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.
So, we are all in agreement that those 3-4 posters don't like the CEO, her methods, the company, fishy things going on, "awarding" huge stock, no revenues, etc.... blah, blah, blah. They disagree with every single step the company takes, and have successfully had proponents of the company barred from this board. And notice they really start piling it on when there hasn't been any news. But still the float is 320K + shares, and the PPS is still over pre-split levels.......yet...BAD COMPANY through "analysis". Thats the ONLY message they are clearly saying, and 3 of them aren't even shareholders, no skin in the game, and playing with your money. I call them cowards, cons and daily manipulators.
Some of us think these attacks are carefully coordinated and planned out by those you are playing with YOUR money, to manipulate you into selling, driving the price down, so they can pick up cheapies, maybe at that .70 level they indicated. This is the OTC game, and thats probably why the company has not put out any news. Whenever it did, there was massive selling and the PPS dropped.
Posters like those will eventually go away when you don't engage them and when the company starts making progress. The real thing is that its not happening fast enough for them, they aren't getting any indicators, so they just want to drive the price down so THEY can pick up your shares, probably at steep losses to you, because as much as they hammer on the company, they KNOW something is coming..........or they wouldn't be here in the first place, wasting their time and effort attacking. Something to think about.
Looks like they are bringing out some of his big guns to help take this down. Maybe .70 is their "buy-in" price, that is until they think it will go to .25. 4 months after the reverse split, stock is still over pre-split values - show us another OTC stock that can say THAT! Stock price speculation is just that - whether you like the Yankee's, stars, pennies, or are blasting through space. Its all a big game - who can make the most out of their investments, or.....stripping down the investments of others. Thats the OTC.
No one cares about the preferred issuances and conversions, because the CEO clearly explained her reasons for it and that those conversions have no public float impact for more than a year anyway. Those criticizing it are not in a decision making position for the company, so whatever they think, is quite irrelevant, especially if they don't have a cent invested or hold any shares. The only time it could be said it may have been wrong, is if the company's investment bankers say it is. Other than that, you are now invested (or trying to take down) a company with a $20M market cap - and thats accounting, no matter how you spin it. If it gets back to $5.00, well,.... just met TWO MORE uplisting requirements. I am keeping an eye on the company meeting listing requirements, because I feel that what you will see over the next couple of months, is all designed to try to meet those requirements. All this other negative stuff is just nonsense.
I feel that this company has moved very carefully from an administrative standpoint - those who think "revenues" are they key, are looking to day trade on the news and results, and to what end......there are dozens of OTC companies with millions in revenues that will never get off the OTC because their management (or their shareholders) want to keep playing the penny game, or they aren't smart enough, they don't present the type of business opportunity, or they just don't want to move up and compete with the big boys. There is a reason why the NASDAQ has various listing criteria for companies with NO REVENUES, or they wouldn't allow that.
Every board has its negative posters, playing the day/short game, or are there for personal vendetta reasons. Its obvious who the supporters are, those who have actually analyzed the disclosures and understand mechanics of business and raising money, and then there are those who enjoy the game with no risk, no reward at stake.
Don't let them make your squirm. They are using you to entertain themselves, honing their skills for the next take-down.
"Bars not set high", "RXSF insiders awarded themselves 10M shares", blah, blah, blah....see anything positive said in the last 20 or so posts? I certainly don't. I continue to see a negative poster that pours it on more when the stock just starts to climb. Its all about the bids.
It's projections are solely based upon securing the financing. Or did you overlook that when you read the disclosures.
