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Here is the link of China Mobile IoT Company Limited (ONENet) and their parent company China Mobile Communications Group Co., Ltd.
http://iot.10086.cn/introduction/index/name/introduction
Just in case anyone needed further clarification.
Okay SRMX team, I had some extra time on my hands and wanted to dive into ONENet. This is what I found and Feedback is welcome.
ONENet - Is owned by China Mobile IoT Co. Ltd
https://www.iotone.com/supplier/onenet/v1968
Which is subsidiary of (CMI) China Mobile International Limited which is a subsidiary of the ultimate parent company China Mobile Communications Corp.
"Its parent company is state-owned behemoth China Mobile Communications Corp., which was created in 2000 by spinning off the mobile telecommunications division of the former posts and telecommunications ministry. China Mobile, a core unit of CMCC, is listed on the domestic stock market."
https://www.bing.com/search?q=China+Mobile+IoT+Co.+Ltd+parent+company&cvid=27da496fb4af4de9947a9114fa229e85&aqs=edge..69i57.5547j0j1&pglt=131&FORM=ANNTA1&PC=LCTS
Which IMO is a huge advantage for SRMX utilizing this platform as China is very restrictive on technology allowed but utilizing a state owned cloud platform should help SRMX entrance into the China market.
So then I wondered, how all of this ties in with Microsoft. Well CMI is utilized by Microsoft for their Microsoft Azure cloud platform.
https://azuremarketplace.microsoft.com/en-us/marketplace/apps/chinamobileinternationallimited1611023439163.cloudconnect
So could this first PO be for use in China? Looking forward to your feedback and to all of the details of our PO in SRMX Q2 report.
Have a great Sunday!
Agree to disagree and respect your opinion.
IMO when someone says partners and top of the list referring to a slide with Tri Cascade presented. It means Tri Cascade is a partner and is at the top of the list when it comes to their Azure Sphere products, along with the other 5 companies presented on the slide.
But I think we can both agree this is great for SRMX no matter how you interpret it. Especially when 8 months later SRMX receives a PO for the same product presented on Microsofts presentation.
Okay here it one last time.
Pink update
Okay team just want to make sure I put everyone's minds at ease with the latest verified profile by SRMX (8/3/2021). SRMX has already hit the minimum reporting necessary to stay pink limited information until 2/3/2022 per OTC market place. Obviously I believe we will be Pink current after Q2 and a correct attorneys letter, but just wanted everyone to know if this was concerning you, there is no chance SRMX will go Pink no Information and be untradeable per new SEC rules for the next 6 months.
See rules below
Pink Limited Information Tier
Companies that make the information described below publicly available through OTCIQ may qualify for the Limited Information Tier.
-Annual Financial Statements: Companies must upload the below
financial statements for a completed Fiscal Year within the past 16 months. Financial reports must be prepared according to U.S. GAAP or International Financial Reporting Standards (IFRS) but are not required to be audited.
• Balance Sheet
• Statement of Income
• Statement of Cash Flows
• Statement of Retained Earnings (Statement of Changes in Stockholders’ Equity)
• Notes to Financial Statements
• Audit Letter, if audited
Verified Profile: The Company must verify the Company Profile through OTCIQ, including, but not limited to, a complete list of officers, directors and service providers; outstanding shares; a business description and contact information.
To Qualify for Limited Information on an ongoing basis, companies must:
• Upload reports through OTCIQ on the following schedule:
o Annual Report (including the required financial statements outlined in Item 8) within 120 days of the fiscal year end
• Maintain a Verified Profile. At least once every six months, review and verify their the Company’s profile information through OTCIQ.
Can anyone say Verified profile.
Verified Profile - CHECK
Next step Revenue on Q2 in 6 business days
Next step Pink current
Next step well you already know $$$
as simple as that
https://www.otcmarkets.com/stock/SRMX/disclosure
DOTS CONNECTED
Well said JC, its hard to deny the Microsoft link when Microsoft comes out and refers to SRMX as a partner. I love watching it over and over and over. But like you said even better is that they received a PO for the same tech Microsoft referred to 8 months later. Does not take many dots to connect that.
Here Ill connect them for anyone that might need help.
Dot 1
Agreed!
