Realist
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Crash and berns
I am going to reiterate what I posted prior - speak to an attorney.
If you did work with or for them and were under an agreement of any sort, that may in some fashion preclude you from sharing anything about Endonovo publicly or with anyone for that matter.
I do not know what your agreement and contract was, nor does it matter for this message board, but you SHOULD speak to an attorney before you posted another thing on this message board.
At the end of the day I am guessing that even if you were to win in a lawsuit against Endonovo or Alan Collier, you will not get anything because the company has nothing to give you.
But if you violated any part of an agreement you had with them by posting on this board, then you may have some liabilities. I can not imagine you would have any real liabilities because you didn't disclose trade secrets or business plans, you were simply venting and making public your case against Endonovo regarding what they owe you because of the convertible note. I do not know if that is RECKLESS, FALSE or DISPARAGING so I am not sure they have a leg-to-stand on and I can not imagine Alan Collier will want to spend money to file a lawsuit against you because from your previous posts it does not seem like you are a wealthy person and the cost for him to go after you would not be financially beneficial to him or Endonovo if they were to win in court against you.
I understand your frustration and disappointment of them not paying you for a convertible note, which is a legal binding agreement - BUT they can not pay you if they do not have the money.
You know where I stand - I think Endonovo has failed as a business and I do not believe what they are trying to sell us regarding their plans for the future, but there comes a line that I would not cross when criticizing a company or a CEO, President or a CFO, but in your case - SERIOUSLY, STOP POSTING AND SPEAK TO AN ATTORNEY.
I NEVER NEVER EVER said SofPulse works.
I have no clue if it works.
All In know is that there are NO SALES.
PLEASE DONT EVER STATE I ENDORSED A PRODUCT (SofPulse in this case).
Endonovo still has no sales.
Upside down balance sheet.
In debt to a point that they should file bankruptcy.
Convertible notes are toxic which means shares will be given to note holders at a discount to market and those people can sell and drive the price down to 0001 or to a point before 0001 and the company does a reverse split.
Everything including all the pontificating about how great the company is, or links to past press releases, or any other meaningless verbiage has no value. THE COMPANY HAS NO SALES AND IN CASE PEOPLE DON'T KNOW - SALES AND REVENUES DRIVE VALUE OF A STOCK.
Please don't tell me about biotechs have no value and their shares go up. Endonovo is not a biotech and don't try to sell me that they are. They are a medical device company with no sales.
You need to speak to a lawyer.
If the person that SOLD YOU on the Endonovo investment was not a licensed broker then I think you do have a very very strong case against Endonovo because they raised capital illegally.
While your heart surgery and intensive care and rehab are unfortunate, I do not think that will help your case against Endonovo unless you pursue a separate lawsuit seeking punitive damages. Your stock market and investing case must be based on the law, and nothing else such as 9-hour open heart surgery or 6 weeks of rehab. Talking about all that stuff is immaterial.
I hope your health issues may be something you can use in a separate lawsuit.
As for Collier, his lawyer or one of his paid people criticizing you for coming on this board and criticizing them and the company - YOU DO HAVE FREE SPEECH and I can not imagine that you signed an NDA with them as part of the convertible note contract, which if you did, then you would not be able to vent on this message board, or any public forum.
Keep in mind all message boards allow for shareholders to post whatever they want, even if their posts are detrimental to the business and stock.
Freedom of speech provides all current, past and potential shareholders to post whatever they want, as long as it is not misleading in a manner that leads people to believe your statements are true and will result in the buying or selling of a stock.
As for Alan, his lawyer and cornerstone marketing telling you to hold the stock or wait for the business to get better and then you will be financially rewarded - this in of itself I believe is illegal because no insider of a public company, or their representatives can instruct you to making an investment decision or state in any manner that you will be financially rewarded through the repayment of the note or through the sale of stock. That is ILLEGAL for insiders and representatives to say.
