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Double BS....TA's are gagged to hide dilution.
Read my previous post and you may learn something. There are no fees when a concerned party calls to inquire about the share structure, ask me how I know
Last one out turn off the lights: heavy dilution coming fast and hard.
$OTTV
That is laughable and totally inaccurate.
There are no fees to be paid when a concerned party calls the TA to inquire about the share structure. That is because the TA cannot prove the interaction when a call is made or the reason for the call.
Fees are assessed when an email is sent to the TA, however, since there is a demonstrable record in this case.
No matter how some folks spin it, the TA is gagged for one reason only, and that is to hide the dilution that is occuring.
Keep in mind that the A/S was raised to 6.9 billion shares and ask yourself, does anyone with the use of their mind believe in a share buyback? LOL
More likely, the A/S was raised by 2 billion, as there are at least 2 billion more shares to be dumped. Ouch!
$OTTV
It is important to note that an 8-K was never filed with the SEC, and so one must call into question the validity of this press release.
3 Million of financial commitment qualifies as a material event, does it not?
https://www.sec.gov/fast-answers/answersform8khtm.html
Also note the "debt instruments" from the mentioned almost year old press release:
You realize that what you are saying makes no sense? If $OTTV were intent on pursuing traditional financing, they would report all their income, so that they could qualify for a business loan.
There is more toxic dilution in store, no point in denying it.
The balance sheet is very clear on what is about to happen next.
And who will pay for the media blitz, considering that the company has $372 in cash right now?
The company currently does not possess adequate cash reserves to launch a successful media campaign, so there is absolutely no merit in saying that a hard launch is even possible with "300 ihub subscribers" who can cancel at any time.
What is more probable is that JF is busy selling debt instruments as we speak, and so a hard launch will come with more dilution and toxic financing. Meaning shareholders won't see an immediate return on their investment, if ever.
$OTTV
$OTTV in "its infancy" needs cash for operations, for salaries, for expansion, and especially for marketing.
Where will that cash come from ITK?
The point I am making is that the OTT industry has tremendous potential, but companies in their "infancy" rely heavily on debt for all business functions. In $OTTV's case, that debt will come in the form of more toxic financing, since traditional financing is not an option right now.
It is entirely possible that the S/P will trade sideways for an extended period of time, or worse retail won't be able to absorb the incoming dilution and S/P bleeds back into trips.
The infancy stage is where the greatest peril exists and the so-called "special stocks" are where many sustain the greatest financial loss. That is because they fall in love with the narrative and don't bother to read the company financial statements.
$OTTV has $372 in cash as of the latest quarterly report. Don't fall in love just yet!!
The CEO is not a person of integrity and DD will show that the previous two businesses (Black River Petroleum and the prescription medication storefront) failed.
The track record thus far has been one of ineptitude. Blocking investors/shareholders on twitter is a red flag that shouldn't be ignored or dismissed.
If Economou can fleece shareholders and turn it around, Rich is as innocent as a lamb..IMO
Panic selling seems a bit overdone, yet Q2 will show if it was justified.
$ICNB
Aye, "news coming this week"...and lo and behold BMIC & VNDM dumping while retail buys into the hype and allure of news. News never came "this week," similarly to how Amazon FireTV never happened on August 4th - it was a ploy to sell shares.
Is not July 25th after July 20th (the date of the PR announcing a 60 day halt on conversions)?
https://seekingalpha.com/pr/16892357-viva-entertainment-group-provides-interim-convertible-debt-schedule-and-reports-significant
So Johnny lied on July 20th, cause as early as July 25th he admits to more conversions. The evidence is damning.
$OTTV
SEC INVESTOR COMPLAINT FORM:
https://www.sec.gov/oiea/Complaint.html
On July 20th - $OTTV misled investors by stating that they anticipate to "restructure" the remaining notes, when immediately following that press release, the company began dumping millions of shares into the open market and into the euphoria that was created by announcing a 60 day halt on conversions.
$DRYS @ 3.40 - settin' for the next leg up.
The Baltic Dry index is our incontrovertible tailwind:
Baltic Dry Index (BDI) 1260 +13
http://www.dryships.com/pages/report.php
So...insiders would have until Monday August 21st before being required to file a SEC FORM 4, if they sold today that is.
Non-insiders such as noteholders and promoters could sell w/0 filing, however.