Below is last weeks SRMX short volume
Date ---------- Short Vol. - Total Volume - Short %
2021-07-30 - 23,440,665 - 34,635,323 - %67.68
2021-07-29 - 11,505,700 - 21,685,229 - %53.06
2021-07-28 - 6,649,333 - 13,106,009 - %50.73
2021-07-27 - 19,106,767 - 27,679,596 - %69.03
2021-07-26 - 19,134,916 - 24,083,434 - %79.45
https://fintel.io/ss/us/srmx
Shorts are trying to cover below .0025 and if support is there as it was last week with 20 mil+ on .0025 and 25 mil+ on .0024 Its is unlikely this will be the case. Which means they will have to cover above .0025 which will only drive the PPS up. The clock is ticking for them to cover with Q2 QR right around the corner. They also know the impact of what a PO from Microsoft will do to the PPS no matter the amount. Or they are delusional and still think SRMX is a film company, either way they are in trouble unless they think they can cover 45 mil+ under .0024 with the clock ticking and with only 10 business days before our Q2.
They just better hope Max does not release it early and all H E double hockey sticks breaks out.
Agreed, below is a few questions I have been asked on a separate platform and answered. They are IMO and obviously very bullish everyone has to do their own research, these are just my thoughts.
Hope everyone is having a great weekend!
Question:
OK since we are asking stupid questions lol JK. My experience with penny stocks for the most part jump up and then come back down fairly close to where they started. What are our reasonable expectations for SMRX? Obviously that’s a huge open ended question, but I literally have no clue and hoping somebody would be willing to discuss it with me
Answer:
Sure now this is just IMO. SRMX is a growth company so obviously evaluation does not reflect market cap. People invest in growth companies due to the fundamentals/potential of the company and business affiliated - market size - products - leadership - partners - revenue potential - and other technical factors I am not smart enough to understand. LOL. Well if you did not know SRMX has all of those in spades. Just receiving a PO from Microsoft and delivering the product shows SRMX has the capability to manufacture million dollar tech to one the largest tech companies in the world in one of the newest technologies sectors to date.
So once revenue is reflected IMO no matter the amount there will be several investors interested in SRMX, not just retail but big money (institutional owners). So I will not give a prediction but let you know other companies with similar share structures with less of a resume than SRMX have ran .10 - .25 cents and would settle back down to the .03 - .05 range. Some never get past that some Humble (again not as impressive of a resume as SRMX IMO) go to dollars.
Lets put it this way when revenue is reflected in their next QR and if they payed off even more debt and have not diluted any shares in 2021 as of today they have not according to OS (besides restricted common stock for management compensation 7 mil plus for another person). That will show even more growth for SRMX and will send it even higher.
One more scenario everything above applied and they mention they received another PO from either Microsoft, T-Mobile, or QUALCOMM for their 5g module. I mean your guess is as good as mine, but we would no longer be on planet earth. Again all in my opinion everyone has to decide for themselves.
But to address your question of the roller coaster you are correct SRMX will also be on a roller coaster until our market cap is realized. Growth companies truly depend on the market and their perception of what the value is for SRMX. Until SRMX equity value is relatively in line with Market cap we will be on this roller coaster, because SRMX is being bought and sold on opinion/fundamentals and that can change daily.
This is why penny stocks can be so volatile and blue chip companies reflect more on earnings and are more stable if earning are matched or exceeded. Pretty much Their OS X stock price = equity value (for the most part, fundamentals still come in play)
Question:
What does it mean they haven’t Diluted any more shares in 2021. Sorry that is a new thing to me
Answer:
No need to apologize happy to help and again this is IMO, I recommend everyone doing their own research and forming their own opinion. https://www.investopedia.com/terms/d/dilution.asp this is a good article about dilution, in essence it makes the shares you own less as OS is increased.
