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I agree that it's not unusual, and I agree that for new notes, there are restrictions. Even as early as march, we were getting a restriction like what you'd see here:
"The Note may be converted by the Lender at any time after 180 days of the date of issuance into shares of Company’s common stock at a conversion price equal to 61% of the lowest trading price during the 15-trading day period prior to the conversion date."
I like that because even though there's a 60% discount, I think going forward that our shares will increase enough in 180 days that this provision will be even better than providing shares 'at cost' right away.
I'd note that the earliest of these was March 9th, and 180 days from this time is essentially... now... That said, they'd only be able to convert this into roughly 3 million shares, so not the end of the world even if they sold them all today (Sept 5 was 180 days after, so it looks like today would be the first day they'd be allowed to sell.) Nice to see an up-day given that O/S may be increasing by a few million.
They were not sold on the open market, that is correct. However.. when you issue 35,000,000 shares to a lender, you can be sure that they're turning around and selling some or all of those on the open market pretty quickly. Potato/potato
Even if they don't sell, the long-term value of our shares is impacted just the same regardless of who is holding the shares. The shares they give lenders there are not restricted but even if they were.... They'd eventually not be.
I agree that there's no conspiracy for Gary to dump a bunch of shares to drive down the price... but I do believe that until we get all the warrants and defaulted notes sorted out, we'll be dealing with this.
Off the top of my head, I'll say I hope we'll have 750M outstanding shares when it's all said and done. That would be great for me, since I've been valuing things based on 1B shares. Anything less would be a bonus.
Good luck all!
Well, in some sense anything that happened in the past is not relevant. Q1, Q2, same boat at this point.
I agree that the past is the past, but I was responding to his statement:
"There have been No TOXIC SHARES Diluted, no proof offered OS Share increase to pay off unfriendly LOANS "
While Q1 is no longer an issue going forward, I think it's good to be accurate about what has happened to get us to this point. There have been toxic shares issued which caused dilution, and OS was increased as a part of the settlement of unfriendly loans. That is a fact, and it's in the Q2 filing.
Again, and I hate to have to say this every time. but I am very excited about the future and I have a ton of money in this thing....Just keeping it real.
Here is the proof. Long and optimistic... but these are just copy/pastes from the most recent filing. Good luck!
---
On May 5, 2020, the Company consolidated three notes with principal amounts of $90,596, $17,500 and $20,000 as well as accrued interest into a new note with a principal amount of $118,644 and a maturity date of May 5, 2021. The note bears interest at 8% per annum and in connection with the consolidation the Company issued the lender 15,000,000 shares of the Company’s common stock with a fair value of $841,500. As the instruments were substantially different, the old notes were considered to be extinguished and the Company recognized a loss on settlement of debt of $826,500.
During the period ended June 30, 2020, $17,092 of principal and $3,507 of interest of the convertible note payable was converted into 36,050,000 shares of the Company’s common stock.
During the period ended June 30, 2020, the Company issued 9,246,186 shares of common stock upon the cashless exercise of 9,280,742 warrants.
On August 18, 2020, the Company settled the $100,000 note described in Note 5(i). Pursuant to the settlement agreement, the Company will issue the lender 5,281,088 shares of common stock and pay the lender $140,000 in four monthly installments of $35,000 commencing August 19, 2020 and ending November 19, 2020.
Not even a penalty, more like... interest. I believe it ended up being 6% per year, $300,000, $25,000 a month.
I don't think it's any issue... and I don't think it has to be paid right away... I think it gets added to/tacked on at the end.
Complete non-issue in the grand scheme of things.
What are you talking about? Negative sentiment?
I am positive about this company.
As for the debt situation? I did think about it 6 months ago. I'm also thinking about it now. I have been 'concerned' about the debt ever since I bought in. Not concerned in the way that I think this isn't a good investment, but concerned in the way that I want to see it taken care of.. Look at my posting history and you'll see me talking about it 6 months ago.
