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.
SMP deploys rental instead of RAD...
SMP Robotics S5.1 Robot Deployed at Shopping and Warehouse Center to Enhance Security and Intelligent Monitoring
per PR RAd worked hand in hand to customize the rental, yet SMP deployed it....RAD failed to get the deployment
wonder if SMP is trying to distance itself from the
NON-REPORTING company of RAD..
maybe SMP has seen that RAD is not the logical choice to use for it's deployments...
wonder why SMP deployed the rental and not RAD...
Is RAD's severely overdue financials and it's own inability to deploy rentals in a timely matter some concern to SMP....
omvs
Huge note due at end of month
for 380 k..wow....
hmmmm
There are many companies that perform reverse mergers, also known as reverse takeovers, as opposed to other, more traditional forms of raising capital. A reverse merger is when a private company becomes a public company by purchasing control of the public company. The shareholders of the private company usually receive large amounts of ownership in the public company and control of its board of directors (B of D). Once this is complete, the private and public companies merge into one publicly traded company
oh the CEO, per nt 10q for the extremely delayed financials..
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date
October 16, 2017
By
/s/ Garett Parsons
Garett Parsons, CEO
who is CEO, what does the above reverse merger specify as controlling officers and BOD....so far it's OMVS...
RAD is a wholly owned subsidary of OMVS....
that is why I love the legal SEC filings, and not the vague and misleading pr's.....happy thanksgiving...
no chicken for me on thanksgiving...
RAD army taking reservations for hotdogs on XMAS, get in early as there is only 8 to a pack...
yeah see this...
SMP Robotics S5.1 Robot Deployed at Shopping and Warehouse Center to Enhance Security and Intelligent Monitoring....
Yeah I see SMP deployed the rental and not RAD, that is painful...
Seems like SMP is leading now and RAD is secondary....
wonder why...
yeah RAD worked hand in hand with customer to customize the rental..
IN the long RUN, SMP deployed the rental, which runs 9pm to &am..
10 hours and the operational time is when there is no high level of activity, seems like there is concern for some sort of interference with contact, either human or vehicle...just a observation...
yes I am seeing that SMP deployed the rental and not RAD even after working hand in hand with the customer...intriguing ...
RAd army eating chicken for thanksgiving....
lmao...
no financials
no guidance
no thanksgiving surprise
no reverse merger
the only surprise will be the RAD best day pr around the 30th to prop
up the 380k note due to convert Nov. 30th..
OMVS/RAd refusing to do it's fiduciary duty of informing investors...
OMVS/RAD stringing along investors with broken projections and exaggerated vague pr's.......
RAd army hyping it up on twitter so you know a dump is coming, like what began yesterday....lmao..
be careful of the Notes that convert and never sell those shares..
be careful of the incredibly increasing OS from non converting NOTES...lmao
per pr yesterday seems that SMP is taking lead,RAd was mentioned but, but SEEMS SMP is reaping the rewards on that one..
SMP Robotics S5.1 Robot Deployed at Shopping and Warehouse Center to Enhance Security and Intelligent Monitoring...
that must be painful for RAD.....
Heard that the RAD army is having hotdogs for XMAS, far cry from the projected HAM.....
note for 380 k converting on nov 30th...
just right around the corner...
no financials
no news
no thanksgiving surprise
no guidance
no nothing....the OMVS/RAD way...
just another 100k and I am done for the day...nice rhyme..
RAD army eating chicken for thanksgiving, well done..
I heard the lineup for Xmas is hotdogs, better come early..
love those derivative/liabilities...
pay close attention to those in the fins.....just saying..
omvs
will rad and SMP merge...more news tomorrow...maybe...
may go long tomorrow..maybe
lmao
NOTE for 380 k converting NOV. 30th
yes ok the OS just mysteriously climbs..
wonder where all them shares come from those notes that aren't converting...
over 100 million since march...
nope no one is converting...that's compelling...
please explain where all those shares that aren't converting are coming from..
what is the OS at now..oh wait no financials no one knows except that it was at 97 million plus in Aug..
where are those shares coming from if not converting...
I am in AWE.....
omvs
please explain as I don't understand why if notes aren't converting, why is the OS climbing and getting bloated
I give that article to the RAD army today..
you're welcome
Seems many would have missed it but wanted to point out a couple of things...
