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The company filed its 8K on this, and now the Form 4's are confirming it. But before some moron puts a negative spin on this, go back and re-read the PR when this was originally announced, that ALL of those shares are locked up for a year, and THEN - AFTER that year, are all still subject to sales restrictions under Rule 144.
The ONLY effect this has on the company is to increase its MARKET CAP. Thats it. That means less dilutive investment for all you REAL shareholders. Get it? LESS DILUTIVE which means the company can raise money based on a percentage of its market cap along with its enterprise value. Let's see, would you want the company to raise $5M with a $1.5M market cap, or raise $5M on a $20M market cap.
Correct. So?
Wong Cheeky - they are LOCKED UP for one year, THEN they are restricted after that.
I am sure they will be filing their Form 4's which is required whenever they acquire, convert or sell stock. I haven't seen any Form 144's and no reported sales for several months, so not sure what someone is trying to pull. If they have PROOF of sales, then show it. If not, its a discussion that you will lose based on the filings.
That's one way to spin it. But SMME lost. Didn't it? Doesn't matter what happened before, it lost. Didn't it? And whatever MC's motives were for pushing the company for legal fee's they did. And lost their claim on legal fees. I think it was more of a gift by the court to SMME than anything else. 15 years and tens of millions of dollars, changing direction every couple of years, seems it's dead already.
I am pretty sure that BMAK will hightail it over $10 if it see's it going up.
Actually, the title of the PR is on the verge of fraud, and at least, is misleading. There is NO CASE against MC based on legal fee's. Its part of the overall case that SMME LOST to MC. I read it is the court didn't want to punish SMME any more than it did with the lawsuit that it LOST, so its forgiving them legal fee's that ordinarily would be awarded to the winner - in this case, MC. Tell me if I am missing something. Just means that SMME doesn't have to pay the winners legal fee's.
So besides all of the 5th grade grammar errors, the title and substance is extremely misleading, IMO.
When we get to $4.00 we can start celebrating again. Kodiak and BMAK destroyed our PPS and hope our SHE-E.O. breaks out the claws and goes for the jugular. IN the meantime, this is ALL NITE playing MM games because its not enough sustained buying, so they get t play inside the gaps.
Failure - you call selling 10's of thousand of safes BEFORE the company was public a ...failure? Having stopped selling them for almost 3 years to redesign them is a......failure?...... and having just launch a new program with the leading pharmacy retailer.....a failure? LOL. Please dave, you are now just being........yourself again.
One could mention failure as someone who professes too much, yet has never had skin in the game.
When your vested, come back.
It's simple. Simply not enough buying. nITE has been doing this for months and is collecting dollars, not cents. It's a typical long play short. When there is real buying they end
You can't force anyone to see what you see, especially when it appears that they purposely don't want to see it. All you can do is to continue to voice your opinion and that an event happens which makes them eat their words.........just amazing how much interest is there to try to discredit the company every single post, without a red cent invested.
Well, the 10K DOESN'T COUNT if all you are looking for is revenue numbers. However, if you become a real investor with skin in the game, I am SURE the 10K will reveal the kind of information that indicates all of the programs and steps that the company put in place in 2015 in order to position itself to RAISE enough money, in accord with its pro-forma, to meet its revenue projections.All companies start somewhere. 2015 was the somewhere, IMO.
Doesn't matter AT ALL what any of those numbers show - ALL that matters is whether those Wall Street blue chip bankers will invest, and at what terms. If they do, then everything you have pointed to is out the window. Revenues, PPS, dilution, ALL OF IT. The way I see it, the company gets a nice reboot once money is disclosed. That will be your new starting point for discussions, not what had already happened.
Ramble on.
I think some people are better at understanding "signals" than those who focus solely on historics. There's something to be said about an even combination of approaches in evaluating whether you invest or don't invest. Take YD for instance - he plays on the fringe of histories, be he knows this has the potential of exploding - he also knows the management team has been there before, and he also knows they were victims of the bad economy in late 2008 that drove thousand of companies out of business, even their former partners like Master Lock and Honeywell cutting back their work forces and cutting out innovating programs, just to keep their own doors open so I get it. He doesn't see what some of the rest of us see, and thats fine for him. He hasn't invested, but he is looking for information that fits his investment criteria, and RXSF doesn't meet that.....yet. In one sense, I completely get him. What I don't really get is what he is doing here other than he finds this to be an amusing exercise in the battle of wits, experience and knowledge. He is just a much harder sell. I am sure there is information about the company that would help him make a decision, but that information is probably strictly inside information, and proprietary to the company. To each his own.
