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Says the guy pumping PCTL, a company stringing along investors with what looks to be a fake deal while their noteholders convert the entire A/S.
You're not very good at this.
Also, these women could pull down $300K - $500K per year working at senior level positions for other companies (Harvard, Yale and MIT graduates with decades of experience). Doubtful they would each spend multiple years here working for small base salaries to sell their shares at anywhere close to $0.01. that would make no sense.
I knew I should have loaded more Friday.
The more I look at this, the more valuable I think it is.
This turd always does the opposite of what I expect it to. It's a bloated pig with no real business underneath it. Should go to trips, which is why I'm holding my small position for .007.
They've been manipulating this for weeks, and a whole new group of bagholders just signed up in the $.003-$.004 range. I think their goal is to offload as many shares as possible at an average of $.005 before being forced to take it down another leg.
Or they could lose control of it and it sinks immediately to trips. This is a pure beer money "beat the dealer" play. Holding anything more than a few hundred dollars of this pig is insane.
I'm a little sad that she hasn't posted the "lonely office" copypasta here. Means he/she must have gotten caught with their pants down on this trade.
This sums it up pretty well. These are the kind of stocks that don't do anything for weeks, and then one day you check your account after lunch and they are up 300% on news. I keep small positions in a few of them and check back in when volume or price spike. Eventually many of them do move up.
These companies don't go through all of these filings for nothing.
Note holders would rather sell their shares to us between $0.005 - $0.007 rather than $0.0005 - $0.0009.
Given that they control when the shares get pushed into the market, my guess is that they will work to edge the price up and dump more shares over the next month. Maybe some well timed PR to help the effort. Same thing is currently happening over at PCTL. That deal will get signed any minute now. Any minute.
But then again, this is the OTC - who the hell really knows where the price is going?
Harvard. Yale. MIT. This management team is the real deal.
This company is taking equity stakes in some of the hottest new companies. They have connections, access to cash and decades of business experience that they can offer for consulting.
And we have the opportunity to own a piece of it for literally pennies.
Incredible.
Loved that EOD action. Looks like we are finally getting ready to move out of the $0.0095 - $0.012 range and into something higher.
The women running this company have real track records, real ivy league educations and real connections to people that have money to fund startups. Not your typical shady OTC pump and dump trash, and it isn't trading that way.
The next few weeks should be very interesting.
None of this should be a surprise. I posted several times last week that the only reason there was any volume was because noteholders were converting. This wasn't a pump and dump, it was just a dump. They didn't even need to promote it. Volume drew people in and the crappy agency they bought last year (with $1M in revenue and even higher costs) was enough for some idiot to sticky.
All of this was in public filings. And then everyone acts "shocked" when the AS goes to 5 Billion. Where else was it supposed to go, when the key source of cash for these guys is convertible notes?
Get your sneakers on. Time for a run.
Rent money was probably due. Only on the OTC...
NO convertible notes, per the investor presentation
Just added AGAIN.
To the person who lost 50K shares at $0.0095
Thanks for your shares!
You guys smell that? Smells like money.
Kept some powder dry for the inevitable MM games. Have some more in the can if they want to shake free any more cheapies
That was fun. Added 50K sub $0.01.
Consider the ask slapped
This conference call is going to be LIT!!!
Hope you got your cheapies!!!
Found the clown looking for cheap shares.
Looks green to me! The General never met a ticker that he liked.
Guess Ram was right. Looks like this could break out.
New base forming above $0.01 was enough to convince me!
Dude...this is the OTC. Your logic has no plac here. This turd will float.
I know. Read my post history. This turd will float though.
I think this has another leg up. And I'm about as bearish as they come in this ticker.
Sweet find. Presentation looks great. Nothing but good news.
I wanted to see this turd hold $0.01. MMs we're playing the trap game for two weeks before they actually let it trade. I made decent money on that trade.
You still think this is cheap down here right? If it breaks $0.014 and actually holds that level for more than five minutes I'll become a believer. Until then, this turd gets flipped.
I really want to take out the ask. Still don't have the balls to do it. Kicking myself for not taking out the $.98 ask wall yesterday.
I bought this turd AGAIN.
There was a 1.5M share wall sitting at $0.98 for three hours yesterday. Look how that turned out.
I think these are still very cheap.
My bad. Thought you were talking about the filings from July.
Hopefully this takes off today - been holding for a few weeks!
Still calling occam's razor on this one. "They'll figure something out" isnt going to cut it for me when the public filings all scream reverse split and dilution.
The timing on those notes is shady as hell, especially with the last one not having the 180 day gate. IMO, the selling from that note was the catalyst to drive the stock price down to $0.003 and open the entire A/S up to conversion. Like, how badly did they need that $50K (or whatever it was). Not saying that PCTL management coordinated with the noteholders. More likely just stupidity mixed with desperation after the magnolia deal fell through. But it does make you wonder why the Ontario "deal" was slapped together AFTER the notes converted and not before. Was Jody on vacation?
The whole thing is just so...odd.
That was filed over a month ago.
This is a turd. But this is the OTC, and people make and lose tons of money on turds every day.
I lost money on this the first run and made back what I lost on the second run.
Wish you guys all luck...I'm a buyer at $0.01 if the setup looks right. MMs like to get smurfish with this one, so keep your head on a swivel.
If this does end up running to $.02+, I'll top my cap to you guys!
So if they've increased the A/S to 400M, and all of the outstanding shares are reserved for current noteholders, how exactly does Ontario get to 51%? Easy - raise the authorized shares to the 900 million to one billion range and trade that equity for cash to find operations.
Then you reverse split, write more convertible notes, make sure the ihub board gets wiped clean and repeat the whole thing next year.
That's how these things usually go no?
Why the hell else would Jody accept a $120K salary, plus a million worthless shares of this turd to be the CEO? I make significantly more than him, and I'm just a spreadsheet jockey.
All of the O/S are either converted or reserved for current noteholders.
It's impossible for these guys to take on more debt or trade equity without issuing more shares. I (naively) hoped pctl was buying back their own shares on the open market. Looks like I was completely wrong.
Can any of you longs explain the mechanics of how a deal would work where the A/S doesn't go up? I can't think of anything, which is why I sold this afternoon.