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If you have the details I think 4-5 people on this board are interested. Please share them so we will know how it works.
Did you take part in it Champ?
There is a upside as well if you are a true long.
Do you want me to lay it out for you. It does not require you to buy at the ask on the way up.
A quick Google search would give you a example of what they look like.
Let me warn you I have made mistakes with a lot of 000's behind it.
I am more concerned about my money than anybody else in the world!!
I have seen them where if you were not a accredited investor they have another line with something to the effect of a experienced investor.
The 3 big areas of concern for me are
1. Money is tied up for the restriction period. I have seen some that you get a mix of free trading shares and a mix of restricted stock and warrants as well.
2. If everybody buys at the same time they all get released at the same time. If they raise $250k at .025 that would be 10 million shares that could hit the market at the same time.
3. Volume needs to be high enough so you can sell shares. It does no good to have millions of shares if nobody will buy them. I did not double check but I think they had some 3-4 million share days last week if you try adding another million to get out it would not of held the .04's. 100k share days would are long and boring.
I am not a lawyer and if you have one available I would discuss the split with them. In the agreement you will find line after line of statements like.
d) the Purchaser may not offer, sell or transfer the Securities within the United States or to, or for the account or benefit of, a U.S. Person, unless the Securities are registered under the 1933 Act and the securities laws of all applicable states or an exemption from such registration requirements is available;
I sure somebody on I hub will have more experience than me in this area.
I doubt they will help with everybody watching a private message might gets a response.
If they respond to your request I could find out how difficult it is to split a typical agreement.
You might just ask Alex and then verify with outside sources.
I'm surprised nobody ask why they were there. I would be curious to the restriction they put on it and if they also had warrants. If they sold the shares at a slight discount and some warrants I would be interested. I would assume they would sell for .02 - .025 a share and be locked up for a year. I sent a email to the general mailbox on Tuesday and never received a reply.
I have always been a Lone Ranger with stuff like this so I have no idea the best method to split.
I seen it as a good thing they never responded to my email.
Got the impression they did not need the money.
They will have to file paperwork with the SEC if they ever report and then you can see exactly if it was a sweetheart deal to friends and family.
I also like to have free trading shares so I can be flexible.
Without the subscription agreement you have no idea what they did. With it you gain a better understanding of the value they put on the company. Not sure I would post the details on here for the whole world to see but it's a free world. You can almost expect the shares to hit the market when the restriction comes off.
The 3.5 million they discussed in financing would be a much bigger concern. That in the past is where a lot of pink sheet stocks have problems. Give them some room to operate but can become toxic real fast.
Looks like we have a standoff. Buyers out of cash to slap ask and sellers not willing to sell lower. Real question is will the sellers let it run again. I think they will let it go to a new high on the next push of volume (5-7 million). I'll be watching.
Strange share price drops a little and accusations start flying.
That sir makes no sense. Why would I post anything good or bad if I was involved. I think my tone has been more to the negative than positive side. Made some decent money on this but more entertained by the group. Kind of refreshing seeing everybody think it will shoot to the dollar range overnight. Pink sheets are the Wild Wild West of the stock market. High risk high reward. I was looking at some peoples old post and people had the same thoughts months ago.
I would assume the seller would at least take a look around. They are probably very disciplined in buying and selling and don't fall in love with any stock. Strictly business. I also think they have a decent plan and would make minor adjustments along the way based on demand. I doubt they would make friends around here but might have a group of people talking it up. I doubt they would say anything that could used against them in a court of law.
Looks like someone fat fingered a symbol. They sold them today for $15.
I figure they cleared 150k last week how did you do.
If always takes 2 people to make a deal. If the shares were too cheap shame on management. As shareholders we brag about how we are in a stock at .000? But when the company cuts a deal selling them dirt cheap the buyer becomes a bad person when they decide to cash in.They have their own agenda just like the people on this board. I'm thinking they took the risk and it looks like the rewards have been plenty. I think somebody is making some serious cash. They took a risk at some point and should be rewarded. If volume stays up for a while they will run out if the company stays out of bad deals.
