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Regardless of whether DCAC is putting up the money up or it is reimbursed to Payless it is still money spent. Spin it however you want but all this thing does is lose money. The only way to keep the lights on and enrich the officers is selling shares. Please point to something that disapproves that.
Payables continue to skyrocket along with G&A. These guys paying themselves a nice salary while accumulating more notes. Dilution will be coming fast and furious. 115k to get the party started.
As of August 31, 2019, the Company had approximately $10,221,000 in net operating loss carry forwards for federal income tax purposes which expire at various dates through 2036.
Lol atleast they will never have to pay taxes.
Well how else did you think they were going to make these guys money?
I'm seeing -97k in income and loss. Then factor in all that other bullshit and that puts them close to a milly.
They are doing a great job of losing money atleast.
Its only a matter of time before Viola flips this thing into a MJ ticker. Surprised he hasnt done it yet. Maybe next year. New year, new business plan.
It's delayed. Too much revenue to count.
Was anyone able to get out over 2 cents?
Nobody went broke taking profit. I'm actually shocked it's still above cents.
Nobody panic just some low volume :p
If it could be refinanced then they would've used that option as stated in one of the PR's. Obviously it wasn't or the terms were deemed too expensive. You can slap lipstick on this pig but at the end of the day its still a pig.
It's been a day. Give it time, it is coming. The whole reason IMO for the R/S is so they can clean up the balance sheet. They will need to dilute to do that. I wouldn't be cheering yet. The PPS isn't even going to hold pennies. Fact.
Yeah, basically just reloaded the deck so if they want they can start the process all over again.
Oh I'm aware, even in the best case scenario people just lost their ass. Atleast people can finally realize it on their returns this year tho.
I'm assuming he is referring to the shareholders of record which have all seen losses since the split. You might be the only guy on here that somehow thinks this R/S was a positive and your investment didn't just get destroyed.
Assuming you had $1,000 invested here (bought at the lowest point) your investment is worth about $150 today excluding fees. In another week or so that most likely will be under $100. So I tend to agree with this guys take.
I guess it only took 2. Once the freeze is done this will go fast and furious.
Even better- can you point to a successful PR campaign in the last 15 years? The one the comes to mind for me is when they pumped this on the fake preferred share dividend. How he didn't have the SEC knocking on his door for that one still confuses me to this day.
What would you give you the idea that they have a PR plan? Can you point to an event in the last 2 years where they pulled off a successful PR campaign?
Just when you think you cant lose any more money on a no bid stock they get ya. Dirty world down here.
The bigger kick in the nuts with these things is you get wiped out by crook ceo's then the broker hits you with the R/S fee. Cold blooded
Sure is.
That ask is awfully optimistic.
There is 0 relevance to whether this closed trip 1 or 2. Once the split is done the market will bring this to its proper valuation. By the time existing retail can trade it most likely will be back into sub penny land.
Last one out turns the light off.
Sounds like a lot of these people haven't sat thru a R/S yet down here in the sewer. They about to see their account bleed out while they are locked out. There are multiple requirements to uplist and DCAC won't even be able to satisfy the shareholder requirement. Will be quite the learning experience here.
Makes 0 sense that it would close at 2. People will be begging to get out at just lost commission if they can. This is back to no bid until it splits.
Am I reading this correctly that people are cheering that they are about to get wiped out? 200-1 R/S then locked out for days as Viola sells shares. It is true what they say about a fool and their money.
That would be everyone who has been bag holding this POS for years. Need to bring in more rookie investors who think this will make em rich.
Doubtful
Ha alright. We will see soon enough. I'm confident I got this thing nailed and you on the hopium train. Will take a billion in volume to lift this off. Must be a lot of retail lol
Yeah not new ones but plenty still being held. There has been no volume for years. The toxics cant sell them without volume.
Tons of shares acquired at .000025. They are banking if it sells at .0002.
Didn't trigger as a buy or sell. Wonder what conversion this is?
Lol, the whole world is cutting guidance on trade fears. Viola isn't even close to having 7 degrees of separation on this issue. I continue to wonder why you try to link competent ideas and Arthur Viola.
It has been years, I guess eventually someone will be right predicting that this will move. People have been doing it for years. There is no upside until the R/S narrative is cleared up.
DCAC is a good gig if you are the people actually involved in the Company but not so much if you are an investor. There is nothing pointing to a long term ROI. This is and will, for the foreseeable future, be a lotto play. There probably will be a point where it can touch trip 2s but its a gamble whether retail will even get orders filled before it drops back to the current state its in.
Now someone go and tell me how they are going to uplist.
Nothing is happening until the elephant in the room is addressed. If releasing financials doesn't bring attention here what makes you think vaguely connected family ties will?
There is also 0% chance that 15k clears the ask. Try it and watch it magically regenerate.
But it's not a possibility. A literal 0% chance of it happening.