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We should see it in Q4 under
Shares Issued & Outstanding at Date of this filing
I agree with you that it was not the original 1-A.
Could it be a sell to a private investor?
If we go off history, the amount of shares (400,000,000) lines up with previous issued tranches. (In the 400 mil range)
But it's all speculation at this point, just need to wait and see.
What we do know is they were not restricted so it's not Alan or Max.
It's not Max or Alan as it would have been placed under restricted. It could be concerning the unresolved lawsuit. It could be a sell to an investor. We will have to wait until Q4 to find out.
But they are not currently in the public float, so they will not be traded on the market until moved to Held at DTC.
As a shareholder I hope this a sell to an investor but will have to wait and see.
Come on Max we need as much cash as you can get your hands on!
Make it 15 million and some of them fancy 5G liquors and we have a deal.
Lol, thank you for that. Max needs much more than 735k and seems these individuals are okay loaning money out to companies with 0 revenue and debt.
Just tell Henry to throw Max 10 million and Max can get him a few Tritom S100s for the ADE office.
Haha, literally just answered your question. And believe it or not their other employees need to be paid.
Max is currently owed 285k from the company for unpaid salary. The last time SRMX owed Max this much in 2018 he did take shares for debt owed. 700 mil shares for $210,000 in unpaid compensation and why the liabilities owed to Max was reduced.
As an investor it is nice to see the CEO taking shares for unpaid salary, shows he believes in his product.
Would not be surprised if we see the same thing this year.
Just this year Max has not been paid 50k in salary out of the 112k. So hes took home in cash so far this year a grand total of $62,000.
In 2019 he was not paid 112k out of his 150k, for a grand total of $38,000.
I’ll break it down later to make it easier to comprehend.
-280k that is still owed to him, reflected in current liabilities.
How much of that take home cash has he actually taken home?
Please see what was said below and yes, it is still my opinion.
Investor Funding PO
Not a statement of fact, this was just IMO (In My Opinion) and what I have seen with pre revenue companies. Why would an investor who just upped his cash not fund POs? If you have followed any company this is pretty standard procedure for companies that are pre revenue. The investor wants the company to succeed and helping with POs is apart of that. Especially one who takes a seat on the board. Again, just in my opinion. He could just like funding operations and paying off debt, but when a PO comes in that's where he decides to draw the line. Unlikely, but we shall see in August when the Q2 reports are released.
They need a lot more capital than 735k and hope Wen is also investing, as well as SRMX taking out loans. Maybe Wen will double his investment again to 1 million dollars as he has the last two years during Q1.
I DNK, what I do know is 735k will not cut it and Max and team need to be exploring every option possible to raise money. If that's lowering the evaluation to get funds now, so be it. The 1-aa is hopefully just a part of what they are raising.
You are welcome.
Sorry to hear that and hope everything works out for you, technically you have not lost anything until you sell.
OTC can go up just as fast as they went down.
I would never hope that a stock goes down or make jokes at the shareholders expense, a lot of good people have money riding on it and only a psychopath would enjoy people losing money.
The only reason I am here is because facts go both ways. I hope everything works out for PHIL holders because if anything comes true you all hit a home run.
No Henery is fine diluting right here, hell just keep adding to A/S and baiting people with a buyback.
2019 the BB was 5 billion
2020 the BB was 13 billion
2021 the BB was 25 billion
By the end of 2022 it will be "I'm planning on buying back 50 billion shares or as many as needed GB"
If people keep buying it why not, he has to dilute to pay off his debt somehow. All of that debt has led to 0 revenue streams. SMH
What makes you say that?
LOL, Max is not dumping shares but also do not think Max has any idea what the current status is on OTCM which is disappointing in itself.
The shares that were sold were the 60 mil that was added to OS and Held at DTC. The restricted stock did not change in value.
Yep, can't say I am not disappointed, hoping it's a mistake by OTCM but at this point who freaking knows.
What I do know is SRMX needs capital and a lot of it and staying pink current is a must if we want to raise the necessary funds.
Max the little things are just as important as the big things, figure this out!
PAUL is back, dilution has begun. Max turn this money into revenue. Let's go!
If you do not believe me, feel free to read the patent published 12/30/2021 for yourself. I just tried to make it easier to understand to the best of my ability.
https://www.freepatentsonline.com/20210409240.pdf
Happy New Year's everyone, have a great night!
I know we do not see eye to eye, but this part was hilarious. I could just see a T-Mobile exec sipping his Louis XIII before a big night on the town and thinking oh crap, I need to check Ihub. LOL that was good.
BECAUSE NOBODY FROM TMOBILE IS SPENDING THEIR NYE READING THIS BOARD.
