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Read their financials....they could not pay a dividend....no cash
What you keep missing is that Boris can't play ostrich and ignore all the CDers that matured convertible debt...he HAS to do something.
I think he is the victim of the pump...no DD behind anything posted
I think he is the victim of the pump...no DD behind anything posted
1. The potential that a dividend could be paid down the line.
2. If a company is bought out, a tendered offer could be made a set price, which is generally significantly higher than trading price...otherwise the stockholder maintains a stock that likely increased in value.
It is a lot about perception of growth and profitability based financials....strongly aided by audited financials
You guys have been saying that for 2 years
I didn't want to be overly dramatic...lol
And a brand new 52-week low of .0033
But do we actually know that they gave it away???
You said it ..not per Audit...per the Company
When convertible debt note issued, the company receives the funds you are misguidely thinking they are receiving now. The CDer must hold said note for year.
After a year, The cd or in file a notice of conversion which is sent to the company and the transfer agent,
At this point the company is legally bound to honor this conversion. If there is not room in the authorized they there need to raise or do a reverse split otherwise they are legally liable
For whether they raise A/S or do R/S, the company will likely wait until after they post the year end report because otherwise they would have to document as a subsequent event...
Exactly what happened last time except they got caught.
Follow the bouncing ball. The company is not selling stock. They are issuing the stock for which they took money 1 year ago per Rule 144. The CDers sell the stock and keep all the money minus broker commission.
Please tell me you understand this .....they are paying for sins of the past....all those milllions they took in are gone....they will have to raise A/S or do a reverse to satisfy the legal contracts they have with the CDers.
Not so unbelievable that the CDers are completely in charge and whacking the bid towards trips...
You're all the only one here without a clue.... Four million dollars for an audit... Keep spouting off gems like that to show your intelligence or lack there of
.0034 x .0035...token share swaps don't explain that with 1.4 million shares traded
And the Einsteins in charge now have achieved a new 52 week low.
This board is for axxa info not his worthless gibberish of hi, if a wood chuck could chuck wood, mythical company dilutive scenarios, etc...wish the mods would take down his posts that are not on topic...like this post should be taken down because it does not directly deal with company related information
Not sure why you think so unbelievable???
That is a CDer
. 0036 x .0037 with bigger lots on ask at .004 and below....hmmm
The car wrap posted here is your nonsense
1. Completely invalid for a company that has never passed an audit.
2. If you can rationalize your way through #1, it does not take into account the 2 billlion shares of potential dilution.
Again you are clueless...audit is not $4 million for a stinky pinky subsidiary...
An otc public company audit will run you $50k or so.
Bid is .0037 ---> let's not get too uppity
Honestly....just stating the obvious for some who refuse to accept the obvious
If .004 was too cheap....why not buy to your heart's content here?
.0036 x .0037. That's taking a BIG L
Guess Tom Beck a "friendly"...whatever
Funniest post in history of ihub
You will be able to get a million shares at these prices for quite some time
400 bucks...you go big spender
The company legitimately owes 2 billions shares in conversion....indisuptable fact....any matured note can be converted upon demand....if it is refused, boris gets sued and loses....and costs shareholders even more....RS coming or AS will be raised and not to fund some bs acquisition either....
Contrary to what someone has posted, the only debt paid down is insider loans to company..... The only thing done with convertible debt is some of it has been kicked down the road.
Tickong time bomb
The published financials say otherwise
Their published financials say otherwise
A penny stock with 2 billion shares convertible
New 52-week low closing price
Fumbled the ball is being very generous
Lol....very funny
If you do watch L2, then you know better....trying to create panic buying with "hope i am not too late"? Please...