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Well the rules may have changed in the last couple of days without my noticing? Best to wait for the regulators to take action I guess. Someone has probably already alerted them?
Yep...aren't cross trades and wash trades 'illegal'??
"These PRs are fluff for the conversion holders to sell their shares."
Very 'astute' observation IMO!
LOL...most likely next move could be a trading suspension IMO?
Of course not - SIML has received no money to pay off anything. It's a SCAM...get it?
Best to get out with a small loss than a tombstone.
GLTY and JMO
"You think they're going to walk away without having issued the remaining 10b shares?"
Those shares are likely all being held in reserve against the existing ECOS notes and Warrants (based on conversion at the current SP)?
No notes can be converted and new shares issued until ECOS files and becomes SEC current again - This stock is dead in the water and note holder Fife is SOL to ever getting paid on his delinquent notes.
GLTA and JMO
"Don't get too disappointed if the next 10-Q will again state no revenues. You were warned all along."
Exactly...OTC PINK stocks like SIML do not have to supply 'audited' 10-Q's (only their 10-K's must be audited) which means it will be March 15, 2020 before the 2019 audited 10-K is even filed and shareholders receive any real 'verification' of revenues by an auditor.
During that's 6 month 'dump period' SIML can continue to sell as many new toxic notes as they wish LOL?
Then if the current 'orders' don't work out as planned, or get canceled, the SIML share price will likely go to no-bid and require another R/S to keep the doors open and the lights on.
SIML (Scott Sand and his minions) already have a long history of disappointing shareholders, so it won't come as much of a surprise to many.
GLTA and JMO
What was the date of delivery scheduled for the first machine? Wasn't it to be delivered in Q-2?
What's the status on that?.... It's almost October.
Where is there any statement or document from SIML that was made available to ALL shareholders that covers the terms you 'suggest' in your posts???
Tranches??
Have you seen a copy of any of their definitive contracts?? If so, please post a link to any extensions filed with the SEC showing the terms of those contracts.
TIA
Yep... and it's not a crime to fail at business LOL.
Peeps are waiting on 'verification' of the supposed 200 million dollar order. Selling will continue without it IMO.
'mick' claimed he had it and was asked to post it?
Peeps are obviously still waiting on him?
"How come the OS has slowly been increasing on this one?"
Because SIML is nothing but a pinky share selling scheme for the enrichment of insiders...DUHLUTION! They have nothing else to sell but shares and lies. Pictures of their actual Grass Valley share printing factory are in the IHUB intro above.
GLTY and JMO
"This stock has one of the best potentials for massive run"
If it was only about 'potential', all stinky pinky companies who use toxic (death spiral) financing to finance their operations would succeed, instead of NONE OF THEM.
Stock 'runs' are created by financial predators and have little to do with 'real business potential' lol?
GLTY and JMO
"No one with a healthy mind can believe that."
Well said!!!
Yes, and it appears that SIML and/or their transfer agent are now in violation of the rules IMO?? Their Transfer Agent is on the OTCM's list. Updating was being done automatically from the daily feed and then apparently changed by somone?? Is someone trying to hide the dilution from shareholders?
https://www.otcmarkets.com/corporate-services/transfer-agent-verified-shares-program
LOL….SIML #1 on the 'Breakdown Likely' board.
Sand was never the CEO, or any other officer, of SIML?? You should brush up on your falsehoods. He received a 'permanent BAR' from penny stocks in 2009 by the SEC in the Ingen scam. Please do some basic DD and stop misleading people.
If you think Sand is no longer associated with SIML, in any capacity, why are you trying to defend him on this board every day???
"Why do investors buy into this hype?"
'Investors' don't!
Only 'traders' and Pinky 'dreamers' do.
SCAMS are not 'investable'.
GLTY and JMO
Pure FICTION!
How about the verification of the contracts mick...locate it yet?
Seems to me like $4 million dollar machines would require 'down payments' that would have shown up in the last 10-Q as a subsequent event?? But hey, maybe people in Green Valley do business by handshake lol? Who knows?
"Without proof of the contracts - only 10q can do that, this garbage is done"
mick keeps claiming the contracts were 'verified', but refuses to answer questions regarding exactly who verified them and when? Go figure!
The BS is getting really deep, and smelly, in here IMO
LOL..Yep the hungry whales are here but no sign of enough guppies yet? Climate change?
The only 'REAL news' was filed on 8/30.
https://ih.advfn.com/stock-market/USOTC/simlatus-corporation-SIML/stock-news/80637639/information-statement-all-other-definitive-def-1
The huge A/S increase has been filed and the 'dilution extraction machine' has been delivered and is 'operational'. The removal of dollars from shareholders hip pockets can officially begin.
LOOK OUT BELOW!
GLTY and JMO
It's not against the law to fail at business and it does not appear to me they have violated any SEC laws to get to where they currently are (a private Nevada domiciled LLC)?
GLTY and JMO
"Ecolocap had proven that the digester makes fertilizer from food scrap and sawdust, and is currently producing 15 tons per day as of now."
What Ecolocap has failed to prove is that the digesters can produce a high end by-product that can be 'accomplished at a profit'. Who wants ordinary compost that retails for $35-45 a MT and can only be accomplished at a loss?
The doors of 'Plantonium' are closed. The JV apparently closed with them?
