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Or all the above haha . Remember that Jason is a visionary, and I guess he is determined to sink the ship along with the companies shareholders . He can’t do a damn thing right , and this is not something that is even debatable. Everything he touches turns to crap and he has the tendency to make things worse than they are
Well case point is clearly evident and have you seen much buying activity for the last month or so ? It has shown just how unappealing and distrust that the retail investors have for Jason and his past and current actions. He pays 2500k for that article to be published on the companies miraculous jump into being Nasdaq listen and so on . Folks are just tired of blatant disregard for the shareholders and to be transparent. They pulled that rs about a month ago in one of the most sneaky and distasteful way , didn’t even find out about the rs until it was posted by a third party account stating it and that was the night before the rs . When they knew exactly what they were going to do since January 21st when they filled out the paperwork for the rs . But didn’t release the filing till a day after the rs
His greed absolutely has no limits whatsoever. He also filed for those issuance of shares years ago and is now coincidentally filing the ownership to those shares that weren’t filed through the proper channels or any channel in that case . And now he wants to activate the Omni whatever plan in which it allows stock options to be unrestricted to the employees . It makes no damn sense whatsoever, but I don’t know what he is going for with this S-8 filing . I mean the newest loans and many of the current ones were signed in March and don’t become unrestricted till December and into the next year. So I don’t think this is anything else but a way for him to award stock options at the expense to the shareholders. I don’t get why each day he has to stifle the movement of the stock by these sell lots of one shares at the bid . It will always impact the upward momentum at its start line , since it always follows with a instant sell lot at the bid . Also I spoke with someone who spoke to the transfer agent and was informed that the outstanding share count was over a million shares already .
I have a feeling his delusions run much deeper than what he provides for the shareholders . Wait does he even know what a shareholder is in the first place ? His ability to ignore the important issues while covering the uneventful topics is truly uncanny . What is your opinion of the role that Matt has in all of Jason’s actions and decisions? Does Matt like to kiss Jason’s ass or does Jason control the gerbil (Matt)
Yep and that’s a pretty dead on assessment of him . Heard he was not the most pleasant person to work for and from a very credible source too . He thinks the company has already made it and most likely doesn’t even know the difference between being listed on the national exchange or the otc haha .
They actually did comment about the rs very quickly and said that was in order to meet the price requirements for the uplisting . Which is useless since they haven’t physically sent in any application to the Nasdaq board to decide if they are approved or not , so it was during the webinar . Also believe me it has reduced everyone’s share count and averages for all the shareholders. My best average is like Around 100$ but in general my positions have averages from 100-300$
First of all I don’t quite understand why atds ( the truck driving school ) which has locations across the United States has any negative or positive impact on the stock . Also this company has been an embarrassment for most of the shareholders and has been perpetrated by two individuals and those two are Jason and we mustn’t forget Matt Abenante the IR representative . Well that’s what he gets paid to do and hasn’t and unwilling to respond to any of the shareholders for the last 8 months . Whether it was through email or phone calls, none of the attempts were successful. And Jason has done lots of damage to the appeal factor for potential investors but Matt really has come In first place in the impact he has had to the current shareholders back a year ago and continues to be a a real class act ?? and an embarrassment
Haha he could always use the revenue source in order to pay off those Auctus notes . Or try the Jason alternative and pay off the notes with his own money and then use the shareholders equity and the interest rates in order to pay himself back as he’s done in the past. I mean honestly at this point there timing and execution of the news releases has been awful . They release one article at a random time in the morning , assuming for a second that I am Jason and Matt , whom always think their crap ?? don’t stink and that they are the leaders and well known for their achievements, when in reality it’s far from the case and they don’t even have the common sense to rethink their views and ask themselves why do the press releases have little to no impact on the retail investors and what happened to all that appeal factor that they’ve been going on about and how the higher the price of the stock is the more Appeal and attractive it will be for the retail investors. So , do I see anything that those two idiots doing as being an effective tactic? Nah , honestly they’ve continuously proven to lower the bar for standards down to the floor and their is no hope for these two without some much needed intervention
Yeah what I am having a hard time understanding is why they found it necessary to plan this additional 1:8 rs back on January 6th . And why they waited till March to do the 3rd rs . I mean it’s hard to comprehend what they were even thinking about in January when they preplanned this rs
Haha what are you talking about . Jason thinks he is the leader in all things data security related . Did they honestly think that retail investors would be interested in buying shares at 7 dollars but not when it was in the dollar range and buying volume was going dry as well . He must come to terms that his IR representative is worthless and useless . Matt needs to get the hell out of there and maybe just maybe Jason can hire a competent and productive IR representative. Because Matt has literally scared everyone away . Even though he hasn’t responded to any of the shareholders for the last 8 months , it was all the wreckage that he left along the way prior to going quiet. The company treats the shareholders with hostility and disregard and this is what happens or the cause and effect predicament.
