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Wow! Sounds great, do it! Just post a picture of an upwards pointing arrow and link to it from here many times a day.
Isn't it either cost or revenue but really margin? I agree, no one would franchise a concept with such a low margin.
Correct as far as I know.
Correct as far as I know.
So you are back in for now? Then you will sell as it tanks and tell everybody that you're out again.
Correct. As of Friday evening, AS is 213 mill total
I would guess that we will gap, maybe hit low 5s and then this will linger a while before tanking back to low 4s and then high 3s.
I do get you. They're probably hiding cost in the COGS amount. Least of our worries though, I want to see if they come through with the new outlet.
Don't apply street logic to the OTC, it's upside down here.
Obviously they think they will make money by picking up such a large %, I wonder what will happen next
It's as of Friday close, TA confirmed that numbers are current when provided
I'm presuming you are aaying that the cost of good sold is too high and the gross margin is therefore lower than you would expect. Correct?
Well, here's a theory for you on that. How about shorting and diluting a stock to hell until it comes down from dollars. Then pause when it gets to 5c. Now what do you have? A stock potentially still worth dollars / share but down at an artificially low level.
Plenty of "experts" will then notice that and cite it over and over. Guess why? Because it is true. It's worth dollars and its only priced at 0.05. Who cares that it has been diluted to double the number of shares, it's still worth dollars.
Now play with it. Let it go to 8c. Wow! Now people are waking up and taking interest. Continue to dilute but hold off the shorting machine for a while. Now it jumps to 14c. Create panic, switch on shorting machine heavily, continue dilution. Make lots of money by shorting at 14c and then covering on your own conversion at 7s/8s.
Hold it there again. Dilute, dilute, dilute. Turn shorting off.
Let it run again. Switch on shorting at 13s, short it back down again, convert and cover.
Company releases RS news. Time to really pound everyone. Short heavily and push it way, way down. And repeat on day 2. Watch out though, stock starting to lose control and death spiral so turn shorting off and cover with conversion.
Let it go to 5c and then hold it under safe control again. Buying interest renewed and everyone calms down.
Its a game that can go on for a while because it's not just about making money back on conversions, even at preferable rates with interest. It's about the shorting capability as well.
Does this story seem familiar to anyone who's been closely watching this one?
Exactly. Once you get that, everything makes sense.
At the end of the day, it doesn't actually make any difference whether it is or is not the converters shorting anyway. Someone is and that is another trigger on the price of this stock. It is either the converters themselves or someone working very closely with them.
We actually have every trigger here:
1. Dilution/Conversion
2. Shorting
3. Retail buying
4. Retail panic
What everyone needs to ask themselves is this - why did someone just suppress this today and stop it from going over 5c? What is a logical reason why that would happen? There's answers out there if you really think it through.
This game ends very quickly if they lose control of the price in either direction and that is why they keep it tightly in a channel. Not too low, not too high. The RS news the other day must have just been too much of a temptation to short the hell out of it for a while. That then created massive retail panic and one hell of a crash. Now it's been pulled back into a controlled path again. They made a lot of money this week and will do over and over until this is done.
One thing is for sure, trust no one apart from yourself.
The only thing is that if entity A shorts the stock first and gets the price even lower, they get an even better deal when they cover with their own conversion. They are getting the shares at a reduced amount anyway giving double bubble.
None of these lenders care about the company or long term view, they are only interested in making a fast buck and they are sharks. They see an opportunity and grab it. The only thing in our favor is that in this case, they can't spoil the well too much because they have a lot to convert.
They are playing this in channels and the only way of us making money right now is to keep up with what those channels are and trade accordingly.
Convertible debt is never an investment on the OTC, they give toxic money and then steal it back from us at ridiculous levels of conversion. It doesn't mean you can't make profits around it if you are careful and know what you are doing but it needs caution.
It's not the companies choice, it is the majority vote of the shareholders. They can make suggestions but people can vote no.
Lots more shares to go before we hit the 300m yet. Our best chance here is more of what we saw today which is them allowing it to rise and run like it was before. They came down hard every time it hit 5s though, it will take a steamroller to get us through that barrier.
Typically they short and cover same day and just make profit as they go as far as I see. They're not accumulating, it wouldn't make sense.
