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This is a known Scam Company headed by Serial Scammer Brian Conway.
Unless investors are day flipping ( pump & dump etc ) best to avoid.
Nice to see the new ATH, interesting the actual transaction count hasn't really changed that much (Yet)
https://bitinfocharts.com/comparison/bitcoin-transactions.html#3m
This would suggest a few high value transactions are driving the price... No issue, but not showing wider adoption... BSV isn’t increasing transaction counts either, and for them, thats far more important.
If there is any truth in the debt restructuring plan with the toxic lenders, I expect this is how it will play out.
1) PR Released stating all Debts had been resolved, no more dilution
2) Dilution will indeed appear to have stopped
3) No buyback , but hey, at least the dilution is over
4) Fin out shows NEW Toxic debt that dwarfs the old. ( that wasn't in the PR )
5) After a year Dilution restarts greater than before
Dont forget the RS, but i think that will happen anyway..
Don’t believe me ?... Look at OZSC, another of Conways / Waypoints Scammy Stocks
Its mostly dilution..
Interesting on Waypoint they are pumping a debt restructuring plus mass stock buyback.
No real info how, but is probably the reason the price is holding atm..
I think your safe, this company doesn't do any REAL business with ANY state....
I assume Conway is on the board of one or more of these Toxic firms, that’s how the Scam works. Do we have him registered as a partner on any of these firms. Or any family members ?
Knowing his wife’s maiden name would be a start. Or look for any children that would be old enough to be registered onto the board of directors.
I assume he would not register under his own name, but you never know..
Of course, its why AITX has dropped 99.999999% over the last 2 years, and will continue to do so.
Split adjusted, this was worth $176,000 per share. Now its $0.0012.
Thats what toxic dilution does. Its there for one reason only, funding scammy companies
Better off throwing cash into the fire.. At least that would keep you warm.
OS number in context.
08/24/2018 Reverse 1:100
03/27/2020 Reverse 1:10000
3rd RS expected early 2021
Mid April. 400k. ( following 10000:1 RS was 4 billion)
Mid May. 2.3 Million
Mid June 17.2 Million
Mid July 152 million (Restated 196 Million)
Mid August 446 million
End September 843 Million
October 1.504 Billion
November 1.889 Billion ( Updated Daily )
Since April for every share in existence, they have diluted over 4000 new shares.
OS prediction for End of November is 2 Billion+
Share Price expectation 0.001 ( lower if trading allows ) and NO BID
Updated OS 1,889,573,434
Another 111 million added
As did you,
Great minds think alike
Good day, nice to see this actually trading with the crypto market....
I just let them know, thanks for that...
I know this is an old post, but he has money now.
Pop onto OZSC
Conway caught in a lie. He was on Discord and stated that there was ZERO dilution in the quarter.
They are understandably annoyed, as 100 Million was added. I think however they are missing the 4 million Bonus which had far higher dilutive potential.
Read Carefully - 2
This is the exit strategy for Conway when the shit finally hits the fan. There are 1000 shares of Class E with a fixed cash-out value of $1000 each. ( 1 million straight out of the company whenever they want it )..
This can be taken straight out of the companies funds with no notice should they need to do a runner....
On July 7, 2020, the Company filed a Certificate of Designation with the State of Nevada of the Company’s Series E Preferred Stock. Under the terms of the Certificate of Designation of Series E Preferred Stock, 3,000 shares of the Company’s preferred stock have been designated as Series E Preferred Stock. The holders of the Series E Convertible Preferred Stock shall not be entitled to receive dividends. No holder of the Series E Preferred Stock shall be entitled to vote on any matter submitted to the shareholders of the Corporation for their vote, waiver, release or other action, except as may be otherwise expressly required by law. At any time, the Corporation may redeem for cash out of funds legally available therefor, any or all of the outstanding Preferred Stock (“Optional Redemption”) at $1,000 (one thousand dollars) per share. The shares of Series E Preferred Stock have not been registered under the Securities Act of 1933 or the laws of any state of the United States and may not be transferred without such registration or an exemption from registration. On July 10, 2020, pursuant to the SPA with PCTI, the Company issued 500 shares of Series E preferred Stock to Chis, and on August 28, 2020. Pursuant to Mr. Conway’s employment agreement, the Company issued 500 shares of Series E Preferred Stock to Mr. Conway. As of September 30, 2020, there were 1,000 shares of Series E Preferred Stock issued and outstanding.
Read this carefully,
1) it shows that Conways D class shares are un-impacted as the OS increases due to toxic debt. When converting, the Total D Class shares covert to 3 times the current OS ( on the day of conversion )
2) you think there are about 3.1 billion shares outstanding ( as of last official update). That is only a QUARTER... Class E is 3x so in effect today 9.3 billion more shares if converted today.
Thats 12.4 billion total.... 3 quarters hidden away unless you understand the impact of Class D Shares..
On July 10, 2020, pursuant to the PCTI transaction, the Company assumed an employment contract entered into on February 28, 2020, between the Company and Mr. Conway (the “Employment Agreement”). Pursuant to the terms of the Employment Agreement, Mr. Conway is to receive an annual salary of $120,000, for his position of CEO of the Company, payable monthly. Mr. Conway was issued 2,500 shares of Series C Preferred Stock. The Company valued the shares at $5,000. On August 28, 2020, Mr. Conway was issued 1,333 shares of Series D Preferred stock and 500 shares of series E Preferred Stock. The Series D Preferred Stock is convertible in the aggregate into three times the number of shares of common stock outstanding at the time of conversion. Mr. Conway owns 6.67% of the issued and outstanding Series D Preferred Stock, and based on the 3,107,037,634 shares outstanding on August 28, 2020, Mr. Conway’s Preferred Stock is convertible into 621,253,401 shares of common stock. Based on the share price of the common stock on that date of $0.0065, the shares were valued at $4,286,648 and recognized as compensation on the accompanying unaudited condensed consolidated Statement of Comprehensive Loss.
