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I understand its all done electronically and automatically, so I am expecting so see something today. Hopefully. I want to BUY!!!!!
Good morning all! Already have my bids in and waiting. This is going to be very interesting, especially if the company has some news releases over the next week or 2.
Just got bunch of tweets from the company. Looks like a lot of action around the SafeDose product.
They all are SkiLuc. I am sure now there will be a new slow and steady investor/shareholder build up because that was their plan as stated by them previously. With 160,000 shares out there, it will be simply an economics exercise of supply and demand. May not look like it right away, but as soon as 20% of THAT float is gone, its my guess this think will catapult. I am sure there will be trailing MM BS, but that won;t last long once the balance of the shares are scooped up by the longs.
And THANK YOU CHEEKY, SKILUC and HOKIE (KGS too!) for keeping this board honest and presenting BOTH sides of this companies great story!
Yes, congratulations to all long term holders, Lorraine, Mark, Bill, Dr. Susie and Faruk. Looks like your first step was a success and GLTAOU in phase II !!!!!!!
Guess CSTI realized, hey, I can still sell some here at .006, maybe catch a late wave. I guess someone feels no matter what, this company should be under $1.00 We will see just how long that actually lasts.
Its over for them right now. They do not have the time to shake out the tree over the next hour and a half. Should be fairly clear sailing to .01.
Seems like the company has been waiting for tomorrow to happen before next steps are revealed. I am not too worried about the trading this or next week. I am more excited to see whats in store for the business. I guess tomorrow starts a new rebuilding day and am optimistic about this company's potential for growth.
I'll tell you BUD. 1000's of companies went our of business because the market crashed in 2008-2009. When was the date of that split? 1/2009 DUH. The split you are referring to, which is OFF TOPIC and that of a prior company was 10 years earlier, was AFTER the market crashed. It was a last ditch effort to save that company AFTER they lost $8M in funding and AFTER they put in $600K of their own money. BUD!. Were you a shareholder back then? NO. Are you a shareholder here?
How could they when they have been banned or placed limits on positive and friendly posters? Actually, I am not worried. Looks like the reverse is imminent and the flippers, even the MM's are drying up and losing interest. Up to .006, then hit that bid, to drop it to fill. Flip, flop, flip, flop. Thats all its been for the last 3 weeks. Next week starts a whole new game and the scrubs will be......scrubbed......
What a tragic move by this company - putting all their stash in one basket. When the GOP gets in, say goodbye to the cannabis market as you think you know it. It will be come medical only, and highly regulated. Bruce was an idiot, but at least the Rx dispensing machines were a good idea. What happened to those, because I know a company that could be interested in that.
Correct. Need BIG bid support. Right now its the MM's game, pull you up on the ask, sell high without stock, then hit the bid down a bit, jump ahead on bid and fill. Pathetic play for 1/100ths of pennies. Sick actually.
MM's playing with stock they don't have. Dangle stock they don't have at the ask, then fill it down on the bid. If the spread were tighter, I doubt you would see any of this.
So enjoy the last day or two of flipping all. Obviously its an administrative backup at FINRA. Has nothing to do with whether or not it will be approved - if thats what YOUR implication is.
I am optimistic about the future for $RXSF. It seems that they have taken all of the positive experiences from the past and are now applying them carefully. To some, there will always be disagreement, but then again, those naysayers didn't take the risk here, they don't have their own money in this, and they just don't have the technical nor business experience at the public level to make this happen. The past is brought up here more than any other board I have ever seen, and quite distastefully, because any examination of any company must include BOTH, the good with the bad. Its been nothing but bad from some. Focusing on the past now is short-sighted. Yea, disagree if you like, but history doesn't always repeat itself. Mistakes do, if you don't learn from them.
Everything now points to slow growth and careful administration. This company is in a better market than the last one. The last one focused on a "premium" market, adding biometric technology to home security products. Other than break-ins, it was more of a convenience product than anything else.
Today, the targeted use of their technology is focused on an industry that has multiple multi-billion dollar problems, and thats exactly what drug abuse and drug diverse are - MULTI BILLION DOLLAR PROBLEMS. It's also focused on a market that spends a lot of resources, both by government mandate, as well as insurance requirements to try to address those problems. My health system alone will be spending close to $18M next year to improve drug security in its 17 facilities.
