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I suggest before you turn wine into vinegar, you read up on NASDAQ and NYSE Investment Banker compliance before letting your imaginations run wild. There are both legal and contractural compliance reasons for no news, especially at the levels at which this company is dealing. So you can read into no news all you like - its not going to change what the company is doing. And you are not going to get any news until certain disclosures and other regulatory filings are completed and filed as well as approvals by its new bankers. The new bankers are NOT allowed to buy stock in the open market, they are NOT allowed to talk about the company with other bankers and brokers unless a no-trade letter is executed - which means again, NO trading in the stock. The company operates on the SEC and its bankers timelines and regulations, not IHUB''s or day traders. There is plenty of disclosure and plenty of "signals" via those prior disclosures to help you see where this company is going. If its taking too long for you, thats understandable. Will just have to make room I guess for new longs.
And for that comment on the Canadian Exchange, thats a LOT like the OTC. I am SURE the company isn't dealing with that level of banker - knocking down the price in order to price a deal. Thats absolutely absurd. Thats not how the type of deal the company wants to secure is done. Not AT ALL.
I am SURE the company appreciates all of its shareholders, especially the supportive holders on IHUB. But I see things changing rapidly from here on out as it looks like the meetings in Feb. are just starting to produce interest, and thats what this stock needs - new, interested people. The fall from $7.00 was rough to watch, and even rougher to take, but it also seemed to be out of the companies control. Maybe things aren't happening fast enough, but thats really the world of a much larger exchange, isn't it? No wild swings, a stable market, thousands of shareholders........and it seems like that takes time.
The indicators are there, IMO - tighter spread between bid/ask, no company news, 10K coming out soon, no news on a banker yet...............and some new coverage from at least one firm that mostly reports on NASDAQ and NYSE companies.
This is the challenge this CEO has - how do you go from 106 to 300 shareholders, grow the public float from 300K shares to 1M shares, get enough serious interest to support a $4.00 bid for several weeks, maintain a market cap over $25M and develop shareholder equity to exceed $4M - and do that all responsibly? That doesn't happen overnight. Even if the company raised significant money, all those other factors have to be achieved to uplift, right?
Like it or not, new investors are not looking at what happened in December. Analysts are looking for current trends. But anyone can see the reason why it dropped in January which was out of the company's control. The company has sued the parties that caused that. Analysts are looking at much different metrics than typical IHUBbERs. It's on an overall uptrend. That's what they are looking at. Like that or not.
Company ReTweet Release - Franklin Independent - March 12, 2016 -The stock of RX SAFES INCORPORATED (OTCMKTS:RXSF) registered a decrease of 3.85% in short interest. RXSF’s total short interest was 2,500 shares in March as published by FINRA. Its down 3.85% from 2,600 shares, reported previously. With 6,200 shares average volume, it will take short sellers 0 days to cover their RXSF’s short positions. The stock closed at $2.2 during the last session. It is up 6.00% since February 11, 2016 and is uptrending. It has outperformed by 11.25% the S&P500.
This is a recent report by Franklin Independent that mostly covers NASDAQ and NYSE companies. How in the world is RXSF on its radar?
As long as NITE and CDEL control the box, expect this game playing to go on until they are overwhelmed and the risks are too financial great for them to keep playing these games.
More MM manipulation. Bid at $1.91, trade goes off UNDER bid at $1.90.
Will be required in the 10K next week, so we will probably know the latest, by then.
Again, either you are playing games, or just could't care less about the truth. The company sued those parties because it has a fiduciary duty to its shareholders. It has been independently meeting with bankers and may have chosen one - but if I'm right, those kind of bankers don't want fundraising out front of the actual company in the markets eyes (real markets, not OTC fanfare BS). There may even be restrictions on the types of disclosures the company is allowed to make as part of any agreement with them.
But this company put out news almost every single week for months, allowing people to trade on news. maybe their bankers understood this, hence....no news in 4 weeks. If anything, any contract with a banker has to be disclosed in the regulatory filing such as the 10K. GLTU
The fact is you know nothing about the facts, except what the end result was and what limited information about it came from the company. The complaint is a public record. Go read it instead of guessing. It seems that the event was much more than an improper conversion, considering it also alleges 10b-5 securities fraud violations. Its always good to have all the facts before you post.
Like I said, you can believe what you want based upon no real information except the end result. Call Lorraine and ask her what happened. It is PUBLIC RECORD. Maybe someone should get the complaint and post it up here instead of speculating. The damage from that transaction is done. Its much more than an improper conversion, but you would need to read the complaint. So it isn't "JUST THAT".
