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Good afternoon,
Well, the end of year financial really isn't anything out of the ordinary. Rev is way under and the share structure we already knew about other than that it mirrors pretty much the previous year doc. So now we wait on the tweets of ending conv for 4 months and the buyback and other announcements that were tweeted out recently.
Certainly, it's not a very promising event. I'm not impressed.
The only real promising event is what the company has in mind on why they are holding the converts for the summer months. This must seem that these tweet announcements hopefully precludes some activity they have in store. Or! They recognize that the summer always brings on the 'Summer Doldrums' thus very low volume and they can't move the shares through.
Currently our only savings grace is some of their entities are summer agendas, that may spell some movement. Other than that, I don't see much action on how this share price is going to move.
Have a good day
varok
Well said Stervc. I have known you since our days back on RB when we both ran our respective classrooms in teaching members on the art of trading in the penny arcade. You still maintain the honesty and decency that is much needed on these Forums even today.
Your friend.
Have a good day
varok
Good morning,
Things are starting to look really interesting for this company.
The X announcement on holding back on the convert for 4 months is promising on 2 fronts and appears this is the start of a approach by the company that selling or converts. at .0001 or on the 6th and 7th digit is not in the best interest of the holder or the interest of preferred mainly the preferred C.
The second reason may be that the company is starting a new campaign on releasing some promising events in the upcoming month going into the summer with some of their entities that are clearly summer events into fall.
Volume has really been lackluster to say the least and one reason why I believe the company is holding off on any new sells for a few months. They want to raise the share price to a more equitable for favorable resumption on renewed selling around or going into fall. This is on the surface a promising development for ROI.
Back to the preferred C. The attempt to draw on this is interesting on a couple of reason. Usually when a company has a such out balance of a preferred like the C is insurance to prevent 'Green-Mailing'. See the conversion is 1: 100,000,000 common and the amount on the C is only 1,000,000. This is simply an insurance protection instrument where the company can offset any backdoor maneuvering by outside entities in acquiring control of a company. This happens when a company trades at .0001 give or take with assets that deem to be attractive, but with trades at .0001 appears on the surface (.0001) as unvalued, but in total could present a problem with management. See the company only has 22B A/S, but upon conversion of the C is total 1T. Of course, the company could never unload the full amount since only 22B are authorized. So the company only unloads portion and in this case is moving 10,000 C for 10B common and max out the A/S. Of course, the X announcement mentions a hold. This is my sidebar opinion.
Also mentioned rightfully by a poster with mentioning the 9.99% guideline and where I opine that the company needs to increase the volume, and this only can happen when we get a catalyst thus momentum.
We are going higher, but where is still iffy. There have been on average a 1B monthly dilutive factor rolled in so the gauge is difficult to call at this time, but I am reasonably sure that we will hit a target of .0005.
The buyback is one of the catalyst drivers will greatly enhance the momentum. Remember, every share that moves in retail is a buy. There is no inventory held by MM or other entities, but solely the dilutive shares have been picked up by retail traders and that makes for a major spike in volume once we get our catalyst.
The churning to .0005 will be awesome and why I place in the near term, mid-summer, a target of .0005. We will look at the far out target above .001 which must be dependent on the buyback and other important announcements going into fall.
One other point about shorty. Naked shorts in this company is a burden and is always a prevailing current on the destruction of the share price. Only really one solution, is a MOASS. This has to come from the company.
Now we wait.
Have a good day.
varok
Yeah, the news on the preferred C is a nice start. This has been a thorn when I first came across it. Converting 1:1m common is a 10B conversion when it is all said and done. Reason for the high A/S of 22B. Now since Sept 23 the company converted almost 6B at 1B per month to March 24. That is a heavy burden to say the least, so any hold is welcomed. Now we need to see some sold numbers from the upcoming financial due around the latter week of April or sooner since the Late Filing Announcement 3/28.
Have a good day
varok
Well, this is one post that I agree with. I have been trading in the penny arcade for almost 40 years and churn over 7 digits yearly and play for purely profit and move those into investment grade securities. This is the only way to play in this venue.
My first trade was when I lived in Canada at 12 years old and never wavered from this desire to completely become totally independent in trading pennies. It is in this venue where the big bucks are made.
