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More BS!
Ponder bought a few shares to keep the shareholders distracted.
If he really believed in the prospects he would have bought more than $2K worth.
What a joke.
Once the D falls off the symbol, the toxic notes will bury shareholders and the RINSE will be complete.
Get Ready. Trip zeros are on the horizon, then vapor.
I havent been wrong yet!
GLTA & JMO
LMFAO.
Nope, the Preferred shares according to the bylaws can not be ever converted to common shares. They are voting shares only.
That was pre-split.
So less than $2500 in short value. MM's likely needed to short it to allow for a bid.
No retail investor shorts a penny stock. But if they could I would be doing it...
I mean really.. talk about an easy mark.
GLTA & JMO
They reduced their commons to ZERO before the RS.
And they kept all their PREFERRED VOTING shares.
Which now they can convert into commons.
Think about that!
GLTA & JMO
SGSI losing $1M a month.
Once the D falls off the dilution will be epic.
Just to stay afloat. Nevermind any toxic notes that will need to be converted to fund an "acquisition" of Ponder's new ferrari.
LMAO
Shareholders should be livid.
GLTA & JMO
Look at all those Authorized Shares.
750 Million
Wonder why they didnt include that in the 200 to Reverse Split.
LMAO.
Sorry for anyone who bought this over the last 3 years.
And even more sorry for anyone still holding.
GLTA & JMO
Sorry. Current PPS is .40/share
And earlier it was .3X
Which puts it at the lowest PPS to date.
Have a look at the chart, technicals, fundamentals, etc.
Pretty 101 stuff there.
GLTA & JMO
Terribly sad.
Lower lows and lower highs.
Bid gets cratered and then paint on the ASK.
Just like all those other pinksheet share selling schemes after an epic RS.
A fresh 52 week low is just another symptom of a horrific investment.
Even Larry fled the scene, and that says alot.
LOL
GLTA & JMO
As per the recent Q:
Losing $3M a quarter = Losing $1M per month
And cash on hand of $180K.
That math is a recipe for Bankruptcy.
Believe it.
GLTA & JMO
Oh ya.
HUGE SHORT INTEREST! * wink wink *
I wonder who started that lie? Was it SGSI's community marketing team?
LOL
If there is a big short position it was probably started by Ponder and Hayter themselves.
Believe it.
GLTA & JMO
LOL.
Sounds legit.
I think it should have read:
"We are going to claim we are working on stuff that will make you think we are heading in the right direction while we take out more convertible notes that we will dilute on shareholders while they are waiting for the good times to roll in perpetuity."
Hows that. I think I nailed it.
LOL
GLTA & JMO
WATCH!
More Toxic notes coming..
Wonder what that will do to the PPS.
LMAO
Better out with a loss than a tombstone.
GLTA & JMO
Yep. While they bailed out into non-dilutive Preferreds.
And the Ponder/Hayter team “conveniently” let the AS of 750,000,000 ride right through the R/S process!!!
No chance.
They have NO MONEY to acquire anything.
Unless... LOL
DILUTION will put this back into sub-penny.
Believe it.
GLTA & JMO
There you go another 4K shares dumped on the BID.
Guess that tears down the paint job theory.
LOL
Trip zeros cometh. I feel sorry for all shareholders who were trapped in this quagmire by SGSI's community marketing team.
GLTA & JMO
Actually there would have been more selling if the BID didn't collapse.
See how that works?
The BID was cratered and couldnt support the volume that was put down on it.
The next dump will send this into trip zeros - preSplit.
Yikes.
GLTA & JMO
So far the PPS has been cut in half. And after a 200:1 RS.
The OS is now under 2M.
Imagine what will happen to the PPS once the OS gets ventilated by toxic notes and convertible debt.
The company is losing $1M per month and had cash of $180K last earnings report. That math is VERY VERY bad for shareholders.
The company will need to take on massive toxic debt to stay afloat. And any additional acquisitions will send the OS rocketing to 700M + as the PPS drops to sub-penny.
Believe it.
GLTA & JMO
Normal churn for a stock thats almost doubled in 10 days.
Its healthy. It may trade sideways for a bit.
News will send it higher and there is plenty in the pipe.
GLTA & JMO
Yikes. Another RED day in POST Reverse Split SGSI.
Down another 33%
Looks like those with any shares left after the 200:1 RS are getting out of dodge before the convertible notes thaw out and the new ones hit the market.
So much paper so little time.
I feel sorry for everyone trapped in this investment quagmire.
HOPE is never a good investment strategy.
'Nuff said.
GLTA & JMO
Only question is if the convertible debt & toxic notes will be offered at .10/share, .05 share, or .005 share
The way things are going I surmise it will be the latter.. they may not even have to rewrite the terms from before the RS.
LOL
Get ready for trip zeros pre AND post-split.
GLTA & JMO
:)
Quagmire indeed.
