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Let’s hope not. We know how that goes around here. Gap ups are for flippers not concerned with long term price. We need slow steady share price growth with steady news flow from Asshu and Cuntchin.
Fake investor... lol
I haven’t sold a share in over a year. And I talk in complete sentences.
Agree with all of that.
Anshu has to help the cause and not hinder it. That’s the bottom line.
4.9% of 2.6 billion is the same number of diluted shares regardless of the share price.
Correct. But being a realist doesn’t fall in line with the KIPK Gold narrative.
We all want this to go up. But anyone who has been here for longer than 3 months know that CFGN controls the ask.
Andrew Garnock has sold a huge portion of his position. And that has killed confidence here as well.
Kudos to the flip crew that is here yapping. But longs that are underwater here know that you guys will be long gone before a penny. And again... kudos to you. Nice flip.
But many here have a long ways to go to get out even. I’ve been averaging down with buys for the last three months. Will buy again Monday to average down even more. Would love for all of us to be able to get out of this mess somewhere around a penny and minimize the damage.
Or... maybe he used al his posts early in the day.
I Haven’t sold a share Mr. Fragment.
I’m as hopeful as any that we have a reversal. But that will all depend on what CFGN decides. If he is still loaded with shares the. He just pulled off a nice head fake and this will go right back down.
If he is done, then this stock can breathe and it’s up to Asshu to get some news and updates flowing.
Sell a freaking mask already. I know people on fucking Facebook sewing cute little KIPK masks for friends and they can’t keep up with demand. Meanwhile we have a professional sales force... errrrr... and they haven’t sold a single fucking mask. It’s embarrassing.
Try to respond in full sentences.
Watch and learn from you? The guy who makes shit up and then wants to argue it.
“It’s the Law!!!”
Lol.
You are the newb here. When CFGN isn’t getting smacked at 22, he will move down and that will continue until he runs out of shares.
We hit .0018 yesterday. I expect we will hit .0015 early next week. And possibly trips by next Friday.
That is a FACT!
Lol. I blocked him long ago so I wouldn’t have even noticed he was gone.
They aren’t conversions. It’s not a debt. It’s a stock purchase agreement. Show me in the 8K where it says 6 months. Or show me in writing where there is a restriction on a stock purchase.
I’d love for that to be true. Show me.
Complete bullshit. It’s not a loan. It’s a stock purchase agreement. Lol.
This board is to savvy for your bullshit hype. Trust me on that.
Loading zone here is well below current share price. This will slide below .002 today and trips are coming unless CFGN runs out of shares.
It’s a purchase agreement with White Lion. Not a loan. They could sell those shares the next day.
I’m calling bullshit on that. And this isn’t a debt. It’s us selling shares to White Lion for cash. I don’t think the intention is to pay them back. They are an investment group. Not a lender.
Absolutely. But we have no idea how many more shares CFGN has. So we may be a long ways from the bottom.
Easiest fastest way to dispose of 300,000,000 shares. He found a buyer and sold them off.
Let’s be honest... how the hell was he ever gonna get out from underneath half a billion shares anyhow. Let’s say this was trading at .03 where everyone wants it to be...
The higher the share price, the lower the daily volume... you know how impossible it would be to sell half a billion shares in that environment. Lol.
The Form 4’s just show he sold them to a private buyer. That could be anyone. Either way, that private buyer is disposing of them immediately in my opinion.
That’s the best explanation of what CFGN is doing. Anshu says it’s not notes converting. Ok... I will accept his word on that.
But CFGN is not retail. That’s a fact.
It’s AG’s buyer selling those shares off.
If that’s accurate, that’s good news. Can you show us that in writing?
I think this current season they are attempting will be without fans. Possibly they get back to having fans next Spring?
Who knows. Looks like major colleges are now adjusting football schedules. I think they will ultimately cancel college football for 2020. NFL will likely attempt to do what MLB and NBA are doing but I can’t see it working for them.
