likes to run with the Old Dogs.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Nothing really expected here. Ya missed the bag holders swap party. Lots of share bags were traded but no price movement was had. New owners were hopeful of great things alluded to in the company’s latest shareholder update pronouncements. Some realized it was all forward looking garbage just like all previous updates....
Twos are thinning cause those who bought ones have realized this isn’t going anywhere and they want out flat... no one will buy twos...
It would probably be good to pay attention to the financial conditions associated with the company too. One might want to review the most recent quarterly report to see the amount of debt outstanding, the minimal amount of fixed assets reported, the total liabilities, the net losses and the shares outstanding. It's not a picture of a profitable organization to say the least.
We have no way of knowing if the actual expansion claimed is in progress or is anticipated. Often times penny companies exaggerate their status knowing it will not be verifiable. Maybe there is some industrial group which tracks this information, IDK.
https://backend.otcmarkets.com/otcapi/company/financial-report/252296/content
The $1.3 million will cover the costs associated with changes to the satellite distribution system mandated by FCC. The money will go toward equipment purchases. It's a pass through to the company, not a windfall to be used to conduct business. It merely keeps them operational with the reduction of distribution bandwidth occurring in the satellite spectrum. Nothing more, nothing less...
And the $1.3 million will cover the costs associated with changes to the satellite distribution system mandated by FCC. The money will go toward equipment purchases. It's a pass through to the company, not a windfall to be used to conduct business. It merely keeps them operational with the reduction of distribution bandwidth occurring in the satellite spectrum. Nothing more, nothing less...
Ya realize that HD has been the broadcast standard since 2009 and that there is minimal 4K content available today...
Nope, news is just another in a long line of pump pieces from ole slick Willie...
Correct, the money mentioned in the PR will not be coming to the company any time soon, think 2022. Moreover, the funds are merely a transfer payment. The company must purchase new equipment in order to maintain their current operations when the C-band is restructured to accommodate 5G cell services. This money does not go to the company bottom line nor does it provide for the company to spend on their "plans". It merely allows them to maintain operations status quo through the C-band restructuring. This method was used by the FCC for broadcast TV when their channels were repacked to clear frequencies for cell phones in the UHF spectrum.
Those who do not know about the changes to the C-band can be fooled into thinking that money is a boon to the company. It is not.
Yes, some will read it and think that it makes this stock have value. They will soon discover that it not the case.
Just one more in a long line of scenarios meant to sell shares to penny players...
Yes, the money will pass through to equipment vendors for new equipment required by the reduction of available bandwidth for satellite signal distribution. It won’t be paid till after the new equipment is installed and the spectrum is turned over to bidders for the spectrum. Bidding is slated for December with changes and payment slated for 2022. This assumes that QBAN will still be around then.
Won't last... like earlier today...
What's not to like?
Old Willie is blowing smoke in his great "news" update.
1) He has lost customers and income due to Covid and
2) Increased his costs by "expanding service offerings"
3) His $1.35 Million lump sum "windfall" can only be used to upgrade equipment currently in satellite downlink service to confirm with the FCC mandated C-band repack. He can't use it to "advance objectives".
4) His Ormond Beach "rewire" expenses will be amortized over 7 years and those costs will reduce profits while they are paid.
5) HD television service has been a broadcast standard since 2009 and he is not offering that service yet in Ormond Beach or Edgewater FL?
6) Naked Papers had never been a household brand or a significant income source.
7) Amgentech "expects" to offer new services in October...
Yep, great news there... Still 4.6 Billion shares outstanding. Still no bid. This is gonna go far!
Just swapping bags with old holders... Yo peeps will be around for a long while hoping for this to move up so they can unload...
0.18% of the volume was at 0.0002
Old Willie is blowing smoke in his great "news" update.
1) He has lost customers and income due to Covid and
2) Increased his costs by "expanding service offerings"
3) His $1.35 Million lump sum "windfall" can only be used to upgrade equipment currently in satellite downlink service to confirm with the FCC mandated C-band repack. He can't use it to "advance objectives".
4) His Ormond Beach "rewire" expenses will be amortized over 7 years and those costs will reduce profits while they are paid.