See a Lawyer ASAP
This link is to the SEC compliant website page: https://www.sec.gov/complaint/select
This link is to the SEC whistleblower website page: https://www.sec.gov/whistleblower
I believe if Endonovo used an UNlicensed person to raise capital (ie, get you to invest), then FINRA will also probably get involved along side the SEC. See www.finra.org for additional information.
Good Luck, but I think posting on this message board will not benefit you. You need to either go to the SEC, FINRA or at the very least speak to a lawyer. Unfortunately I do not know if a lawyer would take this case on because Endonovo balance sheet is terrible and the likelihood of anyone ever making any money or being repaid is slim and none at best, in my opinion.
Crash and Berns
The first thing you must do is NOT listen to Cornerstone Marketing. Although I am NOT sure, based on his past posts he is paid by Endonovo and therefore you should not listen to anything he says. if Ia m right and he is paid by Endonovo then it is highly likely that Alan Collier is telling him how to respond here on this message board to your posts.
You need a lawyer to advise you. It would be best if you find your own lawyer or even google a search about a lawyer because taking legal advice from anyone on this message board is not a good idea.
Based on your prior posts I think the legal leg to stand on with Endonovo is that you are not an accredited investor, if in fact you are not an accredited investor.
I also think it is important from a legal standpoint regarding whomever you spoke to regarding this convertible note. If the person you spoke to, or dealt with, was not a licensed broker dealer, then that may be another legal leg for you to stand on.
Good Luck
Endonovo products &e sofpulse have been a failur since they've been introduced.
These are the facts and they are not disputable.
Anything else that anyone says is either a delusional opinion or statements made to make the company look good due to being a paid promotor.
SAD, very sad that we have on this board a person that claims he lost $50,000 by making a direct investment into Endonovo via convertible note and that money either ended up in Collier's pocket and some of which made it to Cornerstone marketing as payment for being positive on the company.
SAD and SHAMEFUL that Collier and Cornerstone Marketing don't have the decency to call that investor and at the very least speak to the guy that entrusted them.
As for being approved in VA Hospitals - WHERE ARE THE SALES???????????????????????
It is clear to me that you are either being paid by Endonovo for marketing or some form of promotional job because there is no way anyone in the world a spin-off could happen here.
If you think Endonovo can spin-off or start a new business and the debt would leave Endonovo and go into another business you are sadly mistaken. It doesn't work like that. There are accounting issues, legal issues that do not allow for that to happen because there are tax implications. there are NOL's (net operating losses) that must be held within a company to receive future tax breaks, there are other reasons and a transfer of debt from one entity to another entity controlled by Alan Collier can not happen.
I will give you another thing you are so wrong about - it is sad is that Sofpulse is misleading people by claiming it is securing EU and Asia rights. Sofpulse had no sales here in the United States meanwhile over the last 7+ years Endonovo has issued press releases about distribution agreements with multiple companies, none of which generated any sales. Endonovo has hired many executives with so called great resumes and bio's to lead the sales here in the U.S., none of which generated any sales.
Now they are going internationally? You claim it is a REVOLUTIONARY PRODUCT, what makes it revolutionary. There are no sales. Avivi couldn't make a go of it. Alan Collier couldn't make a go of it. Now the new thing to raise capital is to do a spin off and go internationally.
You will probably claim it is revolutionary because it fights the opioid pandemic. It has done nothing against the opioid problem here in the U.S. or anywhere because there is no sales.
It is Sad that people bought into this entire story from day one and all that has been accomplished is Alan Collier has paid himself a salary on the backs of unsophisticated investors.
unfortunately the money you gave to endonovo was a loan backed by a convertible note. if they do not have the money then they can not pay you back. you have no recourse at this point other than to get your convertible note converted to common stock and then you sell the stock, for whatever you can get for it because there is no trading and the price will drop when someone tries to sell $50,000 worth of stock.
i do not know if they committed fraud because you lent them the money, the only fraud you can claim is if you have something in writing that was false or misleading. that is a slippery slope because usually convertible notes have some form of a disclaimer to protect the company.
as for the sec they can not get involved unless there is glaring fraud. collier and his team probably sold you something that you believed with their words, but unless you have something guaranteed in writing then there is not much of a lawsuit.
