Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
CLOSE 0.001. A new EOD low
To me, before you can really understand how the scam works you need to understand Brian Conway founded Waypoint, he owns the IR firm OZSC is signed upto ( and pays 10k a month )
Why does a company with no revenues need an IR firm anyway ?
Also, look at how the Toxic Note scam as performed...
Is this simply taking out toxic debt at the expense of share holders and then filtering the cash out of the firm to himself ( via outlets like Waypoint ), or is he part of the toxic note holders themselves. Is he also been paid directly by converting the shares.
If you look at the Fins various unnamed consultants have been paid for unspecified work.. Are these family ?
Take a look at the below... remember nothing was happening in the company ZERO Revenue and only 60k product development.
Stock based compensation for the six months ended June 30, 2020 is comprised of:
? On March 24, 2019, the Company signed a one-year consulting agreement with a consultant. As compensation for its services under the agreement, the consultant and its assignees received 171 shares of the Company’s common stock. The Company valued the shares at $77,130, based on the market price of the common stock on the date of the agreement, to be amortized over the one-year term of the contract. For the six months ended June 30, 2020, the Company amortized $17,783 as stock-based compensation expense.
? On September 3, 2019, the Company signed a six- month consulting agreement with a consultant. As compensation for its services under the agreement, the consultant received 1,250 shares of the Company’s common stock. The Company valued the shares at $46,875, based on the market price of the common stock on the date of the agreement, to be amortized over the term of the contract. For the six months ended June 30, 2020, the Company amortized $15,625 as stock-based compensation expense.
? On September 3, 2019, the Company signed a six- month consulting agreement with a consultant. As compensation for its services under the agreement, the consultant received 1,250 shares of the Company’s common stock. The Company valued the shares at $46,875, based on the market price of the common stock on the date of the agreement, to be amortized over the term of the contract. For the six months ended June 30, 2020, the Company amortized $15,625 as stock-based compensation expense.
Stock based compensation for the three and six months ended June 30, 2019 is comprised of:
? Amortization of $162,500 related to a one-year consulting agreement effective on August 31, 2018, pursuant to the issuance of 650 shares of common stock. The Company valued the shares at $500 per share (the price the Company was selling shares of common stock on the date of the agreement). The Company recorded $325,000 as deferred stock compensation to be amortized over the term of the agreement, and accordingly has included $81,250 and $162,500 in stock-based compensation for the three and six months ended June 30, 2019, respectively.
? On October 19, 2018, the company recorded the issuance of 450 shares of common stock, as the first tranche of a one- year consulting agreement requiring a total of 1,800 shares. The Company valued the shares issued at $500 per share (the price the Company was selling shares of common stock on the date of the agreement). The Company recorded $225,000 as deferred stock compensation to be amortized over the first three months of the agreement, and accordingly has included $52,500 in stock-based compensation for the six months ended June 30, 2019.
? For the six months ended June 30, 2019, the Company recorded 900 shares of common stock to be issued pursuant to the one-year agreement above to issue 1,800 shares. The 900 shares were valued at $400,470, based on the market price of the common stock on their respective date of issuances, and the Company expensed $135,450 and $395,290 as stock-based compensation for the three and six months ended June 30, 2019, respectively.
? On March 24, 2019, the Company signed a one-year consulting agreement with Newbridge. As compensation for its services under the Agreement, Newbridge and its assignees received 172 shares of the Company’s common stock. The Company valued the shares at $77,130, based on the market price of the common stock on the date of the agreement, to be amortized over the one-year term of the contract. For the three and six months ended June 30, 2019, the Company amortized $19,282 and $20,782 as stock-based compensation expense, respectively.
? On April 1, 2019, the Company issued 1,000,000 shares of Series B Preferred Stock to the Company’s CEO. The shares were valued at $68,000 of which $25,000 was applied to accrued liabilities-related and $43,000 was recorded as stock-based compensation expense for the three and six months ended June 30, 2019.
? On April 29, 2019, the Company issued 100 shares of common stock for consulting services. The shares were valued at $275 per share (the market price on the date of the agreement) and $27,500 was recorded as stock-based compensation expense for the six and months ended June 30, 2019.
? On May 20, 2019, the Company issued 100 shares of common stock for consulting services. The shares were valued at $120 per share (the market price on the date of the agreement) and $4,500 was recorded as stock-based compensation expense for the three and six months ended June 30, 2019.
This will be one worth looking at in the new filing. ( This was from the last )
Other expenses, net, for the three and six months ended June 30, 2020, was $25,355,250 and $30,906,290, respectively, compared to other expenses, net of $1,247,708 and $1,430,897 for the three and six months ended June 30, 2019, respectively, and were as follows.
The cause of the $25 million.... it wasnt product development ( that was just 60k )
Interest Expense 10 million
Loss on extinguishment of debt 12 million
The level of debt including toxic notes is simply astounding.
