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We can safely state that those insisting and implying that the 48K CD had been bought by the CEO are stock manipulators not to be trusted.
Once again flippers win on this stock.
Where are all those that said the CD was bought by Brian ??
A PR stating that the note is done and there is no more notes in the short - medium term would bring this back above .001 tomorrow. Its a very big part of the jigsaw.
It removes the sellers as they don't want to flip so low and adds in more buyers. Not been undermined by dilution makes buying easier and selling harder.
The opposite is true if VFIN returned.
If he is it should stop alot of the flipping from CDEL and allow it to breathe a little, time will tell. A confirmation of the Note been bought or retired would be needed for alot of new investors to jump in from the sidelines as they have been caught before.
It could do with a .0006 close at least to start an uptrend.
You finally overtook me. Now you need someone to sell them to.
You do realise the market cap is almost 500k not 200k as you keep saying. 800 million shares x .0006.
A massive O/S and then a R/S may be good for those that buy afterwards. But it would decimate current shareholders.
If you are a current shareholder that is the last thing you would want. I could not care less how structurally sound sound the company is for those that decide to buy in a years time. I,d be more interested in preserving existing shareholders equity.
A R/S very very rarely works out well for pre R/S shareholders. But yes if much more dilution occurs it is the likely outcome.
If true and it is a small enough amount it should pop hard.
If they start buying at .0007, the retail investors would start buying as they have a backstop and not expecting VFIN to dump on them down to .0005, .0004, .0003, .0002 etc.
So the company would likely end up buying just half the shares spending just 60K. Which is probably a lot less than they offered to buy the CD in the first place.
A 2 - 3 week perspective is enough with the right news and the CD bought up. It should be a win win for everybody involved.
Its much easier for Brian to pay off the other two future CD's in a few months time if the pps is .005 instead of .0005. He could use shares to pay those off and not really effect the O/S.
If you expect it to run to .01 then the biggest revenue generator the company can do is invest in its own stock at this pps. 50K would be converted into 1 million.
The company claims to have made an offer to buy the CD, simply use that cash to buys its own stock.
It will be alot more than 200 million if they start dumping as they will convert lower and lower.
Its much much better to try and control the O/S to a semi reasonable level. If the company's news is half as good as you and others claim then this will be at .003 in weeks without the CD downward pressure. The company could then sell 20 - 30 million shares and make their money back.
End result the company has the same amount of money but the O/S is hundreds of millions of shares less. If you are a long term or short term investor that is what you should want.
Now obviously if you are one of those here that have sold and wanted to rebuy at .0002 then the company supporting the pps is not what you would want.
Anybody get through to the CEO to see why he isn't buying these shares on the open market ? He did after-all make a claim that he made the CD holder an offer, so he has the money to do so even if they refused. Thats if he's not lying to his shareholders.
Does he not care about his retails investors equity getting destroyed ??
I tried but his phone goes straight to message.
The pps should of increased 5 fold instead the O/S increased 5 fold in a few months. So we sit where we are while the mkt cap continues to increase the shareholder value treads water. The CEO owning a % of the company has of course seen his value increase massively.
Alot here claimed that dilution didn't matter, they also claimed we wouldn't reach 500 million O/S now we are heading to 1 billion O/S. They are the same ones that are slowly sneaking away and have finally stopped calling Brian god. Dilution and the amounts of it are the biggest factor in pinky stocks PPS not transparency or other related nonsense.
If he has made them an offer then he obviously has some money. He should be purchasing shares with that money from today on to prevent further slippage.
That's of course if he actually did make an offer to buy the CD as stated by himself.
If he is not lying and he did make an offer but they refused then there is absolutely no reason why he shouldn't use that cash to buy shares on the market. That is if he isn't lying or Who is to say that Winters is or isn't Brian ??
At the very least he should be using the money he was going to buy the CD with to buy shares.
If he was willing to spend 100k he could sit on the bid at .0007 and purchase 140 Million shares. That would cover most of the conversions as they would be converting at a higher price. It would also maintain the PPS to a basic level and give confidence to buyers.
It would also bring in a lot more investors as they would see the CEO supporting his own company. He likely would only end up spending 50K as the new investors would pick up the slack.
Maybe some of Brian's friends here might suggest that to him, very very soon.....It would let us know that the CEO actually had the back of his own investors.
Depends what he is offering. I'd expect they wouldn't even look at a 100K offer and would probably look for 150k at least.
They know they will sell the shares. Even if they are selling them for .0001 they will be converting at .00004 and getting there profit.