Why do OTC companies dilute (for the most part) well its because they are broke LOL. They have no money or revenue and have to sell stock to pay for operations etc. which in turn raise market cap and OS and reducing current investors share value (not to mention PPS if you have ever been dumped on by diluted shares ouchie wawa a stock can fall 50% in a blink of an eye, but most the time they will leak shares slowly to the market as to get the highest value possible. acc/dist on charts is a way to see if this is happening. IMO this is debated but has never failed me.). PS they have not taken on any debt this year either which is another way pre rev companies pay for operations. in 2021 SRMX has not had to do that rather raising funds through preferred series B stock through our investor and better yet they paid off debt in Q1, did not accumulate it. But all of my opinions of what I think this means for SRMX is in this post. Hope this helps!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165010305
HEADING BACK UP! They must be getting a flood of buy orders.
Yea it has moved down significantly Bid at .009 and ask at .01. According to Scanz. Hopefully that is were it stops and we see a bounce.
Long means Long, ill be buying a few more here.
Ask at .0125 Still early but lets go PHIL!
Top 3 key Takeaways from CC
And Agreed, long means long!
1. Diamond exchange already has 1 billion dollars worth of rough Diamonds secured for exchange
2. Buyback program of Billions of shares is underway and should see 8ks reflecting shortly.
3. Henry confirmed much of the DD and shows PHIL is progressing in many key areas (Patience)
Bonus - how pretty does PHIL look in PINK!
And whoever was responsible for the disgraceful antics on the CC. Hopefully there is retribution to the offender(s). People who shamelessly try to tear down a company with words or actions must truly have something wrong with them. (sick inside)
PS. Everyone should try and reach out to Henry and give him our support, let him know his investors herd all of the good news!
Henry, I am truly sorry for what happened on the CC today know one disserves that.
— BigfootSlapper (@Bigfoot_Slapper) July 29, 2021
Your investors heard all the great news today and keep up the great work! GB
AGREED!!!
People who shamelessly try to tear down a company with words or actions must truly have something wrong with them. (sick inside)
Agreed, he had so many great things to say and immaturity broke his concentration several times. Hopefully there is retribution to the offender(s). People who shamelessly try to tear down a company with words or actions must truly have something wrong with them. (sick inside)
But the reason I like PHIl is because of Henry and we all know he will take the high road and I commend him for that. Henry will let the Billion dollar diamond exchange and Billions of shares he is buying back do the talking for him.
GB Henry, you did not disserve that.
Could not agree more.
Agreed, whoever was drawing on the screen, just very disrespectful. I do not care how much disfavor you have for a company grow up!
I tend to agree with Mike.
Remember he did not need to convince existing share holders he needed to convince new investors.
His wording made it sound like they were still in the process of buying shares back. (Which is great but IMO a lot of people were under the impression the buyback had already taken place and if they had not already done their DD, Henrys wording could be worrisome and could place uncertainty in new investors minds which might make them hold back from investing until more tangible proof is available.)
Either way if it pops now or pops later, if you are long it does not really matter.
PS - I thought it was a great CC 1 billion dollars in diamonds cannot wait for that to reflect on Qs - talk about a pop! -
This post is untrue and a disgusting depiction of our/SRMX CEO!
Max is alive, well, and hard at work.
Timeline from when SRMX went Radio Silent
I would like to lay out the timeline of events SRMX has taken since the last communication from company from August 2020 to now, I will give my opinion in blue and any feedback is appreciated.
08/17/2020 – Radio Silence from SRMX (beside QR and AR) Leading up to this point SRMX pretty regularly communicated about once a month.
9/28/2020 – Microsoft Video
Microsoft stating SRMX is a partner and better yet (QUOTE FROM MICROSOFT) "TOP OF THE LIST WHEN IT COMES TO THEE AZURE SPHERE IOT CELLUAR GUARDIAN DEVICES"
Timeline from when SRMX went Radio Silent
I would like to lay out the timeline of events SRMX has taken since the last communication from company from August 2020 to now, I will give my opinion in blue and any feedback is appreciated.
08/17/2020 – Radio Silence from SRMX (beside QR and AR) Leading up to this point SRMX pretty regularly communicated about once a month.
9/28/2020 – Microsoft Video
Microsoft stating SRMX is a partner and better yet (QUOTE FROM MICROSOFT) "TOP OF THE LIST WHEN IT COMES TO THEE AZURE SPHERE IOT CELLUAR GUARDIAN DEVICES"
Enough Said
HELLO SUPPORT!
It seems as if someone is wanting to buy some shares.