I am sure this management team is well aware of their past mistakes which is over 10 years ago, because I don't see anything yet that they have done wrong here. You may disagree on how they decided to maintain and keep control of the company, but they started this, its their company, and without them, this would go nowhere, no matter how much business experience someone thinks they have. I believe the stock issues where done so they don't have to keep looking over their shoulders as they move forward. I believe all the stock issues have been blown out of proportion, without knowing the true intentions of management. I believe they needed to clean things up so whatever they do going forward gives the COMPANY the best chance of being successful.
There is no doubt AT ALL that this team has a track record of business success. MasterLock, Home Depot, SentrySafe, Honeywell, Sears, Lowes, Costco, Overhead Door Company, all couldn't be wrong. They were vetted, their technology was tested, it was co-branded and it was sold in a big way. There is no escaping those facts at all. The problems highlighted only look at the end result and they don't take into consideration any of the market effects at the time. Any business analysis has to look at the times and the money markets at the time, especially with a company that was relying on additional finding to grow. When the stock market crashed in late 2008 (at the time the former company was to get $8M in funding) 10's of BILLIONS of investments were lost - big companies laid off 10, 20 even 30% of their employees, and NO MONEY was available to support companies, such as their former company to continue operations. I spoke to Lorraine last week and she said everyone was pushing them in 2008 to grow, grow, grow, especially the greedy death knell funders. They just cared about the stock, and they had a stranglehold on that last company.
It's a different time now, a different market, and a different company. I for one appreciate their consistency and after talking with Lorraine, I fully understand why the past happened, and what a great positive and careful approach this company is taking going forward.
Anyone could easily see that after they announced the split, they started focusing on business, still with very limited resources. Its a matter of time before this company breaks out. Its no longer if.......its when.
No. They need real people with real business experience. Not someone who tears down management for their own private agenda.
Mattski - its called FUBAR
Yes, an with all due respect, everything public about that garage door opener was a tremendous success not matter how you want to paint that. MasterLock? Home Depot? Sears? Fortune Brands? Honeywell? SentrySafe? - you think this team actually fooled them? Are you out of your mind? (probably). Does anyone know the depth of DD required to get to those levels, when they are seeking you out to work with them? Especially product testing and market research? Those other posts are not a businessman's assessment, those are assessment of a jealous wannabe, typically based on an egotistical personality disorder, because he thinks he can do better. But I do know, after speaking with Lorraine, the company is already taking steps in Nevada to determine his identity, and they assured me, that they will take all appropriate action. Its in their hands now.
I like consistency especially when prior history shows tremendous success. And thats all history does. This management team had NO CONTROL over the market crash. They controlled the development, manufacturing and sales of their products - THATS how you measure success.
He just doesn't like the idea that this management team was on the cusp to a billion dollar breakout 10 years ago that was thwarted SOLELY due to the 2008 market crash. Everyone can see that. The facts and press he posts actually give tremendous credibility to the actual accomplishments of management while he thinks he is painting a bad picture. Disturbed is disturbed, and obviously there is a pattern of behavior here as can easily be seen on other boards. Now, they have relatively little debt, control the shares, and are actually in a market that can benefit from the technology. Anyone who would go out of their way to try to hurt this companies growth is probably some kind of addict themselves that can't kick their own habit - whether is substance or neurological. I am sure meds are involved as well.....and to think he wouldn't even buy a safe to lock them up. Shows you his motives.
Well thats obviously one businessman who doesn't know the SEC rules and doubt he ever had the reporting and control responsibility of a public company. Seems to me that this was the companies intent all along. Insiders and Affiliated control the unconverted preferred stock. The rule is real simple, as Cheeky pointed out, except he forgot one additional rule. At the time the conversion happens, those shares are first restricted for 6 months BEFORE they can be sold pursuant to Rule 144, and then no more than 1% of the outstanding float every 3 months.
I am surprised that he omits this RULE considering he is very detailed with his targeted DD. Alas, the whole story is now clear and prevails over innuendo and misdirection.
And where is all the panic dumping today, or can it be EL GUAPO that people have done their DD and are now holding?