I see you are pretty astute at reading disclosures and putting 2 and 2 together, so I am not sure why you are using certain facts to draw attention to.......whatever you are trying to draw attention to. It certainly does matter, at least to long term investors, that the preferred conversions into common were done solely to boost market cap and that those holders voluntarily agreed to a 1 year lock out. So overall capitalization dilution is much different that immediate or short term float dilution. So while you are technically correct, the bigger discussion centers around whom and why. Another point is your mentioning a $4.5M loss..........can you be more specific? The bigger discussion on that"loss" number should be focused on "PAPER", the way the company is required to account for stock issuances. The way I read the balance sheet is that the company has maybe $400K in total debt, which is not due yet, less than $50K in trade debt (which you have to admit, for a public company, is nominal) and the balance of the loss is all attributable to stock accounting - so to point to $4.5M in "losses" without further explanation, especially for someone else who looks at the numbers, is quite........misleading. A lot of posters here point to certain "numbers" knowing, or willfully turning a blind eye as to what they actually reflect rather than trying to understand, through disclosures, what those numbers actually mean.
So my next question, and I am sure some other people here would like to know, are you a shareholder in RXSF. Because that way, the posters can determine whether you are here to play games, or have a serious vested interest here.
Wow, another Negula friend who doesn't know how to read SEC filings. No wonder he hawks BECC, LOL
BS - in this world, specially finance, PROVE the better mousetrap works, and MAYBE they will try it. All these releases do is regurgitate other company's research. Its almost March now - at what point should you give up? 5 yrs, 10 yrs 15yrs?
What are you even implying? The 13D's are required filings when a more than 5% holders holdings change. All of the Preferred Holders are more than 5% holders. They aren't going to reveal any smoking gun, and just how do you know what the IB's have been negating with the company board with? I guess you aren't use to doing business at the national level. Why would they convert a small amount of preferrers into common and then sign one year lock ups? Please tell us your conspiracy theory on this one...I am SURE we are ALL interested in the continued side show entertainment here.
If you want answers go get a copy of the complaint because your rantingd are foolish otherwise. You want DD? Go get a copy of the complaint and see what happened instead of playing Monday morning quarterback without a single fact.
Its based on the percentage of that class of holder IF THE OTHERS DON'T convert. Its just the SEC stupid calculation requirement, nothing more than accounting. Its confusing, bout doesn't change overall actual percentages. Nothing new here. 2000 Preferred Series B of which 100 were converted solely to increase market cap with 1 year lock ups then 144 leak outs AFTER 1 year.
We all got the email and the tweet..........LOL, remember that one guys?
The mess is finished, the company is now going to recoup its already sustained losses.
Not to the real longs it isn't.
That $75K is BS Cheeky, and you know that. I would say $60K of that is all electronic back and forth MM BS, nothing more.
I would call it manipulation that has shaken the confidence of holders. Seems now only MM games left since all the investors have been sidelined based on negative post campaigns. And lets call a horse a horse here, they are CALCULATED to have a negative effect. Its MORE than obvious no matter what metric is pointed to otherwise.
You see because you are not blinded by the negativity. Great post this morning on bashing - and if you analyze that post, and take a look at the two negative posters here, you will easily see the same exact pattern. Again they are playing games with YOUR MONEY.
Actually, its the vicious way you and your cohort negatively countered every positive post that did nothing more than piece together a fairly positive picture through company filings and disclosures, that has shaken investor confidence, no matter how you and your cohort spin it.
Energy investors know nothing about healthcare investment. You are WAY out of your league here.
It needs to be reposted immediately. Its definitely ON TOPIC as both TFN and YD are NOT shareholders. This is absolutely relevant to this stock and this board.
If you want to learn what happened, then pay the $45.00 and get a copy of the complaint, because all of your speculation and accusation will look foolish. And if you had done your research, 90% of all of these types of lenders (variable-rate death spiral) have complaints against them. Its the nature of the cesspool in which you play, called the OTC. Sp stop speculating she made a bad decision until you have all the facts. Then, if you want to criticize, feel free to do so. In the meantime she sued them all for millions.
Stop guessing....again. Go get yourself a copy of the complaint before you say something again thats untrue.
Negula is about to go super nova.........DUCK!!!!!
How many shares do you hold - right now?
Its obvious they work in tandem, because they disappear on the rise.
Then you are part of the problem. PLEASE don't fill YD. Trying to help the convertible notes ratchet that 35% discount down? Sure seems that way to me.