After leaving the corporate world moved to the country sold my vehicle opened an account at NDB now TD Amer. with 500$ and started with trading pennies into a well over 7-digit portfolio. All with the prolific trading in the arcade. This was in 1990.
It can be done, but with absolute discipline and a goal. I became a ihub member in 2000 as the 70th member in the ihub community and have realized that ihub is the go-to for information in the execution of positive trading venue for the penny arcade. No equal or substitute. I started teaching trading pennies on RB prior to moving to Ihub and here today.
Never assume anything but your better judgement.
Have a good day
varok
Good morning,
What would really be awesome if the company would announce the dilution mentioned in the tweet/X before the close this afternoon. Can you imagine the buzz this would create over the weekend and certainly would bode well for Monday's open.
This is the catalyst that would repel this right out of the gate and put us inline for .0003-.0005 share price range.
What they may say on this matter is dependent on 2 main issues that could give us the momentum. First the dilution has ended and the second is announcement on a pending buyback. Then it is in full mode for us.
See you all on the trading floor Monday.
Have a good day.
varok
I agree when I posted was right at the open, but yes, large quantities were made. It is all good.
Well, let's start with .0005.
This is a very important pivot point or resistance. The road to .0005 is going to result in an enormous amount of churning which is an absolute must.
I believe the company is going to give us a catalyst to .0005 and we will remove probably about 50-60% of the bottom feeders.
From there is anyone's guess. I won't belabor the point from there, since I do believe the O/S is a burden, but I have been in issues that have become runners for whatever reason, and that is the phenomenon reality in the penny arcade.
I do have one problem with their news distribution method. I don't have an issue with the OTC distribution, but this is very limited. Why they won't use newswire or the other means for a wider distribution is or must be cost. But nevertheless, it is very limited, and we would do much better for a wider audience like Newswire.
It is all in on the momentum.
Have a good day.
varok
Go get them.lol
Oh, I'm one of those that is buying .0001. This is the last chance.
Full disclosure. I'm a whale in this issue.
Have a good day.
varok
Look at these huge .0001 buys. 50m 3 times. Incredible!
Good morning,
It's been a while good to see you here.
Yes, this was expected. Having a no bid for months allowed some that bought and held were glad to see least a bid so they could take some off the table, even if it was a wash.
Things should get interesting and let's hope the fence sitters who are hoping to get in at .0001 will realize they may only get .0002 and when this start rolling our churning up to .0005 will be awesome and high volume. At that point reaching a major milestone will be resistance at .0005 and should give us a breather, before the company gives us a catalyst for the next leg into .001. It will be up to the company from here on in.
Have a good day.
varok
Nice close on decent volume buy.
See you all on the trading floor tomorrow.
Have a good day
varok
Yeah, I know this, but I don't see them on my trading platform and I have TDA for over 20 years. I do however get every other pinky PR. I do know that it may be a different venue.
Oh well, that is why it's good we have folks like yourself to pass it around. I don't check X or the OTC unless I need info.
Notice the 5 digit (.00015) that just went off on level II. Good sign that is just under .0002
Stand corrected, however the official on notes still must come from SEC. But at least they have this reason which is valid. "provided shareholders and prospective shareholders had been told which accounts to look at - which $PSRU has done.". I was wandering why they don't use PR. I know some companies have announcement ending of notes, but always followed with an official doc.
Actually, tweets can only be subjective correspondence. Any terms on actual business have to be disseminated through official press release or SEC form like 8-K. When taking action on buyback or dilution has ended or convert. note. Reason for this is simply deemed more through the public venue than tweets.
Yeah, lol. I understand, but as more and more .0002 go off, we can acknowledge that .0001 are history. We will know by the end of the week. Much depends on retail coming to terms with .0002. Remember when AJ gave the board a tweet on the dilution and expect some announcement in 5 days. This will be a huge catalyst if the right content is delivered.
Yep, and feel that they have lost their chance at .0001. More .0002 go, it will confirm this, but feel the end for buying .0001 is behind us.
Probably a majority are buys. Folks wanting in at .0001 who sat on the sidelines and one reason why I'm glad that 2,s on the ask. My thinking is good luck in getting anymore at .0001.
Your 3 posts are spot on. Understanding this venue is an art and science.