Well I’ve seen a few otc companies such as brtx , sbfm , and celz that seemed to do a rs and also file a cert. in the Edgar filings the very next day . And it literally happens within a day or week after they go through a rs . So what I am having a hard time believing is that they have actually filled out the paperwork and application for the Nasdaq board to decide if they are approved . The Edgar filing in regards to physically filing the application process would show up under cert. . But nada so far .
Damn , that is some manipulation bs that occurred . I purchased those shares that showed up an hour after the market closed at around 2:00pm . The two stooges (Jason and Matt ) are literally screwing with the stock prices and they think it’s not bad enough that shareholders are down massively on their positions but to jab us with a fork and Continuously twisting it . They have had the same exact patterns of lots of 1 shares prior to their past rs and also afterwards . It’s as if they get a rush from screwing with peoples money
Yeah and he continues to complain about how much more funding and capital that the blue chip stocks and companies receive as if that’s a justification as to why he deserves to work with more funding sources to achieve his master plan . But it’s totally irrelevant in the bigger picture
The rinse and repeat methodology for Jason is flawed if that is his intent . Since the rs doesn’t change the actual market cap one bit . So the rinse and repeat and the rs will only expedite the process and obliterate the market cap much sooner
I don’t get why they would have to go through another rs yet again to achieve the offering objective . The offering price was tbd but also added it was at 4.15$ and maxim would be the broker . But why did the company decide to not inform the shareholders of the rs ? I mean that doesn’t bode well with the companies ability to be considerate and transparent with the shareholders. I just don’t get the need for a rs at this moment and as most people already know, the only thing suppressing the stock price is Jason’s uncanny ability to not allow the stock price to move organically. Because he always seems to be wanting more and more money . And less and less retail investors appeal or interest. Also how will this impact the share structure too ? It only shows the ratio of the rs which is 1:8 but not the share structure change
Yeah they could have done things so much differently and reduced the rs ratio . If they canceled the rs as many have seen has an instant and immense impact on the stock price or even put out a press release stating they were waiting till the stock price hit above .01 before Doing a rs . I mean literally countless of things could have been done . As you saw with fomc today and many other companies that chose to cancel the rs . But for some reason Jason and Matt clearly didn’t care about the rs ratio or how it would effect the shareholders
Haha yeah and as the price goes up I’m sure you cant resist selling
Hey bubae you should also consider the fact that they went from only providing services for 3000 customers in over 100 countries last quarter to currently providing services for 40000 customers in over 100 countries. So folks can only imagine the revenue for this quarter will be massive since they’ve grown to provide services to over 13 times their previous customer base
Or analyst coverage as he and the company has claimed and touted countless of times . I haven’t read an analysts input as of yet.
What do you mean could be good . It’s always good , especially when cyber warfare is a common tool that is used for propaganda and misinformation highway . Also information and the internal information specifically is a very valuable commodity. Hackers will always be an ongoing threat and Jason can use all of these existing issues and ever growing problems that so many companies are dealt with on a daily basis. But then haha you’ve got to consider Matt and Jason into the equation. And it’s their fault that the companies appeal is and has been at an all time low . And I still am dumbfounded that they think they don’t have to cater to the retail investors along with the existing customer support services . But they are only focused on pleasing the customers and having absolutely nothing to do with the shareholders and publicity to make it appealing for others . They produce a great customer retention rate and are building upon their previous contracts and bringing business from the fintech and financial firms . But then I have to ask myself , how they manage to get multi year contracts with financial firms , but aren’t able to get any of them to show the same trust that they have shown with the product lines and buy an insider position in atds ?