To make a statement that the company made a "deal" out of desperation, without knowing a single fact, is the type of comment that calls into question judgment. Go get a copy of the complaint, then come back here and tell us what actually happened. From what I hear, the company turned away several deals at that time. Go get the complaint, then speak.
In addition, to further add insult, you imply that because of that deal, that event is affecting where the market is today. I understand ALL the shares that were wrongfully issued have already been dumped into the market a long time ago - hence the lawsuit. There seems to be no more damage those shares can do, so while you think your slick in putting 2 and 2 together, you missed the formula that caused this and therein may you find the real story. Then ask what the CEO will do with the award.
The bid reflects only 1 thing - no awareness except for maybe 2 dozen individuals. I'll wait for the awareness that usually comes with bigger events.
Based on what? IHUB rumors? The frustrations are all real, but the innuendo is ridiculous.
Guessing is what drives everyone crazy. Suggestion, call Lorraine. If she says she can't talk, you have your answer.
$1.60 last week
OK, what EXACTLY do you think the company actually put the brake on? Did it occur to you that when any public company goes out to raise real money, especially legit money, that its bankers want that plastered all over the place just so a few people can get trades off? Did it occur to anyone that maybe its not the company, but the regulations as well as what the bankers want? Because I am assuming that pump news is now out of the question. Did it occur to anyone that deals like this require utmost confidentiality so NO ONE has the ability to manipulate the market or hurt the companies chances? Do you think sophisticated NYSE and NYSE investors want to get into the market early based on financing that may have been presented to them? NO, thats ILLEGAL. Thats the OTC game, and this CEO has told us her move is to get off the OTC, sooner than later. IHUBBERS always expect news to trade on. Those who are long know why they are long, and others just want to flip for $$$$$, and there is nothing wrong with that either. But like TradeAllDAy said, no news doesn't mean bad news......except to some who "think" they can outsmart and out game the company and the system. Thats why the national markets have a much more orderly trade platform. Thats why this is a cesspool.
It looks like the CEO and her board are working very hard to make sure the company secures the right investment banker that will help raise the right kind of money for this company to grow. It starts with the banker, ... then comes the money. According to the CEO, she has held meeting in SF and NY and may now have narrowed down the companies choices. She may have already chosen one. We don't know. Whats the sense of hiring a banker who doesn't have the right track record, with the right investors, to meet the companies future objectives? Everyone wants things done yesterday, but she is facing a long grueling process. The choice of banker the company eventually chooses will show us where the company is headed because we could look at the types of deals they have done, and get a better understanding. I am also guessing that the level of banker they are dealing with does not want the typical OTC pumping, i.e.: press releases, IR campaigns, etc........ because it would tarnish both the banker and its efforts with its own investors, quite possibly, the ones that will put in millions of dollars. The CEO said she is looking for a NASDAQ or NYSE level banker, so she has her work cut out for her to attract and secure the right one. Its hard enough that this is a pre-revenue company on the OTC. She deserves a lot more credit than she gets.
It looks to me the CEO is approaching this correctly - no legit NASDAQ or NYSE level banker will deal with an OTC company, not on a national market level in most instances anyway. You can tare down the data, tear apart her decisions, focus on daily metrics, look for white-candletips, whatever, but at the end of the day she has a vision and a goal that she has shared with us and the markets, and I see she is trying very hard to overcome obstacles for our benefits to get us all there.
Thats very interesting and should coincide with expiration dates with the banks themselves.
Day is green, I'm happy for that.
Brutal? Up .61 cents and thats BRUTAL?
See the last 400 shares sold into the bid? is that a real seller or a MM test to see bid strength. This is what we are up against, so keep that in mind.
See the last 400 shares sold into the bid? is that a real seller or a MM test to see bid strength. This is what we are up against, so keep that in mind.
Of course not, I am a long shareholder here and I can see what the company is trying to do. I also happen to know how hard it is, what they are doing. But it goes back to understanding trading - and the BID is where it all starts. There will always be sellers, whether they are real, or MM make-believe (because FINRA allows them to do that) we just don't know. I know 3,000 shares raises this up by $1.00. and when all the ASK slapping stops, it falls back down. But when there was a 4 cent spread, no huge gaps were created. Again, this is why all of the national exchanges uses the BID side to determine value, and you know the death spiral guys use a discount to the bid, to screw companies on the OTC. BIDS show demand, more so than Ask slapping. I am sure Lorraine would rather see this actively trading between $3.20 and $3.25, than so $2.30 by $2.70 - thats a .40 cent spread. Lots of games can be played in there. AON fill orders get filled n the tight spreads, in the big spreads, the MM's have a lot of leeway....hence the huge price swings. Thats why when I buy, I buy via the bid. I just keep raising it until I get them.
