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Ozsc. The two companies are at different stages of the scam. AITX is ending the third cycle, and entering the forth. OZSC is in the second ( I think ). I suggest you browse the FIN, it’s all there.
Hi thanks for your question, I will try to answer
The number to look for is 9,471,445
But also the toxic debt paid ( also 9 million plus) they paid and took out new. Another 11 million
First, the way the notes are presented in the Fin is designed to mislead ( AITX provided I nice tabular output that I’m sure will disappear soon)
When talking about my term ( Toxic Debt ) .. Companies call it ( Convertible Debt ) .. Accountants it’s ( Derivative Liability). Lv3 is the very worst..
Page 12 and another (not posted on 13) next several is note activity
June 30, 2020 Derivative
Liabilities Total
Level I $ - $ -
Level II $ - $ -
Level III $ 9,471,445 $ 9,471,445
And also this which I think tells a better picture, as it shows toxic debt been repaid, but also new toxic debt to replace it.
A summary of the activity related to derivative liabilities for the six months ended June 30, 2020, and the year ended December 31, 2019, is as follows:
A summary of the activity related to derivative liabilities for the six months ended June 30, 2020, and the year ended December 31, 2019, is as follows:
Balance- January 1, 2019 $ 1,199,514
Issued during period 1,460,123
Converted or paid (850,248 )
Change in fair value recognized in operations 653,551
Balance- December 31, 2019 2,462,940
Issued during the period 11,953,787
Converted or paid (8,627,804 )
Change in fair value recognized in operations 3,682,522
Balance June 30, 2020 $ 9,471,445
I hope this helps. Please reach out if you need clarification, we are all learning
You are right, not funny.. Its sad. It is also something else.
Predictable
Having watched AITX for over a year, seen and predicted both the last and the next RS
I am not an all powerful sage, last March ( stock $1 ) I predicted 0.001 / NOBID by September.. OK slightly out, but be fair it dropped 99.95% not the 99.99% I predicted.
This was not based on the Stars or some crazy stock chart, it is simply telling what I saw before. What is to come is already the past.
You can play too. After the next RS all you have to do is predict another 99.99% drop. You will be astounded by those that tell you your wrong.
What is fake please tell me.
OZSC has had zero revenue for six months and very minor for the six months before that ( under 50k from memory )
OZSC has a 40 million + Accumulated Deficit
OZSC has 9 million in Toxic Debt
Tell me which is wrong
But OZSC has Zero Revenue and near Zero Cash. And 40 million in debt.
Where does that money to grow / invest come from.
He is not wrong, he is 100% correct.
I congratulate you on your own company, I politely point out the finances are probably nothing like OZSC.
Here is a thought, when diluters get their discounts it’s based off the lowest price in the last x number of days ( dependent on the Toxic Note ). If you look at the PPS you see these deep drops. Are those to get a lower strike price.. let it drop, hit the low , pop it back where it is.
That is obviously true, and I will add this.
The point of this is for OZSC / PPP to develop new solutions and act as reseller for each other’s products.. these don’t exist today. OZSC has ZERO funds. Even if this were a genuine deal, nothing for the first couple of years. It’s a complete nonsense.
The real giveaway is actually the 8K. Read it with the mind it’s a fake deal. There is nothing in there that in five years time and zero revenue, you could accuse it of a lie.
I class this as complete rubbish... but what do I care
I actually wish you luck, they are all thieves and deserve what they get. You may not like my posts, but on this we are on the same side.
I am anti Toxic Dilution and serial scamming of investors by the same offenders.
Perhaps to only real difference in our beliefs is that I believe Brian Conway is front and center of this SCAM
Yes, but maybe a while.
When it gets to 0.001 / NOBID, it’s a broken stock. Diluters can no longer dilute as nobody will buy.
The OS is sort of irrelevant, as long as it isn’t over 5 billion ( The AS )
Once it’s NOBID an RS becomes inevitable. It maybe announced sooner, to prevent a period where the note holders can’t dilute.
This will be the 3rd RS for AITX ( 4th if you include OMVS )
Very sad for the investors.
As the issue of prosecution was brought up. Maybe Brian Conway should be very carefull
As a known serial offender when it comes to Toxic Lending, and working closely with the Toxic lenders, you can bet the SEC are watching him very carefully.
https://www.sec.gov/litigation/litreleases/2020/lr24886.htm
Its not slander if its true... what I have posted that isn't 100% true.
OS now over 1 billion. 1,016,377,599
77 million converted in one day.
One correction
The Director who went on the run was from a different company that was the so called Mastermind..
NEW AGE FALSECEILING PRIVATE LIMITED
Implied they were working with PPP ( and possibly others) to defraud the Indian Tax system.
The so called $124 million deal
The recent PR followed by 8K looked promising on the surface, but as soon as you look closer, it quickly falls apart.
First off, its a joint development agreement, nothing more. There are no orders / invoices or in-fact revenue of any kind. Yet they do state ‘future revenue’ predicted to be $124 million over 5 years. That is a very precise number considering they haven’t even developed the product yet. A quick look at both the companies, should leave you VERY concerned
OZSC - CEO Brian Conway a known serial scammer in cahoots with the Toxic Note Lenders.
