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What makes this not a scam? Was it the launch of product in January, or the launch a few months back or the launch that was to happen in October.
Remember the PRd that production was initiated months back with plans to run pallets of product and distribute. Never happened. January never happened. October never happened....
But trust them... this time it will happen.... RIGHT
I agree. Either the report of the 1% was falsified or tbev disclosed inside info that hasn't been shared with the retail investor.
Well if you must know.... A company that called out shorts and flippers while he scammed shareholders claimed to have the backing of Microsoft. Did the same thing that tbev is doing. Called out flippers and shorts and vowed "the games are over". I mean come on, they had the big Microsoft backing.... they must not be a scam... WRONG. Now this company says they have athletes (that seem to change out about every 6 months). And a couple names that are attached to larger names? A Busch that runs a distribution center (this qualifies him to launch a beverage how?) And a guy that started up a social website that failed miserably? Wow how could this not be gold? Appears some are more easily distracted with shiny little objects while their pockets get picked.
In my experience any CEO of a penny stock company that publicly refers to flippers or shorts and their desire to financially hurt them, 100% of the time the company had turned out to be nothing more than a share selling scam.
Have been reading people say that since the tweet. READ THE TWEET never once does it mention canceling the reverse, they said they were going to "hold off" on the RS..... That in no way implies that it is canceled, just delayed
Yes the share structure is great:
Share Structure
Market Value1 $495,656 a/o Oct 17, 2014
Shares Outstanding 4,956,563,681 a/o Apr 10, 2014
Float 4,343,112,208 a/o Apr 10, 2014
Authorized Shares 4,970,000,000 a/o Apr 10, 2014
I mean it is under 5 billion.
Yes I see your point. They answer the IR questions that help them but avoid the questions that would hurt them when presented on Facebook. I get your point. Thanks again for pointing that out.
Yes because they answer questions on Facebook that pump the company why would they want to reveal the lies on Facebook... I get your point. Thanks for clearing that up.
Why does this company dodge the hard questions? Simple question who owns Text2Bid. Singlepoint is claiming it but they partnered with Text2Bid per a PR, so how can sing claim ownership? Simple question... No answer. Another PR announcing JV claiming they forecast 1000 merchant clients by years end. They say they are on track to meet sales goals, so they are on track to get 1000 or was that unrealistic expectations? No answer... Easy question to answer but the avoid it.
If the deal was finalized why haven't they removed Chris Mills from the registered agent?
http://www.sos.state.co.us/biz/BusinessEntityDetail.do?quitButtonDestination=BusinessEntityResults&nameTyp=ENT&entityId2=20141310882&srchTyp=ENTITY&fileId=20141310882&masterFileId=20141310882
The way it's going the price will be under a penny soon enough so they won't have to worry about up listing.
This thing don't hold a penny, it's bye bye QB
That is a good question, most companies that claim to be transparent list the notes in their reports... Not SING . Soon I would say. Any revenue they receive goes towards consulting fees (paying themselves). So being consultants get paid before debt holders, there isn't any money left to pay off debt so they have to get converted. And if they are carrying them over from last year, as you pointed out, they have to be reaching the max term limit. Been well over a year with a lot of these notes, not many are usually made for longer than 12-18 months.
OK. Still almost half a million on notes. There may be more notes out there than there are shares. Could already be planning a raise in the share structure. The 100k cleared up that you speak of was probably the 41 million dumped the the first part of 2014. May be many more coming.....
$462,895 that is the amount of notes hanging out there. Wonder what conversion rate those notes are written. Did they not say that SING would be debt free by the end of Q2 2014? How can you have almost half a million in notes out there and think you would get close to being debt free? Would this be an example of a misleading statement? Why do they not list the notes and what they convert to? My guess is with that much in notes out there and revenues falling, there will be a share increase soon to an authorized of 1 billion+
That's how MMs walk em down.
Listen carefully to his words. Not verbatim: our JV partner GREENHOUSE has 120. We have been able to sign 40. Greenhouse accounts are not the JV accounts.
