making money $$$$
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You may have said why but not that I can remember sicne I’ve been watching. But it’s moot sicne the rivian company has full fledged production.
Bottom line is that rivian has a truck on the market getting good reviews and is considered to be a great vehicle as where this brand hasn’t rolled one vehicle off the line. This is not a company like tesla with huge govt contracts (hence the reason why that stock blew up as they have yet to turn a profit but will consistently get money from govt for space x).
Now to answer your speculation on why it dropped…. That’s very easy. Investors were unloading shares at alarming rate including the old CEO.
A big concern of mine is the companies now that are already incorporating EV’s into their lineups and they have better marketing, service, etc. which makes it hard for new companies to even compete in that sector. Honestly RIDE’s PPS was a bi product of that damn surging sector which is now cooled off. IF they start production things could be different but by adding 150mm shares to the charter, they are showing that they are trying to raise capital and I have to say it’s bad timing on behalf of management due to what’s going on economically. Seems to me like they were late to the party thus will be harder to sell shares and find decent rates for financing. If they would have made this happen a few months ago they would have been in a much more favorable environment for funding but alas….there’s going to be a recession and funding will dry up.
Who knows though. They could be using the shares to stay afloat during this coming recession as that would be smart to have working cap stashed. Especially for a semi startup company
Why get rid of rivian?!
They actually have trucks that work fantastic. There’s no denying that as most of the reviews that mid sized truck has gotten have been stellar. Plus that little thing is fast as shit and can tow better than a f-250 or a 2500
I wouldn’t call that a solid base.
But to each their own.
From my perspective, I’d like to see pps form a base for Atleast 2-3 weeks before calling it a true bottom. Or even see it pull a double or triple bottom. Also not sure if you were watching those days but those shares going out mostly went into the bid with the SAME MM
Lmfao 60-100k is peanuts for commons….
I’m not a mega multi millionaire but 100k for common stock is always a risky investment for a company with a chart like that and no real outlook on forthcoming ventures
Lol it is.
Private equity investments that I’ve been in pre series A and series B, normally see 100k investments by Atleast 5-10 investors.
Putting 100k into a penny stock (yes penny sicne it’s less than 5 bucks) is by all means a risky investment as I can take my 100k and put it into something volatile and make a quick 20-30% and that’s more than what an advisor can return in a year that’s not in with a hedge fund.
Why risk it here if things aren’t going good?
Also sicne when was 60-100k not a lot of money for commons???
I have larger investments in company’s that have yield and are much safer compared to something that has not produced anything worthwhile yet.
I can’t speak for everybody here but I would consider this company to be a going concern with the way they have unfolded even with Foxconn. Now with that said…again this could be a thing a few years down the road but as of right now this is not looking good enough for that type of risk. Heck I’ve got investments in 2 micro caps that are more than what I would have put into here but I also had to sign NDAs for both of them to partake as I wasn’t putting money up for commons and gladly took preffereds with voting rights and better safety.
As of right now this stock has been lack luster and will continue to do so unless those walls on the Lvl2 come off.
JUST SO YOU KNOW…I’m no paid basher…I invest full time and try to hit my quarterly numbers by doing research
Carl Icahn is a very “cash rich” investor.
Possibly one of (if not) the highest cash position in investing for a proprietary trading company.
He could buy the entire company if he wanted to and not bat an eye.
But somebody had a connection to him, he would have been the first person I would have gone too for funding and I would have gladly given up equity for him as a partner. Sadly I don’t think the company has the financials to back it up yet as I think that’s going to be something to look at a few years down the road
I’ll ask you this:
What makes this a better product than rivian, Tesla, lucid and the major brands that already have serious money invested in EV?
Keep in mind that I’d love to help you guys get off the bottom as I don’t sit bid…
I’ll literally take shares off the ask and if it’s a good company I have no problem going in with $60-100k. Especially with fins showing a decent setup with possible turnover. The next few months are going to be telling for this company as they clearly have a shot at producing income but with little to no advertising and setbacks….there needs to be a reason why somebody like myself who is willing to take more risk by buying in a chart that’s has been dropping?
Please give me your best explanation as to why somebody would drop money in here to invest at this current state. The ozone is almost repaired, unleaded gas is proven to not cause as much eco damage as opposed to leaded gasoline (and not even close to as much damage as r22 or whatever fridgerant oil was used back in the day).
