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Prayers to NYC residents...
Another senseless act of terror...
Come on omvs, file the fins and let's get a move on...
Omvs
Let's get the security rolling...
who is going to take the stop sign from the otc board tomorrow and frame it, put it on the wall...
RAd only 2 months in as a public company and delinquent filing financials which most major companies do in their sleep..
but then again must give the company the benefit of the doubt..
only that will be answered when financials come out..
omvs
yes short covering when it's standing around 6500...lmao
usually short covering is convertibles hitting market...
seeing a lot of sells over buys...that would explain it...lmao
omvs
well that has been stated since the financials became delinquent
usually when someone states around 2 o'clock maybe 3pm or 2 am..
typically doesn't happen and typically looks bad..
but SR has been saying since last week anytime now, so when the fins do come he wasn't lying...lmao
but that is another story....
omvs
well SR did say last week..
that was expected then so only time will tell, but the stop-sign comes up tomorrow..
evidently there is some more convertibles that need to come before financials are released...all that old debt just piling in..
wonder what date they will use for the OS..expecting that to be at least 2 weeks old ..
just add 10 million to what they release and you will have the OS...lmao
omvs
ok, financials afterhours.............
well you never know...
omvs
think the wait will be longer...
just saying...
omvs
I thought Ir was confirming OS 130 million or so..
or maybe that's not true...
I mean financials would answer that question right off.or to a degree as to which Date they would use to the OS...
but where are financials...lmao
omvs
i'll let that slide...
it's not up to me where pps goes...quite literally..
all I am saying is wow, omvs/rad just walking all over investors at will..
but that happens all day everyday in OTC.
but let's say profitability comes around .01ish....
just kidding...but maybe not...
omvs
it's about time that investors should start finding out where the financials are...
this dragging feet and masking the dilution with the delinquency of them is compelling as to the true standing of the company...
once that stop sign appears, any type of conventional financing that RAd had been trying for goes out the window...
A company less than 2 months public with delinquent filings and financials doesn't bode well with conventional financiers..
hence the toxic ones will reign supreme for sometime to come...
going to love going over those new notes in upcoming financials, whenever they do come...
omvs
that's funny because no trade took place at .078
.079 was the lowest....lmao
omvs....
oh but the .0785 after you posted...lmao
so who is underbidding...
lmao omvs
yes that is unfortunate because that .085 support mentioned looks like what now .080....wonder if that will break soon...
omvs
STOP
if you aren't buying hand over fist today, you are SMART...
is this a healthy pull back or just profit takers before the drop tomorrow...
bake in some overdue convertibles and look at what you have OMVS/RAd.....
volume and interest waning followed by dilution and the smart money exiting...
yep stop....
going to love those financials if they ever get released....
new notes will cut the new investors off at the knees......
omvs
wow truly mistaken...doesn't happen overnight...lmao
OTC Pink No Information Logo
No Information
Indicates companies do not provide disclosure. Publicly traded companies that do not provide information to investors should be carefully researched before making any investment decision.
How to Remove the Stop Sign
A company may provide disclosure through a selected U.S. regulatory agency (such as the SEC or a Banking regulator), a qualified foreign stock exchange, or through the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure & News Service pursuant to the Pink Basic Disclosure Guidelines.
Subscribe to the OTC Disclosure & News Service on www.OTCIQ.com to make filings publicly available
NOTE: SEC reporting companies should be aware that information published through the OTC Disclosure & News Service will not be considered when determining the placement of the stop sign and the market by which they trade. The market designation for reporting companies is based solely on information filed with the SEC's EDGAR system. Delinquent filers must deregister with the SEC in order to remove the stop sign and upgrade their market using the OTC Disclosure & News Service as described below.
omvs
ok but what must one do to remove a stop sign, and how long does it take to remove a stop-sign...
doesn't happen overnight as one would like many to believe...
also what is the repercussions of a stop sign on a delinquent filer...
financing.....
omvs
again should read the regs...
just saying...
omvs
again should read the regs..
once the stop sign goes into place it is much harder to remove...
and then the guidlines are a little different on the removal and amount of time it takes...