First screen shot taken late Friday. IMO smart investors will be soaking up all of these discounted shares and I know they will not be taking mine. I've seen (45 mil+ on .002) — 07/20/2021 - I've seen this a few times when L2 is able to show all bids on .002
Screens shots on link below.
$SRMX HELLO SUPPORT! It seems as if someone is wanting to buy some shares.
— BigfootSlapper (@Bigfoot_Slapper) July 25, 2021
First screen shot taken late Friday. IMO smart investors will be soaking up all of these discounted shares and I know they will not be taking mine. I've seen (45 mil+ on .002) — 07/20/2021 pic.twitter.com/FisBlJNhRq
New eyes: Consolidated Factual DD Since Sep 28, 2020
On Sep 28, 2020 Microsoft released below
Microsoft stating SRMX is a partner and better yet (QUOTE FROM MICROSOFT) "TOP OF THE LIST WHEN IT COMES TO THEE AZURE SPHERE IOT CELLUAR GUARDIAN DEVICES"
HE IS ALIVE!
Just received email from Max! He is working hard team and figured I send him a supportive email.
I know it was just a thanks but that speaks volume for me. WE ARE GOLDEN team!
$SRMX He is alive! Just received email from Max! He is working hard team and figured I send him a supportive email. Lets GO!!! pic.twitter.com/0H0XvnKaLi
— BigfootSlapper (@Bigfoot_Slapper) July 22, 2021
SRMX has 2 Institutional Owners
SRMX team I was hoping to get your opinion on below. I will give my opinion and look forward to your feedback.
SRMX has to institutional owners and yes I know that their positions are very small at the moment and will give my opinion why below.
First I will break down institutional owners positions in SRMX
https://fintel.io/so/us/srmx
Link to SRMX institutional owners.
2021-07-19 13F Rothschild Investment Corp /il 50,000
2021-05-17 13F Captrust Financial Advisors 55
Below is IN MY OPINION
So why would two institutions invest such a small amount into SRMX, obviously this was not by mistake.
I think this is a lot bigger than we all think and institutional investors are waiting to see the revenue actually reported to open a larger position. We already have two and this is my opinion but the reason they have such a small position is so they can keep an eye on SRMX, much like I do when I want to follow a stock, ill buy 50 shares and see if the catalyst I was waiting for comes through. I do not believe these two institutional investors bought SRMX by mistake, there is a reason and it only can be good. They know a sub penny stock is partnered with Microsoft and T-Mobile ect. and could be buying in chunks when the revenue from Microsoft PO is reflected. All my opinion but makes you think.
Below is a small snip from an article describing Intuitional ownership and I bolded the part that stood out.
https://www.investopedia.com/articles/stocks/07/insitutional-owners.asp
Article referencing
"Once an institutional investor establishes a large position, its next motive is typically to find ways to drive up its value. In short, investors who get in at or near the beginning of the institutional investor's buying process stand to make a lot of money."
I think it is fair that we are in the beginning of their buying stage, once revenue is reported from Microsoft I believe IMO you see these share counts move up as they begin to establish a larger position. (No matter the size of the PO, its all about SRMX showing they have the capability to deliver million dollar tech to one of the largest tech companies in the world) IMO
Look forward to your feedback and hope everyone is having a great day!
0 dilution of unrestricted common stock in 2021 for operations.
SRMX team I was hoping to get your opinion on below. I will give my opinion and look forward to your feedback.
SRMX has diluted 0 unrestricted common stock in 2021 per OS (breakdown of shares below)
2021 start OS share = 9,120,900,783
Added restricted shares to OS
7,352,941 Common $0.0051 Yes Jong Mei Liao For services Restricted
150,000,000 Common $0.0001 No Max C Li (CEO) For services Restricted
150,000,000 Common $0.0001 No Alan Bailey For services Restricted
Total in Q1 report = 9,428,253,724 (307,532,941) restricted stock -as shown above-
OS as of 07/19/2021 = 9,428,253,724
Below is IN MY OPINION
What I believe this means for our PO
With only $26,224 available cash at the end of 2021 Q1.
It has to mean our investor funded PO, if not we would have seen dilution to fund it.
