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Awesome, that will be interesting to hear what he says. If you get a response please report back here.
I have a good idea what he would say, but better to hear from management, rather then this clown and long time shareholder. This is the otc, nobody cares about companies past 1 or 2 weeks, quick flips is the name of the game down here. I will say I'm 100% sure Geordan is not interested in appeasing short term flippers.
As Warfare said when they (the company) are ready, then we move and there will be so much momentum, you wont have to worry. Getting over 1 cent like it did, was a test. Look at all the other gazillion bloated stocks that have run in the past year, who cares about dilution, lol.
All imo, of course.
Instead of taking out additional bad debt notes that can convert to shares, until such time as profits exceed income(as a whole), they decided to get a line of credit. Keep in mind, the net operating losses went up, off setting losses to end up using them later to reduce tax burden.
I believe there's overhead of BYOC, while S800 business in of itself is self sustaining, is how I read things. BYOC is a holding company nonetheless, and it takes money in lawyers, accountants, travelling costs, looking for acquisitions, meet with owners and making deals. It all takes money and time. People think this stuff is easy, and its not.
You can look up why businesses use lines of credit:
A business line of credit can be a valuable tool for small businesses that take a strategic approach to making sure they have access to the resources they require to meet day-to-day working capital needs and fill other short-term financial necessities. It allows them to apply and qualify today for borrowed capital they may need down the road. Many businesses use a line of credit as part of a larger capital access approach including short-term and longer-term financing to fuel growth and fund other revenue-generating projects.
Here is the 8k and acqs news and they also released an acquisition of CCS which they used this line of credit to pay for the acquisition.
https://www.otcmarkets.com/filing/html?id=13834995&guid=AnFpUaRr5AzH33h
https://www.otcmarkets.com/stock/BYOC/news/Beyond-Commerce-Closes-Acquisition-of-Customer-Centered-Strategies-LLC?id=250672
Ahh yes, they were able to get a line of credit of 5.1 million from a bank of some sort. There was an 8k on this, late 2019/ early 2020 if I'm not mistaken.
Obviously they had enough assets/ revenue to justify taking on a debt level such as this, which is a good thing and showing they are credit worthy.
Are you referring to the 5 million that was used to buy S800 in 2019?
BYOC was a shell previous to acquiring S800, if you weren't aware.
I'd rather it stay here so I can accumulate more. I can get more shares down here than at 1 cent and above, for same exact amount of money.
And I can be patient, as well, lol.
Does it bother you that much?
I mean, stop the accumulation into long term hands, to provide capital for future growth, expansion, etc. Not ideal, but companies that are expanding and have a business plan for growth need capital up and beyond their profits in order to grow, especially since this is technically a start up, so to speak.
Did you listen to the video?
Picked up a few this morning.
A LOT
+/- 5 or 10 cents... Lol (a snicker, giggle, smirk, big smile), yes, I'll take that prediction range comparison with ya!
I've been around long enough not to give predictions, as well. I don't mind showing the math, industry benchmark data, articles, etc. Then people can do the simple math and make conclusions for themselves. People need to make there own determinations... their own work and DD.
Oh, and good gracious god!!... I don't want to be confused as a pumper! Lololololol.
Gosh, if I've been a pumper, then my pumping license should be revoked and my azz fired, cause I've done a loosely job at it these past 3 years!! Buhahahaha
Unless someone or "the MM entities" are not shareholders and profit if the stock goes down... that's how they make green. They don't care about anything how the company is doing or progress being made in the right direction long term, as long as they can make money, and make the market, as they call it. Lol
I really liked WSB's this year, bending over the hedge funds that bet against companies and rape retail investors. It'll be interesting the subsequent actions resulting from this, as well. It will be awhile before (or if at all) they can level the playing field.
Also, if you truly are a shareholder, you should be happy progress is being made and money coming into the stock, so you can sell off and maybe break even when future catalysts move pps higher. Also Pps is higher than last year at this time, it got over a penny this year, an institutional investor invested 1 million dollars with shares valued at .01, plus the company didn't close or go bankrupt during the epic pandemic, in fact it did slightly better over previous year in revs, despite it all.
I love comparisons and thank you!!... you must know me well.
