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That's kinda exactly what I said haha, they voted to have it in the back pocket though it wasn't implemented.
54 ads across 18 months, is about $200K, they already mentioned they diluted 20x that to pay 4 million off the note in the 8k. So not a bad investment.
I’m pretty sure it did say they voted for 3 RS, it just basically hasn’t been implemented, and if you look at their timing it makes sense, they did it when the OS was 169 mil and they still had majority, now that it’s well over 200 mil they wouldn’t be able to, so whether they do it or not it’s in their back pocket, they just need to give notice and file.
That would be the dilution warchest was talking about, cdel been reloading 100k blocks at the ask for a week now, if they just let it breathe for a day we would easily be over .02
Bmak knocked off again, back at .0174, looks like she’s gettin ready to run
Bmak bidding...
Not worried about those 2 they mostly retail here, cdel and bmak are the ones to watch for and they both back on the ask unfortunately
Only took about 100k to knock bmak back, this might move today
No t-trade today?
A penny or more close will make the chart look better but definitely some dilution still going on.
Hopefully .0084 will double bottom but with the constant dilution it’s hard to tell if that will happen, all the buy volume is being absorbed at the ask then impatient longs sell into the bid after no movement. Like I said before we all waiting for dilution to end and pr, until then this thing gonna be red everyday. They have only converted 5 million shares roughly over the last 4 days. That’s nothing. Still a long long way to go.
Price action, octqb play nearing .01 after going down for a while, small pop got some momo behind it followed by note conversions which crushed it and continue to
Well the pumpers seem to be missing from that equation, and cdel wasn’t reloading 100ks on the ask during that run
This will continue to drop until PR, no PR today so red it is
Another 800k in t-trade today, brings the total to about 4 million over the last 3 days, doing a decent job resisting the subpenny world and not burying price by conversions, expecting a name change soon and a pr about the integration of other business to add to their new Bantek Inc. umbrella
Did he happen to also mention when the Nigerian Prince is sending my $10 million? I believe it when I see it
They are not converting 100k a day but the rest of the math is right in principle though I haven't yet verified all of the numbers. They do have 2 notes which will be due very soon.
The Company has an $840,000 convertible note payable (“Note 1”) to a related party entity controlled by the Company’s CEO. Note 1 bears interest at an annual rate of 7% with an original maturity date of June 11, 2017 that was extended to June 11, 2018, at which time all unpaid principal and interest is due. The holder of Note 1 has the option to convert the outstanding principal and accrued interest, in whole or in part, into shares of common stock at a conversion price equal to the volume weighted average price per share of common stock for the 30-day period prior to conversion. As of March 31, 2018 and September 30, 2017, Note 1 has not been converted and the balance of the note was $688,444 and $688,444, and accrued interest was $101,806 and $77,776, respectively. This note is considered a stock settled debt in accordance with ASC 480 and the fixed monetary amount is equal to the principal amount based on the conversion formula.
The Company has a convertible note payable (“Note 2”) with the Company’s CEO. Note 2 bears interest at an annual rate of 7% with a maturity date of December 31, 2017, at which time all unpaid principal and interest was due. On December 15, 2017, the due date of Note 2 was extended to July 2, 2018. The holder of Note 2 has the option to convert the outstanding principal and accrued interest, in whole or in part, into shares of common stock at a conversion price equal to the volume weighted average price per share of common stock for the 30-day period prior to conversion. During the six months ended March 31, 2018, the Company borrowed $500 and repaid $90,000 on this note. As of March 31, 2018 and September 30, 2017, Note 2 has not been converted and the balance was $32,500 and $122,000, and accrued interest was $12,744 and $10,707, respectively. This note is considered a stock settled debt in accordance with ASC 480 and the fixed monetary amount is equal to the principal amount based on the conversion formula.
It's probably notes being paid off, they still have I think $6 mil or so in debt, the number from yesterday was 1.8 mil shares, the $ total between the two days is roughly around $40K
another 1.2 mil T-trade...the dilution continues
The only positive thing here is that the CEO bought 110,000 shares back on May 18th at the high 2's and owns 37 mil in total. Name change coming soon...hopefully other good news comes with it.
As good as it looks someone doing a great job of walking this down, mms keep jumping each other all the way down without significant volume this will surely close red, could just be the lunch time shake n bake
Simply put it’s wrong, the float is higher, at least 5 mil higher after recent dilution. The bigger problem is 56 mil OS to a now ballooned 1.5 billion AS. That’s a lot of room for dilution
Both https://www.otcmarkets.com/stock/DRUS/security
AS: 200 mil to 1.5 bill
OS: 51 mil to 56 mil
If this is part of the original plan for AS increase due to expansion of their markets then it should be accompanied with the name change they described in their letter back in April to Bantek Inc.
This thing is dead as a door nail, nice bull trap set up and what happens? The AS goes from 200 mill to 1.5 billion followed by dilution. Only thing that saves this is if they release a PR stating the increase in AS was for acquisitions AND they acquired something.
The offering in December only sold 17.5 million shares of the 1 billion offered at .0008. No notes on the last two offerings in April and May though.
https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=W115TX2WPrJxa%252buU%252fXDh0A%253d%253d&CorpName=CLIKIA+CORP.
Still shows 750 mil A/S as most recent amendment, but the offering says 3.45 bill A/S?
I haven’t read anything pertaining to restriction of the stock once sold and acquired. But I suppose the sliver lining here is that this isn’t the first billion share offering they have done. They did one in April and one in early May also for 1.25 billion each. And the good news (and bad news) is that despite both offerings the OS has only increased roughly 200 mil since December 31, 2017. And all of that increase happened before the first of 3 offerings over the last month and no shares appear to have been diluted during the last month.
I get that portion, just don’t get the whole cloak and dagger, if your going to dilute then why not just do it from your 3.5 billion AS, why reduce then increase a week apart from one another?
Kind of confusing overall, what was the point in decreasing the A/S from 3.5 billion to 750 million, only to do a 1.25 billion share offering a week later?
For what it’s worth despite the increase in A/S from 5.4 billion to 10.5 billion from September 30 to Dec 31 respectively, the OS was unchanged in that 3 month period (2.4 billion). Still puzzled about the AS change all in all as I can’t find any filings (pre-14c, 8k, etc.) posting it, it just magically increased in the annual report. But I think we can pretty much eliminate the possibility of RS anytime soon considering if they are gonna dilute they still have plenty of room and if they wanted to rinse and repeat they surely are doing it slowly since last RS was in 2015. Just my opinion,
Here’s the thing with the 8k, why put out a fluff pr like this that basically says the “real” news is literally due tomorrow or Monday?
What happened to unchanged or green close? lol your crystal ball needs servicing
Bring on the shake, 10+ mil bid disappears and price sinks to trips
It’s a prop bid just like it was yesterday and like it was this morning when 15 mil bid magically disappeared with a 3 mil sell, that game is old and tired and likely the reason this can’t get the traction it needs cuz everyone avoids prop bids
Not that I can tell but if mods could sticky the post with the link that would be great
Dec 31 for android
Since original pr states Apple by November 1 and it was true, I would assume pr was also accurate when it stated that Android would be before dec 31
I can’t send screenshots but the program starts with options to load your darkwallet or open a new one, then it goes through the setup process, haven’t proceeded much beyond that point to understand the user interface
Yes it works, it’s amazing the release couldn’t muster more than $500 worth of trading, especially with L2 being so thin. There’s a hair over 100k shares between here and .03