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This deal, looks like a deal, that was floating around in the nineties all the way into Obama's term in office. It was called ecotality, which eventually went bust! Their claim was hydrogen fueled municipal busses. They were located in Phoenix AZ then changed headquarters to Scam Francisco, CA (a complete political green energy hoax). More then $300 million vaporized!
https://en.m.wikipedia.org/wiki/ECOtality
Ps. They too had a fake bus on display in AZ, Pathetic.
Plus, everyone he did a deal with can't wait to get their stock to sell it.
Ouch
Most companies report finacial in thousands in US. Dollars, except share and per share data.
So, sales are a measly million bucks and the cap structure is 67,000,000 + shares with $6 million in cash and its located in Malaysia?
Is everyone turned crazy. You can't find anything better. Go to a casino at least you can have a little more fun.
Thank God par value is .0001 So, investors has some protections on the new shares issued protections...oh. sorry that only means they can't do new financing for anything less than .0001. Meaning this is only making newly issued discount conversion price stock valuable. In other words probably all new structures have look-back discount provisions.
Another convertible debt machine.
I only interpret dreams I don't dream them. Ask Nebuchadnezzar he knows he's the King.
And, could always reverse the stock too to meet minimums requirements to keep listing, I believe?
Which usually always creates a death spiral right after But, in this case they do have cash. So it wouldn't be to bad and at the same time increase authorized again planning for next step being a merger candidate.
Reg's would accept that.
Reg plays?......work too!
I seen the future for NAKD. They'll cut a deal, it will be announced, the stock will rip massively higher.
The terms will be disclosed, the stockholders realize they've been bagged and the stock will free fall like a rock.
Be ready to pull the trigger on any surge in volume/price jumps and definitely sell on any deal cut.
Cash is cheap right now and easy to get. But, you can make a few bucks on this deal. But, sell and don't be over zealous.
This is a mess.... way to much stock issued and it has to be completely restructured ground up don't get caught up with those problems.
Just my two cents,
Good luck
Why would anyone with a high value company do a deal with NAKD?
Underwriters are looking 24/7/365 for good deals. Plus, no need to give away any addtional dilution.
They only deal this is going to find is broken in which they don't care about dilution. This deal is for the bankers.
The old saying is...."if you're out of the room, you're out of the deal" and stockholders are always out of the room when these deals are cut.
Invest in this? Is like walking to the nearest fireplace and tossing your cash in.
906,000,000 million shares outstanding.
270,000,000 cash.
Management has no ownership so no incentive unless they give themselves NewCo stock meaning working against the shareholders.
New shares to do a deal will be insane. Then another reverse stock split will be required.
Value in cash .29 cents USD
After any deal you'll be so diluted out of existence. Only monet made on this is Broker's, attorneys and accountants, stockholders....nope!
On 6/4/2020 there was 849,658,893 shares outstanding. On, 10/27/2020 there was 1,251,156,838 shares outstanding. All while a 15-12g was in effect. Now there's 2,611,755,546 shares outstanding. How is this possible while under a 15-12g status.
Where's the stock who has the stock?
Off shore where is this paper?
Where is the 1.796 Billion Shares?
The good news is.....
There is $664,000.000 in cash on the books. But, the bad news is the burn $130,000,000 last quarter.
So, you have 4.8 months until you're needing more MONEY! You better pray for a good market and willing investors.
Burning through $1,533,000 every day!
Nope,
I see a value of $1.50 a share without additional funding
This post is one of my favorites.....Thanks for posting it.
One employee interesting....at this point I'm thinking they might have a lot of employees but maybe off shore? That would account for this unbelievable trading volumes. When I saw $25 million dollars worth of stock trades two days in a row. Then multiple $5 million dollar days. Some thing is very wrong!!
Where's the 1.796 Billion shares Diamond Hands?
Question? Shouldn't Video River Networks, Inc. be register as an Investment company since all the money they make is from investments? (Buying sell securities) Investment Company Act of 1940 and the Investment Advisers Act of 1940, longstanding market regulatory laws.