When Form 4 Must Be Filed:
(a) This Form must be filed before the end of the second business day following the day on which a transaction resulting
in a change in beneficial ownership has been executed (see Rule 16a-1(a)(2) and Instruction 4 regarding the meaning
of “beneficial owner,” and Rule 16a-3(g) regarding determination of the date of execution for specified transactions)
https://www.sec.gov/files/form4data%2C0.pdf
$OTTV
$OTTV DILUTION RED FLAGS - Seeing as the stock was under selling pressure all day, and the T-trades printed at the lower range of the day, I would say the two late prints represent a large seller such as an insider, promoter, or noteholder. You will see that the trades print as sells on the tape to boot:
https://ih.advfn.com/stock-market/USOTC/viva-entertainment-group-inc-OTTV/trades
PROOF OF $OTTV DILUTION - T-TRADES PRINTED AT THE LOW OF THE DAY.
TISK TISK JOHNNY KILLED THE SYMMETRICAL TRIANGLE WITH DILUTION
8/17/07
sell vol: 68,136,780
buy vol: 26,202,662
https://ih.advfn.com/stock-market/USOTC/viva-entertainment-group-inc-OTTV/trades
Clay said that the Bears are gaining traction - the symmetrical triangle has been broken to the downside.
Something needs to happen soon, or it will be too little too late.
And credibility is shot since allegedly they have the credit card functionality, but give me a break, they are too lazy to "flip the switch". ..LOL....W/O the Credit Card Payment Option, Hard Release never going to happen.
How convenient that Johnny has the dilution switch on autopilot
$OTTV
$DRYS - Eager to see where my morning buys will lead me tomorrow
https://www.bloomberg.com/quote/BDIY:IND
I took a snapshot of the prop bid @ .0032 that was being used to manipulate investors into buying diluted shares from BMIC @ .0033.
The SEC should be alerted of the fraud going on here: the bid disappeared as soon as it was touched -- criminal.
$OTTV
Name one lie that I have posted, or better yet go through my post history and show us all.
I've been cautioning folks not to fall in love here with Johnny -- the BS is reaching the breaking point.
$OTTV
Totally agree PB, surprise news is what moves the tape. No need to tweet about anything, just do it.
Johnny tweeting that news is coming and not delivering emboldens the stinky pinky notion. I've been pointing out the stinky pinky stench for weeks, and yet the smell is becoming more repugnant.
Johnny is blowing it big time. $OTTV could have been over a penny by now, but Johnny chose to act like a douchebag and antagonize investors/shareholders by blocking them on twitter and spewing lies at every turn.
If this continues, the rest of Ihub will abandon this ticker, and then Johnny can tweet all he wants to no one.
$OTTV - Dangerous!!! Johnny lied that a PR was coming to dilute like the lying scumbag that he is. Gagged TA & AS Raised to 6.9 billion.. nuff said.
VNDM & BMIC have been dumping since Johnny tweeted about the make-believe PR. Sad that many continue to fall for Johnny's naughty tricks
Impatient retail...Learn to read L2.
Adding $TXTM here @ T5/T6.
I have an IB account...shorting is possible my friend, even with OTC
$DRYS -- the trend is more bullish than bearish (currently).. I wouldn't be shorting beyond $2.80.... You may get B* Slapped by Economou.
Shorts found out last week about the gap and trap... LOL
This unicorn could run more tomorrow. Enjoy.
BTC - $4,402.26 - https://www.coindesk.com/price/
$DIGAF
$Drys tends to break slightly below the trendline due to stop-loss orders more often than not. Volatility is the nature of the beast.
Otherwise I agree, the trend is your friend. I am a buyer @ $2.80 - $3.00
$DRYS
It is likely to revisit $2.80 (imo), but if that doesn't hold, the gap from last week will fill very quickly.
I got powder ready, waiting. I believe GE will do something sneaky to trap as many shorts as possible. Like you say, he is a bastage...lol. And he definitely knows how to play hardball.
GM sir, I received the email this morning.
There are no bad buys in the market...just bad timing.
If Q2 shows $200-$250k in sales....the market should take $ICNB back over .01 and possibly beyond, as Q3 guidance was provided in today's shareholder letter in relation to what the sales of Q2 will be.
Rich isn't exactly a momo scientist, but even a blind squirrel finds a nut once in a while.
