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what does this mean??? COWI OTCQB
We are authorized to issue 3,000,000,000 shares of Common stock, $0.0001 par value. As of the date of this registration statement, we had 623,071,603 Common Shares issued and outstanding
Where does it state that they signed a contract with a university
There is no mention of any $$$ the company stands to get
LOL, look at the bid now, going to .0001
They've tripled the OS shares in 2 months, not counting the 50 million they'll issue to pay their employees (50 million at .0005 = 25K)
So they'll be back to the well in no time to pay again
Then of course you have the debtholders converting at below market and selling at market
The printing press is working overtime
I'd say that's not a good thing
Case claed???
where did you learn how to spell
dude, you're contradicting yourself
first you said you sold it
then you say you will sell it
well, what's the real story
why do you think the company is selling shares
did i say this was a good long term investment - i think not
such a moving story
but if you're in cowi for the long haul then you're not thinking very well
have you looked at the filings??
do you realize they have no cash and don't generate any??
this is at best a flip, certainly not a long term investment
just sayin
between the debt holders being able to convert at prices up to 50%below market and employees/vendors being paid in shares you can count on serious dilution/increase in OS shares when they file the next 10K
The debt holders must have converted a boatload of debt when this ran up last week then sold, they're the ones who made a real killing in this scam
I'm hoping its a bancruptcy filing, lol
Burn Baby Burn
LMAO
Id buy more here, If you liked it at .0040 you've gotta love it at .0017
ill cover when it goes to .0004
probably around lunch time LMAO
come on people whack that bid
cut your losses
shorts have taken over - abandon ship
next stop .0001 then time to buy again
yeah, if you shorted it
like what - the winning powerball ticket
seriously, what do they have that would make them a takeover target
intellectual property - don't think so
patents - not
a lot of liabilities - for sure
has anyone on this site even bothered to look at the filings
why would anyone want to buyout this company??
what do they have besides a huge amount of debt - $5million in accounts payable alone
would you want to take that on
how are they going to get funds, they're not selling shares into the market
if you read the filings you'd realize that it's the debtholders who are converting their debt into stock and selling it - the proceeds go to the debtholders, not the company
read the latest 10Q
debtholders are able to buy stock at prices as low as 50% of the previous X number of days average price
you think that maybe some of them might have converted and sold into this pump
the share structure has changed dramatically during these last few days
as far as being in the top 50 robotics companies, how many are there - 51 maybe
this is a company that does some consulting work for microsoft on a contrat basis, BFD
their robots are toys at best, not something that's ever going to be earth shattering
the news coming out next week may just be that they're filing for bancruptcy
they certainly didn't have $400k to pay for this promotion
Hmmm, wonder if i should cover my short at .0060
Nah, i'll wait til it goes to triple zero again, won't be long
LMAO
Quote:
They probably made about 25% of all the money spent today which puts them at around $175,000 of something that "apparently" cost them $400,000.......
Simple mathematics and logic says they still need another $125,000 just to break even - multi day runner and I bet they have a plan to pull it off already!
UMMM - i think that $125,000 + 175,000 = $300,000
so they'd be short $100,000
Not sure i understand who paid this alleged $400,000 - surely not the company itself
Pls explain
can't go lower, LOL
must be payday for the employees, lol
so they've only issued 75 million shares since 11/16/12
That's great
you mean you did a COWI and came back and your broke
LOL
and for all you yahoos who bought at 4, 5, 6 - if you liked it there you've got to love it at these levels
keep buying more
LMAO - good one
with that trade they can take the bus back to kirkland
i hope it pops so i can short it again
Really, it's going to .002 on news??
Why? What kind of news is going to move it?
They announce that revenues are up compared to a down quarter - BFD
They're going to a "conference" - BFD
The company is starved for cash - they keep increasing their debt level quarter after quarter (they've never generated cash from operations and will not do so in the forseeable future)
If this were ever to move up the debt holders would be redeeming shares or employees/vendors would be selling shares they received in lieu of salary/payment
Have you read any of the filings to see how much potential dilution there is on this??
it's not going to hit .02 without a RS and i would hope you realize that the company has complete control over any splits whereas they own the majority of the stock and therefore don't need shareholder approval for anything
you will see .02 after the next RS
Yeah, that's great news
Just like the last time they posted news about revenues except that time they said there was going to be a 40% increase and they actually reported a 24% decline
OK time for a follow up on this post per the 10Q filed today:
Company issued 193 million shares in the prior quarter
They talk about cost cutting measures, let's take a closer look at the results
Cost of sales increased from 75% to 80% of revenues
G&A went down $4952 but increased as a % of revenue from 47% to 80%
Sales and marketing expense decereased $11.5K but increased as % of sales from 17.6% to 25.5%
Guess the company is still blowing smoke up your butt
Quote from 10Q
Operating expenses were $250,181 during the 2012 Period compared to $274,784 during the 2011 Period. General and Administration expenses were reduced by 2.7% to $177,636 in the 2012 Period compared to $182,588 for the 2011 Period as the Company continued to reduce its executive compensation and public company expenses. Sales and marketing expenses were reduced by 16.8% to $57,236 in the 2012 Period compared to $68,824 for the 2011 Period as the Company further refined sales compensation plans to bring them in line with the Company’s cost of sales objectives.
Yeah, but Lloyd if you were a competent CEO you might realize that decreasing you costs is good, unless they increase as a % of your revenue. Guess it's a good thing their revenue didn't increase (sarcasam)
shorted it several times in the past, last at .02 after the RS, still waiting to cover
so lots of money, would never go long on this POS
They've issued 155 million shares since August
I would bet then when you said this they were selling shares
Get a clue
Quote: Company is not currently selling shares
cowi just filed S8 to issue 50 million additional shares to employees
has issued 153 million shares since last 10Q filed in August
can you say "DILUTION"
LMAO
what's your next prediciton
LOL
get in now before the next RS
yeah, that must be it
it's a conspiracy
stay away
LMAO