SMP is the Major benefactor in the article..
RAD is secondary...
odd it seems.....
could something else be missing here....1 plus 1...2 together, hmmm
now that's a conspiracy theory...odd
happy thanksgiving
omvs
thought you were going to say that RAD will be a XMAS gift now...
I mean a couple of months ago this was going to be dollars by crispy chicken day...uhmm thanksgiving...
bid support should fall pretty soon...
with no financials, no guidance no nothing it's hard to say what RAD is getting..
I was taking that SMP landed the retailer and RAD was secondary in that pr..
So SMP is reaping the revenues and maybe RAD got something out of it, but isn't that odd that RAD didn't fulfill that order...
omvs
RAD army eating crispy chicken for thanksgiving...
no stuffing and no sauce the RAD way dry......
yes looks like an endless supply of shares being sold off today...
no financials and no guidance, OMVS/RAd refusing to do it's fiduciary duty on informing investors....
but a little tidbit from SMP....
SMP Robotics is pleased to announce that its S5.1 security guard robot has been deployed at a large, U.S.-based shopping and warehouse center where the autonomous solution will monitor the perimeter and the adjacent parking lot to improve security and efficiency.
11/21/17, 05:31 AM | Personal & Service Robots , Unmanned & Other Topics
The S5.1 security guard robot patrols from 9 p.m. to 7 a.m, focusing on 0.8 miles of the parking area. The robotic solution monitors parked cars and surrounding areas to prevent loitering on the property. In the case an unusual activity is identified, the robot will transmit an alarm signal to the security command center.
Robotics Assistance Devices (RAD), the exclusive North American assembly and distribution partner for SMP Robotics, worked closely with the retail leader to customize the RAD solution. RAD equipped the robot with state-of-the-art artificial intelligence technologies, which enable the solution to operate in an autonomous manner and execute swift identification. The SMP S5.1 security guard serves as a force multiplier and removes security personnel from potentially dangerous situations, reducing liability. The combination of human personnel with robotic technologies creates a strong value proposition that results in new levels of security and streamlined operations.
"We are very pleased with the success of the S5.1 security guard robot's implementation at this leading retail facility," said Leo Ryzhenko, CEO, SMP Robotics. "The SMP all-terrain system combined with RAD's artificial intelligence technology elevates the S5.1 robot to perform at the levels the retail sector requires. The combination of the two technologies delivers the ideal solution to anyone looking to augment their security force with robotics."
not sure how this one works for RAD...
10 hours of work and no activity when people are present...
that seems kind of odd, is this retailer worried of mishaps with pedestrians
omvs
note for 380k maturing nov. 30th
forgot Delivery and Debt...
Quote
(They’ve got $6M in reported contracts, guidance)
That is on delivery of rentals etc...
Yet there is no financials, no SEC filings related to material events...
there is no public disclosures beyond pr's...
but just follow along on twitter..
it's not nervous sellers, it's smart sellers...just saying..
chicken for thanksgiving..crispy and overdone for the RAD army...
must not forget the debt, can only imagine what it is..
especially those derivatives/liabilities
omvs
380 k note due on Nov. 30th...
what???
No stunts but all public knowledge..
Can't help with the facts...
no thanksgiving surprise, thank SR and GP...
no 1.5 month run, thank SR and GP....
no updated guidance for sometime, per tweets of SR, thank SR and GP for that..
Omvs/Rad denying to do it's fiduciary duty to keep investors informed adequately, thank SR and GP for that..
OMVS/RAD severely overdue on it's financials, thank SR and GP and the topnotch CPA for that..
RAd army having chicken for thanksgiving, thank SR and GP for that..
omvs
but it wasn't a reverse merger...
RAd is a subsidiary of OMVS...
it's all public knowledge...
Item 2.01 Completion of Acquisition or Disposition of Assets.
On August 28, 2017, (the “Closing Date”) On the Move Systems Corp. (“OMVS” or the “Registrant”) completed the acquisition of Robotic Assistance Devices, Inc. (“RAD”), a corporation formed pursuant to the laws of the State of Nevada, whereby it acquired all the ownership and equity interest in RAD (“RAD Equity”), which RAD Equity is held by RAD’s sole director, shareholder and CEO, Steve Reinharz (“SR”) (the “Acquisition”).