I wrote this article back in 2000 on the trading in the penny arcade. I've been trading these pennies for 40 years and the game hasn't changed but has become more sophisticated, but the challenges remain the same.
The 3 P's of Investing and the Strategy that can maximize your ROI.
* Principle
* Profit
* Potential
Investing and trading in the pennies is based on one's ability to fully understand what he/she has and when to sell.
Penny companies and the arena they trade in are the most unpredictable and have left investors/traders with losses that with a smart strategy, could have been avoided.
Emotion, Anxiety and Greed, three of the prevailing sentiments that always seem to be the guiding force on investors as when to buy and sell, only to acknowledge it is discipline that will pave your road to a successful ROI.
I'm only discussing the unpredictable and unregulated market, known as the pinksheets...Here the Market Makers and not the investor have the total control and you as the investor must learn to either stay one step ahead or fall victim as most usually do.
When you trade in this market you first must at the earliest opportunity to remove your Principle. The best way to assess this part is divide your total share account into 3 parts. first 33% is your Principle, the second 33% is your Profit and the remaining is your Potential.
We have all experienced nice runs only to find your issue floundering at the bottom never to return. Is this first run that one should remove the Principle investment should always be applied and under No circumstances should you deviate from this. If you feel that the issue warrants a second run, it is your Profit that will be your next exit. Remember, if you removed your Principle investment you will have taken a huge risk out of the market and your Emotions will become less of a factor.
Potential...The last of the 3 P's is the most difficult and should only be left as an investment if the company has a business model that can generate revenue, but most importantly, can ROI based on the forward fundamentals of the company be realized. The assessment that you must take into account is the share structure verses Market Cap. is this one and very much overlooked part that will determine the true value and fair value with respect to share price and where it will eventually go.
In the penny arcade, most participants/investors are way over their heads and have a skewed impression what really comprises what is an investment and what is a crap shoot. From what I have seen in this cesspool of penny garbage, it's all in the timing and being able to stay one step ahead of the market makers and the loansharks...There is no such term as long-term, investment grade, great buy and all the other misnomers that many like to refer to these pennies. For what it's worth, they are all junk and the only money makers are your day traders and the loansharks that feed offshore on what gullible buyers throw their way and the market makers who execute these buys and sells.
When one comes to the pennyarcade, he/she comes with the idea to make money, but only to be let down. The understanding of how pennies work is in itself an art and science and not the fact that a stock is priced at .0002, .001 or .10 or whatever, and it should go up because it's so cheap...Most investors if you can call them that in pennies, get the 3rd degree and they lack the sensible approach of admittance that they made a mistake and can't accept their loss.
Since the great tech and birth of the computer, the potential of online trading took off and everybody with a computer thought that the penny arcade was going to make them wealthy. This has become so far from the truth and 15 years later many have lost thousands and still can't figure it out...
It's simple,98% of all pennies are losers and just plain junk. Many or most penny companies will have movement beyond a certain entry, but all will without a doubt fall like a rock and flounder at the bottom for years with ever moving north again. If you hear nonsense like "wait until next year", or "put it in your sock drawer" and there are dozens of brilliant ideas only to have you looking back on why did I pay attention to all those clowns on the message boards.
It doesn't matter on how much DD or other research you do on a particular penny stock, because these companies don't have a future. It is the art and science of understanding the way market makers play and until you get a grasp at their non-rules and cheating ways, you will lose.
The idea of holding any company is and should be based on free shares after the Principle has been recouped. This part is the Potential of the 3 P's. Does the company have a future?
First, when a company promotes itself on penny exchange, it is for funding their R/D and this is especially true with BIO and Tech companies. Once a company can establish that even their product/idea has legs, it isn't the shareholders that gain, but the owners and the largest preferred shareholders. We as shareholders gain in the cycle of share price movements over a period of time, which allows us to sell on news and reap a decent reward, not hold out in hopes...It is pure nonsense and just doesn't make for an explanation that hold long-term on any penny stock, without exceptions can ever be achieved.
To explain this further. When a company goes public, it is mostly for funding their R&D programs through stock sales by market makers and picked up by us, blah blah, you get the point. Once a company has perfected their technology or product, it will usually in most cases shop around for a buyer for their tech/product or merge as a division into a larger company or outright hostile type takeover, again this is very true within the Bio companies. Companies with large O/S and huge amount in authorized shares generally don't have a problem with hostile takeover practices.