Another expensive less in pinksheet stock selling schemes.
And like has been said many times..
Better out with a loss than a tombstone.
GLTA & JMO
Old news.
GLTA & JMO
Whats the IP worth of each company?
Oh wait...
LOL
GLTA & JMO
Yep.
Tells you all you need to know about who is in pennyland; diluting like mad on shareholders and who has a real business model with real customers.
The market obviously has lost all faith and credibility in SGSI after years of deceit and dilution.
Once thats gone the rest is just fodder for insiders to line their own pockets.
GLTA & JMO
Yep.
It says alot when insiders divest of all commons to insulate themselves with preferreds and sit out the 200:1 RS that shareholders were victimized with.
Think about that for a minute.
Ponder / Hayter and the SGSI community marketing team should be fired.
GLTA & JMO
Thats not even close to their projections.
And even on those 'revenues' they lost $1M a month.
Yes.. thats a NET LOSS.
GLTA & JMO
Its called REALITY.
And PONDER / HAYTER taking shareholders for a ride.
But the market can only take so much before the realization this is just a blackhole for investment.
GLTA & JMO
A pathetic attempt at keeping the BS carrot dangling going so shareholders dont leave insiders with worthless equity.
LOL
I cant even make this stuff up.
A new 52 week low just happened.
Believe it.
GLTA & JMO
NO. Are you?
GLTA & JMO
Thats not really how it works in Pennyland.
But good luck.
GLTA & JMO
Its the OTC symbol for HEXO. Traded on a different exchange in US dollars.
Current price on that exchange is: $6.30
It moves in lock step with the TSX stock.
GLTA & JMO
Desperate times call for desperate measures.
The inconvenient truth of being suckered into a dilution trap after heaps of RED FLAGS must be hard to swallow for shareholders.
Cant see they weren't told.
The latest 8K basically says they are going to dilute this to high heaven after the 20 day hold comes off.
GLTA & JMO
That always makes me laugh.
I guess all those shareholders of ENRON didnt lose anything because they never sold.
LMAO.
In the meantime SGSI continues to dive to lower lows and lower highs.
Shareholders should be livid and SGSI's community marketing team should be fired.
I cant even make this stuff up.
GLTA & JMO
Another RED day in SGSI-ville.
Balance of Trades today:
https://ih.advfn.com/stock-market/USOTC/spectrum-global-solutions-inc-SGSID/trades
LOL
I cant even make this stuff up.
GLTA & JMO
More BS.
The market is telling everyone where this is heading and the prospects for shareholders isnt good.
Down 60% today.
And then read this:
The Reverse Stock Split was deemed effective at the open of business on September 10, 2018. The Reverse Stock Split will not affect the total number of shares of common stock that the Company is authorized to issue, which is 750,000,000 shares.
The Reverse Stock Split will also not affect the total number of shares of Series A preferred stock that the Company is authorized to issue, which is 8,000,000 shares, and the total number of shares of Series B preferred stock that the Company is authorized to issue, which is 1,000 shares. Fractional shares resulting from the Reverse Stock Split will be rounded up to the next whole number.
New toxic convertible debt is about to come online and preferreds are going to be converted to commons at DEEP DEEP DISCOUNTS so they can dilute the bejeezus out of this all over again.
Should have sold a long long time ago. Vapor cometh.
GLTA & JMO
Isnt 5G what SGSI is currently worth?
Still overvalued.
LOL
Larry was smart to get the heck out of SGSI-ville while saddling shareholders with this stock selling scheme.
Trip zeros cometh.
GLTA & JMO
From the 8K yesterday:
The Reverse Stock Split was previously approved by the board of directors and the majority of stockholders of the Company.
The Reverse Stock Split was deemed effective at the open of business on September 10, 2018. The Reverse Stock Split will not affect the total number of shares of common stock that the Company is authorized to issue, which is 750,000,000 shares.
The Reverse Stock Split will also not affect the total number of shares of Series A preferred stock that the Company is authorized to issue, which is 8,000,000 shares, and the total number of shares of Series B preferred stock that the Company is authorized to issue, which is 1,000 shares. Fractional shares resulting from the Reverse Stock Split will be rounded up to the next whole number.
Another inconvenient truth is coming when they convert those preferreds into millions of Commons and start diluting this to high heaven again.
I cant even make this stuff up.
GLTA & JMO
LMFAO.
This one is going back to pennies once the D comes off and new convertible toxic notes are swapped out for old ones.
Down 60% today. Should have sold when you had the chance.
Spread is dropping like a rock in a bottomless pit.
YIKES!
GLTA & JMO
Its adequately valued by the market.
They have 5 Billion in revenue guaranteed over the next 5 years from Quebec alone.
It may churn a bit at these levels but I believe it will go higher.
GLTA & JMO
DUMPED.
Yikes.
BID is getting cratered.
And its going to get much worse.
GLTA & JMO