I am thinking stopsign....
but saw that coming awhile ago....
omvs
well guess you should read the regs......
that yield sign may become something different after eom...
but what do i know...
well i do know that omvs/rad is delinquent on thier filings..
omvs
yea holding my breath on that one...
but the extension was for 5 days...
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
(a)
The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
[X]
(b)
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
(c)
The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III — NARRATIVE
The report of the registrant on Form 10-Q for the period ended August 31, 2017 could not be filed within the prescribed time period because the Company requires additional time to complete the financial statements and to prepare the Form 10-Q. The registrant anticipates that it will require no more than the additional 5 days allowed to complete and file the Form 10-Q.
yes but that's ok omvs seems to make it's own rules...
most likely will not see fins. this week in my opinion...
but one never knows
omvs......
Well if the fins ever come out j.... I
Going to love those new notes...
Thought Hiroshima was bad...but toxicity lasts for awhile...lmao
Omvs
Really...enlighten me...
You make the argument for omvs/rad...
Sway me
Omvs
Oh but wait...
No make pretend partners have invested in omvs/rad, for preferred shares...how funny...
Also omvs/rad has failed to timely file financials to which it filed thru the SEC as only needing less than 5 days to complete..even more hilarious..
Must not forget the liabilities that omvs has 18 million, wow...
But financials are still not out so who knows what it is now...
Must not forget the notes coming due at end of November to the tune of 380k..and then the new notes....yes too funny...
What is even more hilarious is there is no public, CTO orders filed thru the sec...pertaining to partners..but what tweets, vague p r's of incomplete details...like AUS...
Everyone that goes on psr network is a partner, so funny..
Yep any preferred share will be in the form of toxic dilution and terms..
Yea Can't wait to see those fins...lmao
oh this
Under international financial reporting standards, a financial liability can be either of these two items:
A contractual obligation to deliver cash or similar to another entity or a potentially unfavorable exchange of financial assets or liabilities with another entity.
A contract probably to be settled in the entity's own equity and that is a nonderivative under which the entity may delivery a variable amount of its own equity instruments, or a derivative that probably will be settled other than through the exchange of cash or similar for a fixed amount of the entity's equity.
Examples of financial liabilities are accounts payable, loans issued by an entity, and derivative financial liabilities.
yes so it is 18 million in liabilities thanks for the clarification
omvs
can't wait to see how that looks in the financials coming..
fun fact
A General Rule In Life for Individual Investors: Avoid Speculative Derivatives, Both Directly In Your Own Portfolio and on the Balance Sheets of the Companies In Which You Invest
While individuals and families who have a substantial net worth might intelligently deploy certain derivative strategies when working with a highly qualified registered investment advisor - e.g., it might be possible to lower taxes and hedge against market fluctuations when slowly disposing of a concentrated stock position acquire over a long life or service for a specific company or to generate additional income by writing covered call options or selling fully secured cash puts (you can learn more about that topic here, too), both of which are far beyond the scope of what we are discussing here - a good rule in life is to avoid derivatives at all cost in so far as you are talking about your stock portfolio. I cannot tell you how many people I've observed go bankrupt or wipe decades of savings off their books after buying call options in an attempt to get rich quickly.
The same goes for investing in complex financial institutions or firms. If you can't understand the derivative exposures of a business after digging through its disclosure documents, you are probably better off avoiding it. That is, I'd go so far as to say you probably shouldn't invest in its stock nor should you buy its bonds but, again, as with employing derivatives yourself, that is something you and your investment adviser will need to decide together after taking into account your unique needs, circumstances, and risk tolerance.
The Balance does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.
Yep at time of merger OS was at 97 million...