Again, I think it's very encouraging that they took care of $2m worth on the last Q, and hope to see more this time. Where it looks like we disagree is that I don't think a bunch of cash will just "take care of it" as it seems you do. While the payoff in Q2 was positive, it also shows us that we can't just pay off the cash value of the loan. We have to pay far more than what the loan was, and kick in a few shares to boot. Now don't get me wrong, it's better than issuing 50M new shares, but let's be very clear that we don't just have the option to set the terms, pay whatever cash we defaulted on, and we're good to go. It's a negotiation and we'll likely have to issue some new shares in the process. If the majority of shareholders don't see and recognize this, then I predict we're in for more price slides as more shares are issued over the coming months.
For the record, I, like snow, own more than a million shares, and I'd say it's 100% of my net worth (depending on what another holding does that's been delisted). If a long-term very positive outlook is seen as a negative sentiment, then that makes me think the one who sees it that way is a flipper. I don't care as much about the share price in the next 1,2,3 months because I see this as a long-term hold. How long do you plan on holding your shares?
I agree with this and have been talking about the notes for a while.
We settled about 1/10th of the defaulted notes in Q2, and did another $100,000 worth in Q3, though we're not sure what % that would be.
I totally agree that until we get this settled and resolved, it is not in the best interest of long term holders for the price to take off.
Does everyone realize we have roughly $18m in derivative liabilities?? That is huge.. so much more meaningful than $10k revenue here or there on fluid sales.
I agree that a month or two of radio silence could be strategic... If we get Q3 results and see no revenue but all the notes are resolved... I'm buying hand over fist. I plan to have some more funds to invest late this year, so if the price stays low for a bit longer... I'll see it as an opportunity and focus more on that than the red in my account from the recent drop.
Noteholders love cash. They know that if they collected on 400m shares right now and tried to sell them onto the market, we'd go below a penny in a big hurry. Our shares would become like baseball cards from the late 80's..... huge oversupply.
I think that's the big risk to retail buying these shares right now.. If some noteholder just tries to take delivery on 100m shares and sell them off, we all lose regardless of how well the company is doing. I'm comfortable with what I have and believe that long-term it's undervalued, but I'm not investing anything I need in the short term because this is hanging over our heads and could lead to a huge drop that's really outside of Gary's full control.
Good luck all!
I agree with this. Giving the benefit of the doubt, holding my shares, and hoping for the best!
Perhaps it is..
Frankly, I have 0 concern about a reverse split.. Let them do that all day for all I care. My concern is around O/S. When we R/S the shares.. if o/s stays the same and we issue a bunch of new ones, we could get diluted into oblivion.
If this is truly about having a higher price and we don't need any funds, then it doesn't make sense to do a R/S because there's no one the company needs to sell shares to.
Even Uplisting… if we're not selling another share onto the market... who cares what exchange we're on?
My overall point is... I just don't buy that it's 100% about image and uplisting… because behind all that, there must be some intent to issue some new shares at some point.
As I recall from my review, there are billions in bond funds, but those cannot be released until the final approval and opening of the facility. I believe that is imminent.
The current loans were to get us going until these bonds kick in. Once they do, then we'll use the bond money to pay off the loans on the facility, and have plenty left over to operate
My hope is that if all that works according to plan, and if it can be replicated elsewhere, and if we are a partner in the Durango thing and others front the money..... then we won't have to do a R/S.
We shall see!
I have been on that point for a while.. Those shares are there and can be sold. They are only spoken for in the sense that Nicky can trade his debt for shares, but he's restricted from doing so.
Those ~35million shares are only worth about $35,000 at current prices... and actually much less if we tried to dump them on the market.
That said, they could be used in emergency.. or potentially issued to lender as compensation for forbearing a month or two.
It's a positive that it was granted with what seems to be no additional cost. I appreciate that the lender is being reasonable. Once the bond money kicks in after we've opened, it's all paid and no biggie.
I'm not clear what the need to R/S at that point would be. While I don't love it from a shareholder who just lost a ton of $ perspective, if we need that option to keep the lights on and not be foreclosed on... a RS is better than the alternative.
For the grand opening... BYOB is funny. On the one hand, I appreciate that they're being frugal. On another I'd hope some positive publicity comes from this and that they are able to spurge a little and at least provide hot dogs and chips and stuff. I won't be able to make it but really hope to read some reports from those here who are able to attend!