The professor needs a refresher course in business 101. How he built a business decades ago has absolutely no bearing on starting and running a public company today. He thinks bricks and mortar, good old sales, is what you are measured by. Thats usually after the business is set up to produce. But last I checked, many technology companies trading in the $10 plus range on NASDAQ, with no actual products seem to get acquired by BIG companies that see the advantage of bringing that technology inside. This company doesn't want to open a few storefronts and run a pharmacy from the back of the store. These are seasoned executives whom some disagree with. But considering they are the ones who started the embedded biometric consumer market on a national scale, and have attracted big brand manufacturers and retailers because the products worked and were sold, you just don't want to give this a chance. That model worked well from them and they are doing it all over again, which shows consistency. You see it as negative, but then again, you must be implying that THEY are at fault for the market crash in 2008. You never address the 1,000's of business that went our of business. The thousands of small public companies that closed their doors. You seem to just point to what hurt them, when the fact is that was one thing they had no control over.
This isn't college, where theories lead people. Thats called government, where there is no financial accountability. There is plenty here, and last I checked, guaranteeing millions in debt, putting in $100K's of their own money.....they aren't playing with other peoples money as you allude to, they are doing it themselves as well.
Company: RX SAFES, INC. (RXSF)
Form Type: DEF 14C
Filing Date: 10/19/2015
CIK: 0001599385
Address: 170 GREEN VALLEY PARKWAY
SUITE 300
City, State, Zip: HENDERSON, Nevada 89012
Telephone: 516-983-9144
Fiscal Year: 12/31
14C was filed on 10/19/2015. R/S by law goes into effect 20 days after. Thats Nov. 9. It looks like if not monday, then tuesday. If it is tuesday, it keeps the window open to stock up.
Basically every single post you have posted is designed to show how the R/S will fail because you are not looking at this correctly. It doesn't matter what the stock price is at the split. It can be .0005. What matters is the stock price at the time of Application to NASDAQ - and I have a strong feeling, with only 160K shares in the trading float, it will be significantly over $2.00 No worries here. If you saw the news over the last month, I can't wait for the news after the split. But by that time, it will be too late to get shares at these levels. GLTU
Any seasoned business professional can easily see that this company has had a lot of challenges. It started with nothing, and is just now starting to come around. Some people criticize that, I say better late than never. Most entrepreneurs and some of the most successful companies start out this way. A lot of them start in their garages - APPLE, SYMBOL, GOOGLE, etc........ I learned you don't kick people when they are down and you don't try to hold them back either, especially in areas that help society - and quite frankly, this qualifies as one. Because what goes around, definitely comes around. And you know who I am talking to.
If you attack this company just to make a few tenths of a penny, shame on you. If you attack management, you must be disgruntled or think this is a game - but savings lives is no joke. If you ever want to walk into an ER and observe the damage drug overdose has on individuals and their families, PM me and I can arrange that.
I think its SICK that the relentless attacks against this company is coming solely at a cost of a few tenths of a penny, or just mere game players.
Do your own DD, weigh the risks against the benefits and make up your own minds. But be careful when DD is just one-sided.
$RXSF TEAM FIRST TEAM TO INTRODUCE FINGERPRINT TECHNOLOGY TO CONSUMERS!
Its the SAME EXACT technology as whats in the iPHONE and SAMSUNG PDA's only in a different form factor, thats all. Works and operates the same exact way. Its tried and tested technology and thats why APPLE bought the supplier who makes the silicon. Thats why fingerprint technology utilizing silicon is the most widely accepted and adopted technology......AND GUESS WHO INTRODUCED IT TO CONSUMERS at a national level FIRST - thats right THIS TEAM in 2005 when they designed and manufactured their garage door opener product that MasterLock, of all companies, put their trusted brand name on it, and Home Depot, the nations largest home improvement retailer stocked ALL of their stores shelves, AND reordered. Nothing else was on the market in the form of a consumer fingerprint product.
Several years before APPLE even thought about putting this technology into their phones. So say as many bad things as you want to, but this is the EXACT TEAM that started the entire consumer biometrics market. And thats verified.
This CEO has done everything she said she was going to do. Everything.She has a great track record of follow through, unlike most of the OTC CEO's.
