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Wooo, hot diggity dog. That was fun to watch that get eaten. Like it was nothing.
They seem to communicate fine according to this: https://www.otcmarkets.com/stock/BYOC/news
Seems that legit stocks are always misunderstood, lmao.
Also, we went back to the pink sheets and it really didn't affect anything, since that is a function of the market not understanding or aware of BYOC... yet. BYOC meets the requirements of OTCQB on paper and things taking place behind the scene will show how oversold this stock is. As Sharky says cheap opportunities!
Discover growth fund LLC converted $1,060,486, during the first quarter. This was listed on the (8/14/19) 10Q, page 15, 3rd paragraph from top.
Agree that nobody knows who bought them, but somebody or something definitely did.
No worries,
I will continue to pay attention to contracts for new and larger customers, more acqs large and small, more favorable financing, and TA which is just inching to bounce!
BYOC
Since George was accused of lying now, smfh how stupid and ridiculous this has gotten, here is the actual link:
https://www.otcmarkets.com/stock/BYOC/news/Beyond-Commerce-Inc-Updates-Shareholders-on-Efforts-to-Up-list-to-the-OTCQB?id=197272
Delisting doesn't mean anything short or long term for BYOC, they are still an SEC filer, and the long term goal was never to stay on OTCQB anyway. And now it would cost 12k to go back and reapply to OTCQB, more than double what it costed for the application to Nasdaq, which they did in order to understand how BYOC would be considered for uplisting. Cost was 5k to do that. So when BYOC is ready to uplist, I believe they will reapply again.
The pps going low, which is the reason for delisting back to the pink sheets isn't necessarily BYOCs fault... a very massive short and a "large 10 million holder sold into the bid" late April/ early May, along with associated sheep following that large holder. Makes you wonder why someone would sell "into the bid" all at once?
Yes, there has been dilution, which was needed in order to complete the S800 acqs; and the bulk of the Discover funding was absorbed by some large entity late Feb/ early March at a much higher pps than now at (06-07 cents). The rest is possibly in a stall agreement, waiting on traditional or more favorable funding. The other dilution is from the company for "the conversion of certain debt and accrued interest into shares of our stock." See last 10Q, note 14 on page 19.
While OTCX is still active on L2, it hasn't caused to much damage lately or selling into the bid. It will help tremendously once OTCX is off L2 completely. ALPS hasn't been to active and probably was asked to wait for better financing to pay for what ever is left from that debt.
Nothing but facts in above statements and very little speculation.
Now...in my opinion, if BYOC continues to deliver to the plans they said they were going to do and achieve better financing, which will be shareholder friendly, the current PPS is a gift to much much higher share prices. On the flip side, if I see something I don't like in these next couple of quarters or plans not being executed, it will be at that point I may change my thoughts, but I fully expect Geordan and team to execute. So until then...this is, foremost, an investment for me.
Perhaps the fairy godmother is The Stagwell Group, you just never know.
Sweet, maybe we'll go back to the teens, or better yet... TRIPS as some have called.
Pretty please on those trips, seriously
Yes, and Qualtrics was well past being a startup at that point... but from 2016 to 2018, they saw huge growth, which lead to being bought for 8 billion!
BYOC has recently only ceased to be a shell, with 1 quarter under their belt and some want to spin a basically startup re-energizing a profitable business of 30 years as a negative. I can't imagine why, lol
Can't fix stupid.
Time will tell, let's give BYOC more than a quarter or 2 to reduce debt/ expenses and add revenue with new customers and acqs.
That's what real investors do, but unfortunately can't fix stupid.
As Lextrader said, "We be fine HT"
For other notable companies, lets add Qualtrics who got bought by SAP at a 20X of revenue!! (who is also listed on BYOC 10K, page 10, under
Market and Competition or just hit control F and search for Qualtrics, link below)
https://www.otcmarkets.com/filing/html?id=13357532&guid=JmsfUFr_DsiJBth
Here is an article at that time talking about the acquisition, so there is plenty of legitimacy and growth in this industry.
https://joshbersin.com/2018/11/why-did-sap-pay-8-billion-to-acquire-qualtrics/
I thought this was spot on for similar companies to BYOC:
https://about.crunchbase.com/blog/saas-valuations/
Thanks Lextrader on your thought on BYOC, it's appreciated!
Wish it would have helped, lol!
Pure opinion again.
Funny cause Jean is helping turn the company around with new technology, young talent!
Obviously the filings don't look the best, they've only recently ceased to be shell, so why don't we wait for them to reduce expenses, as Geordan said.
