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You are Indubitably correct, and some shareholders are not getting it... currently being in acquisition discussions does not imply that they are in the midst of a discussion with companies, could mean among themselves the company's principals.
Unless the price of the stock drops below .0016 I will not hold a position in this company. I don't think the price of the stock will drop that low, but I do think they will execute a reverse split before it starts to rise. I really hope the price of the stock rises because it appears many want to just sell it and move on. The companies update on video is a tacky, in my opinion that is just to calm the shareholders, OTC stocks will think of everything to keep shareholders hopes up. What is sad service800 is a concrete product, they have good clients, but they don't really know how to market their product. In addition, they need to stop blaming covid-19.
Under no circumstances am I bashing or trashing BYOC, nor do I believe that BYOC is conducting their business unethically, neither do I want shareholders to lose their investments, the above is just an opinion.
That's as pointless of a statement as someone saying "I am actively engaged in trying to become a penny stock millionaire, you should give me your money to invest" <<< This is reflecting on a comment someone recently made that they made some investors millionaires, cannot recall the exact words.
I don't think they are a scam and never did that even cross my mind. What they need to do is hire people who will make someting happen.
While we have been awarded a lot of new business and renewed most existing clients for 2021, traction has remained limited due to the Covid-19 pandemic and the slowness at which our clients are returning to normal business - Still blaming covid-19
Net loss for the three months ended March 31, 2021, was $6.3 million, an increase of $5.9 million, compared to a net loss of $0.4 million for the three months ended March 31, 2020 - Terrible quarter
We are actively engaged in discussions with acquisition targets that range from $5 million to more than $50 million in annual revenues - Same line they used last earnings. Why don't one of you call them and ask them in they are in discussion among themselves in future acquisition or are they presently talking with some companies?
Pursglove, concluded, More recently, Beyond Commerce has executed several corporate initiatives that we believe will enhance shareholder value - This statement with today's earning to enhance will be them executing a reverse split (an opinion).
We have strengthened our balance sheet by eliminating a large part of our debt and increasing our cash position - This means nothing if they will continue to post loses.
Even though I knew they were going to post a loss, the report in my opinion was atrocious, and they probably will soon execute a reverse split to not let the stock drop even lower.
Warfare, I will have to disagree with the statement you made "If BYOC opens Monday flat/no buyers the M's will immediately start to sell a couple large blocks to create the perception that the Q was negative" and tell me how was the Q was solid.
Above is based on an opinion, nothing to do in trashing the company, but it is a shame that they have a good product, and it appears they do not know how to market it.
Did they say 1 for 100? That is better and maybe it would be smaller. All they need is a big institution to invest and produce new contract.
In an opinion, I think they will execute a reverse split which probably would make them attractive as a company, but one needs to hope that they execute one that would not hurt the shareholders. 1 for 50 or 75 would be fair if they execute one.
Reverse splits never hurts the principles of companies. Some companies will reverse split and down the road pull a forward split, but not 150 for 1.
If you read it you will see that they are talking among themselves what they are intending to do, not that they were presently in negotiation with some companies, but I do believe they will acquire companies.
As for the reverse split, hope is low because no one like reverse splits but OTC with billions of shared usually execute them.
I do not believe that a 1 for 150 reverse split would hurt shareholders, it would be nice if they execute that they send out a press release that they will buy back shares as well.
Believe me, I do not wish anyone to lose money, but OTC usually hurt shareholders with reverse splits because many of them polverize shareholders. Did anyone called BYOC to see if that is on the table?
First I stated 1 for 150 (one new share for 150 of your shares), I did not say 150 to 1.
Why a high ratio because of 5 billions plus shares, simple answer. There are companies that reverse split 1 for 1500 and higher polverizing shareholders.
I stated between .0015 to .0016, but added that it appears it won't drop that low, in other words, I will not be able to buy that low.
Whay are you getting so nasty, an opinion is being giving and opinions are not concrete unless they materialize.
