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Actually, my investment in another (real) biometrics company RXSF is up over 300% in just 3 months, and they are trading in the DOLLARS, not double digit pennies. SO yes, my other investments are doing just fine, thank you.
We will see, I looked at the transaction documents, and I looked at Worldventures website .....AVAON, AMWAY, etc... all come to mind. And when the CEO calls himself the "Chief Visionary Officer", images of WACO dance in front of me. GLTUA
This is just BS hype from a company that took a sharp left turn. Whenever a "technology" company gets in bed with a MLM company, NO GOOD EVER comes out of it. Will revisit in 2 months to pick up some sub penny shares. This management team NO EXPERIENCE with consumer products, and the device isn;t even really a biometric product, so they went into a market they don't understand, gave away the shop to a MLM firm, and its not even within its core competency.
The company puts out updates when there are updates to put out. It's not a PR machine. Its a technology company and in healthcare, medical device deals takes MONTHS to secure, not hours.
BS - there is NO DEMAND to accept or use the Wocket product, and a MLM marketing firm that took 75% of the cash investment, as well as a boat load of stock isn;t going to create demand either. You'll see.
Looks like they want to start sticking it to BMAK. No one is selling into the bid, sooooooooooooooo
Only if buying keeps up, if not, back down..........its obvious now that BMAK is covering. At some point with no one selling, it should move up. But they will try to cause panic.
May be why a great firm like Cantor Fitzgerald is on the box now........... maybe getting ready?
BMAK blocked the market at the ASK, pushed the price down, and has already covered IMHO, about 3,000 shares. Not sure what the crime is, but whatever it is, I am SURE Lorraine will see that through as well. Like I said in the past, theres nothing like a woman scorned, especially a very smart woman. I feel she is looking out for us and will get out on that limb to protect us. Meanwhile she must have a lot on her plate, dealing with the stock, and now at the show presenting the company. The least we can do is show our support.
Release is one thing, a reverse split a completely different animal. Most OTC stocks fall hard and fast after a R/S. Mr. Ross is a smart guy though, so fingers crossed. Definitely no uplist unless there is a reverse.
I think that Mini Safe is a killer. Has a 4 times a day pill compartment, and bluetooth reminders to your phone. Depending on price, thats something that can be used every day by everyone.
BMAK clawed back 3,000 shares so far. They will continue to screw this pooch until they are filled. Need new blood, new demand.
Now you are going back and hanging your hat on half your statement. Interesting. Of course the O/S went up. The CEO said so, but YOU SAID, the float went up because the O/S went up, and Lorraine said the ONLY reason why the float went up was due to the conversion. So its a good try to back step a bit, and no one is holding your feet to the fire.
We will see how the rest of the week goes.
Well when you start speculating on dilution without the ability to point to any concrete facts, you are no better than YD, whom you know has skewed every single post in a negative way. You are right about demand, and with limited supply we should be seeing much better PPS performance. But your analysis of float dilution bears directly on the supply question, and whether you want to admit it or not, statements like the increase of O/S increases the float, well, is wrong. Period. It has a negative effect on what traders perceive the float to be, so next time, I suggest you use your understanding of things more judiciously.
Oh, you need a lesson on stocks. The float accounts for all free trading stock. The outstanding shares do include the float, but an increase of outstanding shares doesn't necessarily increase the float. Companies can only issue restricted securities (non float shares) unless in connection with an S8, S1 or S2 offering, or if the stock is aged and the holder secures a 144 opinion letter. So............
I CAN READ - YOU ARE WRONG
Still makes no sense at all. I have trouble reading that quickly. Maybe you can spell it out for us.
What are you talking about?
Always some ulterior conspiracy theory to cast doubt. Thats all he does. He wants to cast doubt. No a single positive post. He uses this information now instead of waiting for K's and Q's, before he knows what the story really is. Other than that, its just X-FILES CRAP.
And then he moved the ASK down to keep it from running. Typical MM
Cheeky, I am sure I speak for a lot of people on this board that we hope whatever is going on with you is only temporary and wish you good health.
I count 4 Form 4's, including purchases by the CEO!
They are setting up to cover now. They sit on the Ask so it doesn't go higher because people will think they are actually sellers, but in fact, vein high bid tells the real story. Panic sell into their bid so they can cover. They are still a MM and are allowed to play these games. Thats how I see it anyway.
Actually, BMAK is on the bid, high bidder, probably got the message. It also moved away its low ask.
Did you hear Lorraine talk about the criminal charges that the company may bring against BMAK and the others? Looks like BMAK is taking a HUGE risk and exposure right now unless they are trading on their own account. I'm shocked that its compliance officer didn't halt trading this stock in BMAK's accounts. SEC and FINRA are one thing that they can play with, but criminal charges - ? Its just bad business.
That is a blatant misstatement. There have been no conversions according to the company. If there were conversions, they would all need to file form 4's and 13D's. Again a blatant attempt to cherry pick facts to fit a specific narrative. If there was proof, he would point to it.
