Everything I say is my own opinion. Do not interpret anything stated as investment advice. I am not a registered Financial Adviser of any kind.
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Hell ya!!! Good work man, thanks for staying on top of things.
RBNW* chugging right along.
Good Luck to ALL
-Lord
Hahahaha ya, I've been throwing out even smaller (100 share) testers over the past few weeks and affecting the price by 20%+ with those.
Tighttttt
Exactly, been saying it for weeks now. Float is all but entirely locked up. She will fly with any news that attracts new buyers. Market cap of only 200K is extremely undervalued; sales should be reflected throughout this year to bring in the new buyers needed to rocket this thing up.
Aye, it is very interesting how many are watching this one yet not holding positions yet. Everyone just waiting...
Only time will tell what becomes of this thing. Hoping for those 600M in revenues from CTCC to translate over here a bit.
-Lord
Looks like the website received a few touch-ups...
Also, anyone happen to see the new section [blank; for now] created under the Board of Directors on the front page?
Board of Scientific Advisors
Pieces are falling into place.
-Lord
The only finger pointing that should be going on is toward the CEO Donald MacIntyre, at this point in time.... The official press release is even starting to push the limit at this point, not to mention his conjecture about the filing coming through.
It has been 9 days since the PR stating they were about to file it.
-Lord
Especially now that the Scientists have finalized the existence of gravitational ripples.
My gravity is no longer the same as you're gravity my friend.
Maybe there will be no gravity when it comes to the VPRO share price ;)
-Lord
Agreed, but also pissed, still haven't heard back from the company. Emailed them yesterday.
Mostly correct, it was above $1 this past September; hit $1.10 at the high and had both a steep ascension prior and fall after.
In my humble opinion:
The ascension was on account of the promise contained within the company. What you have here appears to be essentially a debt-free, non-diluted, spin-off entity of the previous City Capital Corp. (CTCC):
http://investorshub.advfn.com/City-Capital-Corp-CTCC-6838/
The CEO of CTCC prior to Don Macintyre taking over had committed a rather elaborate ponzi scheme via traveling around the country and gathering investor $$$ from churches in less affluent areas; stating that a % of profits went to charity, among other statements that were untrue.
Once Don took over, there was just too much of a myriad of problems left over for him to save the company.
They then hired Legal Outsourcing Group LLC to essentially restructure the IP (which is valuable; see CTCC revenues prior to the fraud downfall) out of that entity, in order to free any future revenue from it from any encumbrances or liability.
Thus entered private subsidiary Strategic Power and Energy Inc.
This entity eventually underwent reverse merger to become what is now RBNWE and begin trading on the OTC exchange.
The rise in September was based upon the prior promise of CTCC's prior revenues (multiples of millions per year).
The fall was, in the words of CEO Donald Macintyre:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119871360
Hope that helps.
-Lord
Definitely a valid statement at this point. I had expected more sensitivity to investors, as this company seems to finally be the entity the CEO Donald Macintyre has been working years to create.
He really is a great mind in the LED/Lighting space, as is proven by his numerous patented inventions, but has thus far been plagued by failure due to market forces outside his immediate circle of control.
You would think that since they finally got the IP into a low debt, non-diluted entity structure (see strategic energy and power inc.), that they would be extremely sensitive to the market moving forward.
Will have to see if they can replicate their old revenues without the old problems though... if so, lots of money here. If not, nothing.
Time will tell... not liking this massive delay on the 10-K though.
-Lord
Agreed, you should help me out and throw them an email/call.
CEO, Donald Macintyre: DonM@r-eap.com
-Lord
No problem... I did definitely expect the new 10-K to be out by now though.
Starting to get a bit perturbed, going to email/call in today.
RBNWE Float Explained:
Per page 30 of the prior year 10-K (most recent, still waiting on current year...):
Common Stock Owned - All Officers, Directors, and Related Parties
49,916,720
66.983%
Per page 1 of the prior year 10-K:
Common Stock Outstanding
74,521,720
This is why this thing runs 150% for 2 days in a row, then drops like a stone the week after. There is only a float of 25M shares, or approximately:
25,000,000 X $0.0035 = $87,500
My View: The company is at or near ground floor pricing, as it is currently trading below book value at the end of the most recent 10-K. Book value being assets minus liabilities:
$1,825,962 (assets) - $1,506,470 (liabilities) = $319,492 (book value)
Current Market Cap at $0.0035 per share = 74,521,720 X .0035 = $260,826
$319,492 - $260,826 = $58,666 below book equity
Another way to put it, if the company were to liquidate entirely right now, all the shareholders would receive:
$319,492 / 74,521,720 = $0.0043 per shares
Once you take into account the simple, baseline valuation above, and factor in the company quadrupling its prior 250K contract with MDI up to an anticipated 1M contract this year... among the possibility of landing the 500 assisted living center deal... it seems pretty clear it is currently undervalued.
