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You did not have an unjust gain so why would you even suggest such. They were issued Preferred B shares in February 2021 @ par while the current share price was @ a rough $1.50
They were on the inside, you were not.
They had to wait in order to tack on and sell those securities....and you seem to forget that the price went up before that could even happen.
And finally, all seem to forget how the shares were somehow issued post split on 2/26/2021(ex date) of the reverse split of 1 for 4 ..which entitled them to an immediate 400% gain...which also gave them breathing room to dilute.
If you made money...great. But, I am sick and tired of individuals justifying something that is so wrong and disgustingly obvious. I am also amazed at how so many come back after they made so much money to defend this entity. Because usual course dictates to just walk away after major bank.
And finally, they did make a ton more money given the first example of transactions only included 10% of their total holdings.
Refer here:
https://www.otcmarkets.com/filing/html?id=15389505&guid=omd-kKgy_Nd-B3h (page 49 - dated 12/27/2021
Stephen L. Foote and Sandra M. Foote as Trustees of the Stephen L. Foote and Sandra M. Foote Revocable Trust u/a/d December 14, 2014, as amended May 13, 2014
- 33,561 Preferred B
https://www.otcmarkets.com/filing/html?id=15557537&guid=omd-kKgy_Nd-B3h( page 49-dated 2/11/2022)
Stephen L. Foote and Sandra M. Foote as Trustees of the Stephen L. Foote and Sandra M. Foote Revocable Trust u/a/d December 14, 2014, as amended May 13, 2014
- 30,205 Preferred B
3,356 preferred were converted to 33,560,000 common shares that were sold into the market from December 27th, 2021(notice volume that day) and Feb 11th 2022
During that period, the low was between .09 and .21; the high was between .18 and .39. The median points are .15 for low and .285 for high resulting in a .2175 median share price times 33,560,000 common shares equating to $7,299,300.00. And that my friend was only 10% of their holdings. They never invested that much into Humble...ever. An unjust gain.
!!! This is not good at all....oh my :
https://securitiesarbitrations.com/lucas-hales/
According to the AWC, in March 2021, Hales, along with two others, created a limited liability company as a vehicle for a tech company investment. As the sole manager, Hales oversaw investments totaling $3,000,000.00 from twenty-one investors, including himself. His role involved reviewing subscription documents, serving as the primary contact for investors, managing accounts, and executing investment related documents. The company apparently had the right to receive carried interest as compensation for selling once the investment in the technology company was finalized, and they distributed a portion of this carried interest to Hales.
On April 14, 2021, the Company entered into a Convertible Promissory Note with Brighton Capital Partners, LLC (“BCP”) in the amount of $3,300,000, which includes a $300,000 Original Issue Discount (the “BCP Note”). The BCP Note bears interest at ten percent (10%) per annum and matures July 14, 2022. The BCP Note is convertible into shares of the Company’s common stock at $3.15 per share. As per the BCP Note, the Company shall have the right to prepay all or any portion of the outstanding balance. If the Company exercises its right to prepay this note, it will be at an amount of 115% of the balance being prepaid. The BCP Note also contains a redemption right, where beginning on the earlier of the effective date of the to be filed Form S-1 Registration Statement and the twelve-month anniversary of the BCP Note, BCP may cause the Company to redeem all or any portion of the BCP Note.
I caught this today...don't really follow it but this was funny as hell:
News:
https://www.otcmarkets.com/stock/GVSI/news/American-Blockchain-Corporation-to-Raise-15-million?id=429654
The reaction..lol:
Not sure which is funnier..the so called "news"...or the "reaction".. :)
I see..probably my fault there. I am not sure anything is very original anymore.....it's all just rehash with additives and a scary headline that usually has nothing to do with the written piece.
