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Is this the long awaited PR, or is there more to come? I still have no response from Hub from the 3-4 e-mails I've sent. TIA.
I for one appreciate your (uncommon) candor and the experience I can glean from your posting. Thanks.
I have to agree - pitiful. really pitiful. yay.... yawn...
Tangled web between $TOY, Rocap, Lexi-Luu, our CEO, former CEO, and now BTZO - then what about Koka, Snuggly, etc. Bottom line - WE NEED ANSWERS, where we gonna get them? Or maybe I have just been up too late - Feel free to delete what you think is not on topic.
What I am looking at is where Lexi-Luu came from.
On July 1, 2014 Mr. Hubert J. Blanchette, CEO of Lexi-Luu, exercised his right to exchange his 2.5 million common shares of Rocap in exchange for the return of 100 percent of the ownership of Lexi-Luu. This transaction
effectively ended the parent-subsidiary relationship of Rocap and Lexi-Luu. As such, all references to Lexi-Luu activity in the financial statements are referred to as discontinued operations.
Now we own Lexi-Luu, which is our #1 revenue producer. But to me the inter-relation between the other ticker, our former CEO was involved in it somehow too - and what's this with all the toys? Wasn't it you that tried to link a the Snuggly whatever's they are?
In Q3 2014 fins, both Hub and Marilu were hired:
On July 17, 2014, pursuant to the Share Exchange Agreement, the Registrant entered into an Employment Agreement with Hubert Blanchette.
The agreement provides that Mr. Blanchette will serve as Chief Executive Officer of Lexi Luu Design, Inc. for a term of five years. As
compensation for these services, the Registrant agreed to pay Mr. Blanchette a salary of $150,000 per year, except that for the period through May 31, 2015 sixty percent of the salary will be satisfied by issuance of common stock at a per share value of $.0015. The Registrant agreed to issue 50,000,000 common shares to Mr. Blanchette upon his execution of the agreement, which will vest quarterly over two years.
As compensation for these services, the Registrant agreed to pay Mr. Blanchette a salary of $150,000 per year, except that for the period through May 31, 2015 sixty percent of the salary will be satisfied by issuance of common stock at a per share value of $.0015. The Registrant agreed to issue 50,000,000 common shares to Mr. Blanchette upon his execution of the agreement, which will vest quarterly over two years.
Marilu's is almost identical, except for she is working for E-motion?
On July 18, 2014, pursuant to the Share Exchange Agreement, the Registrant entered into an Employment Agreement with Marilu Brassington.
The agreement provides that Ms. Brassington will serve as the Registrant’s Chief Financial Officer and as Chief Executive Officer of E-motion Apparel, Inc. for a term of five years. As compensation for these services, the Registrant agreed to pay Ms. Brassington a salary of $150,000 per year, except that for the period through May 31, 2015 68% of the salary will be satisfied by issuance of common stock at a per share value of $.0015. The Registrant agreed to issue 50,000,000 common shares to Ms. Brassington upon her execution of the agreement, which will vest quarterly over two years.
So basically now, $300k/year is going to be going out in salaries for 2 low revenue producing companies?
I'll leave it up to the board to hash this out.
No, not off topic. Read it. Search Hub's name out. Unless you already knew where Lexi-Luu came from.
I did a Google search on our CEO's name... came up with the previous link which shows where Lexi-Luu came from. It is a pretty tangled web if you ask me. I think I am getting a little more of the whole picture though.
Here is something for you to really chew on then....
http://spiraltoys.com/wp-content/uploads/2015/05/Rocap-Form-10Q-Q3-2014-Final.pdf
Thanks Sirpeter. I appreciate you taking the time to give me that information! GO BTZO!
I'm with you on the debt reduction. What is your take on the high administrative expenses if you don't mind sharing? TIA
You may be right, but imo somebody did a great job on graphic design, product packaging, website development and word of mouth is still the best form of advertising out there. If they could get some momentum going once again, there is a lot of potential here. GO DNAX!
Hope some of you guys are getting your sell orders filled - 20mm volume not bad.... Things that make you go hmmmm....