Just my honest opinion.
We're trading at about %0.5 - %0.75 of total volume on these recent drop days.
Good Luck to ALL
-Lord
I hereby deem this as the year of the late OTC filers.
So many holdings late on their obligations right now.
Should make for a very interesting next few months.
Good Luck to ALL
-Lord
500,000 / 75,000,000 = %0.66 of the O/S traded today.
Hey guys, we're up to 0.55% of the total outstanding shares traded today!
416,000 / 75,000,000 = 0.005546666666
And its down 22%, talk about a head fake! Been the same story the entire past week.
Good Luck to ALL
-Lord
Hahaha but then he'd have to file form 13's!
Definitely a veteran move, so long as the merger is already finalized internally.
Otherwise, they're risking much more than just the capital in the company (i.e., their own money), as I believe it could be grounds for piercing the corporate veil.
Suppose that idea, combined with Royston's experience, is what has many investors, including myself, invested here. Seems like it would be a rookie mistake for someone like Royston to be making; which would imply the merger is complete internally.
Good Luck to ALL
-Lord
I guess that could be a reasonable explanation, but you'd still think they would keep it protected/in-house until read for launch.
Pretty simple to keep a website local and/or password protected.
-Lord
Right, but why put the website up already?
Just seems very odd. Why wouldn't they just wait until they had the financials up to date and ready to go as you stated?
I can wait as well, but it just doesn't make sense. Seems like it would be a very easy decision to make for a C level there to just nix it till filings are ready.
What are your thoughts on when filings will hit?
It is interesting to me that they'd launch the website prior to announcing the merger publicly...
-Lord
Agreed!
One step at a time. Share price needs to build upon itself, just like the company. That's the beauty of this investment, it is truly the ground floor.
Always gonna be manipulation downward in a low volume environment, which is why the 'little guy' rarely ever makes the big $$$ on being in at the start. There's never volume, and thus mitigated manipulation, until it is far past the point where real (life changing) wealth is generated.
Read the financials, contracts, and call the company. I think this is the best way to make a decision here, and to determine if this is a ground floor that is worthy of investment.
Good Luck to ALL
-Lord
What makes you think it won't?
Just because it didn't run to .20 on your short-term time agenda?
Nice short, must have been a small position though - if you were able to cover fully at 0.003? There have only been about 50K shares that traded at that level.
Not even $1,000.
As for going long, I would urge not to take a long position unless you are willing to wait for the Q2 10-Q for 2016. I think it will take till then to see the profits from the expanded contract with MDI come through; unless a random catalyst hits related to the 500 center assisted living LED trial or another new line of business.
Only nice thing is that, per the contract with MDI, we know this won't be going bankrupt, so patient longs have time to wait it out.
Good Luck to ALL
-Lord
Down 30% on 0.000867% of the float trading...
LOL
I really hope people aren't getting fooled by this.
-Lord
Did you happen to notice the 300K share ask at $0.0045 got thinned down to just 10K shares at the last minute of trading?
Someone is putting up some fake asks to discourage runs in the stock right now. Blatant capping manipulation; indicates someone is loading, or a large short is scared of this running.
One of several reasons why I support taxing firms that regularly perform high volumes of cancelled bids/asks.
Good Luck to ALL
-Lord
Someone is sitting on .0047, but overall, not a bad way to end the week!
Looks like we may have found the bottom here.
Onward and upward, hoping to see a nice 10-K next week, showing a trend towards profitability in 2016.
Good Luck to ALL
-Lord
In all fairness, they filed a NT 10-K on Dec 29, 2015 and even put out an additional press release yesterday.
I'm pretty happy with their responsiveness to investors as I know a few, as well as myself, contacted the company directly to spur the PR'ed response yesterday.
Going forward, the guys seem intent on rebuilding the share price.
-Lord
Absolutely... just make sure you don't pass up that 5% reporting threshold eh?
Nobody wants to have to take the time to file to the public their holdings on a 13-K.
I'm aiming to end up right under that limit as well.
Spoke to the CEO and his brother Bruce.
