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The Babysitter claims to own 1 share. Evidently his monetary gain in all of this comes from a different source.
Bottom Line: The OTCM does not like TXTM, and for good reason. They will continue to keep Dr. J/Dylon running around in circles mired in paperwork/legalese trying to get the CE lifted for some time to come until TXTM gives up and tries to jump to another exchange.
TXTM is a lifeless company that has its strings pulled by RSAMMD in it entirety. TXTM does nothing but sit and wait for the next seed donation.
A good week closes well. While the volume/price surge was short-lived, it was strong and without the PPS retracement that you normally see at the Friday close. I'll take a steady 75% gain over 3 days.
Just wait till material news reports replace social media expectations.
According to the babysitter, TXTM's business model is that of a seed bank. They don't need to sell any products or produce normalized revenues. They will simply use this collateral as a basis for growth going forward.
Word has it Dylon was in close communication with select shareholders on Discord for the purpose of manipulating The Message. The Babysitter of all people knows that. Evidently the OTC caught wind of this social media attempt at boiler room antics and the rest is continuing history (1/2 yrs and counting).
Speaking of a gap; that's what should happen at the open tomorrow. The amount of upside ask resistance appears to be minimal. No one should be taking profit quickly when ICNM has the potential to make a significant run.
Max, you summed it up in one sentence: "Regardless of that, we have no idea what OTCM is asking TXTM to provide in order to remove the CE". Nor will we ever, it would appear.
Latest generation hyping is fun to listen to. How long will it take for shareholders to get tired of supposedly growing assets by never selling anything?
"Just continue to hodl the seeds! (translation: another verbal scheme in place of real sales and revenues). Haven't you heard, its the future of TXTM!"
Don't forget the dried-up liquidity from having a single American brokerage firm handle public trading at inflated fees. Shareholders will get soon get tired of the verbal scheme of growing assets thru never selling anything.
"Oh, the seeds are too valuable to sell". Just hodl them forever!
As I have mentioned before, at this point in time I am not looking for a Greater Fool to take a losing position off my hands. I simply want Dr. J to stop avoiding us and answer the questions he has refused to acknowledge. I trust people are at least intelligent to know when they have been shafted.
"Don't you want to know?"
Then there are the lazy auditors who just regurgitate exactly what the company tells them to put down in the audit. Just going thru the motions. Like TXTM (?).
If I have a lot to learn, I certainly won't pick it up listening to this. And so far, TXTM hasn't found Any way to actually make money, let alone perpetually multiplying it.
You are referring to a group of dirt farmers in South Africa. For the near future, the majority of institutional tokenization will take place on closed, permissioned networks. Next time you look at the photos that Dr. J puts up on X, try and remember who we are dealing with.
You will never convince people you have a profitable company if you are never able to sell anything. It becomes a Paper Financial Scheme. At the very least, sell half the incoming seeds and continue to "seed bank" the other half each farmer crop rotation (if indeed there are any). And that will put to rest any notion that TXTM can't make Real Money (which it hasn't in almost 2 years).
"Why would you think seeds can't be monetized?" A better question would be: After several quarters of being on the books, why haven't the seeds been monetized yet, and when will some farmer's crop cycle allow them to be? Management should know exactly when this seed bank will start bringing in money; so why are the shareholders in the dark as usual?
Nothing will come of this.
The books show $15M in assets (unrealized profit that will stay that way) from seed donation. That is it. Stop the fantasy already.
At the moment I am concerned with the lack of the Kettle System usage, which supposedly why RSAMMD acquired TXTM in the first place. The so-called "proprietary technology" has no patent and is available to anyone, assuming of course that they want to use it.
Don't count on Cowboy Jim mentioning any of this in the near future either, as usual.
Upcoming involvement with IBM and its vast network will bring another level of exposure to ICNM.
I would feel more comfortable if there was verifiable evidence that "seed bank" transactions (from actual crop cycles) were really taking place between farmers and RSAMMD. Who are these farmers; details please.
As it stands its only the word of the "auditor" which just rubber stamps what Dr. J tells him. Time for RSAMMD to open its books a bit. Too much secrecy.