But the real game here is whenever someone suggests a positive aspect of the company, he views that as lying, and hence, he takes it upon himself to set the record straight based on his own analysis, or actually lack thereof. After 2000 posts here, not once has he pointed to the size of the markets, recognized the financial problems facing healthcare because of these issues, and how this company's innovative products address and in some instances, would resolve those problems.
Only someone who DOES NOT hold a position in this company can so vehemently try to argue the counterpoints here in a way as to not analyze the ,markets, the costs to healthcare directly attributable to the problem of controlled substances, and how this companies products work at reducing costs, liability and even death - even though there are hundreds of government and healthcare studies to support what the company is attempting to do. When he is invested, he will most likely stop, because any negative inference he would then create, would have a direct negative effect on his holdings here.
Until then, he is playing with YOUR MONEY - remember THAT!.
The investment here should be based on enterprise value - which I hear is what new real money is digesting. Doesn't matter much our calculations, because of the low float, and low volume, the PPS is irrelevant to those types of investors. Just saying, if the 3 - yr. preliminary projections are correct, and the company gets to $100M a year in revenues, valuations are usually based at 4 to 6X revenues, and in healthcare, sometimes a 10X factor. There are companies on the OTC with $10M in revenue, and trading at .03, so ask yourself why? Its because their enterprise value is not worth it, and the market is probably too rich with hundreds of millions of shares. Traders and brokers value companies using a concocted trading formula PPS, v. float v. out standings . v revenues (picking and choosing which factors either help or hurt their investment decisions) just like some board members here, and those companies rarely raise REAL capital from real Investment Bankers.
When biotech/healthcare Technology companies are evaluated, sophisticated investors look at a number of factors that contribute to enterprise value - and guess what - its NOT PPS, trading volume, outstanding shares, float, etc......those numbers ONLY matter if the analysis includes an uplift, so those would be minimums if an uplift is in the funding plan.
There are funds who want to invest, and look for reasons TO invest - and there are funds who jerk companies chains claiming they WANT to invest, but use their meetings to show how their analysis on market factors don't meet up with their investment criteria (as if they are smarter than anyone else in the room)- and thats the difference between NASDAQ and NYSE, compared with OTC. OTC banks want liquidity - this company has none, not right now anyway. Its also the difference between making huge gains over a period of time based on enterprise value, versus gains made on quick (within a year) stock plays. 2 completely different approaches to investing, the latter, the company already said it wants to avoid. The former invest at premiums, the latter at discounts. Which approach do you want for this company?
So you decide whats best for you.
The best thing we can do is WAIT to see what the terms of any new money will be. THAT is the ONLY thing that matters - what real blue chip investment firms value the company at, not upon our speculation or calculations. It will be based on enterprise value with all sorts of sophisticated market and revenue calculations based on formulas solely designed to maximize their investments, so its WHAT THEY value it, not what the company nor its shareholders value it. If you think the float will not creep up, then keep dreaming. The company needs AT LEAST 1,000,000 shares in the public float to meet one of the requirements of an uplift. It needs a $4.00 stock price and $4M in shareholder equity. So the float has to grow - and knowing this company, it should be calculated growth when it happens. The shareholder equity is resolved on the very first $5M, and by going on non-deal roadshows, the company is obviously trying to get to 100 public shareholders and stimulate interest in the markets and to meet that listing requirement. I simply don't get what some of you see - I read that this has been the CEO's plan since the end of the summer, and every single administrative and mechanical step seems to have been executed and achieved flawlessly so far - with the exception of the unauthorized conversions, which the company is now addressing, and apparently had no control over.
Even at a 1,000,000 share float - the float is small - no one knows this company exists - what the hell do you want? The IHUB mentality of invest today, and take huge profits or losses in 2 days DOES NOT WORK HERE.
