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Thats the point of audited financials, which by the way I just contacted the auditor partner to get an idea of how they audit their companies, which for GSTC has been 10 years, so they must be doing something right. He said that there is always the possibilities of companies trying to cheat but they have procedures and framework in place to try and catch these kinds of shinanigans. I was even offered the opportunity to talk to the actual person who did the auditing but I declined as I dont see the need for it but you may want to do so to relieve concerns. If you do, let us know anything you find out.
welcome, I did also hear it's going well, whatever that means, take it with a grain of salt, as mexico has never delivered for us, which includes of course Mirage.
more like $500, not much, but you cant win if you're not in the game. Unfortunately Schwabs $7 penny stock commission eats into profits, Fidelity is free but juggling cash causes me to have to use Schwab for some of these pennies, I try to avoid as much as possible.
Just curious have you ever talked with the CEO, not that it would make a difference one way or another as you appeared to have formed your opinion and b/c people can say whatever they want but the CEO does have to be careful about outlandish talk.
From everything I can tell this is a legit opportunity. Going back over the filings there does seem to be a huge delay in making anything happen but these things do take time and have starts and stops, roadblocks etc, and we aren't guaranteed anything but I like the risk/reward at this point in time and share price.
wow I got a fill at the open at .0043, I have no idea if there is more to dispose of but there does seem to be a group of people that are willing to buy under half a penny, or even much higher which I personally wouldnt do. Lets see what the shareholder letter says, it better not be making wild predictions either.
oh I dont see a lot of posts as many folks are blocked, but I can tell you that ring tone is not necessarily a way to determine if someone is international or not, depending on where they are internationally it can vary, I ought to know having worked in telecom for decades. I dont now if if he is still there or not, but again, I wouldnt put much stake in it except to indicate that Mirage has not given up. My understanding is that trips wouldnt be made unless there was assurance that something could come of it, but there probably are exceptions to that as well - always good to show your face from time to time and keep up the relps. Vacation is mentioned below, there is no time (or money probably) for vacation, and certainly it wouldnt be in Mexico thats for sure.
no idea what you are talking about, international cartel ring?
I have no info on how the trip went / is going. based on results we have had up to now, I am not counting on anything. One day it could be different for sure, but if thats a month from now, or years from now i have no idea and i dont think anyone else does either.
yeah wow I should be careful what I asked for, got my fill at .0046, absolutely its a specific seller.
Any buyers, let them come to us, dont chase
Thanks, I understand the risks and the poor history, I'm willing to continue giving this a shot at these prices but not higher. I've been able to trade my way here, and still underwater but better than where I started.
I understand completely, its not trivial to burn cycles and expense to create two separate companies. I am giving them the benefit of the doubt on the reasoning here for the time being, and focusing on whether both businesses are legit self-standing businesses which I believe they are. Then there's agriculture. Thats the problem is all of these vertical markets built on related technology I guess, gotta figure what to do with and market and extract value from them.
look, if this was so easy then everyone would be rich. You have to adapt and overcome, so, in this case, say one does get in at higher prices, I think 5 cents is too high to have started buying this stock, but lets say more like 3 cents, whatever it is, if you average down heavily at this point, at worse you should be able to get an average around 1.3 cents or so, probably lower depending on how much you bought at higher prices. On the other side of the ledger, if you believe this is all smoke and mirrors, then you should sell, but only after a rally to say .007+. Those are my thoughts.
I think that BOTH ENTITIES Oil and Gas vs. Healthcare are legit businesses and breaking them up is done probably more for the reason that it's hard for investors to get their arms around disparate businesses. People tend to think in Silos and if they cant, they may not want to invest at all. After all how would one "categorize" PCTL currently, not so easy. Personally, I like both businesses and they are expanding both businesses equally from what I can see.