Siegel and Kwak are missing? Could be a blessing, or the end?
LRS has not ordered any additional digesters and there is no by-product of value?
Things are not exactly looking up? Dream on!
GLTY and JMO
"That would tell us all on how fast Handley moves on things"
Handley is not the CEO of ECOS (the subject of this board)?
What has ECOS proven, if anything?
The emotional 'need to be right' (as expressed on a message board) is one of the strongest human emotions. The 'dream' of calling the wife and kids in, tossing a big wad of bills on the couch and saying, "look what daddy did on ECOS" can override all common sense at times.
GLTA and JMO
Just answer the simple question mick..."how was contract verified?"'
TIA
This is no longer an SEC-registered company. They don't have to report, on a timely basis, to anyone other than the Nevada SOS?? This stock does not 'trade' anywhere?
Looks like no more conversions will be allowed until after the A/S increase to 1.5 billion is completed?
Sounds like your view of reality may be blocked by the lining of your colon??
GLTY and JMO
"Oh, and the Director? Here is her linkedIn.. nothing shady here either."
Funny she works in Grass Valley and lives (with Baron) in Carlsbad ???
Long commute LMAO.
His 'customer' for extraction equipment would most likely be Proscere Bioscience Inc., not SIML (and Baron Tennelle or Victoria Boltrick, not the CEO of SIML).
So he may have answered correcty to the question you asked, LOL.
https://www.otcmarkets.com/filing/html?id=13225931&guid=IreIUHnuV58JX3h
"Item 1.01 Entry into a Material Definitive Agreement
On January 9, 2019, we entered into an Asset Purchase Agreement with Proscere Bioscience Inc.., a Florida Corporation, and pursuant with the Asset Purchase Agreement that the Board of Directors has authorized; whereas the Board of Directors, with majority vote, has authorized that the Seller shall sell, assign and transfer all of its right, title and interest to its fixed assets and “know how” to the Buyer (collectively, the “Seller’s Assets”). The Buyer and the Seller mutually agree that Seller will assign certain assets, and provide the “Know-How”. The assets pursuant to the Exclusive Distribution & License Agreement dated 01/09/19 are valued at $3,000,000.00. As consideration for the assets and the “Know -How”, the Buyer shall issue, or cause to be issued, $3,000,000.00 worth of Preferred Series A Stock (PAR $.001) three (3) days from the date of this agreement. The number of shares to be issued is 1,675,978 of the Preferred Series A stock at a price of $1.79 per share and convertible pursuant the conversion rights as specified in the Articles of Incorporation for SIML. Proscere Bioscience Inc. will become a wholly owned subsidiary of Simlatus Corporation.
Proscere Bioscience is in the business of manufacturing and distribution of agricultural products, inclusive of cold-water CBD extraction technology and aeroponic grow containers for use in commercial and private cannabis growing industries, as well as government regulated food-safety growing facilities, and commercial food distribution industries.
Item 5.02 Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
The Board of Directors appointed Baron Tennelle as a Director of Simlatus and President of Proscere Bioscience, Inc., a wholly owned subsidiary of Simlatus, effective January 9, 2019. Mr. Tennelle’s Director Agreement and Employment Agreement is an exhibit to this document. He will receive an annual salary of $45,000 paid out quarterly in either cash or stock at the current fair market value of the stock at time of conversion.
Baron Tennelle is 39 years old and attended Mesa College in San Diego, California where he studied mathematics. He attended Blackstone Career Institute in San Diego to study law under a Legal Assistant program regarding real property, torts, personal injury, contracts and partnerships. His 12 years in business has afforded him the experience in working in management positions for service oriented companies, along with sales and marketing. His recent 4 years have landed him experience as a Data Analyst for Restaurant Revolution Technologies, and a paralegal for Miller Legal Llp . Mr. Tennelle will oversee the business direction and maintain core business objectives and compliance for Proscere Bioscience.
The Board of Directors appointed Victoria Boltrick as a Director of Simlatus and Vice President of Proscere Bioscience, Inc., a wholly owned subsidiary of Simlatus, effective January 9, 2019. Ms. Boltrick’s Director Agreement and Employment Agreement is an exhibit to this document. She will receive an annual salary of $45,000 paid out quarterly in either cash or stock at the current fair market value of the stock at time of conversion.
Victoria Boltrick is 30 years old and attended Grand Valley State University in Allendale, Michigan where she studied Business Administration and continued her graduate work at the University of Tennessee in Knoxville and graduated and received a Business of Science Degree in Communications and Advertising with a minor in Business. She brings 10 years’ experience in business and marketing, and has worked with Go-Capital in providing direct marketing platforms and with The Folsom Corporation where she developed process improvements to provide security architecture for their receivable accounting systems. Ms. Boltrick will spearhead the Proscere Bioscience operations in developing distribution and marketing channels to place products."
https://www.otcmarkets.com/filing/html?id=13225931&guid=IreIUHnuV58JX3h#EX10-4_HTM
GLTY and JMO
"Also they can buy shares back"
When did SIML file a request with the Nevada SOS for approval to do a share buy back?
Do you have a link for that?
Well said!
Where does anything say (or even imply) that SIML is a producer or marketer of HEMP oil ????
Your posts are very misleading IMO!
When value goes down, the self-appointed 'value investors' often tuck tail and quietly leave the house.
GLTY and JMO