Also for the record, I used to hold shares and now I’m not. I didn’t do too bad with last trade here and was looking for a solid base for reentry. So I’m all for a long term company but with rates going higher they will most likely dilute…thoughts?
The problem i see….
Why raise the Auntorized 30 something percent?
Funding after the fact is a concern of mine as they should have had this all figured out from before the merger or buyout.
The funding rounds they went through clearly wasn’t enough so the projections given by management have been lackluster. Doesn’t speak good for business if they can’t get their number down properly.
My opinion is that this pricing will stay either stagnant and or go down before it goes up. And to go up they need to start hitting projections…not even analyst projections just managements. By not hitting said projections it starts to make investors nervous
Touché
I’ll wait for the pump first.
Then I’ll sell and rebuy.
Enjoy!
Lol you can enjoy literally 150mm shares more.
In theory they are adding 30% more shares….
And here comes more dilution.
Lol nobody sees this buying going on?
This is going to be a solid runner as same bidders have been sucking in shares for almost a year now
Even if he doesn’t….those shares he’s holding would need to be sold at some point.
Otherwise he just traded a turn key revenue producing company for a set of worthless shares. I’m in this one for the long run as it was one of the few companies that used expert market to put them at and advantage.
Sort of like when the drivers of nascar and formula sneak out Infront of safety car just to squeeze a free lap in.
Dude my only life outside of work is golfing with pete.
Other than that I’m on the road consistently anymore….
And it’s getting hard to close transactions.
Lol
between investing and work…..ughhhhh
Dude….
You made it sound like this was IT.
You got us all good there!
Chew chew chew.
Ok….
Watching closely
How’s my buddy doing? Will he be hanging at the spot this year down the shore?
I know he likes bacon….
Damn right it looks ready.
Thanks benwahsauce
WEEEEEEEEEEE
It’s all going to depend on which broker and what fins they post to put a valuation down.
Once they do that they will be able to trade. I expect lots of volatility
I’m just stating facts.
I have a reason to believe that this was one of the few companies that used the expert market “grey area” to their advantage and I have to commend ray watt and Aquino for the decision and quick thinking.
Not many people, including the CEOs and board members of most of the otc companies, actually used the expert market transition to their advantage. MOST of them got fooled into thinking they were forced to sell more shares or convert quicker but some caught on that the rules made did NOT put them in harms way for notes that were in the process of converting. Without a bid or ask to quote, they cannot legally be given any shares and if the companies had revenue they would have been better served to use or refinance their current scenarios to beef up their balance sheets. Less dilution is a big deal with any investment.
Series A and B funding thrives from a tested product or service that could be taken public but they are last to get diluted. The real heavy dilution comes from a VC stage of funding where the company was in startup phase and anybody needing to raise capital after the Vc stage gives up equity which dilutes the VC funder. Once series A and B comes in, they pay the most and get the least amount of equity due to practically being on the way to either a higher valuation or publicly traded via IPO or Reverse merger
GPS associates was Judy Pham.
They rescinded the transaction and got all those shares back. Due to the books of GPS being a mess (which was filed in a 8k)
That’s why watt backed out and got all the shares back and ended up going with a wayyyy better company to take public.
All it takes is some quick research on “certain supply” and you’ll understand that Aquino setup a major turnkey operation with a decent book to propel the pps down the road. Aquino would definitely want this to trade higher for a 7 day period over .35 cents.
Not for nothing.
But I’m watching somebody load up like crazy.
the CYCLE
He’s alive!
Anybody getting tingly feeling…?
Hygenesis?
Lol it’s says 1.6mm
You trying to test?
Promise I’ve done some homework and felt like the high risk is worth the wait.
My only regret is not being able to buy more shares and I even felt like .005-.007’s were a absolute steal. The potential for this when it shows consistent revs…could be a .20-.50 cent stock and if they have legit assets (tangible or intangible) that can produce or help with producing more revs….$.50-$1.00 is also in the cards.
If you think trips to dollars is not possible look at ALPP and that’s was a BEAST. Or even ILUS as that was .001’s before seeing .40’s. Serious money was made there for those that had patience…like super serious 7-8 digit returns. Twas impressive.
Lol I wish I knew more.
All I can do is look at what’s presented and how it’s trading from the L2 perspective.
All I can see is somebody or something accumulating shares and it’s been going on with the same ordeal since it started trading under .009.