15M in debt free assets, yet shareholders are wary. Evidently people are smarter than you give them credit for and can see thru this Paper Scheme; which seems to exist only on a ledger.
Thanks for the update. I seem to see a lot of "Somehow" in the conversation when talking about TXTM. For some reason the TXTM management team wants to keep a lot of wiggle room in how they operate.
This is usually to the shareholder's detriment.
The whole idea of Dr J/Dylon covertly dealing with Shareholders (via Discord to quell dissent in the Ranks) is borderline Improper Promotion. If I were The Babysitter, I would be more careful next time. He should be smarter than letting himself get dragged into TXTM's mess like that. What is in it for him anyway (He claims to own 1 share)? Insert laughter emoji.
In other words, "somehow" you just don't know. I suppose it had nothing to do with Dylon over-promising asset purchases and sales revenues to shareholders multiple times (that never materialized), do you? Or maybe boiler room dealings with the "Trader God" types? Why no, of course not. Unfortunately Dr. J/ Dylon aren't talking on advice from their lawyers(?).
It is Management's job to keep shareholders informed of the CE updates, not the OTC.
You seem to get triggered easily over this secretive company. When is RSAMMD going to issue a formal statement (not The Babysitter's double-speak interpretation) describing why the CE was initiated? Again, not your opinion, but Management. Direct us to the actual statement.
Thanks in advance.
Apparently the company is secretive in many things, not just its organizational structure.
CE will never be lifted if RSAMMD continues to do business in this fashion. Only part of a hired legal team (like The Babysitter) can piece this mess together. There's a reason for that; and its not for the shareholder's benefit. Forcing the shareholders to constantly read between the lines is a deterrent against seeing what is really going on behind the scenes.
So far the Parent Company has misjudged the US market rather dramatically, wouldn't you say? Still waiting for an accomplishment to take place after 2 yrs.
So far the Parent Company has misjudged the US market rather dramatically, wouldn't you say?
Lets cut to the chase. What is it exactly that RSAMMD needs TXTM for? Not much apparently, judging by how little TXTM has contributed to either the Parent Company's bottom line or TXTM shareholder value.
When the material news releases line up with the social media expectations, it will take off and we won't be looking back. Now closer than ever; just progress is being made.
An unusual trade IMO. The 10,000,000 share trade was the last trade for ICNM a full 45 minutes ago. I guess no one knows what to make of it, and no one has followed up on the momentum afterward. Strange.
This company will have an upward explosion in PPS as soon as Alan Chow produces more concrete information in upcoming days to back up his enthusiasm. The writing is on the wall, yet few people are actually reading it. Amazing how it still stays in the trips.
The problem with management is lack of a stable business model for TXTM. Every little Pinky starts off by throwing numerous ideas against the wall to see what sticks and gains traction. Management is still in that phase, and little traction has occurred with either RSAMMD or TXTM.
What will The Great Idea be next month??
Apparently seed giveaways can't erase past indiscretions. Oh, well. There's always the SA Stock Exchange, providing Cowboy Jim can pull a few strings...
Nothing formal. I just make the rounds of various business sites and add My Opinions when necessary.
It sounds like the DRJ Babysitter "spokesman" (who claims to own 1 share) is borderline Improper Promotion, which is one of the primary reasons the CE was applied. The whole prior Dylon/Discord connection is what did us in (?).
Apparently updated 80's boiler room operations do not go over favorably with the OTC.
Most of the old posts from Dylon a year and a half ago have been (deliberately) taken down. Just no available dated tweets still around, and frankly I don't care. Thankfully the OTC/SEC are not stopped that easily. And he did say the first 2.3 M lbs was just the first of a continuous harvest cycle to directly benefit TXTM. Water under the dam at this point. Dylon was notorious for over promising results; which is why he has been muzzled (?).
Been there, done that. Basically its just a modernized version of an 80's boiler room operation. Instead of banks of telephones, there are memes/social media talking points. All BS designed to get the attention of crowds looking for quick money via the Pink Sheets.
"Never sell roses in a fish market".
You just don't get it. There are no paid bashers here, just disillusioned shareholders who have had enough of Management's tactics.
Which leaves me with the impression that the CE is never coming off....