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What exactly is nonsense?
Its all in the 10Q.
There are approximately 200M in warrants issued at .008 and below, with the lowest strike price being .0016
And this:
On July 2, 2018, 47,520 Series A Preferred Shares were converted by the holders into 10,057,143 common shares of the Company.
GLTA & JMO
From the 10Q:
Looks like SGSI over estimated the revenue for the Q. They fell short of their proforma guidance by 25% or $3M on the revenue side and underestimated their expenses for the same period by $200K.
That kind of discrepancy would be cause for termination in any real company. But then again SGSI doesn't have the proper corporate governance.
But hey, they are going to the NASDAQ! *wink wink*
I cant even make this stuff up.
GLTA & JMO
Adding insult to injury, from the 10Q:
The Company recorded a gain on the disposal of the Mantra Venture Group of $577,299. The Mantra Venture Group was essentially inactive and its operations were immaterial to the rest of the Company’s operations.
LOL
Next Q they wont have that gain to record. And talk about getting kicked in the teeth for original MVTG shareholders.
I cant even make this stuff up.
GLTA & JMO
From the latest 10Q:
There are approximately 200M in warrants issued at .008 and below, with the lowest strike price being .0016
And this:
On July 2, 2018, 47,520 Series A Preferred Shares were converted by the holders into 10,057,143 common shares of the Company.
Guess who holds those Preferred Shares? LOL
Looks like Ponder & Hayter are slowly diluting this in plain sight.
Yikes.
GLTA & JMO
Another massive dump.
Get ready.
GLTA & JMO
Let us know when you find those patents.
LOL
GLTA & JMO
Super thin to .0003 too
Is AT&T the next WHITE WHALE?
I thought it was GASPROM? *wink wink*
SGSI still under the red flag for paid promotions by OTC Markets.
Will the RS happen after that comes off?
Im sure FINRA is watching closely.
GLTA & JMO
HUGE SHORT VOLUME?
LMAO
Thats $2500 in potential trade value.
If retail was easily able to short this stock it would be in the hundred million range.
The only ones with their pants down are shareholders after buying on every pump and fluffy pr. And their shirts are about to come off too soon.
I cant even make this stuff up.
GLTA & JMO
You do realize that refers to MM short shares right?
LMAO
GLTA & JMO
Thanks for proving my point.
I mean really.
GLTA & JMO
Totally!
Just wait until Molson/Coors realizes the company is garbage.
LMAO.
Watch and learn.
I cant even make this stuff up.
GLTA & JMO
Any suggesting that they are shorting pinksheet stocks is dreaming.
I wish it were that easy.
People would make a mint as pennyland crumbled.
GLTA & JMO
What patents?
Please list them here with their application numbers.
Would be very helpful.
SGSI has nothing to patent beyond some proprietary models for a BS machine.
GLTA & JMO
LOL
FIrst it was GE, then Gasprom, now its a telecom giant. *wink wink*
Its like nobody even understands what business SGSI is in.
I mean really.
Like a fox without a clue.
GLTA & JMO
LOL
Fresh 52 week high today.
Another genius.
GLTA & JMO
LOL. Last minute 60$ paint jobs again.
Keep that lipstick thick on the pig.
Nobody is being fooled.
The market knows the RS is coming and dilution will cellar box this after that.
https://ih.advfn.com/stock-market/USOTC/spectrum-global-solutions-inc-SGSI/trades
GLTA & JMO
New 52 week high.
And the prospects if CPG giants getting involved in this market is driving lots of new interest within this sector.
GLTA & JMO
Pretty obvious that these 2 companies are just passing these blackhole subsidiaries back and forth to keep shareholders on the hook.
The patterns are eerily similar as they dilue tto keep the lights on.
And even the RS is from the same playbook.
GLTA & JMO
The Molson-Coors deal also includes a potential spinout company which existing shareholders would participate in.
And now the UK beverage maker has shortlisted 3 canadian pot companies to partner with.
The whole sector is experience a lot of attention from international players.
GLTA & JMO
Who cares what Ponder says.
He already blew his opportunity when he failed to deliver on all those promises including profit this Q. He’ll say anything to keep shareholders from selling. ANYTHING. Its called 'carrot dangling'.
And where do you see any Black for 2H? It looks like the losses are turning into a landslide of debt and toxic notes.
Wake up and exit with whatever is left before the RS.
3 years and .005x without the pathetic paint-job today.
Pinkyland. Paid promos. Dilution. RS. How many more symptoms of a shell game does anyone need?