While I only skimmed OZS., I have surmised both of companies are early start ups, so to speak. Even though S800 of BYOC has been around for 25 plus years, clearly previous owner(s) didn't grow the business all that much and stagnant, plus the finances of S800 needed quite a bit of cleanup, before Geordan and team could move forward with a business plan and goals. Seeming the previous owner is sueing BYOC, shows she has intent to rob her own company for personal gain or felt entitled. I don't believe Geordan and BOD agreed with this, lol.
Both BYOC & OZC$ are in completely different industries and structures, so some big differences in products/ cost structures. But they're both in OTC too.
Why the difference in pps, idk why.
I'll speculate a bit here.. Like most intelligent forward thinking CEOs & BODs, you want long term institutional ownership in your company. I believe Geordan and BODs idea to get shares into long term hands is to make the pps so God damn cheap its irresistible. Perhaps investors are thinking just the same way as typical otc traders (except on a longer term and ton more $$$ basis)...eventually as progress, big news, catalysts or when the market finally finds this gem, they will slowly leak some on the way up and get their initial investment out, becoming long term "forever" investors. Perfect environment to quietly accumulate cheap shares undiscovered or while much larger institutions can't touch it yet. And since the otc doesn't understand or care about Market capitalization and value, and instead otc wants a quick flip, pps can be controlled better down here. Plus if the MMs can make great money on the volatility, it's a win win for everybody. It's a theory anyway, and I love to speculate.
Buffett said this once:
While you call it dilution, again, the smart investors call this accumulation, like warfare, myself, and others.
The company must have tremendous amount of interest to have been diluting COMING UP FOR A FULL YEAR... that's a lot of accumulation/ dilution, don't ya think? And i'm pretty sure those investors want to make money... otherwise whats ther point?
So even with the dilution, let's surmise revenues increase from here on out and maybe some other news hits, and pps increases tremendously... then who's cares about all the accumulation, lol.
Quote; "BYOC is massively being accumulated down here."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163234437
Thank you, I busted a gut on that one, lol
As you and I well know... we've dealt with way worse in the BYOC board, funny how it still says the same language verbatim.
"their filings will be much different going forward the the next Q is not far away."
I would very much agree with this statement.
What will they say when the NOL amount goes down, and cash goes up?
Oh well, they always come up with something, while profits will be made by company and shareholders alike.
RSI is in the 30s now, definitely in the oversold category.
I'm down here at .002, as well. Not as much as you, but i'm also very comfortable with my stack going forward.
Yep, the otc market is not built for understanding what real companies do and how beneficial NOLs are or the value of them. Do you know how to the value the NOL?
This is actually a HUGE positive, lol.
Please review net loss carryover via google and how they are used.
A net loss that they can use to reduce taxes when they have growth this year and into the future, is how I see it.
https://taxfoundation.org/tax-basics/net-operating-loss-carryforward/
No kidding, we all knew this was coming... now it's the boiler plate statements which every company in the world puts on thier filings and read the exact same way.
You just can't make this up anymore. I should have called it out that he was going to mention that previously, but this and other social media is going to have zero bearing on where this is going.
Maybe we should invest in deli's, lol. Here we have a bonafide 4 million in revs and BYOC valued at a fraction of this deli in NJ.
Sums up the stupidity in the OTC, doesn't it?
Kinda funny, but it isn't.
https://www.google.com/amp/s/www.cnbc.com/amp/2021/04/15/theres-a-single-new-jersey-deli-doing-35000-in-sales-valued-at-100-million-in-the-stock-market.html
Anything could happen, this is the OTC, nonetheless.
I don't get bashed because I don't consistently post in a negative way, and perhaps there's a bit of respect for someone that has been posting on this board for 3 years.
As crazy as that sounds and in this environment we could hit $3.00 with crazy momentum, right prs/ news, etc... anything is possible as far fetched as that sounds... look at TSNP.
Yes, so if we take out the 150 RS, it ran from .004ish to a high of just over 5 cents.
Imo, BYOC has a lot more going for it than GMGI, but either way, who would complain with that. Unfortunately, any mention of an RS and people think of it negatively. Is what it is, profit from is my answer.
Well, that depends on how the market reacts to how the company communicates thier progress and other catalysts.
So you don't think the company wants the pps as high as it can go? I can guarantee they do. They and other investors have a lot of money invested.
Exactly, so what does that tell you? They knew way back then, things are going to improve.