collier as well as many CEO's do this to unsophisticated investors.
the only recourse you may have is if you are an unaccredited investor. i think you must be an accredited investor to have entered into a convertible note of this nature with a public company. this one mere little oversight on collier's part can be the only saving grace for you, but even that may not matter because endonovo has $24 million in debt and i am thinking there are many debt holders well before you that have the right to any money or repayment.
i dont mean this post to make you feel bad, but facts are the facts and the number 1 fact is that endonovo has no money to pay back their convertible note holders and their shares are worthless
you can try to go after collier personally but i dont know on what basis a lawsuit would benefit you, because even if you were to win in court, endonovo has no money and they should have filed for bankruptcy many years ago
The products were introduced by Avivi which was funded properly, yet Avivi could not make any sales.
No one in the world thinks its any good.
What Alan Collier has done was acquire the products through raising capital by using ENDV stock, issuing press releases that people believe resulting in people buying more stock and Collier paying himself a salary for many years.
He actually has made a living off of unsuspecting people's hard earned money. Along the way he has made misleading press releases, issued outrageous sales projections and continued this charade for years.
He has not contributed to society in any meaningful way. His life has been one that when he gets to those pearly gates he will be denied entry and will face eternity in a very scary place.
It's very sad what he has done to many people that bought ENDV on the open market and gave him cash for convertible notes. According to last 10Q, Endonovo has raised $43,533,687 and yet he has nothing to show for it.
Nothing but a sham and a shame
You say AMAZING RESULTS in your last post as well as other prior posts.
I am NOT disputing AMAZING RESULTS, but where are the sales?
And even with sales, Billions of shares on a fully diluted basis now and even more in the future means little-to-no stock increase.
Isn't it all about sales for a business?
Isn't it all about a cap structure that is good for shareholders?
Isn't stock market success backed by investment firms, which Endonovo has NONE.
If you think its amazing sales so be it for you, but there is so much more needed for a stock price increase and all those requirements I listed above are never going to be reached by Endonovo.
They have so many convertible notes on their balance sheet that if they convert it will dilute shareholders 13X.
And if you say that the SEC is cracking down on note holders and will not allow Endonovo to issue shares for the debt they took in via convertible note, then Endonovo will be obligated to pay back the money with cash, which it does not have. That means there is a possibility of an involuntary bankruptcy will be initiated by the noteholders. I am not sure if the note holders see any value in endonovo but without Endonovo raising capital it can not implement their sales and marketing plan. without cash infusion they can not buy their inventory needed to even make sales.
Endonovo PAYS for their appearance on NEW TO THE STREET.
It's paid advertising.
NEW TO THE STREET in turn pays Newsmax, Fox Business Network and Bloomberg to air their client interviews.
Endonovo is using shareholder money to pay for advertising which will not yield any ROI for the sale of products or stock promoting.
for the first quarter of 2023 Endonovo had $87,540 in sales. That is not only NOT EVEN CLOSE to the so-called revenue projections or even respectful.
$87,540 is an embarrassment and a joke.
I think people have caught on because only 45,304 shares traded today. That is basically zero and what it shows is that the company cannot raise any further capital because the people that give convertible notes are not going to give any more money to endonovo.
The OTC Markets gets a FEED from SEC filings or the company can provide the information to OTC Markets. Neither of those ways is reliable.
The only legitimate way to obtain real numbers is to review the most recent 10Q or 10K. If you look at the latest 10Q filed on May 22, 2023 it has 1,743,120,831 shares on a fully diluted basis.
That is the real number because it is in a 10Q filing with the SEC.
Anything else you read or see, regardless of where is irrelevant, and in some cases misleading purposely.
As for the shares outstanding number it is also meaningless because a company HAS TO DISCLOSE FULLY DILUTED number because at any moment those shares will become outstanding. And in ENDV case it will hurt the current shareholders because most of those shares in the fully diluted calculation are a result of loans the company took through a convertible note.