That's kind of harsh. They are just trying to make some money like everybody else.
Why would someone buy 1000 share for $22 dollars. Market makers clean up the books.
I've been known to swing for the fence before. Good luck to you hope it works out. If the selling stops I might get back in but from the looks of it might be a while. I shall watch the mayhem front the sidelines. I have some other stuff in the works anyway.
I guess up is subjective of where you started from. If I followed your advice from Saturday I would have bought Monday and that wouldn't have worked so well. I'll wait for .0275 to buy in again. How much will you be up at that level.
How did this work out buying into a seller that has tons of shares.
It was looks interesting but will see what I find. Fits the style of stock I like to play in.
Since nobody found a stock meeting my requirements I have found 2. One is Tlfx the other I still need to pick up a position before I post. Thanks to whoever I found it from Auga77. It looks like I can part some cash in it.
I don't know people that do personal loans. I think that's what banks are for. I do know people who buy stock and might even consider doing a private placement or subscription of shares for the right price. If I held millions of shares and was very long on the stock I would have wrote a check on the spot. Sold shares today and waited until the restriction was lifted. I assume they were selling at .025-.03 and maybe 1 warrent with a 6 month restriction on the shares and 1 year on the warrants. If I was going long on this I would give Alex a call but have to many reservations. With all the die hard longs on this board not sure why nobody even looked at this.
Seeking did you take the 250k as a private placement. I wrote a few collage papers on shells and reverse mergers. I might have been confused and that it was customary to raise funds in this manner.
I must be. Better watch the meeting again. I thought he was doing private placement of shares for a little cash until the financing deal comes tru with Caro.
So it was just a loan to him? I thought they were raising money for the company? I must be confused!
I agree a reverse for higher listing is not bad. Doing it to clean out billions of shares is a different and very common tactic. Do you know the share count or what they were giving for 25k investment. I surprised some of the larger shareholders didn't at least ask about it. If I was there I would have least ask. It gives you a good idea of the value the company puts on the stock. I assume all sweetheart deals have been cut to insiders.
The 250k they were trying to raise from interested investors. It will probably cost them 10-15 million more shares. If a company has no cash to pay bills they end up issuing shares for debt. Our pr group Jack probably takes shares every time they put out a Pr. That's how the share count gets to the billions. If not done correctly it becomes toxic and they can never raise share price. That's why I never invest in companies with over a billion shares outstanding. Once they get to high they will reverse split and start all over again. Not bad for the upper management they get to live a nice lifestyle on shareholders backs. Reverse repeat change name repeat etc.
Every time they do it your ownership in the company is diluted.
Not sure I have seen any follow up on this. I think these would typically sell at a 20 percent discount with a restriction period on them. If you were a true long why wouldn't someone flip a million today for 40k and buy a million locked up for a year at 25k.
Only real question I have is how many shares does the large seller have.
Do they have another 40-50 million. Until these are gone they are in control.
I doubt anybody on this board would invest enough money to collect them all.
I have seen 20-30 million dropped into sellers in the .025 to .04 range and it hasn't made a difference.
We need a couple 10 million share days to clean them out unless of course the company is printing them fast than people can buy.
Better question is where I buy back in. I have a number on the down side but will adjust based on action in the next 2 weeks.
I agree with the bump tomorrow and then a somewhat steady decline for the next month. Until the sellers are out of shares the price will go down. They might let it run even higher at some point people can only push so much cash into a stock. A end list supply of shares will always win. I would guess as high a .10 and we will have to see where it stops coming down. I assume they will clean out shares if the have the buyers to support it. Assuming they don't receive any more.
Curious to what the share count will be in the next 2-3 months and the share price they received for the $225k they advertised needing. Over a billion outstanding I'm out. Might be there now.
I found out 2 things today in my research at the bar playing pool with a old friend. On the way there stopped at the gas station I usually fill up at. Friendly guy appears to be the owner so I ask him what his electric bill is a month. Says it is about $1200 average. Follow up with does he have led lights etc. said he switched over a few years ago to more efficient stuff a few years ago when his bill was $1800.