For a company with zero revenue, its bleeding $25 million a quarter....
I have a prediction based of the revenue from the last few quarters. Its really complex
For the last 3 quarters revenue has been ZERO...
I predict a straight line continuation.
0.001 hit again today, soon the drop will stick and NOBID / RS will be next
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 1.671 Billion ( Updated Daily )
Since April for every share in existence, they have diluted just 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
Wow another 100k shares added in just a couple of days.
Absolutely disgusting.
0.001 again today
Lol, Conway claims he was on a call with Tesla, and the board goes nuts... people should really learn how to do proper DD. Conway is a lying crook. Every stock he is involved in has lost investors everything.
He pumps the stock via Waypoint, which “hold your breath” he founded to pump his crooked stocks.
Read the FINS.
The stock has zero revenue
Massive debt
Drowning in toxic notes.
Steve’s ( #ImNotTheCEO ) own words, and for once I agree with him.
He was asked... In your judgement, was the Crowd Funding a success?
His Reply.
Well it's judge it based on my expectation. It's nothing that I'd judge as successful or not. The crowdfunding significantly missed my expectations and I'm not happy at all with it.
Says it all really. To me the bigger question is if he is going to take the $73k. There cannot possibly be any viable exit strategy for any of those investors. If he takes it, they all lose 100% instantly. To me that’s theft.
Will AITX be here in four more years.
Maybe President Trump will pull the plug..
The Dilution crew do seem to want to keep the price around 0.0012. I Guess from there if they play their mini Pump and Dump games every few weeks, they can still dilute some.
If they let it drop to 0.001 and stick, its pretty much over for them until the RS.
Follow AITX Charity donations ( Now complete )
https://us.trucrowd.com/equity/offer-summary/RAD-M
$73,900 34 investors. It was actually dropping towards the end
At current rate should hit not much over 80k total ( only 8% of upper target )
Both the IR firm ( Waypoint ) and SR ( #ImNotTheCEO ) admit this has failed
No exit for investors in this.. the shares are not tradable, simply giving cash away. I do expect it to be canceled / Withdrawn. For SR to actually take the 70k would be criminal.
11 hours left and the total just dropped $5k... this has been an unmitigated failure.
RAD-M is not worth $25,000,000, it never was.
All those that have thrown cash at RAD-M will never see it again. What a waste...
Its worth pointing out that OZSC settled all the old toxic debt, and released a PR stating that fact. It then immediately took out a whole new set. ( that bit wasn't mentioned in the PR ) but it is in the FINS.
New notes take a year to go into default, which is why currently there is no dilution. Just wait ....
Ihub is opinions, just because someone disagrees, doesn't mean their view is wrong or should not be shared.
Investors share opinions, and sound off based on their point of view.. nothing wrong with that.
Go TSLA
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 ( Updated Daily )
Since April for every share in existence, they have diluted just under 4000
OS prediction for End of November is 2 Billion+
Share Price expectation 0.001 ( lower if trading allows ) and NO BID
Follow AITX Charity donations
https://us.trucrowd.com/equity/offer-summary/RAD-M
$78,400 34 investors so far (just 1 day left)
At current rate should hit not much over 80k total ( only 8% of upper target )
Both the IR firm ( Waypoint ) and SR ( #ImNotTheCEO ) admit this has failed
No exit for investors in this.. the shares are not tradable, simply giving cash away. I do expect it to be canceled / Withdrawn. For SR to actually take the 80k would be criminal.
I wouldn’t hold my breath.
They would do well to make 50c off that scam PR.
Did they capture the Director that did a runner ?
1.5 billion OS predicted ( up from 1.4 ) .. correct again.
Near Double over a month.
PPS also hit 0.001, another correct call
NOBID, didn’t... that’s next month I guess.
Will update OS in context soon
New OS 1,504,023,318
Over 100 million shares added in yesterdays fake pump.
Absolutely Discusting.
Craig Win v Peter McCormack
This follows Tether pulling financial support following Discovery. I suspect they saw clear evidence that Peters line was clearly indefensible in law. Clear evidence that Craig is Satoshi..
Craig sits as an advisor on the TAAL board.
https://www.google.co.uk/amp/s/en.cryptonomist.ch/2020/10/29/peter-mccormack-lost-to-craig-wright/amp/
“SCA ONTIER LLP, Dr Wright’s solicitors, have confirmed that Mr McCormack’s legal representatives have informed them of their client’s intention not to continue defending the libel proceedings, which proceedings will now continue to their natural conclusion“
AITX Charitable donations.. a date to watch for.
Can I cancel my investment and get a refund?
Yes. You can change your mind (remove the pledge) for any reason until 48 hours prior to the deadline identified in the issuer’s offering materials. It may take 3-5 business days to receive your money back from the escrow account. The money will be deposited into your investment account.