I would not worry about acquisitions I believe they will acquire some companies which will allow them to gradually increase in revenue.
Yes, a reverse split would be positive and that is if they do a 1 for 150, reverse split, but I am starting to believe that they will execute a higher reverse split and that will hurt shareholders, I hope they don't. Iwill position myself if the price of the stock drops to .0015 or .0016, but it appears that it would not drop that low.
Time will sell, but if they execute a 1 for 150 reverse split no shareholders should panic.
My overall cost was .0017 to my recollection and I took my initial investment out and left my profits. I bought at .005 assuming momentum would take place and it didn't and I made that clear many a times.
I knew that the price of the stock would drop to .0018 cents and possibly .0016.
I am being extremely careful in accumulating shares. In an opinion they might be allowing the price of the stock to be attractive to get investors to buy the stock and the company would then take advantage of this executing a reverse split while they generate revenue.
Again, above is just an opinion and under no circumstances am I bashing BYOC, I believe they have a good product, but too many shares are hurting them, just an opinion.
As long as you clarified it as an opinion, people would have held you to that statement. By the way, I knew it was an opinion and the only reason I mentioned it was in response to Starling. By the way, I have nothing against you and even in our differences and regardless of what you may think about me, I don't take anything personal. I know you and starling are one of the few who knows the market and I know that according to you I know nothing about the market, but that is okay it is not about what one knows it is about generating income or wealth.
Starling, thanks for responding and you were always one I highly respected enjoying your post. As for Satch, it was not an opinion the way he posted and if it was he should have stated it. By the way, everyone was always excited about BYOC. I like the company, but I am waiting a little longer.
Another thing, though I post opinions I do not wish anyone to lose money whether one wants to believe it of not.
Starling, I read well and the statement that was made can't be an opinin ... but I’m curious to see the tone on this board in 2 weeks." In other words in two weeks something will take place. If it was an opinion he should have stated it.
I always admired your post, but I am curious to know why you all of a sudden are posting a lot when in the past rarely did you post. I have an idea and I will leave it there.
By the way, I am not bashing BYOC, I am watching the stock carefully and if it rises and I decide to position myself at a higher price no problem, but I will be ready to position myself at .0016 if it drops to that range.
You stated, "Nothing but hopes, dreams and DD but I’m curious to see the tone on this board in 2 weeks."
You know what o call the above, but maybe you ate right, buy why to weeks and not one week, are you playing it safe. The chart would yell me, I will look at it and give you an opinion.
I don't work for the company to advertise for them and neither do I get paid to bash the company. In an opinion a reverse split will put BYOC on the board and will give them the attention needed. In an opinion they should not allow reverse splits it does hurt shareholder.
To my recollection they are talking among themselves to acquire companies, not that they are in talk with companies. In an opinion if they execute a reverse split you will start seeing shareholders value increase. As stated, I sold my position in the stock, but looking at it carefully it.
The CEO videos are not and will not do anything to increase the price of the stock and in my opinion it is tacky. What they need to do is they p q send out positive press releases,
So, a penny stock company is going to take over a $50 million company? Do you really believe that? Read carefully. What they need to do is reverse split no more the 150 to 1, this would hopefully attract institutions, not just one, then I can see them taking over $50 million companies. If they reverse split I will position myself in the stock right after it drops before it rises and I will also consider positioning myself if the price of the stock drops to .0016 before a reverse split.
I have not posted on the BYOC board for a while and from what I see the price of the stock is still in the .002 range. I will probably position myself in the stock if the price of the stock drops between .0016 and .0018.
A reverse split would make the stock attractive being that they have a good product and if they execute a reverse split just hope that it is no more than 150 to 1
The above is just an opinion
“We are actively engaged in discussions with acquisition targets” does not mean that they are currently in discussion with a company because it can also mean that they are in discussion among themselves in how to go about with acquisition targets. Lawyers are good at writing statements that makes one see something that isn't really taking place at the moment.
