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Tony Baker and Sarah Meyers make the real decisions behind the scenes on both(maybe more, these are just the 2 I know about). They are owed debt on what is basically falsely priced assets they are basically selling themselves. When they need cash, and/or start running low on shares, they'll just cash in on their "debt" in the form of stocks.
If you go back a few years when they first took over DEAC and all the automotive stuff - all they did was basically move assets from SMAA over to DEAC. They started trade on this stock at $3 per share back then and they have produced nothing in that time, merely selling off shares to the point where you see the prices now.
I have no idea what this stock will do in the future, but I know you're mostly at their mercy. If you know them and know when the next "new direction" is coming out you can do well. But the trend for this stock is straight down.
Their "creditors" are mostly the insiders who run the company. They just take their "debt" for shares as they need cash.
The owners just cashed out a big on their other stock(SMAA) this summer, not sure what will happen with this one, but they diluted the crap out of the other one. Everyone talked about what a great share structure it had until then.
I put it in the ibox. I got the numbers from otcmarkets.
They still have the higher numbers.
http://www.otcmarkets.com/stock/SMAA/profile
Which one is correct? I can edit again.
Cool, I guess we'll get to see how they paid for the Windstax stuff.
Wonder if we'll know what % they got of it.
Do you ever sell any of Tony's stock?
I've seen for over a year you're always buying, but never selling.
What's the point in constantly buying?
Wonder how much more dilution will show up in the next update.
We'll they won't announce the dilution and that seems to be the main story line here lately.
Lots of dilution recently.
So I guess that big 150m volume day the other day is explained.
They cashing out.
Another 150 million shares were issued.
Current outstanding shares: 2,335,606,702
On Oct 12, it was: 2,181,973,476
Except it seems as if the people doing all the selling is the one who would be behind a run, since they are the ones who got the majority of the shares.
dillution
The 890 million is all you know about. They have issued even more stocks just in the past month, but we won't know the details until the next financial report.
Someone is dumping a lot of shares.
Doesn't the higher AS suggest the shares are worth less now?
Kit has nothing to do with the actual company other than getting paid for allowing them to use his name.
Btw, he just went bankrupt a few years ago.
You want DD? I'll give you plenty - I'm a former employee and this is a straight up scam.
The Windstax news already came out and they only bought a small portion of it - if anything. And since they have no cash, how do you think they paid for it?
And if they themselves are dumping it now, what does that tell you of the future?
Debt holder was Sarah Myers and Tony Baker, it was named. These are the people I've been saying for 2 years are the ones that really run this shell company.
The "debt" they owe is 100% BS for the record. The "assets" aren't even worth 5 figures much less 7 almost 8. But it's pretty easy to get that much when you are the buyer and the seller.
Baker Myers
– SMA Acquisition
On September 8, 2011, the Company issued a Note in the original principal amount of $7,000,000 for the purchase of USAutoplex via
an Asset Purchase Agreement (“SMA Acquisition”). At any time after September 12, 2012 (the “Maturity Date”), the principal amount of the note can be converted into shares of common stock at the lower of $0.0005 per share or a 60% discount of the lowest closing stock price for the previous twenty trading days tolled from the date such Conversion Notice is delivered to the Company. Based on the Company’s share price and the terms of the Note, the Company was obligated to reduce the par value per share to $0.00001, which was effective April 22, 2016.
During the period ended June 30, 2016, the Company issued 849,250,000 shares of common stock to various assignee’s in conjunction to reduce the principal debt obligation by $6,675,210.
They are not a totally different company now. They are a shell company with the PR and everything else running through Tony and Sarah.
They may dabble here and there in projects, but they are incapable of actually seeing anything through as they seems to be drunks or something and are extremely flaky.
That was dilution and that "debt collector" is the real owners of the company who do everything behind the scenes.
This is how they make a living.
I'm keeping track of the share numbers in the ibox at the top now whenever steam posts them.
I only have Sept 22 and today's on there so far, but I'll keep adding them in there as they come available.
Looks like a 120 million share increase on the Outstanding in the past 3 weeks.
I'm pretty sure they have majority vote, but I don't know exactly how it's setup.
I just know from working for Tony and Sarah that they pull all the strings regardless of who it says is running things on the reports.
And the latest financial report outlined those number of shares to be issued as debt payment, which pretty much confirms they are still behind it, and still selling shares for a living.
Because it's free money to them. The shares don't cost them anything.
They will just issue themselves more shares whenever they need more money, and they will just add more bogus debt in order to do it when they need too.
And then when they need to do it, they'll reverse split and do it all over again.
Tony brags constantly about his ability to manipulate this stuff.
So if you are wondering why all this low ball selling is happening, it's because the owners are cashing out.
849 million shares were recently issued to Sarah Meyers and Tony Baker.
Of course, news of this share dilution doesn't come until months later.
From the latest financial report:
During the period ended June 30, 2016, the Company issued 849,250,000 shares in connection with conversion of debt in the aggregate amount of $324,790.00 to the noteholder and/or its assignees. These shares were issued without a restrictive legend.
Good luck, but it doesn't look like the owners are done selling off yet.
You did see the latest financial report where they were issued a bunch of shares right?
Won't be surprised to see a fresh group of 2's up for sale tomorrow.
This is a massive selloff by the diluted shares gained by Tony and Sarah for the bogus "debt" the company has for them.
I'm unsure what you are shocked about here honestly. You should have been reading the latest 10k report.
Tony and Sarah cashed in on some of their fake "debt" the company owes them for a bunch of shares.
It was only a matter of time. As I've been saying for over a year now, this is how they live.
Don't believe anything has changed.
Don't know, but I'm pretty sure I know who's selling them.
getting sold off by Tony and Sarah is what's actually going on.
SMAA has nothing to do with the Navy.
Being in the military doesn't give you some kind of inside access to government contracts either.
Nor does being in a state government.
10k out - $1596 of revenue last year.
Only money generated was "financing".
So will we see more dilution? The only thing of "value" the company has is stocks, so I guess the windstax people need to cash out.
How will they be paying for this?
No not really, unless you have inside knowledge of the next bit of hype.
That is Sarah Meyers and Tony Baker(they are married), the real owners of this ticker as I've been saying for years. They'll sell those off, and then when they need more shares you'll start seeing the same thing again.
the best part, the stuff they "sold" SMAA was never worth more than 5 figures(and that's being nice).
I'm guessing it still hasn't been settled.
It's normal price is .0001. It's been a wonder it's managed to stay above that this long.
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