I found two statements in the Q3 2015 financial report. Here is what they say:
Immediately subsequent to its purchase of 500,000 shares of Series B Preferred Stock on November 18, 2013, 112359 Factor Fund, LLC (“Factor Fund”) entered into assignment agreements with seven holders of eight convertible promissory notes issued by the Registrant in 2012 and 2013. The aggregate of the principal
balance and accrued interest on the notes was $779,591, and all of the notes were past due and otherwise in default. The assignment agreements provided that
Factor Fund transferred the 500,000 shares of Series B Preferred Stock to the note holders, and the note holders assigned the eight notes to Factor Fund.
On July 1, 2013, Lexi-Luu borrowed $10,000 through an unsecured promissory note bearing interest $1,076 maturity date of January 1, 2014. This note is currently
at default, and bearing 45% interest. As of September 30, 2015, the Company had principal outstanding in the promissory note of $ 5,128 and accrued interest of
$4,097.
Sorry for the delay - you guys have been a busy beaver while I was out of pocket - lol. It is going to take me 20 minutes just to go back and try and catch up.
I'm lazy, so I will just copy and past my initial evaluation which I posted here (#36785) which was a reply to Gator:
Good question Gator - from past experience, usually once the fins were published, Hub started communicating almost immediately answering e-mails with brief comments. I guess we will have to WAIT and SEE...
There are a couple things, and honestly, the fins look pretty ugly to me as well - (revenues down, SHARE COUNT UP, etc.)... BUT in the last two quarterly reports, what is SURPRISING TO ME:
1) "Total Liabilities and Stockholders’ Deficit" - for the last two quarters DECREASED over half a million - $525,310 to be exact.*
June 30, 2015 - $1,234,508 - a DECREASE of $269,973 from Q1
Sept. 30, 2015 - $979,171 - a DECREASE of $255,337 from Q2
*My honest question is this: - shouldn't "stockholders deficit" be going up here?
2) “Liabilities” - for the last two quarters DECREASED by $382,502
June 30, 2015 - $4,341,154 - LIABILITIES DECREASED $191,427 from Q1
Sept. 30, 2015 - $ 4,150,079 - LIABILITIES DECREASED $191,075 from Q2
3) “Payments Due by Period” - - for the last two quarters decreased by $123,150. I realize this is "by period" - but surprisingly, it is decreasing as well.
June 30, 2015 - $1,924,086 - a DECREASE of $98,562 from Q1
Sept. 30, 2015 - $1,899,528 - a DECREASE of $24,588 from Q2
By no means am I trying to paint a picture of all giggles and roses – as you have pointed out, there are serious issues here. But, if liabilities continue going down even with decreased revenues, is it possible that they are slowly working themselves out of the hole and that if they can put together a couple good quarters or negotiate a significant deal – the whole picture could begin to change.
As has been mentioned – the fact that they are getting better interest rates is a sign of a healthier company. If the savings on interest payments are applied to continuing to pay off debts and some further cost cutting is done, it will only help the balance sheet IMO.
I see some of the expenses such as advertising are down – That could be either good or bad I guess.
I knew when I bought this that it was a stinky pinky .0001 ticker, but I am disappointed in Hub's UNDERPERFORMANCE thus far. I thought he was going to do a better job turning this around. Unless he has an ace up his sleeve, we are still in for an uphill battle. But I think there is still potential here.
Just my 2 cents – Blessings to all – and GO BTZO!
Junebug - There are a lot of valid complaints that are being made here so folks have reason to blow off some steam. With that said, there is hope, but it is getting less every day that goes by without something significant changing.
Read my post #36785 to Gator and that is the most positive information that I could pull out of the financials. But, then again, there is so much lack of information in the numbers too. Like where and how was the $1,054,871 for "General and Administrative Operating Expenses" used (YTD)? I guess only Hub and Marilu know if it was money wasted or money wisely spent for the benefit of the companies. That is a lot of $$.
Unless Hub comes through big time on this "deal" or something pretty major in 2 - 3 more quarters, the A/S truly will be maxed out. That gives about 6 months of room to really turn this around, imo.
