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it will be worse with a billion shares issued
I am absolutely shocked that this is at .013...
people just don't get it
Note-holders get a 40% discount when they cash them in...the lower the price, the more shares they get with the next note cashed in
anyone holding shares right now have one hope...
Due to new rules, the note-holders can't let it go below .01
Promotion has been renewed/continued
It is ongoing and shows the new info about the lame certification
This stock is still featured on their website....as long as it is being pumped, still must have shares to dump
Pennyonwallstreet.com has been paid to advertise Adama Technologies Corp. (ADAC). Pennyonwallstreet.com has been hired by a third party, Massey Enterprises, for a period beginning on January 24th 2018 and is scheduled to end on March 30th 2018 to publicly profile and disseminate information about ADAC. Pennyonwallstreet.com has been paid one hundred and twenty five thousand dollars over this period.
The third party paying us to market ADAC intends to sell their shares they hold while we tell investors to purchase during the Campaign.
https://www.pennyonwallstreet.com/
Has a picture of the flux capacitor...lol not really
What? you don't like balanced and fair reporting?
"I am the Great and Powerful OZ...Pay no attention to that man behind the curtain"
not bitter...only had this a couple days and got out with a small loss..no biggie
this ran because the it was highly promoted, the company got current with OTCBB, started putting out vague PR's with no substance and nobody here reads the fins
I am guily of it as well but once I did, I saw how toxic this company has been financed and started posting about these convertible notes 4/3/18 when the stock was still in the .04 range
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139754700
Once I let the cat out of the bag, the company has now gone dark again with delinquent reporting...they only got compliant so they and the note-holders could dump shares
they will not report now because they would have to show all the new notes sold since Oct 1,2017
everyone here was warned but i was in the minority and chastised for not playing well with others
According to the terms of the note upon default the balance due is 150% of the unpaid principal balance. In addition, from the date of default the notes bear interest at 22% per annum. The investor may in its sole discretion convert the default amount into equity. The total balance outstanding on this note at December 31, 2016 was $273,650, which included $243,650 of accrued interest and penalties.
22% annum puts the balance of this note now at over 350K
the conversion rate is 58% of the average of the lowest six trading prices for the Common Stock during the most recent ten-day period
This one note alone accounts for
$350,000 in shares at a discount of 42% of average share price for last 10 days (.02)
they get $350,000 worth of shares at .012
29,1666,666 shares dumped at .018 is an instant 50% gain
There are so many note holders in this company they are competing to dump their shares....forces down the share price...then they turn in another note at a 40% discount
rinse/repeat
sorry to say but those big sell orders were either the company or convertible note holders dumping shares
you want to see how toxic these convertible can be...look at the first one signed back in 2011: $30,000 convertible note never paid now owes the holder with interest and penalties $273,650
On November 18, 2011, the Company signed a $30,000 convertible promissory note with a third party. The note bears interest at 8% per annum and was due on August 18, 2012. The note has conversion rights that allow the holder of the note to convert after 180 days all or any part of the remaining principal balance into the Company’s common stock at a price equal to 58% of the average of the lowest six trading prices for the Common Stock during the most recent ten-day period. The conversion feature was determined to exist and was recorded at the time of issue as a derivative liability, but has been fully amortized in prior periods. This note is in default. According to the terms of the note upon default the balance due is 150% of the unpaid principal balance. In addition, from the date of default the notes bear interest at 22% per annum. The investor may in its sole discretion convert the default amount into equity. The total balance outstanding on this note at December 31, 2016 was $273,650, which included $243,650 of accrued interest and penalties.
All of this from the last filing ending Sept 30, 2017
https://backend.otcmarkets.com/otcapi/company/sec-filings/12654169/content/html
For the new faces on this board...this is a pure pump and dump stock
All of these notes are in default and the notes are diluting this stock to just over .01
I added up all of these convertible notes and it totals $625,000 unpaid as of Dec, 31, 2016 You can add 2017 and 2018 to this total...I don't have enough fingers or toes
with the stated conversion rate of .0015, the company would have to give them 416,666,666 shares
This total only accounts for the convertible notes sold thru 2015
On October 15, 2013, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on October 15, 2014. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $53,939.
On January 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on January 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $51,078.
On March 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on March 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $49,225.
On June 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on June 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $46,642.
On July 1, 2014, the Company converted $60,000 of amounts due to officers into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on July 31, 2015. The note has conversion rights that allow the holder of the note after six months to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $93,285.
On September 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on September 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $44,168.
On December 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on December 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $41,826.
On March 15, 2015, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on March 15, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $39,607.
On April 1, 2015, the Company converted $52,500 of compensation owed into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on September 30, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $69,312.
On April 1, 2015, the Company converted $30,000 of compensation owed into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on September 30, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $39,607.