I am talking about how they were supposed to do more enterprise type reporting when they brought Dave Levinthal on board as editor and chief. As in "boots on the ground" and sources.
https://www.businesswire.com/news/home/20230118005067/en/Raw-Story-Hires-Two-Award-Winning-Editors-in-Investigative-Reporting-Expansion
I guess they didn't find anyone yet given that they are still copy and paste from another outlet that supposedly does "enterprise reporting" et al investigative with sources. :)
Same old crap
Because they can not write...and Dave Levinthal was supposed to help with that?..as in become more investigative?? :) Nope.
I am sure that this is the same story as the Post .... https://www.rawstory.com/trump-truth-social-financing/ simply because no one actually writes anymore ;)
On purpose..and probably has an autographed Ernie Kovacs picture hanging on some wall .... just sayn'. :) lol
That is literally the dumbest article I have read in quite some time. Of course, you already knew that :)
Just utter trash piece...lol.
Bio, yes ...only a rough four weeks after they submit info. They first need to file a form 211 in order to have at least 4 market makers. This equity is unsolicited..so it's being quoted as such. It should be very obvious that they consider the OTC link a non market, hence no informational update on the OTC link market group's page.
Janice, all social media sites are a disaster. No one should ever invest in one on any scale...ever. Truth Social isn't even open for business yet. You can not scale when you are a closed box....and I just don't get why it is so private except for the fact that it is not meant to be an actual business. It is a channel though..and as I stated before...my reasoning for the SEC stall. :)
Janice, some for sure...but most just play into the hype..as always. The SEC stall has failed to achieve it's objective. I get what they were/are doing, but they have literally run out of time. Almost..that is. I've always had an issue with that SPAC deal given that the cat is running for President. I couldn't find any law preventing such....so it is what it is.
I don't like social messaging sites as a business...so no matter what..to me..... it's dead on arrival.
Janice, it's not the so called Apes. This is how the simple majority buys into the market today. Then again...it's like monkeys throwing darts...so I guess history repeats itself..only this time there is much more stupidity involved.
Janice, regarding DWAC...everything in the market is completely broken and has been since Covid money...etc. Prior to such..it was just irrational, but now it's completely lost and unhinged...lol.
This is how individuals buy equity today..and it's not good.
So..it's that time of year when I look to throw a rough $500 into an issuer via the OTC link. I have never seen so many unsolicited quotes ever...and so many dead shells. Absolutely no market. In fact, the OTC link is unrecognizable these days ... lol.
Oh how things change. And so it goes...
Bull, expenditures have been higher than revenue for the past five decades. Taxing does not get you out of that. Spending does though. Here's an easy concept..all those retirees and "well to do" that received covid checks they didn't need should return the checks. You really want to fix things....nullify or reduce social security payments to those earning over a certain amount..you know..."the wealthy"....etc...etc.
Hell, reduce their medicare by half. There are plenty of things to do in order to punish wealthy citizens for the benefit of all..eh?
But the reality is that you will never see the expected return given the tax code. The wealthy will simply buy more real estate(big problem currently)...via themselves or through private equity funds, set up multiple tax loss business..etc...etc.. also..ie , Susquehanna International Group(look that up).
The issue there is that politicians don't want the codes to change...they just want the rates to change for political reasons(votes/special interest/votes). For they are the wealthy group in the US..are they not? And they are definitely not paying their share price now are they?
Don't be played man. Politicians are crooks and they play everyone(even themselves)....Covid?....stimulus checks and loans?...oh yeah:
https://www.propublica.org/article/these-billionaires-received-taxpayer-funded-stimulus-checks-during-the-pandemic
Yeah....raise those taxes and give the money to the idiots. I mean..hell..the Pentagon has failed 6 audits since 2018..:) Great job !
Bio, if they want to resume quotation on the OTC link, they need to file a form 211. That takes a rough 6 Months..and it may have already been filed. The application process to be listed will taker a rough 4 weeks.
Janice, it wasn't Trumps tax cut....he doesn't understand that shite'. It's never any President's tax cut or tax raise. I don't know who we "is".....but how in the hell do you say that after looking at the huge increase in tax revenue since 2017? I have no problem with wealthy individuals paying a higher tax on high income...and I am all in on a luxury tax for all. But, the tax debate is just stupid. And for fk' sakes'..Trump had no plan for the economy...neither does Biden...or did Obama...or any other previous President.