Centurion was only making just over a million dollars in revenue and that was based on unaudited results and also didn’t account for the companies expenses either . I would imagine that centurion would have needed some form of assurance in regards to the funding ability of which the company must have provided something with much more substance , especially with the fact that a large chunk will be paid over a 5 year period. So I am under the impression that this acquisition was based on much more than atds and its current cash flow situation. Because if it were based off of that then I would highly doubt that the deal would have ever been completed . This is just my personal opinion and an upfront payment of 250k is all fine and dandy but it wouldn’t account for the assurances and the ability of Atds being able to produce the remainder of the 5 year contract obligations. So I do believe that centurion was provided more reassurances to get them to sign the contract .
Hmm. It’s truly hard to determine if 2.9 million to buy centurion was worth it . Jason mentioned earlier that they had 1 million in revenue . But it was unaudited and also not included in the 8k , but I was expecting for the acquisition to be in the 1.8-2 million dollar range . Not 2.9 million for a company that only has a limited amount of products to offer .what are your thoughts on that bubae ?
Daily fix unfortunately. You know he has an endless appetite
I am pretty sure the hedge fund will be almost finished with this carnage . The bigger question is if Jason has taken on more toxic loans since the last quarterly report. I mean it seems as if the terms of the loans are too good to be true for any recipient . He seems to include all of the tax return expenses as part of the agreement and another example why he has no business taking on any role in regards to any accounting activity whatsoever. Also the loan amount from the hedge fund said it was 3850,000 and wasn’t sure if you caught that too , but I am quite sure that you saw that . The million dollar question or the 700k question is what the heck is he using the funding for ? The company has over 20 employees and a market cap that is rapidly deteriorating by the week . And seems like an everyday pattern of volume activity and the bid is always as thin as paper and the ask is always stacked up . He doesn’t have to be a genius to figure out that this type of activity isn’t sustainable long term let alone short term
Well hell I know what you mean but it’ll be a tough task to find someone that special to be honest with you . Everyone will be way over qualified than him and that’s a threat to Jason
I mean damn he must at the very least comprehend that they don’t have enough of a market cap to pay off all the lenders at the moment . Which would lead me to believe he will be forced to put out some press releases sooner rather than later. But no one wants to hear about how they are the leaders and this and that . The price has dictated otherwise. He can’t seem to use the funds he receives from lenders towards fulfilling the uplisting narrative . Don’t know why or what the malfunction is . But he does understand that it doesn’t cost that much to hire board members and a cfo . It’s more of a situation in which he doesn’t want to use it towards those additions and much rather pocket the money . As long as he has it his way . And always seems to play victim and the need for more funding as a going concern . He does realize that since he has full control of the company that all the blame is no one else but his . He wants full control and that means full responsibility
I mean damn he must at the very least comprehend that they don’t have enough of a market cap to pay off all the lenders at the moment . Which would lead me to believe he will be forced to put out some press releases sooner rather than later. But no one wants to hear about how they are the leaders and this and that . The price has dictated otherwise. He can’t seem to use the funds he receives from lenders towards fulfilling the uplisting narrative . Don’t know why or what the malfunction is . But he does understand that it doesn’t cost that much to hire board members and a cfo . It’s more of a situation in which he doesn’t want to use it towards those additions and much rather pocket the money . As long as he has it his way . And always seems to play victim and the need for more funding as a going concern . He does realize that since he has full control of the company that all the blame is no one else but his . He wants full control and that means full responsibility
Matthew Abadante Is in the same class as Jason . He is being paid to represent the company in the IR role . But the issue is he doesn’t respond to anyones emails or phone calls . And is just as out of touch with reality in regards to shareholders sentiment . As most can tell from the press releases and posts on twitter in which Matthew is the one who writes them . So Matthew is very much as bad and shady as Jason . But yet Jason allows Matthew to ignore all emails and phone calls that he receives from the shareholders. Their narrative for the uplisting is definitely coming to fruition haha .
Haha . But he still thinks that they are the leaders in their sector and that they provide services that don’t come close to their competitors. My ass . And I guess we’ve got one note holder paid up to date for now . But how many more notes will Jason issue and the quality of the terms or the terms of the notes . He seems to always exceed my expectations unfortunately it’s how low can he go . I am sorry but how delusional does he have to be ?
