My posts are only my opinion. Everyone approaches investing/trading from their own angle. Please do your own DD and make your own decisions. GLTA!
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This one didn’t age well.
I've seen enough here to make a pretty educated guess as to what it was. Berge. It's always Berge. You may think that all notes,payments, etc. are accounted for. They never are. There is always someone to be paid and it's always in shares. I'm waiting to see the latest share update(last O/S was reported 18 days ago). The business may have turned a corner, but the way he does business does not. Glad you bought on the dip you might make a couple of bucks. The great fact about this stock is that it is not, and never has been, and never will be, an investment. It is a trade. IMHO of course.
Yes I was replying to the exuberant post declaring no notes until May 8.
Ok, the market condition causing 395m shares to be dumped on the market came from debt conversion. How’s that?
Yeah this one didn’t age well.
I’ll give you one guess
Or 8s, which is more likely.
Because the cost of owning those other companies is significant. They weren’t free. And shareholders have to pay for them.
Company has always had revenue. In 2012-14 they did over $2m/year in revenue without acquiring other companies. Despite millions of dollars of dilution that was down to $500k/year by the end of the decade. The mistake many are making here is that Berge has somehow changed. He hasn’t.
Won’t happen in a million years. We begged him to do it for years. His answer was “why would I buy common shares when I own preferred?”
Or down, which is more likely.
And yet here it is in the toilet…
They still lost almost $2m last year.
New O/S: 2,717,930,332 up “only” 88m from less than two weeks ago. I don’t think there’s been one update where there was not an increase.
Then who’s selling at a loss?
Correct, it’s the CEO. He’s been doing the same thing for over 10 years and people still believe what he says.
Then why is the price still dropping?
Which he’s said many times he will not do.
1. There is no “after dilution”.
2. Same person running the show as ever.
And I’ve not been a bag holder for 10 years. I learned after the 2014 reverse split(which the CEO promised his biggest shareholder was not happening several days after he filed it but the night before it was announced) not to marry this one. If I was bag holding for 10 years I’d have about 3 of my original shares left after a 1/1000 split following by a 1/10000 split…and now we’re months away from the next one.
It means the majority of future acquisitions will be done through either straight convertible financing or direct stock sales(which given the current/recent performance of the stock will be harder than last time). It will guarantee a reverse split in the not distant future. Berge has made any progress he’s ever made on the backs of shareholders. Such as it has been, such as it will ever be.
Yup except he borrows $50 and we pay back $100.
I guess the pump is over?
Yes but also a lot is not, which sadly not many but us old guard notice.
You’ll be able to get .0009s, and plenty of them, in a week or so.
We asked that for years, I think after the last two r/s he owns something like .77 shares of common.
Profit? I read in the 10k that there was a $1.7m operating loss. Company has turned profits but not since 2012 or 2013.
Don’t forget to mention the massive operating loss for 2021, what was it like $1.7m?
Nope, r/s in 2009, 2014, 2019 and well on the way to the next one. And he’s always said there is no plan to r/s…even after filing for it.
It’s also funny to assume dilution is slowing or ending. It isn’t, it never has and it never will.
The dilution is NEVER done
Then why does the O/S continue to increase?
There’s still a lot to be converted plus new notes.
More than likely never.
New O/S 2,629,200,173, up “only” 125m from 3 weeks ago. And “only” about $100k in new notes in Q4.
And that’s the problem. On today’s news and yesterdays 10K this should not be “holding steady. It should have been up by .001 by now.
Answer: whoever doesn’t listen to either one of us
Well then it’s a smart trader and not a disgruntled shareholder as our other esteemed poster is claiming.
So you’re saying someone will potentially lose money with bid dumps…for spite. Not logical. More likely a note holder trying to keep price down so they convert lower.
Except not no more notes
He’s shady because he’s ALWAYS diluted the stock. Always. He lied about the last two r/s’s, always saying reverse is not in the plans, one of them only hours before it was announced and several days after he filed for it. Any news that has come has always been in conjunction with a massive share dump. I can’t wait to see how many new notes were taken in the 4th quarter.