I think thats it for now. The remaining shareholders are holding now before the split so the only activity will be NITE and CSTI trying to cover shares before friday. Nothing left to shake loose.
And again, you need to ALSO say WHY. They had a commitment of more than $8M to EXPAND manufacturing to fulfill reorders of their products. They already delivered 23,000 units to Home Depot and had re-orders of more than 18,000 units. That was late 2008 - WHEN THE MARKET CRASHED - money dried up, consumers were't buying anything anymore. No more money - no more public company. Period. Even MasterLock dumped 15% of its workforce because of the crash, just like 1000's of other companies. But I guess putting $600K of their own money in, personally guaranteeing $4.5M in debt loans and attempting to take stock out of the market with a last ditch effort reverse split to try to save the company doesn't count. See, when I conduct an analysis, I just don't look at the what, I look at the WHY, because that is whats revealing. Not all facts by themselves explains reasons why, and reasons why go to experience and judgment. Obviously they had no other choice.
Very interesting company, now on my watch list. May take a small position, thinking about it.
Infringement is absolutely real, and the mere fact that a business is touting and built a card system using technology developed and owned by another company is unlawful. You are hurting the shareholders in other companies by monetizing something you did NOT create or develop, nor have written permission to use. Thats improper in itself.
Is this the same IR firm that is representing SMME? Does anyone know how much they have been paid - whether it was stock, or a convertible note debt instrument with stock at a discount? And what actual services have they performed - direct calls from lists, social media - because someone is behind the artificial stock price and I don't think Chaya alone is actually smart enough to run, let alone grow, a public company.
Everest Corporate Advisors, Inc.
April 2015 – Present (8 months) Las Vegas, Nevada Area
We are a marketing and public relations company focused on services such as marketing for private and public companies, investor relations, administration, support services and business development consulting services.
We provide professional services to variety of clients in a number of industries nationwide. On a national and local basis, our company provides these services in the following disciplines: marketing, client support services, public relations, investor relations and business development consulting. Our business model was built and continues to evolve around our clients, we organize our services around our client's specific needs. With Everest's client-centric business model we act as a service company for our various clients by providing a selective range of marketing services.
The "services" they perform would require them to be "experts" in business consultation - where are the MBA's? Where are the companies they founded, took public and grew revenues? Or, are they former defrocked stock brokers who now use typical broker tactics to try to sell stock to individuals with list calls?
Just asking!
Hey, just realized this "firm" is on Vegas.....did they accompany Chaya for coffee discussions with those "banks"?
It says its CEO is a gentlemen by the name of Steffan Dalsgaard. Never heard of him.
Found this from 2 years ago....and its SOOOO relevant today.
Zwipe founded 2009 .... ...
company with a proper organizational structure, successful funding program- $ 3.5 million dollars raised last year ...partnered with MasterCard, product launched, first mover advantages, roll out in the UK next year
Smartmetric founded 2002, listed in 2006 at $1.50.. now trades at 7 cents.. $18.5 million raised so far, engaged in legal battles with Visa and MasterCard... still waiting for further funding
Think some of the "world first" claims on the website may need to be removed
Oh well Apple got a head start on Samsung .. perhaps there is a silver lining to this story.. at least the technology has been adopted.... gotta be happy ( jealous of ) for the Zwipe investors
Hopefully by 2016 on the 10th year anniversary of the listing...
Thank you Macrobull!
WOW, could hear a pin drop in here!
Thats sort of the pot calling the kettle black, isn't it Dave?
They have 30 days to cover. Not 3 like the old days. They just go out and borrow from other brokers.
Tell us Dave, you're very good at digging up information. Usually old, but information nonetheless. I am sure the shareholders here are familiar with the research you do.
Thanx JonQ
Well, if this turns out to be a sham, then you will know pretty quickly (I'm guessing over the next month) and then I would hold everyone, including the IR firm, personally responsible. How much did they get in stock and cash? Was that even reported?
CSTI banged on the bid and then jumped ahead of NITE on the bid to fill. Its the MM game. Only $2K has been traded. This needs $10-15K a day for them to give up, fill to cover and get out of the way. IMHO.