Incorporation and Prior Business of the Registrant
The Registrant was incorporated in Nevada on March 25, 2010 and reincorporated into Nevada on February 17, 2015 for the purpose of focusing on transportation services and exploring the on-demand logistics market by developing a network of logistics partnerships. The year-end is February 28. The Registrant is located at 701 North Green Valley Parkway, Suite 200, Henderson, Nevada 89074. The telephone number is 702-990-3271.
(i)
The Registrant was in the process of building a shared economy app designed to put independent drivers and brokers together for more efficient pricing and booking, optimized operations and quick delivery turnarounds. The Registrant had signed a letter of intent with a Houston-area software design firm regarding development of such a platform. The app was intended to connect national and local carriers, maximize revenues and reduce costs.
(ii)
On May 10, 2017, the Registrant entered into a binding letter of intent (“Binding LOI”) with Robotic Assistance Devices (RAD - www.roboticassistancedevices.com) to acquire 100% of RAD. Pursuant to the terms of the Binding LOI, RAD and OMVS entered into a definitive agreement and consummated the acquisition.
Current Business of the Registrant
As a result of the closing of the Acquisition described above, the Registrant has succeeded to the business of RAD and has purchased all of the outstanding shares of capital stock of RAD. As a result, the Registrant’s business going forward will consist of the delivery of artificial intelligence and robotic solutions for operational, security and monitoring needs. RAD is initially targeting the security industry which utilizes electronic systems and employs approximately 1.1 million security guards in the US for the purposes of protecting the assets of government, commercial and industrial assets. The RAD robot security guard solution combines the best of both solutions to provide a superior solution at a price that delivers to its clients a ROI.
The Registrant intends to pursue the business of RAD and assume and execute RAD’s business plan as its sole business. See description
I love google.....
I also love the SEC filings...lmao
yes, that is in a reverse merger
But was the transaction a reverse merger between omvs and Rad..
not thinking it was...
RAD is a subsidiary of OMVS.....
A reverse takeover or reverse merger takeover (reverse IPO) is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. The transaction typically requires reorganization of capitalization of the acquiring company.
In my understanding they merged...
380k note converting Nov. 30
November 30, 2013
November 30, 2017
10%
$0.01
374,458
394,458
oops
*
The indicated notes were is in default as of May 31, 2017 and bear default interest of between 18% and 25% per annum.
(1)
The note is convertible beginning six months after the date of issuance.
During the three months ended May 31, 2017, we incurred original issue discounts of $91,000 and derivative discount of $414,250 on convertible notes issued during that period. These amounts are included in discounts on convertible notes payable and are being amortized to interest expense over the life of the notes. During the three months ended May 31, 2017 and 2016, we recognized interest expense related to the amortization of debt discounts of $128,686 and $89,292, respectively.
During the three months ended May 31, 2017, we issued convertible promissory notes of $610,250 and received cash proceeds of $519,250. See “Convertible Notes Issued” below.
During the three months ended May 31, 2017, we prepaid principal on a convertible note payable of $31,230 and incurred a prepayment penalty of $40,429. During the same period, we repaid a convertible note payable of $50,000.
All of the notes above are unsecured. As of May 31, 2017, we had accrued interest payable of $549,755.
while I used one as an example...
but also those pesky derivatives/liabilities
The Company evaluated the terms of the notes in accordance with ASC Topic No. 815 – 40, Derivatives and Hedging - Contracts in Entity’s Own Stock and determined that the underlying common stock is indexed to the Company’s common stock. We determined that the conversion features met the definition of a liability and therefore bifurcated the conversion feature and accounted for it as a separate derivative liability. During the three months ended May 31, 2017, we amortized discount on convertible notes payable of $128,686 to interest expense.
Note 8. Derivative Liabilities
During the three months ended May 31, 2017, we released $732,931 of our derivative liability to equity due to conversions of principal and interest on the associated notes.
On May 31, 2017, we revalued the fair value all of our derivative instruments and determined that we had total derivative liabilities of $15,966,384. During the three months ended May 31, 2017, we recognized loss on derivative of $3,346,270.
The Company estimated the fair value of the derivative liabilities using the Black-Scholes option pricing model using the following key assumptions during the year ended May 31, 2017:
in reagards as to why 380k note
On June 16, 2017, the holder of the convertible note payable dated November 30, 2013, sold principal on the note in the amount of $15,000 to a third party. The Company agreed to amend the terms of the note that was sold to be non-interest bearing and payable on June 16, 2018. The conversion price was changed to $0.001 per share. The Company did not receive any proceeds from this transaction.