Thank you! Sounds pretty reasonable so I'll go with that until I hear otherwise. I might ask IR at some point, but they can't tell me I'm sure.
If what you say is true, then we'd have profit numbers that lag reality significantly.
That would reiterate to me that it's a good investment long-term, but that we're not necessarily going to get rich overnight.
I hope so.
This thing ran to $0.065 when we announced the UK thing was approved. Here we sit at half that when we are about to actually get things started there.
My guess is that maybe there's a 60 day trial thing or something after installation where we can't officially claim it yet until the return period expires or something.
Anyway.. not in a rush.. Not selling at these prices so whether we hear from them in a week, two weeks, or three weeks... won't affect anything except make me feel good :)
We know things have already happened in the UK... Why do you think they are withholding news? Wouldn't they want to let us know as soon as they've installed something?
Very mysterious.
I think people are looking at CDEL and dilution from the wrong perspective. From the beginning, I have figured my valuations based on a billion share count.
Every filing has made clear that there are 400+ million warrants that can be exercised for basically $0. This is a holdover from the toxic debt last year (exercise price was a discount to the lowest share price, and dilution triggered further discounts.. a vicious cycle.)
I believe every investor should plan for CDEL to be very active because there are tons of warrants out there. It's just a fact of life we may have to deal with for a while. Market makers have the potential to be very active given that ~40% of our float is potentially owned by lenders who may unload any and all of those shares at any time. I think this company is worth more than $40m, so I am comfortable with my investment at this effective share count even if CDEl drops 400m shares on us tomorrow.
I believe if we all start with this perspective, it's much easier to see things in a positive light. Instead of being upset that CDEL is active, we can be pleasantly surprised that PCTL negotiated down one of these toxic notes in Q2, and extinguished $2m in deferred liability for far less than that $2m. I consider that icing on the cake. From the recent filing, we already know there was one of these in Q3. While I don't know how much deferred liability will be removed, it is exciting to know they're actively doing this.
Until it's all extinguished and because of CDEL, this is not a stock to invest in short-term. You might do all the right calculations, but if someone comes in and dumps 10m shares one day, then the stock will drop no matter how 'wrong' that entity is.... Who can blame them? They (whoever is unloading) made a fortune off a bad situation (toxic debt triggered them getting a bunch of shares right before the company turned things around and stock is 20x where it was when those shares were triggered). No holder should be surprised if there are periodic dumps like this. There were 35 million shares unloaded in Q1 this year.
Until there are sustained long term results, this stuff is going to be a drag on the share price. It is good for those who are accumulating and see the long-term gold mine we're sitting on here, it's bad for those who get caught up in day to day price movements.
God Bless, and good luck to all!
When someone thinks I'm right, I'd usually say they hit the nail on the head too! :) :)
We don't know the details of it and that's what's driving the price down. You're right that they did say it a year ago, but still. String us along and then do it on the last day.. Uncertainty about the motives, about the future, about Nick and his financial situation (he could call his loans at any time) etc. etc. etc.
Right now I own 1% of this company. That WAS kind of a neat feeling. After the R/S, it could end up being as low as 0.001% in theory at some point. Not the same.
I don't care whether I own 1 share that's worth a dollar or a hundred shares worth a penny.
That is a complete wash to me.
The issue is, we are near maxed out on A/S. I believe a billion are authorized and as I recall, we are around 963,000,000.
We were doing well because there is no room for dilution.
If we go down to a million shares now, the A/S remains at 1 billion. It's not the R/S that dilutes us, it's the fact that he can issue a ton of new shares to people.
It's disappointing because we're so close to the finish line. one attractive thing here was that funding came from bonds and it didn't seem we'd need a whole lot of dilution to get things going. That no longer seems to be the case.
Additionally, Nick has a ton of warrants/options, some of which have a minimum price. Not sure if there is an automatic adjustment in proportion to the R/S, or if his options remain the same.
Either way, any R/S is bad for shareholders here, no two ways about it. We wait through the delays, red tape, etc. and then this. Unfortunate. Wall Street was right.