Thats actually correct
Then you need to report this to FINRA immediately
Really bad IHUB trading. Its all about the bid, slapping the ask does nothing but cause high fives for a few minutes until the MM's realizes there is nothing more coming, so they sit there or drop the ASK. They can sit there all day of they see no bid movement. Bid movement means active traders, not ask slappers.
So when you get frustrated, you know why. The markets...(even NASDAQ listing requirements) look ONLY at bid price, not ask, or trade.
NEBS is right, and has been when he says its all found in the bid and bid support. They dropped the ask because the bid didn't raise up and didn't back fill. Its been the pattern here for months. Thats why, when I buy, its via the bid.
So lets see, NXTD has a product called a "Wocket" where a user can download and add ALL of their credit cards to one single card. Yet the only way they can sell that card is by doing a dilutive MLM deal with a shady MLM firm.Yet they raise $10's f millions of dollars on the NASDAQ. Trouble is NXTD use to be a very legit BIOMETRIC company and their new consumer product can't get any attraction. It basically takes the SMME card and allows it to hold several cards data that can be authorized on that card. The guys running NXTD missed the boat. I think its been missed here as well, even if CHAYA can demonstrate an actual working card. Yea, reports say consumers are slow to adopt PDA biometric pay systems, but consumers want convenience while banks want security. The idea of a biometric card is a good one, but no one has yet to make it plausible to meet BOTH industry and consumer requirements. Let's see what she has first, but I still believe both companies have missed their opportunities.
So lets see, NXTD has a product called a "Wocket" where a user can download and add ALL of their credit cards to one single card. Yet the only way they can sell that card is by doing a dilutive MLM deal with a shady MLM firm.Yet they raise $10's f millions of dollars on the NASDAQ. Trouble is NXTD use to be a very legit BIOMETRIC company and their new consumer product can't get any attraction. It basically takes the SMME card and allows it to hold several cards data that can be authorized on that card. The guys running NXTD missed the boat. I think its been missed here as well, even if CHAYA can demonstrate an actual working card. Yea, reports say consumers are slow to adopt PDA biometric pay systems, but consumers want convenience while banks want security. The idea of a biometric card is a good one, but no one has yet to make it plausible to meet BOTH industry and consumer requirements. Let's see what she has first, but I still believe both companies have missed their opportunities.
I am thinking the company will have a big 6 months starting soon. Its been too quiet, but whatever they do, I am sure its part of their larger plan. Looking at indicators, not posts.
For instance, the latest 8K that amended the Preferred Share Designation of the insiders and affiliates that added a provision of forfeiture of all of those shares under certain circumstances deemed detrimental to the company. I see it as that wasn't done out of thin air - but rather, maybe part of its negotiations with a banker, and to me, THATS a big indicator.
Please, when a company has a breakout technology, it goes directly to the big boys to negotiate. I can''t point to a single tech company that has put out press releases as a way to gain industry interest. Maybe to gain market interest, but certainly not industry interest. Every single bank tech guy knows about biometrics, and probably have known about this card for.....years. Unfortunately, well funded and pilot proven companies like Zwipe already have the buy-in of the big boys. And to think this card will displace the PDA with biometrics on it, is really kind of out of touch, IMHO. Even NXTD has a card "WOCKET" that can program ALL of your credit cards into it, etc......and still it can't compete with Apple, Google and Samsung. Making the PDA a biometrical controlled single source for payment has so far been MORE accepted than.....a biometric CC. Just my 2 cents, so even if the card exists, its probably past its time by 5 years at least. Again, just my 2 cents here.
Trillmoney said it best, it will happen when it happens. Finding out if and when is the game here. Speculation feeds hope as well as contempt. Expectations of things happening quickly smacks into the realities of things take time. The CEO has not been wrong on anything, and so far, everything she has indicated and wanted to do, she has done, whether some agree with her or not. She did start the company and has more invested in it than anyone else. News has fed selling here, and look what happened when the company put out less news - it went up.......and don't give me the BS the company needs "accretive" news - that ONLY works when there is a forum in which tens of thousands of traders are watching - and we certainly don't have that here, or on the OTC, unless that is you are trading at .0025, then its just a game and it really doesn't count anyway.