Well I went against my advice from yesterday and got suckered in at .0049, but have lowered my next buy to .0046 ... no more chasing LOL
I did see it and I dont like that they reset the price to 1.1 cents which is infuriating. I so think it will run as they start to put news out, they have a lot going on I believe more than they might be saying, but probably need to time their news. At this price though I am bullish and surprised the price came down this far. I have had to trade it a lot to keep my average low but still, that's a lot of work to do for what - the stock trading at a penny, disgraceful really.
the company doesnt sell shares, individuals do, now they could get stock from the company due to loans/notes, but its not the company selling their own shares, i doubt they own any shares.
well gold has rallied and Signature has not participated one iota, in fact just the opposite you can argue it has come down in price. I am stink-bidding b/c I know there is value there, regardless of the gold price, and that value is a hellava lot more than where it is now.
Something is definitely going on with the company, people just havent figured it out yet or dont believe it. They're filing and they have revenues in what is a growing space. If the shares at a penny are not cheap, then I dont know what is. Grab them while you can, I doubt we'll remain down here for too long. I now have a lifetime avg at a penny, and let me just say, that has been a ton of work, considering my first purchases were around 6 cents when this was the old Cartel Blue trying to sell blue jeans.
one thing is confusing to me, is it all cash or is their stock involved (on the TLSS side), that is, would our financiers be willing to fully finance that amount? I can only imagine their doing so if the company is profitable and there is a guarantee we can somehow pay the loan.
The SPA provides for a purchase price equal to $2,250,000, payable in cash, at Closing, subject to a reduction for debt assumed in connection with the transaction and a post-closing adjustment up or down determined by the amount by which Severance working capital at closing exceeds or falls short of the target working capital on which the purchase price is calculated.
The transaction is scheduled to close on January 31, 2023, subject to the completion of satisfactory due diligence by TLSS to confirm the accuracy of Severance’s representations and warranties in the SPA and that Severance has not suffered a material adverse change in its business. It is also subject to procuring acceptable landlords’ consents to Severance’s assignment of the leases for its operating facilities to the Acquisition Sub and to TLSS’s securing financing for the cash portion of the acquisition.
I've seen their trucks on the roadway in my area, never thought much about it but maybe I'll pay a visit to their headquarters just to sniff around. But this is good, very good.
They have an online portal I see, imagine all the integration that will be going on in the back end with TLSS, can you imagine.
https://tracking.carrierlogistics.com/scripts/sev.pol/facts.htm
well I crossed the 5 mill mark today (with a lifetime avg of .0085, not terrible, could be worse) and I am done buying for the time being, I dont feel comfortable buying more unless the price drops further. i see that the seller must have given instructions that its ok to sell under half a penny, so I have set my rules to buy no more higher than that price. In fact I would advise anyone wanting shares (unless you're desperate for them) to extract the most pain from the seller by making him/her come to you at say .0046, make these people pay for keeping a lid on the price and teach them a lesson
I am shocked that with this good news that the share price refuses to budge. BUT that said, these guys are executing, they are doing exactly what they said they would do, albeit slight delay, what more can people ask of them. The stock price will need to take of itself, I dont know what else to say, except that this is a gift for anyone who hasnt gotten on board at this time, wow.
here is a link, also can get it from the sec.gov
https://www.otcmarkets.com/filing/html?id=16306456&guid=ews-keKroLd-B3h
To answer your Qs....
What do you think the likelihood that MW/Mrge is trying to get current?
I am till trying to figure that one out per the post you just responded to. I believe so but have limited visibility.
For example, is he waiting on Mx, throwing in the towel, or what others have been saying it was/is all bs to begin with?
Absolutely, regardless of what you read on this board or other places, this was NOT BS to begin with, far from that, countless meetings and visits in both directions. BUT that's from the Mirage/US side, whether Mexico has been BSing and stringing us along all this time, I simply cannot answer that b/c i do not know. Maybe they want to execute this projects but only under certain terms where they literally cannot get out of their own ways, that's my take ... politics, bribes, etc. Call and talk to Ward he'll give you his perspective, but even he doesnt really know as he's not an insider to Mexico.
