Make it, but not at another's expense
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"Former President Donald Trump's new social media platform, TRUTH Social, has been given 30 days to comply with the software's terms of license before its access is terminated. If it fails to comply, the platform may face legal action or have to rebuild from scratch.
Trump Media and Technology Group, a new company started by the former president, announced Wednesday it would soon launch TRUTH Social, a new platform aiming to "stand up to the tyranny of Big Tech." The site is being built with the open-source software Mastodon.
The Software Freedom Conservancy, a nonprofit organization that provides support and legal services for open-source software, said Friday that while anyone can use Mastodon's code for free to build online platforms, they must comply with its license that requires offering the user's own source code, which TRUTH Social has not done.
TRUTH Social refers to its platform and software code as "proprietary." Unless it changes its approach and opens up its code for users to view within 30 days, the platform can no longer use the Mastodon software it has been built upon.
“The license purposefully treats everyone equally (even people we don’t like or agree with), but they must operate under the same rules of the copyleft licenses that apply to everyone else,” Bradley Kuhn, policy fellow and hacker-in-residence at Software Freedom Conservancy, wrote in a blog post. “Today, we saw the Trump Media and Technology Group ignoring those important rules — which were designed for the social good.”
Another DJT Turd...screwing investors...bet you didn't know the company is going to flop. I guess as long as he gets his money, he doesn't care if you go broke...another lie from DJT
I told you a couple days ago it was going to go down...get ready for it.
"Former President Donald Trump's new social media platform, TRUTH Social, has been given 30 days to comply with the software's terms of license before its access is terminated. If it fails to comply, the platform may face legal action or have to rebuild from scratch.
Trump Media and Technology Group, a new company started by the former president, announced Wednesday it would soon launch TRUTH Social, a new platform aiming to "stand up to the tyranny of Big Tech." The site is being built with the open-source software Mastodon.
The Software Freedom Conservancy, a nonprofit organization that provides support and legal services for open-source software, said Friday that while anyone can use Mastodon's code for free to build online platforms, they must comply with its license that requires offering the user's own source code, which TRUTH Social has not done.
TRUTH Social refers to its platform and software code as "proprietary." Unless it changes its approach and opens up its code for users to view within 30 days, the platform can no longer use the Mastodon software it has been built upon.
“The license purposefully treats everyone equally (even people we don’t like or agree with), but they must operate under the same rules of the copyleft licenses that apply to everyone else,” Bradley Kuhn, policy fellow and hacker-in-residence at Software Freedom Conservancy, wrote in a blog post. “Today, we saw the Trump Media and Technology Group ignoring those important rules — which were designed for the social good.”
Get ready for the drop...see below
"Former President Donald Trump's new social media platform, TRUTH Social, has been given 30 days to comply with the software's terms of license before its access is terminated. If it fails to comply, the platform may face legal action or have to rebuild from scratch.
Trump Media and Technology Group, a new company started by the former president, announced Wednesday it would soon launch TRUTH Social, a new platform aiming to "stand up to the tyranny of Big Tech." The site is being built with the open-source software Mastodon.
The Software Freedom Conservancy, a nonprofit organization that provides support and legal services for open-source software, said Friday that while anyone can use Mastodon's code for free to build online platforms, they must comply with its license that requires offering the user's own source code, which TRUTH Social has not done.
TRUTH Social refers to its platform and software code as "proprietary." Unless it changes its approach and opens up its code for users to view within 30 days, the platform can no longer use the Mastodon software it has been built upon.
“The license purposefully treats everyone equally (even people we don’t like or agree with), but they must operate under the same rules of the copyleft licenses that apply to everyone else,” Bradley Kuhn, policy fellow and hacker-in-residence at Software Freedom Conservancy, wrote in a blog post. “Today, we saw the Trump Media and Technology Group ignoring those important rules — which were designed for the social good.”
Iflhdy, I reached out to IQST management and they would like you to reach out to Brad (IR Director) and he can quell your concerns. Go to their FB page and IM them...they can give you his contact info if you like.
As for me, I use these dips to buy a little here and there at a time to cost-average.
Follow the company guidance and parse through their PR's...there are a lot of golden nuggets of info throughout.
Best to you!
Knux, I just confirmed with IQSTEL that there was NO increase in Oustanding Share count, so those shares would have to have been purchased from the current share count using Capital the company has on hand.
Best to you and all Longs!
Knux,
When companies purchase shares for employees or business associates, they always get a negotiated lower price point.
In this case, they may have given him shares, but made them non-exercisable for a period of time (usually 2-3 years). In this case, they may have an exercise date sooner than that, but either way, if he wants MORE than $100K, it serves him to help get the company SP higher through performance. He will likely be hit with capital gains on that, and that amount is not pretty.