Now it's at 130 million or so less than 2 months in...
Nope no serious dilution there...
30 million new shares in less than 2 months diluted...lmao
the 380 k note due Nov 30th . Of which we know from previous filing coming due...
Now financials way overdue although omvs/rad filed an nt10q stating they only needed no more than 5 more days to file...lmao...
Oh yeah, per Oct 4th pr getting 2 rentals for deployment to it's first client by the end of the month...still lmao..
Must not forget the liabilities also from last financials...wow completely lmao...
Omvs/rad so unable to deliver...
Oh but wait the dilution yes omvs/rad does deliver dilution on a large scale...
Can't wait for those financials...
Wonder if the lawyers still want the TA gagged, lmao...
Yes whole gotta toxicity, Can't wait to see the new notes...lmao
Omvs
Don't need no links...
Just need to know how to read financials and SEC filings...
Yea not p r's but legal documents filed thru the SEC...lmao
Omvs
Oh wait there are no up to date financials...lmao
But the previous ones spell out everything just fine as to the dilution and inability to deliver...lmao
But we must not forget the 18 million in liabilities..
Omvs/rad will seek to raise the AS very soon in my opinion...
Financials will be very telling if they ever come out...
Omvs
Here is a link to fun facts about omvs
The fact that the OS has climbed to around 130 million from around 11 million in 6 months...
The fact that financials are overdue by 12 days since only filing thru the SEC they only needed 5...lmao
The fact that rad hasn't delivered their first rentals to the first client...
Wonder how they are going to deliver rentals with what is it 1 employee, 20 by year end, and they haven't even delivered any yet....
Oh my forgot the projections of 560 for 2018 on the Sept 14 pr but only gave guidance for 240, yet only have commitments for 62...
....lmao....
Omvs
On the contrary...
Not everyone is buying...
In fact volume and the inability of the pps to actually hold much of a gain says market doesn't believe most of omvs/rad' s misleading and ineffective pr's..
When financials ever do come, my oh my whenever the market reaction will be swift and just...
The sell-off will show how many are buying...lmao
well all I can say is the SEC regs are plain and simple, on their simple website, that pertains to material events....
so simple that most can understand them in regards to material events and non- eventful pr's...
so simple that what is a material event etc, is outlined on the simple SEC website...
omvs
fun fact for omvs
The report of the registrant on Form 10-Q for the period ended August 31, 2017 could not be filed within the prescribed time period because the Company requires additional time to complete the financial statements and to prepare the Form 10-Q. The registrant anticipates that it will require no more than the additional 5 days allowed to complete and file the Form 10-Q.
well seems like omvs/rad cannot deliver again...
per oct 4th pr working on deliveringg 2 rentals to it's first client...
no, the allied and new firm have no bearing or related...but i like the movie conspiracy theory also...
the link has already been put out to SEC rules...
whether it is a pr or not...
the SEC requires that a material event etc. that is relevant to a company be filed..period..
so the pr's that are being put out are not in all intents relevant to a material event for the company...simple...
SEC regs are there on their website plain and simple...
so any pr that omvs that is being released need only to be taken as a grain of salt as they are not filed with the SEC as the big companies do...plain and simple...
so any pr released by omvs/rad isn't as important as an 8K which becomes a legal document when filed...
omvs/rad isn't filing material events thru the SEC as required as there are no material events, just pr's...wow so simple.
the pr's are in all reality just hype and projections and the reason not filed as an 8k, so it doesn't come back to OMVS/RAD when the delivery goes kapoop....lmao
plain and simple OMVS/RAD pr's are just smoke and mirrors to mask the dilution...
omvs
Yes public forum where I may and can express my opinion, like anyone else...
Although most of my opinion may be negative, it is just that opinion..
Like any other on here....
Financials are overdue, top notch firm now RADS cap taking over after the quarter ended and still the q not filed...