Just wondering....
https://www.nasdaq.com/articles/ackman-says-spac-does-not-need-to-be-registered-pushes-back-on-lawsuit-2021-08-17
Maybe the tent is a covid check point when they take the property under the laws under Eminent domain to process imagrants? It is new and it can finally be used to make money. Because I see no charging stations for trucks, why is that?
The company does have a history of fibbing.
Had to look that one up....
https://www.cyberdefinitions.com/definitions/DIAMOND_HANDS.html
They owe everyone an explanation who's got the diamond Hands.
1.796 BILLION SHARES missing in action and everyone is suppose to just shut up because there in Diamand Hands.
Now I've heard it all on the DRNG board.
Thank you
Please ask the genius where 1.796 billion shares went.
Much appreciated in advance.
I use to believe until the outstanding stock went from 800 million to 2.6 billion with zero explanation besides 4 million shares. Does not make sense??
Just let everyone know....where the hel! did the 1.796 billion shares go?
FORM C = 4 Million shares what about the other 1.786 billion? This makes zero sense. What happen to the other shares?
Do the math 1.8 billion x's .005 = $9,000,000 mostlikly it was more? Something is very wrong Here!
All for $20,000?
Shorts? The company issued 1.8 billion shares in the last year. Total BS about shorts. This is STUPID!
Our lying eyes model....very clever.
Make money while you're waiting....Puts!
Of all days this dog is up.....now you know you've been had!
Adding more puts...
I like this deal a lot, WOW!
Same here....I sent an email and got nothing back. But, I see what has been done and I know something is going on because everything is current and looks to me they're moving forward. But, they really don't bother with the PR side of the buisness.
I like what I see and I do tell my friends about what I've found. I've bought stock before this way then all of a sudden they start moving. So right now I believe we are in the accumulation phase of this stock and the company isn't ready to talk. To me that's OK. I've seen this before on small stock that are legit. Their just not ready for what ever the reason is, I don't know. But, I like, what I like and I'm will to take the risk.
Best of luck to all of us.... go DUKE!
Same here....I sent an email and got nothing back. But, I see what has been done and I know something is going on because everything is current and looks to me they're moving forward. But, they really don't bother with the PR side of the buisness.
I like what I see and I do tell my friends about what I've found. I've bought stock before this way then all of a sudden they start moving. So right now I believe we are in the accumulation phase of this stock and the company isn't ready to talk. To me that's OK. I've seen this before on small stock that are legit. Their just not ready for what ever the reason is, I don't know. But, I like, what I like and I'm will to take the risk.
Best of luck to all of us.... go $DUKE!
In the old days short would hope the deal would go bust and they never had to cover. What's different now?
Double post oops
These deadlines remind me of...
rakp...I would like to add this....
Your first paragraph you said:
"Formidable and impressive no doubt and I am sure you have to bring a lot of food to the table to keep these people happy."
My reply to your words.....
I get NO FOOD, STOCK OR CASH. I've bought this deal because I like this deal and I'll tell all my friends about it too. They might buy a few shares as well.
I like finding small ideas that have a good shot of becoming a big oppertunity. I always have and I always will, until I drop dead.
So, be as clever as you want. Buy it or don't, I don't care. But, If you're here looking, you must admit it looks really good.
I bought shares because I like what I see:
1. $million in cash
2. Stabilization Patent issued in June 2021
3. Solid management team going after Government buisness first.
4. Tight shares structure.
5. Clean public company that is full reporting.
6. A product that's got a he!! of a lot of sizzle with drone technology.
What's there not to like?
Question...does the new rule apply to DRNG?
https://www.otcmarkets.com/corporate-services/information-for-pink-companies
UPDATES ON SEC RULE 15C2-11 AMENDMENTS
The upcoming implementation of amended SEC Rule 15c2-11 will require that all companies quoted on our markets must disclose current information on a continuous basis, effective September 28, 2021.
Word is 2,700 companies will getting booted if not in compliance.
Frankly I don't care....just execute the business plan thats all anyone cares about. But if .0066 was a good deal for 22 million shares + a dividend. So, why not add more and show us all it's a bargain at that price, right?
Imagineeering and dreaming I too do that but fact is....they should buy more.
Precluded would be before announcing...NOT after!!
Come on MGT buy now.