Through this whole ordeal, the company continues to sell shares until it has ballooned their O/S and depleted their authorized shares so much, they are forced to do the most drastic of all moves, a R/S. All this time they continue saying and moving ahead and convincing us their R/D is on target. But then, they announce a R/S, because they feel to stay in operation is a must and probably so, since they haven't found a partner and they are short of funds and we are, or some of us reluctantly go along. Posters always use the argument that if the company doesn't split it will go out of business and we will not have anything and should be loyal and stick it out. Loyal!! That's a new one. Now this is just plain incorrect, and management knows this and will be able to keep going with or without a R/S.. Remember the offshore loansharks? Most companies go for these same culprits and is at this moment diluting the pool as we speak with most pennies. When management and I must say are in general a bunch of sharks that have a printing press for their own benefit and will do everything to keep the printing of new securities going just to fatten their own greed. Management is up against the wall when they parley their shares and this is always a last attempt and absolutely a death sentence, like the R/S. Incidentally, a R/S approved by shareholders is a formality and will always get approval regardless how we as shareholders vote. This part is always stacked against us. Of course, in certain cases we may be able to thwart a R/S, but that is rare.
In case of any BIO company, they usually disappear into a much larger concern. .Healthcare companies that trade on the penny exchange rarely ever become standalone concerns. The R/D and marketing requirements is far to great for any startup to absorb and is too costly, so they are usually and that is if the product is all that is meant to be, will be acquired. In general, if a Tech company has a promising product, they too will be looking for a buyer, because the tech field is changing so fast that the smaller concerns lack the funding just to stay in the game and will never be able to compete with a much larger firm that have the cash and know how.
Bio companies who have products that can even meet FDA approval will probably be sold or a major PHarma company will become a partner as in a collaboration partner and they absorb or become merger. Now to get to this stage will be with countless rewards towards shareholders equity, but eventually it will become an entity of whomever becomes a partner. This is in most cases the way of a startup Bio company with excellent potential.
You as a shareholder will get the most out of a Bio company on the penny exchange than any other company. The rewards are so great in Bio as well as the tedious long wait and this may require patience that will take years to develop, but eventually if the company has the fountain of youth medicine can make you a wealthy investor, in return on your principle. Also keep in mind, that the risk is also the greatest threat to a dismal demise of your investment dollar. The latter is more accurate than the success rate.
A Bio company that can hopefully get the FDA seal will give the company the real interest and the potential share price explosion within hours of such a PR, but that will only come with the approval. The timeline for a nay or yah on acceptance is rather short on devices than the lengthy clinical trials required for drugs and a device, which not actually being a drug could come sooner than think. So, 6-8 years for even a drug going to trials can certainly be overshadowed with impatience and will keep a stock price from ever achieving the result in the near-term or even pan out altogether. The movement on the stock price with these companies comes with the interval press releases which allow you some trading with potential profit.
So, in Short. Trade penny stocks do not use these issues as investment grade. If you have one and believe me, they are rare, remove your first two P'3 of Investing and Strategy and fully understand the true Potential of the company that you wish to hold long.
Have a good day.
varok
You are correct in that. However, we are very close where .0001 will resemble normal trading pattern as the algorithm has in the last many months anticipated the huge dilutive aspect, which has now been debated, hence the showing of the bid.Â
Before it was difficult to obtain a .0001 bid when almost 1B coming out in a 30-day span and if the bid were there and the ask at.0002 the algorithm would have been skewed and unrecognizable and many bids going off as buys and the entity unloading at the bid would create an abnormality in chart readings and data.
But now it appears we are moving into a more rational trading pattern with proper guidance within the algorithm.
Have a good day.
varok
About the R/S as a whole.
Once a R/S is announced by a company is the time to get out. Before the split is announced and, in most cases, it is advisable on rumor to do this.
Once the R/S is announced is really not advisable since the announcement causes a major selloff. However, the date it resumes trading on or after the split, you MUST get out. This is simply due to the fact that there will be a major selloff in the post-split.