If sports disappear for 2020, I won’t be shocked if teams in major leagues fold due to financial issues.
This virus could completely change the landscape of sports.
I personally think we are being far to cautious with it. But that’s an opinion for another day.
That is a great point.
I’m thinking that’s what CFGN is.
If an investment bank purchased AG’s shares at a steep discount a few weeks back, they are dumping them for cash right now.
The batch they got at .0025 and the First batch they got at .002 came when the stock was closer to half penny. So they made bank on those as they dumped them.
That is true... but you have to assume that these guys at White Lion won’t hold their shares for long. They are an investment group. So let’s say they give Anshu $100,000 today for shares. That’s approx 50,000,000 shares at .002
They will dump the shit out of those way before a penny. And that’s just for $100k
Imagine if Anshu needs $300k? 150,000,000 shares... yikes! It’s Monaker all over again. And we know Anshu doesn’t communicate so White Lion will bleed this thing during all the quiet periods and everyone will be bitching about “how many shares does White Lion have left?!?!?!”
I know this sounds better than toxic lending. But how bout take a loan and pay the shit off??? There is an idea... toxic notes don’t convert unless you screw something up.
Sadly... most OTC’s (Verus included) can’t function well enough to handle a convertible loan.
I hope they don’t ask for money from White Lion at these levels as the shares sold to them will be an astronomical amount. Maybe at a half penny. Even better at a penny. But we are a long ways off from those levels.
I’m holding for .0008.
I think we hit trips within about two or three weeks.
I don’t think these are AG’s shares we are seeing with CFGN. His sells are private party transfers so they don’t affect us at all unless his buyer is dumping. But that wouldn’t make any sense having bought them at .002
This is still dilution in my opinion. Or something that Anshu hasn’t told us about yet. But it’s ugly for sure.
Ur nuts. This cannot move until dilution is over. I’ve been saying it for three months now. Although I had no idea the dilution would be this extensive.
None of that matters when dilution is present. That’s the reality. Anyone loading this week will be dead red by Monday.
Once CFGN disappears, the coast will be clear to move up. And that might be in the trips. He clearly has hundreds of millions to unload.
This is on Anshu and Cutchens and they won’t take responsibility for it.
Same thing almost every day. Just a lunch break. He will be back. But if there was ever a time to catch him napping, it’s now. This could get run back to 0034 pretty fast. But I don’t suspect there are buyers lined up to make that happen.
Probably the same jackass that tried to be a hero at 26 the other day. Really stupid to buy here with CFGN pushing down lower by the hour.
Correct. CFGN has hundreds of millions of shares.
The question here is this... Did Garnock screw someone over by selling those shares at .002 in the private transfer?
If it goes to trips... the answer is yes.
If that’s the bottom and then we see a reversal, the answer is no.
But if there is some “inevitable reversal to come”... why would Garnock sell in the first place.
Not looking good for whoever was dumb enough to buy that much stock in this company. And wait till that asshole starts selling 300 million to try to save his own balls. Lol.
This could literally get worse once we go below .002.
New 52 week lows!!! Congrats Anshu!!!
Teamwork makes the Dream Work!
You and Cutchens are quite the TEAM!!!
The only positive I find in Garnocks sells is that you want to believe that the buyer of all those shares is confident that his investment at .002 is sound.
You would want to believe that this buyer believes this stock will not go too far below his purchase price.
One would think... but things here are never as they seem. And that’s what you get with really sketchy management like Anshu and Cutchens.
I think we dip below .002 by tomorrow at the latest.
NoMoDo can send you all those links.
I asked Mark specifically about it and he said it was shares that were previously agreed upon. But it didn’t appear that they got affected by the RS.
“Why bother” makes sense for me... I would walk away from this with like $3000 if I sold now. So... why bother.
But for AG, he is raking $200,000 every time he dumps. So that is big money he can use for his new company that Mark referenced.
It’s a huge loss for him, but it’s still money that can be put to use.
