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I'd say you summed it up quite nicely.
Depends on the contract terms...some contracts the noteholders have the right to refuse cash payoff and opt to convert.
SF*R had that happen to them...they got a $10 million lawsuit settlement and one of their noteholders refused to accept cash payoff so their freshly reverse split share structure was bloated right back up.
Noteholders like that SUCK.
I agree...and hope so!
I think they mean so their shares can at least be sold for a tax loss
None as of yet...I emailed Devon the bight before last and Paul's response was that they were just retained.
I was laughing my ass off last night...I emailed Paul to explain our concerns about the potential for a reverse split and suggested he check out TTCM for a share retirement plan that worked well.
A few hours later, I saw that he was the IR guy for TTCM so he knew all about it........oh the irony.
This is speculation...but while stalking the new IR guy, I found he is VERY big on matching buyers and sellers of empty shells.
Read through his past articles posted:
https://www.linkedin.com/in/paulknopick/recent-activity/posts/
(Nothing directly mentioning IHSI that I saw)
I have a feeling he may be directly involved in the acquisition that was filed in the recent 8-K.
Nothing unexpected. Just no good surprises.
Where the heck you been?
I'm not giving up on it yet, but I seriously decreased my position...this Q really was quite disappointing but not completely surprising. I just hoped we'd found some new revenue sources or something that would appear on there.
Take notice of the loan they received from Cyber Security though (that was paid off)...maybe they're the ones helping finance the lawsuits?
Half correct,they dismissed it against one of the two-related parties because that party had no involvement whatsoever so there was nothing to dispute.
I had the same thing occur in a lawsuit against a former tenant...we sued all listed owners of the business individually, but we ended up dismissing one of the listed owners from the suit because he never signed the lease agreeing to the terms he was accused of breaching. The case was still solid and still continued (we ended up settling in our favor), just without his involvement.
I don't think it does...ransomware is typically downloaded either via a misleading attachment or automatically via a script on a webpage.
If I'm wrong and it does, we're sitting on a goldmine though!
Re-read my post...you misinterpreted it
To the best of our knowledge the O/S is less than half the A/S.
The answer to your question isn't because an R/S is imminent. It's because they went dark over a year ago and this is a straight up gamble as to whether they ever get current again. But as we're seeing, the possibility is growing more and more likely.
Also notice the volume beginning to increase as people start to see the potential with the 8-K filing and now the 10-K and new PR firm.
An R/S with confirmation of no more dilution and no need for future dilution would put us in a very good position for future growth with a clean share structure...and at this level would likely be the only way it didn't completely destroy the stock since it can't drop any further pre-RS, buuuut because of what most companies do (diluting post-RS), I'd rather not see that happen. Too risky in the OTC.
I'd like to see a large share buyback or a large long willing to convert their shares to convertible preferreds for x amount of years or x price so it cleans up the share structure until the company gets stronger.
I'm up to 25 million...I'm either going to love life or cry for weeks. lol
That was for 2015...still gotta update through 2016, but I'm confident it's coming
I just got this too!
Capital One Investing SUCKS for high-risk sub penny stocks...I started with it and when it pulled that crap with me, I opened an acct with etrade. TDAmeritrade is good for sub penny stocks as well.
It was 50 and 1...my 1 million share addition (OCD...needed a million to get an even number of shares lmao) executed at 2:26pm.
It took me almost 3 minutes to get it filled too considering it was at no bid when I placed the order.
Grabbed me a lil more today... hopefully we can get some updates here soon.
When SPC* announced it's RM with Pixel Mags and ran...what was the share structure there and what kind of revenues were anticipated?
Anybody know? Trying to get an idea of where this could go once things are announced.
Exactly...somebody put an awful lot of time into this deal for it to be meaningless.
Just an FYI...
For what it's worth, I did speak to someone at Industrial Finishes last night and they are still distributing True Green Poly. To the best of their knowledge, there is still a relationship between them and HCTI.
I am the worst person at predicting reverse splits...but IMO, it would be premature since the AS isn't maxxed out. Not to mention, I don't think they could even get an approval from FINRA since they're currently delinquent?
If they got current and posted some updates, I think that alone would bring the bid back and get things trading well again.
Reverse splits in the pinksheets serve two purposes:
1.) To reduce the OS so the company can dilute more (unnecessary for IHSI)
2.) To bring a bid back and get the stock trading again, usually so notes can convert (unnecessary for IHSI if the dilution is over plus can be better remedied by simply going current and reopening lines of communication)
Reverse splits are only temporary solutions as they generally drop right back to no bid in the matter of weeks, except then they also have the stigma of f**king their shareholders over so it's hard to recover.
My $.02.
Exactly!
And on top of that, what makes me feel this is more legit is that we're not getting news trying to hype up a reverse merger or buyout, etc. They just randomly file an 8-k with no follow-up explanation. That screams legitimate with the "you'll appreciate the news when we give it to you" attitude.
(as opposed to..."we're going to hype this up, unload the remainder of the AS into the OS, pocket the money and run!")
I know basic elementary school math isn't for everyone, but $.0002 to .0001 would be a 50% reduction.
Guilty.
Thanks, too impatient to try for 1s so tossed in a bunch on some 2s. Looking good here!
Trying to keep PPS down to buy back shares?
"Final rejections" are very common from what I've seen and I think the patent attorneys for the creator get the opportunity to argue their case and make necessary adjustments for reconsideration.
Don't quote me on that but another play I was in received "final rejections" and soon after, received the patent.
I think it was TT*CM if you want to try to find the patent and compare the process to SFOR's.
ACS has no ownership interest in the patents pertaining to the lawsuits. ACS has agreed to purchase the keyboard encryption patents/products. The lawsuits involve the Out-of-band multi-factor authentication patents and products.
Neat article but what does any of it have to do with EEGI?
Hope you're right...I'm sick of the slow bleeding
Ya think?
The point is that we didn't get the $3xxK in revs from the first 3 Q's. We got it from all 4.
People are saying, "Well, we had all that in the first 3 so we had negative revs the 4th! How did we go from over $100k in revs the 3rd Q to NONE in the 4th?!"
No. The auditors adjusted the numbers so we had less than initially reported for each of the first 3 Q's and then we still had revs in the 4th Q as well. How much, I'm not sure because I don't believe the 10-k gave a breakdown of audited revs per Q. Was it disappointing seeing our year end revs less than the 9 month revs? Yes, for sure, but the point is that we didn't go from steady growth in revenues per quarter to a sudden loss of all revenues in the 4th Q.