On July 8, 2017, we issued a convertible note payable for $200,000 which bears interest at 8% per annum and is due July 6, 2018. The note is convertible into common stock of the Company at a 40% discount to the lowest trading price in during the 20 trading days prior to conversion.
but I am a rookie...
I didn't use RAD's financials, that was OMVS's
omvs
notice how those derivatives/liabilities convert to equity and conversions, adding more to the OS...
wow
380k note will convert on nov. 30th
well obviously some don't understand conversions, but that's ok
google is a good friend and nowhere did I say it would convert all in one day...but carnage will begin on that day..
notes convert over a series of days and time...
note holders are there to recoup monies and however much one wants to paint them as good Samaritans, well that is totally opposite..
a brief summary after Sept 6th trading..
Sep 15, 2017 0.06 0.07 0.05 0.07 0.07 13,312,700
Sep 14, 2017 0.08 0.09 0.05 0.06 0.06 19,325,800
Sep 13, 2017 0.09 0.10 0.08 0.08 0.08 6,132,100
Sep 12, 2017 0.11 0.11 0.09 0.09 0.09 2,220,600
Sep 11, 2017 0.11 0.12 0.10 0.11 0.11 1,340,900
Sep 08, 2017 0.10 0.12 0.10 0.11 0.11 1,218,600
Sep 07, 2017 0.12 0.13 0.10 0.10 0.10 4,510,700
Sep 06, 2017 0.09 0.13 0.09 0.12 0.12 9,330,200
so what exactly happened then..
march 22nd
Mar 28, 2017 0.02 0.02 0.02 0.02 0.02 588,000
Mar 27, 2017 0.02 0.02 0.02 0.02 0.02 459,700
Mar 24, 2017 0.02 0.02 0.02 0.02 0.02 341,500
Mar 23, 2017 0.02 0.02 0.02 0.02 0.02 189,800
Mar 22, 2017 0.03 0.03 0.02 0.02 0.02 448,100
looks like the days afterwards volume increased and pps dropped...
just saying this is otc...
those were small notes, compared to 380 k and 38 million worth of shares,peanuts...
yes did put 2 and 2 together didn't add up to 4...
but everyone is entitled to their opinions....
380 k note converting on 30th of nov...
No thanksgiving surprises here...
no 1.5 month runs...
no financials....
no Rad best day news, well that will be around the 30th if fins released...
no SEC filings of material events for company...
No guidance for awhile, tweeted by SR himself...
Sr tweets that the financials look good, along with upcoming Q's, I see how unlikely that is as the CPA, top notch who can't even get them in order in 2 months...
SR being the financial wizard, states they are good, but has to have a top notch CPA still trying to figure them out....time, time, and time again..
can't wrap my head around that one.....
Delay, Delay, Delay,
The RAd army will be having chicken for thanksgiving by the looks of it..
Well as the tweets and debt mount, as the company hides behind a Gagged TA, refusing to do it's fiduciary duty by keeping the investors in the Lurch...
go ahead SR keep tweeting,but that is wholly an inadequate way to keep investors informed...
going to love seeing those omvs derivatives/liabilities now
omvs
Your heart was in the right place..
But this is the otc...
Knew this was coming awhile ago..
By all rights this stock should have moved up a little more than it did..
But many did not pay close attention to the prior financials, especially OMVS's..
The lack of SEC filings from the company and reliance on Twitter for exposure...
The continuous climb of debt and OS...
The 8k on the CPA change solidified the delay in financials, but even the amount of time it has taken is questionable...
I would just put one more point out and then that is it from me, pay close attention to the derivatives/liabilities...that will be fun to see...
Omvs..it should have ran, but it was set-up from the get go in my opinion..
380 k converting on june 30th
it's simply put...
when note matures..
I also stated that noteholders convert quickly at times to deflect ownership filings etc..
google a little more, besides seed investments which one was put there to clarify the different convertibles, but always rush to judgement...
read last one when note matures...
then use google to read up on convertible notes if you do not understand it..
omvs, the thrashing continues..
380 k note will convert on nov. 30th...
good try, but you probably already know that statement isn't true...
simply put...