The silence MAY be well justified, but it leaves no room for building confidence in the companies or the management. I can understand that folks have doubts. They have promised news now for far too long without delivering.
I am still cautiously optimistic, but not blind to the many things that could go wrong. Like you have said - whatever the case, I will go on my merry way - it just sure would be soooo much better if we can come up with some substantial progress here. Blessings to all and GO BTZO!
Profit - would you care to give your updated valuation based on Q3. Everyone agrees that the ss is getting blown up, but what is your take here?
Good question Gator - from past experience, usually once the fins were published, Hub started communicating almost immediately answering e-mails with brief comments. I guess we will have to WAIT and SEE...
There are a couple things, and honestly, the fins look pretty ugly to me as well - (revenues down, SHARE COUNT UP, etc.)... BUT in the last two quarterly reports, what is SURPRISING TO ME:
1) "Total Liabilities and Stockholders’ Deficit" - for the last two quarters DECREASED over half a million - $525,310 to be exact.*
June 30, 2015 - $1,234,508 - a DECREASE of $269,973 from Q1
Sept. 30, 2015 - $979,171 - a DECREASE of $255,337 from Q2
*My honest question is this: - shouldn't "stockholders deficit" be going up here?
2) “Liabilities” - for the last two quarters DECREASED by $382,502
June 30, 2015 - $4,341,154 - LIABILITIES DECREASED $191,427 from Q1
Sept. 30, 2015 - $ 4,150,079 - LIABILITIES DECREASED $191,075 from Q2
3) “Payments Due by Period” - - for the last two quarters decreased by $123,150. I realize this is "by period" - but surprisingly, it is decreasing as well.
June 30, 2015 - $1,924,086 - a DECREASE of $98,562 from Q1
Sept. 30, 2015 - $1,899,528 - a DECREASE of $24,588 from Q2
By no means am I trying to paint a picture of all giggles and roses – as you have pointed out, there are serious issues here. But, if liabilities continue going down even with decreased revenues, is it possible that they are slowly working themselves out of the hole and that if they can put together a couple good quarters or negotiate a significant deal – the whole picture could begin to change.
As has been mentioned – the fact that they are getting better interest rates is a sign of a healthier company. If the savings on interest payments are applied to continuing to pay off debts and some further cost cutting is done, it will only help the balance sheet IMO.
I see some of the expenses such as advertising are down – That could be either good or bad I guess.
I knew when I bought this that it was a stinky pinky .0001 ticker, but I am disappointed in Hub's UNDERPERFORMANCE thus far. I thought he was going to do a better job turning this around. Unless he has an ace up his sleeve, we are still in for an uphill battle. But I think there is still potential here.
Just my 2 cents – Blessings to all – and GO BTZO!
Yes! It would be nice to see some good #'s - GO THNS!
extranjero - My bad too. I got in at .0051 - but thankfully with a very small position. I think we see a pop in the pps at sometime, but I have no idea how high it will go. I guess it depends if they let up on the dilution for a few days to give it some air to breathe? Anyway, hope this gets a pump or something... GO THNS - LOL!
GO DNAX! Get out and find some investment for a production run! You can do it Mel!
Packer pray the Ticker Troubleshooting Technician can tweak your Ticker Tonic to get you just the right tempo! Go BTZO!
I didn't realize that Ticker Trouble was so prevalent here... I pray the best for you both and for Packer that the Ticker Troubleshooting Technician can tweak your Ticker Tonic to get you just the right tempo! Go BTZO!
Maybe I'm wrong, but I think they have to be working on SOMETHING all these past 6 months or so. I'm not under the impression that it will be a miraculous or instant fix, but I would think for their own sake they want to avoid a bankruptcy. I would think they would like to see the pps go up so they could also benefit from the common shares that they hold. I would think that they would like to see some fruits for their labors.
If they were truly dishonest, I just don't see why they don't try and go about this an easier way by (legally) making grandiose "predictions" and empty promises to pump it up. Pay some promoters, PR a loi to purchase some new hemp product, etc.