It's not what you make, it's what you spend ..... that matters. How's that going? And so it goes....
Bull, again..this is a fallacy. The so called tax cuts (TCJA of 2017) will be ending next year. Look at what those horrible tax cuts did..:
https://fred.stlouisfed.org/series/W006RC1Q027SBEA
I have showed this to you previously. What did they do with all that extra tax revenue? Earth shattering ..record revenue... to say the least They certainly did not pay down debt...did they? NO...they just spent it.
bar, lol...I first read that as she already had 5 kids and they planned on having more. Thank God I read it again...lol.
Janice, there is roughly a 12-18 Month lag from when a rate hike is enacted and when it starts to effect the economy. ot written in stone but there is definitely a lag. The evidence is right here:
https://fred.stlouisfed.org/series/FEDFUNDS
The economy was actually starting to slow in 2019, but as noted on the above chart....the reality is coming for many. We have been in a non intentional forced recession since 2020....and even though many may scoff at it....it happened a while ago. If the headlines ever actually start saying "recession"..... that will indicate nearing the end of it...not the beginning. That is how it works, always.
Steve Rattner? ....lol https://www.sec.gov/news/press/2010/2010-224.htm
SEC Charges Steven Rattner in Pay-to-Play Scheme Involving New York State Pension Fund
FOR IMMEDIATE RELEASE
2010-224
Janice, a small blunt knife. It was used by women to gut hearing. So in the context..my reference is to the argument where the notion of any political idealist thinking that their party is better than the other party when in fact both political parties and those that worship them are no better than fish gutters using a blunt knife for their argument.
It's an old Scottish word.
Bar, the reason your son has not sold any stock is because he did not have to....be it need to. It's passive to him. Nothing wrong with that.
No Janice...sorry. Policy takes two years to become in effect....and the lawmakers are the ones that pull the trigger:
https://history.house.gov/Institution/Presidents-Coinciding/Party-Government/
Notice anything there? As I said.....it is just muttle to think that one political party is better than the other with regards to our economy. They just exploit and at time hinder such. But if you want to play that game.....look at the lawmakers in power during those so called booming economies. And so it goes............
No Janice...it doesn't. That is simply political diatribe. The economy does not start and stop during each new president. Case in point:
https://www.federalreserve.gov/aboutthefed/bios/board/powell.htm
https://www.federalreserve.gov/aboutthefed/bios/board/jefferson.htm
https://www.federalreserve.gov/aboutthefed/bios/board/barr.htm
https://www.federalreserve.gov/aboutthefed/bios/board/bowman.htm
https://www.federalreserve.gov/aboutthefed/bios/board/cook.htm
etc...etc....
I just want to bang my head on the desk every time I hear that Republicans are better for an economy or Democrats are better for the economy. Neither of them are... due to the fact that politicians are quite frankly...not that bright. So when an individual says one party is better than the other party...it is just muttle.
The US voter is about as dumb as a rock...just like the politicians they vote for.
Janice, the president if the United States has absolutely no power over the economy and has never had such since the beginning of this nation. The Federal Reserve holds that distinction alone. The only thing that politically elected officials offer up to the table are appointments to the FED. They do, how ever, cause strife within an economy via their spending and bureaucracy.
There is absolutely nothing great about our current economy..at best it is flat. The overall securities market is egregiously overbought though...and everyone knows it. The economy is tapped out .... parts of it have been so for quite some time...15 years to be exact..:
https://fred.stlouisfed.org/series/INDPRO
https://fred.stlouisfed.org/series/CPIAUCSL
https://fred.stlouisfed.org/series/WM2NS
The biggest problem that everyone keeps ignoring...:[color=red][/color]
https://fred.stlouisfed.org/series/GFDEGDQ188S
It's all about the bread...always..especially when it comes to a sandwich.