Listen to the interview. He said GREENHOUSE had 120 accounts (not Singlepoint). Singlepoint has 40 accounts. These numbers can not be combined because Singlepoint gets nothing, no part, no money from the accounts GREENHOUSE has.
So you are saying once a person wakes up to the pink scam and learns that he is getting scammed, then and only then a person will have learned the lesson that the only people that make money in pinky land are the insiders and MMs.... Great lesson BK.
Lower highs, lower lows. Thought this stock would be different than other stinky pinks, guess not. Can't believe the SEC let's these companies rip people of like this.
SING had been talking about acquisitions all year, how many companies did they acquire? 1 they acquired a company that they started themselves. Pumped acquisitions on most of the moneytv spots, tweets, every medium. But how many....1 and they had to start it to acquire it.... Untrustworthy.
So Greg issued himself a bunch of preferred shares and still holds shares from the last attempt at starting a company? Lifestyle wireless. Besides giving himself free shares, Greg nor any insider has spent their own money on stock since Singlepoint was formed... How, as an investor, should a person have confidence in the company if insiders don't? 40 million in revs by 2018, of the insiders believed half them revs would come true they would be plunking down cash. Maybe they will buy more once the authorized is raised to secure that 5 million in funds.
That's a big tell on the company, no insiders are buying. If you come out with projections of 40 mill in revs by 2018 and you truly believed it, insiders would snatch up as many shares as they could.
Seems to be a repeat comment: "go ahead and sell, I will but your shares". Just s ignorant comment. For months there has been a wall with hundreds of thousand shares waiting to be bought. Of everyone is so eager to buy my shares why is there still such a huge wall? Buy those shares, there's plenty to go around. If your going to talk big, buy some of the shares that keep this pos down and quit worrying about my shares. You don't want my shares you just want to talk big. You will know when I start dumping because I have enough shares to blast thru support, I start dumping and this will drop below a penny quick. Watch what you wish for.
Singlepoint is trying to tell is that they are developers of text2bid? Why is it that in the following PR they are excited to acquire the rights to sell text2bid:
http://www.businesswire.com/news/home/20130827005304/en/Singlepoint-Secures-Partnership-Sales-Rights-Mobile-Auction#.VDSzkcso4m8
It's the old bait and switch off the penny land. This company tells you one thing and then a half year to a year later it's a whole new story. I would like to know how you can view the path that sing is currently on will be the same next year or even next month.
This company deserves true deep DD. Caution to those thinking of buying this companies stock, really do your DD... You will find that nothing is consistent with this company and the build up to the news is always better than the news itself.
Shareholder confidence seems to be at an all time low. People tired of big hype build up and results that fall extremely short of expectations. Now they want to raise 5 million in financing? Doesn't matter what they use that money for, it won't match the share structure that is going to have to blow up. 40 million projections in less than 4 years? Wow...I mean paint a picture of blue skies but try not to go over board and show your hand.... Ridiculous. Think it's time to cash out while it's above a penny.
I read that. How can Singlepoint claim Text2bid as their developed technology when they clearly put out a PR about a year ago saying they are selling it for for maestrosoft. Now all of a sudden it is sing technology? Want to raise $5 million? Get ready for a bug share increase... Have to have collateral for 5 million bucks.... This could get out of hand quick....
Here I will pull up that link you provided:
They don't continually dilute. But they dilute. In 3 months they diluted 41 million shares at a range of .06-.04 so let's average it out to .05. So .05 times 41 million = just over 2 million raised in that time. Where did all that money go? No need to continually dilute and clue in investors when your making 2 million a crack. Let's not talk about the raise from 68 million to 268 million in just over 1.5 years. Then throw in the 20 million issued preferred shares at a rate of 4 common per 1 preferred. Another 80 million, brings us to 348 million. Then throw in notes that may or may not be converted.... This thing may be close to maxed out.... Share increase coming... Don't worry they will say it is needed in order to uplist or something....