I've been using it as a mouthwash for 4 months with no ill effects. Our bodies produce the stuff, as I understand, so in reasonable quantities there is no danger.
$1.00 is very high to me too, but the person in question didn't just run around shouting that number to anyone who will listen. There was no pumping... Tt was usually in response to questions... "What do you think the share price will be"? People are allowed to answer honestly!
$1.00 is extreme, but it is within the realm of possibility.
There have been some crazy run-ups on some crazy penny stocks and we have seen rapid ascents of companies with far less legitimacy than ours. Who knows what could happen?
Funny anecdote: I bet my friend a batch of cookies that it won't hit $0.50 this year. She originally said it was going to hit $1.00 and would have bet that, but I felt so bad I reduced the bet in half. Either I'm a millionaire or I get some fresh cookies. I'm happy either way. Good luck all!
Snow I can read and be informed regardless of whether I agree or disagree with someone. Some of the least helpful people here have been right about the share price, and some of the most informative have been wrong (thus far :) )..
I separate the two, and take anything someone says about share price with more grains of salt than I might take their statements on other topics.
Since the topic came up.... My guess is $0.10-$0.12 at the end of the year. That's just a guess... with some wishful thinking built in. :)
Have a good day sir!
No idea. I am holding and giving him the benefit of the doubt for now.
I wouldn't give too much thought to the institutional investors one way or another. One guy has 43 million and he had to report it because he's an individual. Whale Rock Partners just has a few shares, at least at last reporting I remember they did. Neither of those items should affect your decision-making process in my opinion.
I agree that this is the nature of business.. and I'm sure you'd agree that the nature of business is that a company that 'needs' something (As we have in the past) are not in as good of a bargaining position as one that is well-positioned and has no immediate red flags. I believe we are in the second stage now.
If anything, my post should be seen as bullish since it would suggest that future distributorship agreements could be more favorable than those out there now.
Not that these are bad, just that future ones may be better as there's more demand, we get to be even more selective, etc.
Just for the record... I basically read this board for DE's posts. it's been clear the amount of work and money he's put in. I don't mean to minimize that in the least, and I understand there needs to be a pretty big incentive to take on the risks that he and others have. I hope they all do well!
That's fine not to get involved in speculation, but that's what investing is. I think it's reasonable to try and figure out how we got to revenue numbers (which aren't speculation) but I have no problem if one wishes not to do that. We do know how many Eon units sold and so it's pretty easy to figure a ceiling that we got from each unit since we know our max revenue. So I do think there's something worthwhile in fact-based speculation, but each to his own.
Since you mention seeing me 'for a long time to come'... Just for the record, I've been here since December. Added a mil then, and have added a bunch since.
I planned to be here for a long time regardless of Q2, and my speculation from a week or two ago ( which turned out to be right) was that Q2 wouldn't be 'amazing' and that those who really believe long-term should plan on holding for a while longer. I plan on doing so.
Good luck sir!
I obviously don't have the numbers in front of me as to what is in those agreements. Would love to but it's all speculation, and I recognize that.
I'm not saying something went 'wrong'.. I'm saying we're making progress, but slower than expected.
I didn't have a specific number in mind.. I'm just making the high level observation.
As an example Aon Mist sold, if I recall, over a million units in Q2. Those things retail for $5-6. Let's call that $5 million in revenue to the retailers. Just guessing ( since that's all I can do) that Aon Mist got 20% of that, or $1million in revenue.
If folks here are correct with their guess, and we get $3.00 per gallon, then that's 31,250 gallons x $3.00 = roughly $100,000 in revenue for PCTL for Aon Mist. It's nice, but not life changing, and not going to make us rich. I get the impression that we sell by the gallon, but I wish the royalty agreement was not 'gallon-based'. Distributors are getting into sprays and wipes now, both of which may use just a few fluid ounces. We get very little income 'per unit'. If we had a better bargaining position, I think we probably would have set it up where it's gallon-based on high volume units, but then there'd be a minimum for any 'unit' that's under a gallon so that we make money on the small things too. I don't think we were in a position to add those kinds of provisions 3-6 months ago.. Maybe we are now.