This incentivizes people to work for the company to make it do well, because the bottom line is their share price is affected, so it serves them to ensure it rises.
They may have purchased the shares from the existing pool as well, rather than issue new shares.
Best to you and all Longs!
StockStud22: In order to retire those shares it will be problematic.
Current share count: 1.2 Billion
Assuming new share count: 200 Million
That means, to retire 1 Billion shares, at an average cost of $0.30, the company will need to pony up $300 million to purchase and retire shares to get the share count down.
Anything less, and this is a worthless reduction. If an investor decided to put up the money, they will want collateral, and that will be shares, and you're back in the dilution business.
I have other stocks with this same problem, but they are sub penny plays. I do not consider them solid companies, rather merely plays. To consider them solid, they would need to reduce share count, but they won't, and honestly, at these prices, I do not believe ILUS management will spend the capital to reduce the share count.
Again, solid product, but share count will kill this in the long run, or it will never hit and hold anything above the current run.
My $0.02...best to you and all on this board...been there, done that.
DoubleDD, I understand your enthusiasm, but please take heed...if there were a buyer for every seller, you would have a neutral game with zero movement.
Best to you...be smart!
StockStud, I agree...I had not heard discussion of retiring shares, but they will need capital to do that.
This needs to get down to between 100 mil - 150 mil shares OS, and if they are able to do that, this is a solid company with the capability to hit dollars.
Like I said, I did profit, and I will buy back in when it settles out...but if you are in it now, you may be better off to pull out and buy back after the dust settles...
I have seen this "slow drip" drop on other pennies...they drop it, everyone says "it's going back up" and it does a bit, then drops even further, and repeats. It's a sign wave on a downward trajectory.
Best to you and all on this board...this is a great stock, but needs to resolve the shares...
Stockplayer-11, I sold out in the mid $0.30's and could've waited a bit longer as it reached the mid $0.40's but given that this stock rose so fast, it was risky to reach higher levels.
I am not here to be a saviour, but rather to give insight since people can get caught up in the hype and keep thinking "it'll go back up"...
I think this will drop to mid teens and then settle out upper teens to low $0.20's for a while.
Once they have the OS resolved, it can run...I hate RS conversations, because they can kill a stock, but this one can easily overcome that because it has the right product lines.
Best to you and don't take my posts as anything other than informative.
I will try once or twice more, but this one will slowly walk down back into the teens people. A meteoric rise to mid $0.40's from $0.08 is a quick indicator.
Retrace always follows. Be safe and pull out now, wait until it hits the teens and then buy back in...you will double your share count. That will be important because IMO they will need to either R/S or retire shares. My guess is they do not have enough capital to retire shares, so you do the math.
Again, I like ILUS' product and this stock, but there are too many OS for this to be at $0.50 even with a multiplier of 3X-5X (which is relatively low.
Can they get there? YES...but not in the current state.
Best to all of you...be careful...slow walking a SP down is like slowly boiling a frog...he won't jump out if the water is cold, and as it heats, he will just sit and cook.
The time to transition "generally takes four to six weeks to process a listing application but this time frame is variable and may be shortened considerably, if the application raises no issues and the company responds quickly to Staff comments."
Now, we are one step closer to Institutional investments. You all asked for "show me, don't tell me" and the company did just that.
For all you on the sidelines, it's time to stop with the "I'm not sure yet" and put on your big boy underwear...this one will find the catalyst it needs, and move upward quickly.
Best to all Longs!
Folks, as I mentioned before, I sold out of ILUS, so I am only here to let you know that this will retrace.
Volume will slow, and those who continued buying on the way up, hoping for the 2X, 3X bagger will sell off for a smaller profit and it will pull back slowly.
That said - ILUS is a solid company with some great product, but the killer here is the Outstanding shares. The company should retire shares/repurchase and bring the OS down.
In the future, ILUS will be a heck of a stock, but not until they deal with the elephant in the room (OS).
Best to all on this board...just popping in. See below for my previous "heads up"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166071292
Well stated Stock Investor21. We live in a "microwave" generation. All these people who have ZERO patience. They put something in the microwave for 1 minute, and are so impatient, that they stand there waiting, and stop it at 58 seconds.
This is a LONG play...it is not an overnight sensation. Go outside and play in the street if you need something to do.
Long on IQST...Best to all longs!
Iflhdy, never discount a Penny Stock with promise...remember, Microsoft was a Penny Stock in the 90's...lots of Castle Owners from that play.
Best to you!
Thanks Crawfors...I don't know a ton about the requirements for either of them, but I was aware of the tiers. I was digging into it and noticed the $100 million revenue requirement for Intl Premier.
All said, we'll get to that soon, but for now I am good knowing they are taking steps to get to Nasdaq.
The financials for 3rd/4th quarter will tell where we stand for that. We have all been waiting patiently for this one, and it will hit...