"that range from $5 million to more than $50 million in annual revenues". So, a penny stock company is acquiring to take over a $50 million company? Is this what this means?
In an opinion, though the news appears position it was at the same time not acceptable to me because the statement they made is not truly clear if they are in discussion among themselves or with companies and remember one acquires company one at a time, they use "acquisition targets" as in a plural form. I also believe that they will execute a reverse split and it will be 100 or 150 to 1 and this is just an opinion as well.
After this news and though the chart truthfully look positive, it appears to me that the stock will drop between .0015 and .0018, if it does, I will position myself once again in the company, but if it doesn't I sincerely which all you guys the best with this stock.
I decided to increase my INTV shares, it appears to be dropping a little, but that is okay and if it drops to .15 cents I will increase my shares. I already made a profit with the stock.
I will no longer be posting on BYOC unless I position myself, sure many of you will be happy and most of you won't miss me.
Again, sincerely hope it rises, and I took a chance in dumping it, but then if it goes up it would not bother me, and I am not one of those investors that say I sold too early.
Satchel, you know my email extension, if you like to email me it will be a pleasure keeping in touch with you, we had our differences, and I was only playing with what I said, I have no doubt that you and starling know the market.
Because they would be able to pick up shares at a lower price, it is their creed that causes them to want the price of the stock to drop. When a price of an OTC stock laggards investor patience become weary causing them to feel like they are dying a slow death from the aggregation of waiting which is the reason they dump the stock. For this reason in an opinion I recommend that when one makes a profit to just remove their initial investment and leave the profits and not to worry about what happen, if they lose it they only lost the profits which they did not have in the first place.
BYOC Chart
I play OTC with the volume by price and chandelier exits, then I go to the candlestic. The volume by price is really important to me because it can inform to where the price of the stock could drop, and as for the chandelier exits when it drops under the price of the stock it is an indication that it is positioning be take the price of the stock upwards.
Even though it appears like the price of the stock will drop to .0015, 99% I don't believe that will happen and hope it doesn't. Earnings is around the corner. They might try to drop the price of the stock down to get one to sell, but it appears as no one wants to sell.
I bought the stock at .007 based on the chart, I sold around .01 and left my profits. It dropped to .005 and I bought hoping momentum continue and it didn't.
I said the price of the stock would drop to .02 and it did, the second time I was correct. The first time I called that the stock will drop between .0022 to .0024, though momentum caused the stock not to drop, it did drop between .0022 and .0024. When it when back to .007, I called .002 and recently the price of the stock hit .002. By the way, I did increase my position at .003 a week before earnings. Two reason I did not dump my shares... 1) Revenue increased, 2) new customers and I am not worry about profits that will follow.
Would I increase my position at .0015? No, I am happy with what I own and I will sell some shares at .01, .14 which I believe it will rise to, and I will leave some for $3.00 it may sound ridiculous, but this is a real company with good customers.
My analyst on BYOC is an opinion and opinion are given for discussion not to bash. I will definitely get back to you if you respond to this post.
It has been quiet, guess there is nothing else to say, but I will say this... BYOC chart looks positive and it appears that soon you will see an uptrend. Maybe tomorrow I will add to my position, but in all seriousness the chart looks positive.
Apparently, warfare agrees with me, he is just stating it in his words. As I previously stated a second time, and it came to past... BYOC would drop to .002 and from there the price of the stock will start to be chased. As I stated, I left my profits in and increase my shares at about .005 and .003, I don't need to average down my profits did that for me. I will cease purchasing the stock unless it drops to .0015 which I do not believe it will and if it does then I can see a reverse split.
The current price is very good to invest in, and I will state the following as opinion; Anyone who wants to invest in BYOC but feels like they will lose their investment can take the following attitude...
1) Invest with what you are willing to lose this way if you lose it all it wouldn't bother you.
2) If the profits double cash in your initial investment, not you have nothing to worry about, if you lost the profit it was money that you did not have in the first place.