I agree that this stock is a good one to be long in, and I think the future is bright. Have a great day sir!
Good morning sir!
I do mean fluid production.. Absolutely, savvy companies do it, I'm excited we did it, and I'm glad we ramped up to meet need. No problems at all with that at all.
I'm simply saying that we were not in a great bargaining position months ago. Huge, toxic debt. I think we might have been so excited to have $$ coming in that maybe our pricing might was low... especially as pertains to distributor agreements.
That's easy to say and hindsight is 20/20. Not even a complaint really.. I'm Just trying to observe and understand what happened. I'd hope that now that we are in a 'good place' that terms with distributor agreements are a little more balanced... If one of them is making millions in profit (Aon Mist is) I'd like to think that we could break even on the PCTL side of things.
Q2 tells me that this isn't a short-term stock. We are not going to get rich off fluid sales or distributor agreements... at least not in the near term. I'm hoping our UK expansion is great and hope that progress there is at a much steeper trajectory than what we see with Q2 numbers.
I think we have a great future ahead... it's just going to take longer to get there than I'd hoped. Good luck all!
Thanks E. I agree that revenue is good and I agree that the AR increase can be included there. Over $1M is fair to me and that's kind of how I see it too. I agree that it shows big growth and I'm happy to see it.
I don't necessarily agree that the distributors generated all that revenue. Sales direct from South Carolina account for a large portion of it... at least early on in Q2.
I agree that distributors are taking a big risk. Nothing against them at all. Very excited for DE. However, I strongly disagree that our cost is much lower than theirs. To get to this point we had years of work, lawsuits, millions in negative shareholder equity, modifications, units in hospitals with no revenue, 90% dilution, etc. etc. PCTL has been through it... and was really on the brink of going under.
I think we were so excited to get this 'side' business, and in such a precarious spot financially, that we've come in a little low in the agreements. We were just happy to get anything. Again, I don't begrudge the distributors. I also appreciate that maybe we are just trying to break even there, and the real value is in getting our name and product out there. I don't love it, but I can live with it.
The market feels as I do it seems. This should have been an easy up day now that we're current. This is the Q that everyone was talking about, and it underwhelmed. Oh well. I agree that the future looks bright and I'm really looking forward to PRs and developments. Holding on!
Right... and $25k interest is not the end of the world, but I guess the thing is... Our distributors are making money hand over fist.... I'm pretty sure they're not borrowing at 100% rates.
Furthermore, you'd think one of them could have fronted us a few bucks for less...
Again.... the positive is... no shares involved.
The neutral is... Drop in the bucket.
But the 'bad' is... How does a $20M company not have a credit line of more than $50,000 at less than 100%?
I am not talking about the new debt to settle the old, I am all for that. I am specifically talking about the $50,000 we got August 18th(?) that we're paying back with $1,070 over 70 days or whatever it is.
I agree that it's non-dilutive, and that's nice... but it's also well over 100% APR Now, $25k total interest is not a huge sum and sometimes you need to do what you need to do, but I'd like to think that whatever we need, even a small bridge loan, we could do for less than that... or better yet, have a little extra cash on hand.
I had actually predicted this, that Q2 was not going to be the unicorn many thought it would. I think Q3 will be more reflective of recent events. I'm hoping to see positives and cash flows, but keep in mind that this was subsequent events... It happened two weeks ago, so even Q3 might not be up to the expectations of some. It will still be a climb, just slower and steadier than I might have hoped.
Still excited about the future and hoping for some big PRs this week.
Nope, not a turd.
If it was a meal, it would be a plate of rice, chicken, and broccoli. You eat healthy, you're not hungry, but it's not 5 star. :)
Seriously... paying off over $2,000,000 worth of derivative liability that would have to be paid in shares... for just $100,000 is huge. Can't be overstated. Hopefully it's a sign of things to come, and once we get more free cash this Q, they can knock out some of the others.
I'm encouraged to see that some of the most recent debt is not 'toxic' (can be redeemed for 65% of lowest share price in last month or whatever). We are making progress with lenders. Terms aren't yet amazing, but they are getting better. Progress is being made.
