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Just imagine if we're cash flow positive and debt is down to zero or close to it, with all the OS increases into long term shareholders hands one would think there's minimal debt now.
Will see who is still here after 12 months, as well. I know I will be. Still not sure what I will do my account. I did get an interesting PM from an interesting fellow, so maybe I'll stick around a little longer, buhahahaha.
But your posts and from others have restored some faith. As you say, there's always the posts that this is the biggest junk stock, and this always happens before a stock takes off...this is true if one has lived in the otc for a decent amount of time to see this. So far we haven't seen a ton a negativity yet, so we wait.
Ultimately, helping others IS important to me. No doubt everybody needs to understand the risk/reward with investing in a company. There are no guarantees in anything, but your DD points you in the right direction and take what's been given(in filings, prs, management communication, etc) at face value.
"Investing is not gambling, as long as you understand the analogy of looking both ways before crossing the road, you can grasp what one's needs to do in investing."
PathUx was dissolved back to the owners, but it wasn't all for nothing, if I understand things correctly.
Since then they acquired Customer Centered Strategies to S800: https://ccsdelivered.com
They are still in process to acquire EG Insight, as well. https://www.eginsight.com
Building shareholder value... what a concept!
What CEO of a "legitimate" company wouldn't say that?
Wooo, wait just a darn minute...Are you sure Geordan (or George) didn't say that or something similar?
Actually they both have in filings and PRs!!!
Plus the value of my shares have increased since last year, so I guess there's something to building shareholder value and why I'll be a shareholder a very long time.
Number 5 on the BOB now. Plenty of HYPE this weekend, lol
Being here long term, I honestly could care less, but I'll play along for now.
I'm enjoying the weekend the family, I hope you and others on this board are also, as well.
Have a good Easter!
They can't dilute per rule 144... google it.
https://www.accesswire.com/596697/Beyond-Commerce-Appoints-Mr-Henry-Gurley-to-its-Board-of-Directors
Management has been doing great, hence why you have a board member from Boustead Securities who advises and backs up the company.
Here's his profile:
https://www.linkedin.com/in/henry-jay-gurley-a966a4a
BYOC wants a chunk of this SAAS market and is in growth mode, anybody can see or realize that and the potential here.
Google "SAAS growth to 2025"
The article I provided said:
In 2022, SaaS will generate close to $141 billion.
Play what's trending in the market, which is what BYOCs products are in:
https://www.bmc.com/blogs/saas-growth-trends/
Additional Questions I have:
1: What does that institutional investor know that we don't?
2: What is so attractive now to put give BYOC 1 million dollars for shares valued at .01, which is higher than current pps?
3: When will the proceeds be used, for what purpose, and when will we know?
4: That institutional investor must be pretty confident that they'll get there money back if things don't work out, considering the value of the shares is higher.
5: On the flip side, there must be more value higher than current and at .01, otherwise what's the point!
It's all very intriguing.
It's actually closer to 6 million according to 2019s 10k... have to wait a little bit longer for 2020s financial results and revenue, should be close or a little higher than 2019s, imo.
However, I'm quite certain in 2021 its going to be much higher than both those figures, based on prs and filings this past year. Perhaps there was some type of revenue confirmation for 1st qrtr this year that justified an existing institutional investor to provide capital for something worthwhile.
And that's NOT hype!
Lol, yeah, these past 3 years that I have been here on this lovely ihub BYOC board, there have been A LOT of experts with thier opinions(pretty much 100% negative) that have come and gone. Interesting enough I find myself asking "Where are these experts now?" In fact, some don't even have accounts anymore!
My opinion says I'm not going anywhere because there is value here that is still yet to be discovered. While my losses have been not so good these past 3 years, I'm quite certain my gains will squash the total of my losses by many many multiples, which will be great for my family and friends, who have stuck with this investment, doubting it along the way. Even if I never make gains in this investment(although, that's not the case!), the amount of things that I learned and people that I have met has a lot a value in of itself.
Anyway thanks for your hilarious and entertaining post!
Happy Easter everybody!
That's some good questions.
A few other intriguing questions come to mind, as well.
It said they have to "reserve" that amount, the way I read it. Plus the company didn't change the AS, with this filing.
I like the Rule 144 language being added.
A quick google search says 5 conditions must be met before those shares can be sold, plus the holding period is at least 6 months minimum, which is interesting:
https://www.investopedia.com/terms/r/rule144.asp
Thanks JoeBert for those kind words and the truth! I'm sure there are others that have just as much DD...in fact I actually know there is!
If giving new investors a link to filings/ prs that the company has filed to be maintain SEC compliance, is called pumping... so be it and I can sleep well at night, lol.
I believe this Ihub BYOC board currently is the best it has ever been for longer term posters who post regularly and intelligently, no doubt because many are finally seeing the great value and progress that the BYOC team/ BOD/ CEO are making. I can only speculate there is a ton of things going on behind the scenes, that nobody even knows about. It will be communicated through a filing though, as that speaks volume to the public.
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Why the hell are you asking me???
Go ask them yourself, jeesh.
If you're interested in reading....
https://www.barchart.com/stocks/quotes/BYOC/opinion
Still a buy.
additionally... the otc market mentality and the dirty word "dilution" has made the pps so god damn irresistibly cheap not to buy it at these prices(it was actually even cheaper!) and typical otc trader is too impatient and stupid to read filings to understand where this is going, or capability to understand what the true pps should be evaluated at. lol.
it shouldn't be this low... but if you think like Warren Buffett about buying investments at discounts, then dilution actually helps keeps the price low so that "smart money" investors can accumulate. This is, of course, opposite what the typical retail investor thinks what should be happening, lol.
