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Down she goes
Yeah that's it... We wanted cheap shares
That's all old info from past filings... There is nothing new here
In this case it is. The only form 10s filed are a 10-Q and 12G. The form 10-12G is basically just a compilation of old filings. It's a general resource if you haven't been keeping up with the 10-Qs
Only a 12G has been filed outside of the 10Q and 8k. The 12G only states what we already know. A 550k convertible note debenture was filed on October 29
The form 10 is the 10Q...
MMs are not even people... The only price a MM cares about is the price people will buy at since they do make money per transaction
And Ed on Facebook lol. What's with all this speculation bs anyways?
But that's the thing... There isn't enough revenue to pay back the debt and the company does need money to operate. Maybe they won't need it in the future but right now they sure do
Well it should be understood by everyone that trades stocks. Why would he put that on Facebook anyways? It's his job to ensure investors that their money is in a good place not to tell them what he does with it
Thats a fair assessment. However it is understood that they will dilute to raise funds. They don't trade publicly to make the people who find them rich, they trade publicly to raise funds
In general, if there is dilution, shareholders deserve to know about it. It's affecting share price unlike what will happen "when" the Africa deal launches
I can't until the form 10 comes out... But come on, even people that are for this stock will admit that there has been dilution. That's what public trading companies do... Convert notes to raise funds
Yeah but at the same time, it is what you expect from a public trading company. The form 10 will be insightful
That revenue has been coming in through convertible notes for months now
That's a bold statement
Electronic signatures count as signatures
Good as long as you know ;)
That's 25 more business days to dilute into before the merger. They did state that they needed funds in the form 10 and will be diluting
I hope so
You can watch it all as it unfolds. It's all a side show
Trust me, I have my eyes close on this one. I want to see all come to close and everyone happy, but at the same time it is healthy to be skeptical of a company in the development stage. It is easy to be fooled
Lol what a bunch of nonsense. I lost credibility for asking to see a screen shot...? That's laughable
I too would like to see some proof of someone's transaction. A screen shot will do
It's rough to be an investor. Think of it as being a gambler... You can always throw the big bet down when the odds are on your side ;)
Then read the filings for yourself and you will see what I'm talking about? or is it that I don't know anything about anything and I'm just making up random numbers?
Only Rontan's shares are locked up. And even then they still have to acquire then first
Lol you couldn't be more wrong
Thank you. I'm getting jumped by 10 people for saying what they put in writing lol. They put it in writing for a reason, they are going to do it
The company openly said they would dilute shares... Guess what that is... A legal disclaimer
Better question is why are the amateurs trying to fight dilution
I tried to warn everyone yesterday
They openly said they would dilute shares in the form 10
That or they don't speak a whole lot of English. Either way I'm done for the night. I will keep a close eye on this one and dig deeper into fillings
The thing is this is the written one month after the 8k. If the merger doesn't go through then your stuck with a dilution machine
this statement is my concern comes in
Financial Condition and Liquidity
The accompanying financial statements have been prepared assuming we will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. We have sustained losses and experienced negative cash flows from operations since inception, and at September 30, 2015 had an accumulated deficit of $31,510,506, cash and cash equivalents of $115,662, a working capital deficit of $832,724 and stockholders’ deficit of $1,379,603. We have funded our activities to date primarily from equity and convertible debt financings. These factors raise substantial doubt about our ability to continue as a going concern.
We will continue to require substantial funds to continue development of our core business. Management’s plans in order to meet our operating cash flow requirements include (i) financing activities such as private placements of common stock, and issuances of debt and convertible debt instruments, (ii) the establishment of strategic relationships which we expect will lead to the generation of additional revenue or acquisition opportunities and (iii) the acquisition of additional businesses that provide complementary security and technology solutions.
While we believe that we will be successful in obtaining the necessary financing to fund our operations, there are no assurances that such additional funding will be achieved or that we will succeed in our future operations. We expect to raise additional funds through additional convertible debt offerings in the future.
That's a good thing... I want people to make money
You want a cookie?
I said they have a 32m deficit...which they do... That means they weren't doing too hot. I'm not saying anything about rontan other than once the lock up is done they will dump a bunch of shares