Never buy into the post-split but wait until 45 days after the split to calm things down and obtain the post-split with a more attractive price. Because it will drop to unbelievable levels. So don't hold. This is especially true for KEGS. With respect to KEGS this issue can't go any lower so you are stuck and should've bailed long ago.
Have a good day
varok
Good morning,
The next couple of days into the weekend is going to be a very exciting week.
We are on a whole new projectory for this company. The bid is the catalyst that will bring on more traders. Long overdue.
Have a good day.
varok
Yes, but today something is in the works and the issue has now become relevant and reason why I'm bullish.
As a previous post from AJ in 5 days expect a major announcement and the volume dictates that certainly has some merit. And now a bid, spells a certain degree of optimism.
Have a good day
varok
Nobody said anything of the sort. You're too young to understand this venue.
.0002 up
I now see a bid showing up either today, was very brief, or tomorrow. This issue is starting in a normal trading pattern. Very positive. I'm giving this a bullish sentiment.
Have a good day.
varok
Volume taking off, something is up. Here we are .0002 bid
Good morning,
I own this issue and have a few million, so I am going to chime into this issue which I generally don't do for such a blotted and non-bid company.
I'm going to be upfront with this board and the cheerleaders who continue to bloviate beyond rational thinking.
First let me say that PSRU is an interesting company with some very interesting titles in their library and various cable and television entities. They have many irons in the fire and appear to have a global reach with their business model and yes, Mr. X had an issue in the past. That doesn't matter in the current environment since that negative has been resolved and I can say this with certainty that if it was a serious infraction he would never have been tied to anything that resembles a public company. Enough of the on-slot attacks on the CEO and just let it rest.
Now let's get into the inner workings of the company.
The debt really isn't that much of a real concern, but to say there is no debt is incorrect. First, they have long-term liabilities totaling $1294.00 of which half is a convert due in July 2024. These carry an interest of 8%.
Assets are mainly titles and such which amounts to $17m. However, these are not fixed assets, which the company has no fixed assets ( real value like real-estate or tangibles) and true value is really based on arbitrary or what the bean counters assess.
Their rev is around $1m annually, but they have a burn rate monthly that comes doubles twice the Rev. on a yearly. One such cost is the NFT Fungy cost $613K. This cost is tied to a convert with $500K with Net Savings Link Inc. which is due in July 2024. Now how this is covered remains to be seen, but you can assure that it will be shares.
Their monthly burn rate is $175K, but their accounting does realize write offs and other accounting practices. In other words, the company is by no means a solvent enterprise.
The share structure and ROI for shareholders.
This is the area where we have a major problem with respect to shareholders' ROI.
The O/S is 12B give or take on A/S of 22B. The reason why the A/S is 22B is the protection of the Preferred A,B,C mainly. I will leave the conversion of said preferred to your discretion. It is quite a rate.
Now with what the company states that No R/S is in the cards. I feel this may be the statement currently that they do not want to implement one, but that has in the past been a statement by many companies that do exactly that, but we will see.
They have announced a buyback. I find this to be somewhat overstated since the revenue doesn't come close to a buyback or anywhere close in the foreseeable future. I see a R/S probably sometime in the late fall.
In if this does come to fruition the split will be in the neighborhood of 25,000:1 or higher. The O/S is just way too high, and one cannot justify that a company can continue on this projectory and expect ROI.
Share price:
In the pinky arcade even the most unbelievable can happen, but the projections on this thread by a few are almost an insult to one's intelligence.
The O/S is 11,727B at SP of .0001 = MC $1,176m. Now this is in line with REV. meaning fair value.
The penny arcade does not recognize or even lays out certain financial accounting measures when they analysis the financials of a company. The accounting is straight up actuals and not P/E or ascribing practices.
What some on this thread saying or even suggesting that this issue is marked for copper or .01 to .05 per share is ludicrous. If this issue is priced at .01 would give it a MC of $107m. This is not even remotely possible.
Under the current structure the most one can expect the share price to move to is .0005. This will be achievable through two events. One being a major buyback and the other is the announcement of the ending of the current note.