How do convertible notes convert?
A convertible note is a form of short-term debt that converts into equity, typically in conjunction with a future financing round; in effect, the investor would be loaning money to a startup and instead of a return in the form of principal plus interest, the investor would receive equity in the company. Oct 27, 2017
love those derivatives/liabilities...
What is 'Conversion Premium'
A conversion premium is the amount by which the price of a convertible security exceeds the current market value of the common stock into which it may be converted. A conversion premium is expressed as a dollar amount and represents the difference between the price of the convertible and the greater of the conversion or straight-bond value. Convertibles are securities, such as bonds and preferred shares, that can be exchanged for a specified number of another form (typically common stock) at an agreed-upon price. Convertibles can be converted at the will of the investor or the issuing company can force the conversion.
But my oh my can't wait for those fins..
whenever they come out...
omvs
Are Convertible Notes a security?
Yes, a convertible note is a “security” under federal and state securities laws. Accordingly, founders must understand that, even though a convertible note is debt upon issuance, it is no different than issuing shares of common or preferred stock for purposes of securities-law compliance.
What happens when a convertible note matures?
The company could either (1) pay back the loan (which is unlikely since it is probably out of money), (2) ask the investors to extend the maturity date, (3) convert the loan into the last round of Preferred Stock (if any) at a pre-determined (i.e. last round) price (or price negotiated at the maturity date)
SO just to understand once the note matures then it converts into shares.. :ie then the note converter sell the shares into market...
in this case at a very rapid pace so as to not file any ownership forms..
welcome to the OTC...
380 k converting on nov. 30th still....
I am having a good day....
doesn't look like OMVS/RAd is or over the next few days at that..
I do wish all a happy Thanksgiving...
but that holiday will cut short a day of trading for investors before that 30th note of 380k comes due..
doesn't look like any sort of gain before Thanksgiving...time to hold out for Xmas...
omvs
380 k converting on Nov. 30th..
first and foremost you should make your own calls on whether to buy or sell..
never rely on anyone to make your mind up period..
read that last sentence carefully....
but it looks like the guys on twitter are quiet today for some reason,
that 1.5 month run before next note from last month never happened.
financials are severely overdue...
no news has come out yet...
thanksgiving is 3 days away..
380k note coming due very soon..
OMVS's history and financials were severely flawed..
wait for those derivative/liabilities/conversions...
yes financials are very important..
Can't wait to see the current OS, but then again one must look at what date they use to state the OS...just saying..
never let anyone make your mind up as to investing...DD
omvs
not trying to save anyone, just calling it as I see it..
which is why financials are so important for investors..
to know what they really are investing in besides what is posted on twitter..
one should follow the debt besides the product..
a company can have hundreds of products going out the door, if spending surpasses what it takes to manufacture product and send it out, then company is negative in costs..
point is just because company has a few rentals out, revenue from that and expected costs doesn't warrant a climb in pps, especially with the increasing OS and DEBT.
so expect a further drop with fins which will be hopefully not to bad and then some news to prop the note..but then expect another drop with note..
omvs..
380 k note converting in 9 days
yep you didn't read note...
but I am sure the thrashing that omvs will start experiencing in the coming days as the pps sinks will be enlightening for many...
read the note and then let's talk 38 million shares, as a previous poster has pointed out...
it's nice when the conversation is followed...
omvs
Nov. 30th 380 k note converting
In my opinion, fins will be out by then...
also about then the RAD best day news or some news to mitigate the note..
which means that the company is expecting a dump..
so the day will be carnage and then several days afterwards, and yes you will be able most likely to get shares around .02.....
But after that with the increased shares and then lack of interest in company it may linger around that price until either some more good news, which is highly unlikely, will drop until next fins where then if no good news or exaggerated guidance to prop up the pps price will drop even further..just saying...
but it's going down....
omvs
380 k note converting on 30th....
glad you brought that up was wondering how long it would take..
glad you are optimistic, but that isn't the way it works...
the note converter will dump as fast as possible, while others will be shorting it down..without any Best Day RAD news, any financials well this will sink as it is now in preparation..
the noteholder has been holding, knowing full well that the conversion day is coming, their sole purpose is to make money on both ends of the note conversion and short..
so yes as long as financials are out and note isn't renegotiated, without any super news from RAd, thier will be carnage and dumping and others selling into it..mark it..