Buying opp right here. Bears are losing steam. Still have many that have to cover.
Just a list of PRs that ended up being nothing, they sounded great when they came out:
http://www.otcmarkets.com/stock/SING/news/SinglePoint-TM---Inc--Announces-Partnership-With-Green-Company-Holdings--Inc--for-Leveraged-Opportunities-in-Payment-Systems-for-the-Medical-Cannabis-Industry?id=77172&b=y
http://www.otcmarkets.com/stock/SING/news/SinglePoint--Inc--Teams-With-Motivity-Labs-in-Joint-Venture-on-Mobile-App-Development-for-Cannabis-Industry-and-Beyond?id=76446&b=y
http://www.otcmarkets.com/stock/SING/news/SinglePoint--Inc--Executes-Letter-of-Intent-to-Acquire-Digital-Signage-Network-From-Digital-Advertising-Pioneer--Drive-Media-Networks--LLC?id=80191&b=y
http://www.otcmarkets.com/stock/SING/news/SinglePoint--Inc--Launches-LEGAL-420--Dynamic-Smartphone-Application-With-Database--Directories-and-Services-for-Medical-Marijuana-Patients?id=79303&b=y
http://www.otcmarkets.com/stock/SING/news/Crowdfund-Television-with-Donald-Baillargeon-and-Kevin-Harrington?id=77104&b=y
http://www.otcmarkets.com/stock/SING/news/SinglePoint--Inc--Outperforms-2013-Revenue-Projections--Reduces-Debt--Raises-Substantial-Investment-Capital-Toward-Rapid-Expansion-Into-Cannabis-Markets?id=78740&b=y
That last one is the killer, debt free and on the way to sustainable profitability by end of Q2 2014(how did that work out? (Now they are looking to increase debt). Plus 500k raised thru private investment (toxic lending) good luck when those notes come due....I see a share increase coming. They have to leave a buffer in the outstanding shares to account for the preferred shares getting converted. Now some of these notes get converted and there goes the share structure... Seen it many times in pinkyland.
Where does any of that say anything about contracts? How can you be a leading company in the mobile marketing sector when revenues are falling from highs that are no where near leading anything? I mean because the CEO tells me they are a leading company I should believe them? If that was the case I would believe we had a digital signage division, a motivity app.... You know the rest
Guess I am missing the part where it says anything about contacts.... Could you highlight it for me?
And look at their website and look at the pricing, it is a monthly pricing. Meaning of you try it for a month and don't like it you don't have to continue. Not that difficult really. If we took the spoken word of our CEO we would have an app from motivity, a digital signage company, sustainable profitability by end of Q2 2014, single swipe would be trade marked (before they spoke this they didn't even look up to see it was already trade marked), receiving instant revenue from ad sales on legal 420, 2 companies acquired (not Greenstar) in the mmj payment sector, 500 accounts by year end ...... Man when does it end?
Ahh yes the PR pump that stated it all. Sounded good until they didn't know what they were getting into. It's like either they knew they wouldn't be able to launch their credit card platform and pumped it anyway; or they didn't know and wanted to pump it. We were left with 6 months of boots on the ground with nothing to show for it. Yes they found Chris Mills and cost tailed that idea... Gave great big forecasts like 500 cashless ATM accounts be years end... 40 is a far cry from 500.
One last thing bring this is my last post: If this is going to be such a great company and come close to how good you and Greg say it is, why have no insiders been buying at these "low" prices. If the business model was so sound and the street is just blind to the reality, surely insiders would be falling over themselves to get shares and ride the money train to wealth.... Nope just millions and millions of preferred shares issued at no cost to them but a cost to the retail shareholders... Yes
Don't believe none of the stuff on this board. Go read past PRs and listen to all the moneytv spots. That will show you the many business plans they threw at investors. That will show you what they said was coming but didn't. Do true DD and your questions and uncertainty will be answered.