Why would a "smart money" investor "overpay"?
I don't say so, the company does through filings via otcmarkets.com.
https://www.otcmarkets.com/stock/BYOC/security
Clearly all that dilution has gone into somewhere... but where?
No, that's roughly the OS amount. The AS is increased and has preferred series C structure to it.
Considering the SS increases and dilution, the daily volume is rather low while nice accumulation is taking place, muhahah.
Looking more and more like things are coming together. Geordan has pay listed too.
Mr. Geordan G. Pursglove - Pres, CEO, Treasurer
Mr. Peter M. Stazzone - CFO & Director
Jimmy White Jr. - Exec. VP of Operations & Technology
Liz Wong - Director of Investor Relations
Trevor Williams - Exec. VP of International
Did you notice the profile updates on CNBC and yahoo?
BYOC SS is bloated now, but still being loaded, smart money is quite fine with one, I am.
Look at some recent examples like GMGI, I believe they did a 150:1 and look at the chart. The RS announced, took effect, and off it ran and holding up great now.
TSNP did one 4:1, some selling took place, but it's holding up quite well... of course that stock is an interesting one, considering it doesn't even have a product yet!!
GE has announced an RS, 8:1... and many are coming to realize the value of doing an RS.
And I have a ton of other examples.
It won't matter based on the progress the company is making.
Its very true this statement: "If you build it, they will come"
While I don't mind so called "opinions" of fear/scaring because it might get short term weak minded traders to exit and for smart money to accumulate.
But what I don't agree with is the only purpose of instilling fear on the board. While I don't like this website and its childish rules(although we know the purpose, don't we, smh), I've been here a long time and I care too much at times for new investors coming to read posts and lose out on a very rare opportunity.
I post facts and data and can provide a link/ evidence to back it up with.
New investors need to draw thier own conclusions, this is true. But I don't agree with 1 sided "fear" opinions to get some to sell.
Is what it is.
I would disagree with that with my "recent" examples. If stock performance suffered afterward for other companies that RS'd, than that was poor planning of that company.
BYOC has not rushed things and instead the CEO/BOD took good time to clean up S800 and the financials. Proper planning on the frontend will make things easier on the backend.
I would post my others examples, but that would get the post deleted, I previously said to contact me by another means.
When is the UPLIST ???
Exactly, we have a very smart and experienced board of directors, with one of them a member of an investment bank, Boustead Securities.
Will see how this all goes down and the execution.
Since someone posting on this BYOC board is bringing up reverse split possibility, feel free to reach out to me on Twittxx or stockTwxxs for questions.
A small RS can be a very good thing and very attractive for much bigger investors and institutional investors to come into the stock. Not saying the company is or isn't going to do it at some point, it's a very smart board of directors with shareholders in mind.
I can give numerous and recent examples where a small reverse split has done extremely well and not just for uplisting purposes. Although the goal has always been to get to a higher exchange(Nasdaq/NYSE) and get off this terrible & horrible one we're on now.
I just love the fear mongering that is done for everyone on this BYOC board day in day out.
It WON'T matter.
And I can give numerous and recent examples where a small reverse split has done extremely well and not just for uplisting purposes.
But keep up the good work and looking out for everyone's investments...."shaking my head"!
I was hoping to pst that myself...
https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/series-c-financing/
I wish I was educated enough to give you an educated answer on that or have a level of confidence. The preferred series C have some type of RS, if you were taking that into account, as well. Although the before/after value is the same via splits, so there's that, and just so people don't freak out about the R word... I don't believe that RS of preferred shares affects common shares.
Lastly, the last time there was preferred shares given, i believe the goal of that was for maintaining control via voting rights.
Pretty sure I didn't really answer your question here, but maybe helped? I'm honestly just sitting tight until the bigger picture presents itself which I can better comprehend, accumulating when I can.
Disclaimer: I'm not a securities lawyer, soo...
Appears that way and at a Fixed Conversion Price
Interesting what that conversion price that ends up being, doesn't it?
I look it plainly as Series C funding... I always thought Discover being termed "institutional investor" was interesting.
Based on recent prs going back 6 months, I find it hard to believe its going to be bad for long term investors.
But I agree its hard to interpret and confusing... I need to be a lawyer, lol
the Investor returning to the Company for cancellation the Senior Secured Redeemable Convertible Debenture
How bout that for progress, now the fun begins... https://www.otcmarkets.com/filing/html?id=14814630&guid=BMpaUnLBMuT6M3h
With the recent filing, the "Bad debt" from Discover growth fund that provided the funding to purchase S800 is long gone now... so no more dilution.
I would say that is good news, lol.
Item 1.01 Entry into a Material Definitive Agreement.
On March 19, 2021, Beyond Commerce, Inc. (the “Company”) entered into a securities exchange agreement (the “Exchange Agreement”) with an existing institutional investor (the “Investor”), whereby, in exchange for the Investor returning to the Company for cancellation the Senior Secured Redeemable Convertible Debenture (“Debenture”) in the initial face amount of $2,717,391.30, issued by the Company on August 7, 2018, which was convertible into Common Stock at a variable conversion price, the Company is issuing to the Investor 1,556,905 shares of the Company’s Series C Convertible Preferred Stock (the “Exchange Shares”), which are convertible into a fixed number of shares of Common Stock.
1600%!!! Lol, "old news" guides the path forward and gives an idea where things are heading, plus let's not forget how much the pps has risen this year! Market Cap, "bluntly", well undervalued...