Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
U selling a all of you position? I'm assuming that's bid fills, correct?
Management chose going dark so they believe the public shell has value. Otherwise they could have stopped trading and tossed in the towel and moved on down the road. I personally think they are looking for an idea to plug into this shell and give themselves and stockholders another shot at making something out of this. You can google "going dark" and look at the pro's and con's of it.
Good luck.
If this was my company and I did a reverse merger with a viable entity this is how I’d do it (I’m 100% guessing).
Presently Issued Outstanding: 842,000,000 (16.8%)
New-co Issue: 4,160,000,000 (81.2%)
Reverse split: 100 for 1
New structure: 50,000,000
Float: 8,420,000
Then ask board to increase the authorized shares.
Then, off to the races with a new company and they’d control 80% and start paying the fees to be fully reporting.
But, it’s not my company and the only thing going on is….. WHO KNOWS?
This reminds me of the days when bitcoin was just a 5 cents and the guy paid 10,000 bitcoins for 2 pizza's.
https://www.investopedia.com/news/bitcoin-pizza-day-celebrating-20-million-pizza-order/
Could you imagine if the guys who control this shell found such a deal to merge into this, it'd make my day.
You never know! Why else would you keep it trading? So, note holder can sell?
Please enlighten me if you have any meaningful reasons.
BTY, Bitcoin traded at $10,900 today. So, that would make the pizza mans two pizzas worth $109,000,000.00
Not a bad day.....
Fair enough ol_cow!
I went back and read my sentences WOW my spell checker & sentence structure SUCKS. But, the fact is. Management did not delist so either they are selling the last of their few shares without the cost of accounting fees and legal fees for being public then Adios? Or are they possibly looking for a new deal to stick into this shell company?
If its the shell oppertunity you'll make a pile of money buying at these prices that's a fact!
Or, lose it all like at a casino.
Just go back and read going dark advantages I wrote on 3/15/2020. You'll get the complete picture. They guys running this shell aren't dunb they know how to same money, time and legal fees for being able to trade.
YOU KNOW THIS IS GOING A LOT HIGHER!
Their last public filing showed 173 million.
If you own more than 5% your deemed to be an insider. So. If there is 173,000,000 issued and outstanding then 8,650,000 is your max limit before you would have to notify the AUTHORITIES. And, who the hell want to let them know anything she your not a real insider.
The worst website in the world. If you try to cancel an order good luck. You have to call the company then your on hold listening to crappy music that's not a good signal. Then when a person gets on line they can't do anything related to cancellations or fixing online order problems and this is their web site number advertised you call and WAIT AND [t][/t]WAIT.
I ordered a product they charged my credit card the day I ordered it. A week later I see on my banks wtbsite Rit Aid reverse the charge. So, I figured I must have done something wrong. So, I reordered with some changes got charged again then I see they ship and out the product that they reversed the charges on. Plus, not a single email or text of the bank issues. Now I have product coming to me they reversed the charges on and another order I tried to cancel with a person on the phone. These people and this company operates like the Obamacare disaster.
I'll still use them on a few things but nothing serious. I did owned some stock in this because of Motley Fool recommended it and I did made money today after I sold it. But, this company is totally incompetant and it will be bought probably by Amazon with a serious technology renovation.
Good luck to all the stock holders.
The worst website in the world. If you try to cancel an order good luck. You have to call the company then your on hold listening to crappy music that's not a good signal. Then when a person gets on line they can't do anything related to cancilations or fixing online order problems and this is their web site number advertised.
I ordered a product they charged my credit card the day I ordered it. A week later I see on my bank wtbsite Rit Aid reverse the charge. So, I figured I must have done something wrong. So, I reordered got charged again then I see they ship and out the product that they reversed the charged. Now I have product coming to me they reversed the charges BTW i changed the order, my seconde order is less money.
I still use them, but I owned some stock I bought because of motley fool recommends and made money. But, this is totally incompetant.
Good luck everyone
"Going Dark” -
Voluntary Delisting and Deregistration under the Securities Exchange Act of 1934 - The Attractions of the “Dark Side”
https://www.dorsey.com/newsresources/publications/2009/03/going-dark--voluntary-delisting-and-deregistrati__
Is this what Drone Guarder Inc. (DRNG) is doing? Does anyone know?