If it was that crappy, I would have sold then, duh
S800 had 50% left to fill capacity, with awesome margins, filling with new contracts with customers, M&As, and organic growth.
Sounds good to me.
Next
100% opinion for BYOC newbies and my opinion is quite the opposite, BYOC got S800 for cheap considering this industry, but I guess that's we have both been here over 1.5 years, lol.
If I shared the same opinion, then I would have sold a long time ago.
Since we have newbies concern's in mind, lol...Then we should also let them know this:
https://twitter.com/IncByoc/status/1141958280077545473?s=20
"To address the QB question thats been floating around. Since the execution of our plan is being facilitated by our revenues and EBIDTA. The exchange we are on doesn't effect us moving forward. We still have to provide all disclosures required by the SEC."
&
https://twitter.com/IncByoc/status/1142129868722847744?s=20
"What we were getting at was that the recent news of path ux, deal with issues and answwrs and the funding for issues and answers is not contingent on being on OTCQB, we’re not trying to say we will let it slip down , what we are saying is short term goals are unaffected by it.
Contiuned: we are doing everything we can as fast as possible."
As we know, BYOC plans to eventually (when it makes sense for the company and pps) to uplist to a higher exchange, NASDAQ or NYSE. And many company's uplist right from Pink sheets to the higher exchange...I counted at least 15 of 58 that did it, and many others just said "the OTC", so even more companies uplisted from the pinks:
https://www.google.com/amp/s/pubcoceo.com/2019/01/09/58-companies-uplist-from-the-otc-to-nasdaq-nyse-in-2018/amp/
To sum it up, while I'd love to see teens again, "cough cough", real investors don't care about this minor delisting, plus the only reason why it may be delisted is because pps is less than. 01. BYOC may head towards that & rise above .01 based on closing above 50 sma today, but the next few days will be telling.
Thanks for leaving out other details for newbies.
With more revenues, expenses reduced, more acqs under its belt, SS cleaned up by removing those off shore shares, among some other nice material events, .09 is a possibility, perhaps higher.
Someone mentioned the stock is worth 5 cents on its worst day as it stands now. Just imagine with more customers and companies coming in.
Thanks for asking.
Yep, see a couple posts back.
4s next week, but I was hoping to get some 2s still.
Darn it
May see 3s this week, .0029 on the ask!!!
Somebody always seems to know something ahead of time, of course this be the season for action. Going to be fun going into fall with VSHC or whatever ticker it turns out to be
You don't say!!! These low BYOC shares have been a gift for many, locking up SIZE.
Plus, this is the otc where liquidity is nonexistent and volatility is a lot more risky, such as with VSHC.
Plenty of better places for larger volume and to adapt position size to the volatility of those tickers.
Just another stone to thru right back, lol
Just to be clear, per rule 144: Geordan, directors, or anyone with preferred shares can't start selling until 1 year after the company ceased to be a shell, so figure Match 2020.
Doing an RS now would destroy thier own shareholder value. Why would they do that when its a fact that current pps is extremely undervalued; plus they know what's coming down the pipeline for significant events to change market sentiment.
PPS is low due to reasons opposite of what the company has been doing, including an unfortunate death of the CEO. Yes, there's been dilution, perhaps to reduce debt which will improve the financials and help get funding.
The intriguing aspect is that 1/2 of Discovers debt conversion went to some entity that bought the shares between .06 to .07! The rest owed could be in a stall agreement, to be paid off later, who knows.
I completely agree. Lack of doing any research, contacting the company, reading filings of VSHC... well, that is just too much work for some here in the OTC or for any stock for that matter... it's easier to just jump from stock to stock, ultimately losing money among the way.
Thanks for your opinions on VSHC, I find truth and agree with them; as opposed to other "cough cough" opinions
Don't forget reducing those expenses off of S800, while filling up the 50% capacity that S800 has for room to grow. This is what I expect to see, plus other catalysts along the way.
BYOC Creeping up.
That's how his father was, as well. As I said, will no doubt, be interesting once we find out.
Appears they are at Morgan Stanley today.
Very interesting!
https://twitter.com/IncByoc/status/1169651275681665030?s=20
Yes, OTCX was nonexistent today, but we still have ALPS.
Delisting has no bearing on short term goals, as Geordan previously stated.
Still a half month to go before that happens.
In fact, when byoc uplisted, it made no difference to the pps. So what is the big deal about delisting?
All in due time, its all about priorities and cash flow, and I believe Geordan is doing things right at the right times.