On June 15, 2015, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on June 15, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $37,506.
On September 15, 2015, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on September 15, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $35,517.
On December 15, 2015, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on December 15, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $33,633.
you want to see how toxic these convertible can be...look at the first one signed back in 2011: $30,000 convertible note never paid now owes the holder with interest and penalties $273,650
On November 18, 2011, the Company signed a $30,000 convertible promissory note with a third party. The note bears interest at 8% per annum and was due on August 18, 2012. The note has conversion rights that allow the holder of the note to convert after 180 days all or any part of the remaining principal balance into the Company’s common stock at a price equal to 58% of the average of the lowest six trading prices for the Common Stock during the most recent ten-day period. The conversion feature was determined to exist and was recorded at the time of issue as a derivative liability, but has been fully amortized in prior periods. This note is in default. According to the terms of the note upon default the balance due is 150% of the unpaid principal balance. In addition, from the date of default the notes bear interest at 22% per annum. The investor may in its sole discretion convert the default amount into equity. The total balance outstanding on this note at December 31, 2016 was $273,650, which included $243,650 of accrued interest and penalties.
All of this from the last filing ending Sept 30, 2017
https://backend.otcmarkets.com/otcapi/company/sec-filings/12654169/content/html
And people wonder why can this fabulous company's share price is falling
Pennyonwallstreet.com has been paid to advertise Adama Technologies Corp. (ADAC). Pennyonwallstreet.com has been hired by a third party, Massey Enterprises, for a period beginning on January 24th 2018 and is scheduled to end on March 30th 2018 to publicly profile and disseminate information about ADAC. Pennyonwallstreet.com has been paid one hundred and twenty five thousand dollars over this period. The third party paying us to market ADAC intends to sell their shares they hold while we tell investors to purchase during the Campaign.
https://www.pennyonwallstreet.com/best-2018-investment-opportunity/
Authorized and Outstanding shares raised on ADAC
More convertible notes getting cashed and diluted
Share structure changed again..from the last filing: The number of shares of the issuer’s common stock issued and outstanding as of October 1, 2017 was 157,217,031 shares
https://backend.otcmarkets.com/otcapi/company/sec-filings/12654169/content/html
On March 6, 2018 there were roughly 250M OS...raised to 269M in early April... and now 292M as of 4/30
Authorized Shares doubled from 500M to 1B 4/30/18
As of 4/30/2018
292,704,348
https://www.otcmarkets.com/stock/ADAC/security
all one has to see is right there in the last filing
as of October 1, 2017 was 157,217,031 Outstanding shares. (500,000,000 Authorized ) and reporting to OTC
Now 292,704,348 Outstanding
(1,000,000,000 Authorized)
Delinquent reporting
Toxic financing is killing this stock...The company only has a story to sell shares for the note-holders who hire the third-party promoters
Pennyonwallstreet.com has been paid to advertise Adama Technologies Corp. (ADAC). Pennyonwallstreet.com has been hired by a third party, Massey Enterprises, for a period beginning on January 24th 2018 and is scheduled to end on March 30th 2018 to publicly profile and disseminate information about ADAC. Pennyonwallstreet.com has been paid one hundred and twenty five thousand dollars over this period. The third party paying us to market ADAC intends to sell their shares they hold while we tell investors to purchase during the Campaign.
uplisting was just part of the hype to sell shares...now that the convertible notes have been exposed, I doubt that there will be another 10Q
It would expose the new convertible notes sold since Oct 1, 2017
They sold 7 convertible notes in 2014
8 notes in 2015
4 notes in 2016
8 notes through Sept 2017
Do you really think they stopped selling notes since?
Volume is drying up as well...note holders have been bid-whacking this down faster to get rid of their shares while the promoters do their thing...then cash in another note at a 40% discount from the lower price
The one saving grace is they have to keep it above .01 to convert the notes
It is a race against time to get rid of their shares before it dilutes so bad that they have to do a reverse split
I use to think the convertible note holders were promoting this POS and dumping shares
Now the company, with it's slight of hand, is trying to pull the wool over the investors eyes by confusing the investors into thinking Boeing etc are coming now
They announced Tuesday that they are beginning the process of upgrading their certification to the AS9100 certification. This upgrade would allow Adama to pursue a much greater number of private contracts in the aerospace sector, including coveted contracts with Boeing, Lockheed Martin and Parker Hannifin.
Today they annnounced "they have successfully completed the ISO 9001:2015 certification. The company stated that they hoped that process would be completed sometime in 2018.
2 different certs...theirs is antiquated
what do you call this genius?
During the year ended December 31, 2017 the Company increased the authorized shares of
common stock to 1,790,000,000.