Since Sept 2023 to current, the company has increased the O/S by 1B shares added monthly. Now as I am writing this article the company appears that a bid may be forthcoming this week. I noticed that the ask is sitting at 73M, and this has been the lowest figure yet. So maybe we will see a bid. But I am sure the churning for profit is going to between .0002 to .0005 and a lot of volume. Remember all these shares that were being sold went into retail hands and they are sitting at .0001 with billions of shares. Most of these will churn out long before we get to .001 let alone to copper.
Let's keep it real and stop the hyperventilating or bloviating since this issue is a trading not an investment grade company, not be any stretch. Could this change, yes, but not under these extremely huge share structure that is beyond rational reasoning.
Have a good day.
varok
That is very true and correct. I stand with you on that. However, one of the very concerning factors that plague this company is the ongoing credit line with unrestricted shares that compliment any news like today. The dilution is staying within the overall volume and seems to squash any momentum.
I also noticed that my previous post on no dilution was on my part, based on the reporting to and from the DTC to the transfer agent was not normal from 2/12 symbol change to 2/19 was no change and then on .03/4 the reflected change was 147m increase. This is a problem!
Now, for the folks that say this company is a scam is totally false and that sort of rhetoric language is absolutely not founded in any sort but quite the contrary. The company, being a tech company, requires much needed capital that otherwise cannot be secured through traditional bank loan like bridge and other means.
So, the company has their own piggy bank, and it happens to a be method that allows the company an unlimited draw as needed to execute their business plan, but with unrestricted moniker attached to it is actually not a benefit to current shareholders. The only remedy is the company needs to generate enough rev to operate on its own merit. So now we have the burdening of a very toxic dilutive factor, which is unrestricted shares. It least convert notes are restricted on a certain timeline for 6 months or more, but not with TKMO.
Have a good day
varok
Well, the definition really isn't important as is the actual. Look at the timeline between Sept 2023 and the end of Dec. 2023. They added another give or take 300m on the credit line. This is mainly a revolving credit line between the company and Trillian. It is ongoing and the issued shares are unrestricted. Means simply they can be sold at the beholders quest.
So, when they say that 400 were balanced out which is true but does compliment the additional on the revolving credit line as noted, making this actually a moot point.
Good Morning
The release of the end of year financial appears on the surface as positive and the announcement of the settlement of $400k is extremely positive. However! The settlement just brings on another new or additional note and it just takes out an old or part of an old note into a new and current note. Trillian is the one to watch on this as Trillian is a financial lending arm to TKMO. In other words, 'it's all in the family'. Not a very positive, but a necessary evil. This is toxic and the company within the said industry (tech), requires extensive capital.
The company has now : Under the terms of the 3(a)(10) Settlement, $1,868,114 of these Convertible Notes may convert into unrestricted shares of common stock at a price equal of the lowest trading price during the thirty (30) trading day period prior to any conversion, subject to a 9.99% limitation on beneficial ownership of Trillium at the time of such conversion."
The above amounts to additional share converted around 2b for 2024 going forward.
Take your profits on this run.
Also new contracts will be coming shortly, but with a cost (dilution).
Have a good day
varok
Good Saturday afternoon,
Allow me to explain my reasoning on the dilution aspect with respect to our company here.
I've been checking the OTC daily on the disposition on the O/S whether an increase or not. Since 2/12 on the day of the official name change the share structure has stayed the same at 575,902,317 up until 2/19 the OTC hasn't given us an update since then. With many companies, the OTC does change on a daily basis, but there are circumstances that these updates may happen on the end of week or end of month. Either way this is still a positive query for TKMO shareholders. As of today, 3/2, the OTC hasn't updated since 2/19.
Now there may be a couple of reasons for this. One is the DTC which releases the daily, weekly or monthly to the transfer agent. The shares held by the DTC have not changed since 2/19, which I find interesting.
What I am sure of is that Market Makers can't and do not hold inventory on any company's shares any time after a day of a trading session. They must balance out and this is where some T-Trades occur right after the close. It is against SEC rules and a illegal act and can result in punitive fines to any market maker who holds beyond the end of day.
I have written why I think the 6th digit volume on a daily basis might be a counter intuitive nature and offset any dilutive action or a collaboration with the note holder in a agreement. The latter is a synopsis on my part, but I find it interesting that we seem not to gate timely updates and I expect at least an update from end of session Friday which is the beginning of a new month-March.
I feel what is happening with the silent period and delay action on the share structure is a positive nature for us and serves us well on ROI.