OZSC has not had any revenue for 6 months, has a deficit of over $40 million. Has toxic note liabilities of over $9 million. Virtually zero working capital that isn’t funded by yet more toxic debt (From the June 2020 Fin)
PPP - Vikas Bhamburdekar (Managing Director / CEO)
An Indian micro company with just $2million capital. Currently under investigation for creating over 30 fake invoices to cheat the Indian tax system. The CEO was arrested, and assumed to be awaiting trial. A Director of the company absconded, and assumed to still be on the run.
"Aurangabad, the taxpayer was found to have taken fraudulent Input Tax Credit of approximately Rs3.04 crore based on 30 fake invoices without actual receipts of goods. Availing such fraudulent ITC is a punishable offence under Section 132 of CGST Act, 2017 for which Bhamburdekar, managing director of M/s Precision Power Products (I) Private Limited, has been arrested,” an official statement issued by DGGSTI read."
Manoj Shashiprakash Gupta, Director of the company and allegedly the mastermind behind the entire modus operandi is absconding.
https://www.thehitavada.com/Encyc/2019/8/21/DG-of-GST-Intelligence-arrests-two-tax-defaulters-in-two-days.html
https://www.google.co.uk/amp/s/m.timesofindia.com/city/aurangabad/industrialist-arrested-for-submitting-30-fake-invoices/amp_articleshow/70775326.cms
The Arrests were in August 2019, so very recent. It is not known when the court date is, or what the penalties could be.
Point me to the record that says not guilty...
As I said, I don’t believe it’s even reached court yet.
He was arrested in August 2019
Probably not convicted yet, even if he was convicted, I have no idea what the sentence would be.. It could be a heavy fine. These things take years.
I don’t even know if they found the runaway director....
Better question. Why is OZSC dealing with a micro company with a criminal CEO
I think it proves more about OZSCs own CEO than some would care to admit.
Another open ended fake deal.. these will come to light over time.
Nothing is as you think it should be with Brian Conway in charge.
Zero revenue, new toxic notes ( 9 million worth )
Its a scam, basic DD shows it as a SCAM.
I assume most of the pumpers here are also on Waypoint, why not ask there.. paste the links.. see what they say, you could even ask the CEO, ask him if what i have posted is fake.
Of course its real, I have linked to two independent respected news outlets in India.
Does anyone think the ‘non existent shorters ’ of OZSC have bought out multiple NEWS outlets just so they can print a fake story.. A story that could be easily debunked if not true.
An arrest would be on public record.
From arrest to trial could take 2-3 years.. ( especially over covid ).
Anyone looking behind the curtain can see quickly what is going on here. OZSC is a SCAM company, it always has been, and will continue to be until the SEC stops it.
Brian Conway should be in Jail for what he has done, that man has inflicted misery on so many investors, using fake PRs and getting into bed with the toxic lenders. He is a serial offender. Every stock he is involved has done the same thing. OZSC is just another in a long line of SCAMS.
An excellent article from the TAAL CEO.. a glimpse into the future.
https://www.taal.com/blog/2020/the-resolution-of-the-bitcoin-tokenization-experiment/
OS 939,821,333 another 15 million added on Monday.
Here is another article on the arrest of the PPP CEO
https://www.thehitavada.com/Encyc/2019/8/21/DG-of-GST-Intelligence-arrests-two-tax-defaulters-in-two-days.html
The CEO of PPP was arrested
The Director went on the run ( as far as i know they are still looking for him )
Read the article
https://timesofindia.indiatimes.com/city/aurangabad/industrialist-arrested-for-submitting-30-fake-invoices/articleshow/70775326.cms
This is not OLD stuff, the CEO of PPP was arrested for tax fraud in August 2019. The company was also investigated for reporting false invoices, which I assume was some sort of investor scam. At just one year ago, these would both be still going through the courts. ( especially with the Covid delays )
How anyone can think this is unimportant ( old news ) is beyond me.
Brain Conway is a known serial scammer.
The CEO of PPP was arrested for Tax Fraud ( the director went on the run )
The PPP company is under investigation for creating false invoices.
If this doesn't ring alarm bells, i don’t know what will.
It is look up the company info.. he is the CEO
Here is a link into the criminal investigation on the CEO of PPP ( apparently he was on the run )
PPP was / is also under investigation ( August 2019 )
https://www.google.co.uk/amp/s/m.timesofindia.com/city/aurangabad/industrialist-arrested-for-submitting-30-fake-invoices/amp_articleshow/70775326.cms
Also remember the so called $124 million deal is between 2 companies
OZSC, a 40 million accumulated deficit, 9.5 million in toxic debt ( June 2020 ) and ZERO revenue in the last 6 months.
PPP a micro company with 2 million total funds, apparently been investigated for fraud ( or at least the CEO is ).
I think we can safely say the $124 million does not exist, it’s just another Brain Conway lie.