Why wouldn't management sell the shell to a group wanting to be public to raise money. Management owns virtually all the shares.
Question? Do you think they will sell the public shell (DRNG)or just let it go down the drain?
This stock never EVER had a chance of working. It only traded so the billionaire could try and recover off stockholders backs and from the looks if it lately I was 100% spot on!
Come on management this is been the best Market in history and you can't pull anything out of this to make the stock go up how absolutely worthless are you?
QUESTION: is this product on the market yet? I bought 800,000 shares because of the idea and capotal structure. But, if it's being marketed that would make me feel a little better.
Thanks in advance.
Has management got 100% of all the (Discount to the bid) note holders converted or agreed to signed a new note and released an 8K to that fact, yet?
Telling you on a phone call verses telling everyone in a public statement are two totally different worlds.
Those type of investors are slick pros you either pay it off or they convert and sell. There is no other deal they would be interested in. Especially 30 or more percent on their money, come on........
I've heard all before........
So, how much was converted? And what was the price when it was submitted.
How much in dollars is left with those terms?
My guess is 100,000,000 ++ shares. Still left to go (((BIG PROBLEM)))
I've seen $30 stock do these stupid discount conversion funds deals. It destroys them all. Best thing to do......find another company to invest in this management ruined their capitalization structure.
A reverse split does not fix the shares needed for the convertible debentures conversion.
Management destroyed the share structure. The only way to fix it is have all debentures agree to a fixed conversion and make sure there are enough shares authorized to cover the conversions, then stip the stock. But the investors would be stupid to do that. Right now they're guaranteed a profit if they have a short seller go sell it then they cover the short, illegle but done all the time.
It still has to be done that's all that matters. With that kind of overhang in he stick knowbody who is serious will touch the stock, investor or banker.
Here is where the stock us coming from. They need more stock. They used to call this the death spiral funding.
Just go back and read my old post this is what a stock is coming from and this is what amateur management teams how they raise money they kill their own deals. This stock is unfunded boulware this overhang of death spiral shares being registered and sold these people have a guaranteed profit on everybody's that that's a stockholder
I see where the stock is coming from......
If their notes convert on average of a 35% discount. They will need 200,000,000 million shares for them to convert into. I see there is only 100 million authorized. So, they'll need board and shareholder approval for this to happen.
So, when I asked where the 2,000,000 shares came from the other day I found it.
Bummer......time to move on nothin to see here......
I was thinking that they are raising money by way of Reg-D or Reg-S stock sale.
Where did all the stock come from?
You know you can call market makers and ask them how much they'll lose at prices or buy.
They're trading philosophy is if you're long you're wrong at the end of the trading day.
Thats all these sub Penny's deserve.
Bought DAVC at.0019 - 95,000 shares and sold DAVC at .015 905% gain. Thank you eveyone!
On to the next one....
Why be public with such a weak company this is stupid, unless it's a shell company looking for a merger candidate. Does anyone have any thoughts on this subject wih this company?
I looked up the suitcase product and you got to be kidding this is the big deal?
Shares outstanding: Last time I counted it....
Insiders: 447,345,000
Float: 200,000,000
Total: 647,345,000
I could look again. But, that's what my count was. I bought because I figured it was fully reporting and eventually management would get burn out paying reporting fees and do a reverse merger.
Are we there?
WHAT NEWS??????
Pump & Dump
Oh ya I've been had more than times I can count. But, my inner gut feel has given me the warning alarm to and I've avoided slaughtering. This one is a slow painful death By A Thousand Cuts. I see the billionaire has a following but since his name has been tossed around nothing has happen and nothing will happen with his involvement, that will be positive for shareholders.
Example. I bought TAUG at .019 sold for a really nice gain clean deal it didn't take that long to make some money under 6 months. I have two other penny stocks I've bought and sold and made money with since I've sold the TMPS's stock I sold it I think at .42 cents.
This billionaire will not make shareholders money it gulls him that he has to even answer to them.
His investment stratigy is to scew them before making things happen.
Anybody got the story why this thing bounce up in the first place?
Bandaid......? how about a tourniquet or sanitary pad ouch!