What I believe it means for funding our Q2 operation cost
Either our investor covered that as well
or
Revenue from PO covered operation cost for Q2
This is one of the glaring signs for me that SRMX is truly turning a new page.
Looking forward to your feedback and hope everyone is having a great day!
This helps out a lot thank you friend. Looking forward to everything coming together!
Thank you, excited to be here!
Will do and if I have any additional questions after reviewing material, I look forward to the supportive Phil communities help.
Thanks again!
Serious question and sorry if this is being naive. Just need some help as a shareholder in PHIL. And am sure you have answered this many times but am somewhat new to PHIL.
Q: How are we going to buy back billions of shares with limited revenue. Where are we expecting the funds to come from and when are the funds expected to be reported and how much?
Thank you for your help
Q: Could you give the exact time in the video that Microsoft says, “SRMX is a top of the list partner”? Watched it a few times but never heard those words. Thanks.
A: Sure 19:36
WE HAVE A SLEW OF PARTNERS THAT WE ARE ALREADY WORKING WITH
WHAT YOU CAN SEE HERE IS REALLY JUST THE TOP OF THE LIST WHEN IT COMES TO THEE AZURE SPHERE IOT CELLUAR GUARDIAN DEVICES
THESE ARE FROM COMPANIES THAT WE WORK WITH, THAT WE HAVE WORKED WITH ON THE DESIGN AND ON THE TECHNOLOGY
Statement: Also, the SG500M2-X is a module, not a chip. SRMX does not make chips
Correction: Correct, SG500M2-X is a module, not a chip. I apologize for the confusion.
Good article explaining the difference below.
https://nimbelink.com/blog/difference-between-chipsets-modules-and-modems/
Thanks for your questions and corrections, and again apologize for any confusion. Have a great day!
Microsoft says SRMX is a top of the list partner
Please see below how shares are in lieu of cash directly from Q1 QR CONSOLIDATED STATEMENTS OF CASH FLOWS
I apologize if there is any mistakes below as It was very difficult transferring the data to this post. Please refer to the Q1 QR for reference.
https://backend.otcmarkets.com/otcapi/company/financial-report/283775/content
Adjustments for Non-Cash Transactions
The first adjustments made to the net income balance involve non-cash transactions that have increased or decreased the amount of net income or loss reported by the entity during the financial reporting period. The most common non-cash transaction to be adjusted involves depreciation expense or amortization. Depreciation or amortization expense occurs when the value of an owned asset is reduced to reflect a write-down in the remaining useful life of that asset. Since no cash has been actually exchanged, the amount of depreciation or amortization expense must be added back to the amount of net income or loss reported by the entity. A similar adjustment is made for unrealized foreign translation gains or losses. Again, since no cash has actually been exchanged, the amount of any loss is added back to the net income or loss reported by the entity while the amount of any gain is subtracted from the amount of net income or loss.
Page 17 of Q1 QR under CONSOLIDATED STATEMENTS OF CASH FLOWS
3 Months Ended
March 31,2021 March 31,2020
Net cash from (used in) operating activities:
Net loss for period $ (3,655,370)
Adjustments to reconcile net loss to net cash
for non-cash items:
Amortization of prior development costs and
related goodwill 3,464,542
Stock issued for management services 30,000 (Added to the net income loss as no cash has actually been exchanged)
Adjustments to reconcile net loss to cash to net
due to changes in current assets and liabilities:
Decrease in other receivable 20,499
Decrease in prepaid expense 3,421
Increase (decrease) in accounts payable and accrued expenses (398,321)
Increase in amount due to related party 22,500
Net cash from (used in) operating activities (512,729)
Net cash used in investment activities -
Net cash from (used by) financing activities
Proceeds from issuance of common stock -
Proceeds from sale of preferred stock in Tri Cascade, Inc. 500,000
(Decrease)increase in loans payable and accrued interest, net 286
Total
500,286
Net increase (decrease) in cash (12,443)
Cash – beginning of period 38,667
Cash – end of period $ 26,224
Operating expenses
Management compensation 84,000
Other staff costs 37,500
Product development 36,352
Travel 1,254
Legal 18,560
Other general & administrative 21,428
Total 199,094
Net operating loss (199,094)
Other income (expense)
Amortization of prior development costs and related goodwill(3,464,542)
Section 3(a)10 financing costs recouped 9,196
Interest (net) ( 930)
Total
(3,456,276) + (199,094)
Total Net loss for period
$(3,655,370)
This was SRMX net loss for period (the reason for the 3 mil plus was for the voluntary dissolution of SkyFidelity, Inc.)