‘Nuff said.
GLTA & JMO
C’mon man.
25% GM?
They cant even show a $1 of operating profit with the current level of revenue.
Without dilution they’d likely be filing for BK.
Its not gonna happen. The RS and dilution will keep the lights on and help pay toxic notes to supplement the ballooning NET LOSSES / OPERATING LOSSES.
I mean really.
This is not an investment. Its a charitable donation.
GLTA & JMO
Balance of trades today:
https://ih.advfn.com/stock-market/USOTC/spectrum-global-solutions-inc-SGSI/trades
WOW.
Tomorrow should be interesting.
GLTA & JMO
I wouldn't touch this disaster even with Ponder's money.
LOL
From .75 to .002
Wow. I mean really.
Heading to the Nasdaq! *wink wink*
Profit! *wink wink*
LOL
I cant even make this stuff up.
GLTA & JMO
Over a penny?
LMAO
That explains it. Must be that outdated VWAP that keeps shareholders on the hook.
The RS is on deck. Tick Tock.
GLTA & JMO
Welcome.
Been loading for a while now. The party is just starting. Once the US opens up its eyes completely this will vault any of the gains from recent news.
GLTA & JMO
Look at all that dumping into the close followed by a pathetic paint job.
Its just like all those other pinkyland plays.
Dilution to the last drop.
GLTA & JMO
Thats a lot if decimal places.
Maybe after the RS?
Looks like enthusiasm is drifting away.
And for good reason.
Trip zeros cometh.
GLTA & JMO
Dont forget to ask about all that profit that forgot to show up on the 10Q.
And ask why Larry fled the scene.
And ask about that patent.
LMAO.
I cant even make this stuff up.
GLTA & JMO
LOL.
$70 Ask Slaps.
Desperation is thick in SGSI-ville.
BID is about to get cratered.
Dilution and OS just keeps growing.
I cant even make this stuff up.
GLTA & JMO
"Dirt" is accurate.
Market is telling everyone that SGSI does not deserve the benefit of the doubt.
Dwindling volume and expanding losses are not a great investment scenario.
The day of reckoning is coming. It wont be pretty.
200:1 RS will put this in the book of expensive pinksheet lessons.
GLTA & JMO
Oops.
Looks like those head-fake bids are getting tested and evaporating.
Feel bad for anyone fighting the uphill battle against dilution and a reverse split.
GLTA & JMO
Now we have 1000 share paint jobs to start the day?
LMAO
This is going from bad to worse.
GLTA & JMO
Its a good point.
Like everything else SGSI is thin on details and thick on BS.
Cant wait to hear about the VWAP at trip zeros.
Like a fox with a Net Loss.
GLTA & JMO
If you think thats bad check out the 3 year chart!
LOL
Its got tragedy written all over it!
GLTA & JMO
The truth is that the market is not interested in this quagmire.
Clinging to .007 as a few pumps trapped new shareholders.
The BID continues to get cratered and no amount of lipstick will make this pig profitable.
VWAP? Lol
Look at a 3 year chart and it’ll be clear as day that trip zeros is coming.
GLTA & JMO
Thats what Im saying!
LOL
Having 1.4 Billion in sales isnt good enough. They can do better.
Tell your friends!
GLTA & JMO
Sounds like panic is starting to set in.
Tuition in pinkyland can be very expensive.
SGSI and their community marketing team should be fired.
Paid pumps, reverse splits, toxic notes, fluffy PR's, shady insider dealings.
Its never a great sign to see red flags placed by the OTC Markets on a pink sheet stock.
I mean really.
GLTA & JMO
Looks like reality is starting to set in.
Mid Day paint jobs are ringing hollow now.
Last minute paint jobs are coming back to try and put lipstick on this pig.
.005X again
A RED close after clinging to to a green day yesterday should tell everyone what the market really thinks of the 10Q.
A few shareholders are trying to throw money on a dumpster fire to keep the dream alive, but this investment nightmare is getting darker and darker.
NET LOSS = $3M
Trip zeros cometh..
GLTA & JMO
Mid Day paint jobs are getting more frequent.
Not a great omen.
GLTA & JMO
.10 after the Reverse Split?
Thanks for proving my point.
SGSI is clinging to .007
Get ready for another inconvenient truth.
99% of shareholders from the good ole days have left this dwindling investment.
Even Larry / MVTG has dumped this dog.
I mean really.
The Q's keep getting worse. If the float wasnt so diluted the lose per share would be astronomical.
GLTA & JMO