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.
Thank you Jag, but I feel that it’s loosely given to interpretation, which is why I said it could be indefinitely. The wording of the documents uses broad strokes which are easy for Armen to stretch. ‘Period of time surrounding the filing’, ‘when the company decides’, and of course, ‘minimum’. There is no indication as to when the timeline for completion given. Which is why it’s easy for us to circle the drain here, indefinitely. Again, thank you for the docs.
Indefinitely. It’s self -imposed on ‘advice of Legal’. I think many of us, as some suspected, are starting to realize it was all bullshlt.
Truth
Watching this board for awhile, it seems we collectively put in about 1m usd across price points.
Monday morning quarterbacking here, seems like the best way to invest in prominent OTCs is to pool resources and buy the converts ourselves. Convert them when the price dips from ‘normal’ market activity, and sit on the shares while the business develops. Ease some out when it runs.
Better than scaling 10% as the note holder does, and much better than the 30% hit some people here have taken.
Do you happen to have a link as to where we can find outstanding notes? I tried going through the filings, but couldn’t determine what was already unwound.
That was volume. Not a small lot.
I was just fantasizing about this going up to a 500m market cap. Let’s go~
Thank you. I was part of the Telegram purge that happened last year. I wasn’t even negative. I suggested a more efficient way to unwind the convertibles into the market without killing the price, and both sides could make out more profitably. Didn’t even get a response, just banned.
Has he ever said anything meaningful on telegram? It’s seems like all he, and previously Armen, do is talk about a quiet period. If I remember correctly, someone here got worked up because they changed their Telegram icon, and thought it would tie into a National rebranding effort last month.
I’m not trying to take the piss. It just seems like Telegram is another way Management is dangling carrots in front of the shareholders. The one’s that have been here since the 000s.
True. That’s what so perplexing. If there are ‘deep pockets’ that some here claim, it’s better to just buy the cb tranches in blocks, fully convert, and sit on the shares. They’d even catch the tail ends on the price. The money released from conversions directly impacts the balance sheet, and expands the growth. The daily grind of sales and Armen’s lip service is what seems to kill it.
Of course he doesn’t. The stunning thing is his inability to truly capitalize on this bull run. I don’t see how he could be happy chasing pennies, when there are so many other OTC names that have not only converts, but NO remarkable revenue, that are able to be valued in upwards of 100s of millions of $.
Thanks MrMike. Fidelity is later in the month. This lack of Edgar filing is perplexing. If we are current, audited,… why not just do it? Armen is really missing out on this generational bull run with his nonsense.
Does anyone think this new OTC ‘Pink- No Information’ will finally get Armen off his a$$ and start filings? We don’t even have a bid as it is, how does he expect to get the converts unwound after Sep 25th? No one will touch it.
Seriously, they’re idiots. They don’t know how to work an order. It is a complete mess.
It will start kicking when it changes ticker to $MULN mid month. Some people are concerned about the new shares in the proxy, but they are not considering the value of Mullen. So it’s a wash. This will move when people see it as the new EV play, not a $nete trade.
Hey Oleg, we all just need to look at $nete to see what a shlt show rxmd management is. Nete Element had their proxy reverse merger with Mullen yesterday, and results still aren’t out…. Yet, some of you think that Firer assuming any role outside of his current one at rxmd will be value-added to the shareholders?
I think the writing is on the wall. I believe In the company, but management is a shlt show. I’d rather this turn into a meme stock, then hear this ‘1b in 5 years’ nonsense. If they are going to make things up for hype, go big or go home… WSB~
I think the ridiculous part, outside of us all still holding this pos despite our common sense, actually, lack of… that Armen is not able to harness the power of social media to light this thing on FIRE. Hell, AMC can catch it, even $SHMP!!!! How can he not shill this company to really work the price up~~~
I don’t think they need to be SEC compliant while they remain in the OTC realm. But that circles back to the ‘quiet period’, years worth of uplist hype, and other nonsense. The exchanges aren’t regulated, which is why they thrive for the death spirals (convertible bonds).
At this point, I wondering if it’s more about liability, than gaining further capital market access.
Hate to speculate, but if they file to the SEC, and if some of those numbers weren’t above board, wouldn’t that open them to fraud charges? I’m not saying that’s what it is, but they can only dangle that carrot for so long without it being questioned.
That’s what I thought~
The $nete Mullen deal reports the proxy today at 10a CST, 11am in NY. Let’s see if there is a rxmd reaction.
Come November’s CC, it will be incredibly difficult for Armen’s winks and nods to maintain a bid.
A highlight from today, the T trade was executed above yesterday’s close, and up over 3.2% from today’s low. I don’t have historic data, but I believe all the recent T trades have been done below the daily lows.
Fair enough. I’ll leave it to others that completely endorse the wording. Appreciate your contribution
Thanks. I will be trimming it down a bit. Leaving out the 1b in 5 years. Don’t want anyone thinking this is a joke stock…
Maybe throw this up on Stocktwits, Fin Twitter?
That wouldn’t need to be something that needs to be reported to the SEC though; does it? Companies change bankers all the time.
Armen- this sell-off is a direct result of your and Jay`s remarkably idiotic `5 Years for 1 Billion in Revenue` nonsense.
Yes, what is your expected 5 year revenue plan….
Where did you sell it at?
A nice kick in the teeth for those of you who remember the old $shmp comparison… it’s up 25% today with a 133m market cap.
I think the main point is that whenever we hear something that sounds like progress, it then gets offset by a perceived shenanigan.
In this release, we had solid numbers, that are slowly improving. We still have 50m annual as a possibility. But then to throw in this ‘5 years, 1 Billion’…. It should make even the most vocal supporter stop for a moment and think about it.
Armen has a history of dangling things. Regardless of the S-1, he’s baited many of the people here with the ‘quiet period’…, it’s been a year.
Of course things take time. Most of us realize this. That’s why a 5 year soundbite from an interim CEO, in a company with these types of managers, seems suspect.
If they left that part out, I wouldn’t be as skeptical. I liked the numbers, just not the nonsense that followed.
I’m waiting on a ‘10 year plan’ before I add
An interim CEO making ‘5 Year Targets’ is just ridiculous. Armen should have kept everyone’s mouth shut, and let the numbers speak for themselves. It’s this bullshlt that makes people weary of buying, and holding, this stock. Idiot never learns.
5 years…
Would be nice if they followed up the call with some Edgar filings.
Not before end of year. The vote got pulled a few months ago. I believe they would need to go through the process again.
Thanks. Armen’s bs to follow….
A man can dream. It was nice while it lasted.