Net loss for period
(3,655,370)
+3,464,542
+30,000 (Added to the net income loss as no cash has actually been exchanged)
+20,499
+3,421
(398,321)
+22,500
Total loss for period (512,729)
Please refer to the Q1 QR on the OTC market place for reference.
https://backend.otcmarkets.com/otcapi/company/financial-report/283775/content
Long story short the shares are in Lieu of cash as no cash has been exchanged.
Agreed, what type of revenue are we expecting to see on the Q’s in August. I know they will be good but just curious on what you are expecting?
Phil = $$$
Great post! Love to see them actively trying to advance their position in the new frontier of 5g IoT.
WOW they filed for that back in 2019? Its great to know our team is so forward looking to attempt to receive a patent for tech that would not even be available for many years.
Well I for one am glad they tried, thank goodness we just received a PO from Microsoft, also good to know they are working all angles!
GO SRMX!!!
A few points why I am so bullish on SRMX
1. Life-Cycle – entering growth phase
2. Industry – projected to reach 6 trillion by 2027
3. Management- Invested (Max takes shares as payment, must believe the shares will be more valuable than cash)
4. Paying off debt - Just payed off $398,321 with cash from investor
5. Bonus – partners Tmobile/Microsoft. FCC Approval on 5g chip (FCC ID 2ACARSG500M2) Microsoft PO
Long term confidentiality filed by Compal on March 17th 2021 with FCC concerning GKRRXMG1
This is concerning SRMX FCC approved 5g chip ID - 2ACARSG500M2
Compal LONG TERM CONFIDENTIALITY
https://fccid.io/GKRRXMG1/Letter/Confidentiality-Request-Letter-5164235
Declaration of Authorization for SRMX
https://fccid.io/2ACARSG500M2/Letter/Declaration-of-Authorization-4988256
Here is some more great info!
Tricascade has an FCC approved 5G chip, feel free to look over it. Approved October-11-2020 (Tritom 5g M.2)
https://fccid.io/2ACARSG500M2
http://tricascadeinc.com/res/TRITOM%205G%20M2_SG500M2-X_product%20sheet.pdf
Again I do not know why a scam would go through the trouble of getting a chip approved by the FCC unless, they are not one.
And better yet look at the first note on their achievements on their Q1 report.
1.Tri Cascade released its 5G M.2 module model SG500M2-X, which is embedded with Qualcomm 2nd generation SDX55 5G modem. TRITOM 5G M2_SG500M2
Maybe there is a reason they listed it first?
Its great to see SRMX paying off debt/accounts payable.
Paying off debt and starting to receive revenue. Some great signs for things to come.
Last time I checked Scams do not pay off debt with cash, but SRMX just payed off close to 400k with another investment from our investor. Which just upped his cash for the same amount of shares. Looking good!
Increase (decrease) in accounts payable and accrued expenses (398,321)
Here is another sweet fact for you.
Tricascade has an FCC approved 5G chip, feel free to look over it. Approved October-11-2020 (Tritom 5g M.2)
https://fccid.io/2ACARSG500M2
http://tricascadeinc.com/res/TRITOM%205G%20M2_SG500M2-X_product%20sheet.pdf
Again I do not know why a scam would go through the trouble of getting a chip approved by the FCC unless, they are not one.
And better yet look at the first note on their achievements on their Q1 report.
1.Tri Cascade released its 5G M.2 module model SG500M2-X, which is embedded with Qualcomm 2nd generation SDX55 5G modem. TRITOM 5G M2_SG500M2
Maybe there is a reason they listed it first?
Its great to see SRMX paying off debt/accounts payable.
Paying off debt and starting to receive revenue. Some great signs for things to come.
Last time I checked Scams do not pay off debt with cash, but SRMX just payed off close to 400k with another investment from our investor. Which just upped his cash for the same amount of shares. Looking good!
Increase (decrease) in accounts payable and accrued expenses (398,321)