Whoever is loading up is doing so with the intent on shaking out other players….I’d like to say we get a small pop just to entice some selling and then it should settle again. Then a stagnent period where it looks like nothing special is happening so people will then give up and move onto something else. After about a year or two when the first investor collected shares at .03 (which can be confirmed by looking at the chart) there will be a huge move north with a small stop above .01’s while trying to shake out more people….then the big push to a new high. That’s the way I think this is going to play out….it’s got potential but just needs the over to be done roasting and I’m pretty sure we’re close to halfway through.
Regardless, Always be watching these stocks as you really never know….but I’d say this does have a decent chance of going 6x-10x from here with worst case scenario being a write off to the yearly P and L. Who knows maybe higher if the fins and numbers work. Also as long as Professor X continues to work his magic, he could very well have a 75-100mm company on his hands with a good share structure and knowing that he’s wanting to buy back shares would only Create more equity for him down the road. Just remember that he’s now got serious skin in the game and it’s too far along now to turn back
I’ve been investing in otcs for many YEARS….due to the changes in how lenders can do business….there will be a lot less scam pumps and more sustainable runs for otcs. They are pretty much low priced nasdaqs.
There are definitely a few stocks that made use of the expert market in which it negated a bid/ask scenario which in turn also stopped dilutive share from coming on the market due to having no real quote.
If you got in before, you would have had to hold through the shit to have made use of those once and lifetime opportunities. This one stuck out with the ceo giving up all debts and now needing to produce. So far he’s been doing a great job and PPS I don’t even bother with as I look at that after these trials and tribulations get baked into the market. That will be a little ways off but I’d suspect not too far.
Interesting….
And we’ve been at this price point for a while.
I don’t mind holding anything anymore as it’s proven to me that holding is a much better payout for some of these than a quick sell.
Dr drew is on my shit list.
If he stated that,
That would actually explain why the walls are up.
But keep in mind, he hasn’t announced an end to reg a offering yet unless I missed it.
I would suspect that he’s got something planned for the 2nd half of this year and it seems like otc is going to get a surge of money
Ty for my Oscar.
I don’t have a speech prepared though!
But I think people should know better to trust a serial scumbag that has stolen from people 4 times before.
Pawson first 4 rodeos were a bust and so is this.
Selling? Or what are you asking?
There wasn’t any way to make money in the last year and the proof is in the chart.
Flippers would have lost money here.
Bigger waves or volatility is where flippers would have made good money but even I wouldn’t touch this as that would have been a gamble.
Pawson and pawson will be paying the price down the road and they know it.
Lol maybe then can reboot the “fuel maximizer” along side the other gimmicks that were a joke like the electric turbo and fake blow off valve and tout that they increase fuel efficiency and make an extra 1000HP on any vehicle. Oh and don’t forget the “fuel maximizer” if installed on a Ford Fiesta will beat a Tesla plaid in a drag race with one of those installed…
Just Becuase the OS isn’t rising DOES NOT mean the dilution has stopped.
The way it works, the lenders or investor that hold exchange agreements get their shares based off what was agreed upon after the 3 or 5 day average pricing gets exercised. The OS will rise after the shares come out of DTC unless they issue new shares.
Either way they could still be holding shares and selling them since they are entitled to a discount. So they can sell them endlessly and not have a care in the world. Underwrites will prop the bid to allow them to exit the position for a “fee”.
I was totally against this as soon as a PR came out about the fake transaction and the pricing and rise in shares shows this was clearly a scam to make the lenders and executives money. If there were any truth to this company they would have never promoted the stock and instead promoted the company itself and the products.
Instead they just kept putting out fake PRs to sell shares. I raised a unibrow after the Apple PR stating they were going to incorporate the stupid uv light into the phone which I know for a fact that apple would have designed their own uv light if it was even worth it…there is NO patent on the uv light so this could have been easily replicated by anybody. This is why there are a ton of UV based lighting schemes going on at once.
I’m getting sick of reading about these types of clever scams as it makes people not want to invest in ANYTHING otc and there are some really good companies if you happen to do homework.
Yes.
This stock is a total piece of Shit.
.40-.001’s….
Pawson should be in jail along with his brother.
This may see one last pump before finally getting axed as whoever is losing this many shares only need to push it up 100-200% from here to make the money they are looking for.