No one really knows where the money went to, but I am thinking a salary for Alan Collier and expenses like meals, travel, car lease, etc, etc, etc
I am curious - why do you think the stock is a good investment, especially considering that the company has ZERO revenues, it has ZERO cash or any asset that would allow them to make any revenues.
This is a public company with no business whatsoever.
What would lead you to think the stock will go up.
This company has one employee and that employee that has not been paid since 2014. In fact, he has had to lend the company money just to stay afloat.
The billions of shares the company has has allowed that one employee to sell shares into the market.
So I ask again, WHY are you bullish on this stock?
I do not know what dummed means, but I do know that Endonovo appears t0 be working with some shady people and firms.
If they have all this good-to-great news as some people have declared, I question everything, but I do not see anything that is positive based on facts.
Saying a company is going to increase revenues means nothing, especially when the CEO of the public company has said sales numbers that were completely misleading
Saying a company is going to do a transaction and uplist onto Nasdaq means nothing, especially when the CEO of the public company has made that statement multiple times in the past
Saying that a company does not need to concern themselves with low trading in its stock is lacking stock market experience.
Saying, or failing to ignore the high debt on a balance sheet is a lack of understanding business 101 and with the SEC possibly failing to approve a Registration form to issue more shares is going to negate their chance of raising any money.
I admit I do no know what DUMMED means, but if it is a mispelling, I do not want to call investors dumb because my post will most likely be deleted, as has been the case over the last 2 weeks on multiple occasions.
Endonovo has $25.5 million in debt. That debt will never go away and it must be serviced. if the SEC is going to legally pursue the note holders and ultimately Endonovo will not be allowed to pay off the debt with convertible note conversions to common stock, I do not see how Endonovo will have the cash to purchase products to sell the products.
That 25 million is not going away and without conversion to common stock they will be faced with bankruptcy because they dont have money to buy products to sell products (ie generate revenues)
If they can pay off their debt with convertible note conversions then they can raise money to buy products to sell which will increase revenue, but that means a lot of dilution to stock holders which means another reverse split and we all know what happens to stock prices after a reverse split.
As for raising capital they are now using JH Darbie which I just read in the S1 offering.
WHO IS JH DARBIE and what type of deals do they do?
Being on Fox, Newsweek and Bloomberg does not mean the business is good.
Many public companies advertise (pay money) to be interviewed on New To The Street
I am not bashing, I am just asking what will revenues be.
If Endonovo generated $100 million in revenues, that equates to 4 cents per share in revenue.
With 2.5 Billion in fully diluted shares the $100 million in revenue does not mean very much for the stock.
Then when you calculate the $20+ million in debt and that debt will be converted to common stock that 2.5 Billion will increase to a lot more, that will dilute shareholders so EVEN IF Endonovo can do $100 million in revenue, which I am not saying they won't or can't because I don't want to be labeled a basher, the billions of shares make it impossible for stock price appreciation.
Just stating numbers and avoiding opinions or being labeled a basher.
how will SmartMetric generate revenues
who will be paying Smartmetric for these cards
has the card been tested and if so by whom
John's success was not really his, rather his father's
John took over the 'family business' and as we all know, he drove it into the ground
The horse business was from the money he got from his family
Wireless Age was probably the only company that he ran successfully, but it ended up failing because he couldn't manage the finances properly. Whether he was taking money from the cash register, not paying taxes, or leveraged the business so high that it was basically foreclosed on.
His success was not his, but his failure was all him.
I have no ill-will towards people that get handed business, money or inheritances, but when I see them squandering it away I find it disheartening.
When I see what John did with it I have a saying - Karma is a Bitch and some people do deserve to die in jail if that is what a Judge decides
Investing Lesson - For public companies to experience stock price increase it is important to have investment firms buying the stock. Individual investors can make a penny stock go up 300% one day and then the same stock goes down 300% the next day. It's a roller coaster. For real stock price increase it always needs investment firms to invest and unless I am wrong, why would an investment firm invest in RLBY.
This is a pink sheet company with lowered revenues, losses and negative cash flow. Correct me if I am wrong but the numbers for this company does not make it attractive.
