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What clock? What happens after 12 months? Please tell us.
Outstanding dilution? How about a 10-fold increase in market cap with NO effect on current float for more than a YEAR? So NO PUBLIC TRADABLE SHARE DILUTION based on the conversion of Preferred's - NONE!
Dilution? What are you even talking about. There is technical - non-effective- dilution. Doesn't affect any current float shareholder and won't for over a year. But you know that, don't you. They protected all shareholders by giving the company a real chance of raising real capital. Market cap....$23M now. So whats your beef - there was NO OTHER WAY to do that without actual immediate float dilution. Period.They only increased the outstanding shares, not the float.
When you say something like "they did it to protect themselves" you mislead this board, especially since the CEO told shareholders what the reverse split was for. and how it would be used in the future.
Frick and Frack. You've done enough damage for the day. Go away.
Again. Nothing but wrong assumptions.
I think the company provides too much detail. Maybe it will go silent for a while. Hopefully.
We will see
Disclosures Cleary reveal that there are 10 Series B preferred holders. Only 5 board members. They didn't have to agree to the one year lock up. And certainly the other 5 non directors didn't have to go along with it. But guess you needed this to be spelled out for you here. Amazing how you can read into things and not discuss the actually obvious. As much as YOU may not like that, those are the facts. They all agreed to the 12 month lock up. It seems to have been negotiated. Not rubber stamped. So stop misleading board members with your conspiracy theories.
It's obvious to everyone except you that INSIDERS are loyal and are doing what's necessary to properly capitalize the company to attract financing. Exactly what the CEO said. To attract financing. Not to screw shareholders through dilution, as much as you want to read it and make other people think that. 12 month lock up on all new shares. Show me another OTC company that has done that.
Yes. Even repeating that public information, you are the only one that believes that.
Oh NO! An exploding float in a year from now. OMG. Run. Fortunately this company has been way ahead of you rocket scientists.
The clock is a 12 month clock then further subject to rule 144 AFTER that year. Again, taking something positive and spinning it negative.
Correct and there are legal and illegal ways of doing it. Greed takes many forms. Most people are fooled into believing comments have no actionable consequences. Rest assured, here they will.
Right. Knowing whether you are or are not a shareholder will be very telling with regard to your motives. I have already cautioned you about the tone and substantabces of your posts yet you think you have carte Blanche. I am sure almost everyone here would like to confirm whether you are a shareholder and your refusal to prove it is all too telling. Obviously you are not. So yeverything you say should be ignored.
Tell you what. pM me your initials and I will find out from the company if you really are a shareholder. If you refuse, then you being here is just more BS from a wanna be day trader.
I've seen a lot of your ilk on these boards and you come and you go. Either paid player or want to hurt actual shareholders. Or you actually get involved in manipulation by casting doubt. These tactics take many different forms and you are just as guilty of that conduct, if not worse. I would keep an eye out for signs on how the company deals with people who wrongfully cross the company.
K - have to be a shareholder to make that. Neither TFN or YD are shareholders. Nothing to lose by bashing except other people's money. Worse than most OTC CEO's.
Yup. Hokie is absolutely right. The charts mean nothing with this stock. Can't be relied on.
I heard its ALL week!
Yup, its bad a downtrend, I am SURE thanks to you and your cohort. But you will soon be gone, and then, good riddance. Oowwwww....expanding the float......such a bad thing with only 320K shares in the float - you got to be kidding us......LOL
What does THAT have to do with your conjecture that insiders are selling? Again, guessing insiders are selling = painting another negative.
Probably some day guys who see your relentless negatively-toned queries.
You are right, its NOT your field, nor do you have any clue what is going on. Just got off the phone with Lorraine. NO insider sales at all. No Form 144 forms filed. No Form 4's filed, nothing. Rule 144 Form must be filed BEFORE insiders sell anyway. So, keep guessing. Probably IHUBBERS who read into all of your posts, decided YOU were right, and got out. Thats MY guess.
Obviously a paid pumper.
Thanx. Management has no retail biometrics experience. Its bread and butter was the biometric software to government agencies. They developed a product without first test marketing it and running analysis, because had they done that, they would see that PDA biometric wireless payment adoption already existed, and everyone carries a biometric PDA around (well almost everyone). But they needed a new story, and they spent a lot of money without ant retail experience, in developing this Wocket, and when it didn't sell.....THATS RIGHT....it didn't sell, they looked for a way to offload them, so hence the WorldVentures group, which is nothing but what appears to be a little more sophisticated MLM scene a la AMWAY. Take a look at the date of their last "convention" which absolutely coincides with the huge climb to $1.40. Sure, if you whisper to 20,000 plus zombie members about the deal in which you get huge warrants and a LOT of the "investment" back from your investment, you really need to take the blinders off. In a sense it was brilliant to do a deal with a MLM firm, but on the other hand, its short lived. They would have been better going to AARP and tying the Wocket into AARP discounts. Much larger and more loyal membership. But this management team has no clue, other than being former government heads......which explains a lot.
This is a flip stock. It will eventually lose its NASDAQ listing unless it dilutes the crap out of all of you. Its diluted the shareholder base incredibly already to "announce" a $2M deal, of which, they give 75% back. Its technology as a consumer product is about 10 years past what it should be. Companies like ZWIPE will corner this market faster than this company ever will. Mad? No. I've been around biometrics for YEARS, and the WorldVentures BS will catch most of you day guys napping, while Gino and WoldVentures make the $$$$. You'll see.
