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1,000,000 SHARE BID? AT .0001 - SOMEONE IS UPSET
Nite playing ping pong again. And dropped the ask, again.
I think anyone holding stock here should go buy a safe at CVS.com and show the company you support it. Its less than the cost of buying 100 shares right now.
That I can partially agree with you on, but realistically, from what I can see, there hasn't been much effort out there yet regarding stock awareness. Maybe it should just do it slowly and not like all the other typical OTC companies. But theres a right way to go about it and a wrong way. Based upon prior posters on this board, I believe this company has lost millions in market cap, because of the day game flippers as well as other reasons that are personal only to those posters, for whatever reason. But at the end of the day, as this company continues on its growth curve, its compelling story will get noticed. It will be shared, and hopefully the shareholder base and stock price will grow. I am SURE she would like to see stock sales and the price to go up, and maybe a few more disclosures will help with that, but we will just have to wait and see.
Call Lorraine and tell her how you feel then. Her number is at the website. Also, go buy a safe at CVS, and show HER that you are a concerned shareholder and willing to support the business. In the meantime, its obvious who you are, what you do and why. Stop it already.
If I were you, I would have opted for a degree in Economics and Business than going for your Series 7
So stop creating it.
Theres the stock side to this business, and theres the business side to this business. The business side always trumps the stock side. As YD said, stick to the fundamentals and sell product, not shares, and thats exactly what the company is doing.
Wow, you're just as bad as the other guy.......I think it would want the stock to trade, but not experience the typical OTC major up and DOWN swings most stocks here suffer. There is no supply. You can create demand all you want, hire 20 IR firms that pump and dump, but thats when you have plenty of supply to fill orders. Here, with such a low float - no supply. So you won't get wild trading swings (which does not look good for NASDAQ or NYSE). I think what you will see starting next week is organic slow growth, improving the chart, as investors go out to find stock. There may be some flipping, but the volume will be negligible. We will see.
No supply usually translates into REAL investors BTW - long term investors.
Hmmmmm....for someone so experienced I guess it just doesn't click. Its looking for stability, meaning no major ups and downs. Thats what she said. Stability. Its like a relationship - sometimes you have stable ones, other times the wrong people are involved and its volatile.
To me, no trading here means her plan is working, flippers can't take advantage right now, not the way they were. Theres a stall, meaning people are holding, and eventually the volume will go up with new eyes and new investors because no one is really selling. Its not the demand, its the supply. And there is no supply. Demand will come when ore people learn about this company, and that takes time.
The company seems to want to avoid major up and down swings. The kind of activity that does more harm than good.
Thats obviously the type of activity the company is trying to avoid.
Just because the bid didn't skyrocket to $5.00 at open and no one traded yet? Ever think that most of the trades to date are phantom trades by NITE - switching back and for the between offer and ask? You are an impatient lot - thought you were leaving?
D dropping off and QB listing on same day could be a good sign. It already shows how this company is sticking with its plans and is yet another small benchmarking its growth. Stock is up 25% since split went effective, and just waiting on updates and financing to put her over the top going into 2016. Slow and steady wins the race here.
I know someone who can fix all of this. She has more experience in biometrics than all of the execs combined at this company. She has sold 10's of millions of dollars of consumer focused biometric security products and has partnered with huge brand name OEM's. Her own company is just starting to take off, and quite frankly, you would be lucky to get her. But be prepared for BIG ego's clinging desperately to this company without any experience on how to turn it around.
Its done, according to FINRA's daily list, the D is dropped as of tomorrow. Next, waiting to hear on OTCQB. Could be soon as well.
Maybe because it doesn't make sense to him or he doesn't understand. That's understandable. He simply could call the CEO but said he doesn't have to.
The safe itself is a niche market. Not the technology. Niche product. When this company was a single product. Man do you waste so much time on nothing.
Shows you the huge business disconnect there. The biometric technology is the same. Just a different application. I think he should take his negative rhetoric to the Apple and Samsung boards and see how long he lasts. But we know he would never do that.
The Top Stcky Explains It All. No need to engage with 3 Rd grade antics.
ALL, READ TOP STICKY
Where do you get celebrating, other than the fact that the reverse had no effect in market cap loss for the company. Thats a LOT to actually celebrate for shareholders since 99.9% end up getting slammed within a few days after a reverse split goes effective. Its truly amazing the twists and turns that are thrown into the roadway. Now uplifting to the QB is a significant and if and when that happens, its just another NOTCH in the CEO's belt - said that, did that. Read the top sticky again.
Estimates say tomorrow may be the day. Can't wait until next week.
Seems to be. No twisting there.
According to the filings, all of the series A preferrers converted before the split. Whats the big deal? They haven't sold, they keep accumulating! Read the top STICKY post again!
