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.
no its not old news its happening right in front of everyones faces right now.
beginning the year there were only what 20 or 200 million shares in the OS now there are over 2 billion.
where do you think all the shares being traded right now came from?
note holders converted to common shares now they are dumping those shares. and they are dumping them at a premium to when they were converted.
there will be no reverse split until they have exhausted the balance of whats authorized. meaning they have 2.5 billion more potentially to dump. that will take another year or 2 to happen.
there is zero benefit to this company for a reverse split.
reverse splits are done for the purpose of maintaining listing standards and seeing as this is an otc stock where there are no minimums for listing standards there is no need for such an action. (until) they burn the rest of the authorized shares.
not necessary to contact the TA. the 10q already discloses the dilution. all 2 billion have been added since the 1st of the year. its not like they are going to dump all 2 billion at once. they've been doing it for months now. I would attribute at minimum 50% of the volume for this stock is from those newly added shares and that being generous.
notes have converted and now they are dumping shares to get their money. its a pretty simple process.
what happen to that big spike in the 1st 30 minutes?
no dilution? lmao..100 million shares traded so far at 30% red..
he said no reverse split yes.. so what.. why would he reverse split the stock?
as far as the dilution goes.. that's fact. over 2 billion shares were added to the os.. in 1 year.. how on gods green earth do we not understand that to be dilution?
as you can clearly see.. my point is being proven.. those shares are being dumped on the retail public.
the TA is irrelevant. the 10Q states the 2.5 billion released into the OS.. speaks for itself.
depends on what you consider scary I guess. they've already dumped over 2 billion shares this year.
not sure how he makes a claim that they have no convertible debt because the 10Q is saturated with it.
guess the next quarterly will tell the story.
why would they reverse split when they have over 2.5 billion authorized shares left to dump.
new people will buy because of that news?
why were they scared of a reverse split? theres no mandatory minimum share price for OTC stock so it doesn't matter.
I seem to have remembered hearing that somewhere else before..
I don't tell anyone what to do I just see what I see. and since my 1st post here on the 17/18th I appear to be on the right side of the argument.. 40% right actually..
I don't have to know where a company will end. All I need to know is where they are currently..
so until something changes.. the fundamentals indicate large debt and dilution.. which means.. down.
and that's current debt.. not long term debt.
no I saw it and that's my point. it slammed below 01 before closing 18% red.
everyone selling as of the high last week until today doesn't seem like a noob to me. seems like they got paid. those that held seem to be on the noob side right? I mean its down 40% from a week ago.
if it doesn't hold 01 this stock is on trouble short to medium term.
why not take the gain? appears everybody else is.
if you say so. a dip into double zeros and a red close of 18% doesn't look exactly healthy. guess we'll see tomorrow if it spikes or not.
I would hope so. being down 40% from the high a week ago sure isn't making people happy.
LMAO... youre joking right? we did actually look at the balance sheet didn't we?
below is directly pulled from the 10Q dated Aug 15th.
Cash
$1,667,607
Total current assets
1,800,351
LIABILITIES AND STOCKHOLDERS' DEFICIT
Total current liabilities
9,375,764
I don't think god rewards crooks. Ron Carter is certainly a crook.
REVO has been abandoned because they cant dump shares any more. thus no responses to clear things with the SEC and the lapse in even keeping their business current with state licensing. oh and lets not forget the new class of shares created to subvert common shareholders from getting any of the monies if it ever comes available or attributable to REVO.
no updates on financial statements after lying about them for years tells you all you need to know about about Garbage Ali and 'honest' Ron.
like I was saying, there are no fundamentals holding this up. they have debt they need to pay and as of yet no money to pay for it.
meaning dilution via the convertible notes coming due.
im not worried. you guys were stating that it was people shorting and were watching it happen.
im not understanding the thinking the stock bounced "nicely today"
it was a 15% red day. that's attributable to people taking profit or the convertible note holders dumping stock.
don't care if im called out.. do I short stock? yes..
congrats on the gain you got more moxy than me. no way id hold a 4 bagger and not rake chips.
especially if tomorrow confirms the reversal pattern.
good luck.
ya but calling out shorts as being primary sellers after 300% gains against resistance seems a little much..
it is a good place to short but volatile as hell. shorts don't like violent. it triggers margin calls.
looks like profit taking to me.
you cant have a balance sheet like SFOR does and expect shorts to be intimidated.
