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Does anybody think this is worth a sticky ? , I think it does
On May 16, 2016, Solaris Power Cells, Inc. (“Solaris” or the “Company”) entered into a Share Exchange Agreement, effective as of April 30, 2016 (the “Exchange Agreement”) with Pixel Holdings, Inc., a Delaware corporation (“Holdings”), Pixel Mags, Inc. a Delaware corporation (“Pixel”) and Leonard Caprino (the “Management Stockholder” or “Caprino”) regarding the acquisition by the Company from Holdings of 1,000 shares of common stock, $0.001 par value per share, of Pixel, representing 100% of Pixels outstanding capital stock. .
In exchange for the Pixel shares, the Company ( spcl ) agreed to issue to Holdings (a) 1,000,000 shares of Series A convertible voting preferred stock of the Company (the “Series A Preferred Stock”), (b) a 10% original discount convertible note initially valued at $5,000,000 (the “Purchase Note”), and (c) a five year warrant to purchase 500 million shares of Company common stock (the “Warrant”).
so look at this last statement the company SPCL gave holding 1 million series A covertibles and warrants that give them the ability to buy 500 million of the company stock
Now look at bottom last page , the exibit that holdings needs to fill ourt if they want to get paid / convert the series A note
EXHIBIT B to NOTE
FORM OF NOTICE OF CONVERSION
( To be E x ec u t ed by t h e R e g i s t e r ed Ho l der i n o r d e r t o C on v e r t t h e No t e)
T he un d e r s i g ned hereby ir r e v ocab l y e l ec t s t o c on v e r t $__________of the t h e p r i n c i p a l a m ount of t h e abo v e N o t e i n t o s ha r e s of C o m m on Sto c k of Pocket Games, Inc. acco r d i ng t o t h e cond i t i ons h e r e o f , a s o f t h e da t e w r i t t en b e l o w .
D a t e o f Con v e r s i o n :
Sorry for that its copy and past from the filing
SO BAAMMMMMMMMMM that tells me that if spcl is paying holding with pkgm shares pkgm owns spcl which ultimately owns pixel mags
Question is now why is the note given to pixel mags by spcl converted into pkgm shares
it says in the share exchange agreement between pixel mags and spcl that spcl for the value received will issue a note for 5 million $ to pixel mags and they can be converted into pkgm shares
Now im not 100% understanding but if pixel mags is merging into spcl and they are paying them in pkgm shares then ?
Is everything getting rolled into pkgm or into spcl ?
Is pkgm ( since the same guys invested in vert / pixel mags are invested in viximo which is under pkgm, will they stay 2 separate entities or will pkgm gobble up spcl , im not sure
Serious thats stupid well hopefully news spreads as much
Why is news not posted on breakout boards next to the ticker should of been there today
that sounds pretty gross , but anyhow hope this thing rockets tomorrow when people realize whats happening
Moonshine and Tang lol that's hilarious
If you read the last annual report it reads very clearly that thwy have no outside financial nor do they need it and tjey will continue to do buisness just fine with the cash they have
They have almost 500 000 in assets and constantly generating revenue
I think this line of credit along with the partneship obviously its one if another company giving them a line of credit
Thats like a major brand like toys are us for example giving a line of credit to a local toy shop because they like this one toy they make well hello this means revs coming down the pipe boys
oh ok was curious , I have a friend whos a skidoo fanatic and hes an operating engineer , im in Ontario , North Bay
well gd luck with your tickers
I didn't do too bad , in at .36 out at .60 , then in at .70 out at 1.80 today , in again at 1.20 too quick on the draw panicked got out at 1 , then now looking at the trend to see if I should take on another small position
did you kick yourself yet , dam 1.80 I think I need to kick you too lollll
im so aexcited , I wouldn't doubt this thing is going higher then 4$ next time , like this volume and money pouring in is def not ihub , the board is dead yet the stock moves like crazy
I hope u kick yourself in the ass lol
What is your predictions for tomorrow
Hey blulish can you give me a quick run down of dbmm
Thanks
why you say no dilution ? when was the last note issued ? I seen one in early September for 100 000$ promissory note do you think that's all gone now
wow im officially depressed , 30 million on ask at 3 bullshiiiiiit
Hey GM 99 , can you explain more in detail I looked at the filing and I see a bunch of notes and warrants exercisable at 80 cents I don't understand all that lingo very well , are you saying that the note holders are given shares ? or they are buying low because they know it will go up ? Thanks
Yes and read website it says since this private company has been formed they have been profitable so im def guessing a reverse merger if its posted on otc then an 8k will follow soon
i know right hes a big piece of sheeeeeeet pumping and cheerleading all day
looser
man your trying hard L2 , your the only one posting on this board
last of the cheapies hurry and get them , going to the moon , noboday wants to miss the boat like jeez dude give it a rest , plus we just seen 1.3 mill flash on the ask at 0.005 so honestly fact that this spiked out of nowhere for no reason tells me you front loaded
hope im wrong tho , but seriously if your going to post stop cheerleading its too much
how do we get this on the break out board
can yo post a level 2 snapshot
I just messeged them on FB and they told me mid week a PR
anybody know why the drop last few days , I see no news or anything stickied , whats happening
In the know can u bring me up to speed on the ships they sold and were i can find that info
I also looked at filings and it seems they havent filed 1 quarterly report this year if they issue a q 3 will it include all of 2016 to date
Also how much of that 250 000 $ note you think is sold $
And how much proceeds from the ship sales
And whats the os structure. At this point last filong said 30 mil
my take is that unless news is posted this will trade up and down , lets face it tech is great and all , but what people really want is to see revs , higher revs so we can make an earnigs curve , my speculation is today is people getting back in cause they know that the MM ran it down yesterday and that its worth more then half a cent , combined with the 10 million line of credit news , but one thing doesn't add up , they have the right to pay old main financial 300 000K plus 25% , if they have a line of credit for 10 million dam take out that 300 g's plus fee and pay them right away so they don't convert its a no brainer no ?
