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15 million in Buy Volume with another 43 million shares in Selling Volume. I have to think the MM are picking up all these threes in prep for future news on product announcements.
I just got on the board this morning. Has CDEL been in control all morning? I thought I'd see the V-twins controlling the buying and selling today.
Seems to be a huge Buy demand with 35 million shares bid at .0003. Suggests to me peeps want to reset here and hope for another run on Q2 news and reports.
AIMO,
Interesting explanation WeedMaster. Thanks for bringing this to our attention.
I didn't say that. What I said is that is a snapshot at one point in time. They are continuously getting new revenues in from their advertisements. You can't look at the cash number and really know if it's a concerning factor or not.
The bottom line is this company has still not achieved profitability. Until it does, they will continue to bleed cash, and need to find yet more convertible debt. Sucks for us longs... but, I see no reason to panic and sell.
AIMO,
Probably. WeedMaster seems to think so. Here's what I researched and found after the post you are responding to.
It appears to me the company had to account for their convertible debt in real dollars and cents... which they had done before... but they are saying the increase in share price at the end of the reporting period (i.e. balance sheet date ) inflated the value of their Derivative Liabilities. But, not said, is they also have a lot more convertible debt on the books.
I did some research on Derivative Liabilities, and this is what I found:
Well, you know that's not quite true. First, they are continuously earning new revenues through their Ad earnings. They likely had new cash in the bank right after the reporting period ended.
Plus, this 10-Q goes back to November 30, 2014... so if they needed additional cash, that issue was resolved long ago, but the nature of that resolution won't show up until the next 10-Q.
From the latest STTK 10-Q, listed as a CURRENT LIABILITY
Didn't see this coming. It sounds like, though I need more time to read through this, that STTK is in affect writing down all their future convertible debts as current debt obligations. (Does that even make sense?)
Well said!
Might as well move along... nothing to see or do here until the 10-Q is released.
AIMO,
An unlimited A/S and an R/S don't go together. It's one or the other.
I suspect, though it's only a guess, the 8K was either fake or a head fake. Or, it simply could be what it says... a pre-release as a "heads-up" while they figure out how many more shares they will need to pay off their debts. Time will tell.
But, I'd surely prefer to see the A/S increase than a reverse split... no?
That's easy... they needed capital. Because real companies need capital to pay for developers, computing systems, internet access, marketing funds, sale costs, etc. They were a startup, and they ended up securing initial financing from companies that didn't necessarily have their best interests in mind.
But, I believe they are working on a strategy to overcome those past mistakes. We'll see over the next Q2 or two.
Scammers don't accomplish this...
Funny... Scammers take short cuts. They don't take the time and effort to build, market and sell real products. Scammers don't earn millions in product revenues, demonstrate quarter over quarter improvements, or have Tier-one level advertisers use their mobile platforms.
Refreshing for an OTC company, which is why I guess so many can't recognize a company that's actually well managed and well run.
STK Long....
I've communicated with CEO Hill on a number of occasions. Did you leave a message for him to call you back?
It looks all the weak hands played into the strong hands yesterday... Noting much left to say or do until we see the next (Q1) 10-Q or some other PR.
AIMO...
Maybe... but, if they do, they are still going to sell at whatever the current market price is. I'm waiting on the 10-Q, as my guess is Q1 results will be even better than the results released in the 10-K, and will almost certainly shown an improvement over last year's Q1 10-Q. The only question in my mind is, how much of an improvement will we see.
To be precise... out of 107,279,095 shares traded today, only 4,250,000 shares traded at .0003. (~4%) Everything else traded higher.
How do you explain 54.6 million in buy orders today? (Against 49.9 million in selling orders)
You're welcome LYN.
Yes, I just corrected that... I accidently grabbed the worng filing. Here is the correction:
STTK Management filed the 10-Q for last year's Q1 on January 21st.
Form 10-Q for STREAMTRACK, INC. 21-Jan-2014 Quarterly Report
STTK Management filed the 10-Q for last year's Q1 on January 21st.
