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Morning all, hoping for a good week ahead. Should be some good PR's coming out of ASIS. I'm expecting an increase back to the 100 day MA (around $.11) by the end of the week.
I'm assuming he's busy with the conference. No reason for him to suddenly change style.
Personally I'm hoping the big news might be the ability to bid on defense contracts. I'm open to any/all great big news though!
Agreed. This was nothing but a pump & dump. Company knew from the get-go they can't be SEC compliant. Glad I've only been watching this one.
Bottom is definitely in. I think we'll see a quick return to the 100 day EMA (about $.11). After that it's anyone's guess in the short term.
The clarification from "hire" to "advisor" in an identical operational capacity makes me think there's probably some sort of non-compete McCourt had that legally had to be satisfied with him not being an employee.
IR did disclose that information to myself & multiple others on here (all independently reporting the same info). Do your own DD & e-mail or call them yourself.
So your argument is IR is intentionally misleading shareholders about the outstanding shares, in easily produced e-mails?
IR reports "around 105mm" outstanding shares currently. 97mm shares at time of 8k.
Seems like simple math to figure there have been around 8mm additional shares issued since the 8k.
IR response received today; I'd asked about share structure, convertible notes, and the TA gag.
"I do not know the exact share count but I believe we are around 105mm.
All information about notes can be found in the most recent 8k.
The company has advised me that they will release the gag as soon as their attorney allows them to."
My takeaway: not much specific content there but if you take them at face value it looks like we might get the TA ungagged soon, which is good.
Note information in the 8k is vague so that was pretty much useless information.
As of the 8k there were 97,087,887 outstanding shares. In the past month only about 8 Million additional shares were issued. Looks like a lot of the PPS hit was in fact retail/flipper selling & not a ton of divestment as has been claimed (to make that pps hit on divestment alone another what, 70 Million shares would have had to be issued?).
Interested in all your thoughts.
I e-mailed IR the other day asking about the SS & have yet to get any response. A bit of a disappointment actually, especially considering how well SR responds to tweets on twitter.
I'm thinking (as the PR states) he was "hired". That implies he's a paid staff member, most likely with a title (also mentioned in the PR) of strategic advisor. Also worth noting are terms like "spearheading", meaning he'll have an active role in specific company activities (instead of just be advising them).
Either way his presence bodes well for RAD.
The 8k points out that SR & GP are maintaining their current positions until the next board meeting. At that time since SR owns controlling interest I'd be surprised if he isn't officially listed as CEO/President at that time. In the meantime for all intents & purposes he appears to be acting as CEO/President of the entire company regardless of GP's title.
"In my opinion": Excellent statement.
In my opinion, this is a value based product & the company has stated it is taking action to address dilution concerns.
In your opinion, the company is actively trying to screw shareholders by diluting to obsolescence.
As I originally stated, until the TA is ungagged neither of us know which is true. You're going off your own presumptions based on generic OTC trends/history (which is very valid, since something like 98% of OTC companies fail in the long run). I'm going off my own presumptions based on SR's prior statements & tendency to follow through with what he's promised, as well as their excellent (IMO) product & great placement in an emerging field.
If you're right, I'm out $. That's a known risk in any market. If I'm right, I'm up huge in the long run. I've got about 3% of my portfolio with $OMVS, which is the max I intend on purchasing. Losing it all doesn't hurt me. If it did I wouldn't be investing in the OTC.
I think you may have missed the point of being long.
This will be pure uninformed speculation, but when do you think SR will release the "best day ever" news? I'm hoping in about 2 weeks.
With a gagged TA neither of the below statements can be proven:
1. The Dilution is over.
2. The Dilution isn't over.
It's all speculation at this point, which is why I don't advise flippers to buy OMVS. Longs, on the other hand, are buying a value-product in its starting stage.
If we continue Thurs/Friday's volume I'm thinking we end just over 8 cents today.
L2's looking really thin on light volume. A couple bigger buys could cause a bounce.
Agreed. Slight bounce today off bottom, close mid 6's.
All startups have liabilities with no revenue at first.
RAD has 62 commitments which their production schedule (from the PR this morning) should be able to fill within the next 6 months. As a reminder these are 3 year commitments.
$36k per bot per year x 62 bots = $2.2 Mil/year for the first 3 years guaranteed without a single additional sale.
As long as they can keep production on schedule I'm not overly concerned about their current quarterly liabilities.
SR has shown us he's going to continue to sell at larger than anticipated numbers. The savings employers can reap by hiring bots over humans should lead to continued strong demand.
This is a nice spot for longs as long as you can ignore the current noise.
I wasn't really addressing the dilution at all, just commenting on why these bots will sell (sorry, be rented out) in the current security market.
Any employer who can replace 2 full-time plus benefits employees for only $36k per year is going to jump all over this.
15.6 million shares purchased today don't read as a lack of buying pressure to me.
$36k per year to patrol nearly round the clock, no breaks, no benefits, and a digital record of everything they've seen. Replaces easily 2 employees.
Agreed, I added more at .062 today. Have a bid in at .052 in case it drops that low but I'm not expecting it to. I agree this bounces to .10 next week.
Agreed, if they hit half of their projections this should hit $2-4 pps within the year. The company has always been solid long-term, my shares are staying locked down for at least a year.
NICE. Here's hoping that's for real & not just for show!
I've missed the US Government bot, but have been hoping they would strongly pursue military/homeland security/border security contracts. Can you give a link to a picture of that bot?
This is heartening news, although I disagree that our pps will be in the tens of dollars in 4 months (2018). I'd LIKE to think it will be, but...
Ignoring a 55% pps drop is far worse IMO than a "fluff" PR.
Delaying a PR for half a month after your company's pps has taken a 55% dive is stupid & irresponsible.
I'm still long on OMVS because I like the company & think they will do great things, but this does not give me confidence in the short term.
Believe me, I HOPE so!
I'm beginning to strongly doubt any OTC company given my track record this year. Still, I'll give this until the end of the year to do something.
Perhaps you should re-read the 8k.
On August 28, 2017, (the “Closing Date”) On the Move Systems Corp. (“OMVS” or the “Registrant”) completed the acquisition of Robotic Assistance Devices, Inc. (“RAD”), a corporation formed pursuant to the laws of the State of Nevada, whereby it acquired all the ownership and equity interest in RAD (“RAD Equity”), which RAD Equity is held by RAD’s sole director, shareholder and CEO, Steve Reinharz (“SR”) (the “Acquisition”).
Yeah Parsons is just the CEO so no need to worry about him having a say on how things are run.
Parsons doesn't have majority power here.
Are there no mods on here anymore to update/sticky news when it comes out?
If you think $OMVS / RAD can use Verizon's and NVidia's names in their promos just because they happen to use their software, you have a LOT to learn about intellectual property.
Solid news (signed contract or new partnership) makes $OMVS JUMP. Otherwise we'll look at an uptrend over the next week or so to about the .17-.20 pps range again.
I doubt there are many shorts at this time, they should have all covered in the last day or two. Bodes well for the price going forward.
$OMVS Long
That's stupid. They have nothing branded as UBQU. Ah well. I no longer hold here, just check in from time to time because I still think there's potential we're just farther from it taking off than I wanted to wait. :)