Does anybody now care that they do an RS at a pps much much higher than now, I don't care. The OS is bloated that's a fact, but an RS would be done for uplisting purposes, which is a very great reason to do an RS.
Plus then the RS would be small(soft) and very respectful. It's all up to the company and BOD.
Look at GMGI, they did a 150:1 RS at this price BYOC is at right now and look where they are now. Their OS was huge before the RS, as well.
All one needs is patience. That's it.
That's the beauty of investing in a SEC compliant company, where filings are readily available and Otcmarkets.com is very user friendly.
Let's get our facts and data correct here, shall we:
https://www.otcmarkets.com/filing/html?id=14427249&guid=5KfpUp5kxDUcLth
On October 2, 2020, Beyond Commerce, Inc. (the “Company”) announced that its board of directors had determined to discontinue the previously approved reverse stock split
On the weekly, the 50 sma hasn't crossed over the 100 or 200 sma in over 4 years, so that will be significant when that happens sometime soon, as well.
Sounds good HT!
We know the story/ purpose here. Again, we all hope it helps get the BYOC pps lower, before this lifts off to where it truly belongs.
Lol, there's even DD for fishing, along with skill. You got to know where to start fishing and have to have the right size bait. If you are fishing for the big ones, you got have "big bait".
Is BYOC not a company in the SAAS industry? I, as an investor, like to know how comparable companies do in the same industry. As course you got me there, as I expect BYOC to grow and prosper, which isn't guaranteed.... however the recent filings and prs say that the chance is highly likely, making current pps cheap.
We all highly doubt you are a shareholder.
Lastly, at least I provide a "reputable" link/website, with real life people that you can connect with, who provide facts and data on comparable companies that you can go look up and verify with.
I'd rather teach someone how to fish, then give it to them, with a one sided view. Let people draw their own conclusions based on facts and data.
https://www.saas-capital.com/blog-posts/2021-private-saas-company-valuations/
Let's see if your article will yield any selling, I know myself and few others are hoping.
Hilarious article when a lot of important information hasn't even been disclosed yet and management is getting more vocal.
We shall see, won't we.
Very well said, buhaha.
I'll say this... there "was" actually someone a ton worse, if you think this is bad. Add to those other characteristics a horrible mouth, who had no respect for the dead(George P.). It was literally sad the cruelty and disrespect we witnessed, blows ones mind what was said.
Everyone who has been here for awhile knows exactly who this is or was, lol.
I'll speculate it all stems from some group. All I can say is It's the OTC...instead of investing, they play games for whatever reason. It is, what it is!!
I never let it sway me from this investment, and neither should the games sway anyone else.
You are certainly correct in your statement!!
Omg... how bout that bid ask spread right now!!! lol
"BILLIONS OF SHARES" that have come to market....
I hear some talk of this on this board, so who has bought those billions of shares?
Something to think about...
Its most definitely not by a single investor, as we are bound by not holding more than 5% of outstanding shares unless a schedule 13d/13g has been filed... I haven't seen one of those or in a filing.
Could be an institutional investor, but there again, they're bound by not holding more either 5% or maybe double that.
Those shares went into long hands that know the value and how cheap the price is.
That's my 2 cents.
Googling schedule 13d/13g is easy, but here a good short article:
https://www.investmentfundlawblog.com/resources/investments-by-funds/acquiring-5-publicly-traded-company/
It's funny when one tries to make BYOC look like a rotten apple, to which it is most definitely not.
Trying to disguise it all as opinions and trying to save us investors...make sure we all know the negatives, which aren't actually negatives!!!
People know in the otc, what the typical CEO does, which is to perpetuate lies to pump the stock. We do not have that here.
BYOC is SEC compliant, has been current for over 3 years... has a great business plan, which is being proven out. Customers and joint venture companies see the value.
Trade/ invest however you like, but anybody that has the chance to take and hold a position now, only to sell for chump change, better not ever complain that they should have held longer... but that will happen, oh well.
Sounds like a great plan, and makes sense, got to transfer some shares to new investors entering the stock as we go up.
I'll be doing similar, with all my shares in my main account be sold at long term cap gains. Any of those gains may get swung back in during the consolidation phases. Then I also have my Roth account, which is nice to have to swing it, and then can grow with the company, as well.