I think where there are revenues, assets and legitimate product lines, if nothing else, there can be a restructuring that will turn this around. Where there is a will, there is a way. I don't think I'm being overly optimistic to think they can get us back up to .0003 or .0004 again. That would be a 300% gain or more for me, and well worth it even if it takes another year or more. I don't have all my eggs in one basket either, so if it doesn't work out, that's ok too. If I am proven wrong, I guess I will have learned another life lesson, but thankfully, it won't have cost me more than I can afford to lose.
Blessings to all, and GO BTZO!
Well the old adage "volume precedes price" plus somebody felt it was time to jump in... I'd say those are both good signs. GO BLTA!
Is it BOOOOM TIME?
What is going on?
I've resorted now to sending Hub e-mails asking if we should send in the search and rescue or if we might actually receive a shareholder update in the near future - lol.
I've written like 3 or more e-mails since June with no response, so if this is just another "silent period" during negotiations, I'd say they are keeping a tight lid on it. Maybe the fins will give the sleuths here on the board some more clues?
Blessings to all and GO BTZO!
Welcome back Gator! We've all been on our best behavior while you were gone -lol. Only time will tell what is going to happen here. I really don't expect the fins to move this, I think it will require a shareholder update or PR of an actual deal. IMO, we get something by mid-December at the latest.
I still have some hopes to see some green by Christmas. As always, my prediction is that Hub and Marilu can put together a deal that will get us to .0003 or .0004 and create some volume here. If we even hit .0002's with volume,I guess that will give everybody a chance at least to cut losses, break even, or a few of us could even make a decent return here. Blessings to all and GO BTZO!
Sorry to butt in, - but from who posted that he was buying, imo, not really significant. From his stated strategy, he gathers large blocks of .0001 tickers of all types. When he is serious, he buys several hundred million or more at a time. I imagine he probably has a good number of BTZO already tucked away. It was good for volume, but in this case, as much as I would love to say otherwise, not what we are really looking for. C'mon Hub, deal us the goods - post a juicy PR! Go BTZO!
Cmon DNAX. Mel, can you find a couple investors to put together another production run? The potential is here for the ticker - Let's get this ship turned around - GO DNAX!
Umm... the buyer posted on here that he was buying... (#36585) GLTA and GO BTZO!
I am invested here with a tiny chunk of change, but all I have seen is dilution and a steady tanking with nothing substantial to correct the downward spiral. It is going to take either a super pump job or some really good news to get a pop out of this ticker *IMO.* PLEASE prove me wrong THNS!
It was a great ride from .0036 to .0115 - but I'm not getting greedy. Hope this continues to do well for the rest, but I'm calling it a day here.
Russ,
I agree with you on the shorting, but I don't think it affects us much down here with the huge margin requirements it would take on tickers like this.
IMO, what gets us more than that down here is companies awarding discounted shares to toxic lenders for "professional services" to everybody and their brother, CEO salaries and perks, criminal lenders that cover astronomical interest rates, reverse splits, blatantly false PR's, pump and dumps, special classes of preferred shares and of course the outright scams and thugs and normal volatility of everybody's fear and greed - lol.
My average here with BTZO is well under .0001, so if I get out at .0001 - I would still walk away with a couple hundred bucks. If they can turn this around great; but even if we hit even .0002 or higher, I can make enough profit to make it well worth my time. So again, my strategy and perspective is different from folks who got in at .0002 or .0003.
After getting burned several times, my new mantra has become "TAKE PROFITS" "TAKE PROFITS" "TAKE PROFITS" - That is exactly what I did today on another ticker - Whoo hoo! My only mistake with BTZO, was I re-invested a couple hundred too much back in so that if it doesn't pan out, I will eventually have to take a loss.
It has taken me a year of watching and (losing) and learning, but I am starting to figure out a strategy that works for me. I don't regret my BTZO investment, but .0001 tickers are among the riskiest of the risky. I have learned to pay a lot closer attention to dilution, A/S, O/S and VOLUME.
IMO, you don't have to be a rocket scientist but READ THE FINS and there are some key areas to watch out for that will make you or break you. I think for most practical purposes, I am sticking to high volume momo plays and not going to mess with tickers below .0014 in the future. My strategy is get in - and then get OUT and ride the freebies or take immediate profits.