Well, a trip to Mx after Biden would be encouraging however, is your source of information/knowledge a valid one or do you think rumors?
yes he's going, he's gone countless times, the only difference is that it's been a few months, I wasnt expecting any trips during remainder of this administration per the articles we have found, but anyway I wouldnt put a lot of stock into anything coming of it at this point in time but who knows we always used to say that one time it will be different and it was just a matter of waiting for that time. If we can get something done in the next few years, anything, I'll take it. But I can tell you that Ward has believed in executing these projects for decades, and while fairly worn out, he hasnt thrown in the towel but Im sure he's gotten close.
I've been racking my brain trying to understand the process of becoming current under OTC Markets, and after a call with OTC Markets where I was basically talked down to and humiliated to some degree, like "do you know what FINRA stands for and what they do", I am not that much farther along than I was beforehand. I was directed once again to the web site where all the public facing info is provided and that's basically what we are going to get. But here is a table pointed out to me that may be the best thing we have as far as a generic set of guidelines but it was made very clear to me that the process may be different for different companies and that OTC markets would help the companies coming to them.
https://www.otcmarkets.com/files/Quote%20Eligibility%20Chart.pdf
Well I dont work for the company and so I have no "in" to get the insight we would like. Someone I know in the small cap space who also by the way knows Michael and with some associates made a killing with Tidelands also has contacted a high end OTC attorney after which he walked away saying it will be very difficult to revive a company that both of us are in (he has a lot of investors in it - ESGI is the company), and that he's not going to even bother trying to get them out of the expert market b/c FINRA is so strict and wanting companies that are operating companies. What all this means I am sorry I dont know, I will continue to delve into this arena but I feel its above my head which is sad, but anyone else who feels like they can get an understanding feel free to do so and share. But my takeway is that its not straightforward what we are trying to do climbing out of Expert Market and that there is more to it than getting an approval of an application to OTC Markets even though that's what we've been thinking.
In the meantime, my understanding is a trip to Mexico may be in the works this week, obviously none of us would hold our breath those people are so corrupt. Also hoping for some lemoncello from lemons here in the US (I was recently in Italy for family vacay and can attest to another great use of lemons besides lemonade)
10-K filed !
talk about dead money this has been, very discouraging. I know for sure that the company is doing what they should be doing, but the timeframes are just astronomical. Nothing to do but wait it out, but I feel the price is great down here if you want to build your position.
I talked to management. There may always be some dilution if they decide to pay vendors with stock I suppose. Any acquisition will be some kind of debt deal where the shares issued will be locked up, they're not going to dilute the company immediately to pay for another company, there's surely a clear plan on how the share structure would develop
they have to me, but go ahead hear it for yourself
they'll call you back and answer whatever questions they can. dilution is done
they are totally on top of their filling game, that's the least of our issues. Cant say that for lots of Pink companies, check that one off the list.
I give it a year. I am not necessarily putting a revenue number out there just yet, but I am looking for a serious ramp up in that period of time.
got some GSTC near the lows today. The CEO said we'd get an announcement and I have no reason to believe otherwise, nothing is guaranteed of course, but I'll take it
good price to pick up shares on the relative low
It is effectively a startup, many of those early years were ultimately a failure and Steve didnt give up, nothing more complicated than that, it's not different than other long-term startups that have starts and stops. It is what it is. BUT this time, there are no excuses going forward where products dont work, etc., this is an entirely new paradigm. Anyone invested in the past lost out unfortunately unless they stuck with it as I have.
where did I say there wouldnt be more dilution. There will a LOT MORE dilution, do you read my posts I have pointed that out multiple times including to you like yesterday.
How would this sales guarantee no dilution, they are nowhere near profitable yet, they will get there, but it takes time to build a business.
You want detail, you got detail ... direct new and existing, dealer channel, new dealer, existing dealer, my goodness what the hell else do you want. Let these people do their jobs and stop calling it a "scam". You think its fake, then contact each of the dealers and ask them what they think of the products that they are representing and determine of the dealers are lying to you or not.
.............................................................
The configuration of the 42 RAD devices placed on order is 25 ROSA stationary robots, 10 ROSA-P, switched-powered, pole-mounted solutions, 5 AVA access control devices, and 2 TOM autonomous visitor management solutions.