Second person I talked to was my pool shooting buddy. He has a 3 story building that they only use one level for walk in customers. Old bill was $2000-$2200 but they put a new ac unit in and now it will run around $1200 average. Ac unit cost $135k and his son took over did led and thermostat etc.
So I see the savings for business.
So to follow up SAM
5000 was customers current electric bill.
1000 is the amount we would save them by upgrading everything.
They would receive a 5 percent reduction $250
Leaving $750 profit a month to pay off equipment and Chro.
The 30k in equipment cost interest every month. My friend says commercial money cost 2-5 percent. He has perfect credit and assets to back it up.
Not sure what a typical customer would have to pay.
I need to look at the business model a little better but Angela acts like they just broker the deal and somebody else does all the work installs site survey etc. replacement parts.
Not sure how or when they get paid.
Customer still cuts a check to the electric company then a separate on to the equipment provider and Chro?
In my option any real savings is going to cost money. Light bulbs are cheap. Motor drives and more efficient drive systems where the savings add up are not. I need to step out for a few hours but will return tonight.
Keep in mind I am doing my research. I am not a shareholder today right now. I have been very transparent with where I bought and sold. First post said I would be out by .05. What size are the 114 locations. Say it is a gas station what would the average bill be a month $400-$600. Your not going to install 114 locations in 1 or 2 months. I am not bashing the stock does not matter to me just trying to get a better idea of the business model and if it makes sense.
I'm stepping out for a few hours but would be interested in the thoughts of others.
I assume every project is not in the same location as they are. I also assume they will bring in a 3rd party engineer to do the site survey. Industry I work in we figure $1000 a day to put someone onsite for a day. Even if the drive and it is in Texas nobody drives for free irs let's you claim .55 a mile and I have drove 1000's of miles across the great state of Texas.
Another huge concern I have is legal.
Most larger companies will delay any project with legal for months.
If the price is not insanity crazy on Monday I will spend some time trying to put some realistic numbers into this. I realize the profit numbers are high for year one because week 1 we only have $500 coming in weeks 2 would be $1000 week 3 $1500 etc. not going to equal $312000
I am struggling trying to figure out how much revenue they expect to receive from a project and how the money works out.
Let me warn you I worked up these numbers over breakfast on a iPad. I'm sure we have people in this group that have much more experience than I do.
I would be curious as to your thoughts.
Let's say we have a customer that we are paying 5k a month on electricity.
We save them 20 percent. Sounds easy but have not researched it. $1000
We give them the 5 percent savings for 5 years. $250 month.
Cost of equipment and install is $30k I think this number is very reserved..
Cost CHRO for travel engineering etc to look at project. $5000.
So day one after install we have 35k invested.
30k is a 3rd party loan at 10 percent loan (fair)? Money is cheap right now but it still comes at a cost.
5k is Chro money.
We have $750 difference to cover the loan and 5 k Chro spent.
Loan interest a month $250
We clear average of $500 a month on one 5 year project.
Projects per year complete 52? One a week fair.
Year one profit $312,000.
This might cover a lawyer and back office support for the projects year 1.
Year 2-5 look much better but we are currently burn a million a year.
I made 55 percent profit in a very short time frame so not many people in the world will complain.
I will be back to eat crow next week if need ne. Good luck to all that were long and strong. Tip of the day. You can never go broke taking a profit. I will keep my eye on it for a while.
I assume the sellers will raise it to .05 or higher. Not sure a lot of people have dry powder. Better question will be what is the price in 1 2 and 3 weeks. I question the outstanding in the next few months.
Any true longs discuss the reg. A with Alex. I assume the will sell for .03
I would be curious who is covering the upfront cost? It takes time and money to put somebody on site and then you have the component and installation cost. If they are cash poor who handles the upfront cost. Finance company what is the interest cost to Zen. They could sell a 1000 systems and go broke. Do they have a line of credit to cover this?