Nicely done..and I also literally hate this son of a bitch! ;) .... https://www.instagram.com/reel/C062vgWq_NG/?igsh=MW90NWlheGYwZGpicw%3D%3D
Buckey, I totally hear you on the salt issue. Not used where I am at now...and the roads get treacherous after only a few inches. Salt adds an aggregate layer though....so even though nothing is melting..you got some grip. Pittsburgh was very bad for salt and come late March..the roads fall apart and crumble...lol. If you are not washing the undercarriage often...it's over after 5 years. It's too late. I had a mazda pick up back in the early 90's and the back bumper fell off within 7 years due to rust....the undercarriage was coated(after market)...but that didn't help the exhaust system. Replaced a muffler etc..several times within roughly 5 years..ha! My next vehicle didn't last much longer before the salt... except for the fact that I moved back home(south). There were holes all though it...and everything was rust underneath...but it still ran.
I hate the salt...just give me an aggregate and chains...but no one uses chains anymore. I guess they were hard on roads...but the salt is worse in my opinion.
Over the past 20 trading days, a rough total of over 500 million shares have been sold into the market. That amounts to 25,000,000 per day. The total volume over the past 20 trading days was a rough 1.7 Billion(85 million per day average). Such equates to a sell off of 30% of total volume.
So as the outstanding share count remained the the same, the restricted shares have had their legends removed and have been sold into the market.
This is how dilution works and why the share price does not move.
vs.
This is also why you do not play with issuers that behave poorly. That is 30% sell pressure out of the gate and a losing proposition given the head wind. Play smart, not stupid.
Aqua, that is the last filing you will see from them(as required). They were diluted out after the raise and now below any threshold to file ownership. .
Janice, that's amazing...and good for them. The past year or so was bad for chicken feet exports to China(China likes feet over paws)..with a 50% drop and only shipping 137,000 metric tons. So if we normally export twice that much then...wow...Nates Food Co will have some how taken control of 35% of the market...just like that. In current terms...a whopping 70%
Kudos to them..... :) Isn't sarcasm a wonderful thing? :)
Buckey, roughly 5-7 chickens produce 1 lb of paws. So roughly 10,000 to 14,000 chickens per ton and if the contract calls for 97,000 metric tons, then that would mean 970,000,000 to 1.358 Billion chickens...plus another rough 12% for metric conversion.
So, totally doable and sounds very bullish to me. :) This is a must read :
2020 Industry Report:
Chicken Paw
https://cdn.tridge.com/market_report_report/66/f3/e1/66f3e12303da0e030fa591a0a552fa2ade4a7564/Tridge_Chicken_Paw_Market_Report.pdf
Is this the same guy that was selling the pancake in a can like 10-15 years ago? ...lol.
City people...especially Northerners.... can be a little slow at times. Chicken paws are well known and common.
https://madbutchermeat.com/products/chicken-paws-3-lbs
Bio, that is a repeat filing from years ago. The individual/org had transfered those shares out of their account due to court litigation(my assumption) and transferred them back in some time last year. That holding is over ten years old.
https://www.otcmarkets.com/filing/html?id=16747368&guid=NjJ-ka8BtcalB3h
https://www.otcmarkets.com/filing/html?id=15516286&guid=NjJ-ka8BtcalB3h
https://www.otcmarkets.com/filing/html?id=14821900&guid=NjJ-ka8BtcalB3h
https://www.otcmarkets.com/filing/html?id=13744325&guid=NjJ-ka8BtcalB3h
In August 2013 Brian Long, Jan Richardson, Tom Anderson and Shannon Vissman resigned from the board leaving Ryan Christoff as the sole board member. Ryan appointed Orin Hirschman and Martin Chopp to the serve on the board alongside him. The Company then raised $55,180 in senior secured debt in order to continue operations. Since that time, Novint has worked to preserve cash and reduce expenses while continuing to sell small amounts of Falcons along with related accessories and software titles, with a goal of allowing the Company to maximize its resources. At that time, the Company also initiated a process to explore ways to further realize value from Novint’s patent portfolio, the Falcon hardware and related software, and the company’s next generation Xio product.