They seem quite knowledgeable in their field, especially the LED side, but I think they were a bit 'green' to the public markets and made some early blunders with that convertible financing (which is why we're able to get these cheapies down here right now). However, they seemed pretty resolute that the actual business was headed in the right direction and that they were going to be much more sensitive in regards to investor relations as things begin to develop with the new contracts this coming year.
Pretty happy with where this is headed, one of 2 stocks on the OTC that I'm treating as more than just a momentum play; other being VPRO.
Good Luck to ALL
-Lord
I wonder who accounted for the remainder of the volume, there was about 1M shares in the span of 10 mins. You were half of that.
Nice pick up man, I have a feeling I know who you get them from on this board, and his name rhymes with let-dunker.
As long as this stays above the 50 day moving average at around 0.016, bull trend is preserved.
All is well, natural price action on this slight pullback in my opinion.
-Lord
Well, looks like someone just got to load up on a bunch of cheapies here. A nice 1.5M position just traded hands this morning; 2 weak hands converted into a single buyer from the looks of it.
When I say its only "on paper", I'm indicating that its only showing what 1% of the O/S perceives the value of the shares to be. The remainder of holders perceive it higher, but that isn't being displayed, as we don't have new buyers to reach their levels and generate volume right now.
Hence, the losses are only "on paper", in that they only become realized if you determine it valid to join the 1% of the O/S trading daily at these levels.
1% of the O/S is approximately 5K, or less.... which means it takes very little money to push the perceived market value (displayed "on paper" in your brokerage account) around.
Not sure I can make it any more clear than that... once again, read up on volume and share price correlation.
Good Luck to ALL
-Lord
I had previously emailed the CEO, MacIntyre, and didn't think it necessary yet to double down with a call also.
I actually received a response to my email later yesterday.
Pretty happy to sit tight at the moment.
It's likely this will bleed down a bit further as we wait for the new contracts to flow into the bottom line of the company, but, as long as it remains so on extremely low volume (yesterday, roughly 1% of the O/S traded and it was down 35-40%), I'm fine waiting it out.
What is nice here, is that the contract with MDI ensures that bankruptcy will not happen. As long as that contract remains renewed each year, it ensures this stays in business. These guys have a good amount of experience in lighting/solar; I'm sure they'll get the business side down a bit better eventually. Going to give them some time, after all, they have it. MDI provides any capital necessary for them to cover operating expenses.
Good Luck to ALL
-Lord
I feel the same, I think we see the profitability begin to show up Q2.
Although, there is always the chance that the trend becomes much more apparent in this 10-K, leading to a rise earlier in the year as anticipation is greater.
We'll see; I've got faith this gets above its current minuscule 300K market cap in short order this year.
Only one place to go from the ground floor - up!
Good Luck to ALL
-Lord
The short squeeze can, and only will, occur if/when enough new buyers arrive (on account of some piece of substantial news) to being pushing the share price up to the point where they get scared of losses/lost profits/margin called.
Until that point in time, it is a waiting game between the shorts and longs. This is thee purpose of the manipulated share price downward on low volume. For less informed investors, this display is extremely disheartening and scary, as they lack the understanding of the importance of volume as tied to share price movement. Without this understanding, it just looks like they're losing 50% a day, when in reality; this is entirely on paper.
If the longs are ill informed or lack the conviction to hold through these periods, the shorts win as they are able to cover their large positions by grabbing shares from longs who have bent to this manipulation.
If longs notice the manipulation, and believe in the future fundamentals of the company, they will be able to hold their shares; which doesn't allow the shorts to cover their open positions. The key to a short squeeze, is that the longs force these positions to remain open until news that causes the losses/lost profits/margin call on the short side to occur.
Right now, we are in that waiting period. It appears the longs are winning at the moment, on account of the non-existent volume over the past few days. Will this hold true and for long enough? These are the true question at play here.
I hope so.
Good Luck to ALL
-Lord
I don't think 110K shares counts as people running for the exits...
I piss that many shares while jogging. That is %0.00146 of the company right there.
Interestingly enough, a few of the presidential candidates right now are running on platforms that plan to "tax" that type of behavior out of existence.
Essentially, placing a large tax on firms/individuals that place a high amount of bids/asks that are cancelled prior to completion. Would go a long way towards reining in the spoofing often portrayed by the high frequency trading firms; put some power back in the hands of the common retail investor.
Overall, I suppose I'm glad the company stuck to their promise, and delivered the PR. Tally one for RBNWE and shareholder trust.
Good Luck to ALL
-Lord
I don't really consider that news... we all already knew that was the case... back to waiting for the 10-K.
Thanks for putting in the work to find that though moola.
Good Luck to ALL
-Lord