omvs
380 k note due on the 30th
depends on the amount of shares that will convert..
if pps drops even further then from what it is now, then the number of shares will increase...
that is highly likely as financials aren't out yet..
again that note won't convert if fins aren't out and it isn't renegotiated.. ending up in default if not...
but that seems to be the norm for OMVS, defaulting on finances and notes, as I stated earlier OMVS bringing it's bad business into RAD..not good..
but you never know...
omvs
380 k note coming due Nov. 30th
well until then, omvs being beaten down..
wonder why that could be...
look slike some are bailing before the thrashing coming Nov. 30th..
smart ones will sell before then and then reevaluate whether to pick up another position...
especially after financials come out if ever..
guidance is a long ways off as SR has tweeted, probably reevaluating that after the delays they seem to be experiencing in getting the rentals out..
but you never know...
omvs
Nov 30th 380k note due, new update
new update for omvs otc...
OTC Disclosure & News Service
View:ActiveInactive
No financial reports have been posted for OMVS...
what happened???????
omvs
380k note due Nov. 30th
Yes SR did tweet about ungagging TA by end of Oct.
being smart business owners, that is no reason to HIDE share structure
while paying down notes and trying to renegotiate...
counsel, what counsel, what lawyer is needed to gag a TA and why???
that seems kind of ODD...
point is OMVS/RAD is severely overdue on financials, has a 380k note coming due Nov. 30th....
OMVS was in default on several notes and carried it's bad Debt into RAd's business either deceptively or knowingly...
either way I believe SR got deceived and continues to be by GP..
RAD has a chance business wise if it lets GP portion go, get that shyster out of management, for until GP is gone RAD will suffer in my opinion..
but don't hold your breath for financials or the RAD best Day, that will either be on the 30th of Nov. to prop the note or to mitigate the losses of the note...period..
yes SR did tweet about ungagging TA as well as IR confirming it..fact...
omvs
Did point out that channel partners may utilize, but also pointed out that in said situation product must be vetted also..
In regards to getting government vendor status and registration, that does not happen quickly..
Visit the government webpage for that process and length of time it takes..simply put...
Still waiting on those financials, also understand by tweet from SR that guidance is sometime off, wonder why??
I can understand that as just recently Rad delivered it's first rental to it's first client after a month putting it out in a pr..
That seems likely that rad will fall rather short of it's stated 20 rentals by EOY of 2017, which means that it's stated guidance of 2018 is severely off keel..just saying..
Omvs
no thinking on that part, a company must be registered in order to quote and get goverment contracts..
which Rad isn't as of right now..
But if RAd was to do it through another agency like a security firm, then the product must be vetted..
Besides that the product (rental robot) depending on the Goverment contract would be limited as to it's use as it is surveillance listed with optics, etc....
So any place with Secret security clearances and above would be severely limited as to it's ability to roam perimeter..just a fact especially with it's wifi capabilities and 4g...
so no goverment contract in the near future as I can see..
omvs
then the big factor to open up a big can of worms would be the background and financial checks of OMVS/RAD in order to be vetted as a goverment vendor....
lmao too funny...
been hearing that the rad best day pr is only going to be rehashed news, with possibly 2 more commitments, not yet verified..
seems that some hokie omvs statements from past fins may need to be restated...
well like I said those derivatives, ooops I mean liabilities, well the fins will tell all...yep kinda wondered why they weren't being released....
Love those back room CPA's....
2 rentals out, 3 waiting for paint, customers waiting anxiously waiting for them, keyword anxiously...
So if RAD is able to at least ship those 3, that would be five out since the Oct. 4th pr which means that RAD can only do 5 rentals robots in almost 2 months...will be short for the 2017 guidance of 20 either way in my opinion...
severely short for the 240 guidance of 2018...
let's see..
looooking for
rehashed news= rad best day pr
restated fins, hoping they'll be released whenever
restated guidance, evidently RAd has overstated...
380k note due on nov 30th..10 million shares plus added to OS
DEBT existing and incurred and future toxic financing, conservative guesstimate another 100 million plus AS RAD burns through the CASH..
R/S in the near future in my opinion....
OS already around 140 million in my opinion...but I could be wrong...
Fins will tell the story if ever released........
omvs...
looking forward to the replies
failing to see the uptrend...
lower lows and lower closes and opens...