For the young investors... In an opinion, BYCO stock price will rise back to .01. So, assuming you invested just $250.00 (what you are willing to lose) and you bought at .003 (83,333 shares) and the price of the stock rose to .006, just sell half of your position to get back your initial investment ($250.00) you will still have a position in the company's stock owning 41,000 plus shares. Now, if the price of the stock rises to .01 you will make an additional $410.00 if you cash in the 41,000 plus shares. Again, I am not telling you to invest, I am just giving an opinion if you want to invest, but fear of losing your investment.
I also stated that I will not sell under two condition and today's news stopped me from selling.
I am not here to trash a company and many fabricated that I am a short seller which I am not. The one thing I did learned in life let people believe the lie they fabricated.
Sorry, just need to mention the following... the price of the stock dropped to where I said, soon you will see everyone chasing the price of the stock, so set your price and let them do the buying many will chase the prices and those of us who set a price to sell will cash in, just an opinion.
When the above comes to past you guys can still trash me and look at me the way you want, but you will not escape what I state and in your mind you will not be able to escape the phrase, he knew what he was talking about, LOL
I decided not to sell based on today's news the two statement I made came about which I did not see on the 10K...
Annual Revenue of $4.2 Million
Signed New and Renewal Contracts Expected to Accelerate Revenue Growth in 2021
With the above being said, I will not sell, but I will no longer post on this board. By the way, I made it clear prior to today's news that I will not sell if post what I stated and they did. You can bash and trash me all you want, but none of you can escape that I was correct in the price of the stock dropping to where I said and you have to ask yourself the question, why did I state on two conditions I will not sell? Maybe I know more than what you guys think. Let me see, some of you will continue to bash and trash and I won't mention the other word otherwise this post will be removed.
One more thing, I recently stated that the price of the stock will drop between .002 and .0022 then you will see them chasing the stock, the price of the stock dropped to .0024 as of today. Wish all you guys the best. Satch, if you still have my email you are welcome to email me and talk stocks, I hold nothing against you, never took anything personal. Take care!
Error in dates, or they did hire Peter Stazzone a year before sending out the press release... On February 8, 2020, the Company appointed Peter Stazzone to serve as the Chief Financial Officer of the Company and the Vice President of Finance of Service 800, Inc., the Company’s subsidiary. Mr. Stazzone shall also continue serving as a Director of the Company. February 8, 2021, the press release was issued.
Phrases they used that did not sound good... "we plan", "we believe", "our success will depend on", and I am surprised they did not use the phrase "they believe they can fly", but if they had wings would they fly away completely to a state of non-existence? Their statement "our industry is highly competitive" indicates it will be hard to succeed in the industry they're in.
How are they going to acquire company when they have no money? Through shareholders investment and issuing more convertibles, ultimately increases the companies shares and if they continue to dilute a reverse split down the road will probably be executed 1500 to 1 which will pound, crush, or grind to dust all shareholders.
I was stated for the year ended December 31, 2020, and December 31, 2019, they had an accumulated deficit of $58,645,834 and $48,227,200 - Accumulated losses over several periods or years could result in a negative shareholders' equity. Just because a company shows an accumulated deficit doesn't mean it is out of cash or even close to running out of cash, but an accumulated deficit does mean that the company has spent more money over its lifetime than it has taken in.
They stated that their common stock may become thinly traded that one may be unable to sell at or near ask prices, or at all, a lot is being said with this statement.
I did not read the entire 10K, but with the above being said, today I will sell my position and if it goes up I will be happy for you guys, I wish no one to lose money, but I will refuse to stay in a stock that appears to be going no place at this time and in my opinion by letting it all out now, the earnings around the corner will make it easier for shareholders to swallow.