Some are restricted to 0.001, but its not always the case, and i have no idea what limits are on OZSCs Toxic notes. If there are no restrictions it can drop to 0.0001 and go NOBID until the RS resets for the next cycle.
In general I like the deal between BTC / PayPal. Anything that drives the price upwards is good for miners like UAMA. I see this as perhaps it’s first legitimate usage. A bit like the early days of the internet when the vast majority of the traffic was porn, today BTC is mostly crime based and Holdals, treating it like a stock.
I do see some issues. The main one is it doesn't scale. So if volume picks up like PayPal thinks it will, they will hit a wall, and the transaction prices will rocket.
The second is those transaction costs. Been charged €20 if buying a car is probably OK, it’s not for your normal PayPal type purchases.
BTC is going to have to grow up pretty quick, or PayPal will dump them for a coin that scales, and transaction costs are low.
In the shorter term however, sit back and enjoy the ride $30k BTC is very achievable.
Crag v Ira now delayed to June.
https://coingeek.com/kleiman-v-wright-delayed-to-june-2021/
More importantly Lynns case to prevent Ira using the company as a vehicle for his Case is on the 3rd December. If Lynn wins that, its over...
Adjusting for both REVERSE splits the stock in 2018 reached $120,000
This represents a 99.999999% loss for anyone holding this stock over 2 years.
Why people think this is a great investment with wonderful management is beyond me.
With another RS just around the corner, similar loses are to be expected.
I was been flippant.
The mention of Bonus surprised me.. Bonus for what ? .. zero revenue...?
Increasing the OS. ?
Decimating share holder value ?
I hope to God you are wrong... but expect you are probably correct...
Ordering a Tesla... maybe if he puts OZSC batteries in it, he will at least be unable to move around...
You are right on one point, the product exists, and there is a market for it. However the issue with debt is crippling not just the investors, but the company as well. There is about 6 million in toxic debt which we often discuss. Its what drives the losses for investors and maintains the ever rising increase in the OS.
However, the total debt is currently 32 million. In the last quarter alone another 7 million was added. There is no sign this is going to get any better any time soon.
When AITX fills an order ( lets say a ROSA ) it costs thousands to build in a workshop that is not geared for mass production. Each one is hand built / machined. Costing the company. The ‘buyer’ dosnt actually buy, they rent.. it takes years of rental before AITX breaks even.
The sad result of this, is that the more they sell, the higher the debt goes. The model simply doesn't work.
What AITX needs is hundreds of millions invested to build proper production lines and a marketing channel to sell / rent thousands of units. Accepting debt early on, but ultimately making huge profits. That will not happen here. No serious investor would touch this company with its current debt / share structure.
The only exit for the technology is to spin off into a clean shell and leave the current investors and debt behind.
Why is is wife driving a car funded by OZSC shareholders ?
OS update 1,778,415,915
Another 100 million shares over the last few days.
Over 250million added in November so far.
Both, but mainly Dilution.
Just under 6 million in Toxic debt. Converting as fast as they can for 3 years now. Two RS already done, a 3rd inevitable.
Running costs last quarter put them 7 million in the Red... the more they make, the more debt they build.
This is not a real company, just a scummy share scam.
Thats why its dropped from $2 to $0.001 in just 8 months
And why the OS has risen from 400k to 1.6 Billion in the same timeframe.
Only the deluded invest here.
Cool S&P finally confirmed.
Great news
It’s interesting, as normally NT filings answer no to both questions and recently simply blame COVID for the late filing.. he has not done that.
I think there could be a material change in there. I suspect it’s not good. More debt or significant shares given out. Something that investors are not expecting.
We will see... but for him to select YES, is to cover from legal challenge.
NT filed
https://ih.advfn.com/stock-market/USOTC/ozop-surgical-pk-OZSC/stock-news/83695755/notification-that-quarterly-report-will-be-submitt
The registrant anticipates a significant change in its results of operations for the period ended September 30, 2020, as compared to the period ended September 30, 2019, as this is the first quarterly report the registrant is filing following the completion of the stock purchase agreement entered into with Power Conversion Technologies, Inc. on July 10, 2020. This report will have the combined financial statements and a reasonable estimate of the results of operations could not be made as of the current date as the registrant’s accountants are still preparing the registrant’s results of operations.
We will see, but i am not sure the MMs will allow... it could just go NOBID and freeze at 0.001.
If it does drop to 0.0009, then 0.0001 wont be far behind. Again, i doubt the MMs will allow it to go lower.
I consider 0.001 trips....
Note. Last RS ( 1:10000 ) it was from 0.0001... but its not a given.
The way they were holding at 0.0011 and now 0.001 to me suggests its the end... hard to tell,
It’s possible MMs will not let it go lower than 0.001, and just go NO BID.
If they let it drop to 0.0001, it could take till the end of the year before it bottoms out.
Only one of those above 0.001.
At 0.001 I see 23 million that can still be burnt through
I wonder how the proposed WiFi tower in Point Roberts is going. Was supposed to be up and working by the Summer.
The Crowd source was an unmitigated failure, but was claimed Independent funding had been secured.
Bid / Ask volumes showing buying is now almost completely gone above 0.001.
Without another Pump / Dump volume will completely dry up at no bid..
3rd RS inevitable
Also starting to see a lot on Green on the volume bars... another sign NOBID is very close.
Also worth noting, toxic debt will be rising quickly when volume is low, 24% Interest on the Notes is not close to been covered.