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Just look at the 8k reports.
ZERO DILUTION? They've issued new shares multiple times in the past year to the majority stock holders(to pay on debt as I mentioned already) and have a few billion left to issue.
It won't be much a surprise if there has been more dilution that isn't reported yet because they are currently getting the stop sign for not reporting.
The .0023 high doesn't mean much when 95% of the volume in that time period has been under .0004. In the time period when it was up in the .0023 range, it was doing only a few million in volume on a good day.
The day it did the .0023, it did a total of 5 million shares in volume.
Compare that to 267 million it sold in 1 day at .0001. Or the 256 million about a month ago at .0002.
The best you can do is there was a 66 million share volume day at around .001. But the days when it was higher than that, only 5 million on a good day.
These are the facts. The price may go up, but you'll have to be lucky to get rid of shares at those prices.
It's a shell company, will never have any real revenue and the real owners of the company(the majority shareholders) are simply selling off this stock to anyone who will buy it for any price they can get from it.
Most of the "debt" the company has is based on fraudulently overpriced "assets" that were "sold" to the company as a way for them to keep funneling shares to themselves. You can see this in the companies reports - when they actually put them in.
In their last report, they gave themselves a decent chunk of shares based on this debt.
Are you asking for a link to the latest reports where all this information is listed plainly?
I tell the truth, give my honest opinion and let people know the facts about the company.
Sorry you invested in a company that has a history of screwing people over.
Check back in the history of this board. Some people have been pumping this same stock talking about how it was going the moon any day for many many years.
There isn't much volume when it gets to the higher prices is the problem.
Probably some day. But if you are looking for anything soon, I wouldn't hold my breath. It may be tomorrow that they announce "new business direction" and it'll go up on some hype, but it could be another 6 months or more as well. Unless you know and get info from Tony and Sarah, it's a guessing game.
And then based on what I've seen the past 3 years with this stock, it might not go up much more than that. One time it went up to .0004, another time, .0008 and then 1 time it jumped all the way up to like .0024 or so.
The problem will be how much volume is available at the higher prices.
I'd say .0001 isn't a bad investment if you don't mind waiting long periods of time, .0002 is a little risky and I wouldn't even remotely think about buying anything above .0002 at any time. It's a shell company that lives on "forward looking statements" while insiders dump shares. There will likely never be a real company here with legitimate revenue to sustain higher prices.
Insiders who know the stock isn't going anywhere.
Kit Jennings was in state government and there are millions of people who served in the military. Neither of those even remotely suggests the ability to get government contracts.
Nevermind there is no company/infrastructure to even carry out such a contract.
SMAA has 0 government contracts in their history and have nothing in the works or even forward-looking statements that suggest there is any chance at them in the future.
Wishing you had government contracts and wishing you were a legitimate company the government would work with is quite different than actually being such a company.
What we see here is that there is no limit to what SMAA will claim as a means of dumping off insider shares.
What products does SMAA distribute currently?
They own less than 1% of windstaxx is the only positive asset gain or business at all really that I've seen in the past 3 years.
It's been fixed.
Probably because the company quit reporting, has once again not kept it's promising on updates and has nothing of significance going on.
But who is unloading?
Most likely an insider.
I agree, let's do some DD math.
Revenue doesn't matter for SMAA, only profit does. And of that profit, SMAA would get less than 1% of it.
Meaning, if we are being very generous and suggest that Windstax makes $1,000,000 a year in profit, SMAA as a company would receive less than $10,000 of it.
And it doesn't really stop there because that isn't profit for SMAA, it's just revenue for SMAA. And that revenue isn't even enough to pay for basic expenses.
Of course, most likely SMAA will receive no actual revenue from Windstax.
So what we still have with SMAA is a shell company with it's first actual "asset" which has little to no value.
Contact them yourself and you'll get the same response.
http://windstax.com/contact/
Just fill out the form, let them know you are looking to invest in SMAA and want to confirm the ownership.
Got a response in less than 24 hours.
It's an insignificant amount and will result in basically little to no revenue for SMAA.
Even worse, it's the only thing they claim to have going for them right now, since the bike thing turned out to be false.
So I guess the next news we'll hear is the usual "new direction" forward-looking statements.
SMAA owns less than 1% of Windstax.
I talked to Windstax yesterday and found out.
It happens about every 6 to 8 months, when they'll announce some business plan and completely ignore everything they claimed prior.
Problem is - you won't find the volume needed to make all that much profit.
Did he even give a single update?
The real people who run this company have always stayed behind the scenes. Every 6 months or so they always come up with the same things, new management, new business model, etc.
When those big fake debt notes to Tony and Sarah disappear, then I'll believe it's under new management. As best I can tell, they still run this one and their other one SMAA, and those are just the 2 I know about. I wouldn't be surprised to find out there are others.
It's not being shorted, it's insiders selling off their shares.
They can't make a real company so it's the only way they can generate money to live on.
I haven't worked for them in almost 3 years.
They ripped me off(one of many I later found out) so I quit.
I know the people who really run this company and they are nothing but scammers.
It's a shell company and has been since I worked for them. They are so flaky they couldn't keep a legitimate business going if they tried, so all they do is create fake press releases so they can dump their stock off on "investors".
Every 6 months or so they come out with claims of some new business venture. Nothing is ever seen from these things and you never hear anything else from them until they come back 6 months later with a new business model.
Rinse and repeat. The price will go up, but the volume will not be that high and the majority of the volume here is going to be .0001 and .0002 from insiders who live off dumping the stock.
Yes, people are selling shares to stop the prices from going up because they want to lose money.
As if it's hard to load up on 1's and 2's.
lol
Smart people take profit as soon as they can around here. The price will go up, but you'll never get the volume you need to make much.
Good luck with the next fake press release.
You are correct, it is a pump and dump.
Is that the note to Sarah and Tony?
If so, that sucker isn't going anywhere unless it's cashed in.
I'm not sure why becoming a shell for a new company(if true) is supposed to be a good thing.
The first thing that would happen is a reverse split, and your shares will lose the majority of it's value.
To be honest however, I doubt the claims that someone new is taking over.
The last time they did a reverse split it took the price up to $3.
And it screwed over all the investors in the process.
From that point, they have dilluted the stock, but it's shares that Tony and Sarah own and they just pocket the money and live off it.
Also, as far as executives go, they are just placeholders. Tony and Sarah are the ones who really run this shell. They'll run a promotion, new business model every 6 months to 1 year as a means of dumping shares.
You'll see the price go up, but the volume will be limited at the higher prices. Most people will end up screwed over.
They've been doing this for years.
Did the paid promotion run out already?
Guess they paid for a promotion. Other stock doing exactly the same thing.
Scam as always.
Good luck.
It's only gone above .0008 once and didn't stay up for long. Didn't have much volume at higher numbers as best I recall.
The next time you hear from the company will probably be whenever they come up with another thing to hype/pump.
You could be waiting up to 6 months for that based on past history.
Looks like that .0005 floor has holes in it.
They did a reverse split a few years ago bringing the price up to $3 per share.
This thing has been trending down for more than 2 years.
That's where it's heading.
Anything above .0001 seems silly to me.
Given their history it's probably a few months before they pump again. Probably just cashing out insiders at this point.
I don't know sorry, I only know what I saw first hand with DEAC and SMAA.
I don't talk to them at all anymore and they are generally the worst people I've ever had the displeasure doing business with.
That article isn't even remotely related to SMAA.