For me... $3000 is not worth selling right now. So I’m in “Fuck it” mode.
Doesn’t he have to “purchase” the warrants to activate those shares? I can’t see him doing that. I don’t know what the strike price is, but Anshu’s are .006 for example.
It does make me feel good that Anshu’s warrants are worth 1/3 of what he would have to pay for them. And they are about to be worth even less than that.
The only fear I have on those is that he manages to do the same thing here that he did with XDSL.
He will run a reverse split and his warrants and strike price won’t be adjusted post split. Seems really shady, but he managed to make that happen for himself and a few select others with mPhase.
Mark denies that anything illegal happened. But this is looking all too familiar.
He runs an RS here to get the share price to $1 and then he still has millions of warrants with a strike price of .006.
Sounds like a shitty game but he made it happen once before. NoMoDo brought it to light here a few weeks back.
Great post and I think it reflects the sentiment of many.
Anshu has let everyone down with his irresponsible dealings with his debt. Period. End of story.
Nobody can argue that.
Obviously, Andrew Garnock feels the same way and is exiting. He is selling his shares for .002!!! Could it be any worse? That tells me he thinks this will go below .002 and he thinks that’s the best he can do.
I know people want to believe he is “gifting” these shares to friends. Guess what... he is not freaking Santa Claus. He is a savvy business man. He knows Anshu screwed him here and he is cutting his losses as best he can.
Anshu has some serious character flaws that have been exposed here. Honesty, for one. Greed is another. And he certainly lacks Empathy based on the callous approach he takes in the CC’s. Cutchens is no better. In fact, he may be the root cause of all of this. His history with other OTC stocks is well documented.
Somehow, much of this was all orchestrated in my opinion. I think it was his intention all along to default of some of these loans and to run the share price down. With the revs they allegedly make, they could have certainly paid these notes down if they wanted to.
This newest finance deal seems even more sketchy to me. And I base that on the characters involved. I spent a lot of time looking at the history of the new investment group and I don’t like what I see. That’s all I’m gonna say there. I will be interested to see GC’s post about these 20 somethings who seem to have a very high interest I. Some really weak OTC companies. It reeks of typical bullshit to me.
I will also hold and will average down one last time in the teens or trips in hopes that a small run back to .004 or so can get me out of this mess with a minimal loss. Might be a weak strategy but it is what it is. Anshu has lied repeatedly and he lied again in the last CC multiple times. I have zero faith in anything he says. You can be as missed as you want at me, if I still don’t think you will ever see BLF in TJ Maxx. He is full of shit. I have a lot of thoughts about Verus Cares as well. It’s Nutribrands all over again. How can that division be so quiet during a freaking pandemic? Are u kidding me? That’s one big ass scam. Or the worst sales force ever assembled. I will go with scam because I have friends selling shitty masks on community Facebook pages that their wives are making from home. And they can’t keep up with the demand. That’s all you need to know. There is no Verus cares. I don’t believe it even exists.
This will likely be in the trips within a month. I will take about $1000 and try to avg down and then hope for the best.
Gosh wouldn’t that be tragic. Maybe that’s why accounting firm bailed???
How can the have audited financials if those revs never get booked?
Explain that about “accounts receivable”. Is it even possible that it’s phony?
If they can’t sell masks in this market, then they just can’t sell period. Unless there are issues with the product, it shouldn’t be too hard to find customers right now.
Florida going back to school in a month and some counties are gonna require students and staff to wear masks. They ought to be talking to school boards and getting big contracts there.
But I’m sure getting samples into hands would only take two months. Lol.
They are always tardy to the party.
BLF product pics would be all over Twitter it it was anywhere other than Big 5. So no movement there.
That’s just my opinion. Of course we don’t know. But I think it’s an insider with hundreds of millions.
Not really. Because he will inevitably sell into the bid.
I guess buying now might speed things up some, but without knowing how much he has to sell, what’s the difference. I think he has hundreds of millions to go.