Boustead was out of BYOC 1.5 years ago, when Maxim was contracted. Maxim only wants to make deals with Nasdaq company's, so when it makes sense once revenues are proved out, I do believe their presence will come on board. Nonetheless, George, Geordan, and the Byoc team must have shown Maxim something of value, otherwise they wouldn't have contacted with Byoc.
I urge everyone to contact them or Stephen Hart of Stratcon for more information. The fact they are reaching out to investors, says to me that this is going to start to get fun.
All, imo
That's assumed with the recent SOS amendment.
Otherwise, a name change is always possible, since they are in the mode of re-energizing the company. What better way than to start fresh, so to speak, and move away from the past.
I'm thinking it's that last note that is converting to BYOC shares.
Hence why we have more selling than buying, as someone so politely is letting us know, lol.
Either way, someone is buying covertly down here, cause they know the value and gift this pps is.
If more people would hit the ask, then we'd have more buying than selling, either way shares are coming from the same place, so it's a mute point whether there is more selling than buying or vice versa.
Reverse split is not much of a risk if it is used for uplisting and the current pps is undervalued for what is coming down the pipeline.
An RS should in theory attract investors that wouldn't normally buy at the current pps, and who knows, maybe that's what is being communicated to BYOC.
An RS also depends on what average you are holding at, as well.
Risk/ reward all depends on each individual, fortune favors the bold!
With Maxim, Lubusky, Stratcon(Hayden IR) all advising Geordan and BYOC team, I'm confident here.
Key Financial Highlights for Q2 2019:
Revenues increased to $1.3 million
Gross margin of 69%
Key Business Highlights for Q2 2019:
Closed acquisition of PathUX
Initiated integrations and growth plans for Service 800 and Path UX businesses
Management Commentary
"Our second quarter results primarily reflect the ongoing Service 800 business, as we had just closed that acquisition on March 4 and since closed the PathUX acquisition on June 4," commented, Geordan Pursglove, Beyond Commerces Chief Executive Officer. We are now in midst of re-energizing the sales engines at both Service 800 and PathUX, initiating cross-sell opportunities, introducing new products and expanding their markets. We expect these initiatives to drive growth over the next few quarters. Additionally, we are in active and discussions and negotiations with several acquisitions.
LINK: https://www.otcmarkets.com/stock/BYOC/news/Beyond-Commerce-Reports-Record-Second-Quarter-2019-Results?id=237432
And yet Geordan was appointed CEO of BYOC and things are moving ahead quite fine, along with opinions running hard here, lol.
https://www.otcmarkets.com/stock/BYOC/news/Beyond-Commerce-Reports-Record-Second-Quarter-2019-Results?id=237432
"We are now in midst of re-energizing the sales engines at both Service 800 and PathUX, initiating cross-sell opportunities, introducing new products and expanding their markets"
Lol, I thought Jean was not fit for her position, as well. Now she is running the show.(scratching and shaking my head here) This is so comical.
Only I know if I sold and rebought in.
Otherwise, loses only come if you sell, who knew there would be super heavy shorting and selling.
Will also see after BYOC continues to execute thier plans, and price goes higher to maybe at .05, .10, or more
I don't care short term if we lose otcqb, Geordan can easily get it once we are above 1 cent again.
Plus short goals are unaffected by it:
https://twitter.com/IncByoc/status/1142129868722847744?s=20
Everyone has their goals in BYOC, and how they want to trade or invest and discuss their "opinions" on ihub.
At the current moment, I'm happy with my holdings and my opinions in BYOC and others.
Also, if Discover is selling into the bid, than of course there will be more selling. Perhaps if people would slap OTCX, than we would have more buying than selling, but the fact that we stay in this range shows that we most likely will stay here until catalyst hit, regardless of selling into the bid by Discover.
So let me get this straight, an investor or group of investors bought 1 million dollars worth of BYOC stock at .06-.08 and they are called sheep?
My guess is they understand where BYOC is going and the future value, and it may perhaps be higher than that range.
IMO, it is the sheeps fault that the current PPS is so low. There was a massive seller or 2 and the rest the followed.
Perhaps there is some merit to the statement in the latest PR:
"During the second quarter, Service 800 signed a significant deal with Thermo Fisher Scientific which reflects the types of opportunities we are going after and can be successful in. Our recent stock performance is absolutely not reflective of all the business traction and success we are gaining in the market. We feel that recent and constant selling pressure has negatively affected our share price and is unrelated to the company's business performance. The future is bright at Beyond Commerce and we look forward to continuing to communicate our business progress."