Seems the prior firm should have filed the q and not Friedman, as they weren't taken on until Sept. 25ish..after q should be filed...yea...
Still a top notch firm still hasn't file financials, if they are meant too, or who is it...
That right there means something seriously wrong with financials...
Can't wait to see the fudge...
Omvs
except that it isn't debt free and the OS right now is projected around 120 million..
so 105 miillion way off, OS steadily rising and it's seems more dilution than reported is hitting market...
Now when Q is reported eventually, because we know it will with this top notch firm on it..
the real question of transparency will be as to what DATE they use to report the OS and AS, etc..
18 million in liabilities just doesn't go away...
but that is another story...
RAD's credibilty and projections isn't being taken seriously while in OMVS's shawdow.....
hell even their pr's are even spot on..guidance of 560 rentals but only 240 projected...wow so which one is it...
the number stands at only 62 commitments, 62 and yet only 2 being delivered to it's first client this month....wow
more like what should be reported in last quarter...
the q is 10 plus days late with a supposedly top notch firm that is filing it, or are they..
that is the question now, which firm is filing the q as the new firm became the CPA after the Q was supposed to be filed..
taken in to that that SR is saying that it would be out last week, seems to be also unable to deliver rental robots on time...
with OMVS's history and GP ability to be unable to deliver, SR's credibility seems to be stepping in the same direction...So who is really in charge, doesn't seem to be SR....
that is making any real investors shy away and unable to believe what SR is saying and projecting...
when the q eventually comes out and the touted projections and the liabilities outstanding still,followed by the Dilution and toxic terms of any new notes etc...well the shareholders will most definately not benefit...
even their projections are off... in recent pr of guidance in sept, Rad gave guidance for 560 rentals, but only gave projections for 240 by end of year 2018..crystal clear in the pr...SO SR projecting big and delivering real small....
lmao
omvs
so far, facts are there is no q filed yet...
anything would be better than last one, well maybe not...
dilution is still ongoing in my opinion, like how the pps went up and then came down...funny charts..not holding any real gains here...
but last 2 days has been nice I won't complain...
I imagine that Monday will be very interesting....just saying...
what was it 1.5 month run, whittled down to 1.2 maybe...
oh well time will tell...
but man someone has to really step up and buy some more and create some volume...seesaw effect here right now..
omvs
see you on the downlow...
yes it went up, but it also went down...
kinda odd it's not holding real gains....
but it's just a vicious cycle...
come monday down it goes, well if the q comes out anytime that will surely help it...
omvs just seems to be trying to clear up some dilution before it releases it's financials for next round...coming soon...
but odds are omvs won't release financials anytime soon..just saying..
omvs
yes this is not that company, but for reading pleasure here is a good link to R/S and gagged TA's and dilution...plain and simple....
http://www.pennystocknation.com/badcompanyactions.html
sounds a lot like
omvs...
what numbers are you talking about... per pr yesterday
RAD has commenced to deploy robots to end users. To date RAD has commitments for 62 robots for total contract values of approximately $6 million.
RAD currently has signed agreements for 2 POC's with major companies.
RAD currently has a sales pipeline of over 50 Fortune 500 companies and over 25 qualified dealers and distributors that have a combined customer base of more than 35,000 end user corporations.
yep 120 million plus OS so far 100 million of that diluted in 6 months
then the remaining debt and the debt incurring...
yes trading at .07...go figure...
guidance for 2017 to 2018
notice the 560 deployment but only guidance for 240...lmao
RAD is preparing for the following expected deployment of robots:
20 robots by the end of calendar 2017
50 robots by the end of the first quarter of 2018
90 robots by the end of the second quarter of 2018
160 robots by the end of the third quarter of 2018
240 robots by the end of the fourth quarter of 2018
RAD'S business model is to rent out robots to its clients over a three-year period thereby always retaining ownership of its robots, securing its intellectual property and providing a model for regular service, software and hardware updates.