you know prince your a real pain , nobody wants you here dude
No read this
or 52% of the lowest VWAP of the common stock for the fifteen consecutive trading days ending on the trading day that is immediately prior to the applicable conversion date.
no read the 8k properly cant converter until a year has passed that's in april 2017 , the 27th , my birthday , must be a sign
The Commitment Note is convertible into the Company’s common stock at a conversion price equal to the lesser of $0.0675 or 52% of the lowest VWAP of the common stock for the fifteen consecutive trading days ending on the trading day that is immediately prior to the applicable conversion date. Repayment of the Commitment Note is due one year from the date of issuance
This means that its either they convert at 0.0675 or they use the 15days prior VWAP to the 27th of April 2017 and get shares at 52% reduction so its lets say price is sitting at 0.08 then they can convert at 0.04 , the statement equal to lessseer means that you use the lowest price , so for example if price is 20 cents 52% is 10cents well they have the right to convert at 0.0675 , or they can out right pay them out which if revs are good then they can, imho this is great news and since the line of credit has been available since april that tells me that they are not diluting
This will go up from here and the 20 cent projection does not seem to far fetched
Thoughts ?
I think there is some truth to his words honestly , look it now a 3 mill ask at 48
like cmon
honestly looks like dilution to me
in the last 10Q
Revenues:
The Company’s revenues were $268,294 for the quarter ended May 31, 2016 compared to $0 in 2015. [color=red]Revenues were in connection to the sale of a license agreement, compliance fees, and interchange generated off of a card program.
Does this mean that they sold for a lump sum one of their liscences ? and the revenue is generated from the interchange of a card program ? is that the pre paid card ? if so I wouldn't expect the revs for the next quarter to be larger if the sale was a lump sum , but on the other side the agreement they have since april with net clearance is not mentioned here so that might be generating revenue and will only appear in the next filing
like somebody said in here earlier the filings from last year show only 3 10q and 1 10K which was delivered on Dec 15th , which tells me that we most likely wont see any filings until then , so the MM will play this down hard until then lots time to average down imo but like I said just my opinion
also the quarter with revs stated that it was liscensing fees and income from processing fees now is the liscence fee a lump sum , because if it is then that lump sum wont be in the next quarter just fees from usage , that I don't know but id like to find out , will have to study the last 10Q thouroughly , but seriously if there is no news from IFAN then this goes down until the next filing
ya hes a douche blocking us like that
hey Camelot check this out
http://www.barchart.com/opinions/stocks/OWCP
yesterday was at 83% because one long term indicator said sell , today all says buy , 100% buy from bar chart
They are doing a forward split of 1;10 , how can they do that with such a low price per share
and right now they are at 1.3 billion that means it will explode ?
I don't understand the logic usually forward splits are to lower share price and then they give you more shares in return
Hey mamma what are the good news i seen the legal jargon but i dont know what it means
Wefe can i fond the news from the duo meet today
Three flights a great technical trader told me looknat the chaikin oscillator and the moneybflow index
The moneyflow index is usually retail and small investors that make that move
The chi osc is mostly mm and institutional
Go to stock charts .com
Select those w and u will see the mfi going down indicating a retail selloff and the chi osc has just been sky rocketing the last week
Even today
And what i was told is it will go up even if price per share goes down but eventually share price will rise
The big boys buying means it will go up no doubt about it
Now why it kept goong up today with the selloff
My theory is that they are expecting/ hoping for good financials or the buyback was happening today
Either way there is a reason big boys accumulated today