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This frog lake pattern has had me cracking up all night. I have a lake and that pattern usually leads to good things. Sometimes a good meal. Lol
Debt - Well the debt reduction calculation was done at a 50% rate equaling $358,000 debt reduction down to $227,000 from $585,000. Therefore total worth of shares sold durign that time frame would have been $716,000 worth since the remaining debt balance of $585K was announced. To pay off Tarpon completely, Tarpon would have had to be accounting for 82% of the selling. Impossible no, improbably, likely. We don't even really know if the $227K estimated debt left is lower than actual, so hard to say for sure.
Nevermine
Thank You, there wasn't more hidden there to be had either. Only partial fill.
The question was asked, "why are you buying shares when there is about to be a reverse split". Who was that directed to?
Love it.
Like where we are heading. UP!
Good morning CATV. Let's make a turnaround here!
Let's see what info they share this week. More corporate restructuring news maybe.
Corporate Restructuring underway! Should mean nothing but better things for CATV. Couldn't be worse than the path it was previously on. Dilution was burying this stock.
Myself included, looking for some more at .0053 Yah that's me.
That's kinda what I was thinking too, the L2 is spread out on .006 so much, that I think it is various retailers trying to do a quick flip here.
Corporate Restructuring!! Looks like they are on schedule to complete the corporate restructuring.
A group is trying to work with 4Cable to buy out the debt and finance the company, they have a structure to work with to bring in new assets also to enhance the value of the company. They will be doing an offer of a dividend to the shareholders who want the dividend, the idea is to give each shareholder a preferred share for every 100,000 shares you own convertible back into common shares at a future date, this way your position is covered over a longer period of time, giving the company the way to restructure now.
Therefore, the debt you speak of in terms of killing share price after reverse split, may already be taken care of after this restructuring.
First day in awhile with no after hours showing of a T-trade isn't it.
I've got more for them, if they would just come and get it.
(1) CORPORATE RESTRUCTURING
a) Creating Specific ANTI DILUTIVE Convertible Classes of Preferred Stock for OTC Market & OTCQB Issuers, to protect Management & Stock Holders from Open Market Conditions.
b) Amending the Par Value & Cost of Doing Business as a function of the company's Non Equity.
c) Application & Approval from FINRA for Convertible Preferred Stock Dividend to Stock Holders.
d) Instituting ESOP Plans for Fully Reporting SEC Filers to remove Vendor Debt & pay for the Aforementioned Services.
e) RESULT: MANAGEMENT & INVESTORS PROTECTED FROM OPEN MARKET VOLATILITY AND DILUTION. LIKELY INCREASE OF THE STOCK HOLDERS IN STREET NAME.
(2) DEBT CONSOLIDATION
a) Exchanging the Principal Amount of Related/ Insider/ Affiliate Debt for ANTI DILUTIVE Convertible Preferred Stock, which can be registered through an S1 Filing.
b) Converting the Interest Amount of the Affiliate Debt for Restricted Common Stock @ the amended par value.
c) RESULT: ISSUED CAPITAL INCREASES DRAMATICALLY
d) Assigning the Aged Defaulted Interest Amount of the Non Affiliate Debt to other Non Affiliate Third Parties in exchange for Cash,
e) Original Note Holder & Assignees convert Aged Debt into Stock, through Notices of Conversions & Issuance Resolutions from Issuer.
f) Securities are cleared, sold and settled through a BD Firm thus eliminating the derivative liability from the Issuer's Financial Statements.
g) Principal Amount of Aged Non Affiliate Debt is exchanged for Convertible Preferred Stock.
h) RESULT: ISSUED CAPITAL BALLOONS, DILUTION IN OPEN MARKET & AFFILIATE & NON AFFILIATE DEBT IS CONSOLIDATED. INVESTORS PROTECTED THROUGH THE ISSUANCE OF THE CONVERTIBLE PREFERRED APPROVED BY FINRA.
(3) EQUITY ENHANCEMENT
a) Create Specific Documents using the 4(2) Exemption for PPM & Subscription Agreements for Convertible Preferred Stock.
b) Issuer opens a Brokerage Account with BD Firm with CEO trading for the Account.
c) Issuer purchases Defaulted Interest, Aged Non Affiliate Mature Secured Debt in other Issuers.
d) Converts the Aforementioned Debt through a Notice of Conversion, Legal Opinion, & Issuance Resolution with Corroborating Paperwork into Common Stock which can be booked under US GAAP as MARKETABLE SECURITIES or sold into the open market, which generates RETAINED EARNINGS as Equity.
e) Management Issues Cash Dividends to Themselves through their Preferred Stock
f) Management Pays Cash Dividends, on a quarterly basis, pending FINRA Approval, to its Convertible Preferred Stock Holders.
g) RESULT: ISSUER HAS CASH ON HAND, RETAINED EARNINGS FROM ITS OWN INVESTMENT ACTIVITIES.
(4) ASSET PROCUREMENT
a) Issuer uses it's Convertible Preferred Classes of Stock as Currency to Purchase Private Companies, through FORWARD ACQUISITION AGREEMENTS, that have Assets or EBITDA that can be consolidated on its Financial Statements. It becomes a SPECIAL PURPOSE ACQUISITION COMPANY, a transit point to becoming a Business Development Company.
b) Issuer rolls up other OTC Market or OTCQB Companies as wholly owned subsidiaries, in exchange for the class Convertible Preferred Stock specific to the Acquisition.
c) The Equity, Assets, Intellectual Property, & Future Earnings of the Subsidiary remain the Exclusive Property of the Subsidiary, making it easier to acquire the companies that house the value being consolidated on the Parent company's balance sheet.
d) Issuer makes Investments in other Issuers using its Anti Dilutive Convertible Preferred Stock as Currency to Secure the Transaction, this booking other Issuer's Securities on their own balance sheet.
e) RESULT : EQUITY " UNDER MANAGEMENT " THROUGH CONDENSED CONSOLIDATED FINANCIAL STATEMENTS.