The more you speculate in order to trade, the greater disservice you are doing to the company IMHO.
Again, it doesn't matter, the "accretive" news you are looking for, because right now, RXSF is OUR secret. They just went on the road this week to start to introduce the company to the "street". Takes a LONG time. Its not some BS OTC IR firm luncheon to get 3 days of buying, then 4 days of dumping. If you are going to do it, then do it the right way. Doesn't, and certainly won't happen overnight. manage your expectations.
Every single company has a BIG "IF", and THATS what people speculate and invest in.
A $5M dollar lawsuit is NOT sensational. But it IS measurable by way of damages. Thats accretive news. Thats hard dollars TO the company, if successful. No different than securing a $5M - or $15M order. Depending on the claims, it may be no different. Just a collections process. So we will see how it pans out.
As YD would say, the devil is in the details. We can guess all we want, but the company has alleged serious regular and securities frauds, and appears to have sued all the parties it thinks have had a hand in the fraud. Until the complaint is made available, its all speculation, and knowing right now isn't going to change anything. I think the "first" one to uncover "the" smoking gun is probably going to miss the point. This may be part of a much larger, systemic problem faced by other OTC companies - seems like these "players" routinely take advantage of companies on the OTC. Looks like Lorraine decided to do something about it.
I wouldn't doubt her doing a stock buy-back with some of that money. THAT would be a HOOT!
He is hiding behind ALPS. I would think he will hightail it to $4.00 once some of the $2's are taken.
I know the brokers request the shares on behalf of the clients. Brokers are the ones that process all of the paperwork with the transfer agent. So something must have been wrong. CEO did say it was unauthorized, but news also says fraud and securities 10(b)-5 fraud allegations as well. Thats pretty bad.
ACTUALLY up to $15,000,000 in damages because fraud in federal courts apply the "treble damages" theory. It depends what the company is seeking in its complaint. I guess we will all have to wait until the courts make the filing public. Not sure how long that takes.
One is an agent of Kodiak, the other an agent of the company. They all must have had a hand in the wrongdoing....or they wouldn't have been named in the suit. Guess bringing in the NYS Atty Gen, FINRA and the SEC, the (latter two regulates brokers and transfer agents), are being brought in for a good reason. Guess we wait to fins out what that is.
Guess lunch is over...LOL Maybe BMAK won't sell another share here until they pay out the $5M. Hope it was worth it.
If we buy now from BMAK does that mean we may get all of our money back? I think while they continue to sell shares, they are creating more liability for themselves. Foolish.
Wonder if the desk trader for BMAK saw the release, spit his coffee out of his mouth, and tripped over his chair on the way to his compliance officers office - only to find out they he is out to lunch.....LOL
BMAK still on the box? Guess their COMPLIANCE officer hasn't seen the news yet......
Oh SNAP!!!! BMAK being sued by RXSF for $5,000,000.00 !!!!!!!
Hopefully the trading desk will see the MAJOR LAWSUIT announcement.
Show us......because you shorters are all FOS
Notice who didn't post anything today. Very telling.
$1.00 SPREAD - thats called SHORTING at its BEST! TFN, YD ALL OF THEM intentionally try to cause panic, whether passive or blatant. They feed into, or are working through the MM's themselves. Riding their coattails. If you don't like it, PROVE otherwise. Someone doesn't want to see this company get funded - and their DAY mentality thinks they can have an impact on real investors. We will see, won't we.
You better quickly learn shorting 101. With all the news thats EXPECTED, especially funding, they are squeezing down the bid. All the ASKS through BMAK - NOT REAL. They are doing much more than making a market right now. The lack of buying will let them continue to do this, until......
I see you finally made the jump and bought some stock here. Nice pickup - 5 shares at $1.56
You left the word "DOWN" out of that
Because they will eventually choke on it....one way, or another. And I want to hold them down when they do! LOL
Tell us what you are implying? That the insider supportive shareholders will DUMP 10M shares in a pump and dump scheme on the 366th day? Is THAT what you are saying?
Far from it. What do you mean the CLOCK is ticking - what do YOU think will happen after 12 months?