I also provided a more detail post on this reasoning from this reply on an earlier post I made covering the desire for the company to attract and sell 500m shares at .001.
This will be my last post.
Have a good day,
varok
I understand your optimism, I really do. I feel the love man.
Now with a couple of comments on this issue. I agree that this may not be a scam since I rarely ever agree with such language. However, you have mentioned from this reply that .01 is achievable.
From the last financial dated of 12/22 rev. was around $9k. That is in line with the MC of $1m. Now to get to .01 share price as you have mention from this reply would give us a MC of $101m.
Now I'm not new to this penny arcade, but .01 share price is by no means even rational or remotely doable, under such an extreme share structure.
Am I missing something?
Oh, I do have a few million in this and also the ask never seems to inch down and as long as there is no bid this issue will always flounder down here. It does seem that there are endless shares popping up. Dilution or not these shares are coming from somewhere and it appears endless like I just mentioned.
Have a good day
varok
Stop with the dilution talk. They have not diluted this issue since 2/12. The O/S have not changed since that date. It has been over 21/2 weeks ago. Geez
The fact that there is no volume is the reason why we are stuck in this position. I explained why that is from this reply.
And I know what the hell I'm talking about.
Have a good day.
varok
Good morning,
The silent period is deafening. Positive!
O/S hasn't changed and stayed the same since 2/12. Positive!
No announcements since 2/12. Positive!
Expect the 10-K shortly with forward guidance. Positive!
My Analysis.
Something is brewing behind the scenes. Positive!
Watch first for the 10-K.
I think the company is negotiating with a favorable outcome on the remaining note and also believe we may get a major announcement on collaboration/partnership.
Silent period after name and symbol change is usually positive for shareholders.
Buying opportunity .001-.0012.
Have a good day.
varok
Good morning,
Since I wrote this reply post (2/12) the O/S has remained this same. In other words, the O/S has not change. This is extremely positive.
I feel the note holder and the company is holding the line and minimizing the actual dilutive factor until events take a positive move north.
I expect the 10-K any day now and should give us the answers and forward guidance.
Buying opportunity at .001-.0012
Have a good day.
varok
Trading is very tight.
The Ask/Bid are very small and could be an indication that the company is trying to curb the Note and the holder may be obliging. This definitely, if this is the case, watch for news or the 10-k appears to have much promise.
Notice the 5th digit now at .00124 and before this the 5th digit .00115 on 20k. .0013 is on top now.
Certainly, feels things are about to change.
Good morning,
Acme, your comments on what is transpiring with respect to TKMO is common typical sentiment in the penny arcade. However,
I was watching that going off. Now with that said, it isn't as bad and actually I prefer to see these multiple executions in the .0009 range rather than higher up where it does more damage.
These .0009 was an entity or non-retail, but more importantly the amount was bought up at the .001 level and denotes that this was a concerted effort to try and reduce the note all the while as we churn. Notice how we bounced back above .001. If you have noticed on the .0009s going off the greatest individual amounts were in the 10k range denoting the nonretail entity. Also denoting keeping within the volume guidelines. These so called .0009 were bought at a higher level and these .0009 was a cover trade similar to T-Trades after the close. Instead, was executed during the session.
Convertible Deb. is always a problem in the penny arcade and is unavoidable, period!
What we have with this issue on the note is the legacy factor before the new branding and name change with a great business model that has excellent growth potential and real numbers. Just study the previous latest financials. Watch for the end of year 10-K coming in the next week or so and the company's forward guidance.
I'm not concerned about this burdensome note since it is being handled as best as we as investors can expect. The overall volume is still considered to be low and rather this being handled down here verses on some great announcement that can easily stall any run is preferred.
The silent period by the company at this time after the symbol announcement of 2/12/24 is an underpinning and positive timeline. I believe they are reducing much of the overhanging note to a much better position when the real announcements become relevant.
The O/S hasn't changed and has me thinking that the company is countering these with the buys going off during the higher range or .001 on the basis of an earlier PR how the company isn't diluting the pool but countering it.
We are in a very good position and a breakaway will happen soon.
Buying opportunity at .001-.0012
Have a good day.
varok
Notice the 22m in the 6 digit at .000926 and buys at .001.