Form 10-Q for STREAMTRACK, INC. 21-Jan-2014 Quarterly Report
Risky... as there is no way to know the MM don't have a pile more .0005s hidden from view.
I would love to see that. Bye Bye Shorts!
You called it... Spot on!
I think this pre-14a, if it's even a real filing, was all a set up for someone wanting to buy a crap load of shares on the cheap before the 10-Q is released! The loading going on this afternoon pretty much proves it.
Dry, why would the company go to the problem of building and launching new RadioLoyalty apps for Android and Apple phones - which many of us on this board use, sign up more than 5000 radio stations to provide content, find and attract advertisers who have been paying for display and audio Ads on RadioLoyalty content, and also complete all the detailed quarterly and annual filings... if this were nothing but a scam?
Makes no sense to me.
Admiral, I took the weekend off. Here's the reminder. Thanks,
How can you tell it was done on Hill's computer?
Absolutely Shameful that someone would put out a fake "Preliminary Proxy". I called BS right off the bat, as it didn't seem right to me from the start.
I hope the company and SRFF can track down the perpetrators of this hoax and submit legal charges against them.
As I think this thing through, one thing this action does is pretty much make the statement that the company needs to add shares to the AS, but they do not plan to do a reverse split. Given these two alternatives, an increasing AS is more palatable than a reverse split.
AIMO,
I'm not so sure.
But, it doesn't really matter. Neither you or I can change whatever happens.
Nice!
Well, I'm waiting to hear the rest of the story. Really, I have no choice. We'll see what the next 10-Q has to say.
For now, I'm calling BS on this so-called Preliminary Proxy. There are no dates or names filled in. No signature. And, has anyone ever heard of a company asking for, let alone getting, shareholder approval to increase the AS to an unspecified, "unlimited" number?
AIMO... but what do I know
What do you call this? Sure looks like an SEC Form to me... and just because the form isn't looked at by a regulating agency, doesn't mean the company's management can't be charged with Fraud if the statements aren't true.
There is only one OS that can be reported... which consists of an aggregate accounting of both current Float (Publicly Traded Shares) and current Restricted Shares. I know of no way to determine the percentage of Float verses Restricted Shares in the OS.
Yes, that's true.
Shares offered under Private Placement are typically granted as Restricted Shares. Restricted Shares are included in the OS, but not the Float. The OS is comprised of both Float (Publicly Traded Shares) and Restricted Shares. But, Restricted Shares do not hit the Float until released under the terms of Rule 144.
The answer is Yes.
To answer your question, here are the relevant considerations and definitions:
Authorized Shares (AS) - The total number of shares approved to be sold under the Company's Charter. Typically, only a shareholder vote can change the AS, unless provisions in the Charter allow other methods.
Outstanding Stares (OS) - The total number of shares the company has issued, comprised of Float and Restricted Shares.
Float - Outstanding shares that are Publicly Traded
Restricted Shares - Shares held by company employees or from private placement.
The term "private placement" as used in this text refers to the offer and sale of any security by a brokerage firm not involving a public offering. Private offerings are not the subject of a registration statement filed with the SEC under the 1933 Act. Private placements are done in reliance upon Sections 3(b) or 4(2) of the 1933 Act as construed or under Regulation D as promulgated by the SEC, or both. Regulation D, promulgated in 1982, sets forth certain guidelines for compliance with the Private Offering Exemption.
Rule 144: Selling Restricted and Control Securities governs selling restrictions placed on Private Placements. From the SEC's website: "Restricted securities are securities acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer. Investors typically receive restricted securities through private placement offerings, Regulation D offerings, employee stock benefit plans, as compensation for professional services, or in exchange for providing "seed money" or start-up capital to the company. Rule 144(a)(3) identifies what sales produce restricted securities."
This again? Do you really want to go there again???
Thanks Admiral. I truly appreciate the information. One can only hope the open market exchange implies another toxic debt provider is going down.