I mean cmon... theyre licking their chops seeing that.
now if you get the news that changes fundamentals they should back off but I don't think they are going anywhere until a 10q shows some health.
theyd probably back off a bit on the news though..
kind of puzzled why we cant see the selling as profit taking and blame it on shorts though.. I mean we all know 002 is the resistance point. anybody can see that.
'30% dips are what healthy stocks do'? uh... no
'if you cant handle 30% dips youre in the wrong market'
I agree with that one
somebody is selling that's for sure. 47 million today. like I said who wouldn't take profits here. those were big gains. feel sorry for yesterdays crowd though.. lost a lot of dough. hopefully it goes up like you think.
sure about that? looks like there was a 30% dip today alone.
when a company owes 4 times more money than they make or have they've gotta get it somehow.
'not in a million years'
heard that one before. but i kinda agree. we'll see.. i think it will happen in less than 1 year. i'll know for sure in about a week.
'faith'... faith in what..?
I mean.. if the damn management cared wouldn't they of done at least 1 thing in the last year and a half to earn someones faith?
I mean they did promise to fix things expeditiously I seem to recall..
but. **crickets**
they seem to be doing work for eyetalk though.. that's good..
I guess..
that's exactly what im thinking. it could run a little more but... who doesn't take 100% gains..
nice trade bro.. congrats.
don't get it.. its too late because we all got trip zero entries?
cuz I don't want to hold the bag if this isn't the time to buy id rather sell my 100% and wait for trip zeros again..
so.. first class tickets to the gold mine are worth 2 cents a share.. lol.. got it..
anyways..
don't know why im subject matter.. im merely asking questions about the lawsuits..
reading them now.
I would hope they settle for millions soon. gotta pay the debt and they don't have the money to do it.
so just be lazy? that's funny.. oh and heres a link that works to read the litigation..
actual dd
thanks to dude that finally could at least gimme the case info.
so basically.. the most critical bullish argument being current lawsuits and future settlements is not a priority for longs to show people...
that's what boards are for to share to get new people.. why hide it.. the links dude posted don't work to show you anything.
im just trying to understand why we wouldn't want to show people front row center. thought that's what these boards are all about..
somebody has got to have at least 1 link??
don't care about previous settlements. negotiations are private law suits are not..
is there a link that shows a lawsuit?
im going to assume no? asked 3 times.. nobody seems to have em.
if lawsuits/settlements are the compelling factor. shouldn't we have them readily available for people to read..? that's a good thing isn't it? that's what im hearing.. I just don't see them..
im trying to where are the links for the 3 lawsuits they are involved in?
I didn't say don't buy it. every stock has risk. but buying here looks risky as hell. up 14% on 12 million shares traded today with a 2.5 billion share float.
im looking for information for a reason to buy. im hearing about law suits.. nobody linked one yet.
do you have links to current litigation.? settlements I see so fart are not covering the debt.
are there links to the litigation?
so is it fair to say being invested is based on patent settlements.
I see they settled a litigation case at 25 k a month I think it was but are there any current cases in court as of now?
the most recent quarterly filing shows 9 million current debt. with less than 2 mil current assets. over 2 billion shares converted in last 6 mos?
im asking a simple question. how is this company going to pay the 7 million$ debt to assets gap if they don't sell and convert notes?
are you saying you expect settlements to do that?
maybe I've missed seeing links to litigation ..
need to read a little more here. but man.. looks pretty damn risky entering here. current debt over 9 million bucks on less than 2 million current assets?
im not seeing a contract that mitigates the 7 million dollar gap.
2 billion plus shares converted recently doesn't exactly look too good.
should be fun to watch though but theres huge potential for a big dump soon.
probably should of bought their stock. it trades..
oh and they make money..
they also have hardware and software and get this..
customers.. almost like a real business.
I guess you don't get the bull/cow joke...
makes cents seeying as yor a scrub.
and there we have it.. trip ZERO 1..
the absolute bottom.. come on longs.. where was all that bid support lol..
it literally cannot go lower...
0001 no bid.. and dead silence.
delusions..even if they did pay..
shareholders will never know any details nor be beneficiaries of any of the proceeds. thus the semi recent scam to create new classes of "preferred stock"
anyone bother to call and ask if you can convert your common shares to preferred stock yet? im sure they'll answer the phone..
13 months silence after admitted lies.
in 13 months. the same 3-4 longs left will be singing the same thing..
"Patents dude... patents"..
lol.. ya.. I get it.. good luck with that.
dude was a complete and udder idiot.
spraying nonsense in caps. nothing more.
holdy goldy.. etc.. lmao.
it would make complete sense if it was management. cuz they are about at that level of intelligence.