It was making me ill too which is why I reduced to half the holding today. It's moved into my flip for profit category. Still a good stock potentially but I'm not being stuck as a heavily vested long on this one anymore. I broke many of my trading rules on this and went in too strong but now I'm happily back to the level where I feel comfortable.
Now I will trade it up and down and my stress levels will decrease. :)
Your statement does not make sense. Yes, they are shorting alongside conversion. Yes, that has been the downward pressure. No, that doesn't lead automatically to your conclusion that this means they need to RS and increase AS. They need to increase the AS, they don't need to RS.
I think the TA is actually up-to-date. I asked this very specific question yesterday:
ME: For clarity, that figure doesn't include today's increases, correct?
TA: That figure is current as of the end of today.
Not "according to our records" or any other disclaimer that would allow it to be a delayed amount, they actually stated it was current as of that time.
Your point? We know it's been shorted alongside the conversion, that's obvious.
That was yesterdays news, I'm sure they'd speak differently after today's action so I'm not sure of the point?
Anybody got any comments on the news today? 15% of the stock has been bought up or converted by these guys? That's a big chunk. I'm researching more into why they would do that.
I flipped a little today and ended up with an average of 11s but with half the holding. This one made me too nervous with the amount I had vested so I had to reduce to get comfort. I will go back in heavier if it hits 3s again though. Otherwise I'll be happy to ride this to my average.
I think this surprised many of us this week. Great to get an increase today but I'm not being caught like that again so it falls into a different category and I'm purely trading it now.
I'm not surprised they aren't returning phone calls, they're probably being contacted by shareholders more than potential franchisees right now. This is a wait and see. Doesn't look great but we'll find out if we don't get any news by the end of January.
I disagree, if they shook it down to 0.02 confidence would be lost and it would go even lower and they would make nothing. They need it to return to a stable level imo.
They're calling it faith, I would call it gut feeling but it's all we truly have imo. No one really knows so you have to trust your experience and skills
My thoughts are to not ask here and make your own decision. No one knows the answer
I'm with you on that sentiment 100%. I don't even think this is about CD floors anymore, that went away when we broke down through 7s. The only thing that gives any help here right now is to watch the OS very closely, that is the one thing that is a fact. The current OS is 205m, the AS is 300m. That is clearly defined and means there is 95m of potential play left for these converters.
What that means for us as humble shareholders? Who knows. It's all down to the buying power of bulls and the shorting and conversion power. Up until this RS filing, there was at least a balance between the two and plenty of opportunities for runs while we all waited to see if we could make the big bucks.
In my mind, there are two things I want to see. Tomorrows trading and the OS at the end of it. I'm staying regardless at this point for a much longer game but that will tell me if this is going to recover soon or after everything plays out.
Anybody with extreme positive or negative opinions here don't have enough facts for either in my opinion too.
Were they on the grassy knoll??
They're not doing this to take the company private, who would do that with a debt heavy business.
Let's just see how tomorrow's trading goes. I personally predict a run after watching all of the activity today. It will take a while for this one to find its legs again after the knocks it has taken though so it will be a bumpy road for the next week or so.
IF they're not converted, they are not voting shares and therefore cannot influence the RS. If they are converted, they have no incentive to do it. That is my whole point.
They need majority. If they have majority of common shares, best of luck to them when they RS it because they are effecting themselves at the same time.
What date MoneyMade? Looks like a template with the date missing. Also, what is the point, we know there will be a vote?
A vote is a vote MM. If there was no need to do one, they wouldn't be asking for a proxy. As far as what the ownership looks like, no one knows whether they can get a majority. Votes have been made to overturn a decision on the OTC and this could be one of them.
The whole reason it is a proxy is because it is open to a vote which has not happened yet. Stop trying to mislead people, until that vote is done and a majority decide, it can't happen.
I just got the same. Interesting news considering the volume over the last few days. From my understanding, they are usually one day behind.
Note that ARCA is just hanging around just above the ask all the time. Some buying pressure will move him.
Bounce coming right about now....
With all due respect, who cares? There's much more important dd than whether a paid pump happened on this one.
Looks like an epic battle between CSTI with 443K at 0.042 and ARCA sitting at 0.043 with a fake ask of 100K. I wonder who will win? Everyone else trading is fighting in the no mans land.