That is a good question...
To a point it can be worked out from the FIN.. see what’s still outstanding, and what’s about to go into default.
When the next fin is out, the picture should be clearer.
As of June 2020 there was zero revs, 9.5 million in toxic debt and over 40 million accumulated debt.
The only thing keeping this afloat is the ever increasing debt. It will not end well.
Oh yes there was. Hundreds of millions of shares that had converted in August were dumped.
True the OS didn’t change, but the 9 million of NEW toxic notes will soon sort that.
Misremembered 12 million of new liabilities not 6 million.
Over the 6 months just under 12million ( 2.5 was paid off ) 9.5 million the difference.
Balance- January 1, 2019 $ 1,199,514
Issued during period 1,460,123
Converted or paid (850,248 )
Change in fair value recognized in operations 653,551
Balance- December 31, 2019 2,462,940
Issued during the period 11,953,787
Converted or paid (8,627,804 )
Change in fair value recognized in operations 3,682,522
Balance June 30, 2020 $9,471,445
End of December 2019 there was over 2 million of Toxic Notes outstanding
In Feb Brian Conway announced all toxic notes had been cleared by agreement.. no more note dumps. ( essentially they all converted, and that it what we are seeing in the volume today )
But, if they are cleared we are done right?.
Nope, you need to understand the Brian Conway Business Model. He took out another 6 million of NEW toxic debt to service the 41 million deficit.
They will soon default, and the OS will climb like never before.
OZSC is a SCAM
Accumulated Deficit 41,436,232
Not bad for a company with no revenue....
It’s a LOT worse than that... look the debt. For a zero revenue stock it’s unbelievable.
The only thing keeping this pig alive are the endless toxic notes.
Same model for all of Brian Conways SCAM companies
NEW ALL TIME LOW..
0.0013 . Just 3 steps left.
0.001 / No BID .. called in March
SCAM STOCK
Shares were all converted in the previous month, but still dumped throughout September. Thats why the PPS dropped.
No, but hundreds of millions were sold. The conversion was the previous month
No short selling on this or any other OTC stock under a dollar.
Short interest on OZSC like all sub penny’s will be near zero. The few there are, will be normal trading volumes from the MMs. Typically these are normally under $10 in value... Hardly short squeeze territory.
Short VOLUME is something else.
The short sale volume percent (not short interest) for stock ticker OZSC is 20.11% on Oct 01, 2020. The short sale volume is 68,117,974. The total volume is 338,755,276.
This should NOT be confused with short interest, it’s more an indication that the MMs are struggling to find buyers quickly.
From Google....
Whereas the term “short volume” measures the number of shares that have been shorted over a given period of time, “short interest” represents the number of shorted shares that have yet to be closed out or covered by investors. ... The larger the ratio becomes, the more outstanding shorted shares have yet to be closed.
If you are thinking of shorting the OTC. You will find it difficult if the PPS is low ( under a dollar )
https://finance.zacks.com/options-short-selling-penny-stocks-11785.html
To be clear, if you want to short $1000 of OZSC. You will need about $350,000 in you account as cover.
Read section 4 especially, The SEC are coming down hard on these Toxic Diluters / P&D stocks. OMVS is one of the most renowned. You can bet they are looking at it closely
https://www.sec.gov/litigation/complaints/2020/comp24937.pdf
The clock is ticking.
Posted this on another board, but is very true for AITX.
Now we seem to be getting OS updated every day, on the 1st Oct it jumped 50 Mil in one day, yet the volume the previous day was way below 50 million. How could that be ? ( Read below )
Conversion of the toxic notes is a 2 stage process.
1) notes in default convert into new shares. These are mostly at a 50% discount. The OS goes up more or less as soon as they convert.
2) they sell those shares into to retail buyers, which is when they show up in the volume.
Over the last month, the volume had huge note selling (step 2) and the PPS drops as a result.
It is unusual for them to hang onto the shares for long. Normally they convert / sell within a few days. As such seeing high volume is normally also associated with the actual dilution. However if the OS is updated daily, you can’t compare volume day to day.
For AITX they seem to be converting about 50 million a week
Selling to retail on average 10 million a day.
Obviously that could change either way over time.
I confess, that did surprise me as well, but be careful, you need to understand how it works.
Conversion of the toxic notes is a 2 stage process.
1) notes in default convert into new shares. These are mostly at a 50% discount. The OS goes up more or less as soon as they convert.
2) they sell those shares into to retail buyers, which is when they show up in the volume.
Over the last month, the volume had huge note selling (step 2) and the PPS drops as a result. What the OS tells us is they did not convert anything ( step 1 )
It is unusual for them to hang onto the shares for long, ( the month they did is highly unusual). Normally they convert / sell within a few days. As such seeing high volume is normally also associated with the actual dilution.
I also notice they cleared a lot of the old notes, and took out a LOAD of new ones. The next Fin will show what’s ready for conversion + the interest / discounts applied.
The clearance of the old notes maybe linked with that clear down / repurchase.
Be in no doubt OZSC is a toxic mess.