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I would hope he would be getting a better deal than the CD holders as i think rightly or wrongly he is actually genuine about helping the company. He probably just foolishly believed everything he read in the filings the same as the rest of us.
Considering that they are buying their shares for .00005, he should of been getting close to a Billion shares for his contribution.
They have been wrong on numerous occasions already so no surprise. The questions is when a pattern like that forms is it intentional or not and can it be classed as deception ? I suppose we will find out in due course.
I Don't know how you see that as eating my words if you had bothered reading you would of seen that is how i was explaining the presence of VFIN at the time because you had said the O/S was not increasing.
Obviously i was proved right about the presence of VFIN and the O/S. They were clearly diluting even when you stated the O/S was not increasing.You may call it shorting if you like, but they would not of shorted if they didn't know all these shares were coming to them.
Of course if you had just told us all that there was hundreds of millions of more shares of conversions due we would all of known why VFIN was there.
Every time you say there is no more shares left to be converted another few hundred million shares are dumped.Can you once and for all be straight with your own shareholders and tell us what shares are left to be converted.
Here are VFIN's shares for just this morning, they did another 18 million yesterday evening. Over 47 million so far this morning.
10:16:34 0.00039 30950000 OTO
10:14:27 0.00049 8550000 OTO
09:48:27 0.000396 5000000 OTO
09:41:31 0.000396 2000000 OTO
09:34:58 0.00039 12000000 OTO
Can you confirm that this is still the same ? Not including the 36 million shares from Eastern that you must only of became aware of in the past few days!!.
Is everybody finally seeing why news good or not means absolutely nothing while this enormous amount of dilution/selling continues ? With todays volume and the selling finished this stock would of been at .001 in any normal trading scenario.
Still waiting on Brian to confirm if the O/S has increased by more than 36 million shares since the 18th of August and if so why ?
Yes that was the 18th of August I'd be interested to see what it is now.
There was 1,290,300,388 shares of common stock issued and outstanding as of August 18, 2015. I assume this has only increased by 34,131,784 shares due to Eastern ?
If it is beyond that then there is serious questions to answer.
Nobody is suspicious that we have 158 million volume and we just printed a .0003 after news and VFIN is still on the ask selling???? Seriously!!
?? Was that an O/S number or what ?
That was a 30 million dump and VFIN are not done yet. Thats why i'm asking for the current O/S they appear to be selling faster than ever in the past few weeks.
He hasn't replied!!
What is the current O/S here ??????
Can you tell us what the current O/S is ?
There was 1,290,300,388 shares of common stock issued and outstanding as of August 18, 2015. I assume this has only increased by 34,131,784 shares due to Eastern ?
I'd expect that is the sale and buy both been shown. This appears to be displayed like this for these block sales.
42 million bid in @.0004. That was a 50 million order. It will be interesting to see if VFIN keep dumping into them tomorrow or if the bidder disappears.
Just 22 million dumped by VFIN today, so there is more to go even if that was all Easterns conversions today. VFIN had already been averaging close to 10 million a day for the past 3 weeks, which nobody appears to care about..
1) Why did Eastmore have shares if LG bought the note ?
2) Do you know where the close to 150 million shares that VFIN have sold in the past 3 weeks have come from ?
4) Has LG been selling shares ?
4) Has that increased the O/S ?
5) What is the current O/S ?
6) Is there anymore dilution from anywhere else expected ? Notes, services etc
Thats more than flipping its all selling the past two days and with the note buyback is should of been all buying. Its flippers that are buying up all these 4's to resell at .0006.
I'd love to know who is selling and why ??
The worst about this is that there was 3 million $ left after all bills were paid. What is happening it ? Surely the SEC can't allow the directors to just walk off with it ?????
VFIN still selling their block of shares almost all sells for the day. We must be heading close to 150 million shares sold by them in the past few weeks. Does anybody know where they are all coming from ???
Has the O/S count increased ??
VFIN back on the ask again !!!
Its no BS its the same questions i'd ask off any supplier. I was actually thinking of opportunities here, as you know yourself we have lots of wind, lots of remoteness and we already have similar systems here so its not too radical to make anybody run away but it would be different enough to be sale-able dependent on its quality. Dependability and not cost would be the biggest factor for any state organization. If the $ keeps reversing and the price was right there would be sufficient margin to compete with retail options even with added import duties considered.
Customs and excise, im sure would like these in all the small inlets. Even its presence would stop alot of the drug drops from Spain/South America and the stealing of boats and outboard engines. They can't monitor them all without power. It would likely only have a few months payback.
The Roads authority would also have many uses even for protecting equipment during construction.
Also your family is probably not too far from where i live as its full of Conways.