So he softly slams the company down to get HIS number to buy - at the cost of all of the other shareholders.
That 6500 size on the bid? Nothing but trying to fill what he sold at 1.34 down to 1.20. Foolish if anyone sells into that. Thats HIS short number. Its not "what the market says" no matter TFN says it is.
Be a day trader, feel like a day trader. Be an investor, feel like an investor. Thats all I can tell you.
Well hopefully, tangible progress is on its way.
TFN - Finally, a post I can agree with you on.
I agree. The company is out trying to raise "big boy" money, not OTC BS death spiral, variable rate, 40% discount money. I understand that the process is a long one, especially if a company plans to uplist. I think no news is good news right now, because whomever they are talking with would NOT want them to disclose that. There are a whole bunch of non-disclosure rules the company must follow during funding negotiations, and lets face it, most news by OTC companies are solely designed to pump the stock. Most long term investors don't want that, and neither should any of you, except for 2 other posters.
They just went out to introduce the company to the street last week - you can't expect a multi-illion dollar deal that quickly, and to announce anything right now just to appease us shareholders like that now, could kill it. I have all the information I need from past filings and disclosures as well as press releases. I know where they want to go, and I have chosen to be patient.
I agree with you BALE, problem is the PR is worded as if SMME WON a lawsuit against MC. Whomever is writing those, and whomever is legally reviewing them before they go out, is not doing their jobs. SMME only defeated MC on MC's motion for legal fee's, which went to appeal. It was NOT a separate case that SMME won, so the PR is deceiving. It should have said that MC was defeated in its motion for legal fee's against SMME on appeal. Thats what happened. It does 2 things. It correctly states the facts, and it shows that SMME lost its original claim against MC.
Where is the required disclosures for contract manufacturing because SMME had not put our any required disclosures about acquiring tooling, renting or leasing a manufacturing plant or equipment (there would be a required disclosure regarding any such financing), nor has it disclosed any raw materials as inventory (capital asset) to produce the cards..........its really simple. Just disclose it to demonstrate to shareholders actual progress towards production.
The press release sounds great, and if true, there is a contract manufacturing agreement that forms the basis of the press release. Thats required to be disclosed as a "material event".
Dec. 23 through December 30. Where were those posts again?
Sorry to inform you, other than insiders and affiliates, it IS IHUBBIANS who hold. Where have you been?
Its called FUNDING without a discount to market. Straight equity, REAL MONEY, not fake OTC money. Thats your GREEN answer.
I believe that the MM's are watching RXSF closely because that ha already made a lot of money playing in dollar gaps (not half penny gaps). They know the company is out there and are probably betting on some big funding news in the near future. Thats the ONLY thing I can think of. There has been a lot of news, Tweets, 8K's and projections, and THEY KNOW this will hit big, so they depress it now to pick up cheap stock and will ride on the way up. 80K shares - there aren;t even 80K shares ACTIVELY traded. You do the math.
Agreed, deserves reposting.
Twitter does that when an account is hacked.
No, you are correct. The fraud on the company and the illegal conversions and sales of the stock caused the steep decline in PPS over a 3 week period. This looks like it happened just before the company planned on going out to raise big money, and they just couldn't with such a low MC. So how do you increase it without hurting the markets? Exactly the way they did it. I think the stock could still go above $20 because the float has barely changed. Remember, its about 320K thousand shares, only the OS were increased to get the MC up. Its the optics of the reverse split, the increase on O/S, the bashing about revenues, the illegal conversions that are now documented in a lawsuit, etc.....that has really kept the stock down. because at 320K shares, this should be over $15 without blinking. Now add in NITE'S MM activities, playing for $1.00 between the bid and the ask, every single day. Not enough support because certain events (and people) have shaken investor confidence. Eventually, the float will be gone, and then any new buying will have an effect on PPS, to me, its just a matter of time, but thats what longs are suppose to do, let time be on their side.