FWIW - Blessings to all and GO BTZO!
Of all the top 10 Pink Sheets Tickers with most volume today.... ALL were either in the red or broke even.
http://www.thehotpennystocks.com/markets/pinksheets/
That is what I mean with the OTC being very lethargic of late...
Blessings to all and GO BTZO!
Hey Junebug - glad to hear from you - I still lurk a lot here on the board, but get tired of fighting the toxic air. It is either going to happen, or it won't - lol. No need to spend a lot of chatter in the meantime, imo. I've already got my BTZO position, and either way, I'll be happy.
Like you said, there are so many more thing in life more important than a few $$$. If we happen to see a big jump in the share price, great. If not, I am already so blessed it won't matter.
I have only been here in the OTC for about a year, and from what I have observed, the "big runs" don't happen like they did a few years ago. When they do, they are few and far between. I have followed a number of veteran traders here who say the whole OTC has been pretty lethargic the last year or so. I think until they put in place some tighter enforcement and regulations to stop true scams and criminals, it is going to continue to just be the wild west here. Sadly, even if a legitimate company has a decent product or service, there is too much manipulation in the market, that they may not get a fair shot - IMO.
I think we have some potential here with BTZO, but we are certainly fighting a lot of headwinds. Even if they pull off a big deal, I don't think we will see a huge movement, just because folks are so skeptical and have been burned so many times. Only as revenues truly increase and debt decreases will we see lasting pps appreciation IMO.
Again, the problem here with .0001 tickers, is that 1 tick up represents a 100% gain. That is a lot of momentum that you have to overcome - either with hype, gimmicks and tricks, or by posting solid, verifiable revenues. We had the momentum building, but didn't capitalize on it soon enough. If this deal comes through, we are "starting from scratch" IMO, because, as you can see, we've picked up quite a few non-believers along the way - lol.
There is also a a saying down here in OTC land "any old pig can fly" and I have sat on the sidelines and watched a couple of them do it - lol. I sure hope we see have something a little better here. I would be thrilled to get back to .0003 and begin to see a slow but steady increase from there.
Blessings to all and GO BTZO!
I chased briefly early this morning, but finally got in at .0036. I sold enough at .0058 that now I am riding freebies and can't wait to see how high this will go. I should have held more longer, but after getting burned one too many times you learn to take at least your initial capital off the table and LET ER RIDE. GO BIEI!
Well, no matter what happens - I won't be a basher. I mean even if they come out tomorrow as a scam and I have to count it all as a loss, what is the point? The only one I have to "bash" is myself, because I am the one who placed the buy order. I mean isn't rule #1 - "don't invest money your not willing to lose?" If I lose money, I consider the valuable experience I've gained and I move on. I mean geez folks, has everybody forgotten that this was a .000 ticker?
I personally expect to see share count up, but not a very big increase.
Revenues? Who knows. I personally would think that we will see an increase from Emotion and about the same revenues from Lexi. Would like to see Cleo post some #'s too. I don't expect any significant changes at this point that would convince new buyers to come in though.
Now KOKA,... I think Koka will still be in the 10Q. I don't expect it to reveal anything that will give any new insight, or if it does, it will still be more vague clues. I think we are going to have to wait until whatever negotiations are ongoing are completed, and then we will see a PR.
Bottom line, you either believe that Hub and Marilu are going to pull off some sort of deal that will move the pps or you don't. I still tend to think they will due to one main fact: they are personally vested in shares, and more than that, in many hours of time and effort. I don't believe they are wanting to just throw in the towel and call it quits, nor do I believe they are just looking to milk investors. There are a lot easier ways to pump a ticker for a quick buck if that is what they were here for...IMO.
I will stick to the same predictions that I have had for about at least 6 months. I still think that we see .0003 - .0004 when news hits. I have never predicted more, even though it OTC land, anything is possible.
Just my 2 cents. Blessings to all and GO BTZO!
Seriously? ONly 97k shares showing on L2 between .0067 and .008? WHOOT! WHOOT!
WOWZA! GO BIEI!