The DD has been very good, and the counterpoints have some basis but don't tell the whole story, and neither do the disclosures or the releases. I have stopped second guessing everything. I have a lot invested here and hope that this company continue on the path it has stated. If it reaches its goals, I, we...all of us should be happy. If it happened already, I would be suspicious because business, ....real business...takes years to build and grow. Waiting like everyone else here.
Bid support is the key, thats what the MM's are afraid of. Already, since bid didn't tighten up this am, well, the ask was lowered. Funny that.....see a pattern here?
Jury is still out on some posters. We will see.
It seems that the company is not afraid of being aggressive in support of its shareholders.
Actually, I have been around this technology for ages, and I don't see how a 5 second swipe (if its that long) trickle charges anything. There is a certain amount of "wattage-power" required to do on the card matching. There has to be a processor, memory and battery. Now if you start with a full battery, then maybe a trickle charge can maintain the current needed, but eventually, the power needed to do on the card matching would need more than a trickle recharge. Maybe there is an overnight dock or something of that nature.
If this card and technology truly existed in the state that CHAYA claims, this would have been picked up already by the banks. Its been over 2 years of claims, and PR's. Let's see exactly how the card works, and how practical it will be for banks to implement. Like I said in the past, the disclosures are void of any indication of not only having developed this technology, but having any sort of manufacturing lined up. I may change what I think if I see at least that, and give her more time, but I doubt it.
My experience with public companies is that they do not put out any news while negotiating with bankers and financing. So right now, IMO, no news is good news here. If you understand the company and the path it chose, and you agree, you are more likely to hold. If you have the day trade, big hit overnight mentality, this must be torture for you. Most everyone here is use to trading (and in this stock selling) on news. Not one release over the last 2 months saw a rise in the stock. IMO, each release provided a hint as to direction, and confirmed that the company is heading in that direction. Some are looking for organic growth, and unfortunately, if that were the case, in these markets with these products, it would take years and millions as well to develop. Serious non-dilutive money takes time to secure, because the bankers first need to qualify and confirm every single aspect of the company. They test the products, review the debt structure, examine and qualify the intellectual property, get their own counsel and accounting opinion letters and appraisals, and most import, they start showing the company internally to some of their biggest investors to see whether or not to take a company on, especially.......an OTC company, which I am SURE they normally DON'T want to take unless there is a bigger plan for it, its clean, and it completely checks out.
No sophisticated banking group will look at a presentation and write a check, certainly not in this environment, and certainly not for millions of dollars. It takes weeks, if not months to go through that process. I feel this company is unlike almost every single other company you may have invested in. It is for me anyway. While others can disagree on how they did things, I feel that they have done things knowing what will be required to pass the bankers tests for real non-dilutive money. Rome wasn't built in a day, but it certainly didn't need Brutus stabbing it in the back either.
On that point, I have to agree. Hopefully they could turn this around.
Has anyone heard from Mr. NG since he resigned?
Last news indicated that they were going to a paper (patent) revenue model. Can anyone confirm this?
Does anyone know what is going on here?
Let ME help you, and some other board members who seem somewhat confused about what this company actually does. But I want to clear something up for you........this management team IS the developer of the first biometric handgun safe that was called the BioBox. They designed it, manufactured it and sold it back in the early to mid 2000's, in a prior company. The safe today was redesigned to provide better security and ease of functionality for moms, and is currently being redesigned again to be a "compliance" or "adherence" medical device that will use BT or WiFi technology to remind patients to take their medications as well as track access. THAT makes it a reimbursable medical device, but if anyone took the time to read the disclosures, they would have picked up on that.
The "other" products give away what the company is doing. Each product this company manufacturers or will manufacturer has only 1 goal - to prevent drug diversion and drug abuse - at the end user level. No other healthcare/technology company has focused on this security gap (because it is all about keeping medications safe and secure, even in its usage). This company has adapted its technology and integrated it into other medical devices solely to provide security and accountability for access to, use of controlled substances. And unless someone is brain-dead, they would see from the POTUS down to local news, the absolute financial and emotional devastation abuse of controlled substances have on the economy and families. Right now, its over $600 BILLION annually.
This is the ONLY company that has developed technology to address, and in most situations, make securing controlled substances more viable. Each product is being developed to be able to "push" authorized user information to the health systems back-end, so they can track who and when accessed an infusion pump switch, an injector, a narcotics locker, etc.......
Someone who paints the company as a physical "safe" company did not do their DD.
And I will find it AMAZING if anyone can find criticism in a company's efforts to use patented technology to help prevent drug diversion, drug abuse and drug addiction, because that is what this is all about, and they are the only company doing it at where.......? Where it's abused the most - the END USER level.
Hope that helps.