They need a lot more capital than 735k and hope Wen is also investing, as well as SRMX taking out loans. Maybe Wen will double his investment again to 1 million dollars as he has the last two years during Q1.
I DNK, what I do know is 735k will not cut it and Max and team need to be exploring every option possible to raise money. If that's lowering the evaluation to get funds now, so be it. The 1-aa is hopefully just a part of what they are raising.
LOL, agreed.
SRMX needs capital fast as now is the time to capitalize on 5g IoT. Hoping Max can find it to bring these products to market.
And appreciate you keeping me updated.
Correct we should see 300 million + if Max takes shares for his owed salary.
We will not know for sure until we see Q4 but no additional tranches issued by today is a good sign the Lawsuit has been settled.
I'll keep you updated!
I would love to have an actual conversation.
If IoT wasn't around 5 years ago, then when did it arrive? 2021?
IoT is not effective without a reliable 5g LTE network. Which requires SRMX SIM activation and an LTE data plan via T-Mobile. The reason SRMX tech is unique and why Max is going after this patent is because it is a game changer.
For instance, right now all smart homes rely on Wifi to communicate with a central hub. Max has been developing an IoT version of this. Instead of relying on WiFi and cords ect. Max will be able to connect all of his devices with SIM card activation, combined with T-Mobiles LTE plan.
So essentially Max will be able to put a Tritom BC66 and gather real time data in any appliance, sink, shower head, switch ect. and link everything together via T-Mobiles SIM/LTE 5g network. As 4g was not reliable enough to support this function. Yes, SRMX SkiQ could have worked on a 4g network, but the IoT capability would have been hampered. Now with 5g available Max has capability to bring all of these products to market.
Max has three patents related to IoT but if he was able to get the holy grail it would be game changing.
https://patents.google.com/patent/US8781639B2/en?assignee=max+li&oq=max+li
https://patents.google.com/patent/US8849596B2/en?assignee=max+li&oq=max+li
https://patents.google.com/patent/US20130184890A1/en?assignee=max+li&oq=max+li&dups=language
And how could POSRMX be pumping IoT product ideas in 2017, if it wasn't around?
I do not know who POSRMX is, please clarify.
And how could Maxine's bio say he has 10 years of IoT experience if it wasn't around 5 years ago?
I do not know who Maxine is, please clarify.
Everything SRMX has been doing the last 10 years has led up to this moment. The telecom providers have now caught up with Max's tech and IMO the only thing that would hinder SRMX is lack of capital. Will Max find the funds in time? I hope so because 5G is here and now it's time to execute.
Lol good one, still waiting for an answer.
All new investors PHIL has been dangling a buyback for 3 years now while diluting the stock the entire time.
When the buyback was first mentioned PHIL had only 3 billion Outstanding shares. Now PHIL has over 27 billion Outstanding shares and still no buyback. Just over 20 billion shares added not reduced.
Over 56 million in accumulated deficit with Virtually 0 revenue.
Please someone logical tell me how this makes any since?
Looks like Max is going after the holy Grail of IoT patents for a 3rd time.
WIRELESS INTERNET OF THINGS, CLIMATE CONTROL AND SMART HOME SYSTEM
Published today 12/30/2021
IMO there is a very slim chance of this patent being granted, but if it is, hold on to your butts because we will be gone.
https://uspto.report/company/Tri-Cascade-Inc/patents
A company with 0 revenue does not receive 5 billion dollars in loans, especially when the CEO is an actual felon.
Ignoring that just does not make since.
Deffiantly the one that says they have 5 billion in loans; they do a good job at hiding it, but I included it below. Ouch 56 million deficit with 0 to show for it, defiantly this one. Scroll to the very bottom it's my favorite part. SRMX looks much better than this POS. Also they only have enough working capital until June 2022 (6 months) with all the diluting going on I would think they could make it a year.
This one, from a company that has $5B in loans signed for and submitted to the SEC:
As shown in the accompanying consolidated financial statements, the Company has accumulated deficit of $56,523,700 as of September 30, 2021 and total stockholders’ deficit of $2,514,670. For the quarter ended September 30, 2021, the Company incurred a net loss of $5,960,170 as compared to a net loss in the amount of $336,264 during the same period ended September 30, 2020. These factors as well as the uncertain conditions that the Company faces in its day-to-day operations with respect to cash flows create an uncertainty as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. Management has taken action to strengthen the Company’s working capital position and generate sufficient cash to meet its operating needs through June 30, 2022 and beyond.
Wait there is much more but have only included the parts that apply
ITEM 1A. RISK FACTORS
Our strategy in mergers and acquisitions involves a number of risks and we have a limited history of successful acquisitions. Even when an acquisition is completed, we may have to continue our service for integration that may not produce results as positive as management may have projected.