Each robot brings in approximately $110,000 of revenue over the life of the contract which translates to approximately $36,000 per annum.
RAD expects to have 20 robots deployed by the end of 2017 and a total of 560 robots deployed by the end of 2018 for an expected monthly revenue run rate at the end of 2018 of over $1,600,000 or over $20,000,000 of recurring revenue per year....
but only has commitments for 62 rentals
yes these numbers are whacked....
omvs...
can't wait for those financials and guidance then...
As it is RAd is struggling to get it's first 2 rentals out per pr on OCt. 4th..it's first client....yeah the numbers are whacked
omvs
now you get it....
RAD is a separate company than OMVS. RAD is owned by OMVS as per the stock purchase agreement of August 28, 2017.
© 2017 InvestorsHub.Com, Inc.........
so the financials are going to include the liabilities of OMVS, which is a proportionate number....
even with renegotiated debt, as some claim, and to which has been diluted to date per pr yesterday a quote regarding the psr channel..
RAD has commenced to deploy robots to end users. To date RAD has commitments for 62 robots for total contract values of approximately $6 million.
RAD currently has signed agreements for 2 POC's with major companies.
RAD currently has a sales pipeline of over 50 Fortune 500 companies and over 25 qualified dealers and distributors that have a combined customer base of more than 35,000 end user corporations.
per PR on sept 14th stating guidance, a very contradictory statement..
look at expected 560 rentals by end of 2018, but in table below only expects to do 240....what gives
RAD is preparing for the following expected deployment of robots:
20 robots by the end of calendar 2017
50 robots by the end of the first quarter of 2018
90 robots by the end of the second quarter of 2018
160 robots by the end of the third quarter of 2018
240 robots by the end of the fourth quarter of 2018
RAD'S business model is to rent out robots to its clients over a three-year period thereby always retaining ownership of its robots, securing its intellectual property and providing a model for regular service, software and hardware updates.
Each robot brings in approximately $110,000 of revenue over the life of the contract which translates to approximately $36,000 per annum.
RAD expects to have 20 robots deployed by the end of 2017 and a total of 560 robots deployed by the end of 2018 for an expected monthly revenue run rate at the end of 2018 of over $1,600,000 or over $20,000,000 of recurring revenue per year.
"Demand for our robots has been very encouraging," said Steve Reinharz, President and CEO of RAD. "And we are preparing for the swift ramp up of deployments over the next 15 months."
RAD has commenced to deploy robots to end users. To date RAD has commitments for 62 robots for total contract values of approximately $6 million.
RAD currently has signed agreements for 2 POC's with major companies.
RAD currently has a sales pipeline of over 50 Fortune 500 companies and over 25 qualified dealers and distributors that have a combined customer base of more than 35,000 end user corporations.
The company may post important information about its subsidiary RAD on its website at www.Robotic AssistanceDevices.com and through tweets from RAD President and CEO Steve Reinharz (https://twitter.com/SteveReinharz)...
even with 6 million in contracts, per the 62 commitments only commitments, take in account when that is paid in and the cost of the rental to deploy...
then take in account that the OS is over 120 million now in my opinion...
take in account that OMVS and RAD has debt to pay as well as salaries and day to day business...
well hopefully some can see why this is trading at a .07 pps...
also that 62 commitment number hasn't changed for awhile...
just go back and read the pr's and 8k's or one 8k that is since merger..
yes finally glad that someone is seeing the subsidary of omvs as it is..
OMVS is using RAD to pay it's past defaults and liabilities, SR just a pawn...
can't wait to see those financials.....
omvs
yes this says it all on the 8k
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 16, 2017
On the Move Systems Corp.
By: /s/ Garett Parsons
Garett Parsons
Chief Executive Officer....
if GP isn't CEO then who is.... not SR per 8k
that is a legal document and RAD is OMVS/RAD now....
you even pointed this out..
then when financials are released wonder whose name will be on them...
yet to see those...