Its not the same company at all. That company's products focus on automated computerized robotic pharmacy - back of the store fulfillment. Completely different company, different market, different focus, and should not be confused with RXSAFES. Everyone's zeal to try to find the next tidbit of information about this company can cause some confusion. Everything is disclosed or will be disclosed when it is required to do so. WAIT for the company to release info instead of trying to play super sleuth, because there is nothing hidden.
No worries. You got filled lower and as always that's just better for the long run.
Well said.
And the cherry picking begins:
Your at "WHEN" with RXSF, I am at the "IF" with RXSF. Your stating the PRS and Pro FORMAS as fact. You state they "bought" shares, I state they acquired Shares and converted debt at .0017.
You are both right. They acquired shares over the summer for a number of reasons, doesn't matter really what they paid for them or how they were accounted for - they are insiders, and they all took liabilities off the company books. THEN, they also purchased shares in the open market after the reverse split. NO SALES, so your point is just a point, it has not implications AT ALL.
You state converters are in trouble, I ask why would people dealing with RXSF sell now at 3.00 when projections are $17.41.
Again, cherry picking - no one said holders are selling. The term he used was "converters" and that means debt converters, and that goes directly to the release the company put out. Not sure what your intentions are here, but misdirecting the facts will not serve you well. It appears from the filings, all of the debt on the companies books are convertible to a discount based on prices weeks and months ago, not recent prices. So it goes without the need to explain (except to you) that the one converting those shares did those sales based on a much lower cost basis, hence the huge fall in price. So to imply that holders are selling, then coming up with a false narrative as to you questioning why? is really quite disingenuous.
But most importantly and telling, I analyze the RXSF information you place out, and "RXSF Shareholders" here analyze my RXSF position, not my RXSF information, which would suggest doubt in their RXSF position to this point.
Actually, you analyze the information the company puts out in the most jaded and very calculated way, and its obvious the vendetta you have with CHEEKY which I understand is well documented personally, and on IHUB as well. I would suggest if you have a beef with him, to not take it out on the company nor its shareholders, which is in effect, the end result of what you are doing.
I guess it is easier to PAINT a Rosie picture of what could happen with RXSF, then what has actually happened to date since 2005 with this patent.
The patent was not acquired by the company until 2010. But you know that. The age of the patent is irrelevant, other than trying again to paint a negative picture. Its more important what that patent is and how it protects the companies products going forward as well as preventing competition, and you knew that as well when you again referred to the date of the patent.
Todays news....is nothing more than the company TRYING to demonstrate the size of the potential market with this new venture, claiming they already have 500K members and getting 80,000 members every week? What, did they just start this a few weeks ago? No, they have been doing this for years. This is a BAD move, considering the amount of stock, warrants and OTHER consideration that basically eats that $2m down to a net of about $500K. The Wocket is an absolute failure, it has no place as a rewards card for a MLM scheme, and is antiquated before it was even released due to other technologies already existing. This guy Gino has no clue, and whomever else is driving this is no better.
He claims neutral but its FAR from that. And if the company put out that information in a PR, I am sure it can be verified by its SEC counsel who probably had to approve the release before it went out. So the continued conspiracy theories that she sold stock, the insiders are selling, there is hanky panky going on is nothing but pure conjecture and BS. Seems like some of you are looking for a reason for this to fail. And then that goes to motive whether you play high and mighty, neutral or otherwise.
Seems that the more transparent she is, the more she is attacked for it. Go play with the soft drink companies, they are more interesting at the corporate level.
Looks like they printed it at $3.74....just because they could.
Shameful painting for 14 shares. Shameful.
Picture you are in a cement pit with a steel grate about 15 ft above your head. The pit starts filling up with water, pushing you to the top where the grate is......BUT, the grate is LOCKED....HOLY CRAP! You push your nose and mouth at tight to the grate opening you can before the water overtakes you and you drown. Now, if your friends NITE and CDEL are floating near the bottom and have their hand on the rubber plug, they can play with you, raising and lowering the water level, just enough to watch you wallow. Or they can pull the plug and let you breathe.
Now, the guy controlling the flow of the water puts it on full blast, and there is nothing your friends can do to help! Water blasts pushes the Ask, rubber stopper holds bids down.
I disagree, no one bailed on the way to $7.50 2 weeks ago.
A little pressure on the ask, you will see bids fly up in an attempt to cover. According to the release, BMAK is short. The certs were not delivered and they know they have a huge problem. Probably close to 20% of the total float, and more like 70% of the actual (non insider) float. 70% short on the float - surprised its so quiet here.
The CEO already published "some" information about a "new product", guess we have to wait for more info.
The MM's know that a 100 share order will be carried and printed by the financial reporting sites, and sometimes they don't want that to happen. So they will break the trades up into 2, both under 100 shares, purposely so the amount or percentage loss/gain are not reflected. For instance, the last trade was at $3.75, but shows last trade at $3.25. because it wasn't printed as 100 shares. Just another MM cheap tactic to give the impression of something it isn't.
NITE may be getting ready to put the hurt on BMAK - 2000 shares at $3.50?, may be able to get $6.00 for them soon...... from BMAK, LOL
I am guessing they are short more than the 28K shares that was in the PR. Guessing only, maybe close to 40K. Whatever it is, its bad....for them.