A little over a month to go for 3rd results...QX folks! Let's get there!
Best to you and all Longs!
James, I PM'd management for a bit of clarification on the application and whether it was to the U.S. Tier or Premier Tier. Not sure you or I would have clarity to that when investing, but institutional firms would know when researching the company.
Waiting to hear back on the application.
Best to All Longs!
I became the impatient investor last week...took a bit of cash and picked up another 10K shares - that's not a lot, but I still am holding a bit should it drop again...
Had an order in for $0.42, but it didn't fill...bought at a penny more. This typically goes against my better judgement, but better to kick myself for a penny, than to regret losing out on dollars!
Best to all Longs! Have a great week!
Not bashing folks. I did sell out this week for a nice profit, and will buy back in once the horizontal churn stops. IMO, this is a great long term company, with a product that reduces water consumption to put out fires and kills grease fires.
However, at the moment, this is still a Pink company. To get to Nasdaq, it will require 90 days straight of $2 or above. I am in IQST, another great stock, and it recently bumped to OTCQB with the QX being its next step. Point is, NASDAQ is not going to be a 6-9 month window for ILUS - they are likely looking at end of 2022 or 1st/2nd qtr '23.
At this time, the quick runup (to me) means it will retrace back down. I say this so that if you are looking to pick up more shares, wait 1-3 weeks for the price to stabilize back down. Remember, there are 1.2 Billion shares outstanding, with a normal multiplier being 5-10X, at this time there is no way this is a $2 Billion company.
they will need to speak to a R/S on this to bring the share count down, but all in all, it does have some good upsides, but not at this price level and share count.
I tell you this to make sure you don't get swallowed up in the fervor of the uptick...IMO, it will retrace back into the teens...
Best to all of you invested...I hope you can make some good coin!
Lowandaway, this is always the case for most stocks. The churn between 10-Q's, and in this case, some of the PR's.
I agree with Crawfors on this that Q3 is going to be the first potential catalyst for this stock (he mentioned Q3 being the results of Smart tank, etc) to demonstrate an improvement on revenue and profit.
One just has to look at the Dow over the last week to see this type of churn. Of course, Evergrande in China didn't help, but anyway, as we approach Nov, I believe we are going to start seeing an anticipation for results that drives this up...but for now, being 1-1/2 months from mid Nov, we are going to be in the "Meh" mode unless they come back from the show with Great News/signed contracts/etc.
Best to you and to all Longs on this...
oldman, I don't have any penny desalination (I always spell it desalinization, even though that is wrong...lol) stocks currently held, however WTRG & AQUA are good water stocks, but are not penny stocks...OCLN is a penny stock I have looked at and it deals with Reverse Osmosis which is one way to desalinate water - it's also cheaper than the heat method from an energy perspective.
Given that AQUA has quadrupled in a little over 3 years and is sitting around $40 now, gives me hope that a penny stock like OCLN will rise. Water stocks, solar, wind and EV stocks are the future from technology side.
My $0.02 as always :)
Best to you
Thanks Crawfors...wondering on the future viability for oil/gas related stocks since the future is likely to be EV. Looked at the trend from 2018...wondering if that is gonna continue down. I'll keep an eye on it though...it might have some potential.
If they are doing water recapture/purification, then that would be another thing...
Another sector that will be hot for future plays is desalinization stocks. We are running out of clean water, and like the Middle East (been to Saudi myself), desal'd sea water is how they do it...
We are trending that way too...all you have to do is look out West (AZ, NV, CA) with TX next.
Best to you and thanks for the tip :)
Best to all Longs!
rab, I know a couple of your investments...too many OS...when you have penny stocks with 3-5 billion OS, you know the inevitable is a RS like 50:1 or such, and then the inevitable fall from that point.
RS as you are aware, are almost always the "death gasp" for a stock. However, the greatest potential for rapid rise comes from Pennies - time will tell.
Hoping your plays work out for you, but fundamentally, of all those in comparison to IQST (including ILUS), IQST is the strong play. Those others are plays based on hype IMO, since there is not a lot of substance driving them.
I do agree with you that volume and lack of catalysts are driving this down, but that will turn.
Give this one time...my partial order is in at the low $0.40's so I will find out if it is filled.
Best to you on your investments...Best to all IQST Longs!
rab74, your message on "don't try to catch a falling knife" is true, but more than that, don't chase a stock vertical. ILUS will fall again IMO, and when it does, a lot of people are going to lose out as they chase it back down, constantly changing their limit price as it falls.
Imagine those two days ago that bought in around $0.40 and it fell back to $0.28. When it falls again, it's going to hurt people financially. Remember, it's a Pink Stock - great technology, but nevertheless, a Pink.