Not to mention that temp agencies, or human capital companies that are public all have lowered stock prices for the last few years, even before the pandemic.
There comes a point that common sense has to prevail and what professional investor or investment fund would want to buy this stock.
I am not saying there isn't a play here, but the stock swings will leave most investors with a loss because to make money with stock swings it would require perfect timing because you need to buy low and at the perfect price and sell high at the perfect time and price.
How can they pay a dividend since they have $53 million in debt, of which $25 million is current and their accounts payable which is immediate debt is $12 million - THEY ONLY HAVE $2.2 million in cash.
They have convertible notes payments due that if they don't pay using their cash the notes convert to stock at about a 50% discount to market price which will drive EFSH stock price down to 18 cents a share.
Oh, and what about the prospectus they filed on June 2 to raise $10 million.
Your dividend prediction can not be done just on the above numbers which are real.
But I will add another twist to your dividend dream - Maxim Group is the banker on this $10 million capital raise. Maxim is not bringing in long term investors for this cap raise, they will probably bring in short term funds that will short the stock. EFSH will end up being giving away the farm because more dilution, reverse split and a continuous loss for you.
I see a SHORT position as being the way to go here.
To Biotech_Tradez
I find it sad that some people on this board called you out about fairness opinion by saying WHO SAID VALUATION WOULD BE DONE in Q1?
You showed PROOF that the company made that statement.
Then in a subsequent post people write 1,000% in progress.
It's sad that some people see what they want to see, believe what they want to believe, or are just being paid to be a promoter and basically make things up to fit their narrative and try to belittle people like you that speak the truth. SAD is the word I have for some people.
Alan Collier earned his money by being the CEO of Endonovo through the sale of shares via convertible notes. That means unsophisticated individual investors bought those shares due to press releases Alan Collier issued, some of which made no sense, some of which were meaningless, but many of which were misleading. He paid himself a salary based on all that. A few years ago he projected $300 million in sales????????
I am going to guess he is going to claim he has NEVER sold a share of ENDV. The truth is the company sold the shares through toxic financings like convertible notes and Alan Collier received a salary. The salary was a result of the company selling shares.
So in legal verbiage, he never sold shares, but the sale of shares by the company resulted in him getting a salary.
I am going to guess he will claim he believed in the company because over the years he bought shares of the company on the open market. The money he personally used to buy those shares was a result of the company selling shares to pay his salary to buy the shares, all of which was based on misleading press releases the company issued, which he as CEO has to approve.
But by buying the shares he can claim HE BELIEVED IN THE COMPANY, a defense for him to use if and when SEC, FINRA, Justice Department or any other governmental agency files a lawsuit against him.
That will be his defense????
And then you have people on this message board trying to say ENDV stock will go up.
SAD
The SEC can not, under any circumstances, make debt disappear.
The SEC can have a note cancelled, which only means the conversion of note to common stock will not occur, but the debt will not go away. In really really simple terms Endonovo is going to have to pay back the money with the negotiated interest accrued in full.
Putting that aside, in the last SEC filing the fully diluted stock count went to 1.7 Billion for the quarter ended March 2023, compared to 79 Million for the quarted ended March 2022.
That 1.7 Billion has nothing to do with the current $26 million in debt the company still owes.
That is massive dilution and there will be further dilution moving forward.
Putting aside the legal issues with Auctus, forgetting about the outrageous dilution that has already occurred, Endonovo reported $87 thousand in revenues for the quarter ended March 2023.
That is embarrassing for a company that has made so many claims about great product, revenue projections, partnerships, etc,
I also think the past is indicative of the future.
I think when CEO's issue press releases with forecasts including proforma numbers and deal-terms and new company formations and uplisting to nasdaq, none of which comes true, it shows a pattern of the CEO basically lying, and that reflects on his character and believeabilty.
I also feel that when a CEO of a public company has never attracted a single institutional investor over a 20 year period, it means there is no business, no trust in the CEO and that means the stock will never increase because as well know, institutional ownership is a necessity for sustainable market cap appreciation.