Their has been after hours trades each day for the past couple of weeks . Luckily this after hours trade wasn’t way below the actual bid and ask price . So haha that’s something .
Well the fact that Jason hasn’t provided the shareholders with some support via press releases during these times of massive note conversions is maybe an indication that he has absolutely nothing to release . They used the conferences as press releases last month and had absolutely no impact on the stock price. But yet they still repeatedly released the same exact updates of the conferences. Their IR representative hasn’t responded to any of the shareholders emails or phone calls in over 4 months and yet Matt still seems to be getting paid and serving the role as the IR employee . Jason and Matt have stated and mislead countless investors Into believing that the company is in the best position its ever Been and If that’s the case , well then that’s just pathetic . Jason has of course used the funding that he has received from the lenders on god knows what , but didn’t use it to hire board members and a cfo to fit their narrative in regards to the uplisting . But of course added in the last quarterly report that in order to hire the board members and so on they will need more funding . Haha , it’s not as if he hadn’t already received well over a million dollars maybe even over two million dollars from the lender thus far . What he used the funds for and this rapidly too is beyond my comprehension. Maybe he will try to pull the same bs as he did last quarter and lend 360k to the company of which their is absolutely no proof of him actually even lending any money whatsoever to the company that he runs . And then get reimbursed by his own company and then some . He is profiting from his so called lending his money to the company . Haha it’s rather humorous that he gets reimbursed 12k more than he lent to the company . I feel as if it’s more of a share selling scam or business model at this point . Their seems to be no real indication that he is using the funding for actual business related purposes. Since if he was then it would have been very simple to use 30 percent of the funds or less to hire all the required positions In order to approved by the Nasdaq in the first place . And the terms of the loans are absolutely in no way shareholder friendly terms . But of course used that rationale for the rs . He can’t seem to be able to do anything right and Matt is definitely complicit in Jason’s activity. I mean for god sakes brtx was able to make their rs and goal to uplist to the Nasdaq attainable within days after their rs . And now are trading on the big boards . But Jason haha it seems his idea of imminent is a very wide range from 5-12 months or longer . That’s not imminent more long term strategy .
Yep and seems like they are doing what they do best . Taking it down and suppressing the stock price and just buying more shares at a much lower price range
This seems to look like the actions of a hedge fund that Jason agreed to borrow money from. From all appearances
I mean damn Jason . Haha these 100k loans is counterproductive and makes no sense. And the terms of these notes seem to be everything under the sun . They can convert at any moment if they feel like it. But maxim group isn’t going to purchase 10 million dollars worth of shares if they continue to issue notes at a better discounted price range. At this point I think he assumed that most shareholders would just sell for a massive loss and move on . But like I’ve said his thought process and mentality is quite worrisome to me . He has absolutely no interest in building a shareholder base and appealing to the retail investors . I mean with his egotistical behavior I am surprised he hasn’t taken this company private. Since they are as he says the leaders in the sector and provide services that eclipse any current options that are available. But is living in a fantasy world in which things start to get too real only when he is desperate for funding
Well it’s the same behavior or mentality he has as the victim needing more funding and more funding in order to keep his pipe dream alive or the company . And at the same time isn’t willing to keep into consideration of the current balance sheets or having legitimate priorities. Spending thousands and thousands on these conferences and especially the ones in which they spent to be able to book a live showcase . He has absolutely no knowledge in accounting at all and thinks he is trying to add value to the shareholders. Is rather ironic to me . His priorities seem to always be to get the loans and as many as he can possibly receive regardless of the impact it will have in the further need to dilute the shareholders equity. In which he has clearly provided his true mindset and mentality. But to think that the market cap being at around 1.7 million and dwindling at an increasingly fast pace and to not assume that no lenders will care if their is an issue with the liquidity of the companies market cap , is rather delusional and impractical. He needs to focus on providing value with the products the company already owns rather than adding more and more products in which they don’t have the funding to be able to capitalize on nor the time either . He’s got over 10 products and thinks these acquisitions are just a game for him and assuming the more they buy the more they will be able to grow is insane .