Its the MO for pinkie CEO's as its always the retails investors that pay the debt off and suffer the consequences through dilution. The CEO then ends up with a debt free company with his percentage of the company maintained.
Thats only if the .0005 bid holds up. If it gets to .0003 they can start converting in the .0001's and then below .0001 and so on. Its the whole reason its called a toxic debt spiral.
The dilution should be the top top priority and concern here for people that care about there own investment, not Brian's. There is a very big difference.
Any pressure that can be put on him here by investors should be done so. Even if he has to pay 3 times the price it will be worth it in the long run. He likely won't as it will not dilute his investment only ours and helps to pay off debt for him.
I don't think you understand, if this breaks much lower, then that CD will be converting at .0001. So you could be looking at up to half a Billion shares added to the 700 - 800 million shares that we already have.
"PPS will come with sales and revenue" only as long as it is not been diluted into oblivion.
Brian can have lots of personal success if the market cap increases in value as his ownership is likely a % of the company regardless of the O/S count. That is not the same for you and me, therefore company success does not necessarily mean we will see a big PPS increase.
If you don't like hearing reality you should put me on ignore or "move along and take your kool aid elsewhere".
That stunt today will drive another bunch of investors from this stock. Brian's priority should be getting this note removed not popping champagne in Boston.
Is everybody flipping tomorrow at .0007 on the stellar news release ????
You may want to check that with coffetogo and Sprycel.
The two posters today that stated the note has been purchased have just been exposed by VFIN for what they are.
.0005 x .0006 with VFIN back, The flippers from this morning have once again been vindicated.
Nobody is going to invest in this while there is 200 million shares waiting to be dropped by VFIN.
If It is confirmed why is VFIN now selling more shares ?
That note is whats stopping a lot of people buying here, it represents 200 million shares of further dilution. It is more important than any other news as it can have a massive impact on subduing any spike and gives people confidence to flip or sell.
With that note still outstanding people will sell on any news instead of holding. Its the note that will determine if we go to .0003 or .003.
So you now are saying that the note is still active ?? and has not been retired.
He may want to clarify his incorrect post then lol.
So you can confirm that the $48K note has been bought by Brian or are you just making stuff up ???
.0004 x .0005 VFIN on the ask diluting again. I assume Brian got a NO to trying to buy out that Note ?
Its not much of a vote of confidence in Brian's stellar news.
You should be saying that when its .005 x .006, not .0005 x .0006 with no buyers.
im not in this stock just browsing, what happened ?
why the big drop ?
6 months max in any stock down here, for a reason. I've yet to see a stock make it out of here, its very rare. They mostly end up like this dilution after dilution with the CEO blaming somebody else and the PPS and shareholders suffering.
Most CEO's at this level are just using retail money to fund their lifestyle or debt, i'll love if this turns out different. I suppose that will be clear before the year end. The PPS is certainly underperforming at the moment.
No, I'd obviously prefer it to go up. You only make money when you sell. I'm not going to sell anywhere near .0005 or .0006.
I'll take the risk of doubling down at .0003 if i have to. If Brian doesn't buy that note back we will see. .0003 or lower.
You should be taking your frustrations out on the CEO not me. If like he says he has money to buy the CD outright and they are refusing to sell why isn't he at least sitting on the bid at 6 or 7 and buying all these shares up.
Sure Marich, buy me the subscription for the year and i'll PM you a picture of my accounts.
Asking valid questions of the company and looking for shareholder value is what we should all be looking for. I'm not here to join Brians transparency fan club, i'm here to make money.
I made 130% on the last flip from .0006 - .0014. If i have to double down at .0003 for this lot which is looking likely then i will. But i'm not hiding from the fact that dilution is destroying this company(for current shareholders) one share at a time.
Probably the largest shareholder here, i just don't stick my head in the sand.
I prefer to judge companies and the CEO on the PPS not how charismatic or transparent the leadership is(thats worthless if it doesn't increase my balance - Investor). Needless to say this company is currently a massive disappointment and is performing no different to the rest of the pinkie scams out there.
Other companies have bought out Eastern Capitals notes without having to pay such a multiple.
However Brian and most CEO's don't suffer from dilution(its why its so common in the pinkies, free money) so i'd doubt much of an effort will be made. We are only shareholders after all and are only here to be used to pay off company debt.
The only thing that might prevent .0002 or even .0001 is that they release all news and create a few days of high volume which they will dump as much shares as possible bringing us to over 1 billion shares. It also explains why the A/S was increased, it was no mistake.
Its likely what they have planned for next week. But again it appears everybody's a winner except the shareholder. They could do with hiring a few pumpers like the last time.