I also know that the lack of liquidity in the market right now in ENDV stock means there is no belief in the company. Not even retail investors are buying the stock. The company has made a number of press releases this year alone, meanwhile no one is buying the stock. What does that tell you, if you are a common-sense person.
The lack of new investors illustrates the probability of stock ever going up.
It must be stated that if and when convertible notes are cancelled due to their legality and legitimacy, the loaner (Auctus) has the legal right to pursue the company (Endonovo) for the actual amount that they lent them. This entire process is a long and arduous process that will not be settled or finalized for many years.
Investors should not think of law suits as a way a company accomplishes success unless that lawsuit results in a claw back of revenues, profits and cash flow. In this case specifically, Endonovo's business will not benefit.
As for the company, the recent 10Q shows the share count at 1.7 Billion. That is compared to 79 million last year.
That is absurd amount of dilution in one year. That is a massive amount of dilution over a 10 year period, even a lifetime.
That shows that ENDV management has raised money using such bad terms that there is no chance of the stock ever increasing with any sustainability.
Not only did the share dilution occur, their debt is at $26 million.
ENDV raised $207,000 over the last quarter and on March 30th they only had $10 thousand which means they paid themselves back BS loans they probably claimed they lent to the company, I am sure BACKPAY was also paid among other invoices and bills and debt that probably has nothing to do with the business.
Then when you look at the top line revenue you see is $87 thousand.
How is this company ever going to repay all their debts, ever do anything close to 300 million in revenue, or even make an accomplishment that is worthy of discussion.
I am sure they will try to borrow more money but that may become an obstacle given the fact that many of the convertible guys are facing some legal issues of their own given the fact that the SEC is clamping down on them.
In conclusion, if ENDV wins any legal case against any toxic investor, it will not help their business, operations, cash flow or anything else. The best case scenario is that some of the debt may be removed from their balance sheet which currently has $26 million in debt. I also think it will be years before that ever happens and I am guessing based on their sales numbers in the first quarter, Endonovo will not be able to raise any more money and that will mean they will go dark. Going dark means no more financial filings, no more anything for Endonovo. They will just become a non-entity with the only operations being law suits against Endonovo for the $26 million in debt that they owe to many people and companies, most of which are not or have nothing to do with convertible notes.
I also think Alan Collier is going to face some legal lawsuits because of the past statements regarding the business that were probably misleading, his pro forma numbers not being ever reached and with no substance.
If you are going to be bullish and promote ENDV to the masses, please have some decency and justify your promotions with credible rhetoric or some form of ethical appeal because using terms like POTENTIALY MASSIVE POSITIVE FOR ENDV is not only wrong, its misleading and unethical by all standards.
As for toughbuilt and yesterday's press release.
They don't even have the decency to have a LIVE conference call with shareholders.
They pre recorded a conference call which will be released in a few days. That means there is either no interest from shareholders and management doesn't want to be embarrassed that no one cares to even participate in the quarterly conference call, or management doesn't have the intelligence to reply to shareholder questions. By having a pre recorded conference call, they can claim shareholders submitted questions and management answered them, but the truth is that management probably wrote the questions themselves and answered via a script to make themselves sound intelligent, smart and interactive with shareholders.
DISGRACEFUL
Please tell me the message post # that you claim i went off topic and told you how great I am.
I do not believe I ever said or insinuated anything of that nature.
I ask that you consider whatever you read and do not misinterpret my analysis of TBLT and sharing of my opinion as me bragging about myself.
I look forward to your reply to this post because if I ever bragged about myself in any TBLT post I will sincerely apologize because bragging is a sign of weakness and self-doubt.
What does the volume hit mean?