I mean damn. Doesn’t he realize that the amount of money that he lent to the company is 13k less than what he was paid back . He received 13k more dollars for lending his own money to the company and for what exactly did they use the borrowed money for ? Nobody knows . Did he really charge interest on the money he lent his own company. Who does that ? And then whines about needing more money . He is making himself look very shady . Maybe it was for tax purposes but definitely something that needs to be looked into and it looks like it could be his way of laundering money through the company. That was my first impression , when I read it . And then I was like could he be this naive
Yeah I was rather surprised at the excessive amount of loans he managed to tally up. The hedge fund company doesn’t even have to pay taxes on their profits . I’ve never really seen that before and I assume he is using shareholders equity to pay the difference in taxes for them . I mean who does that ? And the notes contradict his and Matt’s rationale behind the rs and the uplisting agenda . And of course it’s the same story as before . Jason always seems to always need more funding . They stated that they were in the best position than they have ever been in order to uplist and also will be able to access shareholder friendly loan terms. Which were both absolutely contradictory in the quarterly report. And also has concerns that if they can’t raise more funding then they won’t be able to afford to add a cfo and extra board members . And I was thinking about what the hell he has been spending the money that he has received from lenders . And seems to leave me confused as to how he thinks he can explain this situation away . And if they are desperate for funding then maybe they should prioritize and not spend the money to participate in these conventions . And did you notice the part in the filing in which he adds that he lent some of his own money to the company and that he got reimbursed for that ? That’s some sneaky stuff right there . But their entire rationale has been based off of false intentions and agenda . Right now it’s just a share selling scam and seems as if he needs to be held accountable for providing a false and baseless narratives .
He is also issuing notes to a hedge fund ???????. For some odd reason that doesn’t provide much information about . But he has been focused on signing new loans and if I recall he added 4-5 new lenders within a very short period of time and yet seems to somehow use the funds that were exchanged for convertible notes instantly and I mean instantly. He provides the lenders with some of the worst shareholder friendly terms and then complains that the company would need to raise more capital and equity in order to succeed. Which is very precious . We just paid off 10 million derivatives of notes and he has already diluted the stock ever since the rs happened . Like literally a day after it occurred and decided why not get Auctus funding to be a lender and. Receive 800k in exchange for a massive amount of shares at an exercisable price of 4.20 and were converting around 80k worth of notes within the first month of the rs . And adds a few other lenders at of course massive discounts on their convertible notes in exchange for receiving funds that were 100k here and there and then added the hedge fund to top it off . And was amazed that they didn’t wait to finalize the deal until after the 10q was released . But also adds in the 10q how they want to hire a cfo and board members but will need more funding in order to be able to pay them . Which at that point came to the realization that he used all of the funds that he has already received and chose to change his prioritization list and move adding a cfo and the rest of the board members further down the list
Hell i even released the updated website and also all the conferences that they will be participating in a week before they actually put out a pr regarding the updated website and also the conferences. So it was already posted on their calendar for quite sometime now and the website was updated like a week in a half before they put out a damn pr about . So I shared all the information with folks because I had no damn clue that they would use it as pr worthiness . And they seemed continue to outdo my bar of standards. Which is almost to the floor and yet they seem to lower the bar each and every time . It’s a damn riot I tell you haha
I would assume that Jason is more focused on taking on new lenders and even a hedge fund . The hedge fund somehow doesn’t have to pay any taxes on their return . Which is rather odd , since someone has to pay for the difference . Also did I catch a 3335,000 $ in the term of the loan too haha . Did Jason think that looked accurate or did he think it was Nasdaq quality at the very least ? I am now assuming that the offering is not in plain any longer . Since they seem to be issuing convertible notes to pretty much anyone who is willing to provide him with money and doesn’t seem to think that their should be any clear explanation as to the dilutive impact that it would have on the shareholders. They didn’t seem to provide much or any update or progress report on the uplisting in the 10Q . And as always noted multiple times that funding was vital and a going concern . So what’s new ? Nothing much but the same old Jason and Matt pulling the same old uplisting and rs agenda without actually having any intention whatsoever of ever successfully achieving it . He has spent 80k to be able to have a stand at a previous conference and I am sure the rest of the 80k was to interview the actual successful members of the cyber security community. Money well spent haha . And also why does it seem that the value of the products never goes up ? The value of these products should increase , especially if there is newer contracts increased membership and demand . Right?