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Well Waypoint has given up on the Crowd Fund, now Steve if showing signs of accepting the inevitable
I am disappointed that only a couple AITX folks invested in RAD-M. I thought it'd be a good thing and people would like it. You'll see me promo it more as we have just over a week left and I really like it (FYI I can't advise on anything related to trading AITX but I am able to promote/encourage investment in RAD-M. The Rules)
So maybe expect surge ?? ... actually don’t.. it’s dead.
Got a question in on one of my aliases on Waypoint, the stupidity there is simply astounding
Normally I would say only believe when you see it in the Filings.
Unfortunately Brian has form for filing inaccurate filings to the SEC.
Even so the OZSC filings ATM show a toxic debt ridden company.
It’s actually RS twice now as AITX in 2 years.
The price drops due to the extreme dilution
After the last RS ( in April ) they reduced the OS from 4 billion to 400k ( 10000:1 )
That also raised the PPS to $2
6 months later the OS is just under 1.4 billion and PPS 0.001
The 3rd RS isn’t too far away.
There is no value here, only deluded investors.
The Dollar amount pledged to the RAD-M Crowd Source, has actually gone down.
It looked initially that they would only get 10% of the upper target ( $100k from a projected $1 million )
Now its slowed to a crawl, and actually going backwards. $50k i think will be where this joke of an investment ends.
So they are not Selling 4% of the company, instead just managing 0.2%. Those that gave their money away will never see it again. 100% instant loss.
$50k gets AITX nowhere in terms of RAD-M Production capability. They cant produce more than a handful each quarter, and they burn $7 million doing that.
I feel like I’m commenting on the health of a corpse. The doctors just need to tell the family the bad NEWS.
New OS Number 1,371,858,875. Up 60 million, after been static for a couple of days.
Even AITXs own IR firm Waypoint admit the RAD-M crowd source has been an unmitigated failure. This is from the guy who claims to be in charge.
Waypoint-John
Just unfortunate that more people didn’t take notice of the crowdfunding effort. I know it wasn’t conventional but it’s probably one of the best ways forward in terms of completing Roameo orders quicker to allow for them to potentially buy back notes with profit from those sales.
I guess its fairly safe to say now that RAD-M isn’t worth $25 Million.
Wow, that actually looks like a healthy company. Millions in cash on hand, decent revs etc
What happened in the end when it all fell through ?
Well, at least traders on the OTC can sell their $20k investment and buy a Starbucks ( if its on offer ).
But point taken....
Follow AITX Charity donations
https://us.trucrowd.com/equity/offer-summary/RAD-M
$52,200. 26 investors so far (12 days left)
At current rate should hit 100k total ( 10% of upper target )
No exit for investors in this.. the shares are not tradable, simply giving cash away.
Looking good for TAAL / BSV / Craig.
Ira case may be a Non Starter
https://coingeek.com/lynn-wright-files-urgent-petition-to-declare-ira-kleiman-barred-from-suing-craig-wright/
Found a. Nice little site where you can track BSV transactions and compare to other coins. This is of course the life blood of TAAL. Transactions are higher on BSV for everything except ETH.
Its based on number of transactions, not value , but as BSV is targeting volume / scalability, its nice to see it holding up..
I think the Medical records app is coming online soon which will be a massive volume spike for BSV, and increased transaction revenue for TAAL
https://bitinfocharts.com/comparison/transactions-bsv.html
You can change it to price in USD, then BTC rules them all.
Should also state some notes operate on a average of the lowest price over a number of days. This is why you see a low spike to tap the low nearly every trading day.
example:
This note is convertible at any time following the funding of this note into a variable number of the Company’s common stock, based on a conversion ratio of 55% of the average of the lowest trading price for the 25 days prior to conversion.
One of the lesser understood aspects of the dilution machine is the discounted rate, and how that impacts the day to day charts.
When a note holder converts shares its at a discount ( normally 50% ) of the lowest closing price over the last 28 days ( from memory ).. we saw a while back the PPS close at 0.0012, so Holders are currently converting at (0.0006).
Obviously they want to make as much as possible, so an PPS at 0.0012 isn’t brilliant they want it as high as possible after the low close has been set. A short term pump to say 0.0016 would improve their profits.
This is why when a ‘new’ low is posted, its normally significantly lower than the previous one.
Its also why only 800,000 toxic debt was cleared. As they are only paying a fraction of the actual share price. Much lower than even their 50% discount would suggest.
1) post a low closing price
2) let the price rise but dilute into the pumps
3) post a new low when the PPS can no longer be maintained ( or 28 days expires and a new low is needed )
Currently its clear, they are not able to attract many buys above 0.0012. So its probably time to drop it a few steps.. it will be interesting to see if the OTC allow it below 0.001 before going NOBID.. they may let it drop to 0.0001. In which case 0.001 can provide little actual support.