Aside from that, IQST has been slow-trending down due to volume and lack of investor enthusiasm, but if I can continue to pick up shares on those lulls, I will...and in the long run, all the 100%-300% small plays that might happen along the way will end up being peanuts in the grand scheme.
Best to you and all Longs!
Thank you Oldman! I really appreciate the positivity and posts you put out. Most are "short and sweet" and that is the best way to relate to people.
Keep bringing your level of enthusiasm and knowledge to the board - we are better off for it.
Best to you and all Longs!
rab74...bought in at $0.08...sold at $0.33...not complaining at all. ILUS is a good investment, but as with all fast trends up, come the fast (or slow) trends down. So almost 300% in a few months...well, I consider that a great play.
I like ILUS, but I like IQST much better. Granted, there have been missteps, but fundamentally IQST is much better positioned in the long run. I have my buy order in, and if it hits, then I scooped up a great bargain.
IQST will play around this zone for a while, and unless something pops, we will need to wait until November for the 10-Q. It's the nature of the investment beast...the lulls between Quarterly results and the "hype" followed by "sell on good news" cycling.
When ILUS settles out, and crawls back down, I may buy back in - the water saving technology is going to be huge in the future, but they need to start showing more progress - they are, by the way, still Pink. It is still seeing those "dead-cat bounces" IMO.
IQST is one of my long term OTC plays...this time next year, there may be some wealthier people on this board.
Best to you and ALL Longs!
In order to get to the NASDAQ, ILUS is going to need to do a reverse split to reduce the number of outstanding shares.
I'm thinking it's probably going to need to do a 20:1
Thoughts?
I sold out of my interest in ILUS (bought at $0.08), so I plan to pick up some more IQST...I don't want the SP down, but the chart is trending it down a bit more...that just means I can get more shares.
Hold your shares folks, and don't sell. Long and Strong on this one! Buy the dips and cost-average when you are able!
Best to all longs!
Heading North again, unless the signals are wrong.
Knux, yeah the Evergrande fiasco was unforeseen, but it will get reigned in quickly by the Chinese Govt...earlier, Futures were up so hoping that translates into a jump in the market today.
Waiting to see how ILUS performs today...I may or may not pull out of that one (in since $0.08). If I sell out, I will be dumping over to IQST to increase my portfolio.
ILUS is a good investment given the technology they own for fire control using minimal water (in 5-10 years, that will be HUGE) since water shortages are becoming more prevalent.
Anyway, I am here for the LONG Haul as are a lot of others...Best to you and to all Longs!
down to almost 700 points for Dow futures...Evergrande is dragging the entire market down.
$300 Billion debt & owns 6.5% of the land debt...we'll see how this fairs across all markets...likely a 2-3 day impact and then stabilization and recovery.
A person can watch the market each day and ride the daily rollercoaster, or can just put themselves on autopilot and cost-average their investments...
I'm more the latter...
Best to all Longs!
coot, I believe (based on the message they posted) that the next step may be OTCQX, then Nasdaq.
Either way, when this hits, there are going to be some really happy folks if they hold.
Best to all Longs!
Please don't feed the pigeons...they just hang around and shit on everything.
Best to all longs!
Axle1, for Pokerstar, keep this in mind from another long on this board(RussianTrader):
"Please don't feed the pigeons. It only makes them stick around longer and shit on things."
and remember, those who are out to find or create pain in others, Karma finds them...
Best to all longs!
Rab74, I am breaking the "feeding the pigeons" rule here, but a point needs to be made.
Reverse splits generally DO NOT do well - as a matter of fact, they tend to kill companies. they might spike the price initially, then the inevitable fall occurs to even further lows.
That said, there is ZERO reason to do a R/S for this company given the O/S and Float. If this company had 20 billion shares O/S, yes, a R/S is an inevitable reality - this company is not even in the vicinity of a company that needs a R/S.
If anything, this company could use the pool of issued shares to raise additional capital for more investments in other sectors, or improving their stake in current ones.
To suggest an R/S for this company is good is disingenuous and short-sighted, and reeks of a person willing to harm the share price to capitalize on others' losses via scare tactics.
This is a long term hold, and for those who are able to put aside the "pigeons" that fly in/out, their long term hold will pay dividends.
Best to all longs
Looking to Nasdaq! One of the asks initially was for the company to apply to the QX. In reading the last release, I wonder if this is the interim to Nasdaq, which in my mind is good.
I would like them to be on Nasdaq now...fundamentally they can be there, but the $2 for 90 days can be a challenge with MM's and Algorithms, so QX would be another open window for more investors.
Anyone else catch that in the release?
"Mr. Iglesias commented: "The Independent Audit Committee is one of the corporate governance prerequisites for both the OTCQX and Nasdaq. At the same time, the IAC will serve as a resource that can bolster investor and shareholder confidence in the company's transparent management."
Best to all...this is a long hold play...and it will pay to hold!