until a solid PR is released, and then I can get double of what I have very quickly.
If this turns put to be a pump and dump, I will only get stinged, not burned.
One of my concerns is that there will be dilution. And that goes for both my scenarios I envision.
But if he scores major contracts then everyone will profit at these buy in levels.
Hoping for the best. Prepared for the worst.
Didn't the SEC enact new rules about suspending tickers that were dark or defunct and did not update their financial information? So this could be the reason everything was brought up to speed. And with all the hype about police body cams that alone would bring people here. You say you talked to him. Well, talk is cheap. And also, it could be fabricated.
Now, don't get me wrong, I am hoping for the best but I have to see all angles here. 3 employees. Went dark. Maybe just went current to dilute and get some bagholders. Or he is legit and got some contracts. So where's the PRs? This play is a huge risk. Trade accordingly. I have a stake but until positive news hits I will not add more. Good luck to all.
Sorry. Mine aren't for sale yet.
You can have them at say, .15 -.25....
But thanks for the offer. I will keep it in mind.
Sarcasm aside, it's all speculation until we get facts.
Have a profitable day.
Doesn't look that way to me.
Starting to look like a pump and dump.
Don't get me wrong, I hold shares. But some people's claims about talking to the CEO, and being current, are starting to become suspect.
Looked at the 10K. Unless he has been doing a lot of behind the scenes action, there's trouble here.
I know there's heavy manipulation and FUD. I've been in a few winners but a lot more stinky pinkies.
If all he is doing is dilution (and with 20 billion shares he has plenty of ammo to do that) this will be .0001 in no time.
If there isn't any or little then there is definitely manipulation. A monster contract can take this to .10 and beyond. But first show us the proof of a contract.
Has anyone else other than Pollo contacted the CEO to corroborate his story?
Anyone else willing to call the CEO?
Hoping for the best but ready for the worst.
GLTA
https://www.otcmarkets.com/stock/FPVD/security
I was thinking of adding but then I saw this...
I have a good amount of shares and have more funds to put in but unless the PR is solid I'm going to hold off. I'm still ahead of the game so for me at least it's all good...
GLTA
Don't worry.
We will take all your shares...SUCKERS!!!
Says all the naysayers...
BYE
Tomorrow or Friday.
If not expect the PPS to plummet.
GLTA
Added more today.
Give me one more day.
This post is SPOT ON.
Could not have said it better.
GLTA
I firmly agree with your view.
People want money and riches now now now...
Doesn't work that way with certain tickers...
But when the right catalyst comes it's a glorious feeling...
How sweet it is...
And that's the thing here. The price gets dropped because it pressures the traders who just got in, the quick buck crowd. They curse out the stock, sell into greedy hands, and move on. The smart ones pick up the pieces...
GLTA