I wonder if we actually see the funding DROP before the 48 hour cut-off
These spikes up are generated for one purpose only... Allow Dilution, and you will see how much tomorrow.
Volume so far today is 180m. When OS is restated in the morning you will see exactly how much of that volume is retail, and how much is just Toxic Note dumping. My guess another 60 million + has just been added to the OS.
They get SR ( #ImNotTheCEO ) to release a fluff PR, and create a spike. People jumping in on the volume probably didn’t even read it.
By EOD it will be back where it was, just more bag holders with more money than sense.
This is one of the Scammiest stocks on the OTC
Little quick P&D today it seems, should get a few more million in Dilution...
Just 5 days now . $60k looks like the landing zone.
Looking for 1 Million... Never going to happen,
This Diluted Pig has no value
It runs frequent Pump and Dump Scams.
Oh sorry, that’s the same thing isn’t it....
I’m surprised any of them can sleep at night over the noise of the printer.
Touched 0.001, and also see the GREEN bars on the IHub chart.
When it settles at 0.001 the MMs have a choice, NOBID, or let it fall to 0.0001. ( which won’t take long )
NOBID not far off now.
Not possible, it’s hard-wired in. Nobody can stop this, not even SR #ImNotTheCEO
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 1.396 Billion ( Updated Daily )
Since April for every share in existence, they have diluted over 3000
OS prediction for End of October was 1.2 Billion ( now already at 1.3+ 1.5 billion now the new target)
Share Price expectation 0.001 and NO BID in October
Follow AITX Charity donations
https://us.trucrowd.com/equity/offer-summary/RAD-M
$53,650 28 investors so far (just 6 days left)
At current rate should hit not much over the current 50k total ( only 5% of upper target )
Both the IR firm ( Waypoint ) and SR ( #ImNotTheCEO ) admit this has failed
No exit for investors in this.. the shares are not tradable, simply giving cash away. I do expect it to be canceled / Withdrawn. For SR to actually take the 50k would be criminal.
The ownership would need to be declared in the FINS. The cost to maintain that fact investors own 0.2% of a subsidiary and cover that in an audited FIN, isn't worth the 50k....
Its DEAD
Don’t forget, if Dilution slows down due to a 0.001 floor, the interest rate will continue to increase the debt.
Interest on Notes is 24%
OS Update 1,396,858,875. Another 25 million. They seem to be slowing to delay the fall to 0.001. Once it hits there all they can do is sit and wait for the RS
It will get there at some point anyway.
AITX has 32 million in debt ( of which just under 6 million is toxic )
It may even be 32 million PLUS the Toxic Debt ( I am trying to work that out )
Revenues are 72k a quarter
AITX loses another 7 million every quarter.
The Crowd funding exercise has been a disaster, They created the SUB explicitly to run the Crowd Fund, now they are left with the expense of reporting it in the FINS, plus maintaining the holder info should they decide not to simply abandon it.
To sort out the Notes, even SR admits they need to take on try more conventional debt, No one will give them that so they can simply pay off another debt.
AITX is now in a death spiral, it’s already dead. Someone just needs to pull the plug.
Follow AITX Charity donations
https://us.trucrowd.com/equity/offer-summary/RAD-M
$51,450. 27 investors so far (just 9 days left)
At current rate should hit not much over the current 50k total ( only 5% of upper target )
Both the IR firm ( Waypoint ) and SR ( #ImNotTheCEO ) admit this has failed
No exit for investors in this.. the shares are not tradable, simply giving cash away. I do expect it to be canceled / Withdrawn. For SR to actually take the 50k would be criminal.
The ownership would need to be declared in the FINS. The cost to maintain that fact investors own 0.2% of a subsidiary and cover that in an audited FIN, isn't worth the 50k....
Its DEAD
From SR , on the Crowd Fund
I'm trying to figure out how the crowdfunding isn't just a way to try and get a new class of retail investors to pay off the toxic debt without going through the AITX share structure, and if it is, what would the advantage be to investors to choose to fund the crowdfunding effort instead of just waiting for the toxic debt to go through the share structure and then to purchase cheap shares when dilution is over? I mean if retail has to pay for it anyway. The crowdfund can not pay for notes. the use of funds are clearly delineated in the rad-m funding details on the trucrowd site. it allows me to accelerate growth, shows my institutional investors the power of RAD to raise money (or, at this moment not) <————
He admits it’s failed.
Correct, High Short Volume + Low Short Interest = Dilution ( Not a shorted stock )
Link, and know the difference
Short Volume
Short Interest
Ok, straight from Discord, I assume this means The Waypoint Refinery their IR firm.
Question. Who Created and owns The Waypoint Refinery ?
Did you also know OZSC pays Waypoint $10k a month for running the chat room?
Use Google if you need to look it up...