I mean the TA is simply pointing down and down and down...
wait until fins. are released and the downtrend becomes greater....oh on the 30th note due 380k big down day there...
fins another big down day...
new debt and notes bigger down days...
2 rentals, 3 unpainted, no real revenues for awhile...down days...
omvs way to go
yes that would be the 30th, 380k note due then...
best rad day and then the worst rad day...
fleece investors at the same time..
but then again the new notes and financing....
that will be a huge slide down..
omvs
unfortunately...
without financials, we do not know if the bots were paid for...
what we do know is that OMVS had prior notes and that is what dilution occurred...
what is also unknown is the amount of Debt RAd has built up besides OMVS's to date including the bots, my 1 rental stands as one other is supposedly out there in transit...so yes 2 I will give it..
the 2 freebies to romero only include their use, not manufacture and costs to do so...so that Debt also included...
now am I or If I was an investor, yes I would worry about Debt and especially dilution, given the fact that the company is failing to deliver on time and in a timely fashion..
the dilution, well as an investor that is troubling as each cycle shrinks your investment...
I know, most say no no no...
but fundamentally as the OS grows, along with the debt, the need for more dilution continues,harder to make the gains..eventually a R/S will be needed, that's coming soon...especially in order to meet the notes that will convert..
fundamentally it's hard to say where RAd stands as financials are severely overdue and in my opinion that means some things were questionable on them...I would say OMVS's history would be in question right now on fins...Rad just has a pile of debt to sift through..
well that's my opinion..
time will tell
that would be three...
2 to romero...freebies..
3 sitting on twitter, unpainted, unfinished,...
those other 3 if shipped timely =1500*3, total 4500 revs..
than you have to account for the cost of the bots and manufacture...
what does that come up to...
each bot must be rented out for a year is it before revenues are fully recognized as profit...
besides that, it also shortfalls OMVS/RAD guidance of 20 rental bots by eoy 2017....by 15...just saying....
then take in account day to day business, salaries,debt and financing...
road trips, leases, and that awful toxic notes...
nice 380 k due Nov. 30th...
well 4500 is a drop in the bucket and the bucket is Full up with DEBT..
just pointing out...
omvs
yeah ok...
opening lower and lower lows...
looks a little , I mean Quite bearish...
but oh well so much for the chart here.....
way to go omvs...
nice drop coming.....chart says it all...
omvs
Nov 30th, 380 k note due, that would be a great time to add to any position...
expecting the RAD best day pr then also...
that note will also add another 10 million plus to the already bloated OS, standing around 140 million now at best guesstimates..
then must add in the new debt, which is unknown because OMVS/RAd refuses to and is unwilling to release financials, which are severely overdue..
good time to add around 30th Nov...
1 rental deployment to date...lmao
way to go omvs
yes they hate hearing the stone cold truth...
As many can see the AI isc east speech yesterday was a complete bust..
imagine a company showing up touting AI security, with only one rental..
Severely overdue fins, which probably won't be filed anytime soon...
Severely in debt, stringing along investors with promo's and vague pr's mixed with hyped tweets..
Unwilling to file anything pertaining to contracts,financials,and material events to the SEC...
well really would like to see some more guidance for 2018, I imagine they may be doing up to another thousand by end of 2018...yeah don't think so...
only 62 commitments, 1 rental deployed, 1 maybe on it's way, and then another 3 pictured in a tweet, unfinished, unpainted going out soon...
That's 15 short for the year 2017 which is guidance and at the rate they are going will fail to meet that deadline by end of Jan. 2018..
well fundamentally, management wise, financially, OMVS/RAD is a bust..
omvs
lack of volume and buying tells it all...
way to go omvs
nov 30th 380 k note due...
2 weeks will bring it to right there...
so if no upward trend there, definitely will be a continued downtrend after that point...
expecting the RAD best day pr around then to prop up the note...
well that's if financials are released by then..should see by then..
but you TA has been spot on though some deny it as some are denial because of the ineptness of Management..
there were some touting a 1.5 month run when previous notes cleared but that was trumped by OMVS/RAd inability to follow through with fins and adequate deployments...delay delay delay.....
in my opinion investors are going to take a hit before it even looks like it will get better..which will be awhile..
time will tell and fins will be even more telling...
omvs