Did he really close down social media? That's messed up.
If he doesn't intend to R/S and is only doing this as a worst-case scenario thing, then it would be easy enough to come out and say it.
People have complained for months about not getting updates. Company is working on stuff, I get it.. benefit of the doubt... But with this.. He said a bunch of stuff before, and then went in the opposite direction. I believe that deserves an explanation.
Holding, but disappointed.
Here are a couple of thoughts from the filing:
Positives
As I've said many times, forget revenue.. A few hundred k here and there. What I'm looking for is settlement of these warrants. Two of the items were settled!
On May 11, 2020, the Company entered into a settlement agreement to settle the $60,000 convertible note. The Company agreed to pay $100,000 to settle the principal and accrued interest and penalties relating the convertible note. The Company recorded a gain on settlement of debt of $2,273,770.
This is great! Instead of having to pay roughly 50,000,000 shares out (give or take) we were able to settle this debt for cash! The next day we replaced it with a new note, but one can presume that our plan is not to go back to a tenth of a penny where this would expose us to extreme liability having to pay out millions of shares. Maybe a million or two shares if they exercise instead of tens of millions more. A very good development!
Additionally:
"On August 18, 2020, the Company settled the $100,000 note described in Note 5(i). Pursuant to the settlement agreement, the Company will issue the lender 5,281,088 shares of common stock and pay the lender $140,000 in four monthly installments of $35,000 commencing August 19, 2020 and ending November 19, 2020. "
While we don't know what the company will record here, one could assume that the gain on settlement of debt may be similar to the one above. Again.. very good!
Negatives/Concerns:
#1. Burn rate... I believe Gary had said we were covering our burn rate in Q2. This appears not to be the case, as this filing states:
"management believes that the Company expects to be covering its fixed operating expenses (“burn rate”)by the end of the third quarter"
I mean, that's nice and all, but it seemed we were already there, and we're not.
As recently as 10 days ago, we were strapped for cash:
"On August 21, 2020, the Company sold future receivables with a non-related party for $50,000. The advance is repayable through daily payments of $1,071 totaling $74,950."
Now... we may be expanding and need the money to pay people, etc... but I would have expected us to have cash on hand where we wouldn't need deals like this. The interest rate on this is crazy high. Well over 100%. I would have hoped that we'd have $50,000 extra by now from Operational Cash Flows.
#2 Accounting
The highlighted part below is tough. COVID, I know.. but still, let me vent :) We got bad accountants, and because of that, we have to give away shares at a big discount
"On March 6, 2020, the Company received another tranche on a convertible note originally dated December 6, 2018. The new tranche had a principal amount of $30,000, with an original issue discount of $4,000. The convertible note is due 365 days from issuance, bears interest at 12% per annum and is convertible into common shares of the Company at 65% multiplied by the lowest traded price or lowest closing bid price during the 25 days the Company’s stock is tradable prior to the conversion date. Further, if at any time the stock price is less than $0.30 an additional 20% discount is applied and if at any time the conversion price is less than $0.01 and additional 10% is applied. Further, an additional 15% is applied if the Company fails to comply with its reporting requirements. During the period, all these additional discounts were triggered.
Ugggh.. I just hate that the late filings had a $ cost as well as the "emotional" toll :)
________________________________
Overall, I think it's an ok filing. I give us a B-. Glad to see some warrants go away. That's huge, the saving grace of this filing really. Otherwise, it would have been a 'D' for me. I look forward to seeing more warrant extinguishment on the Q3, which would include the note we know was paid off in August.
I am disappointed that we aren't making more money. Aside from non-cash stuff, we lost $200,000 on operations. Fluid sales were ok, revenue from licenses and distributors was frankly... poor.
It looks like we got so excited that people wanted to buy our stuff... that we didn't really stop to think of a plan to make money on these agreements. I know there's some delay here and hoping that's it, but I really think distributors got the much better end of the bargain... We know how Aon Mist was doing in Q2. They were killing it and making a ton. Seems like that didn't benefit us at all. Kind of frustrating. I'm hoping that there's a delay and we start to see some money from this stuff in Q3, but even if we do, it seems like it will be on a much smaller scale than some, myself included, would have hoped.