Sneaky
LMAO...
Did a Wiki search for Brian Conway.... look what I found...
Brian Conway is a contemporary Irish fiddler.
Must run in the family....
Rev in Q3 was 76k
So with a 133% improvement Rev in Q4 just under 200k
Debt ( run rate per quarter ) is $7,000,000
Maybe higher if they need to manufacture more...
So a cool $6,800,000 loss in Q4 expected.
On top of the accumulated debt of 32 million ( $39 million now expected ? )
Can’t quite work out why they would PR that.
Follow AITX Charity donations
https://us.trucrowd.com/equity/offer-summary/RAD-M
$49,450. 23 investors so far (15 days left)
At current rate should hit 100k total ( 10% of upper target )
No exit for investors in this.. the shares are not tradable, simply giving cash away.
I wonder how many other companies that are about to ship their first unit can be valued at $25,000,000 ( even if it is just by the CEO )
Especially when they are loosing 7 million a quarter and are infected by millions of toxic debt.
I wish I could get such a sycophant response from investors I had lost most of their investment.
Waypoint is a very strange place.
I wonder if Cathy our PCTI president is on here right now reading comments? If you are on here Cathy, we think you’re awesome and you have a lot of fans! Would love to talk to you sometime and just say hello. Keep kicking butt, and please tell Bill and your team they are amazing! Have a good evening! Cheers! ??
Good Grief....
MO = Modus Operandi
Just a clever way of saying “Way of doing things”
Read back, the so called $124 million deal between two micro companies. The PPP director under arrest for tax fraud. Every company Brian touches is infected by his toxic MO. This will end in SEC action for this and many other stocks.
Not by me, but I agree with the text.
Brian Conway founded and owns The Waypoint Refinery.
It is an "investors relation" firm that uses non-SEC approved channels to pump stocks and lie to investors to facilitate dilution scams.
He uses the discord chat rooms to tell traders about press releases before they are released to the public and to mislead investors about things like the amount of dilution left, the value and state of operations, and his projections for the future (stock price, buybacks, revenues, etc.) all in an effort to make the traders feel special while he facilitates the dumping of billions of shares on their heads by the dilution funders he is really working for.
He literally lies and misleads hundreds of potential traders in those discord chat rooms to manipulate the share price of the stocks he pumps.
His use of the discord chat rooms to share insider information and mislead investors is a clear violation of Regulation FD and a clear violation of securities law.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156715063
Those discord chat rooms are clearly not available to all investors. The use of the chat rooms to share information not available to the general public has not been disclosed to the SEC. And by banning members that ask tough questions or speak negatively about the stocks being touted it prevents everybody from getting the information at the same time.
IMO it's currently one of the dirtiest stock pumping operations out there.
I look forward to the day the SEC files charges against Conway
I appreciate the difference, my comment was more general, stock scanners are awful on the OTC. Really bad stocks given stupid PPS based on unsustainable trends. OZSC was $34 in a year ( 3.1 billion OS )... so a 100 billion MC for a scam stock not worth a dime.
The original comment was.. look at the volume, slam dunk today is too the moon. When its obvious the stock was to continue the dump phase. ( which it did ).
I will be honest and say I have not looked at DDAmanda, My comments were far more general.
I will take a look.
Conway can’t keep his mouth shut, he is a compulsive liar.
Once a scammer always a scammer.
Yep, checkout the share structure.
RAD-M = $25 million in crazy land
AITX which owns RAD-M is overvalued at $1.5 million.
Massive debt / note dumping
No value here
Waypoint makes me laugh.
Genuine comment,
Lot of volume today, hopefully a lot of that is Dilution, help burn it off...
—-
LMAO 3 months of heavy dilution did 800k off $6.6 million. This has years to go (4-5 more RS at least)
Don’t forget the other debt ( 32 million total now ) burning 7 mill per quarter.
I’m pretty sure it’s
Scary
Conway
Authority (in)
Manipulation
It didn’t stay there long ( seconds ) .. the OS post split was 400k, hence the 800k Market cap i mentioned.
I do agree, the $2 is meaningless.. if you take both RS into account, by todays price should be $80,000. In real terms thats how much it has dropped in two years
$80,000 -> 0.0016.
And people still think its a great investment.
Or that RAD-M is somehow worth $25 million
A complete joke...
My point was, that the tools like DDAmamda, simply cant account for the changing OS and volume that entails, so are not great on OTC stocks in general, and terrible where dilution is involved.
Thats looking Pre RS.. look at the April numbers.
It was on the temporary ticker AITXD?, also it fell from $2 to about 20 cents very quickly as soon as the diluters could start back up.