Hope to see more transparency from Rich as we saw today.
Well played Petey....more to come soon.
ER any day now.
$DRYS
$DRYS Alert -- GOING HIGHER??? --
DRYS hasn't gone up this many days in row since the last time it flew away to $120.00
Slow and steady to $10, plausible...imo
When Johnny stops lying, I will be the 1st to advocate that it is time to consider taking a long position in $OTTV.
Until then, more money can be made flipping.
No ill will towards you or anyone else on here, as my gripe is with the way Johnny does business.
Johnny is a lying scumbag, IMO.
You'd be surprised by how many thank you's I have received by calling BS on this play.
Those that are NOT holding the bag think I am pretty sweet, while those holding the bag would rather I disappear, hmmmm, I wonder why
$OTTV
It looks like Johnny has BMIC & VNDM on standby until the next PR is released, as I see that the dilutive MM's are already in position
The pattern so far: tweet that a PR is coming, release said PR, and then dump more shares into the concocted news.
I hope that for the sake of many here Johnny does differently for once, but as the saying goes, "you can't have your cake and eat it too".
Remember that PRs are for noteholders, and not so much for retail shareholders!!
GLTA
$OTTV
I will address two subjects that I believe you're discounting the importance of:
1) Black River Petroleum is not a far fetched idea, but rather it is the name of the aborted stock promotion scheme $OTTV ran before the latest OTT go-round. Similarly to how Black River Petroleum was aborted, the over the counter prescription medications scheme was abandoned beforehand. See the excerpt from the 10Q below.
https://seekingalpha.com/article/2139693-black-river-petroleum-corp-why-this-84-million-company-could-drop-big
2) As you have stated, the company will require cash for many things and debt is how you suggested they will obtain that cash. On that we agree, but I believe that you're not fully considering the toll of that debt. Since the company does not possess two years of positive cash flows, toxic financing will be the means by which they borrow. As we have seen with $OTTV thus far, toxic notes increase the O/S and common shareholders take the brunt of it.
So consider this, if the company is legitimately trying to build the OTT business unlike the other two aborted businesses, common shareholders will serve as the ATM until the inflows exceed the outlays and the compounding interest expense - the company may start to do well, but retail shareholders will be treading dilutive waters at every stroke. The latest Q reflects a dismal cash ($372 in cash) and accumulated deficit situation ($15,379,416), so toxic financing is here to stay.
To make matters worse, the transfer agent is gagged and the company has not provided any transparency into the current share structure. I'm afraid the 8-K that many are awaiting will provide that transparency (if/when it is released), yet it is almost certain to show that the O/S has ballooned to 4-5 billion shares. Perhaps the 8-K is not something to be looking forward to after all
Until more transparency is provided, $OTTV is not to be held as an investment. Toxic financing is a real threat to $OTTV retail shareholders, and this threat should not be taken lightly.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12175045
LOL...you may want to go back and reevaluate the error in your statement, as EVERYTHING that I have posted about on this board has materialized as I have claimed it would, unlike whatever cockamamie hype Johnny has been spewing.
Having the CC payment option available and not utilizing it shows poor stewardship, or even worse, it is just another one of Johnny's lies to keep the carrot dangling as long as possible
Here are a few of my posts that reflect legitimate complaints against $OTTV, and I challenge you find even one post where I have been wrong, good luck:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133671499
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133407670
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133434789
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133144350
The CC payment option narrative is yet another dangling carrot.
If it was "truly" ready to go, JF would have "flipped that switch" by now...LMBO
I mean what could they have to lose but potential customers? No biggie, selling shares is easier than flipping switches, apparently.
No wonder the 8K is still not out
$OTTV dangle on
Love the enthusiasm, but you do realize that last November there were only 1.1 million shares outstanding?
Guess how many shares are outstanding this go-round, at least 31,547,436 and counting as per the following filing:
https://www.sec.gov/Archives/edgar/data/1308858/000091957417005750/d7585176_6-k.htm
$DRYS
I think it will dip one more time to ~$2.80, and that is where the trap will cut their jugular.
$DRYS
Just took 23k out in profits - guess I was right about that bear trap yesterday
"Ask not what your $DRYS can do for you—ask what you can do for your $DRYS.”
That flush to $1.85 was Kalani setting the bear trap...imo
Tomorrow should be very interesting.
$DRYS