As far as share price... I don't think this filing itself takes us above $0.05. I was hoping for a little more.. maybe $0.06-$0.07. Again, it's fine and we're making progress... but we're just not going to be anywhere near what some projections were based on these results.
Now, that being said..... If they come out with news in the next couple of days about the UK or whatever, then that makes this filing seem great! We got through a rough patch, we're essentially break even, and so if we install at 20 hospitals this Q or add 10 Level 3 distributors and start to see big $ coming in, then that makes a break-even quarter look amazing because a big development tells me we're in for big profit. . If we don't hear any more news, I think we hover between $0.04-$0.05 for a week and then start to drop back to mid 3's.
Good luck all!
That's fair... I don't have the discipline for that and probably miss a lot of good deals in the process. The big spike that I'm always worried about never seems to come to pass right after I buy like I worry it will....
but this time I think it might come :) :)
Anyway, I hope you get your $0.038s, and I know you're set up pretty good either way.
Have a good one!
Yes.
I'm not as excited about the Q2 as some others though. Hoping for the best, and we should see a bump even if revenue falls below where I'm expecting/guessing.
However, I think we really take off when:
1. Debt/warrants are paid ( if the warrants go away, we double)
2. UK Updates. We've heard very little on this, when 9 months ago it was 80% of what people talked about.
I think the two items above have potential more than double us with reasonably good news. It doesn't even need to be amazing on the UK thing, just good. However, I don't know that either of those things will be in the Q. We shall see.
My question on that is... If you really think it's going to pop like that... Wouldn't you be buying at .038, .039, .040, etc... If I had spare cash I'd be getting it in quick before the Q2 drops and a tenth of a cent here or there wouldn't matter a ton.. I know you've got about 4x the number of shares I do though, so maybe you get to be a little more discerning.
Hope you're able to pick some more up before news hits!
I think we go up a penny on the announcement of new auditors.
Hopefully that comes this week concurrent with the Q2.
Should be a fun week....
…. Should be....
Maybe you're right.. I hope so.
However, it's still frustrating. Delay after delay ( can't be avoided) but instead of good communication to shareholders, we get this. It feels like a slap in the face for people who stood up for Nick, even when he got caught up in that whole mask/fraud thing.
I still have high hopes and have no other choice but to trust that what's been done is 'correct', but I think we'll get a pretty good sense Monday about how shareholders feel about this, and I don't think it will be pretty.
So messed up. That's too bad. So close to the finish line too. Really could have made something out of this.
Glad I didn't put my life savings in or anything, but I have a lot of shares. Well..... used to, anyway.
Not cool.
Yep.. Pretty exciting that we'll get a court date within a couple of weeks.(hopefully).
I try not to get too ahead of myself, but all news has been good news as relates to progression in the case, expert witnesses, investment interest from attorneys, etc.
The biggest risk is that defendants want to see this through to the end, and that seems like a pretty low possibility at this point.
Thank you for posting this Chinsu. All the more reason that people could do a personal loan with different payment terms based on the outcome.
I'll take your word for it, although I'll note that selling stock in one's own venture and pocketing the money is different from two private people, perhaps even family members, trading with one another. Maybe it's still a problem ao again, I'll take your word for it :) I wouldn't sell anyway so nothing I'd look into too closely.
Have a great weekend all!
Indeed! to be clear, glad you posted it and I think it's good to connect people who want to buy and sell.. Free markets and all. I would have posted the same thing if I knew of an opportunity. People can make their own decisions and if someone wants to sell at $0.03, I'm sure there's a good reason!
I'll just throw out there that as an alternative to selling, it's pretty easy to set up a contract for a person to person loan. All legal, binding, enforceable, etc.
Someone could lend someone $10,000 with the agreement that they pay $20,000 back upon a settlement of at least $0.03 per share value, or just pay back the $10,000 in two years at 1% interest if there is no settlement..... or whatever.
It may be a lot easier to draw something like that up than trying to figure out how to sell shares.