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Bought 3milly this morning
Who came over from St Andrews?
I’m right there with you guys...
Will do.
Yes. The 110 million are the only ones I see after dec 20th. I wonder when those other tranches of restricted shares become free trading. Is there a way to find out? 6 months? A year?
Honest question here. Would the remainder of the OS be insider holdings and/or treasury shares? Is there any requirement to publish when those become free trading?
I tend to agree with your assessment. I’m just having a bit of a trust issue with the promise of no dilution - followed by an extra billion shares outstanding. Maybe there are rational explanations....and maybe they needed to fund operations or just pay themselves....and I myself may not have the fullest understanding of what’s going on here - but pinkies are already painted with an ugly pallor by their very nature and it certainly doesn’t help build trust when it appears some of these unrestricted stock issues were made after the promise not to dilute - and Mike hasn’t made any statements to shareholders offering an explanation.
I fully admit that the explanation may well be forthcoming when new share structure is revealed - but the timing at this point seems quite ham fisted at the very least IMHO.
Did Starkweather take down his LinkedIn?
“Film at 11”
Hmm...in some respects yes. Don’t forget, thousands of people take out $30k+ loans at 5% interest to buy a new car which is guaranteed to loose $5k in value when you drive it off the lot. I would say - if it’s 0% and you could stomach loosing it all and paying it back over time...there is something to it. Come to think of it, it’s exactly what the bank does with your money.
Not a bad idea if you can get 0% for 18 mos. free money
Mexican standoff
The problem with Apple is their user interface has gotten less intuitive and their phones more expensive over the last 8 years. Since the death of Jobs - they’ve been in managed decline IMHO (which could last 30 years given their size). No real innovative since Jobs.
That’s what it’s sounding like. Mike might even be the salesman (but that seems more Darryl’s wheelhouse)
So in essence Mike himself is just one more piece of the technical puzzle (OTC experience and public face). Interesting.
In the world of entrepreneurs, I always ask myself if the people involved exhibit the traits of one of Malcom Gladwell’s archetypes.
https://www.productiveflourishing.com/maven-connector-or-salesperson-whats-your-archetype/
Building a car takes many many disciplines. HF has a vision on how to scale the process but He wasn’t an expert on every aspect of it. He surrounded himself with those who were. If you don’t like the Henry Ford analogy then take Jack Ma head of Alibaba. Not a programmer or a technical guy at all. Didn’t even know how the internet worked...but had a vision for how it could improve commerce. Again, he is a visionary who gathers the technical experts to bring his vision to fruition.
Henry Ford filed for bankruptcy - twice - before starting FoMoCo. I actually think that Mike isn’t getting as much credit here as he should. The guy is an entrepreneur and is able to bring key players in to help him execute his vision. If Mike were just some pennyland schmo and Louden and Darryl are the “smart guys” then what are they doing associating with Mike? They must see something in his vision/leadership to back him.
I said on here a month ago, that if the phones had proprietary software that enabled them to operate as a secure hardware wallet and also had a peer to peer decentralized payment enabler - that would be a global game changer. No more vulnerable centralized servers and cumbersome transfer methods. It could be the thing that enables crypto payments to go mainstream as you wouldn’t have to rely on a third party. Just my fevered dreams of course. But with Loudon on board it makes me really think there is something truly cool going on here.
Good post. I also think that Mike is grappling with old outstanding convertible warrants that are hitting maturity and there’s nothing he can do about it. So there may be pps pressure there. I’m curious does anybody know if convertible warrants are included in OS count prior to conversion? If not, I wonder how many of those were out there. I remember a conversation someone had with Mike where it was mentioned that there was 50K or so of debt they were trying to address back in January. In fact I’ll bet there are probably a lot of angry bag-holders from the previous regime who are just waking up to the fact that they’ve got a bit of unexpected leverage now. Some may be cashing out.
I asked in my note to them when they would roll out the hardware/software to us. They haven’t responded to me yet but somebody else said they were told Q2. So 2 weeks at the earliest.
That’s what I was thinking about as well. They may have just hit their conversion date
Is Pennys_Envy still with us?
Did anyone know when old warrants became convertible? That could be what we’re seeing here.
Agree. Could be old warrant holders from previous regime, could be retail guys. Who knows. Doesn’t mean OS has increased.
Like I was saying a month ago, many will fall away in the coming months and I think this board will look quite different by next January. Such are the birth pangs of going from OTC to the big boards. Pinocchio, Velveteen Rabbit, etc. everyone has to go through the treacherous and often painful passage if they want to reach the promise of the distant shore.
That’s the old regime phone number. ANDI is no longer based in MIchigan or run by the same CEO. It was stated on the Wyoming document from when Mike took over.
I guess the crux of it is that Mike said he wouldn’t do it. If he’s doing it that’s a big breach of trust and would have ramifications beyond just the dilution itself. Time will tell.
I wouldn’t pay much attention to this guy. Not sure where he gets his info. I actually reached out and got a character reference for Mike a couple of weeks ago from someone who’s authority I feel pretty good about. No reason to think he’s a “scumbag”.
Not to be a clown here because I’ve been long for two months now but I sincerely hope that these are real partners and not just “partners” in the way that I “partner” with Apple because I use an IPhone.
From the looks of things it seems Utopya has - at the very least - hired a knowledgeable guide to help them navigate on their journey through the telecom wilderness. Hopefully he has some serious connections and knowledge.
I was looking for the partners page! Awesome!
Also is the listed email domain of Justin Su.
I think CLEC holdings will acquire Cascade Northwest. http://cascadenw.net
Same phone number as on the CLEC holdings filing.
Yes. So it sounds like Mr Su is the Gandalf of telecom middle earth perhaps?
Phone numbers are the same
So is Cascade Northwest the company that is actually being acquired here within the holding company? Seems to be a regulatory consultancy for CLECs.
Thoughts?
Just did a quick search (maybe someone else already did this today) and found this:
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=155201194194030253141109236110191134044132058141
And this:
https://wyobiz.wy.gov/Business/GetImages.aspx?sid=130246043254143157216235194254171012186012171187&stid=143081052037131049174101151060105191121240225143
And then traced the email given for Mr. Su to a consultancy here:
http://cascadenw.net
Seems to me there were some flippers or weak hands that bought in at what they thought was the floor in the mid
.02s a few weeks ago and were riding it out until the next opportunity to exit - much like a trapped fart.
Agreed. As a leader he could probably have a little more of a “touch” to his messages. But judging by his other “power of positive thinking” tweets, I feel like it’s just his MO to “speak it into being”. Not intentional pumping in the traditional sense. Can come across as a bit tone deaf though.
Haha.