I have a feeling that the next 2 weeks will be very interesting.
They probably have good intentions, but the free fall in stock price brings out the death spiral guys - and they started so strong, with a NASDAQ listing, and funding from reputable sources. All goes back to government heads 1) really have never had any financial accountability, and 2) "think" they know what will work, instead of "knowing". So now they are relegated to take death spiral funding, it says its secure, so probably secured by its assets in inventory (which they should have never built up so much without actual orders), so what could have been a good story, is a typical OTC company. Sorry to say.
I would look for acquisitions that have both technology, experienced management and provide some backbone with regard to served markets. The mobil market for biometrics, unless you are Apple of Samsung, is done. IMHO.
Gino, you need to check NYS criminal usury laws as they apply to ALL consideration given in exchange for a note. In NY, that includes the dollar value of the interest rate charged, the value of the securities, whether issued directly or via warrants or options, etc..... plus the $20K cash that was deducted, and figure that against a 360 day year, you'll have your answer. If it exceeds $375K......... the 900,000 shares you issued alone account for $270,000. You also have $120,000 in straight interest charged at 8%. That adds up to $390,000 if my calculations are correct.
TFN = top sticky
Harping on old news, purposely oblivious to the FACTs of progress. LOL. Really quite amusing. And still harping on the R/S. They would only be happy had the stock tanked down to .10 again. NEWS FLASH!!! It DIDN'T. That goes to ill-intent, no matter HOW they spin the the filings. LOL. Insiders buying is bad, what a JOKE he turned out to be.
Told you so!
http://finance.yahoo.com/news/from-apple-pay-and-google-wallet-to-bitcoin--the-end-of-cash-165532723.html#
What would Sweden do? Even the journalists know Americans are behind the times.
Management failed because what they were doing prior to the Wocket wasn't working and the needed a new story. These guys have NO, and I mean ZERO experience with retail biometric products. It was nothing more than what the government already does - takes your money and throws it against the wall (programs) and hope the "theory" works. What do you expect from former government employees? I hope this would have worked out, but they went about it all wrong. They needed to get then BANKS to embrace this. What a waste of several million dollars IMHO.
Maybe QB listed as well by then!
Nite is trying to scare sales by dropping bid. Nite needs to fill. It's got nothing.
Not sure, but if I had to guess, CVS will probably be using them for their in-store program which hasn't been announced yet.
CEO does what she says she is going to do. I like the updates, I like the direction. Its slow and steady, with no BS earth shattering news to pump and dump on. She seems focused, hence, the company is focused. The company has more supporters than it does detractors, and hopefully, when approved for QB, many more MM's and people interested in the company. She said orders continue to come in and we haven't yet heard about any in-store program, so that means web sales only right now through CVS with no advertising. Just people looking to buy.
Roger, they should be targeting France, Belgium, Switzerland and Norway - where something like this is adopted faster. USA is always 8-10 years behind the europeans with everything consumer-electronic based. But then again, you are relying on former government heads that have absolutely no retail experience.
How about only 5-7 people actually trading this stock with NITE in the middle picking up huge differences on 100 shares? I am expecting this to change when 1) the D drops off, 2) the company announces approval of uplift to QB, and 3) a new financing arrangement. I feel once those three things happen, hopefully soon, THAT will be the point where al of this changes.
I think Lorraine has been pretty good at providing updates so far.
There are already electronic wallets incorporated inside of iPHONEs and Galaxies, and both have wireless payment options after biometric authentication. The Wocket appears to be designed for those who don't trust those devices. However, current management has NO CLUE what the consumers will actually buy, and they have ZERO experience in the consumer markets, especially with this technology. Conceptually, the Wocket is an interesting product, practically, it probably will not be adopted by enough people to justify the expense and investment of developing and selling it. Just take a look at SMME, that actually had claimed to develop a credit card with actual biometrics built into it. They think the card issuers will adopt that technology. I would guess that the SMME card would first have to be adopted, and then 5 years later, maybe, the Wocket has a chance. I think this company needed a new story, and it was born from government tech heads who have NO CLUE about the consumer biometric market, but raised a lot of money for an experiment. IMHO.
Obviously the company issued these shares directly to the promoter. Like the float couldn't use some more stock 6 months from now? I would bet that any release of stock into the market will be under a plan the company will make with an institutional investor. Between the lines = read. Thats my takeaway.
Especially where management has absolutely no experience in consumer biometrics. NONE. They have no IP protecting the "consumer" product, merely getting licenses from the chip suppliers. They should stick to government biometrics because thats what they seem to do best and understand. This is purely a bunch of former government tech heads playing in a market they don't understand.