A few questions on the guard-lite itself ?
What is the cost ?
What is the sales commission ?
Is there a warranty with these ?
Are these patented ?
Will they be CE marked ?
How long does the battery last once wind and solar is gone ?
What battery is used and how long does it take to charge ?
Are batteries replaceable, at what cost ?
How is communication from the cameras achieved i.e radio, sim card ?
Is data stored or transmitted real time, is it encrypted.?
Is there anything stopping signal blocking and the removal of data ?
How robust is the wind vane ?
what height and weight is the unit, is it adjustable ?
Are different camera options available, colour, infra red, movement, sound etc ?
Have these been field tested for long ?
How has it reacted to salty conditions ?
No positivity will stop a CD holder bringing it down if that's what they want to do. Its what they do and are experts in doing. They will maximize their profits as they see fit by getting lower and lower conversion prices. No point sticking our heads in the sand or singing kum ba yah and believing otherwise.
As i said earlier all Brian has to do is sell company shares to pay for the conversion if they don't have the money to repurchase. In that case positivity would work as he would not intentionally be trying to bring it down and most of the shares would be purchased on the ask and not dumped into the bid. 10 million shares a day for the next 10 days would cover the dam note.
Chidoc one avenue that you may investigate is road traffic management. I have seen similar products to the guard lite on the roads here in Ireland for the past 10 years+.
These are used for power to traffic signs, warnings, stops signs, traffic counts, road weather monitoring systems etc in the countryside. They would be in use by the thousand.
Why not sell shares on the open market to ensure that you do have enough to purchase the note ?? It removes the profit from the noteholder, it costs the company nothing and it lessens the dilution amount that a note would cause. It would also cause buying pressure as the sale would be limited.
In shareholders interest of course.If there are no other options this is better than converting.
Interesting that transparent Brian didn't bother to inform his loyal shareholders that an additional 7 Billion shares were confirmed!!
I hope to be wrong but i suspect Brian and the CD holder have already decided to convert. So hopefully we don't hear some weak excuse in the next few weeks why they didn't buy the note.
It would explain VFIN who are likely shorting it down the past few weeks as they know they will collect hundreds of millions of shares when they do convert below .0001. They then make massive money both ways. Obviously the shareholders would get completely screwed but alot of posters here seem to have no problem with that so long as Brian talks to them.
The days he sells he averages over 10 million. That number on level 2 is meaning less.
VFIN is back on the ask today. Thats two weeks now that they have been selling shares. Do people still think they only have a few shares ??
If he has shareholders interest at heart that is not how he'll do it. We'll see within two weeks.
in 6 months the pps could be @.004, they could cover that with 15 million shares.
It beats 300 million and .0001 again. Release any good news they have and sell into it if the company is that broke.
Why doesn't he just sell shares to fund the repurchase of the note ?
The conversions will get all the way down to .00006 once the pps closes at .0001. if the company even sold shares at .0004 its many times better.
They should of been releasing more PR's. Then they could of sold at .0008 and we would hardly of noticed the 50 million shares required and the note finished. Been stuck near .0001 is self perpetuating by the company. They don't appear to want to break out of the low .000's for some reason.
If that note converts in the low zeros there is absolutely nobody to blame but the company!. At that stage you have to suspect that the company wants it to convert at these low prices.
Taking it may not be the worst option if the notes are paid back before they are due.
Most companies like LIBE take the easy option and take the notes and let them convert. The shareholder is then the only person who loses out as whats happened here.
If the company is selling as much as they are suggesting there should be no problem paying back a note.
Well every single toxic note that was due for conversion has converted so there has been zero benefit at this point to shareholders. If the next toxic note which was signed by Brian converts this goes back to .0001.
So real company or not it has so far worked out no better than any scam.
Brian if the note is from Vis Vires, is that not supposed to mature in December as per the 10Q ?
On March 12, 2015, the Company issued a Convertible Note to VIS VIRES Group Inc for $33,000 with an interest rate of 8% per annum. The notes mature on December 16, 2015. The note is convertible by the holder at a discount of 39% of the three lowest trading prices during the 10 days prior to conversion. As of June 30, 2015 the outstanding principal balance was $33,000.
Thanks, Any progress on that ? It will have a big effect on the stock and the result will either give us a .0001 or .001 stock price within days.
Does anybody know how this note converted before the maturity date ?
On October 13, 2013 the Company issued a convertible note to Catherine Evans for $75,000. The bears and interest rate of 4% and matures on April 6, 2016. The note is convertible at a discount of 15% of the average of the two lowest trading prices in the 10 days prior to conversion As of June 30, 2015 the outstanding balance due on the note was $7,405.