(5) BUSINESS DEVELOPMENT & DISCLOSURE
a) The Non Affiliate Beneficiaries of the Executive Trust retain PCAOB Auditing Firms to complete look back AUDITS on all OTC Market Issuers.
b) Legal Counsel is retained by the Non Affiliate Beneficiaries of the Trust to complete Form 10's with the SEC, so that the Issuer becomes a Fully Reporting SEC Filer, if not otherwise.
c) Arranging for Third Party Evaluation Reports of Impaired Equity so as to meet FASB & SEC Corporate Finance Governance Rules for booking Assets under GAAP
d) Initiating REVERSE SPLITS to $3.00 per share ( minimum) once Equity has been audited and composite value can be quantified on Issuer's Consolidated Financial Statements.
e) Reconstituting Issued Capital Post Reverse by Communicating with Stock Holders to Convert a PRE DETERMINED amount of Preferred Stock into Common Stock to restore Market Capitalization of Issuer.
f) Allow for Securities to Age under Rule 144, or Register a Minimum of 25% of the Issued Capital to Reconstitute the Float in order to meet Distribution Requirements to become Exchange Listed.
g) RESULT: ISSUER COMMUNICATES BETTER WITH STOCK HOLDERS, AND REGULATORS, AS WELL AS MEETING REQUIREMENTS TO BECOME EXCHANGE LISTED.
(6) UPLIST TO EXCHANGE
a) Issuer Files Form N 54 to become a BDC Entity, 1940 Investment Act Company, completing the Transition from Special Purpose Acquisition Company, and Development Stage Company.
b) Issuer Files with NYSE AlterNext to become an Exchange Listed Company, meets the 8 requirements under Standard Three.
c) RESULT: ISSUER CAPABLE OF UNDERWRITING ITS MARKET CAP THROUGH LICENSED FINRA, SIPC MEMBER FIRMS, AS WELL AS LEVERAGING ITS SECURITY THROUGH SBLOC's to finance it's ongoing business operations and create value for the Stock Holders.e.above.
Looking to pick up another nice big chunk of shares today.
You just made s complete fool out of yourself by posting way way old news as current news.
Assuming 50% toward Tarpon. That's potential for another $38K paid off in debt today. If so, that could mean 244K left to go. More days like this, and debt could be gone by the end of next week. Hope we aren't overshooting the amount paid off, would love to be undershooting the total. Guess we will know when next 3(a)(10) transaction PR comes out. Mine are just daily estimates here, be curious to see what the next DEBT UPDATE III looks like Friday.
Need to sticky your DEBT II update
I would suspect the debt to be around 282K now after today's action. With more days like this, we are looking at 12 days until debt is gone. Wow, that would be November 5th, which would be prior to financials release deadline of November 15th. Could get two nice PRs early November to mid November.
"The market makers and big investors can dictate the share price here easily with BID and ASK blocks."
Is this because they have a large number of shares that need to be sold to pay off debt, which allows them to throw up large chunks to appear as insurmountable ASK blocks.
So would there be any advantage to slapping that CDEL for about 500K at this point.
I have been here a long time as well, and my shares are at .0071, so you aren't doing too bad at all. As you said, in the long run, it won't mean anything. Once it gets to pennies, it's all neither here nor there. In fact I averaged down again today.
Just curious, who here owns over 2 million shares?
I love how people are selling below the bid price to try and manipulate the price.
No chance of this seeing .005 again. The revenues and operating profits they are experiencing now more than offset the estimated 400K debt that is yet to be paid off. Think about it real hard.
Well I locked in another 400K at the bid today .006. Thinking news this week may be a shocker, but we will see. If not, I think patience will still pay off with this one.
I can see how you may think this as pumping, but what is it really? Reality!
Pumper and realistic version: This company is already generating over 1 million plus in revenues a month with an operating profit monthly. These prescription sales are and will continue to increase monthly as well as the revenues and operating profits. Yes, there still is 400-500K of debt to pay off, the company is bringing in operating profits a month that more than offset any debt paid off in shares per month. Get in know for a shot at making some money, if you so choose, if not that's your choice.
36 million volume, does somebody know something we don't?
I added another 300K today. Think this will be paying off soon, meaning I will be glad I bought more at these levels.
Does this mean I only need 3 million more shares to be a 5% owner. LOL
To those looking to invest. If it looks like a good play, this position to add is better than any previous opportunity I had and I am still overly optimistic about this company. If you don't think it's the best entry point or may never pan out, then don't risk it. Simple as that. Company is growing each month, and sales and revenue are there to show it.
These guys can talk this company down all they want, but this company like many have stated is on the right and decent path. Those adding will be rewarded in several months. Those sitting and no buying or bashing, well it just doesn't really matter and I don't really care, that's your choice. To each his own.
I emailed Steve Richey with my concerns regarding this stock.
I sure wish we could get some follow up purchase order news from this project.
Longs stay away from this stock for awhile.
My suggestion would be nobody buy this stock or sell this stock, make them have to do something different. Longs stop buying right now to average down and don't sell as stockdarkk is suggesting.
Welcome to RXMD then.