1 - Toughbuilt has proven itself to be a bad investment (fact)
2 - I simply in my last few posts stated some of the reasons the stock has gone down (fact)
3 - You post about being humble and giving personal advice which has nothing to do with TBLT stock (fact) and that I should stop embarrassing myself (fact)
I don't get easily embarrassed
Stay on topic - post about TBLT stock not your feelings about another person
Not much interest in RSSS from new investors but the fundamentals are good and cap structure doesn't seem to be an impediment so this may be an investment opportunity.
it is called an EGO
no reason for me to be humble when it comes to investing.
being humble is about the person's life, his family, intelligence, life-accomplishments, philanthropy, etc.
when it comes to competing, such as sports or investing - it takes an ego. A BIG F%@$#ing EGO
investing is buying shares from a person and selling to another person
its about winning and losing on a stock price.
you can have multiple winners in one transaction, as well as multiple losers
it is a game, just not a game that 94% of people understand how it is actually done
being humble is for non-winners in sports, any type of competition and investing
I do admit I have a great deal of time. Truth is I have disposable and wasted time available to me.
I am a retired financial advisor and currently spend about 3 hours a day investing - researching, giving opinions publicly, trading and speaking to 200+ former clients about certain deals that we as a group can invest in and also as individuals.
I am married with children and accumulated enough money to waste time if and when I want to. I do take vacations and spend a great deal of time with my children so my time on public markets and investorshub.com do not interfere with my personal life.
I do enjoy the public markets because with discipline and a cerebral approach I make money through long term investing and 3-5 day short term trading in and out of stocks that includes trading on news, financial releases and timing such as taking a short position in companies that have lock up period expirations.
Not easy to short. Very hard to impossible because of the low float.
This has disaster written all over it because the low float today is going to get worse when they do a reverse split to maintain their $1 stock price for Nasdaq.
Because of shareholder equity and a few other numbers that a company must meet to remain on nasdaq, TBLT may not be able to do a reverse split. I do not know all the details and specifics but the company may get delisted and trade on OTC within 180 days after they get notified by Nasdaq.
Nasdaq has minimum requirements, other than the $1 stock price, that all public companies must meet and adhere to.
I always thought Toughbuilt would be acquired but my theory has changed because TBLT CEO is not going to get anything from the sale because he only owns 2% of the company.
It would probably behoove him to keep the company and get his salary.
Since he will not be able to raise more capital as a OTC company I am guessing he will slow the revenue growth and get to a point that they will just have flat numbers but be able to pay salaries.
If he runs up the debt due to lack of financing options he can always run the company for as long as possible, file for bankruptcy and then maybe try to sell the company and as part of the deal he can get an employment contract with whomever acquires the company, but if that were to happen Michael would not be getting salary and bonus that add up to $1 million a year. He would take a major hair cut.
I find it very funny that the CEO used the word fervently in his comments paragraph.
That shows me that he is trying to show he is smarter than everyone else. How many times a day does he use that word?
Terrible word to use.
As for the stock - it will continue to decline because there will probably be a private placement at a cheap price and then a reverse split to stay on the nasdaq.
At the end of December they only had $2.5 million in cash and their burn rate is going to eat up that cash in months.
More capital raise means more dilution means lower stock price means the ceo is happy with his $635,000 salary plus his bonus. Stock means nothing to him because he only owns 303,102 shares. That is 2% of the company.
He can care less about the stock as long as salary and bonus keeps coming in.
All this is being done on the back of retail investors buying the shares on the open market.
Another press release
Will any sales occur from this press release??
doing a "DEAL" with a government agency is not a profitable endeavor. in fact, it can be a bad business deal. don't let US GOVERNMENT deals lead you to believe that it is good for the business.
OPTT management has a proven track record of losing money with no results.
Another press release on top of the hundreds of past press releases
This company has issued press release after press release after PR announcing some great accomplishment and internal milestone. This goes back to days before Kirby and now to this management team.
yet little to no sales
please don't say $2 million a year is real sales.
the little pizzeria down the block from me does way more, meanwhile, OPt has raised $323 million in capital
stock has continued years upon years of decline
the only true accomplishment the company can brag about is the trading volume and liquidity in the stock because that has allowed the company to raise capital on the backs of unsophisticated retail investors.
maybe the idea of waves producing energy and electricity is a great idea, but it would seem as if OPT has developed the technology but no one is buying it.
maybe this is just a business that needs to be funded by a government to see if there is something of any value because there is no value to open market investors.
