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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.
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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.
Big dump at .005 giving me a fill, I imagine we should see a T-trade after hours, the seller appears to still be around.
continued buying down to 50 cents, I'd like to trade it even in this range but i feel like its too cheap to be selling under 75 cents, but maybe we are in a new paradigm of a bear market where all of these small caps are experiencing a price adjustment that wont be able to easily recover, I just dont know but how cheap can they get is the question i continue to grapple with. Regardless PRPO always recovers and sometimes its breathtaking, best to be patient and accumulate on pullbacks
I am baffled by the price action on this company with what they have, market cap is now 1/3 of revenues, granted they burn about 5 mill/quarter but supposedly improving operations. I mean what changed, its not like the burn rate went up. Anyway I have been accumulating down to the current price, I'd like to go in heavier right here actually, depends on cash position.
CVAT will continue to be a great opportunity to trade, while I didnt expect it to make it back to the mid-teens, so be it, if I had more cash I would have bought more heavily but i will take what I got and more if continues to pull back in the new year. Remember the company teeters on profitability quarter to quarter on its core business while it tries to expand on the new initiatives in oil recovery. This is a STEAL under 2 cents.
Price action on this extended pullback is a fantastic opportunity to buy which I have taken advantage especially down at these prices. We should be back above 2 cents with or without news.
this is going to be one hellava year for AITX. I am EXPECTING SIGNIFICANT GROWTH both in the technology and sales and reocurring revenue arenas. Not crazy about the dilution but we need to do what we need to do. Great time to buy at these prices.
check out the companies website https://distributolgov.com/ which is where they are selling their products, I mean this is real stuff. And the quarterly report now shows revenues. I think we will start to see growth and news role out. At a penny a share its a steal compared to a year ago when it traded at 4 cents with no info, think about it, put 2 and 2 together.
I dont think they got anything in fact they had to turn in their shares to the treasury if you read a recent update.
The real question is what is the company actually doing to move forward, shear silence what a disgrace. If this goes to zero I'll have made $20 grand but I was up around $100 grand at one point, what a friggin waste, need to ask myself what I would have done different, I am not sure if I would have ... I mean we actually got the ETF out there which people had all sorts of doubts about making happen, it just wasnt successful and I dont know if anyone could have predicted that honestly. I would think our intellectual capital is worth something more than the current market cap of half a million wouldnt you think?
thanks i guess my main concern at this point is the economy which is out of our control. I am willing to increase my position at this price but not higher.
As I review my portfolio Ive been keeping an eye on FUNN (small position of 800K) which has stagnated at half a penny which seems cheap. So seems we are losing about $300 - 400K per quarter, which isnt horrible, but we need to actual get profitable. I still think that the share price should be higher. I'm open to buying 200K at this price, but I just dont know what is the impetus for us to get the next level if anyone wants to elaborate. One theme I see here is that practically everyone believes the management are incompetent - what can we do about that.
not sure what you are referring to but this is a simple operation and when the right opportunity comes along, its a slam dunk. Worst case we have the land but I want to see the casino project followed through on. One more day of tax selling, I was asleep at the wheel for the dump today and while I did have orders in at lower prices, I actually had an order in yesterday at that low fill price that I forgot to re-enter darn it. Maybe tomorrow we get one more dump.
come on man, cut the crap. Many OTCs get the extensions and some end up filing late past the deadline or never at all. GSTC on the other hand, go thru and take a look, they file every single time within the extension period except once it looks like they were a month later and even then it couldve fallen under COVID extensions. Nah, for a company with no money they make it happen. Go make your arguments but leave that one out.
another T-trade issued but the # of shares is really not a lot. Be ready to buy in the .004Xs tomorrow, price down here is cheap. The ramp up for PCTL continues. Either their products work or they dont, I believe that they do. Nobody is getting rich over there, and the idea of a "scam" is just ludicrous. I cant predict long term success or not, but at this price I'm a buyer, at very worse its a nice shorter term trade which has allowed me to lower my avg.
Thanks for the summary that's helpful. I guess I got lucky this morning with my stink bid at .0046. Bidding more in case someone decides to dump more.
T-Trade for 1.8 million shares, someone / entity is selling shares, we could see lower prices, be ready to buy in the .004s if it comes to that, no idea if it will or not.
look man, at least they are not enriching themselves, they are very very motivated. With the right suitor, its a slam dunk, hands down. Continue to be patient and be ready to buy on any tax selling the next couple days, doubt we get it but always need to be alert, I have picked up bargains in some of my other pennies.
absolute disaster this has been, I literally cannot believe it. I threw in for a half a million shares at .0011 and was filled almost instantly. My best hope is to sell on any rallies at this point. If I can break even with a lifetime cost probably around .005 then I would take it, I have had enough of these people, there is no excuse, none, whether they come through or not.
no its not going to go that low. EVERYONE selling now is losing a lot of money, why would they lose more than they have already lost, makes no sense.
got filled for another 200K at .0036 this is like taking candy from a baby.
have to admit I am very suspicious of the nature of posts that are going up here for the past week or so, as if these folks new something about the press release that came out yesterday, I dont like that aspect. That said, as I have always said, CRTL is a buy down at these prices, great stable share structure, and the company is moving forward in their space.
absolutely fantastic opportunity to buy down here, only Q is how much to buy, so far 400K, but considering more. When this blows, look out above, I literally cant wait.
Honestly from my meager research I believe the company itself is loved by its customers. I think a problem could be they aren’t keeping up with inflation pricing and customers are getting a great deal. Look at their gross profit and SG&A numbers. It’s simple if they cannot lower their sg&a then they have to raise their prices to get better gross margins - don’t need to be profitable but need to narrow the gap of losses
I mean other companies in this space can do it. Then pacv has to do it. Just get closer at least bc we’re just falling behind too much each quarter and it’s fairly consistent actually if yu look at the numbers. Like the expression goes for the definition of insanity … do same thing expecting different results. This is the kind of “meat” we need to hear more specifics on this
yeah I read that the other day. One part of it is not terrible, the other one is horrible they gave the stock away. Disgraceful.