“This is the type of sales announcement we have been building towards,” said Steve Reinharz, CEO of AITX and RAD. “The mix of these 15 orders is a well-balanced combination of new or expansion business, and dealer channel versus direct to the end-user fulfillment. Our sales team has worked hard to earn every single one of these orders and we do not take them for granted. Now it’s up to our production and operations teams to build and deploy these 42 devices ASAP.”
The Company has identified the order type (dealer channel vs. direct, new vs. existing) of the 15 orders placed.
Nearly one-third (31%) of the units ordered are for existing direct end-users, broadly expanding their deployments of RAD devices;
Over 21% of the units ordered are through existing dealers expanding RAD device deployments at existing end-users;
Nearly 20% of the units ordered are for new direct end-users;
14% of the units ordered are through existing dealers with new end-user business;
14% of the units ordered are through newly signed authorized dealers bringing RAD new end-users.
“As shown by the depth and breadth of these multiple orders, RAD’s sales pipeline is flowing with a wide variety of high-quality opportunities, new channel partners and new end-users,” said Mark Folmer, RAD President. “I applaud our business development team and dealers for helping RAD start the calendar year with a bang.”
Continued to buy down to 50 cents, could that be a bottom, hell if I know, but it's a start. Problem is that options are off the table now, and the exchange wont add .50s or 1s, making hedging with the 2.50s almost impossible, the only one that can be written is the August 2.50s for maybe 15 cents, if you're lucky.
Thankfully we bounced off the washout last week, I was sure to pick up shares though a bit nervous in doing so. At this point I am starting to trade it in a range, if it goes up from here I would be selling and down I would be buying. The fact that it came down so far is scary, very very scary, what dont we know is the question. Actually what do we know is a better question.
I really hope that this comes through. Actually I am almost 100% sure that the deal will close, my concern is if some shenanigans occur where somehow the price is pushed down, I dont know exactly how, but it's just a feeling, besides the fact that we're so close and people havent bought it up to the .20 range, as if they dont trust the deal will complete, which again, I am not concerned about, it will happen.
Way too high in my opinion. Lets go with 2 cents and see what happens after that. Actually lets reach a penny first, we have a long ways to go, but it could go faster depending on revenues.
LOL you dont know his financial situation more than anyone else. For all we know the money that he did take went towards paying personal debut accumulated after trying to keep the company afloat.
WHY DOES HE NEED TO BUY SHARES OF HIS OWN COMPANY WHEN HE ALREADY OWNS A HUGE SHARE OF THE COMPANY WITH PREFERRED SHARES, what is the point of adding more risk to an ALREADY RISK situation, that makes ZERO SENSE. He has absolutely NO obligation to buy any shares and in fact if he did I would almost rate that on the level of irresponsibility on his part, and I am a HUGE believer in insider buying (see my posts on many other boards).
Releasing names of dealers and customer, hmm, how many times have you and others brought that up, seriously, after all of this time you keep bringing that up? Let me be very clear about this - THIS IS SECURITY - THESE COMPANIES DO NOT WANT TO ADVERTISE THEIR WARES - WHAT IS NOT CLEAR ABOUT THAT? IF THEY WANT TO, then such names will be released and in fact have been released. If you do serious due diligence in some cases you can find out the names of some companies, but who cares, its not important. AITX is FULLY AUDITED, you dont think the accountants are checking up on such details? Let me answer that question for you - DAMNED RIGHT THEY ARE. If they find any holes or lies, you would probably find a change of accountants with some lingo as to why they parted ways.
As far as names of DEALERS, oh my gosh, the dealers are always named in the PRs. Which ones end up selling product in what quantity is not released info, but it probably could be, but again, it doesnt matter in the end. All that matters in the end is revenues which is what we are poised to see a huge increase in this year.
Regarding share price and dilution, we're more than well aware of that. If you have a better approach, then approach the company with such a plan, I am sure they'd be all ears.
whats your point about the list of the stuff he has talked about. OF COURSE he is talking about that stuff and other stuff not in that list. They have a TON going on, some things may not work out, but a lot will. How that is equivalent to scam I have no idea. I am sure that the Fortune 500 companies would love to know they are dealing with a scam, my goodness.