the investors that participated in the private placements make money because they get the shares at a discount to market and then SELL those shares on the open market to those unsophisticated retail investors that are buying based on a theory or a philosophy that OPT is doing something good
but the facts are undisputable and its a never ending loss for the company and investors
opinions are for dreamers because the thousands of people that lost money on this stock are real people that have been either sold an idea or a promise, or just made a mistake, but its a fact they lost money on their OPT investment
take whatever you were going to spend on OPT stock and go have yourself a nice meal and when you get rid of your meal (after your morning coffee) consider your excrements worth more than the OPT stock you would have bought. because your meal had value at the time, OPT has never had value
What a scam
I had a sell order for a small amount of shares I am stuck with and even in today's high volume day I could not get my order filled for 15,000 shares at $1.00.
Hundreds of thousands of shares and i couldn't unload my stock???
i feel like saying the line the guy from the movie wall street said: I am gonna dump the stock just to burn your ass
ars2014
it was you that was promotional and believed in JE and that was your reasoning for thinking RLBY was going to be a good investment.
you have changed your tune and now it would seem to me that you are down on RLBY
you thought JE was the best thing since sliced bread, now its burnt dough
what is your position on JE now
what is your position on RLBY stock now
Where is the value in this deal.
CLRD is a bad company with losses and based on their balance sheet and some recent announcements it looks as if they are giving up on some of their properties and senior living residences. If I am reading everything correctly CLRD revenues will be going down.
If they are banking on AI or robotics, it must be noted that Clearday doesn't own any AI or robotics. They are merely a reseller, but I don't know if they ever resold anything as of yet.
Unless I am wrong VHAQ is a short if I ever seen one.
Am I missing something here?
can someone give me a perspective that I may be overlooking?
Can someone explain to me the fundamentals of a deal that combines VHAQ and CLRD?
I do ask for fundamentals not opinions, dreams and hopes.
VHAQ investors will have the right to withdraw their money before the deal closes. The deal can close but right now we do not know how much money VHAQ will be bringing into the deal. I also find it strange that CLRD has not filed their 10K yet because that must be part of the due diligence process VHAQ will need to complete. Without the 10K filed I do not understand how VHAQ shareholders can even vote.
I also think its a negative sign when there was no activity in the stock today. Less than 7,000 shares traded and that tells me that there is no interest in this entire deal.
The following is a statement in today's press release:
“Having spent years of research and development, SmartMetric has created what is considered to be one of the most advanced and leading-edge next generation credit card products in the credit card industry,” said SmartMetric President and CEO, Chaya Hendrick.
How can he/she make that statement since there is no card by SmartMetric.
Who considers it to be one of the most advanced and leading edge next generation credit card products in the industry.
Who, what, where
What has SmartMetric ever done
Name me just one accomplishment other than raising $26,984,207 for which Chaya pays himself/herself a salary, expenses trips, meals, hotels and numerous other things, all at the expense of unsophisticated retail investors that keep buying the stock on the open market so the convertible note holders can sell their shares at a discount to market and keep funding SMME because of the retail investors.
Reliability and its management team have nothing to do with the wheels of justice. They don't control the speed or lack there of when it comes to a court case progression. There is still a lot of stuff that needs to be addressed with Reliability and those shareholders that own 84% of RLBY.
I agree, it would be meaningless for management to speak about Vivos matter since there is absolutely nothing to say. Management can not predict timeframes and final determinations.
And RLBY management can not just cancel share ownership of those 84% owners - it is a long, tedious process that requires motions, lawsuits, judges determinations and then potential appeals.
I would say one thing that RLBY can do is buy out those 84% owners.
Offer them a nominal amount for the shares and have the shares returned to treasury.
I don't know what a fair offer with a discount would be, but I am sure there has to be some middle ground.
I also think Reliability should be more aggressive in its public relations and investor relations. A PR campaign can get some new eye balls on the company stock and a IR campaign can bring in some larger investors that may want to buy out the 84% owners through a private stock transaction.
It's worth a try if nothing else is working and everything else is taking too much time.