Who the hell would pay $3.28 a share when this company, its technology and its product is a complete bust, but for the new MLM marketing stock pump scam trading at $0.70/sh.
I'm not going to debate you on these details, but mark my words, I think you are very wrong. I'll leave it at that for now.
Its ignorant to not understand what this companies model and trajectory path is. They have no real investment audience yet. You don't count. Not even a shareholder. Just another pid promoter or basher.
The more and more you miss the point on how this company is designed to grow, the more you keep it a penny type mentality. Sales will NOT, let me repeat, will NOT bring in any new meaningful investors or create any new meaningful interest at this level. It will do nothing but allow the day guys to flip and flip and create too may huge swings in stock price. BIG MONEY investment will though, because then everyone will wonder "why" did the company get so much money from reputable Wall Street bankers, and it will also address longevity, shareholder equity, retire convertible notes, etc.... And that "why" will trump any analysis you can come up with. Sales right now is really meaningless. You may disagree, and you are entitled to that, but there are many OTC companies trading below .03 that have millions in revenues and are cash flow positive with great EBIDTA. RXMD as an example. Its a losing mentality because all you are doing is waiting for a sales report to trade on. Thats the ONLY reason. You have no intention on being long in this stock, so stop playing your stupid games already. I know the company is concentrating on sales right now, but they aren't in any rush until properly funded. Thats the message I get from disclosures and releases.
Means nothing. As CEO stated, company was creating a foundation in 2015, for revenues and sales in 2016. Or do you choose to not recognize what she says. Thats typical.
What a dufuss. Its not a typical OTC IR firm. Its a legit NASDAQ/NYSE healthcare IR firm with major connections on Wall Street. They don't "hype" the stock to trade daily. Get off it already.
Give it time, they will try.
So the company has set up distribution for its consumer RxDrugsafe product through CVS, it has targeted 4 multi-billion dollar infusion pump OEM's (Hospira, Baxter, CareFusion and Smiths Medical) for its SafeDose product, is talking with a major pharmaceutical company that makes pain medications about its MyDose product, and now, has a product that is designed to be used to securely transmit medical records between healthcare providers intended to be issued to patients by major health systems.
Guess the CEO was right, 2016, year of revenues.
Actually, he can't point to anything the CEO said that DIDN'T happen, and thats where he loses ALL credibility. Always forward looking doom and gloom. He is the wrong audience for the company to try to prove anything to. The CEO was VERY CLEAR, 2015 was a building year, and 2016 is the year they focus on revenues. Nothings changed other than no instant gratification, so he reaches back to continue to paint his picture of doom and gloom.
The problem is that he is fixated on discrediting those that try to extrapolate off of company news in a positive direction and he has taken the burden upon himself to act as the policeman of this board. Only trouble is, everything he points to is discredited over time. When you make a false accusation, you get sued, when police do it, they lose their jobs.
Another irresponsible statement from you. Home Depot discontinued another company's product? Only a manufacturer can "discontinue" a product. So any tidbit of information that can be negatively construed, you grasp onto and make statements as 1) its the truth, and 2) your statements assume you know all the facts. So, your statement clearly implies 1) that there is something wrong with that product since HOME DEPOT "discontinued" it, and 2) RXSF will not derive any revenues from that company based on that product. Give it a rest already.
Actually, if it were with Apple, THEN people would know about this company. Wait for their meetings in NY. The company refused to take the Enterprise out of space dock until the mission got the all clear....and of course, its starts with impulse power before you can hit warp 9. Already beamed YD and TFN off the ship and are now playing with Oplithian Slugs on the planet Dingy. They probably already joining the Kilingons, ....Akkk Tarr....my friends.
Pay no attention to the man behind the curtain. The diatribe is the same no matter what board they engage. That says a lot. I gave it a chance, but its too jaded.
Its simple. There is not enough volume. 6,000 shares is not a lot of volume. If it were 30,000 shares, or 10% of the float, thats adequate volume to move it up. The small volume right now is a haven for flippers and shorters. Look at NITE right now. Playing for .25 cents a share. Sitting high and low on both sides. Thats not a real market, but thats what MM's do. When this had volume in Dec and early Jan, they got out of the way. And forget about what you know about charts. This company doesn't trade according to charts. You can't use charts in this stock as any tell-tale barometer. No form 4's, no 144 Notices, no insiders selling, nothing other than a 50K+ share series of improper sales based on unauthorized conversions.
No one knows about this stock except a few dozen day traders. And there's your answer for the negativity - that the stock doesn't move every single day, or that X is suppose to happen because of Y. The company can put out a revenues report of $10M tomorrow, and it will still trade the way its been trading. Why? Because no one knows about this company. I have a feeling that may change soon based on the prior releases and tweets.
Too busy selling 2 shares at $2.16 ea. May be splitting that with TFN
It will never be enough. Funny how neither owns shares. These guys are the ones screaming for the company to make a right turn, yelling, screaming, even trying to grab the wheel, so when the company makes a right turn, they say....."you shouldn't have gone that way", LMAO