5) HD television service has been a broadcast standard since 2009 and he is not offering that service yet in Ormond Beach or Edgewater FL?
6) Naked Papers had never been a household brand or a significant income source.
7) Amgentech "expects" to offer new services in October...
Yep, great news there... Still 4.6 Billion shares outstanding. Still no bid. This is gonna go far!
All I know is what the company said in the original announcement...
The Reverse Split will also not be effective until the Financial Industry Regulatory Authority (FINRA) completes its review of the Reverse Split.
Nothing on FINRA Daily List as of now.
As of 6:20 PM there is no posting on FINRA Daily List to cover an RS for tomorrow. I don't know the cutoff time for listing, but yesterday the last posting of RS was done at 6:06 PM. There may have been some delay in the plan...
A board of directors has legally defined responsibilities and is usually elected by the shareholders and governed by the corporation's bylaws. ... An advisory board, on the other hand, is informal group of experts and advisors hand-picked by the CEO and management team.
The archive server is designed to incorporate into existing run of business systems and provide secure real time backup for the existing data base system. It integrates with multiple OS and hardware platforms, so it's kinda like a swiss army knife of backup... The main thrust of the product it to provide protection from ransomware attacks which can be very destructive to business operations...
Not with one guy posting... where’s your peeps??? Only traded 0.0063% of the float today..
Gonna need more than one guy posting to move this junk with 4.6 billion shares outstanding... lol
IDK, perhaps it should be 5 for Ashley, but I tend to think it is just one as one would think they share a common data base...
The pilot program begins with the installation of the Company's Blockchain Archive Server™ technology to protect SFTF, LLC, which operates 5 Ashley HomeStore Outlets in Jacksonville Florida.
Another push? Hell, there's not even a bid on this junk...
This action means that our shareholders can still trade shares, however not through trading through broker dealer handled transactions.
So, how does one trade shares held at a broker when said broker can't handle them? Does Oreo want holders to request certs?
Orie Rechtman, CEO commented: “We have a plan
The plan is fraught with problems. What subsidiary of the company will be used to register shares? The one with the least assets? The dividend of stock of the subsidiary will have little value most likely. The present shares of the company have no value at this point other than to qualify for the proposed dividend. There is no assurance that two broker/dealers can be "found" to represent the new subsidiary shares.
So do you think this will work?
In theory the RS is meaningless to shareholders. Share price goes up by inverse of the R/S ratio while share count goes down by the ratio. Trick is for the price to hold after the RS. In lots of pinks, that's not the case and the holder loses ground. Hopefully this stock is strong enough to avoid that result.
Just a reminder regarding NASDAQ listing...
To be listed on the NASDAQ exchange and reporting system, the following requirements:
Shareholders Equity of at least $2,000,000
At least 100,000 shares of public float
A minimum of 300+ shareholders
Total assets of $4,000,000
At least two market makers
$3 minimum bid price of the company stock
Public float market value of $1,000,000
1/12 Reverse split on 9/18.
Effectively wiped out now... <$1 and they buy another company for $400M...
Several folks need to serve prison time!
Upon further checking, looks like OTCMarkets is doing maintenance. Nothing shows on many stocks checked...
It looks like the OTCMarkets listing for SOLS has been cleared of all the info from the previous company. One more step forward....
Does the revocation not also mean that Oreo gets to stiff Tangiers for the balances owed to them?
Wipe the slate clean and start over on a new group of "investors"?
Love it when a plan comes together. The Rhode Island gang still involved?
Ummm yeah... 7.999 billion authorized and 4.6 billion outstanding and someone is gonna R/M into this...
Keep hope alive!
Ya might want to have a look at SOLS over the weekend. There's plenty of info on the board...
Ya need to look up the meaning of “debt security”. It’s not equity like a stock...
If your going to place the “follow” “following” select button so close to the next/previous message read arrows, please make the user confirm the follow command. Better yet, move the button away from the message navigation arrows.
Why does pressing the “ following” button cause the board to be no longer followed? Why not “unfollow” as a button label?
SMH
Ya know, I didn’t even bother to look at the trades, only the total... oh well...
It looks like someone got back $1.40 today. Hope their broker gave free trades...
Consider yourself one of the lucky few...