On April 24, 2018 the Company increased the authorized shares of common stock to 2,090,000,000
with a par value of $0.001.
https://backend.otcmarkets.com/otcapi/company/financial-report/193444/content
https://www.otcmarkets.com/stock/EQLB/disclosure
Old news?...filed yesterday
NEWS OUT!
yesterday filing
THE company raised the Authorized shares by 300 million a couple weeks ago...now at 2.1 Billion. This after having raised by 300 million to start the year.
everyone wants to blame shorting when their stock plummets
In this case, you can only blame recent dilution by the company
Also, all this talk about herrington getting 300M shares is wrong as well
No mention of anyone other than Owens holding more that a 5% or 10% stake in the company
On April 24, 2018 the Company increased the authorized shares of common stock to 2,090,000,000
with a par value of $0.001.
https://backend.otcmarkets.com/otcapi/company/financial-report/193443/content
Take your profits now folks
check the chart...the pump and most of the dump was over months ago
The short is 0
Nice action today...at least we found a bottom and now we can trade again
S&P
a lot of support today on the S&P at 2700...if it breaks below I see next support at 2680 (5/7,4/30,4/24, 4/5,and 3/26)
TVIX
An S&P break below 2700 and we will test the 6.03/6.10 TVIX gap
Next resistance in the 6.50/6.60 range (5/9,5/2, and again back at 3/9,3/2)
IMO of course
there is a gap that needs filled just above your target of mid 5.20's.... 5.26/5.40 gap (11th/14th)
you may want to put off breakfast for brunch
what is the next play..i want in b4 the run
they all went to BKPP_ on march 23 and failed there too
agreed...promo group not worth the 125K they received
Pennyonwallstreet.com has been paid to advertise Adama Technologies Corp. (ADAC). Pennyonwallstreet.com has been hired by a third party, Massey Enterprises, for a period beginning on January 24th 2018 and is scheduled to end on March 30th 2018 to publicly profile and disseminate information about ADAC. Pennyonwallstreet.com has been paid one hundred and twenty five thousand dollars over this period. The third party paying us to market ADAC intends to sell their shares they hold while we tell investors to purchase during the Campaign.
https://www.pennyonwallstreet.com/dislcaimer/
OTCX on the ask...more dilution this morning IMO
It would be helpful if you post the stock symbol at the start of a post
lol...I guess you painted the close with a 17.35 slap to win your prediction of a green close?
these are not new promoters...they were promoting/selling here in feb/mar...left in a mass exodus 3/23 for another play
can you show a link of Kevin getting 300M shares?
what chart school did you go to?
I see a head and shoulders on 6 month chart
back to sub penny IMO
lol...70% sells today
it makes sense if you knew how to read fins...pure pump and dump
ck that fin again...company issued 173 million more shares in 2017
Authorized shares increased to 1.79 Billion (pg f-1)
Outstanding shares are 1.4 Billion shares
Market Cap
34,085,111
05/07/2018
Authorized Shares
1,490,000,000
10/24/2017
Outstanding Shares
1,378,847,521
10/24/2017
Restricted
Not Available
Unrestricted
Not Available
https://www.otcmarkets.com/stock/EQLB/security
https://backend.otcmarkets.com/otcapi/company/financial-report/192518/content
all one has to see is right there in the last filing
as of October 1, 2017 was 157,217,031 Outstanding shares. (500,000,000 Authorized ) and reporting to OTC
Now 292,704,348 Outstanding
(1,000,000,000 Authorized)
Delinquent reporting
Toxic financing is killing this stock...The company only has a story to sell shares for the note-holders who hire the third-party promoters
Pennyonwallstreet.com has been paid to advertise Adama Technologies Corp. (ADAC). Pennyonwallstreet.com has been hired by a third party, Massey Enterprises, for a period beginning on January 24th 2018 and is scheduled to end on March 30th 2018 to publicly profile and disseminate information about ADAC. Pennyonwallstreet.com has been paid one hundred and twenty five thousand dollars over this period. The third party paying us to market ADAC intends to sell their shares they hold while we tell investors to purchase during the Campaign.
uplisting was just part of the hype to sell shares...now that the convertible notes have been exposed, I doubt that there will be another 10Q
It would expose the new convertible notes sold since Oct 1, 2017
They sold 7 convertible notes in 2014
8 notes in 2015
4 notes in 2016
8 notes through Sept 2017
Do you really think they stopped selling notes since?
Volume is drying up as well...note holders have been bid-whacking this down faster to get rid of their shares while the promoters do their thing...then cash in another note at a 40% discount from the lower price
The one saving grace is they have to keep it above .01 to convert the notes
It is a race against time to get rid of their shares before it dilutes so bad that they have to do a reverse split
67% sells today
nice power hour...two 19.00 trades...lol
do another screenshot at 4pm...I dare ya