AITX was trading Pre RS at 0.001 with the OS at 4 billion. the 10000:1 RS took it to $2 ( but not for long... )
Thats looking Pre RS.. look at the April numbers.
It was on the temporary ticker AITXD?, also it fell from $2 to about 20 cents very quickly as soon as the diluters could start back up.
AITX was trading Pre RS at 0.0001 with the OS at 4 billion. the 10000:1 RS took it to $2
As a rule these types of tools are pretty poor at predicting OTC stocks, especially those with dilution or previous reverse splits.
Dilution can be misinterpreted as interested volume.
Spike hikes can be seen as breakouts, where they were just MMs walking it up to sell more toxic shares
Moving averages are meaningless when using an OS in constant flux.
AITX was a $2 stock in March, now its 0.0016 an obvious drop in PPS, the Marketcap however is actually higher. In March about 800k, and now around $2 million... both valuations are meaningless.
You can also find the OS numbers are not updated quickly with these tools, many on AITX still think the OS is 196 million ( not the 1.3 billion it really is )
Using them on more established tickers Nasdaq / Dow etc, they can be quite useful
Or in this case a there was a pump and heavy dilution.
All thats coming now is the dump
OS number in context.
08/24/2018 Reverse 1:100
03/27/2020 Reverse 1:10000
3rd RS expected early 2021
Mid April. 400k. ( following 10000:1 RS was 4 billion)
Mid May. 2.3 Million
Mid June 17.2 Million
Mid July 152 million (Restated 196 Million)
Mid August 446 million
End September 843 Million
October 1.318 Billion ( Updated Daily )
Since April for every share in existence, they have diluted over 3000
OS prediction for End of October was 1.2 Billion ( now already at 1.3+ 1.5 billion now the new target)
Share Price expectation 0.001 and NO BID in October
I think they do manufacture the systems themselves, and that is actually why they are making such huge losses.
The ‘Production Line’ is just a bunch of guys manually hand tooling each individual component. ( At least thats true of the casing ) . SR has taken pictures of this and posted on twitter in the past.
There is no scale here. They need to be selling hundreds / thousands of these every quarter to get out of the debt hole they are currently in. They cant currently manage much more than a dozen.
They lost 7 million on the few they managed to ship this quarter. ( Total debt now 32 million ).. with a loss rate that high, and not been able to significantly ramp up production, they are dead.
Dumping Toxic shares is the only thing this company does well.
New OS number 1,318,472,208
They dumped over 10%..
Was 1.184 billion yesterday 134 million added in a single day. That’s impressive even for AITX.
Expecting similar today.
AITX made a loss of 7 million in the last 3 months.
For the few units they shipped, they charge about $750 a month. When they ship 1-2 units they PR. To break even they would need to have over 3000 units in the field... I would be surprised if they had more than a dozen out there today.
AITX is a toxic mess, the notes are heavily discounted and also carry interest rates up to 24%. This means they can never dilute fast enough to actually pay them off, they are constantly regenerating.
In the last 3 months they still have 5.8 million of toxic debt... the previous quarter was 6.6 million. So just 800,000 cleared. But look what happened to the OS in that time. The PPS also crashed.
But it will get worse... when the PPS hits 0.001 and NOBID the dilution will virtually stop, as the buyers have finally run dry. Only a third RS will allow the dilution to start back up. An RS however takes time. From the point its announced to actually taking place could take 2-3 months. With little dilution the interest on those notes will start to rapidly increase the total toxic debt.
After the RS is finally actioned, the debt will be higher than ever before.
AITX is a toxic mess of a stock.
There has been 2 reverse splits so far as AITX
The 3rd will be announced fairly soon, 0.001 inevitable
Loss is the Quarter $7 million
Total Loss ( accumulated now 32 million )
Revenue 76k
That’s right they spent 7 million to generate 76k
LMAO Toxic Note Liabilities was 6.6 million on the last filing.
After all the dilution AITX has had its dropped to 5.8 million.
On Waypoint they were predicting it was nearly all paid.
Volume 423million so far today.
Will be interesting to see how much Dilution they managed today.
OS number in context.
08/24/2018 Reverse 1:100
03/27/2020 Reverse 1:10000
3rd RS expected early 2021
Mid April. 400k. ( following 10000:1 RS was 4 billion)
Mid May. 2.3 Million
Mid June 17.2 Million
Mid July 152 million (Restated 196 Million)
Mid August 446 million
End September 843 Million
October 1.184 Billion ( Updated Daily )
Since April for every share in existence, they have diluted over 2000
OS prediction for End of October . 1.2 Billion ( now looking very low )
Share Price expectation 0.001 and NO BID in October