Acquisitions involve a number of special risks, including:
? failure of the acquired business to achieve expected results;
? diversion of management’s attention;
? failure to retain key personnel of the acquired business;
? additional financing, if necessary and available, could increase leverage, dilute equity, or both;
? the potential negative effect on our financial statements from the increase in goodwill and other intangibles; and
? the high cost and expenses of completing acquisitions and risks associated with unanticipated events or liabilities.
These risks could have a material adverse effect on our business, results of operations and financial condition since the values of the securities received for the consulting service at the execution of the acquisition depend on the success of the company involved in acquisition. In addition, our ability to further expand our operations through acquisitions may be dependent on our ability to obtain sufficient working capital, either through cash flows generated through operations or financing activities or both. There can be no assurance that we will be able to obtain any additional financing on terms that are acceptable to us, or at all.
SRMX is a pink sheet and has to put going concerns on financial statement, even ones with a supposed 5 billion in loans and enough capital to buy 25 billion shares back but still have to dilute to pay back much larger debt because there is virtually 0 revenue.
Every pink sheet has to put going concerns on financial statement, even ones with a supposed 5 billion in loans and enough capital to buy 25 billion shares back but still have to dilute to pay back much larger debt because there is virtually 0 revenue. Pretty crazy.
I seem to recall that SRMX would never sell any products, was being investigated by the SEC and was going to be suspended at any moment?
And Wen Shone could still fund upcoming POs, the 1-aa is for inventory and marketing purposes.
Well, I have not been here for the last 5 years and correct me if I am wrong this is the first year, they actually received POs from Microsoft and T-Mobile. I also believe IoT was not around 5 years ago which most of their tech is based on.
Although, I understand your trepidation and wish you the best.
Correct, SRMX does need capital, if they had millions in the bank, you would not be able to buy SRMX in the trips.
Being partnered with T-Mobile/Microsoft and already delivering a PoC in 2021 which cost SRMX $607,317 to develop, this additional capital can go towards building inventory and sells. Since we have already spent the cash to develop the technology, all additional funds can go to manufacturing and revenue streams.
SRMX only having $2,814,428 ($285k of this owed to Max) in total liabilities for a tech company who have already developed their tech FOR 5G and forged partners with T-Mobile/Microsoft is not that big of a hole. Most tech companies are owing tens of millions before they deliver their first PoC.
One order from Microsoft/T-Mobile could change all of SRMX money problems and is why I am so bullish.
Good evening AlwaysKing,
What deals have they inked with Microsoft and T-Mobile thus far?
Thus far- starting 2021
Q2 Microsoft – PoC for their TRITOM Azure Sphere Guardian S100
Sale $5,678
Cost of sales (4,323)
Gross margin 1,355
TRITOM Azure Sphere Guardian S100 data sheet.pdf (tricascadeinc.com)
Q3 Halo Car via T-Mobile - PoC (Autonomous car project)
Sale $14,562
Cost of sales (2,265)
Gross margin $12,297
Are there more much bigger deals coming down the pike soon?
Good question, if this was known we would already be over .05.
With them doing business with two companies that are extremely massive, when can we expect to see the money start to flow into SRMX for all of the shareholders benefits?
Q3 2022 (at the latest) - as PoC takes time and 5G is just now being rolled out.
Although I will let you know if I do not see at least a reorder from Microsoft, T-Mobile, or products for sell on the open market by this time frame I will have to re-evaluate my position in SRMX. As the time frame for capitalizing on 5G will be over.
Are they selling their products on a national scale yet?
No.
After a whole year of watching the SP fall down into the trips it has me very concerned about any and all current and future prospects of much needed deals that are hopefully on the table.
LOL, this does not concern me as the SP was raised by Microsoft video becoming publicly known (at least the reason I invested, I tend to trust a fortune 100 company) and in all honesty happy I have the opportunity to 10x my position in the trips.
Look SRMX is Pink limited company with many holes (inaccurate financials – limited cash – in need of funds – virtually 0 communications with shareholders – history of PR that has not come to fruition)
Although we can confirm in 2021 SRMX is working with 2 top tech companies (Sold PoC to both in 2021) in the newest tech projected to reach trillions of dollars in the coming years. Personally, at this point I believe Microsoft and the reason why I first invested.
ttps://www.youtube.com/watch?v=J-rODVG1nrM&feature=youtu.be&t=697
Time - 19:32
If/When Microsoft re-orders I will not be left without shares, and with all the faults of SRMX you will not find another company in the OTC who actually sold products to both Microsoft and T-Mobile concerning 5g projects under .25 in the OTC.
The choice is yours