By the way, I have never taken the bashing and trashing personal because opinions is what creates discussions. Maybe pulling out will create momentum and the price of the stock will rise, LOL
Starling and satchel who I highly respect, yes satch even in our differences... it is sad to hear that they have a good product and good clients, but have no management. I have learned that there are two kinds of winners in the stockmarket, those who cash in profits and those who cut their loses. I did leave some profits as shares and increased my position at a lower price assuming momentum would take place. Today, I will cash in the profits I left as shares and cut some losses on the stocks I purchased between .003 and .005. I held until earnings came out and was really disappointed with what they posted, in my opinion it was discouraging and them not really certain of their business or where they are headed.
Hoping the best for the BYOC shareholders.
In an opinion, if BYOC post a positive report the shorts will be squeezed as the price of the stock rises, and I will be able to sell at .14 cents a share and maybe higher.
I am looking forward to see increased revenue and new reputable client and in an opinion there will be a rude awakening when they post the revenue which will cause the price of the stock to rise. Again, just an opinion.
Surprised you did not get bashed for your statement, but you are correct and why worry about a reverse split they will be over $3.00 in the near future, just an opinion.
So, if you apologized to everyone on this board for responding does that mean that many of you decided not to respond to me? LOL
I have a sell order to sell at .14 and $3.00 and as stated they will chase the price of the stock meaning the price of the stock will rise, it is an opinion and hope it materializes.
I stated it in the past and I will state it again, one thing I observed in you that you know nothing about the OTC market. Hope I did not hit a nerve.
I tell everyone I meet in the OTC market to just invest with what they are willing to lose and with that attitude it will prevent them from getting aggravated. As stated, increased revenue and new reputable clients is all I want to see.
This is why I am telling few not to worry if they reverse split. No one likes reverse splits, but it does not bother me if they reverse split they are a real company with real clients and down the road they will be profitable, just hope if they execute a reverse split it is not more than 1 for 100.
They wrote it in such a way to make it appear they won't reverse split. What they did was removed what they were intending to do and replace it with an increase in shares which does not mean they will never execute a reverse split.
In an opinion this is not going to happen for a while if they post and increased in revenue and got new reputable client, but if they don't then the possibility is there. I still would not worry because a reverse split the stock will rise.
Just hope they increased in revenue and got new reputable business, profits down the road will follow.
Even though the stock recently dropped to .0028, according what I recently saw on the chart in an opinion I stated it will drop to .002 or .0022, but at that price it will be chased causing the price of the stock to rise.
What will move the price of the stock is not profits which will be coming down the road though it will be nice to see a profit, but increased revenue and new reputable clients will cause the price of the stock to rise. I really don't care about shorts, or those who are trying to keep the price of the stock down.
BYOC is a rare OTC stock which is why I left my profits in the company and increased my position around .005 and .003 looking for a momentum run even after I stated that they will drop again in the .002 range. If that would have happened I would have cashed in my initial investment leaving my profits as I previously did.
With the above being said, no one should worry because the price of the stock will rise between .14 and .16 and maybe .35 cents, one has to let it run because it will then be chased causing it to even go higher that is when you cash in.
By the way, they stated, despite the global pandemic, 2020 was a SOLID year for our business, as we successfully closed and integrated acquisitions and drove organic growth. Our business pipeline remains very strong... In other words, they considered 2020 to be SOLID and that their pipeline REMAIN very strong and this paragraph is a positive concrete statement that is being made.
Again, it is an opinion which many of you will disagree, but I have to say, you are sounding a little like sundownsam, take it as a little compliment, LOL
I don't care what people say, all I want them to post that revenues increased and new reputable clients, the profits will follow down the road.
Two things one has to learn in the penny stock market, 1) invest what you are willing to lose, 2) don't let the price of the stock frustrate you.
I removed my initial investment when the price of the stock went to .01 cents leaving my profits. I increased my position around .005 range hoping that momentum would take place and it didn't. I also increased my position around the .003 range for the same reason and even before I increase my position, in an opinion I stated that the price of the stock would drop to .002 and then will be chase.
Don't worry above it, just hope they post increased revenue and have new clients, profits will follow down the road.